Topic: Gambling Wins: Your Money Was Returned to You. - page 8. (Read 1698 times)

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.

Well some people think that when you win in gambling, it's just the casino giving back what you lost before. There's this idea that they want to hook you in by letting you win at the start. While some people hit it big on their first day, others especially regular gamblers often talk about losing more than winning haha It's like a cycle where the wins might just be covering the losses. The whole thing gets even trickier with casinos promoting those early success stories to draw in new players. So whether it's a legit win or just paying back losses is a bit of a gamble itself

Go check your stats and ask your friends' stats and all the people you know who gamble, if you and your friends are honest then you'll find out that all of them are true, because gambling is not an investment platform, where you expect profits, it is an entertainment platform where it brings you entertainment on all the games they offer to you, so it's true, I hate to say it's like a compliment for playing in their platform but don't stop the fact from enjoying your winning you deserve to enjoy your luck not every day you are hit by luck and win.

I'm a gambler for years already and aware of the fact that I had so many losses more than a winning moments. That being said, i'm not in profit but still chose to continue playing (though not often). My point is, yes it might be true that your few wins are just part of your many losses but what did you get in return? Because satisfaction everytime you play is crucial since this can minimize the bad effect of losing your money. As long as you are entertained and satisfied then I think you should not regret even you lose. Moreover, it is your decision to play even gambling is a game of luck and risky.

Anyway, casino is a business so they can't continue to operate if they are not in profit. Thus, it's not surprising if majority of gamblers are losing their money instead of gaining. This is a fact that every gamblers should know. If you can't bear losing your money since that's very likely, then refrain from playing and spend your money in something else that you won't regret.

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 a critical distinction between a chronic gambler and a responsible gambler. The chronic gambler is often consumed by the excitement of winning that leads them to overlook or downplay their losses. This mindset can perpetuate a dangerous cycle of chasing wins and ignoring the negative financial consequences.

In contrast, a responsible gambler recognizes the importance of keeping track of both wins and losses. They can make informed decisions about their gambling habits by maintaining a clear understanding of their financial standing. This includes setting limits on how much they are willing to wager and being mindful of their overall financial health. Responsible gambler using winnings as additional bankroll for future sessions is a prudent approach to gambling. By reinvesting winnings strategically, they can mitigate the risk of excessive losses and prolong their enjoyment of the activity without risking financial ruin.

If you think about it, it's like that because "the chances of losing are always greater than winning". So, whether we realize it or not, the wins we achieve in each gambling session we play are only a replacement for some of the losses we experienced previously. and for people who have been in the world of gambling for quite a long time, of course they really feel this, except for those who are lucky enough and are able to make big wins in almost every gambling session they do, but this is quite impossible.
 
Meanwhile, when talking about winning or losing in gambling, it is a common thing, and I consider winning to be a mere possibility and defeat to be a certainty. While the financial risk that I experienced, I consider it to be a fair price that I have to pay to get the pleasure and sensation that comes with every gambling session that I do. Because I think, so far I have only bet a fairly reasonable amount and I feel ready to lose it. So there is no regret at all if at the end of the game I have to lose.

And for those who are quite doubtful about what the OP said, if you still remember the budget you spent from the first time you gambled until now, and calculate all these expenses and then compare them with all your winnings while gambling. And look at the results, is it compatible or not?
I have done this and the result is that the gambling I did only resulted in financial losses.

Admitting to yourself about the reality in gambling will not give you high expectations on this activity. That is true, considering your overall losses and wins, I believe will give you the ballpark on what you are now in gambling. One win doesn't mean you already recovered from your previous losses. But what is really your intentions why you are gambling in the first place? If you are just chasing losses, then, I guess, you will easily be on the brink of bankruptcy.


Unfortunately, most gamblers are seeing this activity as their source of income or way to gain money to cover their debts or other financial requirements. Sure, if you are only playing just for fun, you will truly enjoy the entertainment that gambling can offer. But when you start looking at this activity to be your saviour, I guess, that's when you start having trouble with financials and stressing yourself on your games.

I don't believe is true like this argument doesn't hold any valid prove that shows that when you are gambling indirectly the casino or gambling site are gradually accumulating your money to remit it back to you as winning, okay let us look in the case of lottery when someone will have to win about $45m just like that, does it mean that such person has lost about $45m in gambling since their live time or since they started gambling? The answer is capital "NO" why because when they win such amount and if they utilized it very well that person can never put them all into gambling again because they have established their life's already.

Like as I always believe, gambling is game of chances and if you have a good chance you would constantly win without you incurring much lost. I think I can also flashed back to a post made here by user " Gambling sites including unsolicited games in betslips to ensure it fails" where a casino start playing evil against their user for constantly winning. Will this person be liken to receiving back the money he has spent so far? No because it is luck based game where no one can predicts the outcome of game.