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Why the Stock Market Beats a Casino (Just Barely)

Why the Stock Market Beats a Casino (Just Barely)

Author: Ari Socolow on June 24, 2007

Here is my satirical analysis of why the stock market beats a casino.

1) The odds are not completely stacked against you, just around 90%.

2) Don't need to keep running to an ATM or to spend time converting your money to chips to loose everything. (This speeds up the process)

3) You can be in your office or at home when you loose everything and it is better to be in a familiar environment under these circumstances.

4) You can't multitask at a casino (you can do other things while you loose everything).

5) If you play internationally, it is open all of the time - you don't need to adhere to the casino's hours.

6) Smoke-free and no lousy food.

7) No need to travel to Las Vegas, Atlantic City or an Indian reservation. (Friends and relatives don't need to know about your gambling addiction).

8) No horrible characters around you - at least not within physical proximity!

Ari Socolow: Ari Socolow is the Chief Economist and Editor-in-Chief at BestCashCow. He is particularly interested in issues relating to bank transparency and the climate crisis. Since co-founding BestCashCow in 2005, Ari has been frequently cited in the media as an expert on local and national savings accounts, CD products, mortgage and loan products and credit card rewards products.

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Comments

Anonymous

June 24, 2007

Funny, but I still think that casinos are a little more fun.

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Anonymous

June 24, 2007

Pretty funny. The biggest difference though is that the stock market does generally reward it's investors. In casinos, the odds are stacked against you from the beginning.

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