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I had one student who was up $5000 at the roulette table and then the casino started feeding him free drinks. Hey, I can't blame him he was a young guy, and who can resist free booze? Well anyways he had over 10 people watching him at the table, he was winning winning and winning some more. Until he had one too many drinks.

Slowly but surely he started making stupid bets, he quit using basic pivot strategy, he lost all focus on money management strategy and before you knew it he was down to his last $5.

So the moral of the story is, stay away from any drugs or alcohol that will impair your judgement. Gambling shouldn't be just for fun.

Gambling is deadly serious since it's about winning money not losing it!

So to keep your shirt on your back, I repeat, stay away from the free booze. If you do plan on drinking stay away from the gambling pit, you'll just dig yourself deep into a hole, like a dog buries his bone.

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