Everyone looses in the long run - page 131.

futurebit640

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Quote from: BTCevo on October 17, 2015, 02:13:41 AM

Quote from: jpouza on October 15, 2015, 08:35:00 AM

Quote from: agustina2 on October 14, 2015, 09:57:54 AM

For people to truly understand this loss in the long run thing , one must experienced it to fully know the output of doing gambling for a long run.

Long run means long and painful death, nobody gets rich gambling.

Depends on what rich means to you. If you mean rich by infinite money by gambling I dont think there are such people in this world. I have ever meet people that can have a family by using gambling. They are not rich as I can say and yes they lose sometimes but at least they can maintain their money to support their family so I can say that man is rich enough

That is very true that no one can make a regular income from gambling and most of these addicted gamblers are thinking that there are many successful gamblers are making regular income. But what I see is those successful stories may be created by those big casinos to attract more people to this gambling world. So I always suggest gamble small amounts just for fun and enjoy if you win but don't continue until you lose all.

jpouza

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Quote from: JimClone on October 17, 2015, 10:11:16 AM

Totally agree with the title of the thread. Just a reminder that gambling is just for fun

For fun to normal people and for living for crazy ones. Grin

JimClone

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Totally agree with the title of the thread. Just a reminder that gambling is just for fun

BTCevo

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Quote from: jpouza on October 15, 2015, 08:35:00 AM

Quote from: agustina2 on October 14, 2015, 09:57:54 AM

For people to truly understand this loss in the long run thing , one must experienced it to fully know the output of doing gambling for a long run.

Long run means long and painful death, nobody gets rich gambling.

Depends on what rich means to you. If you mean rich by infinite money by gambling I dont think there are such people in this world. I have ever meet people that can have a family by using gambling. They are not rich as I can say and yes they lose sometimes but at least they can maintain their money to support their family so I can say that man is rich enough

MR.Seller

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Quote from: Heutenamos on October 17, 2015, 01:26:08 AM

Quote from: pjsonowal on October 16, 2015, 11:01:43 PM

The basic way to continue in long run is to keep changing the strategies you use..

OK,but one day you would have to repeat the very first strategy ? you dont have unlimited strategies...?
still you cannot win by changing strategies cause all fail at some point , the only way is to do a single max bet and get out.

I agree, and strategy would not run for a long time in 1 game your strategy is done and you need to change it. But sometimes strategy lose not all your strategy will win so in long run you gonna be lose. there is no chance of always winning in long run gambling.

Heutenamos

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Act #Neutral,Think y'self as a citizen of Universe

Quote from: pjsonowal on October 16, 2015, 11:01:43 PM

The basic way to continue in long run is to keep changing the strategies you use..

OK,but one day you would have to repeat the very first strategy ? you dont have unlimited strategies...?
still you cannot win by changing strategies cause all fail at some point , the only way is to do a single max bet and get out.

Light

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Circa 2010

Quote from: StevenLiang on October 16, 2015, 10:37:31 PM

Quote from: jpouza on October 15, 2015, 08:35:00 AM

Quote from: agustina2 on October 14, 2015, 09:57:54 AM

For people to truly understand this loss in the long run thing , one must experienced it to fully know the output of doing gambling for a long run.

Long run means long and painful death, nobody gets rich gambling.

In long run, no one will win with the odds. Except they play small form their bankroll.
Either in sportbooks, dice, casino and poker. Bankroll management is crucial aspect.

I would contest poker and sportsbooks. Both are possible to profit off in the long term as in a majority of cases you are playing against other bettors and not the house. The house takes a cut and no risk - so if you're better than your opponents you can win. Of course being good enough to win and cover the cut the house takes isn't easy and hence you rarely hear of people who actually do come out ahead.

pjsonowal

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Exactly... Everyone looses in long run.... A win for sometime doesnt guarantees you that will win later bets too... The basic way to continue in long run is to keep changing the strategies you use..

mtnsaa

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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 manage 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 while, but they eventually closed it and then later upgraded it for a new one. There was no pattern to learn on this one... Cry

StevenLiang

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Quote from: jpouza on October 15, 2015, 08:35:00 AM

Quote from: agustina2 on October 14, 2015, 09:57:54 AM

For people to truly understand this loss in the long run thing , one must experienced it to fully know the output of doing gambling for a long run.

Long run means long and painful death, nobody gets rich gambling.

In long run, no one will win with the odds. Except they play small form their bankroll.
Either in sportbooks, dice, casino and poker. Bankroll management is crucial aspect.

bitsat alien

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When gambling remember: don't think at it as an income it's just a game, if you lose don't look for recover your losses you can lose more

jpouza

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Quote from: agustina2 on October 14, 2015, 09:57:54 AM

For people to truly understand this loss in the long run thing , one must experienced it to fully know the output of doing gambling for a long run.

Long run means long and painful death, nobody gets rich gambling.

agustina2

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For people to truly understand this loss in the long run thing , one must experienced it to fully know the output of doing gambling for a long run.

shanem

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For casino games, it is not wrong you will lose in the long run because of the house edge.
I don't play casino games because it is a waste of time.

StevenLiang

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Quote from: maku on October 13, 2015, 06:57:44 AM

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

-snip-
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.
-snip-

That is something that I observed as well. Gamblers tend to be pretty superstitious individuals. Falling for every possible fallacy.
That is the main reason we see so many 'surefire strategies' and 100% legit gambling systems. While in reality it is all worthless nonsense.

There are three type of gamblers either in real life or in online.

Not too serious & Just for fun
Too serious & Play with idea to make living with gambling
As you two said, they had mental issues

neochiny

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Crypto.games

indeed you said it just right.
when you gamble long time. you will just,
really lose it all. i experience this many times already.
so when you gamble and won about 100% or 150% of your depposit.
dont be greedy and withdrawal it all.
or you will just lose it all.
ive learn my lessons already. so hope some of you too.

n2004al

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Quote from: pooya87 on October 14, 2015, 07:14:30 AM

Quote from: n2004al on October 14, 2015, 06:36:35 AM

Quote from: stingleword on October 12, 2015, 09:32:53 AM

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.

As the community manager and signature campaign director for a gambling site, I cannot stress this enough.
I have seen people wager more than they can afford to lose many times and it always leads to ruin - win or lose.

Gambling is for entertainment only, and is not a way to make money quick!
The Gambler's Fallacy is just that - a logical fallacy. You cannot predict a table or a game!

Never wager more than you are willing to lose!

It is a very big surprise for me your post (its content). I cannot imagine that one person like you (in your position) make such posts with these words and with that design (bold and big letters for the important things). Congratulations for this.

But do you know that not all the people are equal (even, we can't find two the same; even if are twins) and most of the gamblers finish in addiction from this kind of "entertainment"? Why you did not put limits in overall amounts with which one person can gamble or better, if someone go over one limit in loss of money must stop to gamble (from the machine or from you) and sent at his home?

why would any gambling website do this?!!!
the more users bet and lose, the more they will earn. so if they put a stop on user's bets, amount lost, then they are harming their business. it is not a charity you know.

as stingleword said, people should stop themselves and have self control. it is not anybody else's responsibility to that for them.

You're wrong. To many people lose the control of itself for various reasons. Theoretically every human being named homo sapiens have this characteristic. But not all in the same field or way. Some more easy, some more hard and some other much much harder. If you find "the key" everyone can be addicted to something. Maybe a little, maybe to much and maybe so much that can classified as a disease. It is enough to find the field and to find the way. So your words are not correct. The above wrote from me are applied in a certain way and in only one direction by the hypnotist. They find the key that you, for a certain time, be addicted by him.

So your above words are not true always. Not everyone can stop themselves and not everyone have self control. Gambling is one of the fields of activity which is known that produce more addiction than almost all the other actions or activities. This people must be protected. And if the casinos or online gambling owners will be a little responsible must protect them by the destruction of themselves.

pawel7777

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

...
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.
...

Can you point to few of those 'many' people?
I don't recall seeing any of such claims, unless made as a joke or trolling.

Everyone with half a brain is aware of casinos' advantage. It's a bit different story with poker, you can make a profit if you're good, that's why it's often considered as skill game not gambling.

also: Everyone dies in the long run. So what?

pooya87

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Quote from: n2004al on October 14, 2015, 06:36:35 AM

Quote from: stingleword on October 12, 2015, 09:32:53 AM

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.

As the community manager and signature campaign director for a gambling site, I cannot stress this enough.
I have seen people wager more than they can afford to lose many times and it always leads to ruin - win or lose.

Gambling is for entertainment only, and is not a way to make money quick!
The Gambler's Fallacy is just that - a logical fallacy. You cannot predict a table or a game!

Never wager more than you are willing to lose!

It is a very big surprise for me your post (its content). I cannot imagine that one person like you (in your position) make such posts with these words and with that design (bold and big letters for the important things). Congratulations for this.

But do you know that not all the people are equal (even, we can't find two the same; even if are twins) and most of the gamblers finish in addiction from this kind of "entertainment"? Why you did not put limits in overall amounts with which one person can gamble or better, if someone go over one limit in loss of money must stop to gamble (from the machine or from you) and sent at his home?

why would any gambling website do this?!!!
the more users bet and lose, the more they will earn. so if they put a stop on user's bets, amount lost, then they are harming their business. it is not a charity you know.

as stingleword said, people should stop themselves and have self control. it is not anybody else's responsibility to that for them.

n2004al

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Activity: 1134

Merit: 1000

Quote from: stingleword on October 12, 2015, 09:32:53 AM

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.

As the community manager and signature campaign director for a gambling site, I cannot stress this enough.
I have seen people wager more than they can afford to lose many times and it always leads to ruin - win or lose.

Gambling is for entertainment only, and is not a way to make money quick!
The Gambler's Fallacy is just that - a logical fallacy. You cannot predict a table or a game!

Never wager more than you are willing to lose!

It is a very big surprise for me your post (its content). I cannot imagine that one person like you (in your position) make such posts with these words and with that design (bold and big letters for the important things). Congratulations for this.

But do you know that not all the people are equal (even, we can't find two the same; even if are twins) and most of the gamblers finish in addiction from this kind of "entertainment"? Why you did not put limits in overall amounts with which one person can gamble or better, if someone go over one limit in loss of money must stop to gamble (from the machine or from you) and sent at his home?

Topic: Everyone looses in the long run - page 131. (Read 96775 times)