Pages:
Author

Topic: The houses always win, are you the house or the gambler? - page 2. (Read 1227 times)

legendary
Activity: 3080
Merit: 1292
Hhampuz for Campaign management
The house always wins because we are losing more than we should have lost.
That's not the main reason why they always win, it's actually the house edge. Also, they don't win on a daily basis, but because they have the edge, gamblers will eventually lose in the long run. Do you think gamblers will patronize casinos if they lose every time they gamble? no, there are times they are lucky and they win, so they'll come back and lose, it's just an ordinary day but most gamblers do not really tally their cash in and out.

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

Good advice though.
sr. member
Activity: 2660
Merit: 339
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.
sr. member
Activity: 1988
Merit: 275
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.
hero member
Activity: 2884
Merit: 794
I am terrible at Fantasy Football!!!
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.
hero member
Activity: 3010
Merit: 794
The houses always win, are you the house or the gambler?

Remember only idiot take high risk to get high reward.
if you don't consider your self as an idiot then never gamble lol, because gambling is place where people wanted to risk to earn big and that is reality , if you don't know that then you know nothing about gambling that's it.
And I think its not wrong to try your luck in gambling, if you win then great, if you lose then so be it thats the consequences of being a gambler and you should be aware of this kind of scenario. There's no house if there's no gambler but it doesnt mean you're at the wrong position, as long as you enjoy what you do and has a guts to face the risk then you're free to make a choice.
The problem is that not a lot of people can stop and just accept the consequences of being a gambler, they want to win and we know that the possibility of losing is higher over the long term, that is just the way it is but there are a lot of people that cannot accept this simple fact and once they lose instead of just accepting it they are going to take it as a challenge and they will keep gambling until the day in which they suffer a huge loss and their path to addiction begins.
When someone tends to gamble then the primary motive in mind will mostly be on how to make easy or fast money with less effort which neither they do see from other gamblers or just simply see some advertisement
which did poke out their interest and this is where it starts when you do gamble its neither you would stop when you do lost or would continue when you do tend to chase losses which is a common behavior of most gamblers.

House do always win as usual specially in long term plays but it isnt really that much bad if you do really just play and dont mind about on getting profits but rather do look for entertainment.

It is just people do really go overboard this is why they do really end up on getting wrecked in the end of the day.Dont ask on things which is impossible likely in gambling.

hero member
Activity: 2884
Merit: 794
I am terrible at Fantasy Football!!!
The houses always win, are you the house or the gambler?

Remember only idiot take high risk to get high reward.
if you don't consider your self as an idiot then never gamble lol, because gambling is place where people wanted to risk to earn big and that is reality , if you don't know that then you know nothing about gambling that's it.
And I think its not wrong to try your luck in gambling, if you win then great, if you lose then so be it thats the consequences of being a gambler and you should be aware of this kind of scenario. There's no house if there's no gambler but it doesnt mean you're at the wrong position, as long as you enjoy what you do and has a guts to face the risk then you're free to make a choice.
The problem is that not a lot of people can stop and just accept the consequences of being a gambler, they want to win and we know that the possibility of losing is higher over the long term, that is just the way it is but there are a lot of people that cannot accept this simple fact and once they lose instead of just accepting it they are going to take it as a challenge and they will keep gambling until the day in which they suffer a huge loss and their path to addiction begins.
hero member
Activity: 952
Merit: 513
Why not both?

Gamble for fun, but have the bulk of your money invested in the house's bankroll. This is the beauty of BTC based casinos.

Casino investments have turned out to be extremely lucrative for anyone who has participated in them, as long as you diversify across a range of casinos. You can also make your own odds on a betting exchange instead of accepting the retail odds given to you by sportsbooks to maximise your returns.
hero member
Activity: 2744
Merit: 541
Campaign Management?"Hhampuz" is the Man

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.

Considering your point, putting your money in a savings account also won't harmed you and not going to take risk of losing it all.

The fact that gambling is for those who have that nerve to take the risk and have a good will in accepting whatever outcomes happened after playing,
if you can't deal with that better not to play any game.

There are many ways to entertain yourself, gambling is part of it or if you are aiming for making money better to find other alternatives.
legendary
Activity: 1778
Merit: 1009
Degen in the Space
The houses always win, are you the house or the gambler?

Remember only idiot take high risk to get high reward.
if you don't consider your self as an idiot then never gamble lol, because gambling is place where people wanted to risk to earn big and that is reality , if you don't know that then you know nothing about gambling that's it.
And I think its not wrong to try your luck in gambling, if you win then great, if you lose then so be it thats the consequences of being a gambler and you should be aware of this kind of scenario. There's no house if there's no gambler but it doesnt mean you're at the wrong position, as long as you enjoy what you do and has a guts to face the risk then you're free to make a choice.
Gambling is mostly a Luck games , there are some who claims that sportsbetting is a gambling form that can use skills and knowledge yet it is still a Luck based game in which you can lose even how hard you try to find who will win.
also why do we gamble? because we want our money to doubled or even much higher.

and why call Idiot the people that take high risk?

maybe he does not remember that the higher you risk is the higher your chance to earn more .

best not to believe what OP mentioned and instead lets think that he is the IDIOT here and not risk takers like us.
There are games that use strategy to win, but there are also luck-based mechanics where cards are dealt to each player. Yes, we can't deny that gambling is a pure-luck game, and we can't predict whether we'll lose or win; we can't decide, and the only thing we can do is bet and wait for the outcome.

People who take high risk aren't idiots; most of them are whales, and the money they're risking is only a small portion of their assets; therefore, don't label them as idiots simply because they're taking high risk. Those who take high risks also receive high rewards; this is a common quote even in real life; why are you unaware of this?
sr. member
Activity: 2618
Merit: 439
The houses always win, are you the house or the gambler?

Remember only idiot take high risk to get high reward.
if you don't consider your self as an idiot then never gamble lol, because gambling is place where people wanted to risk to earn big and that is reality , if you don't know that then you know nothing about gambling that's it.
And I think its not wrong to try your luck in gambling, if you win then great, if you lose then so be it thats the consequences of being a gambler and you should be aware of this kind of scenario. There's no house if there's no gambler but it doesnt mean you're at the wrong position, as long as you enjoy what you do and has a guts to face the risk then you're free to make a choice.
Gambling is mostly a Luck games , there are some who claims that sportsbetting is a gambling form that can use skills and knowledge yet it is still a Luck based game in which you can lose even how hard you try to find who will win.
also why do we gamble? because we want our money to doubled or even much higher.

and why call Idiot the people that take high risk?

maybe he does not remember that the higher you risk is the higher your chance to earn more .

best not to believe what OP mentioned and instead lets think that he is the IDIOT here and not risk takers like us.
hero member
Activity: 3010
Merit: 629
The houses always win, are you the house or the gambler?

Remember only idiot take high risk to get high reward.
if you don't consider your self as an idiot then never gamble lol, because gambling is place where people wanted to risk to earn big and that is reality , if you don't know that then you know nothing about gambling that's it.
And I think its not wrong to try your luck in gambling, if you win then great, if you lose then so be it thats the consequences of being a gambler and you should be aware of this kind of scenario. There's no house if there's no gambler but it doesnt mean you're at the wrong position, as long as you enjoy what you do and has a guts to face the risk then you're free to make a choice.
member
Activity: 1162
Merit: 58
The houses always win, are you the house or the gambler?

Remember only idiot take high risk to get high reward.
if you don't consider your self as an idiot then never gamble lol, because gambling is place where people wanted to risk to earn big and that is reality , if you don't know that then you know nothing about gambling that's it.

Quote
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. [/b]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?


we are gambler and we cannot be a house , you engaged in gambling then you must know what is your future , if not ? then leave now.
hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
But the fact is people still trying to playing gambling to hit the jackpot. That will not stop them, even if they can hit the jackpot someday. But there are gamblers who knows their limit and never try to break it because they really know the risk and what consequences that they can get from gambling, especially if they lose some money. It is why we need to remember that playing gambling with limitations will help us to manage the money. But it is more better if we do not gambling and give all the money to our family.
If they can control their urges to play then they aren't to be considered a gambler but more like an occasional players, gambler implies that they should be consistent in playing. I don't necessarily disagree with your claim that players won't stop gambling even when they got the jackpot since there are some people that really did win the big money and still plays to this day because it happens but it's not entirely true for everyone.
Unfortunately, their urges will become bigger when they win for some rounds and telling to themselves that their luck is come and help them to win. Those gambler who hit the jackpot can stop playing gambling and enjoy the money, but they can start gambling again if they already spent the win money and will think that they can win for some money someday. It is normal if they think like that because they have experienced for winning the money so that will make them to think like that again.
hero member
Activity: 2702
Merit: 672
I don't request loans~
Are you sure that you have never won even once? The statement of "the house always win" applies for those who desperate in their gambling journey. It can be due to bad money management and bad self control. To be frank, I do not believe if you have never won even once. There must be a time when you won some but you could not stop so you lost it all eventually.
You are right, there must be something wrong with the players if he never won or even saying about "the house always wins".
Although the house always has bigger chances to win, there is also a chance for us to win. Of course, it will depend on how we play or gamble, including what you said so. Good management of the funds, strategy, risks, and emotions are the combination that should be paid attention to.
Don't take it word for word I must say. The meaning of the "house always wins" here is that in the long term, users would only lose money, and not really win if they were to keep gambling, while the house, would always earn money even if you win, since you're just going to gamble it back. It's a simple but vicious cycle. Heck, even if you win, just consider the amount of money you actually lost before winning that amount. Sure, you may be one of those rare people who won after a few games, but that case is rare a f and can't really be considered as a normal situation when taking into account other gamblers.
sr. member
Activity: 1274
Merit: 293
But the fact is people still trying to playing gambling to hit the jackpot. That will not stop them, even if they can hit the jackpot someday. But there are gamblers who knows their limit and never try to break it because they really know the risk and what consequences that they can get from gambling, especially if they lose some money. It is why we need to remember that playing gambling with limitations will help us to manage the money. But it is more better if we do not gambling and give all the money to our family.
If they can control their urges to play then they aren't to be considered a gambler but more like an occasional players, gambler implies that they should be consistent in playing. I don't necessarily disagree with your claim that players won't stop gambling even when they got the jackpot since there are some people that really did win the big money and still plays to this day because it happens but it's not entirely true for everyone.
hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
And sadly, many fall on that category, because a lot of them are hoping that they will hit the jackpot and go home big. But if you know your limitations when it comes to gambling, then, your family is lucky. A lot of families are being ruined owed to gambling. So before anything in your life is ruined by gambling, change your lifestyle before it is too late. House has always the advantage and only few can get lucky in this game. One should remember the reasons why they are into this industry.
But the fact is people still trying to playing gambling to hit the jackpot. That will not stop them, even if they can hit the jackpot someday. But there are gamblers who knows their limit and never try to break it because they really know the risk and what consequences that they can get from gambling, especially if they lose some money. It is why we need to remember that playing gambling with limitations will help us to manage the money. But it is more better if we do not gambling and give all the money to our family.
hero member
Activity: 2884
Merit: 794
I am terrible at Fantasy Football!!!
Are you sure that you have never won even once? The statement of "the house always win" applies for those who desperate in their gambling journey. It can be due to bad money management and bad self control. To be frank, I do not believe if you have never won even once. There must be a time when you won some but you could not stop so you lost it all eventually.
You are right, there must be something wrong with the players if he never won or even saying about "the house always wins".
Although the house always has bigger chances to win, there is also a chance for us to win. Of course, it will depend on how we play or gamble, including what you said so. Good management of the funds, strategy, risks, and emotions are the combination that should be paid attention to.

Based on my observations the people that say that have problems with their gambling, basically there is a point in which they are ahead of the house and they could remain that way if they simply called it a day and did something else, but they cannot stop gambling and they keep doing it until their balance begins to go down, they simply cannot accept this and do everything they can to recover the money they lost and that is when they lose the money they have won that day and lament themselves about it, but if faced with the same situation they will do the same all over again.
hero member
Activity: 2660
Merit: 651
Want top-notch marketing for your project, Hire me
The impression of gambling is to give plebs and others which may involve the option of winning through the unguaranteed chance and base on the OP question no gambler will ever be the house except those that invested in the house bankroll but it's not always profitable as people believe it to be because it also involves risk taking.
Indeed as someone who was at the same time a player and an investor in the house, I can confirm this. Here is my full investment history in Yolodice https://bitcointalksearch.org/topic/snipies-gambling-investment-test-5254959
As a player, I won several times but was too greedy to stop few times which cost me a lot. Overall my stats were negative because I don't know when to stop.
As a small investor, well I passed by bad moments where my balance (and the house) was negative due to lucky dudes sucking a lot of coins. Fortunately those guys don't know when to stop also so they helped us to recover. Others kept winning and made other investors and the house bleeding.
It is what it is, we know the house gives itself an edge, and while some think it is unfair it is completely normal, after all if you buy any product you are not going to buy it for the price the product was produced, you are going to buy it for a higher price so it makes sense to pay a little bit more for the privilege of being able to enjoy your favorite gambling games, so the house over the long term will win and if you are an investor in the casino then you will become a winner as well.
I support what you said about not sell at a certain price it was bought. In my perspective, I believe the house edge is still fair but the sad part is that 95% of all gamblers believe the house to always win which is never how it works and people like Snipie which have done bankroll investment can prove it not always like that cause the house make lost at some point.
On the short term due to how unpredictable probabilities can be a player can in fact obtain profits but we know that over the long term the profits are going to go to the casino since they have an advantage over you, this is why it is so difficult for a gambler to be profitable over the long term, however I do not really see why some people get mad about this when they knew from the very beginning that the casino gives itself an edge, and when we compare this edge against what other businesses charge you for their products you will see the house edge is in fact very low.
It an up and down momentum cause the house doesn't always win for a long term if we are talking about a gambling site that is fair with their game result that's why the house was created to favor the house and this is the only advantage the house had over the players/gamblers.

The people mad due to gambling lost or the house dont do the basic research about gambling to understand the major concept behind it and they can only blame themselves for it not the house.
sr. member
Activity: 1988
Merit: 275
Using the term "idiot" for those who are risking their money in gambling is way below the belt. You can't blame them and call them "idiot" for making a choice to know the result, that's part of our lives, making choices. It's better to risk than doing nothing at all while keep on thinking what might happen.

But it has a consequence of course. Pushing yourself too far just to make money in gambling will lead you to addiction that will make gambling even more harder than your first time doing it.
Anything that do exceed into your limit can really be called idiots or fools that do let themselves fall into the pit of addiction and false hope that they could make theirselves rich with gambling.
House do always win in the end even though there are times which some people could really make some negative profit in the house when they won big but in long term process as people
would continue to play then profits or revenue wont really be that a problem.They wouldnt last that long if they werent really making sufficient profits.
So its up to someone to have that kind of limitation when it comes to finances.

And sadly, many fall on that category, because a lot of them are hoping that they will hit the jackpot and go home big. But if you know your limitations when it comes to gambling, then, your family is lucky. A lot of families are being ruined owed to gambling. So before anything in your life is ruined by gambling, change your lifestyle before it is too late. House has always the advantage and only few can get lucky in this game. One should remember the reasons why they are into this industry.
sr. member
Activity: 2226
Merit: 347
Using the term "idiot" for those who are risking their money in gambling is way below the belt. You can't blame them and call them "idiot" for making a choice to know the result, that's part of our lives, making choices. It's better to risk than doing nothing at all while keep on thinking what might happen.

But it has a consequence of course. Pushing yourself too far just to make money in gambling will lead you to addiction that will make gambling even more harder than your first time doing it.
Anything that do exceed into your limit can really be called idiots or fools that do let themselves fall into the pit of addiction and false hope that they could make theirselves rich with gambling.
House do always win in the end even though there are times which some people could really make some negative profit in the house when they won big but in long term process as people
would continue to play then profits or revenue wont really be that a problem.They wouldnt last that long if they werent really making sufficient profits.
So its up to someone to have that kind of limitation when it comes to finances.
Pages:
Jump to: