The Paradox of Gambling behavior

[mindrust]

One might already understand that winning at Gambling is hard but at the end of the day we still see a lot of people increasingly interested in Gambling, this might provide an insight into the casino business and at the same time help explore the ideas 💡 in the mind of a Gambler.

I see that people had come to gambling
  *because they thought that gambling makes them rich in a faster way rather than working it hard
 * because they saw huge rewards if you win

A way that casinos have taken advantage of the demand and increased the number of gamblers. In fact, gambling is now one of the growing businesses online and offline.

Most scams work the exact same way. There are lots of people who want to scam other people and get rich quick but in the end it is those people who get scammed while trying to get rich quick.

Gamblers try to get rich quick from gambling but in the end, only the house gets rich (sometimes not quickly though).

This is an amazing observation.

[Saisher]

^

Try to look at it from a different perspective. You're willing to pay for music, a movie, or a game, but you don't think it makes sense to pay for gambling for fun. I find that strange. In all of these cases, you're paying for the emotion you get from interacting with the entertainment. I believe that the pursuit of winning will not lead to anything good, so I have changed my approach to gambling.

The reality is there are people who gamble to get that feeling or what OP says dopamine, it's real, people are playing to capture the feeling of excitement it's not that they are wasting money, that is why in every casino we can read in their TOS that their players should only play with money they can afford to lose and they should have fun playing

[Ararbermas]

Do you do it for winning?

of course winning is the most important, but when it comes gamble we should accept the fact that it's always a game of luck, wherein no one can really tell  the results afterwards.

And that's why i choose to gamble sports because even sometimes my favourite teams didn't win, at least i'm satisfied on the game and no regrets on my decisions. Lol

[Cling18]

Do you do it for winning?

of course winning is the most important, but when it comes gamble we should accept the fact that it's always a game of luck, wherein no one can really tell  the results afterwards.

And that's why i choose to gamble sports because even sometimes my favourite teams didn't win, at least i'm satisfied on the game and no regrets on my decisions. Lol

Winning is actually the first motive of gamblers. Lots of us are hoping to be lucky and gain a huge amount of jackpot prizes. Others are just doing it for entertainment purposes but those are the people who have lots of funds in their pockets. As for me, having the right mindset and goal of winning could motivate players but putting a wise limit is also a good move.

[Boristhecat]

You are absolutely right. I've always wondered how a grown man can't admit mistakes or addictions. I can understand when a man is afraid to admit his behavior to others, but I will never understand what the problem is with admitting his mistakes to himself. As long as a man deceives himself he certainly can't solve his problems the way he would like to do it. He will always look for someone to blame on the side, not even realizing that the problem lies within himself.

In fact, this is easily explained - it is a natural mechanism for protecting the psyche. There are many problems in life that you cannot solve even if you take full responsibility for yourself and are really engaged in solving them. In the absence of results, you can become depressed and lose the will to live, but if you shift the responsibility to someone else (fairly or not), then life becomes easier (why worry about the problem if nothing depends on you). This is a natural mechanism and it has both positive and negative sides.

[fullhdpixel]

With the growth of cryptos, the crypto gambling are also growing. It makes crypto users curious of using their cryptos on them. That's one of the reason why the interest in gambling is growing but other than that is like you said gambling can provide an entertainment. Gambling can also provide profit if the gambler is lucky.

There are different types of roulette and lottery games so we need to be specific when comparing them. The winning rate can depend on which type of game it was. Each of us has our own favorite, mine was dice and yes I do play for the profit. For the number of times where I win? I can't count anymore but of course the number of losses are more than it.

[Viscore]

Whatever sport you enjoy the most, that way you're getting a bit more bang for your buck. Betting has made matches/fights I wouldn't normally be that interested in, quite excited. Obviously, only if done in moderation, as that can quickly become out of control. So, as long as you're disciplined I say the sports that you're already watching now.

That way you should already have a good base line knowledge of the game, and the strengths, and weaknesses of each team/fighter.

If you try to bet, then make sure that you know your winning probability, unless you are not after for the win but only for the entertainment alone. That makes most of the high bettors do not fear of losing because they have tons of money in their savings account. But as a small bettor like me, i always bet in the game that i am very familiar and the sports that i have high interest because as long as you know the game well, your bet will always have high probability to win.

[Ziskinberg]

At the same time the algorithm of many games are designed in such a way that after consecutive loosing they will give the player one win so that the player continues to gamble and these winnings are placed meticulously around the clock so that they have the idea that they are winning

If the casino is intentionally doing this then you should avoid them at all costs (as you suggested). They are practically manipulating the results which is unfair and deceiving. In a fair game, the result of each round is supposed to be independent of the previous oneeven if this results in a very long losing streack.
The house always win on the long run because of the house edge. If a player hits the jackpot or makes a big win the money he won is what other players have lost / will lose.

If you are telling that there are some manipulation in the results, probably you are not in a legal and licensed casino because as far as i know, they get sanctions by the government once they are caught that they are doing some means of being rigged. Although its always the house that will mostly win, but i think there is still no manipulation and everything is in fair play. Well, once you are in gambling, expect that you will get more losses than wins, its always the reality i know.

[Fortify]

Most gamblers have an addiction they don't even realize they have. It seems to them that they can give up gambling very easily, but in fact it is not so since their mogul is used to receive incentives when they win.

That's because people believe that admitting they have a problem or a disease is a sign of weakness. But it isn't. In a moment of weakness, you became addicted. That's not good. But it's worse lying about it and not being willing to accept that situation and show a desire to change.

One thing that you can hear is that gambling addicts will try to tell you how they are not addicted, they are just playing because they like it and they can stop anytime. The thing is, that time never seems to come...

You are absolutely right. I've always wondered how a grown man can't admit mistakes or addictions. I can understand when a man is afraid to admit his behavior to others, but I will never understand what the problem is with admitting his mistakes to himself. As long as a man deceives himself he certainly can't solve his problems the way he would like to do it. He will always look for someone to blame on the side, not even realizing that the problem lies within himself.

Part of it is a self defense mechanism of the human mind and it's often connected with chasing losses. If you lose a hundred dollars, which can mean varying things to different people, it's possible to recover as long as you identify the problem and stop right away. If you get into such a habit that you somehow go into an overdraft and spend borrowed money on credit cards to the tune of tens of thousands, you become trapped in a disaster of your own making. People try to rationalize and chase what feels like the easiest way out - the shortcut - that one big win which must be just around the corner and will fix everything. It takes something like 15-18 days of repeated actions to form a habit, so it may be worth keeping that in mind if you ever feel yourself being drawn into something that could be very damaging or destructive.

[mm2543363580]

At the same time the algorithm of many games are designed in such a way that after consecutive loosing they will give the player one win so that the player continues to gamble and these winnings are placed meticulously around the clock so that they have the idea that they are winning

If the casino is intentionally doing this then you should avoid them at all costs (as you suggested). They are practically manipulating the results which is unfair and deceiving. In a fair game, the result of each round is supposed to be independent of the previous oneeven if this results in a very long losing streack.
The house always win on the long run because of the house edge. If a player hits the jackpot or makes a big win the money he won is what other players have lost / will lose.

If you are telling that there are some manipulation in the results, probably you are not in a legal and licensed casino because as far as i know, they get sanctions by the government once they are caught that they are doing some means of being rigged. Although its always the house that will mostly win, but i think there is still no manipulation and everything is in fair play. Well, once you are in gambling, expect that you will get more losses than wins, its always the reality i know.

A bit off topic - I agree the part in the OP where it mentioned that " you know you are loosing money" In our culture - gambling is strictly prohibited be it in what ever way. Anything which brings in ultimate excitement and involves money when you don't realize how much loss you are making is not permitted in our zone.

[serjent05]

The best game to gamble is the game that you enjoy, that's the first thing you should put in mind as it's very important for you to love what you are doing.

This may sound perfect but this might be catastrophic to a gambler.  The reason is that it gives more stimulation to the brain which can lead to gambling problems.

Gambling is not about winning only, it's also about getting entertain,

True that gambling can be used for relaxation or entertainment, it is best accompanied by self-discipline or we'll lose ourselves dreaming with emptied pocket. 

but since we are talking of chances, gamble on games that has a low house percentage and in my case I go for sports betting.

Same here, I also think sports betting is one of the better choices in gambling.

[livingfree]

Do you do it for winning?

of course winning is the most important, but when it comes gamble we should accept the fact that it's always a game of luck, wherein no one can really tell  the results afterwards.

And that's why i choose to gamble sports because even sometimes my favourite teams didn't win, at least i'm satisfied on the game and no regrets on my decisions. Lol

That's the difference if you're for most luck games and with sports betting.

Just choose where you think your bet is spent wisely and that's where you're going most of the time. No regrets after betting and it's always about the thought of winning.

But we do all know that it's not gonna happen but we're trying because the chance will never be gone either small or a bit higher.

[alegotardo]

That's the difference if you're for most luck games and with sports betting.

Just choose where you think your bet is spent wisely and that's where you're going most of the time. No regrets after betting and it's always about the thought of winning.

But we do all know that it's not gonna happen but we're trying because the chance will never be gone either small or a bit higher.

Yes, sports games are the best bet for those who don't want to depend only on luck or be afraid that the house may be unfair to you, manipulating the result.

The only downside to sports betting is that the winnings are much lower than other bets in general.

Among sports games and others, I still prefer the first one, as I play just for fun!

[Yamifoud]

That's the difference if you're for most luck games and with sports betting.

Just choose where you think your bet is spent wisely and that's where you're going most of the time. No regrets after betting and it's always about the thought of winning.

But we do all know that it's not gonna happen but we're trying because the chance will never be gone either small or a bit higher.

Yes, sports games are the best bet for those who don't want to depend only on luck or be afraid that the house may be unfair to you, manipulating the result.

The only downside to sports betting is that the winnings are much lower than other bets in general.

Among sports games and others, I still prefer the first one, as I play just for fun!

That is why we have to use betting sites that are reliable to avoid manipulative results that are mostly found on unknown sites, live betting is generally the best.  

Indeed, many had chosen sportbetting because the chances of winning are higher than in casinos. And for some reason that they are supporting their team and updated with the results which makes as an advantage when betting and which team to bet on. I don't think winning rewards really matters, but I think the percentage of winning is very important.

[Poker Player]

What do you think is the best game/ sports to gamble on ? Do you do it for winning? Are the ideas in the article according to you correct? How many times you usually win in a game of chance+skills?

In my case and honoring my nickname, I think the best is poker because it depends on your skill versus other players and does not have a certain mathematical loss in the long run due to HE as in casino games. Although poker is a shrinking market and every year that passes the tables are harder and the profitability decreases (on average, there are always those who start and can climb levels in this world).

[mm2543363580]

What do you think is the best game/ sports to gamble on ? Do you do it for winning? Are the ideas in the article according to you correct? How many times you usually win in a game of chance+skills?

In my case and honoring my nickname, I think the best is poker because it depends on your skill versus other players and does not have a certain mathematical loss in the long run due to HE as in casino games. Although poker is a shrinking market and every year that passes the tables are harder and the profitability decreases (on average, there are always those who start and can climb levels in this world).

You are a poker player - how many years have you been playing?
At any point of time - have you ever thought that this is a good stuff but not much benefical and I must quit it. I really want to know what keeps pokers moving?

[Wind_FURY]

What do you think is the best game/ sports to gamble on ? Do you do it for winning?

The best games to gamble on are the games that you can skillfuly use the probabilities to be on your side. Card games like poker, or betting games like sports betting are these kinds of games.

I believe more than 50% of people that play them do it for winning, but less than 10% of the people who try might be winning consistently to do it for a living, just like day-trading?

Are the ideas in the article according to you correct? How many times you usually win in a game of chance+skills?

It's not an article, but an actual book.

[robelneo]

 The players usually focuses not on winning big, but most of the time the short increase of dopamine makes their money worth it

Casinos never recommend that you play all you can to win, their purpose is to be a sort of entertainment and they recommend their players play within their means but players want more of the feeling of getting rewarded or winning a reward

Dopamine can provide an intense feeling of reward. Dopamine is most notably involved in helping us feel pleasure as part of the brain's reward system.

The longer the player plays the more he wants more of the feeling and soon winning money is just secondary and he will just opted to play for his satisfaction regardless of the money they spent.

[michellee]

Dopamine can provide an intense feeling of reward. Dopamine is most notably involved in helping us feel pleasure as part of the brain's reward system.

The longer the player plays the more he wants more of the feeling and soon winning money is just secondary and he will just opted to play for his satisfaction regardless of the money they spent.

This is the cause of many gamblers who lose control when they play gambling. Playing longer and using more money will only trigger the gamblers to be eager to win the next round even though they know that the next round is not theirs and many of them will lose and lose their money. This is something many gamblers have to realize if they don't want to lose more money and they should stop as soon as they feel they have had enough gambling.

[Synchronice]

Why do you drink Cola when you know that it is high in sugar and calories but zero in vitamins and minerals? I assume, you do that for fun, for taste.

Firstly, why do we ignore the fact that some people gamble for fun? I have some friends who gamble and they always dedicate some amount from their monthly salary for it. People analyze that they may lose but what if you have dedicated budget for it and it doesn't affect your life? You pay for gambling the same way you pay for beer or there are free alternatives too, water instead of beer and free slots instead of $ slots.

What do you think is the best game/ sports to gamble on ? Do you do it for winning? Are the ideas in the article according to you correct? How many times you usually win in a game of chance+skills?

Any game/sport that makes you fun, boosts your mood and makes your life happy. Are you obsessed with soccer? Do you often read articles about soccer teams and their players? Then bet on sports, why not?
Are you passionate about poker? Then gamble it, why not?