Topic: Gambling Wins: Your Money Was Returned to You. - page 6. (Read 1545 times)

The cycle for most of us. However, we might not be able to notice that because we are not keeping a record of our wins and losses. If we do, we will see that overall, we are in a net loss. Maybe that's just how gamblers think. We are too optimistic to win but quite unrealistic with our approach. We think we are winners in gambling, but that's just because we are failing to acknowledge our losses and boosting only our winnings.

Unconsciously, our lost money is also there, the cycle goes round. So actually we gamble to win how much we have lost. It is natural for gamblers to look for ways to avenge their losses at the gambling table.
The percentage of people winning at casinos is definitely just under 30%, which is why they have never lost and can still pay out every player's winnings to this day.
The more gamblers lose, the higher the gambling company's income rate. Moreover, every day there will be new members joining there because of the massive branding on social media.

If you look at the concept of gambling for many people, you are always right but there are some players in gambling that are naturally blessed with winning. They once had nothing but today, they have more than 2-3 multimillionaire businesses running and they haven't stop gambling and that's because they win more than they lose in gambling, they win so much amount of money than anyone could imagine and they win bigger millions many times in a year, I consider these group of gamblers to be the lucky ones.

If the money we are winning from gambling is the company money, many of them will cease to exist but many times, these gambling platforms don't go down even if a player win a million naira. Sometimes, I view their hot wallet to see amount they have in their wallet and I just open mouth in amazement, gambling platforms are so rich to stop functioning.

Thinking "not addicted" indicates that he is already addicted. I experienced something similar 3 years ago, at that time I felt that I was not addicted to gambling, but in reality, I refused to admit that I was addicted. If someone claims "I am not addicted", I no longer really believe that statement. Even if he can manage his gambling expenses, that is his success in controlling his finances and addiction. This does not mean that the person is not addicted. Luckily, I no longer gamble to follow excessive emotions. I chose to give money to my wife, to be able to control that I don't use it to gamble, and this succeeded in reducing my gambling habit, even once a week I don't necessarily use it for gambling. Life much better with this strategy, LOL

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back to the topic, is it possible that the winning money is the money we lost before? I don't think so, if the player can control himself when he wins, then his win is a true win, not a refund given through big win/max win.

what we win is the money we lose, I don't think so, I think when I win gambling it is someone else's money who loses and vice versa, and this cycle will continue to turn, and that is the reason why casinos very rarely go bankrupt because they pay out their winnings. which is greater than their income

The outcome in gambling is largely influenced by chance, and the inherent nature of gambling ensures that the odds are stacked against the player. The people who approach gambling need to use discretionary funds that they can afford to lose. Allocating money specifically for gambling purposes helps mitigate the potential for financial hardship and ensures that essential expenses and priorities are not jeopardized.

By acknowledging that gambling is inherently unpredictable and favoring the house, individuals can make more informed decisions about their participation in gambling activities. Recognizing the realities of gambling and adopting a cautious and responsible approach are key to minimizing the potential for harm and promoting a healthier relationship with gambling.

You have to get used to following this strategy so that you don't become addicted to gambling because if you ignore it it will have a bad impact on your gambling activities, because everyone convinces themselves that "they are not addicted" but in reality they have lost a lot of money on gambling.

I think your advice above is very useful for reducing gambling activities and freeing up time for other more important activities, make sure you consider gambling only for entertainment and not a source of additional income, if you apply this in your daily life then you will never be affected gambling addiction.

Actually, it highly depends on how often the gambler visits the casino, how much it wagers and the risk they take while gambling. Though, It is save to say most of dedicated gamblers are in loss because of their hobby/habit, but in the case of gamblers who do not dedicated much time to wagering money, there is a chance for them to have a positive balance over the losses to the casino.
For instance, I have got a friend who is not a gambler, however, he was invited to a casino in the capital city, he played blackjack a bit and he ended up winning 50$ from the casino before having to go back home.
He managed to win from the casino, obviously it was not a life changing amount of money, but he indeed managed to make money out of it, had he continued playing blackjack some hours more and had he returned the next day to continue with it, he wouls be likely with a negative balance.
He knew when to stop and he was not a dedicated gambler, so he ended up winning money.

Wow, that's a nice strategy and I also want to do that because I have this thing that I don't want to monitor all my gambling activites especially the money that I've spent because I'm strictly following my spending habits and I'm sure that I'm not addicted into It, but yeah, I just wan't to try your strategy so that I can lessen my gambling time and I can have more time in other important things.

Nice strategy. I did the same thing after I lost the biggest bet I have ever placed in gambling before, I think that was less than a $100. I have a hard time moving on that time that is why I abstain for awhile until such time I just accepted the fact that I wasn't that lucky for that game. But I just came back to gambling few years back and yeah I have more control of myself than before and even spend only extra money I have so it won't hurt if I lose all of it.

This always happen with gamblers who never get satisfied, the hunger for more money is why many people are addicted to gambling, I am addicted to making money too, we all want to survive but I choose to look for money through are means.

It's not always the case that what you win is what you have lost in the past while gambling, I myself, with using some small money I have gotten lucky to win 1,500 with $30 before and since that time I still keep using few dollars, and there was times where I win $300 and also $480 and so on, using $20 - $40 dollars, I don't think that gambling is leading here.

I can gamble today and come back four days later, for me it's not a daily job, it's not an office where I must visit everyday, but of course if you are so into gambling you will surely give up more money before you get lucky, the trick is risking only what you can afford to lose and also give space and time, if something seeks your attention most of the time it should be on your job or your family, do not spend most of your time gambling.

Our losses in gambling will always be above our wins. There is no way for someone who engages in gambling will have a win over losses since they do gamble always. Gambling doesn't care if it is the first time gambling of someone or not. What it wants it's your money nothing more. That's why every gambler is to use the money they can afford to lose to be on the safe side because gambling is not what to move into with money meant for important things because if you do, consider it a gambling loss.

True, right? The gaming ecology seems bleak if winnings are just losses recovering. I've seen the highs and lows, and the scales often swing toward losses. However, first-time winners provide an intriguing counterweight. Some win on their first try, luring gamblers in. This is important: not every gambler's trip is the same. I've met unusual birds who, by luck or strategy, come out on top for a season.

However, the promise of the next big gain keeps many playing, chasing losses with hope that defies the numbers. Does every win equal losses? Probably, but exceptions exist. However, knowing the chances are not always in your favor is wisdom.

Yes that is true but it will not be equivalent to previous losses.
According to my previous experience, I calculated the amount of money I lost and the amount of winnings from gambling after I calculated the total loss for 1 month was around $200 and when I won in 1 month it was only $100 and all of this is the total amount.
In the next month I used the same budget of $200 in one month and got winnings from slot games of around $150 in my local currency.
From this note, I understand that the winnings are the result of money that has been lost previously, but sometimes if you are unlucky the amount will not be equal to the previous loss.

So, now I will not record my betting history because it will only make me regret myself enough to enjoy whatever I want to bet on, losing or winning is indeed the concept of gambling and when you win big it is a bonus.

One of the proofs is that there is absolutely no gambler who managed to turn his fortune into a rich man if they are not more than just ordinary gamblers, and the reason is like what you said here that no matter how and in whatever way you treat gambling activities, you are still just spinning on a cycle of winning or losing and the scenario is like what you said that the victory that the gamblers managed to achieve is the money from their previous losses, And sometimes the winning situation can also be said to be not a real victory, because for impulsive gamblers they will usually apply or have difficulty ignoring the greed in themselves rather than cashing in when in such a situation which ultimately makes the winnings disappear again.

That's right, all casinos as a whole are always profitable and this profit is what makes most of the casinos especially those based online able to survive until now, they calculate profits from the losses of all gamblers who play in their casino, simply put the house always has the upper hand and not a single gambler is able to beat the amount of house profits, the logic is because it is the casino that manages all the systems and algorithms in every game played by gamblers so they are the ones who have the power and who manage all your wins and losses, this is why we should not take gambling too seriously.

I like the way you throw this on board for people to comment and not be too rigid with self-belief about it. Well, my opinion can be different from others but I think it's the right way we should go about this. First, think of this, if you are rolling a dice on your own and decided to give yourself the pass mark whenever you roll between 4 and 6. Meaning that 4, 5 and 6 are your pass marks and 1, 2, and 3 are your fail marks. Can you have the pass mark all through? Certainly not. That is how gambling works. The same way you can never have the pass mark always in a fair offline dice rolling is the same way you will be making the pass and fail mark at different times. I however used the dice of your own to prove how fair that is so that you can relate it to casinos. But if you play with the true provably fair casinos, you can be sure of somewhat fair plays void of cheating. The only thing is that you will be playing against whatever is coded in the algorithm with which it works.

That is why you will see some people play many times before they win, while others may just play once and win. It only depends on the programs coded in such casinos they play, and it is mostly about luck as well. If you are lucky to play at the right time and to have chosen the right game and option, you get to win at that time. But if you are not, you will lose regardless of how many times you play it. I believe this is fair enough, it's all about the system programmed in that game. By the way, this is in the casino's branch of gambling. But this is not so the same when you play sports betting, you and the house have a 50/50 right and chance here (sports betting) since the house can't program the live matches against you. For this, the give-and-take remark in your post is so relative. Also, if you are smart enough to gain quality experience in gambling, choose the right game option and also have good management towards gambling to be better. This way, there is no way you will not have more earnings than losses, especially in sports betting.

This is true on most of the gamblers since the majority of players is in negative PnL since they preferred playing games like slots that has a high house advantage. This is the reason why casino industry is in demand because many new players keep coming and contribute to casino profit which is the design of every casino.

The only way to beat a casino is to play on games that you can have mathematical advantage such as card counting on blackjack and arbitrage betting. Remember that we should only gambling because we need some entertainment that’s why we shouldn’t count our loss so that winning sometimes can give you joy. Thinking like what you mention will just kill the fun on gambling because you will never have fun on your win if you always consider that you are just getting back what is loss from your wallet.

This is true because I'm yet to see a gambler who have been winning all the bet that he has gambled. In gambling they say you win some and you lose some so those times that you manage to have a win are part of the loses that you have recorded through your gambling experience and for the serial losers who eventually got a win may only be having very small pay back from his loses.

This goes to say that casino owners are always in profit because more gamblers lose than they win, the house as always has an edge over the gamblers, while you are winning others are losing and casino is paying winners from losers money. Therefore, if you win, you are winning just few amount from your total lose. Only a few gambler are in profit.

Our mindset will determine us in the view meant by the OP, for example if we gamble to make money we will usually think like this when we gamble we have to win the game and that win is the result of the money we have lost while gambling there, but if we Continuing to think with views like that won't do any good because as people know, casinos are a promising business so they won't feel disadvantaged by having built them, all the money circulating in them is user money.

So whoever loses the money will be given to the winner and vice versa, in the end it's still the dealer who wins against all the users. Unconsciously, the more you play, the more money you lose, the richer the dealer in the casino becomes, they don't have enough money to pay. users who win unless there are users who lose to pay for those who win, that's how those who gamble for money look at it, but if those who gamble for fun they won't think much like that what's on their mind is how they pay the casino to make they have fun with the games that have been provided. I think it depends on how our mindset changes the way we view what the OP said.

It makes sense to think this way, that the money we have lost is what we won back, but few people are so lucky that they don't place bets for too long before they win massive amount, what do you all have to say about this? Some gamblers get used to the win feeling which makes them to keep coming back for more.

As time goes on the gambling effect is already affecting them, they aren't going anywhere, just like the casino works, it would have been better if gamblers can take their leave once they get so lucky, but we all want to stay, thinking that there is more, unfortunately there is no way to escape this unless you quit gambling forever.

I will be alright, I believe this, unless I risk more than I can afford to lose, I don't think that risking few dollars in just twice in a week can do any damage to me or my family responsibility, I urge everyone to keep doing the same thing, if truly you all accept that gambling isn't truly fair like we all think, then it's better to rely on something else than to risk most money on gambling.