Never Expect Consistent Winnings From Gambling - A Lesson I Learnt. - page 10.

madnessteat

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Quote from: demonica on April 27, 2023, 09:03:43 AM

As what they've said, the money you get easily also run out easily... That's the common mistake gamblers do when they experienced winning. When they win, they spend a lot on luxury and continue gambling thinking they'll win again. Your friend is lucky to win three consecutive days but he forgot about that it isn't always like that. He could've used the money he won on better things. It could've helped him change his life for the better but since he used his winnings on unnecessary things just to satisfy himself, he forgot about the important things. Instead of having a better life, it becomes worse.
Also another mistake he did was to quit his job just to continue gambling. Even with all the amount of winnings he have for those 3 days, it wouldn't be enough for his daily living until he dies without any other source of money. He may be lucky but he didn't use his luck smartly.

I think that in fact the guy in question is just still young enough and does not know how to manage money competently, so everything turned out that way. Such a person can be given a million dollars and in a year he will be left with nothing. In fact, $2000 is not that much money. There have been cases that I've lost more in a casino in one day, so there's no point in this guy getting upset about it, but he needs to find a job anyway.

Cling18

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Quote from: Die_empty on April 27, 2023, 09:34:10 AM

Quote from: Fivestar4everMVP on April 26, 2023, 12:26:57 PM

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 the 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.

Making gambling a full-time job is moving consciously toward the pathway of poverty and frustration. There are no guarantees that you will win constantly, so one cannot depend on it for survival. I have never seen any full-time gambler that is financially stable because they are not sure of their income. It is better to take a low-paying job than to depend on income from gambling.

The experience of your friend is because of his level of understanding. Before he won the bets, he aspires to live a life of luxury. He was just exhibiting his thoughts and aspiration. If he was investment minded, he would have invested his win in a profitable business. He needs to get another job, apologies to his friends and learn to be humble. He has not failed, he just went through a phase that has taught him some good lessons. I hope he has learned some good lessons.

Money can change people's mindsets and attitudes, especially in gambling. That friend of yours have thought that he can always get lucky in gambling and relied on it to the extent of leaving his full time job. He didn't value the money that he got from his gambling winnings because it isn't really his hard-earned money.
Truly, regrets and lessons come last because when we are experiencing comfort, we enjoy and disregard our future needs which is a wrong attitude. Leaving a job for gambling will never be a wise decision. We can't always rely on gambling or even expect continuous winnings. We all want to win and be lucky but we should see it the right way or as much as possible, consider gambling as a source of entertainment.

KTChampions

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Quote from: Mate2237 on April 26, 2023, 06:00:41 PM

How can someone thinking of winning every time or day. It is not even possible. The matter how you are lucky, consistent winning is not possible. How can some even visit the gambling station every day? I'd it that gambling is his work? And he is not doing another thing for survival. There are some sportbook markers that will not allow a gambler to bet games a again if he wins every time in the station. Even though they are not the ones to pay the gambler win his records are from that center so the company will suspect the center. And possibly stop the center for a while to monitor the account.

For novice casino players, this is a common occurrence. They either "invent" Martingale or "reliable" bets on low odds (<1.1) which allows them to make relatively stable profits over time. The problem is that when they are already almost sure that they have found a gold vein, a big loss happens (with such strategies, this is inevitable). But instead of realizing that they were wrong, they call this big loss an accident and repeat everything again.

Die_empty

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Quote from: Fivestar4everMVP on April 26, 2023, 12:26:57 PM

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.

Making gambling a full-time job is moving consciously toward the pathway of poverty and frustration. There are no guarantees that you will win constantly, so one cannot depend on it for survival. I have never seen any full-time gambler that is financially stable because they are not sure of their income. It is better to take a low-paying job than to depend on income from gambling.

The experience of your friend is because of his level of understanding. Before he won the bets, he aspires to live a life of luxury. He was just exhibiting his thoughts and aspiration. If he was investment minded, he would have invested his win in a profitable business. He needs to get another job, apologies to his friends and learn to be humble. He has not failed, he just went through a phase that has taught him some good lessons. I hope he has learned some good lessons.

demonica

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As what they've said, the money you get easily also run out easily... That's the common mistake gamblers do when they experienced winning. When they win, they spend a lot on luxury and continue gambling thinking they'll win again. Your friend is lucky to win three consecutive days but he forgot about that it isn't always like that. He could've used the money he won on better things. It could've helped him change his life for the better but since he used his winnings on unnecessary things just to satisfy himself, he forgot about the important things. Instead of having a better life, it becomes worse.
Also another mistake he did was to quit his job just to continue gambling. Even with all the amount of winnings he have for those 3 days, it wouldn't be enough for his daily living until he dies without any other source of money. He may be lucky but he didn't use his luck smartly.

Solosanz

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Your friend are really stupid to think winning three days in a row will make him to always make money through gambling. Even someone have making money 30 days in a row, I still will not say gambling can become their main source, maybe after 1-2 years if your friend keep making money through gambling, he can resign from his job.

But it's okay for your friend to learn from this mistake, at least he didn't ask a loan and that might make him want to commit suicide.

Kakmakr

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I do not want to sound mean, but your friend sounds like a fool. It has been proven over and over again that gambling are not profitable in the long-run. Yes, some people are lucky to win something BIG in the early days, but most of them continue playing and then they lose everything.

This is why they say, "The house always wins" .... people win and continue playing and the RTP kick in and the house takes it back. I do not want to sound like a conspiracy theorist, but I think some casinos have methods to provide you with a good "seed" in the early days... and once they reeled you into gambling, they then swap that seed for a seed that makes you lose more often. Roll Eyes

Pierre 2

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I think this is very great example. One of those examples that I can safely share with friends. In my opinion money should always be spent wisely. You may beone rich person or you may be luckiest man alive making millions through gambling, it doesn't even matter. Your aim must be to keep income flow so your spendings will never surpass your income. Skilled people can make a lot of money through gambling, its undeniable reality. But gambling is not equal of day job or investment. Consistent winning in gambling doesn't exist. Consistent winners on social media are generally rich people that can afford to lose many times.

piebeyb

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Quote from: Reatim on April 27, 2023, 04:53:07 AM

Winning in 3 consecutive days without losing ? well this is something we can call a very lucky man and for me that is more than enough to believe he needs to stop.
though the winning per day cannot be called as that big yet he managed to beat the site for that days.

I also have a chance to beat the site once winning thousand dollars , at least 5k usd that time , but know what? my greedy mind let me lose everything that day so i have no second day of winning.

the main lesson here? that if you doubled your capital? better to leave the table and when you return next day? make sure that your winning from the previous day will be the only amount to spend so you will not lose anything that just your time.

I personally or maybe you are just giving advice to people not to be greedy when you feel like you have beaten the gambling machine and feel you have won enough to stop, but in fact it is difficult to get rid of our greedy nature as gamblers even I am still sometimes selfish and greedy when I win, so giving advice to other people as well as giving advice to ourselves, most who like that gamble don't know the time even if they win they will continue to double the next bet and eventually lose and lose a lot of money.

It is difficult to leave the table or gambling machine when we have really won a lot, because it may not be consistent so it is difficult to stop the game because the feeling of dissatisfaction sometimes makes us still have a greedy nature to want to win even more, it's strange that if gambling is for the purpose of seeking pleasure we will be consistent stop when we really feel happy, unlike gambling with the aim of making money we will never know when to stop even though we win. in the end our money will run out too

Reatim

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Winning in 3 consecutive days without losing ? well this is something we can call a very lucky man and for me that is more than enough to believe he needs to stop.
though the winning per day cannot be called as that big yet he managed to beat the site for that days.

I also have a chance to beat the site once winning thousand dollars , at least 5k usd that time , but know what? my greedy mind let me lose everything that day so i have no second day of winning.

the main lesson here? that if you doubled your capital? better to leave the table and when you return next day? make sure that your winning from the previous day will be the only amount to spend so you will not lose anything that just your time.

Plaguedeath

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Gambling was never been a way of making consistent money and still never until now.

Quote from: Aikidoka on April 26, 2023, 03:11:31 PM

Speaking about the other part of the story, of your "supposed friend". I'd say money can change people right? that's what happened, he's just too dumb to think that gambling could open their arms well for him.

Money doesn't change @OP's friend, but @OP's friend already has such behavior from the beginning, the difference is when the @OP's friend is lack of money, he can't fulfill all his want. Now he have a lot money to fulfill anything he want, that's why he can do that. That's why in order to know the real personality of someone, let him have a lot money, power and drag him in difficult situation.

len01

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1. someone who rarely or almost never holds large amounts of money will surely turn out to be arrogant, it is normal in the natural instincts for every human being.
2. only a fool would consider gambling as the main reason for a steady income.
3. in simple terms, gambling is a place to have fun, not a place to multiply money.

to be honest there are too many people i met in my city like your friends. but nevertheless it is their right to decide how to behave towards gambling and the big wins he gets. the most important thing is to make that bad experience a lesson for us not to follow like your friends.
but sometimes all of that changes when the situation reverses, like gamblers get money instantly which can turn a good character into a bad one.
what I know is that money that can be earned quickly will also run out quickly.

swogerino

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That is something very well known.I can relate very well to this story.Whenever I win in gambling I think that the same thing will happen again and again but this is just an illusion and is exactly this illusion who keeps us coming back because in our mind we don't remember losing bets only winning ones.I used to keep buying the bonus in slot machines and I keep doing this until my balance ends or until I hit it big.Sometimes I have hit x5000 my bet and that feeling is something really unique and great and is the only thing that keeps me coming back.Unfortunately I do not learn from mistakes when losing money as that x5000 win keeps me coming back and that is a common illness between the majority of gamblers.

davis196

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Quote

meet a witch doctor who prepared a luck charm for him, which is what gave him the confidence of quiting his job

This is so dumb and delusional that I don't believe it. I do believe the other parts of the story, about spending money for hoes and random shit.
Arrogance is the path to failure. I know that after winning a bunch of games, a player gets the false sense of "being good at gambling".
This is a delusion. He isn't good at gambling, he's just lucky. Luck comes and goes. I know that some gambling games like poker require skills besides luck, but even the greatest poker players can't win all the time. I really hope that your friend realizes the huge mistakes he makes in his life and tries to follow the path of self-improvement.

ethereumhunter

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I agree never expect consistent wins from gambling because gambling is not a place to make money. If one can get a big winning streak, it won't last forever because, after that winning streak, there will be a losing streak to come. If someone can be wise after getting a big winning streak, he should use his money well, especially if he can set up a business that can give him more definite profits than gambling.

From that story, I also agree with the second child who said it is better to learn from other people's experiences so that we don't have to make mistakes and can know or prevent them before we make mistakes. But we must be able to learn from experience, be it our experience or that of others, so we won't make mistakes either.

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Quote from: Fivestar4everMVP on April 26, 2023, 12:26:57 PM

Long story short, 2 months after the whole winning spree, this guy lost everything back to casinos where he gambled on, he made gambling his day job, probably increased his bets so as to win more, but as of today, this guy is joblessly roaming the streets, depend solely on friends to feed, as of yesterday when I overheard him discussing with some one I am also close to, he was asking to help him look for a Job, that what he planned didn't work out - what ever he planned that didn't work out, I don't know, but this is a lesson for us all to learn from.

The problem is that we easily get used to good things... if we win in one day, we will bet again hoping to win in the second, if this is repeated one, two, three times then we believe that we are invincible and that feeds an unreal hope that anything is possible.

I would say that winning many times is worse than losing many times, exactly because it gives this perspective that it is possible to live only from games of chance.
However, however great our earnings, we should never entrust our lives to gambling.

Thank you for your report, sometimes we need to read stories like this to remind ourselves that gambling needs to be just a hobby and addiction to it is our biggest downfall.

Strongkored

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Quote from: Fivestar4everMVP on April 26, 2023, 12:26:57 PM

Feel free to chip in your contribution.

This person must have won a larger amount than what you mentioned, because in my opinion it is impossible if he only won the money with the amount you mentioned but being able to buy 2 iPhones, I really don't know the price for sure but I'm sure the prices won't vary much in every country though the person lives in a poor country, the money has definitely been used up to buy 2 iPhones and that has not been used to pay for hotels and all other activities that require money.

This story is almost the same as the story of gamblers who won huge prizes but their lifestyle made them poor again, even the money they won was able to make them live in peace until old age.
Money that is easily obtained will also be very easy to lose because the mentality of those who receive it is not ready for this money.
So there is not enough money to guarantee life, but the important thing is to maintain a lifestyle so that the money you get will be very useful

harizen

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We can't really take away that mindset from those who already win big from gambling. These people think that the winning experience they got from gambling will be repeated always. That feeling when they won big, something they always want to experience again - that's the start of the trap.

I even experience that personally and for others here as well I'm sure of it. Since we won big, we want that to happen again and the result, is several attempts to experience that again. Unfortunately, the result isn't the same and because of that, more attempts will be made until experiencing that winning big amount again.

It's the same when Bitcoin is on a very bullish trend and every newbie thinks they are smart as they made profits in just a short term. They think earning money in Bitcoin is easy as 1,2,3 and their confidence takes them to a higher level. And when bear trends come, the entire of them just vanished without a trace.

Rigon

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OP I read your entire story and understood from there that pride is the root of man's downfall. The man you quoted had accumulated so much pride that his destruction was inevitable. He didn't realize that the gambling section was a completely luck based platform. Every person should remember that no matter how big or small work one earns from any means one should never be proud of that income. Whenever you go to a good position and get arrogant with people, your wealth will definitely decline. But I don't have much trouble with the person destruction you quote. Many people have been purified there following him.

I would like to say from my personal side that none of you should ever be arrogant. No matter how much money you have, you will always treat people well. God gave you money to understand your mind. First of all you should love people and follow the words of the Creator. Only then will you see that you are living a very beautiful life.

romero121

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We used to come across different gamblers winning jackpots. Looking at that we feel ourselves having similar luck and winning big money. When this changes automatically everything will be in control. Till we understand real gambling it used to be hard for us to accept loss. Once a gambler have understood, then he/she will analyse well and spend. Probably the gamblers who spend much on sports betting doesn't experience much loss compared to the gamblers spending much on casinos games.

Topic: Never Expect Consistent Winnings From Gambling - A Lesson I Learnt. - page 10. (Read 1391 times)