Topic: What I've learned so far as a gambler - page 20. (Read 2698 times)

That is how most people do when they gamble or do something that they have set a limit to, if they are enjoying what they are doing and are having fun they tend to be loose with their limit and so end up breaking it up entirely. OP is out of touch and think that his advice about people just stopping when they have doubled their initial gambling money is a pretty easy especially with a lot of people not being trained or have a discipline to quit while ahead.

If I go to the casino and can double my money then I will try to keep the initial capital used and only play with the winnings, maybe not playing the same day but the next day because I want to enjoy the fun, because even though losing money is not fun but I'm sure there are many who still go to the casino because the intention is just for fun and you know that when you want to get pleasure in other forms there is also money that will be sacrificed to get that pleasure, indeed there will be those who say it's stupid to get pleasure from gambling because people always associate gambling with throwing money or other stupid things, but not with people who really just want to get pleasure from gambling.

Haha.
I don't think I have the guts to go that far. Just $500 of profits will put my tail between my legs and I will probably run. That's a lot of money in my country and I would definitely withdraw if I get such an amount. It's enough to pay the bills for a month or two mortgage, electricity, water, and internet with some groceries too.
I still believe there are a lot of gamblers who are disciplined enough to take advantage of what they win from casino games. It's not easy to win there so we better get out if we multiplied our capital by two times or maybe even higher than that.
Savour it first then go back to gambling like a brand new player again. I mean, it can help us refresh from all the stress that gambling has done to us. I've done it twice and I can say it's worth it, took my two sons to the mall and let them eat what they want and play what they can. For me, it's a satisfying part of my life.

I have learn as a gambler don't do anything with emotion. Emotion is the main enemy of your life in gambling sector and in your real life. Emotion force you to take wrong step and emotion force you to decide very fast which always creat problem in your life. Emotion control help you to being success in your life because if you can control your emotion then you can think what you want to do what you can do in cold mind. Gambling help me to know how emotion controls helps in life.

This mentality is one of the major setback of gambers as they ain't contented with the amount they won and I just think is greediness. You will see a gambler play a casino and wins some amount of money that's almost double of the amount they budgeted to play with instead to stop betting they will feel that they can win more if they continue playing and by so doing all the money vanish.

Though gambling is meant to be played for fun whether we win or lose but in a scenario whereby we make some profit in it then we can stop playing for that day, one can still continue some other time as continuous playing might lead to excessive losses that will be regrettable at the end.

You're just a damn genius!

Doubling your money is better than losing your money to zero. Who will argue with this? - Nobody. Which gambler would do exactly this? - Nobody.

It's almost like "the best fight is the one that doesn't happen". In gambling, it’s about the same thing: “the best gambler is the one who stays away from the casino”.

Just so you don't end up among the bad players, but otherwise, this is an ideal scheme.

Every gambler is at the mercy of the house.

At least one more person understood this.

I think stop playing is the best for someone who can't afford to lose his money. Gambling is very much unpredicted, playing a again can be a time to lose the money entirely and not having anything left. Playing gambling and still winning back the capital is still big win, one don't really needs to win million to call it a win. It is better to to win the capital than lose it all without having. Still keep on gambling is not a guarantee to win this time again. The best thing is to just have a break for the moment and try again. Playing continously is as if one needs to win desperate which losing always trun up to be painful.

you are telling the truth to gamblers who bet for money. I mean betting with the aim of making a profit of course they will gamble and after getting a win they will find it very difficult to stop because the thought "I can win again" is always a terrible mystery for gamblers like greed which can ignore self control even greed like this can destroy healthy mindset.

dont misunderstand the meaning of some of the words you say because there are most people who gamble just to have fun. In fact, I also think of this as just a place to entertain myself like playing video games and I am not a hypocrite that when we are playing video games it impossible. we want to lose continuously, of course we also want to win and its the same as gambling.

makes perfect sense. but unfortunately not all bettors gamble only for money.
as we know logically, big gamblers who are able to bet hundreds of dollars or even millions of dollars may be a whale and they could have set up their own gambling business but they choose to gamble. this is what I mean by gambling just for fun.

Those who get involved in gambling must have a goal that they will bet and from there increase their money by winning more and more. The number of such gamblers is high. There may be some number of gamblers who may come to gambling for a period of time and after winning from there they will quit gambling again. When a gambler wins, he tries to get the next win and thus his demand increases. This is a common nature of gamblers. I myself will try to research how to get another win if one wins. But if I win 200 dollars, I certainly won't bet 200 dollars in the future, and I don't think I'll have a chance to win 1 million or more from gambling. I am sure those who continue their gambling with the aim of getting more will definitely lose all their money. Gambling should be done under control otherwise there is a chance of losing everything.

Why do you say that? It has been proved many times that if someone can play good poker in land-based casinos, he/she is good in online games too. I think it's because this body language stuff is bs. What matters is the size of your bet, the time you spend before betting, and your previous actions in this regard. Whether you are playing online or in a real casino with others at the table, doesn't affect your performance in the long run.


If you ask me, the man who said it wasn't that wise. Owning a casino isn't enough to make money. It's a complicated business and you should know how to run it.

Yes, just take your winnings and get the hell out of there. The moment you think you can double the winnings, that is the exact onset of your gambling addiction. Listen to so many gamblers who struggle with its addiction and you will hear this familiar line like, "my addiction started when I won $100 , $300, $400 and continued gambling." Their new goal will be to make even more money. From there onwards, they'll continue to invest significant amounts, even exceeding his initial winnings. It is a spiral that doesn't end and soon after they are caught in the gambling web.

True what you said, most of them when they get a win they will shake with their intentions which initially will withdraw all winnings and when winning there will be a sense of dissatisfaction, curiosity, greed, which encourages them to continue the game and like you said they will feel their luck has not run out, so they decide to bet again to continue the game, because with so many strong drivers making them to play again.

They themselves decide in the future to make decisions they will be driven or haunted by high curiosity and greed that controls them, they should know if they continue the game will be like what, and they should feel enough with the winnings they have earned and cash out the winnings and then go from gambling to rest their minds and enjoy their winnings.

About the thing that a gambler that knows what he is doing knows when to stop, I kindly disagree with you about that, not generalising all the gamblers but mostly many gamblers become addicted because even from the start they know their limit or what they are doing, it is unavoidable for a gambler to become too addicted for a certain reason. Logic and thinking responsibly will be nothing to a gambling addict. That's why, from the start, if you know you can't control yourself, don't do gambling.

About doubling the initial capital, it's not that easy and you can't always do that. That's why it's much better to know when to stop and when to don't. For example, if you have $200 and you are playing for quite some time and still not gaining or doubling your capital, you should know that you need to stop. Don't push to reach that. For example, you can stop if you see that you've earned quite an amount. A win is a win, and a profit is a profit, no matter what amount it is.

This is easy for someone to say but if you ever do that for real, you will not be able to do that, the serotonin that you get when you win is going to make you decide differently and make you want to stay gambling even more because your brain if not discipline will make you think that your luck might not be running out yet so you push it even more until you lost all the money that you have, I dare you to try it for real and see if you can do it after a win.
That is not the devil whispering, that is just your mind and you only trying to justify playing another game and yes I do agree that when this feeling of whispers is starting to accumulate, it is a good time to stop but then again this will be based on your will and discipline again. If you can resist playing more games then good for you.
Blackjack has the lowest house edge so technically, it is not just poker that you have some power or control. But it can be argued that if you are doing good in Blackjack, you might raise some eyebrows in the casino as Blackjack is notorious game for card counters which is not exactly illegal but it is definitely frowned upon by the casino.
I am at a loss here, you are not most people that say that casino is for fun including me, I do not think that people that think like that is going to be good for casinos because playing for money will inevitably lead you to the path where you will try to chase losses.

I quoted you the entire post because I think exactly the same thing. The problem is that many people who gamble don't understand the concept of expected value. In poker, with a combination of intuition and calculation you can make plays with positive expected value, but in casino games in general it is impossible. They are inexorably EV-games.

So, if someone goes to a casino with $200 and plays a play in a 5% House Edge game, if he wins and doubles up, having a total of $400, that person doesn't really understand that he has had $210 of too much luck. He thinks he is on a streak and continues playing as if the streak will never end, to end up losing everything, when he has not understood that in the first play the expected value was $190, and if he has ended up with $400 it is that he has been way too lucky.

Gambling is filled with volatility just as cryptocurrency, the results are versatile and this is my kindly advice, don't be too dependent on the system because there's plenty rooms for dissapointment for anyone that hopes of getting better results from the system. Gambling do have two possible outcomes, it's either a win or a loss, but whatever outcome we ought to embraced it and hits a trial another day. Today might be a bad day, but we can not be unlucky for 365 days, one of the brilliant motivation quotes that keeps me going to good standard.

Some people who gamble to double their money will of course find it difficult to get their winnings because it is very difficult to win bets if they target winnings from the games we play and gambling for fun of course it would be better if we had determined the money we use. to gamble and not take other money when you lose.

If we can win the bet we play, it would be better for us to look for other pleasures so that we don't experience defeat after the win we get.

Well, it is good to know you seem to be in control of your gambling habits OP, this is the kind of stuff sometimes is supposed to be repeated so people won't forget about how important it is not to let greed to take over us while we are having a lucky night in a casino.

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I have wondered in the past how possible it would be for online casinos to host live events for their gamblers in that particular location to enjoy, like I know it would not be so easy for them to do so as it is for brick and mortar casinos; it would just be nice to see some online casino to try to get us the full experience if what we would get in a brick and mortar. I have also fantasied a bit with the idea of online casinos getting a partnership with delivery services so they can send some drink or snacks for those patrons who have gambled beyond some wager requirement, you know they usual treat of old school casinos, but adapted to the digital era. Perhaps, some day we will see it. 

Sometimes when we win a big jackpot, greed always comes in and we hope to win more because someone definitely thinks that they still have more luck.

Your experience is almost the same as mine and I have also told about it in another thread. This can be a lesson for all of us. If we are gambling and have won, it is better to stop immediately and enjoy the win by leaving a little money to gamble again tomorrow. Try to get lucky again, but if we don't get lucky again, at least we have set aside the money we previously won for other needs so that the winnings are not just spent on gambling.

You sound so in control in your gambling habits, OP. Youre right that it is better to secure your gains rather than risking it all for more. Tho doubling your money is a significant achievement in a casino, we should learn to stick on our budget especially when your consequently losing. And once you win, considering alking rught away. Knowing when to walk away with your winnings can be the key to leaving on a positive note. It's a smart strategy