Topic: Are you in profit? - page 2. (Read 839 times)

Yes that's right, the losses experienced by players tend to be greater than the winnings obtained. And you can be sure that it will also be difficult to get a win that is said to be "promising" like the advertisements that are widely posted on every gambling site, even though it is only an attractant for people to play on the site. Because casinos are also created to make money, not to double money after all if they get a profitable win it's just a bonus given by the casino to the players, and as you said the casino feels happy if the gamblers spend their money to continue gambling.
But is there really an accurate strategy to get a win?
As you said, "using strategies used by people who are successful in gambling". I thought gambling was just about luck, but if there really is an accurate strategy there shouldn't be many people who lose money in gambling. Maybe using the strategies used by successful people can minimize losses and can bring victory easily, but are those who are successful apart from the luck that brings them to success by gambling?


If they play with the aim of doubling their money, of course they will spend more money because of the losses they will always get than the wins they will get. If you are lucky, by betting a small amount you will get a big win, and vice versa, no matter how big the amount bet will not guarantee an easy win if you are not lucky, in the end you will still lose or run out.

It is true, they should stop when they get a win, so as not to experience greater losses, but unfortunately not all gamblers can do this, many of them follow their own emotions when playing so that they experience large or large losses.

Like most gamblers who can't give an answer about feeling rich in gambling games, I also experienced the same fate. Not everyone gambles not to make money, but there are some gamblers who hope to make money from gambling, even if it's small, even though in reality gambling doesn't really make money.

Gambling will not give players a great opportunity to frequently press the withdrawal button even though they have made a lot of deposits because the main aim of the gambling system is that they are always in a profitable position to be able to survive for years.
When I and other gamblers know the gambling system, why not stop gambling? the answer is that I and most people think that gambling will not give you wealth.

I don't really pay attention to whether my gambling activities are profitable or not, but from the calculations I did on my deposits and withdrawals I can say that it was a little profitable, so yeah I can say YES my gambling activities are profitable even though not too much. I don't know whether my luck is good or not, because the type of game I play is slots and there is no strategy whatsoever, I just play for entertainment and that's it, not to chase profit or anything, just pure entertainment.

Nobody can predict his profits in the gambling center, because it can come to today to win big in your betting but if you are not careful you can spend everything to gambling without going home with something which is the mind set of some gamblers in the community. Once I win big in my gambling at the moment, that is the end of gamble on that day until the following day before I will gamble again which it will allow me to have a good plan for the one I won to use the money wisely. If you are good in gambling you can last in some years in profits making but the amount of the profits will not remain the same like the way some people use to receive the same amount in their working place through out their living in that organization.

If we talk about long term, there are no winners in gambling, if we understand casino games as such. After so much time in the forum and visiting this section I see that there are a lot of people who do not understand such simple concepts as House Edge or Expected Value. In casino games you can come out a winner one session, or several, winner in the short term, but the bigger the sample, the more times you play, the loss of money with respect to the money wagered becomes inexorable.

I am in long term profit but because I mainly play poker and there is no House Edge. On the other hand, I can make plays with positive expected value.

The percentage of winners in gambling is lower than those who lose, you may be one of the people who are unlucky in gambling, including me and several other people who have commented here. This scheme has always been and always will be like this because this is how the casino maintains its business. Imagine if the number of people who win is greater than those who lose, how the casino pays its employees' salaries, taxes, electricity and other accommodation costs.

We always hear or even pass by people who have just won big wins, this incident is only a small part compared to those who lose. lucky and unlucky can approach anyone in gambling, sometimes you feel curious about a big win so you want to keep playing even though the chance is very small.

Even tho after winning big we sometimes do bet again and hope to win another big amount again.  Tho I actually see people profit from user stat in bitvest but I dont know for how long this gonna last

In fact, gambling provides more losses than profits, and we must also be prepared to lose money in gambling if we participate in this activity.
The more often you gamble, the more often you experience losses. It is impossible for the casino to provide a profit if the gambler carries out the activity too often. In fact, the casino feels happy for the gambler to spend his money to continue gambling. doing it once in a while will bring you closer to profits if you can use it by using the skills you have or using strategies used by people's who are successfull in gambling.


yes, that's why gambling games are called games of chance, not necessarily those who gamble continuously can get lucky because the level of winning is obtained randomly. We must have heard of someone who won a large gambling amount even though they bet a small amount so we can judge that gambling does not necessarily give us hope of winning even though we have spent a lot of money gambling.

Your attitude of immediately stopping after winning, whatever the result, is indeed the correct attitude and should be done by other gamblers so that you don't lose back the money you have earned in gambling and don't get too carried away when you win, control yourself so you don't continue gambling. .

That's right, those gamblers who say that they often win probably either have a gambling addiction or they often gamble too. Then we should also be ready when gambling; we can't just hang around and watch. We must have dedicated money to play games here at the casino we will enter online.

I rarely play gambling, so I rarely win, but even if I play only once, there are times when I win immediately at the casino. I play online, and then I win around 20–30 dollars. I immediately cashed out the money I won.

At least for me now, it's no use calculating profits and losses. Let me tell you a little about my experience, if I calculate how much I lost due to gambling, especially in the past. I don't know how much money I spent at the gambling table, it's definitely not a small amount. Well, now the question actually contradicts the title of this thread. Do I have to calculate past losses even if they happened a decade ago? and now, I am involved in crypto casino gambling. Long story short, before I didn't have a greater understanding of gambling, what responsibility was and what self-control was. The point is, I act as I please to carry out gambling sessions. as a result, do I make a profit? It's clear, the answer is not at all.

Now, I am involved in the world of crypto casinos. however, after going through various processes, experiences and so on. I have a slightly more extensive understanding of gambling itself, which brings responsibility along with self-control. Apart from that, the importance of knowledge for me. especially sports gambling. I have to know the various aspects related to it, as well as other variables. why, the answer is simple, which gambler wants to always lose in his gambling, 99% will answer no. Therefore, what should we do so as not to experience defeat? knowledge and science are needed, so that we can think as we should. then the question is, do you make a profit? refer to this thread. The answer is very varied, depending on how we think. If we sum it up as a whole, almost most will answer no. then, why still gamble?, if it's really detrimental.

For me it's simple, yesterday is the past, today is what we live, tomorrow is a mystery. Likewise with gambling, we cannot predict when we will get a profit, let alone a jackpot. Today I lost, tomorrow maybe not. This hour I win, the next minute nothing is certain. The point is, it depends on how we treat gambling itself. if you lose, you should stop. because it's no longer fun. On the other hand, if we win, there is still tomorrow, we can have fun with it. So, I don't need to calculate profit and loss for now, let alone question whether I made a profit. the answer, not certain and not important for most people, is as simple as that.

Anyway, everyone has their own way of thinking and opinions. what I say, not necessarily people will agree.

I am very much in the Red area when it comes to my overall profitability in gambling, and I will be completely damned to say otherwise.

Though I've learnt to consider this not a big problem actually, since overall, my loses in gambling have not affected my finances in any notable or noticeable way, I try as much as possible to only play gambling with an amount of money I know I can comfortably lose, and this 99 percent of the time always involves very tiny amounts of money like between $0.5 cents to $10, and sometimes, I only lose this amount once or twice in a week, or at most, 3 times.

So, even if I haven't made any profit in gambling generally, my loses doe not have any noticeable negative impact or effects on my finances.

One thing we must know is that Whomever that is ready to gamble should be more ready for loses because gambling is more Of losing one's money than making profits, let say if you gamble through out the year there is every possibility and likelihood that you would only win once or twice in a year this is based on if you are a regular gambler. But irregular gambler may not have that chances to win even single in a year because it's said the more you gamble the more closer one becomes to winning.

Simple men, If you are not rich yet then you are in loss. 

Seriously, It’s really hard to calculate your total profit/loss since you start gambling because you probably use different currencies that already change value a lot by the time you are playing.

But I’m sure you will remember your biggest lose and wins which you can use as reference to tally what’s your final output. This is what I’m doing to determine my current stats on gambling.

YES

This is because I dont gamble with the money, but I invest the money on the casino bankroll. Its like a savings account or a fixed deposit that you lock up and keep away from a year or so and when you are back you find yourself with a 10-20% profit. You could argue that one can do a 1.10x or a 1.20x on a casino and get the same in a couple of rolls, but again the second one carries a large risk on losing the money as well, which in bankroll investments on the long run does not have.

It takes patience and commitment to hold for long in order to do this but I have done this on many casinos and its worth it.

In general, I agree, but there are many exceptions - for example, someone who once won the jackpot and after that did not increase the size of his bet and the duration of the sessions. He can remain in the black for a very long time. And there are also professional bonus hunters, seekers of guaranteed bets, vulnerabilities, etc. They are also in the black, although this is a “special” type of gambling.


It seems to me that he meant that he was satisfied with a small loss of money for the pleasure he received. A typical situation is when both the buyer and the seller believe that they have made a good deal.

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It is better that way, easier for you not to know whether you are in the red or green. So there will be no reason for you to chase losses or feel pressured to get more wins over the casino. You sound like a responsible gambler so far, so I assume you try to focus in the fun and not on the  unrealized profits wlhich you could have had if you ",just continued to play*.
If you happened to have a detailed register of all your sessions (like some gamblers do) you would feel more need to play and take some of the money you loss back. It has been stated before that  the house always wins in the end and neither you and I are the exceptions to that rule

Keep it fun and let go those satoshis you wager.

We all know that gambling is a risky activity and it's not a reliable way to make money and even people who claim to be successful gamblers are actually just lucky and some of them may be using tricks or strategies that don't work in the long run. Despite that we are not gambling to become rich or make it a source of income, staying over eight months without a cent profit while you experienced consistent lose is very discouraging no matter the level of joy and fun you derived in playing gambling. When you are playing and you gain but the casino collect it back again is understandable and the fun will continue but using your own funds to keep playing despite the consistent unprofitable experience is not advisable and the only one option here to consider is to stop gambling altogether and focus on your financial goals.

Imho it is rather hard to calculate if I am in profit, because I barely remember my winnings, as I either gamble them, or withdraw and spent quickly and stupidly But I am, and I think a lot of here also, remember mostly their losses. I am trying to say, that we can be in profit, win often, but we remember clearly how we lost. I general I think I am in profit, but I dont know how much I am in +

There is no profit gain from gambling other than enjoying the moment while you lose a huge amount and win some. Because it is undeniable that in gambling we often lose rather than win, yet having a good experience will somehow give us a reason why we keep on gambling even if we lose more. If we assume that all gamblers are in profit, these casino operators will file for bankruptcy but they don't as they are into making money rather than letting these gambler wins more than what they can make.

If you ask people about their profitability after playing gambling games, you will barely see anyone saying that they have been gambling for a long time and are still profitable because that is not possible unless the person is extremely lucky and manages to get a big win before they have lost the amount they have won in the last big win they had and that's extremely rare. So, as expected, I'm at a loss and I don't keep a count for that because I don't gamble for money and just for fun.

Sports bettors who have experience and knowledge about specific sports can be profitable in the long run if they know how they should make their bets and how to manage the winning and losing odds along with their base bets so that they stay profitable in the long run. That's why sports betting is better than gambling games.