Lyric discussion by bibson 

I would say that the gambler unquestionably dies at the end of the song. Earlier in the song, it states, "And the best that you can hope for is to die in your sleep." The "ace" is found in the gambler's "final words" after he "broke even." I would say that there is virtually no question that he died. Please feel free to disagree if you feel otherwise.

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