Gambling Myths that we often hear - page 2.

Tumanggor

full member

Activity: 1050

Merit: 109

1xBit.. recovered their reputation

Quote from: peter0425 on August 15, 2022, 02:27:10 AM

Quote from: molsewid on August 14, 2022, 12:21:55 PM

Quote from: acroman08 on August 14, 2022, 11:51:10 AM

Quote from: ethereumhunter on August 13, 2022, 09:23:32 PM

Quote from: livingfree on August 13, 2022, 12:40:00 PM

~

how bad is that? they are spending the money for food just to gamble? what kind of people are they? I must admit that one time of my life I become gambling addict , but never that i spend the budget for the food just to bet in gambling because family is sacred for me, I would rather not eat than them getting hungry.

alluding to gambling addicts who abandon their families (starving and sickly and even in debt) there is a lot out there

the facts that occur as a result of gambling (addiction) are really painful. Cases about gambling addicts who are in huge debts because and their families are torn apart and some even died have been heard several times in my city, it's really a sad thing

Gambling knowingly that we don't live alone in this world is a must for all gamblers because big wins will be meaningless if families fall apart

peter0425

sr. member

Activity: 2618

Merit: 439

Quote from: molsewid on August 14, 2022, 12:21:55 PM

Quote from: acroman08 on August 14, 2022, 11:51:10 AM

Quote from: ethereumhunter on August 13, 2022, 09:23:32 PM

Quote from: livingfree on August 13, 2022, 12:40:00 PM

Yes, there's no exception in gambling.

If a man can be addicted, the same goes for a woman that's also in gambling. In our old neighborhood during my childhood, I've seen wives that were addicted to playing card games. It's almost everyday they play.

I have never seen a wife addicted to playing cards but I often see my neighbour playing cards with his friends. He even had the heart to beat his wife to ask for money to gamble and gambled every night. But luckily, her husband is now dead so his wife doesn't suffer anymore.

I have, and they are no better than any gambling addicts. growing up, I've seen a lot of them spending all day gambling while their husband is working. they would get angry if their kid/s ask for money to buy food. they would also get angry if the husband didn't make enough money for the day(a lot of the husbands are tricycle drivers).

Yes you are right, people in our country prioritize gambling rather than the food in their plate which alarms me, most of the people rely their whole finances in gambling that there's no assurance or guarantee that they will earn more or will win the game, here in my community they don't gamble often when this August came, maybe they will grind again after this month.

how bad is that? they are spending the money for food just to gamble? what kind of people are they? I must admit that one time of my life I become gambling addict , but never that i spend the budget for the food just to bet in gambling because family is sacred for me, I would rather not eat than them getting hungry.

ethereumhunter

hero member

Activity: 2912

Merit: 541

Leading Crypto Sports Betting & Casino Platform

Quote from: livingfree on August 14, 2022, 08:48:30 AM

Well, sad to say that there goes the underage that is already into gambling. We know that there are underage gamblers who don't want to let others know that they're already gambling.

It is sad but that's the reality and in online gambling, if the casino doesn't have KYC, they are taking advantage of it and they can easily deposit and withdraw and play without knowing how old they are.

We don't know how these children came to find gambling sites or places to gamble locally. But it happens in some places and children can get into gambling circles because of the lack of parental supervision. And if these children can access the internet easily and freely, I think they can get other information besides gambling, including pornography. There have been many pornographic cases involving minors.

Quote from: livingfree on August 13, 2022, 12:40:00 PM

I don't see any luck on that if someone's husband is dead. Well, there are situations that you have to realize that it's not for them when they gamble.

I've seen those based from my experience.

If her husband, who is an addicted gambler, dies, at least his wife can be free from the abuse case and she can start a new life without fear anymore. But it will leave a deep trauma for his wife.

Quote from: acroman08 on August 14, 2022, 11:51:10 AM

I have, and they are no better than any gambling addicts. growing up, I've seen a lot of them spending all day gambling while their husband is working. they would get angry if their kid/s ask for money to buy food. they would also get angry if the husband didn't make enough money for the day(a lot of the husbands are tricycle drivers).

That is a condition where the wife is very addicted to gambling because a wife must be able to take care of her children and help her husband in his household. If this is allowed, there will probably be many divorces and I feel sorry for those children because they could be depressed and traumatized by their childhood.

TelolettOm

hero member

Activity: 2086

Merit: 553

Leading Crypto Sports Betting & Casino Platform

When someone is starting gambling but he cannot control.
himself, he will expect to win and win again. In fact in gambling, it is not as easy as we think. Gambling may be entertaining moreover if we win. But it will be so frustating if everytime lost on gambling.
Related to the myths that OP wrote above, I am sure that those come from the mindset and also influence from the gambling platform itself to attract many more people to gambling.
We may deny our addict in gambling but in fact we are probably addicted when we cannot stop gambling and always curious to gamble again and again even after losing. This is because we cannot control ourself in gambling

Tumanggor

full member

Activity: 1050

Merit: 109

1xBit.. recovered their reputation

Quote from: BitDane on August 14, 2022, 03:20:09 PM

Quote from: Tumanggor on August 14, 2022, 02:34:16 PM

Quote from: panjul07 on August 13, 2022, 12:52:45 PM

~

If you don't want losses, avoid gambling, or if you want to try the experience of playing slots, you can try the fun token mode gameplay. If you want to gamble and wanted to minimize your losses, play moderately and responsibly. That way you can allocate minimal funds for your gambling activities.

since I've known gambling and feel fun when playing gambling, then since then I can't leave gambling

I'm sure all of us have been gambling for years and have been able to control ourselves in using capital when gambling. I take great responsibility for what I do and manage my gambling patterns to avoid future losses

blockman

hero member

Activity: 2940

Merit: 627

Vave.com - Crypto Casino

Quote from: ?? on ??

Martingale strategy has been proven worst in the long loss streaks, compulsive gamblers keep chasing losses untill nothing left to play. Myths are there for reason, mostly they want keep hopes alive so gamblers go back for wagering more. The more gamblers chase losses, the greater loss streaks especially MartiFail makes it faster than blink of an eye.

Those who have proven this strategy to be a not working strategy can really say that this is one of the worst strategies out there. It will not work for the majority and if there's someone that has proven to do this and says that it's effective.
Then, they're one of the few people that have been saying that because the majority will agree that this strategy is very hard and not for everyone because it is going to lose you more than what you can afford.

Viscore

hero member

Activity: 3038

Merit: 647

Quote from: bitzizzix on August 09, 2022, 01:41:34 PM

Myth 12: Gambling Problems Cannot Be Treated.

There is an old saying in the world of addiction. Life will end in prison, rehab, or death unless the disease is caught.
It is not easy to cure a gambling addict and only an expert, family and close friends can cure him through a long process and time and with real intentions.

And it will only be treated and healed only when the gambler itself admits to himself that he has already become addicted. That way, he will be given proper treatment and medication, and he will recover easily once his family and loved ones are also supportive on him. Although a lot of gamblers have been encountering addiction, but they surely survive as because they wanted to and that they don't want to stay addicted forever.

serjent05

legendary

Activity: 2884

Merit: 1258

Quote from: edgycorner on August 14, 2022, 04:38:48 PM

In which part of the world do following myths exist lol

Quote

Myth 1: Gambling Isn’t Addictive
>> Fact: Gambling is designed to be addictive.

Myth 4: If You Can Afford It, Compulsive Gambling Isn’t Really a Problem.
>> Fact: Compulsive gambling is a symptom of underlying emotional and coping problems.

Myth 10: Teens Don’t Gamble, Only Older People Gamble
>> Fact: Gambling is a bigger problem among teens than it is in adults.

So I checked the source, and it's a rehabilitation biz. Totally biased source.

Everyone is aware about gambling's addictive nature

The only myth, which I believe truly exist almost everywhere is this:
House always wins

That's not always the case. Many gambling houses and website have gone bankrupt. Some simply can't handle the strain of big whales or sophisticated cheaters.
The house does have a very good chance of beating you and the ground is skewed to favour the house as well.
But you can still beat the house without breaking any of their terms(or cheating) either

Example: Arbitrage betting, looking for undervalued markets(they usually appear when the market opens and doesn't stay for long), removing emotion out of your gambling(toughest part).

The thing is, most of the people are stupid with no conceptual understanding of probability and arithmetic

This is why "usually" wins.

Probably those myths existed in some parts of the world. We are only present in a location where we are living so we missed a lot of belief in places we don't have any access to. The same thing you say about probability and arithmetic, many people don't really know many things about gambling and oftentimes listen to their friends and colleagues that has also have little understanding about gambling, and this is where myth begins.

About the house winnings, there are actually many of the members here who believe that a player has no chance of winning against the house since they believe that the House always wins which we both agree is not true. House edge gives an advantage to the house that makes them win more often. In a scenario where the player wins, that player tends to outwit the house by completely ending his gambling session while he is ahead. In the case of big jackpots, this is the proof that the house does not always win. So I will also go with the term, the house usually wins.

edgycorner

sr. member

Activity: 1064

Merit: 382

Hurrah for Karamazov!

In which part of the world do following myths exist lol

Quote

Myth 1: Gambling Isn’t Addictive
>> Fact: Gambling is designed to be addictive.

Myth 4: If You Can Afford It, Compulsive Gambling Isn’t Really a Problem.
>> Fact: Compulsive gambling is a symptom of underlying emotional and coping problems.

Myth 10: Teens Don’t Gamble, Only Older People Gamble
>> Fact: Gambling is a bigger problem among teens than it is in adults.

So I checked the source, and it's a rehabilitation biz. Totally biased source.

Everyone is aware about gambling's addictive nature

The only myth, which I believe truly exist almost everywhere is this:
House always wins

That's not always the case. Many gambling houses and website have gone bankrupt. Some simply can't handle the strain of big whales or sophisticated cheaters.
The house does have a very good chance of beating you and the ground is skewed to favour the house as well.
But you can still beat the house without breaking any of their terms(or cheating) either

Example: Arbitrage betting, looking for undervalued markets(they usually appear when the market opens and doesn't stay for long), removing emotion out of your gambling(toughest part).

The thing is, most of the people are stupid with no conceptual understanding of probability and arithmetic

This is why "usually" wins.

BitDane

sr. member

Activity: 1372

Merit: 348

Quote from: Tumanggor on August 14, 2022, 02:34:16 PM

Quote from: panjul07 on August 13, 2022, 12:52:45 PM

Sorry if it has been mentioned previously but I think there are some gamblers who believe that there is a specific time when they get more wins or more loses.
I believe it is a myth because I dont think there is a specific time to have better winning chance or to get worst winning chance.
What I believe is that there is a best time to gamble, when is it? It is a when we are ready to take any result.

To be honest, this is a myth that is still being debated in my head

I met a gambler who mostly won and they said that gambling doesn't require the right time, they gamble because they really like it and winning is not the main reason they gamble

while those who gamble based on time mostly end up losing, therefore, I am becoming increasingly confused about what each gambler should actually do so that they can minimize losses

If you don't want losses, avoid gambling, or if you want to try the experience of playing slots, you can try the fun token mode gameplay. If you want to gamble and wanted to minimize your losses, play moderately and responsibly. That way you can allocate minimal funds for your gambling activities.

Tumanggor

full member

Activity: 1050

Merit: 109

1xBit.. recovered their reputation

Quote from: panjul07 on August 13, 2022, 12:52:45 PM

Sorry if it has been mentioned previously but I think there are some gamblers who believe that there is a specific time when they get more wins or more loses.
I believe it is a myth because I dont think there is a specific time to have better winning chance or to get worst winning chance.
What I believe is that there is a best time to gamble, when is it? It is a when we are ready to take any result.

To be honest, this is a myth that is still being debated in my head

I met a gambler who mostly won and they said that gambling doesn't require the right time, they gamble because they really like it and winning is not the main reason they gamble

while those who gamble based on time mostly end up losing, therefore, I am becoming increasingly confused about what each gambler should actually do so that they can minimize losses

Cookdata

hero member

Activity: 910

Merit: 875

Not Your Keys, Not Your Bitcoin

Quote from: Issa56 on August 13, 2022, 12:13:41 PM

I don't think you are really right, men get addicted to gambling not just because they are the provider of the money, some men will take a loan and gamble with it, which I believe girls can also take loan, also some women also working and they are receiving decent salary but they don't still gamble, not all girls wait for men to give them money, some of them are having their money but I don't know why women don't really gamble like men.

Real men don't take loans and wager them on some random games and bookies, they used them for something serious other than gambling and so do women, when your gambling reaches the point where you have to take loan, there should be a stop to it because that's where the addiction began and the moment you become used to it, you may find it difficult to get out of it.
The reason why we have few women who gamble is that you should know that women are wire different the way men are, men have that mind to take risks than women and can also withstand any outcome be it good or bad, if the latter happens to the women, some may collapse, it is their nature.

KTChampions

legendary

Activity: 2352

Merit: 1903

Leading Crypto Sports Betting & Casino Platform

Quote from: uneng on August 13, 2022, 03:19:38 PM

Quote from: KTChampions on August 13, 2022, 11:03:41 AM

I don’t see the logic in this - yes, children have easier access to gambling and see their wider advertising, but after trying it in practice, they quickly realize that this is at least “an advertisement that does not correspond to reality” or it’s just a scam. I judge by my daughter and her girlfriends. Many of them immediately call loot boxes and even all the mechanics in games where you have to “win” something from many attempts a scam. Even if we are talking about free in-game currency or raiding dungeons with a non-guaranteed prize.

Besides teens, it happens to every other age's groups. Most people will try gambling if persuaded by advertisements or friends' encouragement, but only very few of them will remain active on this activity, while the majority is going to lose interest due to negative experience (loss). Also, few people will present addictive behavior.

Gambling isn't for everyone and it isn't for most people because they aren't looking for entertainment exactly, rather they seek for extra income or financial independence that definitely isn't achieved through gambling as a general rule.

I could be wrong, but it seems to me that it still works more for older age groups (they are more fixated on money) than for children. A child with a smartphone has a million possibilities - after losing one game, he can start playing another, he basically has no problem with the need to "win back his money" because it is much more reliable to pull money from parents Grin

Then, when a person gets older and the "price" of money becomes completely different, the dangers of gambling also become more serious.

molsewid

hero member

Activity: 2170

Merit: 530

Quote from: acroman08 on August 14, 2022, 11:51:10 AM

Quote from: ethereumhunter on August 13, 2022, 09:23:32 PM

Quote from: livingfree on August 13, 2022, 12:40:00 PM

Yes, there's no exception in gambling.

If a man can be addicted, the same goes for a woman that's also in gambling. In our old neighborhood during my childhood, I've seen wives that were addicted to playing card games. It's almost everyday they play.

I have never seen a wife addicted to playing cards but I often see my neighbour playing cards with his friends. He even had the heart to beat his wife to ask for money to gamble and gambled every night. But luckily, her husband is now dead so his wife doesn't suffer anymore.

I have, and they are no better than any gambling addicts. growing up, I've seen a lot of them spending all day gambling while their husband is working. they would get angry if their kid/s ask for money to buy food. they would also get angry if the husband didn't make enough money for the day(a lot of the husbands are tricycle drivers).

Yes you are right, people in our country prioritize gambling rather than the food in their plate which alarms me, most of the people rely their whole finances in gambling that there's no assurance or guarantee that they will earn more or will win the game, here in my community they don't gamble often when this August came, maybe they will grind again after this month.

acroman08

legendary

Activity: 2352

Merit: 1087

Quote from: ethereumhunter on August 13, 2022, 09:23:32 PM

Quote from: livingfree on August 13, 2022, 12:40:00 PM

Yes, there's no exception in gambling.

If a man can be addicted, the same goes for a woman that's also in gambling. In our old neighborhood during my childhood, I've seen wives that were addicted to playing card games. It's almost everyday they play.

I have never seen a wife addicted to playing cards but I often see my neighbour playing cards with his friends. He even had the heart to beat his wife to ask for money to gamble and gambled every night. But luckily, her husband is now dead so his wife doesn't suffer anymore.

I have, and they are no better than any gambling addicts. growing up, I've seen a lot of them spending all day gambling while their husband is working. they would get angry if their kid/s ask for money to buy food. they would also get angry if the husband didn't make enough money for the day(a lot of the husbands are tricycle drivers).

livingfree

hero member

Activity: 2814

Merit: 578

Quote from: ethereumhunter on August 13, 2022, 09:23:32 PM

Quote from: livingfree on August 13, 2022, 12:40:00 PM

Quote from: ethereumhunter on August 13, 2022, 12:35:50 PM

Maybe the myth is that a woman very rarely or not at all plays gambling because she doesn't want to spend her money on gambling games. Or it could be because it is taboo for a woman to gamble.

It's a taboo because it's known that gambling is just for woman. But you know what in real life situations, when a woman becomes addicted, they become really addicted to the point that they're too severe in addiction.

Gambling is not only for women or men but for all, as long as it is not for children. Then if someone becomes addicted, it will have a fatal effect on that person, whether he is a man or a woman. But if you only play gambling occasionally, maybe women can have better control than men because women will consider the causes and consequences of gambling more.

Well, sad to say that there goes the underage that is already into gambling. We know that there are underage gamblers who don't want to let others know that they're already gambling.

It is sad but that's the reality and in online gambling, if the casino doesn't have KYC, they are taking advantage of it and they can easily deposit and withdraw and play without knowing how old they are.

Quote from: ethereumhunter on August 13, 2022, 09:23:32 PM

Quote from: livingfree on August 13, 2022, 12:40:00 PM

Yes, there's no exception in gambling.

If a man can be addicted, the same goes for a woman that's also in gambling. In our old neighborhood during my childhood, I've seen wives that were addicted to playing card games. It's almost everyday they play.

I have never seen a wife addicted to playing cards but I often see my neighbour playing cards with his friends. He even had the heart to beat his wife to ask for money to gamble and gambled every night. But luckily, her husband is now dead so his wife doesn't suffer anymore.

I don't see any luck on that if someone's husband is dead. Well, there are situations that you have to realize that it's not for them when they gamble.

I've seen those based from my experience.

Smartprofit

legendary

Activity: 2338

Merit: 1775

Quote from: Jemzx00 on August 13, 2022, 03:59:30 AM

Quote from: Smartprofit on August 13, 2022, 02:45:07 AM

The myth that teenagers do not gamble and that only older people (over 40) actively gamble is a very common one.

This misconception arose due to the fact that adults do not understand what exactly teenagers are passionate about. Teenagers ride bicycles and electric scooters, listen to modern electronic music and consume content on the Internet... Adults know this.

However, the question arises - what exactly do teenagers do on the Internet?

Many older people do not know anything about online casinos. They themselves played slot machines and online casinos (in the style of Casino Royale from the James Bond movie of the same name).

Today's teenagers do not play offline casinos, but online casinos are visited frequently.

Unfortunately that's how things are right now especially that anyone will be able to use the internet however they want whether there is an age limit. Even kids and teens are able to access website that they shouldn't supposed to and this is not limited to gambling. Also, one of things why they do this is curiosity as they cannot access this places and things on physical existence which is why they try to do so online.

Many children and teenagers are better versed in IT technologies than adults.

In addition, they actively use social networks for communication. In social networks, it is easy to get advice on which online casino is better to use for gambling.

On YouTube and other video hosting sites, you can easily watch detailed video instructions explaining all the intricacies of gambling.

Therefore, children and teenagers do not have insurmountable barriers to gambling. The same barriers that exist can be easily bypassed.

erep

hero member

Activity: 2282

Merit: 589

Quote from: gunhell16 on August 14, 2022, 01:29:34 AM

But do you believe that in other aspects there are still minors like teenagers who can enter online casinos via online even here in the cryptocurrency industry? I think there is because I saw someone here on the forum who is one of the members here on this platform who is only at the high school level but he is already in the cryptocurrency gambling world, but from what I can see he is managing well what is he doing here, what can you say about that?

The fact that teenagers are also involved in gambling despite applying age limit requirements in terms and conditions, they can confirm the age option is over 18+ (for example) just click the Yes button to enjoy gambling games, that's the reason for KYC verification because it can prevent underage users but another factor because user responses are afraid to complete KYC.

Some countries determine the maximum age varies from teenager to adult but for real casinos, but online casinos the average age of 18+ is stated in the maximum age requirement.

lionheart78

legendary

Activity: 2898

Merit: 1152

Quote from: Rabi3 on August 13, 2022, 07:59:56 PM

Quote from: NeuroticFish on August 09, 2022, 11:31:14 AM

I'll add that many (newbies, kids) think that Martingale or similar strategies are a safe win. Of course, until they face a long enough losing streak... Does it count?

I think what you mentioned is matches the myth number 3 that op shared " If You Keep Playing, You Will Eventually Win Your Money Back" that's how the martingale system works, it's only summarized in short period of time, I fell for it and tried many times and of course the day came were I faced a big streak of losses and lost it all, I didn't even read about and nobody told me about it, it just seemed right to me to do, I learned that it was a thing after sometime of doing it.

I think martingale works in a different way. It isn't about playing continuously but incrementing the bet continuously when on a losing streak. Martingale is about a strategy on betting method and is not connected to the length of gameplay. But yeah continuous playing while using martingale often use the fallacy of eventually we will win thus supporting myth #3 if we keep on playing we will eventually recover our losses.

gunhell16

sr. member

Activity: 1666

Merit: 453

Quote from: serjent05 on August 12, 2022, 02:48:50 PM

There are cases of gambling addiction in women. So women do gamble the way men do. I don't know how can you arrive that there is a difference between a man gambling and a woman gambling. Aren't they both doing the same process when gambling? Women also visit physical casinos, you can try to search the internet to verify if they really do.

Some women gamble in casinos, I have seen someone like that in a movie other than "God of Gambler" but most of them are still men who go to casinos, only a few women gamble. Now, to your question about whether a woman has the same gambling method as a man, they always do not have the same method there, we know that. But in the online casino, I think more women play here than in the physical casino.

But do you believe that in other aspects there are still minors like teenagers who can enter online casinos via online even here in the cryptocurrency industry? I think there is because I saw someone here on the forum who is one of the members here on this platform who is only at the high school level but he is already in the cryptocurrency gambling world, but from what I can see he is managing well what is he doing here, what can you say about that?

Topic: Gambling Myths that we often hear - page 2. (Read 1255 times)