One morning an airline president is leaving on a business trip and finds he left some paperwork at his office. He runs into his office to get it and the night watchman stops him and says, "Sir, don't get on the plane. I had a dream last night that the plane would crash and everyone would die!"
The man takes his word and cancels his trip. Sure enough, the plane crashes and everyone dies. The next morning the man gives the watchman a $1,000 reward for saving his life and then fires him.
Why did he fire the watchman that saved his life?
Even though the odds are always in favor of the gambling house, why does the establishment insist on a house limit on stakes?
Every casino in the world would go bankrupt without a house limit on stakes. Without it, gamblers would keep doubling their stakes until they won. No matter how bad a losing streak they were on, they would eventually win. For more information, search: Martingale