Topic: Gambling Wins: Your Money Was Returned to You. - page 3. (Read 1713 times)

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.

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'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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

Yeah, one of the first things I like to do when I'm dealing with a new system in general is to test the whole pipeline.

That is, checking that I can put money in, and withdraw money. Check how long it takes, any fees, minimums, etc.

I do this in the beginning before investing too much time because I want to know that I can take my money out at some point.

There is nothing better than when you know the casino and Start winning and being able to withdraw without problems, I was that lucky, but I was just lucky that once I started winning a lot of money on freebitco.in, I managed to withdraw and buy some things, so I Wanted I played masses using the same logic and I lost 1mBTC which was what was requested at that time, then from there I added another 1mBTC, but that was when I started playing other things, and then I realized that the game and its games were to be careful and make very good plays so that we can do things well , Otherwise things can go very wrong, I have Always played, but since then I have had a big loss because things have changed in the way I play, in how I see the game. money and how I can face the casino and its games, as one matures and sees the casino in a different way, one must play in a Safer way.

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!

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.

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.

Some people become addicted to gambling just because of their first win, even when they start losing, they will always have hope that they will win back all the amount they have lost, so they will never give up since they have won before, some will end up increasing the amount they are using to gamble. but gambling doesn’t work like that, if you are losing continuously, then it’s just better you stop gambling for that moment, try to discover why you are losing, and what can be don to reduce your loss.

Most gamblers don’t really know when to stop gambling, that’s why they do end losing massively, gambling is not what you should continue doing even when you are losing, if you are gambling and losing, just take a break for that moment, and come back another day, don’t be too desperate to win. If gamblers are losing, then it’s favoring the casino owners, so if you are addicted to gambling and you are losing unnecessarily, then the casino owners are the ones benefiting.