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From today's news @ LVA:
My takeaway from this is as follows: If you need $132,000 to put a down payment on a house, gambling $66,000 may not be the wisest use of your money.
July 19, 2012 10:11 Binion's Books Big Bet: In an event reminiscent of the old days of Binion's Horseshoe, when proprietor Benny Binion would famously book any bet, so long as your first bet was your max bet, late Wednesday morning the downtown property, now known simply as Binion's, was the scene of a rare scene when the casino agreed to book a $66,200 bet on roulette. The anonymous gambler won, and told the casino he and his wife planned to use the winnings for a down payment on a house. Prior to approaching Binion's, the Hawaiian gambler said he'd called eight different casinos in Las Vegas, including several on the Strip, but that none would take a single roulette bet over $20,000.
My takeaway from this is as follows: If you need $132,000 to put a down payment on a house, gambling $66,000 may not be the wisest use of your money.
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