Everyone looses in the long run - page 129.

lexuz

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Me, myself and I

Quote from: hua_hui on October 21, 2015, 06:42:36 AM

Quote from: maku on October 21, 2015, 06:26:31 AM

Quote from: klf on October 21, 2015, 05:53:55 AM

The probability is nothing but luck and luck will not come every day so no one can will in the long run and most of the regular gamblers will surely lose over the time. I do not suggest to become a rich or try gambling to make money but just play for fun and if you win some big money by luck then just enjoy it and do not invest back all winnings again to win more.

I will rather say that there is the other way around. There is no luck in gambling as winning is part of probability theory.
People are being irrational about is and therefore we have some many misconceptions about it.

well sadly to say even if one is very good in probability theory, he still need a lot of luck to win. as you can see in texas poker tournament, most of the time, a lot of time the higher % lose out in the fight.

You are right bro, all in gambling is need luck and not need a skill like people have to said. I don't think all pokerstars players are a good gambler

leex1528

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Quote from: hua_hui on October 21, 2015, 06:42:36 AM

Quote from: maku on October 21, 2015, 06:26:31 AM

Quote from: klf on October 21, 2015, 05:53:55 AM

The probability is nothing but luck and luck will not come every day so no one can will in the long run and most of the regular gamblers will surely lose over the time. I do not suggest to become a rich or try gambling to make money but just play for fun and if you win some big money by luck then just enjoy it and do not invest back all winnings again to win more.

I will rather say that there is the other way around. There is no luck in gambling as winning is part of probability theory.
People are being irrational about is and therefore we have some many misconceptions about it.

well sadly to say even if one is very good in probability theory, he still need a lot of luck to win. as you can see in texas poker tournament, most of the time, a lot of time the higher % lose out in the fight.

Yea you definitely need luck in order to win I don't think anyone will disagree with you there. But if you get yourself in the best position to win, you should be alright in the long run because over the long run you % should balance out.

hua_hui

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Quote from: maku on October 21, 2015, 06:26:31 AM

Quote from: klf on October 21, 2015, 05:53:55 AM

The probability is nothing but luck and luck will not come every day so no one can will in the long run and most of the regular gamblers will surely lose over the time. I do not suggest to become a rich or try gambling to make money but just play for fun and if you win some big money by luck then just enjoy it and do not invest back all winnings again to win more.

I will rather say that there is the other way around. There is no luck in gambling as winning is part of probability theory.
People are being irrational about is and therefore we have some many misconceptions about it.

well sadly to say even if one is very good in probability theory, he still need a lot of luck to win. as you can see in texas poker tournament, most of the time, a lot of time the higher % lose out in the fight.

maku

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Quote from: klf on October 21, 2015, 05:53:55 AM

The probability is nothing but luck and luck will not come every day so no one can will in the long run and most of the regular gamblers will surely lose over the time. I do not suggest to become a rich or try gambling to make money but just play for fun and if you win some big money by luck then just enjoy it and do not invest back all winnings again to win more.

I will rather say that there is the other way around. There is no luck in gambling as winning is part of probability theory.
People are being irrational about is and therefore we have some many misconceptions about it.

YuginKadoya

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Quote from: coinplus on October 21, 2015, 05:33:13 AM

That's the situation if the gamble did not try anything new or trying to develop his own skill for better gambling. If people only depend on their luck to make profits in gambling then they must loose in short term as well as long term. Long term will give you time to rectify your mistakes.

That is the wrong way of think for most gamblers, they are think they could profit for a long run with it, you will lose it all in a long run because of house edge, gambling company and sites has an house edge to prevent them from bankruptcy. that is why you can't make a profit out of gambling.

RyanLZ

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Quote from: jeffthebaker on October 18, 2015, 07:03:54 PM

This is how I approach gambling. I really only gamble on poker and sports betting, and I do it for the entertainment. If I win, that's awesome, and if I lose, I was simply paying for entertainment.

I also started doing parlay betting on NFL a lot recently. It's quite a cheap hobby, and just being right a fraction of the time yields insane profits.

That is the spirit. Gambling is just for fun. Most of us cannot live on gambling. You need special skills to live on gambling.

klf

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Quote from: zcxvbs on October 20, 2015, 08:10:49 PM

Quote from: tommorisonwebdesign on October 03, 2015, 03:32:01 PM

Let's be honest. Gambling should only be considered for entertainment purposes only. If you are in need of quick cash, doing hard dirty work is more often than not better than hitting up the casino sites. I see way too many people in this section try to justify their gambling habits by saying they have strategies to always win. Others on this forum will go as far as to say that they are professional gamblers, and they always win. You're fooling no one and you look stupid.

All the gambling addicts I knew in real life who claimed to win from casinos all the time had serious mental issues. I went gambling with that guy once, and he ended up blaming me for him loosing at Pai Gow poker, a game that's 100% chance.

And just to let you guys know, ALL the casinos in my jurisdiction say the same things in public advertising campaigns. So far, my sig campaign manager has not PM'ed me telling me to quit bashing gambling. Nobody wins gambling, so lets stop pretending anyone here makes a living gambling online.

Yes, it's a probability staff which is not on our side, from a technical point of view，the more we gamble, the higher probability we lose. So I absolutely agree with your title "Everyone looses in the long run".

The probability is nothing but luck and luck will not come every day so no one can will in the long run and most of the regular gamblers will surely lose over the time. I do not suggest to become a rich or try gambling to make money but just play for fun and if you win some big money by luck then just enjoy it and do not invest back all winnings again to win more.

coinplus

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Quote from: YuginKadoya on October 21, 2015, 03:02:32 AM

Quote from: Renekton on October 20, 2015, 08:42:12 PM

People just dont have a daily goal or the # to stick with cause they keep changing it if they do win lol.

Intially its basically a different form of for sure screwing yourself over. Like if youre at $10 profit and your mark was $10, now wanting $20.. that itself says everything.

Well I might say, that is wanting more than ever you could avail, in gambling if a person really really want money he will not bet for more because the way he thinks is the value of money, but if a gambler wants fun, he will bet much and to the extend that he will sell everything he own just to bet.

That's the situation if the gamble did not try anything new or trying to develop his own skill for better gambling. If people only depend on their luck to make profits in gambling then they must loose in short term as well as long term. Long term will give you time to rectify your mistakes.

YuginKadoya

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Quote from: Renekton on October 20, 2015, 08:42:12 PM

People just dont have a daily goal or the # to stick with cause they keep changing it if they do win lol.

Intially its basically a different form of for sure screwing yourself over. Like if youre at $10 profit and your mark was $10, now wanting $20.. that itself says everything.

Well I might say, that is wanting more than ever you could avail, in gambling if a person really really want money he will not bet for more because the way he thinks is the value of money, but if a gambler wants fun, he will bet much and to the extend that he will sell everything he own just to bet.

Renekton

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Quote from: cazkooo on October 20, 2015, 01:34:54 PM

Quote from: BTCevo on October 20, 2015, 05:00:11 AM

Quote from: stingleword on October 18, 2015, 02:01:57 PM

Quote from: cazkooo on October 18, 2015, 01:33:07 AM

If you deposit at a gambling site then you should think what you deposit is already a lost that is why it will help to take some stress out if you really lose them all but if you make a little back then withdraw them and keep it safe until you decide to deposit it back to the site

This is a superb strategy.

But this strategy will not really useful if you lose and always keep it safe. Lets say that you dont withdraw them but stop for a while and then you will do the same as tmorow so you will safe the sending fee rather than put in and out your balance

Thats why people need to withdraw it when they win. Many people dont withdraw this and continue that is why if they lose it all then they are stressed with this. If you withdraw some and continue to play with small amount then this atleast will only give you a little stress if you lose it instead of lose all of it

People just dont have a daily goal or the # to stick with cause they keep changing it if they do win lol.

Intially its basically a different form of for sure screwing yourself over. Like if youre at $10 profit and your mark was $10, now wanting $20.. that itself says everything.

zcxvbs

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Activity: 630

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Quote from: tommorisonwebdesign on October 03, 2015, 03:32:01 PM

Let's be honest. Gambling should only be considered for entertainment purposes only. If you are in need of quick cash, doing hard dirty work is more often than not better than hitting up the casino sites. I see way too many people in this section try to justify their gambling habits by saying they have strategies to always win. Others on this forum will go as far as to say that they are professional gamblers, and they always win. You're fooling no one and you look stupid.

All the gambling addicts I knew in real life who claimed to win from casinos all the time had serious mental issues. I went gambling with that guy once, and he ended up blaming me for him loosing at Pai Gow poker, a game that's 100% chance.

And just to let you guys know, ALL the casinos in my jurisdiction say the same things in public advertising campaigns. So far, my sig campaign manager has not PM'ed me telling me to quit bashing gambling. Nobody wins gambling, so lets stop pretending anyone here makes a living gambling online.

Yes, it's a probability staff which is not on our side, from a technical point of view，the more we gamble, the higher probability we lose. So I absolutely agree with your title "Everyone looses in the long run".

leex1528

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Quote from: mtnsaa on October 20, 2015, 02:12:57 PM

Some strategies can work in theory, combined with depositing money that you don't care about if you lose and cashing out the minute you are ahead like others have mentioned. If you can do that AND remain emotionless about it AND play once in a while AND still manage to get some fun out of it (while being an emotionless robot) then go ahead and do it. I'll be the first in line to bet against you...

That isn't really long term if you are cashing out ahead. It is highly unlikely you will be profitable at a casino unless you are playing Poker(hold em against players) but it is not impossible.

mtnsaa

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Some strategies can work in theory, combined with depositing money that you don't care about if you lose and cashing out the minute you are ahead like others have mentioned. If you can do that AND remain emotionless about it AND play once in a while AND still manage to get some fun out of it (while being an emotionless robot) then go ahead and do it. I'll be the first in line to bet against you...

cazkooo

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Quote from: BTCevo on October 20, 2015, 05:00:11 AM

Quote from: stingleword on October 18, 2015, 02:01:57 PM

Quote from: cazkooo on October 18, 2015, 01:33:07 AM

If you deposit at a gambling site then you should think what you deposit is already a lost that is why it will help to take some stress out if you really lose them all but if you make a little back then withdraw them and keep it safe until you decide to deposit it back to the site

This is a superb strategy.

But this strategy will not really useful if you lose and always keep it safe. Lets say that you dont withdraw them but stop for a while and then you will do the same as tmorow so you will safe the sending fee rather than put in and out your balance

Thats why people need to withdraw it when they win. Many people dont withdraw this and continue that is why if they lose it all then they are stressed with this. If you withdraw some and continue to play with small amount then this atleast will only give you a little stress if you lose it instead of lose all of it

Hellacopter

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Quote from: Kevin77 on October 20, 2015, 12:19:16 PM

Yes greed is the first emotions which would break your determined mind set while doing gamble. Either in trading or in gambling people would get greed very much easily as a human nature. Emotion control is most important thing to make all the situations as a favorable situation to make sure our funds not get into losses.

i think when we consider that we gamble for fun and to play this game, and accepting the rule that we can lose our money this can make gambling more funny and less risky

Kevin77

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Yes greed is the first emotions which would break your determined mind set while doing gamble. Either in trading or in gambling people would get greed very much easily as a human nature. Emotion control is most important thing to make all the situations as a favorable situation to make sure our funds not get into losses.

Mickeyb

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Move On !!!!!!

Quote from: hua_hui on October 20, 2015, 10:28:25 AM

Quote from: n2004al on October 20, 2015, 02:59:40 AM

Quote from: mtnsaa on October 16, 2015, 10:38:03 PM

I do agree that the house edge always gets you, now I'm not a gambler at all however in my early years I used to go to a local casino for half an hour and win around $15-30-50 a day. It was in an electronic type roulette. I swear I somehow learned a pattern where certain numbers kinda started to fall which eventually lead to me betting on number zero and win big.

The moral of the story is that, while I did this for a month or so and I was very disciplined (cashing out after I hit 0 or other number), one night I thought I was invincible and started playing BlackJack because I wanted more. I think I loss 30-40% of my winnings so far in that one night. So even if you somehow managed to get good in a game, a bad streak or a bad decision will take it all away eventually. The casino knows that when you win, you will come back to lose it all sooner or later.

I know what you are wondering, so why don't you just kept playing on the roulette? I did for a little why, but they eventually closed it and then later upgraded it for a new one. There was no pattern to learn on this one... Cry

The most true words about gambling. A real story of everything I write in my posts about gambling since the first day I wrote about it. This post mus be read by everyone who gamble. Every word of this post is a precious lesson for every gambler. This story will be repeated always by everyone which will continue to gamble.

From above post:

The casino knows that when you win, you will come back to lose it all sooner or later.

This is the cruel true for every gambler. Gambling create addiction. The addiction create for sure loss of all the money. End of story. Sad

yah, it is really very hard to stop. it is like when u r on a winning streak, you will believe you are and carry on playing. and when u lose a bit, you will bet more to win back cause u will believe you are winning, it is only when you lose quite a huge amount that you realise it is no longer and most of the time you end up losin becuz of that.

Well greed is the problem, having no self control. Casinos know this and they are playing on this card as well. Then they are setting up chances in their favour. Setting up sports betting odds as well. Yes, they are very good manipulators, simple as that.

Why do you think the most sports bookies offer a welcome bonus of $100, or 100 euros. They are very confident that you will give them all of this back and probably a bit more.

anthonycamp

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bet you have more % to lose all than to win 2x its simple in any house and bet soo stick to luck into short mode

Hellacopter

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Quote from: Triple on October 18, 2015, 08:56:17 PM

You're so right. For the most part. However, I do know of some people that make a profit from sports gambling. They research the teams and spend a ton of time before making a wager

There is the strategies without doubt have great rule on gambling rules, in addition with luck of course
So i believe having good strategy can really help people to minimize the risks and get earnings

mtnsaa

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Quote from: hua_hui on October 20, 2015, 10:28:25 AM

yah, it is really very hard to stop. it is like when u r on a winning streak, you will believe you are and carry on playing. and when u lose a bit, you will bet more to win back cause u will believe you are winning, it is only when you lose quite a huge amount that you realise it is no longer and most of the time you end up losin becuz of that.

Exactly, even if you are ahead, what I did was very very rare, that is to walk out after you lose a portion of your small fortune. 99.9% of gamblers will try to cover the losses either in that night or start fresh another day (and eventually lose the remaining amount).

Topic: Everyone looses in the long run - page 129. (Read 96775 times)