Topic: Gambling Wins: Your Money Was Returned to You. - page 11. (Read 1698 times)

This is I suppose a given, casinos are not going to give money away to any gambler that uses their services or they will not remain in business for long, because in order for a casino to function they need to profit from their customers, like any other business does.

However, like always there are some exceptions, professional gamblers can use their skills in some games to beat the casinos long term, now it is true they also lose some money during the short term, but once they add their profits and losses they can come up on top.

It's easy to look at it that way because most of us lose more than we win, and I think it's only true when we're referred to as a group instead of an individual because that's how it is in casino games with the term RTP.

Still, some gamblers have lucky encounters and others could somewhat take gambling seriously until their winning record becomes the proof. These winning gamblers are only composed of the smallest percentage, so don't expect to see them frequently like it's attainable for the average gambler.

If that is how you would view it then you couldn't really say that you win or lose from your previous gambling activity since you would surely continue on playing.
You could only say you won or lose until you finally decide to stop or quit for good and calculate the outcome of all your gambling activity, but I guess it would really be hard to do since it is hard to keep track of all your gambling activities from the very start you gamble.
We declare our loss or win at the end of the day since we already take the result of that day as final for it, so that the next game would be a different record for us no matter what the result would be it wouldn't affect the previous one that we had.

It’s not out of place to make the assumption that most gamblers gamble on losses. Where their cumulative gambled amount would always be far above their winnings. We can equally assume that, a very few have been able to scale this successfully. While there might be no proof to defend this rare occurrence, most persons don’t give it any conscious thought to take note of there stakes from the initial stage of gambling. That’s because, you really don’t have any idea of what adventure you’re likely going to have in this new field.
On top of all that, gambling isn’t a bad choice for most persons that have a greater control over their gambling habits. The losses are often gradual and you don’t tend to miss it when you gamble with what you can afford to loss.

From my experience, my money were return for only two reasons which are:

-When game didn't hold because of bad weather: I'm not sure for casino people if money get returned to them even they win but there is this thing sports betting platforms does, they return their your money back to your balance if the schedule game didn't hold which of course is valid any where.

-When the game was interrupted by fight or any dispute between players beyond what anyone could expect, your money will be returned to your balance which is normal, there's no way players are fount to play flawlessly with when there is commotion or when they are in under pressure.

These are the two I have experienced, any other betting platforms that do anything apart from what I have mentioned are real thief, they can't say they returned money to you because they suspect you of anything, no way they are going to return your money when you loss money to them, that's cheating.

I call BS on no lose in their history. It's either they just played a couple of games, or are straight up lying. Losing while playing/gambling is inevitable, it's not something you can have a choice of. Unless, ofc, you stop after one win but besides those kinds of instances I mean. As for wins being bigger than losses, it can happen. It's not something rare imo, it's just that the margin for most people is rather small so I guess they just assume it's equal.

As for the win loss part, it's why I always assume that anything I gamble with is money I already lost. It's just easier for me to do that since I don't have to mind all the counting that happens afterwards and I just assume that whatever I play with isn't mine in the first place already. Kind of similar to how arcades work. You buy coins from them and you basically don't own the money anymore, instead you get a token you can use to play their games.

Gamble is either you win or lose, and nothing more. I can only agree with you that majority of gamblers loss more than they win. but there are very few gamblers who have won more than they lost, and even use the gamble win, to set up a business. Discipline is what will determine how you spend your money on gambling. It is better that you use little money to gamble that would be like nothing to you, so that you will not see it as a loss, and if peradventure, you hit the jackpot, it means that you have won more than you lost. The fact remains that, it is very difficult to win big.

Before I chipping in my contribution, I would love to ask, are those who stakes just once in their life time of gambling addressed as gamblers? Or one must continuously have stakes in the gambling board before being called a gambler?

@ OP, I have seen some persons whom are lucky to win in their first time of stakes in the gambling board and never staked again. I would say there was no lost about this staker so, he definitely made winning of profit without a lost.
Hence I would ascertain this survey conduct my calculating the total bet of the gambler, tensed to figure how many times of if he had ever lost in the gambling and then compares to his winnings and that is also if he had ever won.
I can't justify this with a future tensed of the gambler to determine if he lost mores to the gambling despites his counted winnings.
Although, in my general experience, lot of gamblers who celebrates their winnings didn't actually gain profit from the gambling boards instead either their lost was tended to be recovered or some dividend of their lost was returned to them.

When a player understands ROI, he can go for years with a return in the red, but stays close to Breakeven, which allows him to recover, or have a positive return.

The thing is that if you are an occasional, novice, recreational player, those phases do not matter to you, in fact you will never understand them, but that assumes the long term as a mark to know where they is ROI.

For example, last year sports betting left me at about 8mbtc in the red, in 2023 adding royalties, bonuses, and profits I am at +18 mbtc, so I am +10 mbtc.

In traditional games, things can be tougher, in my case the maximum bet size there is $1, but on average I am around $0.5/BTC, and just this year I am at 400x with a bet of $0.2, technically I'm at +8$.

It is rare that the long-term return does "scared" me, since the size of my bets represents 100:1 the bankroll allocated for betting on traditional casino games, and I make this same relationship for several casinos where I gambler.

In poker, I can be more risky, sometimes I play $20-$30-$50 tournaments, and there I can even show you the statistics by country, from the data collected from some "millions" of players.

Poker is a little more complicated to explain to you how returns are obtained even if you have bad months, but with proper bank management and knowledge of the game it can be easier to be on the path to exceeding your ROI=0.

Largest Live Poker Database - Poker Hendon Mob
https://www.thehendonmob.com

That could very well be the definition of gambling, it's either you win or you lose. And it's true, we don't record anything, although if we play online, there could be some logs, but still we don't know how much money we lost, the only thing that gambler tell us is how much we win.

I have a who is like that, he will always boast of his wins, but there was a time when he accidentally shows us his losses in his phone not his win and for us it looks like the money was not returned to him by the casinos itself as he has string of losses early and he just recoup it with that one big win of his.

This is precisely what I was saying in my first comment. The house is profiting off the players which means you as the player ends up on the losing end more times than not.

Again, you are only emphasizing my opinion.

- Jay -

This is true in many circumstances, but there are a couple exceptions that might break the rule. First off, I definitely think there is a "honeymoon" period when you join many casino sites, where for a certain amount of time or up to a certain amount of goes on their games, you will be likely to receive more favorable win rates than you might normally get. This would build up a distorted view of the amount you are likely to win longer term from these sites and would make perfect sense as a strategy to get new gamblers, because they are a) less likely to leave with those winnings and b) more likely to build a habit with your particular site. Be on the watch for this. The other is where you are playing genuine skill based games against other players, like poker, where you are still likely to lose money at the beginning but it's very possible to earn much more back over a long timeframe.

IMHO thats something that can be true but sometimes it can be broken in different circumstances such as when you try gambling for the first time and win right away because its considered an advantage then its a different story because its done as a binder to keep you playing the game.

But on the other hand when someone is gambling realistically they must be aware of that because after all the gambling that is done will definitely have more losses than the benefit we get but on the other hand it will also not be a problem because it is a thing that we must have realized from the start because after all when talking about gambling we will not be able to win from the bookie whatever happens because we are just players who are only looking for thrills and pleasure but they are business people who will definitely benefit greatly when we do gambling.

Some of your conclusions here are incorrect. Some gamblers have recorded more wins than they have lost. Recently, there was a trend on Twitter about a boy who staked $5 and won $15000. So do you think such a gambler has lost up to $15000? I`m not sure. There are so many stories of people who won big and made establishments that they are living on to date. Not everyone who won returned it to the bookie and not everyone who won received a quota for their lose. Not minding that most gamblers are on minus but then it will be unfair to claim that no one has benefitted from gambling.

It sounds simple like there are some rules about it, but if it was like the OP says there wouldn't be so many casinos around, operating and making big bucks for years. From a player perspective, it's hard to win, it's even harder to win in the long run...

When I have a streak of losses (by this I mean losing a few deposits in a row) it's usually because I was overconfident and I was thinking like it was my turn to win... that doesn't end well in most cases, especially after I get some big win and I start to push even harder. I lose my winning and additional deposits.

It's gambling, we can expect to win and we can think it's our turn to win big, but the reality can hit as pretty strong. So we need to be aware of that and not gamble with money we can't afford to lose... because if we do that the consequences can be terrible.

Those who see every new round or every new month as a clean sheer, like they never lost anything, are delusional. You should always look at complete experience. You can say that you don't count this or that casino, but at the very least be honest about the statistics of your account. If you won a lot of money, but despite that the account is still at a loss, you are at a loss. It's very simple!


I guess you've never heard of bitcoin then, because bitcoin is the "right" coin.
It's really funny how we can be in a bull market, up 100% in a few months and people come to bitcointalk to share their sob stories of how they can't find the right coin to invest or how they lost money buying coins... In most cases they did not lose anything by buying, they lost it by selling at low price.

But let's be real, even playing it cool with gambling ain't risk-free. The house always has an edge, so thinking every game's a sure win can be tricky. Remember, that "just one more spin" whisper can turn into a budget-busting roar fast. ️

The key is playing within your limits. Think of it like having a designated "fun fund" – spend it if you want, but don't touch the rest. And while infrequent wins are awesome, don't let them fool you into thinking gambling's a get-rich-quick scheme. It ain't.

That's absolutely a false narrative,  check the amount of money that you normally lose when the predictions doesn't go your way, the amount is not always huge. That is to say, most times you're stake's are little compared to the bonus and the amount of odds the bet company gives you, if you combine your bonuses and the odd together your total win is always big, so at the end of the day the bet companion stands a the chances of losing more money if your prediction are correct.
So whatever you lose is nothing to be compared to what the bet company stands to lose when you win big. Don't also forget that there are some gamblers that win, day in day out on a steady. So your win is not part of your losses because they give more bonuses and high odds for you to win better than the little amount you always stake to win.

I lost more money on crypto than I made. I considered it a lottery, maybe i hit the right coin sometime, but most likely I will end in the red.

it sounds so simple like you are just depositing some coins and getting them back when you win. idk

we're already used to seeing casinos winning all the time as the odds always be with the house. not any of them wants to lose actually so it doesn't make sense. if you mean you got lucky and won a few of your money back then yes sure but they are not returned as you won then back in fact if you lose again, they are getting more from you.