Around 15 years ago (when I was somewhere between 18-21) I went on a Caribbean cruise with my family. I’ve since been on several cruises, and one of my favorite aspects of a cruise is gambling in the Royal Caribbean casino.
Before I got into playing blackjack, I played double down video poker in the casino. As I recall, you could play between one and four quarters per hand. In the version I played, if you won a hand, you could choose to double down. The computer would show a card and you would select one of 4 face down cards to try and beat it. If you won, you doubled your winning and could choose to double down again or collect your winnings.
One evening during dinner, I wanted to try my luck in the casino. My family was still eating dinner, but I had an itch to gamble. I told them I was running to the restroom, but instead, I went to the casino. After a few minutes at the machine, I won a hand and doubled down. I won again. This continued for quite some time, until I walked away from the machine with hundreds of dollars in quarters.
When I returned to the dinner table, I was hunched over carrying several buckets filled with my quarter winnings. The story goes that my parents thought I was ill because I was hunched over carrying these buckets filled with quarters and I had been gone for much longer than a standard trip to the restroom. I figured that had I not brought all of these quarters back with me, nobody would have believed the story.
Later that night, I tried my luck again and hit an even larger number than I had at dinner. After more than doubling the dinner winnings one one try, I attempted to double down again and lost. I still walked away from the machines way ahead after winning earlier in the evening.
This story doesn’t really relate to domain names, except for one thing. When negotiating with a prospective buyer, I am frequently trying my luck. I sometimes reject an offer hoping the buyer will come up with a larger offer. Sometimes a larger offer is made, and sometimes the buyer disappears. It’s a part of the domain business. The difference between negotiating on a domain sale and playing double down video poker is that even if the negotiation fails, I will still own a great domain name. With video poker, once a hand has gone bust, it’s all over.