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traderethereum

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Quote from: m2017 on February 02, 2022, 12:56:12 AM

If the probability of losing is high and the probability of winning extremely small, then statistically a beginner like me is more likely to fail than to make a good profit. Can I quit this?

Moreover, there are no role models in the face of millions of winning players who, if they exist, prefer not to advertise it because of taxes.

We do not know the probability of losing. We only know that the probability is about 50:50 before you play gambling and once you play, the probability of winning can reduce, especially if you do not win any. You can quit gambling anytime you want and we do not force you to play gambling all day long because you will get the risk and lose your money. Before you lose too much money, it is better to quit the games and leave the casinos to prevent big losses.

m2017

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Quote from: JohnBitCo on February 01, 2022, 10:38:33 AM

Quote from: m2017 on February 01, 2022, 03:36:40 AM

Quote from: hihelen on January 19, 2022, 07:49:14 AM

I lost more than I won, I think most of us can share the same story. But the moral here is that caring too much about winnings is a lose-lose strategy. I simply play my favourite games and I pay to play them. If I manage to win, that's great, if not, well, I have paid my time in a casino.

I also have the impression that it is almost impossible to beat the casino and therefore, the percentage of losses will be higher than winnings. I am new to gambling and therefore, I would like to hear the opinions of experienced players. What is your average win/loss ratio? Please share your approximate statistics.

Most people are losing in gambling and the winning percentage is really very less. That's maybe one reason we hear people telling about their loses and very few tell us about their wins in gambling.
Also, i think those who win big in gambling do not tell us because they do not want to be noticed or they want to avoid taxes on their gambling gains.

If the probability of losing is high and the probability of winning extremely small, then statistically a beginner like me is more likely to fail than to make a good profit. Can I quit this?

Moreover, there are no role models in the face of millions of winning players who, if they exist, prefer not to advertise it because of taxes.

OgNasty

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Quote from: Peanutswar on February 01, 2022, 10:10:06 PM

Even we lose alot than the winning still sometimes we didn't sink into us that we are losing a lot but instead we keep playing because we know to ourselves we are still winning.

I'm not really sure I understand what it is you're saying here, but oddly, I agree to an extent. I typically gamble when I'm going to watch a game and want some extra excitement. Whether this is betting on individual players on both teams or betting on a single team to win, etc... It adds a little something for you to cheer for. As someone who is a fan of sports in general and not so much teams, I really enjoy having the option to make player bets as well as betting different teams for enjoyment. In that sense, win or lose, I make sure to always get my money's worth. I don't bet huge amounts as to not do anything that would bring me disappointment, but I do bet frequently for the fun of it, and when you gamble for fun it is true that you always win.

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Are you referring to the slip or the receipt of the gambling games?. well i don't have because most of my bets lose in gambling slot games i don't have any idea how to play with the card games so most of the time I played only in slot games and also one of my favorite is the e-sports/sports bet because i have knowledge with the game stats and current team line ups. I dont wage like almost 100$ above just a casual gambler.

Quote from: JohnBitCo on February 01, 2022, 10:38:33 AM

Quote from: m2017 on February 01, 2022, 03:36:40 AM

Quote from: hihelen on January 19, 2022, 07:49:14 AM

I lost more than I won, I think most of us can share the same story. But the moral here is that caring too much about winnings is a lose-lose strategy. I simply play my favourite games and I pay to play them. If I manage to win, that's great, if not, well, I have paid my time in a casino.

I also have the impression that it is almost impossible to beat the casino and therefore, the percentage of losses will be higher than winnings. I am new to gambling and therefore, I would like to hear the opinions of experienced players. What is your average win/loss ratio? Please share your approximate statistics.

Most people are losing in gambling and the winning percentage is really very less. That's maybe one reason we hear people telling about their loses and very few tell us about their wins in gambling.
Also, i think those who win big in gambling do not tell us because they do not want to be noticed or they want to avoid taxes on their gambling gains.

Even we lose alot than the winning still sometimes we didn't sink into us that we are losing a lot but instead we keep playing because we know to ourselves we are still winning.

michellee

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Quote from: ultrloa on February 01, 2022, 05:50:29 AM

Quote from: michellee on February 01, 2022, 04:48:56 AM

Quote from: Wiwo on January 31, 2022, 01:13:43 PM

One of the things most people failed to understand is the fact that gambling has its public perception which the society mostly don't celebrate, so most gambler when there is a big winning will rather be on a low key with the rewards in other not to attract public attention.
And on the other hand, some others will show their winning to the whole public by buying assets such as real estate and cars and can publicly show it off.

Besides that, some countries where gambling is prohibited can not feel it is right if someone wins a lot of money from gambling. People around them will say that person should not play gambling because the win money will be "hot money" that can vanish anytime. So that is why it is better if those people who win a lot of money from gambling needs to be silent and not tell too many people. But they can tell some people they know that they can accept that they win the money from gambling.

Well maybe we can yes its true since provably whales want to protect their identity and they don't want to create any noise towards what they are doing over the net especially upon gambling so I don't expect that huge bettors here will flaunt their victory since they might be at risk to get disturb by other players or target by beggars who ask for little tip for the winnings they got.

Indeed. I already say some friends in one of my chat groups show their big winning and make many friends asking to celebrate the winning moment and ask for a tip too hahaha.

That person who won the games feels that sometimes he is okay with that but in other times, he feels that those friends are too annoyed by asking that. But some others ask about his strategy and how he can win that big money.

JohnBitCo

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Quote from: m2017 on February 01, 2022, 03:36:40 AM

Quote from: hihelen on January 19, 2022, 07:49:14 AM

I lost more than I won, I think most of us can share the same story. But the moral here is that caring too much about winnings is a lose-lose strategy. I simply play my favourite games and I pay to play them. If I manage to win, that's great, if not, well, I have paid my time in a casino.

I also have the impression that it is almost impossible to beat the casino and therefore, the percentage of losses will be higher than winnings. I am new to gambling and therefore, I would like to hear the opinions of experienced players. What is your average win/loss ratio? Please share your approximate statistics.

Most people are losing in gambling and the winning percentage is really very less. That's maybe one reason we hear people telling about their loses and very few tell us about their wins in gambling.
Also, i think those who win big in gambling do not tell us because they do not want to be noticed or they want to avoid taxes on their gambling gains.

Furious 7

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Quote from: Sirait on January 31, 2022, 12:42:27 PM

Quote from: Furious 7 on January 31, 2022, 10:07:10 AM

even then the chance is very small because indeed what I feel right now when we lose in gambling and continue to gamble it will only increase losses because indeed we are already hot and rely on emotions in gambling.
I personally, if I have lost in gambling today then I will finish and start again when my heart is calm because it will have a very severe impact when our hearts are hot because we lose but continue to insist on gambling

like what @desmong said 'Discipline is important in gambling' it's the right sentence. self-discipline such as managing emotions and also finances when playing gambling is something that must be done if we want to come out as a winner when gambling, sounds trivial but many gamblers fail to apply it (including me it's still a little difficult to do that).

I have a mentor who always reminds me to invest, trade or gamble with a cool head. if you are able to play with a cool head then 'show your victory' with pride and satisfaction Wink

simple words and it is true that most gamblers fail to apply this in their gambling and it is indeed very difficult to do so because the benchmark for most gamblers, especially for people who don't really think twice about doing something, they only focus on winning a lot so they don't think about discipline and indeed all they think about is winning and that's all.
Mentors can be said to be quite good even though they are just to remind us and indeed I think when we can't regulate and control ourselves, at least someone reminds us

behandsomebecool

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Quote from: m2017 on February 01, 2022, 03:36:40 AM

Quote from: hihelen on January 19, 2022, 07:49:14 AM

I lost more than I won, I think most of us can share the same story. But the moral here is that caring too much about winnings is a lose-lose strategy. I simply play my favourite games and I pay to play them. If I manage to win, that's great, if not, well, I have paid my time in a casino.

I also have the impression that it is almost impossible to beat the casino and therefore, the percentage of losses will be higher than winnings. I am new to gambling and therefore, I would like to hear the opinions of experienced players. What is your average win/loss ratio? Please share your approximate statistics.

The average ratio is always against you in both RNG-based and live casino games. When you deal with RNG-based game, your RTP is below 100%, which means that you can't win in long term. However, the idea is to have bigger wins over smaller losses (like a money management strategy in trading or something). Anyway, most big wins are made by a single stake like jackpots, etc. If you simply use the same amount of stake, you will lose. the good news is that most gamblers understand this idea and play for fun. If they win something greater than their stake amount, they are happy, but never forget about this math that is always against the gambler's odds in long term.

ultrloa

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Quote from: michellee on February 01, 2022, 04:48:56 AM

Quote from: Wiwo on January 31, 2022, 01:13:43 PM

One of the things most people failed to understand is the fact that gambling has its public perception which the society mostly don't celebrate, so most gambler when there is a big winning will rather be on a low key with the rewards in other not to attract public attention.
And on the other hand, some others will show their winning to the whole public by buying assets such as real estate and cars and can publicly show it off.

Besides that, some countries where gambling is prohibited can not feel it is right if someone wins a lot of money from gambling. People around them will say that person should not play gambling because the win money will be "hot money" that can vanish anytime. So that is why it is better if those people who win a lot of money from gambling needs to be silent and not tell too many people. But they can tell some people they know that they can accept that they win the money from gambling.

Well maybe we can yes its true since provably whales want to protect their identity and they don't want to create any noise towards what they are doing over the net especially upon gambling so I don't expect that huge bettors here will flaunt their victory since they might be at risk to get disturb by other players or target by beggars who ask for little tip for the winnings they got.

Webetcoins

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Quote from: ?? on ??

Gambling is not a die affair where a gambler will be trying hard to win a bet or bets. This is a serious issue which should be avoided so that it will not have a later effect. Gambling small and winning big should be the ultimate, not gambling with all curiosity to win a bet. Once you play and you could not win, it is better to continue another day rather than playing again.
Discipline is important in gambling.

This should be followed because this is the correct way of gambling but sadly almost 90 percent of gamblers will gamble to revenge what they have lost so in their heads its always win win win and no lose.

I think this mindset is not bad but if done in other aspects in life like if you learn a skill and its hard at the beginning, you know that you should not give up because usually there is no money involved with it but in a real gambling it has, money is the main character here. Right now, I am following that routine mentioned above which is try on next day if no win because I observed that I cant win anymore once i win already on that day or also if I lose in my first deposit.

michellee

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Quote from: Wiwo on January 31, 2022, 01:13:43 PM

One of the things most people failed to understand is the fact that gambling has its public perception which the society mostly don't celebrate, so most gambler when there is a big winning will rather be on a low key with the rewards in other not to attract public attention.
And on the other hand, some others will show their winning to the whole public by buying assets such as real estate and cars and can publicly show it off.

Besides that, some countries where gambling is prohibited can not feel it is right if someone wins a lot of money from gambling. People around them will say that person should not play gambling because the win money will be "hot money" that can vanish anytime. So that is why it is better if those people who win a lot of money from gambling needs to be silent and not tell too many people. But they can tell some people they know that they can accept that they win the money from gambling.

m2017

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Quote from: hihelen on January 19, 2022, 07:49:14 AM

I lost more than I won, I think most of us can share the same story. But the moral here is that caring too much about winnings is a lose-lose strategy. I simply play my favourite games and I pay to play them. If I manage to win, that's great, if not, well, I have paid my time in a casino.

I also have the impression that it is almost impossible to beat the casino and therefore, the percentage of losses will be higher than winnings. I am new to gambling and therefore, I would like to hear the opinions of experienced players. What is your average win/loss ratio? Please share your approximate statistics.

Wiwo

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One of the things most people failed to understand is the fact that gambling has its public perception which the society mostly don't celebrate, so most gambler when there is a big winning will rather be on a low key with the rewards in other not to attract public attention.
And on the other hand, some others will show their winning to the whole public by buying assets such as real estate and cars and can publicly show it off.

Sirait

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Quote from: Furious 7 on January 31, 2022, 10:07:10 AM

Quote from: ?? on ??

I'm also not always able to control myself, it's just that I try to keep a cool head when I lose or win when I gamble. the logic is simple, if I lose $10 and then stop to continue tomorrow then I only lose $10 but if I continue to gamble, my percentage of being able to reverse my initial loss is only 40% then it's better to continue playing tomorrow than forcing myself, money management is an amazing trick.

even then the chance is very small because indeed what I feel right now when we lose in gambling and continue to gamble it will only increase losses because indeed we are already hot and rely on emotions in gambling.
I personally, if I have lost in gambling today then I will finish and start again when my heart is calm because it will have a very severe impact when our hearts are hot because we lose but continue to insist on gambling

like what @desmong said 'Discipline is important in gambling' it's the right sentence. self-discipline such as managing emotions and also finances when playing gambling is something that must be done if we want to come out as a winner when gambling, sounds trivial but many gamblers fail to apply it (including me it's still a little difficult to do that).

I have a mentor who always reminds me to invest, trade or gamble with a cool head. if you are able to play with a cool head then 'show your victory' with pride and satisfaction Wink

Furious 7

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Quote from: ?? on ??

I'm also not always able to control myself, it's just that I try to keep a cool head when I lose or win when I gamble. the logic is simple, if I lose $10 and then stop to continue tomorrow then I only lose $10 but if I continue to gamble, my percentage of being able to reverse my initial loss is only 40% then it's better to continue playing tomorrow than forcing myself, money management is an amazing trick.

even then the chance is very small because indeed what I feel right now when we lose in gambling and continue to gamble it will only increase losses because indeed we are already hot and rely on emotions in gambling.
I personally, if I have lost in gambling today then I will finish and start again when my heart is calm because it will have a very severe impact when our hearts are hot because we lose but continue to insist on gambling

Fredomago

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Quote from: TheGreatPython on January 22, 2022, 11:50:41 AM

Quote from: Fredomago on January 20, 2022, 05:50:44 PM

As long as they are not providing private information there's no harm sharing it, some are just happy that's why they are vocal with how the outcome of their gambling, while others have good experienced and manage to share tips but it's always depend from how gambler take their opportunities and edge towards this activity.

Most gamblers losses their money the very reason why we saw a lot of new gambling site that spawning around,

house keeps on taking advantages from those gamblers who don't know how to manage their bankroll the right way.

If the win is huge then it should really be confidential because robbers could attack you but if the win is not that huge then I do not see a big problem with that. Those that love to share their winnings might be gamblers that gambling rarely or gamblers that rarely win.

I experienced this feeling and I am really happy to think that I won after a long time of loosing so I let others know that its possible and they should not give up so that they will also win like me. True, most gamblers lose because of greed, that is why bankroll management is very important even if we only play just to enjoy because gambling is an addictive activity.

Excited to share is what some of us gamblers really wanted to do, and you are right if it's just a small amount of winnings it's not a problem but if it's a huge amount, your own security is at stake if you share that online, even it's hard to track you hackers and robbers are willing to find you and try to hook you up to get all your money.

Be very careful in every action that you are taking. Always put in mind that there are eyes around you who are waiting for their opportunities. Roll Eyes

Doell

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Quote from: shasan on January 30, 2022, 12:07:44 PM

Quote from: Sirait on January 30, 2022, 11:40:26 AM

this is why we need good management in managing our gambling habits. every day I always start playing with a small capital under $ 10, if I lose then I will stop but if I win then I will continue until I can withdraw my profit and still leave the capital in the account.

the point is don't be too curious about gambling, play again tomorrow if you lose today but take profits if you win today, do that habit then I'm sure your winning percentage will be much higher than your loss.

You are right that money management is the main key to be safe on gambling. But usually maximum people cant manage that also, I cant do that. When I loss 10$ I try to bet by 20$ and if loss then try to bet by 40$ in this way I loss again and again. But if I make profit then I become afraid if I loss that winning. So, my winning cant be higher and my loss become higher than my winnings.

same condition as me when gambling using fiat ,if I lose then I continue to play and the law is that losing is bigger than winning Cheesy

! but try using altcoins to gamble for example litecoin or other altcoins ,only one coin to focus on gambling ,it works for me in manage the rhythm of spending

shasan

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Quote from: Sirait on January 30, 2022, 11:40:26 AM

this is why we need good management in managing our gambling habits. every day I always start playing with a small capital under $ 10, if I lose then I will stop but if I win then I will continue until I can withdraw my profit and still leave the capital in the account.

the point is don't be too curious about gambling, play again tomorrow if you lose today but take profits if you win today, do that habit then I'm sure your winning percentage will be much higher than your loss.

You are right that money management is the main key to be safe on gambling. But usually maximum people cant manage that also, I cant do that. When I loss 10$ I try to bet by 20$ and if loss then try to bet by 40$ in this way I loss again and again. But if I make profit then I become afraid if I loss that winning. So, my winning cant be higher and my loss become higher than my winnings.

Sirait

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Quote from: shasan on January 20, 2022, 11:48:31 AM

Quote from: Jandevries on January 20, 2022, 05:16:37 AM

But most of us are truly the losers when it comes to casino winning and even if we win something, those winnings are covered by even greater losses.

Yes, I agree with you. In gambling maximum people become loser at the beginning or ending. For example someone may win 50$ then loss less than this amount. Then the person may make some profit then again the person would be loser. Then again may make good profit but this time the person may make more loss even more than the investment made until now and all profit and also have to added more fund which will also loss.

this is why we need good management in managing our gambling habits. every day I always start playing with a small capital under $ 10, if I lose then I will stop but if I win then I will continue until I can withdraw my profit and still leave the capital in the account.

the point is don't be too curious about gambling, play again tomorrow if you lose today but take profits if you win today, do that habit then I'm sure your winning percentage will be much higher than your loss.

rodskee

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Quote from: shasan on January 20, 2022, 11:48:31 AM

Quote from: Jandevries on January 20, 2022, 05:16:37 AM

But most of us are truly the losers when it comes to casino winning and even if we win something, those winnings are covered by even greater losses.

Yes, I agree with you. In gambling maximum people become loser at the beginning or ending. For example someone may win 50$ then loss less than this amount. Then the person may make some profit then again the person would be loser. Then again may make good profit but this time the person may make more loss even more than the investment made until now and all profit and also have to added more fund which will also loss.

That is gambling , in which majority of people becomes loser and only small percent are the one who's winning .

had been a gambler since younger days and i must admit that I never get more winning than losing .

for my decades of gambling activities , only can count in fingers than my losing (not literally counted in hands but at least small amount than winning).

Topic: Show Your Victory (Read 1865 times)