The Paradox of Gambling behavior - page 7.

traderethereum

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Quote from: m2017 on April 27, 2022, 04:08:18 AM

Quote from: BitcoinGirl.Club on April 22, 2022, 03:28:55 PM

I remember when I used to gamble I was not like I was gambling to win. Win makes you happy but this was more like an addiction. You do not feel good if you can not keep yourself busy with gambling. Your days and nights are going but you do not care about anything else but busy with gambling. It's a one way road for you. You earn money and spend there.

You are considering the dark side of gambling. Of course, this is the case and you need to consider the negative consequences if you gamble. If you limit yourself and play in moderation, then I don’t see anything wrong with that.

The key to playing gambling is always being able to control yourself because that is the most difficult thing.
Playing gambling in moderation and always stopping when you have fun is always recommended not to be busy with gambling while you can still enjoy your time for other things.
But the problem is that many people don't realize that when they gamble and once they find the fun of gambling, they forget that they have to stop at the right time.
This becomes a problem for the gamblers because another day, they will be able to go back like that and continue to gamble day and night.

AicecreaME

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Quote from: fiulpro on April 22, 2022, 11:09:42 AM

One might already understand that winning at Gambling is hard but at the end of the day we still see a lot of people increasingly interested in Gambling, this might provide an insight into the casino business and at the same time help explore the ideas 💡 in the mind of a Gambler.

One might be aware of the fact that even though the Gambler knows that he is loosing money they measure the gambling to be an effective usage of that money, a leisure activity to begin with therefore it's more concerned with the activity-than winning an idea that some problem gamblers ignore.

Source :here

In roulette type games more than 95% of the amount is usually back to the player but when we talk about lotteries it goes way below 50% which is explained by the lower levels of winners and winning as a whole despite that lottery is some of the biggest revenue collector for the government. The players usually focuses not on winning big, but most of the time the short increase of dopamine makes their money worth it ( ofc if used in moderation)

What do you think is the best game/ sports to gamble on ? Do you do it for winning? Are the ideas in the article according to you correct? How many times you usually win in a game of chance+skills?

The best game or sports is a subjective matter. This will vary from a person's preference. Personally, I prefer sports because I get entertained on it a lot and I discover new things too. Others might find it boring or too much of a work because one must have a background about the players, teams, and the sports itself, but I find it enjoyable. Way back, I randomly place bets whenever I feel like it and not really to gain something.

Typically, there's a high chance you can predict that right outcome if you know both teams well. However, things might change instantly once another team caught up with the other so I guess it's still a matter of luck and good critical thinking skills. If I would rate it, I would say that before I have a 7/10 chances to win whenever I bet. Although right now, I can't really say because I've been busy with other things.

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Quote from: m2017 on April 27, 2022, 04:08:18 AM

You are considering the dark side of gambling. Of course, this is the case and you need to consider the negative consequences if you gamble. If you limit yourself and play in moderation, then I don’t see anything wrong with that.

And limiting is very hard to do. I know it from my own experience. Even I have seen many around me to lose everything because they became addicted. My buddy used to work in Paddy so hanging up with those losers were regular things. Some of them once were millionaires but now if they get £5 they are happy to out it in the machine 🤣

Quote

The goal for any casino or betting organizer is to make a profit. Therefore, one should not be surprised that the casino earns from its customers. You have to take it as a given.

It's just a business like other type of business. Gambling companies are not charity of course.

m2017

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Quote from: BitcoinGirl.Club on April 22, 2022, 03:28:55 PM

Quote from: fiulpro on April 22, 2022, 11:09:42 AM

One might already understand that winning at Gambling is hard but at the end of the day we still see a lot of people increasingly interested in Gambling, this might provide an insight into the casino business and at the same time help explore the ideas 💡 in the mind of a Gambler.

The house always wins. In casinos the games seem fair but actually there are things like winning chance etc which determines that the house will eventually make money out of it's customers.

The goal for any casino or betting organizer is to make a profit. Therefore, one should not be surprised that the casino earns from its customers. You have to take it as a given.

Quote from: BitcoinGirl.Club on April 22, 2022, 03:28:55 PM

I remember when I used to gamble I was not like I was gambling to win. Win makes you happy but this was more like an addiction. You do not feel good if you can not keep yourself busy with gambling. Your days and nights are going but you do not care about anything else but busy with gambling. It's a one way road for you. You earn money and spend there.

You are considering the dark side of gambling. Of course, this is the case and you need to consider the negative consequences if you gamble. If you limit yourself and play in moderation, then I don’t see anything wrong with that.

Wind_FURY

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Quote from: michellee on April 25, 2022, 09:49:54 AM

Quote from: robelneo on April 25, 2022, 08:18:27 AM

Quote

Dopamine can provide an intense feeling of reward. Dopamine is most notably involved in helping us feel pleasure as part of the brain's reward system.

The longer the player plays the more he wants more of the feeling and soon winning money is just secondary and he will just opted to play for his satisfaction regardless of the money they spent.

This is the cause of many gamblers who lose control when they play gambling. Playing longer and using more money will only trigger the gamblers to be eager to win the next round even though they know that the next round is not theirs and many of them will lose and lose their money. This is something many gamblers have to realize if they don't want to lose more money and they should stop as soon as they feel they have had enough gambling.

It's an uncontrollable addiction for some people. Robelneo posted, "winning money is just secondary, and a person will play to satisfy his/her gambling-itch regardless of the money spent". But consider addiction to gambling vs. the person's monthly income. I believe Bitcoin casinos should take care of their users to budget their money well so they can continue gambling the next day/week/month. They should want to keep the customer, not make them bankrupt. Hahaha.

Mahanton

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Quote from: jostorres on April 26, 2022, 04:14:22 PM

Quote from: Yamifoud on April 25, 2022, 12:00:40 AM

many had chosen sportbetting because the chances of winning are higher than in casinos. And for some reason that they are supporting their team and updated with the results which makes as an advantage when betting and which team to bet on. I don't think winning rewards really matters, but I think the percentage of winning is very important.

If you have a doubt with the outcome of the bet, you can always verify since most of the crypto casinos are provably fair. If results doesn't match that means the site is cheating on you, you need to report them as soon as possible and stay away from them. I think not all sports betting games are live and apart from sports betting games there are also live casino games like wheel of fortune and crazy time.

This is where the others are playing if they aren't into sports betting. Sports betting can be skill-dependent but what about other casino/table games? There are games that are skill based too but overall losing is still inevitable.

There are casino games which do involves skill and experience on playing it which is mostly talking about on card games that we do know like Poker and Blackjack i would say and the rest would really be on sports betting.
As a gambler then its normal for us to be mindful about on dealing into places which it should really be fair so that we would really be that confident on playing into them.
Gambling is for fun and making bets according to our own knowledge and analysis and see it for ourselves about the outcome and this is where pure thrill comes from.

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Quote from: Yamifoud on April 25, 2022, 12:00:40 AM

many had chosen sportbetting because the chances of winning are higher than in casinos. And for some reason that they are supporting their team and updated with the results which makes as an advantage when betting and which team to bet on. I don't think winning rewards really matters, but I think the percentage of winning is very important.

If you have a doubt with the outcome of the bet, you can always verify since most of the crypto casinos are provably fair. If results doesn't match that means the site is cheating on you, you need to report them as soon as possible and stay away from them. I think not all sports betting games are live and apart from sports betting games there are also live casino games like wheel of fortune and crazy time.

This is where the others are playing if they aren't into sports betting. Sports betting can be skill-dependent but what about other casino/table games? There are games that are skill based too but overall losing is still inevitable.

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Hitting the lotteries is the type of gambling which has lowest winning percentage as you said and its really worth it if we manage to win once in a lifetime but the greediness behind every individual drives the game and higher everyday because the amount if they're actually winning os going to be their life changing moment.

For me dice seems the best because its simple,easier, no skill and pure luck so if we didn't win for long streak it will certainly kick the mid and tell us to do try another day or atleast that is what happened to me.

Reid

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I use to rely on chance. Luck. Whatever they call it. Cheesy

But when sports gambling was introduced to me I changed my point view. It should be mix chance and analysis. I have seen sports gamblers who made good profits by relying on their skills and efforts of following the game for every small changes, stats, injuries, and so on. IMO, it is effective. It doesn't need to be always a chance and this is also why I love playing Poker more rather than other games like roulettes or dice. Poker is somehow skill base and half luck if you get the right cards.

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Quote from: TimeTeller on April 25, 2022, 03:50:14 PM

The best sports to gamble on is really the one you are most familiar and passionate of.
That means, it depends on every bettor here. We have our own favorite sports.
Like you, you prefer soccer, whereas, some are in for basketball.
Because if you are very familiar with the players or teams involved, you are more comfortable betting on their games.
Rather than you have no idea at all. The excitement is also different if you practically know those athletes.
The chance of winning in sports betting is high if you live and breath the sports, thus, some sports bettors can make a living out of it.

I think that if someone knows any league very well, so well that even better than bookmakers can determine the probabilities of the outcome of events in this league, then it is still extremely doubtful that he can make it his source of income for a living. The main reason is a small number of events - after all, out of all the events in this league, you need to choose those where the bookmakers made a mistake with the probability estimate (significantly) and place a bet. I don't think it will be very often. Well and I just don’t believe that you can be better than bookmakers in many leagues.

Smartprofit

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In my opinion, gambling is a great hobby! This is a very good way to relieve the stress accumulated during the working day.

However, it is very important not to get involved in gambling. Some avid players are very much like zombies.

Once I saw a beautiful blonde near the slot machines and decided to get to know her. To do this, I bought one game token and waited until she lost all her bets. After a while it happened. She fumbled in her pockets in confusion, but she had no more tokens ...

Then I went up to her, smiled and handed her the token. She looked at me blankly, took the token and started a new game. She didn't even thank me! She was just zombified by slot machines. I realized that for her there is nothing but gambling, she was already completely out of touch with reality.

This is not good ...

livingfree

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Quote from: alegotardo on April 24, 2022, 06:28:58 PM

Quote from: livingfree on April 24, 2022, 06:24:05 PM

That's the difference if you're for most luck games and with sports betting.

Just choose where you think your bet is spent wisely and that's where you're going most of the time. No regrets after betting and it's always about the thought of winning.

But we do all know that it's not gonna happen but we're trying because the chance will never be gone either small or a bit higher.

Yes, sports games are the best bet for those who don't want to depend only on luck or be afraid that the house may be unfair to you, manipulating the result.

The only downside to sports betting is that the winnings are much lower than other bets in general.

Among sports games and others, I still prefer the first one, as I play just for fun!

Odds are also a matter but if you think that you're in a sure win then there's no need to switch and take a risk on your bets if you've got insiders or info that will make you win the match.

Well, just follow what you prefer and if you're for the fun just keep on doing it, and no need to feel bad whenever you're not winning. Since the reason is just to have fun.

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Quote from: robelneo on April 25, 2022, 08:18:27 AM

The longer the player plays the more he wants more of the feeling and soon winning money is just secondary and he will just opted to play for his satisfaction regardless of the money they spent.

Yes and even if he losses a lot as long as he's satisfied, that won't matter to him anymore. The feeling and satisfaction that he's getting upon playing is the main reason why he's up to gamble.
But still, winning is part of it but a secondary thing. I think I've been into that state of life when I've became once a hardcore gambler for which I go to different places just to gamble, like those house made casinos.

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Quote from: Silberman on April 25, 2022, 05:35:31 PM

Quote from: Synchronice on April 25, 2022, 10:33:16 AM

Why do you drink Cola when you know that it is high in sugar and calories but zero in vitamins and minerals? I assume, you do that for fun, for taste.

Firstly, why do we ignore the fact that some people gamble for fun? I have some friends who gamble and they always dedicate some amount from their monthly salary for it. People analyze that they may lose but what if you have dedicated budget for it and it doesn't affect your life? You pay for gambling the same way you pay for beer or there are free alternatives too, water instead of beer and free slots instead of $ slots.

True, many times people simply do not understand that not everything we do must have some deeper meaning, we are humans and not robots which means that sometimes we need to have some fun, and the way people prefer to have their fun is different for each person, as long as people are responsible in the way they enjoy themselves then there is nothing wrong with what they are doing, and there are some people that enjoy gambling regularly as a hobby and if you have it under control then it is no different than any other recreational activity you may enjoy, like playing video games or watching a movie.

All talks about control and discipline and you would really be making yourself able to avoid on possible problems that you might faced up ahead specially when you do make
yourself get addicted but if you do able to control yourself and get rid of these possible problems then go ahead and proceed on what you are doing.Its your money after all and you are the ones
who have the right on how you would gonna spend it and not other people.Just only be mindful on how you would really be making yourself fine in terms of finances and
other aspects.Stick to that and avoid possible problems as much as possible.

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Quote from: Synchronice on April 25, 2022, 10:33:16 AM

Why do you drink Cola when you know that it is high in sugar and calories but zero in vitamins and minerals? I assume, you do that for fun, for taste.

Firstly, why do we ignore the fact that some people gamble for fun? I have some friends who gamble and they always dedicate some amount from their monthly salary for it. People analyze that they may lose but what if you have dedicated budget for it and it doesn't affect your life? You pay for gambling the same way you pay for beer or there are free alternatives too, water instead of beer and free slots instead of $ slots.

True, many times people simply do not understand that not everything we do must have some deeper meaning, we are humans and not robots which means that sometimes we need to have some fun, and the way people prefer to have their fun is different for each person, as long as people are responsible in the way they enjoy themselves then there is nothing wrong with what they are doing, and there are some people that enjoy gambling regularly as a hobby and if you have it under control then it is no different than any other recreational activity you may enjoy, like playing video games or watching a movie.

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Quote from: Slow death on April 25, 2022, 02:54:36 PM

Quote from: fiulpro on April 22, 2022, 11:09:42 AM

What do you think is the best game/ sports to gamble on ?

In my opinion it is soccer because for me it is easier for me to analyze the games and place bets, of course I consider soccer because I like soccer. in general I advise people to bet on what they like because it is easier to dedicate more time to collecting information, which avoids placing bets relying on luck and not on knowledge

Quote from: fiulpro on April 22, 2022, 11:09:42 AM

Do you do it for winning?

Of course I bet because I want to win and I want to make money. what would be the point of spending hours analyzing a game and putting money to bet and then lose and be happy with it? I think I don't see any point in it. I know that gambling should not be viewed as a guaranteed profit and should have good bankroll management. I do this

Quote from: fiulpro on April 22, 2022, 11:09:42 AM

How many times you usually win in a game of chance+skills?

well many times. but there are also many times I lose. this is something normal

The best sports to gamble on is really the one you are most familiar and passionate of.
That means, it depends on every bettor here. We have our own favorite sports.
Like you, you prefer soccer, whereas, some are in for basketball.
Because if you are very familiar with the players or teams involved, you are more comfortable betting on their games.
Rather than you have no idea at all. The excitement is also different if you practically know those athletes.
The chance of winning in sports betting is high if you live and breath the sports, thus, some sports bettors can make a living out of it.

Slow death

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Quote from: fiulpro on April 22, 2022, 11:09:42 AM

What do you think is the best game/ sports to gamble on ?

In my opinion it is soccer because for me it is easier for me to analyze the games and place bets, of course I consider soccer because I like soccer. in general I advise people to bet on what they like because it is easier to dedicate more time to collecting information, which avoids placing bets relying on luck and not on knowledge

Quote from: fiulpro on April 22, 2022, 11:09:42 AM

Do you do it for winning?

Of course I bet because I want to win and I want to make money. what would be the point of spending hours analyzing a game and putting money to bet and then lose and be happy with it? I think I don't see any point in it. I know that gambling should not be viewed as a guaranteed profit and should have good bankroll management. I do this

Quote from: fiulpro on April 22, 2022, 11:09:42 AM

How many times you usually win in a game of chance+skills?

well many times. but there are also many times I lose. this is something normal

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Quote from: fiulpro on April 25, 2022, 12:24:43 PM

Quote from: fullhdpixel on April 25, 2022, 12:18:25 PM

And don't forget about the promotions, it's also one of the reasons why someone can get addicted on gambling. They keep on coming back, depositing more because the more they spend the more the perks/benefits they are going to get.

When your goal is only to gamble for fun, that is better and the chance for you to become addicted can be lesser because you will be contented on every results that you are getting but if you play for profit, you are sometimes not contented when you are winning. In your head you need to continue because there might be more wins waiting for you. When losing, you also want to deposit again because you want to recover. This doesn't end.

Exactly
That's why I do believe that the people who are actually gambling to make some profits or if they are praying to god for some kind of miracle while holding the lottery ticket these people might get addicted in some way before they can realize that they have lost all, they try and win it back which makes them loose even more money.
Honestly the only way to gamble should be for fun, games like blackjack is something else that's like the one where your skills might count as well and such games you can definitely make an exception but one must realize that gambling is a*game* not a source of income..

Anything excessive is disastrous. So no matter whether you play to win or play to have fun, there must be self-discipline with it. There are lots of people, especially students who have gone astray because of playing video games. They are there to have fun first but later got addicted. The same example is why people drink cola or alcohol or smoke. Fun first then vices later.

Quote

Do you do it for winning?

It doesn't hurt to aim for a win while having fun but always make sure that I will play only within my allocated budget for gambling activities.

YOSHIE

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Quote from: fiulpro on April 22, 2022, 11:09:42 AM

What do you think is the best game/ sports to gamble on ? Do you do it for winning? Are the ideas in the article according to you correct? How many times you usually win in a game of chance+skills?

Good sports betting to bet on, according to my understanding it all depends on the type of sport itself, for example: football, basketball, tennis, boxing and so on.

Some people bet on sports they master several fields, it all does not escape the level they understand the sport, say: opposing team football.
Example:
Southampton vs. Crystal Palace have won some of their matches and meetings with Southampton and have won and Crystal Palace have also won plus a draw during their matches, to determine the next win, if you want to bet you have to look at the players from both teams, in a match against the other team, because they are balanced.
Boxing, it's a different story that has to be seen from the physicality of the two opponents, their skills and careers while in the ring, tennis is almost the same as boxing because it only has two or four players.

In the world of gambling, if I judge that it has a hypnotic power to players, when they experience victory, it's no wonder that every time they win and lose they still want to bet, if they have a good chance to bet, it's for normal bettors, different for high addicted bettors, they gamble like they're addicted to alcohol, if they don't bet their head hurts.

Smartprofit

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Quote from: fiulpro on April 22, 2022, 11:09:42 AM

One might already understand that winning at Gambling is hard but at the end of the day we still see a lot of people increasingly interested in Gambling, this might provide an insight into the casino business and at the same time help explore the ideas 💡 in the mind of a Gambler.

One might be aware of the fact that even though the Gambler knows that he is loosing money they measure the gambling to be an effective usage of that money, a leisure activity to begin with therefore it's more concerned with the activity-than winning an idea that some problem gamblers ignore.

Source :here

In roulette type games more than 95% of the amount is usually back to the player but when we talk about lotteries it goes way below 50% which is explained by the lower levels of winners and winning as a whole despite that lottery is some of the biggest revenue collector for the government. The players usually focuses not on winning big, but most of the time the short increase of dopamine makes their money worth it ( ofc if used in moderation)

What do you think is the best game/ sports to gamble on ? Do you do it for winning? Are the ideas in the article according to you correct? How many times you usually win in a game of chance+skills?

In my opinion, the most logical strategy is to play with the expectation of a big win.

A job or small business can provide a stable cash flow. Playing in a casino, counting on a small win, in my opinion, does not make sense. The probability of a big win is very small. However, a big win can give the player hope for a dramatic improvement in the quality of life. This can be compared to a quantum leap.

Yes, the probability of a big win is small. However, this probability is greater than zero.

Therefore, it makes sense to wait and hope for this event. I recalled a well-known anecdote...

One person at the end of his life turned to God with the words - "Lord! I so wanted to win $1,000,000 in the lottery... Why didn't you give me such an opportunity?!" "I have $1,000,000 for you, I just wanted you to buy a lottery ticket." God answered him.

Topic: The Paradox of Gambling behavior - page 7. (Read 1398 times)