Never Expect Consistent Winnings From Gambling - A Lesson I Learnt. - page 4.

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Quote from: Doan9269 on May 19, 2023, 05:00:27 AM

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.

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Quote from: danherbias07 on May 12, 2023, 05:43:11 AM

Quote from: tusandii on May 12, 2023, 03:21:40 AM

Quote from: Silberman on May 12, 2023, 01:18:46 AM

I have no doubts there are indeed some gamblers out there which can indeed make a living out of gambling, but how many of those that try actually reach their goal? While the lifestyle may seem attractive to some, very few have what is needed to achieve this goal, and this is because most people are used to work a 9 to 5 kind of job in which they know in advance how much money they are going to be paid, but a professional gambler has no idea at all of how much and when they will earn any money, adding a great deal of uncertainty to their lives.

Actually making a living from gambling is not the right move because in gambling there is no certainty that gamblers can get wins more often so they can collect profits consistently.
In the gambling industry the only ones who can turn a profit as a source of income are the casino owners and the team that operates the casino.
I'm not sure gamblers can make a living from gambling, there are many gamblers that I know and they always experience economic difficulties if they really prioritize gambling as a place to work or make a living.
It's better to have a steady job and make gambling a place of fun so if you're lucky there will be a win that will generate some profits.
Professional gamblers, they don't think of making a living from gambling because they only use gambling to make it a place of entertainment and test their luck.

No certainty, this is true. The same with trading, you cannot just rely on the profits it gives because there will be bad times and especially when you are supposed to pay something like bills and other stuff while you earn nothing.
I don't recommend it to any of my friends this kind of habit, it's not healthy because you are risking money in exchange for making more, while just having a job is offering your skills in exchange for a weekly/monthly wage.
What's the purpose of all the shit we go through in school if we cannot even use it to make money without risking our own? I mean, are we just going to use all the knowledge we have learned just for our hobby which is gambling? I don't think that is right.

What are your thoughts? As hard as a rock. Absolutely agree with you. They claim there's always a tidier house at the end of the day. However, it's possible that people attach varying levels of importance to gambling, just as they do to other activities

Consider the game of poker. Some would argue that it is more of a skill game than a game of chance. Pro athletes? They don't just throw a coin; rather, they study the game and develop techniques and decision-making skills. Perhaps the real problem isn't with gambling per such, but with the erroneous belief that it will make one rich

If you flipped a coin, would you invest the same way? Do we dare call it a gamble? There is no guarantee of success there, but we also don't discourage others from trying. A guiding principle? Acquiring game knowledge, calculating risks, and exercising restraint. When individuals start viewing gambling as a way to get rich quick instead of a hobby with inherent dangers, then we have a problem, right?

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Quote from: Silberman on May 12, 2023, 01:18:46 AM

I have no doubts there are indeed some gamblers out there which can indeed make a living out of gambling, but how many of those that try actually reach their goal?

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, he has to be engage in doing multiple things at a time to enable him have two or more means through which he generate income from in gambling, such could be in placing bet, running a campaign for a gambling platform, one can also be their developer or apply as a casino operators and many more and get paid than relying only on betting to meet up to standard of living.

Quote from: Silberman on May 12, 2023, 01:18:46 AM

While the lifestyle may seem attractive to some, very few have what is needed to achieve this goal, and this is because most people are used to work a 9 to 5 kind of job in which they know in advance how much money they are going to be paid, but a professional gambler has no idea at all of how much and when they will earn any money, adding a great deal of uncertainty to their lives.

It's not every gambler that can have interest in this kind of situation, gambling is not a fix or guaranteed means of earning money, one can rather be loosing more than earnings from it if he so depends on the bets he made, but as being said earlier, additional means through gambling will make things work out more, one can get money which other job couldn't offer.

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Quote from: Alisha-k on May 16, 2023, 03:02:38 AM

Quote from: madnessteat on April 26, 2023, 12:24:22 PM

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.

you used for long??

They can't even be loyal at all, the only go meek when there's something the want to get from you, and 1ce that's achieved, they stab you without minding.

Such persons are not worth mingling with, and the always have this "I am right feeling" they're the once with the mindset that money can buy life.

I agree, money does not really change people it just reveals who they were to begin with, the supposed friend of the OP went crazy after winning an amount of money that did not even justify that kind of behavior, and yet it happened, so while they may try to help him out of charity as to not let a former friend to fall so low, at the same time any kind of close relationship should be avoided at all costs as he has shown already the kind of person he is.

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Quote from: madnessteat on April 26, 2023, 12:24:22 PM

Quote from: Fivestar4everMVP on April 26, 2023, 11:26:57 AM

~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.

you used for long??

They can't even be loyal at all, the only go meek when there's something the want to get from you, and 1ce that's achieved, they stab you without minding.

Such persons are not worth mingling with, and the always have this "I am right feeling" they're the once with the mindset that money can buy life.

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Quote from: Cryptock on May 14, 2023, 06:51:20 PM

I always look up to the lucky people who makes so much money - God knows how people become rich overnight
I wish I become one of those - because I always loose money - never in my life I have been successful

I do not think there is a single person around the world which would not like to become rich overnight without having to work for it, but as you realize this only happens due to dumb luck, and since we cannot depend on our luck, because if we did then we will probably have to wait for the rest of our lives and obtain disappointing results, then we have no other option but to work hard towards our financial goals so one day we can finally realize them and live the life we wish for ourselves.

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Quote from: KTChampions on May 08, 2023, 09:03:53 AM

Quote from: Slow death on May 07, 2023, 02:08:53 PM

~
Harry Kakavas

Total amount gambled: $1.43 billion
Incurred losses: $20.5 million

this guy was someone very skilled in gambling, according to the article he played for 16 months and managed to win $1.43 billion, but he lost 20 million, compared to the profit he had losing 20 million was not something to worry about, this is also a very interesting fact and rare case, unlike most people who leave casinos with high losses he left the casino with high profit, luckily for him, but people shouldn't copy this guy, hardly anyone can achieve that success nowadays, winning at the casino is a very difficult task, not to say impossible
~

Am I the only one who thinks this is some wild nonsense? What losses are we talking about if the dude won 1.43 fucking billion dollars? Probably I have not seen more crooked statistics and erroneous accounting of money. It seems that someone had the task of writing only about losses, so he wrote down even obvious successful cases there under any pretext.

I always look up to the lucky people who makes so much money - God knows how people become rich overnight
I wish I become one of those - because I always loose money - never in my life I have been successful

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Quote from: tusandii on May 12, 2023, 03:21:40 AM

Quote from: Silberman on May 12, 2023, 01:18:46 AM

I have no doubts there are indeed some gamblers out there which can indeed make a living out of gambling, but how many of those that try actually reach their goal? While the lifestyle may seem attractive to some, very few have what is needed to achieve this goal, and this is because most people are used to work a 9 to 5 kind of job in which they know in advance how much money they are going to be paid, but a professional gambler has no idea at all of how much and when they will earn any money, adding a great deal of uncertainty to their lives.

Actually making a living from gambling is not the right move because in gambling there is no certainty that gamblers can get wins more often so they can collect profits consistently.
In the gambling industry the only ones who can turn a profit as a source of income are the casino owners and the team that operates the casino.
I'm not sure gamblers can make a living from gambling, there are many gamblers that I know and they always experience economic difficulties if they really prioritize gambling as a place to work or make a living.
It's better to have a steady job and make gambling a place of fun so if you're lucky there will be a win that will generate some profits.
Professional gamblers, they don't think of making a living from gambling because they only use gambling to make it a place of entertainment and test their luck.

No certainty, this is true. The same with trading, you cannot just rely on the profits it gives because there will be bad times and especially when you are supposed to pay something like bills and other stuff while you earn nothing.
I don't recommend it to any of my friends this kind of habit, it's not healthy because you are risking money in exchange for making more, while just having a job is offering your skills in exchange for a weekly/monthly wage.
What's the purpose of all the shit we go through in school if we cannot even use it to make money without risking our own? I mean, are we just going to use all the knowledge we have learned just for our hobby which is gambling? I don't think that is right.

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Quote from: Silberman on May 12, 2023, 01:18:46 AM

I have no doubts there are indeed some gamblers out there which can indeed make a living out of gambling, but how many of those that try actually reach their goal? While the lifestyle may seem attractive to some, very few have what is needed to achieve this goal, and this is because most people are used to work a 9 to 5 kind of job in which they know in advance how much money they are going to be paid, but a professional gambler has no idea at all of how much and when they will earn any money, adding a great deal of uncertainty to their lives.

Actually making a living from gambling is not the right move because in gambling there is no certainty that gamblers can get wins more often so they can collect profits consistently.
In the gambling industry the only ones who can turn a profit as a source of income are the casino owners and the team that operates the casino.
I'm not sure gamblers can make a living from gambling, there are many gamblers that I know and they always experience economic difficulties if they really prioritize gambling as a place to work or make a living.
It's better to have a steady job and make gambling a place of fun so if you're lucky there will be a win that will generate some profits.
Professional gamblers, they don't think of making a living from gambling because they only use gambling to make it a place of entertainment and test their luck.

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Quote from: Weawant on May 12, 2023, 01:54:04 AM

Quote from: Frankolala on May 06, 2023, 05:21:44 PM

He is not wise for him to think that gambling can be used to replace his job. He is also a greedy person, that is why he forgot that he can't keep on winning all the time there must be an unlucky day in gambling,which is higher that your lucky day.

He didn't think about his future when he left his job for just gambling. People that survive just on gambling are very lucky and very few. Others are just losers and you can see them on the street living a miserable life after the leave their job.

Job are steady money giving opportunity so you should never leave that for gambling. I wouldn't try quiting my job for gambling even with my winning rate been very high. Gambling is just luck and you can't be lucky everyday.

We have people surviving solely on gambling wins to take care of themselves but you have to see how miserable they're when they're not winning. That's not a life to live as you should be able to take care of yourself at all times.

I am not sure whether you see the losers on the street or not, but I am quite sure that the small number of winners are the only ones talking about their activities. That is a big problem anyway, also when people here on the forum share "strategies" and "proof" that their bets work out more often than those of others. You usually won't find people who post or share their losses they are generating from their gambling addiction on a daily basis. Now I get the point that sharing a big jackpot does even logically make more sense, but would they share it if it wasn't for the luck they had actually? Wink

If it was business at usual, why share it at all then.

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Quote from: Frankolala on May 06, 2023, 05:21:44 PM

He is not wise for him to think that gambling can be used to replace his job. He is also a greedy person, that is why he forgot that he can't keep on winning all the time there must be an unlucky day in gambling,which is higher that your lucky day.

He didn't think about his future when he left his job for just gambling. People that survive just on gambling are very lucky and very few. Others are just losers and you can see them on the street living a miserable life after the leave their job.

Job are steady money giving opportunity so you should never leave that for gambling. I wouldn't try quiting my job for gambling even with my winning rate been very high. Gambling is just luck and you can't be lucky everyday.

We have people surviving solely on gambling wins to take care of themselves but you have to see how miserable they're when they're not winning. That's not a life to live as you should be able to take care of yourself at all times.

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Quote from: QueenVera on May 11, 2023, 05:38:43 PM

Well I think it is very much possible to live a very comfortable and stable life from gambling and I've seen and I know personally someone who lives atkeast a comfortable life totally off gambling and some little business raised from gambling proceeds. He had a daughter nf a wife and lives in his own house and not rent and he also drives a car and also owns over two unisex saloons and all these were proceeds from gambling and what really matters is how well we live our lives when we make big wins.
I'm sorry your friend got carried away but the truth is that he never made judicious use of his winnings and that was why he went back to trenches and not necessarily because he was a gambler.

I have no doubts there are indeed some gamblers out there which can indeed make a living out of gambling, but how many of those that try actually reach their goal? While the lifestyle may seem attractive to some, very few have what is needed to achieve this goal, and this is because most people are used to work a 9 to 5 kind of job in which they know in advance how much money they are going to be paid, but a professional gambler has no idea at all of how much and when they will earn any money, adding a great deal of uncertainty to their lives.

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Quote from: QueenVera on May 11, 2023, 05:38:43 PM

Well I think it is very much possible to live a very comfortable and stable life from gambling and I've seen and I know personally someone who lives atkeast a comfortable life totally off gambling and some little business raised from gambling proceeds. He had a daughter nf a wife and lives in his own house and not rent and he also drives a car and also owns over two unisex saloons and all these were proceeds from gambling and what really matters is how well we live our lives when we make big wins.
I'm sorry your friend got carried away but the truth is that he never made judicious use of his winnings and that was why he went back to trenches and not necessarily because he was a gambler.

But there are only a few who can be successful in making gambling their source of living. The person you know is part of the small percentage who can really make money in gambling. This might inspire some who like to pursue their journey, but setting a limit is very important because it's only for the small percentage, and we can't force ourselves to be a part of it if we don't have the necessary skills.

With luck, you might win, but when we talk about consistent winning, skills are required.

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As some have said, and I will echo, gambling can absolutely be a business..but it's not a business for 99% of the people on this planet, and it's also a business that is HIGHLY volatile, so if you are to be a professional gambler (and there are many), then you've got to be able to ride the waves.

That guy from Chicago who was a recent Jeopardy champion is a professional gambler. He's got an interesting take on how it is to be a pro gambler.- https://www.youtube.com/watch?v=5uzSkEjO7TA

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Well I think it is very much possible to live a very comfortable and stable life from gambling and I've seen and I know personally someone who lives atkeast a comfortable life totally off gambling and some little business raised from gambling proceeds. He had a daughter nf a wife and lives in his own house and not rent and he also drives a car and also owns over two unisex saloons and all these were proceeds from gambling and what really matters is how well we live our lives when we make big wins.
I'm sorry your friend got carried away but the truth is that he never made judicious use of his winnings and that was why he went back to trenches and not necessarily because he was a gambler.

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Quote from: danherbias07 on May 08, 2023, 08:26:04 AM

It made me stop to read everything clearly.
I didn't know Sir Charles already lost that kind of amount in gambling, I thought he was the guy that would do sports gambling more because that is where his focus is instead of casino games.

Tiger Woods - $58 million. Whew!
Allen Iverson - $200 million. WTH!
These guys wasted a lot of their hard-earned money but I think they have more to spare that's why they can do it. I just don't understand why there's no one stopping them. I mean, my wife would probably leave me if she finds out I am betting $1000 in just one game or one round. Grin

That's just crazy in my world unlike those guys who make millions.

Sometimes doing the same thing over and over again is boring and that is what sir charles have felt there. He tried something different this time and that is by playing casino games. There are so many celebrities who are reported to be involved in gambling and the amount that they have lost is not shocking anymore to the most of us because they are also earning huge. I won't say those are hard-earned but once you are at the top, earning money would have become an easy task already.

This is the reason why they can recklessly gamble it. They are also a human like us. They have a wife, family, kids, friends which are also concerned about them but if they are able to continue, it only means that they are still playing within their limits.

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Quote from: rahmad2nd on May 10, 2023, 04:09:10 PM

Quote from: Cookdata on May 09, 2023, 07:03:01 AM

Quote from: Fivestar4everMVP on April 26, 2023, 11:26:57 AM

Snip

These aspects are often overlooked by many gamblers and also one-time gamblers. By "one-time gamblers," I mean those who only engage in gambling for the sake of having fun from time to time, disregarding the fact that luck is not consistently on their side. Not every day can be like Christmas, and that's why, in all my years of playing, I have never exceeded my predetermined betting budget irrespective of how many winning tickets I may have, I refrain from increasing the amount I allocate for betting. If my usual weekly sportsbook budget is $20, even if all my predictions turn out to be correct, including those with high odds, I ensure that my next stake does not surpass that $20 because over-excitement can make one make a mistake in the next game's pick.

If that's true, you are one of those people who have a very high level of consistency. In fact, to be honest, I didn't do as well as you did in betting sessions. by the way, maybe what you apply to yourself may only apply to a few gamblers. and one of them, you yourself.

By the way, everyone/gambler has his own way and like you do with your gambling. I personally, consider gambling to be a part of fun entertainment, especially football betting. in a week there are many matches that are held, we can choose bets on the team we like. it's just me, the bets I make vary greatly depending on my level of confidence in the team I choose. but that does not mean, I expect consistent wins. it's just that, with the little experience I have. plus, always involve insight when conducting research and analysis. which makes, I dare to speculate to bet with a high bankroll.
We all know and even realize that luck is not always on our side. but to minimize defeat, we can involve the resources we have. for example, knowledge, insight, skills and most importantly, knowing what we do. In principle, winning and losing is common in gambling. however, everything returns to the self-control we have. the same way, as you do.

We know that gambling is really indeed for leisure and its not something that you could really make it as a living on which it would really be that just not the right way on treating it out.
We've seen lots of chances or times on where even on sports betting where upsets could happen on which no matter how in depth your analysis would be but when luck isnt on your side
then you would definitely be having that loss and its not really that shocking at all. NO matter how good you are on sports betting then there's no way that we could be able to avoid losses
because its always been part of the game. You cant really be that so confident that you could really be having that winning state forever.

How much more if we do speak about luck based ones on which risks is much more higher? This is why its really a wrong perception and believes on having that
constant winning does exist. It isnt really gambling after all if we do speak about 100% winning rate which it cant be possible.

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Quote from: Cookdata on May 09, 2023, 07:03:01 AM

Quote from: Fivestar4everMVP on April 26, 2023, 11:26:57 AM

Snip

These aspects are often overlooked by many gamblers and also one-time gamblers. By "one-time gamblers," I mean those who only engage in gambling for the sake of having fun from time to time, disregarding the fact that luck is not consistently on their side. Not every day can be like Christmas, and that's why, in all my years of playing, I have never exceeded my predetermined betting budget irrespective of how many winning tickets I may have, I refrain from increasing the amount I allocate for betting. If my usual weekly sportsbook budget is $20, even if all my predictions turn out to be correct, including those with high odds, I ensure that my next stake does not surpass that $20 because over-excitement can make one make a mistake in the next game's pick.

If that's true, you are one of those people who have a very high level of consistency. In fact, to be honest, I didn't do as well as you did in betting sessions. by the way, maybe what you apply to yourself may only apply to a few gamblers. and one of them, you yourself.

By the way, everyone/gambler has his own way and like you do with your gambling. I personally, consider gambling to be a part of fun entertainment, especially football betting. in a week there are many matches that are held, we can choose bets on the team we like. it's just me, the bets I make vary greatly depending on my level of confidence in the team I choose. but that does not mean, I expect consistent wins. it's just that, with the little experience I have. plus, always involve insight when conducting research and analysis. which makes, I dare to speculate to bet with a high bankroll.
We all know and even realize that luck is not always on our side. but to minimize defeat, we can involve the resources we have. for example, knowledge, insight, skills and most importantly, knowing what we do. In principle, winning and losing is common in gambling. however, everything returns to the self-control we have. the same way, as you do.

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Quote from: Franctoshi on May 09, 2023, 08:46:48 AM

Quote from: Fivestar4everMVP on April 26, 2023, 11:26:57 AM

A supposed friend, he working and has been gambling for a while, recently got lucky, won consistently for 3 good days consecutively..

1st day, he won $670+
2nd day, he won $702+
3rd day, he won $692+
This are the ones I know and saw the slip myself...

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.

That's very sure you can't win regularly all the time, what matters is if comparing your wining rate to lost rate, if wining rate is higher you still on the profit side despite losing some.
This scenario is what I experienced from a trade that I took today, had a straight winning run that got me some reasonable amount of dollars, but guess what, instead of me taking a rest for the day, and due to some times one can just act stupid, I ended losing the profit plus my side of money. Once you've gotten a reasonable amount of winning, don't be too confident to place further bets take a break and do fresh a calculation next day or more.

If we compare the rate of loss with the rate of win, we should already be aware that our rate will be greater than the rate of win. And that should have made us know that gambling is not a place to make money, but we can still play gambling with restrictions. We can only increase our win rate just by luck, but unfortunately, luck will not always come your way.

If you can already make a profit, it would be better if you stop immediately to calm down because that will make you very happy. But unfortunately, we forget to do that and instead continue because we hope to get more profit. And that happens to many people along the way, and they still don't realize it.

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Your question deserves a longer explanation:

"I like your story.
I have a plan:
1\. What will be your first impression after this story, what will be your own expectations after that?
2\. Do you think gambling will make us feel like we are making money?

"The answer to that question is your decision."

"The answer is no, there's no guarantee wbling games. And if we don't give up then we won't win the games."

If you're a gambler, you have to decide what to believe about this story, how to handle it correctly and honestly. But the second thing is that if you can't be honest with yourself then you will face up to the problem of having a gambling problem. You can't make your decision based on a misunderstanding or misunderstanding of what you're doing but you can be a good role model with your friends.

Topic: Never Expect Consistent Winnings From Gambling - A Lesson I Learnt. - page 4. (Read 1462 times)