Altcoins Talks - Cryptocurrency Forum
Marketplace => Gambling & Crypto Casinos => Gambling discussion => Topic started by: mu_enrico on May 08, 2024, 06:50:07 PM
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It's widely accepted that the house always wins because of the House Edge. The most common translation of this rule would be: the longer you play, the more you lose, since the odds are against you. However, perhaps someone here in this forum could beat the house. Who knows?!
Since I don't keep or count my profits and losses from gambling, I can only roughly estimate that I've lost no more than 5% of my net worth because of gambling since 2017, and it's still less than the total sum of unimportant things that I've bought lol. Furthermore, the gambling industry also offers the opportunity to earn via affiliates, signature campaigns, etc., which can easily offset my 5% loss.
What about you? Do you suffer because of gambling, or is it not worth the time to keep P&L since it's not significant?
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There has never been a time when the edge favours the gambler's but rather the casino because it was designed to be so. At first I will join you in saying that I do not keep track of my gambling proceeds because I do not do that to earn but for fun. Yes of course I have won games and also lose some as well but it is just that way because games are like that.
Truly looking at the other aspects of which you have mentioned about the gambling industry with respect to signature campaigns, affiliate marketing, reviews and social media promotion, I think this aspect has luck shining on me. It is worth it and I can say that I have been able to benefit from it too.
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I personally have majority of my previous bets in loss I was unlucky those times but maybe soon luck will be mine. I do have small profit before but in reality as long as we keep on placing bets we won't realize our loss will be more than the value of our winnings sad reality. It is all okay as long as we are having fun and taking lessons in every mistakes and lapses we did in our gambling activities.
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Loses because years back when I didn't gamble for fun, I at times tried so hard to get my loss back but each time I try to, more losses I get in return.
Ever since I begin to find out that, a gambler who focuses more on their losses, lose more at the end of their gambling activities for the day. Nowadays I win and I lose but before that, I have already brought out the little amount I can risk in gambling without feeling annoyed by any loss made
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What about you? Do you suffer because of gambling, or is it not worth the time to keep P&L since it's not significant?
I don't calculate all my winnings and losses, but you are right: the longer you play, the higher your chances to lose, so in the end, we end up failing because we become addicted to playing. I like to believe I'm at a loss because there are more losses than winnings.
I can count the number of times I won but cannot the losses, I guess gamblers are like that they like to remember their winnings and forget their losses.
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What about you? Do you suffer because of gambling, or is it not worth the time to keep P&L since it's not significant?
I didn't suffer mentally despite losing most of my gambling funds and for me, it's not worth the time to keep up my profits and losses since at the end of the day, I already set my mind whenever I'm gambling that whenever I put some money in gambling, I consider it as a loss for me.
I don't know if it's only me, but I have this mindset of whenever I put money into gambling, I consider it as my loss right from the start because based on statistics, most of the gamblers lose their money in gambling. :D In that way, I don't feel too much regret or disappointment whenever I really lose that money. If I end up winning and at least doubling my capital, I immediately withdraw it keeping my profits, and use it until I lose it all.
Overall, my gambling experience was a loss, but I don't feel anything negative at all.
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Gambling generally comes with winnings and losses, everyone wins and everyone loses, but it completely depends on one's individual approaches to know if they'll stay in profit after winning or if they'll gamble away the little win theyve been able to secure.
Some gamblers are just to greedy that even if they win, their wins are never enough for them, either because they keep record of their losses and decided to recover it all that day and of course we all know how that usually ends.
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I think in long term gambling a gambler never wins. Only the house wins there. The gambler can only get ordinary pleasure by spending his money. But knowing this fact we like to consider gambling as part of the income which is one of the reasons for our loss. If we can gamble without the lure of gambling money, our loss can be greatly reduced. Happiness should be valued more than money. I have no idea how much I have lost in gambling because the rate is so high. I consider gambling a source of pleasure, not money. Money just intensify my excitement.
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What about you? Do you suffer because of gambling, or is it not worth the time to keep P&L since it's not significant?
Only irresponsible gamblers suffer from gambling, gamblers who are not principled and gamble above their budgets in amounts that they cannot afford to lose.
Responsible gamblers will always find a way to make sure that gambling does not encroach on or affect the other activities of their lives.
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I think I have experienced more losses than wins in gambling. hahahaha
This is because I often panic easily and can't see the obstacles to winning in gambling. Not only that, it seems like I'm more prone to bad luck. Of course, this is a very valuable experience, especially when it comes to gambling with our money. but fortunately it is not a high nominal amount. so that at least you don't have to grieve for a long time. and finally try and try again, because you wonder when you will actually win. In the end, it was because of my high curiosity that I often experienced these failures.
So, it's best to limit our curiosity and also limit the money we deposit. in order to disparage the various polemics of gambling addiction which usually if it gets serious then it will become a problem too.
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It all depends on the type of gambling. if you like slots - I was there almost immediately. Rendom is a great thing, but when you depend on it completely, it's not interesting. I'm more interested in playing poker, betting on various sports - in other words, participating where something depends on you.
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What about you? Do you suffer because of gambling, or is it not worth the time to keep P&L since it's not significant?
Only irresponsible gamblers suffer from gambling, gamblers who are not principled and gamble above their budgets in amounts that they cannot afford to lose.
Responsible gamblers will always find a way to make sure that gambling does not encroach on or affect the other activities of their lives.
I think one part of gambling that people always miss, is the part about making sure that one's emotions are in check, because if a person's emotions are not in check while gambling, that's when it can lead people to making impulsive decisions due to emotional imbalance. Sometimes it's easier to say they'll not gambler irresponsibly but when they're faced with the situation that requires them to use their brains and not their emotions, they always default, sometimes without even knowing it.
That's one crazy thing about gambling problems.
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As long as I bet, I always lose and to get a profit, I think it's very difficult, I've spent time and money but it doesn't produce a single win, maybe I need to learn how to bet first.
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So 4 losses and 1 break-even...
It all depends on the type of gambling. if you like slots - I was there almost immediately. Rendom is a great thing, but when you depend on it completely, it's not interesting. I'm more interested in playing poker, betting on various sports - in other words, participating where something depends on you.
House Edge (HE) is everywhere though, even if you play poker or bet on sports, HE is still there. Sure if you can win more than you lose, you'll be in profit. However, to do it consistently in the long run is difficult. Plus one wrong decision can delete all your profits.
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If we're talking about all-time, then it's most likely a loss but I don't even know the exact amount or the close estimate. I'm sure all casino games I played for year ended up in net loss but I'm not sure about sports betting. For the latter, maybe break-even or close to that.
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What about you? Do you suffer because of gambling, or is it not worth the time to keep P&L since it's not significant?
I don't calculate all my winnings and losses, but you are right: the longer you play, the higher your chances to lose, so in the end, we end up failing because we become addicted to playing. I like to believe I'm at a loss because there are more losses than winnings.
I can count the number of times I won but cannot the losses, I guess gamblers are like that they like to remember their winnings and forget their losses.
Yeah exactly, only positive outcome can be remembered most of the time as that is something psychological. Same here mate, I also don't care about my winnings and losses what's important is that I am having fun with the game winning is just a bonus to me but yeah we all know that the reality is winning can be very elusive.
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Gambling is for entertainment and even though it is for entertainment, it is very important to keep track of winnings and losses in gambling. When I calculate my gambling wins and losses I can see that I have not lost I am in profit. But I don't know if I will be able to stop gambling with profits in the future but I hope I can stop gambling with profits in the future. But it is very important for every person to set a specific budget for gambling. If you gamble without setting a specific budget then you can lose a lot of things in life which will make you feel very helpless if you calculate at one time.
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Gambling is always unpredictable and risky. Profit and loss available in gambling. Some times i win from gambling and some times i losse from this gambling. But overall calculation i am losser. Bit that amount is very poor. Gambling is very critical foe gambling we need huge practice and study even for gambling luck is very important. Who is lucky he will be profitable in gambling. I saw some people always lossing and some people winning.
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This question raised by OP seems to be contemplating because with the general knowledge of what gambling is meant to be, i don't expect seeing a person talking about gambling in this way when we know that its more likely to loose when gambling than winning, this alone is good enough for us to understand what we want and how we could go about it, we shouldn't be gambling for making profits in the first place, it should be under the understanding of a means of being entertained.
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Gamble is very risky, and comes with more of losses than profits. This is the reason why a gambler will experience more of loss than wins. In my entire gambling experience, I have lost more than what I win. The lost is like 4 times my win, and there is nothing I can do about it, because there will always be a time that you will realize that gambling is eating you up and you will start limiting the amount and time that you put into gambling.
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Before gambling we must accept the fact that gambling can make me lose money just as I can win. People who decide to gamble considering profit and loss are usually not too excited about their own profit and loss, but those who gamble only thinking about profit are affected by the outcome. I have a lot of gambling experience and I have gained a lot of money from this experience. When I saw that I was losing regularly in gambling I took a break from gambling and made some changes in my strategy and started gambling again and I had some success there. If a gambler is only losing money then he should stop at that point and apply his skills by making some changes in strategy and then gamble.
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I consider gambling as only a way of entertainment. That is why it is impossible to say that I am in a profit or a loss. For me, a deposit in a casino is similar to spending money. For money spend I get experience, fun, emotions. Even if I lose, I still got something in exchange. That is why I think I can say that I gained, or got profit. If we get this conversation into money direction, then to bad, I can only remember my large losses. However, if I look on the amount I've got from different bonuses (which are free money), then I havent lost much. If I look on transaction history, then I see that I have withdrawals. Confused with calculating all that, but I see my final balance as positive.
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When I calculate my gambling wins and losses I can see that I have not lost I am in profit. But I don't know if I will be able to stop gambling with profits in the future but I hope I can stop gambling with profits in the future.
Finally, we have one member that's still in green!
How long have you been gambling mate and what kind of games do you play?
Here's the updated tally 1 profit, 5 losses, 1 break even. Don't forget to vote guys!
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When I calculate my gambling wins and losses I can see that I have not lost I am in profit. But I don't know if I will be able to stop gambling with profits in the future but I hope I can stop gambling with profits in the future.
Finally, we have one member that's still in green!
How long have you been gambling mate and what kind of games do you play?
Here's the updated tally 1 profit, 5 losses, 1 break even. Don't forget to vote guys!
I take the fixed deposit for a month and spend it on betting and gambling. I can't say for the whole time, but it seems I am around neutral PnL!
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Gamble is very risky, and comes with more of losses than profits. This is the reason why a gambler will experience more of loss than wins. In my entire gambling experience, I have lost more than what I win. The lost is like 4 times my win, and there is nothing I can do about it, because there will always be a time that you will realize that gambling is eating you up and you will start limiting the amount and time that you put into gambling.
That's very true and that's more reason why a gambler shouldn't really be focusing on whether he's making more losses or winnings. Ordinarily, gambling shouldn't be all about the wins or the outcome of every game, as long as you're having fun at the end of the day, which should be the goal, gambling should be all about the fun and thrill, and not to be accessed by how often one wins or loses.
Well except of course the gambler in question is struggling with gambling problems and then notices that he loses all the time, then he can make an assessment to know the outcome of his gambling activities in order to help him restructure his strategy and approach to avoid more losses
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anyone who sees himself not winning i think would stop and reflect whether gambling really for him or not. i have lost countless times but because i don't wager large amount, it doesn't really bother me when i sometimes get a about 5 losing its still a small amount.
what is satisfying for me in gambling is that i am watching a sports match, rooting for a team or a boxer and then winning some USD while i celebrate the teams win.
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When I calculate my gambling wins and losses I can see that I have not lost I am in profit. But I don't know if I will be able to stop gambling with profits in the future but I hope I can stop gambling with profits in the future.
Finally, we have one member that's still in green!
How long have you been gambling mate and what kind of games do you play?
Here's the updated tally 1 profit, 5 losses, 1 break even. Don't forget to vote guys!
I take the fixed deposit for a month and spend it on betting and gambling. I can't say for the whole time, but it seems I am around neutral PnL!
Well that is great and good for you mate as I personally has majority of my bets goes bad though it was just a small amount of money but still counted as loss which is the majority of all the results hopefully I will be lucky soon ro get back all the losses I have. 😅
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Well that is great and good for you mate as I personally has majority of my bets goes bad though it was just a small amount of money but still counted as loss which is the majority of all the results hopefully I will be lucky soon ro get back all the losses I have. 😅
Don't even think about it mate cos I don't see that happening, except of course you're able to come up with an effective gambling technique that enables you to win more often, which is also almost impossible, because gambling is designed to always be in favour of the house more than the gambler, so if you're hoping that you're gonna magically recover all the losses you've made so far, no matter how small, then you'll be really disappointed and if you still persist, it could result to more losses or even worst, so it's best you just concentrate on your normal gambling routine and forget about how much youve lost, as long as you're gambling responsibly and enjoying the experience, that's all that matters.
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As for me, it turned out that I was neither at a disadvantage nor a plus. That is, I got only pleasure and did not actually receive any material reward. It happens. It is better to leave with your head held high :))))
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What about you? Do you suffer because of gambling, or is it not worth the time to keep P&L since it's not significant?
I don't calculate all my winnings and losses, but you are right: the longer you play, the higher your chances to lose, so in the end, we end up failing because we become addicted to playing. I like to believe I'm at a loss because there are more losses than winnings.
I can count the number of times I won but cannot the losses, I guess gamblers are like that they like to remember their winnings and forget their losses.
Yeah exactly, only positive outcome can be remembered most of the time as that is something psychological. Same here mate, I also don't care about my winnings and losses what's important is that I am having fun with the game winning is just a bonus to me but yeah we all know that the reality is winning can be very elusive.
I could remember when I was a kid and my PS2 game got bad, because I am so much found of the game, I had to go out to where you pay money to play your favorite PS2 game. I do go there to pay and play, sometimes I win and will continue playing with my champ, but sometimes I also pay for all the game I play because maybe I am playing with someone that is always winning me. This how I see gamble, pay for you game and if you win, it is more fun, but if you lose, you go home when you have exhausted your gamble budget.
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anyone who sees himself not winning i think would stop and reflect whether gambling really for him or not. i have lost countless times but because i don't wager large amount, it doesn't really bother me when i sometimes get a about 5 losing its still a small amount.
what is satisfying for me in gambling is that i am watching a sports match, rooting for a team or a boxer and then winning some USD while i celebrate the teams win.
I think gambling is very risky, Frofit from gambling is very tuff. By chance if anyone win big amount and contnie he will loss and his fund will be zero there has no doubt. Huge people involving on gambling and some times they are wining and some times losing.
I am also a gambler and i paly game some times. But i am truly slacking i am not profitable from here.
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I think gambling is very risky, Frofit from gambling is very tuff. By chance if anyone win big amount and contnie he will loss and his fund will be zero there has no doubt. Huge people involving on gambling and some times they are wining and some times losing.
I am also a gambler and i paly game some times. But i am truly slacking i am notpeofites from here.
What we should know about gambling is that there's no person that gas gambled and ends up never emptied their account before and of a true the lose incur is more than the profit involved in gambling therefore it's often recorded more lost than profit.
For long never gambled on profits instead the profits is very low compared to lose.
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I think gambling is very risky, Frofit from gambling is very tuff. By chance if anyone win big amount and contnie he will loss and his fund will be zero there has no doubt. Huge people involving on gambling and some times they are wining and some times losing.
I am also a gambler and i paly game some times. But i am truly slacking i am notpeofites from here.
What we should know about gambling is that there's no person that gas gambled and ends up never emptied their account before and of a true the lose incur is more than the profit involved in gambling therefore it's often recorded more lost than profit.
For long never gambled on profits instead the profits is very low compared to lose.
Yes i also think there has some profit but profit rate is fewer then loss. So i want to avoid gambling. Overall consideration i am not profited from here i am some loser from gambling.
Always i want to quite from gambling but i could not do that. When i get some mony then i lode my account for gamble.
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Going by the virtue of winning bet to that of loosing them, we can say its a lost because we have made a lot of losses on gambling, but if we are to consider the satisfaction and desire for gambling and the entertained we are being deliberate about to achieve with gambling, we can say its all about profit to us because we make use of our money to achieve what we want in having fun while gambling.
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anyone who sees himself not winning i think would stop and reflect whether gambling really for him or not. i have lost countless times but because i don't wager large amount, it doesn't really bother me when i sometimes get a about 5 losing its still a small amount.
what is satisfying for me in gambling is that i am watching a sports match, rooting for a team or a boxer and then winning some USD while i celebrate the teams win.
I think gambling is very risky, Frofit from gambling is very tuff. By chance if anyone win big amount and contnie he will loss and his fund will be zero there has no doubt. Huge people involving on gambling and some times they are wining and some times losing.
I am also a gambler and i paly game some times. But i am truly slacking i am not profitable from here.
usually people who lose in gambling and still wants to play, they will find a way to win. look for strategy or to a point of cheating ;D
been there for sometime. but with a casino game, i surely doubt we could cheat them on their own game. that's why i stick to sports betting only because although they edge is still with the house, we could play around what seem to work for the fellow sports bettors.
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anyone who sees himself not winning i think would stop and reflect whether gambling really for him or not. i have lost countless times but because i don't wager large amount, it doesn't really bother me when i sometimes get a about 5 losing its still a small amount.
what is satisfying for me in gambling is that i am watching a sports match, rooting for a team or a boxer and then winning some USD while i celebrate the teams win.
I think gambling is very risky, Frofit from gambling is very tuff. By chance if anyone win big amount and contnie he will loss and his fund will be zero there has no doubt. Huge people involving on gambling and some times they are wining and some times losing.
I am also a gambler and i paly game some times. But i am truly slacking i am not profitable from here.
usually people who lose in gambling and still wants to play, they will find a way to win. look for strategy or to a point of cheating ;D
been there for sometime. but with a casino game, i surely doubt we could cheat them on their own game. that's why i stick to sports betting only because although they edge is still with the house, we could play around what seem to work for the fellow sports bettors.
It's even easier to cheat in casino games than it is in sports betting, especially card games or roulette, depending on how experienced you are in the games, how fast you can move without being detected and how much control you have over your opponent, you can set the rules to favour you more than the house, but it requires a great level of skills and tricks to do that, I've seen people do it in casinos without even getting caught.
But sports betting isn't like that, there's no way, I mean not a single possibility of cheating since you're not playing with an opponent, everything is programmed, leaving you with variety of options to choose from, if luck is on your side and you've got a pretty analytical skill, then you're likely to make the right choices, but if not, you make the wrong choices and lose, and that's just the game
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But sports betting isn't like that, there's no way, I mean not a single possibility of cheating since you're not playing with an opponent, everything is programmed, leaving you with variety of options to choose from, if luck is on your side and you've got a pretty analytical skill, then you're likely to make the right choices, but if not, you make the wrong choices and lose, and that's just the game
This is only for the average Joe though...
For people with enough money and influence, it's easier to rig sports events, hence match-fixing is quite common, especially in low-quality competitions.
People also do arbitrage (kinda similar to table game cheating) as it's the only sure way to get profits, but still, if you are caught, your balance will be confiscated.
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Going by the virtue of winning bet to that of loosing them, we can say its a lost because we have made a lot of losses on gambling, but if we are to consider the satisfaction and desire for gambling and the entertained we are being deliberate about to achieve with gambling, we can say its all about profit to us because we make use of our money to achieve what we want in having fun while gambling.
I think most will feel defeat rather than victory. The reason is that we only win occasionally and we experience defeat all the time, so if we accumulate everything we will get a losing score.
But as you said, we are here to gamble for fun. Let's say we go on holiday to an island and spend a lot of money. But the difference is that this is entertainment without leaving the house. Lol
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I think gambling is very risky, Frofit from gambling is very tuff. By chance if anyone win big amount and contnie he will loss and his fund will be zero there has no doubt. Huge people involving on gambling and some times they are wining and some times losing.
I am also a gambler and i paly game some times. But i am truly slacking i am notpeofites from here.
What we should know about gambling is that there's no person that gas gambled and ends up never emptied their account before and of a true the lose incur is more than the profit involved in gambling therefore it's often recorded more lost than profit.
For long never gambled on profits instead the profits is very low compared to lose.
Yes i also think there has some profit but profit rate is fewer then loss. So i want to avoid gambling. Overall consideration i am not profited from here i am some loser from gambling.
Always i want to quite from gambling but i could not do that. When i get some mony then i lode my account for gamble.
I am not totally out from gambling but I just minimized my time and budget on it so things will still go in the right way possible. Only few people are having their win/lose ration on a positive side and I am not one of them. Though I just only spent few dollars for lottery tickets but with casino games damn! Not gonna play that ever again except for sports betting.
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But sports betting isn't like that, there's no way, I mean not a single possibility of cheating since you're not playing with an opponent, everything is programmed, leaving you with variety of options to choose from, if luck is on your side and you've got a pretty analytical skill, then you're likely to make the right choices, but if not, you make the wrong choices and lose, and that's just the game
This is only for the average Joe though...
For people with enough money and influence, it's easier to rig sports events, hence match-fixing is quite common, especially in low-quality competitions.
People also do arbitrage (kinda similar to table game cheating) as it's the only sure way to get profits, but still, if you are caught, your balance will be confiscated.
That's completely true.
Those with some level of influence can indeed manipulate sports events and bend the rules to their own advantage.
And this is worth looking into, because gamble activities should be done without manipulation and with fairness, regardless of the fact that gambling isn't the most lucrative activity, there's still need to apply fairness.
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Gambling generally comes with winnings and losses, everyone wins and everyone loses, but it completely depends on one's individual approaches to know if they'll stay in profit after winning or if they'll gamble away the little win theyve been able to secure.
Some gamblers are just to greedy that even if they win, their wins are never enough for them, either because they keep record of their losses and decided to recover it all that day and of course we all know how that usually ends.
Losses I think, for those gamblers who are greedy, aim to earn it all by recovering all their long term losses from gambling.
Some gamblers forget that they can't get engaged in gambling and win all the time. Their chances of losing are higher than their winning. It would be good if they approach gambling with less seriousness than having many expectations from gambling to provide them with many winnings