Quotes of All Topics . Occasions . Authors
I think there needs some attention to be paid to what sport is going to represent to young people: should it be viewed in the competitive, team-oriented sense that it is now, or does it become a vehicle for betting, which may, in effect, change the atmosphere in the stadiums and the arenas?
Success at poker is ultimately the result of solid fundamentals and the ability to read your opponents' betting patterns. This is especially true when playing online. But playing live poker is a completely different animal. In this venue, the presence of physical tells can not be overlooked.
Betting on the success of innovative technologies in the marketplace can carry all the uncertainty and risk that betting on the next card in the deck does at a blackjack table in Las Vegas. There is a factor of randomness that must be factored in, but precisely how to do so is anyone's guess.
Only institutions that go about the old-fashioned business of taking in deposits from customer A and lending them out to customer B should be called banks. The rest should call themselves what they are. 'Parlors' would be appropriate, or 'dens' - words more suitable to venerable betting pursuits.
I could describe my career in two words: who knew. I was on the path to becoming a professional baseball player, but I got injured in college. When I decided to move out to L.A. to try acting, nobody was betting on me, not even my family. But it's always been that way for me; nothing has come easy.
The important thing to remember, if you are trying something that is an innovation, is not to think too much about it. Because if you take too long, by the time you get there, the world will have changed. You take a risk, and if it doesn't work, you make a change. We are not betting our lives on it.
The flop bet is a useful tactic for both old-school and new-school players because it can be effective if you are strong, weak, or somewhere in between. Betting out weak on a bluff can allow you to pick up an uncontested pot while betting out strong gives you the opportunity to control the size of the pot.
Whenever you're at a poker table - and you're betting all of your chips - you're worried, you're scared. Is it the right play? Have I thought through all the angles? That's what stinks about life and business in general. If I had to calculate 100% certainty on every deal I did, I literally would do zero deals.
Since young people would much rather play fast-action, rapidly advancing video games, and gambling laws for slot machines and roulette tables haven't changed much since the 1950s, look for casinos to build large video game tournament centers and allow people to bet on the action, similar to betting on college basketball.
First a piece of Irish wisdom: you should always listen to a bookie. For they have a saying, 'Money tells a good story,' and somewhere in their odds is a kind of science-fiction existentialism that decrees that we, the people, know everything. In other words, betting patterns often make for good, unconscious soothsaying.
My parents were both very frugal, and I think they're responsible for my attitude of always looking for good value, especially in my work. In a way, sports betting is like a big game of 'The Price Is Right:' just like I'd pay $3 for a Coke Zero but not $4, I'd lay three points on the Bears-Packers point spread but not four.
I think the bigger the movie is, the harder it is to maintain the idea of an auteur. You're servicing something beyond just your own vision. Whenever there's a lot of money on the line, it is your responsibility to make sure that you're doing your best to have people not lose their money and to actually win by betting on it.
Betting all your funds on the belief that you know what consumers want and are willing to pay for is like jumping into a river to test its depth - you'll need a lot of luck to stay afloat. To have a truly successful product launch, the conversations with your customers must start long before you write your first line of code.
Mr. Soros, the chairman of Soros Fund Management, is best-known as a speculator, philanthropist and political activist. He made a fortune by doing things such as betting against Britain's currency in 1992 and Thailand's in 1997. A Hungarian refugee, he has spent millions to promote democracy and learning in post-Soviet nations.
A startup job is an investment, after all: Venture capitalists may wager money, but you're staking something more precious - your time. And unlike VCs, you can't spread your risk by betting on a bunch of companies at once. Start with TAM. That's 'total addressable market,' and if it's not big enough, there's no point in talking.
