My mother was a gambler, and a good one. She broke even lots of times, won small often, even won
big more than a few times, but as far as I know she lost money (overall) only once. That's because she had rules.
Rule #1: focus on games of probability
and skill, like Blackjack or Craps - poker requires too much body language reading (skill), and both roulette and slots require only probability (both boring and, usually, break-even).
Rule #2: never bet more than you're willing to lose. She'd set up early in the evening and bet very conservatively. Once she had a pile of winnings, she'd remove her initial stake and go crazy. In general, she earned a pretty good hourly wage.
Rule #3: losing is more probable than winning, so love what you do and have a boatload of fun - or why bother to play at all?
I don't go to casinos and I don't day trade, so I never realized how much I'd learned from her until recently. A few weeks back, at a quarterly antique show, I visited one of my favorite vendors who had not only a
stunning sorority pin (for a great price) but two beautiful pieces to feed my newest passion - figural bug jewelry. I don't know if it was the little ladybug tie tack that nice lady gave me last year or the Alice Caviness wasp I found last fall for a song or the fantastic gold-and-turquoise butterfly from a few months back, but I've been finding the little beauties
everywhere lately, so I succumbed and bought them both.
In fact, on the first day of the event, I happened to go by another vendor, a friend of the first, and, when a fabulous bee (gold, set with jade) caught my eye, I had to buy it. "$150," he said (a fair price, based on its heft). I sucked in a breath, however - who wants "fair" when there are so many deals out there, right? And I didn't
quite have that much in my allowance. But it was beautiful ... and I happened to be wearing a pair of heavy 14K earrings I'd bought at an estate sale for about a third of that ... so I asked if he buys as well as sells. "Of course," he said, and told me it's one-to-one with trade. (My best guy is 85% trade, 75% cash.) I removed my earrings, we struck a deal, and I walked away with a big smile and a (slightly) smaller allowance balance.
The next day, I couldn't stop thinking. I made time between tutorials ... went back for a quick hour with a jewelry bag filled with (cheap) bits from yard sales. He had a mostly empty display case (did I mention his prices were very fair?) but one new-since-yesterday piece held me mesmerized and ... we dickered (but not hard - see "poker face" in dictionary and not find me) and ... okay, I am the proud new owner of a
perfect gold-and-enamel butterfly ... and somehow I came out ahead.
Huh. I gave him things I don't like any more, things I can't, won't, or just don't wear ... I got a
perfect pin, and
change. Change!
What a racket!
Acid Trip, who's been hunting with me every weekend, pointed out over a hot pretzel that I
still paid his price (because I could've cashed in the gold) but I asked him (with arched brow): hey,
who's the math geek here? First, I actually got a 25% discount (see "my best guy" above), second I didn't like that stuff, and third ... hell, it's just not the same. If I pay 50 cents for something I could sell for 12 dollars, but I trade it for what I wanted to buy anyway and got 16 dollars off the price of the something I wanted ... then, as I see it, I still only spent 50 cents of my money!
It's not gambling, exactly, but Mama was right. I stuck with probability (finding) and skill (recognizing). I also kept my initial stake (the change cleared the first pin's overage
and covered what I'd originally paid for the trade goods).
And I not only had fun, I got things I love, things that were, essentially,
free.
Add to that my shining vision of a display ... a box-like terrarium filled with silk branches covered with bright, colorful (solid gold and sterling!) bugs ... it's a DragonBunny's dream.
By the way, the strangest thing happened next: after weeks of a nice find here, a decent one there, suddenly I was
swamped with bargains everywhere I went. The last ten days have been
ripe for picking - unmarked pieces priced as costume,
marked pieces that were priced at those TV gold-guy scrap values, dirty and broken pieces at the bottom of boxes! None in the five-pennyweights-for-a-dollar category (the first butterfly pin) but still
very good deals ... for
several hundred dollars in trade goods. And I'll need it since my new favorite vendor said he'd found some flowers recently ... in gold and enamel ... some with gemstones ...
Sigh, I can't
wait for Fall.