Topic: is gambling fix your life? or wreck your life? - page 170. (Read 164207 times)
I played once without fear my faucet, and won about 0.15, since then, no more, so it happens about a lucky day or something like that that must trigger your luck.
It seems that most of you posting here should read a trading book called " TRADING IN THE ZONE" by Mark Douglas. And you will find out why you lost all your money, its not about the house edge its about emotions. That's why its easy for whales to bet large sums of money without fear and they make big bucks.
I prefer strategic gambling with amount that I can afford to lose. No gmabler become suddently rich by gmabling, let alone being billionaire.
I completely agree with RussianRaibow that if you have strategy of gambling you will definitely become winner. The thing is you need to aware about your strategies and platform where you are playing; for example, I usually play at https://www.lottosignals.com/online b'coz
it not only provides the platform to purchase lottery tickets from different lottery websites but it gives tips and suggestions as well. So first search the platform you can trust and who guides you properly and then invest your money.
If you will "definitely" become a winner, it's not gambling. As long as you are gambling, there is no promise that you will profit, regardless of your strategy. Also, as lotteries go, there is no strategy involved. It's nothing more than luck, and certainly not definite.
Rules to dont become a failure of a degenerate gambler like tennis (who doesn't know him?if you are reading this tennis I'm just giving a reference for past actions)
1)decide a budget
2)split that budget between 3 different disciplines( poker,dice,slots?)
3)Don't go over that budget.
1)decide a budget
2)split that budget between 3 different disciplines( poker,dice,slots?)
3)Don't go over that budget.
I prefer strategic gambling with amount that I can afford to lose. No gmabler become suddently rich by gmabling, let alone being billionaire.
I completely agree with RussianRaibow that if you have strategy of gambling you will definitely become winner. The thing is you need to aware about your strategies and platform where you are playing; for example, I usually play at https://www.lottosignals.com/online b'coz
it not only provides the platform to purchase lottery tickets from different lottery websites but it gives tips and suggestions as well. So first search the platform you can trust and who guides you properly and then invest your money.
Thats a kelly criterion, basically it depends on the house on wether if they want to increase or decrease the maximum profit. Corrected some math of yours, it should be
It could be either 0.5x ; 1x ; 1.5x or 2x if they house are willing to take up some risk in order to lure in whale to gamble
Code:
1 x House Edge x Bankroll
It could be either 0.5x ; 1x ; 1.5x or 2x if they house are willing to take up some risk in order to lure in whale to gamble
But how is Just-dice able to set their max profit so high?
The number I see there:
Site invested: 554,737.47504713
Max profit: 136,569.72
Like the others have said its because most likely most gamblers won't even risk that much and if they do they will most likely end up going bust. Then there is also the house edge which is going against them.
When it comes to Sports Betting, the general rule is wager 1-3% of your bankroll.
Therefore with a $1,000 bankroll (what your willing to lose), your wagers should range between $10 to $30.
Once you reach $2,000 your wagers will increase accordingly $20 to $60 per game and so on.
If you risk amounts that are too large (10% or more), a bad streak can quickly wipe you out.
Key is to stay disciplined, its a marathon not a sprint.
so i have learnt to keep it together when i lose and give it some time
This doesnt actually affect anything to the outcome of your gamble. People tend to believe that they could do something to change their "luck" which you can see from how many people that actually thinks that there are "magic seed" that helps them to win, being completely delusional about having a strategy that will make them rich or such.
In fact this sort of thing should have no effect to the outcome because you are bond to fail if you are unlucky no matter what you did. The same thing as you are doing, you seems to be "charging your luck" while in fact it has no effect at all because you are bound to lose if it is so even or win if your luck says so even if you decided to chase your lost right away ( some people did and they got back their lost )
P.S : this is considering you are playing it blindly and utilizing the "smart way" to lower the edge of course
i just give up gambling after a losing streak because i get so frustrated if i lose a big amount of money and don't make any back.
you are right , logically nothing should have any effect on the outcome of your gamble. but it is always fun to have these superstitions about something like a "magic seed" that helps you win
besides i am not gambling to get rich or anything, but i don't want to be bankrupt either
Gambling is don't fix life. ..its just timepass game...
If you are expecting gambling to fix you life it will probably wreck it.
I think you can only gamble with money you allow yourself to lose, so according to that you are not suppose to expect it to fixe your life, because you don't need that money, so it does not make a difference.
If you do that, then you may start doing it for fun, and be able to continue if you find out that you are good, or just stop if you see that you are bad at it, and it's not that fun anymore, but in both scenarios you are in complete control and nor risking your life.
I did it. Never risk a dime of my real money, because I started out with poker freerolls. I used that money to explore the signup bonus of betting sites, and I made decent money and was even able to pay college with the regular profit.
When the signup bonus where over, I started using some of the money I collected to trade etc, meaning that now I was risking my one money since I could just withdraw it, and I found out that I was bad at it lol and I stopped.
Every time I get some money I can lose (like holliday money that you sepnd and you are ok with it) I try new strategys etc
So for me, it did not save my life or wreck it, and I don't think it will ever do either of those things.
I think you can only gamble with money you allow yourself to lose, so according to that you are not suppose to expect it to fixe your life, because you don't need that money, so it does not make a difference.
If you do that, then you may start doing it for fun, and be able to continue if you find out that you are good, or just stop if you see that you are bad at it, and it's not that fun anymore, but in both scenarios you are in complete control and nor risking your life.
I did it. Never risk a dime of my real money, because I started out with poker freerolls. I used that money to explore the signup bonus of betting sites, and I made decent money and was even able to pay college with the regular profit.
When the signup bonus where over, I started using some of the money I collected to trade etc, meaning that now I was risking my one money since I could just withdraw it, and I found out that I was bad at it lol and I stopped.
Every time I get some money I can lose (like holliday money that you sepnd and you are ok with it) I try new strategys etc
So for me, it did not save my life or wreck it, and I don't think it will ever do either of those things.
so i have learnt to keep it together when i lose and give it some time
This doesnt actually affect anything to the outcome of your gamble. People tend to believe that they could do something to change their "luck" which you can see from how many people that actually thinks that there are "magic seed" that helps them to win, being completely delusional about having a strategy that will make them rich or such.
In fact this sort of thing should have no effect to the outcome because you are bond to fail if you are unlucky no matter what you did. The same thing as you are doing, you seems to be "charging your luck" while in fact it has no effect at all because you are bound to lose if it is so even or win if your luck says so even if you decided to chase your lost right away ( some people did and they got back their lost )
P.S : this is considering you are playing it blindly and utilizing the "smart way" to lower the edge of course
one lesson I learned ,
never chase your losses:chasing your losses will usually just lead to bigger and bigger losses.
never chase your losses:chasing your losses will usually just lead to bigger and bigger losses.
or it could also lead to getting back your losses and may also end up in getting profit. I've experienced that also and it was a pretty fun roller coaster ride
every time i "chase my losses" as he put it, i end up losing more and more with every bet i make and finally i go bankrupt completely!
so i have learnt to keep it together when i lose and give it some time especially after the losses are getting big and out of hand. this way i can start up fresh later and make up for my losses.
one lesson I learned ,
never chase your losses:chasing your losses will usually just lead to bigger and bigger losses.
never chase your losses:chasing your losses will usually just lead to bigger and bigger losses.
or it could also lead to getting back your losses and may also end up in getting profit. I've experienced that also and it was a pretty fun roller coaster ride
one lesson I learned ,
never chase your losses:chasing your losses will usually just lead to bigger and bigger losses.
never chase your losses:chasing your losses will usually just lead to bigger and bigger losses.
Not really? I mean of course everyone deposits money to dice sites to win money, no one plays dice for fun but you dont call that greed. Greed and emotions wont affect your bet results, the only thing greed can do is make you come back after loosing to lose more which is what gambling addicts do
greed and emotions are part of psychology i think, and its could take an effect on your bet decision.
i agree with this, recovering all what you have lost in gambling was bad idea one of reasons people did it is greed.desire to get profit, impose themselves. everyone suggest to never do that.
Not on dice sites because it doesnt matter on what you bet or what odds you pick, its basically the same, sometimes even, ironically when you try to lose with a really low amount you end up winning a lot in a short period of time because you bet ''crazily''
I think the important part is to have a strategy to cover your loses and retain your game. If someone is in loss he has to have a cap on how much more he can afford to loose to recover the losses.
gambling is going to wreck everyone's life except the house.
all users are going to lose a lot of money on gambling while the house gathers all those money and gets richer and richer
all users are going to lose a lot of money on gambling while the house gathers all those money and gets richer and richer
-snip-
The most lucky man, Hufflepuff is the example although and it end he was being accuse for cheated
What are you trying to say exactly? No Hufflepuff is not a lucky guy but he cheated PrimeDice by exploiting a flaw in their system and of course a disgrace
For references if you had not read Stunna's article yet https://bitcointalksearch.org/topic/m.11755637
because lady of luck not works every time
This is how typical delusion to believe that it is pretty much everything is about luck. Most things is about luck however you can always get the upperhand and proffited yourself if you "know how" to get a Positive Expected Value (+EV) . By getting some sort of bonusses, giveaway and such that is lowering the house edge and thus some sites actually give a chance for their player to get +EV
Sites that give chances to the players to get a +EV if they "know how" is :
#1 Bustabit / TTM : with their bonus system per round and if you know how to do it properly then it is a +EV for you
More references here : https://www.bustabit.com/faq#bonusfunded
#2 Dadice : their jackpot system allow the player to have a massive edge over the house.
#3 All sites that have investment feature : being part of the house means you are getting the +EV yourself
I very much doubt anyone has become a billionaire threwthrough gambling
There is no doubt that there are some people that are rich through "gambling". It need some skill and "luck" which most people dont have. The winner of the WSOP will receive millions of USD which serve as a fact that some people are rich through "gambling". PrimeDice 100 BTC leaderboard would serve as another fact that someone could be "rich" from gambling and thats of course is just a niche of the whole example
The most lucky man, Hufflepuff is the example although and it end he was being accuse for cheated but at least he can successfully withdraw his huge winnings and he was spend his quality time for fun.
I'm wonder he will back again for try another luck but usually when people want to try another luck, mostly will busted
But how is Just-dice able to set their max profit so high?
The number I see there:
Site invested: 554,737.47504713
Max profit: 136,569.72
The number I see there:
Site invested: 554,737.47504713
Max profit: 136,569.72
Because most sites you risk a % of the money you invest, while Just-Dice allows you to risk a % of your total bankroll, even if only a small fraction of it is on-site. Like for most things, Dooglus has a great FAQ and full explanation if you're interested
Thanks for the advice.
Just checked the FAQs and if I get it correctly, Just-dice set its max profit as 0.5% * onsite+offsite bankroll, so it should have 27,313,944 invested in total.
I re-read the FAQs and realized investors can declare offsite coin before proving its existence. It looks like lots of investors have declared a crazy amount lol.
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