Fate or lack of control - Gambling - page 16.

molsewid

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Quote from: lienfaye on April 06, 2021, 08:41:55 PM

The one who control our fate is us. We cant lose money if we dont gamble, thus its our own decision to risk the money that we have in order to play (regardless of the reason on why we gamble).

But if we are already playing, the outcome depends on luck or your fate. I believe no matter how good you are as a gambler your chances to win depends how lucky you are. Just like in lottery, its a one in a million chances to win, if you're destined to be lucky then you might hit the jackpot.

Certainly it is true, it is us who are doing our fate, who are doing our moves because fate comes only on how are we going to work out our life decisions like for example in gambling. I didn't really meant that we shouldn't have to gamble but what we really intend to say was to not blaming the certain circumstances of our actions because we are the one who are in control on this matter on the first place.

Stalker22

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Quote from: Questat on April 08, 2021, 06:39:02 AM

Don't bet on games with house edge if you want to be a successful gambler, that's the main recipe to success. Slots, roulette and even dice with a house edge of 1% , you will still lose, lower house edge better chance to stay longer in gambling but in the long run you will still loss.

Reality is necessary, we will only know it if we understand what our real chances, that's why I focus on sports betting now as I think there's no house edge in this kind of game, some may say there is but I say there's none.

How do you explain your point that there is no house edge in sports betting?
That means that if you bet on two completely opposite outcomes at the same time, as long as there is no third choice, you do not risk anything? That, however, is not the case.

I think every bookie has to have a house edge. Otherwise, they would lose their liquid assets very quickly.

peter0425

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Quote from: Ucy on April 08, 2021, 04:34:29 AM

Quote from: Vaskiy on March 11, 2021, 10:14:20 AM

Some used to pacify themselves with the term it is their fate to loss in gambling. Some say it is the lack of control that makes them loss big. Here I'm taking this into discussion relative to the game - Dice.

Same as this some used to mention winning as fate and some term the same as luck. I believe win out of dice is trick, and right exit strategy.

What is the truth in this regard, because users like me are always go lack of control even when luck is on our side. End of the day used to pacify thyself terming it as our fate and move on. Hope you guys don't do this mistake. Cry

I guess you mean some lose gambling in bets or just betting in general?

In regards to the dice game, most people see it as luck-based game... I have my doubts though , I think you'd probably need to be extraordinarily skillful/talented to be able to have strategies that give you consistent winnings/profits in dice. If it's based on luck, then the winners have been predestined to win their games fairly through "luck", assuming the game is really provable fair, and safe too

how would you know when you are a Hater of gambling? you are just talking about what you read but you don't know whats inside gambling so stop your speculation and just focus on You "GOD" topics in off topic section.
stop pretending to know everything about gambling just to increase your post count for bonus when we already knew that you are not a Gambler by chance.

Questat

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Quote from: Stalker22 on April 08, 2021, 06:24:30 AM

Quote from: RealMalatesta on April 08, 2021, 03:33:28 AM

Quote from: passwordnow on April 05, 2021, 05:47:05 AM

If someone gambles, it's already attached that losing is always be one of the results. Well, there's not that much result but only two exists, to win and to lose.
But most of the results that would happen to us is losing, this happens very often whether you're good and discipline. It's inevitable and whether it's your fate, you must come up with a plan and I agree with what you've said about knowing when you should stop. Whether you win a lot or lose a lot, you should know how to stop.

It is not about most results being losing. If you gamble on a 50% chance game that means you will win 50% of the time and lose 50% of the time, and on a long enough period of time it will reach there and stay there and you will not end up losing more than you win.

However the reward payments are if you wager 100 bucks, you win 99 bucks when you win and you lose 100 bucks when you lose, that 1 dollar difference is called the house edge and that is why people do not gamble and win, not in the long run.

House edge makes sure that the regular odds of what should happen in the long run helps the casino to profit and that is why there is a low chance that you will make some money on gambling. Obviously anyone can get lucky and win a huge amount, I can go to any website, bet on the lowest chance to win, usually 9999x in many places, and win that if I am lucky, but that doesn't change the fact that in the long run I will lose that too.

Yeah. The house edge is an extremely important factor for successful gambling. The cash win is probably the most important reason for playing casino games. The one who says he doesn't like winning is undoubtedly lying, because when it comes to being able to win money quickly and while having fun, there's hardly greater pleasure.

However, if you've ever played a game of chance, you'll know that the odds are almost always stacked in favor of the house or casino. As a result, one thing should be understood: losing is an unavoidable aspect of gambling. In games with a low house edge, the player's skill can make a difference, making success less reliant on pure luck.

Don't bet on games with house edge if you want to be a successful gambler, that's the main recipe to success. Slots, roulette and even dice with a house edge of 1% , you will still lose, lower house edge better chance to stay longer in gambling but in the long run you will still loss.

Reality is necessary, we will only know it if we understand what our real chances, that's why I focus on sports betting now as I think there's no house edge in this kind of game, some may say there is but I say there's none.

Stalker22

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Quote from: RealMalatesta on April 08, 2021, 03:33:28 AM

Quote from: passwordnow on April 05, 2021, 05:47:05 AM

If someone gambles, it's already attached that losing is always be one of the results. Well, there's not that much result but only two exists, to win and to lose.
But most of the results that would happen to us is losing, this happens very often whether you're good and discipline. It's inevitable and whether it's your fate, you must come up with a plan and I agree with what you've said about knowing when you should stop. Whether you win a lot or lose a lot, you should know how to stop.

It is not about most results being losing. If you gamble on a 50% chance game that means you will win 50% of the time and lose 50% of the time, and on a long enough period of time it will reach there and stay there and you will not end up losing more than you win.

However the reward payments are if you wager 100 bucks, you win 99 bucks when you win and you lose 100 bucks when you lose, that 1 dollar difference is called the house edge and that is why people do not gamble and win, not in the long run.

House edge makes sure that the regular odds of what should happen in the long run helps the casino to profit and that is why there is a low chance that you will make some money on gambling. Obviously anyone can get lucky and win a huge amount, I can go to any website, bet on the lowest chance to win, usually 9999x in many places, and win that if I am lucky, but that doesn't change the fact that in the long run I will lose that too.

Yeah. The house edge is an extremely important factor for successful gambling. The cash win is probably the most important reason for playing casino games. The one who says he doesn't like winning is undoubtedly lying, because when it comes to being able to win money quickly and while having fun, there's hardly greater pleasure.

However, if you've ever played a game of chance, you'll know that the odds are almost always stacked in favor of the house or casino. As a result, one thing should be understood: losing is an unavoidable aspect of gambling. In games with a low house edge, the player's skill can make a difference, making success less reliant on pure luck.

Ucy

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Quote from: Vaskiy on March 11, 2021, 10:14:20 AM

Some used to pacify themselves with the term it is their fate to loss in gambling. Some say it is the lack of control that makes them loss big. Here I'm taking this into discussion relative to the game - Dice.

Same as this some used to mention winning as fate and some term the same as luck. I believe win out of dice is trick, and right exit strategy.

What is the truth in this regard, because users like me are always go lack of control even when luck is on our side. End of the day used to pacify thyself terming it as our fate and move on. Hope you guys don't do this mistake. Cry

I guess you mean some lose gambling in bets or just betting in general?

In regards to the dice game, most people see it as luck-based game... I have my doubts though , I think you'd probably need to be extraordinarily skillful/talented to be able to have strategies that give you consistent winnings/profits in dice. If it's based on luck, then the winners have been predestined to win their games fairly through "luck", assuming the game is really provable fair, and safe too

RealMalatesta

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Quote from: passwordnow on April 05, 2021, 05:47:05 AM

If someone gambles, it's already attached that losing is always be one of the results. Well, there's not that much result but only two exists, to win and to lose.
But most of the results that would happen to us is losing, this happens very often whether you're good and discipline. It's inevitable and whether it's your fate, you must come up with a plan and I agree with what you've said about knowing when you should stop. Whether you win a lot or lose a lot, you should know how to stop.

It is not about most results being losing. If you gamble on a 50% chance game that means you will win 50% of the time and lose 50% of the time, and on a long enough period of time it will reach there and stay there and you will not end up losing more than you win.

However the reward payments are if you wager 100 bucks, you win 99 bucks when you win and you lose 100 bucks when you lose, that 1 dollar difference is called the house edge and that is why people do not gamble and win, not in the long run.

House edge makes sure that the regular odds of what should happen in the long run helps the casino to profit and that is why there is a low chance that you will make some money on gambling. Obviously anyone can get lucky and win a huge amount, I can go to any website, bet on the lowest chance to win, usually 9999x in many places, and win that if I am lucky, but that doesn't change the fact that in the long run I will lose that too.

maydna

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Quote from: ?? on ??

Faith has little to do when it comes to gambling you have to set a self discretion and set limit. The truth is when you are a day to day gambler you need to have a strong self control.

Faith is not related to gambling, but destiny has. When our destiny say we will lose from gambling, we will lose, and we can't stop the destiny because it is already written on the GOD books. But we can prevent the loss by having self-control, so the loss will not be too big, and I heard that if we are often giving something beneficial to other people, we can reduce the bad thing impact. So if we can have self-control and prevent the loss, the loss itself will not be too bigger.

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Quote from: acquafredda on April 06, 2021, 12:26:57 PM

It is easy to write and comment on the topic but I would like to see you guys the moment your sweat is cold and you are about to do your next move before losing everything. In theory, everything should be under control right? But when you gamble you face reality, and that can hit you very bad.

TBH, when I'm still new in gambling I would think that it would be that easy until the moment that I lose all of my money.

I thought that everything is under my control but it really isn't. The reality is that whenever you lose, you will have this feeling that you need to regain your losses and will invest more. I felt that too but overtime, I learned how to control myself when I'm gambling and I successfully learned it fortunately. When I'm gambling back in the days, there are times that it hit me so bad and will lose everything but instead of reinvesting I will just play online games so that the feeling of regret and disappointment will go away and that worked for me.

Silberman

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Quote from: finaleshot2016 on April 04, 2021, 11:30:23 AM

Quote from: Silberman on April 03, 2021, 08:55:22 PM

I think it is both, a person will need to be extremely ignorant about gambling to not know that the casino has an edge over them, we all know that, so why people still keep losing more money than what they are willing to lose when they gamble despite knowing this obvious fact? And the answer is very simple, people are not rational every single second of the day, we take a lot of decisions based on our emotions and while there are circumstances in which that is the correct thing to do, like when you decide who you are going to marry, there are also many circumstances in which this is incorrect like in gambling.

Agreed, it's because of our emotions that we make poor decisions; it's difficult to think clearly, particularly if you enjoy gambling and have already agreed to gamble anything for a big payoff. People continue to lose money because they are curious where their money would go if they use it in gambling, resulting in addiction and a loss of control. That's why gambling platforms should implement precautions to lessen this kind of cases but of course they will not do that because it's their advantage to gain profit from this kind of people.

Fiat casinos are already implementing features that allows you to disallow access to your account on your own in the case you think you are gambling too much , while this is not a lot at least they are doing something about it, but we need to be honest if we do not want to make the mistake of betting too much while we gamble then we are on our own, I enjoy gambling but with moderation, that way even if I lose some money I am not really affected by it as I would have spent that money anyway in other forms of entertainment.

lienfaye

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Quote from: Swopon on April 06, 2021, 08:16:42 PM

In this regard, you can't blame the fate. If you lose a big amount then I will say it is caused for lack of your control or knowledge. Fate indicates the destiny and losing funds can't be a Destiny. I am not a regular gambler and didn't even lose huge.

The one who control our fate is us. We cant lose money if we dont gamble, thus its our own decision to risk the money that we have in order to play (regardless of the reason on why we gamble).

But if we are already playing, the outcome depends on luck or your fate. I believe no matter how good you are as a gambler your chances to win depends how lucky you are. Just like in lottery, its a one in a million chances to win, if you're destined to be lucky then you might hit the jackpot.

Swopon

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Gamdom

Quote from: Vaskiy on March 11, 2021, 10:14:20 AM

Some used to pacify themselves with the term it is their fate to loss in gambling. Some say it is the lack of control that makes them loss big. Here I'm taking this into discussion relative to the game - Dice.

Same as this some used to mention winning as fate and some term the same as luck. I believe win out of dice is trick, and right exit strategy.

What is the truth in this regard, because users like me are always go lack of control even when luck is on our side. End of the day used to pacify thyself terming it as our fate and move on. Hope you guys don't do this mistake. Cry

In this regard, you can't blame the fate. If you lose a big amount then I will say it is caused for lack of your control or knowledge. Fate indicates the destiny and losing funds can't be a Destiny. I am not a regular gambler and didn't even lose huge.

Twentyonepaylots

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Quote from: acquafredda on April 06, 2021, 12:26:57 PM

It is easy to write and comment on the topic but I would like to see you guys the moment your sweat is cold and you are about to do your next move before losing everything. In theory, everything should be under control right? But when you gamble you face reality, and that can hit you very bad.

That is why self-control is very essential in gambling, whatever the game is. If you don't know how to control yourself, you'll just lose all your winnings, maybe even lose all of your money. Regardless of how much you win or lose, if you have the ability to control yourself, you are automatically winning, because through that you will be able to recoup losses with decisive wins, and control losses as well.

Lucasgabd

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Quote from: bitzizzix on April 01, 2021, 11:36:06 AM

Quote from: michellee on April 01, 2021, 10:41:50 AM

Quote from: Lucasgabd on April 01, 2021, 08:25:36 AM

definitely, that's a nice topic to discuss
makes sense that with pure luck games you can only control your risk management and emotions so you don't go broke, but you can still have an 'unluck sequence' of bets and lose it all, that's why imiting available bankroll for that is a must

Controlling ourselves in gambling will be above everything because that is one thing that we must have. Otherwise, we will lose everything that we have. But it can be a fate for us to losing money from gambling, especially if we do not remember when to stop playing gambling. We must realize that playing gambling can make us losing money slowly or faster, depend on how much money we use to bet.

Gambling games that rely on luck are only excessive curiosity and make you feel like you want to continue playing out of curiosity.
without realizing what you do will gradually drain the money you have and you have to be able to control it because that is the allure of the game of luck, having a curiosity that keeps you playing.
when luck is on its side, people don't realize how many defeats have been missed, and self-control should be on us when we start playing.

yes!
interesting how we can cross this concept with high leverage trading
heard from traders that are friends of mine: "but before losing it all I won 8 times in a row", just like Taleb's character's, not Nero's one, on the book "Fooled by randomness", when losing it all due to bad risk management

acquafredda

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It is easy to write and comment on the topic but I would like to see you guys the moment your sweat is cold and you are about to do your next move before losing everything. In theory, everything should be under control right? But when you gamble you face reality, and that can hit you very bad.

geegaw

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Quote from: Mauser on April 05, 2021, 01:44:12 PM

Quote from: Lordhermes on April 05, 2021, 12:25:31 PM

Quote from: acquafredda on April 05, 2021, 08:54:26 AM

And like all the worst addictions gambling can ruin people's lives.
If it would be seen as gaming rather than gambling, meaning if it is only some killing time activity done not that ofte, it could also be great and fun. But when it turns into an addiction, then the negative black hole starts spinning.
Educating yourself about the potential threats that can come from gambling is the first step to avoid ever get caught in that supermassive black hole.

A gambler must surely be addicted to predicting several games, casinos and other gambling facilities. Therefore, there are some specific activities that helps reduce the rate at which a gambler predicts and bets. Extra curriculum endeavour can actually be a helpful factor in winning the urge to be always finding yourself into gambling. This will certainly help.

For me controlling my gambling habits is the most important part of winning and losing. I don't really believe in fate when I gamble, it is up to me to decide if I stop after a winning session of if I continue to gamble it all away again. Controlling our actions for our long term plans is key here. What I like a lot lately is the 24hrs Panic Button for casinos. If I find myself losing a bit too much, or being up a lot, I can just press the button be locked out for 24 hours. Sometimes we just need a little help to control our gambling habits better.

There is no reason not to believe in fate but I also believe more that our fate is determined by us, especially in gambling, the worst possible scenarios may not happen if we have a strong foundation of will, typical like you and some others, go according to plan has been set up, instead of turning the other direction. However, creating such a good habit is not easy while bad habit is easier, the bog of gambling also begins with letting everything be decided by fate, feelings of loss erode a player's plans and determination and lets everything slip out of reach

maydna

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Quote from: KTChampions on April 05, 2021, 08:22:53 AM

Quote from: maydna on April 05, 2021, 03:06:28 AM

~snip~

The funny thing is that if these people later got rid of their addiction but did not find themselves some other interesting occupation, they recall the old days with nostalgia - after all, they had a goal and an eager thirst for gambling. They experience such emotions even though they realize it was an unhealthy condition.

If they can get another occupation instead of gambling as their job, they will have a better life. At least, they can get paid weekly or monthly, so they don't have to risk their money by playing gambling. They can recall the old days when they were playing gambling before, and they can tell the story with the other people, and they can also suggest them not to playing gambling very often. That will help other people know the risk of playing gambling and prevent losing money.

passwordnow

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Quote from: freedomgo on April 05, 2021, 05:56:49 AM

Quote from: passwordnow on April 05, 2021, 05:47:05 AM

If someone gambles, it's already attached that losing is always be one of the results. Well, there's not that much result but only two exists, to win and to lose.
But most of the results that would happen to us is losing, this happens very often whether you're good and discipline. It's inevitable and whether it's your fate, you must come up with a plan and I agree with what you've said about knowing when you should stop. Whether you win a lot or lose a lot, you should know how to stop.

It also depend on the game you are playing, a game that is won only by luck, there's no way you can win in the long run, your discipline may help but not to win but to enjoy and minimize your loses. There are only 2 outcome, win or loss but it's not true that we loss most of the time if we know how to choose our game.

How did the two outcomes which are winning and losing isn't true? that's the truth and when we gamble, there's no other outcome but only those two but more chance of losing if you're not disciplined as you've said.

Quote from: Raflesia on April 05, 2021, 07:07:26 AM

Quote from: passwordnow on April 05, 2021, 05:47:05 AM

If someone gambles, it's already attached that losing is always be one of the results. Well, there's not that much result but only two exists, to win and to lose.
But most of the results that would happen to us is losing, this happens very often whether you're good and discipline. It's inevitable and whether it's your fate, you must come up with a plan and I agree with what you've said about knowing when you should stop. Whether you win a lot or lose a lot, you should know how to stop.

We already know that in the game of gambling there are two choices of winning and losing, but the most important thing is that all of our self-control must be properly maintained, meaning that we don't spend a lot of money even though we already know to lose, discipline is very important there and emotional control and good strategy should be how to use it, don't use the winning benchmark continuously because gambling is a big risk, we can only enjoy a moment where big wins happen, but these opportunities don't come often only luck and fate will determine.

Having self-control, budgeting of bankroll is part of it. You'll get to know yourself how much you're eager to win or to willing to lose upon the assessment of yourself towards self-control.

Stedsm

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Quote from: hahay on April 05, 2021, 01:54:21 PM

So there is no harm if they are used to it, because with them being used to gambling I'm sure they must have their own way when losing at gambling. Therefore, when they have control then making gambling as a source of income might be fine for those who are used to it but indeed, the most important thing is not to make gambling a source of income because after all gambling is just for fun with any outcome that will be obtained.

Mate, you're talking about gambling not trading. Gambling can only give you something huge once, twice or maybe thrice if you're so damn lucky you know? But if you're going to cradle it as a habit, you'll regret later or maybe forever. I mean, gambling is good to reduce stress but what if it becomes the reason of stress itself? Then it's needed to be left at some point no? Even with great control, nobody here can predict almost everything to be true because the best bettors have said that a gambler whose portfolio has 60% wins and 40% losses is a real gambler because he'd been gambling for many more years compared to any other gambler against him.

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Quote from: hahay on April 05, 2021, 01:54:21 PM

Quote from: BITCOIN4X on April 05, 2021, 01:34:58 PM

Quote from: hulla on April 05, 2021, 01:24:51 PM

First and foremost using gambling as a source of income is never advisable and it's one of the first Dont's of gambling because it can cause collateral damage.

Of course it would be wrong if a gambler considers gambling as a place for a source of income. If so, they should be consulted to change their mindset at gambling. But I don't want to blame those who are used to it, they will shape their own destiny on gambling.

Quote from: hulla on April 05, 2021, 01:24:51 PM

However, I said earlier gambling is not for everybody because it was meant for people who can deal with the risk involved in the game not people who will turn it into an addict or blame the provider for his own mistakes.

I think it is true, for activities that risk money, they must consider the risk and accept the consequence. Gambling is a place where our money is always on the verge of defeat and victory. Skill only minority supporter, luck is expected and decisive.

So there is no harm if they are used to it, because with them being used to gambling I'm sure they must have their own way when losing at gambling. Therefore, when they have control then making gambling as a source of income might be fine for those who are used to it but indeed, the most important thing is not to make gambling a source of income because after all gambling is just for fun with any outcome that will be obtained.

Source of income is only to those who had able to reach out the situation where gamblers could able to sustain themselves but this isn't for everybody.This do mostly talks for those
card games or sports betting not on those casino or pure based luck type of game.

We should really have different perspective towards gambling because if we do mind on getting rich with it then its already a mistake that you are doing because it shouldn't be supposed on that way.

You do only realize when you had already committed the mistake and experienced some unfortunate events.

Topic: Fate or lack of control - Gambling - page 16. (Read 12292 times)