Topic: Gamblers understood the game - page 6. (Read 1643 times)

Many newcomers or beginners don't understand what gambling is. They don't know how to deal with gambling risks, they probably only hear about instant winning from other gamblers. So, it is very reasonable if they misunderstand gambling, they only know the benefits and have no knowledge about the risks. But they will understand it gradually, specifically when they learn seriously how to gamble in a proper way or in a safe way. Unfortunately, there are many newcomers who have no intention to learn, they are only obsessed with the profits. These types of newcomers will be easy to lose huge money and have a big chance of being addicted. In conclusion, not every newcomer focuses on profits only and will end up with severe losses. Those who gamble carefully and want to learn how to deal with gambling risks, probably will be safe from bad impacts or the risks of gambling.

Winning may just be the goal of some gamblers while some don't mind about this at all because they already have enough money and time to use in gambling but needs the fun more than the money, which means we can have gamblers with different taste because of their personal definition to why they are into gambling, but as for me, i will like to go with having the two options being the best expectation to always go for, money and fun.

Well, there is a marked difference between the two so we can choose which one we prefer. But many people will want to be a profitable gambler but it's not easy because they don't know when their luck will come. But how can we create our own luck when we cannot always win at gambling and we have also seen many people who have experienced loss. It's better for us not to force ourselves to create luck because luck only comes to the right person and at the right time.

Interesting observation into gambling, especially concerning high stakes enthusiasts. Whats the core of gambling? Is it about major triumphs, or the thrill of the play?

From your story, its evident these bettors pursue that hard-to-attain, substantial win. Wagering huge sums, banking on a lucky swing, isnt that a classic gambler's fallacy?

You, however, seem to comprehend the game' chances. Realizing your stakes are modest, resulting in lesser wins, isn't this a more viable approach in the long haul? Isnt it imprudent to bet more than our loss tolerance, solely to chase the large win?

Newcomers to crypto and their gambling are just thinking about big profits without thinking about the risks that can easily occur.
But usually newcomers do have an interest in getting into crypto or gambling because some of the people they see can easily earn big profits so interest arises.

This is why many newcomers are advised to increase their experience first and broaden their insights so they can accept risks and minimize existing risks.

One thing you will notice when you speak to other gamblers is that you will always hear about the one time in which they made impressive profits in a single day and how happy they were that was the case, however if you dare to ask them how much money they have earned over all the years they have been gambling you will immediately notice a change on their mood and they will refuse to talk about it.

So it is obvious that while the success stories spread far and wide, the stories of their failures never get spread on the first place, creating the illusion you can beat the casinos, something which is not true for most gamblers.

And I guess there it is the difference between the gambling addict and the profitable gambler. The profitable one sets limitations for their maximum losses and their limit wins. They understood the game in a way that they accept that not everyday is a winning day. It is not trying your own luck but CREATING your own LUCK. And when you have those days, you push it, you bet more. When there are days that your predictions are likely to be wrong, then the main focus is to preserve the capital.

Winning is always the goal; gamblers who are not making money are not developing their gaming approach; we learn new things every day in gambling. Gamblers spend a lot of money on games; some days they get lucky, and other days they lose. Gamblers understood the game, and each gambler has their own strategy for gambling casinos. Profitable gamblers are willing to take risks and face their concerns. I don't wager more than my anticipated targets in order to avoid crossing the line, which results in losses. When I place a bet and it doesn't count my predictions, I stop for the day because going the additional mile for revenge makes deleting your account easier.

I have seen and heard of situations where some gamblers are winning thousands of dollars and millions of our local currency as well, and the truth is that I myself, since I started gambling, have not won so massively in that manner, but those stories don't move me. Maybe I assume that's because I'm not a die-hard gambler and that kind of luck to win big doesn't come my way, and also because I don't stake a large amount. Considering what some gamblers in my area are doing, most of them are spending even more than $500 a day on gambling, although they are not many. But there is one man who can stake $50 or $100 at once, and he can do $100 in five games, which sometimes ends up bursted and his money gone. Such people, any day luck runs in their favor, make a massive win, and if someone is not aware of the amount they even lost in the past gamble they did, the person can be tempted to feel influenced by those wins and can gamble with more than they can risk because their goal is just to win big.

Then, that kind of thinking brought them to losing ends. But why some people choose to gamble instead of being an investors because they'll thinking that if they become lucky in gambling, instant millionaire they could be. With a huge reward and jackpot prize, it turns their eye on it and hoping to get it one day. But absolutely doesn't work that easy and the more we chase our luck, the more we lose. It is important that gamblers must know their chances and must be aware of their situation.

Any longed time gambler should know that gambling is just a matter of trying your own luck coupled together with how good you're in planning on a particular strategy to gamble with, we see some results as exactly predicted by us sometimes but this isn't what is common, some other time we may have the results that we never expected to see, we should always understand that these are the likes of risk that we may also come across in gambling either when we are winning or loosing, but the house will always have an upper edge over us.

because those newcomers have an instant mindset when they hear about crypto or investment and out there newcomers judge that crypto is very profitable in a fast way without thinking about the big risks they have to accept. so it is very natural to choose to bring in gamblers rather than investors who think too much about profits without thinking about losses which in the end all feel a loss and very different from gamblers who already know that gambling using crypto has a risk of losing.

The illusion of instant wealth can indeed be quite a siren song to the uninitiated in the crypto world. These individuals often confuse investing with gambling. They tend to go all-in without doing due diligence, which, I must stress, is fundamental in the world of cryptocurrencies. We've all heard these success stories, haven't we? They're like a mirage in a desert - elusive and often misleading. It's crucial to remember that these narratives, while inspiring, represent the exceptions rather than the rule.

Your friend's experience in sports betting is a perfect case study. Yes, he had a substantial win, but the losses that led up to it? That's something not everyone is keen on highlighting. Platforms like Stake.com have created a responsible gambling environment, ensuring that their users understand the risks and rewards associated with the activities. It provides a level playing field and promotes transparency - essential features in any platform dealing with gambling. To anyone venturing into the world of cryptocurrencies, remember: treat it as you would any investment. Do your research, be prepared for volatility, and never gamble more than you can afford to lose.

It is true that even if you know a sport really well there is not any way to know you will win your bet, but I would say your chances increase if you know the sport, after all if you just pick a bet based on the odds given, you have no way to know if the athlete you picked will outperform or underperform during their next match.

But instead if you are a fan of the sport in question you will have a better idea of those factors, which will allow you take a more informed decision about the possible outcomes and the chances they have of actually happening.

Well, that's pretty common in gambling. There are people who got success through gambling but the quantity of such people is too low to be seen everywhere, these are probably the people who hit a big jackpot that has only about 0.00001% odds or maybe even lower because out of millions of people, only a few can manage to hit a jackpot big enough to change someone's life.

Winning considerable amounts isn't a very big thing in gambling because anyone can hit a big win any time but as you said your friend told you he had already lost more than what he won with that bet and that is the common story of every other regular gambler out there.

That's an original point in the crypto world, especially because you need to discover cryptos before being able to use at casinos or elsewhere but I understand what you mean, it's better to introduce crypto as a mean to easily gambling online than as an investment plan from which you can make money. It's better to talk about the risks of gambling introducing a new comer to that activity though.   

Like, are you serious that people get moved by success stories in gambling? I am even wondering if there is anything like a success story in gambling, because what seems to be a success story in gambling is just like a mirage; you might tend to see or hear about it, but you can't get your hands on it so easily, and you know why? Because gambling is a game of luck and uncertainty, it is not an investment. Gambling is what people do for fun; gambling is not a way of making a sustainable income, so if anyone thinks that gambling is a career that can turn them into billionaires, let them have a rethink.

Some years back, one of my friends won a very big odd in a sports bet, and he bought a new phone, laptop, and some other electronics. I was happy for him and also wished I would get lucky like him, but he said to me, "My friend, although this win is huge, to be honest with you, since I started gambling till date, I have even gambled more than this amount I won." His words made me understand that before you win at times, you have really lost a whole lot of money as well. In a live gambling hall, someone has won up to $5000, and right in my presence, he also gambles off everything. Whoever is looking to become a millionaire should pursue a good career; he or she can start a good business, look for a well-paying job, invest in some investment plans, and only gamble for fun, where they can still get lucky and win big.

It's because crypto has been kind of a trend when it comes to their ears, for them, we're not doing some ordinary stuff like investing/trading stocks because they always say that crypto is very much different (which is true in some sense). And when it will come to that point, it will be a waste of time if I will still continue the discussion because they just don't understand everything I'm trying to say as they just only believe what they wanted to believe.

You are correct, though it still seems a bit funny to me because you are absolutely right. There is no one who will ever use $20 to make like $200,000 in profit through gambling who will ever want to go for any investment scheme because they will now see investment as something that will waste their time and delay their profit-making. But the truth of the matter is that in gambling, you can also lose everything you have earned within a few days because you just consider that it is only gambling and you can possibly make more wins again. Investment is putting your money at work to generate profit for you. You are not doing it for fun; you are doing it to meet a target. In gambling, you are putting your money at stake, which might never bring any profit at all. Some who invest their money will know how to gradually manage their funds, but someone who makes a big win from gambling can vigorously spend lavishly because he or she did not stress to make such money.


Cheers 🥂, Dr.Bitcoin_Strange 👺👺

While sports betting has its own essence in the gambling industry since the outcome doesn't totally depend on luck and your knowledge and experience can do wonders, betting on games and teams or players that you don't know anything about makes it the same as other luck-based gambling games. Because whether you will win or lose will totally depend on how lucky you are since you didn't place a bet based on any experience, knowledge, or analysis.

For such people, it is better if they take that money and go play in some slot machine where they might hit some big multiplier and win or simply lose it because they can also have the same outcome from sports betting with their attitude.