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Author Topic: The houses always win, are you the house or the gambler?  (Read 1157 times)
SaiyanSS3 (OP)
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July 23, 2021, 06:18:42 AM
 #1

The houses always win, are you the house or the gambler?

Remember only idiot take high risk to get high reward. The houses do not take risk but telling all of you to take high risk. Whether it’s bear market or bull market, the houses always win. The houses do not care whether some of you wageslave plebs actually make a lot of money from the high risk high reward. The houses need some of you plebs to make a good example to a get rich quick scheme, to educate all other wageslaves to not give up the hopes of beating the house. Are you the house or the gambler?

In crypto
The house is: miner, dev, whale holder.
The gambler is: wageslave trader, wageslave investor, wageslave plebs, all of you suicidal wageslave high risk high reward taker.

In stock market
The house is: bourse, exchange, broker, banker, loan shark, billionaire, millionaire, the major shareholder, the director of the company that own many shares.
The gambler is: all of you suicidal wageslave high risk high reward taker.

In casino
The houses is: the kingpin, the broker, the banker, the loan provider
The gambler is: all of you suicidal wageslave high risk high reward taker.

In crypto airdrop
The houses is: airdrop participants, devs, the host coin used underlying the airdropped slave token.
The gambler: the banks, the government (El Salvador), the plebs, the billionaire (elon), the millionaire(?), the central bank, all of you suicidal wageslave high risk high reward taker.

In a marriage
The house is: wife, women, family court, feminist, parent to the spouse, baby who gave birth, mother to the baby, Melinda gates.
The gambler is: the husband, men in general, beta cuck wageslave plebs, bill gates, elon.

In real estate market
The house is: landlord, banker, broker, billionaire, millionaire, government
The gambler is: tenant, wageslave plebs, plebs student in college, plebs student in school, basement dwellers.

Add more of your example below, and make the thread fun to read, don’t spam Smiley
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SaiyanSS3 (OP)
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July 23, 2021, 06:33:55 AM
 #2

I think this is appropriate to be on the Gambling Discussion board, go to the lower left of this thread OP and click on move topic and choose the Gambling Discussion board. Also, the house doesn't always win, remember that there's a lot of things that can happen plus you make it look like things are just one sided.
Okey. Moved.
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July 23, 2021, 06:36:54 AM
 #3

Lol! It's a known fact! Casinos are not charitable entities, they business entities who earns money from your pocket. So it doesn't matter what the players think. Casino houses are here to make money and it will remain as it is, for ever! Whatever the bonuses they give you, are coming from other gambler's pockets. The house doesn't shell out money from their own pocket.

So if someone is expecting that casino houses will go all out to make you rich, your expectation is incorrect and wrongly placed. Thy are a business entity and they are here to make money, just like the banks do!

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July 23, 2021, 06:53:50 AM
 #4

That's pretty much explanatory. Business owners wouldn't start their business if it weren't profitable in the long run. Sure, casinos give out tons of prizes but does that amount surmount the total amount of people trying to win that prize? I don't think so. It's always the house, and you can be the house if you have enough capital.

I don't think telling everyone here that you could either be a house or a gambler helps them win. There's nothing much you can do with that. Gambling should be for entertainment only, not a source of income.

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July 23, 2021, 07:08:59 AM
 #5

For me, it's not always that house will always win.
It's just become a famous saying, but if you do research, there are some houses that go bankrupts, so I think it's much better we can say that it's just very rare that there is a casino that will go bankrupt.
How often do casinos go bankrupt? What are the most common reasons why one would go under? - You can find here there are some companies goes bankrupt last 2014 year. "The house always wins", is like some people always telling if you gamble, you will lose.

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July 23, 2021, 07:14:57 AM
 #6

Winning is a relative term, we win in different ways, the prize for winning sometimes is not always money, it may just be sheer satisfaction or networking (friendship & contact).

Because this is a gambling board, i'll like to elucidate further using an example- the gambler and the casino. I'm a gambler, i have so enough money that i can afford to gamble, i like to gamble not because i always want to win money, but because i like the casino environment, i like the people i meet there and the new connections i make whenever i go to the casino, i do not mind the casino having a fraction of my money through gambling bets that i loose because as a business they have to make money too and i understand that. Don't get me wrong, i do not mind getting some money there as well at times by winning a bet, but i do not always consider the money as the win for me. I win whenever i make a new friend, have a new contact, because for me connections really matter.

So whenever i achieve my goal of hanging out in a casino, i always win, whether i loose a bet or not.

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July 23, 2021, 07:34:42 AM
 #7

This common quotation of house will always win is just a common thing, if you are a businessman that would like to have fun with gambling and you want to take this as a profit to you why not take a gambling house which can give you a profit again the end of the day the winners are the investors of the gambling, not the players it's like the 1:10 odds of winning to the gambling houses unless you are a skilled player to win every game. This is the reason why there are people who only gambling just to get fun or satisfy themselves for entertainment gambling and people who use gambling just to earn a large amount of money and some of them use gambling to look like a job.

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July 23, 2021, 07:34:52 AM
 #8

In casino
The houses is: the kingpin, the broker, the banker, the loan provider
The gambler is: all of you suicidal wageslave high risk high reward taker.
If you are talking about gambling houses, you have to dig up a lot of information about the advantages and disadvantages of gambling houses.
Example:
• You should know about yesterday's European Cup, in England there are many online gambling houses that have made big profits since 2019 and until now and also ManBetX and Malta.
• Betway is also a gambling house that has more than 2 million customers, this is also a gambling house that has the biggest advantage.
• Sportsbet.io is also a betting house based on bitcoin. This is also the biggest income every year, is also one of Southampton's partners.
• Asia based betting house called Fun88 also has the most profit and LoveBet to be able to appear on their jersey was able to pay almost 7.5 million pounds for it.

I think you should do some sharp research, before saying bankrupt house/casino gambling, as you said above.

R


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July 23, 2021, 08:15:19 AM
 #9

Ok, obviously it looks like you are a man.... (You say the house is the Wife / Divorce lawyer etc..) ...so you are on the losing end of Life already.  Grin  (On average.... most men die before the women ...so they hit the Jackpot of a Pension and Life insurance policies paying out..and the man paid for it)  Roll Eyes

The house is always rigged to win.... if they lost... no casinos would have been able to keep their doors open, so you just have to hope that you are one of the minority of "players" to beat the house... and then you are made!  (WageSlave or not... luck is luck!)

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July 23, 2021, 08:56:25 AM
 #10

House is game devs, players are the slaves. Nothing new there tbh, house ALWAYS wins. And I don't fault them, casinos were never, in the first place, an establishment that was made for the players to make money. A bit of money maybe, but getting rich? Nah. Maybe 1 out of a million people sure, but everyone? Life ain't that easy man. The only instance a house loses is if in the first place, they let themselves lose. Famous examples of gamblers winning against the house was because the gambler and the casino established an agreement, that of which removing the house edge in their games and letting the gambler play normally. That pretty much equals out both sides.

R


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July 23, 2021, 09:02:01 AM
 #11

Remember that gambling establishments are all businesses in which their goal is always to earn money.

The phrase 'the house always wins' is a common trend in all gambling establishments due to the odds being more favourable to them. Of course, there will always be that chance a person might win the jackpot and it may seem like they are putting the gambling establishment to bankruptcy but it gets its proceeds from all the losses incurred by other gamblers as well.

Regardless, I associate myself with the gambler as anything that I do involves risks.

R


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July 23, 2021, 09:15:02 AM
 #12

I guess the whale should belong to the class of the investors because they are also holders of bitcoin but the only difference is that the whale holds a large amount, the miner is the real house that role the life of wage slavelaves. The gambler is just a game player unless it has turned to business where the gambler invests a big amount.
Whales always be an investors , i don't know where this was mentioned not to be an investors ? they ae buying coins and they are holding it till the time of selling so that will be consider as investing.
Remember that gambling establishments are all businesses in which their goal is always to earn money.
all business wants to earn , But some are willing to lose just to help needed  while gambling businesses usually here to Bag money .
Quote
The phrase 'the house always wins' is a common trend in all gambling establishments due to the odds being more favourable to them. Of course, there will always be that chance a person might win the jackpot and it may seem like they are putting the gambling establishment to bankruptcy but it gets its proceeds from all the losses incurred by other gamblers as well.
House will win if we will always let them.

We can stand out winning small amount but what we always do? waiting for high profit and that brings us losses.
Quote
Regardless, I associate myself with the gambler as anything that I do involves risks.
and willingness to loss and never cry after.









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July 23, 2021, 10:36:46 AM
 #13

>>https://bitcointalk.org/index.php?topic=5350717.msg57524344#msg57524344
That's pretty much explanatory. Business owners wouldn't start their business if it weren't profitable in the long run. Sure, casinos give out tons of prizes but does that amount surmount the total amount of people trying to win that prize? I don't think so. It's always the house, and you can be the house if you have enough capital.
Glad to be explanatory enough to every plebs

>I don't think telling everyone here that you could either be a house or a gambler helps them win. There's nothing much you can do with that. Gambling should be for entertainment only, not a source of income.
house is the big deal, gambler do not.

>>https://bitcointalk.org/index.php?topic=5350717.msg57524423#msg57524423
>For me, it's not always that house will always win. It's just become a famous saying, but if you do research,
as usual, big and small house, big house would take over smaller house and form an alliance.

>there are some houses that go bankrupts, so I think it's much better we can say that it's just very rare that there is a casino that will go bankrupt.

Tbh, some house are weak house. We once thought every house is equal. Nope, I would give government as a example, government is the house, for first world government, they’re the house while the third world government is the gambler. Thing has since progress a little, in the crypto, third world government or first world government both of them shall be the gamblers under the bitcoin the strong house. Government do not always entitled be the house.


>How often do casinos go bankrupt? What are the most common reasons why one would go under? - You can find here there are some companies goes bankrupt last 2014 year. "The house always wins", is like some people always telling if you gamble, you will lose.
big house devour the small house, survival of the fittest.
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July 23, 2021, 10:40:16 AM
 #14

the term house always win is only used for gambling but you have use other examples that are outside gambling .
house always win can be accurate but they gambling owners take risks too and not all that ventures gambling business became succesful but many of them even the popular ones have gone down and dissapear .
 i am too small to be a house but im just a gambler and can win sometimes but i enjoy playing gambling whatever the results .
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July 23, 2021, 10:50:36 AM
 #15

In globalisation:
The house is: the first world strong government who have nuclear weapon
The gambler is: the third world weak government, the corrupted government, the small and helpless government.
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July 23, 2021, 10:54:20 AM
 #16

gamblers won't stop though even if you explain this to them. they are already fixed on beating the system and bring the house down.  the house always wins that's why it makes sense to join the house thru the bankroll if they have this feature.
 
wives always win when you messed up, and it's true because the government created the laws only for them under any circumstances you lose money and even the kid's custody.  









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July 23, 2021, 12:50:59 PM
 #17

The gambler will not think too complicated because they want to play gambling with fun, enjoy the game, and if they can, they want to make money. As long as the gambler can gamble without a problem, that will not matter. But we are all a gambler, whether we like or not, as we are not a business owner description by @OP. 

In company
The house is: Our boss.
The gambler is: we as their employee.



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July 23, 2021, 01:11:17 PM
 #18

For now probably I'm one of the gambler, we can't take away the fact that there's always above us all in every way, work, crypto, trading and many more. There's always above us but then we may not know for sure but maybe soon enough we will be one of the house in our own way.

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July 23, 2021, 01:33:22 PM
 #19

The houses always win, are you the house or the gambler?

Remember only idiot take high risk to get high reward. The houses do not take risk but telling all of you to take high risk. Whether it’s bear market or bull market, the houses always win. The houses do not care whether some of you wageslave plebs actually make a lot of money from the high risk high reward. The houses need some of you plebs to make a good example to a get rich quick scheme, to educate all other wageslaves to not give up the hopes of beating the house. Are you the house or the gambler?

In crypto
The house is: miner, dev, whale holder.
The gambler is: wageslave trader, wageslave investor, wageslave plebs, all of you suicidal wageslave high risk high reward taker.

In stock market
The house is: bourse, exchange, broker, banker, loan shark, billionaire, millionaire, the major shareholder, the director of the company that own many shares.
The gambler is: all of you suicidal wageslave high risk high reward taker.

In casino
The houses is: the kingpin, the broker, the banker, the loan provider
The gambler is: all of you suicidal wageslave high risk high reward taker.

In crypto airdrop
The houses is: airdrop participants, devs, the host coin used underlying the airdropped slave token.
The gambler: the banks, the government (El Salvador), the plebs, the billionaire (elon), the millionaire(?), the central bank, all of you suicidal wageslave high risk high reward taker.

In a marriage
The house is: wife, women, family court, feminist, parent to the spouse, baby who gave birth, mother to the baby, Melinda gates.
The gambler is: the husband, men in general, beta cuck wageslave plebs, bill gates, elon.

In real estate market
The house is: landlord, banker, broker, billionaire, millionaire, government
The gambler is: tenant, wageslave plebs, plebs student in college, plebs student in school, basement dwellers.

Add more of your example below, and make the thread fun to read, don’t spam Smiley

Now I am reading a series of novels by Roger Zelazny about the princes of Amber.  

Prince Amber is a powerful creature capable of traveling across parallel universes (shadows).  Compared to ordinary people, the princes of Amber seem to be superhumans.  But there are also stronger forces - Logrus, the Fiery Path, etc.

So it is in life.  The manipulator whale, in turn, is a simple player for a stronger and more powerful manipulator (actor).  

Within the framework of the system, I can be a lord sovereign.  However, at the supersystem level, I am a worthless player.  

Taking online casinos as an example, yes, casinos are more powerful than ordinary players.  

However, regulators and legislators are more powerful than online casinos.

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July 23, 2021, 02:09:39 PM
 #20

The houses have an advantage for they are holding a huge portion of the investment but they wouldn't completely win without the gamblers. Both houses and gamblers need each other for them to make the market move for the supply and demand will be based on them. Each of them has their function and their profit or winning will only depend on their capital.
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July 23, 2021, 02:19:11 PM
 #21

At the end of the story that the house will be the winner, but not a few guests are satisfied with the services of the homeowners. it depends on how much you can show the owner of the house, then you are placed in the VIP room with some sexy maids. Everyone contributes and you see it as a game of endless manipulation.

We struggle to win but based on each portion the definition of winning is quite diverse. There is no standard standard, sometimes if you are smart and able to make homeowners fall into poverty and break into finances it will be very appreciated. It doesn't matter how much loss your gambling house suffers, you will be a winner if you know its weaknesses.

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July 23, 2021, 02:29:42 PM
 #22

For now probably I'm one of the gambler, we can't take away the fact that there's always above us all in every way, work, crypto, trading and many more. There's always above us but then we may not know for sure but maybe soon enough we will be one of the house in our own way.

I am a gambler, for sure! I agree that there's someone above in every way, it's easier for big fish to eat small ones, but it's not like we have to quit growing because of that! It's a game, and we need to try to learn how to survive and grow over time, and is there a better way from learning and growing than trying to fight big players?

I believe in exceptions! That said, nobody wins/loses all the time... chances can be high or low, but in the end, if we don't try it we will never know!

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July 23, 2021, 03:03:51 PM
 #23

Lol! It's a known fact! Casinos are not charitable entities, they business entities who earns money from your pocket. So it doesn't matter what the players think. Casino houses are here to make money and it will remain as it is, for ever! Whatever the bonuses they give you, are coming from other gambler's pockets. The house doesn't shell out money from their own pocket.

So if someone is expecting that casino houses will go all out to make you rich, your expectation is incorrect and wrongly placed. Thy are a business entity and they are here to make money, just like the banks do!

As I said, it's all about the business and not just blaming them for the gambling house managers. Actually, if you can refer to various places, not just banks, nightclubs where you spend the night unwind, there is always impromptu gambling that is deliberately held. So if there are no immigrants, will it be crowded? like other gambling houses, they are unlikely to become rich if there is no trust from the visitors who often come every time risking various assets just in the hope of making big profits.

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July 23, 2021, 03:18:23 PM
 #24

The houses always win, are you the house or the gambler?

Remember only idiot take high risk to get high reward. The houses do not take risk but telling all of you to take high risk. Whether it’s bear market or bull market, the houses always win. The houses do not care whether some of you wageslave plebs actually make a lot of money from the high risk high reward. The houses need some of you plebs to make a good example to a get rich quick scheme, to educate all other wageslaves to not give up the hopes of beating the house. Are you the house or the gambler?

In crypto
The house is: miner, dev, whale holder.
The gambler is: wageslave trader, wageslave investor, wageslave plebs, all of you suicidal wageslave high risk high reward taker.

In stock market
The house is: bourse, exchange, broker, banker, loan shark, billionaire, millionaire, the major shareholder, the director of the company that own many shares.
The gambler is: all of you suicidal wageslave high risk high reward taker.

In casino
The houses is: the kingpin, the broker, the banker, the loan provider
The gambler is: all of you suicidal wageslave high risk high reward taker.

In crypto airdrop
The houses is: airdrop participants, devs, the host coin used underlying the airdropped slave token.
The gambler: the banks, the government (El Salvador), the plebs, the billionaire (elon), the millionaire(?), the central bank, all of you suicidal wageslave high risk high reward taker.

In a marriage
The house is: wife, women, family court, feminist, parent to the spouse, baby who gave birth, mother to the baby, Melinda gates.
The gambler is: the husband, men in general, beta cuck wageslave plebs, bill gates, elon.

In real estate market
The house is: landlord, banker, broker, billionaire, millionaire, government
The gambler is: tenant, wageslave plebs, plebs student in college, plebs student in school, basement dwellers.

Add more of your example below, and make the thread fun to read, don’t spam Smiley

Now I am reading a series of novels by Roger Zelazny about the princes of Amber.  

Prince Amber is a powerful creature capable of traveling across parallel universes (shadows).  Compared to ordinary people, the princes of Amber seem to be superhumans.  But there are also stronger forces - Logrus, the Fiery Path, etc.

So it is in life.  The manipulator whale, in turn, is a simple player for a stronger and more powerful manipulator (actor).  

Within the framework of the system, I can be a lord sovereign.  However, at the supersystem level, I am a worthless player.  

Taking online casinos as an example, yes, casinos are more powerful than ordinary players.  

However, regulators and legislators are more powerful than online casinos.
The party that has power over the other party is the winner, there is also house on top of the other house, yup, when we talk about bitcoin, it seem the house is bigger than any existing house, it’s even bigger than the government and the billionaire, government once thought themselves are invulnerable and they’re always the most powerful house. You would rarely see billionaire become gambler just like us, it’s unprecedented!
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July 23, 2021, 05:40:40 PM
 #25

I am a gambler, I'll only become a house if I have a lot of money to create my own casino or invest in a casino that I open for investment. Most of us are gamblers, we bet to win, but most of us will still lose money in the long run, so casinos or the house would really benefit in the long run.

In casino
The houses is: the kingpin, the broker, the banker, the loan provider


I think this doesn't exist in online gambling, maybe in a land-based casino it exists, but you can't take a loan without collateral.

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July 23, 2021, 06:01:20 PM
 #26

In globalisation:
The house is: the first world strong government who have nuclear weapon
The gambler is: the third world weak government, the corrupted government, the small and helpless government.
In third world country:
The house is: the corrupt government, political class, the wealthy businessmen, the public employees.
The gambler is: middle class, delusional small entrepreneurs, everyone else who believe in the classes of the first group (house).



But talking about gambling specifically, it should be well known it's not an activity or hobby for everyone. It's mainly for those who already have a fixed income and can spare a lot of money without taking serious risks.

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July 23, 2021, 06:12:55 PM
 #27

In globalisation:
The house is: the first world strong government who have nuclear weapon
The gambler is: the third world weak government, the corrupted government, the small and helpless government.
In third world country:
The house is: the corrupt government, political class, the wealthy businessmen, the public employees.
The gambler is: middle class, delusional small entrepreneurs, everyone else who believe in the classes of the first group (house).



But talking about gambling specifically, it should be well known it's not an activity or hobby for everyone. It's mainly for those who already have a fixed income and can spare a lot of money without taking serious risks.
setting money in gambling is quite an important thing for a gambler to do, even though we do gambling just for a hobby or to unwind after work, but if there is no good money arrangement in the game, of course without us realizing we will also lose a lot money in gambling games and of course it doesn't make us happy after playing but instead adds to the burden of our minds later Grin, gamblers or not target money limits for us to spend in games that we should have set before we start betting.

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July 23, 2021, 06:13:49 PM
 #28

I would classify myself as a gambler. I'm taking risks whenever the rewards are good, and those risks, for the most part, are calculated. I also ensure that I don't end up getting nothing out of whatever amount I gambled, and I make sure that I would be setting a limit to my losses and not try to push my luck any further. While I don't treat everything in life as a gamble, I do live by the principle that you have to bet something in order to gain something, so in a way, you are gambling to meet whatever it is that you desire in life.

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July 23, 2021, 06:57:35 PM
 #29

In my beginnings with the game, I always had that kind of doubts, because many years ago, when we were in college, we were a group of friends to the casino and, of course, the losses were much larger than the profits despite that we apply Many techniques and strategies in roulette, but in the same way it was difficult to get victories, the probability that we could win was when Roulette is totally full of players, there I checked that the house always has the advantage and will always have it.
Now, in online casinos, they have the Provably Fair system that is more honest, however, all casinos have this advantage.

On those occasions, all roulettes had the option to play 0 and 00, which increases the chances of losing, currently there are online casinos that do not have 0 ni 00, which increases the chances of winning for the player, in fact, in BitCasino.io Karl shared a very interesting article that makes mention about strategies to apply.

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July 23, 2021, 07:57:10 PM
 #30

I would classify myself as a gambler. I'm taking risks whenever the rewards are good, and those risks, for the most part, are calculated. I also ensure that I don't end up getting nothing out of whatever amount I gambled, and I make sure that I would be setting a limit to my losses and not try to push my luck any further. While I don't treat everything in life as a gamble, I do live by the principle that you have to bet something in order to gain something, so in a way, you are gambling to meet whatever it is that you desire in life.
It should be and i do have same principle in life on taking up something which is on calculated risk and reward ratio and i dont really make out some steps that i do seem

that i do have a higher chance on succeeding rather than taking any steps that could really be having more chance of failure.This is the behavior i do have

even with the simpliest decisions where i do really mind of since we are talking about money on here.

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July 23, 2021, 07:59:11 PM
 #31

I would classify myself as a gambler. I'm taking risks whenever the rewards are good, and those risks, for the most part, are calculated. I also ensure that I don't end up getting nothing out of whatever amount I gambled, and I make sure that I would be setting a limit to my losses and not try to push my luck any further. While I don't treat everything in life as a gamble, I do live by the principle that you have to bet something in order to gain something, so in a way, you are gambling to meet whatever it is that you desire in life.
It should be and i do have same principle in life on taking up something which is on calculated risk and reward ratio and i dont really make out some steps that i do seem

that i do have a higher chance on succeeding rather than taking any steps that could really be having more chance of failure.This is the behavior i do have

even with the simpliest decisions where i do really mind of since we are talking about money on here.
Same goes for me and for sure for everybody because life decisions is indeed a gamble where you do need to choose on which decision you would take on a particular situation which might end up on resulting into good or bad one so its a personal choice for you to make.Talking literaly with gambling games then we are all gamblers and only a few would really be acting as a house since not all would really be having that business.Making  decisions even on the slightest ones does correspond with risk and result which we should really be mindful about that one because there are some who doesnt really think about that matter.

R


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July 23, 2021, 08:07:52 PM
 #32

The houses always win, are you the house or the gambler?

Do houses always win? No! Homes almost never lose.
We've had countless cases of lucky players who have won big prizes and them withdraw money from the house to their wallet (if not a scam).
The fact is that when you win a good prize, most of the times peoples continue to bet, giving the house the chance to recover from the loss it had.

The solution is simple, plan with a limit on spending and maximum bets, the house will continue to win, but at least you won't leave grumbling.

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July 23, 2021, 08:35:24 PM
 #33

The houses always win, are you the house or the gambler?
~snip~
Do houses always win? No! Homes almost never lose.
We've had countless cases of lucky players who have won big prizes and them withdraw money from the house to their wallet (if not a scam).
^ Definitely right, houses will not always win. How about those lottery jackpot winners that occasionally reported that they hit the mega jackpot and owned million or billion of dollars for the mega jackpot. They are also betting against the house and I think, when you say the house will always win, that is inappropriate. You can sometimes beat the house unexpectedly but the correct one is the more you playing under the house the more chances that you will lose. Nevertheless, if you can afford to fund the house and be a bunker, it is possible to be a house but if not, you can be a gambler too and spend only the amount that you can afford.
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July 23, 2021, 08:46:10 PM
 #34

High risk high reward and those who took the risk are not idiot, they know what they are doing and gambling is pure of luck, always despite of the strategies that you’re using.

I’m a gambler who understand the risk of playing and beside casinos are their business that’s why the house will always win because that’s their main goal, to become profitable and as a gambler, it cost us a lot just to make that casinos profitable.

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July 23, 2021, 09:05:18 PM
 #35

Okay, that’s literally one of the most prejudiced things I’ve ever read, especially the marriage and real estate part. Everybody gambles, from that perspective. Marriage is gambling to both parties, and if we’re talking about Islamic countries, then women are at a great disadvantage there and take more risks.

Same with casinos, or real estate - the owners are businessmen, and hardly every other business goes well. Businessmen invest their money first, before building a company, so at the beginning, they gamble with way more than the customers do later.
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July 23, 2021, 09:12:54 PM
 #36

The houses always win, are you the house or the gambler?

Do houses always win? No! Homes almost never lose.
We've had countless cases of lucky players who have won big prizes and them withdraw money from the house to their wallet (if not a scam).
The fact is that when you win a good prize, most of the times peoples continue to bet, giving the house the chance to recover from the loss it had.

The solution is simple, plan with a limit on spending and maximum bets, the house will continue to win, but at least you won't leave grumbling.

That's right, so even if you win big but you don't know when to stop, the money will end up again to the casino. That's why casinos always win because even if they pay those gamblers with their winning prizes, the tendency of most gamblers is to play again. So the money paid will go back again to their site.
In short, what the OP laid out is that in life, all of us are like gamblers, whatever we choose, there's some part that we are gambling in this life.
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July 23, 2021, 09:14:39 PM
 #37

Remember only idiot take high risk to get high reward.

Very stupid thesis. You can't achieve anything without risk. Even when you leaves your house to go to work - you're at risk that a brick will fall on your head killing you. You're at risk at work, that your boss will fire you. Higher risk - higher reward - this is the truth of life.
ICO, DEFI, NFT had much higher risk than just to buy and wait, but in result they gave me a lot of profit.

And as i see, you're in crypto, so I think that you should already get it.

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July 24, 2021, 07:13:19 AM
 #38

Regarding gambling in the casino yes, the house will always win. That's because we as gamblers will never be satisfied with anything we achieve, lose or win. We will come back again the next day until we can no longer bet money on it. The thing that will stop us from visiting gambling establishments is when we have nothing left to fulfill our gambling cravings. Only those who can control themselves who wont suffer from the side effect of gambling.
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July 24, 2021, 07:34:02 AM
 #39

Homes always win gamblers always participate and watch gambling and win even if they lose they can easily win from their own capital always set a limit that you can spend on the game and do not exceed it there is ample opportunity to recover continue and bet. One of the most important criteria to be able to judge the reliability of a casino is to ensure the security of financial transactions.
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July 24, 2021, 08:28:28 AM
 #40

The odds are always on their side, we knew they always win but it's fun playing. Gamblers feel the satisfaction even with just a few wins, they savour the moment with it.  
Of all the years we have been in crypto, you see gamblers enjoy chatting on the casino chatbox when talking about experiences like it's all that matters.  I think they will also feel the risk if they stray their excitement from gambling to trading cryptocurrency, the risk still is the same.


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July 24, 2021, 08:39:34 AM
 #41

The houses always win, are you the house or the gambler?

Remember only idiot take high risk to get high reward. The houses do not take risk but telling all of you to take high risk. Whether it’s bear market or bull market, the houses always win. The houses do not care whether some of you wageslave plebs actually make a lot of money from the high risk high reward. The houses need some of you plebs to make a good example to a get rich quick scheme, to educate all other wageslaves to not give up the hopes of beating the house. Are you the house or the gambler?


Wrong on this one , because even though the House don't risk yet gambler must do the risk for them to easily get what they tend to do in gambling activities.

Imagine why some gamblers even bet thousand of dollars per bet? because they believe that once the Luck seat upon them they beating the house will be as sooner as the time pass.

and also Why not risk when all of gamblers intend one thing and that is to Win and nothing more.

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July 24, 2021, 08:46:26 AM
 #42

The houses always win, are you the house or the gambler?
~snip~
Do houses always win? No! Homes almost never lose.
We've had countless cases of lucky players who have won big prizes and them withdraw money from the house to their wallet (if not a scam).
^ Definitely right, houses will not always win. How about those lottery jackpot winners that occasionally reported that they hit the mega jackpot and owned million or billion of dollars for the mega jackpot. They are also betting against the house and I think, when you say the house will always win, that is inappropriate. You can sometimes beat the house unexpectedly but the correct one is the more you playing under the house the more chances that you will lose. Nevertheless, if you can afford to fund the house and be a bunker, it is possible to be a house but if not, you can be a gambler too and spend only the amount that you can afford.

Yes, I'm a player too.  I don't have my own company.  I do not have a system that I can fully control. 

I interact with other people's systems.  I play at online casinos and control my emotions.  This is required in order to receive your winnings. 

I invest in alternative cryptocurrencies.  My goal is to buy them at the lowest price and sell them at the highest price.  Essentially a speculator. 

I am trying to adjust to this world. 

My goal is to use other people's systems and get economic benefits from it. 

This is my tactic and strategy.

.
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July 24, 2021, 09:11:08 AM
 #43

Regarding gambling in the casino yes, the house will always win. That's because we as gamblers will never be satisfied with anything we achieve, lose or win. We will come back again the next day until we can no longer bet money on it. The thing that will stop us from visiting gambling establishments is when we have nothing left to fulfill our gambling cravings. Only those who can control themselves who wont suffer from the side effect of gambling.
Indeed. We are never satisfied with what we achieved already and we want more and if that is at gambling games, we will regret it when we see that we do not have anything to gamble. At that time, we will be disappointed and very sad because we already risk everything we have and we also have another problem: a gambling addiction.

That is why that the house will always win. But we have a chance to win if we can stop the game after we hit some money. That will be the real winner. We know when to stop gambling and not risk more money because we already win some money.

.
SPIN

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July 24, 2021, 09:46:54 AM
 #44

The houses always win, are you the house or the gambler?

Remember only idiot take high risk to get high reward. The houses do not take risk but telling all of you to take high risk. Whether it’s bear market or bull market, the houses always win. The houses do not care whether some of you wageslave plebs actually make a lot of money from the high risk high reward. The houses need some of you plebs to make a good example to a get rich quick scheme, to educate all other wageslaves to not give up the hopes of beating the house. Are you the house or the gambler?

In crypto
The house is: miner, dev, whale holder.
The gambler is: wageslave trader, wageslave investor, wageslave plebs, all of you suicidal wageslave high risk high reward taker.
No need to be judgmental about high risk and high reward because without high risk there is no high reward, and a decision to take the risk can be based on some rational thinking.
The house wins against the majority, sure. However, if it's skill-based gambling, some might succeed systematically. Also, there are tons of casinos which are stillborn or die shortly after birth. Money was invested into them by their creators, but people are not coming to play there. So casinos lose.
Also, miners are not the house in cryptos. Mining also involves the risks: you buy expensive equipment and pay large bills, maybe also pay the rent and hire personnel. And then Bitcoin price can decrease, making your mining operations unprofitable. Or some equipment can break before you even return the money you've invested.

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July 24, 2021, 10:16:24 AM
 #45

I really think there is still risk in being an owner of a casino or gambling site if there are no gamblers playing on their site or the casino then they will be bankrupt in not getting profit, That is why the house is doing something like that they need that risk to profit, I think that the system of the house is sure a mystery or the algorithm that includes the house there is this system that sometimes the gambler will profit from it and sometimes the gambler will lose towards it aswell, I really think it is not right to say that the house always wins because the house surely needs that profit in order to keep going, I should say luck base games can sometimes take you profit but any time the losing factor will always be there.
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July 24, 2021, 10:27:21 AM
 #46

I really think there is still risk in being an owner of a casino or gambling site if there are no gamblers playing on their site or the casino then they will be bankrupt in not getting profit, That is why the house is doing something like that they need that risk to profit, I think that the system of the house is sure a mystery or the algorithm that includes the house there is this system that sometimes the gambler will profit from it and sometimes the gambler will lose towards it aswell, I really think it is not right to say that the house always wins because the house surely needs that profit in order to keep going, I should say luck base games can sometimes take you profit but any time the losing factor will always be there.
But obviously, casino's whether online and offline tend to be successful because there are hundreds of gambler born every day. So they just need to have huge capital or the backing of some big financial magnate put up a casino, market it, promote it to attract new and old gamblers.

Yeah, sometimes there are days that the casino will have some whales and win big, but majority is that they really take profits because of the house edge.
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July 24, 2021, 10:28:43 AM
 #47

I think operating a casino as the house does carry more risk to incur losses than operating as a stock broker in the stock trading market. If a gambler does truly get lucky and wins a huge amount of money in the casino, and if that gambler decides to stop gambling and leave the casino after withdrawing all his winnings without the intention of returning to the casino again, the casino owner will have to pay that gambler winnings out from his own pocket.

But a company operating as a stock broker, basically they do not lose any money when stock traders gain a huge amount of profit by trading in the stock market, because all the profits from the stock market that traders gain will come from other stock traders who decides to sell their stocks away at a loss. The stock broker will just collect a certain fixed amount of broker fees from their customers who trade stocks using their company trading platform regardless of loss or profits in every trade.

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July 24, 2021, 11:53:26 AM
 #48

I really think there is still risk in being an owner of a casino or gambling site if there are no gamblers playing on their site or the casino then they will be bankrupt in not getting profit, That is why the house is doing something like that they need that risk to profit, I think that the system of the house is sure a mystery or the algorithm that includes the house there is this system that sometimes the gambler will profit from it and sometimes the gambler will lose towards it aswell, I really think it is not right to say that the house always wins because the house surely needs that profit in order to keep going, I should say luck base games can sometimes take you profit but any time the losing factor will always be there.
But obviously, casino's whether online and offline tend to be successful because there are hundreds of gambler born every day. So they just need to have huge capital or the backing of some big financial magnate put up a casino, market it, promote it to attract new and old gamblers.

Yeah, sometimes there are days that the casino will have some whales and win big, but majority is that they really take profits because of the house edge.

Yup! Agreed, gambling like these obviously would tend to make success base on its players, and surely there will always be gamblers out there that will and may play on these kinds of establishments, and yes there may be many investors backing up casino whether it may be an online one or an offline one, and sometimes success will surely tend to skyrocket dues to the hype of their games in that platform, that is why the government will surely get a large sum of the tax because the gambling will sure strive due to the nature of good marketing of its people, but it will surely base on that and not all can profit that much.
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July 24, 2021, 12:24:37 PM
 #49

The houses always win, are you the house or the gambler?


I think you started getting far too misogynistic towards the end of your post and ended up coming across as bitter rather than insightful. Stick to posting about gambling rather than relaying your poor property purchasing decisions and lack of balanced relationships. It is clear that Las Vegas was built from the money the players have lost over the years and the fact that casinos give away so many freebies to "loosen your inhibitions" should be a clear indicator that it is a lucrative business. Unless you stick to free bets (whether sports betting or in casino tournaments) then you're likely to just keep feeding this gigantic "entertainment" based industry.

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July 24, 2021, 12:35:35 PM
 #50

Being a casino owner is not a joke, dealing with a huge capital and huge taxes I’m pretty sure they have to do everything to win and that’s why the odds for becoming a profitable casinos is high if there’s a lot of players but if none, then their business will slowly die since not all casinos are able to lure gamblers on their site or casinos.
Exactly, it doesn't mean that you have the capital you can already start a casino.
Knowledge is very important, this is a risky business, yes a lot of businesses had succeeded but we can't discount the possibility that you will also lose big money because your business will fail.

I’m more of a gambler, I understand the odds of losing money and that is normal in gambling. The house has the advantage but you should not focus on that, you just have to enjoy playing and let your luck be in your favor.

Same here, I don't even think of making my own casino because my current financial status would not allow me to do it, I just gamble, hope to win big and then start my own business, probably not a casino.

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July 24, 2021, 12:36:39 PM
 #51

You can't just be biased about who wins between the gambling house and the gambler. I would agree that high risk takers goes the extra mile in most cases in order to get a high reward ratio. But we still have deciplined gamblers who just gamble for the fun of it. We might feel we're generating income for the house but on the other hand the gambler might have made profit worth many times bigger than his/her total stakes.

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July 24, 2021, 01:00:59 PM
 #52

The house is not going to be in loss even though if they have paid a millions dollars for the jackpot that is what the actual meaning of  "House always wins", its happening because the house has more probability to win the game so if 10 people are playing then 9 is going to lose and only 1 is going to win and he may take money from 5 others so hous is still going to make that money from 4 with no risk.
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July 24, 2021, 01:14:13 PM
 #53

The houses always win, are you the house or the gambler?

Remember only idiot take high risk to get high reward. The houses do not take risk but telling all of you to take high risk. Whether it’s bear market or bull market, the houses always win.
-snip-
So anyone that would like to take high risks according to you are idiots? Of course the house won't be taking risks. They are not a charity organization. They are here not to give you free money. They are here to make profit (talking about casino, not the other random weird stuffs that you also included). You take risk to make quick profit. This is how it all works. Take high risk, get high reward. Take low risk, enjoy less profit. You can't call someone that is willing to take high risk an idiot.

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July 24, 2021, 01:17:58 PM
 #54

The house is not going to be in loss even though if they have paid a millions dollars for the jackpot that is what the actual meaning of  "House always wins", its happening because the house has more probability to win the game so if 10 people are playing then 9 is going to lose and only 1 is going to win and he may take money from 5 others so hous is still going to make that money from 4 with no risk.

We can't say that every "house" has a million-dollar jackpot, and I guess we can say that once in million times (more or less) there are situations when 9 out of 10 people wins... It's why casinos with a profit-sharing feature are interesting, we can see their stats... so it's not like that house always win, there are situations when they are negative! House has an advantage, but we can't say that house is invincible, it's gambling for us and them, the risk exists for all involved parties!

You can't just be biased about who wins between the gambling house and the gambler. I would agree that high risk takers goes the extra mile in most cases in order to get a high reward ratio. But we still have deciplined gamblers who just gamble for the fun of it. We might feel we're generating income for the house but on the other hand the gambler might have made profit worth many times bigger than his/her total stakes.

I agree! In the end, it's different for all... we have different bankrolls, different game styles, so we have different results in the end! I can put myself in that "disciplined gamblers group", we gamble for the fun of it... and while we lose here and there, sometimes we can have nice wins that put us on the positive side!

The houses always win, are you the house or the gambler?

Remember only idiot take high risk to get high reward. The houses do not take risk but telling all of you to take high risk. Whether it’s bear market or bull market, the houses always win.
-snip-
So anyone that would like to take high risks according to you are idiots? Of course the house won't be taking risks. They are not a charity organization. They are here not to give you free money. They are here to make profit (talking about casino, not the other random weird stuffs that you also included). You take risk to make quick profit. This is how it all works. Take high risk, get high reward. Take low risk, enjoy less profit. You can't call someone that is willing to take high risk an idiot.

I guess OP doesn't understand what gambling really is... and I agree with you, it's not on him to judge others and to call people idiots just because they want to take the higher risk to get some higher reward! It's on us to choose the level of risk, and to be ready for any outcome! I don't like people who decide to take the risk and later they cry about it!

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July 24, 2021, 01:33:58 PM
 #55

The house is not going to be in loss even though if they have paid a millions dollars for the jackpot that is what the actual meaning of  "House always wins", its happening because the house has more probability to win the game so if 10 people are playing then 9 is going to lose and only 1 is going to win and he may take money from 5 others so hous is still going to make that money from 4 with no risk.

But what if a new casino opens up and they put the jackpot in and some lucky gamblers manages to get the jackpot on the first day? At that point the casino would actually lose money. Sure they have an edge in every game, but if they there aren't enough gamblers they could lose money.

If they are a small casino then provably it  will  hurt there funding's and this could provably start of winning  scamming since they can't able to  pay the winner of the jackpot prize,  that's why on this discussion we need to bet on good established casino so that if this scenario will happen we can assure to get our  winning prize.

The houses always win, are you the house or the gambler?

Remember only idiot take high risk to get high reward. The houses do not take risk but telling all of you to take high risk. Whether it’s bear market or bull market, the houses always win.
-snip-
So anyone that would like to take high risks according to you are idiots? Of course the house won't be taking risks. They are not a charity organization. They are here not to give you free money. They are here to make profit (talking about casino, not the other random weird stuffs that you also included). You take risk to make quick profit. This is how it all works. Take high risk, get high reward. Take low risk, enjoy less profit. You can't call someone that is willing to take high risk an idiot.

Well  maybe he's not on high risk betting since he cannot take those things properly and there are really people who take a lot of risk and mostly the one who earned richest from this are those people who's braved to handle that situations and its not right to call  them idiot since they just have courage to take those huge risk for  theirselves even though  the house mostly win  on  this category

R


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July 24, 2021, 02:39:48 PM
 #56

Remember only idiot take high risk to get high reward. The houses do not take risk but telling all of you to take high risk. Whether it’s bear market or bull market, the houses always win.

When I think back, and it looks like you've lost a lot of capital, so take this question quite seriously and put it in this thread.
Actually at the beginning of your meeting with the gambling house, no one forces you to go in and bet everything. this is really purely volitional and stems from the gambler's desire to keep on making profits.

.
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July 24, 2021, 03:13:47 PM
 #57

The houses always win, are you the house or the gambler?


It's a fact and every old gambler knows this, but gamblers are giving away their money for nothing, they get entertained, they get excited, and sometimes or most of the time for some gamblers they win a huge jackpot, the worse thinking is for you to come in a gambling site with a mindset that you can bring down the house, even if you have a big bankroll, you can only win if you know how to stop when winning, and this is a big challenge for every gambler.

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July 24, 2021, 04:00:03 PM
 #58

The impression of gambling is to give plebs and others which may involve the option of winning through the unguaranteed chance and base on the OP question no gambler will ever be the house except those that invested in the house bankroll but it's not always profitable as people believe it to be because it also involves risk taking.

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July 24, 2021, 04:03:23 PM
 #59

That makes no sense how is a miner the house in Bitcoin? They generate new blocks for the rest of the network and then they process transactions that is not gambling but a way of assuring Bitcoin survives.

The impression of gambling is to give plebs and others which may involve the option of winning through the unguaranteed chance and base on the OP question no gambler will ever be the house except those that invested in the house bankroll but it's not always profitable as people believe it to be because it also involves risk taking.
P2P gambling and you can avoid the issues with the house having the better chances.
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July 24, 2021, 04:37:14 PM
 #60

The house is not going to be in loss even though if they have paid a millions dollars for the jackpot that is what the actual meaning of  "House always wins", its happening because the house has more probability to win the game so if 10 people are playing then 9 is going to lose and only 1 is going to win and he may take money from 5 others so hous is still going to make that money from 4 with no risk.

But what if a new casino opens up and they put the jackpot in and some lucky gamblers manages to get the jackpot on the first day? At that point the casino would actually lose money. Sure they have an edge in every game, but if they there aren't enough gamblers they could lose money. For the house este to fully work they need a lot of games being played every day. The law of large numbers will make it hey closer to the house edge.
Not every casino is successful because its also a business where only few can shine while others are going to fall in the long run, when we talk about a new casino then they should concentrate on increasing the gamblers traffic by promotions instead of spending million dollars for jackpot and anyone who has knowledge also will do in that way.
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July 24, 2021, 06:22:40 PM
 #61

I can bring few more examples of house and gambler if I am not wrong. I am being a gambler. I go with small investment and trade few cheap cons that has huge market volume. Lets see my examples below. But house never be always a winner.

In Corporate:
House;- CEO, MD, Senior managers
Gambler - Employees at normal grades, admins, securities and house keeping

In Cine filed:
House;- Producers, directors, music directors, art directors
Gambler ;- The technicians, co artists and other workers

In politics:
House: Chief Ministers, MLAs, MPs, PM and all other Leads
Gambler: The people

.
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July 24, 2021, 07:44:05 PM
 #62

~
Not every casino is successful because its also a business where only few can shine while others are going to fall in the long run, when we talk about a new casino then they should concentrate on increasing the gamblers traffic by promotions instead of spending million dollars for jackpot and anyone who has knowledge also will do in that way.
Most basic is the bank balance and if gambling site can promote them really well then they will get the traffic and the cryptocurrency gambling space is still young and anyone can take advantage of the situation and cover the market, Stakes for example is giving away more to their legit users and they are promoting big especially the UFC athletes and now they started promoting Football team as well.
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July 24, 2021, 07:54:57 PM
 #63

That makes no sense how is a miner the house in Bitcoin? They generate new blocks for the rest of the network and then they process transactions that is not gambling but a way of assuring Bitcoin survives.

The impression of gambling is to give plebs and others which may involve the option of winning through the unguaranteed chance and base on the OP question no gambler will ever be the house except those that invested in the house bankroll but it's not always profitable as people believe it to be because it also involves risk taking.
P2P gambling and you can avoid the issues with the house having the better chances.
Yep,its a bit contradictory or doesn't really connected at all because some of those things he mentioned above isn't really that connected to gambling where basically they do specifically function on their own.

House do always win? Majority do knows that but if you are still a noob then you wouldn't really mind much about this until the time came that you've been fucked up then you would realize that
this is the thing you would really be facing on onwards.

Neither you could be the house or the gambler but we know that businesses like these aren't simple to make as it sounds.

R


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July 24, 2021, 10:33:18 PM
 #64

Gambling will always involve some form of risk, so is investing. That's why people say they are two sides of the same coin. All giving and offering a promise of profit while also involving a substantial risk. However, one takes immense patience and skill plus amountable knowledge in the field while the other requires self-control and a little bit of luck. You only become a gambler when you let the idea of gaining money instantly get over your head because there is no such thing as instant cash. Some effort is needed in order to profit.
I can bring few more examples of house and gambler if I am not wrong. I am being a gambler. I go with small investment and trade few cheap cons that has huge market volume. Lets see my examples below. But house never be always a winner.

In Corporate:
House;- CEO, MD, Senior managers
Gambler - Employees at normal grades, admins, securities and house keeping

In Cine filed:
House;- Producers, directors, music directors, art directors
Gambler ;- The technicians, co artists and other workers

In politics:
House: Chief Ministers, MLAs, MPs, PM and all other Leads
Gambler: The people
Basically houses are the big figures who can turn the tide of the project/structure/movement and affect the whole enterprise, whilst the gamblers are the foot siders who are still essential but do not hold substantial power within the system to affect the entirety of it. It takes time to become a house from being a gambler, but it only takes few minutes and a good scandal for a house to drop into being a gambler.



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July 25, 2021, 03:58:17 AM
 #65

I think operating a casino as the house does carry more risk to incur losses than operating as a stock broker in the stock trading market. If a gambler does truly get lucky and wins a huge amount of money in the casino, and if that gambler decides to stop gambling and leave the casino after withdrawing all his winnings without the intention of returning to the casino again, the casino owner will have to pay that gambler winnings out from his own pocket.

But a company operating as a stock broker, basically they do not lose any money when stock traders gain a huge amount of profit by trading in the stock market, because all the profits from the stock market that traders gain will come from other stock traders who decides to sell their stocks away at a loss. The stock broker will just collect a certain fixed amount of broker fees from their customers who trade stocks using their company trading platform regardless of loss or profits in every trade.
Stock market broker doesn't lose anything if stocks go up or down, they are not caring about what they do, it is just about how they take their cut from every move you make, so it is not really a shock that they would be not at risk. Obviously, casinos do have a chance to lose money in the short term because some guy could end up winning a huge amount, but they do also have people who lose a huge amount as well.

Look at sportsbet.io, they spend a few millions on sponsorship but only ONE person, literally just ONE guy ended up losing a million dollars there on a single game of England. So, it shows you that even though they do have that risk, they also have the advantage of being a house so in the long run they always end up in profit. Stock broker has unlimited potential, and casinos too, but I would probably pick a stock broker company over having a casino.

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July 25, 2021, 10:40:55 AM
 #66

If your role is to play then you are not a house but a gambler, I don't think the house always wins, but it is beating many gamblers, one of the proof is gamblers posting their winning in one session, the house always has the edge but when you stop when you are winning then that is the time that you have beaten the house if you continue you are likely to be eaten by the house edge.
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July 25, 2021, 03:59:23 PM
 #67

If your role is to play then you are not a house but a gambler, I don't think the house always wins, but it is beating many gamblers, one of the proof is gamblers posting their winning in one session, the house always has the edge but when you stop when you are winning then that is the time that you have beaten the house if you continue you are likely to be eaten by the house edge.
Posting wins doesn't mean much because from my experience you can have several losing sessions before getting that one profitable session. It's hard to make assumptions without knowing the actual story since there are people that doesn't mention their losses and at the same time brag so much about their winnings like they're in profit overall.

But what if a new casino opens up and they put the jackpot in and some lucky gamblers manages to get the jackpot on the first day? At that point the casino would actually lose money. Sure they have an edge in every game, but if they there aren't enough gamblers they could lose money. For the house este to fully work they need a lot of games being played every day. The law of large numbers will make it hey closer to the house edge.
That depends on the amount of jackpot because the usual jackpots i've seen are progressive so most of the rewards are accumulated through the bets placed by their players.

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July 25, 2021, 04:06:47 PM
 #68

If your role is to play then you are not a house but a gambler, I don't think the house always wins, but it is beating many gamblers, one of the proof is gamblers posting their winning in one session, the house always has the edge but when you stop when you are winning then that is the time that you have beaten the house if you continue you are likely to be eaten by the house edge.

If you quit and take the money away from the house, in a slight way it would hurt the bankroll but knowing that there are many gamblers inside the platform that amount may cover up by those gamblers who will lose their money.

case to case though, if the amount is really huge and the gamblers choose to be wise and cash it out then house losses that day.

and like what I have said if not that huge, it will easily recovered from other gamblers who are losing their run.

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July 25, 2021, 05:21:57 PM
 #69

It is meant to be the house has the edge and it could happen anytime you are playing the longer you play the more the house can take over your bankroll, so only play with money that you can afford to lose and treat gambling as entertainment it's hard to accept it if you want to make money from gambling because you really can't.
I'm still perplexed as to why some people regard gambling as a viable means of earning money, despite the fact that it is neither practical nor efficient, and it carries a significant risk of financial loss. Gambling, in my opinion, was created for amusement; you don't need to have a lot of information about it; simply wager on what you think will happen, and the outcome will be 50-50. So basically, everyone here should have the mindset of "play with the money you can afford to lose." It's evident that house edges have the benefit, and it's a business after all, so you need to make sensible decisions, take profit if you've already won, and have a great game.
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July 25, 2021, 06:11:04 PM
 #70

In crypto, there is another "House" and that's an exchange when it comes to futures trading. In overall, when it comes to margin trading, the exchange and the liquidity providers are the houses because it doesn't matter what's going on around you, there is no way for them to lose. Even when you lose, they profit because they liquidate your funds once you reach some limits.

And when it comes to just crypto trading, I think that houses are the wholes and the ones who have a huge influence over the traders, like Elon Musk for example.

The house edge of the game and the trading market is very different. In gambling, you play against the house that always wins but in trading, you have to follow the "house" in order to win and achieve success.

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July 25, 2021, 06:14:16 PM
 #71

The houses always win, are you the house or the gambler?

Remember only idiot take high risk to get high reward. The houses do not take risk but telling all of you to take high risk. Whether it’s bear market or bull market, the houses always win. The houses do not care whether some of you wageslave plebs actually make a lot of money from the high risk high reward. The houses need some of you plebs to make a good example to a get rich quick scheme, to educate all other wageslaves to not give up the hopes of beating the house. Are you the house or the gambler?

In crypto
The house is: miner, dev, whale holder.
The gambler is: wageslave trader, wageslave investor, wageslave plebs, all of you suicidal wageslave high risk high reward taker.

In stock market
The house is: bourse, exchange, broker, banker, loan shark, billionaire, millionaire, the major shareholder, the director of the company that own many shares.
The gambler is: all of you suicidal wageslave high risk high reward taker.

In casino
The houses is: the kingpin, the broker, the banker, the loan provider
The gambler is: all of you suicidal wageslave high risk high reward taker.

In crypto airdrop
The houses is: airdrop participants, devs, the host coin used underlying the airdropped slave token.
The gambler: the banks, the government (El Salvador), the plebs, the billionaire (elon), the millionaire(?), the central bank, all of you suicidal wageslave high risk high reward taker.

In a marriage
The house is: wife, women, family court, feminist, parent to the spouse, baby who gave birth, mother to the baby, Melinda gates.
The gambler is: the husband, men in general, beta cuck wageslave plebs, bill gates, elon.

In real estate market
The house is: landlord, banker, broker, billionaire, millionaire, government
The gambler is: tenant, wageslave plebs, plebs student in college, plebs student in school, basement dwellers.

Add more of your example below, and make the thread fun to read, don’t spam Smiley
To this I will add politics, the house are obviously the politicians, the rich, bureaucrats and corrupt people and the gambler is the person that actually thinks their vote can make the difference since political parties are just like mafias, you are just choosing your master you do not to stop being a slave.

Anyway people need to become smarter so even if they do not form part of the house, as most of the time that is immoral and incorrect to do, at least they are not the victim any longer.

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July 25, 2021, 10:09:59 PM
 #72

The impression of gambling is to give plebs and others which may involve the option of winning through the unguaranteed chance and base on the OP question no gambler will ever be the house except those that invested in the house bankroll but it's not always profitable as people believe it to be because it also involves risk taking.
P2P gambling and you can avoid the issues with the house having the better chances.
Yes, the house to always win issue will be different if use p2p gambling site but ask yourself how many crypto gamblers trust or make use of p2p gambling when there reputation is not good enough the magnitude of people totally trust them.
The last time I checked, gamblers don't care about the house winning ratio and what they are after is honesty.

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July 25, 2021, 10:22:46 PM
 #73

The impression of gambling is to give plebs and others which may involve the option of winning through the unguaranteed chance and base on the OP question no gambler will ever be the house except those that invested in the house bankroll but it's not always profitable as people believe it to be because it also involves risk taking.
Indeed as someone who was at the same time a player and an investor in the house, I can confirm this. Here is my full investment history in Yolodice https://bitcointalk.org/index.php?topic=5254959.0
As a player, I won several times but was too greedy to stop few times which cost me a lot. Overall my stats were negative because I don't know when to stop.
As a small investor, well I passed by bad moments where my balance (and the house) was negative due to lucky dudes sucking a lot of coins. Fortunately those guys don't know when to stop also so they helped us to recover. Others kept winning and made other investors and the house bleeding.

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July 25, 2021, 10:27:08 PM
 #74

It is meant to be the house has the edge and it could happen anytime you are playing the longer you play the more the house can take over your bankroll, so only play with money that you can afford to lose and treat gambling as entertainment it's hard to accept it if you want to make money from gambling because you really can't.
I'm still perplexed as to why some people regard gambling as a viable means of earning money, despite the fact that it is neither practical nor efficient, and it carries a significant risk of financial loss. Gambling, in my opinion, was created for amusement; you don't need to have a lot of information about it; simply wager on what you think will happen, and the outcome will be 50-50. So basically, everyone here should have the mindset of "play with the money you can afford to lose." It's evident that house edges have the benefit, and it's a business after all, so you need to make sensible decisions, take profit if you've already won, and have a great game.

Some people still believe they can make gambling to make money, so they are trying to find a strategy that can beat the casino. The fact that we as
gamblers will be harmed if we play too much gambling, not only can lose a lot of money, but even risk becoming addicted. We really have to change
our mindset that playing gambling is only for entertainment, if we win, think of it as a bonus. Whatever strategy we use when gambling, in the end
the chances of winning are still 50-50, because gambling is a game that depends on luck. It's natural that the houses always win, because they created
a gambling system indeed to make a profit. The gambling industry has always been a profitable business, so now with technological advances, many
online gambling have emerged.

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July 25, 2021, 11:37:01 PM
 #75

The houses always win, are you the house or the gambler?

Do houses always win? No! Homes almost never lose.
We've had countless cases of lucky players who have won big prizes and them withdraw money from the house to their wallet (if not a scam).
The fact is that when you win a good prize, most of the times peoples continue to bet, giving the house the chance to recover from the loss it had.

The solution is simple, plan with a limit on spending and maximum bets, the house will continue to win, but at least you won't leave grumbling.
No it's wrong house loses very oftentimes, for example at the roulette, the house loses almost half of the time, when the player bet on odd or even, red or black, high or low... So the house loses against many players, but it wins against most of them.

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July 25, 2021, 11:53:37 PM
 #76

The houses always win, are you the house or the gambler?

Do houses always win? No! Homes almost never lose.
We've had countless cases of lucky players who have won big prizes and them withdraw money from the house to their wallet (if not a scam).
The fact is that when you win a good prize, most of the times peoples continue to bet, giving the house the chance to recover from the loss it had.

The solution is simple, plan with a limit on spending and maximum bets, the house will continue to win, but at least you won't leave grumbling.
No it's wrong house loses very oftentimes, for example at the roulette. So the house loses against many players, but it wins against most of them.
Maybe with roulette what you say could happen. Here you itself have mentioned house loses against many players, but it wins against most of them. It is same as house always wins, because finally the profiting authority is the house and not the gambler.

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July 25, 2021, 11:57:39 PM
 #77

No gambler can claim that he can beat the house because by default the house has the edge this is the one that makes them sustain their operation, but this doesn't mean that we never have a chance to win, we always have the chance to win, there are players who come out the winner and the data is available, you can come out a winner if you know when to stop when you are winning, by continuing to play and thinking that it's your time to shine and recover your losses, that's the time the house edge will come to play.
Gambling is not meant to be your cash cow, although some others can do that sometimes, it's meant to give you entertainment and get excited after a hard day's work.

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July 26, 2021, 12:21:00 AM
 #78

Actually, the lines have been blurred between the two in recent years.

You can now be both the house and the gambler. Just think about sites like Bitvest where you can invest & play at the same time. The process of funding a bankroll has now largely become more democratised than ever before.

And no, the house does not always win. In the long run, and theoretically, yes. But in the short run, the gambler can really push the house to its limits (just think about Nakowa on JD years back).
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July 26, 2021, 06:02:20 AM
 #79

The houses always win, are you the house or the gambler?

Do houses always win? No! Homes almost never lose.
We've had countless cases of lucky players who have won big prizes and them withdraw money from the house to their wallet (if not a scam).
The fact is that when you win a good prize, most of the times peoples continue to bet, giving the house the chance to recover from the loss it had.

The solution is simple, plan with a limit on spending and maximum bets, the house will continue to win, but at least you won't leave grumbling.
No it's wrong house loses very oftentimes, for example at the roulette, the house loses almost half of the time, when the player bet on odd or even, red or black, high or low... So the house loses against many players, but it wins against most of them.
The house will still win from many gamblers and even if they lose because of one or two gamblers, they still got the biggest money from the other. Many gamblers will spend their money playing gambling and many of them losing the money for playing for a long time. And that can be a benefit for the gamblers, especially if the gamblers can not control themselves and use more money to gamble. If the casino has many favorite gambling games that can attract many gamblers to play, many gamblers will lose their money.

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July 26, 2021, 07:32:48 AM
 #80

The houses always win, are you the house or the gambler?

Remember only idiot take high risk to get high reward. The houses do not take risk but telling all of you to take high risk. Whether it’s bear market or bull market, the houses always win. The houses do not care whether some of you wageslave plebs actually make a lot of money from the high risk high reward. The houses need some of you plebs to make a good example to a get rich quick scheme, to educate all other wageslaves to not give up the hopes of beating the house. Are you the house or the gambler?

In crypto
The house is: miner, dev, whale holder.
The gambler is: wageslave trader, wageslave investor, wageslave plebs, all of you suicidal wageslave high risk high reward taker.

In stock market
The house is: bourse, exchange, broker, banker, loan shark, billionaire, millionaire, the major shareholder, the director of the company that own many shares.
The gambler is: all of you suicidal wageslave high risk high reward taker.

In casino
The houses is: the kingpin, the broker, the banker, the loan provider
The gambler is: all of you suicidal wageslave high risk high reward taker.

In crypto airdrop
The houses is: airdrop participants, devs, the host coin used underlying the airdropped slave token.
The gambler: the banks, the government (El Salvador), the plebs, the billionaire (elon), the millionaire(?), the central bank, all of you suicidal wageslave high risk high reward taker.

In a marriage
The house is: wife, women, family court, feminist, parent to the spouse, baby who gave birth, mother to the baby, Melinda gates.
The gambler is: the husband, men in general, beta cuck wageslave plebs, bill gates, elon.

In real estate market
The house is: landlord, banker, broker, billionaire, millionaire, government
The gambler is: tenant, wageslave plebs, plebs student in college, plebs student in school, basement dwellers.

Add more of your example below, and make the thread fun to read, don’t spam Smiley

I am a miner among other things and this is what I do at least 90% of the time so in this scenario it looks like I am the house and I have the edge.While in real life I was an avid gambler and I still am a gambler because I like playing slot machines from time to time,in your example I am the house.I never thought I would be the house so this is a good scenario that is to my liking.Also in real estate market I am the house as I own my house and I am about to buy a new one when Bitcoin will hit 100.000 because it is not a matter if but is a matter of when.

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July 26, 2021, 08:12:48 AM
 #81

It is meant to be the house has the edge and it could happen anytime you are playing the longer you play the more the house can take over your bankroll, so only play with money that you can afford to lose and treat gambling as entertainment it's hard to accept it if you want to make money from gambling because you really can't.
If gambling businesses don't have the house edge on their favor, what's the point of making a business out of it when you know that you won't make a big profit out of it. Also, if you really don't want the house winning, don't play because they rely on the people on their business so they can get a profit so with no players, that's when they experience losses.
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July 26, 2021, 09:18:08 AM
 #82

In gambling, taking high risk is normal for us gamblers. We tend to go against the house and are aware that they always win in the end. But it doesn't mean that we cannot win against them. We can but the chance will always be little than their chance of winning against us.

No gambler can claim that he can beat the house because by default the house has the edge this is the one that makes them sustain their operation
Only a gambler that doesn't understand the power of the house will proclaim that he can beat the house. Or if there's a salesman that says that someone can beat the house through his product which is the method that's for sale, it's just all about sales not strategy because it's hard to beat the house.

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July 26, 2021, 09:26:30 AM
 #83

One way to win against the house is by not playing, you don't win or lose but ultimately, they don't win against you since they didn't get any of your money. I would say that I am more of a gambler more than the house because the house is a small circle and not everyone belongs in it.

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July 26, 2021, 09:40:01 AM
 #84

I would say that being a house is not as easy as it looks. Many people here seems to think that houses do not end up losing money but the reality is that many people who start a casino end up spending insane amount of capital for it and they do not make it back that quickly, sure it is a good profitable business after a while, specially considering when you have enough money and making good enough profit you will end up having enough marketing budget to keep getting more and more people as well.

So long story short it is obvious that we are talking about something very risky at first, and doable afterwards but how many of us have enough money to cover those first days? I do not have a million dollars, and if you have less than that I am sorry but you are starting way too small for most gamblers to care, which is why being a house is not that easy neither.
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July 26, 2021, 10:07:50 AM
 #85

~
In crypto
The house is: miner, dev, whale holder.
The gambler is: wageslave trader, wageslave investor, wageslave plebs, all of you suicidal wageslave high risk high reward taker.
~

Miners do not get their equipment and electricity from a magic chest as a gift, but buy it on the market. And if you are interested in this topic, then the payback of the equipment is never guaranteed, so the miners do not exactly belong to the house. Perhaps this category includes manufacturers of mining equipment who first take your money and after a year supply it to you. But as history shows, they also have problems and sometimes they are on the verge of bankruptcy.

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July 26, 2021, 11:23:51 AM
 #86

The houses always win, are you the house or the gambler?

...

In a marriage
The house is: wife, women, family court, feminist, parent to the spouse, baby who gave birth, mother to the baby, Melinda gates.
The gambler is: the husband, men in general, beta cuck wageslave plebs, bill gates, elon.

...

I cannot believe that I am reading this. How is "the wife" the house? Firstly, not all marriages are wife and husband, secondly, not only men can be entrepreneurs and take risk, thirdly, and this is what you really got wrong and may cause a problem in you life: your partner is not your adversary, it is part of your team and the most valuable life resource. It is never about who wins and who does not because the team cannot be happy if one of the members is not happy - which means that everyone has to look after the other or eventually they will either part ways or be unhappy together.

I take it you come from a culture in which women are not treated as equals and you seem to have a resentment on the role you have imposed on yourself. Your loss.

As for the rest of the analysis... most of it shows the general lack of knowledge about crypto that can be expected from a Jr.

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July 26, 2021, 11:44:21 AM
 #87

Being a house edge also has risks, maybe if you said house edge can be backed up from other players it makes sense but that's part of the gambling business that requires large capital. and getting players is not easy. a lot of costs are needed. unless you become the house edge between your friends or in a small circle. but in a small scope I think the risk is equally same. that quite difference between running gambling bussiness or only casual gambling.
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July 26, 2021, 05:06:30 PM
 #88

The impression of gambling is to give plebs and others which may involve the option of winning through the unguaranteed chance and base on the OP question no gambler will ever be the house except those that invested in the house bankroll but it's not always profitable as people believe it to be because it also involves risk taking.
Indeed as someone who was at the same time a player and an investor in the house, I can confirm this. Here is my full investment history in Yolodice https://bitcointalk.org/index.php?topic=5254959.0
As a player, I won several times but was too greedy to stop few times which cost me a lot. Overall my stats were negative because I don't know when to stop.
As a small investor, well I passed by bad moments where my balance (and the house) was negative due to lucky dudes sucking a lot of coins. Fortunately those guys don't know when to stop also so they helped us to recover. Others kept winning and made other investors and the house bleeding.
It good read an evidence of what I said on here from someone like you that have to see all (gambling and bankroll investment) there no guarantee chance of winning in gambling and making profit through bankroll investment and people need to understand the concept of gambling to prevent addiction.

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July 27, 2021, 12:25:08 PM
 #89

The houses always win, are you the house or the gambler?

...

In a marriage
The house is: wife, women, family court, feminist, parent to the spouse, baby who gave birth, mother to the baby, Melinda gates.
The gambler is: the husband, men in general, beta cuck wageslave plebs, bill gates, elon.

...

I cannot believe that I am reading this. How is "the wife" the house? Firstly, not all marriages are wife and husband, secondly, not only men can be entrepreneurs and take risk, thirdly, and this is what you really got wrong and may cause a problem in you life: your partner is not your adversary, it is part of your team and the most valuable life resource. It is never about who wins and who does not because the team cannot be happy if one of the members is not happy - which means that everyone has to look after the other or eventually they will either part ways or be unhappy together.

I take it you come from a culture in which women are not treated as equals and you seem to have a resentment on the role you have imposed on yourself. Your loss.

As for the rest of the analysis... most of it shows the general lack of knowledge about crypto that can be expected from a Jr.
Fine
I accept this challenge.
Women always win.
In the school, women always win, girls always win boys by academic achievement, boys need sheer luck to win girls generally in the school.

In the job market, women always win, girls generally easier to get the job, boys generally failed to get the job, the job market is sexist. Banker are usually hiring girls, hot girls, no boys strictly, boys do not allowed to be banker, sales and marketing, women strictly, the list goes on. Programming and block chain some of these very neets occupation, even girl find it unattractive to work for, it’s the job for boys generally.

In the social media, women always win, women get likes and views create effortless content, even get millions to billions views for something very simple. Boy need to create very strong content, and also sheer luck to win over the audience.

In dating market, women always win. Girls get laid as easy as swipe left or right. Boys, however constantly ask about how to get laid, because they dunno how to get laid, they can work so hard, try so many tricks, spend so much money, no luck can help you sorry pal, please pray for your next life is a woman.

In sport too, women always win.
Wife always win.

Boy always lose, it’s what they’re designed to live on this planet, they’re loser by default, for the rest of life, boy can never be the house since they always lose.

Conclusion? Women is the house, wife is the house, they always win, they keep winning, they never lose.
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July 27, 2021, 01:03:59 PM
 #90

I am the gambler even though I hate to admit it, it's the truth of the matter that I am giving my hard earned money to the house. But that doesn't mean that I am powerless against them because I am the lifeblood of their business, if I stop playing, they won't exist, it's kind of a twisted symbiotic/parasitic relationship.
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July 27, 2021, 01:19:49 PM
 #91

I hate to be sexist but I need to make it to reveal the true colour of human

I decide to swap the keyword from house to wife, and give a new meaning to the same phrases.

Remember only idiot husband take high risk to get high reward. The wife do not take risk but telling all of you to take high risk. Whether it’s bear market or bull market, the wife always win. The wife do not care whether some of you wageslave plebs hubby actually make a lot of money from the high risk high reward. The wife need some of you plebs hubby to make a good example to all other bad men, to shill a get rich quick marriage, to educate all other wageslaves hubby to not give up the hopes of winning the marriage. Are you the wife or the husband?
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July 27, 2021, 01:31:18 PM
 #92

I am the gambler even though I hate to admit it, it's the truth of the matter that I am giving my hard earned money to the house. But that doesn't mean that I am powerless against them because I am the lifeblood of their business, if I stop playing, they won't exist, it's kind of a twisted symbiotic/parasitic relationship.

Judging by your dissatisfaction, are you spending more money on gambling than you would like? Maybe you should limit your budget and then you can return it to the normal course of the normal relationship between the player and the casino: the casino gets money, and the player enjoys the game.

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July 27, 2021, 02:07:11 PM
 #93

~snip

Judging by your dissatisfaction, are you spending more money on gambling than you would like? Maybe you should limit your budget and then you can return it to the normal course of the normal relationship between the player and the casino: the casino gets money, and the player enjoys the game.
No, I am being sardonic with how gamblers are being seen. I don't spend a lot of money with gambling plus most of the games that I do are fairly cheap in terms of maximum bets, you might say that it's around 2 USD as a ceiling bet. I do enjoy the game since I play with my friends and it's quite a fun gambling experience since there's trash talks and teasing.
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July 27, 2021, 02:34:24 PM
 #94

One way to win against the house is by not playing, you don't win or lose but ultimately, they don't win against you since they didn't get any of your money. I would say that I am more of a gambler more than the house because the house is a small circle and not everyone belongs in it.
No problem with that but the casino will have other gamblers who want to play gambling, whether they lose small or big money. The casino will take the gambler's money who can not control themselves and even the gamblers can win for the money, the casino will get it again from the other gamblers. We are all gamblers and still playing gambling because we like it but we must remember not to use the money that we can not afford to lose at the gambling table. We have the other things that need that money for our life.

.
SPIN

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July 27, 2021, 02:58:57 PM
 #95

One way to win against the house is by not playing, you don't win or lose but ultimately, they don't win against you since they didn't get any of your money. I would say that I am more of a gambler more than the house because the house is a small circle and not everyone belongs in it.
No problem with that but the casino will have other gamblers who want to play gambling, whether they lose small or big money. The casino will take the gambler's money who can not control themselves and even the gamblers can win for the money, the casino will get it again from the other gamblers. We are all gamblers and still playing gambling because we like it but we must remember not to use the money that we can not afford to lose at the gambling table. We have the other things that need that money for our life.

Nailed it! whatever happened to your gambling activities inside the casino it won't hurt them much,
those well known casino business always have the edge since there are patron who keeps on coming back and play,

If you win some and you made it to quit while you have the money then it simple, you win against the house but keep
in mind that eventually you'll going to playback most if not all the gamblers have this same mentalities and by then the house is fully ready for you.

Losing that day will keep you coming back and gives the house more opportunities to suck your savings.
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July 27, 2021, 03:05:47 PM
 #96

Exactly!
Casinos, whether they are land-based or online, earn from the difference between the players' wagers and the winnings paid out. The games are structured with a payout such that, also by virtue of the laws of mathematics and statistics, the casino revenues always tend to be higher than the winnings paid out to the players. It could not be easier to explain.
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July 27, 2021, 07:47:20 PM
 #97

Actually, the lines have been blurred between the two in recent years.

You can now be both the house and the gambler. Just think about sites like Bitvest where you can invest & play at the same time. The process of funding a bankroll has now largely become more democratised than ever before.

And no, the house does not always win. In the long run, and theoretically, yes. But in the short run, the gambler can really push the house to its limits (just think about Nakowa on JD years back).
Short terms do not matter when we are talking about a casino that gets more than one gambler. Which means if you have a thousand gamblers, if few of them wins today (which they may lose it back tomorrow) that doesn't mean anything for the casino since majority still keeps losing because of the house edge. That is how they are making a profit while showing you how that one guy once won 40k from 40 bucks, because that doesn't matter to them since there are others that lost much more during the same period.

On the "blurred lines" part you are sort of right, because you can both invest and also gamble, there are also newer places that give tokens which pays dividends, with the defi world that became a bit more famous but that is still gambling with you gamble and house when you are not gambling so there are still a bit clearer line time to time.
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July 27, 2021, 08:31:05 PM
 #98

Exactly!
Casinos, whether they are land-based or online, earn from the difference between the players' wagers and the winnings paid out. The games are structured with a payout such that, also by virtue of the laws of mathematics and statistics, the casino revenues always tend to be higher than the winnings paid out to the players. It could not be easier to explain.
Its doesnt make sense if you do presume out that gamblers/users would really  be having bigger gains that the house itself.This would just simply shows that a business wont sustain that long
if they wouldnt able to make money in long term but since gambling is a business which would really sustain because house do always win. House edge is always there and there might be
some perks or promotions but still do end up on house advantage. When it comes to gain then this would really be depending on how lucky you are as a gambler.
Dont even try to think on beating up the house because this is way too impossible.

R


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July 27, 2021, 09:53:03 PM
 #99

~snip~
Dont even try to think on beating up the house because this is way too impossible.
^ Definitely right, if all gambling businesses will end up keep losing house edge probably none of them will ever survive, it will probably most of them will stop running a business. That is a business and I think no one will waste money if you have a gambling site that always losing money. However, on other hand, gambling is intended for entertainment purposes only so never think of beating the house edge because that is impossible that you will continuously win on it.
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July 27, 2021, 10:07:01 PM
 #100

Judging by your dissatisfaction, are you spending more money on gambling than you would like? Maybe you should limit your budget and then you can return it to the normal course of the normal relationship between the player and the casino: the casino gets money, and the player enjoys the game.
No, I am being sardonic with how gamblers are being seen. I don't spend a lot of money with gambling plus most of the games that I do are fairly cheap in terms of maximum bets, you might say that it's around 2 USD as a ceiling bet. I do enjoy the game since I play with my friends and it's quite a fun gambling experience since there's trash talks and teasing.

If so its good! By the way, thras talking during poker is great fun, thanks for reminding me of that. Back in the days when most people weren't online yet, I played poker with my friends, we drank beer and bullied each other while playing  Grin Now, even without taking into account the pandemic, everything has changed (poker is prohibited in my country) and it is much more convenient to play online.

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July 27, 2021, 10:43:43 PM
 #101

The houses always win, are you the house or the gambler?



Yes, they always win and you can only beat them from time to time and gamblers must know this fact if they don't want to lose all their money, if you try to win against the house you will end up saying I thought I can beat the house but fact is you cannot however you try so keep in your heart that you cannot win against the house, it's just impossible.

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July 27, 2021, 11:48:36 PM
 #102

~snip~
Dont even try to think on beating up the house because this is way too impossible.
^ Definitely right, if all gambling businesses will end up keep losing house edge probably none of them will ever survive, it will probably most of them will stop running a business. That is a business and I think no one will waste money if you have a gambling site that always losing money. However, on other hand, gambling is intended for entertainment purposes only so never think of beating the house edge because that is impossible that you will continuously win on it.
If the house could be beaten up then there would be no  gambling businesses nowadays.We have seen on how they did flourish out into the market which simply indicates that they are really making big money in the market.

Having this mindset  will really be pushing you out of your limits or boundaries which is the main cause on why people do end up on getting addicted.

Play for fun and dont tend  to chase losses because this would really be ending up on a  disaster.

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July 28, 2021, 01:42:58 AM
 #103

The houses always win, are you the house or the gambler?


i am the Gambler , but i never win mostly so yeah the House always wins lol.

But whatever comes yet i enjoyed my gambling activities, because as far as I am doing now is looking for Fun and the winnings is just a Bonus .

But know what? all my activities are doing great now since i change my vies in gambling.
 not like when I was still looking for win that mostly i lose, now that I look for fun i find happiness and wins.

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July 28, 2021, 08:16:50 AM
 #104

One way to win against the house is by not playing, you don't win or lose but ultimately, they don't win against you since they didn't get any of your money. I would say that I am more of a gambler more than the house because the house is a small circle and not everyone belongs in it.
No problem with that but the casino will have other gamblers who want to play gambling, whether they lose small or big money. The casino will take the gambler's money who can not control themselves and even the gamblers can win for the money, the casino will get it again from the other gamblers. We are all gamblers and still playing gambling because we like it but we must remember not to use the money that we can not afford to lose at the gambling table. We have the other things that need that money for our life.

Nailed it! whatever happened to your gambling activities inside the casino it won't hurt them much,
those well known casino business always have the edge since there are patron who keeps on coming back and play,

If you win some and you made it to quit while you have the money then it simple, you win against the house but keep
in mind that eventually you'll going to playback most if not all the gamblers have this same mentalities and by then the house is fully ready for you.

Losing that day will keep you coming back and gives the house more opportunities to suck your savings.
The only thing that can make the casino reduce their profit is controlling most gamblers and knowing when to quit gambling after they win. If they can do that, the gamblers can save themselves and enjoy the win money while the casino will search for the other gamblers who do not have good control. We should quit gambling while winning some money if we do not want to see that money will be gone in the next rounds. But unfortunately, only a few gamblers can do that while the others will still playing more.

.
SPIN

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July 28, 2021, 09:32:53 AM
 #105

The houses always win, are you the house or the gambler?


i am the Gambler , but i never win mostly so yeah the House always wins lol.

But whatever comes yet i enjoyed my gambling activities, because as far as I am doing now is looking for Fun and the winnings is just a Bonus .

But know what? all my activities are doing great now since i change my vies in gambling.
 not like when I was still looking for win that mostly i lose, now that I look for fun i find happiness and wins.

Are you sure that you have never won even once? The statement of "the house always win" applies for those who desperate in their gambling journey. It can be due to bad money management and bad self control. To be frank, I do not believe if you have never won even once. There must be a time when you won some but you could not stop so you lost it all eventually.

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July 29, 2021, 05:53:52 PM
 #106

The impression of gambling is to give plebs and others which may involve the option of winning through the unguaranteed chance and base on the OP question no gambler will ever be the house except those that invested in the house bankroll but it's not always profitable as people believe it to be because it also involves risk taking.
Indeed as someone who was at the same time a player and an investor in the house, I can confirm this. Here is my full investment history in Yolodice https://bitcointalk.org/index.php?topic=5254959.0
As a player, I won several times but was too greedy to stop few times which cost me a lot. Overall my stats were negative because I don't know when to stop.
As a small investor, well I passed by bad moments where my balance (and the house) was negative due to lucky dudes sucking a lot of coins. Fortunately those guys don't know when to stop also so they helped us to recover. Others kept winning and made other investors and the house bleeding.
It is what it is, we know the house gives itself an edge, and while some think it is unfair it is completely normal, after all if you buy any product you are not going to buy it for the price the product was produced, you are going to buy it for a higher price so it makes sense to pay a little bit more for the privilege of being able to enjoy your favorite gambling games, so the house over the long term will win and if you are an investor in the casino then you will become a winner as well.

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July 29, 2021, 09:41:11 PM
Last edit: July 30, 2021, 03:28:51 PM by suzanne5223
 #107

The impression of gambling is to give plebs and others which may involve the option of winning through the unguaranteed chance and base on the OP question no gambler will ever be the house except those that invested in the house bankroll but it's not always profitable as people believe it to be because it also involves risk taking.
Indeed as someone who was at the same time a player and an investor in the house, I can confirm this. Here is my full investment history in Yolodice https://bitcointalk.org/index.php?topic=5254959.0
As a player, I won several times but was too greedy to stop few times which cost me a lot. Overall my stats were negative because I don't know when to stop.
As a small investor, well I passed by bad moments where my balance (and the house) was negative due to lucky dudes sucking a lot of coins. Fortunately those guys don't know when to stop also so they helped us to recover. Others kept winning and made other investors and the house bleeding.
It is what it is, we know the house gives itself an edge, and while some think it is unfair it is completely normal, after all if you buy any product you are not going to buy it for the price the product was produced, you are going to buy it for a higher price so it makes sense to pay a little bit more for the privilege of being able to enjoy your favorite gambling games, so the house over the long term will win and if you are an investor in the casino then you will become a winner as well.
I support what you said about not sell at a certain price it was bought. In my perspective, I believe the house edge is still fair but the sad part is that 95% of all gamblers believe the house to always win which is never how it works and people like Snipie which have done bankroll investment can prove it not always like that cause the house make lost at some point.

Fatunad
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July 29, 2021, 09:49:25 PM
 #108

The impression of gambling is to give plebs and others which may involve the option of winning through the unguaranteed chance and base on the OP question no gambler will ever be the house except those that invested in the house bankroll but it's not always profitable as people believe it to be because it also involves risk taking.
Indeed as someone who was at the same time a player and an investor in the house, I can confirm this. Here is my full investment history in Yolodice https://bitcointalk.org/index.php?topic=5254959.0
As a player, I won several times but was too greedy to stop few times which cost me a lot. Overall my stats were negative because I don't know when to stop.
As a small investor, well I passed by bad moments where my balance (and the house) was negative due to lucky dudes sucking a lot of coins. Fortunately those guys don't know when to stop also so they helped us to recover. Others kept winning and made other investors and the house bleeding.
It is what it is, we know the house gives itself an edge, and while some think it is unfair it is completely normal, after all if you buy any product you are not going to buy it for the price the product was produced, you are going to buy it for a higher price so it makes sense to pay a little bit more for the privilege of being able to enjoy your favorite gambling games, so the house over the long term will win and if you are an investor in the casino then you will become a winner as well.
I support what you said about not a certain for the price it was bought. In my perspective, I believe the house edge is still fair but the sad part is that 95% of all gamblers believe the house to always win which is never how it works and people like Snipie which have done bankroll investment can prove it not always like that cause the house make lost at some point.
Bankroll inhouse investments arent guaranteed but you can  really make use that it would be still in positive in longer terms and even though it isnt really that giving much big returns or interest or parting
but still a worthy thing to look or included into your passive income but of course risk would be always there when some whales do hit up some nasty wins then that would surely affect your profits
on that particular month but not that really worrying scenario because it would be eventually be recovered as long there would be people whom do keep playing on the site then profits
would really be continuing to pour in.

R


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July 29, 2021, 09:58:00 PM
 #109

I’m a normal and happy gambler despite of losing money and despite of house winning against me simply because I know that can be the result of my gambling activities. If you’re a gambler your goal should not to beat the house instead to at least have profit while you are playing on your favorite casinos. The house will always be there monitoring your activities, you can’t hide from them.
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July 29, 2021, 10:01:52 PM
 #110

Bankroll inhouse investments arent guaranteed but you can  really make use that it would be still in positive in longer terms and even though it isnt really that giving much big returns or interest or parting
but still a worthy thing to look or included into your passive income but of course risk would be always there when some whales do hit up some nasty wins then that would surely affect your profits
on that particular month but not that really worrying scenario because it would be eventually be recovered as long there would be people whom do keep playing on the site then profits
would really be continuing to pour in.

As mentioned above, the practice (which was shown on this forum in real time) testifies in favor of the fact that investing in bankroll is a very unfortunate undertaking. The risk / reward ratio is terrible. In addition, if you take into account the volatility of cryptocurrencies and compare with the rate of "growth" of your deposit, it turns out that apart from the risk you get nothing.

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July 29, 2021, 10:03:48 PM
 #111


Are you sure that you have never won even once? The statement of "the house always win" applies for those who desperate in their gambling journey. It can be due to bad money management and bad self control. To be frank, I do not believe if you have never won even once. There must be a time when you won some but you could not stop so you lost it all eventually.



So in the end or if generalizing he never won any as he lost it back and ended the day without anything in he bankroll right?
Indeed all gamblers experienced winning that's the very reason greed and addiction take place and start to manage gamblers mindsets, the urge of feeling the winning and the enjoyment that they feel each time they've got the taste of multiplying/growing their bankroll.

Sad but at the end if that certain gambler don't have any control, the statement house always wins continue to rule.


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July 30, 2021, 03:36:54 PM
 #112

The impression of gambling is to give plebs and others which may involve the option of winning through the unguaranteed chance and base on the OP question no gambler will ever be the house except those that invested in the house bankroll but it's not always profitable as people believe it to be because it also involves risk taking.
Indeed as someone who was at the same time a player and an investor in the house, I can confirm this. Here is my full investment history in Yolodice https://bitcointalk.org/index.php?topic=5254959.0
As a player, I won several times but was too greedy to stop few times which cost me a lot. Overall my stats were negative because I don't know when to stop.
As a small investor, well I passed by bad moments where my balance (and the house) was negative due to lucky dudes sucking a lot of coins. Fortunately those guys don't know when to stop also so they helped us to recover. Others kept winning and made other investors and the house bleeding.
It is what it is, we know the house gives itself an edge, and while some think it is unfair it is completely normal, after all if you buy any product you are not going to buy it for the price the product was produced, you are going to buy it for a higher price so it makes sense to pay a little bit more for the privilege of being able to enjoy your favorite gambling games, so the house over the long term will win and if you are an investor in the casino then you will become a winner as well.
I support what you said about not sell at a certain price it was bought. In my perspective, I believe the house edge is still fair but the sad part is that 95% of all gamblers believe the house to always win which is never how it works and people like Snipie which have done bankroll investment can prove it not always like that cause the house make lost at some point.
Bankroll inhouse investments arent guaranteed but you can  really make use that it would be still in positive in longer terms and even though it isnt really that giving much big returns or interest or parting
but still a worthy thing to look or included into your passive income but of course risk would be always there when some whales do hit up some nasty wins then that would surely affect your profits
on that particular month but not that really worrying scenario because it would be eventually be recovered as long there would be people whom do keep playing on the site then profits
would really be continuing to pour in.
Yes, bankroll investment would be good for passive income and could generate positive results if invested for the long term but profit making still not guarantee even when invested for the long term it is like the saying "every investment have its own risk involving".
We have a situation whereby some gambling site bankrupt due to whales' huge winning.

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August 03, 2021, 09:21:04 PM
 #113

The impression of gambling is to give plebs and others which may involve the option of winning through the unguaranteed chance and base on the OP question no gambler will ever be the house except those that invested in the house bankroll but it's not always profitable as people believe it to be because it also involves risk taking.
Indeed as someone who was at the same time a player and an investor in the house, I can confirm this. Here is my full investment history in Yolodice https://bitcointalk.org/index.php?topic=5254959.0
As a player, I won several times but was too greedy to stop few times which cost me a lot. Overall my stats were negative because I don't know when to stop.
As a small investor, well I passed by bad moments where my balance (and the house) was negative due to lucky dudes sucking a lot of coins. Fortunately those guys don't know when to stop also so they helped us to recover. Others kept winning and made other investors and the house bleeding.
It is what it is, we know the house gives itself an edge, and while some think it is unfair it is completely normal, after all if you buy any product you are not going to buy it for the price the product was produced, you are going to buy it for a higher price so it makes sense to pay a little bit more for the privilege of being able to enjoy your favorite gambling games, so the house over the long term will win and if you are an investor in the casino then you will become a winner as well.
I support what you said about not sell at a certain price it was bought. In my perspective, I believe the house edge is still fair but the sad part is that 95% of all gamblers believe the house to always win which is never how it works and people like Snipie which have done bankroll investment can prove it not always like that cause the house make lost at some point.
On the short term due to how unpredictable probabilities can be a player can in fact obtain profits but we know that over the long term the profits are going to go to the casino since they have an advantage over you, this is why it is so difficult for a gambler to be profitable over the long term, however I do not really see why some people get mad about this when they knew from the very beginning that the casino gives itself an edge, and when we compare this edge against what other businesses charge you for their products you will see the house edge is in fact very low.

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August 03, 2021, 09:40:02 PM
 #114

Are you sure that you have never won even once? The statement of "the house always win" applies for those who desperate in their gambling journey. It can be due to bad money management and bad self control. To be frank, I do not believe if you have never won even once. There must be a time when you won some but you could not stop so you lost it all eventually.
So in the end or if generalizing he never won any as he lost it back and ended the day without anything in he bankroll right?
Indeed all gamblers experienced winning that's the very reason greed and addiction take place and start to manage gamblers mindsets, the urge of feeling the winning and the enjoyment that they feel each time they've got the taste of multiplying/growing their bankroll.

Sad but at the end if that certain gambler don't have any control, the statement house always wins continue to rule.

Don't say we never win when we gamble, even though we can't control our greed and can't stop when we win. All gamblers must have
experienced winning, but because he could not control his greed, finally the victory he got was lost. Therefore there are gamblers who feel
they have never won, because they never stop gambling when they get a win. Maybe they forgot the houses always win, so they should be
able to stop gambling if they manage to win and continue playing again the next day. That's one way to feel victory when playing gambling,
by stopping when we get a win.

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August 03, 2021, 10:38:28 PM
 #115

Are you sure that you have never won even once? The statement of "the house always win" applies for those who desperate in their gambling journey. It can be due to bad money management and bad self control. To be frank, I do not believe if you have never won even once. There must be a time when you won some but you could not stop so you lost it all eventually.
You are right, there must be something wrong with the players if he never won or even saying about "the house always wins".
Although the house always has bigger chances to win, there is also a chance for us to win. Of course, it will depend on how we play or gamble, including what you said so. Good management of the funds, strategy, risks, and emotions are the combination that should be paid attention to.

R


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August 03, 2021, 10:51:49 PM
 #116

~snip~
Dont even try to think on beating up the house because this is way too impossible.
^ Definitely right, if all gambling businesses will end up keep losing house edge probably none of them will ever survive, it will probably most of them will stop running a business. That is a business and I think no one will waste money if you have a gambling site that always losing money. However, on other hand, gambling is intended for entertainment purposes only so never think of beating the house edge because that is impossible that you will continuously win on it.
Some people do have that competitiveness in mind which do end up on having wrong motives towards gambling which do end up on trying to beat the house even they are aware with the risk due to house edge until they do realize their mistakes when they are already experiencing huge loss or unfortunate things happen into their lives. Gambling is indeed for entertainment and people shouldnt really be forcing out on making it as a source
of income which is really a very wrong mindset to have. Play on your own risk and minding that you are paying for the entertainment you do seek and winnings is just a bonus.

R


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August 04, 2021, 02:36:42 AM
 #117

Are you sure that you have never won even once? The statement of "the house always win" applies for those who desperate in their gambling journey. It can be due to bad money management and bad self control. To be frank, I do not believe if you have never won even once. There must be a time when you won some but you could not stop so you lost it all eventually.
You are right, there must be something wrong with the players if he never won or even saying about "the house always wins".

maybe let us not exaggerate the term because we knew that it does not mean completely winning, OP means house wins more than us so if you are playing best to have right timing when to bet and when to stand up to prevent more losses.

Quote
Although the house always has bigger chances to win, there is also a chance for us to win. Of course, it will depend on how we play or gamble, including what you said so. Good management of the funds, strategy, risks, and emotions are the combination that should be paid attention to.

in the end still it is our discipline will make us win against the house because the constant we play is the highest risk of losing.

I’m a normal and happy gambler despite of losing money and despite of house winning against me simply because I know that can be the result of my gambling activities. If you’re a gambler your goal should not to beat the house instead to at least have profit while you are playing on your favorite casinos. The house will always be there monitoring your activities, you can’t hide from them.
Yes, know your position and limitation .

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August 04, 2021, 03:33:19 AM
 #118

The houses always win, are you the house or the gambler?

Remember only idiot take high risk to get high reward. The houses do not take risk but telling all of you to take high risk. Whether it’s bear market or bull market, the houses always win. The houses do not care whether some of you wageslave plebs actually make a lot of money from the high risk high reward. The houses need some of you plebs to make a good example to a get rich quick scheme, to educate all other wageslaves to not give up the hopes of beating the house. Are you the house or the gambler?



The only time the house gamble is when they are setting up their gambling sites and they are creating their reputation and invite gamblers to play, but after that, they always win against the gambler to cover the cost of the operation, gamblers sometimes win but not all the time, a gambler should always take this fact, whenever he is playing so he will not get surprised why he is not winning, there's always a reminder to play for fun not to make money.

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August 04, 2021, 10:38:33 AM
 #119

The houses always win, are you the house or the gambler?

Remember only idiot take high risk to get high reward. The houses do not take risk but telling all of you to take high risk. Whether it’s bear market or bull market, the houses always win. The houses do not care whether some of you wageslave plebs actually make a lot of money from the high risk high reward. The houses need some of you plebs to make a good example to a get rich quick scheme, to educate all other wageslaves to not give up the hopes of beating the house. Are you the house or the gambler?



The only time the house gamble is when they are setting up their gambling sites and they are creating their reputation and invite gamblers to play, but after that, they always win against the gambler to cover the cost of the operation, gamblers sometimes win but not all the time, a gambler should always take this fact, whenever he is playing so he will not get surprised why he is not winning, there's always a reminder to play for fun not to make money.

Planning the business and create attracting offers to bring gamblers inside the house, indeed. House needs to gamble with this as they are unsure if they'll be able to gain attentions.

But knowing the characteristics of those active gamblers, with good perks and comfortable gaming they'll keeps coming back to play.

After that, mostly house will win maybe experienced gamblers will take money out but it will can covered by HE coming from other gamblers who also playing inside.

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August 04, 2021, 11:52:27 AM
 #120

Using the term "idiot" for those who are risking their money in gambling is way below the belt. You can't blame them and call them "idiot" for making a choice to know the result, that's part of our lives, making choices. It's better to risk than doing nothing at all while keep on thinking what might happen.

But it has a consequence of course. Pushing yourself too far just to make money in gambling will lead you to addiction that will make gambling even more harder than your first time doing it.
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August 04, 2021, 10:18:14 PM
 #121

The houses always win, are you the house or the gambler?

...

In a marriage
The house is: wife, women, family court, feminist, parent to the spouse, baby who gave birth, mother to the baby, Melinda gates.
The gambler is: the husband, men in general, beta cuck wageslave plebs, bill gates, elon.

...

I cannot believe that I am reading this. How is "the wife" the house? Firstly, not all marriages are wife and husband, secondly, not only men can be entrepreneurs and take risk, thirdly, and this is what you really got wrong and may cause a problem in you life: your partner is not your adversary, it is part of your team and the most valuable life resource. It is never about who wins and who does not because the team cannot be happy if one of the members is not happy - which means that everyone has to look after the other or eventually they will either part ways or be unhappy together.

I take it you come from a culture in which women are not treated as equals and you seem to have a resentment on the role you have imposed on yourself. Your loss.

As for the rest of the analysis... most of it shows the general lack of knowledge about crypto that can be expected from a Jr.
Fine
I accept this challenge.
Women always win.
In the school, women always win, girls always win boys by academic achievement, boys need sheer luck to win girls generally in the school.

In the job market, women always win, girls generally easier to get the job, boys generally failed to get the job, the job market is sexist. Banker are usually hiring girls, hot girls, no boys strictly, boys do not allowed to be banker, sales and marketing, women strictly, the list goes on. Programming and block chain some of these very neets occupation, even girl find it unattractive to work for, it’s the job for boys generally.

In the social media, women always win, women get likes and views create effortless content, even get millions to billions views for something very simple. Boy need to create very strong content, and also sheer luck to win over the audience.

In dating market, women always win. Girls get laid as easy as swipe left or right. Boys, however constantly ask about how to get laid, because they dunno how to get laid, they can work so hard, try so many tricks, spend so much money, no luck can help you sorry pal, please pray for your next life is a woman.

In sport too, women always win.
Wife always win.

Boy always lose, it’s what they’re designed to live on this planet, they’re loser by default, for the rest of life, boy can never be the house since they always lose.

Conclusion? Women is the house, wife is the house, they always win, they keep winning, they never lose.

Not much of challenge really. You are just making assertions about girls winning in the school, being better on the dating market...

On the social media, you have both artists female and male and range in between. All famous, all well paid. Girls tend to do better in views, that may be interpreted as "winning", except that there is not a male vs female competition, that is, a lady is not taking the view from a gentlemen, they simply have different public.

In general, and speaking only of hetero relations, which I insist are not the only ones existing, it is true that ladies tend to get asked and have certain choice, while the boys tend to ask and take the chances. That is just a game. The boys have to overcome their shyness and take their chances, but the girls have to take the risk of accepting and sometimes the risk of rejecting.  In the end, both may loose, if you understand "loosing" by not getting together with the couple of their choice or getting a couple that turns out to be incompatible (or a jerk, or an abuser, or a drunkard, or...)

Anyway, that is just speaking in general and for me it is clear that in the love game everyone may win or loose, irrespectively of their sex. You need to review your way of thinking.

In sports women win? That is something I just don´t get.
Wife always wins? I insist, she is not your adversary (if you are a man), she is your ally. I think you are referring to minor things, in which I admit is better to let them win. For the important things, your view is as important as hers (if not more) and if that is not the case, you choose wrongly.

Women have to go through a huge number of problems of their own. Being a woman is anything but easy. For starters, you usually will have less physical power. That is usually not a problem... but sometimes it is. Also, every month you will experience a few awful days, also, you will likely take much more work at home (on average) and will have to give birth and usually care for children in a greater measure. In some cultures, the wife is completely under the will of the husband, never free to choose her destiny. They are sold into sexual slavery, attacked with acid because they do not like certain man, stoned to death,...

Yep... if you ever reincarnate, I also wish you are a lady.



She was attacked with acid. She did not win.

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August 04, 2021, 10:57:46 PM
 #122

Using the term "idiot" for those who are risking their money in gambling is way below the belt. You can't blame them and call them "idiot" for making a choice to know the result, that's part of our lives, making choices. It's better to risk than doing nothing at all while keep on thinking what might happen.

But it has a consequence of course. Pushing yourself too far just to make money in gambling will lead you to addiction that will make gambling even more harder than your first time doing it.
Anything that do exceed into your limit can really be called idiots or fools that do let themselves fall into the pit of addiction and false hope that they could make theirselves rich with gambling.
House do always win in the end even though there are times which some people could really make some negative profit in the house when they won big but in long term process as people
would continue to play then profits or revenue wont really be that a problem.They wouldnt last that long if they werent really making sufficient profits.
So its up to someone to have that kind of limitation when it comes to finances.

R


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August 04, 2021, 11:59:55 PM
 #123

Using the term "idiot" for those who are risking their money in gambling is way below the belt. You can't blame them and call them "idiot" for making a choice to know the result, that's part of our lives, making choices. It's better to risk than doing nothing at all while keep on thinking what might happen.

But it has a consequence of course. Pushing yourself too far just to make money in gambling will lead you to addiction that will make gambling even more harder than your first time doing it.
Anything that do exceed into your limit can really be called idiots or fools that do let themselves fall into the pit of addiction and false hope that they could make theirselves rich with gambling.
House do always win in the end even though there are times which some people could really make some negative profit in the house when they won big but in long term process as people
would continue to play then profits or revenue wont really be that a problem.They wouldnt last that long if they werent really making sufficient profits.
So its up to someone to have that kind of limitation when it comes to finances.

And sadly, many fall on that category, because a lot of them are hoping that they will hit the jackpot and go home big. But if you know your limitations when it comes to gambling, then, your family is lucky. A lot of families are being ruined owed to gambling. So before anything in your life is ruined by gambling, change your lifestyle before it is too late. House has always the advantage and only few can get lucky in this game. One should remember the reasons why they are into this industry.
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August 06, 2021, 05:46:13 PM
 #124

The impression of gambling is to give plebs and others which may involve the option of winning through the unguaranteed chance and base on the OP question no gambler will ever be the house except those that invested in the house bankroll but it's not always profitable as people believe it to be because it also involves risk taking.
Indeed as someone who was at the same time a player and an investor in the house, I can confirm this. Here is my full investment history in Yolodice https://bitcointalk.org/index.php?topic=5254959.0
As a player, I won several times but was too greedy to stop few times which cost me a lot. Overall my stats were negative because I don't know when to stop.
As a small investor, well I passed by bad moments where my balance (and the house) was negative due to lucky dudes sucking a lot of coins. Fortunately those guys don't know when to stop also so they helped us to recover. Others kept winning and made other investors and the house bleeding.
It is what it is, we know the house gives itself an edge, and while some think it is unfair it is completely normal, after all if you buy any product you are not going to buy it for the price the product was produced, you are going to buy it for a higher price so it makes sense to pay a little bit more for the privilege of being able to enjoy your favorite gambling games, so the house over the long term will win and if you are an investor in the casino then you will become a winner as well.
I support what you said about not sell at a certain price it was bought. In my perspective, I believe the house edge is still fair but the sad part is that 95% of all gamblers believe the house to always win which is never how it works and people like Snipie which have done bankroll investment can prove it not always like that cause the house make lost at some point.
On the short term due to how unpredictable probabilities can be a player can in fact obtain profits but we know that over the long term the profits are going to go to the casino since they have an advantage over you, this is why it is so difficult for a gambler to be profitable over the long term, however I do not really see why some people get mad about this when they knew from the very beginning that the casino gives itself an edge, and when we compare this edge against what other businesses charge you for their products you will see the house edge is in fact very low.
It an up and down momentum cause the house doesn't always win for a long term if we are talking about a gambling site that is fair with their game result that's why the house was created to favor the house and this is the only advantage the house had over the players/gamblers.

The people mad due to gambling lost or the house dont do the basic research about gambling to understand the major concept behind it and they can only blame themselves for it not the house.

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August 08, 2021, 06:09:59 PM
 #125

Are you sure that you have never won even once? The statement of "the house always win" applies for those who desperate in their gambling journey. It can be due to bad money management and bad self control. To be frank, I do not believe if you have never won even once. There must be a time when you won some but you could not stop so you lost it all eventually.
You are right, there must be something wrong with the players if he never won or even saying about "the house always wins".
Although the house always has bigger chances to win, there is also a chance for us to win. Of course, it will depend on how we play or gamble, including what you said so. Good management of the funds, strategy, risks, and emotions are the combination that should be paid attention to.

Based on my observations the people that say that have problems with their gambling, basically there is a point in which they are ahead of the house and they could remain that way if they simply called it a day and did something else, but they cannot stop gambling and they keep doing it until their balance begins to go down, they simply cannot accept this and do everything they can to recover the money they lost and that is when they lose the money they have won that day and lament themselves about it, but if faced with the same situation they will do the same all over again.

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August 09, 2021, 02:32:34 AM
 #126

And sadly, many fall on that category, because a lot of them are hoping that they will hit the jackpot and go home big. But if you know your limitations when it comes to gambling, then, your family is lucky. A lot of families are being ruined owed to gambling. So before anything in your life is ruined by gambling, change your lifestyle before it is too late. House has always the advantage and only few can get lucky in this game. One should remember the reasons why they are into this industry.
But the fact is people still trying to playing gambling to hit the jackpot. That will not stop them, even if they can hit the jackpot someday. But there are gamblers who knows their limit and never try to break it because they really know the risk and what consequences that they can get from gambling, especially if they lose some money. It is why we need to remember that playing gambling with limitations will help us to manage the money. But it is more better if we do not gambling and give all the money to our family.

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August 09, 2021, 03:01:09 AM
 #127

But the fact is people still trying to playing gambling to hit the jackpot. That will not stop them, even if they can hit the jackpot someday. But there are gamblers who knows their limit and never try to break it because they really know the risk and what consequences that they can get from gambling, especially if they lose some money. It is why we need to remember that playing gambling with limitations will help us to manage the money. But it is more better if we do not gambling and give all the money to our family.
If they can control their urges to play then they aren't to be considered a gambler but more like an occasional players, gambler implies that they should be consistent in playing. I don't necessarily disagree with your claim that players won't stop gambling even when they got the jackpot since there are some people that really did win the big money and still plays to this day because it happens but it's not entirely true for everyone.
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August 09, 2021, 04:28:46 AM
 #128

Are you sure that you have never won even once? The statement of "the house always win" applies for those who desperate in their gambling journey. It can be due to bad money management and bad self control. To be frank, I do not believe if you have never won even once. There must be a time when you won some but you could not stop so you lost it all eventually.
You are right, there must be something wrong with the players if he never won or even saying about "the house always wins".
Although the house always has bigger chances to win, there is also a chance for us to win. Of course, it will depend on how we play or gamble, including what you said so. Good management of the funds, strategy, risks, and emotions are the combination that should be paid attention to.
Don't take it word for word I must say. The meaning of the "house always wins" here is that in the long term, users would only lose money, and not really win if they were to keep gambling, while the house, would always earn money even if you win, since you're just going to gamble it back. It's a simple but vicious cycle. Heck, even if you win, just consider the amount of money you actually lost before winning that amount. Sure, you may be one of those rare people who won after a few games, but that case is rare a f and can't really be considered as a normal situation when taking into account other gamblers.

R


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ethereumhunter
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August 09, 2021, 05:45:13 AM
 #129

But the fact is people still trying to playing gambling to hit the jackpot. That will not stop them, even if they can hit the jackpot someday. But there are gamblers who knows their limit and never try to break it because they really know the risk and what consequences that they can get from gambling, especially if they lose some money. It is why we need to remember that playing gambling with limitations will help us to manage the money. But it is more better if we do not gambling and give all the money to our family.
If they can control their urges to play then they aren't to be considered a gambler but more like an occasional players, gambler implies that they should be consistent in playing. I don't necessarily disagree with your claim that players won't stop gambling even when they got the jackpot since there are some people that really did win the big money and still plays to this day because it happens but it's not entirely true for everyone.
Unfortunately, their urges will become bigger when they win for some rounds and telling to themselves that their luck is come and help them to win. Those gambler who hit the jackpot can stop playing gambling and enjoy the money, but they can start gambling again if they already spent the win money and will think that they can win for some money someday. It is normal if they think like that because they have experienced for winning the money so that will make them to think like that again.

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August 09, 2021, 06:32:18 AM
 #130

The houses always win, are you the house or the gambler?

Remember only idiot take high risk to get high reward.
if you don't consider your self as an idiot then never gamble lol, because gambling is place where people wanted to risk to earn big and that is reality , if you don't know that then you know nothing about gambling that's it.

Quote
The houses do not take risk but telling all of you to take high risk. Whether it’s bear market or bull market, the houses always win. [/b]The houses do not care whether some of you wageslave plebs actually make a lot of money from the high risk high reward. The houses need some of you plebs to make a good example to a get rich quick scheme, to educate all other wageslaves to not give up the hopes of beating the house. Are you the house or the gambler?


we are gambler and we cannot be a house , you engaged in gambling then you must know what is your future , if not ? then leave now.
lienfaye
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August 09, 2021, 08:09:10 AM
 #131

The houses always win, are you the house or the gambler?

Remember only idiot take high risk to get high reward.
if you don't consider your self as an idiot then never gamble lol, because gambling is place where people wanted to risk to earn big and that is reality , if you don't know that then you know nothing about gambling that's it.
And I think its not wrong to try your luck in gambling, if you win then great, if you lose then so be it thats the consequences of being a gambler and you should be aware of this kind of scenario. There's no house if there's no gambler but it doesnt mean you're at the wrong position, as long as you enjoy what you do and has a guts to face the risk then you're free to make a choice.

peter0425
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August 09, 2021, 09:55:41 AM
 #132

The houses always win, are you the house or the gambler?

Remember only idiot take high risk to get high reward.
if you don't consider your self as an idiot then never gamble lol, because gambling is place where people wanted to risk to earn big and that is reality , if you don't know that then you know nothing about gambling that's it.
And I think its not wrong to try your luck in gambling, if you win then great, if you lose then so be it thats the consequences of being a gambler and you should be aware of this kind of scenario. There's no house if there's no gambler but it doesnt mean you're at the wrong position, as long as you enjoy what you do and has a guts to face the risk then you're free to make a choice.
Gambling is mostly a Luck games , there are some who claims that sportsbetting is a gambling form that can use skills and knowledge yet it is still a Luck based game in which you can lose even how hard you try to find who will win.
also why do we gamble? because we want our money to doubled or even much higher.

and why call Idiot the people that take high risk?

maybe he does not remember that the higher you risk is the higher your chance to earn more .

best not to believe what OP mentioned and instead lets think that he is the IDIOT here and not risk takers like us.









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finaleshot2016
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August 09, 2021, 12:08:00 PM
 #133

The houses always win, are you the house or the gambler?

Remember only idiot take high risk to get high reward.
if you don't consider your self as an idiot then never gamble lol, because gambling is place where people wanted to risk to earn big and that is reality , if you don't know that then you know nothing about gambling that's it.
And I think its not wrong to try your luck in gambling, if you win then great, if you lose then so be it thats the consequences of being a gambler and you should be aware of this kind of scenario. There's no house if there's no gambler but it doesnt mean you're at the wrong position, as long as you enjoy what you do and has a guts to face the risk then you're free to make a choice.
Gambling is mostly a Luck games , there are some who claims that sportsbetting is a gambling form that can use skills and knowledge yet it is still a Luck based game in which you can lose even how hard you try to find who will win.
also why do we gamble? because we want our money to doubled or even much higher.

and why call Idiot the people that take high risk?

maybe he does not remember that the higher you risk is the higher your chance to earn more .

best not to believe what OP mentioned and instead lets think that he is the IDIOT here and not risk takers like us.
There are games that use strategy to win, but there are also luck-based mechanics where cards are dealt to each player. Yes, we can't deny that gambling is a pure-luck game, and we can't predict whether we'll lose or win; we can't decide, and the only thing we can do is bet and wait for the outcome.

People who take high risk aren't idiots; most of them are whales, and the money they're risking is only a small portion of their assets; therefore, don't label them as idiots simply because they're taking high risk. Those who take high risks also receive high rewards; this is a common quote even in real life; why are you unaware of this?
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August 09, 2021, 01:56:25 PM
 #134


Of course the casinos will have an edge in their games, why would any company over free money? But even if our winning chance is below 50% it is not 0%. So why are we idiots if we like gambling? Just don't go in with the expectations of winning a lot of money. It is more likely that we are losing than winning in gambling, but we still have the chance to win. Putting our money in a savings account won't give us any real return. At least with gambling we have a chance for a nice pay day.

Considering your point, putting your money in a savings account also won't harmed you and not going to take risk of losing it all.

The fact that gambling is for those who have that nerve to take the risk and have a good will in accepting whatever outcomes happened after playing,
if you can't deal with that better not to play any game.

There are many ways to entertain yourself, gambling is part of it or if you are aiming for making money better to find other alternatives.
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August 12, 2021, 10:07:12 AM
 #135

Why not both?

Gamble for fun, but have the bulk of your money invested in the house's bankroll. This is the beauty of BTC based casinos.

Casino investments have turned out to be extremely lucrative for anyone who has participated in them, as long as you diversify across a range of casinos. You can also make your own odds on a betting exchange instead of accepting the retail odds given to you by sportsbooks to maximise your returns.

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August 12, 2021, 06:12:01 PM
 #136

The houses always win, are you the house or the gambler?

Remember only idiot take high risk to get high reward.
if you don't consider your self as an idiot then never gamble lol, because gambling is place where people wanted to risk to earn big and that is reality , if you don't know that then you know nothing about gambling that's it.
And I think its not wrong to try your luck in gambling, if you win then great, if you lose then so be it thats the consequences of being a gambler and you should be aware of this kind of scenario. There's no house if there's no gambler but it doesnt mean you're at the wrong position, as long as you enjoy what you do and has a guts to face the risk then you're free to make a choice.
The problem is that not a lot of people can stop and just accept the consequences of being a gambler, they want to win and we know that the possibility of losing is higher over the long term, that is just the way it is but there are a lot of people that cannot accept this simple fact and once they lose instead of just accepting it they are going to take it as a challenge and they will keep gambling until the day in which they suffer a huge loss and their path to addiction begins.

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stomachgrowls
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August 12, 2021, 09:59:34 PM
 #137

The houses always win, are you the house or the gambler?

Remember only idiot take high risk to get high reward.
if you don't consider your self as an idiot then never gamble lol, because gambling is place where people wanted to risk to earn big and that is reality , if you don't know that then you know nothing about gambling that's it.
And I think its not wrong to try your luck in gambling, if you win then great, if you lose then so be it thats the consequences of being a gambler and you should be aware of this kind of scenario. There's no house if there's no gambler but it doesnt mean you're at the wrong position, as long as you enjoy what you do and has a guts to face the risk then you're free to make a choice.
The problem is that not a lot of people can stop and just accept the consequences of being a gambler, they want to win and we know that the possibility of losing is higher over the long term, that is just the way it is but there are a lot of people that cannot accept this simple fact and once they lose instead of just accepting it they are going to take it as a challenge and they will keep gambling until the day in which they suffer a huge loss and their path to addiction begins.
When someone tends to gamble then the primary motive in mind will mostly be on how to make easy or fast money with less effort which neither they do see from other gamblers or just simply see some advertisement
which did poke out their interest and this is where it starts when you do gamble its neither you would stop when you do lost or would continue when you do tend to chase losses which is a common behavior of most gamblers.

House do always win as usual specially in long term plays but it isnt really that much bad if you do really just play and dont mind about on getting profits but rather do look for entertainment.

It is just people do really go overboard this is why they do really end up on getting wrecked in the end of the day.Dont ask on things which is impossible likely in gambling.


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August 16, 2021, 09:42:27 PM
 #138

Of course the casinos will have an edge in their games, why would any company over free money? But even if our winning chance is below 50% it is not 0%. So why are we idiots if we like gambling? Just don't go in with the expectations of winning a lot of money. It is more likely that we are losing than winning in gambling, but we still have the chance to win. Putting our money in a savings account won't give us any real return. At least with gambling we have a chance for a nice pay day.
Many people think it is unfair but that is just the way it works, look at any product that you have ever bought, do you think you bought that product at the price that it took to produce it? Of course not, you paid a premium for the product as you are unable to make it by yourself and the same is true for the services you are sold, and gambling is not an exception to this as the owners of the casino need to earn some money and they give themselves an edge on their games.

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August 18, 2021, 11:53:14 PM
 #139

Of course the casinos will have an edge in their games, why would any company over free money? But even if our winning chance is below 50% it is not 0%. So why are we idiots if we like gambling? Just don't go in with the expectations of winning a lot of money. It is more likely that we are losing than winning in gambling, but we still have the chance to win. Putting our money in a savings account won't give us any real return. At least with gambling we have a chance for a nice pay day.
Many people think it is unfair but that is just the way it works, look at any product that you have ever bought, do you think you bought that product at the price that it took to produce it? Of course not, you paid a premium for the product as you are unable to make it by yourself and the same is true for the services you are sold, and gambling is not an exception to this as the owners of the casino need to earn some money and they give themselves an edge on their games.

Gambling business is thriving because of what they are. Their system has been established already and there's no more questioning about their house edge or what not. Now, as a player/gambler, it is your choice if you want to be slave of gambling or not. Or just a moderate player who knows his limits. It is always your choice how to live your life with gambling.
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August 20, 2021, 08:46:53 PM
 #140

The houses always win, are you the house or the gambler?

Remember only idiot take high risk to get high reward. The houses do not take risk but telling all of you to take high risk. Whether it’s bear market or bull market, the houses always win. The houses do not care whether some of you wageslave plebs actually make a lot of money from the high risk high reward. The houses need some of you plebs to make a good example to a get rich quick scheme, to educate all other wageslaves to not give up the hopes of beating the house. Are you the house or the gambler?
I don't know why I am even replying but I felt people must know what's wrong with this mentality - The House Always Wins

Look, gambling is meant for entertainment. Do we ever say the circus owner always wins or the owner of the live event always wins? No. That is because we consider going to a live event by purchasing a ticket, as entertainment. The mentality of earning from gambling is what makes us say "the house always wins". The house always wins because we are losing more than we should have lost.

Consider gambling just as a means of entertainment and you will never have problems.

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August 20, 2021, 09:22:55 PM
 #141

The house always wins because we are losing more than we should have lost.
That's not the main reason why they always win, it's actually the house edge. Also, they don't win on a daily basis, but because they have the edge, gamblers will eventually lose in the long run. Do you think gamblers will patronize casinos if they lose every time they gamble? no, there are times they are lucky and they win, so they'll come back and lose, it's just an ordinary day but most gamblers do not really tally their cash in and out.

Consider gambling just as a means of entertainment and you will never have problems.

Good advice though.

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August 20, 2021, 09:37:18 PM
 #142

Of course the casinos will have an edge in their games, why would any company over free money? But even if our winning chance is below 50% it is not 0%. So why are we idiots if we like gambling? Just don't go in with the expectations of winning a lot of money. It is more likely that we are losing than winning in gambling, but we still have the chance to win. Putting our money in a savings account won't give us any real return. At least with gambling we have a chance for a nice pay day.
Many people think it is unfair but that is just the way it works, look at any product that you have ever bought, do you think you bought that product at the price that it took to produce it? Of course not, you paid a premium for the product as you are unable to make it by yourself and the same is true for the services you are sold, and gambling is not an exception to this as the owners of the casino need to earn some money and they give themselves an edge on their games.
Gambling business is thriving because of what they are. Their system has been established already and there's no more questioning about their house edge or what not. Now, as a player/gambler, it is your choice if you want to be slave of gambling or not. Or just a moderate player who knows his limits. It is always your choice how to live your life with gambling.

I agree it all depends on each of us, what kind of gambler we want to be, we decide for ourselves. What happens to someone while gambling is
their own responsibility. As long as the casino where we play is not coercive, the loss that occurs when gambling is our own who bears it.
Because it is not wise to blame the casino for the losses we experience, from the start we know the casino always wins. Therefore make sure
before gambling we know the risks of gambling, so that we can become responsible gamblers.

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perfect999
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August 20, 2021, 09:38:31 PM
 #143

Gambling business is thriving because of what they are. Their system has been established already and there's no more questioning about their house edge or what not. Now, as a player/gambler, it is your choice if you want to be slave of gambling or not. Or just a moderate player who knows his limits. It is always your choice how to live your life with gambling.
I never thought someone would use terms like a slave of gambling. I mean yeah gambling addiction is dangerous and must be avoided at all costs, but that doesn't mean gambling is that bad of an activity. I have been gambling for almost the entirety of my stay in the crypto and I have had big losses and wins but never felt too strong about gambling at all.

You are right that if a player knows his limits, they would never have a problem with gambling. Excess of almost anything is a problem, be it gambling or alcohol or just anything really.
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August 20, 2021, 09:46:02 PM
 #144

Gambling business is thriving because of what they are. Their system has been established already and there's no more questioning about their house edge or what not. Now, as a player/gambler, it is your choice if you want to be slave of gambling or not. Or just a moderate player who knows his limits. It is always your choice how to live your life with gambling.
I never thought someone would use terms like a slave of gambling. I mean yeah gambling addiction is dangerous and must be avoided at all costs, but that doesn't mean gambling is that bad of an activity. I have been gambling for almost the entirety of my stay in the crypto and I have had big losses and wins but never felt too strong about gambling at all.

You are right that if a player knows his limits, they would never have a problem with gambling. Excess of almost anything is a problem, be it gambling or alcohol or just anything really.

We just have to be responsible so we will not suffer losses that are already beyond our expectations. Gambling is fun but risk, these words should be put in our minds so we will know how to manage the risk and manage our money in gambling. It's alright to have a mentality to win, but thinking of wins only is bad as any time you could also lose and it's very important that you need to manage yourself properly so you will stay discipline.

It's about winning and your ability to manage yourself when you are losing.



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August 20, 2021, 09:52:39 PM
 #145

You are right that if a player knows his limits, they would never have a problem with gambling. Excess of almost anything is a problem, be it gambling or alcohol or just anything really.
Anything done that crosses the line always seem to be considered bad behavior that end up harming. Gambling must also have control so that gamblers can prevent many of the problem that exist in gambling, including finance. I have no serious gambling addiction and I have no habit of drinking alcohol or smoking marijuana. This allows me to control the gambling and so far I'm doing well without too many problem.

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August 20, 2021, 10:05:53 PM
 #146

We just have to be responsible so we will not suffer losses that are already beyond our expectations. Gambling is fun but risk, these words should be put in our minds so we will know how to manage the risk and manage our money in gambling. It's alright to have a mentality to win, but thinking of wins only is bad as any time you could also lose and it's very important that you need to manage yourself properly so you will stay discipline.

It's about winning and your ability to manage yourself when you are losing.
^ Definitely right, all you have to do is to manage yourself whatever happens. Always put in mind that gambling is not a way of making money, that is just entertainment but not of chasing money. Also, you have a limit to stay in gambling because the more you gamble the more the chances that you will lose.
Nevertheless, either you are a gambler or a house are the same risk,  that is a business that includes risk, if you don't know how to handle it properly, you will end up nothing.
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August 20, 2021, 11:00:17 PM
 #147

No businessman will make a business when they know that they will lose all of their money there.
What is the purpose why they are building a business?? In order for them to earn money right?

In gambling industry, the house always wins because they are playing with the emotions of the gambler. A gambler who can't control himself will always gamble and gamble until he losses his last amounts of money because of greed, desperation to win money, and lack of self-control. The house wants that because they are earning thru it and when bad things happened to that gambler, they aren't the ones to blame with Cheesy.

I think this is pretty obvious that the house always win because its a business and no business will be made and then will lose in the end. I've never heard of any big gambling casinos though that ended up bankrupt Cheesy. All of them are always winning. As for me, I'm a poor gambler that uses only a small amounts of money when it comes to gambling and I'm gambling only few times in a month.

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August 20, 2021, 11:04:54 PM
 #148

We just have to be responsible so we will not suffer losses that are already beyond our expectations. Gambling is fun but risk, these words should be put in our minds so we will know how to manage the risk and manage our money in gambling. It's alright to have a mentality to win, but thinking of wins only is bad as any time you could also lose and it's very important that you need to manage yourself properly so you will stay discipline.

It's about winning and your ability to manage yourself when you are losing.
^ Definitely right, all you have to do is to manage yourself whatever happens. Always put in mind that gambling is not a way of making money, that is just entertainment but not of chasing money. Also, you have a limit to stay in gambling because the more you gamble the more the chances that you will lose.
Nevertheless, either you are a gambler or a house are the same risk,  that is a business that includes risk, if you don't know how to handle it properly, you will end up nothing.
yeah, if we can take risks and enjoy the moment, have no problem with that as this thing is not the right place to make money but this was the place to enjoy. Thus, if we wanted not to lose our money, then have to step away from gambling but instead invest it. Because we can't just rely on our future to a luck based game, that was a wrong idea to anyone who thinks that gambling could help them to uplift their life status as this seem impossible to happen, maybe we could lose more than to win, that was the reality in here.

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August 20, 2021, 11:19:04 PM
 #149

The houses always win, are you the house or the gambler?

Do houses always win? No! Homes almost never lose.
We've had countless cases of lucky players who have won big prizes and them withdraw money from the house to their wallet (if not a scam).
The fact is that when you win a good prize, most of the times peoples continue to bet, giving the house the chance to recover from the loss it had.

The solution is simple, plan with a limit on spending and maximum bets, the house will continue to win, but at least you won't leave grumbling.
No it's wrong house loses very oftentimes, for example at the roulette, the house loses almost half of the time, when the player bet on odd or even, red or black, high or low... So the house loses against many players, but it wins against most of them.
The house will still win from many gamblers and even if they lose because of one or two gamblers, they still got the biggest money from the other. Many gamblers will spend their money playing gambling and many of them losing the money for playing for a long time. And that can be a benefit for the gamblers, especially if the gamblers can not control themselves and use more money to gamble. If the casino has many favorite gambling games that can attract many gamblers to play, many gamblers will lose their money.
I don't understand why you say that can be a benefit for the gamblers if they can not control themselves and if they use more money to gamble. I think the opposite actually, if a gambler can't control himself and spend more and more money in a game, he will empty his bankroll and will get rekt at the end. It's usually better to take care of the management of the bankroll.

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August 20, 2021, 11:45:04 PM
 #150

No businessman will make a business when they know that they will lose all of their money there.
What is the purpose why they are building a business?? In order for them to earn money right?
That's the simplest logic that people have to understand on why they think the house always wins. It's a business that they've built and it's not just going to giveaway the fund that they've put into as capital to keep it going.

Even if without the logic, you ask someone who doesn't gamble that much but is aware of this, he'll tell those folks that in the end they have to realize that the house will always ending up making money from their gamblers.

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August 20, 2021, 11:50:45 PM
 #151

No businessman will make a business when they know that they will lose all of their money there.
What is the purpose why they are building a business?? In order for them to earn money right?
That's the simplest logic that people have to understand on why they think the house always wins. It's a business that they've built and it's not just going to giveaway the fund that they've put into as capital to keep it going.

Even if without the logic, you ask someone who doesn't gamble that much but is aware of this, he'll tell those folks that in the end they have to realize that the house will always ending up making money from their gamblers.
There are still Casinos who are losing much money and that is not because of the house always win but because of the government pressure, mismanaged of funds so technically Casinos are still vulnerable for losses. Anyway, gamblers are losing money because of their own behavior and mindset about gambling, we know the house will do everything to earn money and we should understand that probability of winning against the house.
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August 21, 2021, 01:46:20 AM
 #152

Bookies have very large funds and to beat them cannot be done conventionally.
It is the greed or greed of the bettors that makes the bookies win continuously and most novice gamblers will not be made to lose they will be made to win so they are addicted and after that there will be no mercy.
and although there are some bookies who suffer losses will be borne or won from other bookies so that no house suffers a loss as long as many gamblers play unless the house has no visitors.
and this is a very big earning business and there will definitely be some trick or other way to beat the gamblers.

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molsewid
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August 21, 2021, 04:41:10 AM
 #153

No businessman will make a business when they know that they will lose all of their money there.
What is the purpose why they are building a business?? In order for them to earn money right?

In gambling industry, the house always wins because they are playing with the emotions of the gambler. A gambler who can't control himself will always gamble and gamble until he losses his last amounts of money because of greed, desperation to win money, and lack of self-control. The house wants that because they are earning thru it and when bad things happened to that gambler, they aren't the ones to blame with Cheesy.

I think this is pretty obvious that the house always win because its a business and no business will be made and then will lose in the end. I've never heard of any big gambling casinos though that ended up bankrupt Cheesy. All of them are always winning. As for me, I'm a poor gambler that uses only a small amounts of money when it comes to gambling and I'm gambling only few times in a month.

Precisely mate there's no businessman that will build a business without an assurance that they will earn a profit from it. A gambling business is just one of the many kind of businesses out there there and as we all know that the house always wins. The house were playing with the emotions of the gambler because there is where they can take a chance to win a house. And I think as a gambler we already know this but we do love the concept of gambling not just for entertainment but also the chance to get win a prize.
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August 21, 2021, 05:05:47 AM
 #154

I think it would be better to qualify it and say that the house always wins in the long term. And that's just taking into account the house vs the player. If we take into account other factors, the house can also lose, such as when it fails to attract enough players and due to its operating expenses it goes bankrupt and closes.

I don't know why I am even replying but I felt people must know what's wrong with this mentality - The House Always Wins

Look, gambling is meant for entertainment. Do we ever say the circus owner always wins or the owner of the live event always wins? No. That is because we consider going to a live event by purchasing a ticket, as entertainment. The mentality of earning from gambling is what makes us say "the house always wins". The house always wins because we are losing more than we should have lost.

Consider gambling just as a means of entertainment and you will never have problems.

That's what I tell people but it's not essentially different from the circus in that in the circus you don't expect to make money. The ones who get carried away with emotions trying to make money are the ones who end up in trouble.

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August 21, 2021, 09:14:35 AM
 #155

There are still Casinos who are losing much money and that is not because of the house always win but because of the government pressure, mismanaged of funds so technically Casinos are still vulnerable for losses. Anyway, gamblers are losing money because of their own behavior and mindset about gambling, we know the house will do everything to earn money and we should understand that probability of winning against the house.

Exactly. Surprisingly, the average comment tought the gambling business is an easy thing. even though there are many other things to consider besides requiring a very large capital. maybe when the casino is successful it can be easy because it already has a lot of players. but for a new casino to compete with others there are also many challenges. such as casinos that exist today are competing to provide a lot of bonuses or provide better promotions. just to get more players what is difficult in business gambling is building a reputation and getting players.
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August 21, 2021, 09:23:17 AM
 #156

There are still Casinos who are losing much money and that is not because of the house always win but because of the government pressure, mismanaged of funds so technically Casinos are still vulnerable for losses. Anyway, gamblers are losing money because of their own behavior and mindset about gambling, we know the house will do everything to earn money and we should understand that probability of winning against the house.

Exactly. Surprisingly, the average comment tought the gambling business is an easy thing. even though there are many other things to consider besides requiring a very large capital. maybe when the casino is successful it can be easy because it already has a lot of players. but for a new casino to compete with others there are also many challenges. such as casinos that exist today are competing to provide a lot of bonuses or provide better promotions. just to get more players what is difficult in business gambling is building a reputation and getting players.

About promotions and bonuses that are given do not only apply to new sites because even sites that have been around for a long time and already have a reputation but they still continue to make promotions and bonuses at every moment. Also, if we talk about houses and gamblers, basically we can't compare with houses that deal with government regulations because it's a different concept I think, because if we compare gamblers with houses then of course the house always wins even though the house edge is still below 0.50% it does not guarantee the gambler will easily win.

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August 21, 2021, 09:25:21 AM
 #157

There are still Casinos who are losing much money and that is not because of the house always win but because of the government pressure, mismanaged of funds so technically Casinos are still vulnerable for losses. Anyway, gamblers are losing money because of their own behavior and mindset about gambling, we know the house will do everything to earn money and we should understand that probability of winning against the house.

Exactly. Surprisingly, the average comment tought the gambling business is an easy thing. even though there are many other things to consider besides requiring a very large capital. maybe when the casino is successful it can be easy because it already has a lot of players. but for a new casino to compete with others there are also many challenges. such as casinos that exist today are competing to provide a lot of bonuses or provide better promotions. just to get more players what is difficult in business gambling is building a reputation and getting players.

i guess they can say that because they are not in the position of the business man or the people that runs a gambling site and its also been known that house always win, gambling is a profitable business blah blah blah but that could only be a huge myth .
anyway many new casinos are now in the spotlight but we arent sure if that momentum can continue .
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August 21, 2021, 10:32:19 AM
 #158

There are still Casinos who are losing much money and that is not because of the house always win but because of the government pressure, mismanaged of funds so technically Casinos are still vulnerable for losses. Anyway, gamblers are losing money because of their own behavior and mindset about gambling, we know the house will do everything to earn money and we should understand that probability of winning against the house.

This is only a fact if a casino is not doing well in their business days, but if a casino is doing well, the tax that the government imposed to them will never bother them because it is only a little compare to what they are earning monthly or yearly. This is the reason why starting a business needs a solid plan, a solid marketing strategy, a solid team that will promote and help the business more productive and profitable.
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August 21, 2021, 04:56:45 PM
 #159

There are still Casinos who are losing much money and that is not because of the house always win but because of the government pressure, mismanaged of funds so technically Casinos are still vulnerable for losses. Anyway, gamblers are losing money because of their own behavior and mindset about gambling, we know the house will do everything to earn money and we should understand that probability of winning against the house.

This is only a fact if a casino is not doing well in their business days, but if a casino is doing well, the tax that the government imposed to them will never bother them because it is only a little compare to what they are earning monthly or yearly. This is the reason why starting a business needs a solid plan, a solid marketing strategy, a solid team that will promote and help the business more productive and profitable.


I think every business has to create a contingency plan in order to prepare for the worst-case scenarios. In the case of casinos, their only problem is with regard to the imposition of high taxes of the government which could damage their business model and profit table.

Regardless, most casinos nowadays are profitable. The house always wins (in some cases) and gambling is an activity in which people play by the odds. With that added percentage on the edge of casinos, the favor is tilted on their side, which makes it really profitable.

R


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August 21, 2021, 05:27:52 PM
 #160

This is only a fact if a casino is not doing well in their business days, but if a casino is doing well, the tax that the government imposed to them will never bother them because it is only a little compare to what they are earning monthly or yearly. This is the reason why starting a business needs a solid plan, a solid marketing strategy, a solid team that will promote and help the business more productive and profitable.

If the casino pays taxes it means that it is doing well. As far as I know, in most countries, casinos pay taxes like ordinary businesses - on profits. Therefore, the fact of paying taxes indicates that the casino makes money. Maybe in some countries taxes for casinos work differently (for example, through the purchase of a license), but this is rather an exception to the rule.

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August 21, 2021, 06:17:32 PM
 #161

The houses always win, are you the house or the gambler?

Remember only idiot take high risk to get high reward. The houses do not take risk but telling all of you to take high risk. Whether it’s bear market or bull market, the houses always win. The houses do not care whether some of you wageslave plebs actually make a lot of money from the high risk high reward. The houses need some of you plebs to make a good example to a get rich quick scheme, to educate all other wageslaves to not give up the hopes of beating the house. Are you the house or the gambler?
I don't know why I am even replying but I felt people must know what's wrong with this mentality - The House Always Wins

Look, gambling is meant for entertainment. Do we ever say the circus owner always wins or the owner of the live event always wins? No. That is because we consider going to a live event by purchasing a ticket, as entertainment. The mentality of earning from gambling is what makes us say "the house always wins". The house always wins because we are losing more than we should have lost.

Consider gambling just as a means of entertainment and you will never have problems.
You are correct, gambling is just another form of entertainment the difference is that instead of an upfront cost and we need to pay immediately as it is the case with most products and services you pay as you go, this means that you can pay as little as possible or as much as you want, the problem is that many people think that they can make money with gambling and this is not true and then when they find out about this truth they want to blame the casino when the only ones that are to blame for their losses are themselves.

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