It is not worth it, right?

[PuraPuraBego]

Gambling does allows people to have the opportunity to be rich overnight, but of course the risk is much more higher as compare to trading or other traditional investment. I have indeed seen with my own eyes on a few gamblers becoming rich overnight by hitting a big jackpot in gambling.

But only a chosen few can actually monetize on this "opportunity" as you euphemistically call it. The rest come back shorn to their tight cubicles and noisy bosses on Monday mornings. So if you hit a huge jackpot and do become rich overnight, you should consider yourself an extremely lucky person. Or you can be happy with what you've got and gamble occasionally with your pocket money.

If you have the chance to win at a 1% chance that would give you a multiplier of 99 of your bet, that is already a great win but it doesn't make you instant rich because it will depend on the bet that you have. For example, you bet only 0.0002 on that that's closely near to 0.02. But if it is 0.002 that is already 0.2 that makes a lot of difference.

But this is exactly what I'm trying to convey here! If you have a 1% chance to win, that gives you only one man in a hundred who will become rich at these odds, while the rest of the gang will definitely lose. In real life, when the stakes are high, only one will make it into the wealth, the chosen one, with the others biting the dust for lack of luck. Would you want to take advantage of this unique "opportunity"?

That is a bad example. Nobody becomes rich by winning a 99 to 1 chance, unless that person is betting too much, in which case he will go bankrupt 99% of the times. The vast majority of players don’t bet that much.

Second, if odds are 99 to 1, the casino is always going to pay you less than 99.

And finally, when people hit a jackpot end up losing the money by betting again. Some even lose it the same day,

That is too true, 1% chance to win is will not really generate you money in fact you lose more quickly. First off, you will lose in the long run since you are really playing against the casino which has a house edge. Also, in the event you do win, then that is the time to cash out. If you made profits, quit already. There are so many gamblers that won something but in the end lost everything since they got greedy.

Probably of fair has proven, so possible of on right predict always be happen although only 0.01%. Aggre for LuanX3 were those gambling have a lossing if keeping to bets more, just thinking over able to make a casino bankpurt. At least, we should have a goal what's porpuse of gambling. we just need a double our money or more.

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[kryptorian]

Gambling does allows people to have the opportunity to be rich overnight, but of course the risk is much more higher as compare to trading or other traditional investment. I have indeed seen with my own eyes on a few gamblers becoming rich overnight by hitting a big jackpot in gambling.

But only a chosen few can actually monetize on this "opportunity" as you euphemistically call it. The rest come back shorn to their tight cubicles and noisy bosses on Monday mornings. So if you hit a huge jackpot and do become rich overnight, you should consider yourself an extremely lucky person. Or you can be happy with what you've got and gamble occasionally with your pocket money.

If you have the chance to win at a 1% chance that would give you a multiplier of 99 of your bet, that is already a great win but it doesn't make you instant rich because it will depend on the bet that you have. For example, you bet only 0.0002 on that that's closely near to 0.02. But if it is 0.002 that is already 0.2 that makes a lot of difference.

But this is exactly what I'm trying to convey here! If you have a 1% chance to win, that gives you only one man in a hundred who will become rich at these odds, while the rest of the gang will definitely lose. In real life, when the stakes are high, only one will make it into the wealth, the chosen one, with the others biting the dust for lack of luck. Would you want to take advantage of this unique "opportunity"?

That is a bad example. Nobody becomes rich by winning a 99 to 1 chance, unless that person is betting too much, in which case he will go bankrupt 99% of the times. The vast majority of players don’t bet that much.

Second, if odds are 99 to 1, the casino is always going to pay you less than 99.

And finally, when people hit a jackpot end up losing the money by betting again. Some even lose it the same day,

First off, thanks for your comment! It is always good to have a thorough discussion on things like these.

Further, your thinking that nobody wins or becomes rich at these odds makes a perfect example which actually proves my point. That was specifically to show how rare such an event should be and how much luck you should have to become rich on this so called "opportunity". So would you ever call it an opportunity, huh? Nah, I think this is pure luck at its best and double speak at its worst!

[GTX980Power]

Oh my god.. the amount of gamblers in here is extremely incredible, i joined this thread in order to give him a constructive reply, but it seems that everything in here is just a hard discussion. Came on guys, what is wrong with you? If he wants to gamble all his money, let's just him do it, after all, it is HIS money

[gabmen]

Gambling does allows people to have the opportunity to be rich overnight, but of course the risk is much more higher as compare to trading or other traditional investment. I have indeed seen with my own eyes on a few gamblers becoming rich overnight by hitting a big jackpot in gambling.

But only a chosen few can actually monetize on this "opportunity" as you euphemistically call it. The rest come back shorn to their tight cubicles and noisy bosses on Monday mornings. So if you hit a huge jackpot and do become rich overnight, you should consider yourself an extremely lucky person. Or you can be happy with what you've got and gamble occasionally with your pocket money.

If you have the chance to win at a 1% chance that would give you a multiplier of 99 of your bet, that is already a great win but it doesn't make you instant rich because it will depend on the bet that you have. For example, you bet only 0.0002 on that that's closely near to 0.02. But if it is 0.002 that is already 0.2 that makes a lot of difference.

But this is exactly what I'm trying to convey here! If you have a 1% chance to win, that gives you only one man in a hundred who will become rich at these odds, while the rest of the gang will definitely lose. In real life, when the stakes are high, only one will make it into the wealth, the chosen one, with the others biting the dust for lack of luck. Would you want to take advantage of this unique "opportunity"?

That is a bad example. Nobody becomes rich by winning a 99 to 1 chance, unless that person is betting too much, in which case he will go bankrupt 99% of the times. The vast majority of players don’t bet that much.

Second, if odds are 99 to 1, the casino is always going to pay you less than 99.

And finally, when people hit a jackpot end up losing the money by betting again. Some even lose it the same day,

First off, thanks for your comment! It is always good to have a thorough discussion on things like these.

Further, your thinking that nobody wins or becomes rich at these odds makes a perfect example which actually proves my point. That was specifically to show how rare such an event should be and how much luck you should have to become rich on this so called "opportunity". So would you ever call it an opportunity, huh? Nah, I think this is pure luck at its best and double speak at its worst!

Well i agree. 1% chance isn't decent at all. That almost gives you no chance in hitting a jackpot and who in their right minds would bet a huge amount for that small a chance. Its destiny i think, for some people to have their lives changed by gambling but most of us aren't entitled to it.

[Hell-raiser]

I will not completely claim that gambling is not worth it neither will the recent winner of the Super Ball lottery jackpot who won nearly $600 M. It is only worth it when you eventually win the money other than that, its simply a waste of time and money.

I will tell you the problems of gamblers,  I want to tell you why most of the gambling are not getting profit from gambling. The cause that every gambler always lost his money because he never wants to leave gambling and he has the greed for more winning if he wins a little. This greed took him to the worst situation and he leaves the game when he has nothing left. This is not right otherwise you will never save money.

I don't think this has anything to do with greed. If it were, after losing a little here and there, a truly greedy person would stop gambling and walk away because this very greed would prevent him from losing any more. In other words, his greed would make him loathe gambling in a short while. I suspect we should rather talk here about gambling addiction, which is not particularly different from, for example, alcohol or drug addiction.

Does greed have anything to do with these?

Greed is the desire to get more of something, more money, more cars, more fancy clothes, so those that gamble with a sense of greed do so because they envision themselves bankrupting the casino and getting all that money for themselves but as we know that is impossible and they hurt themselves as a result of their actions.

This is what people come for when they start gambling. But when they start losing is it really greed or something else already? In my view, it can't be greed because they are losing while greed is about earning. Really, how can they envision themselves rich and wealthy when reality kicks them straight in the face? People are stubborn as fuck and when they see losses, they are trying to win these losses back. I don't think we can really call them greedy, they are desperate, frantic, addicted, or whatever. How many people would be greedy in these circumstances?

Some emotions seem to be mutually exclusive.