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Topic: Never Expect Consistent Winnings From Gambling - A Lesson I Learnt. - page 11. (Read 1462 times)

legendary
Activity: 2982
Merit: 1153
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 is a business where the owner wanted to profit from the users or players. There are always two sides to the story, the owner can claim success while the player losses.  I do not think it is right not to think gambling can be a job, a job means being a staff of a gambling casino and not as a player.

Players should be wary that every day is not a sunny day especially when we are playing against a house that wanted to profit from our losses.  I do agree with you that we, as a player, should not think that gambling can be a regular source of income.  There may be times we can win big but most of the time we will be losing.  I believe every gambler here in the forum can attest to that.  So while we are still in control, better to moderate our gambling activity, do not take gambling as a substitute for our daily jobs because it is highly possible that we can end up badly if we do.
hero member
Activity: 2282
Merit: 795
~snip~

The guy you told us about was too naive and arrogant, which is why his gambling experience was so bitter. The winnings clouded his mind and he showed you his true face. Do not do business with him, for such people cannot be loyal for long. If you want to help him, advise him to see a specialist and quit gambling for a while.  
Exactly, its not easy to be partnered with a greedy person and even if you know that guy you can’t still trust him that much. There might be a good winnings to attract someone but you also need to remember that this is gambling, anything can happen and losing is inevitable. Better to gamble on your own, and if you want to help that guy out of that addiction, you still need a help from a professional.

Not just any greedy person but it is definitely a red flag if a person gambles too much to the point of losing their whole purpose and goal in mind.

I mean, I do understand that gambling is not an illegal activity per se, but if it clouds your judgement to the point that you prioritize it above anything else, then it should at least give you an idea about its potential danger. Personally speaking, I dealt with someone who frequently gambles in our family and let me tell you- they will always ask for loans, etc. to the point that they try to reason everything for the sake of having cash to gamble.

I just hope that this kind of thread creates a wake-up call to everyone who struggles limiting their gambling activity. Sure, gambling is fun especially when you experience that adrenaline but be careful not to exceed your limits.
legendary
Activity: 2576
Merit: 1252
Leading Crypto Sports Betting & Casino Platform
A reminder for everyone who hopes to be rich from gambling. But to assume where this expectation comes from, probably because of news or instances that some gamblers won big time. Indeed there are some people who got rich because of this activity but keep in mind that there's more who became broke because of gambling; some were left in huge debt, some sold house and other properties. And this should be an enough warning to those who are still having the same mindset. Also, there are people who wishes to rely daily expenses in gambling which is also not advisable. What if you happened to lose for a certain day, what will you do? It would always be better to just make this industry a leisure and without dependency.
hero member
Activity: 2926
Merit: 722
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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.
This had come into my mind too on which basing up on whats been mentioned on OP telling about "Long story short, 2 months after the whole winning spree, " then it is something that unbelievable. You cant really be having that winning state on a 2 month period unless if those are involved with some losses but on day to day basis turns out to be profitable on a casino? It does really sounds unrealistic.
I dont know if this one is really that true or just simply making some story that do only happen on movies.  Cheesy
It would really be that suicidal on quitting up your job just because you do made out some winnings on a gambling casino on which you would be having thoughts that you might be able to sustain it like forever.
It is really that a huge mistake if you've been thinking up this way, you would really be fucking up yourself later on when the situation turns upside down and it really did. This is usually the most common result
or outcome if you are really that forcing that gambling is something you could make a living.
legendary
Activity: 1064
Merit: 1298
Lightning network is good with small amount of BTC
Gambling is never designed to become a job that gives consistent income, but purely for entertainment purposes only. If you have given chances to become more profitable on it, that is not because gambling is capable to give you sustainable income, but because you were just lucky every time you decide to gamble. But if those luck had totally gone, then you will never be as profitable as before. And you will more likely to experience losses than profits, if that starts to happen, it’s better to just leave gambling and call it a day.
And do you know what? Nobody will ever be consistent to win, even if you do not gamble frequently, their are some days that are just bad. What I think about the guy is that he won suddenly and he thought that gambling is easy and he will make more money, he will even increase the money he was using to stake after those massive profit. Instead to do something good with the money, something like business, he just continue to gamble and left himself a regret. He do not know he can not continue to win as he sees gambling as a way to get income. He can not beat the house, the house would win.
hero member
Activity: 700
Merit: 577
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.
full member
Activity: 2086
Merit: 193
~snip~

The guy you told us about was too naive and arrogant, which is why his gambling experience was so bitter. The winnings clouded his mind and he showed you his true face. Do not do business with him, for such people cannot be loyal for long. If you want to help him, advise him to see a specialist and quit gambling for a while.  
Exactly, its not easy to be partnered with a greedy person and even if you know that guy you can’t still trust him that much. There might be a good winnings to attract someone but you also need to remember that this is gambling, anything can happen and losing is inevitable. Better to gamble on your own, and if you want to help that guy out of that addiction, you still need a help from a professional.
hero member
Activity: 798
Merit: 1045
Goodnight, ohh Leo!!! 🦅
Anything that coins gambling is a "give and take process"....
No one should be expecting to make a living outta some lucky-day douceur...AFAIK, no one keeps record of how much that's being wagered on the wrong games that ends up not producing anything...
As long the casino operates on a balanced scale- or say- a scale where they can eventually derive 65% interest of 100% and 35% loss, then it's impossible for a single Gambler to win everyday consecutively. It's either he'll keep loosing the more tries to win, or he'll have to STOPLOSS.

Sandra 🧑‍🦰
hero member
Activity: 2744
Merit: 588
Not that the guy is even rich yet, not that he built a mansion or a company for business. He rented an apartment and bought two iPhones and thought the earning will be consistent.

but this is a lesson for us all to learn from.
He left his job just because of gambling. That is stupidity. There is nothing I can learn about this but to see it as stupidity.

Although you are very correct, gambling should not be seen as a business. People that see it as business and a way to make income will always end like this.
Gambling is never designed to become a job that gives consistent income, but purely for entertainment purposes only. If you have given chances to become more profitable on it, that is not because gambling is capable to give you sustainable income, but because you were just lucky every time you decide to gamble. But if those luck had totally gone, then you will never be as profitable as before. And you will more likely to experience losses than profits, if that starts to happen, it’s better to just leave gambling and call it a day.

We all know, it is easy to say such action. However, when someone is already deep on his game, he would have hard time leaving it.
But it is always good to re-assess your situation from time to time so you know where you are standing up.
It may help you evaluate your current situation and maybe, still have the logic to change your path before it is too late.
When people are too deep already, they are not thinking clearly anymore as they have other goals in mind already.
So before such challenging time comes, better alter your activities so you won't regret what might possibly happen to your life.
legendary
Activity: 3094
Merit: 1127

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.

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.
When you do have this kind of approach on which you do make gambling as a business or some sort of source of income then sooner or later you would really be fucked up hard and if you do gamble out all of things like your day job and everything you do have then you would really be definitely be sleeping into the streets and would really be putting up your face into the ground and asking for some help.Its never been ideal
on making yourself that reliant into gambling profits because we know that there are really indeed days which we could really say that we are really that lucky.It might last up for how many days,weeks or months
but it wont really be forever.

On the time that you are already that experiencing some losses then this is where hell would be starting.You would really be chasing up losses and this is the time you would really be getting desperate
until you are already making use or consuming your previous wins into coping up on what you had lost. We should always put up into our minds that whatever winnings we do have
there's always a chance that it would be taken back by the casino. You cant really be winning on everyday and those chants or magical or superstitious things arent
really that effect and never will be.
hero member
Activity: 3052
Merit: 606
Not that the guy is even rich yet, not that he built a mansion or a company for business. He rented an apartment and bought two iPhones and thought the earning will be consistent.

but this is a lesson for us all to learn from.
He left his job just because of gambling. That is stupidity. There is nothing I can learn about this but to see it as stupidity.

Although you are very correct, gambling should not be seen as a business. People that see it as business and a way to make income will always end like this.
Gambling is never designed to become a job that gives consistent income, but purely for entertainment purposes only. If you have given chances to become more profitable on it, that is not because gambling is capable to give you sustainable income, but because you were just lucky every time you decide to gamble. But if those luck had totally gone, then you will never be as profitable as before. And you will more likely to experience losses than profits, if that starts to happen, it’s better to just leave gambling and call it a day.
legendary
Activity: 1498
Merit: 1116
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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.
I do not think that charms and any fetish thing from any witch doctor will be effective in determining the outcome of sports. If it did, many person's would have already refuted to it to ensure that their winning is constant. Any witc doctor who claims to be able to give gamblers a sure bet is simply a fraud.

Gambling is not a business, and neither should you ever take it as a day job,
Gambling is not a business if you gamble, but gambling can be a business to you if you own a place where people come to gamble. If you are just a mere gambler and want to turn gambling to a main source of income for you, a business, If you cannot open a gambling house where other gamblers can come to gamble and then you make money from them, then there is no other way for you especially not to make money and depend on just gambling alone, you will learn the very hard way.
hero member
Activity: 2590
Merit: 644
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.
^With this attitude? As I can say, good for him. lol.
In the first place, I don't believe in witch doctors or even what black magic is, we are in a modern era and I don't think they still exist.
He made a stupid decision and nothing at all, greed and a naive attitude were on his head that lead to his path to becoming a beggar on the street which I believe was a punishment by God which I believe than the witch doctors.
However, the first story was good and nice thank you for sharing here.
legendary
Activity: 2534
Merit: 1115
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.
pretty sure after that consecutive wins, he probably thought he could become one of those people that became a professional gambler. quite sad that there are gamblers that get delusional after winning a sizable amount of money consecutively. gamblers should realize that the people they see making a living through gambling are an extremely small percentage of the people who gamble and try to earn money through gambling.
hero member
Activity: 770
Merit: 538
Leading Crypto Sports Betting & Casino Platform
For most of us in my area here, it was like he did a charm,

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.

Wha..t! So In this 21st century, people are still believing this?

In my presence, someone has won $10,000; that was the highest win that has happened to a gambler which I witnessed. The OP's winning is even less than what I hear about some people's winning; some people don't win at a straight, but if they manage to win, it usually becomes massive 🎉👏. So, it's not charm.


I know how these kinds of stories usually end. karma is what happens to people who act irresponsibly. Although in his case he was very lucky to make those straight wins, unfortunately he did not make good financial management of the funds. Well, they say, "When someone has spent time, energy, and passed through stress to make money, they will spend it wisely." So, in the OP's case, he did not struggle to make that money; rather, by just making his prediction and staking, he won. He just decided to spend it lavishly because he probably has not enjoyed money before.(what can I say 🙄).

Honestly, his mistake is not what anyone must do; that's absolutely unwise behavior. No matter how easy you make your money, it doesn't call for lavish spending. If one cannot sustain money, then money cannot sustain the person. I read a book that says and I quote below.

Quote
Money is plentiful for those who understand
 the simple laws which govern its acquisition.

The above quote is what I conclude with.
legendary
Activity: 3234
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Leading Crypto Sports Betting & Casino Platform
well it is an undeniable fact that games of chance are not for making money, they are for losing money, the house always wins, the person thinks the opposite so that person is living on another planet, in the beginning when I started to make sports bets I I was right, I was wrong a lot, then I started to be right a lot, but the problem is that I saw winning little money and with low odds it was a waste of my time, so I thought about increasing the money I bet and I started betting on games with higher odds and making multibet bets, at first I got it right and I started to convince myself that I could even make consistent profits, but I was kidding myself

the losing cycle started, I started to get really irritated because my bankroll was going down and down, so I went back to watching the videos of high rollers, but paying more attention to them I started asking myself again: why the hell are smart people who are professional bettors they don't show proof that they made a bet on game X and they never say when they played and how much loss and profit they had, and they kept creating youtube channels and selling books, so at that moment the obvious came to my mind, looking at gambling is the only good thing path. there is nothing profitable in gambling
hero member
Activity: 1778
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People have their own views and reasons for gambling. I think we all know and understand that you can't make a cash profit stream from gambling, but how can you think rationally with gambling? That's not possible. When we start gambling we tell ourselves that we are going to win and if we lose once it is pure bad luck. Until you lose a few times in a row. In principle, there is no normal way to win money all the time, that does not exist. Or you should engage yourself in arib slow gambling, but sooner or later your account will be closed. Poker players do have the advantage of being able to win money consistently, but you have to look at the ROI over time and not expect to win money every day.
legendary
Activity: 2478
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Leading Crypto Sports Betting & Casino Platform
Did I read something wrong or are these two different stories? In the first case, the path from success to failure took only 3 days, and in the extended version of the story, it took 2 months. Let's say I'm ready to believe that there are such stupid gamblers who quit their jobs after three days during which they win 2.5 thousand dollars, but it's hard for me to believe that someone is lucky for 2 months.
You didn't read anything wrong, it's just a simple misunderstanding, he won the said amount (once I know and saw with my eyes) in 3 days consecutively, or should I say respectively..

And in 2 months down the line, he went broke again, this is to say that he probably won some bet, lost some as well, won some, lost some, won again, then lost, just like they within that 2 months until he eventually lost everything.

Understood that it is possible for a man to become rich over night, but return back to poverty is a gradual process, where the person will start experiencing loses, loses and more loses within a certain period of time, until everything is gone, that is what happened in the story above.

Hmmm... Ok! So, if I understood everything correctly, the action took place in some not very rich country (definitely not in the USA) where 2.5 thousand dollars is a serious amount. I myself am from a poor country, but I can't think of finishing my job even if I win $10,000. In general, I understood the general meaning, now the story is similar to the real one.
legendary
Activity: 3500
Merit: 6320
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The best way that I ever heard it said was "look at those multi billion dollar casinos they put up all over the world, the people winning sure did not pay for them"

The odds always favor the house. That is the point. Otherwise there would be no house.

To me, and many others it's just a form of entertainment. That one simple fact should never be forgotten.


 I can go to the city and have a nice meal that costs a lot of money and then go to a show that also costs a lot of money. Say it comes to $500 for the night for 2 people including the train there and back. (New York) Some people will not think it's a bad way to spend money. Same way people will pay for tickets to a sporing event, or many other things.
At the same time, others will look at those exact same expenditures and think the person paying 'that much for that' is nuts. But, for the people who find whatever that activity is entertaining it's no big deal.

Gambling should be treated the same way. You don't go to a baseball game expecting to come out with more money then you went in with, nor do you go to a show and expect to come out with more then you went in with. Treat casinos the same way and you will be fine.

-Dave

sr. member
Activity: 1078
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The first story of the father and his 2 kids is really wholesome and both of them shows how they're pretty wise even at a young age, especially the second kid, just being wise is really a good gift in life. It would let you take the good decisions and be patient and it comes with a lot of benefits..

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. It's like a weapon with 2 sides and literally very risky and no one in the whole world can have 100% accurate predictions even if you visit thousands of witches to bring you luck. Only god knows the future not human being.

I'd assume life is really tough for him right now since he quitted his job and have no income resource after the few weeks that he spent in "fancy hotels" with girls and so on. That makes me remember an anime I have seen before called Kaiji which is kind of similar to what this guy did.

Anyway, I feel so bad for people who are addicted to gambling and I wish they'll quit this addiction one day, but at least gamble for fun, it's not a job tho, If gambling consider a job, it could be the riskiest job ever for losing your money.
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