Topic: Never Expect Consistent Winnings From Gambling - A Lesson I Learnt. - page 6. (Read 1391 times)

I can already feel that this "plan" of his was getting rich off of gambling. I mean, it isn't that impossible from his pov, it already happened once after all. Sadly that "once" would probably be the maximum chances of his successfully being one through it.

I've made the same mistake before, not through gambling but well, thinking that money was easily gained after getting an opportunity, it wasn't long lasting though and after a few weeks I was luckily able to realize how dumb I was in assuming everything would remain the same till the end, so I don't really blame him. Even if he saw it happen to someone else and vow not to become one, some events just tend to push us in becoming really short sighted.

most of the time people make fun of the person who has been fooled
But we must not do that - we must curse the culpert and support the victum

Every day is not a sunny day.  The same goes with gambling.  You might have a streak of luck for days but eventually, luck will expire leaving us with a series of losses.  we all know that gambling result is random, and this does not exclude sports betting.  The proof is the upset wins recorded in sports.  So relying in gambling to replace our day job is the worst decision.


I don't think people deserve to suffer but no one to be blamed if that person becomes broke but himself.  His poor decision had made cost him his job and his gambling addiction had cost him to lose his money.  I think it is not late to change for this person.  He still has his knowledge and skills, he can apply for a job to meet his needs.  He just needs to change for the better and support from someone close to him to straighten his life.

it is fun and entertaining if you are using your spare money in your games. but when you are using your money to pay for your bills, that's more exciting because you have your adrenaline rush and the aim to win is much higher.  but that's not really a good example as we all know. gambling is gambling. so no guarantee of winning here. treat it as a lost money so you won't expect anything. but guess what, people have their high expectations as. some treat this as their possible saviour from debt or any money-related compromises...sadly

It is true for businesses but no one can say the same on the gambling industry where everything is well calculated and dedicated in favor of the house. Eventually, that person will lose everything on day if he can't quit gambling while being profitable on the same gambling strategy. There is no guarantee and it leads to addiction at one point. I suggest reading some horror gambling stories on the Reddit platform to find out what is the reason gamblers fail sooner or later.

A very great article indeed, and one i believe every gambler must learn a thing or two from, gambling is one of the ways to have fun, but like they say that too much of everything is bad.
From what I've personally experienced, gambling is always exciting until we begin to attach emotion it, that is emotion can come in form of need to  make profit at all cost, which is when we begin to realize that we are loosing money, and this realization triggers an urge that pushes us to want to at least, win back the money we've lost, this is where chasing after losses come into play, and little by little, addiction sets in..

This is a warning we all must never stop sounding to the gambling community, in as much as some times, we want to make some profit gambling, gamble with your head and not your heart, for the moment you start gambling through your heart, be rest assured you've just began your journey on the path of destruction.

Someone whose been aware on whats the risks and whats gambling in the first place wouldn't really be ending up on pointing out fingers or to someone whom they could blame off with. You cant really be ending up
on this one if you are really just that aware on what you've been doing. Just dont make yourself do spend on what you cant afford to lose on which most gamblers do really ended up.This is why its better to be sensible when it comes into your actions because you cant really that able to tell on what would be the outcome and this is why you should really be that sensible towards on what you've been doing.

Gambling does impose huge risks and it is really just intended for fun which most likely you would really be that on the losing side in the end of the day. Some people are really just that  anticipating or expecting out
too much on the time that they would really be getting some winning streaks, on which they would really be having those thoughts on getting rich in no time. Once you do start up with this kind of mindset then
you would definitely making out some actions afterwards on which it would really be not so shocking if you would really be ending up on a disaster or simply
would be able to see different outcome.

after I made a post on this thread, and today I saw it again I was curious to know more about the people who already lost everything in gambling, they also thought that they would have consistent gains, but unfortunately the reality is that you don't make money with gambling bad luck, for example in these cases:

Biggest Gambling Losses Ever: Horrific Gambling Stories About Gamblers Who Lost It All




Charles Barkley

Total amount gambled: $30 million
Incurred losses: $30 million
Game of choice: Baccarat, Roulette, Dice, Blackjack

see that he deposited 30 million and lost everything, he won nothing

Maureen O’Connor

Total amount gambled: $1 billion
Incurred losses: $13 million

according to the article she was very good at gambling and that's why she didn't lose much but still she kept asking her husband to give her money from his charitable foundation so she would take the money and go gamble, this is a great example of how far a gaming addict will go to keep playing

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

In this article, there are many stories of people's failures in gambling, only a single person succeeded in gambling, which shows how clearly it is something very difficult to make a profit in the casino, rich people can afford to gamble for fun and losing more than 1 million dollars, but for someone poor to play for a long time with the hope of constant profits can lead to bankruptcy, addiction and end up in suicide or jail. It is easy for a person to become addicted to gambling, and it is very difficult for a person to kick the habit. I hope people don't play thinking they'll make a profit, they play for fun

I don't think one should compare gambling with a business. You can of course expect constant guaranteed profit from a business as long as you have worked very hard on it and have made it reach a position where you know you have enough returning customers and new customers and you will surely always be in the business if you constantly work on it.

On the other hand, no matter what you do, there is no guarantee for you to have constant profits in gambling and there will always be days when you lose and you might win some days because gambling is purely based on luck.

I am afraid that anyone going through a situation like that could have no "next time", usually people in that situation needs people who care about them so they can recover through support and intervention and he destroyed his friendships as soon as he thought he was above all of them.

From now on, if he does not ask for forgiveness and becomes humble, his life may turn into a descent into crime.  I wonder what all his family thinks of him, by the way.

There are people who understands well about gambling and have plans accordingly. Most of the gamblers have similar mentality to win big. Human minds never gets satisfied and the same is being utilised. Whether the winning is big or small we should enjoy it than focusing on something specific. It isn't a career or a dream to run behind. As the final statement says, Gambling is for fun and not for living.

Almost everyone could've had similar incident. I entered just with $1000 with the eager to multiply it to $2000. Lost it on the same day and I was able to make it $5000 the same day with another $1000. This made my day and from there I've been losing. I don't know, whether it is happening normally or for some reason. But, these things drive more people towards gambling and loss big money.

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.

If he is broke now and roaming around the streets, he deserves it so that next time he won't be arrogant and proud if he wins big. This is the result of how someone who don't understand the pros and cons of gambling with end up. Gambling should be seen as fun and not for making money to avoid regretting our actions.

Long time ago i heard a story from an old gambler. He told that right at the start of his gambling "career" he won a huge jackpot. I thought to myself that maybe i would be that lucky some day, but he stared at me and said that at the time he didn't realize that it would be his biggest loss.

What he meant by that was that now there was a seed in his head that this would be possible for him to recreate by gambling so he kept on gambling and never got the jackpot again. We don't understand very low odds not to mention 1:10M odds. And when we are not happy and quit after getting filthy rich, we are never going to quit. So the guy was in loss already after gambling high stakes after it, and when you have a seed in your head about some huge win and how that's possible to achieve, you keep on reaching it again when you should count your blessings instead.

Gambling is for fun, not for living.

Learning is always on the end and regrets would really be always on the end of the line or on the time that you wont really be having any money on your pocket for you to play on. Just let those people who do have  that kind of mindset on which they would sooner or later would be realizing on what the mistakes that they have done. There's no such thing about constant winning in gambling because if this one is really that indeed possible then we would really be all rich or lots of gamblers would really be making themselves financially free,but as we can see on the reality on which there's no way
for it to be real. Dont make yourself that delusional on these kind of things because it would really be just making you desperate.

Everyone has the pattern of contempt that he can earn/win money with gambling. It goes wrong the moment a gambler thinks he has made money, he then experiences as if it was a day's work at the office. Then things go wrong, because you tell yourself that you are good at it and losing is not going to happen. We all have the moments when we lose, the only question then is how cool do you keep yourself and can you limit yourself by not betting big? Gamblers who occasionally make money gambling at a sportsbook can only play profitably if they learn how to accept losses. But few succeed, if you even get that far to achieve a positive ROI.

Even the greedy gambler won't do such mistake. When someone is new to gambling we can see similar incident taking place, because they have an understanding through gambling we can be rich. Spending for few days itself gives the perfect understanding, it is really hard to make big money or lead life with gambling. Everytime we can't be lucky and any circumstances it won't assure consistent earning.

As said one can be felt pity, when something is done without proper knowledge or understanding. A person leaving his job is the extreme of being a fool. Atleast he could've sustained in the job and spend on gambling.

When we do speak about 3rd world countries then these amounts would really be that significant on which $100 could even might a one month salary for some which i've known some people or friends who do a job
for this particular amount on month basis. If we do talk about earning on daily then it would really be that having an extravagant way of living but for those who do live on 1st world then it would really be just that a dust amount to consider. If someone do make out some considerations on having a huge capital just aiming to get $100 per day then i would say that it would be only viable if you do make yourself that deal up with
sports betting or would really be engaging with card games like poker but of course it would really be depending on your skills and it is something that cant really be that just that everyone could be able to attain.

To the fact that no matter how skillful you are, you would really be that still having no guarantees whether you would really be winning or not.We know that gambling isnt really that something that you could
really assure because of the risks involved which it isnt something that recommendable on thinking up this way. It doesnt really fit out on the category on which you would really
be making this as a living. You cant really be sure  off and its not good on having these considerations.

This is stupidity at it's finest, how can one leave his job for gambling? Something that doesn't rely on your skill or hard work, gambling is completely a gamble, hundred percent on luck, how can one take this as a month salary earning job? LMAO

I don't feel pity for this fellow or anyone who do the same, there is no other words to describe this than stupidity, he deserves everything that happened to him, he is also greedy but that's normal, something you can learn the hard way but losing your job because you believe that gambling is the answer is crazy.

The thread you are talking about is still pretty active, what the guy was aiming for was to spend earn that much every day with a capital or bankroll of $2,000, which if possible, everyone would be doing by now and get rich in no time. $100 a day might not sound that much but for every day on a constant basis, it is more than enough.

In a third-world country, you can live a luxurious life with $3,000 a month, so that obviously is a lot of money for a lot of people. The point is, it's not possible to have consistent winnings from gambling.

Gambling is a form of entertainment and should only be seen as that. It is neither a primary source of income nor a side hustle. It is purely based on luck and chance events. Anyone who looks up to gambling as a source of income is eda a beginner or someone looking for something who will certainly get disappointed in the end. Lastly the moment you feel that you cannot control your gambling or talk to someone about it I'm sick for help.