Are you in profit? - page 4. | Bitcointalksearch.org

RockBell

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Underestimate- nothing

Quote from: SUPERSAIAN on November 19, 2023, 10:32:01 AM

I don't think most of the gamblers win, and I don't believe every person who says they win, and they don't have to convince me, but if they really win, it means they are very lucky. The purpose of casinos is to keep you online more and make you make mistakes. This is really hard to fight.

Finally, when I look at it from my perspective, I'm probably not making a profit, I've generally made a loss from the games I play, but I don't see this as a problem since I'm not gambling with the money I need and I'm just playing for fun.

I see it as money spent or lost only for entertainment purposes, so there is no problem, and when I earn money from time to time, it gives me extra pleasure.

A lot of gamblers don't win but believe that they will win someday, and that belief has turned a lot of them into addicts. once another person wins it will now look as if they have been motivated to bet more, if they continue like that then where is the strategy then, gambling needs strategy because I read a post of someone winning using mathematics, and I noticed that is not always about luck but it also involves skill in a way. even people who win are not always, they also record losses but will not want to disclose that, they always want to flaunt their winning. but bro let's tell the truth even if it is for fun we all have our eyes on that money, out of fun money is still involved just that it should not cross its limit.

Unbunplease

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Profit in gambling is a stretch. If a player has started a lucky streak, he will bet and bet until the luck runs out. Therefore, if there is no deterrent or limiting factor, then we can not talk about profit, unfortunately

Gozie51

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Quote from: ajiz138 on November 19, 2023, 09:51:12 AM

Quote from: Gozie51 on November 19, 2023, 09:46:02 AM

So with your experience, you are not the only one in losses but I will not continue for straight months without taking a break and probably coming back.

I'm one of those who lost money in gambling, isn't this a normal thing that we know?
So some people will experience more losses than wins so there is no need to worry about experiencing it because we will all experience this.

I myself never play continuously so this will damage the bankroll quickly, so come when you want fun and prepare the money that will be lost to play in the casino.

Yes usually when you play responsibly you won't have to complain when you lose because it won't be a serious lose that you will have as you can easily wake away and cut your loses. But the problem with gambling is when you don't have control of your emotion then you want to continue chasing and chasing but the casino can't give you the winning because you are chasing, you only making them have more money from you. So to that a break is the way to restart again and you may be lucky with renewed luck.

erep

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Quote from: junder on November 19, 2023, 01:13:03 PM

Yes, that's good advice, basically if we've won it's better to secure the money and enjoy the winnings for other things, it's better because anyway all you want is victory, right? Therefore it is better to go to enjoy it immediately than to continue your gambling based on greed for bigger wins, you must understand that this is gambling where the final result is always unpredictable and maybe you also already know that usually what often happens is defeat. On the other hand, in my opinion, a real win is a win that you can enjoy, and always set limits because that's the only thing that can help you.

I always apply positive things in every gambling win, withdraw profits and leave gambling to enjoy daily winnings, when you have withdrawn funds then that is the real profit you get from betting, the opinion of other gamblers says never follow greed to chase bigger profits if you don't want to completely lose the winnings you have obtained.

I haven't calculated my accumulated gambling history, but according to estimates I haven't gotten high profits from gambling, because I target low profits from daily bets and some bets also experience losses, but I minimize losses by only using half of the daily fund limit for gambling.

temple

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Quote from: decodx on November 19, 2023, 02:49:00 PM

Quote from: temple on November 19, 2023, 08:26:07 AM

...

I'd say it depends more on the platform and why they're on it in the first place. On YouTube and Twitch for example, you get a ton of streamers bragging about their supposed big wins on gambling sites. But really they just want more followers and clicks on their affiliate links.

Whereas on forums and review websites, there are way more losers sharing their stories. Thats 'cause those places don't let you post referral links and the motivations are different - people are just venting their frustrations or trying to damage the casino's reputation.

It all comes down to the environment and intentions, I reckon. Many folks exploit gamblers for popularity and money.

That makes sense. In a discussion forum sharing about your losses and how they happened also makes sense when somebody comes up with this one "bullet-proof" strategy and you know it doesn't work and in a best case scenario you have a counter example. One of those examples is when people roll the dice and they think that it is impossible that "High" or "Low" comes like 20 times in a row. So many people tried this with doubling stakes and then go again, but the bank always wins due to the spread. But yes, all good points that you brought up here and the incentives and environments are the main drivers for people to either share their good or bad experiences.

Issa56

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Quote from: cafter on November 18, 2023, 11:15:55 AM

I have noticed some individuals claiming to be successful in gambling.
but, my personal experience with online gambling platform over the past 8 months has been consistently unprofitable
I haven't broken even or made any gains.

Most gamblers are always in red, just a few gamblers are constantly making profits in gambling, the rest are always losing. When you see some gamblers that do claim they are successful in gambling, most of them don't really make much money from it, but they keep on hiding it and making people feel they are successful. I am a gambler, and I know the amount I have lost is more than the amount I have won, but it's not affecting me in any way. At least I am getting the fun I need at a particular time, and I know the amount I am gambling with is not really what will affect me after losing.

Quote from: cafter on November 18, 2023, 11:15:55 AM

write in this format:

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[color=green]YES[/color] [color=red]NO[/color]

Why give a format that people will use to post? Its gambling section, and I am sure no one will follow the format that you gave them. If you want people to follow the format, then make the thread a self-moderated one in which you should delete any post that didn't follow the format, and I don't think it's of any use following the format that you recommended people to follow.

decodx

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Quote from: temple on November 19, 2023, 08:26:07 AM

This is the opposite for me and that is not only online, but also in real life that people brag about their winnings while never mentioning their losses. I am really puzzled now that this is different for you guys? How is that possible because everyone I know would agree that most people hide their losses or make them smaller as they are, but when they win big there is this one huge story to be told and how this 20 multi-way bet was successful and bla bla.

I'd say it depends more on the platform and why they're on it in the first place. On YouTube and Twitch for example, you get a ton of streamers bragging about their supposed big wins on gambling sites. But really they just want more followers and clicks on their affiliate links.

Whereas on forums and review websites, there are way more losers sharing their stories. Thats 'cause those places don't let you post referral links and the motivations are different - people are just venting their frustrations or trying to damage the casino's reputation.

It all comes down to the environment and intentions, I reckon. Many folks exploit gamblers for popularity and money.

summonerrk

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Quote from: cafter on November 18, 2023, 11:15:55 AM

I have noticed some individuals claiming to be successful in gambling.
but, my personal experience with online gambling platform over the past 8 months has been consistently unprofitable
I haven't broken even or made any gains. I'm curious if anyone in our community has actually achieved profitability through gambling. If yes, we can calculate that how much percentage of us are profitable.
I know most of the people pay to win and deposit to recover previous losses.

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I haven’t played slots or poker for several months, but Casino 500 sent me a coupon for a bonus deposit. I thought for a long time about what to play - in the end I chose slots, and after spinning several times with a bet of 2 bucks, I ended up with result minus 30 dollars. Then I switched to the “red or black” roulette and played for another minus 10 dollars, I missed the color twice. And I’m trying to find the positives in this: I didn’t have a positive winning experience, and I don’t want to play anymore. And in some ways this is good.

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Fortify

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Quote from: cafter on November 18, 2023, 11:15:55 AM

I have noticed some individuals claiming to be successful in gambling.
but, my personal experience with online gambling platform over the past 8 months has been consistently unprofitable
I haven't broken even or made any gains. I'm curious if anyone in our community has actually achieved profitability through gambling. If yes, we can calculate that how much percentage of us are profitable.
I know most of the people pay to win and deposit to recover previous losses.

write in this format:

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[color=green]YES[/color] [color=red]NO[/color]

Yup, however I'm primarily playing on fiat currency these days and only participate because they give free bets every day. I checked recently and am up roughly $700 over the lifetime of the account, just by being rather consistent. I also did matched betting a few years ago, when I was new to all the sportbooks and took advantage of many welcome offers. That would have netted me roughly $300 as well at the time for very little work involved. It takes quite a lot of discipline though and I can see how people can get sucked into the wrong side of gambling, where you end up chasing losses in a vicious downward spiral.

junder

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Quote from: Yatsan on November 19, 2023, 12:48:52 PM

If you’d be chasing profit day by day then expect nothing less than losing. Sometimes stopping the loss or setting a limit to oneself would generate profit. Imagine winning bigtime once and still betting huge the following days simply because of your drive of getting more than what you have won than to secure your win and let your chances do the gambling. The more you lose after a win, the bigger the drive you could have for that desire without knowing that your profit is slowly or if not quickly being consumed again, leaving you nothing but loss. Those who are now in profit are ones who know boundaries on their gambling activity. Acceptance of “it will not always be your day” is better than “You won once, you could win again”.

This is the mindset that exists in those who have the wrong view of gambling and also this is the cycle of addiction experienced by addicts, where there is absolutely no better choice they do, none other than because they cannot think logically and I think there is absolutely no consideration they do before deciding something. Therefore they always act out of control, basically a gambler who is addicted they can never reach the point of satisfaction in each gambling session, in fact when they win they will be greedy and when they lose they will be more curious, so there is absolutely no good choice that they have chosen in the condition of winning or losing.

Yes, that's good advice, basically if we've won it's better to secure the money and enjoy the winnings for other things, it's better because anyway all you want is victory, right? Therefore it is better to go to enjoy it immediately than to continue your gambling based on greed for bigger wins, you must understand that this is gambling where the final result is always unpredictable and maybe you also already know that usually what often happens is defeat. On the other hand, in my opinion, a real win is a win that you can enjoy, and always set limits because that's the only thing that can help you.

Crypt0Gore

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Trust me, even if you spend years in gambling there will always be time where you will question everything, that's gambling for you, and that's why I keep saying that it's not compulsory to gamble, when you have the money that you can afford to lose then you can gamble but losing is the most accurate thing in gambling.

I pity those who aims to make daily income from gambling, they won't know what will hit them hard, the moral lesson of this is that money can't be made easily, you need to exchange a demanding skill for you make money in return.

My gambling journey so far as been unprofitable, more like what you've experienced, but there are days where I get good rewards for gambling, and I just know that I haven't make enough to cover all the past money I've spent on gambling, I am less worried because I have been using what I can afford to lose.

Yatsan

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If you’d be chasing profit day by day then expect nothing less than losing. Sometimes stopping the loss or setting a limit to oneself would generate profit. Imagine winning bigtime once and still betting huge the following days simply because of your drive of getting more than what you have won than to secure your win and let your chances do the gambling. The more you lose after a win, the bigger the drive you could have for that desire without knowing that your profit is slowly or if not quickly being consumed again, leaving you nothing but loss. Those who are now in profit are ones who know boundaries on their gambling activity. Acceptance of “it will not always be your day” is better than “You won once, you could win again”.

SUPERSAIAN

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I don't think most of the gamblers win, and I don't believe every person who says they win, and they don't have to convince me, but if they really win, it means they are very lucky. The purpose of casinos is to keep you online more and make you make mistakes. This is really hard to fight.

Finally, when I look at it from my perspective, I'm probably not making a profit, I've generally made a loss from the games I play, but I don't see this as a problem since I'm not gambling with the money I need and I'm just playing for fun.

I see it as money spent or lost only for entertainment purposes, so there is no problem, and when I earn money from time to time, it gives me extra pleasure.

letteredhub

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Quote from: BitcoinPanther on November 18, 2023, 02:55:02 PM

@OP profitability in gambling is define by how they control their gambling session. How they are able to stop when they are winning and to be able to stop playing to cut their unlucky session.

So far I am still on break even, I could have been on a green if only I decided to stop when I am having a 3x to 4x win of my bankroll. But alas, greed sometimes dominate me so I keep on playing until my bankroll got depleted.

I believe most of us here are in negative especially those who are playing without time limitation.

It seem the first to quell losses or limit losses in gambling is to conquer our greed, to set and abide by a time limit we can only spend on gambling daily. It when we are out of control in this two factors that we fall into losses even after having winning session that we can leave with and be satisfied with for the day. But since there's no premeditated fix time limit we keep gambling till when we have nothing left to gamble with that's when we realize it's time to leave. How awful.

Quote from: BitcoinPanther on November 18, 2023, 02:55:02 PM

Quote from: letteredhub on November 18, 2023, 02:38:01 PM

Although the house has the hedge there are gamblers that might have broken even and had profitable gambling life except that his profitable sets of gamblers in gambling their number aren't significant compared to the losing number of gamblers in other words we have a greater number of non profitable gamblers to profitable ones. To bother oneself on which side of the radar you fall in can be daunting it is like keeping the records for losses and winnings - but the question is to what purpose when you can't choose what will happen next win or a loss.

As I stated profitability is dictated by the decision to stop when winning. Those who are able to win in gambling are those who are able to decide to quit the session and withdraw the winnings to come back again another day.

Yes, knowing when to stop and not parlaying with previous winnings in the prospect of doubling it increases our profitability margin.

YOSHIE

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Quote from: cafter on November 18, 2023, 11:15:55 AM

I'm curious if anyone in our community has actually achieved profitability through gambling. If yes, we can calculate that how much percentage of us are profitable.

As far as I know and from my experience in gambling, there are two factors that are often suggested and occur to some gambling players.
* Winning and losing/profit and loss.
These two factors often occur, whether he is a great bettor or an ordinary gambler, that is the true fact.

But I personally have never calculated what percentage of profits and losses I have had, in essence these two things have happened, Basically I gamble just to look for experience and fun, profit is not the main thing and losses are the same, because I gamble without using my pocket money.

ajiz138

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Quote from: Gozie51 on November 19, 2023, 09:46:02 AM

So with your experience, you are not the only one in losses but I will not continue for straight months without taking a break and probably coming back.

I'm one of those who lost money in gambling, isn't this a normal thing that we know?
So some people will experience more losses than wins so there is no need to worry about experiencing it because we will all experience this.

I myself never play continuously so this will damage the bankroll quickly, so come when you want fun and prepare the money that will be lost to play in the casino.

Solosanz

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NO

If someone say yes it means they're either not a regular gambler or they're lying, not a regular gambler is someone who gamble mostly when there's an interesting promotion or quit after making money, which is understandable and that's fine.

Quote from: GxSTxV on November 18, 2023, 03:13:05 PM

In conclusion, I don't feel that bad while gambling and losing while enjoying. So Yes again I'm in profit.

Dude, do you even understand what you're saying? you're talk like you're in lose, then suddenly say you're in profit lol.

Gozie51

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If more people who gamble confirms that they are in loss more than they are in profit then it is what it is. Gambling is basically to the profit of those who own the gambling houses or the casino. I don't know of a gambling house that has packed up especially offline or casinos who are not genuine but only wanted to scam people.

So with your experience, you are not the only one in losses but I will not continue for straight months without taking a break and probably coming back.

GigaBit

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I have been gambling for a long time and if I do the calculations, my losses will be high. But still I gamble because I enjoy it. Everyone comes to gambling for the profit and I am no exception but here I really enjoy the time between winning and losing. I think people who have high losses in gambling also enjoy it. Moreover, I don't think the number of people who are gambling and make profit their amount is not high because those who I ask about their profit, they express the same thing as me, that they also lose. But it cannot be said that it will be the same for everyone. There are many who have won jackpots or big lottery wins, they can definitely make profit but nothing can be said certainly.

coin-investor

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Quote from: cafter on November 18, 2023, 11:15:55 AM

I have noticed some individuals claiming to be successful in gambling.
but, my personal experience with online gambling platform over the past 8 months has been consistently unprofitable

You're not the only one I had a roller coaster ride in the past 3 months I won once and lost twice It has been going like this for the past three months since I am comfortable with my losses I do not have a hard time accepting my losses, it's just the way it was you have to take it and move on

Quote

I know most of the people pay to win and deposit to recover previous losses.

We cannot stop gamblers from thinking that, because every session is a chance to win and recover your losses, I am also guilty of this but there's no harm in hoping and trying as long as you are not harmed mentally in case you fail to recover your losses, we have to accept the results whether in our favor or not, that's gambling.

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Topic: Are you in profit? - page 4. (Read 976 times)