Topic: Everyone looses in the long run - page 56. (Read 96777 times)

He meant we can be safe if we will not lose all our money and if we will be able to follow the basic principle which is to gamble only the money that we can afford to lose, I think we are safe on that matter while we are also enjoying gambling because we only consider it as an entertainment.

Seriously dude? I think you are the only one here thinking that gambling can be safe. In anyways you are still going to lose some amounts in gambling even those what we call professionals. On the other hand you are correct that greed leads us to losing more.

There is no confusion because gambling is not a giveaway and not even risk free opportunity to make easy money, what make people to lose because they get greedy when they find winning streak than they want to get more and more, that is why the house always get succeed in long term.

True, even how you would adjust those odds on a certain game  the result would be still the same  which is  you would end  up lossing in the end. If you dont want to lose up soo much money then you should not play gambling after all.  Gambling is just for entertainment  and not a source of income.

Let's just say not every one losses because some players(punters) are always breaking even to avoid any loss then there are those gambling against all odds say 10000 odds to 1 dollar thereby allowing them to make a profit if the bookie bash despite all failed attempts!

Higher chance, lower profit. Higher profit, lower chance. Same thing, but one just takes more or less than another. It's still a bad idea to play with more than you can afford.

Your true friends, not just gambling dice. Can we get something it in all this world there is gambling. All gambling have the same opportunity, so as much as any of you tried it does not foster a great advantage for you. Because the advantage you get is only temporary and after that you will get a whopping huge (losses)

Dice sites is good if you are lucky but in the long run you will lose therefore you just play for fun and you will safe there, it does not matter if you lose as long as you enjoy and to be safe does not mean you will not experience any loses, it is just a matter of minimizing your loses.

keep in mind that casinos and the gambling sites actually pay out around 97% of the funds that they take in.  that means that if 100 people bet $1 each in the first hour, that probably $97 was paid back.  Most likely 50-70 people won the same dollar right back, breaking even, another 20 people lost their bets, losing a dollar and a handful made $5-20 returns, doing well.

In the second hour, the same 100 people return and bet an identical $1 with the same overall results.  The difference being that the people that broke even in the first hour have a 25% chance of losing the second hour, those that lost in the first hour have that same 25% of losing again, doubling their loses, and those that won a good amount in hour 1 have the same 25% chance of losing, giving some of the winnings back.

Each and every hour, the casinos has made only $3 off those 100 people, but each and every hour brings every repeat player closer to a loss, slowly depleting the bankroll and any winnings that come along.  Every hour that passes, the casino banks that $3 and the repeat players continue forward, getting closer to the loss.  A player has two choices each hour, quit or keep going.  Eventually any player, along a endless time line will hit one of two results, complete loss or jackpot win.  The odds lie with the complete loss and not the jackpot win.

Take this scene and multiply it times 10,000.  Every hour, casino takes a quiet 3% of the money bet, it does not care who it comes from.  The casino will not cheat, will not steal and will not force anyone, it will simply sit back and collect that 3%, happy each day at the end of the day.  They like the players that win, they bring more business.

I think it's depend on what type of gambling that you gamble. If you gamble on dice sites and provably fair games, you can easily busted if you gamble for long run.

The rule in everything that you invest: ,,Don't invest only what you afford to lose'' so if you have money just for everyday life it is obvious that you will keep that money safe. gambling its not for everyone

That's why don't keep any target while gambling instead just think that you're gambling for just fun and if you win any money then you think that day you're lucky. But don't gamble every day because you may lose lot of money instead just gamble weekly or monthly couple of time with fixed amount.

That's why people with low income should never view gambling as source of money, because loses will always be more painful than happines from winnings. And overall gambling should be viewed as entertainment, not money making or profession.

the problem is that peoples loses in long run because they are greedy, they see that have good profits and they want to earn more and more in a short time so they bet slipshod on everything that they found ,also they start to bet huge amounts .thats the job of a profesionist ,they know when to stop ,when and where to bet

Having a good finantial plan certainly decreases your chances for doing big mistakes. It is important to be always prepared to avoid failure situations, because sooner or later things can become more difficult.

Only 1% of sports gamblers make money. An you better believe that ALL of those 1% have a $10,000 bankroll and are placing $100 wagers or less. Gotta nickel and dime the bookies. Unless you know someone on the teams. No reason to go "all in". You will run out of money before the bookie does

The only way the casino loses is when they have spent a lot of money for promotion but end up they cannot attract more clients to play in their casino, but for the popular gambling sites they are making money everyday and they always wins all the time.

yeah the fact that a casino created for sure profit means almost 90% of casino get success to make profit from their loser player , as long as the casino have an almost unlimited bankroll to cover a lucky winner at some point. but soon or later the crazy lucky player would back to gamble and lost all they earned before.

I take long run as keep playing non stop in long sessions. Yes in this case we expose ourselves to many risks as house turns to be in better position. In long term gambling results can be different but in long run almost everyone like majority of gamblers always loose. This has happened to me as well many times but I still don't stop repeating this.

Even if we are playing a gambling game where there is no house edge but failure to control our emotion will make us lose in the battle, all our winnings will be gone with just one wrong decision.