Topic: Woes of gambling (Read 838 times)

Gambling will be considered a scam by those who are looking for money in casinos, the bodh thing on you OP why you consider that gambling is a scam is because you want money from gambling, while so far casinos do reward winners instead of rewarding winnings but you need to respond that gambling is not a profession or a place to make money, it is just a place of games, matches designed to provide entertainment to people, but unfortunately many people think that gambling is a place where you can multiply money. I think you need to understand that you don't make money from gambling unless you are a casino owner, you need money for your casino to operate.

that is exactly what i would like to ask as well.

Basically, we all know how casinos work, but despite this, there is a positive side that focuses on enjoyment, community and responsibility. If you perceive your losses as an opportunity for other players to make money, everything becomes much easier
It's all about balance, education and support.

losses are the same as losses that are certain in casino gambling, because the host's goal is to make a profit from the large number of residents. So those who act as hosts have certainly set the chance of losing for the gamblers to be a large percentage, and the chance of winning is a small percentage, and that cannot be denied, let alone changed. this provision is permanent. In my opinion, this is not a matter of whether it is fair or not, but it is about each individual's understanding, because gambling is a game that was created for fun, not to seek definite profit.

It's a wrong mindset if they think of gambling as something that can make money for sure, because with a mindset like that, they most likely won't be able to accept it when the gambling they do ends up losing, and when that happens, maybe what they will do is chasing his losses or wanting to recover his losses by gambling again, he can even be more aggressive with the gambling he does again, such as by depositing more money for gambling and using bets that are large and worth it, but what you say is true, however they gamble, the end is certain. what happens is losing more money with that big risky action.

Some say that even if you understand the odds, you are still at a disadvantage while playing casino games. That's because the house always has an advantage, regardless of the game you're playing. They may not win every time, but the odds are always in their favour. This is referred to as the "house edge." Some argue that this renders gambling fundamentally unfair. Another factor to examine is the mindset of gambling. It has been demonstrated that people typically understate their risks of losing while overestimating their possibilities of winning. This is known as the "gambler's fallacy." When you're hooked up in the anticipation of gambling, it might be simple to fall victim to this illusion and wind up losing even more money.

your expectations matter what you will get from gambling when I gamble I don't gamble with small expectations and that has always helped me because I enjoy AFCON and the premier league and La Liga leagues like that it makes gambling easy sometimes when you are betting on some clubs you already know what do clubs can do and with some information, it will make everything easy. I have not reasoned for once if a loss has stopped me from gamble and when I lose that is even the exact time that I will rearrange my game and we continue and it just makes everything to easy the whole thing is just about how you understand bitcoin. when it comes to money there is no easy way to make it you have to take that risk and that is what we are taking now.

You wont really be putting up yourself on such problem if you are really just that simply responsible and mindful on what you are doing.People do usually mess up their lives on the time that they would really be having those kind of impulsive approach and those delusional kind of hopes and really that believing that they could really be able to take advantage towards gambling. Yes, its true that we might be lucky for sometime on which we might be able to win up some amounts but on the time that we do decide on playing even more or would really be continuing then this is where you would really be putting up yourself on such big trouble.

Gambling business wont really be that become a profitable business if not into those gamblers who are impulsive on which it does simply shows that gamblers would really be always at their disadvantage on which it would
really be just that right that they would really be that doing their very best on hooking up players since they do know that the do always have the advantage even
if we do speak about longer durations or runs. So it would really be just that matter on a certain individuals on how they would really be able to deal up with things.

That's how casino works,

they earn from each gambler who play and use their services, though you are right that there's time that you may win
huge but if you continue playing back casino will still wins in the long run.

Casino is a business and those who are facilitating knows how they find ways to keep those earnings. Same with what you said,
play for fun and not to expect that much.

I just don't understand when casinos have the house edge and RTP set on their games, why shouldn't they play fair games. They don't make money randomly from the house, they make money long-term from the house, i.e. mathematically casinos are guaranteed to profit long-term because of the house edge while short term, it's not predictable whether you win or casino wins, that means that one day you might hit the jackpot and win lots of money but if you continue gambling and don't stop there, then you will eventually lose. So, play for fun and if you can't get, do some other activities.

Well, some of them are making more than $1 million per year, and others are making less. To make $1 million you have to have the turnover of about $20 million per year, do you think it's easy? But those are just numbers. If you know a casino with $200 turnover, it means the house edge gives them $40 million. And over the last years Coca-Cola has spent an average of four billion dollars a year on advertising worldwide. Against this background  $40 million looks like nothing.

Is this one of your gambling woes? Maybe you are right, maybe you are wrong!
Gambling is a way we can struggle to make money for ourselves. We don't have to necessarily make money for the casino we are using which all depends on the kind of game we are playing and how sharp is our predictions. Casinos games can be configured in a way to make money for the house which is not bad at all, but not everyone is going to win.
 There are people that always lose which is a case like giving money to the casino to pay other players. Sometimes, it is likely for us to fa into this category but not always. Once we understand how gambling works, I think we would know that nit everyone is going to be winner.
There are times we lose and time we win. Everyone falls to anyone of the category anytime we bet.

Most of them can't lie to themselves that it's the "possibility of winning" that makes them come and engage in gambling, I don't care even if they say that they come for fun because most of the time it's just an excuse to hide behind the real facts about what their goals are, and also on the other hand we can see in terms of the impact they have, if after engaging in gambling they experience problems with their finances such as their finances become more difficult then it is clear that it seems like they came to gambling with the wrong goal, I can already confirm that the bad impact in gambling will only happen to those who have a wrong understanding such as gambling to get a win because with a goal like that then obviously they will usually act excessively because there is something they are aiming for which is winning.

You also said and I agree to that that the idea of gambling to make money is so contrary to the actual reality that you will actually suffer a lot of problems if you gamble based on such a goal because after all the overall profit is only for the casino itself. On the other hand yes as I said gambling is a business that will only benefit the casino, and I would ask if there are any gamblers who have managed to make a fortune from their gambling? no, and I would only believe they could become rich people if they basically own the casino itself, I think all these facts are already a strong reason why caution and vigilance are very important to apply to gambling activities.

Your thread is not going straight to the point,it's only beating around the Bush,your topic says "Woes of Gambling" and your bringing up such thread out of it saying Gambling is a fraud and all it that.
What I think is that you need to read up about gambling rules and all about it so you know how to drive into conclusion.
Gambling is no fraud but rather a game of fun and excitements.Yes it involves the use of money to stake a game that will guarantee you chances of winning and it's no big deal because the human nature love what gives them excitement so they can make every move to achieve anything.

As far as I am concerned, it is not right to expect anything big from gambling the result is very bad. Gambling must be for fun sometimes I played it sometimes I stopped it if I stick to it, it will not take time to become a loss instead of a profit. Gambling is not for everyone making money here is difficult. Those who win are lucky but must know how to protect the odds. Change your perspective to reduce risk.

The allure of potential winnings indeed makes gambling appealing to many people. The assumption that gambling is a guaranteed quick way to earn money is contradictory to reality, because gambling reflects the unpredictable and often uncontrollable outcomes. The business model of casinos is designed to favor the house, ensuring their profitability in the long run. Encouraging responsible gambling practices, such as limiting the amounts wagered, aligns with a cautious approach to mitigate potential financial risks for participants.

This is the importance of informed decision-making and responsible behavior in the realm of gambling. Gamblers need to acknowledge the business-oriented nature of casinos and the need for gamblers to approach such activities with a clear understanding of the associated uncertainties and risks. The business-oriented nature of casinos is significant. Acknowledging the inherent uncertainties and risks associated with gambling is a key step towards fostering responsible behavior among gamblers.

I think most people already know about the general reason why the population of gamblers is increasing and that is because of the winning opportunities provided by casinos and this is what makes gambling look very attractive, most gamblers come to win but are not prepared to lose, This is a typical loser because gambling is always about two possibilities, namely winning or losing and therefore it is always advisable for anyone, especially those who are new to and involved in gambling to have a proper understanding of what gambling really is, the fear is that they carry the assumption that gambling is a "place to earn", this is dangerous because there is no certainty about the final result can endanger themselves.

After all, the bookie casino built the casino/gambling to benefit them because it is a business that stands behind the "odds" that make people feel very attracted to try to make the odds of winning a reality, the house holds all the control because they are the ones who organize everything and as you said that the real profit here is the bookie himself and not the gamblers. As I said above that this is a business that stands behind the "odds", therefore having a good understanding and approach is always recommended for safety such as only putting small amounts as you suggested wherever you play.

Most people before getting involved in gambling do not take a few days to do research on what exactly gambling is and what the purpose of gambling is, after doing a lot of research for many days then people need to look in the mirror and ask yourself what you are looking for when you get involved in gambling, then you will be able to understand what you want when you get involved in gambling and you will not be playing irrationally and thinking that gambling will give you profits. If we all did this, then we would see few cases of people talking about gambling profits. but unfortunately the reality is different, when I started with sports betting

I didn't do any research, I didn't know how to bet, I didn't know how to analyze the games. So I just guessed and continued dreaming of profits. I was done making my plans so I could make daily profits. Today, when I remember that past more than 4 years ago, I laugh at myself. My luck is that I didn't lose money 4 years ago. But my way of thinking 4 years ago was definitely not good, today I can see that. but even today I lose in betting, because although I can analyze the games, this is still no guarantee of success, which is why I have had more losses than wins. If someone asked me why I keep playing if I'm always losing?

I would immediately respond with the following sentence: I continue playing because I look at gambling just as fun, that's why when I deposit money in the casino, I get it in my head that it's lost money and I won't miss it, So there's no reason for me to regret it when I lose. The chances of me losing are greater than the chances of me winning. If I win, then I look at that profit as money that will increase my playing days, I don't see it as a big profit to withdraw

Who says money is easy to get in the first place? Isn't people like you that confused yourselves that money can be made this way? If we can just stop deceiving ourselves we will see things more clearer, gambling isn't like a bed of roses for the poor or for those who want to change their life into something better, it's never meant to be easy, we are created to struggle for everything we want and desire.

I can never be deceived that money is easy to come by, I have turned down many investment opportunity because they just don't make any sense to me, it's either their ROI is too high or the way they generate income is hideous and untrue, whatever the case may be, is something sounds too good to the ear it's probably a big fat lie.

That's why gambling as a fun part of your life is the best, don't dream of making life changing money when gambling, don't! You won't see it happen no matter how much you try, such luck come to those that have a different mind about gambling, and even if it never happens they are the safest, because they don't expect anything big from gambling.

Scam is happening when people do not know what and why their money being taken but for gamblers
that understand the ins and out? that they knew where their money ends? that is unfair to call them scammed.

gambling is indeed place to lose money but that is with consent of those who plays here and not
being taken from them blindly.

I don't think any casino would accept such offer as they cannot offer an 100% RTP which over the long run they will be even and I am sure they make more money than 1 million dollar in a year.That is why the house edge is in place to offer like 4-5% to the casino so in a year overall this 4-5% is a sure thing that is more than 1 million dollars and that is why casinos stick to this business plan,it makes money to them and they do not care about such sponsorships.

But it could work for those making money on advertisement, no? If a big company like Coca-Cola was paying a million USD per year to a popular gambling site, I think they could survive without the house edge. They could arrange the creation of 100% RTP slots with known slot providers, the same slots only with higher RTP, and imagine how popular that site could be. I'm not saying that all people could make money there, in fact, only slightly more than usually, but 100% RTP would attract many gamblers, I'm sure.