Topic: What I've learned so far as a gambler - page 18. (Read 2698 times)

If I bet $200 on a gambling game and win $200, I would never put $200 into the game, I would immediately withdraw $200. I will participate in the casino with the remaining $200 invoice. Because if we participate in betting as entertainment and there is a profit motive why would we lose money in betting if there is a profit motive. It is possible to make money from gambling but it is never possible for a man to form a casino company and make money from it. Because building a casino company takes a lot of time and a lot of money and a lot of sacrifice.

Gambling provides many valuable things if studied properly and we can get many valuable benefits if we are aware of them, but only few gamblers are able to understand things like this.
Learn to control yourself over greed, have better financial management, be more patient and be able to have responsible thoughts and decisions.
All of this can only be obtained by gamblers who can truly understand the definition of gambling and have competent attitude when gambling.

Many gamblers always have distorted mindset in gambling, such as thinking that they want big win even though they haven't been able to get the luck to win and continue to try to get it faster and more often.
Of the many cases or problems experienced by gamblers, of course it cannot be separated from bad thinking, as men we must be able to have more dominant thoughts and be responsible for determining what is best for ourselves.

It is not surprising that there are still many gamblers who are too careless in gambling because they do not understand what is called using or learning from every experience they get.

Yes that makes sense and I agree with you about the way professional or experienced gamblers do it, they are not careless in making decisions, surely before that they have done some considerations, none other than because they have experienced things that have a bad impact on them, so over time they know what to do and what not to do, all of that they do just to minimize the chances of losing, it doesn't matter if they only get a small win but what is certain is not to let the number of their losses be greater. If indeed the betting they do is like sports then they must have good skills and analysis, I'm sure they will continue to study it for prevention and maximize the final result.

But still for the final result always depends on luck and they understand that, and all the preparations they have prepared are nothing but just to minimize if indeed at that time they are unlucky then the loss will not be too big. Of course, not only that, in terms of when to come in and when to go out they must also have known, along with the amount they had to bet. That is the importance of experience in any case even in gambling but it is still needed to be taken into consideration, and yes we must make it an example.

      -  The only thing I've learned from my gambling here in cryptocurrency is that when my gambling bet is used up, I really stop. Then when I win 3x and know if I have something to cash out, I'll take it out right away. what I leave in my balance wallet at the casino is the amount which is limited to that amount.

because the only thing I always think about when I gamble is really just for entertainment and for no other reason, and then I don't often play gambling either here in crypto gambling.

Professional gamblers definitely have different calculations from most gamblers. They believe there are things like strategy, skill, analysis, and luck so they will develop their potential to learn these things better so they can have a better chance of winning. They also know when they can gamble and when to stop, and they won't experience a lot of losses because they can prevent that from happening. We who are just small gamblers must be able to learn from many people, especially learning from their experiences so that we can become responsible gamblers and not chase after victory.

I agreed, but gamblers are used to this word of " you are one step closer to winning a jackpot when you quit too early", isn't this the word that's perfectly fit for greedy gamblers? Your win can be around the corner when you quit too early but why care?

Also if this is even close to been true why is it that those who spent hours in casino playing one game after another all go home empty handed? I think the longer time you spent in a casino the the more dangers of you losing your money.

I don't visit the casino because I've heard a lot of things about it, all in the name of making their customers feel at home, how can you visit a casino and you are been served free drinks? It's part of their plan, to make you lower your guide, like someone said to me that casinos look very nice to make players feel relaxed but visit their bathroom you will meet some gamblers crying their eyes out, because they lose all their money.

Just be careful when visiting offline casinos.

I have learned so many things as a gambler, if I were to rate myself I would say that am not that much into gambling, but with my little experience in gambling I have learned not to be greedy, greed makes so many gamblers fail, just imagine a gambler having the mindset of using 10$ for example to win 10000$, is that not greed, his possible is that, if this must happen which I know that it rarely do, he or she has to increase the risk of making multiple options, at the end he or she will lose the said bet, how about selecting little option with higher stake, at least this may increase your chances of winning, this example is mainly for soccerbet bettors, the mindset of winning always, should be kept aside by a gambler because in the game of gambling losses must occur, it is part of the process, trying to recovers your previous loses can lead you into becoming a chronic gambler, so desist from such act.  

It's not simple to turn back and go when we have streaks of losses while owning some funds left in our gambling balance. Unless the player doesn't have few amount of funds left. They can be forced to immediately stop and go home. Then play when they have funds available. But, a person who hasn't finished their bank rolls, will still have to play more. The player needs to have discipline and self control to achieve such an attitude of stopping immediately. After losing a significant amount of money. Though it's not a bad idea to continue playing. But, to stay on the safer side, halting the game is preferable. Considering the profits as the only goal instead of a bonus issued to us to spice up the fun, it affects the player's behavior in terms of win or lose. Things might get worse when they see other users on the winning board earning more, they'd want to be like those players. Thereby, not controlling their emotions for more wealth. What I'm looking at is targeting a specific time to stop; limit. Like you mentioned. No matter the outcome win or lose. The fun can begin to diminish when we don't moderate it. Spending more than we should on what makes us happy can end up making us feel bad about ourselves. Which terminates the concepts of the fun, we went there to earn. That's why it's cool to go to casinos with our close friends, who can remind us about when to stop. And also alert us regarding how much we've spent so far. Most players forget it, and keep playing until nothing is left. You can't tell me that they're well aware of the diminishing speed their bank roll is racing at, and won't find a way to stop. Having a reminder, would be nice as well.

Well, that's really the best thing to do if you happen to double your money already. You beat the house so just quit, withdraw and enjoy your winnings. Sounds easy right? But hard to do especially if you're in the midst of excitement and you can't control your emotion.

Indeed. It's tempting to keep playing because of the thought that you can win more. Unfortunately in gambling, that's not the guaranteed outcome once you started to wager again. I experienced this many times before, and end up regretting my decision. So if I had the chance to profit in gambling, I refrain myself to wager again.

Sports betting is a good choice but most professional gamblers spend a lot of time and money developing statistical models while gambling depends on luck. Others spend a lot of money hiring many analysts and statisticians to develop a complex algorithm. The leading players in the gambling industry can attract large investors who can easily inject millions of pounds into the former to get sufficiently high returns. They never become greedy and know all the tricks of gambling whether winning or losing, professional gamblers can always indulge themselves in the rush of the game.

Yes, it is true that it cannot be denied that gambling depend on luck and in my opinion it is not easy to carry out gambling activities with the aim of making a profit if we are not really "lucky", and we also have to know that gambling will not always give you luck if thats happens to you means you really have the skills to master gambling in casino games.

I know that if someone is successful in gambling, they must use gambling with the skills they have and can control their finances, but I have never seen someone who is truly successful in gambling and uses their skills in what way.
I've watched YouTube with tricks on how to win at slots by getting scatters quickly and getting big money multipliers and I tried it myself but it didn't really work even though I tried it many times, these tips are just manipulative now think logically how We can fool casinos with tips that are spread widely on social media. It doesn't seem that easy. If we easily fool casinos, many gambling businesses will definitely go bankrupt, so in conclusion, if we are not lucky, it means we will continue to lose.

Majority says that gambling is depends on luck but some professional gamblers believes that it also comes with self strategy in playing, It requires a main strategy which consists of the decisions of how much to bet on the various games and when to quit. I agree that most of us doesn't follow the basic steps in a gambling because we are carried away on our winnings and and I admit that I sometimes become like that too.

Gambling is dependent on luck, but we can be on the profiting side if we know when to stop and take a break. Most of us don't follow it, just the wins keep us high and we go for increased bet value. The same ends our wager at the shortest. To be on the safer side better choice is to spend on sports betting than casino games.

Gambling is highly luck dependent, so if you are fortunate to have won a bet at a certain time it tell that you were lucky and never ment you were too good at the casino and have earned you the win. It's basically a lucky day for you although sometimes your experience and logic could help.

But most times it's luck dependent, but if you make vary calculative and logic picks, that way your are driving the odds in your favour and most often you could be lucky to win more than you loose but like I said earlier it doesn't guarantee your expertise with the casino because someday you would definitely have a fair share of losses gambling, but then if you are careful enough with your picks you get fewer losses than wins.

That's really the purpose of casinos, isn't it? The more the gamblers play, the more earnings come into the crypto part, which is the opposite of the gamblers. And I think other gamblers who enter the gambling house know this too, don't they?

That's why it's still good to play gambling without expectations. As mentioned, it should be fun only and nothing else. That's what we should do as casino players, so it's impossible because it's inevitable that there are other gamblers who are greedy and look them up in casinos as a source of income.

Really depends on what are your aims and hopes towards gambling because if you are really just that seeking for leisure thing then you wont really be finding yourself getting stressed on the time that you do play since you are really just that after for entertainment and leisure. Whereas, other people or gambler would really be that aiming for that different thing or intent on which it is really that making
money and this what most people would really be doing and this is where they do really become that addicted. This is why it would really be always better that you shouldnt really be aiming
for making yourself rich because its something that would really be that impossible with gambling. You cant really be easily be able to reach out such condition.

There are definitely other places where you could make money in the long term.

For instance, sportsbetting. Lots of people have made a living just off betting on sports by having a better model and/or having an edge over the casino through the form of promotions. There's also profitable traders who look through arbitrage opportunities in an automated way (e.g., on an exchange like BetFair).

If you are playing these games that are clearly -ev then you shouldn't be expecting to profit from them. Go in with the mindset that you are going to get some entertainment out of it, but that is essentially all it is.

i can very well agree with you here. one should set his limits before anything else, no matter if he is on the losing or winning side. that will give him boundaries on to what extent he will be in front of his games.
earning profits or have winnings, should just be a bonus and not the main reason why you are in this game. otherwise, you will continue to play up until you are satisfied with what you got, and normally you won't get those winnings.

See, that's both a good and a bad logical process in my opinion, and I don't mean to cherry pick on what you said cause I know by all means and intents this is a post centered towards teaching people how to be responsible gamblers, but in my opinion, I would change one thing about that statement, or at least make something more distinct and more obvious.

Every time you gamble, you shouldn't prioritize "earning profits" as the pinnacle of your entertainment and self-actualizing experience. The act thereof of gambling should be the source of your fun. Cause regardless of what the outcome of your gambling session is, and I know this because this happened to me as well, you'd end up going back again and again for more if you haven't instilled some sort of self-discipline upon yourself. That which will help you against ridiculous gambling impulses.

Maybe if most of us haven't experienced having this kind of temptation we may not really understand what's at stake for taking a decision in a critical time like this, the more we gamble the more we will always want more with gambling because no one would wanted to settle for less when they are having the opportunity to make more despite the high risk being involved, yet yiuy will still found out that some are taking their eyes away as if they don't know what's at stake.