Topic: Gambling: process vs outcome - page 11. (Read 2344 times)

The most satisfactory feeling in gambling is a combination of both. That means putting in lots of work for the first process, doing research, looking for valuable information, analyzing the stats, run through different scenarios and slowly putting all the pieces together. Based on all the details you gathered, you would then place a bet or play a game and enter process two. This is watching it all unfold just the way you anticipated and analyzed it beforehand. In a perfect world you would then collect your money in process three. This process also involves some learning effect, i.e. you realize that hard work pays off. 

In reality, process 1-3 often go in different directions, which can be quite weary, but you can still learn from it. You don't learn as much from winning as you do from losing. By improving the preparation process, the outcomes will also get better. And it should always be your #1 priority to get the process right first, the rest will follow automatically.

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The appeal with lotteries is the dream factor. Hitting the Jackpot will be a life-changing thing and make you financially independent. And by playing lotteries, you can be a millionaire in your mind for quite some time and think about all the nice things you would buy or things you could do then. You can daydream for a bit, which is quite nice and also important imo. The only problem only is: Reality will kick in fast again. Most likely at least.

It's the outcome, people wouldn't care much how it's done as long as the price is very attractive.
Winning millions of money with a very small amount you can bet makes us bettors playing with a very slim chance of winning, not even 1%.

people say when we gamble in lottery we do like flushing out money in the toilet but since there are still winners of the millions of bettors, that makes us try to our luck hoping that if it hit this will change our financial life.

I'm not a fan of lotteries since it only depends on pure luck. So I guess I am a gambler who enjoys the process of the game itself than the outcome, but of course, I would enjoy winning too.

Lotteries are not something that you should consider as an investment because even though the jackpot is really high that it can entirely change your life, the chance of winning is really slim.

I agree with you, don't find anything interesting in lottery. Please anyone don't get wrong with me but lotteries are mostly played by people with average/under average wealth. They are looking for cheap wins with high reward and that's where lottery really shines. Mathematically your chances to win lottery are super low, but mostly marketing run by them makes people to believe it's easy, no one sees the mathematical side of this game. Lottery is the game where outcome matters the most, I have never seen anyone addicted to it or had craves of lottery.
But games like dice, blackjack and etc, where you win/lose in seconds, floods your brain with dopamine (dopamine kicks when you win). That's why these games are attractive and addictive while outcome matters too.

I certainly agree with your statement. It is true that lotteries doesn't cost gamblers much money and it is one way to enjoy gambling without making you cost more than you can afford to lose to have a chance to win jackpot in their lottery site. Most gambling site would cost you so much money.

I will answer this question based purely on my experience when I was still gambling with my brother.

I remember back in the days when I still used to gamble with my brother. We'd hang at least 2-3 times a week and visit casinos. Regardless of the result, we would drink beer after and talk about our success, achievements, relationships, and problems. Although we already stopped gambling, the process is what makes gambling worth it to us both.

I also understand that there are a few who gamble in order to provide for their families or they gamble because they love the feeling of uncertainty. But this question is almost based on the experience and status of the gambler.

Don't be misinformed, playing lotteries is also a form of gambling. Lotteries requires less stress, less capital (fund) but offers an opportunity to win big compared to other games. When you think about that then you'll understand why people prefer trying their luck with a bet that, the possibility of winning is almost impossible but when they do win, they win big. Another selling point of lotteries has to do with the luck factor, once another is feeling lucky, they go play lotteries with the hopes of hitting the jackpot.

Personally, I'm more enthusiast about the process but that doesn't mean I'm less concerned about the outcome. For the process that involves dedicating time to study a specific game, like soccer as an example. The satisfaction I get most times compensate me when my predictions are wrong.

If you are a gaming addict, you dont even care about the process of the game or any lottery and you cant even wait for the outcome because you want an easy money. The essence of gaming just for fun slowly dying and also the greediness will eat you up because playing lottery or any gambling games is literally way too much addictive. It should be balance because if you are already an addict you cant even resist and refrain from playing anymord once you started.

People like lotteries because the tickets are cheap when compared to the minimums of the other online casinos. I don't like lotteries but i'm more interested on the outcome rather than the process because the profits are what usually matters for us. For those who don't have much experience, the process can be interesting but eventually you'll get used to the same thing over and over until your interest would shift to the outcome.

The vast majority of people who play the lottery simply aren't interested in the process, it's not what you would call a "game of fun."

The simple fact is, the lottery is a slow-paced game that is played by those looking to win the jackpot. Anybody who wanted to win big, while also enjoying the game would likely play scratch cards instead.

That's why a lot of casinos have a much faster-paced lottery, which is similar to scratch cards.

You are correct. The process is actually much more interesting than the outcome. The thrill involved and the anticipation is what most gamblers look for.
An easy example would be sportsbetting, if you even follow a free prediction, you are likely to get good profit on long run. But rather than doing that, we bet crazy on the team we like.

I've seen a guy asking for advice about lotteries and it got me thinking. I don't understand why people even like lotteries. You don't do much, most likely lose and have to wait for the outcome for a long time. Perhaps, people are interested in the possibility of winning, but that would mean they are not really into gambling as the process. So what is it for you, do you play only for the sake of winning or do you care about the process of playing/researching/anticipating the outcome? I think that the process is that is attractive in gambling, and while the outcome surely matters, I would not like to wait for a long while to learn it.