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Norm MacDonald on Gambling Problems and Bad Decisions on 'Late Show' (VIDEO)

by Jason Hughes, posted Mar 31st 2011 3:31AM
Norm MacDonald, 'Late Show with David Letterman'Gambling addiction is a very real problem that afflicts many people in this country. It even can take hold of well-known personalities. Norm MacDonald revealed to David Letterman that he got into a bit of trouble with his own gambling on 'Late Show' (Weeknights, 11:35PM ET on CBS).

It might be more a matter of the tactics he used in deducing where to bet, though we're sure there are gamblers out there with stranger methods.

MacDonald's strategy in one situation was to follow the mafia guy with the attaché case full of $100,000 chips. The guy put $750,000 on a 4:1 underdog in a boxing match.

"I'll just bet on this 4:1 underdog," he decided at the time. "Because this guy must know something."

However, when watching the match later, things didn't work out as anticipated. "I watch the boxing match," he said. "And the guy -- my guy that I bet on -- gets knocked out in 25 seconds."

At least there wasn't a long drawn-out anguish to see if he'd win or lose. And when MacDonald followed up with his bookie to see why the mafia guy would bet on this, he learned it wasn't a mafia guy at all.

"That's old Longshot Louie," his bookie told him. "He's a rich guy who loves longshots."

And with that, MacDonald started to reconsider this whole gambling thing. It's great to have fun with if you've got millions of dollars to throw around, but can be quite serious when you're running much tighter in your accounts.

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