Why most gamblers can never hold onto big bag?

[tbterryboy]

This is a interesting topic but the answer is pretty simple, imagine knowing a gold mine and you are allowed to carry gold but if you are caught then you have to forfeit all gold and pay what you had, its almost similar to that where you win some money then you feel for more and go for it if you achieve the cycle continues itself. Now unless your luck exceeds all limits and you bankrupt the bankroll of the casino there is no realistic way of how you would stop. That is often the problem with easy/free money people get greedy and loose all, this is also the concept of how most of the ponzi out there works, they pay you some interest and you invest again this continues until one day they decide the amount is enough to run away with.

The only possible way to hold with a big win is that you must take a break for gambling and realize that what you win is already pretty significant and chasing more profits can make you loose it all.

[tabas]

The only thing which comes to my mind is that gamblers in general are greedy. That's the only reason they always lose the profit which they gain from winning.

It's part of gamblers' thinking. We all want to earn and win that's why it's your responsibility to control yourself. If you lose control, you actually lose the money you're gambling.

If gamblers overcome the habit of greediness, they can earn good amount of money from gambling.

And also can lessen losing.

[AicecreaME]

This is how casinos operate for the most part. They take advantage of the psychology of addicts, or even normal players, who don't know when to quit. A classic example being blackjack which has by far the lowest house edge of any table game in the casino. Even though over time it's meant to be profitable for operators because of the house edge, the game still takes advantage of people that go bust because of greed.

Giving back what you win is almost inevitable which is why you should only gamble for fun, not to make money.

Not going to argue with the "gamble for fun" part, cos  those are my thoughts too. But I think that when we say that something is inevitable we should specify, during what period of time. I mean, you can go bust in a matter of minutes because of bad luck, but, however hard I tried, I failed to find any reliable information on after how many bets you are guaranteed to lose to the house. I have an impression that it is something closer to billions rather than to hundreds. And it really makes me laugh when someone who lost $200 to a roulette game within just 50 spins is told by his friends: "There's a house edge! What were you expecting?!"

I will always disagree in this mindset "Gamble just for fun" to avoid things you don't wanted, okay? but we still cannot deny the fact that even though we're having "fun" (pun intended) we are still going to lose most of our money whether we burst our bets or not, that's the truth. Now, if you guys are saying that there would be no hard feelings that way, I must again disagree, because that is not applicable to everyone who gamble.

Not all of the people could enjoy gambling especially those people that don't have plenty of money. Most of the gamblers who can do that are those well privilege when it comes to wealth, since money is not a problem to them at all, they can gamble all they want, they can lose any amount of money and still, it's okay for them.

[Clark05]

I think he need to have control hiself on playing and remind him that he better to have controlling his self on betting amount of money.
It is bad that it happen to him that his winnings amount are lose including the capital that is the reason of the others why losing more money in gambling suggest to him that once he got win withdraw the others.

[mirakal]

I think he need to have control hiself on playing and remind him that he better to have controlling his self on betting amount of money.
It is bad that it happen to him that his winnings amount are lose including the capital that is the reason of the others why losing more money in gambling suggest to him that once he got win withdraw the others.

Control is the most important, for some gamblers they need to make mistakes in order to learn but if they will keep making mistakes then they can expect that they are going to regret their wrong action in the long run.

The experience of OPs friend is not new to us gamblers, in my case, I have a very bad experience in gambling too and that leads me to being responsible now, my experience was more on I continue gambling when I am losing until I lose beyond my budget in gambling.

[deisik]

Not going to argue with the "gamble for fun" part, cos  those are my thoughts too. But I think that when we say that something is inevitable we should specify, during what period of time. I mean, you can go bust in a matter of minutes because of bad luck, but, however hard I tried, I failed to find any reliable information on after how many bets you are guaranteed to lose to the house. I have an impression that it is something closer to billions rather than to hundreds. And it really makes me laugh when someone who lost $200 to a roulette game within just 50 spins is told by his friends: "There's a house edge! What were you expecting?!"

I will always disagree in this mindset "Gamble just for fun" to avoid things you don't wanted, okay? but we still cannot deny the fact that even though we're having "fun" (pun intended)

Could you explain where's pun here? I'm a big fan of those and just want to know what I'm missing (other than pun and fun rhyming perfectly)

Not all of the people could enjoy gambling especially those people that don't have plenty of money

If we think about that, it more and more starts to look like a self-defeating argument

Really, if you don't enjoy gambling as a process, i.e. you are not an adrenaline junkie of sorts (as most gamblers are deep down inside) and you are continually losing to the house, which is kinda set in stone (at least as long as we are talking about games of chance, e.g. dice), then what forces you to come back and play again? It simply makes no sense unless you get a kick out of it, even if it is an emotional roller coaster (at first you feel exalted and then depressed)

[Barcode_]

This is a interesting topic but the answer is pretty simple, imagine knowing a gold mine and you are allowed to carry gold but if you are caught then you have to forfeit all gold and pay what you had, its almost similar to that where you win some money then you feel for more and go for it if you achieve the cycle continues itself. Now unless your luck exceeds all limits and you bankrupt the bankroll of the casino there is no realistic way of how you would stop. That is often the problem with easy/free money people get greedy and loose all, this is also the concept of how most of the ponzi out there works, they pay you some interest and you invest again this continues until one day they decide the amount is enough to run away with.

The only possible way to hold with a big win is that you must take a break for gambling and realize that what you win is already pretty significant and chasing more profits can make you loose it all.

I think it is almost impossible for the players to deplete the entire bankroll of the casino, as I know some of the online casinos are allowing investors to invest their money into the casino bankroll. This would enable the casino owners to have more bankroll available for their operation, and even if a player got lucky and hit a big winning streak and won himself huge amount of money, he would eventually lose all the money back to the casino if he choose to play against the casino for long period of time.

[deisik]

I think it is almost impossible for the players to deplete the entire bankroll of the casino, as I know some of the online casinos are allowing investors to invest their money into the casino bankroll. This would enable the casino owners to have more bankroll available for their operation, and even if a player got lucky and hit a big winning streak and won himself huge amount of money, he would eventually lose all the money back to the casino if he choose to play against the casino for long period of time

That ultimately depends on the proper bankroll management

If this management is good, the max bet amount (and thus how much you can win) is tied to the bankroll size, with a decent safety margin (there are mathematical models for that). So if someone wins really big, the casino will have to diminish the max win to keep up the sustainability of its operation. However, this is not always the case, and there are quite a few examples when casinos were ruined by a deep pocket with a bottomless purse

[Distinctin]

I think he need to have control hiself on playing and remind him that he better to have controlling his self on betting amount of money.
It is bad that it happen to him that his winnings amount are lose including the capital that is the reason of the others why losing more money in gambling suggest to him that once he got win withdraw the others.

Control is the most important, for some gamblers they need to make mistakes in order to learn but if they will keep making mistakes then they can expect that they are going to regret their wrong action in the long run.

The experience of OPs friend is not new to us gamblers, in my case, I have a very bad experience in gambling too and that leads me to being responsible now, my experience was more on I continue gambling when I am losing until I lose beyond my budget in gambling.

That is really a worse scenario. I know losing isn't the end of our gambling life but being out of control because we are desperate about the losses we have and we want it to recover, it gonna be worsening at all. It for sure you have learned it already and I supposed to think that it changed your mindset and becoming more responsible in your gambling life.
Its a lesson and learn, we can't correct our mistakes if we don't find a solution to it.