Topic: What I've learned so far as a gambler - page 22. (Read 2926 times)

That there is when the greed starts to kick in, because most people are just confused when the winning starts coming. The whole mentality changes in just a matter of minutes when they first experience the win and I think every gambler is guilty in this thought cause I believe all humans have some greed no matter how little it is, it then become a matter of how well you can resist the greed and stick to your plan because if let that thought of winning more keep playing in your head then latter would be the case and bet me you will definitely lose everything you started with.

You are right in a way but I think the most important thing is what your capital of $200 mean to you and your finances. If it is some money you can afford to lose  without it getting at your emotion, well I don't see anything wrong with continuing to gamble even after doubling the money. Some people go to the casino with the target of using small amount like the $200 to win big amount like $20k. For someone with such target, he will continue and will not care if everything is lost.

On the other hand, if $200 is such a great amount for the gambler, then doubling the capital is a huge achievement that demands staying away from gambling for a while.

I don't know how you come by this conclusion that the game is statistically impossible to win, that word does not sound nice to my ears. There have been successful gamblers worth millions of dollars, so I don't know where this impossibility is coming from. I know gambling is not an easy game to win but it is not impossible.

Come one, degenerate gambler.

We come to conquer and take casino money as much we can, 200$ is not enough to pay the bill ~XD Go get 10,000$ and moving on to other casino. In-case you lose, at least the first casino are on net-negative.

Just add some joke on these.

I agree with you, given the fact that winning in a casino is something of great difficulty, so when a person wins, even if it is 30% of the money he put into the casino, that person needs to stop playing and withdraw, be very careful when return to playing at the casino, ideally, when that person returns to play at the casino, they play with only the 30% profit they made in the last section. This could allow the person to at least be playing without being at a disadvantage. now things have become dire if or when that person loses the 30% profit they made in the last section and has to put more money in their pocket

When this happens and that person loses money, then that person is already in a loss scenario, he will put money in and will lose and the cycle will continue until the day he stops playing forever or becomes bankrupt if he insists on playing with goals. to recover lost money. I always say that a person will make a profit at the casino when that same person has the great luck of winning a lot to the point of covering all their losses since they started playing at the casinos and then stopping playing at the casino, and when I talk about stopping playing, I mean never playing again. now when a person wins a lot of money and continues playing, then it is unlikely that they will end up with a profit, all the money they won will stay in the casino

That is exactly what a gambler should do. The only problem is that most gamblers who experience it become greedy for money or change their perspective when they win a huge sum at the start of their game. They immediately feel wealthy and anticipate even greater riches.

So, because they persevered and with their greed, they will not see that when they lose the next bet, they will win and recover their losses, but what is occurring in fact is that these gamblers chase their losses without recognizing the amount they lost.

That's why casinos do their best to keep you long, you can't beat the algorithm, it's true. If you want to have fun, you have to leave as soon as you double the 200 dollars. If you reset that money, you will be more stressed and your day will be ruined. When you know how to stop yourself, you act virtuously.

If fueling that pleasure is not enough for you, unfortunately, you have already lost. Greed is such a bad thing that a hungry man knows how to feed himself, but a greedy person ruins everything and even pulls the people around him into this disaster.

This is what makes gambling a more interesting and long-lasting business model for centuries.

The important lesson that I learned so far with my little experience as being a gambler, never to walk into a casino with $200 if you are not willing to lose that $200 is the primary thing.

The desperation for the win at the time of loss makes people lose their temper as well and chasing the loss after streaks of loss is the worst thing that a gambler to do.

If you’re lucky enough to double whatever amount you’ve got on you, that’s a big win and it’s best to go home at that point. An average person would feel lucky enough to continue playing as they believe they’re on a lucky streak having won the first round. This is usually where the decline starts.

I do think people visit the casinos to have fun and perhaps pass the time as well as trying to win some money.
If you want to make money with gambling, own a casino. Very wise words indeed. This is for people who think they can earn an income from gambling.

That's true. Greed is a damn backstabber.
I got x5 of my capital last week and I kept on playing like there's no tomorrow. I earned it all in a week of gambling casinos jumping from one game to another. Until in just one day it was all taken from me like the wind blowing all the cash that I had. When I reached just x3 of profits that's when I got mad that I wanted to bring it back to x5 one more time. But it doesn't work like that, there's a chance you will lose more and that chance is high enough that it will really happen in just a day or worse, an hour or two. And then when my profit went to x2 I got so angry and I started betting without even thinking about what was happening.

Greed can cloud our minds and so does chasing all those profits that we received at the start of our gambling. Casino games mostly give profits at an early stage but when you keep on going they will take everything, and I mean everything including your capital.

I agree that if you win and double your money in gambling, you should leave because it is very impossible to win millions in gambling. Don't wait for it to run out and regret it in the end

It's about what you said that "No one actually visits the casino to have fun" bro, there are so many people who play at the casino to have fun and I am one of them. I even play online gambling and I enjoy it as well. So I kind of disagree with what you said here. Maybe you do, you gamble to win but not everyone thinks like that.

Usually I agree to this since this profit is already on my target profit range but there's some exception and it's when I hit this win while I'm still satisfied on my length of game(when I hit it too early). I'm gambling to entertain as main goal and next is to win with my target profit so I usually still play a little bit more but using with lower bet and withdraw part of my profit including my bankroll just to secure my profit just in case I'm carried away.

Leaving gambling prematurely will just give you more cravings to play more later on. I always assure that I'm already satisfied before I leave so that playing more will not bother me anymore since I already accomplish what I want to get in gambling.

This is like quitting while you're ahead. Despite that It's a very working principle in gambling, many people overlook. if I manage to walk away with a profit of $200, I would consider to had a successful day of gambling. Staying at the casino and continuing to play is just asking for trouble because the odds will eventually catch up with you and you'll lose your winnings. But we all know that this very hard to do especially if it happens in your first bet of the day. You'll started having the false belief that your luck is due to change or that you're due for a win and it's finally here. No, that's actually a trick of gambling deceiving you so you can lose the money and later regret that had you knew, you would have walk away but it is already too late.

Responsible gamblers do not only know not to chase their losses but also know when to take what they have won to leave the casino with it. On some days, you should be able to enjoy the pleasure of winning even if it is not so much and avoid the temptation of being tempted to play more. In summary a gambler should have good self control.

On days you win, do not think that you will keep being lucky if you keep gambling. If you keep gambling, you will leave the casino and gambling house with regrets.

Well, I'm one and I have friends who just play to have fun, and money more here playing for fun you just have to read their stories, if you're talking about offline or land-based casinos I have seen people just having fun just to be there enjoying the ambiance, landbased and online casinos are entertainment portal and many people treat it that way, if you don't treat casinos as a place to unwind and only to make money they it's your enjoyment to think that way.

And about your opinion not all gamblers who want to make money can launch their own casino and many gamblers are just gamblers no technical or business knowledge about launching a casino.

It depends on each person because I only use casinos to have fun with some money. I don't chase wins because it's very difficult for me. If I lose, I will just walk out of the casino and maybe I will return to gambling a few days later.

I didn't think about recovering my losses from the previous day. I even forgot how much money I deposited the previous day. I always make sure to deposit an amount of money that I can afford to gamble with. So far, I am still fine, even though I still often gamble and experience defeat.

Don't ever think about chasing victory or recovering from defeat because it is difficult. Many gamblers have tried it but only a few of them have succeeded in doing it.

Believe it sometimes such determination pays off at the end of the day. In gambling, there are good days and bad days so if you identify that it is going good for you then why run away too early when you have not started losing. I have of stories of gamblers offline who kept winning in visuals soccer, he won many times than he lost and that made him to be in profit. However, he didn't increase his staking power, he kept it steady and winning which further gave him that relaxed mind and confidence to select the right games to gamble on.

It's not bad to take risks but don't have to be greedy while gambling. forsee big wins but also be contended with small ones. If poker is the best game or easy to make a profit, everybody would be poker players. Each gambler has their own special games they are comfortable with and no game could be said to be the best.  


It is only a fool that will train his mind with the intention of tricking my own self. If I am gambling for money there is no need to deceive myself that I am catching fun. Believe it or not, there are still gamblers who gamble mainly because of the fun. I have also seen gamblers who have had good wins that changed their lives forever. Gambling could be entertaining if you have a budget and only use what you can afford to lose.    

Most gamblers can't resist the temptation of a casino whether it's online or brick and mortar, as you said they can't easily walk away from the pleasure of gambling in a brick and mortar casino, the lights and music make them want to stay and keep gambling, it's a very difficult situation for most people to impose some of the restrictions that they brought with them from home.

I hope that if they have exhausted all the money in their wallet in the sense that there is no luck at all then obviously the best thing to do is to force themselves to get out of the casino and go home in tears, don't even think about looking for alternatives to increase the contents of your wallet such as borrowing, because anyone will never know when they will win, so with that alone we should be able to think logically about what should be done in such conditions. In that condition your greed and patience will be tested, yes it is very likely that you will immediately return there with new enthusiasm even though there is basically no guarantee of anything. There is no other way but for you to be more assertive in your self-control and boundaries and basically only you can do it, others will not care about you.

Yep, @OP is like someone who think he's always right and everyone are wrong, so he will not accept other people arguments and using own assumption to make a majority decision.

@OP poker isn't the best game, you could make money from other players, but don't forget not every people can accept losses and they might catch you when you leave the casino. The best game is when you can gamble without anyone disturb you and you have a privacy.

Most likely this will not happen because you will gonna be hypnotized by the lights and amusements inside the casino and only you will find out that you really need to go when you lose everything you have. If a person goes there just to double his money or to win big, there are high tendency that he will be back as soon as he loses his initial capital as long as he has the means to do so. He will just simply withdraw some money from his ATM and get back playing until he is no longer able to. Believe it or not, gamblers are the last people to be able to control their mind because of the greed that continue growing in their hearts once they step into the Casino.