Gamblers lose more money than win. - page 9.

Fundamentals Of

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Quote from: LogitechMouse on November 17, 2020, 09:41:17 PM

Quote from: Fundamentals Of on November 17, 2020, 09:31:04 PM

Quote from: Renampun on November 17, 2020, 09:57:14 AM

Quote from: Fundamentals Of on November 17, 2020, 09:38:33 AM

Of course. This is true or else there won't be any single casino standing at this point in time anymore. But the opposite is happening. Casinos are not just multiplying fast, they are also growing from houses to gigantic structures all around the world. This is one hard proof that gamblers are losing money more than winning. It is only either that or no more casinos. Again, casinos are increasing in numbers.

gambling will always be a profitable business...
out of 100 gamblers maybe only 10 or 15 wins, the rest, of course, lose. but the gambling business has created employment and income for the state which welcomes casinos. gambling will not disappear, in the future, it will increasingly evolve by utilizing new technology.

No problem with casinos providing employment for thousands of people, paying taxes, etc. They can afford that because they are making a lot of money in their business. That simply means they are earning out of this.

The problem is when people enter the casino thinking that they will make it their milking cow or that they will come out from it with profit. That is a myth.

Unfortunately this is how gamblers think when they go into a casino. I don't know how to say this but people are always thinking only the positive side of everything and they aren't thinking of the negative effects of them that is why when they felt negative, they aren't ready and making impulsive decisions in the end.

Employment and taxes are probably the best things that casinos can do for the country but the negative side of it is that, there are many people losing money every day because of gambling.

And not only that. In the deeper analysis, gambling gives false hope to a lot of people. If somebody buys a lottery ticket or gets into the casino hoping that he will make money out of it, that is a false hope. If somebody who is poor but always sets aside a certain amount for gambling thinking that he will be lucky and would earn at least an additional income for his family, that is a false hope. If somebody going through a lot of hardships dreams of someday winning the jackpot and earns a better life, that is a false hope. These are also provided by gambling casinos aside from jobs and taxes.

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Quote from: noorman0 on November 17, 2020, 10:53:35 PM

I don't think it's necessary to count losses because gamblers do go to casinos just to spend their money. Even if they win, that means they don't have to get their money out of their "deep pocket" on the next day's gambling.

I disagree when calculating losses and wins in terms of the nominal money at stake. Isn't that a relative of each round? I think it is more precise to count the number of their win and loss frequency to improve strategy.

And most of the time, gambling casino games are design to favor the house to win but the prizes in the jackpot are really promising. If we are going to count our losses, we will actually see that in the long run, more of our bets are losing. The fact that we are still continuously gambling is because we want to test our luck as winning the jackpot will be worth it compared to summing up all of our losses. Many people rely on that and that makes it fair for gambling casinos and gamblers. So if we really want to test our luck in the long run, we should be prepared to lose a huge amount of money. It doesn't guarantee us to win decent, but the more we play, the more chances we could have compared to those who are playing with huge bet but the low frequency.

noorman0

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[Nope]No hype delivers more than hope

I don't think it's necessary to count losses because gamblers do go to casinos just to spend their money. Even if they win, that means they don't have to get their money out of their "deep pocket" on the next day's gambling.

I disagree when calculating losses and wins in terms of the nominal money at stake. Isn't that a relative of each round? I think it is more precise to count the number of their win and loss frequency to improve strategy.

rodskee

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Quote from: BuNga_cute on November 17, 2020, 09:48:36 PM

If we see that there are more and more new online casinos emerging, it means that the gambling industry is very profitable
for online casino owners.

The gambling industry has been around even before you were born so how come that we need to see gambling site merging just to prove that this is profitable?

you have been in forum for years and come across popular gambling sites that has been around and advertised for more than 3-5 years.

having them is a proof that gambling is profitable but depend on how you handle and your capacity to sustain.

Quote from: BuNga_cute on November 17, 2020, 09:48:36 PM

Because everyone knows that playing gambling is sure to lose more than you win.

This statement is enough to answer your above thoughts mate,that gambling operator is always a winner no matter how lucky a single gambler is because in totality he still take the pot.

BuNga_cute

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If we see that there are more and more new online casinos emerging, it means that the gambling industry is very profitable
for online casino owners. Because everyone knows that playing gambling is sure to lose more than you win. It could also happen
that there are gamblers who manage to win large amounts at online casinos, but if he continues playing gambling he will definitely
lose in the end. Therefore, you should stop playing gambling if you are lucky to get a big win, cashout immediately and enjoy your
winnings.

LogitechMouse

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Quote from: Fundamentals Of on November 17, 2020, 09:31:04 PM

Quote from: Renampun on November 17, 2020, 09:57:14 AM

Quote from: Fundamentals Of on November 17, 2020, 09:38:33 AM

Of course. This is true or else there won't be any single casino standing at this point in time anymore. But the opposite is happening. Casinos are not just multiplying fast, they are also growing from houses to gigantic structures all around the world. This is one hard proof that gamblers are losing money more than winning. It is only either that or no more casinos. Again, casinos are increasing in numbers.

gambling will always be a profitable business...
out of 100 gamblers maybe only 10 or 15 wins, the rest, of course, lose. but the gambling business has created employment and income for the state which welcomes casinos. gambling will not disappear, in the future, it will increasingly evolve by utilizing new technology.

No problem with casinos providing employment for thousands of people, paying taxes, etc. They can afford that because they are making a lot of money in their business. That simply means they are earning out of this.

The problem is when people enter the casino thinking that they will make it their milking cow or that they will come out from it with profit. That is a myth.

Unfortunately this is how gamblers think when they go into a casino. I don't know how to say this but people are always thinking only the positive side of everything and they aren't thinking of the negative effects of them that is why when they felt negative, they aren't ready and making impulsive decisions in the end.

Employment and taxes are probably the best things that casinos can do for the country but the negative side of it is that, there are many people losing money every day because of gambling.

Fundamentals Of

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Quote from: Renampun on November 17, 2020, 09:57:14 AM

Quote from: Fundamentals Of on November 17, 2020, 09:38:33 AM

Of course. This is true or else there won't be any single casino standing at this point in time anymore. But the opposite is happening. Casinos are not just multiplying fast, they are also growing from houses to gigantic structures all around the world. This is one hard proof that gamblers are losing money more than winning. It is only either that or no more casinos. Again, casinos are increasing in numbers.

gambling will always be a profitable business...
out of 100 gamblers maybe only 10 or 15 wins, the rest, of course, lose. but the gambling business has created employment and income for the state which welcomes casinos. gambling will not disappear, in the future, it will increasingly evolve by utilizing new technology.

No problem with casinos providing employment for thousands of people, paying taxes, etc. They can afford that because they are making a lot of money in their business. That simply means they are earning out of this.

The problem is when people enter the casino thinking that they will make it their milking cow or that they will come out from it with profit. That is a myth.

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Quote from: Rengga Jati on November 17, 2020, 06:52:18 PM

It may actually really happen to most people included in gambling. But in online gambling, as right now, I think the percentage is 50:50.
Nowadays, many people concern about gambling and they are playing gambling. But what makes them still survive until now because they have a different point of view, strategies, and also tricks to make themselves make or earn profits.

And inthis case, related to control how much money have they spent and gained, it is better to make a certain portfolio about winning and lost. It seems difficult moreover many gamblers do not need and also talk more no about this. However, we can think about what will happen to our portfolio if we only have red signs on the portfolio. That is why this is also needed in order to be guided and also at least notes for gambling

No it's not. Still big portions are for the casino owners.

This business are being well designed, even you are into online gambling there are more losing stats than those lucky and pro-gamblers.
Even you succeed creating new strategies in due time house will be able to detect it and adjust accordingly, the title of this post are correct
most gamblers lose more than to bank after playing.

akirasendo17

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The reality is that the probability of winning for gamblers is low, and the risk of losing is very high? since there are lots of combination in casinos, we can't deny that, so if someone will say that he/she has high winning that is truly a lie, he may be lucky, but of course, the other person at the table is loosing, at the same time a winner of the day will not count his loses of the other day, but in reality, he lost a lot before

samputin

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Quote from: Bttzed03 on November 15, 2020, 09:19:29 AM

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

IT is a faulty thinking walking with belief that everyday gamblers leave card table or slot machine smiling, the opposite happens some days.

Not some days but most days.

Yeah well, I think that is common. I don't really think many gamblers leave the table with a smile on their face but rather a frown or a look of disappointment. I haven't been in a casino but I think that's what always happen considering that there is no certainty that you're going to bring home the jackpot prize.

Quote from: Bttzed03 on November 15, 2020, 09:19:29 AM

Of course, it is only natural for casinos to provide the best possible experience to their customers while taking their money Grin

I know right. And you wouldn't even feel that they're taking away your money. Looking at the list in the OP, it's amazing how casinos use such benefits to lure you and not become mindful on how much money you're spending. But I guess it's still up to the person. If he's well aware of what's happening and if he knows when to walk away, then maybe he won't fall for it and leave the casino satisfied.

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Quote from: Raflesia on November 17, 2020, 07:27:05 PM

Quote from: Rengga Jati on November 17, 2020, 06:52:18 PM

It may actually really happen to most people included in gambling. But in online gambling, as right now, I think the percentage is 50:50.
Nowadays, many people concern about gambling and they are playing gambling. But what makes them still survive until now because they have a different point of view, strategies, and also tricks to make themselves make or earn profits.

And inthis case, related to control how much money have they spent and gained, it is better to make a certain portfolio about winning and lost. It seems difficult moreover many gamblers do not need and also talk more no about this. However, we can think about what will happen to our portfolio if we only have red signs on the portfolio. That is why this is also needed in order to be guided and also at least notes for gambling

In gambling, many people survive because it is not just for fun but it is true that the strategies they have have been able to survive until now, if we record how much they have earned and what they have lost, I don't need to record this because for me with a balanced loss and loss it is natural thing therefore I will stick with what I have to keep gambling with what I can.

Creating a portfolio for me is not important because gambling is not a top priority but I am still here to play if we take the conclusion that to profit from gambling this will make it difficult for me.

People who can survive in gambling because they don't spend too much money. In this matter, people can manage their money to be used to playing gambling. Besides that, people who survive in gambling only use gambling as part of the entertainment, and they understand that it is not easy to make money from gambling. Instead of trying to make money, they choose to enjoy the games. So they can play gambling for the next days.

Creating a portfolio can be better for some people because they can see how much money they win and lose. But it needs the discipline to write the result in that portfolio, and not many people will do that because sometimes, when they lose their money, they will pretend to forget the losses. As long as we can manage the money, we will prevent the big loss.

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Quote from: Rengga Jati on November 17, 2020, 06:52:18 PM

It may actually really happen to most people included in gambling. But in online gambling, as right now, I think the percentage is 50:50.
Nowadays, many people concern about gambling and they are playing gambling. But what makes them still survive until now because they have a different point of view, strategies, and also tricks to make themselves make or earn profits.

And inthis case, related to control how much money have they spent and gained, it is better to make a certain portfolio about winning and lost. It seems difficult moreover many gamblers do not need and also talk more no about this. However, we can think about what will happen to our portfolio if we only have red signs on the portfolio. That is why this is also needed in order to be guided and also at least notes for gambling

In gambling, many people survive because it is not just for fun but it is true that the strategies they have have been able to survive until now, if we record how much they have earned and what they have lost, I don't need to record this because for me with a balanced loss and loss it is natural thing therefore I will stick with what I have to keep gambling with what I can.

Creating a portfolio for me is not important because gambling is not a top priority but I am still here to play if we take the conclusion that to profit from gambling this will make it difficult for me.

Mahanton

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Quote from: kayvie on November 17, 2020, 03:14:26 PM

Quote from: ?? on ??

These two things are on top, IMO. Most gamblers lose for first one, but desire of winning big money is on almost 90%. If anyone can follow the first one and remove mentality of winning big money, no doubt to be a successful gamblers.

Most gamblers doing this gambling have realized that the money capital used for gambling can disappear instantly, so that many of them do not think about profit, on average they gamble just for fun because they all think that winning at gambling occurs only luck.

trying some of the live gambling methods can make me happier.

I don't think that "many of them" do not actually think about profit. As you have said, they all think that winning at gambling will only occurs on luck, it is true, but the fact that there is their hope of winning, isn't it what we can call a desire or thinking of making a profit?

Its just the same because if you do aim for profits then its still considered as a desire on getting some wins which is basically talking about aiming for money.
We know that gamblers are more on the losing side and the house do ends up profitable in the end of the day or in long term.We cant see lots of these businesses
if they aren't making that much of money.To think up literally where making money or do win is just really a bonus when you do play or do seek for
entertainment. Gamblers do indeed lose money than winning but people are really way too forcing to win even luck isn't there.

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Quote from: kayvie on November 17, 2020, 03:14:26 PM

Quote from: ?? on ??

These two things are on top, IMO. Most gamblers lose for first one, but desire of winning big money is on almost 90%. If anyone can follow the first one and remove mentality of winning big money, no doubt to be a successful gamblers.

Most gamblers doing this gambling have realized that the money capital used for gambling can disappear instantly, so that many of them do not think about profit, on average they gamble just for fun because they all think that winning at gambling occurs only luck.

trying some of the live gambling methods can make me happier.

I don't think that "many of them" do not actually think about profit. As you have said, they all think that winning at gambling will only occurs on luck, it is true, but the fact that there is their hope of winning, isn't it what we can call a desire or thinking of making a profit?

Right since if we just think about enjoyment for sure nothing gonna happen on us and for sure we will be sad for all the money we lost for betting. I'm sure many of gamblers keep looking forward for the win since I'm sure there's no satisfactory feeling we got if we keep losing our bets. but aside for hoping to win also discipline a must to get a good output whenever if we on lucky times.

Rengga Jati

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It may actually really happen to most people included in gambling. But in online gambling, as right now, I think the percentage is 50:50.
Nowadays, many people concern about gambling and they are playing gambling. But what makes them still survive until now because they have a different point of view, strategies, and also tricks to make themselves make or earn profits.

And inthis case, related to control how much money have they spent and gained, it is better to make a certain portfolio about winning and lost. It seems difficult moreover many gamblers do not need and also talk more no about this. However, we can think about what will happen to our portfolio if we only have red signs on the portfolio. That is why this is also needed in order to be guided and also at least notes for gambling

kayvie

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Quote from: ?? on ??

These two things are on top, IMO. Most gamblers lose for first one, but desire of winning big money is on almost 90%. If anyone can follow the first one and remove mentality of winning big money, no doubt to be a successful gamblers.

Most gamblers doing this gambling have realized that the money capital used for gambling can disappear instantly, so that many of them do not think about profit, on average they gamble just for fun because they all think that winning at gambling occurs only luck.

trying some of the live gambling methods can make me happier.

I don't think that "many of them" do not actually think about profit. As you have said, they all think that winning at gambling will only occurs on luck, it is true, but the fact that there is their hope of winning, isn't it what we can call a desire or thinking of making a profit?

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Quote from: covfefe_ on November 15, 2020, 09:13:28 AM

Gamblers loses more money than they win due to the house edge. You can get lucky some day, unlucky some day but on the long run you'll loss equal to the average house edge you play with.
Taking out profit and not coming back ever doesn't work with gambling as once people get the taste of it, they can't stay way, specially when they have won. The best way to limit your win or loss is to make your budget and limit, just like trading, you could make rules to take profit and loss on fixed percentage change.

Gambling sites give us some amazing offers discounts or cashback to attract the community for getting more traffic on their sites. If they get then people will spend on it and it will be a trusted one very soon. In this way, you may lose or win according to your strategy as I believe. Win or lose is the common thing in any gameplay. So it can be happened to anyone or someone can be lost his or her all funds in there.

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Gambling industry is very lucrative business just because gamblers loose more than they win, it's not a secret. I guess that is also kind of rule in the theory of probability.
Anway, even losing doesn't need to be a problem as long as every gambler knows own limits and how much he can afford to lose without creating a problem. But everyone who thinks that can beat casinos and gambles more and more money trying to prove that has a serious problem.

madnessteat

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All gambling is based on the probability of this or that event. There is a fun fact that does not allow the casino to stay in the negative - in the mathematical model of any gambling is known in advance the probability of a guaranteed win by the owner of the institution. Somewhere higher, somewhere lower, but it will never let the casino lose.

Savemore

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Quote from: ?? on ??

These two things are on top, IMO. Most gamblers lose for first one, but desire of winning big money is on almost 90%. If anyone can follow the first one and remove mentality of winning big money, no doubt to be a successful gamblers.

Most gamblers doing this gambling have realized that the money capital used for gambling can disappear instantly, so that many of them do not think about profit, on average they gamble just for fun because they all think that winning at gambling occurs only luck.

trying some of the live gambling methods can make me happier.

That is why we should have discipline and also aware on what's happening in our environment, we should not just bet because we are having fun because there are times that we forget that our funds are now decreasing. In my plan I have a lot of things that I keep following in order for me to stay at the track wherein I have a point where I need to rest especially when I experienced consecutively losses. It is not just about luck, it is about how we master the self discipline. No matter how lucky are you, you will get back all of your winning in the casino if you do not have self discipline.

Rest is a must where in we should have daily losses limit, for example you are into poker or any other card games. You should limit yourself that you should only lose less than $120 per day. If you lose $120 in specific day then you should rest because it is a must and that situation is part of discipline and only few gamblers are doing it because they are the few people who understand how our psychology affects our decision in gambling.

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