Topic: Never Expect Consistent Winnings From Gambling - A Lesson I Learnt. - page 7. (Read 1445 times)

But in my perspective, expecting to consistently win at gambling is being greedy. It's similar to expecting a guaranteed constant profit in business. There will always be times when you win and times when you lose. You start saving during your winning streak.
You claim that the individual in issue is greedy and that he allowed his love of money to sabotage his potential or, to put it another way, his luck.
His reliance on gambling as a source of income was his worst error. Let's hope he took this as a lesson.

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.

Can't really vouch nor confirm the validity of your story but that doesn't make the message all the less relevant. Just a couple of weeks ago I saw someone in this very board asking for ways to earn $100 consistently through gambling, which is of course a farfetched dream and a miracle that will never happen.

It probably does give them a sort of satisfaction when others envy their wins and praise them for being so lucky, even if they are not really lucky and everyone once in a blue moon manages to get some winnings which is not a big deal, a big deal would be if your win over loss ratio is high and you are not still recovering from what you've lost in the past.

A real honest gambler will always declare their losses as well and admit that even if they've managed to hit big this time, they have seen a lot of loss streaks as well in the past and now it feels good to finally win something.

People believe that you can make money from gambling because these so called lucky people only shows their winnings they boast their winning to people because they get satisfaction from boasting their winnings but kept quiet when they are losing, this is one part of compulsive gamblers they derive their happiness from making people believe that they are expert and lucky in gambling, but in reality these compulsive gamblers are knee deep in debt.

I have seen a lot of people creating threads to post their winnings and bragging that they know how to win but they cannot keep up because there are days that they have a long losing run, even if they tried to win they cannot so their thread gets buried because they have a hard time winning again.

Agree, I don't know what's up with these people who keep on making some thread to share their winnings because I'm somehow confused between the lines where I'm not sure if they are bragging or just wanted to be famous (even if that is not really achievable by doing those kind of things). Even the so-called professional gamblers are not exempted from loss, they too have their own share of defeats in gambling but the beauty about them is that they know how to control and know how to bounce back from that loss so that their status will be maintained.

I have seen a lot of people creating threads to post their winnings and bragging that they know how to win but they cannot keep up because there are days that they have a long losing run, even if they tried to win they cannot so their thread gets buried because they have a hard time winning again.

Only those who are extremely lucky manage to get winnings from gambling and that too isn't permanent, even the luckiest people start losing after a few days of their winning streak because that's how gambling works.

Gambling is not something reliable thing which you can trust and use your everything in that,  this thought and act of totally depending on it is foolish .
You can do gambling as fun and with limited resources so that If you loose you don't end up being broke and depress .

I don't think he can quite gambling so easily after experience such huge and massive  win, the best he can do for himself is to just lay low for some time and let his pride, greed and ego go because that's what actually caused his problem in the first place. Not everyone in the world today knows how to control money so many just let the money control them and its very bad because money amplifies someone character and its bring out the natural character of the person.

so sad, how long do we keep the advice coming before some persons are able to understand how life plays??
To everyone, there's an opportunity to make it big but we often times abuse this opportunity and expect that it'll last forever. I am not against him quitting his job, probably that was the space he would have needed in order to think and make a proper plan, squandering the money on frivolities instead of investing it in something that'll stand the test of time was stupidity on his side...

I see his circle are nice people.to even accept him back proves that, that kind of person cannot be my friend.

Let's begin with a story (more like a parable) which I think is familiar to some of us...

A Man on his sick bed called two of his sons, and asked both of them, "you both have heard that experience is the best teacher right?"

They both answered - "yes dad"

He then asked the first son - "you my first son, how or what is the best way to learn from experience?"

The first son, after thinking for a while answered "learning from my mistakes, that is, never making the same mistake twice".

The father answered - "that's very good my son, you've answered well".

Then turned to the second son, and asked him the same question..

The second son answered immediately - "it is good to learn from my mistakes, but I think it is better to learn from other people's mistakes, so that I won't have to make mistakes myself before I learn".

The father looked at him and was short of words to empress himself, he told both of them to go, but later called the second son privately and said to him, "I am astonished by the level of your wisdom, you can't take your elder brother's place as my first son, but I put him under your care, do all you can to keep him from taking wrong decisions".

Now, To the main discussion...

Please note that I've previously touched on this topic HERE, but I decide to escalate it as a topic to better reach more gamblers who possibly could learn from the experience..

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...

For most of us in my area here, it was like he did a charm, I personally envied him to be sincere, but not with any evil intention , I only wished I was as lucky as him..

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.

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.

but in my opinion, if he has become a gambling addict, it will be very difficult for him to be self-aware because in his mind he is only gambling and winning big. It is this mindset that causes a person to become an addict when he wins large amounts at gambling and he feels and thinks about the results or big profits from gambling.
and it would all be better if the people themselves who wanted to live better avoided gambling or took gambling less seriously as just entertainment.

that's all I say from my own experience that I've been an addict.

For most of us in my area here, it was like he did a charm, I personally envied him to be sincere, but not with any evil intention , I only wished I was as lucky as him..

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.

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.

If I had the money to live carefree for 10 years I would definitely quit my job and just do some side jobs,part time like 2-3 hours a day just to keep my brain active but the thing that most people fail to understand is exactly this multiply of money is what keeps people busy until the realize they have not much left to live and that is the biggest mistake anyone can make.I have my boss,he work like he is 20,stays awake and does not sleep and his life is a misery,he keeps staying in the office 24/7 and I don't get it,now he is 67 and I doubt he will live that long based on his way of life,he surely has not enjoyed money trying to keep multiplying and keep multiplying.It is funny as the daughter in law or son in law will enjoy his money,what a pathetic way to live one life in my view.