The houses always win, are you the house or the gambler?

South Park

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Quote from: TheGreatPython on August 20, 2021, 03:46:53 PM

Quote from: SaiyanSS3 on July 23, 2021, 01:18:42 AM

The houses always win, are you the house or the gambler?

Remember only idiot take high risk to get high reward. The houses do not take risk but telling all of you to take high risk. Whether it’s bear market or bull market, the houses always win. The houses do not care whether some of you wageslave plebs actually make a lot of money from the high risk high reward. The houses need some of you plebs to make a good example to a get rich quick scheme, to educate all other wageslaves to not give up the hopes of beating the house. Are you the house or the gambler?

I don't know why I am even replying but I felt people must know what's wrong with this mentality - The House Always Wins

Look, gambling is meant for entertainment. Do we ever say the circus owner always wins or the owner of the live event always wins? No. That is because we consider going to a live event by purchasing a ticket, as entertainment. The mentality of earning from gambling is what makes us say "the house always wins". The house always wins because we are losing more than we should have lost.

Consider gambling just as a means of entertainment and you will never have problems.

You are correct, gambling is just another form of entertainment the difference is that instead of an upfront cost and we need to pay immediately as it is the case with most products and services you pay as you go, this means that you can pay as little as possible or as much as you want, the problem is that many people think that they can make money with gambling and this is not true and then when they find out about this truth they want to blame the casino when the only ones that are to blame for their losses are themselves.

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Quote from: AicecreaME on August 21, 2021, 05:32:19 AM

This is only a fact if a casino is not doing well in their business days, but if a casino is doing well, the tax that the government imposed to them will never bother them because it is only a little compare to what they are earning monthly or yearly. This is the reason why starting a business needs a solid plan, a solid marketing strategy, a solid team that will promote and help the business more productive and profitable.

If the casino pays taxes it means that it is doing well. As far as I know, in most countries, casinos pay taxes like ordinary businesses - on profits. Therefore, the fact of paying taxes indicates that the casino makes money. Maybe in some countries taxes for casinos work differently (for example, through the purchase of a license), but this is rather an exception to the rule.

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Quote from: AicecreaME on August 21, 2021, 05:32:19 AM

Quote from: crzy on August 20, 2021, 06:50:45 PM

There are still Casinos who are losing much money and that is not because of the house always win but because of the government pressure, mismanaged of funds so technically Casinos are still vulnerable for losses. Anyway, gamblers are losing money because of their own behavior and mindset about gambling, we know the house will do everything to earn money and we should understand that probability of winning against the house.

This is only a fact if a casino is not doing well in their business days, but if a casino is doing well, the tax that the government imposed to them will never bother them because it is only a little compare to what they are earning monthly or yearly. This is the reason why starting a business needs a solid plan, a solid marketing strategy, a solid team that will promote and help the business more productive and profitable.

I think every business has to create a contingency plan in order to prepare for the worst-case scenarios. In the case of casinos, their only problem is with regard to the imposition of high taxes of the government which could damage their business model and profit table.

Regardless, most casinos nowadays are profitable. The house always wins (in some cases) and gambling is an activity in which people play by the odds. With that added percentage on the edge of casinos, the favor is tilted on their side, which makes it really profitable.

AicecreaME

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Quote from: crzy on August 20, 2021, 06:50:45 PM

There are still Casinos who are losing much money and that is not because of the house always win but because of the government pressure, mismanaged of funds so technically Casinos are still vulnerable for losses. Anyway, gamblers are losing money because of their own behavior and mindset about gambling, we know the house will do everything to earn money and we should understand that probability of winning against the house.

This is only a fact if a casino is not doing well in their business days, but if a casino is doing well, the tax that the government imposed to them will never bother them because it is only a little compare to what they are earning monthly or yearly. This is the reason why starting a business needs a solid plan, a solid marketing strategy, a solid team that will promote and help the business more productive and profitable.

imstillthebest

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Quote from: Dread Pirate Roberts on August 21, 2021, 04:14:35 AM

Quote from: crzy on August 20, 2021, 06:50:45 PM

There are still Casinos who are losing much money and that is not because of the house always win but because of the government pressure, mismanaged of funds so technically Casinos are still vulnerable for losses. Anyway, gamblers are losing money because of their own behavior and mindset about gambling, we know the house will do everything to earn money and we should understand that probability of winning against the house.

Exactly. Surprisingly, the average comment tought the gambling business is an easy thing. even though there are many other things to consider besides requiring a very large capital. maybe when the casino is successful it can be easy because it already has a lot of players. but for a new casino to compete with others there are also many challenges. such as casinos that exist today are competing to provide a lot of bonuses or provide better promotions. just to get more players what is difficult in business gambling is building a reputation and getting players.

i guess they can say that because they are not in the position of the business man or the people that runs a gambling site and its also been known that house always win, gambling is a profitable business blah blah blah but that could only be a huge myth .
anyway many new casinos are now in the spotlight but we arent sure if that momentum can continue .

hahay

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Quote from: Dread Pirate Roberts on August 21, 2021, 04:14:35 AM

Quote from: crzy on August 20, 2021, 06:50:45 PM

There are still Casinos who are losing much money and that is not because of the house always win but because of the government pressure, mismanaged of funds so technically Casinos are still vulnerable for losses. Anyway, gamblers are losing money because of their own behavior and mindset about gambling, we know the house will do everything to earn money and we should understand that probability of winning against the house.

Exactly. Surprisingly, the average comment tought the gambling business is an easy thing. even though there are many other things to consider besides requiring a very large capital. maybe when the casino is successful it can be easy because it already has a lot of players. but for a new casino to compete with others there are also many challenges. such as casinos that exist today are competing to provide a lot of bonuses or provide better promotions. just to get more players what is difficult in business gambling is building a reputation and getting players.

About promotions and bonuses that are given do not only apply to new sites because even sites that have been around for a long time and already have a reputation but they still continue to make promotions and bonuses at every moment. Also, if we talk about houses and gamblers, basically we can't compare with houses that deal with government regulations because it's a different concept I think, because if we compare gamblers with houses then of course the house always wins even though the house edge is still below 0.50% it does not guarantee the gambler will easily win.

Dread Pirate Roberts

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Quote from: crzy on August 20, 2021, 06:50:45 PM

There are still Casinos who are losing much money and that is not because of the house always win but because of the government pressure, mismanaged of funds so technically Casinos are still vulnerable for losses. Anyway, gamblers are losing money because of their own behavior and mindset about gambling, we know the house will do everything to earn money and we should understand that probability of winning against the house.

Exactly. Surprisingly, the average comment tought the gambling business is an easy thing. even though there are many other things to consider besides requiring a very large capital. maybe when the casino is successful it can be easy because it already has a lot of players. but for a new casino to compete with others there are also many challenges. such as casinos that exist today are competing to provide a lot of bonuses or provide better promotions. just to get more players what is difficult in business gambling is building a reputation and getting players.

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I think it would be better to qualify it and say that the house always wins in the long term. And that's just taking into account the house vs the player. If we take into account other factors, the house can also lose, such as when it fails to attract enough players and due to its operating expenses it goes bankrupt and closes.

Quote from: TheGreatPython on August 20, 2021, 03:46:53 PM

I don't know why I am even replying but I felt people must know what's wrong with this mentality - The House Always Wins

Look, gambling is meant for entertainment. Do we ever say the circus owner always wins or the owner of the live event always wins? No. That is because we consider going to a live event by purchasing a ticket, as entertainment. The mentality of earning from gambling is what makes us say "the house always wins". The house always wins because we are losing more than we should have lost.

Consider gambling just as a means of entertainment and you will never have problems.

That's what I tell people but it's not essentially different from the circus in that in the circus you don't expect to make money. The ones who get carried away with emotions trying to make money are the ones who end up in trouble.

molsewid

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Quote from: LogitechMouse on August 20, 2021, 06:00:17 PM

No businessman will make a business when they know that they will lose all of their money there.
What is the purpose why they are building a business?? In order for them to earn money right?

In gambling industry, the house always wins because they are playing with the emotions of the gambler. A gambler who can't control himself will always gamble and gamble until he losses his last amounts of money because of greed, desperation to win money, and lack of self-control. The house wants that because they are earning thru it and when bad things happened to that gambler, they aren't the ones to blame with Cheesy

.

I think this is pretty obvious that the house always win because its a business and no business will be made and then will lose in the end. I've never heard of any big gambling casinos though that ended up bankrupt Cheesy

. All of them are always winning. As for me, I'm a poor gambler that uses only a small amounts of money when it comes to gambling and I'm gambling only few times in a month.

Precisely mate there's no businessman that will build a business without an assurance that they will earn a profit from it. A gambling business is just one of the many kind of businesses out there there and as we all know that the house always wins. The house were playing with the emotions of the gambler because there is where they can take a chance to win a house. And I think as a gambler we already know this but we do love the concept of gambling not just for entertainment but also the chance to get win a prize.

bitzizzix

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Bookies have very large funds and to beat them cannot be done conventionally.
It is the greed or greed of the bettors that makes the bookies win continuously and most novice gamblers will not be made to lose they will be made to win so they are addicted and after that there will be no mercy.
and although there are some bookies who suffer losses will be borne or won from other bookies so that no house suffers a loss as long as many gamblers play unless the house has no visitors.
and this is a very big earning business and there will definitely be some trick or other way to beat the gamblers.

crzy

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Quote from: sunsilk on August 20, 2021, 06:45:04 PM

Quote from: LogitechMouse on August 20, 2021, 06:00:17 PM

No businessman will make a business when they know that they will lose all of their money there.
What is the purpose why they are building a business?? In order for them to earn money right?

That's the simplest logic that people have to understand on why they think the house always wins. It's a business that they've built and it's not just going to giveaway the fund that they've put into as capital to keep it going.

Even if without the logic, you ask someone who doesn't gamble that much but is aware of this, he'll tell those folks that in the end they have to realize that the house will always ending up making money from their gamblers.

There are still Casinos who are losing much money and that is not because of the house always win but because of the government pressure, mismanaged of funds so technically Casinos are still vulnerable for losses. Anyway, gamblers are losing money because of their own behavior and mindset about gambling, we know the house will do everything to earn money and we should understand that probability of winning against the house.

sunsilk

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Quote from: LogitechMouse on August 20, 2021, 06:00:17 PM

No businessman will make a business when they know that they will lose all of their money there.
What is the purpose why they are building a business?? In order for them to earn money right?

That's the simplest logic that people have to understand on why they think the house always wins. It's a business that they've built and it's not just going to giveaway the fund that they've put into as capital to keep it going.

Even if without the logic, you ask someone who doesn't gamble that much but is aware of this, he'll tell those folks that in the end they have to realize that the house will always ending up making money from their gamblers.

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Quote from: ethereumhunter on July 26, 2021, 01:02:20 AM

Quote from: Saint-loup on July 25, 2021, 06:37:01 PM

Quote from: alegotardo on July 23, 2021, 03:07:52 PM

Quote from: SaiyanSS3 on July 23, 2021, 01:18:42 AM

The houses always win, are you the house or the gambler?

Do houses always win? No! Homes almost never lose.
We've had countless cases of lucky players who have won big prizes and them withdraw money from the house to their wallet (if not a scam).
The fact is that when you win a good prize, most of the times peoples continue to bet, giving the house the chance to recover from the loss it had.

The solution is simple, plan with a limit on spending and maximum bets, the house will continue to win, but at least you won't leave grumbling.

No it's wrong house loses very oftentimes, for example at the roulette, the house loses almost half of the time, when the player bet on odd or even, red or black, high or low... So the house loses against many players, but it wins against most of them.

The house will still win from many gamblers and even if they lose because of one or two gamblers, they still got the biggest money from the other. Many gamblers will spend their money playing gambling and many of them losing the money for playing for a long time. And that can be a benefit for the gamblers, especially if the gamblers can not control themselves and use more money to gamble. If the casino has many favorite gambling games that can attract many gamblers to play, many gamblers will lose their money.

I don't understand why you say that can be a benefit for the gamblers if they can not control themselves and if they use more money to gamble. I think the opposite actually, if a gambler can't control himself and spend more and more money in a game, he will empty his bankroll and will get rekt at the end. It's usually better to take care of the management of the bankroll.

Hypnosis00

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Quote from: DoublerHunter on August 20, 2021, 05:05:53 PM

Quote from: Yamifoud on August 20, 2021, 04:46:02 PM

We just have to be responsible so we will not suffer losses that are already beyond our expectations. Gambling is fun but risk, these words should be put in our minds so we will know how to manage the risk and manage our money in gambling. It's alright to have a mentality to win, but thinking of wins only is bad as any time you could also lose and it's very important that you need to manage yourself properly so you will stay discipline.

It's about winning and your ability to manage yourself when you are losing.

^ Definitely right, all you have to do is to manage yourself whatever happens. Always put in mind that gambling is not a way of making money, that is just entertainment but not of chasing money. Also, you have a limit to stay in gambling because the more you gamble the more the chances that you will lose.
Nevertheless, either you are a gambler or a house are the same risk, that is a business that includes risk, if you don't know how to handle it properly, you will end up nothing.

yeah, if we can take risks and enjoy the moment, have no problem with that as this thing is not the right place to make money but this was the place to enjoy. Thus, if we wanted not to lose our money, then have to step away from gambling but instead invest it. Because we can't just rely on our future to a luck based game, that was a wrong idea to anyone who thinks that gambling could help them to uplift their life status as this seem impossible to happen, maybe we could lose more than to win, that was the reality in here.

LogitechMouse

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No businessman will make a business when they know that they will lose all of their money there.
What is the purpose why they are building a business?? In order for them to earn money right?

In gambling industry, the house always wins because they are playing with the emotions of the gambler. A gambler who can't control himself will always gamble and gamble until he losses his last amounts of money because of greed, desperation to win money, and lack of self-control. The house wants that because they are earning thru it and when bad things happened to that gambler, they aren't the ones to blame with Cheesy

.

I think this is pretty obvious that the house always win because its a business and no business will be made and then will lose in the end. I've never heard of any big gambling casinos though that ended up bankrupt Cheesy

. All of them are always winning. As for me, I'm a poor gambler that uses only a small amounts of money when it comes to gambling and I'm gambling only few times in a month.

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Quote from: Yamifoud on August 20, 2021, 04:46:02 PM

We just have to be responsible so we will not suffer losses that are already beyond our expectations. Gambling is fun but risk, these words should be put in our minds so we will know how to manage the risk and manage our money in gambling. It's alright to have a mentality to win, but thinking of wins only is bad as any time you could also lose and it's very important that you need to manage yourself properly so you will stay discipline.

It's about winning and your ability to manage yourself when you are losing.

^ Definitely right, all you have to do is to manage yourself whatever happens. Always put in mind that gambling is not a way of making money, that is just entertainment but not of chasing money. Also, you have a limit to stay in gambling because the more you gamble the more the chances that you will lose.
Nevertheless, either you are a gambler or a house are the same risk, that is a business that includes risk, if you don't know how to handle it properly, you will end up nothing.

ShowOff

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Quote from: perfect999 on August 20, 2021, 04:38:31 PM

You are right that if a player knows his limits, they would never have a problem with gambling. Excess of almost anything is a problem, be it gambling or alcohol or just anything really.

Anything done that crosses the line always seem to be considered bad behavior that end up harming. Gambling must also have control so that gamblers can prevent many of the problem that exist in gambling, including finance. I have no serious gambling addiction and I have no habit of drinking alcohol or smoking marijuana. This allows me to control the gambling and so far I'm doing well without too many problem.

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Quote from: perfect999 on August 20, 2021, 04:38:31 PM

Quote from: tippytoes on August 18, 2021, 06:53:14 PM

Gambling business is thriving because of what they are. Their system has been established already and there's no more questioning about their house edge or what not. Now, as a player/gambler, it is your choice if you want to be slave of gambling or not. Or just a moderate player who knows his limits. It is always your choice how to live your life with gambling.

I never thought someone would use terms like a slave of gambling. I mean yeah gambling addiction is dangerous and must be avoided at all costs, but that doesn't mean gambling is that bad of an activity. I have been gambling for almost the entirety of my stay in the crypto and I have had big losses and wins but never felt too strong about gambling at all.

You are right that if a player knows his limits, they would never have a problem with gambling. Excess of almost anything is a problem, be it gambling or alcohol or just anything really.

We just have to be responsible so we will not suffer losses that are already beyond our expectations. Gambling is fun but risk, these words should be put in our minds so we will know how to manage the risk and manage our money in gambling. It's alright to have a mentality to win, but thinking of wins only is bad as any time you could also lose and it's very important that you need to manage yourself properly so you will stay discipline.

It's about winning and your ability to manage yourself when you are losing.

perfect999

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Quote from: tippytoes on August 18, 2021, 06:53:14 PM

Gambling business is thriving because of what they are. Their system has been established already and there's no more questioning about their house edge or what not. Now, as a player/gambler, it is your choice if you want to be slave of gambling or not. Or just a moderate player who knows his limits. It is always your choice how to live your life with gambling.

I never thought someone would use terms like a slave of gambling. I mean yeah gambling addiction is dangerous and must be avoided at all costs, but that doesn't mean gambling is that bad of an activity. I have been gambling for almost the entirety of my stay in the crypto and I have had big losses and wins but never felt too strong about gambling at all.

You are right that if a player knows his limits, they would never have a problem with gambling. Excess of almost anything is a problem, be it gambling or alcohol or just anything really.

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Quote from: tippytoes on August 18, 2021, 06:53:14 PM

Quote from: South Park on August 16, 2021, 04:42:27 PM

Quote from: ?? on ??

Of course the casinos will have an edge in their games, why would any company over free money? But even if our winning chance is below 50% it is not 0%. So why are we idiots if we like gambling? Just don't go in with the expectations of winning a lot of money. It is more likely that we are losing than winning in gambling, but we still have the chance to win. Putting our money in a savings account won't give us any real return. At least with gambling we have a chance for a nice pay day.

Many people think it is unfair but that is just the way it works, look at any product that you have ever bought, do you think you bought that product at the price that it took to produce it? Of course not, you paid a premium for the product as you are unable to make it by yourself and the same is true for the services you are sold, and gambling is not an exception to this as the owners of the casino need to earn some money and they give themselves an edge on their games.

Gambling business is thriving because of what they are. Their system has been established already and there's no more questioning about their house edge or what not. Now, as a player/gambler, it is your choice if you want to be slave of gambling or not. Or just a moderate player who knows his limits. It is always your choice how to live your life with gambling.

I agree it all depends on each of us, what kind of gambler we want to be, we decide for ourselves. What happens to someone while gambling is
their own responsibility. As long as the casino where we play is not coercive, the loss that occurs when gambling is our own who bears it.
Because it is not wise to blame the casino for the losses we experience, from the start we know the casino always wins. Therefore make sure
before gambling we know the risks of gambling, so that we can become responsible gamblers.

Topic: The houses always win, are you the house or the gambler? (Read 1229 times)