Nobody wins in gambling anyway - page 19.

davinchi

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Quote from: Indrawan77 on December 23, 2018, 06:35:50 AM

Well there is a chance winning in gambling, if you play for short term than you can win some, the most important things in gambling is know when to stop, there are numerous of stories where people won a lot of money from gambling, so its not correct to stated that no gambler ever won, only the greedy gambler that never won

I have experienced losses on the first round of gambling itself, I mean to say the probability of winning in gambling even in short-term is not a guaranteed one even you know when to stop and how to control your gambling thirst. You may win some entertainment but definitely not some money.

I agree there are many successful stories but that were instants but definitely not an example for other gamblers to repeat similar to that. Yes, even we may win millions from gambling but only when our luck is favors us on that particular day. There will be no meaning on keep playing gambling just for the reason of finding out a lucky day as it may happen once in lifetime or once in hundred years.

gabmen

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Quote from: Get-Paid.com on December 23, 2018, 06:42:53 AM

Quote from: Indrawan77 on December 23, 2018, 06:35:50 AM

Well there is a chance winning in gambling, if you play for short term than you can win some, the most important things in gambling is know when to stop, there are numerous of stories where people won a lot of money from gambling, so its not correct to stated that no gambler ever won, only the greedy gambler that never won

That's a bad advice.
Even if you stop - for how long will you stop? For 1 week, 1 month, 1 year?

You see ... unless you don't gamble at all - gambling is a bad proposition ... so your advice "know when to stop" is a bad advice. And it has been proven to be a bad advice throughout history.

The OP is right, the players never win, it's only the house that constantly wins.

Correction, SOME gamblers do win. Bigtime. It's just a matter of luck really. As far as consistent winning i doubt there's such a thing but a lucky lottery ticket is very real man.

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Quote from: Indrawan77 on December 23, 2018, 06:35:50 AM

Well there is a chance winning in gambling, if you play for short term than you can win some, the most important things in gambling is know when to stop, there are numerous of stories where people won a lot of money from gambling, so its not correct to stated that no gambler ever won, only the greedy gambler that never won

That's a bad advice.
Even if you stop - for how long will you stop? For 1 week, 1 month, 1 year?

You see ... unless you don't gamble at all - gambling is a bad proposition ... so your advice "know when to stop" is a bad advice. And it has been proven to be a bad advice throughout history.

The OP is right, the players never win, it's only the house that constantly wins.

Indrawan77

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Well there is a chance winning in gambling, if you play for short term than you can win some, the most important things in gambling is know when to stop, there are numerous of stories where people won a lot of money from gambling, so its not correct to stated that no gambler ever won, only the greedy gambler that never won

bbc.reporter

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Quote from: FlightyPouch on December 22, 2018, 05:44:48 AM

That is the reason why people should make a distance in gambling. You see, people tends to choose the path to least resistance, a path that is more easier and more efficient for people. Gambling is a way to earn easy money, yes it is easy to earn but the probability of you winning is low. That is the reason a lot of people are losing than winning. Instead of pushing their limits to other things they are putting it on gambling, I don't know what is the difference of gambling and focusing on your job? I think gambling is just way more easier to do than their jobs.

However, you are promoting a dice gambling website in your signature hehehe.

I reckon gambling is ok as long as you know your limits. It is entertainment. But there are some talented gamblers who know what they are doing. If you however do not have the talent or the brains for it, do not try to be like them.

leowonderful

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It's really just the entertainment value that makes gambling worth anything in the end. Long-term you should not expect any significant profit and you'll actually lose money because of the house edge built into most casinos (which can be rather high on certain online crypto casinos), but like Goldleader said, some sites have slightly better odds for you to win than others. In the end, I personally pick the casinos that have the best games that I enjoy, or I bet on esports matches and watch them as I value entertainment over anything else in gambling, though it's indeed satisfying when I rake in a temporary profit from a good roll or a good pick.

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Quote from: izanagi narukami on December 22, 2018, 11:34:31 AM

Only 1 people can win over 100 people that gamble at same time , that's why gambling is risky things.
That 1 people are taking money from those 99 losers based on gambling system ( in common analogy )

Yes, you can win but the chance is less than 49,9% so are you ready to gamble ?

High risks, high rewards. Like any investment

You can still have some fun along the way, even if you lose (at least ) lol.

Best thing is too keep just a small part of your portfolio for gambling, because you may have amaziung gains (or loses)

btc_angela

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I'm sure that the OP is not a gambler per se, maybe a recreational gambler that's why he was really amaze on how easy the color game is, but he quickly realised that its a no win situation. As for smart gamblers, obviously we know that the odds are not in our favour, but still we can win if we get lucky and then go home and never come back on that game again.

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It's true that the owners has a better chance, just so you know that gambling is a big industry and business and people behind it won't just giveaway their money with smaller chances. Of course most of the time, the favor will be on them. If ever there are people who have been winning in gambling, they are totally lucky and probably gambling is the life they choice. AFAIK, I already played with this game before, I think I hooked up to this game for a month.

Indamuck

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It's not always about the money, you have a experience that you will remember for the rest of your life that you enjoy especially if you gamble with friends.

Even the house can lose if a whale places a few large bets that he gets lucky on. That is why casinos always try to keep the whales playing after they win. The only way to break a casino is a small amount of very large bets, the casino will always win in the long run.

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Every gambling game has an advantage towards the casino owner or the game master, knowing that it's impossible to predict the outcome and the chances of doing the bet, multiplying it by two (martingale) make it suspicious and might kick you out, it's really impossible. I have played something similar to that, and it's entertaining. I have tried it, and people around me also is having fun. The fact that it's possible to martingale it, it could help you increase the chances, but the owner knows that and stops you.

Nobody wins in it, but the chance of winning it in a one-time big-time thing is absolutely amazing. It's just like winning the lottery. It's not only merely easy to win but the fact that you could win make it more interesting. If you continue your habit in gambling, in the end, you would really lose a lot of money.

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In gambling just like in vegascasino.io , most of the games there is quite good because if you know how to hold and use your earnings, you will gonna have some savings. Learn how to enjoy the game and not to hooke up negatively in the game.

So, you are a millionaire now because of playing in the gambling house, you just mentioned ? Quite good in what sense ? In look and feel ? I wonder on what level of saving you are talking about. As far as I have experienced no house will let you leave out with some money left with you as your your brain will fade away. You may have some money left if you are smart enough to quit right after a winning. But, no gamblers are ready to stop trying their luck until bankroll allows.

Quote from: izanagi narukami on December 22, 2018, 11:34:31 AM

Only 1 people can win over 100 people that gamble at same time , that's why gambling is risky things.

But in most cases that only one gambler is also the house not a common gambler. Anyone may win in gambling but that cannot be a money but some entertainment.

Being a frequent gambler, I just want to answer OP : Any gambler can win entertaining moments in gambling always. Make sure why you gamble and why gambling is existing, when there will be a controversy on this then you cannot win anyway.

izanagi narukami

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Only 1 people can win over 100 people that gamble at same time , that's why gambling is risky things.
That 1 people are taking money from those 99 losers based on gambling system ( in common analogy )

Yes, you can win but the chance is less than 49,9% so are you ready to gamble ?

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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.

I do not truly understand how can this game you described be profitable to the local gambling place in your city, because if there is only five different colors in the game, if a gambler pick any of the five colors and strike it, he will receive a profit of x4 times for his winnings.

The calculation will goes in this way - If a gambler decides to place $10 USD on one color, he will win $40 USD if the color he pick strikes on the final result, and his initial betting amount is $10 USD + $40 USD profits = $50 USD returned to him.

This game does have only 5 colors as per described by the OP, so basically this game have no house edge advantage for the casino? If a player does place his bets on three different colors before a game starts, his winning chances would be 60%, and I do not understand why would a casino design a game without the house edge advantage in the first place, as both sides are simply relying on luck as the main factor to decide who would be the winner in the long run.

stomachgrowls

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Im familiar with that game and this is usually be found on a carnival or to places where fiestas is happening and you will really be fascinated with that 4x of your bet but
if you do really try to look the odds then you are really aware that you do only have 20% chance to win and with common sense you now whose the one do have the edge.
Gambling do have a sole purpose of entertainment not on money making thing, so you should not really bother at all as long you do enjoy it.

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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.

This is how the gambling used to be,that is why gambling is one of the most addictive activity.

If you are doing gambling for easy money then you can't make it,just do it for fun only if you win then feel proud that you are very lucky or just leave it and move on with your real life.

christian07

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kinds of gambling are really many so your story can be true then that's your opinion base in your experience when you take risk in that or when you play still for me find or play where you good like me i bet some money actually not sometimes because i play 4x or 5x a week then more on cards games because for me even i lose still i play for fun and knowledge then stress reliever

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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.

Happy Realization? Grin

That's why they call it gambling? Someone wins every round that you lose so technically casino is not the only one that is winning, there is always a winner on the same table going by your game. It's a different case if there are not enough players to bet on the game.

onrise

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If you are addicted to gambling or play for money then mostly you would end up losing your money rather than winning it. This is what people generally play for to make money and in the long term might be on losing side. Instead if people play for fun you might win and move away taking your winning amount as you would not become greedy to make more money or recover your past losses if any.

creeps

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Gambling can really be more profitable but of course nobody knows how long you can hold on that profit as the greed will take you in the long run.

That game is very tricky and really an addicting game, that you will just win by pure of luck and no need for you to study. If you don’t know how to control yourself, then expect to lose more money. Its better to enjoy the carnival, than to make serious playing on that place.

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