In your all-time gambling activity, do you end up with a profit or a loss?

[mu_enrico]

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?

[Cryptsafe]

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.

[0t3p0t]

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.

[JoyMarsha]

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

[robelneo]

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.

[LogitechMouse]

~
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. 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.

[Dr.Bitcoin_Strange]

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.

[Rubel007]

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.

[Rruchi man]

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.

[vegasus]

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.

[Unbunplease]

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.

[Dr.Bitcoin_Strange]

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.

[MUGNIA]

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.

[mu_enrico]

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.

[Zed0X]

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.