Topic: Never Expect Consistent Winnings From Gambling - A Lesson I Learnt. - page 3. (Read 1391 times)

It may seem simple to say that gambling is entertaining, but I believe that addressing gambling addiction goes beyond mere entertainment. Money has a profound effect on one's mentality, and it has the power to alter one's thinking in many ways. One key factor in controlling gambling addiction from its root is addressing the issue of greed. The love of money is inherent in many individuals, and when money enters the equation, it can rapidly change a person's mindset.

As gambler, if one can manage to control the greed within themselves, gambling can be approached as a source of fun and entertainment. However, once greed reaches its peak, gambling ceases to be enjoyable. At that point, gambling becomes solely focused on doubling money, trust me, sports bettors that have incurred debts understand this temptation better.

I agree with you. Sudden success very often clouds the mind of the lucky man and he thoughtlessly spends money on all sorts of trinkets, forgetting that money should work and multiply. After spending all the money the lucky man becomes an ordinary man again and in memory of his former luck he keeps a smartphone and some other trinket.

To become rich and stop working yourself, you need to be able to limit your entertainment in the formative period and make your money work.

There are so many lessons we can learn from what op had written and this is a eye opener for people who thinks they can always have consistent profits from gambling which is very clear that most profits that we make are from other gamblers that make loses. Loses is normal in gambling just like when we talk about trading too where you can always make loses and make profits as the same time.

I always take precautions when I make loses in gambling because I wouldn't want to continue losing so I don't give out all the profits I had made at the previous attempts. Gambling can be very tricking and those who don't understand how it goes would think that we ought to be making consistent profits Everytime. Those who are betting with big funds and always show there result to the public most the big winnings they have, we should know that they also do make loses which is not always shown to the public.

Consistent winning from online casino is no more a gambling, if this happens to you it's a calling to move out of the online casino straight away, you might not get that lucky playing games for two weeks on such a platform again.

I don't always like letting winning get the best of me, whenever i start winning again and again I stop gambling and click the withdrawal straight, because what will happen next is a high numbers of losses.

It's not the same thing when it comes to losing continuously, when you have no winnings at all, if you keep losing and your threshold for the day is met, just take the loss wholeheartedly and quite for that day.

I fully agree with you, gambling can't be looked at as a secure, constant and guaranteed way of income. By nature randomness is involved in gambling, and even with the best possible strategy we won't be able to always win. The professional Black Jack players only manage to shift the expected values from slightly below 50 percent to above 50. It's not like they are going to win now every session they play, it's only the more they play the higher their chances of making a profit. That is why it's so important to look at gambling as form of entertainment and not a form of income. Gambling is only a business for the casino and it's a job for the people working for them. When we only use the money we can afford to lose and don't rely on making a profit it's not going to be an issue.   

This is something which is also very common with new traders, especially those which make some crazy trades by investing in a meme coin no one knew about and then they happen to win and earn a good amount of money, but instead of thinking of themselves as incredibly lucky this was the case, they actually believe those results can be replicated at will and they start to live the high life thinking this will be their new life, only to discover some time later they were completely wrong about it.

The story was not well written because many inconsistent activities are making it look untrue. This story might be true but the writer may lack some writing or storytelling skills. I have been around some persons that cannot narrate incidents in a simple, clear, and understandable manner. They keep on mixing things up until you get tired of the whole story. Others might not have abilities to arrange and put down words coherently and sequentially. They end up writing information in an uncoordinated manner that can make one doubt the write-up.

The story might not be true or badly written but I am sure everyone got the information. It is important to put out information in a truthful and organized but everyone got the moral of the story. The target was to enlighten us about the dangers of over-gambling and overspending. He tried to inform us of the need to maximize our wins in gambling because we might not be lucky all the time. He drove down the fact that easy money shouldn't lead to easy spending.

In some religions and country gambling is considered bad thing and it is banned strictly
You cannot gamble in Saudia, Qatar, Iran, Pakistan and other islamic states. So let me remind you they are considered bad.

The effects of gambling on player are dependent on how the player manage his gambling activity.  Gambling is not a bad thing if viewed as a form of entertainment and the person is in control of himself.  Though I disagree with @OP that gambling is not a business, I would say in a player's part that gambling shouldn't be viewed as a source of income that can replace our job.  Gambling result is always random and we might experience a green streak today but there is no guarantee that it will continue to be green streak tomorrow.  Those who are caught in the thought of gambling is a good source of income often ends up with nothing in hand.

Love the parable used here, but I  think both sons have valid answers of what experience is all about because this can be applied in different scenarios. Besides to learn a lesson.. sometimes you have to have first had experience to be able to tell others what you experienced... otherwise curiosity will force you to try something out to get a hard learnt lesson.

And looking at that  example of the arrogant gambler,  everybody knows that the house always wins, and it gets bad if pride gets to you thinking you are invisible when in reality its all about having a lucky day or run and take what you can...once you are back just know the house will reclaim whats left!

Its a silent killer if you are really making yourself that irresponsible on handling your finances and with your emotions.You would really be slowly putting up yourself into a big trouble if you wont be able to control it.

It all matters on how you would really be handling up yourself and be wary in regarding with your actions because if not, then you would really be putting yourself on so much trouble.
We shouldn't really make ourselves believe that gambling is all about winning and making yourself that get rich in short time.Always be mindful that it is really just for the sake of fun and entertainment.
There's no way that they would really be letting anyone to be on the advantageous side but rather they would really be the ones who do always win. House do always win in the end.

Dont make yourself get suffered first before you would be able to make out some realizations because gambling is risky if you do have that kind of belief or treatment into it.
Its not a get rich quick scheme or thing that you could able to deal with.

relax - everyone has their opinion and we must listen to them
In my opinion - Gambling is a silent killer - its kills you from inside. I don't know about the empty feeling when one loses its precious belonging.

^
Damn Poker Player! You really didn't ignore it. But I think the main point of the story is not about his gambling and losses but the lesson to be learned from the story to not start living like a king when you are not a king.

It's too early to live a high life when you have temporary riches. It's not like you are elon musk who has a government contract and got billions that even his grandchildren's children couldn't spend it all in their entire lives.

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.


Here it is not entirely clear from the way you put it whether the supposed friend (whom you call simply a friend in the other thread) won only for 3 days or for two months. From the way you express it it seems that you don't know it, but that it would be something in between, that he had a winning streak of up to a month or a month and a half.

3 days alone can't be because it doesn't give him enough to spend all the money you claim to spend or for, ahem,


Then there is something else to consider. The way you describe it, he is not a millionaire who has a big bankroll in the casino of, say, $50K and is making bets of 1% or less managing his bankroll. As you describe it he is a working man who making $700 a day for a while changes his life. So we can assume with high certainty that the money he went to the casino with on the first day is easily a few hundred dollars and at most a couple of thousand.

In other words, no one who knows how a casino works can believe that story. Which makes me think that most of the people who have commented in the thread have done it simply to meet the posting quota in the gambling section and/or have no fucking idea how a casino works.

Every time you bet in a casino, the odds are against you, and in the imagined story we can only have three scenarios.

The first is that the protagonist is betting with little risk, as in roulette on red or black. The other is that he is betting with high risk, which gives him a potentially high return on his bet, as when betting on a single number. And the third is a mixed scenario.

With the first scenario he is not going to get rich and there is not much to explain. As much as he can have winning streaks of flips a couple of days or three, winning streaks cannot be prolonged for much longer and it's not going to change his life for a couple of months. As for the risky scenario, if you play roulette on a single number, the odds of winning streaks after 2 or 3 days are much lower.

So this possibility is BS as well. And the mixed possibility is BS because the two scenarios on which it is based are BS.

If we saw the game as a service under which you should not abuse and that you only seek fun and that the fact of being able to "win money" with a touch of luck is something optional,I think that many addiction problems would cease and not never come back, because it's like paying for a cable service, internet, tv, whatever, it's something that gives you money to receive "something" and that's called fun, if we all had that level of maturity in the game, many people in the world who are addicted would not have that Problem and everything would be Different, neither would their Families suffer.

Incredible story but hope it will not end like your friend sells the car to gamble so he can recover losses since making 10 deposits per day at casinos.
This is how usually gambling addiction starts and the addicted gambler has no limits since he had already bought a nice car with gambling profits. Losing profit back shouldn't hurt as much as losing life savings, IMHO. This is the wrong mindset on gambling in theory but in reality, this is how gambling profits end tbh.

I agree with you but I think your friend was just a very big fool and there isn't no need pitying for him and reading this from another view, there are people who live a very nice and comfortable live off gambling and it all depends  on what you u tend doing with the proceeds from the winnings.
There was a friend I had who got a major winning from a casino and he went straight to buying of a car which he uses for Uber and today his already living a comfortable  life simply because if his choices and not just gambkjngbabd yes gambling will always be referenced for the credits and success of the player but at the end what makes him is his choices..

Why would any rational gambler expect that from a casino that makes daily sevices and expenses on their own? I mean, gambling isn't some -"Cake sharing ceremony" - i personally believe LUCK has a big role to play on every game that's played - Both on the players and the gamblers end too. The players might really train good, with a formidable game pattern and that alone would determine atleast - 75% of the game...but on the gamblers end, everything remains a great uncertainty.
There's gonna be a whole time you won't even win on the easiest games, talk more of premier league games - that's actually where the consistency   makes it a different ballgame.

Sandra 🧑‍🦰

I don't really know what exactly players expect from a gambling site when they start gambling. Often they win with a certain strategy in the beginning, you have then made a certain expectation pattern for yourself, so that it seems that you are really good at gambling. However, that moment when you lose once will come naturally. and then it's only a matter of time before you realize that it's pure luck. But some go for their luck and try not to think about losing. You can do it that way, of course.

sometime one is lucky to have received money unexpectedly
and sometime people work so hard and with honesty that they do not get the funds from any resource.
so luck is so important - which is very obviously!