Everyone looses in the long run - page 67.

bitcoinboy12

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Quote from: diegz on July 30, 2016, 09:20:33 AM

Quote from: Achargeturry78 on July 30, 2016, 08:49:26 AM

we all know that gambling is propose to give fun and relaxation for the one who plays it. but we can say that it is not for a long run because it is just a matter of luck. sometimes you won and sometimes not but the important thing to remember is don't be addicted to it because sooner or later, you'll gonna end up with nothing left at you. properties, money or even bitcoin, all of it can disappear in no time.

That's true, there is a chance that you will lose everything that you have if you keep on gambling, specially if you can't accept the truth if you fail in gambling, you will always chase your losses and start to act weirdly and betting desperately aiming at your goal to win what was gone..

And as a matter of fact I know a lot of people myself who have lost basically all of what they have just because of gambling. Better take this seriously else you might end up just like them.

diegz

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Quote from: Achargeturry78 on July 30, 2016, 08:49:26 AM

we all know that gambling is propose to give fun and relaxation for the one who plays it. but we can say that it is not for a long run because it is just a matter of luck. sometimes you won and sometimes not but the important thing to remember is don't be addicted to it because sooner or later, you'll gonna end up with nothing left at you. properties, money or even bitcoin, all of it can disappear in no time.

That's true, there is a chance that you will lose everything that you have if you keep on gambling, specially if you can't accept the truth if you fail in gambling, you will always chase your losses and start to act weirdly and betting desperately aiming at your goal to win what was gone..

Achargeturry78

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Just follow the rules

we all know that gambling is propose to give fun and relaxation for the one who plays it. but we can say that it is not for a long run because it is just a matter of luck. sometimes you won and sometimes not but the important thing to remember is don't be addicted to it because sooner or later, you'll gonna end up with nothing left at you. properties, money or even bitcoin, all of it can disappear in no time.

Kimi80

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Not everyone, but most of players really lose in the long run just cause house have huge bankroll, that means they have a big advantage in the game. I have strategy in gambling, I call it hit & run! Not big money, try few games if I hit something, I stand up and run away. Cause of that I like to bet on sport games more then anything else, I find game or two with good odds and if you hit them good I take the money and I walk away, if I lose then I just find new games.

Gambling can be very addicting game, in order to not fall in addiction never go in casino to take your money back. That is a trap in my opinion, nobody can take money back from them.

Mr. Big

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Quote from: Matt Guy on July 29, 2016, 01:55:05 PM

Planning decreases your chances of mistakes, but it's important to be prepared
to deal with failure situations, because sooner or later may happen.

That's not true, mistakes are inevitable in gambling, there is no clue which one will be the right bet and which one is the wrong, or what card your opponent hold.. losing is also inevitable, that is why you should have prepared your self to accept that the money in your bankroll when you are gambling is already owned by the house or by the others that are playing..

buddu

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Even professional gamblers have no exception of loosing because some people refer at poker where professionals compete each other. They ignore the fact that even one of two professional only one wins in spite of experience. This obvious thing to happen everyone in long run as gambler to loose at some stage of his gambling life to remain without everything.

Positid

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BULL RUN until 2030

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Quote from: Matt Guy on July 29, 2016, 01:55:05 PM

Planning decreases your chances of mistakes, but it's important to be prepared
to deal with failure situations, because sooner or later may happen.

I believe it too, before you are going to gamble make sure the amount you are going to gamble is you afford to lose. And make sure that it is not going to hurt your feelings whenever you are going to lose. But it is really necessary that in the end all of the gamblers are just losin easily.

That should be the practice if you are only having fun, but for professionals it is a different setting because they gamble more to win more and they are the persons who mostly make the right decision and in the long run will make money. They are the exemption to the rule.

Matt Guy

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Planning decreases your chances of mistakes, but it's important to be prepared
to deal with failure situations, because sooner or later may happen.

STT

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Quote from: Maslate on July 28, 2016, 07:08:35 AM

Even if there is no house edge like in sports betting

There is always a house edge even in sports betting. If there was no edge they would be doing the service for free, the odds they quote include their fee and they gain a percentage of bets placed by doing so. Even when people win they get slightly less then the losers on the same bet lost, so the house or sports book makes the difference between the two and cannot lose overall like a bettor does.

Thats presuming the book is balanced, I guess sports bets also get alot more bets one side then the other. Its upto them how they handle that risk or maybe just close the book if its going too far one way but usually they keep making the odds worse I think. Anyhow every betting operation is taking fees.

Same deal happens with foreign currency exchange, especially when they insist its a free service. They make a ton of money on the two rates not matching evenly. Thats normal competitive capitalism, its a skill to spot the best odds I guess

aranachristianjay

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Quote from: trafficolaa on July 29, 2016, 02:35:41 AM

Quote from: Aero Blue on July 28, 2016, 10:31:43 AM

of course lol or else gambling wouldn't exist

Actually the house designed to generate income for the owners of the casinos, the question why people are losing more than they are winning, because most of the people get started with low bankroll and when they won huge amount by chance, than they get greedy and want more and more, that is the reason they are losing all their money to the house.

Yeah,

at first when you just have a low amount of money to bet at the games, you tend to always win.

But because of that You will become greedy at the end and eventually makes your earning lose in the game.
Online casinos have a lot of mysteries especially in the games like dice and Roulette.

So better to be contented on small winnings and come back after some time.

trafficolaa

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Quote from: Aero Blue on July 28, 2016, 10:31:43 AM

of course lol or else gambling wouldn't exist

Actually the house designed to generate income for the owners of the casinos, the question why people are losing more than they are winning, because most of the people get started with low bankroll and when they won huge amount by chance, than they get greedy and want more and more, that is the reason they are losing all their money to the house.

upsidedown75

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Quote from: Aero Blue on July 28, 2016, 10:31:43 AM

of course lol or else gambling wouldn't exist

Yep. Casino owners would only go bankrupt and shut their business down if they are not earning and the players just keep on winning. Imagine a scenario of 10 people in a casino. Among them 9 would lose and 1 would win but the reward is the total bet of 9 people only. The missing 1 bet is the pay for the casino. I'm not sure if I explained that properly as I'm really bad at explaining.

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Quote from: pearl11 on July 28, 2016, 09:50:38 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. As some people says lrarn from your mistakes.

I don't think even after knowing gambling is not good for a longer term, one need to gamble for a long run to learn a lesson. People can learn a lesson by reading already experienced gamblers feedback. If everyone need to the gambler to understand then, everyone needs to lose a lot of money to learn this hard lesson.

pearl11

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speaking of gambling, we are primarily talking about intimate experience , taking a very delicate notes and affecting the dark depths, which are only the work of one man, only it is concerned, not to say that losing your luck is very easy due to clear reasons or feelings that are very difficult to control, so the company gambling for entertainment , but not for a big risk, we know many examples where this rule does not work and therefore starting disorders and charges of all kadogo, approach to gambling is necessary carefully and everything before that, carefully considered, what will be the consequences of certain decisions and what will be the impact player after the outcome

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Quote from: freedomgo on July 28, 2016, 10:35:58 AM

Quote from: Jimbola3 on July 28, 2016, 09:55:03 AM

Quote from: chixka000 on July 28, 2016, 08:30:48 AM

Quote from: TheUltraElite on July 27, 2016, 03:06:02 PM

Hello
I agree with the OP. Gambling is never a good investment. It is always a loss. So you should gamble only that money which you are willing to lose in the first place.Also luck is a factor. Maybe 1 in every 10000 people do make a profit and that is the reason why people flock at casinos - in hope of earning easy cash but that never occurs.

if you would just say the general way of gambling then i must disagree with you because as you can see gambling site owners invested some amounts and now keeps on circulating too fast but if you are referring to be a player then i must agree with you.

I don't know what you are agreeing with or not but its to be sure that gambling is not a way to earn profit as a daily basis or in reliable way because the house wins at last for sure as up to you are playing in a long run !

Of course, there is no question about that, our chances are lower compared to the house and even if we think that we can outsmart the gambling sites but in reality we are just fooling ourselves and we are all subjected to the reality that we all lose in the long run.

Yes that is the fact about gambling, and a lot of gambling site will not allow for themselves to bite the dust they will just keep on the top and by doing so there will be a sacrifice and that is the gamblers that playing it and losing so much in a bet. they will keep on profiting over that!

freedomgo

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Quote from: Jimbola3 on July 28, 2016, 09:55:03 AM

Quote from: chixka000 on July 28, 2016, 08:30:48 AM

Quote from: TheUltraElite on July 27, 2016, 03:06:02 PM

Hello
I agree with the OP. Gambling is never a good investment. It is always a loss. So you should gamble only that money which you are willing to lose in the first place.Also luck is a factor. Maybe 1 in every 10000 people do make a profit and that is the reason why people flock at casinos - in hope of earning easy cash but that never occurs.

if you would just say the general way of gambling then i must disagree with you because as you can see gambling site owners invested some amounts and now keeps on circulating too fast but if you are referring to be a player then i must agree with you.

I don't know what you are agreeing with or not but its to be sure that gambling is not a way to earn profit as a daily basis or in reliable way because the house wins at last for sure as up to you are playing in a long run !

Of course, there is no question about that, our chances are lower compared to the house and even if we think that we can outsmart the gambling sites but in reality we are just fooling ourselves and we are all subjected to the reality that we all lose in the long run.

Aero Blue

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of course lol or else gambling wouldn't exist

Jimbola3

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Quote from: chixka000 on July 28, 2016, 08:30:48 AM

Quote from: TheUltraElite on July 27, 2016, 03:06:02 PM

Hello
I agree with the OP. Gambling is never a good investment. It is always a loss. So you should gamble only that money which you are willing to lose in the first place.Also luck is a factor. Maybe 1 in every 10000 people do make a profit and that is the reason why people flock at casinos - in hope of earning easy cash but that never occurs.

if you would just say the general way of gambling then i must disagree with you because as you can see gambling site owners invested some amounts and now keeps on circulating too fast but if you are referring to be a player then i must agree with you.

I don't know what you are agreeing with or not but its to be sure that gambling is not a way to earn profit as a daily basis or in reliable way because the house wins at last for sure as up to you are playing in a long run !

pearl11

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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. As some people says lrarn from your mistakes.

dmarine

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There is no constant winning streak in Cryptoland, the important thing is to overcome and learn from previous mistakes.

Topic: Everyone looses in the long run - page 67. (Read 96777 times)