Gamblers lose more money than win. - page 12.

LimLims

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Quote from: coderben on November 16, 2020, 07:51:04 AM

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.

You cannot make profits if you bet small and with smaller bankroll.
If you want to make small Profit, then you need to have atleast 10 times more the profit amount in your bankroll.
Moreover from my personal experience, whenever i play a Casino game, majority time the house wins.
So i have completely shifted to sportsbetting, and find myself lucky in some smaller events.
Moreover a Gambler lose more money, when they go to recover the loss, Better when you see that, you are already losing some money, better to stop Gambling and make the mind cool for next bet.

Viscore

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Live with peace and enjoy life!

The Fact and the Reality in gambling, and a thing that we don't need to deny. But I don't think that is in the mind of gamblers because if they think that always, definitely, we can't see them gambling. Losing more, less win? Gamblers have to accept it.

Luck can't be all the times being with us, it comes to us momentarily. If we are gambling don't that thing and thinking that we can recover those losses, but instead, make ourself being aware that we goona lose any time or every time. If this is not acceptable to us, better have to leave and stop gambling, that's the only way to save thousands or even millions from our pocket.

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Quote from: emmybd on November 15, 2020, 08:48:36 AM

~snip~
Casino Classy Environment: The influence of setup tricks such as beautiful-red-carpet, makes gamblers feel important aggravating passion to bet more and more at the end placing in unbudgeted money.
~
Bonus: Online casino uses different tricks contrary to those used in in brick by brick and mortar casinos of wooing gamblers one of which being bonus. ~
Failure-To-Walk-Away: Gamblers spirit failure to walk away after win game, instead bet further with hope of more wins until the won money is finished.~

True facts, gambler always hope for a miracle. Most of the gambler believe that one day they will win huge amount of money and finally they will stop their gambling habit. For this no one stop after small or average win, they continue and finally loss all their winnings.
Casino designe or decorate themselves nicely so that user feels comfortable to play there, provide various bonuses to attract more gambler and keep them active at their platform. It makes someone an addicted and greedy gambler. As a result he continues his betting and in the end loss more money than win.

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Quote from: shoreno on November 15, 2020, 09:47:41 PM

Quote from: ecnalubma on November 15, 2020, 12:46:30 PM

Casinos are business and they will continue to make money every gambler plays. People think they can beat Casinos but rather they are victims of their greed, the feeling that you had already won but your not contented then you want to gamble more hoping to multiply you winnings but it in the end you’ve just lost it all.

casinos are not just a business but they also care for other people and to the economy of the country they are living because some of those casinos are donating money or cryptos to the people in need and also paying tax to the government properly and the rest of the earnings is thiers for them to keep .

Lol Casino owners?not because they are giving in front of media meaning they are truly concern lol,they are doing that for publicity and obligation.

they are required to pay for government and that is what they are doing.

Quote

when a gambler win more than his capital he already beat a casino and if that is his only goal he must stop because playing in the long run is always in favor for the casinos .

That's the point not because we are lucky mean this is forever,sometimes Luck only stays on our side for a while and then will go to another player.

coderben

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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.

Ziskinberg

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Quote from: Charles-Tim on November 16, 2020, 07:28:46 AM

Quote from: Vishnu.Reang on November 16, 2020, 07:16:46 AM

Obviously with the house advantage, the probability that the gambler may end up in profit is less than 50%.

It depends, there are some leagues the away advantage is more, also are some leagues their is no home or away advantage. And in the leagues with home advantage, gamblers still lose the more. The more people gamble, the more can be their loss, that is why we are told not to be addicted or play frequently, because gambling should just be entertaining and using a lownamount of cryptocurrencies we can lose will be the best, Ina way we can lose and not affected.

I think he is talking about the house edge which are obviously a casino game, while you are talking about a home court advantage and that is sports betting. Both are gambling but they don't have the same win/lose probability.

Charles-Tim

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Quote from: Vishnu.Reang on November 16, 2020, 07:16:46 AM

Obviously with the house advantage, the probability that the gambler may end up in profit is less than 50%.

It depends, there are some leagues the away advantage is more, also are some leagues their is no home or away advantage. And in the leagues with home advantage, gamblers still lose the more. The more people gamble, the more there can be their losses, that is why it is good not to be addicted or play frequently, because gambling should just be entertaining and using a low amount of crypto we can lose will be the best, In a way we can lose and not affected.

Ucy

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Quote from: emmybd on November 15, 2020, 08:48:36 AM

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.

By the way, betting centers/sites should make sure that customers who depend on luck don't gamble or bet with what they can't afford to lose/risk. I think incentives/rewards should be used more on betting games/competitions that add value to the life of bettors. And they should only be healthy/safe rewards.

Vishnu.Reang

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Obviously with the house advantage, the probability that the gambler may end up in profit is less than 50%. Some gamblers may end up with a percentage higher than 50%, but it is purely due to their luck. Or in some cases such incidents can happen, if the gambling site measures the odds incorrectly, or fails to adjust them with the incoming odds favoring a particular outcome.

Sadlife

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Indeed it is a tempting place, and most of the time you get rekt because of faulty house edge making the game nearly impossible to win or to make profit. Because of the system that let's you win first and when you feel betting more then it starts to lose.
Is this some kind of manipulation or just game algorithm.

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Quote from: ethereumhunter on November 16, 2020, 01:43:20 AM

Quote from: Japinat on November 16, 2020, 12:27:13 AM

Good one, this is the reality in gambling, not everyone loses money but more people are losing money, hence it makes casinos to operate more profitably. We should be aware of the reasons why gamblers loses more than they win, that would help us to minimize the risk in gambling.

With discipline and proper bankroll management, our journey will be shortened as in a short period of time, we will already lose a lot of money.

The more people lose their money, the casino will take the benefit, and they can grow their business and invite more gamblers to come to their places. Gamblers lose more because they are tempted by the prizes and the amount of money they can win, making them spend more money. It is why we always need to have control and minimize the risk of gambling, so we can avoid losing more money.

Losing money as long as we can afford is okay, every gambler has their own financial capacity, if I'm a billionaire and I love gambling, I'm okay with losing million because I'm sure I can afford what I'm gambling, I just need to make sure I'm responsible enough not to lose control.

Casinos making money is not a bad thing as that means they are doing their business very well and though their income is coming from the money of the losers in gambling, but the entertainment and the fun they gave is just worth to be paid coming from our expenses as a gambler.

Gamblers won't complain because in the first place they know they either win or lose.

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Quote from: shoreno on November 15, 2020, 09:47:41 PM

Quote from: ecnalubma on November 15, 2020, 12:46:30 PM

Casinos are business and they will continue to make money every gambler plays. People think they can beat Casinos but rather they are victims of their greed, the feeling that you had already won but your not contented then you want to gamble more hoping to multiply you winnings but it in the end you’ve just lost it all.

casinos are not just a business but they also care for other people and to the economy of the country they are living because some of those casinos are donating money or cryptos to the people in need and also paying tax to the government properly and the rest of the earnings is thiers for them to keep .

when a gambler win more than his capital he already beat a casino and if that is his only goal he must stop because playing in the long run is always in favor for the casinos .

Long run mentality should be more in entertainment, don't think casino as a money-making work is not a good idea. It'll definitely lose you more money and more time being wasted without earning. I agree that casino isn't just a business that purposely grabs the gambler's money, they're big contributors in the economy and also helps to develop our society.

We are losing money because it's our fault, casinos aren't the one who should blame for our actions. As long as there is greed on your heart, it will definitely destroy you, be contented that you're already enjoying the game, that's why it's created for.

Ziskinberg

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Quote from: ReiMomo on November 16, 2020, 06:40:02 AM

That's why always gamble on what you can afford to lose. Never treat gambling as one of the sources of income that you always wanted to make money. Sometimes it will come up our mind to chase losses.

Actually you can still gamble what you can afford to lose even if you treat gambling as a source of income, it's even positive as in yourself you believe that you can make it, but just like any venture, business or gambling, you either win or lose since you are taking the risk.

ReiMomo

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Quote from: swogerino on November 16, 2020, 02:42:53 AM

I think that the study of 92% unfortunately is true.I have tried it myself.Even when I have won 2000x my initial bet which is a lot of money and should tell any gambler that now it is time to stop,I have still continued to play in hope of winning even bigger amounts which unfortunately led me into losing all the money.

That's sad but true, for most gamblers suffer from this reality regardless of who you are. Gamblers chase their losses and crave for additional winnings, these are the main factor why people get addicted to gambling. It is easy to say that we can manage our gambling routine but the mere fact that we say so yet continue doing it no matter how much is the amount that we spend on our bets still we are already hooked on gambling.

That's why always gamble on what you can afford to lose. Never treat gambling as one of the sources of income that you always wanted to make money. Sometimes it will come up our mind to chase losses.

EdenHazard

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Quote from: maydna on November 15, 2020, 09:31:10 PM

What the title said is true. The gamblers lose more money than win, and many people trying to playing gambling longer will lose their money, and they will not have a big chance to recover their losing money. If the gamblers can't realize that they should treat gambling as the entertainment part of their life, they will not hold their money but will spend more and more money. The gamblers should use the money they can accept to lose because if they use too big funds to gamble and lose all of the capital, they can feel regret and disappointment.

The casino will always give the gamblers many things to make sure that they will stay longer in their place, so they can use more money to gamble. We need to aware of that, and we need to avoid staying in the casino for a long time. Many things that gamblers should have if they want to play gambling, but having control for themselves will be the important thing that they should have.

Yeah pretty easy to guess , just look at the statistics that most of gamblers ended with a lot of debt .. as they losing more and more but instead to quit they are believe in themselves that they could recover everything one day so they keep going and even taking a loan for once, twice and often happened this type of gamble would take loan to everyone around them , this is a sign of crazy addiction, could and actually proven it's mostly ruined your whole life. Better to end the game with zero rather ended it with negative.

So what should we do in gambling? Be responsible! That’s it.

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Quote from: swogerino on November 16, 2020, 02:42:53 AM

I think that the study of 92% unfortunately is true.I have tried it myself.Even when I have won 2000x my initial bet which is a lot of money and should tell any gambler that now it is time to stop,I have still continued to play in hope of winning even bigger amounts which unfortunately led me into losing all the money.

I'm not sure with the exact percentage but I'm sure majority of the gamblers really loses money.

What we do is, when we win, we still come back hoping we will win more, but since they have the edge, we will lose in the long run.
Winning are mostly short term, the long term game is for them most of the time.

If we also are losing, same thing, we still come back hoping we can get back our loses, but instead of winning, we even lose more.

swogerino

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I think that the study of 92% unfortunately is true.I have tried it myself.Even when I have won 2000x my initial bet which is a lot of money and should tell any gambler that now it is time to stop,I have still continued to play in hope of winning even bigger amounts which unfortunately led me into losing all the money.

DevilSlayer

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Quote from: coin-investor on November 15, 2020, 10:21:52 PM

It's a fact that we cannot go against, the government allow this because they are getting taxes here and gambling casinos have a huge cost to operate, but it's not like we are giving our money for free, of course we have a change to get our money or even win, there are times that gambler beat the house edge the most important thing is we only gamble what we can afford to lose.

It's still a win win situation for all those involve in the industry, the operators, the government and the player this is one of the reason why online and physical gambling is thriving.

If you think that you are a loser, then you are only proving that you are a loser. Huge casinos are really earning huge money because there are gamblers who are spending millions of dollars wherein it is okay for them even if they lose it. I'm not a big fish like other people and I'm just an ordinary gambler but I make sure that my plan and risk management are similar for those professional gamblers. Before, me and my family often playing in traditional casinos because it is our bonding where it can give us fun. I usually play slots at the beginning but it makes me tired and bored and it is the reason why I now prefer to join in table games. As a gambler, I understand that losing is part of the game so I do not put all of my money in just 1 game as part of risk management in order for me to not lose it in just once.

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And that is the reason why you shouldn't be gambling often, or gamble for the aims of profit. The house always win, there are no exception to that casinos let you win for your first time to bait you to roll more money and eventually drain your money specially on online gambling casinos. That is how casinos work, they are not built for us to profit they are built for them to profit from us.

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Quote from: Japinat on November 16, 2020, 12:27:13 AM

Good one, this is the reality in gambling, not everyone loses money but more people are losing money, hence it makes casinos to operate more profitably. We should be aware of the reasons why gamblers loses more than they win, that would help us to minimize the risk in gambling.

With discipline and proper bankroll management, our journey will be shortened as in a short period of time, we will already lose a lot of money.

The more people lose their money, the casino will take the benefit, and they can grow their business and invite more gamblers to come to their places. Gamblers lose more because they are tempted by the prizes and the amount of money they can win, making them spend more money. It is why we always need to have control and minimize the risk of gambling, so we can avoid losing more money.

Topic: Gamblers lose more money than win. - page 12. (Read 27605 times)