Gamblers lose more money than win.

[emmybd]

IT is a faulty thinking walking with belief that everyday gamblers leave card table or slot machine smiling, the opposite happens some days.

Wide range of studies reveals that gambling is not that simple, it encompasses both sorrow and joy. Truth is stubborn a lot of gamblers have suffered great loss, ranging from monetary value to real estate. Why gamblers lose more money than win?

Below are some illustrations detailing some of the hard-truth-factors:

First-Level-of-Lose in-Financial-Investment advice: Lose amount of money that you can afford to lose and you are happy parting ways with. A lot of gamblers fail to abide to this golden rule.

Casino Classy Environment: The influence of setup tricks such as beautiful-red-carpet, makes gamblers feel important aggravating passion to bet more and more at the end placing in unbudgeted money.

Free-Distribution-of-Drinks-and-Food: Freebies on food and drinks causes gamblers to feel valued and respected enjoying the offer, making gamblers place bet beyond their initial plan before getting drunk if beer is consumed. And everyone, in the room was drunk, casino would have a lucrative business deal as gamblers at poker matches feels the money which they could have spent on drinks and coffee better be placed as stakes on roulette.
Bonus: Online casino uses different tricks contrary to those used in in brick by brick and mortar casinos of wooing gamblers one of which being bonus. After playing a number of games, the online casino will give some free games. Gamble player enjoys with high possibility of continuing with paid ones after completing free steaks.

Failure-To-Walk-Away: Gamblers spirit failure to walk away after win game, instead bet further with hope of more wins until the won money is finished. In 2009 survey findings by researchers from University of Stanford in California, found that around 92% of people who do casino gambling are addicted.

Mark Griffiths specialist psychologist at Nottingham Trent University in behavioral and addiction explains in a survey of 5,5000 gamblers hopes of winning big money was greatest factor.

[ice098]

That  will happen if we let our greediness ahead of us, it can be very fatal to a human, I mean we all know that emotions is a big factor in everything, if we can't handle this correctly it's either it can make us greedy, make us frustrated or both, if these thing happens, expect loses and addiction, that is very hard to remove in our mind, we need to control our mind and body, just play and have fun rather than play and get frustrated.

[samcrypto]

We always chase our loses and we are greedy most of the time in gambling, which is so hard to stop. The casinos job is to entertain us but more importantly to collect money from us, and they have to invest on good machines, and a more elegant design so many will feel comfortable playing with them and we cannot blame them for that. If you really want to win in gambling, stop playing because as long as you play time will come for you to lose money.

[covfefe_]

Gamblers loses more money than they win due to the house edge. You can get lucky some day, unlucky some day but on the long run you'll loss equal to the average house edge you play with.
Taking out profit and not coming back ever doesn't work with gambling as once people get the taste of it, they can't stay way, specially when they have won. The best way to limit your win or loss is to make your budget and limit, just like trading, you could make rules to take profit and loss on fixed percentage change.

[Bttzed03]

IT is a faulty thinking walking with belief that everyday gamblers leave card table or slot machine smiling, the opposite happens some days.

Not some days but most days.

It's about the house edge as already mentioned above. Even a 1% house edge would mean long term profit for these casinos and losses to players. I can't say for sure but people who play casually on slots and other games relying solely on luck aren't even aware of the RTP (Return To Player) percentage.

Of course, it is only natural for casinos to provide the best possible experience to their customers while taking their money

[Findingnemo]

Obviously gamblers are losing more than their win if we calculate the net difference in the total rewards paid to the total bet amount and that is how the gambling casinos or sites survive here and making profits.Its not a rocket science to understand it either for most but still they prefer to gamble because they feel that they are lucky and can win more money from their betting amount.

[Jawhead999]

That's the fact that must be faced to every gamblers. If gamblers win more than the casino, there's no casino will survive since they were in bankrupt. Instead of house edge, provably fair system should be considered before start to gambling. If it's not really fair, then you could lose more than it does.

[ethereumhunter]

People playing gambling because they want to make money, but the fact, they lose their money. If they continue playing gambling, that will make them get more losses, but they don't care because they only want to try to make money. They forget about using the money that they can afford because they still use more money to expecting of making money.

They will feel great to stay at the casino because the casino gives them good services to their customer, and that is why the gambler enjoy their staying at the casino.

[Yamifoud]

The truth prevails behind gambling and how they survive. I don't think gamblers never had noticed that but seems they never mind instead, they'll keep on gambling for they are also seeking luck and might win the jackpot. But wondering why there is a huge increase in the numbers of gamblers? Because gambling is not all about how much we win or how many times we lose but this is all about how we please ourselves from a load of work at home or at the office.

[plvbob0070]

I think most gamblers are already aware that we lose more than what we win in gambling, yet we continue gambling because some gamblers want to get back what they lost. Like you have said, gambling is not simple because aside from playing, we also need to control our emotions, greed, and to have proper management of our funds. The factors you mentioned is a common strategy for casinos because that's their way to attract and lure gamblers to keep on gambling for them to earn more profit. But it's up to us how are we going to control ourselves from too much temptation.

[cabron]

Classy environment and women around, it's a perfect place to impress a woman with the huge bets you can do.

We still keep playing even we lose a lot. I lost more than what I won over the years of just playing dice and lottery. When I have the BTC to play I always think of stopping my bets after I win and double the amount I have. Come the time when I have already doubled, I withdraw some of the winnings but came back to bet again and then deposit back the amount I just withdraw and eventually lose it all. 

[fortunecrypto]

IT is a faulty thinking walking with belief that everyday gamblers leave card table or slot machine smiling, the opposite happens some days.

You can leave the table still smiling if you know how to enjoy the game

Wide range of studies reveals that gambling is not that simple, it encompasses both sorrow and joy. Truth is stubborn a lot of gamblers have suffered great loss, ranging from monetary value to real estate. Why gamblers lose more money than win?

That is why gamblers should first learn and understand that they should only gamble what they can afford to lose, if you don't make it your mantra, you will keep on adding funds until you realize that you have nothing left

Casino Classy Environment: The influence of setup tricks such as beautiful-red-carpet, makes gamblers feel important aggravating passion to bet more and more at the end placing in unbudgeted money.

Casinos do this because you are their cash cow and they want you feel comfortable so you will prefer to stay on and bet more, people always want to be in a place where they are very comfortable

Failure-To-Walk-Away: Gamblers spirit failure to walk away after win game, instead bet further with hope of more wins until the won money is finished. In 2009 survey findings by researchers from University of Stanford in California, found that around 92% of people who do casino gambling are addicted.

It has something to do with strike while the iron is hot and it's my lucky day thing, they always want to extend their winnings problem is they do not know where their limits are.

[Becky666]

Classy environment and women around, it's a perfect place to impress a woman with the huge bets you can do.
<snip>

You just got my attention from the above line, the reasons why many lost in my presence are the listed in OP. In one of my favorite gambling casino here in Abuja FCT name withheld, women and freebies are always surplus and this has wrecked thousands of gamblers around the AMAC areas of Abuja FCT. Freebies are good but when including the women in a fancy gambling casino environment always bring disasters, i have witnessed this several times in my gambling history, and i won't gamble when there are such again. Impressing these feminist in gambling environments aren't a good stuff, anyone(gambler) can do the un-do per time. Don't remind me of my past  

[Mauser]

I think most gamblers are already aware that we lose more than what we win in gambling, yet we continue gambling because some gamblers want to get back what they lost. Like you have said, gambling is not simple because aside from playing, we also need to control our emotions, greed, and to have proper management of our funds. The factors you mentioned is a common strategy for casinos because that's their way to attract and lure gamblers to keep on gambling for them to earn more profit. But it's up to us how are we going to control ourselves from too much temptation.

I would argue that the majority of gamblers might lose on average over a longer period of time, but these loses are usually fairly small. The expected value on most games is usually 80-95 cents on the dollar. So if we gamble every month with 100 USD we should atleast earn 80 USD back. This of course is just the average gambler. There are also the lucky few who end up winning the jackpots and make a lot of money.

[robelneo]

IT is a faulty thinking walking with belief that everyday gamblers leave card table or slot machine smiling, the opposite happens some days.

Wide range of studies reveals that gambling is not that simple, it encompasses both sorrow and joy. Truth is stubborn a lot of gamblers have suffered great loss, ranging from monetary value to real estate. Why gamblers lose more money than win?

It's a fact because if many gamblers are winning than losing, the gambling casino business will not look lucrative anymore, I notice your point are all about gambling in physical casinos, all your points are correct gambling casino operators employ a lot of strategies to make the gambler bet a lot, stay longer, the longer they stay is favorable to the casino, because in the long run, gamblers cannot keep up and there will be a point of time or their bet that they will succumb to losing, because of physical and mental tiredness, so don't be surprised if on your first visit in a gambling casino, you don't see windows or clocks.

[Yudhisthir]

Gambling should always be taken as an entertainment than on wining and losing and you'll not lose much.
Whether you win or lose, you'd never be satisfied. If you won, your greed would make you gamble more and may eventually lead you to lose more. If you lose, you'd always add that up even if you are winning and count yourself in loss and keep on going with larger bets which means larger chances of losing. Win or lose should not be taken seriously in gambling an gambling that much which you can afford to lose.

[tyz]

For this I don't need any studies but actually only a clear mind. Why are there so many casinos (online and offline) that are able to spend a lot of money on sponsoring and advertising? Simply because it is extremely lucrative. And that can only mean that the majority of the players lose and only a small part wins. So it is clear that without luck and professionalism it is a losing business for gamblers, not for gambling sites. Whoever believes otherwise is a fool.

[onrise]

My personal experience is being that overall if I compare the win and losses in 2020 its more of a loss than win. I do maintain the list so that by each end of the month I know the status of my wins and losses. Also, this is the way which is helpful to me so that I do not get addicted and know exactly where to stop. though I play for my entrainment purpose and do not treat gambling as it is just to make money from it.

[Gozie51]

On a large comparison, loses are more than winning. Although people win but the rate of loses is higher than. For gambling, the owners make more money than the players and this tells us that it is a business. Business is for profit and owners do whatever it takes to get their profit, if no profit in the venture, they will pickup in it. It definitely means the owners should gain more than they pay out to winners.

[ecnalubma]

Casinos are business and they will continue to make money every gambler plays. People think they can beat Casinos but rather they are victims of their greed, the feeling that you had already won but your not contented then you want to gamble more hoping to multiply you winnings but it in the end you’ve just lost it all.