Do some gamblers actually win? - page 5.

TheAndy500

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Quote from: rexxarofmoknathal on April 13, 2020, 06:06:49 PM

Just like trading, most people lose because they don't understand what they are getting into. They don't understand odds and risk management, they don't understand that the odds are likely to be against them.

However, just because most lose, doesn't mean it can't be profitable. You just need to be aware that more likely than not, you're going to lose more than you win, or possibly even bankrupt yourself.

When it comes to games related only to luck and having a house edge, it is mathematically obvious that the longer someone plays, the more certain their loss is.
Only in games where, apart from luck, experience and knowledge that allow you to gain an advantage, can it be profitable.
That's why I think that in games related only to luck, such as, for example, slot machines or roulette, there is no possibility that they will be profitable over time. Games such as betting on sport or poker, along with growing experience and knowledge, can be profitable.

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Quote from: rexxarofmoknathal on April 13, 2020, 06:06:49 PM

Just like trading, most people lose because they don't understand what they are getting into. They don't understand odds and risk management, they don't understand that the odds are likely to be against them.

However, just because most lose, doesn't mean it can't be profitable. You just need to be aware that more likely than not, you're going to lose more than you win, or possibly even bankrupt yourself.

Don't forget that most of them become greed if they win, and that makes them play longer than usual. If they can know that enough is enough, I think they will have a chance to manage their money and their winning because they will see that they should get out from gambling after they got some money. However, not all gamblers can do that because every gambler will have their reason to play gambling. And when they can realize about controlling themselves, then they are the real winner in gambling.

rexxarofmoknathal

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Just like trading, most people lose because they don't understand what they are getting into. They don't understand odds and risk management, they don't understand that the odds are likely to be against them.

However, just because most lose, doesn't mean it can't be profitable. You just need to be aware that more likely than not, you're going to lose more than you win, or possibly even bankrupt yourself.

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Quote from: 3meek on April 13, 2020, 06:10:06 AM

Sports betting is very different from roulette or other slot machines... There are no statistics in the slot machines, and in sports betting there is... So luck is certainly necessary here, but it is not in the first place!

And Those mentioned are totally about Luck but sports betting is based in Knowledge and familiarity so the chance of winning is by skills more than luck.
so they are not comparable as i believe.

Actually, sometimes they're comparable... For example, football - you can know as much as you want about teams and statistics of personal meetings, even about the health of players... But the referee can show a red card and assign penalties... And all your calculations will be in vain! So luck still means a lot!

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Quote from: Debonaire217 on April 13, 2020, 09:05:53 AM

I think most of the people are taking the idea of the house always wins in a literal way, how? Because for me, there is always a chance to win, there's always a probability to win and the phrase "house always wins" for me should be taken as not holistically, but profit based in a long term. There are gamblers that are winning in casinos, it is just that, the house is the one that provides the services and they deserve to have income, they are gaining more and has a definite chance of gaining compared to gamblers in the long run. Gamblers have their chance based on luck, but the house's chance is constant.

Odds determine chances we have! The hardest to win is lottery, too many people, odds for winning with
one ticket are 0.0000 something. But there are other games where chances to win are much higher.
I love to bet on sports, and in sport anyone can try to make some money. It's not so hard, but not
for greedy people who wish to win a lot with minimal bets. Now when sport games are canceled I have
fun with casual crypto-games like plinko, dices and crash, and I can say chances to win are OK, I am winning
but I quit after I win couple thousand satoshis! Point is to not be greedy and you can win most of the time, but
for greedy people sooner or later comes losing game!

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I think most of the people are taking the idea of the house always wins in a literal way, how? Because for me, there is always a chance to win, there's always a probability to win and the phrase "house always wins" for me should be taken as not holistically, but profit based in a long term. There are gamblers that are winning in casinos, it is just that, the house is the one that provides the services and they deserve to have income, they are gaining more and has a definite chance of gaining compared to gamblers in the long run. Gamblers have their chance based on luck, but the house's chance is constant.

Savemore

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Quote from: GDragon on April 13, 2020, 07:20:08 AM

Quote from: xSkylarx on April 12, 2020, 04:19:40 AM

Some go home with wins, however, the problem is some people do not stop gambling the moment they win a decent amount of money. They push their lock until they end up losing everything. Sometimes greed pushes people to do stupid things, that is why it's the hous that always win.

I agree, I think gamblers who always win are those who has control. Those who can still think critically even if they are winning. They know when to stop. Some gamblers continue betting and that is the very reason of their lost. All gamblers can win in the first place anyway, but winners and losers will be determine depending on when they decided to stop betting.

Those gamblers who are frequently win in gambling are the one who have high knowledgeable and also skillful gambler. Luck is also factor but not always luck can make us win and that is why we should also have skills that we should develop if we want to have consistent earning in gambling. As you said control is also required, managing our emotions are important if we want to become aware on what we feel and what thoughts that we have because it can help us to think more better.

thekrakennnm

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Well, I guess many of the sites can add fake information about players just to distract newcomers with misleading stats, etc. Also, in general, it's hard to get big profits with gambling afaik same as with casinos but some people have great luck and win big amounts of cash. Additionally, I suppose many gamblers who try to make their living by using it try to use maths, strategies and other stuff to make it more likely happen. Thus there's no exact answer to your question it all depends on a context.

GDragon

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Quote from: xSkylarx on April 12, 2020, 04:19:40 AM

Some go home with wins, however, the problem is some people do not stop gambling the moment they win a decent amount of money. They push their lock until they end up losing everything. Sometimes greed pushes people to do stupid things, that is why it's the hous that always win.

I agree, I think gamblers who always win are those who has control. Those who can still think critically even if they are winning. They know when to stop. Some gamblers continue betting and that is the very reason of their lost. All gamblers can win in the first place anyway, but winners and losers will be determine depending on when they decided to stop betting.

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Quote from: Reatim on April 13, 2020, 03:06:18 AM

Quote from: Lorence.xD on April 12, 2020, 11:39:20 PM

Gambling is solely based on your luck, the reason that it appeals to many people is the prize that you can win, a $20 can become a $200 in a snap. The stats are there to give hope to other players and make them think irrational, it is my opinion but I think that the stats are just there to attract more customers. You can still play but you need to watch out for games that have a lesser house edge like Blackjack or Poker. I don't have any testimonial story about blackjack but with poker I can assure you that the house will not be involved, the players are your opponent so there is more chance for you to win large sums.

gambling composes of so many games and yeah most of them are relying strictly in Luck and there are no strategy at all.
But in Sportsbetting there are some other gamblers that is good because they know the strategy and they have skills to make a win more than losses.
Just like in Soccer or even Basketball there are bettors that good in this games and they can analyze what will happen to the match and what is the winning team(of course not 100 %)

Sports betting is very different from roulette or other slot machines... There are no statistics in the slot machines, and in sports betting there is... So luck is certainly necessary here, but it is not in the first place!

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Quote from: Lorence.xD on April 12, 2020, 11:39:20 PM

Gambling is solely based on your luck, the reason that it appeals to many people is the prize that you can win, a $20 can become a $200 in a snap. The stats are there to give hope to other players and make them think irrational, it is my opinion but I think that the stats are just there to attract more customers. You can still play but you need to watch out for games that have a lesser house edge like Blackjack or Poker. I don't have any testimonial story about blackjack but with poker I can assure you that the house will not be involved, the players are your opponent so there is more chance for you to win large sums.

gambling composes of so many games and yeah most of them are relying strictly in Luck and there are no strategy at all.
But in Sportsbetting there are some other gamblers that is good because they know the strategy and they have skills to make a win more than losses.
Just like in Soccer or even Basketball there are bettors that good in this games and they can analyze what will happen to the match and what is the winning team(of course not 100 %)

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Quote from: bitbunnny on April 12, 2020, 02:27:36 PM

Quote from: ethereumhunter on April 12, 2020, 09:14:41 AM

Some gamblers win, some others lose. That will always like that, but the gambler who can win will also change. Some of them will not tell other people that they win some money, but some of them are busy to show off to other people about their winning. But we will see that only some gamblers who can always remember that their winning is because luck and they decide to stop right after they got the money.

Yes, but it's not that some gambliers win all the time and some lose all the time. To my opinion every gambler has gone through both of these phases this way or the other.
You might have luck for a while but that will not last forever so never.be too selfconfident and always respect your limits.

That is good advice for every gambler who thinks that they can get lucky many times they played gambling. We cannot deny that some gamblers will feel more confident, especially if they win more than 3 times in a row. If they cannot realize that it is just because of luck, and luck will not come again in the next round, they will feel hurt in the next round if they lose, and they will keep playing until their money finally is gone.

Lorence.xD

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Gambling is solely based on your luck, the reason that it appeals to many people is the prize that you can win, a $20 can become a $200 in a snap. The stats are there to give hope to other players and make them think irrational, it is my opinion but I think that the stats are just there to attract more customers. You can still play but you need to watch out for games that have a lesser house edge like Blackjack or Poker. I don't have any testimonial story about blackjack but with poker I can assure you that the house will not be involved, the players are your opponent so there is more chance for you to win large sums.

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Quote from: joshy23 on April 12, 2020, 07:55:22 PM

Quote from: jhonjhon on April 11, 2020, 06:13:41 PM

Quote from: joshy23 on April 11, 2020, 05:27:36 PM

Quote from: quality.crypto on April 10, 2020, 01:57:39 AM

Quote from: Ronaldcoin2017 on April 10, 2020, 12:47:03 AM

snip~

You are right, few people are very lucky to make money while gambling, there are some people who keep on loosing their money in gambling, even though they try different approaches, but they fail to make through gambling, if we are not continuously not making money through gambling better we need to shift to other things to make money.

Gamblers wanted to win using different strategy that came out from their minds, they wanted to keep trying their luck using those approach thinking that day will come and they will win but afterwards once luck showed up greed follow, most of the time instead of quitting with a win the other things happened.

Then they end up losing. This is to clearly understand that luck isn't with us all the time. That is why being a gambler we need to control ourselves and not being control by our emotions and greediness. This will be a reason why we suffer losses instead of winning but we let this thing happen because of being greedy.

Emotions really the killer if you don't know how to control it then the chances of losing will always be there in your side. But if you do have a good glimpse and know how things should be treated then you are good to go and expect that chances of winning is not slim.
Gamble the money that you can afford to risk and focus with controlling your own self will to quit once its needed to stay out.

Emotions to get back what you lose, emotions to get money because you saw one person earning through it and lot of other emotions that triggers one person even not a regular one; newbie in a sense. Well, they say experience makes us grow and all those losses people get, they learn from it and that makes them the badasses gamblers, seen few documentaries of it.

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Quote from: jhonjhon on April 11, 2020, 06:13:41 PM

Quote from: joshy23 on April 11, 2020, 05:27:36 PM

Quote from: quality.crypto on April 10, 2020, 01:57:39 AM

Quote from: Ronaldcoin2017 on April 10, 2020, 12:47:03 AM

snip~

You are right, few people are very lucky to make money while gambling, there are some people who keep on loosing their money in gambling, even though they try different approaches, but they fail to make through gambling, if we are not continuously not making money through gambling better we need to shift to other things to make money.

Gamblers wanted to win using different strategy that came out from their minds, they wanted to keep trying their luck using those approach thinking that day will come and they will win but afterwards once luck showed up greed follow, most of the time instead of quitting with a win the other things happened.

Then they end up losing. This is to clearly understand that luck isn't with us all the time. That is why being a gambler we need to control ourselves and not being control by our emotions and greediness. This will be a reason why we suffer losses instead of winning but we let this thing happen because of being greedy.

Emotions really the killer if you don't know how to control it then the chances of losing will always be there in your side. But if you do have a good glimpse and know how things should be treated then you are good to go and expect that chances of winning is not slim.
Gamble the money that you can afford to risk and focus with controlling your own self will to quit once its needed to stay out.

pixie85

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Quote from: Ronaldcoin2017 on April 10, 2020, 12:47:03 AM

Some gamblers really win i believe that if we don't stop gambling we can really win on it some people really didn't have luck on gambling and they always lose. Sometime we need to be more pratical if we are not lucky on gambling we can still have some many options to choose to earn a huge amount of profit.

Yes they do and there's a lot of evidence to that. There were examples of people breaking the bank and taking as much as it was possible from online casinos.

Casinos need these people to win because they work like those lottery wins where you hear about someone wining millions and start to dream what you'd do in his place.
This pushes people to play and so it goes.

Remember that people win on regular basis but for 1 person to win there have to be a lot more losers.

skiorf

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There are three things Luck, skill & smartness on gambling. If you are the smartest one and have a good skill but if luck is not in your favor, you will not win. if you are not lucky but addicted on it, then you should gamble for small amount of money then you will not have to get trouble even you lose.

Even if people who gamble have 100% intelligence, I'm not sure they will experience continuous victory.
In gambling there are no tricks that are really valid, it all depends on luck. And it will not last long because at other times the luck is no longer together and in the end they lose. So in my opinion there isn't or there will never be anyone who really wins from gambling as long as they still want to play.

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Quote from: ethereumhunter on April 12, 2020, 09:14:41 AM

Some gamblers win, some others lose. That will always like that, but the gambler who can win will also change. Some of them will not tell other people that they win some money, but some of them are busy to show off to other people about their winning. But we will see that only some gamblers who can always remember that their winning is because luck and they decide to stop right after they got the money.

Yes, but it's not that some gambliers win all the time and some lose all the time. To my opinion every gambler has gone through both of these phases this way or the other.
You might have luck for a while but that will not last forever so never.be too selfconfident and always respect your limits.

ethereumhunter

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Some gamblers win, some others lose. That will always like that, but the gambler who can win will also change. Some of them will not tell other people that they win some money, but some of them are busy to show off to other people about their winning. But we will see that only some gamblers who can always remember that their winning is because luck and they decide to stop right after they got the money.

xSkylarx

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Some go home with wins, however, the problem is some people do not stop gambling the moment they win a decent amount of money. They push their lock until they end up losing everything. Sometimes greed pushes people to do stupid things, that is why it's the hous that always win.

Topic: Do some gamblers actually win? - page 5. (Read 1602 times)