Plenty of people have left Vegas broken after a huge gamble, perhaps a smaller number as clear-cut winners. After the Republican debate, did any of the candidates lose their shirt?
Remember, at the moment, this contest isn't about breaking the bank; it's about earning more chips. It's about coming second.
I've just read a fascinating book about one of the big issues in America which divides the US and most puzzles us British: America's gun laws.
Gun Fight by Professor Adam Winkler (full disclosure: a freebie) is intriguing in these partisan times, both because it is a very balanced, objective book and because the author makes the case for a middle way.
America feels a gloomier place today than when I arrived two years ago.
It is not hard to work out why. Most, including the president and the White House, expected people would be feeling the effects of the recovery by now.
The young men, smart in their uniform of khaki trousers, dark blazer and red ties, are hurrying to their next class. Teachers here hope they are leading a charge, out of the ghetto and into good jobs.
This is Urban Prep, a charter school in inner-city Chicago, which revels in its nickname: "Hogwarts in the Hood". It's deliberately modelled on an English public school.
Sarah Palin's decision will have disappointed some.
Not the American people who clearly didn't like her as John McCain's running mate in 2008. Not Republicans: 72% of party supporters did not want her to run.
President Obama has declared himself the underdog (albeit one with a vision) and indeed a majority (55%) of Americans think he'll lose the next election. But if he does lose, it won't be to New Jersey Governor Chris Christie.
Mr Christie has done himself no harm at all by declaring, with some passion, that he's not going to stand as president, that "now is not my time".
He's a big man for a big job, according to a leading conservative pundit.
But the Republican clamour for Chris Christie to throw his hat into the presidential ring says more about the stature of the current candidates than the political heft of the New Jersey governor.
I meet Jesse Jackson in the auditorium of his offices, a converted synagogue. It is an impressive building with sweeping pews and huge stained glass windows.
He's rather stately, too: a Chicago institution still trying to stir things up, still a radical.
I'm humming Elvis Costello's (The Angels Wanna Wear My) Red Shoes as I watch the latest congressional carry-on.
Political reporters, by their very nature, enjoy politics, like its cut and thrust, and above all the rows and arguments that are the lifeblood of any democracy.
When the dramatic becomes wearisomely familiar, maybe it is time to panic.
With the IMF meeting in Washington we again have a parade of world leaders issuing dire warnings about the state of the economy. Again, they exhort their colleagues to take firm political action, to prevent what is already bad from getting worse.
You might think President Obama has enough on his plate without worrying about the European crisis. But you'd be wrong.
The White House may not really care too much about the fate of the euro itself, but it does care about European banks and the sense of impending economic doom.
Maybe we have a new political rule: never photograph yourself in underpants lest it leads to the questioning of your leaders' foreign policy. Maybe not.
Still, the Democrats got a thumping in the New York by-election in the seat left vacant when Congressman Anthony Weiner resigned after THAT photo went viral.
In his speech to Congress the other day, President Obama sounded like an old-time preacher with his thumping refrain "pass this bill". Today, in Ohio, his call got a response.
Covered British politics from the fall of Thatcher to Blairs last election victory as political correspondent, Newsnight Political editor, BBC Chief Political Correspondent and diarist for This Week.
The BBCs first Europe editor covering the impact of EU laws on people in and beyond the European Unions 27 countries, from illegal immigration to Poland to environmental change in Spain.
Grew up in Surrey, educated at Kent University in Canterbury, worked in commercial radio on Teesside Leeds and London before joining the BBC.
More correspondents
Katty KayWashington Correspondent, BBC World News America
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