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Financial Literacy:
Will that be your answer as well?
By the third day of their honeymoon in Las Vegas, the newlyweds had lost their $1,000 gambling allowance.
That night in their bed, the groom noticed a glowing object on the dresser. Upon closer inspection, he realized
it was a $5 chip they had saved as a souvenir. Strangely, the number 17 was flashing on the chip's face. Taking
this as an omen, he donned his green bathrobe and rushed down to the roulette tables, where he placed the $5 chip
on the square marked 17. Sure enough, the ball hit 17 and the 35-1 bet paid $175. He let his winnings ride, and
once again the little ball landed on 17, paying $6,125. And so it went, until the lucky groom was about to wager
$7.5 million. Unfortunately the floor manager intervened, claiming that the casino didn't have the money to
pay should 17 hit again. Undaunted, the groom taxied to a better-financed casino downtown. Once again he bet it
all on 17 - and once again it hit, paying more than $262 million. Ecstatic, he let his millions ride - only to
lose it all when the ball fell on 18. Broke and dejected, the groom walked the several miles back to his hotel.
"Where were you?" asked his bride as he entered their room.
"Playing roulette."
"How did you do?"
"Not bad. I lost five dollars."
Excerpt from "Not All Dollars are Created Equals"
From the book
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