Nobody wins in gambling anyway - page 11.

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Quote from: boyptc on January 22, 2019, 11:25:40 PM

Quote from: Stockr.co on January 22, 2019, 05:28:48 PM

This might be a hard truth for some people but we are always looking for an edge an a thril

Hard truth for some gamblers but saying nobody wins in gambling is absurd. A cycle will go on like the example of OP but the fact that they have won in the first place proved that saying nobody wins is wrong.

Count in small amount or bigger amounts, everyone will experience win it's just up to us if we will be greedy to gamble more and won't control ourselves.

Right, there are times when we will be lucky and win through gambling. But as I see, most of us will continue to gamble especially after we are lucky enough and most of the time, we will be stopped after we have nothing left to continue our gambling. Indeed, there are people who will stop gambling after they win some profits, but the number of people like that can be so small, I guess.

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Quote from: Stockr.co on January 22, 2019, 05:28:48 PM

This might be a hard truth for some people but we are always looking for an edge an a thril

Hard truth for some gamblers but saying nobody wins in gambling is absurd. A cycle will go on like the example of OP but the fact that they have won in the first place proved that saying nobody wins is wrong.

Count in small amount or bigger amounts, everyone will experience win it's just up to us if we will be greedy to gamble more and won't control ourselves.

maydna

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Quote from: Fredomago on January 22, 2019, 08:31:50 AM

Quote from: maydna on January 22, 2019, 01:45:57 AM

Quote from: Belec on January 20, 2019, 03:35:53 PM

It's rare that somebody is happy after gambling, there are a lot of those who are in gambling profits. But a small percentage of people can get money and profit in the same way, and happily happily. It's never easy to lose gambling, especially a large amount of money, but misunderstanding leads to it.

Perhaps, that person was happy because he can spend his free time by playing gambling and meet old friends while he can make conversation too. Sometimes, meeting old friends in a gambling table will give us a time to remind a memory when we played in a time before. At that point, no matter if we lose, we still happy because we can share something about our life, we know how their life too and we can remember the old time.

There's instances that this can be added to the enjoyment that we can get from gambling, if we will be able to play with our friends and reminiscing old memories, but in the other side of this if we played because of money, we wont be able to recognize things like that as we are always aiming to win, from
that OP's statement is true as we will be always chasing luck the more we play the more chances that we will burned our money.

That is true, only a few people who want to come to the casino to meet their old friends and the rest of them still chasing their luck and the win money. We should not risk the money we have for chasing the money from gambling and it's better to have fun with old friends than just playing gambling. Who knows, we can get something which will more than the money value itself because sometime, when we talk about many things, the ideas will show up to us and it will trigger to make something.

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This might be a hard truth for some people but we are always looking for an edge an a thril

hahay

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Quote from: LogitechMouse on January 22, 2019, 05:26:35 AM

Quote from: swogerino on January 22, 2019, 03:40:49 AM

Anyone can make some money from gambling if he is patient enough or know what he is doing at least in some skill games.

Patient enough?? I'm patient when I'm gambling but there are times that I don't win. I also know what I'm doing when I'm gambling yet I lose money sometimes. For me, gambling is a game of luck and a bit of strategy maybe or its a game of LUCK. Even you are patient or you know what are you doing if you are not lucky at that time, its useless.

If only by being patient you can win bets, then that is something very extraordinary. Yes gambling is about luck, no matter how good your strategy is in betting and how well you control your patience, but when you are unlucky on that day, the effort you do with patience and a good strategy will only be useless and will still lose.

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I’ve won dozens & dozens of bets in the 10-15 years I’ve been gambling. I don’t keep a record but I have to admit I probably am at massive losses if I added it all up - Wins vs Losses.

Gambling is just a hobby to me though, I play with amounts I can afford to lose.

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Quote from: maydna on January 22, 2019, 01:45:57 AM

Quote from: Belec on January 20, 2019, 03:35:53 PM

It's rare that somebody is happy after gambling, there are a lot of those who are in gambling profits. But a small percentage of people can get money and profit in the same way, and happily happily. It's never easy to lose gambling, especially a large amount of money, but misunderstanding leads to it.

Perhaps, that person was happy because he can spend his free time by playing gambling and meet old friends while he can make conversation too. Sometimes, meeting old friends in a gambling table will give us a time to remind a memory when we played in a time before. At that point, no matter if we lose, we still happy because we can share something about our life, we know how their life too and we can remember the old time.

There's instances that this can be added to the enjoyment that we can get from gambling, if we will be able to play with our friends and reminiscing old memories, but in the other side of this if we played because of money, we wont be able to recognize things like that as we are always aiming to win, from
that OP's statement is true as we will be always chasing luck the more we play the more chances that we will burned our money.

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Quote from: swogerino on January 22, 2019, 03:40:49 AM

Anyone can make some money from gambling if he is patient enough or know what he is doing at least in some skill games. The problem which the title of this thread describe very well is that no one can keep winning in the long run and they lose money eventually. I think there is no remedy to this but I would be very happy if someone can prove me wrong.

I think patience to earn some will just make you lose money because you continue to bet for a hope of winning. Patience is not good in gambling, this is not something about investment that it can grow over time. Its good to be more wiser and know to control your emotion.

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Quote from: swogerino on January 22, 2019, 03:40:49 AM

Anyone can make some money from gambling if he is patient enough or know what he is doing at least in some skill games.

I don't think so that you can some money from gambling by just becoming patient enough. Being patient doesn't guarantee you to make money out of gambling. Even the skilled gamblers doesn't guarantee themselves to win.

Quote from: Get-Paid.com on January 22, 2019, 05:38:02 AM

Patience has nothing to do with luck / randomness.

It's true that it has nothing to do with luck, I'm comprehending why he said that. Maybe being patient by growing yourself as you stay and experience different results as you gamble.

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Quote from: LogitechMouse on January 22, 2019, 05:26:35 AM

Quote from: swogerino on January 22, 2019, 03:40:49 AM

Anyone can make some money from gambling if he is patient enough or know what he is doing at least in some skill games.

Patient enough?? I'm patient when I'm gambling but there are times that I don't win. I also know what I'm doing when I'm gambling yet I lose money sometimes. For me, gambling is a game of luck and a bit of strategy maybe or its a game of LUCK. Even you are patient or you know what are you doing if you are not lucky at that time, its useless.

Finally a post that makes a lot of sense.
BeGoods - Why are you making such horrendous claims?

Patience has nothing to do with luck / randomness.

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Quote from: swogerino on January 22, 2019, 03:40:49 AM

Anyone can make some money from gambling if he is patient enough or know what he is doing at least in some skill games.

Patient enough?? I'm patient when I'm gambling but there are times that I don't win. I also know what I'm doing when I'm gambling yet I lose money sometimes. For me, gambling is a game of luck and a bit of strategy maybe or its a game of LUCK. Even you are patient or you know what are you doing if you are not lucky at that time, its useless.

BeGoods

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Quote from: swogerino on January 22, 2019, 03:40:49 AM

Anyone can make some money from gambling if he is patient enough or know what he is doing at least in some skill games. The problem which the title of this thread describe very well is that no one can keep winning in the long run and they lose money eventually. I think there is no remedy to this but I would be very happy if someone can prove me wrong.

You right every player has the possibility to profit. but that made them end up losing because they didn't know how they should stop playing. because each player will find it difficult to stop when he is profit. this is the task fo revery player how to stop when you in win conditions.

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Quote from: swogerino on January 22, 2019, 03:40:49 AM

Anyone can make some money from gambling if he is patient enough or know what he is doing at least in some skill games.

How patience overcomes the randomness or the house edge?
If you would be patient well enough does that mean 100% of your bets would be winning bets?

This is just ludicrous.

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Anyone can make some money from gambling if he is patient enough or know what he is doing at least in some skill games. The problem which the title of this thread describe very well is that no one can keep winning in the long run and they lose money eventually. I think there is no remedy to this but I would be very happy if someone can prove me wrong.

Get-Paid.com

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Quote from: Bagaji on January 20, 2019, 03:52:05 PM

There are many who have made a lot of money from participating in gambling and such example can be found https://bitcointalksearch.org/topic/100-to-10000-challenge-2000-5097392 where this guy move from$100- $2,000 in a challenge is enough evidence that people do make money from gambling.

And they can lose the $10,000 in a matter of seconds, I read stories of people who had made $500,000 and lost it all within days/weeks or even less. The story will always have a bitter ending.

maydna

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Quote from: Belec on January 20, 2019, 03:35:53 PM

It's rare that somebody is happy after gambling, there are a lot of those who are in gambling profits. But a small percentage of people can get money and profit in the same way, and happily happily. It's never easy to lose gambling, especially a large amount of money, but misunderstanding leads to it.

Perhaps, that person was happy because he can spend his free time by playing gambling and meet old friends while he can make conversation too. Sometimes, meeting old friends in a gambling table will give us a time to remind a memory when we played in a time before. At that point, no matter if we lose, we still happy because we can share something about our life, we know how their life too and we can remember the old time.

eann014

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Quote from: goaldigger on December 22, 2018, 04:02:59 AM

So, i recently went to a local gambling place here in our city and i participated in this game called color game. In this game you will choose from five different colors and if you win, your price will be times four of your bet. The chances is obviously 20% and i myself admitted that i get hooked up to it immediately. Who else dont want an easy money by the way. What i observe is that nobody wins in gambling in any other way except if you are the owner of the said stall. Your chances of winning is just 20% and the initiator has 80%. Imagine that big?. Even though they quadruple your money, their winning steak is also higher than what they give to you. Plus, psychologically, if people experienced winning , they will not stop betting until they do not have enough money to bet. On the other hand, if they win, they will return the other day to gamble again. Lucky to them if they win again but most of the time, they are not.

Most of the time, this is really happening in any other gambling games, not just only in color game but every gambling games this is often to happen, I also heard a story that there is a couple who win a jackpot prize in a casino then they buy a house, after that the husband still playing in that casino, hoping that he will win again so that he can able to double their winning but it is not. They lose everything and they sell their house after losing all their winnings.

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Depends on the game my friend. For example, poker.

There the situation awareness, decision making, ability to work under pressure and not show your emotions comes into play, the last one applying to offline casinos, of course.

For the others you are giving a very specific example with only one possible outcome from your point of view but it also depends on what the person ends up doing.

For example, they could spend some and come back to play the next day with less than what they earned, they could win even more. If they lose, it's still a win.

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Quote from: Bagaji on January 20, 2019, 03:52:05 PM

There are many who have made a lot of money from participating in gambling and such example can be found https://bitcointalksearch.org/topic/100-to-10000-challenge-2000-5097392 where this guy move from$100- $2,000 in a challenge is enough evidence that people do make money from gambling.

Yeah, I read those thread too but I still too afraid to follow what he did because I didn't have good knowledge in any gambling games and I'd rather play a simple gambling game like dice Cheesy

I hope that he can win and could reach his goals someday so he can be satisfied with what he did and I hope that he can stop from playing gambling after he wins much money.

STT

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Quote

The preconception that casino always win is quite true. If this was not a case then we would not have seen so many gambling casino opening up each day. Consider for a while that casino has to pay the building rent, electricity bill and wages of the workers working there. From where they will cover all these expenses and still gain profit, if they did not won from the gamblers.
That's the reason, opening up gambling casino whether online or offline is a very profitable business.

Have to point out the obvious that casinos have failed to make money and had to cease trading. In a purely theoretical way then yea a casino should be winning on the odds and over time will always return to profit. The reality of running any company is far more challenging. Any operation with a large enough number of employees starts to have challenges with payroll costs and taxes and all sorts of liabilities to working conditions and considerations because human are a complex detail to manage. Employees can be more of a variable then the customers who also has a cost of management and to acquire.

Without going very far, the fixed costs can fell a setup and mean it makes no profit. Its not a given then profits will occur, luck will not always mean every day is a profit for a casino and even on the good days the fixed costs bring down the operation to break even or less. Theres a risk to every business and a cost in capital to invest continually in hope of that profit

Topic: Nobody wins in gambling anyway - page 11. (Read 27582 times)