Topic: Never Expect Consistent Winnings From Gambling - A Lesson I Learnt. - page 9. (Read 1396 times)

This is so dumb and delusional that I don't believe it. I do believe the other parts of the story, about spending money for hoes and random shit.
Arrogance is the path to failure. I know that after winning a bunch of games, a player gets the false sense of "being good at gambling".
This is a delusion. He isn't good at gambling, he's just lucky. Luck comes and goes. I know that some gambling games like poker require skills besides luck, but even the greatest poker players can't win all the time. I really hope that your friend realizes the huge mistakes he makes in his life and tries to follow the path of self-improvement.

If the person is young, he should feel lucky that he can find another job that will help him survive. But he has to stay away from gambling because otherwise, he could develop a worse gambling addiction than before. Stories like that can happen to anyone where when someone manages to win big wins in a row, he will forget that it is due to his luck and will not get lucky again without experiencing defeat. And if he could come to that sense, he would have to give up gambling until he could control himself over the winnings he had won. But that all happened and he now has to find a job to survive and hopefully, he can get that job and also be able to leave gambling forever.

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.

Very common for new gamblers or to those who are just recently dealing up with gambling on which they do really believe that they could really get rich because of it just because they have able to win up some few games and ending up on being profitable which we know that this isnt how the reality works. There's no way for us to retain that luck factor which is something that we cant really be able maintain until we do lost it all.
You would really be having that kind of impression on which you do believe that you do have all the luck on this world without even trying to look on whats the real deal on gambling. Consistent winning on gambling cant really be that impossible, if you do been able to experience some winnings streaks then it would be wise if you do keep em and save it up for other purpose. Dont chase up for further more winnings
because once the table would turn upside down then it would really be giving off the different outcome which you arent been expecting for it to happen and this is where disappointments do start
which would mold up next that desperation which it is something that we do need to avoid.

Mostly where noobs do usually fall out into this category on which on the time that they do get carried away then they would really be having that thinking that they could make themselves rich
in no time. This is why their confidence would really be shooting up on the roof and having those beliefs that  they could really do everything they do want, until the reality do slapped hard into
their faces and telling that this isnt the reality that they are facing on but rather the opposite one, We know that we cant really be that lucky forever.
You might be experiencing some winning streak for how many days which is unusual for a certain person but if it does really happen then its good but its better and be wise on
ensuring out those profits before it would be losing it back into the casino.

Regrets do always happen in the end and it isnt something that do happen from the start. Never ever make yourself that committing that kind of mistake just because of some wrong belief.
Gamble on the amount which you can afford to lose, and if you do see that you are really that making some significant money then better to be wise on stopping midway
and cherish those profits and never make yourself that too overjoyed which resulting into overconfidence.

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..

Your acquaintance got a little carried away, he is neither the first nor the last. Sad story, in the end, he hit the bottom and it seems that it's difficult for him to stand up again.

It's why "gambling just with the money you can afford to lose" should be repeated often, it's easy for anyone to get carried away after a nice streak of wins... but it's gambling in the end, we can make a profit, but we can lose a lot more than we have if we are not careful and we let the desire for winning big to blind us.

And I agree, it's better to learn from other people's mistakes, but nobody is perfect and we all make mistakes... but if someone is "reasonable and normal" will not make a huge mistake just like that. This brings us to another smart saying "Think before you jump in", that can save us from many troubles.

It's possible that he's still young and didn't realized the decisions he made before but this kind of story happens even for older people. It's not really about the age. It's how the gambling ate them up and when they experienced winning, they'll start to think that they can easily win again whenever they want.

He is definitely a fool since he left his job only because he was lucky for a few days in gambling which rarely happens but he took it too seriously and started thinking that this has changed his life and now he can live a luxurious life away from everything that he had previously along with friends and family who have always been there for him.

Now when he is roaming around jobless searching for jobs and asking people for help, he must realize what he has done to his life only because he became arrogant and ignorant when he had some money in hand.

...
Feel free to chip in your contribution.

I think that in fact the guy in question is just still young enough and does not know how to manage money competently, so everything turned out that way. Such a person can be given a million dollars and in a year he will be left with nothing. In fact, $2000 is not that much money. There have been cases that I've lost more in a casino in one day, so there's no point in this guy getting upset about it, but he needs to find a job anyway.

I do not want to sound mean, but your friend sounds like a fool. It has been proven over and over again that gambling are not profitable in the long-run. Yes, some people are lucky to win something BIG in the early days, but most of them continue playing and then they lose everything.

This is why they say, "The house always wins" .... people win and continue playing and the RTP kick in and the house takes it back. I do not want to sound like a conspiracy theorist, but I think some casinos have methods to provide you with a good "seed" in the early days... and once they reeled you into gambling, they then swap that seed for a seed that makes you lose more often. 

I'm surprised that he lasted for more than a month while spending that much because I can't imagine how he managed the days when it wasn't profitable for him. He's also lucky that his friend is willing to give a helping hand when he's in a tight situation. I used to view gambling in a similar way back then but good thing i'm already past that point and now it's more like a group activity for me where I don't have to focus on winning and simply enjoy it regularly together with other fellow gamblers.

Did I read something wrong or are these two different stories? In the first case, the path from success to failure took only 3 days, and in the extended version of the story, it took 2 months. Let's say I'm ready to believe that there are such stupid gamblers who quit their jobs after three days during which they win 2.5 thousand dollars, but it's hard for me to believe that someone is lucky for 2 months.

Honestly, it's very tempting to think that way I used to have that in the early stage of my gambling session,  winning consecutively and having a winning run you'll think that you find a method for consistent winning and you go on like this until you are busted.

Many newbies are like that 3 to 5 winning sessions will make any newbies thinks they have a lucky charm and when they are losing they think that the charm will give back their winnings, so they chase their losses.
They held on to their belief that quitters never win.

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.

Money can change people's mindsets and attitudes, especially in gambling. That friend of yours have thought that he can always get lucky in gambling and relied on it to the extent of leaving his full time job. He didn't value the money that he got from his gambling winnings because it isn't really his hard-earned money.
Truly, regrets and lessons come last because when we are experiencing comfort, we enjoy and disregard our future needs which is a wrong attitude. Leaving a job for gambling will never be a wise decision. We can't always rely on gambling or even expect continuous winnings. We all want to win and be lucky but we should see it the right way or as much as possible, consider gambling as a source of entertainment.