Gambling Wins: Your Money Was Returned to You. - page 6.

rachael9385

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Quote from: Cookdata on February 27, 2024, 04:22:28 PM

Quote from: the rise on February 26, 2024, 01:15:55 PM

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

Before a casino would be approved and licensed, there is this body that make sure that the company is insure before they commence operation, it's one of the safety guide to protect players and if that money is not available, they don't licnence the casino. However, I'm not sure if most of these casino do something like that before they commence operation but even at that, there must be money set aside huge enough to pay people that may luckily win big amount but on the long run, if there is more customers they should have increased in gross revenue.

When you lose, the money goes to the gambling and the casino becomes the real ownership of the gambling and when you lose, you didn't win money of others, it's the money of the casino, they are the one paying you from there money and not from the previous people that has lost due to change in ownership of the money.

It's not easy to build your own casino, you must have enough money on your account and your casino companies must be licensed by the government before you can progress with your own casino. If you want to come up with a local casino you must pay for it, your payment is a method of legalizing your company to the society, and as a new casino you must advertise it on social media platforms, TV's newspaper so people will know the assistant of your company.

Sandra_hakeem

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Quote from: Agbe on February 19, 2024, 12:17:29 PM

Well those people newly converts to the gambling system 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 adoration to gamble.

I had a really tough time deciphering your post althrough... But what I'm about to say is basically about the emboldened word; what do you mean by the first winnings is made to lure the newly converted gamblers whatsoever..? The casinos don't even program any games, talk more of the winnings.. secondly, nobody knows you in particular (although you may decide to disbelieve this information based off of the fact that your KYCs can represent)...

All what I'm giving more clarity is that casinos don't choose people to win games just to lure anybody regardless.

Sandra 🧑‍🦰

Odohu

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Quote from: Agbe on February 19, 2024, 12:17:29 PM

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 newly converts to the gambling system 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 adoration to gamble. And I don't think someone in the gambling industry has as a win win gambling history. Or you wins are bigger than the loss. And all the experiences I have in gambling I have not seen that and also those of my friends who are gamblers have not to me that they only win 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.

Your tune suggests that gambling is a closed case where gamblers are doom to fail. I try not to read your submission in this direction but the more I try, the more it become impossible not to. I do not completely agree with that conclusion even though I see some sense in sense in it. There have been evidence of people who have their lives completely transformed through gambling; they won amount they could never made in their lifetime. Maybe you may be suggesting that it was the money their great grandfathers lost that are being returned to them, this way it will become more convincing. What I do believe to be true is that it is possible to win gambling and make a decent living from it, people are doing it and it is doable.

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Quote from: Oshosondy on February 19, 2024, 12:21:48 PM

When I was addicted, I lost money than I won. It was even a huge loss.

Later I do not gamble often. I can count the number of times I am gambling annually and not many at all. I only go for the games that I know I will most likely win. Because of this infrequently gambling, I make profit than loss.

But if you gamble frequently or not, just use the money that you can afford to lose to gamble and do not go more than your gambling budget which should be a small amount of money that you can afford to lose.

Thank heavens you are no more an addict and congratulations on being able to escape the shitty life of an addict.
Of course addict are usually seen as gambling addicts or people who are stupid and irresponsible because of the fact that they lose more often than they win during gambling activities. Many a time gambling addicts tend to continue staking irresponsibly even when they make consecutive losses hoping that they will luckily hit a jackpot and get back all their losses in 10 folds.
As a responsible gambler you should have a personal boundary on the amount and frequency of your stakes to avoid staking more than you can afford to lose. Being able to manage how much and often you stake is an important factor to becoming a responsible gambler.

Cookdata

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Quote from: the rise on February 26, 2024, 01:15:55 PM

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

Before a casino would be approved and licensed, there is this body that make sure that the company is insure before they commence operation, it's one of the safety guide to protect players and if that money is not available, they don't licnence the casino. However, I'm not sure if most of these casino do something like that before they commence operation but even at that, there must be money set aside huge enough to pay people that may luckily win big amount but on the long run, if there is more customers they should have increased in gross revenue.

When you lose, the money goes to the gambling and the casino becomes the real ownership of the gambling and when you lose, you didn't win money of others, it's the money of the casino, they are the one paying you from there money and not from the previous people that has lost due to change in ownership of the money.

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Quote from: the rise on February 26, 2024, 01:15:55 PM

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

I am more of the opinion that gambling should be based on the fact that you know that you are against the house and most importantly, the house must win and keep winning at most so for that it is better to know when you get to your limit and need to know that casino will always have a way of collecting their money back if you don't take a break from gambling after you hit the winning.

neverthelessess, gamblers still have thoshowboatve the luck to win and then walk away from gambling with all their bounty winning by giving back to the casino in the form of losing again.

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Quote from: Oasisman on February 20, 2024, 11:38:00 PM

Quote from: Agbe on February 19, 2024, 12:17:29 PM

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.

I think that part of money you lost before that the casino has returned to you is like a promotion from them and I don't think every online casino has this kind of promotion. Some promo with new accounts are additional roll or additional certain percentage from the first deposit you make in the platform. I'm not quite sure if there casinos who can do both, If a casino return part of your losses, there might a certain consideration before someone can be illegible to receive one and I think that promotion is only available for those people who reach certain amount of total bets since the creation of the account. I think some casinos do this every year as a birthday gift, but then again it is only available for those who make huge bets.

I think you talking about a rebate or rakeback there but this is not what he mean, though you are right that not all casino has that but they might still have their own charm in order for them to attract players. The other promo you are talking about are both possible in some casinos and in fact it doesn't end there, but before we say they are generous, we should read their terms and conditions first and we will find out by there that they are not easy to fulfil.

A massive luck is still needed there but it's a great treat once you have it. For some casino we need to reach their lowest level of VIP before we can get eligible for the rakeback and usually this amount is $10k. Indeed it's huge. Some casinos has separate birthday bonuses but again you might also need a good VIP level to avail this, which a bit suck if you are only a small player.

nullama

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Quote from: Agbe on February 19, 2024, 12:17:29 PM

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 newly converts to the gambling system 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 adoration to gamble. And I don't think someone in the gambling industry has as a win win gambling history. Or you wins are bigger than the loss. And all the experiences I have in gambling I have not seen that and also those of my friends who are gamblers have not to me that they only win 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.

The vast majority of gamblers will lose more money than what they put in. That's just math and how it works.

At the same time, there will be a handful of people that by mere luck won more than what they put in. This is extremely rare, but happens.

One example of this is an Australian man called David Walsh. You can read about him online. Even in his own book he calls himself lucky.

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Quote from: kojektea on February 26, 2024, 06:12:32 PM

Why do you count your losses in gambling? if you are not ready to lose, it's best not to gamble, expecting too much victory in gambling is not recommended because you only play to win and in gambling it is impossible if you keep winning, between winning and losing what you are talking about in my opinion is the mind which is wrong, if it goes like that then gambling will not be fair, just imagine you are playing cards with your friends, is it like that?

It is true that we will not be able to get it if we hope too much to win in gambling and I agree with what you said, if we are not ready to lose in gambling then it would be better for us not to gamble, because it is very difficult to win in gambling because if we expect too much from winning at gambling, so we will gamble by forcing ourselves so that we cannot do the type of gambling that we play correctly and if we win at the gambling that we play, of course it is luck that we have got and we have played the game.

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Quote from: irhact on February 21, 2024, 09:19:50 AM

Quote from: Saisher on February 20, 2024, 05:57:36 PM

When it comes to winning and losing percentages coming from a gambler's stat the casino gets the bigger share of the gambler's bankroll, casinos are a profit-driven platform and they have a so-called legal system called house edge to beat the gambler legally, so if you win a huge amount check your stats and you will be disappointed to find out that you did not even regain what you put in in the casino, but if you enjoy playing, then you can say that at least you enjoy the game.
That's the best consolation you can get from casinos is you enjoy playing on it.

This is the reason why gambling shouldn't be for profits reasons but for entertainment reasons. When you're gambling for fun to entertain yourself you won't be bothered if you're losing money but when you're gambling for the purpose of making money you'll always be at lose due to the casino have an edge over you. You can't win the house, it's in a very rare situation that you can have an edge and this is when you are a very lucky gambler or you're betting through a game you're familiar with.

Don't expect to be at a net profits therefore be enjoying yourself as you're gambling and when you win don't think about your losses as losing is a part of gambling as every individual that's gambling regardless of how good you think you're, you'll always lose something. Gambling is an activity that comes with alot of losses and no guarantee of you learning from the losses as you can still lose when you bet.

Yes, you are right, gambling with the aim of having fun and as entertainment for ourselves, we will not experience problems even though we have lost money because we enjoy it with pleasure. Indeed, if we examine further how big our losses and our winnings are, we will be faced with The painful fact is that we experience more losses, but if our goal is just to have fun, we won't worry about these losses because these losses are part of the game and as game fans we must be able to accept the fact that we will never be able to beat the house.

There is no net profit in gambling because in fact the profit we get is mostly our own money that we have previously lost and that is only a small part. Don't be too proud even though sometimes you can win because after all the victory is only temporary after that you will only experience losses. Therefore, as a responsible gambler, you should not rely too much on gambling profits you must also understand that gambling is a game full of risks.

kojektea

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Why do you count your losses in gambling? if you are not ready to lose, it's best not to gamble, expecting too much victory in gambling is not recommended because you only play to win and in gambling it is impossible if you keep winning, between winning and losing what you are talking about in my opinion is the mind which is wrong, if it goes like that then gambling will not be fair, just imagine you are playing cards with your friends, is it like that?

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Quote from: the rise on February 26, 2024, 01:15:55 PM

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

When we win, others loses and when we lose, other wins, is as simple as that. A winning boosts the confidence of these gamblers but when losses are recorded, a gambler no longer remained the same because he feels remorseful for his actions in gambling space. Gambling is not for the weak, it takes only a strong person to survive the space. It's built with volatility and we expects the worst to happen. Explaining the whole space becomes complicated specifically to newbies in the space, they're new and have no solid knowledge of the system.

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Quote from: the rise on February 26, 2024, 01:15:55 PM

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 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.

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Quote from: the rise on February 26, 2024, 01:15:55 PM

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

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.

Antotena

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Quote from: Agbe on February 19, 2024, 12:17:29 PM

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 newly converts to the gambling system 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 adoration to gamble. And I don't think someone in the gambling industry has as a win win gambling history. Or you wins are bigger than the loss. And all the experiences I have in gambling I have not seen that and also those of my friends who are gamblers have not to me that they only win 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.

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.

masulum

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hmph..

Quote from: erep on February 26, 2024, 11:56:51 AM

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.-snip-

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

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.

the rise

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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

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Quote from: Marykeller on February 26, 2024, 09:06:47 AM

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.

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.

erep

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Quote from: angrybirdy on February 26, 2024, 09:50:48 AM

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.

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.

Hispo

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Quote from: Marykeller on February 26, 2024, 09:06:47 AM

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.

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.

Topic: Gambling Wins: Your Money Was Returned to You. - page 6. (Read 1713 times)