Topic: Why most gamblers can never hold onto big bag? (Read 1916 times)

That is really a worse scenario. I know losing isn't the end of our gambling life but being out of control because we are desperate about the losses we have and we want it to recover, it gonna be worsening at all. It for sure you have learned it already and I supposed to think that it changed your mindset and becoming more responsible in your gambling life.
Its a lesson and learn, we can't correct our mistakes if we don't find a solution to it.

That ultimately depends on the proper bankroll management

If this management is good, the max bet amount (and thus how much you can win) is tied to the bankroll size, with a decent safety margin (there are mathematical models for that). So if someone wins really big, the casino will have to diminish the max win to keep up the sustainability of its operation. However, this is not always the case, and there are quite a few examples when casinos were ruined by a deep pocket with a bottomless purse

I think it is almost impossible for the players to deplete the entire bankroll of the casino, as I know some of the online casinos are allowing investors to invest their money into the casino bankroll. This would enable the casino owners to have more bankroll available for their operation, and even if a player got lucky and hit a big winning streak and won himself huge amount of money, he would eventually lose all the money back to the casino if he choose to play against the casino for long period of time.

Could you explain where's pun here? I'm a big fan of those and just want to know what I'm missing (other than pun and fun rhyming perfectly)


If we think about that, it more and more starts to look like a self-defeating argument

Really, if you don't enjoy gambling as a process, i.e. you are not an adrenaline junkie of sorts (as most gamblers are deep down inside) and you are continually losing to the house, which is kinda set in stone (at least as long as we are talking about games of chance, e.g. dice), then what forces you to come back and play again? It simply makes no sense unless you get a kick out of it, even if it is an emotional roller coaster (at first you feel exalted and then depressed)

Control is the most important, for some gamblers they need to make mistakes in order to learn but if they will keep making mistakes then they can expect that they are going to regret their wrong action in the long run.

The experience of OPs friend is not new to us gamblers, in my case, I have a very bad experience in gambling too and that leads me to being responsible now, my experience was more on I continue gambling when I am losing until I lose beyond my budget in gambling.

I think he need to have control hiself on playing and remind him that he better to have controlling his self on betting amount of money.
It is bad that it happen to him that his winnings amount are lose including the capital that is the reason of the others why losing more money in gambling suggest to him that once he got win withdraw the others.

I will always disagree in this mindset "Gamble just for fun" to avoid things you don't wanted, okay? but we still cannot deny the fact that even though we're having "fun" (pun intended) we are still going to lose most of our money whether we burst our bets or not, that's the truth. Now, if you guys are saying that there would be no hard feelings that way, I must again disagree, because that is not applicable to everyone who gamble.

Not all of the people could enjoy gambling especially those people that don't have plenty of money. Most of the gamblers who can do that are those well privilege when it comes to wealth, since money is not a problem to them at all, they can gamble all they want, they can lose any amount of money and still, it's okay for them.

It's part of gamblers' thinking. We all want to earn and win that's why it's your responsibility to control yourself. If you lose control, you actually lose the money you're gambling.
And also can lessen losing.

This is a interesting topic but the answer is pretty simple, imagine knowing a gold mine and you are allowed to carry gold but if you are caught then you have to forfeit all gold and pay what you had, its almost similar to that where you win some money then you feel for more and go for it if you achieve the cycle continues itself. Now unless your luck exceeds all limits and you bankrupt the bankroll of the casino there is no realistic way of how you would stop. That is often the problem with easy/free money people get greedy and loose all, this is also the concept of how most of the ponzi out there works, they pay you some interest and you invest again this continues until one day they decide the amount is enough to run away with.

The only possible way to hold with a big win is that you must take a break for gambling and realize that what you win is already pretty significant and chasing more profits can make you loose it all.

Not going to argue with the "gamble for fun" part, cos  those are my thoughts too. But I think that when we say that something is inevitable we should specify, during what period of time. I mean, you can go bust in a matter of minutes because of bad luck, but, however hard I tried, I failed to find any reliable information on after how many bets you are guaranteed to lose to the house. I have an impression that it is something closer to billions rather than to hundreds. And it really makes me laugh when someone who lost $200 to a roulette game within just 50 spins is told by his friends: "There's a house edge! What were you expecting?!"

While you are not incorrect it is safe to assume that it was that greediness that allowed him to reach those levels of profits in the first place, I know that if I was in his place and I started with a certain amount of money and after some time I doubled that amount through gambling I will probably stop right there and think of myself as someone incredibly lucky, but in his case it was that greediness that kept pushing him forward until he reached those profits and it was that very same greediness that caused his downfall by forcing him to keep betting despite the huge profits he got already.

The reason why your friend lost too much money in just a day is simply that he is greedy,

I don't know what is the actual process of his gambling but base on what you have stated, the only reason that I can see is that he wasn't able to control his addiction. He can't stop himself to continue gambling and turns out that he end up having nothing. That is the common problem of a person who's addicted to gambling, sometimes they don't know how much they lose and only realize it after they play.

We all agreed to the terms or idea of how gambling can be our one way ticket to being a millionaire instantly. Sometimes when luck hits you, it may bring you the biggest twist of your life which is to earn a lot of money. Yet it will so makes you so sad if the luck isn't with you. Luck isn't thst constant because it will be randomly experience by anybody that is playing gambling.

To the idea of most gamblers never hold onto big bag is that because they always ate by the idea of greediness. If they think or they earn a lot of money that they didn't earn in the past, they will desperate want to experience the earnings. And sometimes gamblers experience the overthinkinh of what may happen to their earnings if they didn't pull put or withdraw it. Some gamblers also into the idea of anything is possible, so if they earned money they will alsp earned it in the future.
And also, if gamblers learned how market works and what things ro be considered in gambling, they will not panic and van wait for the bigbag and stays to hold on. Most gamblers is in the idea of greediness and overthinking. But what can we say? Gambling is one of the most easy way to earn a lot of miney yet dangerous also in terms mo chance of losing a lot of money as well. All of people have different perspective in gambling and also they have different strategy in order to earn money even if it is in long term or short term.

Obviously it is because it goes into his head, thinking that he might always get lucky if he'll push his luck to its limit, which clearly explained that it can't. Gamblers who don't know how to control their emotions and urges to have more profits will eventually lose their profits in the end of the day, the worst part is that they will never make profits again, I mean it will take some time before they would experience the joy when they are winning huge profits.

They key is to be contented no matter how big your profit is, it is safer that way, nonetheless, proceed with caution and take the responsibility to yourself.

This is how casinos operate for the most part. They take advantage of the psychology of addicts, or even normal players, who don't know when to quit. A classic example being blackjack which has by far the lowest house edge of any table game in the casino. Even though over time it's meant to be profitable for operators because of the house edge, the game still takes advantage of people that go bust because of greed.

Giving back what you win is almost inevitable which is why you should only gamble for fun, not to make money.

The only thing which comes to my mind is that gamblers in general are greedy. That's the only reason they always lose the profit which they gain from winning. If gamblers overcome the habit of greediness, they can earn good amount of money from gambling.

They will never be satisfied if they cannot control themselves because greed will always be with them. But hey, when some people can taste money from their work before they finish their study, they will not continue their study because they think that they don't need that because they already make money.

In gambling, when people can win some money, they feel that it is something important to them because not all people can win in gambling. That can make them play gambling because they want to get another winning, but unfortunately, they cannot always win in gambling.

many people have that trait and it has become a very normal thing because human nature can be said to be trying to get a lot of profit but are afraid of losses that might occur so that only people who can control their patience can get the golden opportunity.

Most gambler could never hold onto big bags because they couldn't control their self they couldn't control their greed they would want more they would keep on playing until they lose it all or they get what they wanted.
It is simple as that it is like what my older friends told me back when I was still in high school some people wouldn't go to college once they have a taste of earning money from work.
So I think it also apply on gambling some people wouldn't stop once they have taste of earning from gambling.

That's correct, and we should not be surprise that some countries ban gambling because people are losing money that they are not suppose to lose anyway, they need to bet only what they can afford to lose but they does not have that control, so instead of educating people, government make a drastic measures by banning gambling in their country.