It is not worth it, right? | Bitcointalksearch.org

Hell-raiser

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Quote from: South Park on January 17, 2018, 03:48:22 PM

Quote from: Hell-raiser on January 14, 2018, 01:33:15 AM

Quote from: bitllionaire on January 13, 2018, 04:41:49 PM

Quote from: yoseph on January 12, 2018, 01:40:04 PM

I will not completely claim that gambling is not worth it neither will the recent winner of the Super Ball lottery jackpot who won nearly $600 M. It is only worth it when you eventually win the money other than that, its simply a waste of time and money.

I will tell you the problems of gamblers, I want to tell you why most of the gambling are not getting profit from gambling. The cause that every gambler always lost his money because he never wants to leave gambling and he has the greed for more winning if he wins a little. This greed took him to the worst situation and he leaves the game when he has nothing left. This is not right otherwise you will never save money.

I don't think this has anything to do with greed. If it were, after losing a little here and there, a truly greedy person would stop gambling and walk away because this very greed would prevent him from losing any more. In other words, his greed would make him loathe gambling in a short while. I suspect we should rather talk here about gambling addiction, which is not particularly different from, for example, alcohol or drug addiction.

Does greed have anything to do with these?

Greed is the desire to get more of something, more money, more cars, more fancy clothes, so those that gamble with a sense of greed do so because they envision themselves bankrupting the casino and getting all that money for themselves but as we know that is impossible and they hurt themselves as a result of their actions.

This is what people come for when they start gambling. But when they start losing is it really greed or something else already? In my view, it can't be greed because they are losing while greed is about earning. Really, how can they envision themselves rich and wealthy when reality kicks them straight in the face? People are stubborn as fuck and when they see losses, they are trying to win these losses back. I don't think we can really call them greedy, they are desperate, frantic, addicted, or whatever. How many people would be greedy in these circumstances?

Some emotions seem to be mutually exclusive.

gabmen

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Quote from: kryptorian on January 19, 2018, 06:19:41 AM

Quote from: Don Pedro Dinero on January 18, 2018, 04:05:33 PM

Quote from: kryptorian on January 18, 2018, 12:49:26 PM

Quote from: crwth on January 18, 2018, 06:02:16 AM

Quote from: kryptorian on January 18, 2018, 05:20:06 AM

Quote from: Barcode_ on January 17, 2018, 07:50:05 AM

Gambling does allows people to have the opportunity to be rich overnight, but of course the risk is much more higher as compare to trading or other traditional investment. I have indeed seen with my own eyes on a few gamblers becoming rich overnight by hitting a big jackpot in gambling.

But only a chosen few can actually monetize on this "opportunity" as you euphemistically call it. The rest come back shorn to their tight cubicles and noisy bosses on Monday mornings. So if you hit a huge jackpot and do become rich overnight, you should consider yourself an extremely lucky person. Or you can be happy with what you've got and gamble occasionally with your pocket money.

If you have the chance to win at a 1% chance that would give you a multiplier of 99 of your bet, that is already a great win but it doesn't make you instant rich because it will depend on the bet that you have. For example, you bet only 0.0002 on that that's closely near to 0.02. But if it is 0.002 that is already 0.2 that makes a lot of difference.

But this is exactly what I'm trying to convey here! If you have a 1% chance to win, that gives you only one man in a hundred who will become rich at these odds, while the rest of the gang will definitely lose. In real life, when the stakes are high, only one will make it into the wealth, the chosen one, with the others biting the dust for lack of luck. Would you want to take advantage of this unique "opportunity"?

That is a bad example. Nobody becomes rich by winning a 99 to 1 chance, unless that person is betting too much, in which case he will go bankrupt 99% of the times. The vast majority of players don’t bet that much.

Second, if odds are 99 to 1, the casino is always going to pay you less than 99.

And finally, when people hit a jackpot end up losing the money by betting again. Some even lose it the same day,

First off, thanks for your comment! It is always good to have a thorough discussion on things like these.

Further, your thinking that nobody wins or becomes rich at these odds makes a perfect example which actually proves my point. That was specifically to show how rare such an event should be and how much luck you should have to become rich on this so called "opportunity". So would you ever call it an opportunity, huh? Nah, I think this is pure luck at its best and double speak at its worst!

Well i agree. 1% chance isn't decent at all. That almost gives you no chance in hitting a jackpot and who in their right minds would bet a huge amount for that small a chance. Its destiny i think, for some people to have their lives changed by gambling but most of us aren't entitled to it.

GTX980Power

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Oh my god.. the amount of gamblers in here is extremely incredible, i joined this thread in order to give him a constructive reply, but it seems that everything in here is just a hard discussion. Came on guys, what is wrong with you? If he wants to gamble all his money, let's just him do it, after all, it is HIS money

kryptorian

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Quote from: Don Pedro Dinero on January 18, 2018, 04:05:33 PM

Quote from: kryptorian on January 18, 2018, 12:49:26 PM

Quote from: crwth on January 18, 2018, 06:02:16 AM

Quote from: kryptorian on January 18, 2018, 05:20:06 AM

Quote from: Barcode_ on January 17, 2018, 07:50:05 AM

Gambling does allows people to have the opportunity to be rich overnight, but of course the risk is much more higher as compare to trading or other traditional investment. I have indeed seen with my own eyes on a few gamblers becoming rich overnight by hitting a big jackpot in gambling.

But only a chosen few can actually monetize on this "opportunity" as you euphemistically call it. The rest come back shorn to their tight cubicles and noisy bosses on Monday mornings. So if you hit a huge jackpot and do become rich overnight, you should consider yourself an extremely lucky person. Or you can be happy with what you've got and gamble occasionally with your pocket money.

If you have the chance to win at a 1% chance that would give you a multiplier of 99 of your bet, that is already a great win but it doesn't make you instant rich because it will depend on the bet that you have. For example, you bet only 0.0002 on that that's closely near to 0.02. But if it is 0.002 that is already 0.2 that makes a lot of difference.

But this is exactly what I'm trying to convey here! If you have a 1% chance to win, that gives you only one man in a hundred who will become rich at these odds, while the rest of the gang will definitely lose. In real life, when the stakes are high, only one will make it into the wealth, the chosen one, with the others biting the dust for lack of luck. Would you want to take advantage of this unique "opportunity"?

That is a bad example. Nobody becomes rich by winning a 99 to 1 chance, unless that person is betting too much, in which case he will go bankrupt 99% of the times. The vast majority of players don’t bet that much.

Second, if odds are 99 to 1, the casino is always going to pay you less than 99.

And finally, when people hit a jackpot end up losing the money by betting again. Some even lose it the same day,

First off, thanks for your comment! It is always good to have a thorough discussion on things like these.

Further, your thinking that nobody wins or becomes rich at these odds makes a perfect example which actually proves my point. That was specifically to show how rare such an event should be and how much luck you should have to become rich on this so called "opportunity". So would you ever call it an opportunity, huh? Nah, I think this is pure luck at its best and double speak at its worst!

PuraPuraBego

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Quote from: LuanX3 on January 19, 2018, 02:04:29 AM

Quote from: Don Pedro Dinero on January 18, 2018, 04:05:33 PM

Quote from: kryptorian on January 18, 2018, 12:49:26 PM

Quote from: crwth on January 18, 2018, 06:02:16 AM

Quote from: kryptorian on January 18, 2018, 05:20:06 AM

Quote from: Barcode_ on January 17, 2018, 07:50:05 AM

Gambling does allows people to have the opportunity to be rich overnight, but of course the risk is much more higher as compare to trading or other traditional investment. I have indeed seen with my own eyes on a few gamblers becoming rich overnight by hitting a big jackpot in gambling.

But only a chosen few can actually monetize on this "opportunity" as you euphemistically call it. The rest come back shorn to their tight cubicles and noisy bosses on Monday mornings. So if you hit a huge jackpot and do become rich overnight, you should consider yourself an extremely lucky person. Or you can be happy with what you've got and gamble occasionally with your pocket money.

If you have the chance to win at a 1% chance that would give you a multiplier of 99 of your bet, that is already a great win but it doesn't make you instant rich because it will depend on the bet that you have. For example, you bet only 0.0002 on that that's closely near to 0.02. But if it is 0.002 that is already 0.2 that makes a lot of difference.

But this is exactly what I'm trying to convey here! If you have a 1% chance to win, that gives you only one man in a hundred who will become rich at these odds, while the rest of the gang will definitely lose. In real life, when the stakes are high, only one will make it into the wealth, the chosen one, with the others biting the dust for lack of luck. Would you want to take advantage of this unique "opportunity"?

That is a bad example. Nobody becomes rich by winning a 99 to 1 chance, unless that person is betting too much, in which case he will go bankrupt 99% of the times. The vast majority of players don’t bet that much.

Second, if odds are 99 to 1, the casino is always going to pay you less than 99.

And finally, when people hit a jackpot end up losing the money by betting again. Some even lose it the same day,

That is too true, 1% chance to win is will not really generate you money in fact you lose more quickly. First off, you will lose in the long run since you are really playing against the casino which has a house edge. Also, in the event you do win, then that is the time to cash out. If you made profits, quit already. There are so many gamblers that won something but in the end lost everything since they got greedy.

Probably of fair has proven, so possible of on right predict always be happen although only 0.01%. Aggre for LuanX3 were those gambling have a lossing if keeping to bets more, just thinking over able to make a casino bankpurt. At least, we should have a goal what's porpuse of gambling. we just need a double our money or more.

LuanX3

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Quote from: Don Pedro Dinero on January 18, 2018, 04:05:33 PM

Quote from: kryptorian on January 18, 2018, 12:49:26 PM

Quote from: crwth on January 18, 2018, 06:02:16 AM

Quote from: kryptorian on January 18, 2018, 05:20:06 AM

Quote from: Barcode_ on January 17, 2018, 07:50:05 AM

Gambling does allows people to have the opportunity to be rich overnight, but of course the risk is much more higher as compare to trading or other traditional investment. I have indeed seen with my own eyes on a few gamblers becoming rich overnight by hitting a big jackpot in gambling.

But only a chosen few can actually monetize on this "opportunity" as you euphemistically call it. The rest come back shorn to their tight cubicles and noisy bosses on Monday mornings. So if you hit a huge jackpot and do become rich overnight, you should consider yourself an extremely lucky person. Or you can be happy with what you've got and gamble occasionally with your pocket money.

If you have the chance to win at a 1% chance that would give you a multiplier of 99 of your bet, that is already a great win but it doesn't make you instant rich because it will depend on the bet that you have. For example, you bet only 0.0002 on that that's closely near to 0.02. But if it is 0.002 that is already 0.2 that makes a lot of difference.

But this is exactly what I'm trying to convey here! If you have a 1% chance to win, that gives you only one man in a hundred who will become rich at these odds, while the rest of the gang will definitely lose. In real life, when the stakes are high, only one will make it into the wealth, the chosen one, with the others biting the dust for lack of luck. Would you want to take advantage of this unique "opportunity"?

That is a bad example. Nobody becomes rich by winning a 99 to 1 chance, unless that person is betting too much, in which case he will go bankrupt 99% of the times. The vast majority of players don’t bet that much.

Second, if odds are 99 to 1, the casino is always going to pay you less than 99.

And finally, when people hit a jackpot end up losing the money by betting again. Some even lose it the same day,

That is too true, 1% chance to win is will not really generate you money in fact you lose more quickly. First off, you will lose in the long run since you are really playing against the casino which has a house edge. Also, in the event you do win, then that is the time to cash out. If you made profits, quit already. There are so many gamblers that won something but in the end lost everything since they got greedy.

Don Pedro Dinero

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Quote from: kryptorian on January 18, 2018, 12:49:26 PM

Quote from: crwth on January 18, 2018, 06:02:16 AM

Quote from: kryptorian on January 18, 2018, 05:20:06 AM

Quote from: Barcode_ on January 17, 2018, 07:50:05 AM

Gambling does allows people to have the opportunity to be rich overnight, but of course the risk is much more higher as compare to trading or other traditional investment. I have indeed seen with my own eyes on a few gamblers becoming rich overnight by hitting a big jackpot in gambling.

But only a chosen few can actually monetize on this "opportunity" as you euphemistically call it. The rest come back shorn to their tight cubicles and noisy bosses on Monday mornings. So if you hit a huge jackpot and do become rich overnight, you should consider yourself an extremely lucky person. Or you can be happy with what you've got and gamble occasionally with your pocket money.

If you have the chance to win at a 1% chance that would give you a multiplier of 99 of your bet, that is already a great win but it doesn't make you instant rich because it will depend on the bet that you have. For example, you bet only 0.0002 on that that's closely near to 0.02. But if it is 0.002 that is already 0.2 that makes a lot of difference.

But this is exactly what I'm trying to convey here! If you have a 1% chance to win, that gives you only one man in a hundred who will become rich at these odds, while the rest of the gang will definitely lose. In real life, when the stakes are high, only one will make it into the wealth, the chosen one, with the others biting the dust for lack of luck. Would you want to take advantage of this unique "opportunity"?

That is a bad example. Nobody becomes rich by winning a 99 to 1 chance, unless that person is betting too much, in which case he will go bankrupt 99% of the times. The vast majority of players don’t bet that much.

Second, if odds are 99 to 1, the casino is always going to pay you less than 99.

And finally, when people hit a jackpot end up losing the money by betting again. Some even lose it the same day,

kryptorian

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Quote from: crwth on January 18, 2018, 06:02:16 AM

Quote from: kryptorian on January 18, 2018, 05:20:06 AM

Quote from: Barcode_ on January 17, 2018, 07:50:05 AM

Gambling does allows people to have the opportunity to be rich overnight, but of course the risk is much more higher as compare to trading or other traditional investment. I have indeed seen with my own eyes on a few gamblers becoming rich overnight by hitting a big jackpot in gambling.

But only a chosen few can actually monetize on this "opportunity" as you euphemistically call it. The rest come back shorn to their tight cubicles and noisy bosses on Monday mornings. So if you hit a huge jackpot and do become rich overnight, you should consider yourself an extremely lucky person. Or you can be happy with what you've got and gamble occasionally with your pocket money.

If you have the chance to win at a 1% chance that would give you a multiplier of 99 of your bet, that is already a great win but it doesn't make you instant rich because it will depend on the bet that you have. For example, you bet only 0.0002 on that that's closely near to 0.02. But if it is 0.002 that is already 0.2 that makes a lot of difference.

But this is exactly what I'm trying to convey here! If you have a 1% chance to win, that gives you only one man in a hundred who will become rich at these odds, while the rest of the gang will definitely lose. In real life, when the stakes are high, only one will make it into the wealth, the chosen one, with the others biting the dust for lack of luck. Would you want to take advantage of this unique "opportunity"?

RealPhotoshoper

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Quote from: nidacoinlove on January 14, 2018, 12:33:39 PM

Quote from: MMA on January 13, 2018, 04:48:27 PM

Quote from: pinggoki on January 13, 2018, 10:03:34 AM

Actually gambling has no good effect even if they say that for entertainment purpose only, what if you lose do you think it will be okay for you? No, right? Because you will do everything inorder to retrieve all of those money that you lost. However, it is still depend on us on how we will manage our time and money upon it.

I think that in most of the culture and society look gambling in a good sense. A gambler has a bad reputation in the community and overall people don’t like gambling and gambler as well. That’s why a gambler has never benefited from gambling. When something is not good how you can take benefit from that. I want all the people to leave gambling and work hard to earn money and not from gambling.

It makes sense quite a bit because most of addicted gamblers are bankrupt at the end who become no less than ulcer for the society. I think gambling is only a hobby for the upper class who are wealthy enough to bear loses also they are quite cool than the others. They know to how and when to end up the rounds. There are a lot of wealthy gamblers but none of them receives hate from the surroundings if they win or lose they don't really bother it. In the other case for people like from hand to mouth suffers a lot from gambling and thus are not respected.

That's true , those people who have a lot of money is the one and only who can truly treat gamble for entertainment.
Otherwise you will force yourself to do something that you cannot afford .
The risk in gambling is indeed never worth when you do continuously and crossed the limit , so yeaa just stay away if you cannot control everything include your emotion.

Chingchangfu

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Quote from: thisappointed on March 28, 2017, 08:56:39 AM

Many people here are asking "How gambling can benefits us by winning" on it using strategy like Martingale, or pure luck when we are playing DICE?
But I'm just wondering when do people will realize that gambling can never be the one that could benefits us, because the truth is, we could lose the thing that we can't lose to afford before we could be benefited by gambling.

Yes it is so true gambling could give you some profit but think about it most of the time you are losing your money and not winning.

wildan88

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Quote from: Juliedarwin on January 17, 2018, 05:25:03 PM

Quote from: thisappointed on March 28, 2017, 08:56:39 AM

Many people here are asking "How gambling can benefits us by winning" on it using strategy like Martingale, or pure luck when we are playing DICE?
But I'm just wondering when do people will realize that gambling can never be the one that could benefits us, because the truth is, we could lose the thing that we can't lose to afford before we could be benefited by gambling.

Yes gambling is not giving any benefits that we had too. Probably gambling are wasting time to play. Wasting money at all is too much not giving as hope. Not unless you're a professional gambler. You can play and you know how to handle the game.

the first time when I think people can get a lot of money from gambling, I was interested in it. because I think the game easily but could earn a lot of money. but after playing 3 years and aware of everything, I think gambling is not changing my life, and I think right, gambling not giving any benefits. but the victory just to make fun of a moment, so I think gambling is only for having fun.

crwth

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Quote from: kryptorian on January 18, 2018, 05:20:06 AM

Quote from: Barcode_ on January 17, 2018, 07:50:05 AM

Gambling does allows people to have the opportunity to be rich overnight, but of course the risk is much more higher as compare to trading or other traditional investment. I have indeed seen with my own eyes on a few gamblers becoming rich overnight by hitting a big jackpot in gambling.

But only a chosen few can actually monetize on this "opportunity" as you euphemistically call it. The rest come back shorn to their tight cubicles and noisy bosses on Monday mornings. So if you hit a huge jackpot and do become rich overnight, you should consider yourself an extremely lucky person. Or you can be happy with what you've got and gamble occasionally with your pocket money.

If you have the chance to win at a 1% chance that would give you a multiplier of 99 of your bet, that is already a great win but it doesn't make you instant rich because it will depend on the bet that you have. For example, you bet only 0.0002 on that that's closely near to 0.02. But if it is 0.002 that is already 0.2 that makes a lot of difference.

kryptorian

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Quote from: Barcode_ on January 17, 2018, 07:50:05 AM

Gambling does allows people to have the opportunity to be rich overnight, but of course the risk is much more higher as compare to trading or other traditional investment. I have indeed seen with my own eyes on a few gamblers becoming rich overnight by hitting a big jackpot in gambling.

But only a chosen few can actually monetize on this "opportunity" as you euphemistically call it. The rest come back shorn to their tight cubicles and noisy bosses on Monday mornings. So if you hit a huge jackpot and do become rich overnight, you should consider yourself an extremely lucky person. Or you can be happy with what you've got and gamble occasionally with your pocket money.

Dreamchaser21

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Quote from: jrrsparkles on January 16, 2018, 11:33:01 AM

Quote from: xLays on January 16, 2018, 11:03:07 AM

Quote from: changcloy on January 16, 2018, 10:00:30 AM

once a person was addicted in gambling it is hard for them to figure out when to stop or to let go. don't put your money in risk for gambling and hoping that you will win always because i can tell there is no good benefits in gambling,even how much skilled you are to play but you are not lucky you will always end up as a loser. you mostly can count on how many times you won but you can't count how many times you lose..hahaha

It's not advisable to do gamble because of current transaction fee. Even when you;re trading. Transaction fee sucks!

Gambling is build for fun factor and it is not a best way to earn more profits if you are in this mindset you will not able to earn more money but you can win a little profit by using gambling in.a correct way so use gambling as an entertainment one .

There is no assurance that you can make profit through gambling that is why its very risky to do so. Even if the transaction fees gets lower I think gambling is still not advisable if your goal is just to have make money. Basically gambling is made for fun but since people are greedy they end up loosing money and make gambling as a part of their life which is not good.

Juliedarwin

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Quote from: thisappointed on March 28, 2017, 08:56:39 AM

Many people here are asking "How gambling can benefits us by winning" on it using strategy like Martingale, or pure luck when we are playing DICE?
But I'm just wondering when do people will realize that gambling can never be the one that could benefits us, because the truth is, we could lose the thing that we can't lose to afford before we could be benefited by gambling.

Yes gambling is not giving any benefits that we had too. Probably gambling are wasting time to play. Wasting money at all is too much not giving as hope. Not unless you're a professional gambler. You can play and you know how to handle the game.

South Park

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Quote from: Hell-raiser on January 14, 2018, 01:33:15 AM

Quote from: bitllionaire on January 13, 2018, 04:41:49 PM

Quote from: yoseph on January 12, 2018, 01:40:04 PM

I will not completely claim that gambling is not worth it neither will the recent winner of the Super Ball lottery jackpot who won nearly $600 M. It is only worth it when you eventually win the money other than that, its simply a waste of time and money.

I will tell you the problems of gamblers, I want to tell you why most of the gambling are not getting profit from gambling. The cause that every gambler always lost his money because he never wants to leave gambling and he has the greed for more winning if he wins a little. This greed took him to the worst situation and he leaves the game when he has nothing left. This is not right otherwise you will never save money.

I don't think this has anything to do with greed. If it were, after losing a little here and there, a truly greedy person would stop gambling and walk away because this very greed would prevent him from losing any more. In other words, his greed would make him loathe gambling in a short while. I suspect we should rather talk here about gambling addiction, which is not particularly different from, for example, alcohol or drug addiction.

Does greed have anything to do with these?

Greed is the desire to get more of something, more money, more cars, more fancy clothes, so those that gamble with a sense of greed do so because they envision themselves bankrupting the casino and getting all that money for themselves but as we know that is impossible and they hurt themselves as a result of their actions.

edisystem

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Well there are many profsessional gamblers out there and they are called professional gamblers because of a reason and the reason is professional gamblers can earn a living by that and they get benefit by gambling. So yes gambling is worth for SOME people.

Barcode_

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Gambling does allows people to have the opportunity to be rich overnight, but of course the risk is much more higher as compare to trading or other traditional investment. I have indeed seen with my own eyes on a few gamblers becoming rich overnight by hitting a big jackpot in gambling.

mharz

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Quote from: changcloy on January 16, 2018, 10:00:30 AM

once a person was addicted in gambling it is hard for them to figure out when to stop or to let go. don't put your money in risk for gambling and hoping that you will win always because i can tell there is no good benefits in gambling,even how much skilled you are to play but you are not lucky you will always end up as a loser. you mostly can count on how many times you won but you can't count how many times you lose..hahaha

Yes its true, gambling was a games who makes addicted the many people, it was happen because most of the player played gambling was earned high amount of income in one blink of eye. But they were notice that the possibility to win in gambling was so little, most of all time they played they can lost high amount.

In addition gambling was give headache to many people experienced lost, because they think it so many time on how they can recovered their lost, but instead of recovering they were lost and lost until they bankrupt.

I just wast to suggest to many people to avoid gambling because it was not help to increase the level of their life in the future. Most of the time it was the cause of poorness of high numbers of people.

UsernameBitcoin

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Quote from: milewilda on January 16, 2018, 06:07:45 PM

Quote from: amacar2 on January 16, 2018, 02:10:18 PM

Quote from: xLays on January 16, 2018, 11:03:07 AM

It's not advisable to do gamble because of current transaction fee. Even when you;re trading. Transaction fee sucks!

There are many gambling platform where you can gamble without paying high bitcoin transactions fee because they also accept other alts like LTC, ETH, DASH.

Also there are many gamblers who don't care about paying high tx fee because they are even willing to loss thousands of dollar in single play in casinos, so those 20$ in fee might not hurt them.

On some gamblers then yes but most of them will really have on doubt regarding on fees which is too high but same as being mentioned above we can anytime play up by using altcoin which most gambling sites are offering now and by these we can avoid high fees on each transaction either withdrawal or deposits. $20+ fee wont really be nothing into those rich gamblers out there.

$20+ fee is still a lot even to deposit $2,000 that is 1% fee just depositng, but if you deposit $2,000 the fee will be more like $200 because right now it's like 10% just to send some BTC anywhere fast. So I don't think it's going to be realistic that companies will continue with Bitcoin gambling in 2018 unless some improvements are made to the transaction speed and fees.

Topic: It is not worth it, right? (Read 7039 times)