How Often Do Gamblers Really Win? | Bitcointalksearch.org

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Quote from: shintosai on November 09, 2016, 10:11:41 AM

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Quote from: traderethereum on November 09, 2016, 07:55:56 AM

i think its difficult to say how often gamblers win because we can not predict when we are win or not and its depend on our luck on the games itself even for pro gamblers, they can not give the right answer because they only playing gambling and win the games so i think i am not sure about this.

Yeah, Agreed that it's difficult to predict how often gamblers win since gambling is a luck based game. But for me, it's still depend on what kind of gambling game you are playing since there are other game that can be based on strategy too but still it needs luck. So yeah there would be no right answer to this. But remember that not all people care if they win or not since some of them just gamble for fun.

There are ways to determine this by classifying your bets and times if you are not lazy.
Seriously, you can do that by taking your profits and losses on one side and dates on the other, and see that which week made you how much profit/loss and you can see and decide that where and how you win or lose.

same way when you are inside the trade you need to make some accounting things to verify and know which type of games you have a good edge and also to make much better assessment of some particular games that you really have good edge knowing this will make you easily to count if you gain profits or not.

The professional gamblers can maintain this balance sheet but we are just play gambling to have fun, so I think many people will not get time to maintain this detail. But according to me except few gamblers I can easily say that lot of gamblers are losing side including me it's just my opinion.

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The amount of wins is equal to 50% - house edge. But this is the total wins not the total wins per person. See big winners win back the loses of the previous how ever many gamblers there were Eben though the stats are 50%- house edge. The money the house pays these people who win is the 50- house edge and the money they dont habe to pay to any winners is = the house edge. This is over long periods of time.

So of today a casino had 100k deposits and a house edge of 1 % then they make 1% of the 100k the rest is used to pay back winners.

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Quote from: 2double0 on November 09, 2016, 10:03:58 AM

Quote from: Jemzx00 on November 09, 2016, 09:44:10 AM

Quote from: traderethereum on November 09, 2016, 07:55:56 AM

i think its difficult to say how often gamblers win because we can not predict when we are win or not and its depend on our luck on the games itself even for pro gamblers, they can not give the right answer because they only playing gambling and win the games so i think i am not sure about this.

Yeah, Agreed that it's difficult to predict how often gamblers win since gambling is a luck based game. But for me, it's still depend on what kind of gambling game you are playing since there are other game that can be based on strategy too but still it needs luck. So yeah there would be no right answer to this. But remember that not all people care if they win or not since some of them just gamble for fun.

There are ways to determine this by classifying your bets and times if you are not lazy.
Seriously, you can do that by taking your profits and losses on one side and dates on the other, and see that which week made you how much profit/loss and you can see and decide that where and how you win or lose.

same way when you are inside the trade you need to make some accounting things to verify and know which type of games you have a good edge and also to make much better assessment of some particular games that you really have good edge knowing this will make you easily to count if you gain profits or not.

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Quote from: Jemzx00 on November 09, 2016, 09:44:10 AM

Quote from: traderethereum on November 09, 2016, 07:55:56 AM

i think its difficult to say how often gamblers win because we can not predict when we are win or not and its depend on our luck on the games itself even for pro gamblers, they can not give the right answer because they only playing gambling and win the games so i think i am not sure about this.

Yeah, Agreed that it's difficult to predict how often gamblers win since gambling is a luck based game. But for me, it's still depend on what kind of gambling game you are playing since there are other game that can be based on strategy too but still it needs luck. So yeah there would be no right answer to this. But remember that not all people care if they win or not since some of them just gamble for fun.

There are ways to determine this by classifying your bets and times if you are not lazy.
Seriously, you can do that by taking your profits and losses on one side and dates on the other, and see that which week made you how much profit/loss and you can see and decide that where and how you win or lose.

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Quote from: traderethereum on November 09, 2016, 07:55:56 AM

i think its difficult to say how often gamblers win because we can not predict when we are win or not and its depend on our luck on the games itself even for pro gamblers, they can not give the right answer because they only playing gambling and win the games so i think i am not sure about this.

Yeah, Agreed that it's difficult to predict how often gamblers win since gambling is a luck based game. But for me, it's still depend on what kind of gambling game you are playing since there are other game that can be based on strategy too but still it needs luck. So yeah there would be no right answer to this. But remember that not all people care if they win or not since some of them just gamble for fun.

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Maybe It can be possible that there's one or maybe more that two gamblers that can make gambling for a living but i don't have any idea on how often do gamblers win maybe they are having a day or week intervals before going back to gambling after the instances of winning .

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Quote from: xuan87 on November 09, 2016, 07:09:18 AM

The answer to the question is seldom, most of the time the gambler will lose, either it was lose due to the bad luck or didn't know when to stop, I can see more people become bankrupt rather than become rich in gambling, i think the casino had ways to earn profit from us, so that's why don't hope too high in gambling, and gamble with responsible

Indeed and just as expected on gambling, we cant really guarantee profits on it and in the long run most gamblers would surely experience loss of money and thats the reality on gambling thats why we shouldnt be shocked if we loss easily on it. Winners are only few compare to lossers.

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Quote from: camelson on September 06, 2016, 12:08:31 PM

How Often Do Gamblers Really Win?
New Data Provide Some Answers on the Real Odds for Gambling This really a nice article you people should read it.

The casino billboards lining America's roadways tantalize with the lure of riches. "Easy Street. It's Only a Play Away," screams one in Arizona. "$7.1 Million Every Day. We're a Payout Machine," reads another.

But how often do gamblers really win? What are the chances that a gambler will win on a single day or over a longer period? Don't bother to ask the casinos. Although they gather vast quantities of data about their customers for marketing purposes, including win and loss tallies for many regulars, casinos keep such information a closely-guarded secret.

Now, thanks to an unprecedented trove of public data detailing the behavior of thousands of Internet gamblers over a two-year period, The Wall Street Journal can provide some answers.

On any given day, the chances of emerging a winner aren't too bad—the gamblers won money on 30% of the days they wagered. But continuing to gamble is a bad bet. Just 11% of players ended up in the black over the full period, and most of those pocketed less than $150. The skew was even more pronounced when it came to heavy gamblers. Of the top 10% of bettors—those placing the largest number of total wagers over the two years—about 95% ended up losing money, some dropping tens of thousands of dollars. Big losers of more than $5,000 among these heavy gamblers outnumbered big winners by a staggering 128 to 1. More: http://www.wsj.com/articles/SB10001424052702304626104579123383535635644

What this data is showing it is known to all gamblers but then also they are trying their luck but they just forget about playing for short time and when they go for long time they lose in the end.

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i think its difficult to say how often gamblers win because we can not predict when we are win or not and its depend on our luck on the games itself even for pro gamblers, they can not give the right answer because they only playing gambling and win the games so i think i am not sure about this.

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Quote from: Golftech on November 09, 2016, 07:30:26 AM

Quote from: xuan87 on November 09, 2016, 07:09:18 AM

The answer to the question is seldom, most of the time the gambler will lose, either it was lose due to the bad luck or didn't know when to stop, I can see more people become bankrupt rather than become rich in gambling, i think the casino had ways to earn profit from us, so that's why don't hope too high in gambling, and gamble with responsible

well its design to have an advantage agaisnt us but like what you've said if we are responsible and we know when to stop we can make a good position and we will possibly earn from gambling but since that greediness really eaten us we should know how to control that and begin to become a responsible gambler make some assessment if that wont work just stop and don't gamble anymore.

There's no room for greedy people in gambling if your aim is to make money, you will achieve the opposite as mot likely you will just be donating your hard earned money in bitcoin and what you will experience is just a temporary win. No method in gambling and pure emotions will make you lose.

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Quote from: xuan87 on November 09, 2016, 07:09:18 AM

The answer to the question is seldom, most of the time the gambler will lose, either it was lose due to the bad luck or didn't know when to stop, I can see more people become bankrupt rather than become rich in gambling, i think the casino had ways to earn profit from us, so that's why don't hope too high in gambling, and gamble with responsible

well its design to have an advantage agaisnt us but like what you've said if we are responsible and we know when to stop we can make a good position and we will possibly earn from gambling but since that greediness really eaten us we should know how to control that and begin to become a responsible gambler make some assessment if that wont work just stop and don't gamble anymore.

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The answer to the question is seldom, most of the time the gambler will lose, either it was lose due to the bad luck or didn't know when to stop, I can see more people become bankrupt rather than become rich in gambling, i think the casino had ways to earn profit from us, so that's why don't hope too high in gambling, and gamble with responsible

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these are mostly things that we have already known, at least those of us that have been gambling for a hile know this pretty well.

Quote from: camelson on September 06, 2016, 12:08:31 PM

How Often Do Gamblers Really Win?
New Data Provide Some Answers on the Real Odds for Gambling This really a nice article you people should read it.

But how often do gamblers really win? What are the chances that a gambler will win on a single day or over a longer period? Don't bother to ask the casinos.

i agree that it was a good article.
but i don't need an article nor i need to ask a casino to know how much gamblers win, i already have a feeling about that.

Quote

On any given day, the chances of emerging a winner aren't too bad

well, that doesn't sound to be completely right because chances of winning or losing are always the same. you just don't feel the losses at first because there is still money in your pocket.

Quote

But continuing to gamble is a bad bet.

that is another good point. no matter you win or lose you should stop before the big loss appears.

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Quote from: wuvdoll on November 09, 2016, 04:09:26 AM

Quote from: puremage111 on November 08, 2016, 11:10:48 PM

in a chinese quotes

10 people who bet, 9 loses, only 1 win

Well i guess its true, even most casino, betting edge is only 1%, because of human's nature, we tend to lose more than we win, else casino will not make profit

True. Because I am unable to remember when the last time I completed a day with gambling with profits. I remember I have made some profits in gambling but never finished a day and withdrawn profits. Maybe the reasons are failure of emotion control and being greedy, just to multiply my profits I was never successful to finish my gambling with profits.

That is because we do not have a proper game plan, and if we have we failed to follow it because we want to have a bigger win even having only a little amount of money. Don't worry man, I belong with the group, I am also a big loser in gambling and I think I will not ever win.

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Quote from: puremage111 on November 08, 2016, 11:10:48 PM

in a chinese quotes

10 people who bet, 9 loses, only 1 win

Well i guess its true, even most casino, betting edge is only 1%, because of human's nature, we tend to lose more than we win, else casino will not make profit

True. Because I am unable to remember when the last time I completed a day with gambling with profits. I remember I have made some profits in gambling but never finished a day and withdrawn profits. Maybe the reasons are failure of emotion control and being greedy, just to multiply my profits I was never successful to finish my gambling with profits.

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in fact it was all different in each person. Well, there are people who always win because it has its own way of doing gambling, and there are many who always lose even in large numbers. very difficult to predict such things as gambling players prefer to enjoy every game they play from the count calculates a matter of win

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in a chinese quotes

10 people who bet, 9 loses, only 1 win

Well i guess its true, even most casino, betting edge is only 1%, because of human's nature, we tend to lose more than we win, else casino will not make profit

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Quote from: klf on November 08, 2016, 10:47:10 PM

Quote from: bithasher on November 08, 2016, 11:08:02 AM

I will say still large number of gamblers are winning often but if we compare this number with those who loose more then there will be difference. What I have seen in physical casinos many people wins in short term but they don't have full stop at their greed or limit of making money and they end at loosing.

You say at the end they lose back to the house for whatever reason than I don't call them winners but they also in the list of losers. If you withdraw your money when you win then consider it as a winner. As per me gambling should be played only for fun and entertainment and shouldn't be used or counted how many times we lost and wins.

It's just a temporary win but that is good for us as we do celebrate whenever we win. It is the happiest day of our lives when we win and though we lose in the long run but what is important is we can experience some win in our life also. If you want profit you invest in gambling sites and that is the only option.

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Quote from: bithasher on November 08, 2016, 11:08:02 AM

I will say still large number of gamblers are winning often but if we compare this number with those who loose more then there will be difference. What I have seen in physical casinos many people wins in short term but they don't have full stop at their greed or limit of making money and they end at loosing.

You say at the end they lose back to the house for whatever reason than I don't call them winners but they also in the list of losers. If you withdraw your money when you win then consider it as a winner. As per me gambling should be played only for fun and entertainment and shouldn't be used or counted how many times we lost and wins.

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Quote from: tabas on November 08, 2016, 08:34:12 PM

Quote from: bbc.reporter on November 08, 2016, 07:55:53 PM

You have to question yourself why you are gambling. If you are gambling to win then you are either scamming yourself or would have to acquire the correct skills and then gamble in more skill based games like poker, black jack or sportsbetting. Most casino games make people lose because the house has the edge. You are already a loser before you even sat on the table.

I think the word scamming yourself is not appropriate when a person is gambling. It's either he just doing it because he just can't help himself to stop and thinks that it can be a good source of income. Because even there might be losing still there have a chance of winning but not that too often. But you are right with it on those casino games, considered as loser already upon sitting.

You will only think you are scamming yourself when in the first place you have already accepted that you lose in the game. Real gamblers does not act like that, they are more optimistic that they will win despite of the house advantage of a certain site.

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Quote from: bbc.reporter on November 08, 2016, 07:55:53 PM

You have to question yourself why you are gambling. If you are gambling to win then you are either scamming yourself or would have to acquire the correct skills and then gamble in more skill based games like poker, black jack or sportsbetting. Most casino games make people lose because the house has the edge. You are already a loser before you even sat on the table.

I think the word scamming yourself is not appropriate when a person is gambling. It's either he just doing it because he just can't help himself to stop and thinks that it can be a good source of income. Because even there might be losing still there have a chance of winning but not that too often. But you are right with it on those casino games, considered as loser already upon sitting.

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You have to question yourself why you are gambling. If you are gambling to win then you are either scamming yourself or would have to acquire the correct skills and then gamble in more skill based games like poker, black jack or sportsbetting. Most casino games make people lose because the house has the edge. You are already a loser before you even sat on the table.

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Quote from: dunfida on November 08, 2016, 10:11:55 AM

Winning percentage on playing gambling cant be counted hence there are some games do differ on percentage on winning it , ex. slot games compare to sports betting we could really say that sports betting have the edge because you could able to lessen the risk of lossing up thats why we cant conclude this kind of computations .

the only sure thing are the winning will not more often than your losing , isn't it?

as the house edge always better on keeping te line , we are a poor gambler will never break the house and as the result most gambler have negative profit status get more losing often.

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That doesn't pose as a surprise. Gambling does not provide profit in the long run, it was not made for that.
I still believe poker and sports betting could be the only exceptions to this, if you know what you are doing, bu even there is hard, since the odds offered for sports betting are not that high, given the real chance of winning.

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The article date is 2013 seem like the data is not accurate for nowadays.
Well the article is given to gambler to don't much gamble, according to the article, 95% ended up losing money. it's give the house more profit.

Quote from: freedomgo on November 08, 2016, 07:39:30 AM

Well base on experience, when in gambling we lose more than we win. Meaning we have more loses than our winning record. That is happening because gambling has a house edge and we are beaten in the long run. Smart people understand that reality and they only play for fun.

That's why don't expect profit from gambling, its can be a boomerang.

Quote from: clickerz on November 08, 2016, 08:45:06 AM

Quote from: olubams on November 08, 2016, 07:13:31 AM

In my own opinion, the number of chances of winning or losing is not in any way dependent on the number of plays because its on probability and thats it because I have seen someone play several times and still end up losing while we have seen someone play only a few times and won big. Even whatever strategy one might have in mind or even implement is not a determining factor to winning...

depends on Probability or I find it random or purely luck. As I do not have bases, we ca not really determine how often a gambler wins. If it is played online, I will credit it to luck and nothing else. Grin

Mostly purely luck, but some games which required skill to play, have more chance to win(depends on your skill too), usually mood is could be a decisive factor.

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I'm not sure about the numbers in the article , but it's a fact that the more you gamble the more you should expect to lose
even in theory if you want to double your money in gambling you should try to do that in one bet rather than keep betting small amount over and over again ( trying to reach your goal by wagering less )
also the fact that people tend to spend more time and enjoy the ride in real casinos >> more wagers I guess

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I will say still large number of gamblers are winning often but if we compare this number with those who loose more then there will be difference. What I have seen in physical casinos many people wins in short term but they don't have full stop at their greed or limit of making money and they end at loosing.

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Quote from: Golftech on November 08, 2016, 10:39:31 AM

Quote from: dunfida on November 08, 2016, 10:11:55 AM

Winning percentage on playing gambling cant be counted hence there are some games do differ on percentage on winning it , ex. slot games compare to sports betting we could really say that sports betting have the edge because you could able to lessen the risk of lossing up thats why we cant conclude this kind of computations .

i agree with your statement because of that difference a big jackpot coming from slots can be a week of betting inside sports bets , its really hard to say whether gamblers do good winnings aside from those pro who have a good judgement with the games they played, since pro already knew when to stop or when to continue using their skills and lessen the possibility of getting completely burned out.

This is also comes to my mind which we cant really count off the winning percentage of all gamblers out there who do plays different kind of games . They have their own field and winning rate is also different, i agree with you there are really people who are already proffessional on some gambling games which they could able to increase the chance of winning.

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Quote from: dunfida on November 08, 2016, 10:11:55 AM

Winning percentage on playing gambling cant be counted hence there are some games do differ on percentage on winning it , ex. slot games compare to sports betting we could really say that sports betting have the edge because you could able to lessen the risk of lossing up thats why we cant conclude this kind of computations .

i agree with your statement because of that difference a big jackpot coming from slots can be a week of betting inside sports bets , its really hard to say whether gamblers do good winnings aside from those pro who have a good judgement with the games they played, since pro already knew when to stop or when to continue using their skills and lessen the possibility of getting completely burned out.

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Winning percentage on playing gambling cant be counted hence there are some games do differ on percentage on winning it , ex. slot games compare to sports betting we could really say that sports betting have the edge because you could able to lessen the risk of lossing up thats why we cant conclude this kind of computations .

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Yes maybe I trust the data. You really any casino definitely has more accurate data so that they suffered heavy losses. I very rarely a gambler who really won and may not even exist 15%. As every gambler winning big definitely been some defeats and with a big bet, so winning is not really a real win.

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Quote from: clickerz on November 08, 2016, 08:45:06 AM

Quote from: olubams on November 08, 2016, 07:13:31 AM

In my own opinion, the number of chances of winning or losing is not in any way dependent on the number of plays because its on probability and thats it because I have seen someone play several times and still end up losing while we have seen someone play only a few times and won big. Even whatever strategy one might have in mind or even implement is not a determining factor to winning...

depends on Probability or I find it random or purely luck. As I do not have bases, we ca not really determine how often a gambler wins. If it is played online, I will credit it to luck and nothing else. Grin

We can't really say and point out on how does a gambler wins whether he is lucky, using some proper Mathematics and timing or he is in favor of the house. We don't have bases for it but I guess gamblers doesn't often win. Because most of the time they are often losing for it happened to me, very few times of winning but a lot of times for losing.

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Gamblers won very rare. When you go into a dice site you can see that only few has a positive profit. Like its very rare to see a player who has a positive profit actually. The scenario is something like this you can win once in a week and after that you will lose the rest of the week or you can only win once in every month and then lossing for the rest. Having a profit is very rare.

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Quote from: olubams on November 08, 2016, 07:13:31 AM

In my own opinion, the number of chances of winning or losing is not in any way dependent on the number of plays because its on probability and thats it because I have seen someone play several times and still end up losing while we have seen someone play only a few times and won big. Even whatever strategy one might have in mind or even implement is not a determining factor to winning...

depends on Probability or I find it random or purely luck. As I do not have bases, we ca not really determine how often a gambler wins. If it is played online, I will credit it to luck and nothing else. Grin

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Quote from: carlfebz2 on November 08, 2016, 07:45:48 AM

Quote from: BTCLovingDude on November 08, 2016, 07:31:18 AM

you can't really give any statistics on that because gambling is not limited to only one or two types of games and there is a wide variety of them available that we can only see a very small part of it online with bitcoin gambling sites.

on the other hand, it depends on the game. for example in a dice game gamblers surely have a bigger loss counts than wins because of the house edge. but in other games like sports betting if you know your games you can have a much better statistics hence a much higher win rate percentage.

I agree with you regarding on your statement, theres no exact statistics regarding into these things because there are lots of variety and types of gambling which we cant really tally up all those ratio regarding on lossers and winners but one thing is for sure, there are lots of lossers compare to winners and that's the reality of gambling. Those who win are lucky ones on that particular day.

Indeed mate. It's going to be a useless statistics because gambling is a game of prediction and no matter how lucky you are.. like for dice games, slot machines, etc. are some games that really doesn't need a ratio its still a matter of luck and you will still lose at the end of the day or even in the long run.

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Quote from: BTCLovingDude on November 08, 2016, 07:31:18 AM

you can't really give any statistics on that because gambling is not limited to only one or two types of games and there is a wide variety of them available that we can only see a very small part of it online with bitcoin gambling sites.

on the other hand, it depends on the game. for example in a dice game gamblers surely have a bigger loss counts than wins because of the house edge. but in other games like sports betting if you know your games you can have a much better statistics hence a much higher win rate percentage.

I agree with you regarding on your statement, theres no exact statistics regarding into these things because there are lots of variety and types of gambling which we cant really tally up all those ratio regarding on lossers and winners but one thing is for sure, there are lots of lossers compare to winners and that's the reality of gambling. Those who win are lucky ones on that particular day.

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Well base on experience, when in gambling we lose more than we win. Meaning we have more loses than our winning record. That is happening because gambling has a house edge and we are beaten in the long run. Smart people understand that reality and they only play for fun.

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you can't really give any statistics on that because gambling is not limited to only one or two types of games and there is a wide variety of them available that we can only see a very small part of it online with bitcoin gambling sites.

on the other hand, it depends on the game. for example in a dice game gamblers surely have a bigger loss counts than wins because of the house edge. but in other games like sports betting if you know your games you can have a much better statistics hence a much higher win rate percentage.

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Quote from: digaran on November 08, 2016, 05:32:30 AM

If there was no win and gain I assure you that no one ever would'v played in any gambling sites.
Of course there are times when someone wins big but that person can also lose big as well and you should always account for the lose than winning.

In my own opinion, the number of chances of winning or losing is not in any way dependent on the number of plays because its on probability and thats it because I have seen someone play several times and still end up losing while we have seen someone play only a few times and won big. Even whatever strategy one might have in mind or even implement is not a determining factor to winning...

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If there was no win and gain I assure you that no one ever would'v played in any gambling sites.
Of course there are times when someone wins big but that person can also lose big as well and you should always account for the lose than winning.

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Quote from: Indrawan77 on September 07, 2016, 04:36:56 AM

Its really rare that a gambler can win in gambling, most of the time the gambler will lost it to casino, that is why there are a lot of casino appear, maybe from 20 times playing the gambler can win 1 or 2 times only of they are lucky

yes that is a fact that the winning percentage in casino gambling is very rare, one can be lucky very often, but in sports gambling the winning percentage is a little more that casino gambling, it is my personal experience in the world of gambling.

same21

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I my opinion regarding how often do you gamblers really. I think it cannot be measured as some winnings do happen by luck and some by proven techniques that had come from a series of in-depth experience with gambling. Some winnings are done due to pure fighting spirits and intuition. I guess if you apply all, then you must be lucky one day.

LFC_Bitcoin

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It's a bit of a sketchy question & a topic that is pointless analysing. You're never going to be able to figure out 'how often gamblers win'.

It depends on so, so, so many things that you're never going to be able to get the correct answer.

Nahl

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i think those data has pretty accurate because like or not this is the fact that over than 50% from the gamblers in the world losing their money during a gambling and only 30% or less has been experience to won and that's why for those who have physical casinos or online casinos they were became more richer day by day

futurebit640

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Quote from: Indrawan77 on September 07, 2016, 04:36:56 AM

Its really rare that a gambler can win in gambling, most of the time the gambler will lost it to casino, that is why there are a lot of casino appear, maybe from 20 times playing the gambler can win 1 or 2 times only of they are lucky

I agree that in gambling winning percentage is always favour to house edge, and yes because of that there are a lot of casino's existing. But players also have chance to make money here not in slot games. In sports betting, they have a chance to make a profit. And some people may do long run a profit in sports betting.

TraderETH

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I don't too often win on playing gambling, usualy more much lost than win in every weeks i have played gambling about 3-4 Times and lost 2 time and win 1 time and it is not becoming problem because just a little bitcoin.

electronicfactura

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I wonder how anybody can sell the secret of that method with the help of it he can generate a lot of money every day. That sounds fishy and I don't believe into that kind of method or strategies. That is why there is no possible way of like that to make daily guaranteed money.

dunfida

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Quote from: Caladonian on September 07, 2016, 04:21:01 AM

Quote from: tabas on September 07, 2016, 02:06:39 AM

Quote from: lite on September 06, 2016, 01:43:25 PM

Gambling for long period is a bad idea, but we do it anyways. we hope that we'll win something big that's why we keep on gambling, the fact is we never win.

Gambling for long period for normal gamblers is not really a good thing because the only beneficiary of it are the gambling site owners. And it is really hard to believe that a gambler is going to win often times. But what is happening is that gamblers are just losing daily rather than winning no matter how long they have been gambling.

But it is also true that theres someone who make gambling for a living as they made it as a profession eapecially those who played with sports bettig they can survive long winning streak and earned enough.

i do heared also that someone is making a living in sports betting which is somehow amazing since gambling is a risky thing and doesnt even guarantee you to make profits almost everyday which is very impossible to happen but there are really people who make living with it. Some may be experienced enough and some gained some good tips about in sport betting.

ronaldo40

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Quote from: lite on September 06, 2016, 01:43:25 PM

Gambling for long period is a bad idea, but we do it anyways. we hope that we'll win something big that's why we keep on gambling, the fact is we never win.

yes you are right, but without us knowing I playing gambling for a longer period. even 3 years playing and yeah result too much to lose. but I also often get a jackpot, so that makes me continue to play.

Indrawan77

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Its really rare that a gambler can win in gambling, most of the time the gambler will lost it to casino, that is why there are a lot of casino appear, maybe from 20 times playing the gambler can win 1 or 2 times only of they are lucky

Caladonian

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Quote from: tabas on September 07, 2016, 02:06:39 AM

Quote from: lite on September 06, 2016, 01:43:25 PM

Gambling for long period is a bad idea, but we do it anyways. we hope that we'll win something big that's why we keep on gambling, the fact is we never win.

Gambling for long period for normal gamblers is not really a good thing because the only beneficiary of it are the gambling site owners. And it is really hard to believe that a gambler is going to win often times. But what is happening is that gamblers are just losing daily rather than winning no matter how long they have been gambling.

But it is also true that theres someone who make gambling for a living as they made it as a profession eapecially those who played with sports bettig they can survive long winning streak and earned enough.

hua_hui

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Quote from: zend7 on September 07, 2016, 04:05:32 AM

I think that article is outdated now because its from 2013 , almost 3 years ago without 1 month. Thats the case in every other casino house and not just the bwin which is the case study of the article. I don't agree with that being common that gamblers in the long run lose, I have seen not every one losses but the majority of them which is expected otherwise no bwin websites would still exist. This is a good article for starting out gamblers to not rush and place wager after wager without doing any research. I have learned from the tipsters I follow that they always read a few statistics as minimum before betting on that event.

Data may be outdated but the data is still very useful for future research. That is why investment book like the millionaire next door and a random walk down wall street are still hugely popular for people to read. It is able to provide insights that can last for generation.

zend7

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I think that article is outdated now because its from 2013 , almost 3 years ago without 1 month. Thats the case in every other casino house and not just the bwin which is the case study of the article. I don't agree with that being common that gamblers in the long run lose, I have seen not every one losses but the majority of them which is expected otherwise no bwin websites would still exist. This is a good article for starting out gamblers to not rush and place wager after wager without doing any research. I have learned from the tipsters I follow that they always read a few statistics as minimum before betting on that event.

tabas

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Quote from: lite on September 06, 2016, 01:43:25 PM

Gambling for long period is a bad idea, but we do it anyways. we hope that we'll win something big that's why we keep on gambling, the fact is we never win.

Gambling for long period for normal gamblers is not really a good thing because the only beneficiary of it are the gambling site owners. And it is really hard to believe that a gambler is going to win often times. But what is happening is that gamblers are just losing daily rather than winning no matter how long they have been gambling.

Universat

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i think there is not a fixed ratio about winning or loosing in gambling, it mostly depend on luck, if you are luck then you can even continuously win 20 game in a row, but if you are not luck you can even lose more than 10 in single day.

PeRo

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Winnings in gambling and casinos are just stories from people wishing they won. Gamblers actually do not win as often as they claim to win, and usually some gamblers claim that they won several times and big amounts, yet they have never won a single game or a high-roller game. Gamblers just try to make themselves feel better by lying to others and most importantly, to themselves, do not believe in such stories.

lite

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Gambling for long period is a bad idea, but we do it anyways. we hope that we'll win something big that's why we keep on gambling, the fact is we never win.

ethereumhunter

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the gambler will lose the money and the casino will take the money and thats for sure. if we don't think for the next step in gamble while we only got lose in every time we gamble, then we can lose all of our money and its really bad idea if we continue to gamble.

i think when we gamble, we should make some budget and we should quit after the budge is gone and don't try to put another budge if we only get lose everytime.

Robertqueen2

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I am not surprised , I know that all casinos earn thousands and millions of Dollars every period of time due to the popularity of the casino , if this fact not true , you won't watch new casinos appear every month , it is very profitable way , or we can say , the casino is a money machine for its owner .

The Sceptical Chymist

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So the upshot is that the longer you gamble, the more probabe it is that you're going to end up a loser. That's the business model of casinos, and they've known this forever. It's the gamblers who seem unable to grasp this.

camelson

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How Often Do Gamblers Really Win?
New Data Provide Some Answers on the Real Odds for Gambling This really a nice article you people should read it.

The casino billboards lining America's roadways tantalize with the lure of riches. "Easy Street. It's Only a Play Away," screams one in Arizona. "$7.1 Million Every Day. We're a Payout Machine," reads another.

But how often do gamblers really win? What are the chances that a gambler will win on a single day or over a longer period? Don't bother to ask the casinos. Although they gather vast quantities of data about their customers for marketing purposes, including win and loss tallies for many regulars, casinos keep such information a closely-guarded secret.

Now, thanks to an unprecedented trove of public data detailing the behavior of thousands of Internet gamblers over a two-year period, The Wall Street Journal can provide some answers.

On any given day, the chances of emerging a winner aren't too bad—the gamblers won money on 30% of the days they wagered. But continuing to gamble is a bad bet. Just 11% of players ended up in the black over the full period, and most of those pocketed less than $150. The skew was even more pronounced when it came to heavy gamblers. Of the top 10% of bettors—those placing the largest number of total wagers over the two years—about 95% ended up losing money, some dropping tens of thousands of dollars. Big losers of more than $5,000 among these heavy gamblers outnumbered big winners by a staggering 128 to 1. More: http://www.wsj.com/articles/SB10001424052702304626104579123383535635644

Topic: How Often Do Gamblers Really Win? (Read 2699 times)