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Author Topic: Do some gamblers actually win?  (Read 1560 times)
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April 13, 2020, 01:33:55 PM
 #181

Well, I guess many of the sites can add fake information about players just to distract newcomers with misleading stats, etc. Also, in general, it's hard to get big profits with gambling afaik same as with casinos but some people have great luck and win big amounts of cash. Additionally, I suppose many gamblers who try to make their living by using it try to use maths, strategies and other stuff to make it more likely happen. Thus there's no exact answer to your question it all depends on a context.
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April 13, 2020, 02:00:46 PM
 #182

Some go home with wins, however, the problem is some people do not stop gambling the moment they win a decent amount of money. They push their lock until they end up losing everything. Sometimes greed pushes people to do stupid things, that is why it's the hous that always win.

I agree, I think gamblers who always win are those who has control. Those who can still think critically even if they are winning. They know when to stop. Some gamblers continue betting and that is the very reason of their lost. All gamblers can win in the first place anyway, but winners and losers will be determine depending on when they decided to stop betting.
Those gamblers who are frequently win in gambling are the one who have high knowledgeable and also skillful gambler. Luck is also factor but not always luck can make us win and that is why we should also have skills that we should develop if we want to have consistent earning in gambling. As you said control is also required, managing our emotions are important if we want to become aware on what we feel and what thoughts that we have because it can help us to think more better.
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April 13, 2020, 02:05:53 PM
 #183

I think most of the people are taking the idea of the house always wins in a literal way, how? Because for me, there is always a chance to win, there's always a probability to win and the phrase "house always wins" for me should be taken as not holistically, but profit based in a long term. There are gamblers that are winning in casinos, it is just that, the house is the one that provides the services and they deserve to have income, they are gaining more and has a definite chance of gaining compared to gamblers in the long run. Gamblers have their chance based on luck, but the house's chance is constant.
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April 13, 2020, 08:22:30 PM
 #184

I think most of the people are taking the idea of the house always wins in a literal way, how? Because for me, there is always a chance to win, there's always a probability to win and the phrase "house always wins" for me should be taken as not holistically, but profit based in a long term. There are gamblers that are winning in casinos, it is just that, the house is the one that provides the services and they deserve to have income, they are gaining more and has a definite chance of gaining compared to gamblers in the long run. Gamblers have their chance based on luck, but the house's chance is constant.

   Odds determine chances we have! The hardest to win is lottery, too many people, odds for winning with
one ticket are 0.0000 something. But there are other games where chances to win are much higher.
   I love to bet on sports, and in sport anyone can try to make some money. It's not so hard, but not
for greedy people who wish to win a lot with minimal bets. Now when sport games are canceled I have
fun with casual crypto-games like plinko, dices and crash, and I can say chances to win are OK, I am winning
but I quit after I win couple thousand satoshis! Point is to not be greedy and you can win most of the time, but
for greedy people sooner or later comes losing game!



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April 13, 2020, 08:39:38 PM
 #185


Sports betting is very different from roulette or other slot machines... There are no statistics in the slot machines, and in sports betting there is... So luck is certainly necessary here, but it is not in the first place!

And Those mentioned are totally about Luck but sports betting is based in Knowledge and familiarity so the chance of winning is by skills more than luck.
so they are not comparable as i believe.

Actually, sometimes they're comparable... For example, football - you can know as much as you want about teams and statistics of personal meetings, even about the health of players... But the referee can show a red card and assign penalties... And all your calculations will be in vain! So luck still means a lot!

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April 13, 2020, 11:06:49 PM
 #186

Just like trading, most people lose because they don't understand what they are getting into. They don't understand odds and risk management, they don't understand that the odds are likely to be against them.

However, just because most lose, doesn't mean it can't be profitable. You just need to be aware that more likely than not, you're going to lose more than you win, or possibly even bankrupt yourself.





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April 14, 2020, 01:09:33 PM
Last edit: April 15, 2020, 07:49:23 AM by ethereumhunter
 #187

Just like trading, most people lose because they don't understand what they are getting into. They don't understand odds and risk management, they don't understand that the odds are likely to be against them.

However, just because most lose, doesn't mean it can't be profitable. You just need to be aware that more likely than not, you're going to lose more than you win, or possibly even bankrupt yourself.

Don't forget that most of them become greed if they win, and that makes them play longer than usual. If they can know that enough is enough, I think they will have a chance to manage their money and their winning because they will see that they should get out from gambling after they got some money. However, not all gamblers can do that because every gambler will have their reason to play gambling. And when they can realize about controlling themselves, then they are the real winner in gambling.

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April 14, 2020, 01:33:18 PM
 #188

Just like trading, most people lose because they don't understand what they are getting into. They don't understand odds and risk management, they don't understand that the odds are likely to be against them.

However, just because most lose, doesn't mean it can't be profitable. You just need to be aware that more likely than not, you're going to lose more than you win, or possibly even bankrupt yourself.

When it comes to games related only to luck and having a house edge, it is mathematically obvious that the longer someone plays, the more certain their loss is.
Only in games where, apart from luck, experience and knowledge that allow you to gain an advantage, can it be profitable.
That's why I think that in games related only to luck, such as, for example, slot machines or roulette, there is no possibility that they will be profitable over time. Games such as betting on sport or poker, along with growing experience and knowledge, can be profitable.

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April 14, 2020, 06:56:09 PM
 #189

Just like trading, most people lose because they don't understand what they are getting into. They don't understand odds and risk management, they don't understand that the odds are likely to be against them.

However, just because most lose, doesn't mean it can't be profitable. You just need to be aware that more likely than not, you're going to lose more than you win, or possibly even bankrupt yourself.

When it comes to games related only to luck and having a house edge, it is mathematically obvious that the longer someone plays, the more certain their loss is.
Only in games where, apart from luck, experience and knowledge that allow you to gain an advantage, can it be profitable.
That's why I think that in games related only to luck, such as, for example, slot machines or roulette, there is no possibility that they will be profitable over time. Games such as betting on sport or poker, along with growing experience and knowledge, can be profitable.

I agree that in the long term you can't beat the house on the games based on luck. But I know few people (but only few) who manage to stay on the plus side year after year. But they gamble only on sport and play poker. They never play games based purely on luck.

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April 14, 2020, 08:53:06 PM
 #190

in the long term you can't beat the house on the games based on luck. But I know few people (but only few) who manage to stay on the plus side year after year. But they gamble only on sport and play poker. They never play games based purely on luck.
How it will be possible for those few people. If there is an exception in luck based gambling that could be due to some illegal methods or due to some extraordinary super power. I agree that sportsbetting and poker are skill based gambling on-which anyone could stay profitable for year after year. But, like you mentioned on your first statement I guess it would be too difficult for anyone to be profitable in long run with luck based gambling.

I do not agree with OP. In my opinion, no one could win consistently yes even with skill based gambling. Because, for consistent winning you must have high level of discipline which may not be possible with an entertainment because there are plenty of chances for you to slip down somewhere when you are too excited about your entertainments.

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Darker45
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April 15, 2020, 03:19:29 AM
 #191

Just like trading, most people lose because they don't understand what they are getting into. They don't understand odds and risk management, they don't understand that the odds are likely to be against them.

However, just because most lose, doesn't mean it can't be profitable. You just need to be aware that more likely than not, you're going to lose more than you win, or possibly even bankrupt yourself.

When it comes to games related only to luck and having a house edge, it is mathematically obvious that the longer someone plays, the more certain their loss is.
Only in games where, apart from luck, experience and knowledge that allow you to gain an advantage, can it be profitable.
That's why I think that in games related only to luck, such as, for example, slot machines or roulette, there is no possibility that they will be profitable over time. Games such as betting on sport or poker, along with growing experience and knowledge, can be profitable.

That is correct. The side which has the edge, however small it may be, will always prevail in the end. In the shorter term, it could happen that the lucky ones will get the upper hand, but we all know that luck cannot sustain. Sooner or later, it will be gone. House edge, on the other hand, remains in place.

But it does not mean that there are no winners on the players' side. I am talking about random games such as dice. Quite frankly, I am as curious as the OP why there are some who are regularly rolling that dice but keep on maintaining their net green. 

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Debonaire217
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April 15, 2020, 04:13:55 AM
 #192

Just like trading, most people lose because they don't understand what they are getting into. They don't understand odds and risk management, they don't understand that the odds are likely to be against them.

What do you mean understand the risk and odds? I think there aren't any ways in order to predict winning in gambling, or to somehow manage to control your winnings because in gambling, what we can just do is to limit our losses by being disciplined enough in betting enough amount of our funds. Winnings on the other hand is quite hard to get.


However, just because most lose, doesn't mean it can't be profitable. You just need to be aware that more likely than not, you're going to lose more than you win, or possibly even bankrupt yourself.

This is probably the reason why they think that house always win in this way. But I think considering to be aware that we aren't most likely win will not benefit us any good. If we are a normal person and we know we will not win, we will probably don't have a motivation to continue what we are doing. Sometimes, we need to be always positive and think of positivity when it comes to gambling and betting, this will allow us to continue playing despite of knowing the fact that the odds of winning isn't likely.
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April 15, 2020, 06:37:40 AM
 #193

in the long term you can't beat the house on the games based on luck. But I know few people (but only few) who manage to stay on the plus side year after year. But they gamble only on sport and play poker. They never play games based purely on luck.

How it will be possible for those few people. If there is an exception in luck based gambling that could be due to some illegal methods or due to some extraordinary super power. I agree that sportsbetting and poker are skill based gambling on-which anyone could stay profitable for year after year. But, like you mentioned on your first statement I guess it would be too difficult for anyone to be profitable in long run with luck based gambling.

I do not agree with OP. In my opinion, no one could win consistently yes even with skill based gambling. Because, for consistent winning you must have high level of discipline which may not be possible with an entertainment because there are plenty of chances for you to slip down somewhere when you are too excited about your entertainments.

Oh man, is my english really that bas that no one understand me? I said (the part in bold) that those people gamble only on sport games and play poker. So I don't understand where you read that they play luck based games?

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April 15, 2020, 06:39:20 AM
 #194

We all read threads where people say that it is impossible to win against the house because the edge that is always against a gambler.

But often when I am playing dice and I see chat and view stats of some gamblers there are actually some profiles that show profits while some show loss so my question is, do people actually make profits from dice or the stats are misleading or something?

And I am talking about regular gamblers who I mean are active in chat almost daily so it's not like they made profit once and stopped gambling, they are active and gamble almost every day so how some guys are managing profits while others are failing?

Self-moderation policy:
When you talk on-topic, we are all fine to go. May lock after considerable discussion. Thanks for understanding.
Yes of course, there are some some gamblers became rich because of gambling and because of winning jackpot prize. Even though on a simple gambling with low odds of winning we can still win, but actually the owner of the gambling website or the casino gambling because whatever happens they will still be the winner they will still have profit especially if there are so many gamblers try thr gambling.

But I have one question if you compare your winning prize and the money you spent in gambling, do you still consider yourself that you win the prize?
Bitcoinislife09
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April 15, 2020, 06:47:09 AM
Last edit: April 15, 2020, 06:18:51 PM by Bitcoinislife09
 #195

We all read threads where people say that it is impossible to win against the house because the edge that is always against a gambler.

But often when I am playing dice and I see chat and view stats of some gamblers there are actually some profiles that show profits while some show loss so my question is, do people actually make profits from dice or the stats are misleading or something?

And I am talking about regular gamblers who I mean are active in chat almost daily so it's not like they made profit once and stopped gambling, they are active and gamble almost every day so how some guys are managing profits while others are failing?

Self-moderation policy:
When you talk on-topic, we are all fine to go. May lock after considerable discussion. Thanks for understanding.
Surely if you are a beginner in gambling you surely have doubts when it comes to winning since most of the time when your a newbie you will loss a lot.
Gambling is a win or lose situation. In gambling you cannot be sure if you would win or lose. The beat thing that you can do in gambling is just gamble what you can. Do dot give all your coins because if you lose you will loss everything you have. In gambling if you gamble a lot and you won you will jave a lot. But if you gamble a lot and lose you will loss a lot. You will not always win daily because gamble is a luck. If you are lucky on that specific day you may win but if not better luck next time dude. In coins you must be intelligent in making decisions in able to succeed.
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April 15, 2020, 08:35:46 AM
 #196

We all read threads where people say that it is impossible to win against the house because the edge that is always against a gambler.

But often when I am playing dice and I see chat and view stats of some gamblers there are actually some profiles that show profits while some show loss so my question is, do people actually make profits from dice or the stats are misleading or something?

And I am talking about regular gamblers who I mean are active in chat almost daily so it's not like they made profit once and stopped gambling, they are active and gamble almost every day so how some guys are managing profits while others are failing?

Self-moderation policy:
When you talk on-topic, we are all fine to go. May lock after considerable discussion. Thanks for understanding.
Yes of course, there are some some gamblers became rich because of gambling and because of winning jackpot prize. Even though on a simple gambling with low odds of winning we can still win, but actually the owner of the gambling website or the casino gambling because whatever happens they will still be the winner they will still have profit especially if there are so many gamblers try thr gambling.

But I have one question if you compare your winning prize and the money you spent in gambling, do you still consider yourself that you win the prize?

I doubt that gamblers are going to answer that question, LOL.

Often times, gamblers are going to tell you story of their success, big wins or jackpots. However, when they are on a losing spree, then will keep quite about it because after all they don't want to be identified as a loser here, actually everyone does. So it is still a personal preference, and whether they want it to admit it our not, chances are most gamblers have lost so much money in their gambling journey.

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April 15, 2020, 10:30:56 AM
 #197

Just like trading, most people lose because they don't understand what they are getting into. They don't understand odds and risk management, they don't understand that the odds are likely to be against them.
This is one of the reason why people are losing but for me this isn't the main reason.

For me, people are losing because of their own attitudes. Most of the gamblers who are winning often becoming more greedy since they see that they can win more if they continue. They don't know that this is a trap for them. The problem for most of the gamblers is that, they don't have any plans if they are either winning or losing. If they win, they will still continue to gamble until they lose all of their money and if they lose some of them are going back to get their losses which is a wrong idea.

However, just because most lose, doesn't mean it can't be profitable. You just need to be aware that more likely than not, you're going to lose more than you win, or possibly even bankrupt yourself.
Gambling is a game of luck. All of the gamblers who got the jackpot are just lucky. Most of the people are losing in gambling but it can be profitable too as long as you have plans as you gamble. In the end, if you aren't lucky then you will not gain any money Cheesy.

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April 17, 2020, 02:07:25 PM
 #198

Gambling is a game of luck. All of the gamblers who got the jackpot are just lucky. Most of the people are losing in gambling but it can be profitable too as long as you have plans as you gamble. In the end, if you aren't lucky then you will not gain any money Cheesy.

I believe if you control your emotional and use proper plan toy can win. However mostly whenever people win a game will play with  the money once again and again until they lose and leave. that's just because people are greedy and this greediness will just never stop.

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April 17, 2020, 03:25:28 PM
 #199

Gamblers do win, even new gambler win but you cannot hear them talk their losses only their winnings, this is is to justify their gambling activity, I also do that every time I win, I tell my friends about it but kept quiet when losing, I guess it's part of defending mechanism of justifying why we gamble. 

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April 17, 2020, 08:52:38 PM
 #200

Gamblers do win, even new gambler win but you cannot hear them talk their losses only their winnings, this is is to justify their gambling activity, I also do that every time I win, I tell my friends about it but kept quiet when losing, I guess it's part of defending mechanism of justifying why we gamble. 
Same thoughts. In betting, the common probability is 50-50, it's either you win or lose. So obviously a gambler can win and nothing is unusual with that. People are not often to talk about winnings and losings when you're an avid gambler. Sometimes winning is not enough when your recent streak is a loss, so people don't bother to share it with others but normally people/gamblers win in gambling.
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