Topic: Do the juice Worth the squeeze? - page 6. (Read 1379 times)

That is the best option of all, seeing the game as a hobby option, keep in mind that in most cases things can become very difficult if we treat the game as if it were an income, job or something where it gives money, it is o The worst that can be done, I have always seen things like that, the game has to be something to have fun, not take it as if it were an investment or something like that, because it is basic that things that risk money cannot be treated as if it were something certain ,because it is easy to lose money there.

If we look for a way to make money, I think that taking it as a hobby is the best possible, but always controlling myself in everything, because money is what is spent the most, and it is what we must take care of the most, for that reason we have to Take care of our money, do not make use of money as if they were worthless papers in a casino, each dollar of ours is very valuable, because in casinos each dollar is not given away.

It shouldn't really be about making a huge amount of money and forgetting that it's all generated mostly for fun and entertainment,when you make it seem that way your opening the floor of loosing your money to it because your mind is set to explore and make more money out of it which makes it not worth it.
But looking at the fact that you can feel relaxed when doing so cause you ain't putting more money to it makes it all better and suitable.its only one who's idle and greedy about making money by all means that will take up such task.
So the benefits your talking about it's not profitable as whereas gambling is not an investment platfor that you invest your time and money,so it doesn't worth any benefits it's just for fun.

50/50 chances means you are gambling. Although per books it could be 50/50 but you have to be confident that you have over 50% win rate so you'll end up winning in the long run. You can squeeze the juice if you want, make it result to a bigger odds so you need just 51% to be profitable. Most of us bet on 1.90, that is 10% juice for the bookies, but we can eliminate tthat if we bet on 2.00 odds every time, with the right bankroll management and 51% win rate, we will be profitable in the long run.

Hi, For me as a gambler and investor, I don't look at the time I spend on something, I look at its outcome especially when I finish doing it, and another thing, I don't treat gambling as part of income or some kind of investment, I'm doing it for my own pleasure and to challenge myself since I'm just doing it as a hobby or one of may pass time. Maybe I can only say that the time I devoted to gambling was worth it when I won big or I was satisfied with the enjoyment and excitement I felt.

For some people, this is just a secondary goal their goal is to enjoy playing and take profit when there is an opportunity to win money but it's not the main goal for some.


It is human instinct to take a chance to double what they are betting even though the house has the edge, people are thrilled with the challenges it's what makes us alive, if you happen to visit a physical casino you will see people's faces on how they are excited and thrill on every roll and bet, some people derive their pleasure from gambling so gambling has benefits for these people.
Gambling produces dopamine in the brain, which is a reward system that makes gamblers thrilled and got their pleasure.

If your intention is to make money then probably not, since the amount of time needed to make any amount of money is very high, and even if you were to achieve your goal, you will begin to be banned by casinos as they get to know that you are a professional player, making gambling one of the few professions in which get banned the better you become, but if your intention is to have some fun, gambling is without a doubt a hobby you can enjoy once in a while.

Investing is similar as allocating, so it's possible to use the word in so many ways. Even gambling in a casino and investing on an asset also have similarities because we are both taking risks when we do them and just like in gambling, we also invest or allocate a time for doing research and others when we invest on an asset and we are also being advised to invest only according to our own capacity.

Despite of it, there is still a fear but we need to face it if we want to grow our capital. I know this is funny but those who are more careful are usually the ones who are scared, while those who are reckless are not, though they also know how to feel a regret later on.

Nope, I disagree, so you can't claims "everyone" here. Getting the largest amount of money means you're trying to hit the jackpot or bet with max amount, I'm neither of them, for me winning some amount of money is enough.

If you're gamble just to earn money, don't mind to spend a lot of your money and time, it's not worth because you will broke.

          -    For me, it is not good to think of gambling as an investment because gambling is not a type of investment. Everyone also knows that gambling is a place to waste money in reality.
That's why it's only appropriate to make it an amusement place where whether you win or lose is fine with us.

And gambling should only be a place for us to relax or be entertained, because if we think that it is an investment, it can be said that the mindset of a gambler is wrong if this is his perspective on gambling.

Don't get it twisted, in gambling, we don't invest anything because gambling can't be considered as investment, if what you are risking on gambling is mind boggling for you then you should be turning that money into buying an asset or something that's worth calling investment.

Do you know the type of money that's fit for gambling? The kind that you use to buy biscuits for kids when coming back home every day after work, it's biscuit money, if lost there is nothing to regret there, it's not something worth thinking twice about.

See, I don't pity gamblers that lose money, if it's painful for you then you are risking too much, find a way to lower the amount and also lower your expectations, people like trying to solve a problem with more problems, we can see a lot of examples among gamblers today.

Because gambling is something that is closely related to luck, it is not good to use gambling as an activity other than an activity that will make us happy. For example, gambling as a place to make money, or even stranger as a place to invest. Unless we invest in the casino owner, perhaps that would make more sense, but the question is does a casino still need an investor? because they already have a lot of money, especially if we don't have a name that we can use as a promotion.
Wrong thinking patterns will give rise to something wrong, out of nowhere someone might think that gambling can be used as a place to make extra money. Do they really not know the risks of gambling or do they turn a blind eye to the risks involved in gambling?
Because I'm sure if someone uses their rationality, then they won't think that they can use gambling as a place to provide them with additional income. This is what ultimately makes people addicted to gambling, yes, they made the wrong way of thinking at the start so that made them take the wrong path.

It's up to a person. I gamble for fun, even though I do not always win. I do not rely or invest in gambling since outcomes are not guaranteed. It's just like flipping a coin, you can get heads or tails, simple 50/50. There are chances that you can win big and sometimes you can also lose money.

To make it simple, no, a very big no, gambling should not be treated as an investment. Although investing and gambling are similar in the sense that you can lose money from a wrong move or decision or by fate, the chances of losing in gambling are too much because you can only or mostly rely on luck, meaning if you are not lucky enough, don't bother to have hope that you will earn in gambling. Meanwhile, in investing, if you did this stuff correctly and with caution, you will have the guarantee of earning. It's much more worthy to allocate your time, effort, and money in an investment or business than hoping to win big in gambling that might not come.

There is also no guarantee that if you invest or start a business, you will be successful or that your life will change. It still depends on how you do in your stuff, but at least the margin of losing money is not too much.

I'm not the type of person who gambles to get more money than that. I gamble to have fun - if I win it's great, but if I lose it doesn't matter. Because when your main gambling orientation is to be able to get money from it, in the end you will be stressed when you find out that you are losing more than what you are getting. You also think about the time and energy you have put in, so that your gambling has no meaning other than making you stressed. So instead of me feeling like that, I'm not too money oriented when gambling and just gamble for fun.

Agree with this mate the purpose of a gambling is for fun to those gamblers who love the game. And also we are all know that through gambling we can feel happiness that we cannot felt from anybody. But we must all remember that we should not go beyond our limitations in order to still have the momentum in life or let say we have a discipline in ourselves cause if we don't have discipline then there's a chance that we got addicted and once that happen Many circumstances will come on us.

Don't ever consider gambling as your investment, because it's not.
You have to see this as a risky option to make money and that is not a 50/50 success rate, expect a lower rate especially on a luck based games.
If you are into gambling, always ask yourself if you can afford to lose the money and if you have the budget for this kind of activity. Investment should be rewarding and doesn't need to have a lower probability to make profit, gambling is gambling.

It's true, sometimes we just want to enjoy and there are those hardcore gamblers to make money. So I think it's worth of your time and investment as you can get something out of it. Although it is still money that we might not afford to lose, but that's up to the gamblers themselves to take that risk.

And we can't even consider it investment though, I mean when we gamble we all know that our chances are not that great. But still we take it and see if we can profit or not. But in investment there is what we call mitigation risk. We somewhat have strategies not to lose all our money.

That's not a really difficult question to answer my guy, if the lemon we're squeezing is gambling and the effort to squeeze is the investment that we put in it then I'd tell you that it's not worth it, you'd probably get a thimbleful at most and if you're lucky a small cup full but that's it, the effort that you'd put into it wouldn't be good, you'd be squeezing too much of the lemons but some of them don't really have the juice in them most of the time. It's a really good analogy on gambling and helps you visualize to some level how difficult it is to actually profit in gambling, that's why it's been recommended that you only gamble what you can afford to lose and not go all out just to be disappointed and lose your money and waste your time.

When I saw the title I thought it'd be about sportsbooks since it's another term for vig.

I'd say it's worth it based on how much you're getting out of the activity because not everyone gambles seriously and only aims for the profits. Others also gamble casually because it's still a good source of entertainment. They barely focus on the profits knowing you'd have to sacrifice more of your time to have a better record and even then it's still not guaranteed.

gambling is not an investment, it does not bring constant profits, it does not allow people to earn enough money to pay bills, that is why when a person wants to start gambling, then that person should think about playing just for fun, Obviously it's not about playing to lose, you have to think about winning. but the amount that this person puts into the game must be an amount that does not harm that person, the kind of money that the person can lose and will not cause him any fault. Preferably I always advise people to play with small amounts of money, for example if you like to go to the beach and other places to have fun and spend $40 in those places

so you know that the 40$ you used in those places will not come back, what you gained by going to those places was fun, so when you put 20$ in the casino you should also think in the same way that those 20$ you put in the casino will not come back , so the fun you got was the game you were playing. You can't think about things like putting in $20 and you're going to play to come out with more than $20 and with that you're going to make a profit, forget about that. At most, just think about playing to win a few times so you can spend more time playing without putting more money into the casino too soon. but always be aware that eventually you will lose everything you put into the casino and you will have to deposit more money again to play

and when you put more money back into playing, don't think about things like chasing profits, you must accept and accept losses, just deposit the money knowing that you will lose everything again and that the only thing you will gain will be fun. Look at it like when you play video games, you play and win but you don't play using money and therefore you don't win money, what you win is the fun, those moments of wins and losses and the challenge you feel when you're playing and what you win. Don't expect profits from gambling. forget it