Pages:
Author

Topic: Never Expect Consistent Winnings From Gambling - A Lesson I Learnt. (Read 1446 times)

sr. member
Activity: 1288
Merit: 305
yes
It's just sort of justifying their excuses, taking out loans and then whey they say that they are not going back to gambling, then you see them betting again and maybe frequented casinos too.

I'm not saying that I'm perfect, but I never really took out loans just to gamble the money and take that risk. As for the subject of consistent winning, sure gambling is not the way and we should know that by now. We might get lucky this day, but chances are those winnings if you try to comeback to casino and play again, will be sway under you in a snap.
Taking high risks only to get money through gambling, or taking out loans, is never an option to consider because there is always a negative to every solid objective. Debts are yet another thing that will not benefit one, because at the end of the day, one will learn that he or she has sold everything owing to debts. Consistent winning is not assured; there are always setbacks in whatever we do, and gambling is one of them. Gambling is perilous, and I would not recommend gambling to any of my peers; the experience is always bad, even if one makes money, and one never knows what will happen.
hero member
Activity: 1330
Merit: 585
Leading Crypto Sports Betting & Casino Platform
It's just sort of justifying their excuses, taking out loans and then whey they say that they are not going back to gambling, then you see them betting again and maybe frequented casinos too.

I'm not saying that I'm perfect, but I never really took out loans just to gamble the money and take that risk. As for the subject of consistent winning, sure gambling is not the way and we should know that by now. We might get lucky this day, but chances are those winnings if you try to comeback to casino and play again, will be sway under you in a snap.
everyone has their own character and personality, maybe you don't really think about borrowing funds to gamble, but some people want to gamble using money from loans.
but this kind of thing usually happens to gambling addicts. they will continue to gamble chasing losses to recover losses in the hope of borrowing money to bet again hoping to get a win to be able to recoup previous losses.

well, from this problem we know that expecting something big from gambling is very impossible even though it's something small that is difficult to expect from gambling.
so it's better to enjoy gambling for fun than to take it seriously expecting to win from gambling.
hero member
Activity: 2660
Merit: 551
for sure, a lot of gamblers at one point went to the path of borrowing money as they wanted to fulfill their desires. and this is why gambling has bad connotation because of gamblers who are in deep debt but still trying to make a loan thinking that they can win and pay off their debts. however, very rare that it happens, the usual scenario is that they will incur more debts after debts.
It's really weird how some people tell themselves that they would need a loan to get on their feet with gambling when it's obviously just feeding addiction.
If those people could fund their lifestyle with gambling, they wouldn't need the loan in the first place. But i guess it's hard to see own cognitive bias even when you are so much in loss that you think loan would fix it. Obviously there's a change it can but that's just insane risk taking. Not fun and not responsible.

It's just sort of justifying their excuses, taking out loans and then whey they say that they are not going back to gambling, then you see them betting again and maybe frequented casinos too.

I'm not saying that I'm perfect, but I never really took out loans just to gamble the money and take that risk. As for the subject of consistent winning, sure gambling is not the way and we should know that by now. We might get lucky this day, but chances are those winnings if you try to comeback to casino and play again, will be sway under you in a snap.
member
Activity: 868
Merit: 38
Join hands and help me to grow everybody...
Gambling as game of luck, gamblers should know that is not every time you win because prediction is an unforseen circumstances so you might not win all the time in other not to get offended when it doesn't happen they way you expected to be, gambling is not sure as the name implies, you gamble not because you are sure but becuase you might be lucky.
sr. member
Activity: 896
Merit: 303
To be sincere with you, it is not exactly foolish to expect things to work out the way we envisioned it in our minds, but rather, it becomes foolish if we do not have a backup plan, that is, a plan B, something to fall back on just incase things at the end of the day didn't go the way we planned it.
People do take loans for various reasons, and purposes, some still gamble from the money borrowed, and not all of them that do that end up in the gutters, some still get lucky and win just as they had hoped, but then, others still lose their bet as well as the money, if they have a back up plan, the loss is usually not a big deal, but if they don't, that is where the problem lies.
Usually losses can lead to financial problems even if they have a backup plan. I mean, it's because they lost money that was borrowed money. I'm not sure what backup plan to think of when a gambler has used up that loan money over a few of their gambling sessions, will they get another loan and try to recover the losses?

Yes it is true, it will be another problem if the money that they used came from loan or they just borrowed it . It will not be good for them since the interest will getting bigger but they don't have anything to play with because they already lose the money they borrowed this will lead to another problem in the future and will cause them to frustrations because they can no longer pay for it , that's the sad part of it. So as much as possible I will not do borrow money or lend just for me to gamble because there's no assurance that I will win it all.
hero member
Activity: 1316
Merit: 561
Leading Crypto Sports Betting & Casino Platform
~
Totally foolish i would say on the time that you would really be expecting on something which it isnt realistic at all or something that we can say that it cant really be happening at all no matter how hard you do try or how hard you do push it. Consistent winning on gambling is never been that possible, yes, you might really be able to get some consecutive wins for some time but come to mind that it wont really be  that just easy as it sounds or looks on which its never been that possible because thats not how this system or reality works. Gambling is for entertainment and house do always win in the end and there's
no way that for someone could have that consistent win.

If you do bare up on mind and really be that thinking that you are really that able to hit that kind of goal then for sure you would be molding up yourself on becoming an addict.Why?
you would be pursuing on things which it isnt really that possible Gambling is a game of chance and we know that luck isnt on our side as always.
Are we actualy defending the notion of gambling with borrowed money, even if theres a backup plan? Sure, we all need a plan B in life. Thats just common sense! But taking a loan to gamble isnt just walking on thin ice; it's jumping up and down on it!

Listen, Im not denying the existence of lucky streaks, but let's get real. A winning streak in gambling is as stable as a house of cards in a storm. Yeah, someone might get lucky once, twice, even thrice. But expecting that luck to stick around is like expecting rain in the Sahara. Not gonna hapen, mate!

A plan B won't save you if youre digging your own grave. You can't just gamble your way to prosperity. And if you think you can...well, as they say, theres a sucker born every minute!
hero member
Activity: 1512
Merit: 874
To be sincere with you, it is not exactly foolish to expect things to work out the way we envisioned it in our minds, but rather, it becomes foolish if we do not have a backup plan, that is, a plan B, something to fall back on just incase things at the end of the day didn't go the way we planned it.
People do take loans for various reasons, and purposes, some still gamble from the money borrowed, and not all of them that do that end up in the gutters, some still get lucky and win just as they had hoped, but then, others still lose their bet as well as the money, if they have a back up plan, the loss is usually not a big deal, but if they don't, that is where the problem lies.
Usually losses can lead to financial problems even if they have a backup plan. I mean, it's because they lost money that was borrowed money. I'm not sure what backup plan to think of when a gambler has used up that loan money over a few of their gambling sessions, will they get another loan and try to recover the losses?
legendary
Activity: 3052
Merit: 1168
Leading Crypto Sports Betting & Casino Platform
for sure, a lot of gamblers at one point went to the path of borrowing money as they wanted to fulfill their desires. and this is why gambling has bad connotation because of gamblers who are in deep debt but still trying to make a loan thinking that they can win and pay off their debts. however, very rare that it happens, the usual scenario is that they will incur more debts after debts.
It's really weird how some people tell themselves that they would need a loan to get on their feet with gambling when it's obviously just feeding addiction.
If those people could fund their lifestyle with gambling, they wouldn't need the loan in the first place. But i guess it's hard to see own cognitive bias even when you are so much in loss that you think loan would fix it. Obviously there's a change it can but that's just insane risk taking. Not fun and not responsible.
hero member
Activity: 2968
Merit: 687
Actually, it's not that very rare because we or I can still hear some news or some stories about a gambler who already buried himself from having a mountain of debts with almost no hopes to pay it all. Loans are counted as they also see that as an option to continue their desires and continue their activity with the hopes and goal of being lucky in a single night to get free from all the debts and problems. Honestly though, there's almost no difference at all between gambling addicts and drug addicts as they both are willing to have any means just to continue their desires including robbing someone worse it's their family.
You are right that it is not very rare to see gamblers taking loans only to gamble more with the hope that they might get a lot of money at once and they will pay all the debts and will even have more left, but what usually happens is the opposite of that, and they lose the currently borrowed money as well. It barely happens that one wins in gambling after taking a loan and then successfully repaying the loan with that money.

That is why it is important to understand that taking loans for gambling or any kind of stuff that involve luck is a very bad idea you will end up building up tension and nothing else, and in the end, you will start looking for evil ways in order to get money so that you can get out of the situation you've got yourself into.
if the borrower have a plan in the mind thinking everything will go according to the plan then that is surely the most foolish thing one could believe.
not always what is on you mind is exactuly what you would think
To be sincere with you, it is not exactly foolish to expect things to work out the way we envisioned it in our minds, but rather, it becomes foolish if we do not have a backup plan, that is, a plan B, something to fall back on just incase things at the end of the day didn't go the way we planned it.
People do take loans for various reasons, and purposes, some still gamble from the money borrowed, and not all of them that do that end up in the gutters, some still get lucky and win just as they had hoped, but then, others still lose their bet as well as the money, if they have a back up plan, the loss is usually not a big deal, but if they don't, that is where the problem lies.
Totally foolish i would say on the time that you would really be expecting on something which it isnt realistic at all or something that we can say that it cant really be happening at all no matter how hard you do try or how hard you do push it. Consistent winning on gambling is never been that possible, yes, you might really be able to get some consecutive wins for some time but come to mind that it wont really be  that just easy as it sounds or looks on which its never been that possible because thats not how this system or reality works. Gambling is for entertainment and house do always win in the end and there's
no way that for someone could have that consistent win.

If you do bare up on mind and really be that thinking that you are really that able to hit that kind of goal then for sure you would be molding up yourself on becoming an addict.Why?
you would be pursuing on things which it isnt really that possible Gambling is a game of chance and we know that luck isnt on our side as always.
legendary
Activity: 2422
Merit: 1083
Leading Crypto Sports Betting & Casino Platform
Actually, it's not that very rare because we or I can still hear some news or some stories about a gambler who already buried himself from having a mountain of debts with almost no hopes to pay it all. Loans are counted as they also see that as an option to continue their desires and continue their activity with the hopes and goal of being lucky in a single night to get free from all the debts and problems. Honestly though, there's almost no difference at all between gambling addicts and drug addicts as they both are willing to have any means just to continue their desires including robbing someone worse it's their family.
You are right that it is not very rare to see gamblers taking loans only to gamble more with the hope that they might get a lot of money at once and they will pay all the debts and will even have more left, but what usually happens is the opposite of that, and they lose the currently borrowed money as well. It barely happens that one wins in gambling after taking a loan and then successfully repaying the loan with that money.

That is why it is important to understand that taking loans for gambling or any kind of stuff that involve luck is a very bad idea you will end up building up tension and nothing else, and in the end, you will start looking for evil ways in order to get money so that you can get out of the situation you've got yourself into.
if the borrower have a plan in the mind thinking everything will go according to the plan then that is surely the most foolish thing one could believe.
not always what is on you mind is exactuly what you would think
To be sincere with you, it is not exactly foolish to expect things to work out the way we envisioned it in our minds, but rather, it becomes foolish if we do not have a backup plan, that is, a plan B, something to fall back on just incase things at the end of the day didn't go the way we planned it.
People do take loans for various reasons, and purposes, some still gamble from the money borrowed, and not all of them that do that end up in the gutters, some still get lucky and win just as they had hoped, but then, others still lose their bet as well as the money, if they have a back up plan, the loss is usually not a big deal, but if they don't, that is where the problem lies.
full member
Activity: 1204
Merit: 110
Actually, it's not that very rare because we or I can still hear some news or some stories about a gambler who already buried himself from having a mountain of debts with almost no hopes to pay it all. Loans are counted as they also see that as an option to continue their desires and continue their activity with the hopes and goal of being lucky in a single night to get free from all the debts and problems. Honestly though, there's almost no difference at all between gambling addicts and drug addicts as they both are willing to have any means just to continue their desires including robbing someone worse it's their family.
You are right that it is not very rare to see gamblers taking loans only to gamble more with the hope that they might get a lot of money at once and they will pay all the debts and will even have more left, but what usually happens is the opposite of that, and they lose the currently borrowed money as well. It barely happens that one wins in gambling after taking a loan and then successfully repaying the loan with that money.

That is why it is important to understand that taking loans for gambling or any kind of stuff that involve luck is a very bad idea you will end up building up tension and nothing else, and in the end, you will start looking for evil ways in order to get money so that you can get out of the situation you've got yourself into.
if the borrower have a plan in the mind thinking everything will go according to the plan then that is surely the most foolish thing one could believe.
not always what is on you mind is exactuly what you would think
hero member
Activity: 2100
Merit: 546
Leading Crypto Sports Betting & Casino Platform
Actually, it's not that very rare because we or I can still hear some news or some stories about a gambler who already buried himself from having a mountain of debts with almost no hopes to pay it all. Loans are counted as they also see that as an option to continue their desires and continue their activity with the hopes and goal of being lucky in a single night to get free from all the debts and problems. Honestly though, there's almost no difference at all between gambling addicts and drug addicts as they both are willing to have any means just to continue their desires including robbing someone worse it's their family.
You are right that it is not very rare to see gamblers taking loans only to gamble more with the hope that they might get a lot of money at once and they will pay all the debts and will even have more left, but what usually happens is the opposite of that, and they lose the currently borrowed money as well. It barely happens that one wins in gambling after taking a loan and then successfully repaying the loan with that money.

That is why it is important to understand that taking loans for gambling or any kind of stuff that involve luck is a very bad idea you will end up building up tension and nothing else, and in the end, you will start looking for evil ways in order to get money so that you can get out of the situation you've got yourself into.
full member
Activity: 1204
Merit: 110


Actually, it's not that very rare because we or I can still hear some news or some stories about a gambler who already buried himself from having a mountain of debts with almost no hopes to pay it all. Loans are counted as they also see that as an option to continue their desires and continue their activity with the hopes and goal of being lucky in a single night to get free from all the debts and problems. Honestly though, there's almost no difference at all between gambling addicts and drug addicts as they both are willing to have any means just to continue their desires including robbing someone worse it's their family.
so true / the debt is killer and you dont have an idea where you are going wrongno always true - not always applicable to all the situations.
The personal needs are surly the preference. That is correct that many people would be needing one thing other would not be needing anything!
hero member
Activity: 2954
Merit: 672
Message @Hhampuz if you are looking for a CM!
It all depends on the gambler involved in this kind of situation, making gambling as a source of income isn't bad at all as long as the gambler can always sought a means out for himself everytime
For people not to make gambling as a source of income is like a means of telling people how risky gambling is. I do tell people that they should not rely on gambling at all, that they should even be very careful about it. Not only gambling, but also trading. These two things are very risky, they can turn a rich person to a poor person in just few hours to days. People need to be careful.

Someone can decide to take just 5% of his weekly income to gamble weekly, that is not be. I do advice people not to use more than 5% of their weekly income to gamble weekly. But that do not stop me from saying that people should not make gambling as a source of income because I always think it is good for people to know that, which is actually the truth. Gambling should just be for fun and nothing else.

Indeed, gambling cannot be seen as a source of income, I know many friends who have told me that before playing in a casino, they told me that they see the casino as an ATM and that is a blunder, when they played Sometimes they won somehow and they told me, but I really didn't tell them anything, I just told them that I was happy but to be very careful, and after a while, at least 6 months later, I would see them again and they would tell me that They had left the casino because they lost a lot of money, that this is a vice, that they lent money and that they are still paying it off, the good thing is that they are working normally and paying their debts.


for sure, a lot of gamblers at one point went to the path of borrowing money as they wanted to fulfill their desires. and this is why gambling has bad connotation because of gamblers who are in deep debt but still trying to make a loan thinking that they can win and pay off their debts. however, very rare that it happens, the usual scenario is that they will incur more debts after debts.

Actually, it's not that very rare because we or I can still hear some news or some stories about a gambler who already buried himself from having a mountain of debts with almost no hopes to pay it all. Loans are counted as they also see that as an option to continue their desires and continue their activity with the hopes and goal of being lucky in a single night to get free from all the debts and problems. Honestly though, there's almost no difference at all between gambling addicts and drug addicts as they both are willing to have any means just to continue their desires including robbing someone worse it's their family.
legendary
Activity: 1946
Merit: 1100
Leading Crypto Sports Betting & Casino Platform
It all depends on the gambler involved in this kind of situation, making gambling as a source of income isn't bad at all as long as the gambler can always sought a means out for himself everytime
For people not to make gambling as a source of income is like a means of telling people how risky gambling is. I do tell people that they should not rely on gambling at all, that they should even be very careful about it. Not only gambling, but also trading. These two things are very risky, they can turn a rich person to a poor person in just few hours to days. People need to be careful.

Someone can decide to take just 5% of his weekly income to gamble weekly, that is not be. I do advice people not to use more than 5% of their weekly income to gamble weekly. But that do not stop me from saying that people should not make gambling as a source of income because I always think it is good for people to know that, which is actually the truth. Gambling should just be for fun and nothing else.

Indeed, gambling cannot be seen as a source of income, I know many friends who have told me that before playing in a casino, they told me that they see the casino as an ATM and that is a blunder, when they played Sometimes they won somehow and they told me, but I really didn't tell them anything, I just told them that I was happy but to be very careful, and after a while, at least 6 months later, I would see them again and they would tell me that They had left the casino because they lost a lot of money, that this is a vice, that they lent money and that they are still paying it off, the good thing is that they are working normally and paying their debts.

Thinking of wagering as a steady income stream is fundamentally unsound, as it lacks the predictable return of a standard occupation. It's a game of chances and serendipity, not the consistency and stability you find with a traditional paycheck. Proposing to wager a mere 5% of your weekly earnings, albeit a safer bet than going all in, still needs careful consideration. Even a tiny fraction, over time, can pile up into a hefty sum, leading to long-term financial discomfort.

Your comrades' encounters vividly depict the potential pitfalls of betting. Casinos aren't cash fountains. Their main gig is to provide amusement, and their operations are geared to ensure that, over time, gamers part with more than they haul in. The key is to tackle wagering with a lucid grasp of its perils. If one chooses to participate, it ought to be done sensibly and within one's budgetary constraints. That's the mantra to live by.
legendary
Activity: 3122
Merit: 1102
Leading Crypto Sports Betting & Casino Platform
It all depends on the gambler involved in this kind of situation, making gambling as a source of income isn't bad at all as long as the gambler can always sought a means out for himself everytime
For people not to make gambling as a source of income is like a means of telling people how risky gambling is. I do tell people that they should not rely on gambling at all, that they should even be very careful about it. Not only gambling, but also trading. These two things are very risky, they can turn a rich person to a poor person in just few hours to days. People need to be careful.

Someone can decide to take just 5% of his weekly income to gamble weekly, that is not be. I do advice people not to use more than 5% of their weekly income to gamble weekly. But that do not stop me from saying that people should not make gambling as a source of income because I always think it is good for people to know that, which is actually the truth. Gambling should just be for fun and nothing else.

Indeed, gambling cannot be seen as a source of income, I know many friends who have told me that before playing in a casino, they told me that they see the casino as an ATM and that is a blunder, when they played Sometimes they won somehow and they told me, but I really didn't tell them anything, I just told them that I was happy but to be very careful, and after a while, at least 6 months later, I would see them again and they would tell me that They had left the casino because they lost a lot of money, that this is a vice, that they lent money and that they are still paying it off, the good thing is that they are working normally and paying their debts.


for sure, a lot of gamblers at one point went to the path of borrowing money as they wanted to fulfill their desires. and this is why gambling has bad connotation because of gamblers who are in deep debt but still trying to make a loan thinking that they can win and pay off their debts. however, very rare that it happens, the usual scenario is that they will incur more debts after debts.
legendary
Activity: 3010
Merit: 1280
Get $2100 deposit bonuses & 60 FS
It all depends on the gambler involved in this kind of situation, making gambling as a source of income isn't bad at all as long as the gambler can always sought a means out for himself everytime
For people not to make gambling as a source of income is like a means of telling people how risky gambling is. I do tell people that they should not rely on gambling at all, that they should even be very careful about it. Not only gambling, but also trading. These two things are very risky, they can turn a rich person to a poor person in just few hours to days. People need to be careful.

Someone can decide to take just 5% of his weekly income to gamble weekly, that is not be. I do advice people not to use more than 5% of their weekly income to gamble weekly. But that do not stop me from saying that people should not make gambling as a source of income because I always think it is good for people to know that, which is actually the truth. Gambling should just be for fun and nothing else.

Indeed, gambling cannot be seen as a source of income,

It can be a source of fund if we are winning but at the same time the cost of eating our funds if we are in al osing streak.  Gambling as many said is like a double edge sword where it can give you source  of income and at the same time make us lose money.

I know many friends who have told me that before playing in a casino, they told me that they see the casino as an ATM and that is a blunder, when they played Sometimes they won somehow and they told me, but I really didn't tell them anything, I just told them that I was happy but to be very careful, and after a while, at least 6 months later, I would see them again and they would tell me that They had left the casino because they lost a lot of money, that this is a vice, that they lent money and that they are still paying it off, the good thing is that they are working normally and paying their debts.


I guess this friends that told you casino i like an atm machine is now suffering short of resources because they now suffer losing streak and as you stated lost a lot.  Everyone must know that gambling result is random worst, in the long run favors the house especially when the house edge kicked in.
legendary
Activity: 2590
Merit: 1882
Leading Crypto Sports Betting & Casino Platform
It all depends on the gambler involved in this kind of situation, making gambling as a source of income isn't bad at all as long as the gambler can always sought a means out for himself everytime
For people not to make gambling as a source of income is like a means of telling people how risky gambling is. I do tell people that they should not rely on gambling at all, that they should even be very careful about it. Not only gambling, but also trading. These two things are very risky, they can turn a rich person to a poor person in just few hours to days. People need to be careful.

Someone can decide to take just 5% of his weekly income to gamble weekly, that is not be. I do advice people not to use more than 5% of their weekly income to gamble weekly. But that do not stop me from saying that people should not make gambling as a source of income because I always think it is good for people to know that, which is actually the truth. Gambling should just be for fun and nothing else.

Indeed, gambling cannot be seen as a source of income, I know many friends who have told me that before playing in a casino, they told me that they see the casino as an ATM and that is a blunder, when they played Sometimes they won somehow and they told me, but I really didn't tell them anything, I just told them that I was happy but to be very careful, and after a while, at least 6 months later, I would see them again and they would tell me that They had left the casino because they lost a lot of money, that this is a vice, that they lent money and that they are still paying it off, the good thing is that they are working normally and paying their debts.
sr. member
Activity: 966
Merit: 421
Bitcoindata.science
But the sad thing about the whole thing was that, he's attitude changes, those are big amount when converted to my country's local currency, but not big enough to warrant his Change of attitude..
He started spending anyhow, sleeping in different hotels with different women - before this, he already quit his job, he bought himself an iPhone and also bought an iPhone for one hoe that was following him up and down as a girlfriend - he left our neighborhood and moved to a better place and a bigger apartment, he become arrogant and left some of his friends in times of want behind, he did all he did probably with a mindset that the winnings will keep coming, some even spread some rumor that the guy meet a witch doctor who prepared a luck charm for him, which is what gave him the confidence of quiting his job - to me, this remains a rumor, since there is no way to verify if this is true of false.
Despite how unsatisfied with the guys actions it still doesn't warrant using abusive words on the girls he lavished money on, i believe he went for them because he felt he has arrived.

Quote
Gambling is not a business, and neither should you ever take it as a day job, in reference to this thread - it is likely impossible to make a consistent winning from gambling, there are day you win, even much more than $100, and there are days you will lose it all, to make a consistent $100 or more every day in gambling is a mirage, wishful thinking that might never happen.

Feel free to chip in your contribution.
Gambling wins if not properly managed will just secure short term happiness and that is all. Three days win in a row got the guy and that must have made him believe he didn't need his job anymore with the hope more wins were going to line up not knowing happy moments in gambling are just temporal and the spree of losses are never ending.
legendary
Activity: 2422
Merit: 1083
Leading Crypto Sports Betting & Casino Platform
Let's begin with a story (more like a parable) which I think is familiar to some of us...

...

Now, To the main discussion...

...

Feel free to chip in your contribution.

It would have been more believable if you had said that everything you were going to write was a parable, and not just the first part.
First of all, thank you very much for your analysis, nothing to argue or maybe try to prove to you, after all, we are just posting on a public forum, it doesn't matter if you believe the story or not, and it also doesn't matter is the story is true or not, my message is passed, and I believe that's the most important part of the story anyway, for what is the meaning of a story if it doesn't have a lesson people can learn from?

Anyways, story is true, but like I said, it doesn't matter whether you believe it or not.
🙏
Pages:
Jump to: