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In our community this days there is a popular saying that if you win 1m from betting you will loss 2m to it but I disagree with that.
I will tell you for free that those who face such are those with no financial risk plans at all, those that that do that are either too greedy or desperate to make it after seeing a big win once therefore make themselves hungry for more which in turn exposed them too big risk of loosing more than they gain from gambling

Ways to avoid this things from happening
1_ know when to stop
2_ put a daily stake stop on your games
3_ read alot of books (financial books)
4_ don't stake when you not stable mentally

I think if you can follow up with this steps you will definitely see how your gambling life will turn around your real life positively.

Did you confirm if those people that are saying this in your community are speaking out of experience or not? They might not be wrong, they could be speaking from self experience and the experience of other people, despite all these guides that you listed, human can not be 100% too careful and accurate while making a decision all the time at their gambling desk. Luck waves, when you are at the face of it, winning becomes frequent and can look easy but when you are out of luck, losses surplus. 

What ever guide you are using, don't ever feel that it is a full proof that you can not lose more than what you have won, just don't gamble with the amount that you can not sacrifice to lose.

I do not like reading books but I like to read online what can be very beneficial for me like knowing about risk management which is not long to read at all.

I have my budget for gambling and I am not exceeding it. If the money I have on my gambling account has been used finished, I will definitely stop gambling immediately. No other thing that I need to know about gambling in term of financial books.

When we sincerely accept that gambling is all about having fun, then we are going to know that there is more to expect from us in realizing that gambling shouldn't be a one way pattern of having fun, we are to use our money for the purpose of playing bets as an entertainment to us, forgetting whether we are going to win or lose, when we have the right mindset towards playing, thigs will work for us the normal and usual ways, and to follow all these steps mentioned by OP will not be difficult to take.

That saying makes sense, especially for casino games. When you win a certain amount at the casino, you have been much luckier than you will be in the long run, due to the house edge. If you keep playing, the more you play, the closer the expected mathematical result will be to the actual result, which will always be a loss.

For me, if someone hit the jackpot, he should stop gambling and take a  break. Invest the money into a business or buy bitcoin with it and hodli. Don't be greedy, see it as a big opportunity to transform your life financially and the best gambling can give to you.

You can start gambling later for fun and don't allow that your huge win decieve you that it's possible for you to win big again. Set a gamble budget and time limit for your gambling activities and stop at the right time.

Should we bothered on this, if all the winning goes back to the casino, are we not enjoying what we are paying for, running a casino is a service offered that we enjoy and pay for, not with the expectation of having more in returns expect we are that lucky in what we played and win, this is why i will often advise in saying that either we lose or win, we should take gambling for what it is and move on with our life.

First thing(s) first. The first thing here's what is your reasons (psychology) behind gambling. As in what is the mindset about gaming? This answers the matter and reveals the personal general responses/approachs towards gambling.

Are you gambling to become rich? Definitely gambling has made a lot of people rich  this is not necessarily out of fat wins or continuous winning but most importantly intelligence just like the outlined approach by op.
Some will win but hope to keep winning thereby giving back all the winning in hopes of getting a fatter win.

Even those with financial risk plans and those gamblers who are not too greedy and desperate can still lose more than they have won, remember that you can not beat the house, right? If you are playing luck based games which are mathematically programmed with  house edge,  the number of winning you are getting will be very less than your losses (losses are usually high), so you are already losing more than what you won unless you won a huge amount and quit, meaning you have escaped losing more than you have won just for that day, the next time you will be gambling can be a different experience which could be more of losses. The point you made can help but it can not totally prevent someone from losing more on the games of luck.

This shouldn't happen instantly unless the gambler is careless. If you check well on the long-run you'll see they're right. This should be a long-term evaluation of both wins and losses.

When you win a big amount you should quit and return later, your gambling budget should not be altered because of a big win since gambling wins isn't a increment in your regular income. You should ensure you utilize your wins very well.

On the long-run you may see that you're losing but if you view gambling as a fun activity, you'll not be worried.

Sometimes we choose one path, sometimes another... don't beat yourself up for picking this or that route, it's just another day in paradise. There will always be more chances, as long as you only risk what you can afford to lose... that's responsible gambling.

And yes, sometimes it will be positive, sometimes negative... It's a gambling life, full of ups & downs. So good luck, and try to be responsible...

I've been telling people in my country who bet on sports that the only way to truly beat the bookies is to stop gambling forever when they win a lot of money. Because if someone wins a lot of money and continues gambling, they'll still be at high risk of losing, and in the long run, they could end up with losses.

Of course, you should always bet with small amounts of money and money you can afford to lose. Another piece of advice I've given is that people should have many other things to do in the real world to enjoy themselves; this will reduce their time spent gambling.

Victory can come back into play for those who are greedy --- but that saying can be broken if you know how to do it maybe with the 4 points that are conveyed there is a point how to overcome it.

I am the same when I win big, I will withdraw all of it and take a short break to enjoy the victory or leave a little balance in the account if you really want to return to playing, but you in the account already get the balance of the victory.

If the gambler is not satisfied, then he continues to play --- then loses and finally regrets it.

Taking a break is a good thing to do and supposed to be an easy thing to do but don't usually happen with some players making this winning easily gone back to the casino.

For those of us that do have a maximum fixed monthly deposit amount, the next thing after having a break is to do your withdrawal leaving the upper month fixed deposit only.

Do I have a goal to reach?
In my case if I can get enough of a win that I can achieve my dream (that of opening a self-employed tourist farm) I could say that I have achieved my goal.
With a significant amount, I would certainly continue to gamble as I have done until now with low amounts, but I would focus more on what I have dreamed of all my life, which, in addition to feeling fulfilled, would continue to generate profits and provide jobs for other people.
It always depends on who and what you want from gambling, once you get the win it won't be easy to manage all that money in one go, you can go crazy in a short time.

I think you are far away from that phrase "your wins goes back to the industry".  It simply means that you don't win everytime and your looses as a regular gambler would always be more than your wins which is proven in a gambling as an unpredictable game and it uncertainty outcomes is risky when you betting and chasing higher profits.

And yeah, good bankroll management and setting lost limits would be a very good strategy to minimize your loose just so that you could stay for a longer time so that you don't opt out too quickly otherwise, you will definitely blow your bankroll too quick and your profits will be returned back to the industry.

Even without being told, it is easy to know that anyone who win 1m and lose 2m is an addict or he is not financially wise or would I say the person is a greedy person. It's only a greedy person that will win a huge amount, instead of going away with it, they keep on gambling till they are left with nothing to gamble anymore. A wise gambler will always take his profit emidiately after win and now keep some bankroll to gamble the next game and not chasing after loses till they get exhausted.

This points are understandably noted, and a good gambler will surely follow this principles to avoid much loses and makes good profit.

There is no point reading a lot of books as alot of warning has been passed across in this forum.
An unstable person is not soposed to gamble at the first place, if he Gamble then he does that at his own risk.

OP, everything you mentioned are very important, but I would disagree with you on this number three, because I don't see any reason of reading a lot of books before you would know that gambling involves losses than winnings. Honestly, a responsible gambler that knows what gambling is all about would always understand that gambling depends on luck, because it is only when you are greedy that you would lose much, but when you stick to your limit and know when to stop you would never experience such thing.

If you're a new gambler and you won 1million that early, there is a possibility that you will want more because of how you found it easy to win that huge money.
But if you are an old gambler who's lost a lot of money and you've won 1 million, your mindset is to take care of those winnings and not try to chase losses.
So we can conclude that new gamblers are more prone to greed than old gamblers because they won that enormous amount of money so easily and early; inexperience makes us act greedily.

You don't need to read books because of gambling because it is a personal decision and conviction. You may try whatever you read from the books and it will not work, experiences are different. What you can read from books regarding to gambling is how to learn a game you don't know how to play.

But there is an important point which is knowing when to stop playing. This is important and it is a key factor or causes of loses. Many gamblers struggle with this and it is because of greed that make you keep playing even when you get tired and losing also. The more you chase your recovery the more you are confused and you will keep losing. So to take a break when you are losing or winning in a streak is important.

That situation might not happen if you think simply about your gambling activities. Today's game ends the same day. And tomorrow's game brings a new result. You don't need to statistically accumulate all of your gambling activities. If you win that day, you can enjoy it that day. If you think too much about the statistics of your gambling activities, what might happen to you is chasing losses.

There are a lot of books and videos about getting yourself into a safe zone in gambling, but it’s easier said than done. You can read all the books and watch all these videos, but if you do not have a strong character to follow, they are all useless.

Character is essential if you want to gamble responsibly; all this advice will go out of the other ear if the gambler has no will to follow this advice.

@OP gives good steps to control yourself especially when you win. Not many people can stop immediately after winning but they will continue to chase more. They don't see that their chance to win will not always be there but their eyes can't see that. They only follow their desire and greed to win once more. But unfortunately, gambling will not let you win this time.

Gambling will take your money slowly if you start with small bets. But if you increase your base bet because you want to end your game fast, you may lose more at once. It is enough to play especially if you win. You can stop and doing something with the money. You can play again tomorrow or on other days.

A gambler many of the times need to learn from their experience of losing in other to be able to access themselves, know their strength and weaknesses while gambling. Otherwise, there's no advice that is well meaning, that would make any meaning to such a gambler.

Some of the best gamblers I know, use a certain strategy which helps them manage their risk very well. So you might think because a gambler said they always bet means they bet without using their sense or experience, then you might get it all wrong.

I believe in that assumption/proverb, for those sayings it's not a myth, it's a fact.

You don't need to do all of this.

If you want to test the adage you mentioned, what you need to do is make a gambling notebook within this month.
How: you can count how many times you place bets/gamble in a day and how many times you win and how many times you lose.
You will find out for yourself after doing all that, whether you win $1 million or lose $2 million, you will get the answer.

You are absolutely right because not everything can always be done with the knowledge of financial books. Sometimes we do the best job by giving priority to our own opinions. I appreciate your opinion because not only books but sometimes taking our own decisions is more important than the logic of the book.

You really said a very nice thing. In some cases, I don't feel the need to know or understand what the words written in financial books are saying. Books never know about our own financial situation, so it is important for us to be able to make the right decisions from the right position.

It's easy to get disablilized mentally when you are losing and at this point if you have no control over yourself you would end up chasing losses. For a lot of people this is a constant cycle of repeated events, they keep on going through the same experiences repeatedly. This is actually what makes gamblers throw all the money they have won back into gambling. It starts out just by chasing more profits after winning and from there when losses starts to come in they lose the entire amount they won, without discipline you can't make profit

I’ve come to understand that the reason why this cycle is so dangerous is that it usually starts when the gambler is currently in the middle of a winning streak. His confidence drastically rises, opening possibilities for him to take on much bigger risks, believing this streak would continue, but unfortunately when the game changes and they’re not mentally prepared for it since they weren’t expecting the losses. And instead of retreating at this point, the only thing they can think about is restoring the lost glory, and so they keep pushing forward, hoping to at least recover what they’ve lost.

Of course, the methods you shared are really effective. When it comes to managing your winnings properly, it is very important to make some final decisions. That is, when to stop and setting a tolerance limit for daily losses is very important.

I could give you some more tips, make a budget that is completly distinct from your daily need & saving, which can be thought of as money set aside for wagering. This can be referred to as your bankroll.  and set how much you could afford to lose. If you reach that limit, get out of there and stop playing. When you start winning, decide how much profit you will stop. After reaching a certain profit, withdraw some money so that you do not have to gamble all your money again. This way you can keep the profit in your pocket.

Of course, it is important to record each betting session. how many times you bet, how many times you won or lost &  how you felt at the time. This way, it will be easier to identify your bad habits and you will be able to maintain discipline

As the saying goes "Easy come, easy go", meaning that something easy to get is easy to lose, and this applies to anything, including winning at gambling.

However, it is all about mindset, meaning that most people believe they can easily win money from gambling, so they assume they can get it back later. However, this mindset is flawed, and I have personally experienced it, not only when gambling but also when making large profits in crypto, and in the end I failed because I had that bad mindset. Essentially, we must have a mindset that ensures proper money management, and we must understand that earning money isn't as easy as flipping a switch. Therefore, we must be wise, especially in managing our time, and finances when gambling.

Spending long periods of time playing casino games is certainly enjoyable, but there's always some doubt about whether it's profitable. From what I've observed, quitting after winning is the best way to proceed with casino games. Of course, this isn't the case with other bets, like match predictions. Therefore, if you're playing casino games, you should control your anger and leave the table at the most reasonable time.

To an extent the people saying this may be right because, there are actually people who lose everything back to gambling no matter what they win in gambling. This is because they are obsessed with making extra money no matter how much they make in gambling. These are the set of person's that we can call addicted because to them gambling is the way out and so they put back everything they have made in the process.



For one to have a good gambling experience there should be set out laws that should be as a guide because gambling is one thing that can ruin the life of any one who gamble without taking back everything in their possession. It's good that when an individual gets lucky and wins in gambling the money should be out into something meaningful that will bring economic importance.

All what you have said is known by the community and are generic tips on how to avoid unfortunate situations when we gamble. Someone who wins a lot and yet lose more than that profit, it's a common thing when we gamble. That's why many are chasing their losses but only shows how much they've won and it becomes a thought in my mind if someone shares so big profit and makes me curious how much it cost them to win that. Because we know that someone might be an actual lucky gambler and it didn't cost them a lot of money before hitting jackpots.

To a certain extent, that's true, you don't have controls over game with RNG, your result is based on luck and every strategy you try to play with will be inconsistent, so you can win 1m and if you continue playing you are still going to lose that 1m and more than 2m unless you stop. It can be easier in sport betting since it doesn't only depends on luck but strategy also works for the bettors advantage but if the gambler doesn't play with discipline and respect some of the point you mentioned, they can still lose more than any amount that they have won.

I totally agree with you on this, I don’t think there’s anybody who’s a gambler that will say this is a myth, anybody who says so is not a gambler just someone who decides to bet once in a while.

Gambling is highly addictive and most times gives you a feeling you’ll get it better the next time you try. I’ve witnessed several cases of people who won 1m and lost 2m afterwards. That saying the House always wins isn’t just a statement it’s a statement indicating a fact.

Just try out or practice what @Yoshie has suggested and you’ll confirm for yourself.

I nearly always dump it all back in.  This is because I don't gamble much and walking away with a few dollars isn't something I really care about.  If I were to hit a major win and profit 5 figures or more, that would be a different story.  Mostly, I just enjoy the rush of potentially hitting a huge score.  Whether or not I actually win doesn't make a huge difference on the amount of entertainment it brings me.  Sometimes I just like to say that I have skin in the game.

for me bro you’re right I lose my winnings when I don’t have have any control or plan at all. Once I taste a big win I chase it again and again thinking it will always be that easy but to be honest that’s where the downfall starts. Knowing when to stop is the hardest but very important, setting limits to not be carried away, reading about money for more awareness in consequences and discipline and yes don’t stake when your mental state is not okay cause that’s usually when people make reckless decisions. Gambling should be entertainment only not source of income, if you treat it properly it won’t destroy your finances or mindset.

I feel like what people are talking about at this point is basically not the losses after a huge win but the cumulative losses I mean if you will win big in a casino you will probably loss twice the win which means you probably have been losses for some time before you made a good win they are not wrong with this because you can't just hit a casino one time and expect to win it's not always possible and it happens you will at the same time continue to loss gradually. so it's correct even with the said steps you will still loss.

That’s one way to view it. You can also consider the potential of increasing the bankroll once gambler already experienced a huge win then suddenly lose.

Gambler usually double or more their bankroll to easily cover their previous losses or increase their profit potential since they already experienced the win in the past.

Human Greed is the one being considered on this phrase.

This can actually happen.
When we win while gambling, but can't do some of the things you've listed below, we end up returning to the platform again, betting more money and hoping to win again and again.

Unfortunately, once we win, can we continue with a significant streak using the winnings? I'm not sure. Quite the opposite. People who are determined will use their winnings to gamble again because they feel more confident after winning and will be even more addicted after winning. However, in reality, their total winnings may not be more than 1/8 of the money they have spent on the gambling platform.

Most times before one will end up winning that amount you made mentioned they could have ended up losing that in folds before even winning like 40 percent of what they had already lost..
To me gambling is a very tricky game which one must be very careful while gambling so that they wouldn't be carried away while gambling because, these site sometimes do give people a short winning which could serves as a trap to the gambler to fully devotes their time to gamble, so while gambling you should be that sensible enough to know that whatever winning you have should be that okay for you without even having that feeling of chasing more loses.

I mean that is true and most of the gambling stories are just like that, even on movies this is how gambling is going to portray, most of the time you are going to a momentum of winnings and you just feel like you are unstoppable and your going to keep on winning if you are going to just stake everything on your bet, the higher the bet the faster your going to grow your money right? But that wasn't always the case because most of the time, that is where greediness kicks in and we forget discipline and not letting our emotions take over, because if we play by emotion, you just want to take back your money if you lose, ending up losing more.

I think whats important is you plan your games or gambling well, like for example, you just have a designated budget for your gambling, if you lose that money, that you will just take it as a loss, knowing when to stop is just the best thing because if you know it, then thats the time where you could earn money on gambling. I personally only plan if I have a great mind and think that I'm going to win, but even if I lose, I would take it as a loss because I know that there will be winners and losers it's like a PvP in gambling.

I also don't agree with it totally because for this to happen it all depends on the gamblers, not everyone makes profit and losses them back into gambling, if people can do the four things you mentioned then it's going to be impossible for them to go through such. The best thing to do even if yoi intend to gamble with your profits, make sure you don't use more than 20 percent as your stake

I usually gamble on slots just for fun. But I always try to come out with about a five percent profit, which is quite a lot for me. When I win more than that, I withdraw it right away, so I can keep playing without worry. And I do the same when I start losing. If I realize things aren't going well, I try to control myself as quickly as possible to avoid bigger losses. This self-control is essential for me.

Indeed, self control is not only essential to you but to every gambler, because that’s exactly what ensures that you won’t drift off course but stay in the right path when gambling. A gambler who lacks discipline and self control would always end up making one mistake or the other that’ll most likely cost them not just money but also time, because like we already know, time is just as valuable as the money we spend in gambling, which is why it’s important to always moderate how much of these we spend on gambling.

I understand what you mean... that is the type of person who increase their stake on a whim and spend every extra win asmoney to burn.
But I would like to propose another way to use the winnings, even without withdrawing them every time you have a win....

I almost never withdraw, but that does not mean that everything I win goes back into the game in a bad way. I see betting as entertainment, so I always spend a pre defined amount of money on it every month, but when I make a profit, instead of depositing money the following month, I deposit the same money minus what I won in the current month. Do you understand? I use my positive balance to spend less the following month.
Unless I win a very significant amount that could change my life or help me fulfill a dream (something that has never happened), then I could consider withdrawing my winnings.

Realistically, if someone read a lot of financial books, they wouldn't gamble in the first place because there are many messages about delay gratification and avoid to use money that have no chance to grow. Gambling isn't only forbidden/discouraged due to religion, but you can also find it in finance.

It's true the gambler who won $1M wouldn't automatically lost $2M in the future, if they won $1M and they quit gambling forever, they won't lose anything.

However, people who won $1M, might had spent more than $1M. ;)

You will not lose much if you can control yourself and know when to stop. But many gamblers are tempted to continue gambling because they want to win more. That is not right because you may lose more than you can expect. If you realize that it is enough to playing gambling especially if you win, you will stop immediately without taking too long. You don't want to keep losing and let the winning money slip away by withdrawing it. You will not let the sadness come to you because of losing the chance to win money. You know that winning in gambling is rare so when you win, you will grateful and stop gambling. You can control yourself by leaving gambling.

I think I'm generally in agreement that your gambling winnings are actually going back to the game, that is, if you're actually winning overall. Most likely, you're only winning today, but your overall gambling experience has you losing more than winning. Not to mention that much of your prize whenever you win normally goes to free food and drinks to your buddies.

Knowing when to stop isn't a valid defense against your money going back to gambling because would you stop for good? Also, you don't have to read books to know you're being drained of funds because of gambling. You actually don't have to read a book to realize you have control over your vice.

what they are saying is true because majority of gamblers after winning a huge amount of money do often go back to square one. There will be this feeling of wanting to win more and the thinking that the money won is a kind of free money they will want to put more or all into gambling. The only thing that will help a gambler to be able to overcome the feelings of wanting to stake more after a huge win itself control, with self control a gambler should know when to stop or to gamble with only the amount they know they can lose without it affecting them negatively.

1.This is easier said than done. Many gamblers have tried to stop, but failed.
2.Read the first sentence.
3.Do you really think that reading books about finance would help in gambling? Finance and gambling are two different fields. Gamblers, that are financially educated can still lose a lot of money at the casino and still get addicted.
4.Mentally unstable people should never gamble, but again, this is easier said than done. Unfortunately, no casino/sports betting platform in the world requires a "mental stability test" for their gamblers as a part of the KYC procedure. That would be a really nice idea, but I can't measure the effectiveness of such tests.

Typically if you win and continue to gamble over time there is higher chances that you will lose it back to the casino because of the house edge, they need to be on top to sustain their businesses. It depends on your motive for gambling, if it's to become rich through it and you're not winning regularly it'll become a none profitable venture. But if you're gambling to enjoy yourself not necessarily to get rich from it you won't mind if you lose because you gamble with small amounts. What is important at every point when you want to gamble is to always do so responsibly, don't chase loses and know when to stop.

I don't know where you heard this from but it is not a complete lie, this is what those crazy gamblers who likes risking alot gets later in their journey of greed, they believe that risking high amount means better luck and on the long run if they finally get lucky and win some high amount of money it won't be enough to cover the whole past expenses.

I agree with you that it is not about risking a lot of money, people can spend so less amount on gambling and come back home with a fortune, there are many lucky stories like that online. If you can push aside desperation from gambling you will be in safe hands.

Cutting all costs to the minimal as a gambler is the best manner of approaching gambling.

Well, everything you have said if true, but then, it is actually possible for a person to win $100 from gambling and end up losing $200 or $300, but on the other hand, it's possible to win $100 and make judicious use of this money where you end up having a big business from that $100, it all boils down to mindset and planning..

I personally know of a person who luckily won over $100k from gambling,, this is very huge amount of money when converted to my country's fiat currency, this dude after cashing out the money to his bank account had to quit gambling completely because he was afraid he would be tempted to spend so much in a bid to win more, I sat down and planned himself well, he used this money to invest in real estate, he bought lands, opened a super market for his wife, and then traveled out of the country with his first daughter who is now schooling abroad while he is working there as well..
Till today, that guy is one of my role models because I really love how he managed that money, he's a big man today doing very well for himself because he didn't useless the opportunity of winning such an amount of money from gambling..

This adage makes sense in gambling, as we all experience more losses than wins. This is similar to what a friend of mine experienced. He compared his series of losses to saving money, thinking the casino would return the winnings to the players, but in an inaccurate amount. It's ridiculous, but it also makes sense, as I've had big wins, but even then, they didn't cover all my losses.
And with these four points, they are the points to consider when gambling, with the aim of avoiding the risk of greater losses.

What people in your community say is true, therefore, don't make gambling a place to seek financial gain only, use it as a place to seek entertainment. If you don't believe me, you can open the statement on the gambling platform where you play, I can say 100% that you lost overall. Sometimes we get good results (win) & sometimes we don't (lose), but generally, we lose.

I tend to disagree with you as well because that is what really happened. Most winners often lose after winning. And due to their behavioral changes, they turn poor again despite the huge amount of money they won.

And I'm going to tell you that many people talk like that. Maybe everyone does, but when they win, it changes everything. The message is—it was easy to say but difficult to implement. Why? Because we are driven by our greed and emotions.

And there is one thing we also know: that we lose thousands or even millions before we win thousands or millions.

If they seek consistent financial gain on gambling for sure that all of their winnings will just go back on gambling because their urge to win more would come up that's why they force to bet more.

But if they have that intention to play only for fun, well I guess they won't get much affected on possible huge losses since most of people have this mindset can control their losing and winning, also including the money they spent on gambling.

Gamblers just need to enjoy and don't chase those almost impossible to happen.

The popular saying you said is reasonable since gamblers will always want to chase more wins. Some are too greedy they want more after a good win. Being content with a win could be a good measure to maximise your win. Greed contributes to moat big losses, which means we should appreciate small wins.

Having a gambling budget that should be followed by all means might also help.  Winning should not be a reason to increase your bets. There are many other things that can be done with money besides gambling.

Books on finance won't help you maintain control in the world of gambling. They only teach you how to budget properly and how money can be a source of income, just like renting out an apartment to others. They're full of clever ideas that are even outdated, but they lack the important psychological aspects that gamblers and bettors need to understand their nature and motivate them to continue gambling.

I will add one more to that list.
- Add one more hobby that is not about gambling.

Recently, my gambling activities were lessened thanks to an old-school MMORPG that opened with a private server. I played like there's no tomorrow, and I just realized I have not played any gambling casino game for the whole day. So, I tried once with a bit of a deposit, played slots, won, and exited. (I didn't even think twice.)

My mind is still on the game that I am playing and not on gambling. I want to go back and play that MMO so I can strengthen my account. Having another hobby can definitely change the routine of a person, and I think it can help someone who is trying to control their gambling activities.

Definitely, Gambling needs a different level of financial management because it involves entertainment that usually blinded user to spend more than what they can afford to lose.

Unlike investment that you can be disciplined on buying assets for profit purposes because you are not doing it for entered purposes which an addiction will less likely to occur.

Nice approach you have, if you are disciplined to stick with being satisfied by just small profits, then you could be getting enough profit when you sum up all you got. Although, there's some times you can also fall into big lose unintentionally because of random chances of winning or losing, if you don't control your bankroll very well, you can lose all you have won.

Most people who gamble for profit end up proving the same truth over and over again the house always wins in the long run no matter how good you think your strategy is the odds are stacked to make sure the casino stays ahead that’s why the smartest approach is to treat gambling purely as entertainment not as an income source. When you gamble for fun the mindset shifts completely instead of stressing over wins or losses you focus on the experience and when you lose it doesn’t sting as much because it’s money you already accepted to spend it’s like paying for a movie or a night out you enjoy the moment and walk away satisfied not desperate to recover what’s gone.

On the other hand when people start seeing gambling as a way to make consistent money that’s where addiction starts every win feels like a step closer to success and every loss feels like a challenge to chase back but in the end the winnings always circle back into new bets because greed never sleeps. So the best mindset is to play for entertainment only set a limit accept losses as part of the game and never let gambling become a financial plan the ones who understand this are the ones who actually get to enjoy it without regrets.

It is not just about having financial risk plans because it is way more than that, sometimes whether you have a financial risk plans or not there are period you will be on a losing streak no matter how you gamble and sometime it usually last long and if you are the type of gambler that don't gamble a lot, you will still lose. Knowing when to stop in gambling is one thing then having the ability to stop it is another thing, you can know when to stop but it is possible that you may not be able to stop when the time will come because you will be carried away and stable mentality doesn't guarantee winning either.

People says things out experience and this is true, what you are actually saying is correct, am a gambler if i start to calculate all i have lost in gambling and what i have also gain i wouldn't get it accurately but i have lost more than i have won, for instance you can win $100 today and loss it maybe in some months time you won't actually loss all at a time but when you begin to calculate the money you have lost since you won the $100 you will see that you have lost more then the $100 you won previously, though this may not be thesame to all gamblers but it's only few gamblers that can say they have won more than they lost and this people may not be regular gamblers.

When it comes to gambling, we should just enjoy it as a gambler. We shouldn't take gambling too seriously, nor should we expect to win big from this crypto casino business.

However, if a gambler develops an addiction, it becomes difficult for them to escape gambling because they will keep seeking it out. And this has many negative effects on the gambler themselves who loves to gamble

The fourth point is really worth discussing because it's a pressing issue. Honestly, until I learned here on the forum that someone was gambling while drinking, I didn't know people were even combining the two. I still don't understand why. They're two different pastimes. For example, I don't even like playing computer games while drinking. So, it doesn't add any fun to gambling. Why mix these two activities? It's like eating two desserts at once, and it'll only result in a stomach ache.

Lols, then it simply means you've not been going out bud, first is try and live in a city with lots of casinos around, and secondly, try going out often, maybe during weekends, you could simply visit the club, big beer parlours, hotels and so on, alcohol has always been the best companion to gambling..

Now, I don't know about online gambling and I am not talking about this, but for offline gambling where the gambler visits a physical casinos, drinking and gambling is absolutely normal wit this type, you can simply verify this by visiting any casino, there will always be a bar in there where gamblers can get any type of drink, you can't find a casino without a bar, except if the owner of the casinos doesn't understand the casino business..😁

We can summarize this in one sentence: moderate your greed so you can think clearly and wisely; all your careless moves stem from failing to moderate it.
If you have no power with your greed and you have a weak character, no advice or guidelines on how you play will work, so develop your character and control your greed, and you will be fine playing.

Discipline and self-control are crucial in gambling and must be applied consistently. Setting a win rate target is a good idea, and even small wins, if stopped immediately after reaching them, can lead to significant wins in the long run. Furthermore, stop playing immediately when on a losing streak to prevent your accumulated winnings from dwindling. I personally practice this, and when I win, even if it's only a small amount, I stop decisively. And while I'm sometimes tempted to keep playing in the hope of winning a bigger bet, this must be controlled immediately, as most players end up losing everything due to greed fueled by emotions that cause them to lose control.

Having such a plan is easy, but the challenging part is sticking to it. As a gambler, that’s not an easy task. It may look simple, but in reality it’s not. Why? Because when you’re actually in the situation, your emotions get involved. Practicing discipline after experiencing a lot of losses isn’t easy. Your mindset is already affected. Changing that mindset, whether slowly or abruptly, takes a lot of self restraint. And even if you manage to do it, there will still be times when you lose control.

It feels we are going too much extremes to just for entertainment purposes or atleast that should be the real purpose behind someone to gamble.

I gamble occasionally not everyday that itself is a good choice in my opinion so I don't make it as a compulsory habit that keep me away from gambling and for about the greedy part I knew that house always wins.

Right if we also consider the fact that people do get gree at some point to double or increase their win we can say they loss more than they ever have or will win, yes I agree again because normally, people wouldn't even win if they just played once and lost so from my perception of the gambling algorithm it allows you to win a little bit more if you're just starting then you star lossing before you win again, but losses are always very high than wins.

If you won't stop playing, your winnings will just end up in the casino again. So while you still have some money, better secure it buy buying tangible investments or assets, like even gold jewelry. At least something that you can fall back onto if you need it. So before you place another bet, better gauge your next step. You may have a good run, then, what. So separate some before it goes all back again to the casino. They won't stop you for playing again so the control is on your hands, not from them.

If you can’t control your gambling behavior then something like this is going to happen. If you are a gambler, always know when to gamble, and always know when to stop gambling. Most gamblers today are just always so desperate to win during gambling, thats why even when they win, they won’t stop gambling, they going to keep on gambling till they lose everything back. Some people will end up increase the amount which they are gambling with just because they have won, and they want to increase the amount which they have won.

If you are gambling, always have a gambling budget, and as a gambler, never exceed your gambling budget irrespective of the condition. Don’t be carried away whenever you are gambling, always know when to stop.

usually it's like that when I win today $200 the day before maybe I've run out of $400, what's certain is that I don't count it I enjoy the bets I make more so that's what makes my life healthy in gambling maybe the method I use is not suitable for most people but for me it's suitable and comfortable for me to do

You don't have to disagree with that statement; if you check very well, before some will win that amount of money from gambling, they might have spent much more than that before even winning that amount they consider to be big, and if they are just starting to gamble and hit that big winning, over time, before they realize it, they will have spent that amount and even more. In the long run, the majority of bettors are not winning more than what they have lost.

This won't help you in this case. It was not about reading books, but rather it is about how you manage your emotions. Gambling is full of temptation, and if you can't control yourself, that certainly leads to falling into addictions and greed. Perhaps a common mindset of the gamblers is that if they experience a win, they will increase their bets. This is how casinos take advantage of the situation and generate a profit.

Believe me or not, if a gambler doesn't correct their gambling behavior, no matter how many times they win, they still become empty. The casinos will take their money back faster.

This gives me similar vibes like trading. Over there, the focus is often capital preservation until you see an opportunity and then you can size in big with conviction. I personally adopt a strategy where I take out a specific amount of winnings and deposit into a long term storage of some sorts because I've come to an agreement within myself that in gambling, I can always go back to zero (0) and if I do, I want to ensure that I still have a fighting chance to start over or try again.

Do you really need to go back to gamble again after you’ve won big in it, I think that’s what one should ask themselves firstly before a big jackpot win will come for them. One should know that gambling is a game of luck and when you go back there after a big win, there is no guarantee that you’re going to win big like before, you may even face the worst loss of your life if you gamble more above your means.

Gambling is a strategic and mind game, and the more you win, the more you’ll think you’ll win more which in real sense it’s not suppose to be so. You’ve out listed good points but if you’ve won that big and you’re still going back to risk again, then you may not find those points working for you and you’ll give back your wins to the market. Nothing is more painful than that, it’s better to avoid it if you can earlier.

Unfortunately a lot of people can't avoid gambling forever but truly that is the only way to win. Asides from winning a huge amount of money the only way to win is indeed to stop gambling totally, you are going to stop losing money carelessly and you'd live a better life without worrying about being addicted to gambling or how to chase or recover losses. Consistent gamblers will always lose

The reason why we believe that quitting entirely is the safest step to take is because gambling is always in the favour of the house and at this stage, we can observe that the more time one indulges in the game, the more likely that he or she will lose control. We will overcome a cycle of losses that is usually hard to escape by dropping the habit. This is also the opportunity to lead a less troubled life since we do not feel the need to pursue unstable outcomes any more. It is such an attitude that makes the possibility of improvement far more actual to anyone.

Most gamblers majority of us will keep gambling regardless of how much we may have won or lose in the process,  the reason why gambling is so addicting is for the fact that, most times, we cant really quite and that because gambling is already a part of our everyday entertainment,  but then we should always advocates for limits control, that waybwe put everything under check while gambling.

Taking a break is there, but it should be based on your lay down plans and programs before you start gambling and when you already won or based on your gambling results to determine when you quiting or keep playing.

Knowing when to stop can be one of the things that can save you from this...chasing more profits after winning is one of the reasons why a lot.of people end up throwing back their wins into gambling, this is majorly caused by greed, when you aren't satisfied with the little amount that you get from gambling you might be pushed to gamble more, without self control you would always continue to lose

Yes, I don't think that it might help gamblers reading financial books.

For me it's the best to go and get that experience in the first place and not in theory. And then we repeat what everyone knows already, its boils down to our self-control on how we treat gambling on daily basis or it is just for fun and entertainment purpose only.

It should not be treated as something like a daily job that will get us to make money on daily basis.

Betting is not always possible to follow the rules that you have asked. Betting means taking risks and those who worry about these conditions will not be able to bet anyway. Those who do not worry about these things, whether they win or lose, have made betting a pleasure and they cannot live without betting. If you bet according to your budget, it will never be a matter of concern. However, if a gambler follows your steps, then it will be of some benefit.

Nothing can be further from the truth on those two. Sadly, not many can obey that because it has to do with emotions. Anyone who hasn't had a firm grip on their emotions will certainly not see anything right with those two.

Reading lots of books is merely theory and cosmetics. It's not practical except it's applied to reality. If reading books automatically translates to achievements, academic professors would be the wealthiest because they're widely read. It's the same thing when people have information they don't apply, it doesn't automatically become power as they say, "information is power". No, it's not until it's put to practice.

Very apt. I made a comment a few days ago concerning that too. Whether in excitement or anxiety, both aren't nice in making gambling decisions.

Good idea. May be you can give more specific advice? How to decide when it is the right moment to stop?

Ok. It is good advice for gambling.

Good idea. The first advice you get from the financial books - avoid the gambling. It would be interesting how you will gamble with such advice?
I will avoid gambling expences. I would pay psychologist. I don`t sure that i wll save more money in such way.


If i follow such advices, i can avoid gambling. That`s all.

Ultimately there is someone who loses more than they win in gambling, this fact is undeniable so best to just accept it, but this will also introduce the idea that there are people who win more than they lose so now it depends on which of the two you belong to, we all want to be among the people losing less and winning more but then our luck and our skills in sports gambling plays a huge role on where we eventually fall into.

The number one is what we should always remember. Without knowing when to stop, we may spend much and that can lead us losing much. We can't expect how much money we can spend. We just keep playing considering that we may win in the next rounds.

Limitations are something that you should use to know when to stop gambling. Limitations also help you to minimize the loss from becoming big. Use limitations prevent you from the big loss.

The truth is that we should always remember to take a break and stop at the right time. Because that is where the losing normally start from, when a gambler chase for more winnings there's a big possibility that everything would go back to the casino which is why we don't need to be greedy because it's only when you don't know when to stop that you would ended up in losses. Gambling is game of luck, which is why we don't need to go with big amount because many gamblers chase after losses due to using what they can not afford to lose.

Moreover, the most powerful weapon of the casino – the boasting of other players – works perfectly.  As soon as one gambler wants to stop, he remembers how another gambler got lucky, and this first gambler thinks, "Maybe I'll get lucky on the next bet? And I was just about to stop," and I'm sure that after that many gamblers continued to play, forgetting their own promise to themselves to stop. That's just how our nature is; we always want to believe in the best and not stop. Although this only masks our greed.

Financial books do.not have anything to do with gambling (from the perspective of someone who is a gambler). It would be more useful to read books about laws of chances and probability, son the gambler has some idea on how those casino games actually function and the actual chances he has to win big on slots, Dices, and plinko.
Financial books are intended for people who are not interested in gambling at all, and would like to focus on safe investments and hunt for passive income.

There are also books about casinos and gambling, but if anyone of those describe how to defeat the house, they are likely shady, as house edge cannot be defeated consistently.

You are right, either ways, a gambler wins big must have lost more than the amount they won but if they have not lost up to the amount that was won, as long as they continue gambling, they will lose up to that amount that they won unless if they permanently stop gambling as they have won a jackpot. The fact that some persons thinks that they can beat the casino is a problem because such mindset keeps trapping them down to gamble with big amount that will be lost, so at the end, all the money they have won still goes back to the casino.

Op you are right ,It's easy to say that this are things that often happens to most gamblers who nolonger sees betting as a game, they now see it as a short term win or lose daily payment which means they are very much serious about theirs games when it comes to betting.  And with that kind of mindset you will be chasing after losses because there is no fun only determination to keep playing no matter the cause. what is really more painful is that most gambler that do such bearly see money to eat a day unfortunately they might be playing out of survival. that's just it.......

ah this is interesting, you see in this fantastic forum there is always something to learn
so how do you do it?
let me understand
Do you withdraw a specific amount, i.e., if you win, you get half of your winnings?
But if you start losing money, how do you get it back? i don't understand the strategy.

People who don’t have financial knowledge and can’t manage their money usually lose more when they gamble.
I’ve noticed that people who are successful in the stock market tend to do well in gambling too.
Whenever I deposit money into a casino, I always keep notes about how much I plan to cash out and all my losses.

What if these books actually help you minimize gambling instead? Since there’s really no book that can teach us how to beat the casinos, but financial books can teach us how to manage money and invest it into things where we actually have a higher chance of profiting. That could change our mindset and maybe even make us leave gambling for good… who knows.

It's all just because we're human beings. Losing control of ourselves and our greed is meant to happen anytime. We're doing this many times, but we're still not learning yet.  However, this does not just lead us to throw our wins back to the casino. We also throw our money from our pockets.

In the end, the casinos make more money than they pay the gamblers. But despite such a thing, I believe we enjoy ourselves from gambling. Let us stop blaming the casino because it is our fault. We aren't cheated. It just happens that we are not always lucky enough to win.

Trading risk and gambling are almost the same, you will think you have sighted a winning point and rushes to stake and hoped to win then at end tiu lose.

You also get lucky to win at some points and on the same vein of probably streak wins, you may think the all looking green lights will always be the winning points and then out of greeds you stakes very high amount chasing bigger returns and then... Boom it turns a regrettable decision of yourself.


This strategy actually makes no difference because when you blow off your gambling or trading account and you are persistent to keep giving it trials, you will at anywhere fund your account again and so on the looses keep counting.

Just in the same vein that in the long run players returns back to the industry.

Most people are greedy as it seems, betting without limits that eventually lose what has been won and lose the money in our wallets, and that's where we start to enter the space of chasing defeat, this is human nature but it depends on humans to control it.

If speaking honestly, in every game that is done there must be a victory that exceeds the amount of deposit we make but in the end it feels insufficient and even think it is great when it is just luck, because of greed that we return our winnings to the casino, knowing the gratitude for the victory and knowing to stop is the key in this section.

Leaving aside cases where someone wins a big jackpot in one session and instead of stopping, continues playing until they lose everything and more, which I think is what the OP is referring to, many people do not understand compound interest and how it works against us when gambling. Every time you bet, you are accumulating negative compound interest against yourself. I would say that more than 90% of the people who write in this section do not understand this. That is why I believe the saying quoted by the OP is true. It does not have to be in the same session. You can win a million today and go home. But if you continue playing long enough, you will lose that million, and then some more.

That's why casinos are such profitable business.

precisely
If you don't have any financial knowledge, maybe it's better to study that first and then take up hobbies or games like gambling.
as the word itself says, it's a game, not a job

after learning these things then maybe you can play! before not

You can be sure of losing back to the casino all what you have won if it happened that you refuse to divert that funds into some good estate, the moment you think of doubling the funds you would be certain that you're losing all your funds to your capital. Before people would have started giving warnings about chasing for more after a good win, they may be talking out of experience. With all the rules a gambler can keep for himself, if he's lacking discipline in his mind, every rules are of no use.

The chances of losing are greater than winning, so it's natural to lose all previous winnings, including your own capital. Greedy behavior in gambling is a common problem, so it's not unusual. The best option is to withdraw your winnings and enjoy them. However, the temptation to continue gambling is strong, so some players fail to cash out. This is a common occurrence.

Money management can be a problem for some people and that can make them lose money to gambling often time without getting a full awareness about their condition and how to stop and become a responsible gambler.
Money and profit management can help anyone to get a better result when gambling and being able to check whether they are being profitable or need to learn more for them to be making profits again from betting. When  a casino user does not keep his attention on his safety when betting, things can go wrong at anytime.

Most people finds it hard to read books that'll educate them cause they see it as time wasting,so this is always out of the way but then knowing when to stop is another strategy that can really work but people are triggered by winning so they find it hard to stop even when the situation needs it. Another thing that should be spelt out is money management most individuals that twnd to gamble forfeit this angle but it sure goes a long way in putting their habits to balance.

Gambling is meant for fun. There’s nothing wrong if once a week I bet some money I don’t mind losing on a good football match. It’s a completely different story when you try to make money from gambling. That’s when you turn into a problem gambler who can lose their last cash or even their home. There’s no such thing as easy money, just like there’s no way to beat the casino.

Yes it is like that, I know how that person comes again in the future with the same hope, a big win, that's why they will come and come again, someone who has got a big win they will continue to have hope in the next betting bet, and it's nothing but their own greed for gambling.

So what has been won before will be returned over a long period of time even if not in one session, and isn't that the conclusion, although of course the cases vary in the same sentence, I saw my own friend do that, first he got a big win, then he withdrew it and bought a motorcycle, a week later he sold the motorcycle again for gambling capital, and the circle as described right?

I’ve read many stories where people became millionaires from gambling, but their success was only temporary because they didn’t manage the money
they won from playing in the casino properly.

Why? Because they became even more addicted to gambling, thinking they could repeatedly win the large amount they got from the casino. But they didn’t realize that luck only comes rarely, and most of the time in gambling, gamblers lose. Since we often lose, the result is that the money we use in the casino quickly disappears

As much as we wanted to believed that, there are still gamblers who looks for profit from time to time. We can enjoy the best of both worlds, enjoy the game and then win some money, it's not that bad.

And again, everything boils down on our control. We have to control our emotions like greed. If we have won enough money then maybe it's time to rest and quit and exit and enjoy your winnings and then go back the next day to bet on your favorite games. But for sure it's very hard for some to have that self-discipline in gambling.

That's the thing with gambling one can never be satisfied even with a large win! I guess it is just in the nature of someone gambling to do this because I think the thrill of winning gambling games is even more addictive than gambling itself

Gambling will lead to a sure shot loss if you gamble what you have won thinking you will be able to double it.

Definitely the wrong choice if you are trying to increase your win and the right choice is to walk away with the win and put that to good use. There is no shame in that, rather the wise choice.

Risk management should be applied to trading, not to gambling specially not in EV- games.

Surely for some people managing money is a problem, but if we combine this with any addiction, not just gambling but also smoking or alcohol, the mix becomes really explosive.

So let's try to be careful and not use more money than necessary

Yes when we win, we think we can win more by playing a little more and when we lose we think we can make up for we loss by playing a little more, I think this is where the whole mess starts. Greed and frustration combine to drain people of their wallets. I personally think the real fight is not with the casino but with our own minds, because gambling is always uncertain but the big danger is that we cannot stop. If someone could come out of it thanking their luck if they win a lot of damage could have been avoided but most people think this is an opportunity and that's where everything goes wrong.

My luck is that I spend some of the extra money I make on gambling, my work pay is used entirely for the family in all its needs, and I also gamble small amounts and never exceed $40 a month.
I certainly reduce the probability of winning by a lot, but basically I have fun and I don't care about getting rich, if I win well if I win nothing it's okay the same.
First comes family, then needs, and last comes vices.

I agree, but it's also necessary to add that when people turn to gambling to escape their real-world problems, they create another problem like addiction. That's why nobody should get involved with gambling to escape their real-world problems. Only people who are happy and looking for more fun should get involved with gambling, because that way they will gamble with amounts they can afford to lose and will gamble only with the clear intention of having fun. I've been telling people to gamble for fun. If they are sad after the game is over, then gambling isn't good for them, and they should stop.

I have to say it's true, the main problem is in ourselves when it comes to gambling, no need to lose any amount or win any amount when we are not able to control the emotions that are in it it will be very very difficult to be able to stop from activities that trigger emotions such as gambling, that's why most of the winnings that have been obtained are bet again to get a bigger win.

I actually feel sorry for people like this, they lose themselves, no one can help them if they are trapped in addiction, there is no caveat to a win when they will give it back to the casino without being enjoyed by themselves or their families, I hope people who are still in this suffering will soon open their brains.

Even when you think of doubling your fund, there is still a possibility that you can eventually double the fund or that you can loose all in the process. everything is just uncertain because that is what gambling is all about in the first place. you might win little and all the little that you have won will go back to the casino if you become desperate at it and another can win much and go home with the much that he has won. what is the difference is just the mentality and attitude towards the money. if after winning you do not know when to opt out, losing becomes certain wether you only won a little or much.

There is no need to gain knowledge by reading books to gamble. Because there is a big difference between the knowledge gained by reading books and reality. How to gamble can be known from books, but losing or winning in the game depends on the real situation. However, as long as a gambler has self-control, he can survive in gambling. Whenever he goes beyond self-control, becomes greedy and becomes desperate to win, his life is destroyed. Therefore, regardless of whether he loses or wins, he should take a break from the game or take time to convince himself. Because as long as life is spent within the rules, life will be fine, whenever something goes against the rules, disaster will come to life. Therefore, if the rules are not followed, most people eventually lose the money they won again.

It's easier said than done. Gambling remains a very risky activity that no matter how good you are the losses are just inevitable. Some of these statements are not made up. They were justified from so many people's experiences while playing. We know quite well that casinos are Centralized and can decide to manipulate your wins in so many ways just to make sure you lose after a huge withdrawal. If they let everyone to continue winning that much, they would be on the losing side. Though casinos usually claims to be free and fair which is true to some extent, but we can not completely tell. Just be a good risk manager and after a huge win, do well to take some time off and have fun
 

Everything could seem to be uncertain but there are occurrences that it's tendencies to happen are too high compared to the other. The tendency of doubling your funds is very tiny and losing it is usually large. A 1/10 possibility of winning to double it is what I think the gambler has and that's what makes a lot of people try to dissuade the mentality that you can double your win again. Nothing is guaranteed in gambling especially having a lucky win in a row. I wouldn't risk it and so would not advise anyone to.

Not everyone who is facing losses are greedy or dumb gamblers. It's just the nature of gambling games, where losses can't be avoided the more we play. It's supposed to work this way, because it's a business where the owners aim profit over the customers. If there was a recipe to not lose in gambling, every gamblers would follow it closely, and as consequence, the casinos would go bankrupt due to not having funds to pay the winners.

In gambling, you can only decrease your losses and avoid losing money you can't afford to lose through responsible gambling and bankroll management techniques. That is all.

Honestly, I don’t really 💯  agree about this saying that when you win 1M today then tomorrow you'll then lose 2M. I believe it’s a generalized because of few bad examples. Based on what I have seen, it’s not the case with everyone.

For me,   the problem is usually  how people act after a big win. They will be feeling unstoppable when they hit one big win. Then, they will start betting with a bigger amount which is now becoming  risky. And I don't think the issue is about the big win.  It’s how people change because of the win.  I think the issue isn’t the big win. I believe the issue arises when people gamble without a sense of structure,  or emotional control.  It becomes a hopeless situation when someone gets wins that make them go on a money chase because of excitement.

So,  I think the “lose 2M” is not a general notion for me.  It’s a matter of self-control.

Confidence kicks in when a gambler wins a big amount compared to the capital they put in. Now they dont want to to stop at that and want to continue playing for even bigger wins. Hence the problem beings. Now they want to make even more money which is greed and in case they lose that win, then they will try to chase it back.

So to stop this one needs to stop right after a win which either breaks even or have given them a decent profit. Of course the player might not be lucky and lose right from the start, in which case better to accept the losses and stop.

People who win gambling accurately in the form of sports betting or slots and others when they are not able to control themselves will say the victory is the result of their abilities and or it could be due to luck of the assumption, it's just that they want more and more after winning, and this is a serious problem that arises after receiving the winnings, money back to the casino is not unusual, even I myself have also felt it in the past with a character that is still greedy, we can do the same thing open when we do not understand gambling completely.

In mathematical calculations the whole will never be for, unless after winning big and stopping after that never gamble again, you can say so, but if the next time is still gambling especially by increasing the amount of our bets unconsciously the previous winnings are thrown back to the casino slowly.

Reading books does not make some gamblers to be disciplined as much as they supposed to be although reading books can really help to sharpen how some gamblers see gambling but can not still determine what will be the outcome of many gamblers that are trying to have consistent profits while gambling and finding their way to riches.

It is the false sense of confidence that gambling instills into them. Because the games are always going to end up in a 50-50 win or lose outcome, the wins if clustered around a certain period will boost the player's confidence that the next few games will also have huge wins and hence they will take more risky bets or increase their wager both of which are disastrous.

A few people can actually understand the folly here and make amends to stop their habits. Most end up getting addicted and continue to waste money every month.

one need to be reach to loose 2mil, in such case if one has so much money financial risk plans are not needed TBH, he is probably playing just for fun or the thrill of gambling, high bets and risk involved,

higher bets = higher risk and thrill so it keeps going as long someone can afford it

books wont teach you how to gamble correctly, in my opinion this is pure luck, if we are talking about slots

I always loose all probably because I never won so much that it was worth to withdraw and stop to gamble further

I quite agree with you OP that usually losing more money than what is earned happens to impulsive gamblers who often play excessively, even I have also experienced it, but there is one thing that is no less important that you forgot to add among the four points above, namely “gambling with the aim of entertainment”, because actually just one goal is enough to make someone stop at the right time and avoid various adverse effects, because basically the adverse effects in gambling occur because of the gamblers' wrong goals from the start.

Gamblers with the objective to stop after a massive win find it so hard to accomplish this when the win shows up. The human thought primarily changes to something else immediately after winning a jackpot, and many players stay playing hoping to double the money on what has already been spent out of happiness and joy.

Doesnt matter on which you've been that dealing on with on which it would be that most of the time ending up with the same story on which you would be spending up back again with those funds and this is something that you must avoid at the time that you are winning or having that gains or you should be knowing on how to call it a day. Most of gamblers will become that losers in the end of the day. There are even those lottery winners who had been able to spend up all of their winnings into gambling and having that belief that they could still hit up another one on which this is kind of absurd approach on which we know that once you do have mismanaged up those funds  then you would be ending up on having problems at the time t hat you would be losing it all. You would be having those realizations in the end of the line.

This is why its important that you should be having the control because once you wouldnt be able to have such moderation specially into your urge then it would be ending up for you to become addicted and would be losing up even more and losing up your finances.

You should stop, especially when you realize that you should stop now. When you cross your limit and you can no longer control yourself, you automatically stop yourself. Stop gambling. Even if you lose a lot, stop yourself. Even if you win a few times, stop yourself, even if it is for a while. No matter how much experience you gain, if you do not find entertainment in gambling, stop.

There is no rule that if everyone wins big. They will lose everything in the future, this is often heard because people remember bad events more but in reality there are a lot of people who know how to stop after a win. I think the issue isn't in the number of wins but in people's heads, After a big win confidence suddenly goes up then people start thinking that this time everything is possible. If someone can put their own limits then even big wins can be taken in their stride, In the end it is not a game of luck but rather a game of one's own decisions.

The reason why most gambler end up spending all the money they won into gambling is because they don't have limit and this wrong. Gambler should know when to stop gambling and when to continue, infact before we start gambling we should decide before hand how much we plan to gamble with whether things go out way or not . By so doing well want be carried away or lured into spending more than we plan to. Discipline is also an important factor here because without discipline Even if we set a limit we will still break it and end up wasting time and money that we are not supposed to have .

If you understand the risks in gambling you will know that it is possible that all your wins can go back to the casino, if you fully understand this you will learn to gamble responsibly. Gambling responsibly centers on using amount that you can afford to loose, if you can do this you won't chase loses that can make you to lose all your big wins to the casino. When you win you will feel lucky and if you don't have self control you will push your luck which often leads to losing your wins and chasing loses. When you win take it and gamble normally from you bankroll, don't be over overconfident and be gambling from your wins, that is how giving it back starts. When you exhaust the money you planned to gamble with just stop honorably and try your luck another time.

If you are gambling Always know when to stop. If you have made some amount of money from gambling, we should always take out some amount for ourselve, we shouldn’t leave everything in casino because if you do that, you might end up gambling with everything and if you are unlucky you might just end up losing everything back to gambling.

Trying to double your money isn’t really a good idea, you might just be unlucky sometimes and you going to lose everything which you have placed the bet with. We shouldn’t take gambling as a money doubling scheme.

gambling is actually only for fun and entertainment,if someone occasionally plays with money that they can afford to lose without it affecting their life then it is not a big issue,but the problem starts when a person begins to see gambling as a way to make income,then it is no longer a game and greed comes in, people start thinking if not today then tomorrow they will win,this mindset is the most dangerous, from there people slowly start losing everything, many times even their last money is gone, family and home can also come under risk,the reality is that there is no such thing as easy money,casinos and gambling always work for their own profit,so if someone chooses to gamble it must be kept within limits,when the fun is over one must know when to stop...

Not only when you don't see the entertainment in gambling before you consider to stop, if you've made profits earlier on, make sure to withdraw significant amounts of the profits, if possible, all at first, it will also help you channel the funds into something helpful than spending it again in the same casino.

This is my strategy i use to protect myself from giving back my winnings to the casino, once my profits are out, I rest without gambling for the whole day, excluding how much i can use to play another time, profits from gambling may be free money, but when its of important amount, it can solve bit of expenses for the week instead of risking it for more.

Gambling is for fun but many people don't treat gambling as fun and you can't blame them. The casino companies launch gambling because they see it as business, so even the gamblers that want to get some money even though not all of them gamble with money they can't afford to lose. There are gamblers that don't gamble doesn't gamble for fun but you will never see them use money the money they can't afford to lose which is fine with me.

Some gamblers want to become rich over night through gambling, some of them are lazy and don't want to work which is very wrong perception. There may be people that has gotten wealth through gambling but the numbers are not whort to hive everything about gambling because it hasn't not work. The question people don't ask is that if the strategy some people are using is working, I don't think by now we will have few gamblers, everyone will be gambler.

Losses can be avoided if you do the right things, it is not a rule that all your winnings would eventually go back to the game, gamblers only experience this when they aren't disciplined. It is very important to know when to stop as  gambler that understands risk management and discipline, after winning the best thing to do is to avoid going back into the game and trying to chase more profits, you might end up losing.

I guess you have already said it, because this is true that greed makes gamblers chase to win more money after winning a huge or lets just say a decent amount of money from gamble, and to be honest it really affects them because they end up losing more money than they won earlier. However, if greediness is not in the picture, I'm very much sure that they will not chase for more winning after a huge win.
But funny enough, they become more content when they win smaller amount of money then when they win huge amount. Why I said this is because after losing some money and they manage to recover it from another bet, they will be happier because they recovered their money.

This is very true once people win from gambling instead of them to invest and stay off gambling for the time being but due to greed they  would want to rebet to double their win and by so doing lost all they have won and if we begin to calculate the amount some of us have used in gambling we will see that we have even lost more than 2million before we even win that amount so we shouldn't be desperate and know when to stay off gambling for the time being.

With the steps you have analyze above if some of us can stick to it then it will be helpful to us in terms of curtailing our gambling habits and stick to our budgets and don't stake every games we see so we don't fall victim to scams. Most persons gamble with emotions which is not good because it can affect your mental health and it requires one's stableness to gamble effectively. In other to gamble successful without having mental stress we should see it as fun.

When we are disciplined, we are less likely to suffer unexpected losses. People usually suffer major losses when their gambling activities exceed their control and limits, but when we are responsible, our limits will not be lost. It is necessary to stop ourselves at the right time, and for this, maintaining self-control is very important. If we are responsible, we will never chase our losses, and we will be happy with small profits responsibly, as a result, our activities will never go to excess or beyond our limits, which will reduce the chances of us suffering unexpected losses.

We can't say so I totality man, there is no way we can avoid loses in gambling no matters how we do the things we think is the right thing as you said, gambling is a game of uncertainty and for that luck is the determination to winning and not skills or your expertise, so we need to know this thing's since we can only reduce our risks and not totally avoiding the loses.

It's also possible that players have experienced where they won and then the winnings went back to the casino because he himself played again and ended up losing.

From that experience can be a lesson --- because sure players will experience the same win again, and what needs to be done is how to act, whether to stop by withdrawing money or chasing the win again, which is losing again.

Here must be wise and strict discipline, when you have won, at least withdraw the results and enjoy it, don't want to play gambling too much.

I disagree with you, losses can not be avoided rather it can be reduce or minimize because as long as someone is gambling, Loss remans inevitable and we can not avoid it like you said unless we stop gambling completely and which I think is a very hard choice to make even though we are not addicted to gambling but we would find it difficult to stop and sometimes stopping is not the best option or choice because at some point your luck can come up and you will win back to back.

Talking about greed in gambling, greed is a very important factor to consider while getting involved in gambling as it is primary factor responsible for all the negative things experienced in gambling, as a greedy gambler is liable to go back to zero even after counting millions. As for the issue of winning  one million and giving them 2 million while gambling, any gambler that operates with a good gambling culture easily eliminate greed which makes giving them what you got from them very difficult as you will set a target that enables you to quit when the worst is about to happen.

Discipline is the key factor here, because without it one would not be able to control the excitement of a winning and make decisions impulsively without further analysis with the belief that luck is always on their side. 

And at this point, the gambler is already half way in loss with such mentality,  the mindset that winning just keeps going on and on without any losses, the hope im every game and the absence of discipline after a win.

The gamblers have a problem with that, they only know this in theory, when they start gambling they have let's say from 2x to 10x increase of their balance to call it a day and win. When that happens though our dopamine and human behavior plays bad tricks on us gamblers, we start believing this distorted reality that wins are just coming our way, not long ago I was playing just for fun with IDR and minimum bet of 1000 IDR in Le Bandit slot from Hacksaw gaming and it went crazy for me from 100.000 IDR, roughly 7 dollars it brought me to well over 250 dollars in IDR and I lost it all. The reason I lost it all was lack of discipline and I thought myself this is the day for me to win huge and change my life as I was thinking, I am gonna get the max win with a higher bet now and I went down to 0.

It's always good to take stock of your winnings and losses at the end of the week. It's a way to know if you're really making a profit or not, and also to ensure that you're sticking to the budget you've set for yourself, if you control your finances when betting. I think spending what you win when betting isn't the problem; the problem is spending more than you should.

Well , depends. Right now , I think yes. Why ? Yesterday I had a great run betting in CS2 after months and manage to make from 2$ - 50$ which is insane as I literally never lost a map in CS2 betting yesterday but I also didn't have the courage to go all in everytime I was betting. However , this is just a pure example at this moment and the fact that I can feel the new meta of CS2 because otherwise , whatever I cash out , stays that way.  8)

While the incidents you are talking about are common, they do not happen the same to every gambler. Excessive greed is responsible for not picking up the winnings. The reason for saying this is that people can win money and withdraw money. The main problem is that later they want to win more and thus lose the money of the previous win. However, many gamblers withdraw cash only if they win little. Especially those who use less money. Moreover, there is no word option in gambling because every gambler will continue to bet later.

It is important not to get carried away with the money you have won because it gives you the illusion that you are the best player and can continue playing because luck is on your side. The ability to stop at the right moment is a very good skill because if you don't use it, the money you have just won will most likely return to the gambling site shortly after your victory.

The winnings we get will most likely return to the game even if we immediately withdraw and spend them, but at another time we can come back and gamble again by depositing more money. If this results in more losses, it can equal the amount of winnings previously obtained or even be greater.

It takes only a disciplined kind of gambler to make decisions and still stand by them all, because its not easy that we gamble and also maintain the same standard of what is expected of us without losing out, its not easy sometimes in maintaining what we planned to have, we can just try our best and ensures that we set the targets we want and maintain them by being disciplined enough not to go beyond the plan.

It is an entirely different scenario with an unexpected result, because i would choose withdrawing my profits and i use it to settle necessary needs over putting it back into the casino immediately where the predictions are variable and I lose instantly and I'm back to nothing.

After a good win, I prefer to take a break for a while, and bet when I feel like without any sense of urgency for more money or betting under pressure,  I just bet for the fun of it. I have learned to exercise much discipline after a win than during losses because that is when the greatest recklessness comes in.

When we win a bet, first thing that is expected form us is to takeaway the winning home and plan for it, not that we remain in the casino and then continue playing the more, because we may end up losing everything back to the casino, it has happened before in so many ways like this, when we win a bet, we should plan how we can utilize the fortune for an investment and not a time for us to be flaunting around and spending it or gambling the more without taking a break.

Gambling with the right mindset is the most important thing. It's as if the OP is suggesting that following these points will lead to success and greater profits in gambling. While setting financial limits and not gambling when feeling emotionally unwell are important, how about just having fun? That's what's truly important, in my opinion.

Everything listed here are correct, I feel most people have these mentality that winning should be everyday and which can’t happen, but I have come to realize that once you won your mentally and perspective change you start striving for more before you may know it all the money you won and the once you have would have gone back to betting company , but if you are aware of yourself and how to manage your finances it will save you from a whole lot , once you know when to stop and how to manage your resources it won’t effect you anymore .

From the perspective of finance, gambling is bad because spending money on entertainment is useless and doesn't bring any value so if someone read finance books should ignore the gambling completely rather than managing it. BUt life is not just about money right? We all want to enjoy the short life in every possible ways so make sure you do it right.

That can't happen and that's the trick from our minds that makes us gamble again. The thought of winning daily and getting more is the lie that we hardly accept.

At first, it's hard but when your pocket is starting to lose more money. It will be accepted when you have noticed that it's no longer healthy to have that mindset.

Knowing when to stop and accept defeat will take time but, it will be a huge relief when you're able to do that.

Losing all the money one have won back to the gambling company or casino is a pure result of being greedy, but I do not blame gamblers who go through this experience because I believe it's something every gambler passes through at some point in their gambling journey, but where I really start to blame the involved gambler is when he or she allows him or herself to keep falling victim to this same mistake over and over again.

I personally learnt to simply take a break from gambling anytime I win a tangible amount of money from gambling, and this is not because the money won't be lost again, but taking this break allows me to use that money for something really good at that moment, this is something I expect other gamblers to learn too as it helps give meaning to out gambling experience.

This incident may also be a sign of gambling addiction.  uncontrolled gambling urge that unable us to stop until our funds are totally depleted.  So this cas is not only being greedy but also the sign of a gambler turning into a gambling addict.


Same here, and I believe this is one of the best moves when we get a profit or winnings in our gambling session.  This action also help us to be in control in our gambling engagement all the time.  Being able to stop whenever we want is a sign of having a strong self-control.

There are somethings we just can't eliminate completely when it comes to gambling. Yes it's good to know when to stop, but how many people actually practice such habits.  There are times when we are into a losing streak but instead of taking a break, you just want to exhaust your deposit completely to satisfy your mind. Again there are times when we are winning, but instead of leaving and taking some break, you tell yourself that today might be the lucky day, you may never get this chance again. This and many more are why most gamblers aren't able to control themselves and at the end of the day, you find out that they turned out to be addicted..

I will tend to agree with you to a large extent because most winning in gambling goes back to the Casino this is because, when an individual wins it creates that psychological impact on the person to have believe and trust the process this will make this person to continue to gamble the more knowing you are going to win the more.so there is high probability that more money will be sent back to the casino by way of playing more games with the hopes of winning more money in the process.

if all the winnings you get is going back to the casino then How's that enjoying the game? we are not paying to lose,  gamblers end up losing all they have won back to gambling because they are indisciplined, this is not paying for what they enjoy, not exactly, no one enjoys losing. But your advice is something gamblers should take seriously, learn to move on from it whether it's a win or loss.

Hahaha! It is a cruel reality that in gambling, the odds of losing are always much greater than the odds of winning. No matter how disciplined a person is in managing their limit, time, and emotions while playing, in reality, if we honestly count the losses experienced, gambling has never truly been profitable. An occasional win may seem great; however, it mostly covers only a very small portion of the losses previously made.

Besides, money that seems to be “won” from gambling today is most times lost at the same table the next day. Gambling does not yield short-term profits as many would think; in the long run, all that remains is a wearying win-loss cycle. So while risk management might sound like an ideal plan, in reality, the fact is that the system and not the players are still most likely to benefit from gambling.

Being a discipline gambler is not as easy as we might thing of it. Responsible people are the ones that are highly disciplined because there is no way you can be responsible without a sign of discipline in you. Maintaining a stand when gambling not to use all your bankroll to try your luck even if you are losing or winning is a part of the disciplinary actions people that understand that the part they need to play to be profitable are taking so that everything they have worked for does not crumble before their eyes.

I consciously create this habit of endeavouring to get myself some stuffs from the gambling money am lucky to win, it's a way of appreciating myself for all the efforts. If it's that small amount in profit, after withdrawal a bottle of chilled beer must go down just to have a an enjoyable relaxed time. The gambling account should be left with only the amount we have decided to gamble with, because leaving all the funds in there can make you gamble with all the funds even it wasn't your intention.

It is extremely difficult to become a disciplined gambler and this entails incredible mental strength to ensure that one is not ensnared by the lure of blind ambition with capital fluctuations of uncertainness. One can only act responsibly through strong self control not only in the tough time of wins but also in the bad time of losses. The final safeguard on all our efforts is discipline so that our hard work is not immediately ruined by emotional choices that usually supersede the reasoning power.

I did the same thing by spending it immediately on what I wanted and needed, but sometimes when there was money left over, I would spend it on snacks or even gamble it away again.

I did this more than once, and even when I deposited the remaining money, sometimes I won and sometimes I lost, but the right thing to do is to spend it on our needs.

Learning discipline isn't just about winning; even when you lose, you must remain disciplined by not getting upset over the loss and risking more money on gambling.

Don't you know that doing what is right is more difficult to do than when we have decided on doing that which is wrong, some people have been too used to leaving a particular kind of lifestyle in gambling, which this will not help at all in the situation, we have to be disciplined and also know that it is what is expected of us, nothing good comes easy, but determine to do evil and see how easy and convenient such will come in place.

These are sound advice, but one must have discipline to follow them trough.  People that are level headed enoigh to withdraw everything after big win are pretty rare. Most of people are tempted to try out luck one more time, as it "worked last time".I guess it is somd kind of psychological glitch :D

The chances of losing money are relatively higher than making money through gambling, gambling can never be an easy way to make money, I think gambling is mainly for entertainment. It is very important to always be aware while gambling, it is always better to gamble with the money that you can afford to lose. This will keep your mind calm, so you can stop yourself at the right time, and maintain self-control over yourself, so you can protect yourself from big losses.

Some people don't know how to invest their money into something else and even at that, they will not want to ask questions or make inquiry, they assume that people might mislead them or beg them, so they might silently want to double the money on their own using the same casino that gave them the money. I can not be a victim of such loss because the moment I win, I'm withdrawing my money.

That is the trap plenty people dont see early.
Most gambling winnings is not really wins, it is just fuel for the next round.. Once someone win small, the mind begin to whisper:  it works, it’s isn’t luck. That small win will now build false confidence, and before you know it, everything has gone back to the betting site again bit by bit..

Funny enough, those betting platform or casino need and rely on people that win small, feel smart, trust the process, then continue playing haha.. Making the wins take over logic makes the house still get the edge.
That is why gambling is somehow. Even when you win, you are still in the game, and as long as you are still in the game, the odds will still be against you..

In gambling, their are those who gamble responsibly and if eventually they happen to win big amount of money, they will definitely make good use of that money. $1m is a reasonable amount of money and somebody with financial literacy can start life from there. We have addicted gamblers and their rate of gambling will marvel you because I stead of using the money they won for something useful, they will use that same money to the gambling site, but this is quite different from the responsible gamblers , responsible gamblers will not be confused to loose his or her winning to a gambling site, more especially when the winning is big.

The truth is that it boils down on the gambler, if you are the type that’s never satisfied with he or her wins you’ll continue to be victim of given back to the game (both your wins and your initial money) , is all about mindset and selfcontrol , this is the reason many haven’t accomplished anything from their gambling habits instead is the opposite, always losses . While some don’t follow such system they make sure to be smart and don’t follow the mass, instead of regambling with the amount they won from their previous games they will invest it on something else that will yield them a good return as time goes.

When someone gets lucky and wins a big amount, it's unlikely that they will lose it back. However if you win a small amount, then losing it back means nothing and it just means you get to not deposit something for a while.

Like if I win 100+ bucks, that means I can make like maybe 10 more parlays that way and can lose it all back and won't feel a thing, it means I will not invest for another month or two maybe, probably just a month, and that means I saved some money from that, but hats it. However, if I won like 10k dollars? I would withdraw and wouldn't lose it back for many years.

Some gamblers are naturally greedy and can't be satisfied. Just because it work the first time doesn't mean it's going to be good the second time. Learn to accept an outcome and if at the end you don't win, don't force yourself trying to make money, this is where many gamblers lose money. Learn to take rest, some games won by gamblers are luck, you can try the first one and win but if you try the second one you will never win, if keep trying you will just lose everything.

What OP says is truth though, how many people can say they have made more than what casino has taken from them. It's only few people that can make that claim. This is why they say if you are going to gamble, make sure you don't use money that will turn you to bet, don't borrow money because you think you can win a bet from one game, don't try to make wealth that is unrealistic even if you are winning money from gambling, you lose everything you have made.

What you said is extremely correct, but some people might see it otherwise, what you don't find attractive is what some people cannot survive without doing, but that is life for you. Everyone has there own way of finding happiness, joy and enjoyment. But the most important thing is for you to focus on what you think is best for you. We all have our perspectives regarding gambling or any other things. Gambling is prohibited in some religions, and some people will abide by their religion over their interests, beliefs, values or practices. But the most important thing or the best thing to do is to maintain each other's boundaries and respect each other's decisions, because everyone has their own ways of doing things.

When you're gambling and you don't have ambition for other more establishing adventures of from gambling, that's when as a person you get to behave in this way after luckily winning that huge pay. And exposure too plays a crucial role is helping people that gamble tend to make resourceful use of the huge win they make from gamble. The timid gamblers  are likely to act in that rather than confide in a person around them they would rather be gambling with that funds little by little till it finishes

Most gamblers are like this they are so blinded by the game to the point they do not look further to achieving other things when they are lucky to get big wins they think every huge win is an opportunity to gamble more and get even bigger winning which is why they are so fast to give back what they have won to the casinos. Some exposed gamblers have plans for other things when when they are gambling you can't see them not doing things differently if they manage to win you will see some of them avoiding the casinos untill they make good use of their money they see casinos as a means to look for other ways but they have a life aside that gambling.

Keeping gambling as the method to make money will lead to winning if any going back into the casino. Rather keeping gambling as entertainment for short period of time will limit the amount of money lost and the time spent.

Consider the games like that and dont try to make money from gambling because that is the entire false confidence that the outside seems to make us believe.

The people who are running the casino are running a business and a damn good one.

In gambling there's only two kind of person. The one who are responsible gambler which they knew what they are doing, the bet amounts, the consistency and the limit of their mone and willing to risk when it comes in playing. Sometimes you will get exhausted in playing gambling of course they knew to take a break and not being crave with the wins in the casino. The other part is the gambler who wanted to chase all of those losses in the casino and they make a bold decision when they start playing, seems like they are the risk takers who do always do or nothing in the game which sometimes they get deceived by the casino because they got the win with a large amount but on the other hand is its just a small value of money they use and spent to them. Also the casino do always open an opportunity to them to play more.

Know the risk, know the plan, and know when to stop. Gambling industry does not give free money to players.

This statement of yours is very correct and it is the raw fact so to speak,  you can be celebrating that you have hit it big but little did you know that's is just a means of keeping you behind till you lost it all. I have seen many people that celebrate loudly of winning huge amount but in no time because of their so much greed and the hunger of winning more they end up losing twice to four times of what they initially won and that's very crazy.

If you understand gamble very well you will know that it wasn't made to enrich us rather to collect from us so if privilege enough to win something tangible is more better walking away at least to go spend it on something more tangible and meaningful instead of recycling it back to the casinos all because of endless greed and hunger for money.

Yes, I agree with you. Casino is definitely a good business. It is a place of entertainment for many, and many people think that it is a place to make money without understanding it. Those who think that casino is a place to make money are just deceiving themselves. Those who go to the casino without understanding the full terms and conditions even after losing repeatedly are basically addicted. Addiction to any subject causes harm to people. So we should all go to the casino to spend our free time for entertainment.

Becoming a gambler and anticipating to grow rich through it can be psychological draining as you're with high probability of not making it compared to that of getting something tangible from it. The surest way to always be at the winning end in gambling is to be an owner of a gambling platform and not the gambler. And now opening a casino would demand lot of capital which many people who are into gambling lacks hence their desperation of wanting to make it through becoming a gambler which is very very rare.

It’s important for gamblers to have the right mindset and mentality about gambling as this helps to shape their attitude and even approach towards gambling. When people have the right mindset they better navigate the risks associated with gambling effectively and wanting to become rich through gambling, especially as a gambler is just the wrongest (if there’s even a word like that) mindset and such mindset would only get you in serious gambling trouble.

I agree with what you said. That’s usually how it goes these days; most players entering the casino field have that kind of mindset. Truth be told, there are some who have already won huge amounts  even what you’d consider a jackpot yet their winnings still end up being wasted or lost.

This is even more true for gamblers who haven't even experienced a big win yet but positively believe they will, despite there being no certainty. At the end of the day,
winning in a casino is really just down to pure luck.

This is just an example; it doesn't mean that someone who wins 1 million in gambling will then lose 2 million again. It can happen to those who are over-greedy. Still, an experienced gambler will never do this immature gambling, if I win 100 dollars, I immediately withdraw the profit amount, then keep gambling again with the remaining money, even after I win a big one, then stop playing, I never gamble continuously, I think it is gambling addiction, I have a fixed budget, I don't cross it, when the balance becomes 0, I don't gamble again by depositing money, always keep risk management in mind and then gamble. So that it can be afforded even if it is a loss.

That saying only feels true because most people don’t change their mindset after a big win, they change their behavior, like winning ₦1m doesn’t automatically mean you will lose ₦2m, it usually just means you are filled with greed, desperation, or just poor planning took over basically if you ignore your limits and stake emotionally your losses are almost guaranteed. Knowing when to stop, setting daily stake limits, improving financial awareness, and avoiding gambling under pressure won’t remove risk entirely, but they will significantly reduce self-inflicted damage which is what you want to avoid the most in gambling and most of your losses come from lack of discipline not from the act of winning itself, know this and know peace, lol.

yeah most gamblers get so deeply absorbed in the game that they stop seeing other aspects of life,when they win big once they think everything will be fine, then they want to gamble more,in the greed to win even more they eventually lose whatever they had won,that is why it is often seen that the casino takes the money back,
 
but there are some people who do not make gambling the center of their life, they know gambling is not a permanent solution, if they win they try to use that money wisely,they stay away from gambling for some time, they think about their life and future,i think this is where the real difference lies, making gambling the center of life leads to loss. following limits reduces mistakes...

What people say happens, even if only partially. There is no shortage of people in society who have not been able to change their financial situation even after winning a lot of money by gambling. One of the reasons for this is the desire to win more. If I describe an incident that happened in my area, you will understand the matter better. A person named Risik won a jackpot in gambling in my area. There, his winnings were like one hundred thousand dollars, which is known as a lot of money in the context of my country. After winning this money, he started building his house, but after a while, when the construction of the house was not completed, it was found that he had incurred more debt than his winnings in gambling and left the area.

There could be truth inside what they are saying, because before any smoke, there's always a fire. For people to argue it, it might have happened one or two times. Experience is no longer the best teacher; avoiding it is the best teacher. As a gambler, we should know when to stop gambling despite the fun or the amount you think you can double it to. One thing that I notice that destroys gamblers is overconfidence. You aren't the one playing, but you can beat your chest about how they will play. Gambling is more about luck, so when you get lucky, it's advice to enjoy it because luck isn't constant.

This is a shocking story. It's hard to believe that someone could won such huge money and still go poor after few weeks or months. Well, only few people go away with gambling winnings. Most give back their winnings to the gambling out of greediness. Greediness is bad and in anything we do we should avoid been greedy. In your story that man may have put that same winning in gambling again to win more which is a wrong perspective in gambling. It wrong to increase your stake in gambling after winning. This is where most people make mistakes. Some double, triple or use half of there winnings to gamble back and at the end lose all. Gambling is fun but needs some self discipline and techniques to avoid some bad stories.

Sometimes, even though I have won and made a withdrawal, there is still some money that I deposit back into the casino to gamble again, but that's not a problem for me because I have already spent most of my winnings on what I want and need.

This might be something many people experience, or perhaps everyone who gambles has gone through it—it’s almost like a common occurrence. For me, as long as I’m prepared to lose, it’s not a problem.

When greed kicks in
When emotion overcome your mind
When urge of playing more because you are trying to maximize your luck
When you do think that this is the perfect opportunity to get rich

Then you would be ending up on losing back again those amounts into the casino because we know that once you would be having that kind of mentality when you do play then those winnings would vanish in a short period of time and this is where you would be starting to whine and would be crying up on what happened and you should have cashed it out while you can. Regrets would be always in the end and if you wont be that responsible or thinking up into the actions that you've been taking then you would definitely be ending up with this kind of situation. Always be wise on making that worth of your winnings. Just like in my case on which if ever i do able to hit up some good amount then i do make secure it out and then buying something for myself like buying a mobile phone or any gadgets on which this is something that you would be able to make use for long time and make that winning worth at least.

That's an illusion for many thinking that gambling will make their lives positively. But those that OP has said are just a few of his concern on how gambling experience can be that good when you're in it than to experience the negative side of it due to your recklessness.

If that's the case when you've already taken most from your winnings and you deposit it back to the casino to try again. That's not a problem, they're just the excess that you've got and you're attempting that it might multiply again if you're in luck.

It's good only if the person is only spending a portion of the winnings again only to try their luck and see if it works out or not, but if someone is spending all the winnings they have got then it's not wise because you don't get to win all the time, and if you have already won something, you shouldn't give it all back to the casino but you should at least get to enjoy a portion of your winnings. Some people even do the worst, instead of playing only with the winnings, they go ahead and spend the winnings along with their initial deposit back in the hope that they might get more winnings.

A responsible gambler will never gamble more after hitting a good win, they might try a few more bets only to try their luck, but will never spend all the winnings back because this often happens, especially when you are playing slots, where if you hit a big win once, you will most probably not win another for some time, but some people keep spinning with a high bet in the hope that if they have got one big win, they might get another one and multiply their winnings even more, but they eventually end up losing everything back to the game.

It is not rule of thumb for all your winnings to go back to the game this can simply be avoided if you gamnle moderately. One reason why people end up losing their wins back into gambling is because they gamble with greed. Even making profit they decide to keep chasing more profits and as a result of that they end up losing everything. The best thing to do after winning is to withdraw your profits and stake back the amount you gambled with initially. You cannot always be lucky when it comes to gambling so always have limits you don't exceed.

Everything you said is true, I agree with your four points and it is a fact that nowadays most of the winnings of gamblers go back to the casino and usually this happens because they can't resist betting, too much without any limits, even if they have planned limits often when they have gambled and lost they forget about the limits and continue playing, in the end everything runs out.
Therefore I agree that limits are the most important in gambling considering the percentage of losses is much higher than wins.

This has actually happened to me a couple of times in the past, in fact more times than I can recall until I finally learned the hard way that any money won from gambling shouldn’t be compounded back into the bankroll, I mean this isn’t some kind of a business or investment where you just compound your gains to get much higher returns. So right now whatever I win, I withdraw it immediately, no matter how small, this enables me to lock in all my wins even if I continue playing it’ll be from my initial bankroll, and not my winnings.

There are some who gamble in such a way that if they win 1 million, they later lose 20 million. Such behavior of gamblers is very common. Those who cannot control their gambling lose more than they usually win. There are also some who fail to keep the money of that win even after winning big. In this situation, the gambler must give importance to self-control and risk management. If the gambler cannot control himself when needed, then he will suffer. In this situation, to manage controlled gambling, one must control his greed. One must set a limitation on his gambling. It should be remembered that people do not suffer only because of luck in gambling, sometimes greed and ignorance make the gambler suffer the most.

Yes, that isn't an issue if he's going to spend what he's left after taking all of his portions. He can do that for fun or whatever he's thinking on how to spend that money for. It's sad to say that even we're all aware that our winnings can lose on an instant when we're not careful with our actions. Still, there are times that we do that without thinking but if we've done that more than once then it's on us. We're the problem of our own and we have to deal with the repercussions that we'll face by doing that bad and ugly decision.

This is not greed, they are saying the truth, is it all the time you gamble you win, let's be truthful to ourselves if you count the number of times you have gambled and hw much you have won at the long run , then they are not far from the truth.

What do you think causes addiction, it's because the gambler does not win immediately when he place his bet and he loses again and again, which now leads to chasing of loses, then borrowing and others till he becomes permanently addicted, and if he his able to win he must have lost more than what he has staked, that is why gambling is for fun and not for money, because any money for fun can't be recovered.

That is somewhat a good idea I think. For example personally I keep playing my favorite games in the websites of slot providers like NoLimitCity and Hacksaw which is a good way to entertain yourself trying different scenarios for free, trying all of the type of bonuses and these two providers have more than any one else without spending a single cent from my own. As long as losing the demo money I don't have any feeling, I say it is good that I am playing not with real money and I am just having fun but in cases where for example in one session for example I got the x65.000 max win in Fire in the Hole 2 in a slot from NoLimitCity I said to myself what a pity that I am not playing with real money. So it depends on what happens to you during such times yet the best is to not be involved with real money as it hurts when you lose a lot of them.

What is the essence of gambling when you cannot enjoy your profit because you are never satisfied with whatever amount you win. Such gamblers are only doing more harm to themselves because addiction will be the case at last.

It's difficult to win your bet and if it happens that you are lucky to make little or big profits be satisfied and call it a day. You can still gamble tomorrow and try your luck again. The little profits you made today is better than the big win you hope to win tomorrow.

It is not easy to win money from gambling and not spend it on gambling. It is not about whether someone is greedy or not; whether someone is greedy or not, they are still going to spend on gambling. What I mean by that is, it may not be the same money you win, but trust me, you will spend more than the amount of money you win on gambling.Winning in gambling is by luck,it is not something you are planning for. It is very possible that you may lose once and continue losing like that for a very long time, as far as you continue gambling. If someone does not want to lose back the money won from gambling, that means they will stop gambling, which I believe is only about 1% of people. Those who win money from gambling usually do not stop gambling.Furthermore, gambling is temptation. Someone will always find a reason to continue gambling once they have started. But the point is that we should know when to control ourselves, so that we do not

To be honest, all what you have listed here is not the problem of gambling, someone who is into gambling needs to have a budget  of what they spent in gambling, and also suppose to have a limit...your budget will determine your limits in gambling,

The aspects of dont stake when you're not mentally stable...can someone who is having a mental disorder participate in gambling and also have feelings of what he lost from gambling...

When we are too focused on control, it starts to create unnecessary stress, which in turn requires us to look for ways to get rid of it, and for many, gambling becomes such an option, creating a vicious cycle of addiction. Don't take the game too seriously, just determine for yourself the amount you are willing to pay for using such a service and the time you can allocate to it. And if you win, that's great, but if not, it's okay.

1m is a reasonable amount of money to be won in a bet, and loosing such money to gambling is a sign of irresponsible gambling. Money is a commodity that is difficult to get, therefore if you win a reasonable amount of money in gambling and you are responsible, you should think of something meaningful and invest the money instead of exhausting it in gambling. Many gamblers chase after losses and do not know the appropriate time to stop gambling or have staking limit, if the irresponsible gamblers are in the gambling shop, they only stop when they exhaust their money and is absolutely very wrong.

I think it sounds easy to say these things, like just know when to stop or set limits, to avoid losing back your winnings. In reality, it’s not that simple. Well that's base on my own experience. lol
When player is already addicted to gambling, it becomes very difficult to control the urge to play again, especially after big win. Even if they manage to withdraw the money, they often end up depositing it into another casino and losing it there.
For example, based on my own experience, I once won on shuffle.com and successfully withdrew my winnings. But after that, I deposited the money into stake.com and played again. As expected, I lost it.

You’ve said it… being too serious with the game can have lots of consequences, not just financial but also emotionally and psychological. The game wasn’t initially created for people to become to engrossed or too interested engaged in it, it was merely just for a quick stop, play some few rounds and that’s it, and seeing it as more than that could get you glued to the screen, making you to waste time and money in ways even you do not expect.

Not only you, of course I have also experienced it even can be said often, especially when I was still very new to gambling, actually gambling with the amount of money from previous wins is not an important problem as long as we have divided part of the money for our needs and desires, at least as a form of appreciation for ourselves for the luck that comes.
Your actions are correct by immediately withdrawing when lucky because that's the best thing rather than ending up with regret.

I don't think it's a loss because even before doing it, I was already prepared to lose, and it was done with the money left over from my previous winnings. Sometimes the money I put back into gambling can also be profitable, but I don't remember exactly how many times, only that I have experienced profits again.

As long as we still have the desire to gamble, reinvesting the winnings from gambling back into gambling is a natural thing to do, but it’s not natural if you’re not prepared to lose.

You're right too, in words it's all very simple, but applying it is a very difficult thing.
Especially if a player is already addicted to gambling, the difficulty increases exponentially. Stopping it is a difficult task, but initially the desire to control oneself must come from the player and then from those around him.

The first factor is indeed one's own desire to control their gambling activities. But the influence of people around us is also important to consider. Family will support us to improve or get out of addiction. However, if we are still in an environment where friends are also addicted gamblers, it is difficult to consistently control ourselves. We can start by not gambling, but when the people around us continue to be gamblers who often talk about gambling, we will also return to gambling.

What you explained expresses true development, due to the fact that many individuals do not attain that kind of understanding. The mental process of winning via gambling makes it seem that it is an additional amount of money hence deceiving the brain into making more risky bets. The habit of withdrawing your wins immediately is in the real sense one of the smartest habits you can develop. It establishes the mental distinction between play and profit money.
To me, the trick is to take gambling as a form of entertainment and not a form of income. Making decisions when you view it as an advantage and not something to count on makes you a calmer, and controlled person. Winning is preferable to regretting later on and it will save you later on in the year of being affected by emotional chasing.

Exactly,  one can easily follow the steps and adhere to it without finding it difficult to do them, that is why its always important to know what it takes for one to gamble without going against the rules, which will enable one to enjoy the importance of gambling as a form of entertainment and not a place to double,  which can corrupt their mindset if they think of it that way.

It's not a normal sequence when you aggressively trying to keep betting even if you already have that chance to collect your earnings, most likely that statement is true, if you have that mindset which you are ready and willing to let the money you use whatever the outcome there's nothing that will affects your emotion, but it's still best to wise and enjoy if you already gaing some profits, quitting is good then enjoy your profits using it to other alternative ways that far from gambling.

On the moment that i would be able to make up some winnings on gambling or lets say a lucky day then i would definitely be considering on cashing it out and buy something tangible or something that i would be able to make use rather than on spending it all again back into the casino. Its never been wise or advisable that you should be that playing further more but if you are that really want to have some fun and want to spend all of those in a day then it would be that up to you but just like been said that it would be ideal and best that you should cherish out atleast into something that can be hold or be used rather than on spending or losing it back again. There would be that sense of regret at the moment or time that you would be finding yourself that those big wins will be just that eventually be wasted or losing it back again.

You would be having those thoughts that you should have withdrawn all of those funds and would be that whether buying something or you would be treating up yourself. It would be just that depending on you.

Personally, when ever I make some money from gambling, I immediately withdraw that win out, no matter how small or big it is, and even if I wish to continue, I’d either make another deposit or use what’s left of my bankroll and this has helped me avoid the situation of giving back my wins to the casino. Historically, this had been one of my biggest problems as a gambler, making me to always end up in loss every single time I hit the casino, and I figured out the reason for this was mostly greed, but thank God I quickly worked on it.

Learning from experience my friend, I also initially had the wrong understanding so my approach also tends to be aggressive towards gambling which makes me continue to play after winning instead of withdrawing it and enjoying it.
Everything really depends on our understanding because every decision comes out of the mind, and it's great if for example you have the right perspective on gambling such as only making it as entertainment because you understand that winning in gambling depends on luck and not on anything else, this will make it easier for us to stop without any emotional burden.

How is your 3rd point going to help a gambler? The mindset that gamblers have had nothing to do with financial books, those books are good for people who want to be good at investing their hardearned money, finance and gambling doesn't go well with eachother.

Gambling shouldn't be treated as a finance, it is wrong, stocks, bonds, shares and others are where finances makes sense, gambling is a game of luck that lacks strategy, the only option we have left is protect our funds and risk only what we can afford to lose.

People always learn this the hard way, right after they have make a grave mistake with gambling.

if gamblers set limits then they wouldn't be throwing all their wins back to the game, the problem here is about discipline and self control, gamblers get too greedy when thay are making profit and they think that it's always going to be possible to win. The simple rule is that the longer you keep on gambling the chances of winning keeps reducing and you might end up losing your profits.

How about plan, goals? Many gamblers don't have any plan or goal of what they will use the money they make from gambling to do, and this is why when a gambler luckily wins a significant amount of money from the game they are playing, what they do next is to increase their base bet, if they were betting $1 before, they start betting $5 now thinking they would possibly win again and this is nothing but greed at work..

A gambler who have plans and goals for his or her life will calculate well and make judicious use of every penny to get to ensure they actualize their plans and goals, if they are gambling, they are doing so with total consciousness that any win and profit that they make from that activity, they will use it to push their plans and goals forward, this are the type of people that after winning a good amount of money, they immediately pause and withdraw, and they may not gamble all through that week or month again until they make sure the profit made from the game is properly invested.

Yes, I agree with you. It is not a good idea to bet aggressively because it can cause us to place bets without considering the risks, focusing only on winning.

In my opinion, this is done by people who are desperate when gambling because they are unlucky, but they continue to chase wins, which leads to aggressive gambling because it is based on emotions.

If you've made a profit from gambling, the best thing to do is to withdraw it and spend it.

Yes that's where the problem lies, they think the longer they bet the closer they will get to winning, I believe this is also the reason why they always chase losses or act greedy which makes discipline very difficult to apply, even though whether or not they play for a long time does not affect the results at the end of the game, fighting harder is also not a guarantee that you will win.
Basically, the chances of winning are there but that doesn't mean we have to chase it, the reason is as I said above and it is proven in most cases that gamblers lose a lot of money.

There are different kind of gamblers based on their level of financial attainment and each kind react to their win in a different way. there are people that only gamble because they are looking for ways of doubling the little they already have so they can use the profit to get something for themselves. if such a person is wise enough, after wining, the best thing to do will be to move out. while some are able to move out after they have won, the vast majority always fails to opt out.

It is mainly a careless person that lacks an atom of financial plan that wins in his gambling and still through it into thine air just pursuing after greater win. as much as lied in you, you ought to avoid greed and be content with what you have and that way, you are sure you are not winning to loose it back to the casino.

Yes, there are quite a few people who have won but failed to walk away with their winnings because the winnings they had previously obtained were lost again as they were used to chase bigger wins, thinking that they would be able to get bigger wins, but the end result was that they lost everything.

I myself have experienced this, and not just once, but lately I haven't been very enthusiastic about gambling. When I manage to get a win that I personally think is enough, I immediately cash it out, regardless of how much the win is, as long as it is equal to the amount of my initial deposit.

Knowing when to stop is very important for gamblers that don't want to lose all their wins back to the casino, it is not easy to be in winning streaks so when you win take it, never gamble with it. Gamblers who are greedy coupled with a lack of self control are the ones who fall into this trap, they want to increase their wins but most times they lose what they have won. Inorder to avoid being in such situations where you will be tempted to continue gambling with your win you should plan how much you intend to gamble with before starting. You can also time yourself before you start gambling and no matter whether you're winning or losing you will stick to the pan.

Yeah right, and what even worse is it lead a person to a serious addiction when they unable to control that chase, trying to win either to recover or to earn some decent amount place you in a deephole which mostly cause desperation, it's best to play rgamble with conro of both emotions and good balance of your deposits, if you got the chance to win then go and cash it out, if you lose your initial deposit then move forward and cut your session be back when you already rest your mind, clear mindsets gave you much clearer visions with the strategy that you'll going to use on your next try.

The funniest piece of advice (and even funnier that the author generously doesn't ask you for money) is "read more financial books." It's like telling someone who wants to trade the stock market to read books on taxes or microeconomics. The rest of the advice is no less banal. The most important thing is: why should we be so sure that we'll be lucky and win in the long run, and that all we need to do to get rich is "just stop"? In my opinion, this is too superficial.

You are right, the players reason for gambling is very important because most of the time gamblers get prompted by what drives them to gamble. if it's simply all about gambling to make profit that's quite normal but gambling to get rich could be a reason why a lot of gamblers end up losing their wins back to the game. Being obsessed with getting rich is the reason why gamblers end up losing a lot.

And looking at my stats for this week this could be what is happening to me. Lost the other day, and last night, I played and won the money back so I'm break even. And it's good that I was able to control myself not to bet anymore as I could have my recover money.

So I guess it goes down to our control that once we get back that money, we might need to take a break. But then again, it's going to be a cycle of winning and losing. Unless you have that incredible luck and won successively for days and then might have used that winnings of yours instead of giving it back.

That’s the gambling loop but you will always ended up in more losses as long as you continue to play due to the house edge and human error on the games.

Gambling should be use for entertainment purposes that’s why I rarely track my win/lose stats since it will just bother me on my next game. I only make sure that I only what I can afford to lose so that no matter what happened all the money spend on gambling will not be a financial challenge for me.

The usual dilemma of most gamblers is how to recover their losses and so they continue to play for the hope that they will get back such losses. And with the continuous activity of gambling, more than likely, most gamblers are on the negative side of it. Meaning, they have more losses than winnings. So if you think you hit some good winnings, better invest this into tangible assets that you would appreciate gambling for giving you such opportunity to invest in a real asset that you can fall back onto when you need it.
But if you continue and won't stop after some winnings, it will surely go back to the site again. Because losing is always inevitable in gambling. Just take for example in hi-lo classic game - you bet let's say $1, depending on the cards, you will usually win let's say 10cents to 50cents if you're lucky but when you lose, you lost that $1. And now, you want to recover such loss. Because most of the time, the losses are quite bigger than the winnings. So think about it the next next you bet. How much you will profit vs what you can lose? And see how gambling works for you.

The goal of a casino is to make as much profit as possible from players who bet their money, so it is certain that the casino will win more often than it loses, while the opposite is true for players. However, even so, there are some players who are lucky enough to win, whether the amount is large or small, and giving wins to these players is one way to keep them believing in the casino so that they will come back again and again.

It is true that  casinos are always looking for opportunity to make money from players that are also looking for ways to become profitable by gambling on sport bets and casino games to increase their luck of making profits from gambling. I don't know if the trick gamblers are looking to use to make money from casinos if they don't have the luck that will project them to the level of choosing good games that will help them to become profitable when they stake their money on matches that are hard to predict.

If you can control yourself, then you can control anything. But what you said is completely wrong because if you win $1 million, you will lose $2 million. We must change our mindset because if we can control gambling and if we can control it properly, we will never lose more than what we win. Here you have instructed to read a lot of books to control gambling properly. You will never be able to control gambling properly by reading a lot of books. You have to strengthen your conscience and your emotions. Then if you can make it available on your own, then you will be able to make good decisions. But I will say that you have to know when to stop. I will also say that you have to use the least amount of money for gambling and gambling should be used only for entertainment, only then can you manage yourself properly.

All these are just theory, when it comes to practical and real life situations you’ll realize that what the op is saying isn’t too far from the truth.

If you sit down to do a proper calculation of what you have currently lost to the gambling market you’ll see that even control won’t be able to save you from it. Winning 1 million and losing 2 million doesn’t necessarily mean that it will happen after you have won the money, it could be before. Even if we limit it to after, it is still possible to lose it and it happens gradually making you think that the money you’re losing isn’t significant.

I wonder why people think that it is a rule to win a particular amount of money and lose double of it,although there is a chance that it might happen but that all depends on you as the gambler, if you are indisciplined you will definitely lose. This doesn't mean that this applies to everyone, if you are make profit it is always wise to take out 80 percent of it so you don't lose everything.