Fate or lack of control - Gambling

[hulla]

First and foremost using gambling as a source of income is never advisable and it's one of the first Dont's of gambling because it can cause collateral damage.

Of course it would be wrong if a gambler considers gambling as a place for a source of income. If so, they should be consulted to change their mindset at gambling. But I don't want to blame those who are used to it, they will shape their own destiny on gambling.

This is not about blaming them but inform them of the possibilities of what will happen to them because they will only shape their destiny in a negative if they are not informed about what will happen to them through the lack of control in gambling.

First and foremost using gambling as a source of income is never advisable and it's one of the first Dont's of gambling because it can cause collateral damage.

Of course it would be wrong if a gambler considers gambling as a place for a source of income. If so, they should be consulted to change their mindset at gambling. But I don't want to blame those who are used to it, they will shape their own destiny on gambling.

However, I said earlier gambling is not for everybody because it was meant for people who can deal with the risk involved in the game not people who will turn it into an addict or blame the provider for his own mistakes.

I think it is true, for activities that risk money, they must consider the risk and accept the consequence. Gambling is a place where our money is always on the verge of defeat and victory. Skill only minority supporter, luck is expected and decisive.

So there is no harm if they are used to it, because with them being used to gambling I'm sure they must have their own way when losing at gambling. Therefore, when they have control then making gambling as a source of income might be fine for those who are used to it but indeed, the most important thing is not to make gambling a source of income because after all gambling is just for fun with any outcome that will be obtained.

You make a point but this is about gamblers who are used to gambling but lack control and the last time I checked those gamblers don't have their own way whenever they lost the game. However, no individual that uses gambling as a source of income doesn't experience trauma at some point.

[Viscore]

Don't bet on games with house edge if you want to be a successful gambler, that's the main recipe to success. Slots, roulette and even dice with a house edge of 1% , you will still lose, lower house edge better chance to stay longer in gambling but in the long run you will still loss.

Reality is necessary, we will only know it if we understand what our real chances, that's why I focus on sports betting now as I think there's no house edge in this kind of game, some may say there is but I say there's none.

How do you explain your point that there is no house edge in sports betting?
That means that if you bet on two completely opposite outcomes at the same time, as long as there is no third choice, you do not risk anything? That, however, is not the case.

I think every bookie has to have a house edge. Otherwise, they would lose their liquid assets very quickly.

That's a valid point, if you compared the opposite side you'll see the house edge, but if you just look at one betting odds, then you might not feel the house edge if you bet on odds higher than +100... but remember there are bettors on the other side, and you getting +100 that doesn't mean the opposite bettors will get the same, probably -110 or -120 which is the favorite team or player.

Maybe this article help to explain further.

https://tunicatravel.com/blog/2018/08/sports-betting-and-house-edge/

It's very obvious that bookies makes money from our bet, that's what they called a commision, they don't actually have a bankroll like casinos where a player betting against the casinos bankroll, sports betting is quite different but bookies definitely make money as gamblers bet on diffrent sites and bookies adjust the odds accordingly to balance the action.

[Fortify]

As you mentioned dice in particular, there is no "trick" that you can pull that will be able to beat a random number generator working with a fixed ratio payout. Many sites are fully up front about the amount they will keep from all bets, maybe something like 96% is paid back to the user. There are strong psychological urges that cause people to keep gambling - raising the stakes when they have lost previously in an effort to recoup lost money, thinking that they will just need that one big win to be able to beat the casino, or that they have found some special skill or formula that is actually guaranteed to fail. It does stem back to lack of self control, just like people who smoke, take drugs, drink alcohol or do any number of activities that are bad for you when out of control. However personal circumstances can create this instability and may drive people to take such desperate actions.

[Fredomago]

As you mentioned dice in particular, there is no "trick" that you can pull that will be able to beat a random number generator with a fixed ratio payout. Many sites are fully up front about the amount they will keep from all bets, maybe something like 96% is paid back to the user. There are strong psychological urges that cause people to keep gambling - raising the stakes when they have lost previously in an effort to recoup lost money, thinking that they will just need that one big win to be able to beat the casino, or that they have found some special skill or formula that is actually guaranteed to fail. It does stem back to lack of self control, just like people who smoke, take drugs, drink alcohol or do any number of activities that are bad for you when out of control. However personal circumstances can create this instability and may drive people to take such desperate actions.

The very side effect of this heavy engagement, addiction inside your mind keeps you think that you are capable of beating the house, with one lucky strike you can simply recover all those losses, the very fact that leads you to bring more money inside the house only to ends up losing it all.

There's no hidden tricks or strategy that will last for long, unless you are a type of a person who can really control your emotions, it saves you to continue when things isn't favoring your side or when you are already got something decent, it will actively reminds you to quit though only few experienced gamblers have that and the most are in-denial that they are already addicted and losing most if not all their savings.

[Mahanton]

As you mentioned dice in particular, there is no "trick" that you can pull that will be able to beat a random number generator with a fixed ratio payout. Many sites are fully up front about the amount they will keep from all bets, maybe something like 96% is paid back to the user. There are strong psychological urges that cause people to keep gambling - raising the stakes when they have lost previously in an effort to recoup lost money, thinking that they will just need that one big win to be able to beat the casino, or that they have found some special skill or formula that is actually guaranteed to fail. It does stem back to lack of self control, just like people who smoke, take drugs, drink alcohol or do any number of activities that are bad for you when out of control. However personal circumstances can create this instability and may drive people to take such desperate actions.

The very side effect of this heavy engagement, addiction inside your mind keeps you think that you are capable of beating the house, with one lucky strike you can simply recover all those losses, the very fact that leads you to bring more money inside the house only to ends up losing it all.

There's no hidden tricks or strategy that will last for long, unless you are a type of a person who can really control your emotions, it saves you to continue when things isn't favoring your side or when you are already got something decent, it will actively reminds you to quit though only few experienced gamblers have that and the most are in-denial that they are already addicted and losing most if not all their savings.

Most people would really be having that denial type where they do say that they arent addicted but basing off on what theyre doing then it can really be considered as one.
Beating up the house is something that could only happen in dreams but there are instances that the possibility is there is on when extreme luck is on your side.

You should know on what youre doing with your finances because gambling could really whooped your ass if you arent that wise on securing everything that you had won.
Dont chase up losses because this is one of the most common factor there people do commits.

[lixer]

I believe gambling requires such a high level of control that not many people may achieve that and I understand it. I have gambled for over 10 years now (and most of it on crypto as well) and I can tell you that I have failed to control myself so many times before, obviously I am much better at it right now, but even just last month I had a moment when I got angry at a loss and got involved a lot bigger bets to make it back and lost all my deposit there.

This is as one of the most rookie mistakes as anyone can make and I think haven't done that in years but I still did it recently, why? Because we are all humans so lack of controlling our emotions do happen time to time and we should not be shocked about it. Obviously we are going to be a bit better with time but we should also be accepting towards our own mistakes when they happen.

[Vaculin]

I believe gambling requires such a high level of control that not many people may achieve that and I understand it. I have gambled for over 10 years now (and most of it on crypto as well) and I can tell you that I have failed to control myself so many times before, obviously I am much better at it right now, but even just last month I had a moment when I got angry at a loss and got involved a lot bigger bets to make it back and lost all my deposit there.

This is as one of the most rookie mistakes as anyone can make and I think haven't done that in years but I still did it recently, why? Because we are all humans so lack of controlling our emotions do happen time to time and we should not be shocked about it. Obviously we are going to be a bit better with time but we should also be accepting towards our own mistakes when they happen.

We learn from our mistakes, that's what matters most and as we go further, we are more matured already to stay dicipline and only risk what we can afford to lose. Me as well, I have some bad times in gambling, I loss control and loss what I was not suppose to lose, but my journey will not end from that, blaming myself and learning is important, not other people or the other way around.

[KTChampions]

The funny thing is that if these people later got rid of their addiction but did not find themselves some other interesting occupation, they recall the old days with nostalgia - after all, they had a goal and an eager thirst for gambling. They experience such emotions even though they realize it was an unhealthy condition.

If they can get another occupation instead of gambling as their job, they will have a better life. At least, they can get paid weekly or monthly, so they don't have to risk their money by playing gambling. They can recall the old days when they were playing gambling before, and they can tell the story with the other people, and they can also suggest them not to playing gambling very often. That will help other people know the risk of playing gambling and prevent losing money.

This is ideal, but I have met very few people who have a lot of fun with their work (especially after several years in the same place). These are very different things in terms of the received emotions and I do not think that work can completely replace any of the harmful addictions.

[Becky666]

It is easy to write and comment on the topic but I would like to see you guys the moment your sweat is cold and you are about to do your next move before losing everything. In theory, everything should be under control right? But when you gamble you face reality, and that can hit you very bad.

I think most of these is to increase their post count sincerely, becasue this issue with gamblers doesn't seem easy to do away with once you are addicted. The lack of control means all; your winnings won't stay with you, they will all be use for gambling and when they all disappear then the gambler will then believe on fate which i see not reasonable. If it's addiction better get it treated before it worsen.

[JoMarrah Iarim Dan]

Some say it is the lack of control that makes them loss big.

I believe in that. Let us say we have two situation here

Situation 1 : You aim to win despite of having multiple losses already.
Because your mindset is to win, due to lack of control, you cannot make yourself stop playing. Younmay think that you will gain all your losses if you keep playing until you win so its a tie. But instead of reaching your goal, you just keep losing due to possible of bad temper you can't think what is right on what you doing. So we did not control ourselves on that greed.

Situation 2 : You already win but you aim more.
Sometimes we become greedy if we won. We already have money but we want more so we are going to use the money we received instead of saving it. But winning does not always come on the same time or same day. Instead of making the money grow, money will just disappear that fast.

[Ultegra134]

Some say it is the lack of control that makes them loss big.

I believe in that. Let us say we have two situation here

Situation 1 : You aim to win despite of having multiple losses already.
Because your mindset is to win, due to lack of control, you cannot make yourself stop playing. Younmay think that you will gain all your losses if you keep playing until you win so its a tie. But instead of reaching your goal, you just keep losing due to possible of bad temper you can't think what is right on what you doing. So we did not control ourselves on that greed.

Situation 2 : You already win but you aim more.
Sometimes we become greedy if we won. We already have money but we want more so we are going to use the money we received instead of saving it. But winning does not always come on the same time or same day. Instead of making the money grow, money will just disappear that fast.

Both scenarios are equally bad and unfortunately, quite common. However, the first scenario probably one of the most reoccurring, and one I've also had myself. I remember losing two times in a row in Bustabit, made me furious and decided to make a third bet. I couldn't hold myself, I've lost 2/3 of my balance and decided to go all in the third bet, I genuinely thought that since I've lost two times in a row, chances are that I'd win the third one.

Well guess what, I didn't.
 

[Fredomago]

Most people would really be having that denial type where they do say that they arent addicted but basing off on what theyre doing then it can really be considered as one.

Unwilling to admit and keep trying to denied the fact, but in their actions they are really doing all the signs of addictions.

Beating up the house is something that could only happen in dreams but there are instances that the possibility is there is on when extreme luck is on your side.

Only a dream and most of the time when luck comes around greed also comes up with it, instead of bringing good amount of money
out from the house, you findyourself losing back everything.

You should know on what youre doing with your finances because gambling could really whooped your ass if you arent that wise on securing everything that you had won.

The danger behind this addicition, when you engaged to much, you'll suffer the most as it can emptied everything inside your savings.

Dont chase up losses because this is one of the most common factor there people do commits.

Chasing that loss brings aggressions that leads you to lose more.

[Mahdirakib]

I believe gambling requires such a high level of control that not many people may achieve that and I understand it. ~

Even people with the high level may loss his control at some points. I'm in crypto gambling it's more than 4 years, and I have experienced it too. I found it hard to stop and move on with the profit. It makes me greedy and I stop the game after losing all my balance. Lack of control is the main reason behind this. Our fate changes in time to time. By having proper control over our gambling habit we can make the best use of our luck and maintain profit always. At present I gamble less than earlier.

[freedomgo]

I believe gambling requires such a high level of control that not many people may achieve that and I understand it. ~

Even people with the high level may loss his control at some points. I'm in crypto gambling it's more than 4 years, and I have experienced it too. I found it hard to stop and move on with the profit. It makes me greedy and I stop the game after losing all my balance. Lack of control is the main reason behind this. Our fate changes in time to time. By having proper control over our gambling habit we can make the best use of our luck and maintain profit always. At present I gamble less than earlier.

We have a different experience though, I feel its not good to stop when I'm losing, so I chase my bets hoping I can win them back but sometimes it just happen that I did not notice I already lose all my bankroll, still that is considered as greediness and I considered it as a mistake to correct.

[Silberman]

Don't bet on games with house edge if you want to be a successful gambler, that's the main recipe to success. Slots, roulette and even dice with a house edge of 1% , you will still lose, lower house edge better chance to stay longer in gambling but in the long run you will still loss.

Reality is necessary, we will only know it if we understand what our real chances, that's why I focus on sports betting now as I think there's no house edge in this kind of game, some may say there is but I say there's none.

How do you explain your point that there is no house edge in sports betting?
That means that if you bet on two completely opposite outcomes at the same time, as long as there is no third choice, you do not risk anything? That, however, is not the case.

I think every bookie has to have a house edge. Otherwise, they would lose their liquid assets very quickly.

And you are right there are no bets that do not have a house edge, casinos are not charities they are in business to make money as every other single business around the world and yet we accept the fact we are playing at a disadvantage because we are interested in having fun or the few professional gamblers out there are convinced they can beat the casino despite the adverse odds, by the way there are many people that believe there is not a house edge on sports bets for some reason when this can be easily demonstrated to be false.

[molsewid]

We learn from our mistakes, that's what matters most and as we go further, we are more matured already to stay dicipline and only risk what we can afford to lose. Me as well, I have some bad times in gambling, I loss control and loss what I was not suppose to lose, but my journey will not end from that, blaming myself and learning is important, not other people or the other way around.

It is inevitable that even though how much we control ourselves when it comes to gambling committing mistakes and experiencing losses was always be there. But what was the most important part or thing about it was the experience and the lesson learned that we have gained all through out the journey. But it still important that we didn't forget to have a self control in gambling because it is one of the way to prevent ourselves from huge losses.

[michellee]

We learn from our mistakes, that's what matters most and as we go further, we are more matured already to stay dicipline and only risk what we can afford to lose. Me as well, I have some bad times in gambling, I loss control and loss what I was not suppose to lose, but my journey will not end from that, blaming myself and learning is important, not other people or the other way around.

It is inevitable that even though how much we control ourselves when it comes to gambling committing mistakes and experiencing losses was always be there. But what was the most important part or thing about it was the experience and the lesson learned that we have gained all through out the journey. But it still important that we didn't forget to have a self control in gambling because it is one of the way to prevent ourselves from huge losses.

Having much experience in gambling can make us strong to survive and we will not lose control of ourselves. We have the experience of losing money, but we also have the experience to control ourselves before losing more money. Sooner or later, we will have a strong discipline that really needed in gambling, preventing us from losing bigger money. If a gambler can not learn from his mistake and can not take that lesson to mature and know what needed to stop gambling, he will lose more money and something important for his life.

[bitzizzix]

We learn from our mistakes, that's what matters most and as we go further, we are more matured already to stay dicipline and only risk what we can afford to lose. Me as well, I have some bad times in gambling, I loss control and loss what I was not suppose to lose, but my journey will not end from that, blaming myself and learning is important, not other people or the other way around.

It is inevitable that even though how much we control ourselves when it comes to gambling committing mistakes and experiencing losses was always be there. But what was the most important part or thing about it was the experience and the lesson learned that we have gained all through out the journey. But it still important that we didn't forget to have a self control in gambling because it is one of the way to prevent ourselves from huge losses.

Self-control is easy to say but difficult to apply, so it takes strong consistency to be able to apply it and play calmly in any situation so that self-control is easy to apply.
everyone will learn from experience because experience will make things better and more careful, and I practice self-control by taking deep breaths when ambition comes and trying to neutralize the situation to calm myself down when betting.

[South Park]

If there are gamblers who say their defeat is due to fate, it means that they cannot accept the losses suffered due to their own decisions.
Because our fate depends on our actions, therefore if we don't want to experience big losses when playing gambling. We must be able to
control ourselves when playing gambling, not to overdo gambling and get addicted. Actually experiencing losses in playing gambling is
a natural thing, because it is impossible for us to always profit when playing gambling. Or don't play gambling at all, if we are afraid of
experiencing losses when playing gambling.

Anyone trying to blame fate is just trying to shift blame away from himself and just wants to get sympathy as this was something that was happening to him no matter what this person did, and as you may guess this is not true, people need to accept the responsibility for their actions, if they do not do it then they are going to keep making the same mistakes many times and once they finally learn their lesson it could be too late for them as the losses they would have accumulated over that period of time will be too high.

[Fredomago]

If there are gamblers who say their defeat is due to fate, it means that they cannot accept the losses suffered due to their own decisions.
Because our fate depends on our actions, therefore if we don't want to experience big losses when playing gambling. We must be able to
control ourselves when playing gambling, not to overdo gambling and get addicted. Actually experiencing losses in playing gambling is
a natural thing, because it is impossible for us to always profit when playing gambling. Or don't play gambling at all, if we are afraid of
experiencing losses when playing gambling.

Anyone trying to blame fate is just trying to shift blame away from himself and just wants to get sympathy as this was something that was happening to him no matter what this person did, and as you may guess this is not true, people need to accept the responsibility for their actions, if they do not do it then they are going to keep making the same mistakes many times and once they finally learn their lesson it could be too late for them as the losses they would have accumulated over that period of time will be too high.

Before you enter this business make sure that you also have good control with emotions.
A lots of gamblers lose a huge amount of money because of irresponsible gambling activities.

You can't blame anyone with your mistake you simply need to accept and move forward, make sure to learn from your actions.

With your good judgement you either continue or quit, else, you'll have to face all the consequences.