You won today, but then you will lose often

Lanatsa

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Quote from: Lucasgabd on November 23, 2021, 04:04:18 PM

Quote from: markk1 on November 23, 2021, 09:02:04 AM

At a short distance, you can play a plus for luck, but you have to stop, otherwise you will lose everything. We must stop playing in time.
From my own experience, I noticed that sometimes it works, if you take, for example, the last few months of the game, it is quite possible to play a small plus.

if you practice good risk management and pay attention to your total cash/limit your losses you won't lose it all
this is where gambling and trading are similar

Also to take note that whenever you do deal with gambling then don't think up some sort of things like trading or investing thing because it is really just totally out of the scope because you would really act

out that you are investing but well it isn't really a bad idea though because setting out limitations would really be that helpful for your side on not to mess up yourself or wreck in terms of finances.

You wouldn't be have no any problems if you do handle that well in regards to your money because gambling is simply losing everything.

Lucasgabd

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Quote from: markk1 on November 23, 2021, 09:02:04 AM

At a short distance, you can play a plus for luck, but you have to stop, otherwise you will lose everything. We must stop playing in time.
From my own experience, I noticed that sometimes it works, if you take, for example, the last few months of the game, it is quite possible to play a small plus.

if you practice good risk management and pay attention to your total cash/limit your losses you won't lose it all
this is where gambling and trading are similar

bitzizzix

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I continued to gamble because I had a dream to win in a short time, and I was given a big win, and after that I was given a loss.
and I keep playing because I feel I have experienced victory before after accepting defeat so I keep playing hoping I will win the game again, and keep doing it until doomsday, and still the one who will profit and be rich is the bookie.
and without realizing it, gambling is like that even though winning in the end will lose too, even without realizing it will receive more losses than wins. Grin

Fortify

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Quote from: markk1 on April 09, 2021, 11:10:30 AM

Hello to all! Another topic about casinos and games. I started playing at the Stake.com quite often. At the very beginning I thought I would just play in the evening, but one evening turned into a constant game during the day. On the first deposit, I was lucky and I took out a little, it was x3 of my deposit and I was happy. Recently, I just started making stupid deposits and trying to win something and I understand that this is self-deception, but I cannot stop and make more and more deposits. I decided to make the 1st level of VIP, but for this I need to make a turnover of 10k dollars, but I am a player with low stakes and this is difficult for me to do. You seem to understand everything that you will lose, but you go to play again. How to get rid of gambling addiction?

Like any addiction, the only way to rid yourself of it is to truly want it and going "cold turkey" is probably the only way to do it. Hopefully the sites that you use offer some kind of opt-out mechanism as I've found those pretty helpful in the past. If you can self exclude then go for the maximum time allowed and simply find some other hobby to keep yourself busy instead, maybe download a free or cheap game (without microtransactions!) that can keep you entertained instead or head to twitch to watch other people as a form of free tv channel. Ultimately you need to learn how to break the habit yourself, try to identify any triggers that draw you back in and stay busy so your mind does not wander back to gambling.

milewilda

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Quote from: Zilon on November 23, 2021, 02:08:11 PM

Quote from: Ultegra134 on November 23, 2021, 01:33:03 PM

There are quite a few instances that prove that gambling may offer you the opportunity of easy money, however, that's not always the case, since the majority of people actually end up losing money in the long-term. I refrain from gambling large amounts, and mostly stick to games such as Crash, Dice or in the worst case scenario, Roulette.

Most times I wonder how people get so comfortable gambling with huge amounts without considering if the end up losing everything before their very eye. I just wish people would come to understand that gambling isn't an investment and as such it's not worth risking that much everyday can't be a lucky day and most times the lucky day comes un announced.

Some are aware and some arent and this is how they do spend up their funds believing that gambling could really make out some profits for them but once reality slapped you into the face then this is
where you would say that gambling isnt really good when you are really just aiming for profits and going for long term. Spend on the amounts that you could afford to lose as always and never intent to go that far if you dont know on how to manage your finances or simply you've been able to spent up your savings because you do just like to play for that very common reason.
House do always win and also luck isnt always on our side so its not really that good on attaching to gambling for that long.

Zilon

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Quote from: Ultegra134 on November 23, 2021, 01:33:03 PM

There are quite a few instances that prove that gambling may offer you the opportunity of easy money, however, that's not always the case, since the majority of people actually end up losing money in the long-term. I refrain from gambling large amounts, and mostly stick to games such as Crash, Dice or in the worst case scenario, Roulette.

Most times I wonder how people get so comfortable gambling with huge amounts without considering if the end up losing everything before their very eye. I just wish people would come to understand that gambling isn't an investment and as such it's not worth risking that much everyday can't be a lucky day and most times the lucky day comes un announced.

Ultegra134

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Quote from: dustboy on November 23, 2021, 11:49:36 AM

Quote from: macson on November 23, 2021, 09:10:17 AM

Gambling is not a killer, but human greed is the real killer. If you are able to control the desire to keep winning and use your logic that it is impossible to keep winning while gambling, you will surely stop when you have won and will continue playing tomorrow.

Absolutely correct, the only killer is ourselves when it comes to gambling or maybe in most other activities. Gambling is killer is a saying from those who cant accept the worst result of gambling, those who think that gambling will give them easy money, etc.

There are quite a few instances that prove that gambling may offer you the opportunity of easy money, however, that's not always the case, since the majority of people actually end up losing money in the long-term. I refrain from gambling large amounts, and mostly stick to games such as Crash, Dice or in the worst case scenario, Roulette.

magneto

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It's all a game of volatility and EV.

A lot of the short term gains/losses that you see in gambling is the variance of the game playing tricks. But in the long run, your return profile will certainly return to what the actual EV of the game is.

Given that games are generally -EV, it makes sense that you would lose more often in the long run. That's for sure.

hahay

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Sometimes this is true, but basically when the gambler can control the way he plays, it is very likely that events such as losing more often can be minimized. In this context maybe I will focus more on sports betting as I often do, sometimes I don't have the control to catch up or take back what has been lost by trying to bet with big odds. So the result is always disappointing or obviously the result is losing more often, but when I start calmly which means not looking for big odds, then it is very possible to lose and win not to be something much different, at least the percentage of winning and losing is not much different that I it will still be fine.

Smartprofit

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Quote from: markk1 on November 23, 2021, 09:02:04 AM

At a short distance, you can play a plus for luck, but you have to stop, otherwise you will lose everything. We must stop playing in time.
From my own experience, I noticed that sometimes it works, if you take, for example, the last few months of the game, it is quite possible to play a small plus.

There is a very good feature film directed by Gaidai "Twelve Chairs". The main role in it was played by the Georgian actor Archil Gomiashvili.

Archil was not a gambler. However, one time he ended up in a casino in Las Vegas. He walked over to the roulette table.

Archil Gomiashvili made a bet on the number. He won! Then he put all the winnings on the same number. And again he won! Then he bet a third time and won again.

He managed to win a very large amount of money.

He no longer acted in films.

He also never played roulette again.

He invested the money he won in the business. He opened a gorgeous Georgian restaurant. Archil did not tempt fate.

If you have won a very large amount of money, then you do not need to gamble anymore. This will lead to frustration.

xSkylarx

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Quote from: dustboy on November 23, 2021, 11:49:36 AM

Quote from: macson on November 23, 2021, 09:10:17 AM

Gambling is not a killer, but human greed is the real killer. If you are able to control the desire to keep winning and use your logic that it is impossible to keep winning while gambling, you will surely stop when you have won and will continue playing tomorrow.

Absolutely correct, the only killer is ourselves when it comes to gambling or maybe in most other activities. Gambling is killer is a saying from those who cant accept the worst result of gambling, those who think that gambling will give them easy money, etc.

However, we do have a position on this because people who believe that the only way to prevent this is to prohibit gambling with others are not in favor of it because they are earning money and also having a good time while doing so. According to logic, the most serious problem with addiction is within ourselves; if we are unable to control our behavior, we have a serious problem. As a result, people argue that banning gambling will only serve to prevent it; however, the real problem is within ourselves; as a result, we should learn to control our behavior, which I understand is difficult, but it is a better option than banning gambling altogether.

dustboy

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Quote from: macson on November 23, 2021, 09:10:17 AM

Gambling is not a killer, but human greed is the real killer. If you are able to control the desire to keep winning and use your logic that it is impossible to keep winning while gambling, you will surely stop when you have won and will continue playing tomorrow.

Absolutely correct, the only killer is ourselves when it comes to gambling or maybe in most other activities. Gambling is killer is a saying from those who cant accept the worst result of gambling, those who think that gambling will give them easy money, etc.

KTChampions

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Quote from: markk1 on November 23, 2021, 09:02:04 AM

At a short distance, you can play a plus for luck, but you have to stop, otherwise you will lose everything. We must stop playing in time.
From my own experience, I noticed that sometimes it works, if you take, for example, the last few months of the game, it is quite possible to play a small plus.

Ok, so let's say that you stayed in profit after some period of the game and stopped in time. What to do next? Never gamble so as not to give them a chance to win back your winnings? Grin

It's just that I often come across such a point of view that the main thing will stop in time, but for some reason no one writes what to do next.

dupee419

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Quote from: macson on November 23, 2021, 09:10:17 AM

Quote from: bitterguy28 on May 15, 2021, 03:47:27 AM

Gambling is a Killer, mean this will kill what ever you desire .

You can count in fingers those who can make their target win and the majority? Losses almost all their funds.

experience will teach you everything , but only if you can adjust from everything you gain and lose.

Gambling is not a killer, but human greed is the real killer. If you are able to control the desire to keep winning and use your logic that it is impossible to keep winning while gambling, you will surely stop when you have won and will continue playing tomorrow.

In simple words, discipline, some gamblers would rather go all out tonight and depression later, it's actually hard to know when to stop because of the fear of missing out but discipline is definitely the only trait one must have in order to be successful.

macson

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Quote from: bitterguy28 on May 15, 2021, 03:47:27 AM

Gambling is a Killer, mean this will kill what ever you desire .

You can count in fingers those who can make their target win and the majority? Losses almost all their funds.

experience will teach you everything , but only if you can adjust from everything you gain and lose.

Gambling is not a killer, but human greed is the real killer. If you are able to control the desire to keep winning and use your logic that it is impossible to keep winning while gambling, you will surely stop when you have won and will continue playing tomorrow.

markk1

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At a short distance, you can play a plus for luck, but you have to stop, otherwise you will lose everything. We must stop playing in time.
From my own experience, I noticed that sometimes it works, if you take, for example, the last few months of the game, it is quite possible to play a small plus.

Silberman

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Quote from: Quidat on May 15, 2021, 03:44:30 PM

Quote from: Silberman on May 15, 2021, 03:21:21 PM

Quote from: Vaskiy on May 12, 2021, 10:01:27 PM

The beginners luck is a big attraction of gambling sites. Myself too experienced it during my initial days of gambling. This drives the beginners go further with big funds. Myself had good luck, but the same didn't last as I don't have control on money management. Later the mind never accept the defeat and want the lost funds back. In the race of recovering the funds I'm running for years.

One who has experienced the losses on gambling can easily stand a chance to profit and experiment trading.

The thing with beginners luck is that due to the fact that you have not gambled for long the variance in your results is going to be at the highest point of your gambling life, some are very unlucky when they gamble and they may never gamble again because of it, but when someone gets lucky at the beginning of their gambling journey they may actually think there is a way for them to beat the casino and that is when they use a big amount of capital only to lose it all later as they have not realized yet the power of the house edge.

Dont really believe on that beginners luck since odds of a veteran one and a newbie would really be just the same when we do talk about luck based type games.
It is just been created on that kind of call when someone is totally new on playing and did able to make some good hits but its not really that making
some difference at all but if we do talk about strategic based ones then you could eventually say that winning percentage or chance is much more higher
into those people who had really that experienced on a particular games.

The luck is the same but the variance is not, lets use this market as an example, bitcoin is the best coin in the market and lets suppose we want to compare its results against a completely new coin, we are going to find out that the new coin moves more abruptly than bitcoin and that is completely natural as the coin is new, this happens as well when you gamble, someone that has gambled for a long time will have their results come very close to the expected probabilities while a newbie could get very different results simply because the law of large numbers did not had the time to take effect yet.

hulla

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Quote from: AakZaki on May 16, 2021, 09:03:25 AM

Quote from: Quidat on May 15, 2021, 03:44:30 PM

Dont really believe on that beginners luck since odds of a veteran one and a newbie would really be just the same when we do talk about luck based type games.
~snip~

Nobody is fortunate that it continues forever. I agree with you. Luck is only part of the many factors that influence it. So don't use luck as the main factor in gambling because in the end you will lose. Call it also like trading activities, maybe people will be lucky, but fundamental technical analysis is absolutely necessary.
I've read that if you gamble you need expertise. Read a lot and of course practice is one way to train yourself. But your mental skills also really need to be mastered, remember not to be greedy. Because this is a very difficult thing for people to have.

Putting ones greed habit to check is a very difficult thing to handle for every gambler.
Though it not a good to idea to use luck as the main factor in gambling in other to think outside the box but there are still some games in gambling that have nothing to do with your level of training or expertise cause that needed is to understand the game rules and regulations.

AakZaki

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Quote from: Quidat on May 15, 2021, 03:44:30 PM

Dont really believe on that beginners luck since odds of a veteran one and a newbie would really be just the same when we do talk about luck based type games.
~snip~

Nobody is fortunate that it continues forever. I agree with you. Luck is only part of the many factors that influence it. So don't use luck as the main factor in gambling because in the end you will lose. Call it also like trading activities, maybe people will be lucky, but fundamental technical analysis is absolutely necessary.
I've read that if you gamble you need expertise. Read a lot and of course practice is one way to train yourself. But your mental skills also really need to be mastered, remember not to be greedy. Because this is a very difficult thing for people to have.

Quidat

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Quote from: Silberman on May 15, 2021, 03:21:21 PM

Quote from: Vaskiy on May 12, 2021, 10:01:27 PM

The beginners luck is a big attraction of gambling sites. Myself too experienced it during my initial days of gambling. This drives the beginners go further with big funds. Myself had good luck, but the same didn't last as I don't have control on money management. Later the mind never accept the defeat and want the lost funds back. In the race of recovering the funds I'm running for years.

One who has experienced the losses on gambling can easily stand a chance to profit and experiment trading.

The thing with beginners luck is that due to the fact that you have not gambled for long the variance in your results is going to be at the highest point of your gambling life, some are very unlucky when they gamble and they may never gamble again because of it, but when someone gets lucky at the beginning of their gambling journey they may actually think there is a way for them to beat the casino and that is when they use a big amount of capital only to lose it all later as they have not realized yet the power of the house edge.

Dont really believe on that beginners luck since odds of a veteran one and a newbie would really be just the same when we do talk about luck based type games.
It is just been created on that kind of call when someone is totally new on playing and did able to make some good hits but its not really that making
some difference at all but if we do talk about strategic based ones then you could eventually say that winning percentage or chance is much more higher
into those people who had really that experienced on a particular games.

Topic: You won today, but then you will lose often (Read 4148 times)