Whether mystic or transparent, all these methods present more or less
the same dangers, being all founded on the quicksands of equilibrium
and temporary disturbance. If they are very cautious, the loss is
trifling, but the gain is still smaller; if they are bold, the gain is
great, but the loss is two or three times greater. The best of them,
in order to continue the defence of a moderate stake and of what has
already been sacrificed, involve the risking on the cloth, at a given
moment, of all the previous winnings, which are soon followed by the
sums held in reserve. This is the inevitable revenge of the bank, at
which you thought that you were nibbling with impunity, but which
suddenly opens wide its jaws, like a blind and drowsy crocodile, and
swallows profits and capital at a single gulp.
9
The players hearten themselves by maintaining that they have an
incontestable advantage over the bank. They begin to play, they “punt”
when they like and as they like and they withdraw when they please,
whereas the bank is compelled to play without stopping, to accept every
stake and to meet every _coup_ up to the limit of the maximum, which,
as we know, is six thousand francs on the even chances. This advantage
is a real one if the player, after winning a big sum, goes away and
does not come back again. But the lucky gambler, even more infallibly
than the one who has no luck, will return to the enchanted table and
in so doing loses the only elective weapon that he had against his
enemy. To choose your time for punting is but an illusory privilege,
because everything, at any moment, is equally shifting and uncertain;
and you never know beforehand when the precarious and deceptive law of
equilibrium will reassert itself. After a long sequence of blacks, you
wager on a fine series of reds, a certain run, you would say; but no
sooner have you staked your money than the series gives up the ghost
and remorseless black resumes its devastating course; or else you do
the opposite: you bet on black and it is red that settles down for a
run. At whatever moment you start punting, you are always fighting
red against black, that is to say, one to one. Once more, the only
real advantage is that you can go away when you like; but where is the
gambler, whether losing or winning, who is able to go away and not come
back?
10
Public-domain text, read in full here on John Shaqi.
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