What did you learn as a gambler?

[Debonaire217]

I learned in gambling that it shouldn't be treated as a source of income because it can wipe out your money in an instant.

I learned many things on gambling like self control, proper discipline etc. but when I start in gambling, what I think is gambling can be considered as another source of income but I'm wrong. I got lost so many times in gambling and in the end, I learned that it can't be a source of income. Maybe I'm stupid but I'm a newbie at that time and at least now I learned to my mistakes.

Basically if you have allot of money, it is a good way to challenge yourself and to test your luck. If you are gambling in a daily basis and you hope it could make you a millionaire then probably not. What you need is a job that will enable you to live and if you've already saved allot, then try to trust your luck then.

[bobyhodob]

I learned in gambling that it shouldn't be treated as a source of income because it can wipe out your money in an instant.

I learned many things on gambling like self control, proper discipline etc. but when I start in gambling, what I think is gambling can be considered as another source of income but I'm wrong. I got lost so many times in gambling and in the end, I learned that it can't be a source of income. Maybe I'm stupid but I'm a newbie at that time and at least now I learned to my mistakes.

Basically if you have allot of money, it is a good way to challenge yourself and to test your luck. If you are gambling in a daily basis and you hope it could make you a millionaire then probably not. What you need is a job that will enable you to live and if you've already saved allot, then try to trust your luck then.

Thats human kind sometimes they want to be a millionaire quickly yes they can get it with gambling but of course it won't be easy if we don't have luck like gods lol

[Kevondo]

Suppose I were given the opportunity to share a lesson about gambling with those who have never gambled, maybe I just want to say there is no need to gamble because there are many other more ways for you to make money. But, what is happening right now is that it is difficult for me to find people who have never gambled, and when they have known gambling then at least they have their own way of life and understand what should be left and not.

Gambling is not a good way to earn money. This is not your point of view .But is not the perspective of individuals who have actually earned much through this method. In the long run gaming is not reliable but I have found that people are getting addicted to it. Moreover some others claim that they gamble just because of fun.

[nakamura12]

Due to many replies here and would surely take me long to read all of this so i'd just base this reply on the op. Most gamblers learned as a gambler is that gamblers losing percentage is higher than winning percentage but it would also provide you fun, satisfaction and other.

[Betwrong]

I just remembered jet another important thing I've learned as a gambler. If you bet on something to happen, and the probability of its happening is high, you are not going to win big. In fact, you can win only a fraction of your bet, sometimes less than 10% of its size. To win big you should go against the crowd(in sports betting) or against the odds(in games like dice). Of course you shouldn't risk more money than you can afford to lose, in the first place, but if that part is settled, the game is more fun when you go against the odds. And this applies to some things in real life too. 

[deisik]

You probably heard the negative sides of gambling, some people who dont gamble has this bad impression towards it and we cant blame them for thinking that way because of the bad affect of gambling to a person who dont have control and let himself became addicted.

Now what did you realize or learn as a gambler (regardless if you became an addicted or not) that you can share to others?

If anything, gambling allowed me to discover the true power of randomness

And how far it can go and take us, in both negative and positive directions (in terms of wins and losses). Speaking in more concrete terms, it is the extreme variance of random events (remember, random is not uniform) that we should be well aware of and particularly careful with when dealing with such events. It is not regular outcomes that typically make our lives difficult and unpleasant but statistical outliers (black swans in Nassim Taleb's terms) that ultimately come to ruin us. Simply put, randomness can be your best friend as well as worst enemy

One prime example would be dice and an approach to playing it known as martingale. Most players massively underestimate the power of variance in this game when using such a strategy. They can play for a day or two, and then proceed to erroneously assume without critically evaluating the assumption that they are never going to see longer losing streaks. So they continue to stake more and more in pursuit of greater profits until variance finally catches up with their greed (which knows no limits) and gets them completely unprepared

As a former addicted gambler I realized that gambling is not the answer if you're desperate to grow your money and should not be our last resort in times like this because there's other way that can be the solution to our problem when it comes to money

Absolutely agree with this point unless you know how to change the odds in your favor

[Kurokonobasuke]

Gambling thought me to be fearless to continue betting despite the inassurance of winning. Though it leads me to be hanged for hours of continuous gambling, all I felt was fun tho. Hence, gambling is somehow negative indeed, but it gives you fun and excitement that trading or holding cant.

[supercanada1]

Suppose I were given the opportunity to share a lesson about gambling with those who have never gambled, maybe I just want to say there is no need to gamble because there are many other more ways for you to make money. But, what is happening right now is that it is difficult for me to find people who have never gambled, and when they have known gambling then at least they have their own way of life and understand what should be left and not.

Gambling is not a good way to earn money. This is not your point of view .But is not the perspective of individuals who have actually earned much through this method. In the long run gaming is not reliable but I have found that people are getting addicted to it. Moreover some others claim that they gamble just because of fun.

Yes. It has become difficult in today’s world to point out those people who haven’t tried gambling ever in their life. I think that giving lessons to gamblers and the people who are unaware of it can never bring desired results. Gambling addiction has become common and it is only possible to quit gambling when the person himself tries to get out of it. Otherwise advice is not the solution.

[pakhitheboss]

I have realised recently that gambling has taught me how to keep my mind cool no matter how bad is the situation. Patience is key to succed in gambling. I also learner to control my spending and understand my limit. Earlier I used to be careless when I was gambling now it has changed a lot.

[greatr]

I knew I couldn't underestimate myself as a gambler. I thought I could easily deal with myself and just be able to control myself. But after a couple of days I tried to leave gambling, the urge for gambling was so strong and then I realised how I could go against myself and it wasn't that easy to quit. So I just stopped completely what I did and now I'm just playing here and there only a few trades on games.

[iamsheikhadil]

I have learnt many things and one of them is we can't really ever leave gambling. Ever. Period. Maybe we can control it, but can't leave completely.

Now, the effects of gambling is limited when we play with own funds and the real problem begins only when we start to borrow funds for it. That's when it's going to bite us. Never, ever ask for money. Busted food money? Starve for a day, work hard and earn that money back. The day you will learn that there's no one else from whom you can take money and going into debt trap, you will just be fine.

[MyIdeas]

Okay, gambling teaches me a lesson not to play, and when you choose to play with any excuse, you will end up playing unknowingly, making you a gambling addict. At least that's what I knew when I was involved in daily gambling, and even so after quitting gambling there was always the possibility of returning so that the real lesson could be learned was about self-control.

But you have not learned correctly about gambling and addiction in gambling as people do not get addicted in gambling if they do care while gambling. Many sensible people are gambling and they know that how to manage the timing and the money which he have for gambling. They are playing from a longer time and they still are not addicted like others to lose all of their wealth in gambling.

[Golftech]

Okay, gambling teaches me a lesson not to play, and when you choose to play with any excuse, you will end up playing unknowingly, making you a gambling addict. At least that's what I knew when I was involved in daily gambling, and even so after quitting gambling there was always the possibility of returning so that the real lesson could be learned was about self-control.

But you have not learned correctly about gambling and addiction in gambling as people do not get addicted in gambling if they do care while gambling. Many sensible people are gambling and they know that how to manage the timing and the money which he have for gambling. They are playing from a longer time and they still are not addicted like others to lose all of their wealth in gambling.

The point where wise and fools are differentiated. Wise gamblers knows the very reason why they are inside the gambling house making money in the process of using different strategies while fools are just there trying to find some lucks but didn't have any sets targets. Ending up completely busted.
Learned how to limits and value the purpose of your stay are the best things things to achieved from this activities.

[Best Dreams]

Gambling thought me to be fearless to continue betting despite the inassurance of winning. Though it leads me to be hanged for hours of continuous gambling, all I felt was fun tho. Hence, gambling is somehow negative indeed, but it gives you fun and excitement that trading or holding cant.

Even if the hanging is excitement and freshness for you but doesn’t forget about the money that you can make with gambling so gaming taught me how to make money with enjoyment. It is a source of income for so many people the same as me so I use gambling to make money and also enjoy my spare time in gambling it’s the best way to spend your free time for me.

[deisik]

For example, if you fail over and over again in attempts of finding a particular job, maybe you should stop trying to get that particular job, and focus on finding a different one

That's an interesting observation

Einstein is credited with the saying that "insanity is doing the same thing over and over again, but expecting different results”. And while I certainly agree with the man on his definition of insanity since this is what most of us are doing most of the time anyway (known as behavior patterns), I can't quite agree that you should stop looking for something which you feel is your thing - let's call it true calling

So if you fail, it may just mean that you are using wrong tools and employing wrong approaches, or simply not properly prepared or motivated. So how's gambling really different in this regard now that we seem to have found a way to beat the house (even if only for a small profit)? The point is, there is false hope, but there is also false hopelessness. And the latter is generally considered much worse than the former

[universe_]

The other lesson from gambling is always to restrict the money you use to play because without restricting the money, you can't save money to play gambling on a different day. Besides money, so you can stop playing gambling if you think it's enough to play gambling for that day, you also need to limit the time you use in gambling. You shouldn't be selfish in gambling besides restricting money and money because that can make you lose the opportunity to save money if you win.

[Betwrong]

For example, if you fail over and over again in attempts of finding a particular job, maybe you should stop trying to get that particular job, and focus on finding a different one

That's an interesting observation

Einstein is credited with the saying that "insanity is doing the same thing over and over again, but expecting different results”. And while I certainly agree with the man on his definition of insanity since this is what most of us are doing most of the time anyway (known as behavior patterns), I can't quite agree that you should stop looking for something which you feel is your thing - let's call it true calling

So if you fail, it may just mean that you are using wrong tools and employing wrong approaches, or simply not properly prepared or motivated. So how's gambling really different in this regard now that we seem to have found a way to beat the house (even if only for a small profit)? The point is, there is false hope, but there is also false hopelessness. And the latter is generally considered much worse than the former

I'm actually not sure if it really is worse. Dozens of millions of people lost their lives in the 20th century exactly because of the following a false hope. At least from the sources I read, it can be concluded that it is better to have no hope at all than a false one. And it is definitely applicable to gambling. If you think you've found a way to beat the house, you better forget about that, mate, the sooner the better.

[peter0425]

The other lesson from gambling is always to restrict the money you use to play because without restricting the money, you can't save money to play gambling on a different day. Besides money, so you can stop playing gambling if you think it's enough to play gambling for that day, you also need to limit the time you use in gambling. You shouldn't be selfish in gambling besides restricting money and money because that can make you lose the opportunity to save money if you win.

the problem is can we really restrict our expenses while in gambling table?limited gamblers can adopt to that because the way Gambling was created is to take all our money while casino's are pretending making us enjoying and happy but the truth is?they are taking our money in another way in which we cannot find until we spent all.

what you need is controlling your self from looking to Bet,in this way you can prevent your self from risking your money.

[deisik]

So if you fail, it may just mean that you are using wrong tools and employing wrong approaches, or simply not properly prepared or motivated. So how's gambling really different in this regard now that we seem to have found a way to beat the house (even if only for a small profit)? The point is, there is false hope, but there is also false hopelessness. And the latter is generally considered much worse than the former

I'm actually not sure if it really is worse. Dozens of millions of people lost their lives in the 20th century exactly because of the following a false hope. At least from the sources I read, it can be concluded that it is better to have no hope at all than a false one

In fact, it's the other way around overall

And it is not just about the people in the 20th century or any other particular period as it is more about the entire history of human civilization. When you are hopeful, even if your hopes appear to be in vain, you are forced to act and still have a chance to succeed in the end, however minuscule that chance might be (as luck or fate may easily turn the tables at any moment). But when you are hopeless, you are giving up all hope and just waiting passively for the axe to fall. As you can see, false hope is better than false hopelessness in the long run specifically because the former forces you to fight despite all odds while the latter to cease all fighting

And it is definitely applicable to gambling. If you think you've found a way to beat the house, you better forget about that, mate, the sooner the better

So far so good, bro

But I agree that this dilemma is fully applicable to gambling, and in a reverse, or even perverse, way. Casinos are exploiting and actually reversing the fact that false hopelessness is worse than false hope. If you feel hopeless, you will obviously avoid gambling at all costs, and thus won't lose anything. However, when you are filled with hopes, you will go on playing and most likely end up losing

[Sebas.tian]

Don't be addicted and always remember your families and love ones because, winnings are temporal and not permanent. Never reveal your true identities online and ensure to keep your big winnings to yourself alone. Never think of consecutive wins but be rest assure that; a day to win and a day to loose are very real, embrace them.