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Over the past twenty or so years great wealth and improved economic andsocial conditions have been promised to the communities that have embracedlegalized gambling However with twenty years of experience it is time tolook back and analyze whether this is true or not It could easily be said that gambling is as American asapple pie Gambling has shaped American history since its beginning Lotterieswere used by The First Continental Congress to help finance the Revolutionarywar Many of our founding fathers such as Benjamin Franklin Thomas Jeffersonand George Washington have sponsored private lotteries It has been saidthat Our founding fathers were just numbers guys in wigs At one time baseballwould have seemed to be the American pastime This is not so now In recentyears the attendance at casinos has nearly doubled the attendance at allmajor league baseball games with close to 130 million people visiting casinosevery year1 With so much money at stake the average gambler doesnot stand a chance against this big business The casinos go to every lengthto analyze what makes a gambler bet stay longer and loose as much moneyas possible Gamblers who come to casinos with the intention of winningmoney are habitually disappointed As casino crime lord Meyer Lanskysuniversal gambling truth states Gamblers never win the house never loses2Slot Machines and most table games allow players to make bets where theprobability of winning is relatively high Frequent wins are characterizedby low payouts These frequent wins encourage further gambles with lowpayouts Frequent winning low paying games are not the only waycasinos get people to keep playing Nothing less that psychological warfareis going on at casinos across the country The days of shaved dice missingface cards and rigged roulette wheels are long gone But the pursuit ofprofitability in the corporate era of gambling has turned the average casinointo a financially hazardous place for betters3 The casinos beliefsare all based on the fact that since the house has an advantage over theplayer the longer the
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