Some Crazy Fun Facts About Casinos And Gambling You Might Not Know.

[BitcoinPanther]

1. The Founder Of FedEx Saved The Company By Gambling In Vegas.



        Here's an inspiring story for aspiring gamblers and small business owners: the founder of FedEx saved his floundering company by gambling in Vegas, earning $27,000 in blackjack! The company only had $5,000 in its coffers when Frederick Smith decided to fly to Vegas in 1973 and risk it all. Though this isn't good investment or business advice in general, Smith's gamble paid off, allowing the company to last long enough to raise $11 million and eventually earn its first profits in 1976.

I would not call it an inspirational story, but I would call it an exception to the rule, an isolated case when gambling helped the company at the dawn of its formation. Of course, this is the worst advice for any business founder and I would in no way recommend starting a business this way. Such luck can happen only once and only if you are Frederick Smith. 

I agree that it was an exceptional story if we put it in gambling side view, but the point that the owner never gives  up(just remove the gambling part) on looking for the solution to the problem of his company is somehow inspiring.  I would also not advise to gamble in looking for motivation or inspiration because often times gambling never gives solution to financial problem.

The result of the boss of FeDex looks very real and we all aspire to have the same luck that he had so far. Let's just keep doing what we do and one day, our story might become very interesting to other people.

The result of FEDEX does not only look very real, it is real because FEDEX rises from its almost bankrupt status to what it is right now.

[1714054030]

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[1714054030]

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[Lanatsa]

For some reason, this story seems to me to be dubious.  Of course, it is impossible that a person holding such a high position and, accordingly, having vast experience in management and knowing all the pitfalls of gambling, would seriously risk the capital necessary to save a huge company.  I think this story is just another publicity tale.  Moreover, everything you learn from Las Vegas is literally all riddled with exaggeration of facts and the size of luck. 
This is what the world gambling center itself is built on.

I think you are making reference to the FedEx story. That  is looking like what can be doubted but nonetheless it is in the media and that is what we all are given to gulp in but the real story may look like what we see online or close to it. For now it is one of the most inspiring success story in gambling as regarding risk and not necessarily luck.

and also looking to the whole topic ? it seemingly that FEDEX story is the most talked because the risk taken by the fedex boss is truly remarkable and I think no other company that will take the same action in our days now.
but still congrats for that win for many years now.

I can see that everyone wants to stick to success especially the one of FeDex that looks very risky and interesting. Sometimes when we take risk luck can accompany us along that can make us earn big from what we are doing. The result of the boss of FeDex looks very real and we all aspire to have the same luck that he had so far. Let's just keep doing what we do and one day, our story might become very interesting to other people.

It was just acting as a last resort on the funds that he do have on which as a company owner who had turned down or bankrupt then there's always that kind of emotion or thinking about being desperate for

recovery and we arent that dumb not to make gambling as the nearest option on doing so thats why he had decided that he do gamble with those amounts and luckily he do able to make at least his money a bit
bigger and this is where the story continues.

What if he had lost all of his money on that time? For sure we arent seeing FedEx now. 

[LUCKMCFLY]

There is another fun fact that is not included in the op which is the set of gamblers who sell their personal properties such as houses and cars just to gamble away the money and after then end up sleeping by the corridor of the casino House, thos is the most irresponsible act but I have seen a lot of them in my region who are. so addicted to gambling and have gambled away all their life savings and properties.
...

I would have guessed those things only happened in movies and books, Jesus Christ.
Since you said you have personally witnessed these things happening in your region, would you care to give us an example or tell us a story about a particular case which you can talk about? Because I have never seen someone being so reckless when gambling, the worst I have seen was someone losing half their monthly wage.

Also, how come they end up sleeping in the Casino corridor? Dont they get kicked up by staff?
Or maybe staff feel so sorry for them that allow them to sleep a couple of night on the floor.

Whatever the case, it is just sad to read people can ruin their lives so quickly.  

This is very true, the game can drive anyone crazy if they do not control all their emotions and in these cases the impulses, I think that a person who bets his house is because he is not very well in the head, he is a person who apart from being irresponsible I would consider it crazy, a house or property is not to put it as a guarantee against a game of chance.

For me, houses, real estate, are to put them as collateral in case of an emergency, and that for a loan before the bank, I think that is the most intelligent way to risk the house or a property because the value of things I think is not they only have to do with the fiat, but many other things.

For some reason, this story seems to me to be dubious.  Of course, it is impossible that a person holding such a high position and, accordingly, having vast experience in management and knowing all the pitfalls of gambling, would seriously risk the capital necessary to save a huge company.  I think this story is just another publicity tale.  Moreover, everything you learn from Las Vegas is literally all riddled with exaggeration of facts and the size of luck. 
This is what the world gambling center itself is built on.

I think you are making reference to the FedEx story. That  is looking like what can be doubted but nonetheless it is in the media and that is what we all are given to gulp in but the real story may look like what we see online or close to it. For now it is one of the most inspiring success story in gambling as regarding risk and not necessarily luck.

and also looking to the whole topic ? it seemingly that FEDEX story is the most talked because the risk taken by the fedex boss is truly remarkable and I think no other company that will take the same action in our days now.
but still congrats for that win for many years now.

I can see that everyone wants to stick to success especially the one of FeDex that looks very risky and interesting. Sometimes when we take risk luck can accompany us along that can make us earn big from what we are doing. The result of the boss of FeDex looks very real and we all aspire to have the same luck that he had so far. Let's just keep doing what we do and one day, our story might become very interesting to other people.

It was just acting as a last resort on the funds that he do have on which as a company owner who had turned down or bankrupt then there's always that kind of emotion or thinking about being desperate for

recovery and we arent that dumb not to make gambling as the nearest option on doing so thats why he had decided that he do gamble with those amounts and luckily he do able to make at least his money a bit
bigger and this is where the story continues.

What if he had lost all of his money on that time? For sure we arent seeing FedEx now. 

It is that that is what we think, if I had not had that great touch of luck, FedEX would surely not have existed, in my opinion this is a very necessary stroke of luck and they were really successful in terms of the risk and everything, although thinking about it Well, it wasn't unreasonable to do something like that, if things had gone wrong, I think maybe that company would have emerged, sometimes what is meant to be given is given, it's like what is destined for someone, however it goes to that person and is Give with everything you have, perhaps FedEx is a company that is very good and that gives and offers many benefits to us and that is something redeemable.

[Viscore]

For some reason, this story seems to me to be dubious.  Of course, it is impossible that a person holding such a high position and, accordingly, having vast experience in management and knowing all the pitfalls of gambling, would seriously risk the capital necessary to save a huge company.  I think this story is just another publicity tale.  Moreover, everything you learn from Las Vegas is literally all riddled with exaggeration of facts and the size of luck. 
This is what the world gambling center itself is built on.

I also sense the same thing. Because it’s definitely hard to believe the story of FedEx owner, that gambling is the answer of his near downfall. Knowing gambling, it’s more than losses and regrets in the end than profiting from it. But let’s say that he’s just extra lucky when he decided to gamble, he might be gaining exceptional profits but for sure, he also made a lot of losses before that.

[serjent05]

For some reason, this story seems to me to be dubious.  Of course, it is impossible that a person holding such a high position and, accordingly, having vast experience in management and knowing all the pitfalls of gambling, would seriously risk the capital necessary to save a huge company.  I think this story is just another publicity tale.  Moreover, everything you learn from Las Vegas is literally all riddled with exaggeration of facts and the size of luck. 
This is what the world gambling center itself is built on.

Well, writers loves to exaggerate things, though I wouldn't question the authenticity of the story.  The CEO of FEDEX indeed gambled during the time when his company is about to go bankrupt.  He maybe do it because he wanted to take a breather and somehow got lucky and got $27k.  The winnings and the amount saved the company may be an overstatement but the motivation I think is true since from then on, the owner got motivated to look for people who can help the finances of the company.  

Sometimes when we are almost down to the limit, a simple push can make us break free from desperation and may be the key to turning things around.  And probably that win serves as that thing.

[iv4n]

I can see that everyone wants to stick to success especially the one of FeDex that looks very risky and interesting. Sometimes when we take risk luck can accompany us along that can make us earn big from what we are doing.

What you develop or what you said so far is exactly what is in mind mind to say that is not the way that when someone make announcement or point that you like so much then you continue to repeat such. It is truth that no one that does not like to be successful and anything that will make you to be success is something that you enter into with  seriousness

This is just a story with a lucky ending, I guess we can't imagine how many people tried to do the same and lost. It's gambling in the end, seriousness is measured with money someone gambles with, and higher stakes always mean more serious playing! Definitely, it's not so smart to risk everything you have, but I guess some people get trapped and see gambling as the only way out, and it's fucked up situation when someone relay on gambling to survive! It's like real gambling with the highest possible stakes! I have never been in such a situation, and I hope that I will not end up in such a situation, simply said! I gamble for fun.

[Fivestar4everMVP]

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This is just a story with a lucky ending, I guess we can't imagine how many people tried to do the same and lost. It's gambling in the end, seriousness is measured with money someone gambles with, and higher stakes always mean more serious playing! Definitely, it's not so smart to risk everything you have, but I guess some people get trapped and see gambling as the only way out, and it's fucked up situation when someone relay on gambling to survive! It's like real gambling with the highest possible stakes! I have never been in such a situation, and I hope that I will not end up in such a situation, simply said! I gamble for fun.

Totally agree with you mate, gambling should be for fun, but it's rather unfortunate that some people have taken it up as a profession, and it doesn't really make sense if you ask me, I always feel its an act of laziness that makes a man to rely on gambling for daily, weekly or monthly income, without having any major business as a number one source of income and gambling as a side hustle.

The story of the founder of FedEx is a matter of luck, we talk about it today because he took the big risk and got lucky, maybe if he had lost, the company, FedEx will not be in existence today, and we will not even know a man like him exists.

[ChiNgadOr]

For some reason, this story seems to me to be dubious.  Of course, it is impossible that a person holding such a high position and, accordingly, having vast experience in management and knowing all the pitfalls of gambling, would seriously risk the capital necessary to save a huge company.  I think this story is just another publicity tale.  Moreover, everything you learn from Las Vegas is literally all riddled with exaggeration of facts and the size of luck. 
This is what the world gambling center itself is built on.

I also sense the same thing. Because it’s definitely hard to believe the story of FedEx owner, that gambling is the answer of his near downfall. Knowing gambling, it’s more than losses and regrets in the end than profiting from it. But let’s say that he’s just extra lucky when he decided to gamble, he might be gaining exceptional profits but for sure, he also made a lot of losses before that.

You know sometimes writers do add to additional things to there writing to make it more interesting to read do that every reader will find something remarkable about what they had read. The story might not be as sweet as this but we are presented with a stort that can make us think like we are not doing enough to in the kind of way we gamble.

I hope this will it influence some persons to go extra miles in making sure that they make winnings especially using more than 70% of there fund to gamble so that they can be like the FedEx CEO that took exact risk.

[wxa7115]

Totally agree with you mate, gambling should be for fun, but it's rather unfortunate that some people have taken it up as a profession, and it doesn't really make sense if you ask me, I always feel its an act of laziness that makes a man to rely on gambling for daily, weekly or monthly income, without having any major business as a number one source of income and gambling as a side hustle.

The story of the founder of FedEx is a matter of luck, we talk about it today because he took the big risk and got lucky, maybe if he had lost, the company, FedEx will not be in existence today, and we will not even know a man like him exists.

Stories like the one of the FedEx owner are not that rare, what happens is that most of them do not have a happy ending, an owner doing something like that is probably desperate and it is using gambling as their last resort.

And once they begin to bet and the cards are not in their favor they will begin to get desperate and make a few plays which will bankrupt them, so while the success story of FedEx makes for an interesting story we must remember that the majority of those which tried something like that most likely lost everything they had instead.

[LUCKMCFLY]

Reading about the risky adventure of the FEDEX CEO I was pushed to imagine what will have happened fo the global shipping company if the whole money the CEO gambled with was lost.

But thank goodness he made it out and that action have to change the faith of the company for life now FedEx is a global name and all thanks to the CEO who understood the place of risk in every aspect of life and was courageous enough to take the bold step and risking everything

It is not really difficult to imagine what would have happened to the company in the case he had lost, most likely no one would have ever heard of FedEx and instead we will have another company doing the same function, maybe not as efficiently as FedEx does it but we will have a decent replacement, but without a doubt it is way more interesting for the founder of FedEx to have saved his company by playing blackjack, and even if this is obviously something that should not be recommended or encouraged it still makes for a hell of a story.

It's like that, I think that what that player did is something that no one should copy to try to imitate him, at least I don't see him as trustworthy, but he played it and I think he had no choice, it was win or win, otherwise everything was it was going to the trash, but it is as you say, another company would have taken everything that FeDex has earned and they would have taken over the company, for this there are many more things, perhaps a service with another name that would do exactly the same thing, for some they can stay to think that it would have happened, well like the multiverses maybe if they exist, only there they know what happened with that loss, but as far as here things went well.

Totally agree with you mate, gambling should be for fun, but it's rather unfortunate that some people have taken it up as a profession, and it doesn't really make sense if you ask me, I always feel its an act of laziness that makes a man to rely on gambling for daily, weekly or monthly income, without having any major business as a number one source of income and gambling as a side hustle.

The story of the founder of FedEx is a matter of luck, we talk about it today because he took the big risk and got lucky, maybe if he had lost, the company, FedEx will not be in existence today, and we will not even know a man like him exists.

Stories like the one of the FedEx owner are not that rare, what happens is that most of them do not have a happy ending, an owner doing something like that is probably desperate and it is using gambling as their last resort.

And once they begin to bet and the cards are not in their favor they will begin to get desperate and make a few plays which will bankrupt them, so while the success story of FedEx makes for an interesting story we must remember that the majority of those which tried something like that most likely lost everything they had instead.

Yes, it is as you say, many have tried but they do not have the luck to achieve what that company achieved at that time, there is also something that when a person decides to take that risk, is that in case they do, they must take into account that this take the money that you are risking as lost, this so that you do not have illusions that it will multiply, because the blow is usually very hard, that if you lose, keep in mind that it is under your responsibility and that you then have to answer for that money that you risked and he lost, although I think something, with $5k and if he knows how to play, it is difficult for him to lose unless he starts betting like crazy.

[traderethereum]

I can see that everyone wants to stick to success especially the one of FeDex that looks very risky and interesting. Sometimes when we take risk luck can accompany us along that can make us earn big from what we are doing.

What you develop or what you said so far is exactly what is in mind mind to say that is not the way that when someone make announcement or point that you like so much then you continue to repeat such. It is truth that no one that does not like to be successful and anything that will make you to be success is something that you enter into with  seriousness

But not by using all the money to gamble and hoping to win a lot of money by playing one game or several times.
And sadly, many people still think that way and continue spending a lot of money trying to make more.
They forget that gambling is not designed to give gamblers money; only those who are really lucky can win a lot of money.
The story of FedEx is one example of having a great fortune that allowed him to win a lot of money but that won't happen to many people.

[danadc]

For some reason, this story seems to me to be dubious.  Of course, it is impossible that a person holding such a high position and, accordingly, having vast experience in management and knowing all the pitfalls of gambling, would seriously risk the capital necessary to save a huge company.  I think this story is just another publicity tale.  Moreover, everything you learn from Las Vegas is literally all riddled with exaggeration of facts and the size of luck. 
This is what the world gambling center itself is built on.

I also sense the same thing. Because it’s definitely hard to believe the story of FedEx owner, that gambling is the answer of his near downfall. Knowing gambling, it’s more than losses and regrets in the end than profiting from it. But let’s say that he’s just extra lucky when he decided to gamble, he might be gaining exceptional profits but for sure, he also made a lot of losses before that.

You know sometimes writers do add to additional things to there writing to make it more interesting to read do that every reader will find something remarkable about what they had read. The story might not be as sweet as this but we are presented with a stort that can make us think like we are not doing enough to in the kind of way we gamble.

I hope this will it influence some persons to go extra miles in making sure that they make winnings especially using more than 70% of there fund to gamble so that they can be like the FedEx CEO that took exact risk.

I don't see it as strange, at that moment the businessman knew that he had to risk it no matter what, it was necessary to have a good financial state for the investments of the moment, and at that moment in history things also had a lot of value, and for getting more money was difficult just like in these moments, if this was a rather risky exit, and it looked like something very crazy, it was not so crazy because it turned out to be a move of great genius, and this is what saved everything, I don't want to look for another reason, what matters is that it happened, it is up to many of us if we take such an example or see it as something we shouldn't do.

[LUCKMCFLY]

 with those $5k they were not going to raise absolutely nothing, a company of this caliber is currently still one of the world leaders, good for that being who did that!

Well that is back in 1976 when I think 5k is really a Money , if we will going to compare that amount these days yeah it may do nothing but back then  this is absolutely a big amount.
But Yeah I must admit that the person who did this made a successful life out of gambling.
yet still wont going to advise people in similar situation to do what FEDEX owner did .

Well, there are times when I did not know before that someone had done something like that, on occasions I had thought of doing something similar, but the age I never dared, because the fact of risking so much money is not something that goes with me, a long time ago I wanted to have at least $1k to put it all on dice, applying various strategies, where at that time the one I used the most was the martingale, and it was a very reckless strategy and obviously I couldn't put it as the best, but there are many things that They stopped me and well it was better that way, but really until now and thinking about everything that FEDEX manager did, Well, I really admire him.

For some reason, this story seems to me to be dubious.  Of course, it is impossible that a person holding such a high position and, accordingly, having vast experience in management and knowing all the pitfalls of gambling, would seriously risk the capital necessary to save a huge company.  I think this story is just another publicity tale.  Moreover, everything you learn from Las Vegas is literally all riddled with exaggeration of facts and the size of luck. 
This is what the world gambling center itself is built on.

I also sense the same thing. Because it’s definitely hard to believe the story of FedEx owner, that gambling is the answer of his near downfall. Knowing gambling, it’s more than losses and regrets in the end than profiting from it. But let’s say that he’s just extra lucky when he decided to gamble, he might be gaining exceptional profits but for sure, he also made a lot of losses before that.

You know sometimes writers do add to additional things to there writing to make it more interesting to read do that every reader will find something remarkable about what they had read. The story might not be as sweet as this but we are presented with a stort that can make us think like we are not doing enough to in the kind of way we gamble.

I hope this will it influence some persons to go extra miles in making sure that they make winnings especially using more than 70% of there fund to gamble so that they can be like the FedEx CEO that took exact risk.

I don't see it as strange, at that moment the businessman knew that he had to risk it no matter what, it was necessary to have a good financial state for the investments of the moment, and at that moment in history things also had a lot of value, and for getting more money was difficult just like in these moments, if this was a rather risky exit, and it looked like something very crazy, it was not so crazy because it turned out to be a move of great genius, and this is what saved everything, I don't want to look for another reason, what matters is that it happened, it is up to many of us if we take such an example or see it as something we shouldn't do.

In this, each person has their way of solving what is presented to them, I understand that each person acts according to their needs, at least when they get desperate, the person should be aware that they are risking capital that they will not recover so easily if they lose it. in a bet, that often requires months of hard and arduous work, so at this point where we work to be able to supplement our basic needs, going to a casino represents an expense in fun, and that expense in fun must be controlled because otherwise I would lose everything, and that is the beginning of addiction in all its splendor, which is what should be avoided.

[UserU]

Thanks for sharing these crazy fun facts about casinos and gambling! It's really interesting to learn about the history and culture of gambling. I had no idea that the founder of FedEx saved his company by gambling in Vegas, that's a wild story.

$27K in 1973 is equivalent to $177K now, imagine that!