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Author Topic: Why is it so hard to win at gambling?  (Read 1403 times)
Russlenat
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June 21, 2022, 07:07:08 PM
 #221

Yes, that's indeed the exact reason for that and quite frankly not because of the reason like that specific gambler will lose in the 4th day. Resting on the 4th day to breath after that win for 3 days straight is a must and spend time with our friends and family, we must not let our emotions drive us because that's where greed comes in and eventually we will regret it.
Maybe it would be better if the gambler played the day after that, rested for 1 or 2 days, then could continue playing again.
But it would be even better if we could manage our gambling schedule maybe in a week, we could play gambling 2 or 3 times and use the other days for other activities.
Thus, we can regulate our emotions so that we don't think too much about gambling but only think of gambling as a means to have fun.
In addition, we can avoid the greed that will arise later.
You mean that specific gambler would still play on the 4th day and see if that gambler is still lucky? We can't exactly say if that's a good idea as for sure that gambler is really pushing his or her luck. Having a rest day in-between days is really a must to ease or mind from thinking about gambling stuffs, having some quality time or developing some habit or hobbies would somehow suffice.

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June 21, 2022, 07:07:18 PM
 #222

Gambling is not meant for winning. Its meant for the dopamine/adrenaline rush.

Unfortunately a lot of people fall for the big shiny prizes and gamble their lifes savings away in minutes. Others become emotionally compromised and keep betting and betting, determined to win back their losses.

But mathematics, more accurately, statistical mathematics is not on the side of the gamblers. They are on the side of the casinos. Why? Because the games have been designed that way, so that the probability of making money weighs heavier on the casino's side of the scales.

Don't feel bad if you lose, but keep yourself under control.

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June 22, 2022, 12:16:20 AM
 #223

Gambling is not meant for winning. Its meant for the dopamine/adrenaline rush.

Unfortunately a lot of people fall for the big shiny prizes and gamble their lifes savings away in minutes. Others become emotionally compromised and keep betting and betting, determined to win back their losses.

But mathematics, more accurately, statistical mathematics is not on the side of the gamblers. They are on the side of the casinos. Why? Because the games have been designed that way, so that the probability of making money weighs heavier on the casino's side of the scales.

Don't feel bad if you lose, but keep yourself under control.
Even than gambling is fastest growing industry - I believe many people gamble because they dream of becoming rich overnight.
Some are lucky enough to be rich in a jiffy while other goes bankrupt in a jiffy.

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June 22, 2022, 12:52:15 AM
 #224

Gambling is not meant for winning. Its meant for the dopamine/adrenaline rush.

Unfortunately a lot of people fall for the big shiny prizes and gamble their lifes savings away in minutes. Others become emotionally compromised and keep betting and betting, determined to win back their losses.

But mathematics, more accurately, statistical mathematics is not on the side of the gamblers. They are on the side of the casinos. Why? Because the games have been designed that way, so that the probability of making money weighs heavier on the casino's side of the scales.

Don't feel bad if you lose, but keep yourself under control.

Absolutely right.

If it wasn't designed like that then casinos wouldn't be around any more.

The thing is that humans are not great at statistics, so they just make really poor decisions when gambling. Many gamblers play games with horrible odds for them, without even realizing it.

Some games are a bit closer to 50/50 chance. Of course it will be a bit better for the casino, but it's better to play those games than other that are like 80/20 for the casino. And yet, heaps of people keep putting their money there.

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June 22, 2022, 02:53:03 AM
 #225

Gambling is not meant for winning. Its meant for the dopamine/adrenaline rush.

Unfortunately a lot of people fall for the big shiny prizes and gamble their lifes savings away in minutes. Others become emotionally compromised and keep betting and betting, determined to win back their losses.

But mathematics, more accurately, statistical mathematics is not on the side of the gamblers. They are on the side of the casinos. Why? Because the games have been designed that way, so that the probability of making money weighs heavier on the casino's side of the scales.

Don't feel bad if you lose, but keep yourself under control.
I think that casino gambling places are made to be able to make gamblers interested and try to gamble even though the winning percentage at casino gambling is probably only 0.1% but they keep trying in the hope of getting a very large number of wins, they developers will not stay silent will definitely make users put money with very large amounts of new can get profits little by little.

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June 22, 2022, 03:48:07 AM
 #226


so, even though i am a gambling addict but i understand that winning is impossible so i can control myself
but don't you have the will to win?
i have the will to win, but not expect too  Smiley
sometimes i get emotional too when several times i place bet on blackjack, always losing, the desire to win makes me even more angry. but when i'm emotional and angry, my friends and wife always remind me by saying "control your emotions it's just a game".
so with my habit of always being given advice from friends or wife when angry, i became used to it and when i lost placing a bet i calmed my own mind by saying "this is just entertainment"

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June 22, 2022, 06:05:08 AM
 #227

It is always hard to be the winner in gambling because by design itself you are bound to lose and the casino is bound to win. The casino is designed to earn and make big money from gamblers. The gamblers are designed to have fun and lose. And as if this is not enough, the psychological effects of casinos and their games are such as that the loser will not stop gambling. He will continue to gamble and chase his loss and will end up with a bigger loss. That's the reason.

Exactly.

That's why casinos can continue to operate earning a lot of money. It's because humans are not great at probability intuitively and the casino just ruthlessly applies math without any feeling, and with an advantage to the house. On top of that they can give you food and drinks to keep you there as much as possible, because the longer you stay, the more profitable it is for them.

I just want to correct you in the statement where " The longer you stay, the more profitable it is for them"
there are some players in the crypto gambling that even they stay longer they won most of the time, the more they win
is the more they profit, and the house edge against the luck player is loss and reducing their earnings something like that.


so, even though i am a gambling addict but i understand that winning is impossible so i can control myself

That's good if you are implementing self-discipline.

Quote
i have the will to win, but not expect too  Smiley
sometimes i get emotional too when several times i place bet on blackjack, always losing, the desire to win makes me even more angry. but when i'm emotional and angry, my friends and wife always remind me by saying "control your emotions it's just a game".
so with my habit of always being given advice from friends or wife when angry, i became used to it and when i lost placing a bet i calmed my own mind by saying "this is just entertainment"

Being emotional is a part of being a gambler here in the cryptoc space, just the thing is that we know where to use it.
And if you face loss most of the time, that means, you need to stop for awhile then play again in another day, you just need
to rest , where I know this is also the thing were the gambler did when they do gamble.

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June 22, 2022, 09:30:19 AM
 #228


so, even though i am a gambling addict but i understand that winning is impossible so i can control myself
but don't you have the will to win?
i have the will to win, but not expect too  Smiley
sometimes i get emotional too when several times i place bet on blackjack, always losing, the desire to win makes me even more angry. but when i'm emotional and angry, my friends and wife always remind me by saying "control your emotions it's just a game".
so with my habit of always being given advice from friends or wife when angry, i became used to it and when i lost placing a bet i calmed my own mind by saying "this is just entertainment"
Myself doesn't really need any advise yet I could able to control myself yet I've been putting into my mind that stop immediately when I'm at deep loss or spending the funds which aren't supposed to be spent on gambling and when you are a type of person who do have this kind of behavior then you do really have a good self control of everything specially on gambling situations.We do always mind about winning but entertainment should be your main priority.

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June 22, 2022, 10:43:49 AM
 #229

~ Honestly, I haven't seen a banker or a casino close ~

Just think of it a little bit. If it were true that every casino was never going bankrupt that would mean the money making machine were invented. You just take a loan to open a casino. Then you paying out the loan from the profits. And then you are a casino owner with no debt, just making money for the rest of your life. Easy, right? No, no, it's not that easy. In fact, many of the newly opened online casinos don't last more than 3 months, first of all because gamblers don't want to play in new places, they prefer the established ones. Secondly, even if you managed to attract people by, say, a low house edge, maintaining a casino with one the lowest house edges is a hard job.

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June 22, 2022, 12:28:09 PM
 #230


so, even though i am a gambling addict but i understand that winning is impossible so i can control myself
but don't you have the will to win?
i have the will to win, but not expect too  Smiley
sometimes i get emotional too when several times i place bet on blackjack, always losing, the desire to win makes me even more angry. but when i'm emotional and angry, my friends and wife always remind me by saying "control your emotions it's just a game".
so with my habit of always being given advice from friends or wife when angry, i became used to it and when i lost placing a bet i calmed my own mind by saying "this is just entertainment"

Gambling always gives great hope to the players, winning is always the main factor with the dream of winning thousands of dollars in a short time, in fact it is not as easy as one might expect. Whatever strategy gamblers use, the ending is sad.
So there are hormone factors, logical factors and emotional factors that affect the gambler's brain. If you fail to win on the first try, maybe you will succeed the next time. If you still lose, play again. This factor always makes gambling players always feel addicted, no matter the position is losing, because the gambler is very difficult to control the self-protection mechanism. Gamblers will do anything to be able to return to play even if they have to owe, the hope is that he can win far more than he loses and actually profit is not just a return on capital.

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June 22, 2022, 02:13:07 PM
 #231

I think that casino gambling places are made to be able to make gamblers interested and try to gamble even though the winning percentage at casino gambling is probably only 0.1% but they keep trying in the hope of getting a very large number of wins, they developers will not stay silent will definitely make users put money with very large amounts of new can get profits little by little

You're right, that is the first thing that gain their sight attraction, despite we have different categories of gamblers but achieving a desired aim in gambling is their respective purpose, I've seen some gamblers that finds pleasure in repeated playing even while loosing all because they find the satisfaction there in playing, here both luck and proficiency are applicable, one tries his best and then the luck therein work for it all, its not about how much we gamble with bit how much effort gathered together in playing it to worth a winning.



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June 22, 2022, 03:08:11 PM
 #232

~ Honestly, I haven't seen a banker or a casino close ~

Just think of it a little bit. If it were true that every casino was never going bankrupt that would mean the money making machine were invented. You just take a loan to open a casino. Then you paying out the loan from the profits. And then you are a casino owner with no debt, just making money for the rest of your life. Easy, right? No, no, it's not that easy. In fact, many of the newly opened online casinos don't last more than 3 months, first of all because gamblers don't want to play in new places, they prefer the established ones. Secondly, even if you managed to attract people by, say, a low house edge, maintaining a casino with one the lowest house edges is a hard job.
All casinos identical to the house are the winners. Although as a new casino it also all depends on how they provide satisfactory service. Moreover, reputation and feedback from gamblers. Making low house profits is based solely on individual percentages. But the truth is that the casino can make a lot more even if it only takes a small advantage from the players.

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June 22, 2022, 03:15:33 PM
 #233

I think that casino gambling places are made to be able to make gamblers interested and try to gamble even though the winning percentage at casino gambling is probably only 0.1% but they keep trying in the hope of getting a very large number of wins, they developers will not stay silent will definitely make users put money with very large amounts of new can get profits little by little

You're right, that is the first thing that gain their sight attraction, despite we have different categories of gamblers but achieving a desired aim in gambling is their respective purpose, I've seen some gamblers that finds pleasure in repeated playing even while loosing all because they find the satisfaction there in playing, here both luck and proficiency are applicable, one tries his best and then the luck therein work for it all, its not about how much we gamble with bit how much effort gathered together in playing it to worth a winning.
Some gamblers treats gambling as an entertainment and despite they are losing, They still enjoy the game and trying to win experience the adrenaline rush they are experiencing when they are aiming for a comeback. It's like they are playing casino for pleasure and finding the satisfaction they want. These kind of gamblers really enjoys the game and cares about winning the game. 
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June 22, 2022, 03:17:36 PM
 #234

~ Honestly, I haven't seen a banker or a casino close ~

Just think of it a little bit. If it were true that every casino was never going bankrupt that would mean the money making machine were invented. You just take a loan to open a casino. Then you paying out the loan from the profits. And then you are a casino owner with no debt, just making money for the rest of your life. Easy, right? No, no, it's not that easy. In fact, many of the newly opened online casinos don't last more than 3 months, first of all because gamblers don't want to play in new places, they prefer the established ones. Secondly, even if you managed to attract people by, say, a low house edge, maintaining a casino with one the lowest house edges is a hard job.
The success and popularity of casinos is the problem of the owners. Whether they find it difficult or easy to attract gamblers is a question of marketing. But I don't think that famous and popular casinos have many players winning big sums. The winning principle is probably about the same in all casinos. The casino is always a winner, so it's almost impossible to make money there.

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June 22, 2022, 03:46:26 PM
 #235

Gambling is not meant for winning. Its meant for the dopamine/adrenaline rush.

Unfortunately a lot of people fall for the big shiny prizes and gamble their lifes savings away in minutes. Others become emotionally compromised and keep betting and betting, determined to win back their losses.

But mathematics, more accurately, statistical mathematics is not on the side of the gamblers. They are on the side of the casinos. Why? Because the games have been designed that way, so that the probability of making money weighs heavier on the casino's side of the scales.

Don't feel bad if you lose, but keep yourself under control.

Gambling is designed to have the house always win eventually. So, yeah everything you said is correct.
The purpose of gambling should not "to win", instead is to make profit.
There's a fine line between winning and profiting in gambling. Winning doesn't mean you're profiting in gambling, all because maybe or shall I say most probably you have lost more from the past than you win today.
Profiting from gambling, is to aim to always walk out of the casino having a profit, may it be small or big.

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June 22, 2022, 03:52:44 PM
 #236

Gambling is not meant for winning. Its meant for the dopamine/adrenaline rush.

Unfortunately a lot of people fall for the big shiny prizes and gamble their lifes savings away in minutes. Others become emotionally compromised and keep betting and betting, determined to win back their losses.

But mathematics, more accurately, statistical mathematics is not on the side of the gamblers. They are on the side of the casinos. Why? Because the games have been designed that way, so that the probability of making money weighs heavier on the casino's side of the scales.

Don't feel bad if you lose, but keep yourself under control.

That's exactly what it is. The games are designed in such a way that most of the bets are in the favor of the casino.
Most of the gamblers lose money in it and there are only a few who win. Even then casino still ends the day with hefty profits.
Having self control is the only way by which we can enjoy gambling and let it not overtake us.

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June 22, 2022, 03:56:43 PM
 #237

Hello good day to all the members in this forum, Did you know that even if you win at gambling, you lose as well? Don't you think that's how it happened? and that’s the thing that I'd like to tackle about this topic, Because it’s hard to win at gambling, now if you want to know why?

The fact is that the house always has a basic advantage over the players, in addition, there is not a single really successful game strategy in practice. In addition, our craving for excitement and the inability to stop at the right moment is another additional trump card of the house.
In the end, the house will always win a large amount of money even though some gamblers can win some money, too but still cannot beat the amount of money the house gets.
Maybe if we can win, we need to calculate how much money we have spent to get that win and how often we can win that amount of money.
That way, we can see and calculate how likely we are to win the money next time and if we can be wise, we will always try to control our spending.
This is what we as gamblers need to realize so that we don't really lose in gambling but just want to have fun playing gambling.
It's true, we must always clarify that the house will always have the advantage, that we are fighting against that advantage and apart from the advantage that it can have within the same game, sometimes the games that can favor us are the PVP and yet the which is random, and that is already something that is impossible to fight, however some people in games like poker can attest that strategies are very valuable, strategies can work if and only if you play in PVP mode and in a tournament, I think this is something that we all have to face, and the casinos know it, also the other possibility that a person can win more is with sports betting, because there is no way, the result is what it is and that's it.

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June 22, 2022, 04:04:00 PM
 #238

~snip

That's exactly what it is. The games are designed in such a way that most of the bets are in the favor of the casino.
Most of the gamblers lose money in it and there are only a few who win. Even then casino still ends the day with hefty profits.
Having self control is the only way by which we can enjoy gambling and let it not overtake us.
Yeah, we have to know the plan because in fact the full victory is the casino that provides a game room there, we can only enjoy the games provided by the casino.
Indeed, many of them have lost money in it but because of the fun game they continue to try again no matter how much they are willing to lose even though they know it is a risk that will be faced, but there is a power of pleasure that makes us try again and again, the best way to control ourselves so we don't excessive.
Controlling emotions and must be able to maintain it.

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June 22, 2022, 04:23:04 PM
 #239

~ Honestly, I haven't seen a banker or a casino close ~

Just think of it a little bit. If it were true that every casino was never going bankrupt that would mean the money making machine were invented. You just take a loan to open a casino. Then you paying out the loan from the profits. And then you are a casino owner with no debt, just making money for the rest of your life. Easy, right? No, no, it's not that easy. In fact, many of the newly opened online casinos don't last more than 3 months, first of all because gamblers don't want to play in new places, they prefer the established ones. Secondly, even if you managed to attract people by, say, a low house edge, maintaining a casino with one the lowest house edges is a hard job.
The success and popularity of casinos is the problem of the owners. Whether they find it difficult or easy to attract gamblers is a question of marketing. But I don't think that famous and popular casinos have many players winning big sums. The winning principle is probably about the same in all casinos. The casino is always a winner, so it's almost impossible to make money there.
Correct, the principles behind the profitability of a casino are the same regardless of the people that are behind the casino, however this does not means that they can ignore good business practices.

If a casino goes bankrupt it just means that the people which were behind it were not really capable of managing a casino at all, otherwise they would have done a better job, however while a gambler can obtain some small short term profits, over the long term casinos should always win, and there is a lot of math principles which support this idea.

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June 22, 2022, 06:02:12 PM
 #240

Correct, the principles behind the profitability of a casino are the same regardless of the people that are behind the casino, however this does not means that they can ignore good business practices.

If a casino goes bankrupt it just means that the people which were behind it were not really capable of managing a casino at all, otherwise they would have done a better job, however while a gambler can obtain some small short term profits, over the long term casinos should always win, and there is a lot of math principles which support this idea.

Casino bankruptcy doesn't come from bad management only.  Some casinos went bankrupt because some players keep on winning.  Looking for an example, I stumbled upon a discussion from quora[1] about a certain casino being busted during the night opening. 

Another thing, look at this article[2], it is kinda funny how they enumerate why it is hard to win in gambling. 
For the sake of those lazy clicking the link, I'll just list it here.
Casino Stats: Why Gamblers Rarely Win
Quote
KEY TAKEAWAYS
Gambling is not a good alternative for earning extra cash.
Each game you play at a casino has a statistical probability against you winning.
Slot machine odds are some of the worst, ranging from a one-in-5,000 to one-in-about-34-million chance of winning the top prize when using the maximum coin play.
In 2018, commercial casino gaming revenue amounted to about $41.7 billion; one way to think about all those profits is that they are the result of the accrual of all of the losses from casino patrons each year.

Games of No Chance
Quote
Math is the universal language, and it rarely ever lies. Each game you play at a casino has a statistical probability against you winning—every single time. While this house advantage varies for each game, it ultimately helps to ensure that over time, the casino won’t lose money to gamblers.

Everyone’s (Not) a Winner
Quote
All those profits are the result of the accrual of all of the losses from casino patrons each year. Of course, some of the money may come from other venues within the casino, but the breadwinner for this industry is the games.

You can read more here[2]



[1] https://www.quora.com/Has-a-casino-ever-gone-bust-because-of-someone-on-a-winning-streak
[2] Casino Stats: Why Gamblers Rarely Win

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