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Topic: Gambling Wins: Your Money Was Returned to You. (Read 1376 times)

hero member
Activity: 952
Merit: 938
~snip~
Only if gamblers can understand that it is impossible for them to win back what they have lost to the casino, that is why they will stop chasing their losses, and they will be satisfied with their little win, in order for them to cash it out, and enjoy their wins by going out to have fun or buy something that they will use to remember that they won some money in gambling. But the greed and lack of contentment makes them not to be satisfied with little wins, and will continue playing to see if they can win more, and loss it all.

Yeah, this is really true.

It's all designed to be like that really.

It's all fun and games while playing, but withdrawing the money is boring, like sobering up kind of feeling. Most people would like to continue the fun party and keep pressing buttons or gambling until they are basically empty handed.

Similar to eating problems, many people can't stop eating say a bag of chips until they are all gone.
sr. member
Activity: 406
Merit: 360
There have been saying that before you win a game in gambling, you would have lost enough funds and that means you didn't win any new or extra money to yourself but the casino return part of your money which you have lost before to you.

Its only when we are more being focused on winning and earning through the money we see from gambling, we shouldn't for any reason think of gambling as a means of income, never should we grow with the mentality of the money we are using to gamble will one day be returned to us once we win a jackpot, this is a wrong mentality, we should be gambling for fun, forget about the money spent on it, the losses made or the potential future earnings we are having targets on, we may never realized recovering back our money, while we must have lost much more than expected except we clear our minds not to chase after loose.

True, usually the scenario will be more often experienced by gamblers who have the intention and purpose to earn in gambling, as you said that they are too focused on winning so this mindset makes them overlook that in fact it is the amount of money they have lost before that is returned by the casino, but still in the end it is really difficult and rarely a gambler can come out with a recovery or even a profit, because after all as we know that the percentage of losses in gambling is much greater than wins.

But the unfortunate fact is that most gamblers are too focused on winning that usually 10 defeats can be treated with one win even though the amount of winnings cannot cover the amount of loss from several defeats they have experienced before, I don't know the exact reason but certainly when we are too focused on winning then when we win instead of cashing out the winnings as an amount to restore something that has been lost before but they instead continue because they feel that it is an opportunity that must be utilized which ultimately ends in disappointment.
Only if gamblers can understand that it is impossible for them to win back what they have lost to the casino, that is why they will stop chasing their losses, and they will be satisfied with their little win, in order for them to cash it out, and enjoy their wins by going out to have fun or buy something that they will use to remember that they won some money in gambling. But the greed and lack of contentment makes them not to be satisfied with little wins, and will continue playing to see if they can win more, and loss it all.
hero member
Activity: 1554
Merit: 654
There have been saying that before you win a game in gambling, you would have lost enough funds and that means you didn't win any new or extra money to yourself but the casino return part of your money which you have lost before to you.

Its only when we are more being focused on winning and earning through the money we see from gambling, we shouldn't for any reason think of gambling as a means of income, never should we grow with the mentality of the money we are using to gamble will one day be returned to us once we win a jackpot, this is a wrong mentality, we should be gambling for fun, forget about the money spent on it, the losses made or the potential future earnings we are having targets on, we may never realized recovering back our money, while we must have lost much more than expected except we clear our minds not to chase after loose.

True, usually the scenario will be more often experienced by gamblers who have the intention and purpose to earn in gambling, as you said that they are too focused on winning so this mindset makes them overlook that in fact it is the amount of money they have lost before that is returned by the casino, but still in the end it is really difficult and rarely a gambler can come out with a recovery or even a profit, because after all as we know that the percentage of losses in gambling is much greater than wins.

But the unfortunate fact is that most gamblers are too focused on winning that usually 10 defeats can be treated with one win even though the amount of winnings cannot cover the amount of loss from several defeats they have experienced before, I don't know the exact reason but certainly when we are too focused on winning then when we win instead of cashing out the winnings as an amount to restore something that has been lost before but they instead continue because they feel that it is an opportunity that must be utilized which ultimately ends in disappointment.
hero member
Activity: 1092
Merit: 507
Leading Crypto Sports Betting & Casino Platform
It's obvious that it's the thing that most people will talk about when you win in gambling because most of the time it's losses that you'll experience when you're gambling and if you calculate the odds, it's always against you so that's the absolute opinion in regards to that kind of thing. Now I'm not saying that you can't win without upsetting your total losses or getting more than your total losses but the problem is that the bigger the prize money is, the more that the odds are stacked against you and the more the money that you'll have to risk to be able to win that kind of money.

considering that the chance of losing is greater than the chance of winning, it is clear in my opinion that gambling can put them in a detrimental circle. loss or loss of money in gambling has become something that is bound to happen, even though there is gambling that requires us to have skills to be able to play it, this does not mean that it can cover the losses that will definitely occur. Also, it is true that losses in gambling are what many gamblers will experience more often. Now, for example, if one person gambles a day, it can be up to 10 times, but I am sure that with 10 times more gambling, more gambling will end in defeat, right? with victory.

When you get a win, it can clearly make gamblers interested in doing excessive things, such as continuing to gamble even though they have succeeded in getting a win. With gambling that involves money, of course winning is the goal of many gamblers, so even though they have won, there are gamblers who don't. satisfied with the victory they have obtained, because the involvement of money in gambling makes them want to get more than what they have already obtained.
hero member
Activity: 2856
Merit: 541
Leading Crypto Sports Betting & Casino Platform
unfortunately few months later without realizing that, I was losing most of my income to BlackJack and when tricked me is the small profit I get. For instance, two weeks of losing my whole deposit and one week of winning only 50% of my initial deposit that felt like doing good while it wasn’t the case at all.

I think this is the reason why your wins are not your wins at all until it was on your bank account. Because unless you withdraw it, then  its still a money at risk. And you will never know if your account is in profit / loss/ or breakeven until you analyze your transaction history. Because along with all those wins and losses there's also transaction fees.

Which means that your wins should not only cover your losses but also the fees involve.
It seems I agree with you that if we are not receive our win money in our bank account, that means we aren't really wins. That money will still in our account gambling and that could makes us used that money to playing gambling instead withdraw the money. That can gives us risks to lose that win money that we gets if we can't control ourselves after that wins.

When you already lose in gambling and you playing gambling in the other days, you actually have a risk to lose that money while you can't easily recovers your lost money before. So that means what you win was part of your loss because we will difficult to wins all of our money that we used to playing gambling since beginning. We must understand that playing gambling have a risks and we will difficult to gets our money back.
hero member
Activity: 952
Merit: 938
It is unclear what exactly the author of the start post is writing about. The gambling industry is very large and the games of chance are very different. There are games in which randomness is absolute and it is impossible to win in the long term. A classic example is casino roulette or games like Dice. Regarding poker or sports betting. In fact, long-term profitable players in sports betting do exist. But of course there are very few of them. I would say there are less than 1%. Some of them are well known, like Bob Voulgaris, while others hide from the public, preferring to keep their winnings secret.

The thing is that with probabilities you will always have a few people that win big. That's just how probabilities work.

In the same way that a person can win the lotto, even though the odds are tiny.

If you ask the people that have won, they will all come back with a story about why they won, that's human nature. We create a story to explain what happens to us.

In reality, it's just chance.
legendary
Activity: 2422
Merit: 2915
It is unclear what exactly the author of the start post is writing about. The gambling industry is very large and the games of chance are very different. There are games in which randomness is absolute and it is impossible to win in the long term. A classic example is casino roulette or games like Dice. Regarding poker or sports betting. In fact, long-term profitable players in sports betting do exist. But of course there are very few of them. I would say there are less than 1%. Some of them are well known, like Bob Voulgaris, while others hide from the public, preferring to keep their winnings secret.
full member
Activity: 1064
Merit: 158
★Bitvest.io★ Play Plinko or Invest!
unfortunately few months later without realizing that, I was losing most of my income to BlackJack and when tricked me is the small profit I get. For instance, two weeks of losing my whole deposit and one week of winning only 50% of my initial deposit that felt like doing good while it wasn’t the case at all.

I think this is the reason why your wins are not your wins at all until it was on your bank account. Because unless you withdraw it, then  its still a money at risk. And you will never know if your account is in profit / loss/ or breakeven until you analyze your transaction history. Because along with all those wins and losses there's also transaction fees.

Which means that your wins should not only cover your losses but also the fees involve.
legendary
Activity: 1890
Merit: 1552
Bitcoin Casino Est. 2013
It's obvious that it's the thing that most people will talk about when you win in gambling because most of the time it's losses that you'll experience when you're gambling and if you calculate the odds, it's always against you so that's the absolute opinion in regards to that kind of thing. Now I'm not saying that you can't win without upsetting your total losses or getting more than your total losses but the problem is that the bigger the prize money is, the more that the odds are stacked against you and the more the money that you'll have to risk to be able to win that kind of money.
hero member
Activity: 1946
Merit: 591
Leading Crypto Sports Betting & Casino Platform
Most of the gamblers won't even remember if they are in overall profit and loss. Usually, when gamblers are winning, they do not calculate the winning amount but as soon as they lose, they start to calculate their losses and even try to overcome the losses. This is a strange behavior from most of the new gamblers and they lose more money when they chase losses.

If anyone gambles that he or she will never lose or he can always recover the loss, then he is gambling with the wrong mindset. No gambler in the world only wins. The best approach is to gamble with extra money and think that if that money is lost, the gambler won't regret it and also not try to gamble more to recover the losses.
But even so I'm sure they have more losses than gains. When they get a win they only see the number of numbers they get, but they don't think the number of numbers they get can cover their losses or not, but I'm sure it can't cover all the losses that have occurred. It's true what you said that when they lose there is bad behavior such as wanting to overcome the losses that occur and with that they do actions that are not supposed to be like chasing losses.
Gamblers who lose and have thoughts of recovering their losses, in my opinion, can actually experience more losses than wins, so those who have thoughts of wanting or believing they can recover the losses incurred tend not to be able to control themselves so that the end result is disappointment that will only make them continue to think they can recover losses and like that they are trapped by their own thoughts.
B2Z
newbie
Activity: 0
Merit: 0
There have been saying that before you win a game in gambling, you would have lost enough funds and that means you didn't win any new or extra money to yourself but the casino return part of your money which you have lost before to you.

Its only when we are more being focused on winning and earning through the money we see from gambling, we shouldn't for any reason think of gambling as a means of income, never should we grow with the mentality of the money we are using to gamble will one day be returned to us once we win a jackpot, this is a wrong mentality, we should be gambling for fun, forget about the money spent on it, the losses made or the potential future earnings we are having targets on, we may never realized recovering back our money, while we must have lost much more than expected except we clear our minds not to chase after loose.
If someone considers gambling as their source of income and gambles constantly, they will find that the source of income will cause more losses than gains. Gambling is a thing that sometimes depends on luck and not even on . You gamble once and win money, then you lose twice as much money after betting twice to win twice. Gambling can never bring happiness or prosperity to someone's life. Like a deadly cancer, cancer destroys people's lives and gambling destroys people's bright future little by little. So this kind of gambling is not good for anyone, one should refrain from gambling considering the family and oneself.
hero member
Activity: 2618
Merit: 613
Leading Crypto Sports Betting & Casino Platform
Every gamblers have their own say or let's say first experience with gamble, some gamblers didn't win on their first try and that's what makes them to gamble more so they can take back their loses. But there are some gamblers that win high amount of money and that's what also makes them to gambe more because they have experienced something that's somehow easy to them. But along the line they have gambled they will know that gamble is not a place to either chase loses or make money. However different gamblers with different perspectives, as some have known gamble to be a thing of fun and entertainments, there are also more gamblers who thinks it's a game of making more money and those sets of gamblers are the ones that chase their loses.

Most of the gamblers won't even remember if they are in overall profit and loss. Usually, when gamblers are winning, they do not calculate the winning amount but as soon as they lose, they start to calculate their losses and even try to overcome the losses. This is a strange behavior from most of the new gamblers and they lose more money when they chase losses.

If anyone gambles that he or she will never lose or he can always recover the loss, then he is gambling with the wrong mindset. No gambler in the world only wins. The best approach is to gamble with extra money and think that if that money is lost, the gambler won't regret it and also not try to gamble more to recover the losses.
hero member
Activity: 616
Merit: 713
Don't joke with my Daughter
And there are many like him out there that we don't know, it's true that the majority of gamblers are in the red zone when we look at their win and loss ratio, this simply means that, they are losing way more than they are winning, but then, we can't Because of this deny or refuse to believe that there are actually people out there who are beating the house by a great margin.
Most times it all depends just as you already said there are people who had made life changing winning and refused to go back to gambling instead they uses that money to settle themselves financially, I mean to have other business that would be giving them a regular income instead of going back to gambling again they used that amount to established themselves by opening business here and there and today they have never step back their feet to gambling house or even visit any casino for place bet or gamble anymore.

Now to op, have those people giving back the casino their money?

No, because there are people who are not addictive gambler who so much believe to make a particular winning from gambling site before they could stop gambling, naturally as we are today there are people who is only looking for single opportunity to betterment their lives and leave whatever naughty lives they were living before.
hero member
Activity: 812
Merit: 560
There have been saying that before you win a game in gambling, you would have lost enough funds and that means you didn't win any new or extra money to yourself but the casino return part of your money which you have lost before to you.

Its only when we are more being focused on winning and earning through the money we see from gambling, we shouldn't for any reason think of gambling as a means of income, never should we grow with the mentality of the money we are using to gamble will one day be returned to us once we win a jackpot, this is a wrong mentality, we should be gambling for fun, forget about the money spent on it, the losses made or the potential future earnings we are having targets on, we may never realized recovering back our money, while we must have lost much more than expected except we clear our minds not to chase after loose.
hero member
Activity: 1554
Merit: 654

Since crypto casino are provably fair, nobody has ever proved they could or were cheating on their customers to make them lose more often after they pass the beginners' stage. So, that is just a hypothesis, without further evidences to prove its point. I think it's just the nature of gambling games determined by an important factor, which is house edge. On short run (that is the period of time beginners make profit) it's likely gamblers make decent profit against the house, but the more they play, less likely it's going to remain the same, because inevitably the house edge will make total difference on outcomes, as it adds a slight advantage of 1%-2% for the casino. The percentage varies accordingly to the respective casino you are playing.

I suppose that is why we have the 'beginners' luck' phenomenon!
I believe that who ever wins in their first gamble game, was lucky at that moment, and was able to gamble on the right time of his luck. There is nothing attached to it. We know that gambling is more of luck than anything.

When I started gambling, my first game was in a traditional casino, and it was a  game I love most and can play very well, so winning was cool and fun to me. Later on, I started losing and that was when I understood that it was not because I am very skilled in the game but I only need luck to win.

There are some people who think or say that a beginner in gambling will usually always be greeted by victory in the first session they do, but honestly I'm not sure about that, because after all gambling is still gambling, casinos never make anything (except luck) as a guarantee that someone including beginners will succeed in winning in their initial gambling session, In the end, it remains as you said that the victory that was achieved by beginners at the beginning of their gambling session was actually nothing more than a very lucky situation, or meaning that luck came at the right time and I am sure that there are some other beginners who have lost in their initial gambling session.

On the other hand what we must understand as gamblers especially beginners is that we must really understand that you will only be able to win when you are lucky, as you experienced in your gambling experience where you managed to win at the beginning of the involvement in gambling, I'm sure it was a pleasant situation but in the end you found out that the next session ended in defeat, which means that the casino does not make anything as a guarantee that you will win at the end of the session, it is still only luck that can ensure, while the name of luck is always unpredictable and this is the reason why all gamblers are always advised to gamble in moderation and put a budget that they can afford.
sr. member
Activity: 294
Merit: 267
Baba God Noni
But from my experience (having that Beginners luck) i have first have winnings mate , I remember having taste the biggest win in my entire gambling career before tasting complete losses eventually.
but sadly that amount that I come to win in the beginning turns I lose all and extending my losses to more than 50x of that amount up to now.

So I learn that gambling isn't really a place where to take money, instead this is the place where we are buying Happiness and Fun and not continues wins.
I believe there is a theory that's also attached to this particular experience of yours which is the theory about the casino actually being the one's setting trap for the gamblers with that first massive win although it's hair a theory but almost everyone I know that won big on theor first trial always have this same story to tell about actually loosing all out to the casino in amount that's way above the actual amount they started with.
Since crypto casino are provably fair, nobody has ever proved they could or were cheating on their customers to make them lose more often after they pass the beginners' stage. So, that is just a hypothesis, without further evidences to prove its point. I think it's just the nature of gambling games determined by an important factor, which is house edge. On short run (that is the period of time beginners make profit) it's likely gamblers make decent profit against the house, but the more they play, less likely it's going to remain the same, because inevitably the house edge will make total difference on outcomes, as it adds a slight advantage of 1%-2% for the casino. The percentage varies accordingly to the respective casino you are playing.

I suppose that is why we have the 'beginners' luck' phenomenon!
I believe that who ever wins in their first gamble game, was lucky at that moment, and was able to gamble on the right time of his luck. There is nothing attached to it. We know that gambling is more of luck than anything.

When I started gambling, my first game was in a traditional casino, and it was a  game I love most and can play very well, so winning was cool and fun to me. Later on, I started losing and that was when I understood that it was not because I am very skilled in the game but I only need luck to win.
legendary
Activity: 2226
Merit: 1049
Leading Crypto Sports Betting & Casino Platform
There have been saying that before you win a game in gambling, you would have lost enough funds and that means you didn't win any new or extra money to yourself but the casino return part of your money which you have lost before to you.

And some will still say that what about those who have not playing gamble before and they won in their first day in gambling. Well those people were lucky to win but they will still dash the casino company that win again because the first time win is always to lure them to the system and making them to perpetual gamblers.

And I don't think someone in the gambling industry as a win win gambling history, or your wins are bigger than the loss. And all the experiences I have in the gambling industry, I have not seen anyone win win and also those of my friends who are gamblers have not in any day have a win win gambling and there is no loss record in their gambling history. And all the ones I have seen and known, the loses are more than the wins. And when I carefully look at the argument I also accept the assertion that what you win was part of your loss. Is that true? Make your input.
Might be true for me and you, but not exactly true for everyone in general, I have a guy here in my area who is a full time gambler, and what I mean by full time gambler is that, he has no other source of income aside from gambling and doing sports betting, many a times, many of us have adviced him to consider starting a business and putting someone to make sells for him if he can't stay there to manage the business, he completely refused stating that he was already making more than enough from gambling and will continue with it, I personally can attest to the fact that the dude is actually in the green zone if we try to look at his winning and losing ratio, he is just one dude whom I've seen that is super lucky with gambling games, most especially with slot games.

And there are many like him out there that we don't know, it's true that the majority of gamblers are in the red zone when we look at their win and loss ratio, this simply means that, they are losing way more than they are winning, but then, we can't Because of this deny or refuse to believe that there are actually people out there who are beating the house by a great margin.
legendary
Activity: 1904
Merit: 1096
Leading Crypto Sports Betting & Casino Platform
But from my experience (having that Beginners luck) i have first have winnings mate , I remember having taste the biggest win in my entire gambling career before tasting complete losses eventually.
but sadly that amount that I come to win in the beginning turns I lose all and extending my losses to more than 50x of that amount up to now.

So I learn that gambling isn't really a place where to take money, instead this is the place where we are buying Happiness and Fun and not continues wins.
I believe there is a theory that's also attached to this particular experience of yours which is the theory about the casino actually being the one's setting trap for the gamblers with that first massive win although it's hair a theory but almost everyone I know that won big on theor first trial always have this same story to tell about actually loosing all out to the casino in amount that's way above the actual amount they started with.
Every gamblers have their own say or let's say first experience with gamble, some gamblers didn't win on their first try and that's what makes them to gamble more so they can take back their loses. But there are some gamblers that win high amount of money and that's what also makes them to gambe more because they have experienced something that's somehow easy to them. But along the line they have gambled they will know that gamble is not a place to either chase loses or make money. However different gamblers with different perspectives, as some have known gamble to be a thing of fun and entertainments, there are also more gamblers who thinks it's a game of making more money and those sets of gamblers are the ones that chase their loses.
There are some new gamblers who want to win at the beginning and keep betting because of that excitement. There are also some gamblers who place bets to recover their losses after a loss. But apart from these two categories of people there are some gamblers who place bets to win more. Their aim is to make big money from gambling. But when they lose money instead of making money, they become addicted to it. Gambling win or lose if a gambler does not consider it a source of income then gambling is not a problem. A gambler can be worthwhile if gambling is enjoyed and not as a source of income.
Some gamble as a hobby, while others do so as a desperate move when money is tight. However, your approach alters everything. Winners, serious players, know it's about defeating the odds, not the house but about self-control

Consider that pursuing a paycheck is losing. More likely to spiral. It reaches deep inside our brains. However, staying in the game psychologically and financially is a different story. Enjoy the ride. Don't expect to survive off Monopoly. The same idea applies. Responsible gambling is smart, not dull. Play for thrills and fun, but know what's at stake
hero member
Activity: 882
Merit: 540
From my own experience and people’s stories shared I believe that most of us as gamblers lost more money than what we ever won, either in the long run or short term losing big then deciding to go on moderate gambling. For me, my first days in gambling were lucky enough to win a bit and thought I am luck, or never going to be an addict, unfortunately few months later without realizing that, I was losing most of my income to BlackJack and when tricked me is the small profit I get. For instance, two weeks of losing my whole deposit and one week of winning only 50% of my initial deposit that felt like doing good while it wasn’t the case at all.

Basically, if you are playing games that are purely based in luck and that the casino create themselves with algorithms for you to not win in long term, there’s noway you will ever make any profit in long term. However, some people are skilled in sport betting or Poker they have better chance to make some profits and win in long term but not as much as others lose, which means the casinos will always keep winning and taking money from gamblers and everyone knows that.

It doesn't matter which game you choose for gambling, the odds of house winning your money is always greater then odds of gambler winning the house money. As a gambler the sooner you understand this fact better it is for you.
There are temptive games in gambling that do not require any mind workout (rolling a dice) and gamblers prefer that games to get rich quickly but they end up losing there money since these games are for the benefit of house. There are games that require mind work out (poker) and gambler have more chances of winning if he fully utilises his mind.
hero member
Activity: 1526
Merit: 506
Leading Crypto Sports Betting & Casino Platform
But from my experience (having that Beginners luck) i have first have winnings mate , I remember having taste the biggest win in my entire gambling career before tasting complete losses eventually.
but sadly that amount that I come to win in the beginning turns I lose all and extending my losses to more than 50x of that amount up to now.

So I learn that gambling isn't really a place where to take money, instead this is the place where we are buying Happiness and Fun and not continues wins.
I believe there is a theory that's also attached to this particular experience of yours which is the theory about the casino actually being the one's setting trap for the gamblers with that first massive win although it's hair a theory but almost everyone I know that won big on theor first trial always have this same story to tell about actually loosing all out to the casino in amount that's way above the actual amount they started with.
Every gamblers have their own say or let's say first experience with gamble, some gamblers didn't win on their first try and that's what makes them to gamble more so they can take back their loses. But there are some gamblers that win high amount of money and that's what also makes them to gambe more because they have experienced something that's somehow easy to them. But along the line they have gambled they will know that gamble is not a place to either chase loses or make money. However different gamblers with different perspectives, as some have known gamble to be a thing of fun and entertainments, there are also more gamblers who thinks it's a game of making more money and those sets of gamblers are the ones that chase their loses.
There are some new gamblers who want to win at the beginning and keep betting because of that excitement. There are also some gamblers who place bets to recover their losses after a loss. But apart from these two categories of people there are some gamblers who place bets to win more. Their aim is to make big money from gambling. But when they lose money instead of making money, they become addicted to it. Gambling win or lose if a gambler does not consider it a source of income then gambling is not a problem. A gambler can be worthwhile if gambling is enjoyed and not as a source of income.
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