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Topic: Gamblers lose more money than win. - page 11. (Read 27580 times)

legendary
Activity: 2226
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November 16, 2020, 07:58:48 PM
#89
you will always get lost than win, if you are given 5 production matches, you will definitely get 2 correct and 3 lost. So in that case, the percentage of loosing over winning is pretty high,
Yep, it is the common fact that the chance to lose is surely higher than the chance to win. I think it is not about how hard your efforts, but mostly about the luck itself. Indeed, there are some games depending on the skills. Yes, the skills got from your efforts + experience. However, finally, luck always has a big role to win in gambling. While the luck doesn't seem quite big as the chance is a much lower.
hero member
Activity: 2058
Merit: 538
Leading Crypto Sports Betting & Casino Platform
November 16, 2020, 07:58:43 PM
#88

So based on some "facts" given by the OP, it was referring to gambling experience at land-based or physical casinos.

That's the usual thing we can see in the environment there. Since people there have different ways and approaches on how they are managing their gambling experience, it leads to various post-effects, either some are still discipline or worst, some become depressed.

Well then, we can't control it. Let gamblers experienced the worst so they will know how to deal with it. If they will able to cope with the problem, then good. If not, then unfortunate to them.
Let the gamblers who have an addiction problem solve their own problems because the majority will still continue to do what they are doing. The problem was not on the casino's side and it has never been. The post-effects will either destroy the mental health or that person will suffer from the lack of kindness from close friends or family circles.

The true face of gambling addiction costs more than entertainment they get from playing casino games, facing it always hurts but gamblers will think next time before entering the casino.
legendary
Activity: 3122
Merit: 1398
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November 16, 2020, 07:52:02 PM
#87

So based on some "facts" given by the OP, it was referring to gambling experience at land-based or physical casinos.

That's the usual thing we can see in the environment there. Since people there have different ways and approaches on how they are managing their gambling experience, it leads to various post-effects, either some are still discipline or worst, some become depressed.

Well then, we can't control it. Let gamblers experienced the worst so they will know how to deal with it. If they will able to cope with the problem, then good. If not, then unfortunate to them.
member
Activity: 952
Merit: 27
November 16, 2020, 07:50:36 PM
#86

The gambling industry whether online or offline will crumble if more gamblers wins than losing, on online casinos it's the house edge that keep the online casinos sustainable, on offline casinos it's the
Quote
Failure-To-Walk-Away
habit and fatigue, they just go on and on until all they've won are loss, so it's always gamble with money that you can afford to lose and always have some fun
hero member
Activity: 2730
Merit: 632
November 16, 2020, 06:59:30 PM
#85
House always wins but there is no need to treat gambling as only a form of entertainment. Some people just enjoy gambling while another group of people just want to make a small income which is not stable over the long term. If the math was not behind the winning odds on casinos, almost all gamblers were millionaire now. This is another form of making money for casino owners, they only care about increasing the revenue while gamblers analyze the conditions on how to recover from the loss.

Mostly that happens but if a player have proper discipline and know when to stop for sure they can minimize the risk and defy the sayings that house always wins, majority lose because they insist to stop whenever they are in profit or continuos losing that's why if they know where to end up their game times for sure they  can accumulate some winnings even if it's low percentage only.
Not all would really have that kind of control that's why majority of them do really fail to do so and the main reason? Its Greed. its hard to control when you are midway
or in a game because your mind will keep telling you that you might able to hit some win on next bet until you lost it all.
People shouldn't really be playing too much or make themselves compulsive towards gambling because it wont really give any good thing in the end of the thread.
Just enjoy on what you do pay for and as said by others where winning is just really a bonus.
sr. member
Activity: 1232
Merit: 379
November 16, 2020, 05:40:30 PM
#84
Normally, to gamble corrected is not am easy thing to do, you will always get lost than win, if you are given 5 production matches, you will definitely get 2 correct and 3 lost. So in that case, the percentage of loosing over winning is pretty high, and in another case, you might try to play it cool while the winning outcomes might not reach the total amount spent so far except for some lucky better that hit big and recover their lost money played so far.
Now casino works this way, newbies feeds the company with money while oldies with gambling experience gets the money gradually, so that circulation continues.
legendary
Activity: 2758
Merit: 1228
November 16, 2020, 05:34:00 PM
#83
It isn't the first time that someone knows it, gambling owners are making lots of profit from the people. Greediness is one of the reasons why there's a lot of people suffering from more losses than winning. Gambling is designed for entertainment purposes only if someone is thinking to make gambling as a source of income then he will expect the risk of losing more money in the process than winning. So in the long run casinos are still the one gaining the advantage.
Gambling wont be a profitable business if people arent greedy thats why those people who do invest into this business will really most likely to earn profit due to this reason.

If we do try to look at on how many sites are existing nowadays or businesses neither online or offline then you can really tell that theres soo much demand on it and generating millions of revenue.

This is why its pretty common that lots of people are losing because it give lots of profits to those who do built this kind of business
and also with the common line "HOUSE DO ALWAYS WIN".
What a foolish choice if gamblers choose to be greedy when it comes to gambling, I bet none of them lasted a single night playing gambling. No matter what they say or do it's always on the house side that do profit from them but some people are still playing gambling because some of them think gambling as an entertainment not a source of income. Well, it's just reasonable enough that you have to pay for your entertainment so that's why people are gathering on casinos.
House do always win but people do always forget this very basic saying and still continue to push their luck! Trying to formulate things every now and then until their do bust up.
Gambling is never intended for someone to make profits for long term.Its just a form of entertainment with some bonus if you are that lucky but to think that you should mind
that you are paying up your game for you to get entertained and don't ask something back from it because it will really just frustrate you if you do anticipate or do expect something in return.
If gambling is been on siding the players then we wont see any gambling businesses at the moment.
House always wins but there is no need to treat gambling as only a form of entertainment. Some people just enjoy gambling while another group of people just want to make a small income which is not stable over the long term. If the math was not behind the winning odds on casinos, almost all gamblers were millionaire now. This is another form of making money for casino owners, they only care about increasing the revenue while gamblers analyze the conditions on how to recover from the loss.

Mostly that happens but if a player have proper discipline and know when to stop for sure they can minimize the risk and defy the sayings that house always wins, majority lose because they insist to stop whenever they are in profit or continuos losing that's why if they know where to end up their game times for sure they  can accumulate some winnings even if it's low percentage only.
legendary
Activity: 2772
Merit: 1028
Duelbits.com
November 16, 2020, 05:19:25 PM
#82
It isn't the first time that someone knows it, gambling owners are making lots of profit from the people. Greediness is one of the reasons why there's a lot of people suffering from more losses than winning. Gambling is designed for entertainment purposes only if someone is thinking to make gambling as a source of income then he will expect the risk of losing more money in the process than winning. So in the long run casinos are still the one gaining the advantage.
Gambling wont be a profitable business if people arent greedy thats why those people who do invest into this business will really most likely to earn profit due to this reason.

If we do try to look at on how many sites are existing nowadays or businesses neither online or offline then you can really tell that theres soo much demand on it and generating millions of revenue.

This is why its pretty common that lots of people are losing because it give lots of profits to those who do built this kind of business
and also with the common line "HOUSE DO ALWAYS WIN".
What a foolish choice if gamblers choose to be greedy when it comes to gambling, I bet none of them lasted a single night playing gambling. No matter what they say or do it's always on the house side that do profit from them but some people are still playing gambling because some of them think gambling as an entertainment not a source of income. Well, it's just reasonable enough that you have to pay for your entertainment so that's why people are gathering on casinos.
House do always win but people do always forget this very basic saying and still continue to push their luck! Trying to formulate things every now and then until their do bust up.
Gambling is never intended for someone to make profits for long term.Its just a form of entertainment with some bonus if you are that lucky but to think that you should mind
that you are paying up your game for you to get entertained and don't ask something back from it because it will really just frustrate you if you do anticipate or do expect something in return.
If gambling is been on siding the players then we wont see any gambling businesses at the moment.
House always wins but there is no need to treat gambling as only a form of entertainment. Some people just enjoy gambling while another group of people just want to make a small income which is not stable over the long term. If the math was not behind the winning odds on casinos, almost all gamblers were millionaire now. This is another form of making money for casino owners, they only care about increasing the revenue while gamblers analyze the conditions on how to recover from the loss.
sr. member
Activity: 1918
Merit: 370
November 16, 2020, 05:14:57 PM
#81
Well this happens a lot because people don't know about a relly important thing in gambling, self-control. When you gamble, you don't just go all in balls-deep into the game. You gotta know at what point would be enough is enough to minimize your losses and maximize your winnings. Peoe tend to forget about that because they keep on thinking that the next try will win them their losses back, but be a little bit realistic. Gambling Agencies won't be in your favor. In fact they will try all means to ensure that their bettors win less.
hero member
Activity: 2730
Merit: 632
November 16, 2020, 03:59:34 PM
#80
It isn't the first time that someone knows it, gambling owners are making lots of profit from the people. Greediness is one of the reasons why there's a lot of people suffering from more losses than winning. Gambling is designed for entertainment purposes only if someone is thinking to make gambling as a source of income then he will expect the risk of losing more money in the process than winning. So in the long run casinos are still the one gaining the advantage.
Gambling wont be a profitable business if people arent greedy thats why those people who do invest into this business will really most likely to earn profit due to this reason.

If we do try to look at on how many sites are existing nowadays or businesses neither online or offline then you can really tell that theres soo much demand on it and generating millions of revenue.

This is why its pretty common that lots of people are losing because it give lots of profits to those who do built this kind of business
and also with the common line "HOUSE DO ALWAYS WIN".
What a foolish choice if gamblers choose to be greedy when it comes to gambling, I bet none of them lasted a single night playing gambling. No matter what they say or do it's always on the house side that do profit from them but some people are still playing gambling because some of them think gambling as an entertainment not a source of income. Well, it's just reasonable enough that you have to pay for your entertainment so that's why people are gathering on casinos.
House do always win but people do always forget this very basic saying and still continue to push their luck! Trying to formulate things every now and then until their do bust up.
Gambling is never intended for someone to make profits for long term.Its just a form of entertainment with some bonus if you are that lucky but to think that you should mind
that you are paying up your game for you to get entertained and don't ask something back from it because it will really just frustrate you if you do anticipate or do expect something in return.
If gambling is been on siding the players then we wont see any gambling businesses at the moment.
jr. member
Activity: 298
Merit: 5
November 16, 2020, 03:57:18 PM
#79
92% are quite a huge amount of percentage but if their data is accurate then I have to believe it knowing that gambling is very addictive and if  you don't know how to control yourself then you will end up being addict.

This is what I notice also but I wonder why most of the gamblers are losing money instead of winning. I don't know how the casinos do their job in order to make their players continue their plays, you maybe right that the casino owners are making us comfortable without being notice by the players. But I am not so sure if we can easily change our gambling style upon knowing these informations.
sr. member
Activity: 2506
Merit: 368
November 16, 2020, 03:22:09 PM
#78
It isn't the first time that someone knows it, gambling owners are making lots of profit from the people. Greediness is one of the reasons why there's a lot of people suffering from more losses than winning. Gambling is designed for entertainment purposes only if someone is thinking to make gambling as a source of income then he will expect the risk of losing more money in the process than winning. So in the long run casinos are still the one gaining the advantage.
Gambling wont be a profitable business if people arent greedy thats why those people who do invest into this business will really most likely to earn profit due to this reason.

If we do try to look at on how many sites are existing nowadays or businesses neither online or offline then you can really tell that theres soo much demand on it and generating millions of revenue.

This is why its pretty common that lots of people are losing because it give lots of profits to those who do built this kind of business
and also with the common line "HOUSE DO ALWAYS WIN".
What a foolish choice if gamblers choose to be greedy when it comes to gambling, I bet none of them lasted a single night playing gambling. No matter what they say or do it's always on the house side that do profit from them but some people are still playing gambling because some of them think gambling as an entertainment not a source of income. Well, it's just reasonable enough that you have to pay for your entertainment so that's why people are gathering on casinos.
sr. member
Activity: 1750
Merit: 369
November 16, 2020, 03:07:24 PM
#77
It is really a true and sad story. Gamblers usually lose more money than they win. It also depends on how much money you put on betting I think. Because people who bet with huge amount of money obviously tend to lose more money. So, it is more difficult to recover compared to people who bet with little money.

It is the nature of gambling. You should be aware of this before you start betting. When it comes to the amount you play with, I don't completely agree with you. Because people who play with a lot of money can recover easier than other people. Because it shows that those kind of people have much money and they won't have much problem on betting with huge amounts again. But people who play with a small amount can be not rich or playing just for fun. Either way, they will probably not choose to play many times in a row if they continue to lose.
hero member
Activity: 2828
Merit: 611
November 16, 2020, 01:15:13 PM
#76
Honestly? I do not believe the donation and helping part of casinos because that is not what they are there for, the number one priority of any business in the world would be to make a profit and that is it, they do not care about anything else and they won't care about anything else, only thing they care about should be money and that is understandable when you own a business.

However one thing I am not sure about would be how casinos tricked people to thinking they are not fixed and gamblers could make money, I mean what is house edge if it is not fixing a game beforehand, they let you know this before you gamble, they tell you that in the long run they will win, and gamblers still end up gambling at casinos like crazy thinking they could be the lucky one.
full member
Activity: 1638
Merit: 122
November 16, 2020, 01:01:05 PM
#75
It is really a true and sad story. Gamblers usually lose more money than they win. It also depends on how much money you put on betting I think. Because people who bet with huge amount of money obviously tend to lose more money. So, it is more difficult to recover compared to people who bet with little money.
most of the population on gambling are like that , they loose money more than they won and its the same as big or small gambler . only few who got lucky that can win more than on what they loose .

Quote
people who bet with huge amount of money obviously tend to lose more money. So, it is more difficult to recover compared to people who bet with little money.
they can afford to bet more money and they can afford to play with that amount again and again  . if they win it wont be that hard to recover what they loose . the other is playing small . when they loose it can be hard for them to recover a small loose because of the size of thier bets
hero member
Activity: 2338
Merit: 757
November 16, 2020, 12:56:47 PM
#74
Mark Griffiths specialist psychologist at Nottingham Trent University in behavioral and addiction explains in a survey of 5,5000 gamblers hopes of winning big money was greatest factor.

It boils down on people engaging in betting to reap it rewards...The rewards ranges from getting entertained, getting drunk, winning bets, etc.
In fact, it couldn't be the greatest factor imo. Simply because they won't stop playing if they win big money. It's a behavioral addiction when a person finds pleasure in placing bets and waiting for the result. The greatest feeling for a gambling addict is to be proud the few times his bets win and this is one of the addiction greatest symptoms .
hero member
Activity: 2352
Merit: 905
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November 16, 2020, 12:44:30 PM
#73
Oh, is that a new thing for you? Without doubt, gamblers lose more than they win, that's the way how casinos profit. If there was the opposite, believe me, the casino wouldn't exist. There is the math behind every game that casino offers to you. That's done in order to get rid of loss and increase the chance of profit on your (casino) side. It's like doing a politics that will give you a guarantee that on long term you'll profit and it won't be 50/50 on pure luck, that's why we have a house edge.
People want easy money, casinos offer easy money and easy lose but since we want easy money, we risk with the hope of getting the reward. Casinos seriously take the psychology of gamblers, that's why they offer you free foods and drinks, as you correctly mentioned OP, it's because to make you think like you are a valuable and they respect you, this increases your confidence and increased confidence lessens fears, in this case, the fear of lose.
full member
Activity: 2100
Merit: 174
November 16, 2020, 11:11:31 AM
#72
It is really a true and sad story. Gamblers usually lose more money than they win. It also depends on how much money you put on betting I think. Because people who bet with huge amount of money obviously tend to lose more money. So, it is more difficult to recover compared to people who bet with little money.
The facts still remains that gamblers' loss more than they win but there are reservations for this statement, particularly in my honest opinion. There are still much gamblers in the industry that still put in funds and made away with something bigger than what they actually put into the system. Am a gambler but can't resist loss, also, my ability to control my emotions and always stay at alert while gamble is my hope in gambling which has helped me most time to be successful.
legendary
Activity: 2996
Merit: 1054
Leading Crypto Sports Betting & Casino Platform
November 16, 2020, 11:02:21 AM
#71
Casinos won't be famous and won't stand in a long time if they will just keep loosing money from gamblers, Casinos know that it is a profitable business and we know that casinos pay taxes and depending on the state or country it could be a large amount of tax.

From that point of views, there are no arguments, Casino owners  knew that they've got a huge advanatages from the gamblers who
keeps playing inside the house, they knew that the business if handled correctly the success rate is really huge, if not, we won't see lots
of new gambling house to keep popping up.

Quote
Casinos want their gamblers to spend a long time with the casino because they are confident that the house will always gain profit from their players.

Indeed, house will keep alluring you they'll do everything to keep you stay and keep you push for more, even you already have some
good earnings you choose to stay and keep trying to win more.

Quote
We can say that gamblers on average lose money more than winning and we can't do about that because we know that there are people who got debt and lives ruin because of gambling,

Sad true, there are people/gamblers who lose a lots to the point of selling their things and take loans from someone just to continue
paying and lose more from their gambling activities.

Quote
The one who gain knowledge and experience and has plenty of luck survives and become the opposite of the most common gamblers.

There are some gamblers who can win but not that many who are capable to make it happened.
sr. member
Activity: 2394
Merit: 454
November 16, 2020, 10:48:58 AM
#70
Most of the gamblers always experience more losses than winnings everyday, that being said, I assume that they unintentionally entered the gambling world since they don't know anymore how to earn a living with what they have, and that's their biggest mistake. Making a living in gambling is not really a good idea, because other than entertainment (if you're playing online gambling), foods and other things (if you're playing in a physical casino) it doesn't offer anything at all but just a money eater.

And because of what I've mentioned, gamblers are always forgetting a lot of things to consider first before entering the world of gambling.

Quote
• Gambling is not a good alternative for earning extra cash.

• Each game you play at a casino has a statistical • probability against you winning.

• Slot machine odds are some of the worst, ranging from one in 5,000 to one in about 34 million chance of winning the top prize when using the maximum coin play.

• In 2018, commercial casino gaming revenue amounted to about $41.7 billion; one way to think about all those profits is that they are the result of the accrual of all of the losses from casino patrons each year.

Source:
Why Gamblers rarely wins
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