Topic: Gambling Wins: Your Money Was Returned to You. - page 9. (Read 1701 times)

Actually, what OP said is true, and I also realized it, winning is quite special, but we don't need to think backwards, if we don't accept what we have to lose in gambling, it's best not to gamble, enjoying the sensation of the game is much more fun than calculate losses and wins

I think that he's talking about that gambler's whole career, not one single game. If he loses one day and wins the next, the money was returned to him, he did not gain anything.
Even if we were talking about a single game it's still money returning to you. It doesn't matter if the game is based on strategy! What matters is that it's the same casino he lost money in.

It's important to be honest with yourself and not go out telling people how much you won but count the total number of wins and losses and decide if you're really in profit. You can have 100 losses and 1 big win that wipes it all, but you will still be at a loss because you've lost time trying to gain money and you're still at the starting point.

Leaving the discussion a little because it is important to always clarify people when they talk about losses in cryptocurrency investments. well, if you look at the price of bitcoin in the past it managed to reach $69,000 and then it fell a lot, but before reaching that $69,000 the price started from low, something like $1, $2... until it reached that $69,000 . which means that everything depended on you having done research before buying so that you knew that bitcoin was a better investment compared to alticoins, just look at the following, a few years ago the price of litcoin reached more than 300$ when the price of bitcoin was of more than $50,000, both currencies fell a lot after reaching their ATH, but there was a big difference, which was that the price of bitcoin went from $3000 to $69,000 and never went back to $3,000, it only fell to $15,000.

while the price of litcoin went from 50$ to 300$ and back to 50$ and today the price of litcoin is at 70$ while the price of bitcoin is at 52000$, the reason for this is simple: litecoin does not have nothing useful that attracts people, this is because despite being a currency with low rates compared to bitcoin, it has an owner while bitcoin does not. all altcoins will only have temporary success. so don't invest in altcoins, only invest in bitcoin

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Regarding the length of the thread, I always keep saying that anyone can only make a profit at the casino when they stop playing while they have won more money than they have lost since they started playing. For example, if a person has been gambling for 10 years, lost 2 million dollars, but won 5 million dollars and that person stopped gambling, then that person had 3 million dollars in profits. Now, if that person continued playing even if they said they were playing for fun, then that person cannot consider themselves to be making a profit. because he will lose everything as long as he keeps playing

You win on your first try; that's "beginner's luck." Unfortunately, some may neglect the reality that most of us gamblers aren't really making money. The reality might be harsh for us if we keep tracking our wins and losses because, in all likelihood, we have more losses than wins. I'm referring to the individuals considered typical gamblers who don't treat gambling professionally.

If we're just looking to have fun, then we'll likely have moments to enjoy, but there are also times when we experience losses. Looking at the big picture, we realize we have no chance since this business is not for us to grow but for the casino industry to prosper.

It depends on the gambler. A chronic gambler easily forgets his losses and rejoices when he wins. He is fixated on winning and forgets the amount of money he lost he never calculates his losses all he cares about is his winnings he knows the amount that he wins but has no idea of his losses. A responsible gambler knows this fact, which is why he keeps it as additional bankroll for his next session.

This is why many consider beginner's luck as a curse because you have become motivated and overwhelmed with your winning that you begin to think  that you have luck in gambling and you can win over and over again, but this is just an illusion, they will hold on to that believe until they accumulate huge losses and regret it, I always caution all my friends who just started to gamble to not be confident when they're experiencing early winnings because its an illusion that will soon catch them.

If it's playing in casinos we seldom see gamblers whose winning percentage is higher than their losses, some brag that their stats are great but they do not include all their losses, but it's different if it is a lottery, it is extremely hard to win a lottery, you have a better chance to get hit by lightning twice than hit a lottery jackpot.
Casinos are profit-driven platforms don't deceive yourself that you could make it your cash cow, it's the opposite gamblers are their cash cow so treat gambling as an entertainment platform so you can cut your losses and free your mind.

This is a very powerful psychological technique on the part of the casino: to give a beginner a huge win. I understand that this does not happen because of the casino, but rather a coincidence. But is it good for the player? Yes, but only if he buys something with this money, or withdraws it and leaves, ceasing to play that day. But often it is this first big win that seems to suck the player into the world of gambling completely - so much so that the player loses this money and starts playing from scratch, because he wants to feel lucky again.

A newbie gambler will rarely make win when he started except by luck, which makes it that whenever we are gambling, we should be more focused on the fun and entertainment we are going to benefit from it and not the money to make out of it, gambling is mostly by luck and not even the experience gamblers make this same fortune of winning consistently each time they are gambling, we cannot make demands on winning just because we needed finances for our personal purpose, winning sometimes comes at will, when we least expect them coming.

This is not always the case. Although, you have a point to some extent but you don't necessarily need to lose so much funds before you win in gambling. Just like you said, some people start gambling with a win, win, win and lose. This means there are people that win often than they lose. Some start with a lose, lose and lose. These set of people experienced lose in gambling until they quit playing. While the majority lose than their actual win. It just depends on the individual luck.

To high extent, I don't think it's correct that our win is a fraction of our money that we lost to casinos unless if you are a high wager. For majority of us who gamble with average and reasonable amount, a one, two or more win will definitely recover part if not all of our losses. For some one that bet with $20 or $30, a single win of like $300 or above will cover your lost even if you experience like 5 lost before that win. It affects people who gamble very often and with a larger amount to win and see it as part of their money lost to casinos but sincerely, there are people who are actually winning more than the their lose but not really much.

Interesting, I like your thread. Honestly, I can't deny what you said in this quite long post. It's just that, if we look at it from all points of view. The results will be different and varied. I mean, our essence in gambling. We agree that the money we win is part of our money. or, the money is returned by the bookie and that is the fact. Likewise with novice gamblers who win their initial gambling, there are those who are increasingly interested and there are those who have finished there. In essence, this is gambling with various points of view based on the results of our own thinking.

But if it were the other way around, almost 70% of gamblers always win their bets. I guarantee, there will be many casinos that will go out of business. in short, they will suffer financial losses. starting from expensive operating costs, taxes that must be paid, workers and so on. That's why, the system they create is more likely to say that the house always wins. I think, actually, it's not the house that always wins. but it is the gambler, who has no limits during his gambling sessions. so when they get a win, even 1000x of the first bankroll, the urge to continue playing affects our psychology. I also believe like you, there are more losses than wins. But which gambling do we play, which is based purely on luck? or, which involves knowledge, insight and so on. The point is, winning and losing is a risk. The problem is, ask ourselves, why gamble. For me personally, apart from liking football and getting adrenaline from betting sessions, there is fun and entertainment that I get. especially, when analyzing. win or lose, just let the result decide. because, gambling cannot be separated from all possibilities.

In gambling there are two major events that must occur which is losing and winning, this events are part of the game of gambling, many gamblers understand this fact and they station their mind and allow this to naturally occur, the set of person that does not understand this thing are the newbies in gambling and that's why they don't know when to give it a break or continue, as gambler, you must understand that uncertainty is gambling itself, when you stake a game, the outcome is unforeseen, gambling is about luck, if you win that's good but if you don't that's part of the game.

i think that it depends on the game we are playing. if the game is a game based on strategy, such as poker or sportsbook, it is possible that the money we play will return more than what we spend, for example like poker professionals or bettors. however, if it is based on luck like slots, maybe what you say can be accepted because quite a lot of slot players waste their money on the game before they can win from their game.

Therefore, I never believe in anyone's winnings in casino games unless he is someone who likes to share the story of his losses. When someone claims that he is a gambling expert, I always challenge him to show the statistics of his losses. Not only show the statistics of his wins, I am sure of his losses. much higher than the winnings, because I am a gambler, I also know that the statistics that gamblers often get, whether they are beginners or old players, are certain that the losing statistics are much higher.

The dealer will always win against all its users so it is not surprising if the winnings we get are our own money from losses, but if you play at the beginning you win not from your money but other people's money which is to attract your sympathy to continue playing usually at the beginning given more wins, don't believe it, just try gambling with a new account and differentiate the taste from an old account, I often create gambling accounts so I learn a little about the concept of this business, therefore the gambling business is profitable and I'm sure everyone already knows about this.

OP, like you said, some people usually make wins on their first attempt at gambling. That's true, but I also want to specifically say that the only people that win on their first attempt at gambling are very few. If gamblers are 100%, those who were lucky to win on their first attempt are not more than 20%, if at all it's even up to that percent. 

When I started gambling, I still remember my mind was just on suspense, waiting and expecting a win result from my game, but at the end, the game got busted. My first attempt to gamble did not bring any wins; even my second attempt was not fruitful. 

I have lost so greatly in gambling, and if I begin to measure the losses I have encountered in gambling, it's way less than the wins, and that's how the system was designed. If, as a gambler, you are thinking of recovering all the money you have lost in gambling, I don't think it's possible, unless you get very lucky to win a jackpot. 

In gambling it is never a win win it always a win /lost/ lost or a lost/ Lost/ win or a lost lost lost. although there is another category which is the lost /win /win and this people are the set that play gambling with huge amount of money with lesser risk. Rich men don play accumulated games rather single game and that makes them always have a more wining power, than the poor.

The aspect you said that some people will come the first time and win and later be losing, it is just a coincidence to me. I don't see if there is anything that prove the fact that it is a usual case. It is just like life and how we see things. Normally in life we do more frequent bad than good or we say all sorts of bad thing with our mouth and only speak few good things. And that is also applicable to gambling. Gambling is something that you will miss alot before you get a win. It is an indirect way of letting you know how difficult life might be. If it where easy for people to win more frequently , the hole casino will shutdown and almost all gamblers will be rich and non will gamble again. So the probability of winning is %10 while that of lost is %90 that is why wining can not be more frequent than losses.

OP, first of all, you could say it shortly, it was a little confusing to read your post. Second of all, everyone should view gambling as a fun activity and not an alternative of 9-5 jobs. Sometimes you lose more than you deposited in your lifetime and get nothing back, sometimes you win back almost as much as you lose and sometimes you are the lucky one who wins the jackpot. That's gambling. If you play for fun and lose in this journey, you'll still feel happy when you win and will consider that as the real win because winning when you gamble for fun, is like a bonus for doing the job that you love.

An answer to this question of yours will be neither yes or a no because it's true you could be winning part of your money lost to the casino and sometimes you may be breaking even, it could also be that you are just a lucky person who has possibly won above what you have lost before but generally if you have been loosing more often than you win and eventually you happen to have a win, it's could then be said that you just regained part of your losses and not you actually winning the game just as you should normally, for the lucky newbies they can still be lucky again and may not loose enough to equate their losses it's just them been lucky as such it is with gambling.

Some persons can actually loose a lot and at a point win so big that it will make up for all they have every lost gambling but this doesn't happen too often, not everyone loose much more than they have ever won, some persons also get lucky and still win much more.

You are entirely correct and I won't go against your analysis because that's the same experience that I have. Especially in casino games.
But why do we still gamble despite all of that truth?
I guess we cannot take the fact that we are still aiming revenge against the house. We want to win so badly that we don't really care how many losses we have.
But there's actually an escape for this. Sports betting. I have seen a few friends who are successful in this method. But, it does require discipline. You have to control yourself to not gamble in casino games and just focus on sports betting. It will be a rough road especially if you are used to playing those kinds of games. I am having a hard time not to gamble in casino games. Why? Because it's fun and it has the fastest multi-win in just seconds or minutes of playing but the risk is just too high.
I don't think we can change the fact that the losing percentage is higher in casino games, so it will be up to us if we want to stop or not. No one is forcing us to play, it will be our own choice.

Yes, there are luck games and there are strategic games on which winning would really be that entirely totally random but we know that certain types will really be needing up some
analysis which accompanied by luck then it would be a win but well everything would really be that random and just said that it would be all probability.
When you do gamble then dont expect that you would really be that having those kind of returned money because there's no such thing about this one.
If you lose then you do lose, if you win then you do win. Then it would really be that best that when you do play then you shouldnt really be stressing about getting those wins
so that you wont really be that disappointed.

I think gamblers already knows the risk, it's not even 50/50 if you play games like slot machines or any games that the odds are pretty much against you. Maybe sports betting or even poker might be good, but the rest of the games is really against us and it boils down if we have luck and be able to win. But the question is if ever we win, do you stop or just continue and make it a cycle, thus turn us to be a gambling addicts? And I think the best teacher here is experienced. If we have been in this kind of situation, maybe with the right frame of mind, we will have to stop at some point to stop the losses.

I couldn't agree more with your notion about the distinction between responsible and irresponsible gambling and you're completely right. This theory applies mostly to those who are already used to gambling and risking more than they can actually afford to loose. Every gambler should be aware of the risks involved in gambling, they should always have it at the back of their mind that gambling is a 50/50 game, you can either win or loose, infact your chances of loosing happens to be even greater than that of winning, so the question should be, is it worth throwing such amount of money away? If the answer is yes then go ahead but if you're unsure if you should push through or not, then dont even think of pushing through because the result might be fatal.