Playing with house money in concept and actuality has changed my life. There is more to the story…..but the term may be lost on some so I will do a quick explanation for all non-degenerates out there.
Lets say you are in Vegas and you are playing blackjack or craps…..you cash in with $200. 30 minutes later you look down and you see you have $500 in chips. What I do, and perhaps others do, is take $200 off the table and put it in your pocket and thus your now playing with house money….$300.
When I play with house money, both in Vegas and in real life, I play free. I follow the book (code for the spoken rules of the game) but I also break the book, IE don’t follow the rules. I sometimes play unconventional hands because I think the odds/payout is worth it.
Unfortunately, you and I lose site of this and start to think the $300 is ours and not the houses. We clam up and wet the bed at the thought of losing the $300…. losing perspective its house money to begin with.
Chances are, if you are reading this post you are playing with house money.
If you have food, family, faith, and some other foundational aspects you are set…the rest is house money. Your 6 figure job or aspirations is house money bro/sis! Your car payment and meals out and vacations and family portraits and Netflix and tequila and concerts and date nights and gym membership and ________ is all house money. You can survive on less, much less. We start to think these niceties are essentials and you can’t lose them. If thats the case you play in fear. You can’t enjoy shit unless you realize its house money. Take a shower and be thankful you have water running over your back. Eat black beans and rice for a week and think about what % of the world lives off that, hell throw Cholula on it and love it and question why you need steaks and lobster to begin with.
‘Scared money don’t make money’……so the rap lyric goes. I have seen this play out with so many people wanting more (better job, better $$ situation, path forward) but no appetite to risk. Risk what? It’s house money! Take it, its yours! You can’t take mine, I am playing with house money.
*There are for sure those who have not been dealt the right cards, thus they are playing from behind. To keep the analogy alive – those of us playing with house money should be conscious of how to bank roll others so they can get a seat at the table.