"House Money"

[Dunbar]

Originally Posted by 2MinsToPost

So how many of you employ this thinking when you are up? So, you start the day with $100 and after the first 3 races you have $240 in your pocket. Do you consider that $140 "house money"? I don't, never have. Its mine. I find that to be dangerous thinking, setting myself up for potentially just throwing it around carelessly. I earned that money by a winning wager(s).

What do you all think?

I'm frequently amazed by examples of "house's money" mentality. You see this often on Jeapardy. Sometimes a contestant in Final Jeapardy is so far ahead that he could bet anywhere from $1 to $5000 and still win the round. Many times the contestant will bet the max he can "safely" risk. He might make a $5K bet. Now, I'm pretty darn certain that these people are not going to be making $5K bets in any other situation. But heck, it's the "house's money".

--Dunbar