Fate or lack of control - Gambling

[acquafredda]

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.

[l3pox]

definitely, that's a nice topic to discuss
makes sense that with pure luck games you can only control your risk management and emotions so you don't go broke, but you can still have an 'unluck sequence' of bets and lose it all, that's why imiting available bankroll for that is a must

Controlling ourselves in gambling will be above everything because that is one thing that we must have. Otherwise, we will lose everything that we have. But it can be a fate for us to losing money from gambling, especially if we do not remember when to stop playing gambling. We must realize that playing gambling can make us losing money slowly or faster, depend on how much money we use to bet.

Gambling games that rely on luck are only excessive curiosity and make you feel like you want to continue playing out of curiosity.
without realizing what you do will gradually drain the money you have and you have to be able to control it because that is the allure of the game of luck, having a curiosity that keeps you playing.
when luck is on its side, people don't realize how many defeats have been missed, and self-control should be on us when we start playing.

yes!
interesting how we can cross this concept with high leverage trading
heard from traders that are friends of mine: "but before losing it all I won 8 times in a row", just like Taleb's character's, not Nero's one, on the book "Fooled by randomness", when losing it all due to bad risk management

[Twentyonepaylots]

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.

That is why self-control is very essential in gambling, whatever the game is. If you don't know how to control yourself, you'll just lose all your winnings, maybe even lose all of your money. Regardless of how much you win or lose, if you have the ability to control yourself, you are automatically winning, because through that you will be able to recoup losses with decisive wins, and control losses as well.

[Swopon]

Some used to pacify themselves with the term it is their fate to loss in gambling. Some say it is the lack of control that makes them loss big. Here I'm taking this into discussion relative to the game - Dice.

Same as this some used to mention winning as fate and some term the same as luck. I believe win out of dice is trick, and right exit strategy.

What is the truth in this regard, because users like me are always go lack of control even when luck is on our side. End of the day used to pacify thyself terming it as our fate and move on. Hope you guys don't do this mistake.

In this regard, you can't blame the fate. If you lose a big amount then I will say it is caused for lack of your control or knowledge. Fate indicates the destiny and losing funds can't be a Destiny. I am not a regular gambler and didn't even lose huge.

[lienfaye]

In this regard, you can't blame the fate. If you lose a big amount then I will say it is caused for lack of your control or knowledge. Fate indicates the destiny and losing funds can't be a Destiny. I am not a regular gambler and didn't even lose huge.

The one who control our fate is us. We cant lose money if we dont gamble, thus its our own decision to risk the money that we have in order to play (regardless of the reason on why we gamble).

But if we are already playing, the outcome depends on luck or your fate. I believe no matter how good you are as a gambler your chances to win depends how lucky you are. Just like in lottery, its a one in a million chances to win, if you're destined to be lucky then you might hit the jackpot.

[Silberman]

I think it is both, a person will need to be extremely ignorant about gambling to not know that the casino has an edge over them, we all know that, so why people still keep losing more money than what they are willing to lose when they gamble despite knowing this obvious fact? And the answer is very simple, people are not rational every single second of the day, we take a lot of decisions based on our emotions and while there are circumstances in which that is the correct thing to do, like when you decide who you are going to marry, there are also many circumstances in which this is incorrect like in gambling.

Agreed, it's because of our emotions that we make poor decisions; it's difficult to think clearly, particularly if you enjoy gambling and have already agreed to gamble anything for a big payoff. People continue to lose money because they are curious where their money would go if they use it in gambling, resulting in addiction and a loss of control. That's why gambling platforms should implement precautions to lessen this kind of cases but of course they will not do that because it's their advantage to gain profit from this kind of people.

Fiat casinos are already implementing features that allows you to disallow access to your account on your own in the case you think you are gambling too much , while this is not a lot at least they are doing something about it, but we need to be honest if we do not want to make the mistake of betting too much while we gamble then we are on our own, I enjoy gambling but with moderation, that way even if I lose some money I am not really affected by it as I would have spent that money anyway in other forms of entertainment.

[LogitechMouse]

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.

TBH, when I'm still new in gambling I would think that it would be that easy until the moment that I lose all of my money.

I thought that everything is under my control but it really isn't. The reality is that whenever you lose, you will have this feeling that you need to regain your losses and will invest more. I felt that too but overtime, I learned how to control myself when I'm gambling and I successfully learned it fortunately. When I'm gambling back in the days, there are times that it hit me so bad and will lose everything but instead of reinvesting I will just play online games so that the feeling of regret and disappointment will go away and that worked for me.

[maydna]

Faith has little to do when it comes to gambling you have to set a self discretion and set limit. The truth is when you are a day to day gambler you need to have a strong self control.

Faith is not related to gambling, but destiny has. When our destiny say we will lose from gambling, we will lose, and we can't stop the destiny because it is already written on the GOD books. But we can prevent the loss by having self-control, so the loss will not be too big, and I heard that if we are often giving something beneficial to other people, we can reduce the bad thing impact. So if we can have self-control and prevent the loss, the loss itself will not be too bigger.

[RealMalatesta]

If someone gambles, it's already attached that losing is always be one of the results. Well, there's not that much result but only two exists, to win and to lose.
But most of the results that would happen to us is losing, this happens very often whether you're good and discipline. It's inevitable and whether it's your fate, you must come up with a plan and I agree with what you've said about knowing when you should stop. Whether you win a lot or lose a lot, you should know how to stop.

It is not about most results being losing. If you gamble on a 50% chance game that means you will win 50% of the time and lose 50% of the time, and on a long enough period of time it will reach there and stay there and you will not end up losing more than you win.

However the reward payments are if you wager 100 bucks, you win 99 bucks when you win and you lose 100 bucks when you lose, that 1 dollar difference is called the house edge and that is why people do not gamble and win, not in the long run.

House edge makes sure that the regular odds of what should happen in the long run helps the casino to profit and that is why there is a low chance that you will make some money on gambling. Obviously anyone can get lucky and win a huge amount, I can go to any website, bet on the lowest chance to win, usually 9999x in many places, and win that if I am lucky, but that doesn't change the fact that in the long run I will lose that too.

[Ucy]

Some used to pacify themselves with the term it is their fate to loss in gambling. Some say it is the lack of control that makes them loss big. Here I'm taking this into discussion relative to the game - Dice.

Same as this some used to mention winning as fate and some term the same as luck. I believe win out of dice is trick, and right exit strategy.

What is the truth in this regard, because users like me are always go lack of control even when luck is on our side. End of the day used to pacify thyself terming it as our fate and move on. Hope you guys don't do this mistake.

I guess you mean some lose gambling in bets or just betting in general?

In regards to the dice game, most people see it as luck-based game... I have my doubts though , I think you'd probably need to be extraordinarily skillful/talented to be able to have strategies that give you consistent winnings/profits in dice. If it's based on luck, then the winners have been predestined to win their games fairly through "luck", assuming the game is really provable fair, and safe too

[Stalker22]

If someone gambles, it's already attached that losing is always be one of the results. Well, there's not that much result but only two exists, to win and to lose.
But most of the results that would happen to us is losing, this happens very often whether you're good and discipline. It's inevitable and whether it's your fate, you must come up with a plan and I agree with what you've said about knowing when you should stop. Whether you win a lot or lose a lot, you should know how to stop.

It is not about most results being losing. If you gamble on a 50% chance game that means you will win 50% of the time and lose 50% of the time, and on a long enough period of time it will reach there and stay there and you will not end up losing more than you win.

However the reward payments are if you wager 100 bucks, you win 99 bucks when you win and you lose 100 bucks when you lose, that 1 dollar difference is called the house edge and that is why people do not gamble and win, not in the long run.

House edge makes sure that the regular odds of what should happen in the long run helps the casino to profit and that is why there is a low chance that you will make some money on gambling. Obviously anyone can get lucky and win a huge amount, I can go to any website, bet on the lowest chance to win, usually 9999x in many places, and win that if I am lucky, but that doesn't change the fact that in the long run I will lose that too.

Yeah. The house edge is an extremely important factor for successful gambling. The cash win is probably the most important reason for playing casino games. The one who says he doesn't like winning is undoubtedly lying, because when it comes to being able to win money quickly and while having fun, there's hardly greater pleasure.

However, if you've ever played a game of chance, you'll know that the odds are almost always stacked in favor of the house or casino. As a result, one thing should be understood: losing is an unavoidable aspect of gambling. In games with a low house edge, the player's skill can make a difference, making success less reliant on pure luck.

[Questat]

If someone gambles, it's already attached that losing is always be one of the results. Well, there's not that much result but only two exists, to win and to lose.
But most of the results that would happen to us is losing, this happens very often whether you're good and discipline. It's inevitable and whether it's your fate, you must come up with a plan and I agree with what you've said about knowing when you should stop. Whether you win a lot or lose a lot, you should know how to stop.

It is not about most results being losing. If you gamble on a 50% chance game that means you will win 50% of the time and lose 50% of the time, and on a long enough period of time it will reach there and stay there and you will not end up losing more than you win.

However the reward payments are if you wager 100 bucks, you win 99 bucks when you win and you lose 100 bucks when you lose, that 1 dollar difference is called the house edge and that is why people do not gamble and win, not in the long run.

House edge makes sure that the regular odds of what should happen in the long run helps the casino to profit and that is why there is a low chance that you will make some money on gambling. Obviously anyone can get lucky and win a huge amount, I can go to any website, bet on the lowest chance to win, usually 9999x in many places, and win that if I am lucky, but that doesn't change the fact that in the long run I will lose that too.

Yeah. The house edge is an extremely important factor for successful gambling. The cash win is probably the most important reason for playing casino games. The one who says he doesn't like winning is undoubtedly lying, because when it comes to being able to win money quickly and while having fun, there's hardly greater pleasure.

However, if you've ever played a game of chance, you'll know that the odds are almost always stacked in favor of the house or casino. As a result, one thing should be understood: losing is an unavoidable aspect of gambling. In games with a low house edge, the player's skill can make a difference, making success less reliant on pure luck.

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.

[peter0425]

Some used to pacify themselves with the term it is their fate to loss in gambling. Some say it is the lack of control that makes them loss big. Here I'm taking this into discussion relative to the game - Dice.

Same as this some used to mention winning as fate and some term the same as luck. I believe win out of dice is trick, and right exit strategy.

What is the truth in this regard, because users like me are always go lack of control even when luck is on our side. End of the day used to pacify thyself terming it as our fate and move on. Hope you guys don't do this mistake.

I guess you mean some lose gambling in bets or just betting in general?

In regards to the dice game, most people see it as luck-based game... I have my doubts though , I think you'd probably need to be extraordinarily skillful/talented to be able to have strategies that give you consistent winnings/profits in dice. If it's based on luck, then the winners have been predestined to win their games fairly through "luck", assuming the game is really provable fair, and safe too

how would you know when you are a Hater of gambling? you are just talking about what you read but you don't know whats inside gambling so stop your speculation and just focus on You "GOD" topics in off topic section.
stop pretending to know everything about gambling just to increase your post count for bonus when we already knew that you are not a Gambler by chance.

[Stalker22]

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.

[molsewid]

The one who control our fate is us. We cant lose money if we dont gamble, thus its our own decision to risk the money that we have in order to play (regardless of the reason on why we gamble).

But if we are already playing, the outcome depends on luck or your fate. I believe no matter how good you are as a gambler your chances to win depends how lucky you are. Just like in lottery, its a one in a million chances to win, if you're destined to be lucky then you might hit the jackpot.

Certainly it is true, it is us who are doing our fate, who are doing our moves because fate comes only on how are we going to work out our life decisions like for example in gambling. I didn't really meant that we shouldn't have to gamble but what we really intend to say was to not blaming the certain circumstances of our actions because we are the one who are in control on this matter on the first place.

[Sanitough]

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/

[BuNga_cute]

The one who control our fate is us. We cant lose money if we dont gamble, thus its our own decision to risk the money that we have in order to play (regardless of the reason on why we gamble).

But if we are already playing, the outcome depends on luck or your fate. I believe no matter how good you are as a gambler your chances to win depends how lucky you are. Just like in lottery, its a one in a million chances to win, if you're destined to be lucky then you might hit the jackpot.

Certainly it is true, it is us who are doing our fate, who are doing our moves because fate comes only on how are we going to work out our life decisions like for example in gambling. I didn't really meant that we shouldn't have to gamble but what we really intend to say was to not blaming the certain circumstances of our actions because we are the one who are in control on this matter on the first place.

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.

[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.