Wagering More or Wagering Less - page 3.

South Park

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Quote from: Golftech on May 11, 2020, 04:00:12 AM

Quote from: Botnake on May 11, 2020, 02:21:31 AM

Quote from: Taskford on May 10, 2020, 06:17:21 AM

but if you are lucky enough then provably you will earn a jackpot if you go on lottery.

This is the only chance a gambler would get good profit in gambling, extreme luck they need that as they only gamble a small amount to win big.
It's like a lottery or winning a jackpot but if we go realistic, we know our chance is very slim, and at the end of the day, gambling houses remains profitable.

Enticing gamblers to keep wagering inside the house in order to get the chance in winning the prize stakes. This is a good marketing strategy coming from the house owners, it's an easy way to bring more players and more money, though there's also slim chance of losing if there's only little numbers of participants since they've needed to pay whoever have the biggest wagers inside the house.

It is very unlikely that a casino is going to lose money with those kind of promotions, any casino with enough traffic should be able to pull out enough profits with those wager competitions, and this is because most gamblers are not really going to take the time to calculate the maximum an amount of money that they should bet to at least break even if they happen to be one of the winners of those competitions, so most of them are just going to bet too much on those games and lose a lot more money than what they really wanted just to get a prize that at the end is not worth it.

iv4n

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Wagering competitions are good, but it's hard to keep up with high rollers! Where there's some nice competition I usually add more money in casino, and I am trying to last longer. There are catches, like you bet high amounts at 95% or higher chances to win. If they have roulette you can bet both red and black and just 0 is a lost game. Most of new casinos that offer their token have those competitions where wagering is important, with hourly, daily or weekly prizes. Add to that tokens you get for more you gamble, doesn't matter do you win or lose!

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Quote from: Golftech on May 11, 2020, 04:00:12 AM

Enticing gamblers to keep wagering inside the house in order to get the chance in winning the prize stakes. This is a good marketing strategy coming from the house owners, it's an easy way to bring more players and more money, though there's also slim chance of losing if there's only little numbers of participants since they've needed to pay whoever have the biggest wagers inside the house.

Gambling house or gambling sites knows what they are doing, they are good with marketing but they always get the benefits of their promotion.
The limit has to be coming from us, we have to be clever sometimes, and understand using a simple common sense that gambling sites will never lose, no matter what.

Golftech

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Quote from: Botnake on May 11, 2020, 02:21:31 AM

Quote from: Taskford on May 10, 2020, 06:17:21 AM

but if you are lucky enough then provably you will earn a jackpot if you go on lottery.

This is the only chance a gambler would get good profit in gambling, extreme luck they need that as they only gamble a small amount to win big.
It's like a lottery or winning a jackpot but if we go realistic, we know our chance is very slim, and at the end of the day, gambling houses remains profitable.

Enticing gamblers to keep wagering inside the house in order to get the chance in winning the prize stakes. This is a good marketing strategy coming from the house owners, it's an easy way to bring more players and more money, though there's also slim chance of losing if there's only little numbers of participants since they've needed to pay whoever have the biggest wagers inside the house.

Botnake

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Quote from: Taskford on May 10, 2020, 06:17:21 AM

but if you are lucky enough then provably you will earn a jackpot if you go on lottery.

This is the only chance a gambler would get good profit in gambling, extreme luck they need that as they only gamble a small amount to win big.
It's like a lottery or winning a jackpot but if we go realistic, we know our chance is very slim, and at the end of the day, gambling houses remains profitable.

Zeke_23

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Quote from: Debonaire217 on May 11, 2020, 01:18:43 AM

In my perspective, it doesn't directly open up the opportunity for you to win too much exactly how you about it. Wagering more than usual just increases the odds of you gaining more if you bet and you became lucky. This should also remind you that by wagering too much, you are risking your funds further at it makes you lose more.

Yes, it still depends on luck.
Wagering more doesn't necessarily mean that you have the opportunity to win because the only thing that increases is the fund and not his luck.

Quote from: Debonaire217 on May 11, 2020, 01:18:43 AM

Talking about wagering contests, it is kind of confusing because every time you bet is like a contest already, they are just somewhat advertising their platforms to enable more participants to bet and for them to earn more.

More like a strategy to attract more gamblers and the gambling site will be able to make more profit just by doing contests like this. Even if they provide a reward, it is still a win situation for them.

Debonaire217

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In my perspective, it doesn't directly open up the opportunity for you to win too much exactly how you about it. Wagering more than usual just increases the odds of you gaining more if you bet and you became lucky. This should also remind you that by wagering too much, you are risking your funds further at it makes you lose more.

Talking about wagering contests, it is kind of confusing because every time you bet is like a contest already, they are just somewhat advertising their platforms to enable more participants to bet and for them to earn more.

FontSeli

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Quote from: Ryker1 on May 10, 2020, 11:11:56 AM

Well, every companies do promotions like discounts and other loyalty programs to make consumers loyal to them, same as with gambling for these rewards can encourage everyone to play more and wage more just to get these rewards. Furthermore, --these rewards could not really compensate your losses it is just like a trap wherein the company will benefit more on this since you keep on wagering more only to be eligible for the rewards. Indeed, for me as always I will bet only up to my limit and when I reach the limit I will stop playing with or without rewards.

What will you do if your limit ends just three bets away before you receive a guaranteed reward? Will you place these three bets above your money limit?

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Quote from: FIFA worldcup on May 05, 2020, 08:36:27 AM

It's a general perception that if we gamble more, we can get more profit. Also we see gambling sites offering wagering competitions. The more you wager, you become eligible for a reward or prize money.

What's your though on this ? Wagering more makes you win more money in gambling?

.

It all depends on your risk management. It is not on how much you bet, it is on how long will you be able to bet and win. Wagering contests are famous among platorms so that gamblers will be attracted playing longer and risking more.

tbterryboy

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Honestly, the amount you put in doesn't matter when gambling. Unless you are playing some PVP game like poker where you are playing against other people instead of playing against the house, you will lose. House has house edges, that means casinos will make profit no matter how much you put in, the bigger you get the harder it will be actually since there is a max, but unless you are at the max, 1 bitcoin or 1 satoshi doesn't matter, you are going to get that 1% house edge against you so you will lose.

Certainly when you gamble more you are getting more stuff like points, vip's, rewards and other stuff that will drop the house edge, but it is still house edge, it is still there, there is really no way that you are going to win just because house edge is lower, it is still there.

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Well, every companies do promotions like discounts and other loyalty programs to make consumers loyal to them, same as with gambling for these rewards can encourage everyone to play more and wage more just to get these rewards. Furthermore, --these rewards could not really compensate your losses it is just like a trap wherein the company will benefit more on this since you keep on wagering more only to be eligible for the rewards. Indeed, for me as always I will bet only up to my limit and when I reach the limit I will stop playing with or without rewards.

BitcoinTurk

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Quote from: FIFA worldcup on May 05, 2020, 08:36:27 AM

It's a general perception that if we gamble more, we can get more profit. Also we see gambling sites offering wagering competitions. The more you wager, you become eligible for a reward or prize money.

What's your though on this ? Wagering more makes you win more money in gambling?

Logically yes, but no to speak realistically. When we think logically, for example, if a game with a ratio of 1.25 is bet 100 units and a win is made, we will have a balance of 125 units, a net winnings of 25 units, but if the winnings of the same game are made, we will have a balance of 125,000 units and a winnings of 25,000 units. When we think in this way, the logic of "more wagering more profit" seems completely logical, but that is not the real truth. Since the rate of earnings increases when gambling with more units, the ambition and desire for income increase indirectly. This causes many people to lose all their money. On the other hand, gambling wins, not always, who plays. For this reason, gambling with more balance only causes harm. This is the bitter reality of the business, and it actually proves that playing more does not actually yield more.

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Quote from: JohnBitCo on May 10, 2020, 05:58:16 AM

A better approach is to risk small amount of money and play a game with a lower odds. The winning chances may be less, but if you're lucky you can win good amount without losing your money

It is only the amount of money that matters here

Whether you play with low odds or high ones, ultimately, it will be six of one and half a dozen of the other. When you make enough rolls (on the order of a few thousands), it will boil down to just two things. The first is the amount you wager at each stake, and the second is the house edge. After so many rolls the odds as such, high or low, become irrelevant as it all gets averaged out to the house edge

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Quote from: JohnBitCo on May 10, 2020, 05:58:16 AM

Going to risk big amount of money in order to win big is risky because you will lose all that amount if you lose the game. A better approach is to risk small amount of money and play a game with a lower odds. The winning chances may be less, but if you're lucky you can win good amount without losing your money.

That will better than to risk big money in gambling because we don't know or don't have a big chance to win. It is a pain if we lose all big money in a short time, and we can feel regret to lose that money. But if you can manage how much money you should use to play gambling, then that will give you more time to enjoy the game. You can also prevent the big risk of gambling because you can use little money to play gambling. So if you wager big money or little money, it doesn't give you more chances to win, but your opportunity to lose will be bigger.

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Quote from: JohnBitCo on May 10, 2020, 05:58:16 AM

Quote from: Botnake on May 10, 2020, 05:53:08 AM

Quote from: LogitechMouse on May 10, 2020, 04:17:10 AM

Well, higher risk = higher reward so wagering more will have higher chances of winning compare to a gambler who is wagering less amount of money.

Obviously, but as gambler, I notice that not all people are wiling to risk big to win big, most of the people just willing to risk small to win big.
That alone makes them being unrealistic in their approach, they can also win but the chance will be very low.

Going to risk big amount of money in order to win big is risky because you will lose all that amount if you lose the game. A better approach is to risk small amount of money and play a game with a lower odds. The winning chances may be less, but if you're lucky you can win good amount without losing your money.

Pure luck will strike for risk takers and you will never earn big if you settle for low bets so if you can't take the risk maybe just continue to play on low but never expect that you can earn huge with that, but if you are lucky enough then provably you will earn a jackpot if you go on lottery.

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Quote from: FIFA worldcup on May 05, 2020, 08:36:27 AM

It's a general perception that if we gamble more, we can get more profit. Also we see gambling sites offering wagering competitions. The more you wager, you become eligible for a reward or prize money.

What's your though on this ? Wagering more makes you win more money in gambling?

It is the reason why gambling is risky because it doesn't mean if you wage or bet a huge amount of money, you really believe that you can win a huge amount of money. But there are still chances that you can lose a lot of money if you pursue to wage more because not all the time you have luck to win.

JohnBitCo

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Quote from: Botnake on May 10, 2020, 05:53:08 AM

Quote from: LogitechMouse on May 10, 2020, 04:17:10 AM

Well, higher risk = higher reward so wagering more will have higher chances of winning compare to a gambler who is wagering less amount of money.

Obviously, but as gambler, I notice that not all people are wiling to risk big to win big, most of the people just willing to risk small to win big.
That alone makes them being unrealistic in their approach, they can also win but the chance will be very low.

Going to risk big amount of money in order to win big is risky because you will lose all that amount if you lose the game. A better approach is to risk small amount of money and play a game with a lower odds. The winning chances may be less, but if you're lucky you can win good amount without losing your money.

Botnake

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Quote from: LogitechMouse on May 10, 2020, 04:17:10 AM

Well, higher risk = higher reward so wagering more will have higher chances of winning compare to a gambler who is wagering less amount of money.

Obviously, but as gambler, I notice that not all people are wiling to risk big to win big, most of the people just willing to risk small to win big.
That alone makes them being unrealistic in their approach, they can also win but the chance will be very low.

Quote from: LogitechMouse on May 10, 2020, 04:17:10 AM

Waging higher give you higher chances of winning but still the chances of losing is still there so if you can handle the risks and consequences that you may face whenever you are gambling then yeah use huge amounts of money in gambling and vice versa.

Therefore just go with your range, or what you can afford only.
Winning in gambling does not need to be instant, if you are really good or you have the skills, you can use an approach that is slowly but surely.

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Quote from: pakhitheboss on May 10, 2020, 03:56:00 AM

Quote from: rhomelmabini on May 09, 2020, 07:58:10 PM

Quote from: MFahad on May 09, 2020, 05:56:37 PM

Quote from: LbtalkL on May 05, 2020, 01:49:38 PM

Technically yes, the more you wager the more possibly the profit if you are lucky enough. But the risk on losing is always there, If I am capable and I have a lot of money to waste why not? but if the money I own is just for important things, I will never do such things it is too risky. I prefer wagering less and I am not prepared to lose a lot of money. Anyways we have our own perspective about it but this is my opinion.

Just remember people come in gambling to gamble and wager. So if they have wagering competition it will be good for the players too. If you don't want to wager then why are you visiting the gambling site in the first place Huh

If you think wagering is dangerous then stay away from gambling sites.

That's not his point, he's just playing safely IMHO. I think he's just a casual gambler or the one that plays at his limit or just plays for fun not for money. He's the one that's gamble and know when to quit rather than chase his losses.

It is not compulsary if you waged high you will earn high. Chances are that you might lose everything that you have earned with just one wager. Higher the amount higher will be the risk.

Well, higher risk = higher reward so wagering more will have higher chances of winning compare to a gambler who is wagering less amount of money.
Waging higher give you higher chances of winning but still the chances of losing is still there so if you can handle the risks and consequences that you may face whenever you are gambling then yeah use huge amounts of money in gambling and vice versa.

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Quote from: virasog on May 09, 2020, 05:54:04 PM

Quote from: jhonjhon on May 09, 2020, 05:28:07 PM

Quote from: FIFA worldcup on May 05, 2020, 08:36:27 AM

It's a general perception that if we gamble more, we can get more profit. Also we see gambling sites offering wagering competitions. The more you wager, you become eligible for a reward or prize money.

What's your though on this ? Wagering more makes you win more money in gambling?

If the only given option in order to (possibly) win the prize is to wager more then, gamblers will take that option but I'm wondering if it gives us profitable in such a thing that the more we gamble, the more lose. And for that sake ( eligible for the reward), maybe I sound tempting but I don't have to take the risk either but rather to play in the normal.

The gambling site gives this temptation gamble more and wager more because they knew that if you wager more there are chances that you will lose more and hence who will benefit when you lose ? Right, the gambling casino is the direct benefiter. Since many people wager and lose, they can easily give bouns as they have gathered so much money from such competitions.

That's their strategy so gamblers will wager more. Giving bonuses or rewards, because in the long run, the gambling site will get more by this strategy. Very few gamblers stop when they already won something, usually they stop when there's no more money to play. Tongue

So it is up to you if you are up to the game and willing to accept whatever the results will be, wager more or less, depending on the game or your mood at that time.

Topic: Wagering More or Wagering Less - page 3. (Read 1065 times)