Gamblers lose more money than win. - page 13.

carlisle1

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Quote from: Jawhead999 on November 15, 2020, 09:32:31 AM

That's the fact that must be faced to every gamblers. If gamblers win more than the casino, there's no casino will survive since they were in bankrupt. Instead of house edge, provably fair system should be considered before start to gambling. If it's not really fair, then you could lose more than it does.

As if the Owners/operators of gambling sites will let this happen Grin

They are the one who's running the system they will decide how much money can gamblers win and how much they can lose.
not until players learn that the more they push to win is the more the operators gaining money.
try to enjoy the game and put small amount each time we play.

Japinat

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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.

Wexnident

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I'd actually be more surprised if gamblers won more money than they lost tbh. It's actually quite natural, since gambling is in a sense, paying for entertainment. The entertainment we mostly gain from gambling comes from mostly 10-20% games, and the rest is that "chance" of actually winning money. It's like the concept of "winning money" is entertainment, which is actually quite understandable tbh. It's like the concept of "winning" is the entertainment for most other games, especially competitive ones. Not really surprising why most people would consider winning money the biggest factor why people gamble.

Quote from: Alucard1 on November 15, 2020, 11:41:56 PM

Many gamblers usually lose the game than winning on it because most of the gambling game only have 1 winner and for sure there wouldn't be a gambling site or casino gambling that will live longer if there would many numbers of winners than losers because they will not earn money by that, they created that casino to earn money as well and they earn money from those gamblers who lose the game, imagine if there would be a casino gambling who will keep on working if they won't earn money anymore because of many winners in the game.

Not really? Even with multiple winners, casino would still win in the end. Ever heard of house edge? The only reason why casinos continue to run even with the multitude of people winning big amounts, other than the other side where a lot of people lose out a lot, is because of the existence of a house edge. You may judge it to be a small amount, but really it's pretty big, if you're still in doubt, look at how people actually won against casinos, it's not based on skill or luck, it's based on them asking the casino to remove house edge. This involved a bit of negotiation though, so it's a pretty rare case.

bitcoinisbest

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Quote from: Wawa2013 on November 15, 2020, 11:19:12 PM

I experienced it myself, several times the budget I provided for gambling was always running out. Indeed, sometimes I have also been
lucky to get big profits from gambling, but this is very rare. So it is a fact that gamblers have lost more than they have won. Therefore
we must be wise in playing gambling, always use the money that we can afford to lose. And we must know when to stop playing gambling.

It’s inevitable that house always have the edge, and this means their winning is higher than ours. So, we will lose more than win and if those who continue for a long time might lose more as read that statically if longer you continue to gamble for a very long-time chances of losing keeps on rising. If you are lucky you will win it else just for playing that you will continuously win might not happen.

TGD

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Quote from: Alucard1 on November 15, 2020, 11:41:56 PM

Many gamblers usually lose the game than winning on it because most of the gambling game only have 1 winner and for sure there wouldn't be a gambling site or casino gambling that will live longer if there would many numbers of winners than losers because they will not earn money by that, they created that casino to earn money as well and they earn money from those gamblers who lose the game, imagine if there would be a casino gambling who will keep on working if they won't earn money anymore because of many winners in the game.

You are pertaining to a PVP game on 1 winner or do you mean a battle of player to the casino itself? Casino get most of it profit from house edge because it's the only sure profit for them in all bets no matter what is the result, This is also the reason why most of the casino is still on this business because they can secure profit overtime as long as they have a huge a bank roll. In order to beat a casino, You should have a bank roll bigger than them because you will just lose when the game duration becomes longer due to human error that will take effect over time.

Alucard1

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Many gamblers usually lose the game than winning on it because most of the gambling game only have 1 winner and for sure there wouldn't be a gambling site or casino gambling that will live longer if there would many numbers of winners than losers because they will not earn money by that, they created that casino to earn money as well and they earn money from those gamblers who lose the game, imagine if there would be a casino gambling who will keep on working if they won't earn money anymore because of many winners in the game.

Wawa2013

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I experienced it myself, several times the budget I provided for gambling was always running out. Indeed, sometimes I have also been
lucky to get big profits from gambling, but this is very rare. So it is a fact that gamblers have lost more than they have won. Therefore
we must be wise in playing gambling, always use the money that we can afford to lose. And we must know when to stop playing gambling.

Salauddin1994

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In the case of gamblers sports betting is easier to manage because most of the variables and information are publicly available and all you have to do to find the edge is a skill of situational constraint and we can generate it better. The reason gamblers lose money rather than win is that they lose everything if they want to make more money later in greed long term play is good for casinos but if you have little capital you have to learn from it and move on. It is foolish to bet without knowing anything making money in sports betting is a complete science win consistently and make a good profit you need to improve yourself regularly.

coin-investor

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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.

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Quote from: samcrypto on November 15, 2020, 09:04:53 AM

We always chase our loses and we are greedy most of the time in gambling, which is so hard to stop. The casinos job is to entertain us but more importantly to collect money from us, and they have to invest on good machines, and a more elegant design so many will feel comfortable playing with them and we cannot blame them for that. If you really want to win in gambling, stop playing because as long as you play time will come for you to lose money.

That's right! people should consider playing moderately instead of going to play recklessly with their salary. In our place, they make it a habit to play every time they get their 15 days salary thinking that it will double their money. It didn't, instead, they lose it all and ended up getting some debt from the other people. This kind of mindset should be changed because it is unhealthy both for the player and his family. Only a few people can master such skills where they will stop themselves to play if they sense nothing is going right their way but most of the time, people who play are like the people above.

shoreno

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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 .

lienfaye

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Its a sad fact, gamblers are losing their money more than winning. But despite of this, it didnt stop us from playing either for self satisfaction that we gamble or for the hope that we can somehow recover what we lost and hit the jackpot.

Regardless of the reason, gamblers are willing to take risk and ignore the fact that we can certainly lose our money.

It might because of the excitement that it can give when you're already playing. Nevertheless win or lose its our decision to gamble our money.

maydna

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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.

Lorence.xD

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Quote from: seleme on November 15, 2020, 03:28:41 PM

These arguments are based on the experience of gamblers and have been eliminated by master psychologists after taking listening to thousands of gamblers. Greed and fear are two main drivers of human emotions, so it is essential to get rid of emotional decisions during making bets. The free drinks are just bonuses and this is not a big deal compared to what kind of turnover the casino pit bosses contorls.

Greed and fear is just part of the psychological formula why people keep coming back to the casinos. The other is that they unconsciously want to break even or get some profit which is a fallacious. If you are an avid gambler, you can always graph what you spent on a day and there is a high chance that the graph might be experiencing a downward trend as it goes along the way.

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Quote from: deadthings on November 15, 2020, 12:56:31 PM

Ultimately, a casino or gambling site will always benefit. You have a large group of losers, and also a group of winners. No one is forcing you to gamble, it is your own choice.
It is better to start with small bets and then increase if you have more experience.

This is the fact that we should accept that majority of gamblers are losing and going to lose, it's business, they are here to offer entertainment and excitement on all their games, and the house edge will make sure that the house can sustain their operation.
The worse is if you have an attitude of thinking that you can beat the house, yes you can beat sometimes but never all the time, just gamble what you can afford to lose and you are good to go.

bitterguy28

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Gambling is indeed taking our money but you know what is the sad part there?WE ARE THE WILLING VICTIMS lol.

After losing and losing each time yet coming back to try Luck again,i don't know if this is a human nature or we are just stupid to understand things that may help us or not.

abel1337

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Quote from: Fredomago on November 15, 2020, 03:07:57 PM

Quote from: deadthings on November 15, 2020, 12:56:31 PM

Ultimately, a casino or gambling site will always benefit. You have a large group of losers, and also a group of winners. No one is forcing you to gamble, it is your own choice.
It is better to start with small bets and then increase if you have more experience.

Having that advantage casino owners really taking a huge amount of profits. Gamblers only realized that they've only lose huge amount of money once they've seen that there's nothing left from their savings. Most they've forgot that the entertainment part is no longer effective since they've trying to recover all those money that they've spent while playing.

Only small portions of those so called pro who can move away from the house and have satisfying profits that they can enjoy, more on losing gamblers who are still thinking that coming back the next day will bring the evrything back just to realized that doing it from time to time makes them more addicted and lose more and more.

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

seleme

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These arguments are based on the experience of gamblers and have been eliminated by master psychologists after taking listening to thousands of gamblers. Greed and fear are two main drivers of human emotions, so it is essential to get rid of emotional decisions during making bets. The free drinks are just bonuses and this is not a big deal compared to what kind of turnover the casino pit bosses contorls.

qwertyup23

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Oh that is true! Gamblers lose more money in the process especially if you continue this habit in the long-term.

What I usually mention in similar threads like these is the so called "gambler's illusion." This usually starts when a person gambles and he suffered a loss. After experiencing such loss, the person will attempt to recover his losses thru gambling again his resources. He will not stop until he recovers or if he has exhaust all of his money. If, in the event that he recovered his losses, he will MOST likely gamble again and then the cycle continues from there.

I just hope that people who gamble have the discipline and self-control regardless of their result in the casino. Money is indeed tempting but it has the potential of destroying your lives completely if you get blinded with such fact.

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Quote from: deadthings on November 15, 2020, 12:56:31 PM

Ultimately, a casino or gambling site will always benefit. You have a large group of losers, and also a group of winners. No one is forcing you to gamble, it is your own choice.
It is better to start with small bets and then increase if you have more experience.

Having that advantage casino owners really taking a huge amount of profits. Gamblers only realized that they've only lose huge amount of money once they've seen that there's nothing left from their savings. Most they've forgot that the entertainment part is no longer effective since they've trying to recover all those money that they've spent while playing.

Only small portions of those so called pro who can move away from the house and have satisfying profits that they can enjoy, more on losing gamblers who are still thinking that coming back the next day will bring the evrything back just to realized that doing it from time to time makes them more addicted and lose more and more.

Topic: Gamblers lose more money than win. - page 13. (Read 27622 times)