[Stone Mountain]

When the casinos talk about losses, they are talking about net losses, not a subtotal of losses and wins. Otherwise, any kind of won/loss figure is completely menaingless. You don't really believe that even though he lost $8 million, it's possible that he only lost a net of half a million, do you?

[On the Road to Serfdom]

"When the casinos talk about losses, they are talking about net losses, not a subtotal of losses and wins. Otherwise, any kind of won/loss figure is completely menaingless. You don't really believe that even though he lost $8 million, it's possible that he only lost a net of half a million, do you?"

Yes, I think some of the reports migh be of total losses not net losses in order to trick the reader into believing a bigger amount without "technically lying". That is my point, that the figures quoted might be meaningless. I am not sure of this, I just suspect it.