Topic: Gambling Wins: Your Money Was Returned to You. - page 9. (Read 1359 times)

The saying is true because if you look at it, it will be difficult for us to win gambling games. We will experience loss more often than we will win. But that doesn't stop people from continuing to gamble. They still want to try to get big wins from gambling.

That is why, even though we try hard at gambling, it is still difficult for us to win big. If we are aware of this, we should really reduce our gambling activities. We should only use gambling as entertainment and not to make money. It's better for us to try other things like working that can make money. That would be better for us.

We will also find it difficult to recover from the losses we have suffered. Gambling is not a place to make money. So we don't need to try too hard to make money but just to have fun. That is to prevent us from experiencing big loss.

In the circle of logic of gambling games that gamblers want to win in their gambling they always fall into the so-called addiction system made by the tug of war of winning the system and the ambition of the gambler who gets the win. If you think you realize that gambling is made to make gamblers lose and spend their money there. Do not deny that you gamble to waste money.

And even if you get a win it is your money that you have lost before, but there are some gamblers only then get a win and run away from gambling in the game. But certainly, the money you win is the money you may have lost in gambling but overall every gambler loses.

This will always happen whether it is new gambler or gambler who has been familiar with gambling for long time and will never even be related to normal gamblers or gambling addicts who will still always result in losses that are much bigger than wins.
But I believe there are some people who have much higher winning percentage but very few because they are professionals who have above average skills and have successfully participated in and won various world poker tournaments.

Losing is guaranteed and no gambler can guarantee victory until they can have a history of much larger profit percentage.
Whatever the number of wins get, will definitely in the future or previously suffer quite large losses and in one win, if calculate the number, it will show greater loss.
A win is just small return for the gambler for loss that has occurred or will occur, so that is why saying gambling to make money is mindset that is not worth having.

I myself gambler who has had quite lot of sweet and bitter experiences and I have had many wins but I have also had far more losses.
If take everything into account then it is clear that it is big loss and of course this is disappointing result, but still continue gambling whatever the result because it is not about gain or loss but rather the enjoyment and pleasure that can be felt.
For those who gamble for fun, losing and winning are not important because what they are looking for is entertainment, and of course they will have their own limits in managing time and money.

It seems like it's a cycle where you think you win but the truth is that losses outweigh the wins. It's important to recognize the risks, be cautious and aware of your losses, and gamble responsibly.

This is probably true in general. I myself can be used as an example. I have won many times but I have also lost many times. But if only I am able to track all of those wins and loses over the years, I think I am net negative.

But there are definitely individual gamblers or bettors who are net positive. You have mentioned those newbies in gambling that have experienced beginner's luck. And then there are also those who won staggering amounts in lottery jackpots. They must be net positive also.

You wont really be needing any complicated way of thinking about this and about that if you do really just that simply play gambling for fun. There's no such thing about giving back those loses to you or something
like this. There's no solid proof that this is really something like this that do really happen out.It would be always totally in random and house do always win at the end if we do talk about those strategic games then
there's no such thing about proofs or something like this that do tell about being a winner on next bet you do have. Everything is random and there's no such thing about returning to you.
House wont really be  that minding about those stuffs., If you are lucky then your lucky and you would surely win but if not then loses is there and inevitable.

Dont stress out yourself on being a winner or something that do talks about making money because once you do find yourself having those kind of problems then you would really be ending up on messing up yourself
when it comes to finances.

This is I suppose a given, casinos are not going to give money away to any gambler that uses their services or they will not remain in business for long, because in order for a casino to function they need to profit from their customers, like any other business does.

However, like always there are some exceptions, professional gamblers can use their skills in some games to beat the casinos long term, now it is true they also lose some money during the short term, but once they add their profits and losses they can come up on top.

It's easy to look at it that way because most of us lose more than we win, and I think it's only true when we're referred to as a group instead of an individual because that's how it is in casino games with the term RTP.

Still, some gamblers have lucky encounters and others could somewhat take gambling seriously until their winning record becomes the proof. These winning gamblers are only composed of the smallest percentage, so don't expect to see them frequently like it's attainable for the average gambler.

If that is how you would view it then you couldn't really say that you win or lose from your previous gambling activity since you would surely continue on playing.
You could only say you won or lose until you finally decide to stop or quit for good and calculate the outcome of all your gambling activity, but I guess it would really be hard to do since it is hard to keep track of all your gambling activities from the very start you gamble.
We declare our loss or win at the end of the day since we already take the result of that day as final for it, so that the next game would be a different record for us no matter what the result would be it wouldn't affect the previous one that we had.

It’s not out of place to make the assumption that most gamblers gamble on losses. Where their cumulative gambled amount would always be far above their winnings. We can equally assume that, a very few have been able to scale this successfully. While there might be no proof to defend this rare occurrence, most persons don’t give it any conscious thought to take note of there stakes from the initial stage of gambling. That’s because, you really don’t have any idea of what adventure you’re likely going to have in this new field.
On top of all that, gambling isn’t a bad choice for most persons that have a greater control over their gambling habits. The losses are often gradual and you don’t tend to miss it when you gamble with what you can afford to loss.

From my experience, my money were return for only two reasons which are:

-When game didn't hold because of bad weather: I'm not sure for casino people if money get returned to them even they win but there is this thing sports betting platforms does, they return their your money back to your balance if the schedule game didn't hold which of course is valid any where.

-When the game was interrupted by fight or any dispute between players beyond what anyone could expect, your money will be returned to your balance which is normal, there's no way players are fount to play flawlessly with when there is commotion or when they are in under pressure.

These are the two I have experienced, any other betting platforms that do anything apart from what I have mentioned are real thief, they can't say they returned money to you because they suspect you of anything, no way they are going to return your money when you loss money to them, that's cheating.

I call BS on no lose in their history. It's either they just played a couple of games, or are straight up lying. Losing while playing/gambling is inevitable, it's not something you can have a choice of. Unless, ofc, you stop after one win but besides those kinds of instances I mean. As for wins being bigger than losses, it can happen. It's not something rare imo, it's just that the margin for most people is rather small so I guess they just assume it's equal.

As for the win loss part, it's why I always assume that anything I gamble with is money I already lost. It's just easier for me to do that since I don't have to mind all the counting that happens afterwards and I just assume that whatever I play with isn't mine in the first place already. Kind of similar to how arcades work. You buy coins from them and you basically don't own the money anymore, instead you get a token you can use to play their games.

Gamble is either you win or lose, and nothing more. I can only agree with you that majority of gamblers loss more than they win. but there are very few gamblers who have won more than they lost, and even use the gamble win, to set up a business. Discipline is what will determine how you spend your money on gambling. It is better that you use little money to gamble that would be like nothing to you, so that you will not see it as a loss, and if peradventure, you hit the jackpot, it means that you have won more than you lost. The fact remains that, it is very difficult to win big.

Before I chipping in my contribution, I would love to ask, are those who stakes just once in their life time of gambling addressed as gamblers? Or one must continuously have stakes in the gambling board before being called a gambler?

@ OP, I have seen some persons whom are lucky to win in their first time of stakes in the gambling board and never staked again. I would say there was no lost about this staker so, he definitely made winning of profit without a lost.
Hence I would ascertain this survey conduct my calculating the total bet of the gambler, tensed to figure how many times of if he had ever lost in the gambling and then compares to his winnings and that is also if he had ever won.
I can't justify this with a future tensed of the gambler to determine if he lost mores to the gambling despites his counted winnings.
Although, in my general experience, lot of gamblers who celebrates their winnings didn't actually gain profit from the gambling boards instead either their lost was tended to be recovered or some dividend of their lost was returned to them.

When a player understands ROI, he can go for years with a return in the red, but stays close to Breakeven, which allows him to recover, or have a positive return.

The thing is that if you are an occasional, novice, recreational player, those phases do not matter to you, in fact you will never understand them, but that assumes the long term as a mark to know where they is ROI.

For example, last year sports betting left me at about 8mbtc in the red, in 2023 adding royalties, bonuses, and profits I am at +18 mbtc, so I am +10 mbtc.

In traditional games, things can be tougher, in my case the maximum bet size there is $1, but on average I am around $0.5/BTC, and just this year I am at 400x with a bet of $0.2, technically I'm at +8$.

It is rare that the long-term return does "scared" me, since the size of my bets represents 100:1 the bankroll allocated for betting on traditional casino games, and I make this same relationship for several casinos where I gambler.

In poker, I can be more risky, sometimes I play $20-$30-$50 tournaments, and there I can even show you the statistics by country, from the data collected from some "millions" of players.

Poker is a little more complicated to explain to you how returns are obtained even if you have bad months, but with proper bank management and knowledge of the game it can be easier to be on the path to exceeding your ROI=0.

Largest Live Poker Database - Poker Hendon Mob
https://www.thehendonmob.com

That could very well be the definition of gambling, it's either you win or you lose. And it's true, we don't record anything, although if we play online, there could be some logs, but still we don't know how much money we lost, the only thing that gambler tell us is how much we win.

I have a who is like that, he will always boast of his wins, but there was a time when he accidentally shows us his losses in his phone not his win and for us it looks like the money was not returned to him by the casinos itself as he has string of losses early and he just recoup it with that one big win of his.

This is precisely what I was saying in my first comment. The house is profiting off the players which means you as the player ends up on the losing end more times than not.

Again, you are only emphasizing my opinion.

- Jay -

This is true in many circumstances, but there are a couple exceptions that might break the rule. First off, I definitely think there is a "honeymoon" period when you join many casino sites, where for a certain amount of time or up to a certain amount of goes on their games, you will be likely to receive more favorable win rates than you might normally get. This would build up a distorted view of the amount you are likely to win longer term from these sites and would make perfect sense as a strategy to get new gamblers, because they are a) less likely to leave with those winnings and b) more likely to build a habit with your particular site. Be on the watch for this. The other is where you are playing genuine skill based games against other players, like poker, where you are still likely to lose money at the beginning but it's very possible to earn much more back over a long timeframe.

IMHO thats something that can be true but sometimes it can be broken in different circumstances such as when you try gambling for the first time and win right away because its considered an advantage then its a different story because its done as a binder to keep you playing the game.

But on the other hand when someone is gambling realistically they must be aware of that because after all the gambling that is done will definitely have more losses than the benefit we get but on the other hand it will also not be a problem because it is a thing that we must have realized from the start because after all when talking about gambling we will not be able to win from the bookie whatever happens because we are just players who are only looking for thrills and pleasure but they are business people who will definitely benefit greatly when we do gambling.

Some of your conclusions here are incorrect. Some gamblers have recorded more wins than they have lost. Recently, there was a trend on Twitter about a boy who staked $5 and won $15000. So do you think such a gambler has lost up to $15000? I`m not sure. There are so many stories of people who won big and made establishments that they are living on to date. Not everyone who won returned it to the bookie and not everyone who won received a quota for their lose. Not minding that most gamblers are on minus but then it will be unfair to claim that no one has benefitted from gambling.