An analogy in gambling. - page 3. | Bitcointalksearch.org

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Quote from: Orpichukwu on October 12, 2024, 04:53:33 PM

That disappointment always hits differently when the person puts too much hope on the result of the game and makes so many plans for something they have not yet received. When the game goes in the wrong direction, they always get disappointed. At least you are lucky that you realised yourself on time that that's not the way for one to follow up gambling.

Every gambler has felt that disappointed at some point when they were gambling and thought that their games were going to favour them but it did not. We say we should not plan for money that we have not received and only expecting but we can not help it at time to start thinking about things we are going to do with our wins when we get them. There is not pattern in gambling, you can bet with waging big and still lose and the same thing can happen when you bet small therefore we should only bet with money that we can lose. As gamblers we should learn to be okay with disappointment and not become too expecting that things will work exactly how we want them to work. Life is not fair therefore we should not be expecting to get a fair treatment all the time and gambling does not mind making us lose all our money.

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Quote from: Dr.Bitcoin_Strange on October 11, 2024, 10:58:00 AM

Well, I really use to feel disappointed when I first started gambling and then I just thought it's something you can put your mind to and become successful after winning too many bets but I got disappointed. First, gambling is not something anyone should handle as a source of income because they can feel disappointed in a game that they thought would go as predicted.

That disappointment always hits differently when the person puts too much hope on the result of the game and makes so many plans for something they have not yet received. When the game goes in the wrong direction, they always get disappointed. At least you are lucky that you realised yourself on time that that's not the way for one to follow up gambling.

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Quote from: carlfebz2 on October 10, 2024, 04:34:20 PM

...People mostly been that too positive about certain results or outcomes without even thinking that they are really indeed betting their money to earn
money and this is where desperation do kicks in.

The higher the expectation, the greater the disappointment) The casino is not the place where you go for a guaranteed profit, it is the place where players want to get their share of adrenaline. And if someone manages to get a profit besides adrenaline, this is the exception, not the rule.

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Quote from: Sandra_hakeem on June 16, 2024, 03:42:49 PM

Do you believe this analogy as to sport betting? that sometimes, casino bets with higher stakes are likely to not cut it? Considering the amount that a certain multiplier could reach?

I've known a certain group of gamblers that would sing their praises to games with lower potential winnings. At some point, I'm stuck in-between the fact that they're either lucky with games of little potential winnings and it happens on almost every winning tickets? Again, if you're also in doubt to their belief, is their winning tickets on the low outcome always a coincidence? Also, if the casinos are always cautious as to not incuring too much to pay, how about tickets with $800k winnings?

This may seem true because huge multipliers are rare and not always hit. We can say that casinos are programed in same way as sports betting in such a ways that the higher the odds, the more difficult it is to hit. If you are aiming for huge mutlpliere, it will just be like combining so many difficult options of sports betting with the hope of winning big odds. They are one and the same and I can say it is the general principle of gambling. I have even noticed that casinos gives big multiplier more easily than sports betting.

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Quote from: SamReomo on October 12, 2024, 12:56:53 PM

Yes, those who consider gambling as a source of income often get disappointed due to their own that belief. Gambling isn't a good source of income and especially for those who aren't lucky, it's not even a 1% source of income.

The ones with weak luck often end up losing everything in gambling instead of making money, and those are often the ones who get addicted to it later on in order to chase their losses.

There're some lucky ones who make some money in gambling but those are very few in number, rest of the players who consider it as a good source of income often get disappointed like you said.

Those who consider gambling as a source of income are actually from the lower middle class. there will be no rich people who make gambling a source of income. because they know luck will not always be on their side when betting.
allocating more money to gambling will never be good. we must know the tolerance limit of our own finances that we can bet. if within that limit we are lucky, maybe we will get more. but if you are not lucky, stop immediately and never think about depositing more.

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Quote from: Dr.Bitcoin_Strange on October 11, 2024, 10:58:00 AM

First, gambling is not something anyone should handle as a source of income because they can feel disappointed in a game that they thought would go as predicted.

Yes, those who consider gambling as a source of income often get disappointed due to their own that belief. Gambling isn't a good source of income and especially for those who aren't lucky, it's not even a 1% source of income.

The ones with weak luck often end up losing everything in gambling instead of making money, and those are often the ones who get addicted to it later on in order to chase their losses.

There're some lucky ones who make some money in gambling but those are very few in number, rest of the players who consider it as a good source of income often get disappointed like you said.

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Quote from: LUCKMCFLY on October 11, 2024, 04:42:05 PM

Quote from: Fredomago on October 10, 2024, 04:45:12 PM

You need to be precise and always focus, as dealing with gambling is a game of opportunities and luck, playing your cards well and managing your bankroll will help a lot to enjoy and earn some benefits.

That is what is really needed, for me the balance is very important, the money, the more control we have over the money I think we will have total control of everything , of the Emotions of the things that make us lose, some focus on the fact that they can control the emotions, I don't, I go for the simpler side, when you control money you control Emotions , and when that happens is when what you say happens, the money can Arrive and if the money doesn't arrive you have a good time , in the end that is What you should always look for.

You need to have that sense of responsibility, instead of chasing better to treat it as part of your allocated budget for your entertainment, as we know that the risk inside gambling is high, using spare money and having that good control over your emotion will allow you to fill that entertainment though sometimes you might earn decently, but if luck did not permits you just always remember that chasing loses will ruined your finances, just move forward and forget about depositing more.

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Quote from: Fredomago on October 10, 2024, 04:45:12 PM

You need to be precise and always focus, as dealing with gambling is a game of opportunities and luck, playing your cards well and managing your bankroll will help a lot to enjoy and earn some benefits.

That is what is really needed, for me the balance is very important, the money, the more control we have over the money I think we will have total control of everything , of the Emotions of the things that make us lose, some focus on the fact that they can control the emotions, I don't, I go for the simpler side, when you control money you control Emotions , and when that happens is when what you say happens, the money can Arrive and if the money doesn't arrive you have a good time , in the end that is What you should always look for.

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Quote from: Awaklara on October 11, 2024, 09:40:48 AM

Quote from: Akbarkoe on October 11, 2024, 09:34:07 AM

The average person's thinking must be different either to fulfill his ambition or fulfill his needs, including in gambling, the person's thinking will be different, and they will argue as if they need fun but the fact remains that they still feel high anger when they lose, because the orientation of pleasure is in the big win not in the game, this is often encountered and such people are easier to fall into addiction.
People who combine their minds often talk about profit and loss in nominal terms.

what you said is true. gamblers sometimes say that they have fun with gambling. but when they lose they feel very frustrated and angry. they only have fun with the winnings they get, not happy because of the game being played.
I think there are more gamblers in that understanding. not many can think well whether they gamble for real fun. or with the aim of fulfilling their ambition to win some bets.

We are just humans and it is really that normal that we would really be coming up with that kind of emotion on which on the moment or time that you do find yourself on a losing situation then its normal
that we would really be having these kind of reactions on which those fun seeking things will really be that ending up on becoming that impulsive on which this is the time that you will really be chasing up your loses and would really be ending up yourself having those kind of intentions that you would really be that definitely be trying out to make money with gambling or winning up bets.
We are all wary about into the actions that we are taking but there would really be those conditions on which we would really be that becoming impulsive and delusional.

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Quote from: carlfebz2 on October 10, 2024, 04:34:20 PM

This is why its really that always best that you should really be that not expecting or anticipating too much so that it wont really be bringing out that kind of disappointment on the time or moment
that it would really be ending up on a lost bet. People mostly been that too positive about certain results or outcomes without even thinking that they are really indeed betting their money to earn
money and this is where desperation do kicks in.

Well, I really use to feel disappointed when I first started gambling and then I just thought it's something you can put your mind to and because successful after winning too many bets but I got disappointed. First, gambling is not something anyone should handle as a source of income because they can feel disappointed in a game that they thought would go as predicted.

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Quote from: Akbarkoe on October 11, 2024, 09:34:07 AM

The average person's thinking must be different either to fulfill his ambition or fulfill his needs, including in gambling, the person's thinking will be different, and they will argue as if they need fun but the fact remains that they still feel high anger when they lose, because the orientation of pleasure is in the big win not in the game, this is often encountered and such people are easier to fall into addiction.
People who combine their minds often talk about profit and loss in nominal terms.

what you said is true. gamblers sometimes say that they have fun with gambling. but when they lose they feel very frustrated and angry. they only have fun with the winnings they get, not happy because of the game being played.
I think there are more gamblers in that understanding. not many can think well whether they gamble for real fun. or with the aim of fulfilling their ambition to win some bets.

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Quote from: Fredomago on October 11, 2024, 07:14:24 AM

Quote from: SmartGold01 on October 10, 2024, 05:04:23 PM

Gambling in reality doesn't need much seriousness or much attention it just a thing of doing when you have free time and also while watching match or games you need not to be that mean with the game because the results are not certain, so what you do is to spare some cash that you can use to gamble, not necessarily mean you must bet with a high odds games but just within the odds you think is not that big to easily lose them when you gambling. That is why it always looks like small odds happens to have easy winning probability than big odds.

A positive type of thinking as treating gambling as source of enjoyment and not a source of income, if you can spare extra money and allow yourself to move forward whatever the results of your bets will allow you not to fall to any addiction, meaning to say that if you have that kind of view you are just into entertaiment and not taking it as a serious venue to make money.

The average person's thinking must be different either to fulfill his ambition or fulfill his needs, including in gambling, the person's thinking will be different, and they will argue as if they need fun but the fact remains that they still feel high anger when they lose, because the orientation of pleasure is in the big win not in the game, this is often encountered and such people are easier to fall into addiction.
People who combine their minds often talk about profit and loss in nominal terms.

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Quote from: Fredomago on October 11, 2024, 07:14:24 AM

Quote from: SmartGold01 on October 10, 2024, 05:04:23 PM

Quote from: Orpichukwu on October 09, 2024, 05:14:57 PM

Quote from: Blowon on October 08, 2024, 03:45:39 PM

I think it's just poison in our own minds, just propaganda and everything has its own risks, both high and low, we are just looking for luck and if possible also looking for profit, and everyone also has different choices.

It could be poison in the person's mind; it could also be reality in some cases, as big winnings most of the time don't always happen the way we expect them, and when you try to place bets on small odd games that will give small winnings, they always end up positive, but not in all cases, which makes one wonder if the casino does play with our intelligence or if it's just us wondering.

Gambling in reality doesn't need much seriousness or much attention it just a thing of doing when you have free time and also while watching match or games you need not to be that mean with the game because the results are not certain, so what you do is to spare some cash that you can use to gamble, not necessarily mean you must bet with a high odds games but just within the odds you think is not that big to easily lose them when you gambling. That is why it always looks like small odds happens to have easy winning probability than big odds.

A positive type of thinking as treating gambling as source of enjoyment and not a source of income, if you can spare extra money and allow yourself to move forward whatever the results of your bets will allow you not to fall to any addiction, meaning to say that if you have that kind of view you are just into entertaiment and not taking it as a serious venue to make money.

When one doesnt take something serous, there won't be any need or pressure on the person to care so much about that thing or give it an undivided attention.
Many today profess gambling for fun but in reality, looking at how they go about gambling, looking that the time the spend analyzing games trying to find the best possible hit that will atleast, give them a good winning Chance, looking at how angry and or disappointed they appear to be each time they lose a game, we can for sure tell that they take gambling more serious than they profess, and this seriousness simply means that they need to make money from...

Anyways, the thing is, whether one take gambling as a means of making money or not isn't really bad if you ask me, but the major thing is that, such one should flaunt or go against the gambling rules, which like we all know that, doing so may lead to some bad gambling experiences.

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Quote from: Stablexcoin on October 09, 2024, 04:54:00 PM

Quote from: Adbitco on October 08, 2024, 11:16:27 AM

Quote from: Russlenat on June 16, 2024, 05:12:03 PM

Big odds with big payout, mathematically, the percentage of winning on our side is lower, so it will hit 50% most of the time. In terms of payouts, that depends on the sportsbook as they set their own limit, but those huge sportsbook could accept a million dollar bet, but as mentioned, they'll balance the action so their funds will not be affected and will just get the juice from the winning bets.

Don't you think most of the sportsbook do have a kind of reserved funds in their balance maybe when there are higher winning rate in the site with same game or same matches, and how do we calculates the total numbers of person's to win in the casino/gambling site per day or week and month. This mostly happens to newly start up site and is either they set limit of the total amount to bet or they set limits on total amount you can be able to withdraw from their site, if they noticed that users are declining they would removed the limits and implements strict kyc that could be more difficult for gamblers to make withdraw in other to maintain the range at which one will withdraw from their site.

Sure before any casino startups they must have enough reserve funds known as capital which is compulsory by the financial authority in their religion. Just like any monetary organization, there is always an amount that the company needs to hold before it can be granted a license to operate. In terms of how they calculate the total number of persons who win in the casino per day, weekly, or monthly. Its is been automated. That is the role of the backend developer, to write codes that keep statistics of everything going on in the site. There is a separate admin panel where only the platform admin has access to what happens in the casino. These allows the platform to control activities, deleted users, accept kyc and other backend permissions that the platform needs to do.

Well, this has also given concerned to other discussion because, if casino owner can have to right to control whom to win then they are not fair enough to play, because some people who hit luck the casino are just within the amount or range and frequency of not limited to win, maybe if the maximum number is reach then they wouldn't permit such person to hit their fortune so easily. This is one thing that mostly stir my interest to sport betting as it's hard to be manipulate or compromised their winning because globally they are watching same match in other places so the need to compromise would be very slime.

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Quote from: SmartGold01 on October 10, 2024, 05:04:23 PM

Quote from: Orpichukwu on October 09, 2024, 05:14:57 PM

Quote from: Blowon on October 08, 2024, 03:45:39 PM

I think it's just poison in our own minds, just propaganda and everything has its own risks, both high and low, we are just looking for luck and if possible also looking for profit, and everyone also has different choices.

It could be poison in the person's mind; it could also be reality in some cases, as big winnings most of the time don't always happen the way we expect them, and when you try to place bets on small odd games that will give small winnings, they always end up positive, but not in all cases, which makes one wonder if the casino does play with our intelligence or if it's just us wondering.

Gambling in reality doesn't need much seriousness or much attention it just a thing of doing when you have free time and also while watching match or games you need not to be that mean with the game because the results are not certain, so what you do is to spare some cash that you can use to gamble, not necessarily mean you must bet with a high odds games but just within the odds you think is not that big to easily lose them when you gambling. That is why it always looks like small odds happens to have easy winning probability than big odds.

A positive type of thinking as treating gambling as source of enjoyment and not a source of income, if you can spare extra money and allow yourself to move forward whatever the results of your bets will allow you not to fall to any addiction, meaning to say that if you have that kind of view you are just into entertaiment and not taking it as a serious venue to make money.

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Quote from: EarnOnVictor on October 11, 2024, 05:48:26 AM

I must say that I don't fully understand you and this is evident with the different replies people have given so far, they are not just coherent, which means they do not understand you as well.

With my little understanding, I suppose you mean making a single bet which is independent of another game(s) rather than combining the bets due to the greed of the multiplier? If this is the case, I go for low-risk betting any time, any day and the size of my wagering can't alter this. Anyone may gamble the way they like but the fact will always remain that the more the dependency of your games to each other, the higher the risk you are taking.

I'm not sure if I understood correctly what the OP wanted to say, but he probably meant that betting on small limits or with a small bet more often brings a win. But if you make big bets, then the probability of winning seems to change to the downside. If the OP is talking about this, then the casino has a percentage of return in each game and in each slot machine. I think this percentage of return does not change because the gambling establishment already knows that it will be in the plus and will not deceive its customers. There is no point in losing reputation because of this, although perhaps little-known casinos can do various tricks away from controlling eyes.

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Quote from: Sandra_hakeem on June 16, 2024, 03:42:49 PM

At some point, I'm stuck in-between the fact that they're either lucky with games of little potential winnings and it happens on almost every winning tickets?

I doubt it happens on almost every tickets, because there is very little chances such bets end in positive results for the gamblers, considering the low winning chances involved. The point is that these gamblers are wealthy ones who have a lot of money to waste gambling. If they lose a large bet, they don't care at all, because they have an abundant source of income which is enough to maintain their gambling activity sustainable along continuous gambling sessions.

Or, there is also another possibility. Maybe the large successful bets on underdogs you mentioned are fake bets by the house to boost their numbers and encourage gamblers in general to pursue the same high multiplier when placing their bets. This strategy leads people into the false belief that it's easy to achieve something when they see another person doing it with success.

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Quote from: bubilas on October 10, 2024, 01:53:14 AM

And this is the right approach, which is good not only in betting or gambling, but is good absolutely everywhere. Of course, it is always very unusual to see how underdogs win.
After all, at the moment when the match has not yet started, we see the odds and we see that before that one team was always stronger than the other. And because of all this, the decision seems obvious. But then it turns out that the favorites are in bad shape, or the underdogs have become stronger. Therefore, we cannot allow the psychological influence of the bet sizes on our opinion.

As I said above, the same concept that helps me in investing - deversification. Instead of betting on one match, the results of which I have no doubts, I bet on several similar matches and only on favorites with small odds. Even if several matches do not end in my favor, I do not lose all the money. Of course, the probability of getting rich through this is not high, but the risks are not so high.

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Quote from: madnessteat on October 09, 2024, 05:53:27 AM

Quote from: Adbitco on October 08, 2024, 11:16:27 AM

Quote from: Russlenat on June 16, 2024, 05:12:03 PM

Big odds with big payout, mathematically, the percentage of winning on our side is lower, so it will hit 50% most of the time. In terms of payouts, that depends on the sportsbook as they set their own limit, but those huge sportsbook could accept a million dollar bet, but as mentioned, they'll balance the action so their funds will not be affected and will just get the juice from the winning bets.

Don't you think most of the sportsbook do have a kind of reserved funds in their balance maybe when there are higher winning rate in the site with same game or same matches, and how do we calculates the total numbers of person's to win in the casino/gambling site per day or week and month. This mostly happens to newly start up site and is either they set limit of the total amount to bet or they set limits on total amount you can be able to withdraw from their site, if they noticed that users are declining they would removed the limits and implements strict kyc that could be more difficult for gamblers to make withdraw in other to maintain the range at which one will withdraw from their site.

The bookmaker business like all gambling is a zero sum game so all their odds are distributed in such a way that they cannot lose more money than will be bet. In addition, the system is set up in such a way that the bookmaker takes a margin from each bet which can also go to cover bettor winnings. You can beat the bookmaker, but most bettors will still lose. And of course there is no escape from limits for too lucky bettors.

I think there are still some sets of restrictions and limitations, even though they are distributed equally to balance the overall winning from bettors, but to me it's still not definable because since not all start up casino do have that finance to finance the entire winning that would emanate from gamblers which there are several sequence or some sequential winning at which would reck the gambling site, at this point they do limits and stands within their bands of dispensationally funds.

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I must say that I don't fully understand you and this is evident with the different replies people have given so far, they are not just coherent, which means they do not understand you as well.

With my little understanding, I suppose you mean making a single bet which is independent of another game(s) rather than combining the bets due to the greed of the multiplier? If this is the case, I go for low-risk betting any time, any day and the size of my wagering can't alter this. Anyone may gamble the way they like but the fact will always remain that the more the dependency of your games to each other, the higher the risk you are taking.

Topic: An analogy in gambling. - page 3. (Read 959 times)