Topic: Gambling 101 (Read 726 times)

What does it matter if you win $15,000 if in the end you are in the negative.  What you said sounds all good at first, but seriously, if you made $15,000 but are now negative that really sucks.  I hope I never push the highs like you said and end up in a deep hole.  If you are in a "high" any bet could be the one that is a lose, so why risk it.  It's not like a "high" is a set period of time where you win win win.  I don't know, I would just hate for your advice to cause people to go deep into debt.

haha, thats greediness, if you'll look at it, in general, we can say that it is like martingale, even you are not doubling it, but the fact that you want to recvoer your money, in the next bet, makes it a martingale of just another level.

I do the opposite. I chase after a lose and bet higher when I'm losing to get it back. When I'm winning I try play it safe bit keep telling myself to just make a little bit more and I'll withdraw now now. But now now never comes and I lose all.

No risk no reward. It's like this with anything in life. Ask anyone who is rich how any times they lost their money and how long it took and how many times they failed. When you want to do something the better it is normally the risk increases with it. Because good things in life are hard to get and we must work for them I guess gambling and winning bige is the same. You must keep trying.

Op, the truth is I don't believe any gambling theory about lucky days, lucky streaks or back luck caused by black cats or anything.
These type of conjectures are biased all of them is part of gambler's fallacy. Of course will you have lucky roulette spins and series of awesome sport betting wins.
But that means nothing in the end it is all part of gambling statistics and nothing more.

That might be the reason you lost 250k over the last 20 years, you bet higher when you are in a winning streak and gets excited, then you bust.

I don't know if there are mega luck periods that all you get is a win or not, but better don't plan your actions based in such premise, because the luck time may end in any second

Of course, gambling doesn't assure you victory. Of course the ratio is 30:70 where there is only 30% of winning and 70% lossing. We cannot deny the fact that casinos and other gambling sites has this kind of strategy that in the first 5 or 10 rolls they are going to play with you and you'll win. In this case, you will think you're lucky making your bets become higher. This is what they want you to do, then they will make you loose that will make you frustrated and out of focus then another loose until you will decide to do all in. And BOOM !! All your winnings including your Money are lost Great story isn't it ?

Lesson: If you win for at least double or triple of your money. Just save it. Otherwise, it will all turn into ash.

Read the last line, yes I'm a loser over all, and more than likely never be ahead. 99% of gamblers are losers, then the other 1% are professional who bet sports or count cards. My statement wasn't to make out I'm a winner, couldn't be further from the truth. Over my 20 odd years gambling I would say I'm down at least $250,000. My point is to make it count when you run hot.

Maybe you did "win" 15 000, but I'm almost sure you lost more for the whole time. Or you will.
Just don't believe it's possible to earnings by gambling, sorry

Gambling is a lifestyle once you get into it. If you get to deep into it. It could ruin your life eventually as well

But like all things in life... you need to do it in moderation so it does not get out of hand.
I view it as a form of entertainment and do not take it as a serious source of income unlike most that have incorporated it as an addiction in their life style.

All trick and methods that are shared by all people in fact the plot is the same, namely set about personality. If we can hold our greed and lust. Sure victory in gambling is reasonable, although sometimes we suffered defeat. If indeed we are not talented in gambling then we recommend that you sign out and looking the other way

Its good to hear you have such a great win, but i am afraid of playing with that kind of style, if a person doesnt know how to stop then in the end no matter how much you win you will lose it all,its good to press when you have luck but we dont know when the luck is going to end, so for me, i better play small, i enjoyed gambling as an entertainment

In short, when you are lucky grab that oppurtunity and take advantage on it. As a gambler of course i experience and did that one. Whenever im lucky i play harder but the result was always opposite.

Gambling is always on chance for the fact it works for you does not mean it will work for everyone like that. In as much you're ready to lose and also take the risk the all well and good and to those who are always on losing side just know gambling is not for every one... My 2 cents...

It is not only you but no one in this world got effective ways to make earnings from gambling on a regular basis. Whoever try to earn money from gambling will end up losing most of their money so don't chase profits in gambling instead just gamble for fun and if you're lucky surely will make some money and only sometimes but not always.

Isn't this just gamblers fallacy ? Or are you meaning go for the big wins to recover previularge losses because you can't make a large amount unless you wage large amounts. Is that what you sort of saying ? I agree with the pattern I dont think a casino even needs house edge with that pattern.

Do you have a Job ? Pretty much you have spent more time Gambling than looking at the actual perks of life.

Good point.However scenario is completely different when you're gambling online.Not even the closest call..

Accurate.

Taking risks is fine but when you're playing online on a provable fair casino ,the chances of being on a winning streak are slime.More like,you can literally not predict if your next spin is win.The algo does satisfy the provable fair rules all the time.Hence you can get lucky once,not thrice the same way and its better to quit for the day once you are.

I think everyone should decide individually how to play and how to win. I gamble a lot, and hot moment that OP is talking about happen sometimes, but not always, and more then once I had some big wins and I thought its my night but after rising bets I lost everything very fast. Normally with higher bets amount of money is going down like crazy.
Sometimes we need to push if we wish to win big, but most important is to know when to stop. Fresh example is my gambling last night with 50 mBTC deposited after some time of playing I was on 10 mBTC and then several good wins and I was on 107 mbtc. I thought its my night and guess what? I lost all, it wasn`t my night.
Its gambling, sometimes it make you believe you can win but you are just going down. So knowing when to stop and not be greedy is something that I need to learn more.

By Highs he means when he's only a winning streak or he's hit a jackpot etc.

Gambling is always unpredictable so nobody can tell exactly what he want to make from it, I am not using any kind of strategy for betting because I am very active with sports betting, but some time I play with live dealers than I use to play minimum bet amount there and try to find the safe wat to exist with profit.

I always experiencing an error about my balance in any gambling websites, and it says "Error 404: BTC Not Found". It sucks to be a loser and I don't have a very effective way or method to make an income in gambling. LOL.

You can just get it, but you should also be ready to accept all responsibility for what you've got. Because it can only be owned by people who have the mental strength and extraordinary. Pray to the Lord, maybe you will get it

Below 18s' are not allowed to gamble. But then you managed not to be busted and your 20 now and still gambling. Good for you!

I don't get what you mean by those highs. You mean the price or the high rollers? or something else?
And I don't understand all part of this as well. How is this a Gambling 101 if I can't understand which part is the lesson.

I would say: learn not to lose everything in the valleys and not think you have superpowers that can make you predict the future and you bet too much and lose everything

Okay we are all here because we enjoy gambling. Some are addicted, some in denial and some just flirting with it. I've been gambling since the age of 16, over 20 years now. I've rode the highs and crashed thru the lows, in the end I still enjoy gambling.

My advice is to dam well make sure and take advantage of the highs. Over the years I've noticed the peaks and valleys. Some days no matter what, you can't win. Nothing can change that and it sucks. Now the peaks. Those days everything you touch turns to gold. They happen, just not that frequently. My experience stems from live gambling, casino and sports.

Let me tell you how the mind of most gamblers works. When a gambler is winning, he gets to a point where he switches to protect mode. He's turned that $50 in to $250 playing blackjack and now he's dropped to betting $5 a hand again. Now let's reverse this. He's now stuck $250 and guess what? The bets get larger as he chases. You will witness this pattern in most casinos all over the world.

Now what you should do when you are hot is press! And press hard! Don't be afraid to lose your winnings, when your hot you want to take full advantage of this. On more than a few occasions I've turned $500 into $15,000 just by pushing. Six the hard way three times before rolling a 6 or 7, each time bumping it $25 more. Roulette wheel catching double spins, it happens.

In closing I will say that over the long run we all lose. But when your running hot and it does happen, press like a MOFO. Don't go in to protect mode, set yourself apart. Good luck whatever your betting on.