Have you achieved anything from gambling - page 15.

HelliumZ

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Quote from: nullama on July 02, 2024, 06:59:59 PM

Quote from: cryptoWODL on July 02, 2024, 08:40:06 AM

For the past few days I have been quite uncomfortable with the word gambling. Because I made a bet with some of my acquaintances about the T20 World Cup final match. But luckily I won that match i.e. that bet. As a result, I succumbed to temporary greed and made another bet later. That was my mistake, I forgot that gambling should be played only for fun and not for making money.

It may be true that people lose more from gambling than they earn. But gambling makes people greedy in the initial stage so that later on they are inclined to gamble more and they lose their money. I feel uncomfortable losing small amounts of money gambling but I can feel what happens to people who lose large amounts of money. So we should be responsible while gambling and should not gamble unwisely or even become addicted.

Yeah, that's the thing, you can win from time to time, but in the end you will lose more than what you win.

That is the only equation of gambling. If you get profit on several bets in a row then be prepared for the last bet as all past profits will be lost on your last bet.
I have learned from gambling that gambling will never give you any profit but if all the profits you had are added and all the losses you have made then the loss will be more.

Silberman

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Quote from: ethereumhunter on July 02, 2024, 10:41:42 PM

Quote from: mirakal on July 02, 2024, 06:53:27 AM

Perhaps, that is easy to understand, unfortunately, most gamblers tend not to understand that is why they are still acting like irresponsible gamblers who instead, can make it right. We never expect such "achievement " because, in the first place, they don't even know what gambling is all about.

If a gambler thinks always about winning, the more they incur losses.
Luck never comes too easily, so before we win and become lucky, we suffer losses first. I could not imagine what happened to us when we kept on gambling but still unlucky. Disappointment is really what we feel. That is why, we don't get too attached to our gambling habit, it should be on some limitations.

Gamblers tend to still trying achieve anything from gambling such as wins the big money from gambling and will not stops if they don't gets that money. That will only makes them lose more and more money but they don't realizes what happens to them so they keeps playing gambling because they still wants to achieve their goals. We don't have to hopes to achieve anything from gambling because gambling is just for having fun so we don't have to playing gambling too often to avoids the big lose.

Luck will only comes to people who deserves to gets so other people can't force themselves to keeps playing gambling and waits for their luck comes. If they do that, they will not realizes how big their lose when playing gambling but they will keeps playing gambling until their money is gone. We will disappointed when that happens but we can't recover our lost money in gambling because casino will not allows us to gets our money back easily.

Even when people realize they are losing way more money than what they can afford, since in their minds they think winning is just a matter of time, they prefer to disregard those losses as they are completely sure about the success they will supposedly get, but it is not until they realize they have spent all their money and they have not obtained anything when they panic, and they change their goal from becoming rich with gambling, to simply recover their money, and even that is a dream that will not come true as almost no one can do this.

Betwrong

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Quote from: cryptoWODL on July 02, 2024, 08:40:06 AM

For the past few days I have been quite uncomfortable with the word gambling. Because I made a bet with some of my acquaintances about the T20 World Cup final match. But luckily I won that match i.e. that bet. As a result, I succumbed to temporary greed and made another bet later. That was my mistake, I forgot that gambling should be played only for fun and not for making money.

You mean you won the bet with your friends and then decided to put the won money in another bet, but this time on online bookie? Yeah, that was mistake, I guess. I mean. you achieved something from gambling and then you lost it right away. Well, as they say, we either win or learn. I'm glad you realize it was a mistake.

Quote from: cryptoWODL on July 02, 2024, 08:40:06 AM

It may be true that people lose more from gambling than they earn. But gambling makes people greedy in the initial stage so that later on they are inclined to gamble more and they lose their money. I feel uncomfortable losing small amounts of money gambling but I can feel what happens to people who lose large amounts of money. So we should be responsible while gambling and should not gamble unwisely or even become addicted.

I'd say, gambling makes some people greedy. You shouldn't necessarily be one of them. You should resist that urge.

ethereumhunter

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Quote from: mirakal on July 02, 2024, 06:53:27 AM

Perhaps, that is easy to understand, unfortunately, most gamblers tend not to understand that is why they are still acting like irresponsible gamblers who instead, can make it right. We never expect such "achievement " because, in the first place, they don't even know what gambling is all about.

If a gambler thinks always about winning, the more they incur losses.
Luck never comes too easily, so before we win and become lucky, we suffer losses first. I could not imagine what happened to us when we kept on gambling but still unlucky. Disappointment is really what we feel. That is why, we don't get too attached to our gambling habit, it should be on some limitations.

Gamblers tend to still trying achieve anything from gambling such as wins the big money from gambling and will not stops if they don't gets that money. That will only makes them lose more and more money but they don't realizes what happens to them so they keeps playing gambling because they still wants to achieve their goals. We don't have to hopes to achieve anything from gambling because gambling is just for having fun so we don't have to playing gambling too often to avoids the big lose.

Luck will only comes to people who deserves to gets so other people can't force themselves to keeps playing gambling and waits for their luck comes. If they do that, they will not realizes how big their lose when playing gambling but they will keeps playing gambling until their money is gone. We will disappointed when that happens but we can't recover our lost money in gambling because casino will not allows us to gets our money back easily.

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Quote from: cryptoWODL on July 02, 2024, 08:40:06 AM

For the past few days I have been quite uncomfortable with the word gambling. Because I made a bet with some of my acquaintances about the T20 World Cup final match. But luckily I won that match i.e. that bet. As a result, I succumbed to temporary greed and made another bet later. That was my mistake, I forgot that gambling should be played only for fun and not for making money.

It may be true that people lose more from gambling than they earn. But gambling makes people greedy in the initial stage so that later on they are inclined to gamble more and they lose their money. I feel uncomfortable losing small amounts of money gambling but I can feel what happens to people who lose large amounts of money. So we should be responsible while gambling and should not gamble unwisely or even become addicted.

I understand how you feel about gambling. Winning in gambling can be exciting but it is important not to let that excitement lead to bad decisions like you have made one. Gambling should be done carefully and only with money you can afford to lose. Remember gambling is just for fun not a way to make money. Losing little money can be uncomfortable but it is good reminder to be careful. Gambling responsibly will help us avoid financial and emotional problems. And if you ask me. So personally I don't like gambling or even I don't do gambling. Because it creates greediness.

nullama

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Quote from: cryptoWODL on July 02, 2024, 08:40:06 AM

For the past few days I have been quite uncomfortable with the word gambling. Because I made a bet with some of my acquaintances about the T20 World Cup final match. But luckily I won that match i.e. that bet. As a result, I succumbed to temporary greed and made another bet later. That was my mistake, I forgot that gambling should be played only for fun and not for making money.

It may be true that people lose more from gambling than they earn. But gambling makes people greedy in the initial stage so that later on they are inclined to gamble more and they lose their money. I feel uncomfortable losing small amounts of money gambling but I can feel what happens to people who lose large amounts of money. So we should be responsible while gambling and should not gamble unwisely or even become addicted.

Yeah, that's the thing, you can win from time to time, but in the end you will lose more than what you win.

That's just how the math of gambling works.

Might as well have some fun as you will most probably be going to lose anyway.

cryptoWODL

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For the past few days I have been quite uncomfortable with the word gambling. Because I made a bet with some of my acquaintances about the T20 World Cup final match. But luckily I won that match i.e. that bet. As a result, I succumbed to temporary greed and made another bet later. That was my mistake, I forgot that gambling should be played only for fun and not for making money.

It may be true that people lose more from gambling than they earn. But gambling makes people greedy in the initial stage so that later on they are inclined to gamble more and they lose their money. I feel uncomfortable losing small amounts of money gambling but I can feel what happens to people who lose large amounts of money. So we should be responsible while gambling and should not gamble unwisely or even become addicted.

mirakal

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Quote from: ethereumhunter on July 02, 2024, 05:44:17 AM

Gambling is just fun and entertainment so they must treat gambling like that and will not trying to achieve something from gambling. If they can't understand that, they will only gets deeper in gambling without they realizes and have a will to gets out from gambling to search or achieve something from other things. Even when they wins, they will not understand that their winning is not happens many times but they will lose their money, especially if they decide to chase more winning.

Perhaps, that is easy to understand, unfortunately, most gamblers tend not to understand that is why they are still acting like irresponsible gamblers who instead, can make it right. We never expect such "achievement " because, in the first place, they don't even know what gambling is all about.

If a gambler thinks always about winning, the more they incur losses.
Luck never comes too easily, so before we win and become lucky, we suffer losses first. I could not imagine what happened to us when we kept on gambling but still unlucky. Disappointment is really what we feel. That is why, we don't get too attached to our gambling habit, it should be on some limitations.

ethereumhunter

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Quote from: Kelward on July 02, 2024, 04:15:12 AM

Quote from: JMBitcointernational on April 09, 2024, 08:11:15 AM

Lastly , i Dont know If you have achieved anything from gambling or you have same perception like my colleaques But for me i have achieved something reasonable and tangible from gambling , So please friends let me see your opinions on this .

One of the main reasons why I feel that many gamblers says that they don't achieve anything from it is because they don't spend their wins on tangible things or invest them. When most gamblers wins money, they tend to squander it, probably because they believe that it's easy money or that the amount is not significant enough to do anything meaningful. It all comes down to what an individual chooses to do with their wins, no matter how small, either to buy a drink with it or buy shirt with it, it's their money. Many gamblers thinks that it's only when they win big that they can be able to achieve something with the money but they forget that they can achieve something small with a small win if they want.

Or they can't wins from gambling games so they don't achieve anything from gambling. But that makes them don't realizes that achieve anything from gambling is difficult instead will still trying to gets that. They makes a mistake if they thinks that they can achieve anything because gambling is not like education, position, rank, or target that they can achieve something from that.

Gambling is just fun and entertainment so they must treat gambling like that and will not trying to achieve something from gambling. If they can't understand that, they will only gets deeper in gambling without they realizes and have a will to gets out from gambling to search or achieve something from other things. Even when they wins, they will not understand that their winning is not happens many times but they will lose their money, especially if they decide to chase more winning.

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Quote from: JMBitcointernational on April 09, 2024, 08:11:15 AM

Hello pals , this might Sound Crazy And funny But there are some meanings To It when looked At critically ,I Was having some chats with My colleaques in the Office And I told them what I am waiting for the right Time to stake my bets online and one of them opted that he hates gambling and that he has never achieved anything from the money he makes while gambling , and that he either Drinks with The money or goes to club with his girl Friend and many more unfortunate reasons .

First thing to take note of when playing gambling is to be aware that it’s an avenue to have fun. There’s nothing more funny than hanging out in a clubhouse, drinking with friends and having a great moment with your girlfriends. None of these are unfortunate, they are what makes life worthy of living because they contribute to our wellbeing.

Quote

Still on the matter another colleaque of mine backed him up saying that since he started gambling that he has never achieved anything tangible from gambling and that he feels that something mysterious is associated with the money he makes from gambling.

No, I will disagree with this. Whatever you do with money won from gambling is your choice and should not be seen as a misery. The moment you start thinking of making a greater achievement from gambling, the higher the chances you’ll lose more money because you are probably going to gamble more than you can afford to lose simply because you want to win big to achieve something tangible.

Quote

Lastly , i Dont know If you have achieved anything from gambling or you have same perception like my colleaques But for me i have achieved something reasonable and tangible from gambling , So please friends let me see your opinions on this .

I have seen many people doing incredible things with money won from gambling. In fact, some people’s life have changed for good through their gambling winnings. It’s just depends on how and what you take gambling for, after all it’s not a business venture to expect the most from. Gamble responsibly, please.

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Quote from: JMBitcointernational on April 09, 2024, 08:11:15 AM

Lastly , i Dont know If you have achieved anything from gambling or you have same perception like my colleaques But for me i have achieved something reasonable and tangible from gambling , So please friends let me see your opinions on this .

One of the main reasons why I feel that many gamblers says that they don't achieve anything from it is because they don't spend their wins on tangible things or invest them. When most gamblers wins money, they tend to squander it, probably because they believe that it's easy money or that the amount is not significant enough to do anything meaningful. It all comes down to what an individual chooses to do with their wins, no matter how small, either to buy a drink with it or buy shirt with it, it's their money. Many gamblers thinks that it's only when they win big that they can be able to achieve something with the money but they forget that they can achieve something small with a small win if they want.

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Quote from: hahay on June 29, 2024, 02:43:47 PM

Quote from: delfastTions on June 29, 2024, 02:09:19 AM

Quote from: Richbased on June 28, 2024, 04:05:14 PM

Quote from: delfastTions on June 27, 2024, 02:06:03 AM

We all must take into account that the gambling business itself simply could not exist if there were not a constant and stable flow of money to the businessmen who organized it.

Sure anyone who opens a gambling business is assume to have a lot of money but it doesn't mean that they pay winning from their pocket all the time because I have been a witness to cases where a gambler wins a huge amount of money and his winning payments was postponed, if the company had that amount of money they should have paid him but probably because they want other gamblers to lose in order for them to pay the winning from the money of those that have lost.

No body opens a business to lose no matter how wealthy they are so even if a casino owner have huge amount of money, they can't spend it on people's winnings. Even those bookmakers who handle gambling activities know that a gamble owner doesn't pay from their own money, the money they get from losers is what they use to pay winnings so if winnings surpassed losers then they don't make payments immediately or they will delay in making payments.

And by the way, it is in this financial scheme that there is a huge risk of bankruptcy of the casino, when the influx of new money from losing players does not keep up with the payment of winnings. This risk is the most characteristic feature of this entire gambling industry. And only the largest and most reputable casinos, as I think, have a financial “airbag” and acceptable guarantees to avoid the collapse of their business. And all small casinos are balancing in this financial scheme and are at increased risk of bankruptcy.

Therefore, there is a maximum betting limit, because if the gambling platform does not have a maximum betting limit, then when a player wins a lot of money, then the bookie cannot pay it quickly. This is different from famous gambling platforms which have maximum betting limits,because they don't want this case to happen. Because, if they have a maximum betting limit then they will be able to serve gamblers well and not have problems such as late payments as you said. However, regarding the achievements that have been obtained from gambling, I sure that those who are consistent will certainly be able to achieve something good in gambling.

I would add to your words that almost all the players (who, of course, did not become gambling addicts at the stage of illness!) have achieved the main thing in their game. First of all, they received great pleasure from the excitement of the game and, naturally, the euphoria when they won. These are wonderful emotions, in my opinion, they are quite among the emotions that generally paint the life of any person in multi-colored shades, against the backdrop of the general gray everyday life of ordinary life. When a person only knows the work-home-family scheme and so on. I would even compare any player's gaming history to a great vacation in the Maldives. This is an unforgettable experience for a lifetime.

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Quote from: DaNNy001 on June 24, 2024, 07:53:39 AM

Quote from: EluguHcman on June 24, 2024, 02:09:34 AM

It should be something shameful of them. I thought they were up to say since they have been gambling they have never made a winning before talking about how to make productive use of it.

It is something of luck to win in gambling, and it is also a thing of choice to decide how you spend your winning rewards to it is not something of such insight like there is a curse in gambling by which you can not verily utilize your won profit.

Those of your colleagues are such that believes that profits made out of gambling are free funds and should be spent on invaluable such as they do.
What holds them to spend the money on things they think that matters a lot to them? They are just lost and need to recollect their stupid mindsets.

Well whether you like it not, I believe there are lots of gamblers that actually have this same thought about gambling and it's quite sad too because with that kind of mentality it would be difficult for anyone to Gambling to get something tangible or significant from their gambling earnings. The only few percentage of gamblers that are achieving something with their wins in gambling are actually people that know the importance of money because they never relent I getting something valuable with their winnings from gambling be it small or huge.

Yes, some people want to actually win millions of dollars before they can think of something more meaningful to do with the money; meanwhile, there are people who do better things with their money, no matter how little it is. Some people will even win huge amounts of money and they cannot still do anything with it. I have heard about a gambler in my province who won a significant amount of money in gambling. He used the money to purchase a car, which he started using for taxi driving. After a year, he saved up some money, so he purchased another car and employed someone to be driving it too. Today, the man has other business and investment he is doing. It's not just everyone that can manage money very well, especially the one they got so absolutely.

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Quote from: EluguHcman on June 24, 2024, 02:09:34 AM

It should be something shameful of them. I thought they were up to say since they have been gambling they have never made a winning before talking about how to make productive use of it.

It is something of luck to win in gambling, and it is also a thing of choice to decide how you spend your winning rewards to it is not something of such insight like there is a curse in gambling by which you can not verily utilize your won profit.

Those of your colleagues are such that believes that profits made out of gambling are free funds and should be spent on invaluable such as they do.
What holds them to spend the money on things they think that matters a lot to them? They are just lost and need to recollect their stupid mindsets.

I think as long as they won those money, risking their own hard-earned cash, they can spend the winnings however they want. We are not here to judge them. Besides, I personally think that money obtained from gambling is not something cursed so that you will never get anything good for you from that. Anyway, won money can be spent on anything, no mater how "valuable" that thing is.

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Quote from: Ruttoshi on June 29, 2024, 02:56:32 PM

Quote from: Silberman on June 29, 2024, 02:26:27 PM

Quote from: piebeyb on June 28, 2024, 08:25:21 AM

Consciously, they are actually aware of this, but they are already expecting a lot and have already spent a lot of money to be able to win and be part of the 1% of people who are lucky to win the game, I'm sure there is no more than 1% of winnings given by the casino to all its users because The bookie will always win with 99% wins, so people are too eager to chase wins from that 1% even though it's just a waste of time, they gamble to win and get lots of money, even though gambling is supposed to be just a place to have fun.

I don't know why people try to gamble all the time just to chase it and hope to be part of the 1% of winnings that the casino might give to its users, even though it is clear that no one gets rich from gambling even though there are no more than 1% of people who are lucky to get it. , in fact, people should be aware of that, but again with what I said, they have already spent their money and are already expecting more and don't want to end up disappointed, even though they can stop their steps to think more maturely that gambling is not for making money. actually it's just a place to find entertainment.

The truth is that a lot of people are very lazy and they want to obtain something out of nothing, so when they think about all the efforts they must do in order to reach the level of wealth they want for themselves, they realize they have almost no chance to reach it as they know about their own lazy nature, so they think that by gambling they can achieve their dreams, while at the same time they do not have to exert themselves to do it, not considering that the chances they can reach their goals this way are incredibly low.

I agree with you that it is lazy people that think gambling is a get rich quick activity. For this reason they wl be gambling for profit by all means that that will later have a negative effect on them because they will be addicted and also run at big loss.

This is a wrong understanding on gambling because gambling should be for fun and not to double our money or take it as a job. Whoever thinks he can achieve from gambling will regret having such hope because it will be the opposite.

Lazy and to those who are really that delusional that they would really be that becoming rich easily with gambling on which we know that it could really give out that different result or outcome which is really that opposite on what you have anticipated or wishing for. Achieving something from gambling? This isnt the right question because its not something that you would really be able to achieve something because
if we do really try to look on whats the real purpose of gambling then you wont really be having these words but rather you would really be that treating it on how it should really be treated, because if you
are one of those people who do expect something about gambling then you are really that bound on failing because thats not how gambling works from the start.

Achieving on making big money?
Achieving on getting rich?

You would really be rather getting the opposite thing basing up on what you are expecting because thats not how
gambling should supposed to be.

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Quote from: Silberman on June 29, 2024, 02:26:27 PM

Quote from: piebeyb on June 28, 2024, 08:25:21 AM

Consciously, they are actually aware of this, but they are already expecting a lot and have already spent a lot of money to be able to win and be part of the 1% of people who are lucky to win the game, I'm sure there is no more than 1% of winnings given by the casino to all its users because The bookie will always win with 99% wins, so people are too eager to chase wins from that 1% even though it's just a waste of time, they gamble to win and get lots of money, even though gambling is supposed to be just a place to have fun.

I don't know why people try to gamble all the time just to chase it and hope to be part of the 1% of winnings that the casino might give to its users, even though it is clear that no one gets rich from gambling even though there are no more than 1% of people who are lucky to get it. , in fact, people should be aware of that, but again with what I said, they have already spent their money and are already expecting more and don't want to end up disappointed, even though they can stop their steps to think more maturely that gambling is not for making money. actually it's just a place to find entertainment.

The truth is that a lot of people are very lazy and they want to obtain something out of nothing, so when they think about all the efforts they must do in order to reach the level of wealth they want for themselves, they realize they have almost no chance to reach it as they know about their own lazy nature, so they think that by gambling they can achieve their dreams, while at the same time they do not have to exert themselves to do it, not considering that the chances they can reach their goals this way are incredibly low.

I agree with you that it is lazy people that think gambling is a get rich quick activity. For this reason they wl be gambling for profit by all means that that will later have a negative effect on them because they will be addicted and also run at big loss.

This is a wrong understanding on gambling because gambling should be for fun and not to double our money or take it as a job. Whoever thinks he can achieve from gambling will regret having such hope because it will be the opposite.

hahay

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Quote from: delfastTions on June 29, 2024, 02:09:19 AM

Quote from: Richbased on June 28, 2024, 04:05:14 PM

Quote from: delfastTions on June 27, 2024, 02:06:03 AM

We all must take into account that the gambling business itself simply could not exist if there were not a constant and stable flow of money to the businessmen who organized it.

Sure anyone who opens a gambling business is assume to have a lot of money but it doesn't mean that they pay winning from their pocket all the time because I have been a witness to cases where a gambler wins a huge amount of money and his winning payments was postponed, if the company had that amount of money they should have paid him but probably because they want other gamblers to lose in order for them to pay the winning from the money of those that have lost.

No body opens a business to lose no matter how wealthy they are so even if a casino owner have huge amount of money, they can't spend it on people's winnings. Even those bookmakers who handle gambling activities know that a gamble owner doesn't pay from their own money, the money they get from losers is what they use to pay winnings so if winnings surpassed losers then they don't make payments immediately or they will delay in making payments.

And by the way, it is in this financial scheme that there is a huge risk of bankruptcy of the casino, when the influx of new money from losing players does not keep up with the payment of winnings. This risk is the most characteristic feature of this entire gambling industry. And only the largest and most reputable casinos, as I think, have a financial “airbag” and acceptable guarantees to avoid the collapse of their business. And all small casinos are balancing in this financial scheme and are at increased risk of bankruptcy.

Therefore, there is a maximum betting limit, because if the gambling platform does not have a maximum betting limit, then when a player wins a lot of money, then the bookie cannot pay it quickly. This is different from famous gambling platforms which have maximum betting limits,because they don't want this case to happen. Because, if they have a maximum betting limit then they will be able to serve gamblers well and not have problems such as late payments as you said. However, regarding the achievements that have been obtained from gambling, I sure that those who are consistent will certainly be able to achieve something good in gambling.

Silberman

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Quote from: piebeyb on June 28, 2024, 08:25:21 AM

Consciously, they are actually aware of this, but they are already expecting a lot and have already spent a lot of money to be able to win and be part of the 1% of people who are lucky to win the game, I'm sure there is no more than 1% of winnings given by the casino to all its users because The bookie will always win with 99% wins, so people are too eager to chase wins from that 1% even though it's just a waste of time, they gamble to win and get lots of money, even though gambling is supposed to be just a place to have fun.

I don't know why people try to gamble all the time just to chase it and hope to be part of the 1% of winnings that the casino might give to its users, even though it is clear that no one gets rich from gambling even though there are no more than 1% of people who are lucky to get it. , in fact, people should be aware of that, but again with what I said, they have already spent their money and are already expecting more and don't want to end up disappointed, even though they can stop their steps to think more maturely that gambling is not for making money. actually it's just a place to find entertainment.

The truth is that a lot of people are very lazy and they want to obtain something out of nothing, so when they think about all the efforts they must do in order to reach the level of wealth they want for themselves, they realize they have almost no chance to reach it as they know about their own lazy nature, so they think that by gambling they can achieve their dreams, while at the same time they do not have to exert themselves to do it, not considering that the chances they can reach their goals this way are incredibly low.

delfastTions

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Quote from: Richbased on June 28, 2024, 04:05:14 PM

Quote from: delfastTions on June 27, 2024, 02:06:03 AM

We all must take into account that the gambling business itself simply could not exist if there were not a constant and stable flow of money to the businessmen who organized it.

Sure anyone who opens a gambling business is assume to have a lot of money but it doesn't mean that they pay winning from their pocket all the time because I have been a witness to cases where a gambler wins a huge amount of money and his winning payments was postponed, if the company had that amount of money they should have paid him but probably because they want other gamblers to lose in order for them to pay the winning from the money of those that have lost.

No body opens a business to lose no matter how wealthy they are so even if a casino owner have huge amount of money, they can't spend it on people's winnings. Even those bookmakers who handle gambling activities know that a gamble owner doesn't pay from their own money, the money they get from losers is what they use to pay winnings so if winnings surpassed losers then they don't make payments immediately or they will delay in making payments.

And by the way, it is in this financial scheme that there is a huge risk of bankruptcy of the casino, when the influx of new money from losing players does not keep up with the payment of winnings. This risk is the most characteristic feature of this entire gambling industry. And only the largest and most reputable casinos, as I think, have a financial “airbag” and acceptable guarantees to avoid the collapse of their business. And all small casinos are balancing in this financial scheme and are at increased risk of bankruptcy.

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Quote from: delfastTions on June 27, 2024, 02:06:03 AM

We all must take into account that the gambling business itself simply could not exist if there were not a constant and stable flow of money to the businessmen who organized it.

Sure anyone who opens a gambling business is assume to have a lot of money but it doesn't mean that they pay winning from their pocket all the time because I have been a witness to cases where a gambler wins a huge amount of money and his winning payments was postponed, if the company had that amount of money they should have paid him but probably because they want other gamblers to lose in order for them to pay the winning from the money of those that have lost.

No body opens a business to lose no matter how wealthy they are so even if a casino owner have huge amount of money, they can't spend it on people's winnings. Even those bookmakers who handle gambling activities know that a gamble owner doesn't pay from their own money, the money they get from losers is what they use to pay winnings so if winnings surpassed losers then they don't make payments immediately or they will delay in making payments.

Topic: Have you achieved anything from gambling - page 15. (Read 6759 times)