Topic: Never Expect Consistent Winnings From Gambling - A Lesson I Learnt. - page 8. (Read 1391 times)

So, the theme of our discussion is never to expect consistent wins from gambling. well, looks like we agree, in fact most of the community would probably say the same.

Speaking of gambling, I'm sure every gambler has a dream of getting consistent results. even hope, to get abundant victory one day. although in reality, in practice it is very difficult to realize even in the type of gambling that involves expertise. in fact, the probability of winning that we have, is smaller than the ratio of losing. then, why do we keep gambling. the reason is classic, apart from having fun we hope that today luck is on our side. therefore, we will always be compelled to engage in gambling. after all, if we're lucky, the reward we get can be many times over and I think that's part of its uniqueness.

Despite the fact, there are impacts that can affect us psychologically if we don't have a good understanding of gambling. plus, be responsible accompanied by self-control.
then, is gambling a business. it depends, if you act as a casino owner, then you will make a profit from the business that you are running. but if just being a gambler, I agree with what you say.

Based on the second story you told, by the way. This phenomenon is not new to me personally. this applies especially to gamblers, but can be related to real life. where when someone is in a prosperous situation whether it's from business or gambling, they tend to forget themselves. "in this case for people whose economy is middle to lower". which in the end, someone who is lacking in terms of his own human resources, often, he wastes what he has achieved before. which in the end, he fell back in his life.

really the story of a tragic person, gambling in casinos especially those based purely on luck like slots or dice cannot be made into a main job because the income we get (wins) will never be stable

and most of the many cases that occur, people who make gambling as their entertainment, have more chances to win than those who make gambling as their main income focus

mindset is very influential on the habits and also the future of each person

That is why in the world of gambling there is nothing consistent. That is a fact, where everyone must think rationally and professionally, the true purpose and meaning of our entering the world of gambling, Unfortunately, many of our friends think that gambling is the main element for consistent income. reality is just an illusion.
so that they forget in real life and act in a criminal manner when they experience successive defeats, so that it darkens their eyes to do something that is detrimental to themselves and also others.

I realize that gambling is like digging a mountain, the more we dig the mountain, the wider and deeper we are never consistent, never satisfied and never find what we are looking for, for that, from now on I think gambling is solely done for the sake of pleasure, never hoping to achieve something that has never been achieved.

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.

I would not quit my job even if I had enough money for 10 years of carefree life, because my goal is not to spend the money I have earned, but to multiply it. I agree with the forum users who think this guy was stupid for believing in himself and quitting his job. I think he is already regretting what he did.

You are very right about this, like I said in the op, gambling can never give one a consistent cash flow, and to be sincere, from my personal experience, the days which a gambler loses money, most times is more greater than the days the gambler wins..

It is a stupid decision for one to leave his steady paying Job to face gambling, except on the reason that the individual own his or her own gambling Casino, even at this, it is very important to make sure that the casino is already doing very well before leaving your steady paying job.

The moment a gambler decides to leave completely his job so he can focus on gambling and gain bigger income, that is a total stupidity. No man has the right thinking to leave his stable job out from gambling. The only lesson I get here is gambling will never guarantee you to be profitable consistently. In times you’re lucky, you might be making profits but since most of the time we never get luck, so we always lost the chance and end up gambling at the losing end.

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.

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 .

Sorry to hear that your friend lost everything, but this doesn't come as a surprise to me. Gambling is not a profession that can be used a full time job in my opinion. We all know that casino games are designed in a way to guarantee the casino is making long term. The so called house edge can be found in almost every game and means that if the number of gamblers and games played is large enough the winnings will be close to the expected values, which are positive for the casino and negative for the gamblers. The randomness aspect of gambling of course means that there can be winning and losing streaks, but this is not going to be the norm. Also there is no real winning chance for most of the casino games, so we can't rely on gambling as consistent form of income. It's good that your friend is looking for a normal job again and tries to get life in order. Hopefully he has learned his lesson and will use gambling in the future as a form of entertainment and not as form to reliable income.

Such stories are nothing more than rubbish, witches can't make you lucky or make you win in gambling, your luck and your destiny can't be changed that way. And it does happen when you become lucky and win consecutively for a few days and that is when you start thinking that it might work even after all those days.

But what happens is that you start losing after that winning streak which is always going to happen since it's gambling and it's based on your luck, and no one in the world in my opinion can be lucky all the time in their lives.

He should have become self-aware of what he's got and know he has a problem that must be cured. But if he can't learn from his experiences or even get deeper into gambling, no one can help him and he will only get worse from gambling.

When someone has money, is used to gambling, and has no self-control, he will only use that money to gamble. He will not think about his life or start a new life without gambling. Maybe someone else should stay with him while he's at home or out and about so that person can keep an eye on what he's doing. And if he wanted to gamble, that person would pull him elsewhere.

That's the thing about life, we do get education because there were other people who learned these stuff and then passed it along, thanks to that we ended up learning from them and not needed to start from scratch, this allowed us to start from a good position to begin with and then put on top of that as well, and for generations how humanity improved that way. Obviously there are a lot of people and situations where we could end up still doing the wrong thing because humans are like that, we rather enjoy then be right.

For example, smoking hurts you and kills you, it gives you lung cancer, we learned this long ago with medical research, we are aware of it, and yet we still do it. This is why gambling could be a good example, you can learn from it and yet may end up doing the wrong thing anyway.

if the person is wise in responding to his problem or the lessons he has learned, he should think about the long term such as curing himself from gambling addiction or if he is not an addict he can go to a psychology doctor to get a solution to improve himself before getting a new job.
because it's only useless if you still have a great desire to gamble when he has got a new job, he can spend all his salary on gambling and it gets worse.

When you start gambling you don't think about possible losses. Of course you don't want anything to do with that. Gambling and winning is the same as gambling and losing. Because of the house edge, you will normally always gamble at a loss in the long run. I can few gamblers who can make real returns from their gambling activities. It could be, but then you have to play with coarse bets and especially stop at the right moment. People who spend an entire evening in a casino can also see this as a night out, it does not necessarily mean that you are gambling your entire salary there. People who win big at gambling will assume that they are very good at gambling and that their strategy is profitable.

Hopefully, he can learn from his experience and never repeat the same mistake. And if he is already experiencing a gambling addiction, he should ask for help from other people to help him cure his gambling addiction. And that he has to do before he has a new job so it won't make him go back to gambling after getting a new job. If he cannot cure his gambling addiction, it will not make him stop gambling but will only make him sink deeper into gambling because, from his new job, he will be able to earn income to gamble again.

It's very important not to be comfortable that you will be every session its ok to have confidence in playing but not all days are the same, there are times that you will 3 to 5 in a row and then lose 2 to 4 times in a row, there's no such thing as a lucky charm in gambling or born lucky, if you are comfortable thinking that way you will be in trouble this is the kind of mindset that never accept losses, so always check your mindset.

He must have learned the lesson now being the elder son in that parable and then we as the second sons must learn from his mistake.

Not all can absorb the lesson actually until they suffer it themselves. Putting yourself in his shoe can be difficult for some of us, not everyone can reflect until theyve lost something big.

When a person earn a riches, he could think they are on the top forever.

You're a quote lover, aren't you? But yeah, learning from others won't make us 100% immune to mistake but it is essential so that we can reduce the effect of the mistake. There is always a reason on every actions that we are doing but gamblers who made a big loss usually have the same reason and that is they got greedy. They think they can win more or they are only trying to increase their balance.

Like you said earlier, nothing is perfect in this world therefore id say that those people are still normal. Maybe some of us here can't make a big mistake in gambling but im pretty sure that there are other areas in life where we commit it.

Gambling is a huge business but not for us. You can make it as a business if you've got networks of referrals or you're an influencer that's known in the gambling scene. But if you're just someone who casually gambles, yes, this isn't a business but just some way you want to enjoy and expect a little to get some profits and it's not daily. It's a terrible idea to quit your job and replaced it with something you're still unsure about. His emotions got him that he'd be lucky every day but that didn't happen, well, he's got an iPhone, he bought his hoe an iPhone and enjoyed it with his money. Maybe if that's what success to him, he'll just rely on that memory he's got but still too hard to deal with in that situation.