yup, gambling is effectively a tax on stupidity.
You mean, the lottery is a tax on stupidity.
Gambling is part of life. You can't walk out your door without gambling that a satellite won't fall out of the sky and strike you on the head.
Seriously though, I like sports betting. My favorite bet to make is when two teams are fairly even matches, but the odds are very lopsided. Like the Super Bowl, the Cardinals were going to give the Steelers a good game. But the Steelers were a heavy favorite, cause... they are playing the Cardinals. It was easy money with the 6.5 point spread.
Point being, if someone bets you 3 to 1 that a coin will land on heads and you know your odds are 2 to 1. Then you take the bet. Its still gambling, but it is far from stupid. In sports gambling and all variety of casino games, the astute gambler can make it pay.
The one big exception to this is the lotto. (Though, at one point I believed the lotto was beatable. Then I found out that they switch out the balls regularly). Regardless, I find it especially puzzling that this is the only legal form of gambling in most states. Both the lotto and slots have a guaranteed percent on house odds. However, the lotto stands alone in that there is no way you can game it to your advantage. I have often said that the lotto is a tax on people who don't know math.
The moon is made of green cheese. -- John Heywood