Jan
11
Chess Colleague Bankrupted in Sports Betting, by Nigel Davies
January 11, 2007 |
I heard that a chess colleague had lost everything except his house with sports betting. I must say that I'm quite surprised as he has always been quite cautious with his commitments, certainly on the chess board. And as it happened quite suddenly, it wouldn't have been a death of a thousand cuts.
Chasing a bad bet? Probably. It's unlike the S&P, which can only go down to zero (which it probably won't) and there's no drift.
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