Topic: Gambling Wins: Your Money Was Returned to You. - page 7. (Read 1545 times)

That's right because every time we lose, we will have an intention to recover the losses and that can easily triggered us to deposit some money to continue playing gambling. If we don't have a good self-control, we will not be able to hold ourselves forgetting the losses instead we will continue playing gambling. And if somehow we can win, we should realize that the win money is our lost money that is back to us but the amount seems less that the total lost that we get. We must know that winning the gambling games is difficult and the more we playing gambling, the more chance we will loss much money and that will makes us curious about our losses and there will be an intention to get the lost money.

I have always thought that some basic notion of probabilities and other similar topics should be taught in schools early enough so people can at least understand those kind of concepts, as even if they never became gamblers it will help them understand other instances in which those concepts may come into play and help them take an informed decision.

Because even if anything can happen on the short term, a person that gambles long enough should have their results to approximate very closely the expected results out of the bets they like to make.

Experts said that's a fact because every time you lose, sometimes it's more than the days you win, and at the end of the day, it's just your own money you get unless you won at the beginning and that's not the case as we all know because once you win or lose, you will end up getting back there after every job you had all day. That's exactly what they want you to do and they are willing to give you some wins just to make you addicted and want to return back to play. That's exactly what online games use and they use gotcha and other methods just to hook up rich players and they only realize that they are only wasting money after they have lost a huge amount of it from playing gotchas.

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.

Which is the truth. You are indeed lucky that it happened to you at an earlier time.

Even if I include my profits in sports betting, it won't be enough to cover all my losses in casino games. I always end up on a losing streak there after an early win because I always thought it would continue but sadly it doesn't. I cannot even remember anymore the last time that I made a withdrawal from the profits that I made in gambling for either slots or casinos. It was a long time ago, maybe months.
The winners in gambling are very low in numbers and we call it "luck". I say they give it to the new buds so that they will start gambling and stay forever.
Make them win so they will stay and when they get old they will also experience the same thing as us. Even since I reached the VIP rank, I've rarely seen myself winning x1000 or x500. It's getting more difficult and if that happens, it will be taken back as fast as possible by a losing streak.

No, I wouldn't say "YES" to that, what I mean is that there is absolutely no such thing as a balance in terms of winning and losing in gambling, it is very difficult to achieve such results and if you don't believe me you can do the calculations over a period of time such as a month or three months and count all the money lost and won and I am sure that the result is that the amount you lose is most likely much greater than the winnings because as we know that after all the house is the real winner.

This is why never put the goal of earning along with putting hope in gambling because obviously what will happen is that you will lose a larger amount, we must understand that gambling is a profitable business for casinos and therefore as we know that most gambling activities end up losing more than winning, that's because the purpose of the bookie to build a casino is to make a profit and we can see how the fate of gambling addicts or gamblers who always overdo it, they almost run out of all the assets they have and experience many problems such as debt. Therefore, it is always recommended to treat gambling activities reasonably by limiting your time and budget without putting expectations or goals of earning except for entertainment only, and I remind you that even if you manage to become a responsible gambler it does not mean that you can achieve a balance in terms of the number of wins and losses, because still the problem of winning will not always be known.

The process of losing funds over and over is where many people lose themselves, they get tired along the way, it could be a long process before you win some money and even if you win, the amount might not be up to how much you have risked on gambling, this is why you need to always risk very little amount of your money on gambling.

There is no how you won't lose money, but lasting longer is the main process to winning, if the money is very far affordable for you, then you can continue to try again and again for a long period of time before you finally hit your win, but if you have risk too high amount of money, you will hate yourself if the expected result isn't happening in a short period of time.

For some people it's easy to say that they only get what they used to gamble back, and some are so unlucky that they will never make what they have risk in gambling back again, but the safety part is staying withing your capacity, don't risk more than you can afford to lose.

Yes there is logic in your words. not only in gambling but also in trading, business and in all cases one can not only benefit but also have to lose. So you should invest the amount of effort or investment that you can afford to lose in things that are risky.  Then you will see that your life is very easy and you will not face danger in life. Gambling gives us a lot of fun but it also makes us addicted to it which has a lot of effect on our financial condition.  So always gamble the amount that allows you to keep control over yourself

This mindset is what most of these gamblers do not have and that's why they would want to embark on a recovery Mission when ever the loose a single game because they feel it's a money making platform so if they loose money, the next move will be to make back such money meanwhile they forget they were supposed to seek entertainment on the platform and then let go of every other activities in the platform but because the little rewards they get do the entertainment is now been seen as something they could use as an opportunity to make money, they keep going beyond their limit to make things even difficult for their selves.

If only they have the mindset of just having fun and probably getting entertainment, they may just leave their losses as the price they paid to get fun and probably move on because if they get back to chase that loss they probably lose even more.

Can we say that we have a balance between winning and losing a game? I'm not used to check or track my gambling activities, so I'm not sure if I win a lot or not. As you said, this is not an issue to a gambler because everyone is accustomed to when it comes to gambling that we don't get just winning, there is always that defeat. to be honest, I can't focus on my game if I'm constantly watching every move that I've done. As long as I manage my finances and betting strategy, I have no problem whether I win or lose. I just need to stick to the budget I have allocated for gambling so that I don't run out of money.

Actually it's true because many have lost enough money and haven't win even little that we will say they are winning and others that's new win in their first season they know about bet. IMO it's not winning because the casino will always take the money back from them with just a little time, when you win below 10 million naira you shouldn't be much happy because you will eventually gamble with it another time and when you don't use your winning wisely you will still give all the winnings to the casino, that means you haven't won any bet but you just used the littlest opportunity to bring yourselves more to betting.
If you by any chance win on your first day at gamble and you didn't use the money to acquire important thing (more like physical properties) you will definitely give it back to the betting company.

I do not believe this statement and there is no data to substantiate it. How will this even be possible when many gamblers that I know including myself was drawn into gambling because of winning my very first bet? Yes, my first ever gamble was a X150 win and that was how I started gambling till date.

Are you therefore suggesting that there is no way to win the casinos? Assuming you could point us to any data to validate these claims, then it would have made more sense rather than this emotional statements that depicts gambling as a way of throwing money away. As much as I know, people do win casinos, without which there will not be any business. The fast growth experience across the various casinos is linked to a balance of business between casino owners and the users even though the system is arguably designed to favor the casinos more.

This is not true and can never be true. I know a lot of people that became wealthy by winning jackpot in the amount that supersede what they could possibly deposit into casinos.

It's like a cycle in gambling winning might just be getting back your losses. This is a common belief that's in gambling wins often compensate from previous losses, that's is how casino and others intend to make their profits because the amount of loss on daily basis is higher than winning percentage on daily basis. There are only few individual who their winning percentage is higher than their loss this might have stemed up by large wins or frequent wins, and this is the actual target of a gambler to loose but win big when the chances arises.The reason the lost is not felt it is because sticking to a low budget help manage losses and gambling with money you can afford to loose. The target is just to win big or win frequently but in doing so there person who might not win, some might win little, some might win huge.

looking at the argument from a logical point of view, casino owner establish their site just because they want to make a profit and how else can they make this profit if not from the losses of people? It might be from your loss or that of others but at the end of the day the money gamblers use in the process of gambling is what they end up winning at the end of the day.

People sometimes become lucky to experience some wins during their first moment of gambling which encourages them to continue gambling in the long run but at the end of the day, they will still lose their money which will be used to pay for the wins of others.

Imagine their is more win than losses in a casino gambling? Would the company still remain financially strong enough to continue in running the site? It's literally a gambling adventure that's happening between the owners of the gambling site and the person involved in the process of gambling.  If you win or not, someone always gains at the end of the day. So it's a win win situation for the both parties where each parties win depict the loss of others.

It's not impossible to win a shitload on any game. I was up 177 btc at 1 point on bustadice. Started with .05btc and got some super big wins. Overall I'm up lifetime in gambling, but I guarantee less than 10% of gamblers are.

Gambling requires luck, so some profit and some lose. Btw I often visit bustabit.com and check their leaderboard. It's insane how much some people have profited. There is a guy called KLITZ that is in the profit of 468 Bitcoins. He was gambling in 2018, when the price was around 5-10K but it's still amazing profit, he became a multi-millionaire. There is also a guy who is in loss of 1,278 Bitcoins but I can't check his activity.
I remember in 2016 when I was gambling on bustabit too there were many guys who were gambling 24/7 with small satoshis but a high multiplier. Probably some strategies work long-term on bustabit and crash games but in overall, it's not a good idea to keep doing it long-term if you want to keep the profit.

Most likely overall most gamblers are negative in profit. There are a few that are in profit, but if they keep gambling they will probably end up in the negative. Regardless of whether you are in profit overall or not, you should enjoy the wins when you get them, they're not going to happen everytime.

If people really understood concepts like House Edge or EV they wouldn't ask these questions. It all comes down to being clear about the difference between long term and short term. In the short term, what can happen to you in an individual session is that you can win money (as well as lose it), but with enough long term, with a large enough number of plays the probability of you winning money (taking into account the total money wagered versus the total money won in all sessions) is getting closer and closer to 0.

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 seem to agree with you because of the facts that I have seen so far in the world of gambling, they will continue to experience losses. Even though they won, it was their own money, which was previously the money they had lost due to losses and that may only be part of it and not all of it, if they win again it is still their own money, so there is Some people who haven't experienced a profit if they are able to realize it sooner. Especially if they calculate the total of every bet they play, of course they can see for themselves how much they have experienced losses compared to their wins which they have always been proud of when they win.

And there are also beginner gamblers who get their first win even though they haven't spent much money gambling and this can be said to be luck, but there are also some casinos that are specifically designed to give wins to beginners, there are also those that provide bonuses and that aim to attract interest beginner gamblers should continues to gamble on the site, so the casino is very happy if beginners are attracted by the promotions they run.