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Author Topic: No bet is a waste  (Read 3952 times)
SamReomo
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June 18, 2023, 08:38:54 AM
 #461

It is possible to conduct an approach to gambling that is strategic an logical. This is about trying to understand the odds, the possibilities and what drives the game dynamics in a certain gambling event. There is nothing as wasted as long as you take such an approach and have a theory you are testing or a logic that you are following in your gambling. That is, if you learn somehting.
We can analyze the game that we want to gamble or play all we need to do is more on research and find the purpose of the game or find what are the possible outcome.  We can use our strategic mind or logical mind in order to gave a good outcome of our bet. But anyway there are no waste of bet because we can learn with our own mistake .

I agree that no betting is wasted, but during wrong bets our real money is wasted and that's not a good thing for us. I have wasted some money on few gambling games in order to learn that how the game works and what are the mechanics of the game. But, so far I found that most of the gambling games generate random numbers and that's why guessing them and making a proper strategy isn't possible on those casino games. Although, one can master sports betting with time, but still it's always somehow test of our luck vs others luck, and if the ones who bet against us are more lucky then they will always win.

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UmerIdrees
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June 18, 2023, 09:36:52 AM
 #462

I agree that no betting is wasted, but during wrong bets our real money is wasted and that's not a good thing for us. I have wasted some money on few gambling games in order to learn that how the game works and what are the mechanics of the game. But, so far I found that most of the gambling games generate random numbers and that's why guessing them and making a proper strategy isn't possible on those casino games. Although, one can master sports betting with time, but still it's always somehow test of our luck vs others luck, and if the ones who bet against us are more lucky then they will always win.

You can say that no bet is a waste in the sense that even if we lose the bet, the casino is the beneficiary of that bet. In this way, we can say that all the bets give benefit in one way or another. Either you will win money from the bet or the casino & bookmaker will make money out of it. This is one way of looking into it but we generally speak from the gambler's point of view.

In this case, if you lose a bet, you lose the money and that's the dark side of gambling. Losing is a part of gambling and I hope all gamblers understand this quickly once they start to gamble. High hopes from gambling may lead to difficulties and hopelessness in the future.

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June 18, 2023, 09:55:25 AM
 #463

I agree that no betting is wasted, but during wrong bets our real money is wasted and that's not a good thing for us. I have wasted some money on few gambling games in order to learn that how the game works and what are the mechanics of the game. But, so far I found that most of the gambling games generate random numbers and that's why guessing them and making a proper strategy isn't possible on those casino games. Although, one can master sports betting with time, but still it's always somehow test of our luck vs others luck, and if the ones who bet against us are more lucky then they will always win.

You can say that no bet is a waste in the sense that even if we lose the bet, the casino is the beneficiary of that bet. In this way, we can say that all the bets give benefit in one way or another. Either you will win money from the bet or the casino & bookmaker will make money out of it. This is one way of looking into it but we generally speak from the gambler's point of view.

In this case, if you lose a bet, you lose the money and that's the dark side of gambling. Losing is a part of gambling and I hope all gamblers understand this quickly once they start to gamble. High hopes from gambling may lead to difficulties and hopelessness in the future.
If you lose the bet, that is the risk you have to face. And if you understand the risks of losing money, you don't waste your money on gambling because you can accept whatever the outcome is. But still, other people, especially those who don't gamble or are unfamiliar with gambling, will judge that it is in vain. They will argue that the money should be used to buy food or other things so that it will be more useful for us. So, in this case, we have to choose it, and if it is futile because we have no chance of winning, we don't need to gamble but will choose another day.

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SamReomo
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June 18, 2023, 10:40:03 AM
 #464

I agree that no betting is wasted, but during wrong bets our real money is wasted and that's not a good thing for us. I have wasted some money on few gambling games in order to learn that how the game works and what are the mechanics of the game. But, so far I found that most of the gambling games generate random numbers and that's why guessing them and making a proper strategy isn't possible on those casino games. Although, one can master sports betting with time, but still it's always somehow test of our luck vs others luck, and if the ones who bet against us are more lucky then they will always win.

You can say that no bet is a waste in the sense that even if we lose the bet, the casino is the beneficiary of that bet. In this way, we can say that all the bets give benefit in one way or another. Either you will win money from the bet or the casino & bookmaker will make money out of it. This is one way of looking into it but we generally speak from the gambler's point of view.

In this case, if you lose a bet, you lose the money and that's the dark side of gambling. Losing is a part of gambling and I hope all gamblers understand this quickly once they start to gamble. High hopes from gambling may lead to difficulties and hopelessness in the future.

If we view it in that sense then it's true, the bets we lose are a win for the casino, but still in other sense the gamblers are up their for money which they are losing to a casino. I agree that losing is really a part of gambling and if someone is into gambling then he/she should keep that in mind, but sometimes we lose a lot more than expected and that's a worst thing I guess.

Most of the gamblers who aren't addicts are trying to make some money in gambling, and losing of most of the bets could cause fear in their minds. They will either give up on gambling and consider themselves unlucky, or may develop a perception in their minds that most of the casinos have intentionally made a mechanism so they could grab more money from the pockets of the gamblers. In either way they might be right or wrong, but they will never go gambling again due to the fear.

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benalexis12
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June 18, 2023, 10:59:58 AM
 #465

I agree that no betting is wasted, but during wrong bets our real money is wasted and that's not a good thing for us. I have wasted some money on few gambling games in order to learn that how the game works and what are the mechanics of the game. But, so far I found that most of the gambling games generate random numbers and that's why guessing them and making a proper strategy isn't possible on those casino games. Although, one can master sports betting with time, but still it's always somehow test of our luck vs others luck, and if the ones who bet against us are more lucky then they will always win.

You can say that no bet is a waste in the sense that even if we lose the bet, the casino is the beneficiary of that bet. In this way, we can say that all the bets give benefit in one way or another. Either you will win money from the bet or the casino & bookmaker will make money out of it. This is one way of looking into it but we generally speak from the gambler's point of view.

In this case, if you lose a bet, you lose the money and that's the dark side of gambling. Losing is a part of gambling and I hope all gamblers understand this quickly once they start to gamble. High hopes from gambling may lead to difficulties and hopelessness in the future.

Yes, you said it very clearly. Actually, I just now fully understood the sense of playing gambling casino online or not. What you said is great, your brief explanation here is detailed. Then maybe, I can just add, when we are inside the casino, does that mean we have an equal, here the casino owner wins here in crypto gambling. Because the house knows that the chances that we will lose here are high and the chance that we will win a large amount is very low.

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June 19, 2023, 06:58:49 AM
 #466

I agree that no betting is wasted, but during wrong bets our real money is wasted and that's not a good thing for us. I have wasted some money on few gambling games in order to learn that how the game works and what are the mechanics of the game. But, so far I found that most of the gambling games generate random numbers and that's why guessing them and making a proper strategy isn't possible on those casino games. Although, one can master sports betting with time, but still it's always somehow test of our luck vs others luck, and if the ones who bet against us are more lucky then they will always win.

You can say that no bet is a waste in the sense that even if we lose the bet, the casino is the beneficiary of that bet. In this way, we can say that all the bets give benefit in one way or another. Either you will win money from the bet or the casino & bookmaker will make money out of it. This is one way of looking into it but we generally speak from the gambler's point of view.

In this case, if you lose a bet, you lose the money and that's the dark side of gambling. Losing is a part of gambling and I hope all gamblers understand this quickly once they start to gamble. High hopes from gambling may lead to difficulties and hopelessness in the future.

If we view it in that sense then it's true, the bets we lose are a win for the casino, but still in other sense the gamblers are up their for money which they are losing to a casino. I agree that losing is really a part of gambling and if someone is into gambling then he/she should keep that in mind, but sometimes we lose a lot more than expected and that's a worst thing I guess.

Most of the gamblers who aren't addicts are trying to make some money in gambling, and losing of most of the bets could cause fear in their minds. They will either give up on gambling and consider themselves unlucky, or may develop a perception in their minds that most of the casinos have intentionally made a mechanism so they could grab more money from the pockets of the gamblers. In either way they might be right or wrong, but they will never go gambling again due to the fear.
Surely, a lost bet favors the house. However, that's superficial. Gambling tests more than just financial risk - its about patience, strategy, and restraint. Each loss imparts wisdom. Fail to learn, you're on the wrong track. It's less about luck, more about wising up. Yet, if dread overshadows the thrill of playing, the fear eclipses the game. The point is, gamblers should play sensibly, respect their boundaries, and step back on off-days. Remember, the essence of gambling lies in enjoyment, not in a shortcut to wealth.

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June 19, 2023, 12:51:41 PM
 #467

We keep on with learning anytime we gamble either we win or not as long as we took in the risk for making such attempt to gamble, this life is a learning ground whereby we keep on learning every days of our life, gambling have the logical explanation of how we play and understand it determines the results we are liable to bring out of it, we are also expected to learn from every experience we had through gambling and apply as needed in our daily lives.
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June 19, 2023, 02:27:57 PM
 #468

We keep on with learning anytime we gamble either we win or not as long as we took in the risk for making such attempt to gamble, this life is a learning ground whereby we keep on learning every days of our life, gambling have the logical explanation of how we play and understand it determines the results we are liable to bring out of it, we are also expected to learn from every experience we had through gambling and apply as needed in our daily lives.
There is no risk for experienced gamblers who choose to gamble for fun, gamblers always have the choice of wanting to gamble for money and multiplying it or looking for fun just for fun. For example, I gamble just for fun, so I always make every game I play an important experience for me in gambling.

Losing and winning are normal things to live life or play gambling, so there is no need to worry about that because there are no bets that are useless for us to risk in life or gambling, as long as it makes us feel happy with gambling, why not keep trying lots of games gambling that is in every casino. all games will provide its own experience for us. always betting wisely and in control is the most important experience of all the mistakes we have ever made in gambling.

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June 20, 2023, 07:19:03 AM
 #469

We keep on with learning anytime we gamble either we win or not as long as we took in the risk for making such attempt to gamble, this life is a learning ground whereby we keep on learning every days of our life, gambling have the logical explanation of how we play and understand it determines the results we are liable to bring out of it, we are also expected to learn from every experience we had through gambling and apply as needed in our daily lives.
There is no risk for experienced gamblers who choose to gamble for fun, gamblers always have the choice of wanting to gamble for money and multiplying it or looking for fun just for fun. For example, I gamble just for fun, so I always make every game I play an important experience for me in gambling.

Losing and winning are normal things to live life or play gambling, so there is no need to worry about that because there are no bets that are useless for us to risk in life or gambling, as long as it makes us feel happy with gambling, why not keep trying lots of games gambling that is in every casino. all games will provide its own experience for us. always betting wisely and in control is the most important experience of all the mistakes we have ever made in gambling.
I also tried to play many games of chance and also treat this activity as entertainment. 
But I must still note that in some games I was less lucky than in others.  And this of course affected which games I liked more and which ones less.  And I even stopped playing them.  But in general, I understand that the processes of luck / bad luck in all games have relatively approximately the same proportion, but all the same, in my psyche, those games where I lost more are still not my favorite now.  And vice versa, where they won more and lost a little less, they moved into the category of favorite games.  Although this is very likely the wrong approach to the game itself. 

But I'm not a professional player either.  And it's forgivable to me.  Smiley

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ethereumhunter
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June 20, 2023, 08:58:08 AM
 #470

We keep on with learning anytime we gamble either we win or not as long as we took in the risk for making such attempt to gamble, this life is a learning ground whereby we keep on learning every days of our life, gambling have the logical explanation of how we play and understand it determines the results we are liable to bring out of it, we are also expected to learn from every experience we had through gambling and apply as needed in our daily lives.
When we get a lesson from anything, including gambling, it can make us understand more about each situation and condition and be wiser in making decisions. And if we also learn about managing the risks we might face, we can reduce the risks while we can still enjoy gambling and have fun.

And we can also get lessons from other people's experiences to increase our gambling knowledge so that we won't gamble like other people. We can carry ourselves well in gambling and try not to cross the boundaries of gambling.

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June 28, 2023, 02:09:23 AM
 #471

I agree that no betting is wasted, but during wrong bets our real money is wasted and that's not a good thing for us. I have wasted some money on few gambling games in order to learn that how the game works and what are the mechanics of the game. But, so far I found that most of the gambling games generate random numbers and that's why guessing them and making a proper strategy isn't possible on those casino games. Although, one can master sports betting with time, but still it's always somehow test of our luck vs others luck, and if the ones who bet against us are more lucky then they will always win.

You can say that no bet is a waste in the sense that even if we lose the bet, the casino is the beneficiary of that bet. In this way, we can say that all the bets give benefit in one way or another. Either you will win money from the bet or the casino & bookmaker will make money out of it. This is one way of looking into it but we generally speak from the gambler's point of view.

In this case, if you lose a bet, you lose the money and that's the dark side of gambling. Losing is a part of gambling and I hope all gamblers understand this quickly once they start to gamble. High hopes from gambling may lead to difficulties and hopelessness in the future.

~~
Most of the gamblers who aren't addicts are trying to make some money in gambling, and losing of most of the bets could cause fear in their minds. They will either give up on gambling and consider themselves unlucky, or may develop a perception in their minds that most of the casinos have intentionally made a mechanism so they could grab more money from the pockets of the gamblers. In either way they might be right or wrong, but they will never go gambling again due to the fear.
You are right there are many gamblers who are very little addicted to gambling. They are afraid to bet for fear of losing money but are very happy if the bet wins later. When a newbie gambles in a casino he blames his luck if he loses. Sometimes people think casinos work in their favor. But basically the point is that when a person wants to earn money by gambling, he must know special strategies. A person who bets with little understanding of the casino will surely lose his money and consider the casino to be a fraud. But gamblers should understand that there are not only losses but also profits in the casino and those who understand the bets well can see many profits. But I don't bet anymore after losing gambling because I didn't become so addicted to gambling that I stopped myself from gambling.

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Popkon6
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June 28, 2023, 11:56:33 AM
 #472

I agree that no betting is wasted, but during wrong bets our real money is wasted and that's not a good thing for us. I have wasted some money on few gambling games in order to learn that how the game works and what are the mechanics of the game. But, so far I found that most of the gambling games generate random numbers and that's why guessing them and making a proper strategy isn't possible on those casino games. Although, one can master sports betting with time, but still it's always somehow test of our luck vs others luck, and if the ones who bet against us are more lucky then they will always win.

You can say that no bet is a waste in the sense that even if we lose the bet, the casino is the beneficiary of that bet. In this way, we can say that all the bets give benefit in one way or another. Either you will win money from the bet or the casino & bookmaker will make money out of it. This is one way of looking into it but we generally speak from the gambler's point of view.

In this case, if you lose a bet, you lose the money and that's the dark side of gambling. Losing is a part of gambling and I hope all gamblers understand this quickly once they start to gamble. High hopes from gambling may lead to difficulties and hopelessness in the future.

Yes, you said it very clearly. Actually, I just now fully understood the sense of playing gambling casino online or not. What you said is great, your brief explanation here is detailed. Then maybe, I can just add, when we are inside the casino, does that mean we have an equal, here the casino owner wins here in crypto gambling. Because the house knows that the chances that we will lose here are high and the chance that we will win a large amount is very low.

Basically gamblers are never afraid of losing because in gambling there will be profit and loss. That's why if we bet on a few matches we almost lose the match and from experience now if we bet in the current season the chance of losing is very less in my case. If I say losing definitely develops skills which will be useful in your next gambling game. Every gambler has hidden some losing incidents in their life and later they almost win if they participate in betting.

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LUCKMCFLY
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June 30, 2023, 05:33:44 PM
 #473

It is possible to conduct an approach to gambling that is strategic an logical. This is about trying to understand the odds, the possibilities and what drives the game dynamics in a certain gambling event. There is nothing as wasted as long as you take such an approach and have a theory you are testing or a logic that you are following in your gambling. That is, if you learn somehting.
When I play I always try to use all that, both logic, intelligence, especially intelligence so as not to lose too much money, but I have always found or come to the conclusion that when some things happen, logic doesn't work, that's all that It goes in the direction of luck, when I play a lot with logic I don't win after a certain time, but when I play randomly I recover something of what I have lost, so these things are very good to take into Consideration without forgetting that everything is possible if we propose to play with different strategies.

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Fivestar4everMVP
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June 30, 2023, 05:42:46 PM
 #474

It is possible to conduct an approach to gambling that is strategic an logical. This is about trying to understand the odds, the possibilities and what drives the game dynamics in a certain gambling event. There is nothing as wasted as long as you take such an approach and have a theory you are testing or a logic that you are following in your gambling. That is, if you learn somehting.
When I play I always try to use all that, both logic, intelligence, especially intelligence so as not to lose too much money, but I have always found or come to the conclusion that when some things happen, logic doesn't work, that's all that It goes in the direction of luck, when I play a lot with logic I don't win after a certain time, but when I play randomly I recover something of what I have lost, so these things are very good to take into Consideration without forgetting that everything is possible if we propose to play with different strategies.

Quite agree with you, we all are given brains for a reason after all, and one of the reasons I believe is to be able to think, come up with our own ideas, strategize and create something entirely new from what is already existing in terms of strategies and all that..

I don't know  very much about how logic can be applied to gambling, most especially casinos games, but then, intelligence is one important aspect we must not do without, keeping watch over the game and your finances, knowing when to take a break, when to increase a bet and when to lower it, just so that at the end of the day, you don't end up losing more than budgeted for gambling that day,.

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Bushdark
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June 30, 2023, 07:18:37 PM
 #475

I agree that no betting is wasted, but during wrong bets our real money is wasted and that's not a good thing for us. I have wasted some money on few gambling games in order to learn that how the game works and what are the mechanics of the game. But, so far I found that most of the gambling games generate random numbers and that's why guessing them and making a proper strategy isn't possible on those casino games. Although, one can master sports betting with time, but still it's always somehow test of our luck vs others luck, and if the ones who bet against us are more lucky then they will always win.

You can say that no bet is a waste in the sense that even if we lose the bet, the casino is the beneficiary of that bet. In this way, we can say that all the bets give benefit in one way or another. Either you will win money from the bet or the casino & bookmaker will make money out of it. This is one way of looking into it but we generally speak from the gambler's point of view.

In this case, if you lose a bet, you lose the money and that's the dark side of gambling. Losing is a part of gambling and I hope all gamblers understand this quickly once they start to gamble. High hopes from gambling may lead to difficulties and hopelessness in the future.
I this page, I think it is only casino that could proudly insight that no bet is a waste. They are the one that is in charge of our funds since we always make deposit on the casino to make bet. If bet and they decide whether we win or not. It is very important for us to understand some certain things about gambling before we make any move to admit that no bet is a waste.

There are many gamblers that are making loses everyday and if we say that there bet is not a waste, so who is profiting from the bet? Casino earn the largest profits even though there are some of us they keep making consistent profits from the bets we make.









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July 01, 2023, 09:05:43 AM
 #476

It is possible to conduct an approach to gambling that is strategic an logical. This is about trying to understand the odds, the possibilities and what drives the game dynamics in a certain gambling event. There is nothing as wasted as long as you take such an approach and have a theory you are testing or a logic that you are following in your gambling. That is, if you learn somehting.
When I play I always try to use all that, both logic, intelligence, especially intelligence so as not to lose too much money, but I have always found or come to the conclusion that when some things happen, logic doesn't work, that's all that It goes in the direction of luck, when I play a lot with logic I don't win after a certain time, but when I play randomly I recover something of what I have lost, so these things are very good to take into Consideration without forgetting that everything is possible if we propose to play with different strategies.

The "perception" that you win more when you play randomly rather than logically may be a cognitive distortion called "illusion of control". When we assume our "random" plays affect a game of chance, we overestimate our control over occurrences. The games' house edge ensures that losing always outweighs winning. Remember that gaming results are unpredictable and independent of previous results. The previous round does not affect the next. It's termed "gambling" not "winning" because of this. Therefore, gambling should be seen as fun, not a way to generate money. This way, you can enjoy the process without worrying about the end.

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July 01, 2023, 11:14:30 AM
 #477

~
The "perception" that you win more when you play randomly rather than logically may be a cognitive distortion called "illusion of control". When we assume our "random" plays affect a game of chance, we overestimate our control over occurrences. The games' house edge ensures that losing always outweighs winning. Remember that gaming results are unpredictable and independent of previous results. The previous round does not affect the next. It's termed "gambling" not "winning" because of this. Therefore, gambling should be seen as fun, not a way to generate money. This way, you can enjoy the process without worrying about the end.

The House Edge only ensures that the probability of losing is slightly higher than that of winning. Same as your win is never guaranteed with whatever advanced strategy, your lose is never guaranteed too, if the HE is less than 100%. And let's not forget that the house edge is never even close to that number, rather, it's in the range of 1% to 10%, right?

Overall, your win is quite probable if you are making sports betting with knowledge like the OP here.

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July 13, 2023, 06:35:27 PM
 #478

It is possible to conduct an approach to gambling that is strategic an logical. This is about trying to understand the odds, the possibilities and what drives the game dynamics in a certain gambling event. There is nothing as wasted as long as you take such an approach and have a theory you are testing or a logic that you are following in your gambling. That is, if you learn somehting.
When I play I always try to use all that, both logic, intelligence, especially intelligence so as not to lose too much money, but I have always found or come to the conclusion that when some things happen, logic doesn't work, that's all that It goes in the direction of luck, when I play a lot with logic I don't win after a certain time, but when I play randomly I recover something of what I have lost, so these things are very good to take into Consideration without forgetting that everything is possible if we propose to play with different strategies.

Quite agree with you, we all are given brains for a reason after all, and one of the reasons I believe is to be able to think, come up with our own ideas, strategize and create something entirely new from what is already existing in terms of strategies and all that..

I don't know  very much about how logic can be applied to gambling, most especially casinos games, but then, intelligence is one important aspect we must not do without, keeping watch over the game and your finances, knowing when to take a break, when to increase a bet and when to lower it, just so that at the end of the day, you don't end up losing more than budgeted for gambling that day,.

Of course, the idea is always to make available everything we know, intelligence is something that we must always take into consideration, for me the most important thing from the moment I enter a casino or online game is to apply my knowledge of everything . , what I see that I can apply, I apply, our strategies will always be good, sometimes some players can say that the strategies or applying intelligence are useless when playing in a casino, because the simple fact of being in a casino gives us totally to luck and it can be like that, even so it goes very well for me when I play with my strategies.

On social networks, especially on YouTube, I have always found strategies, sometimes I have found some that make me win, others not, but the strategies work for me, I'm just saying, if it worked for a player at some point, it doesn't have to be for me, or maybe yes.

Every casino player will always hope to have good strategies to play in a casino, I think that otherwise, there would be no point in playing, I have seen that many say that there are no strategies, that this is a lie, that there is not, but there is no killing the illusion, many have worked for me, and I don't know if by luck or by the same random system that does it, but so far it has gone well for me that way.

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July 13, 2023, 07:04:02 PM
 #479

I agree that no betting is wasted, but during wrong bets our real money is wasted and that's not a good thing for us. I have wasted some money on few gambling games in order to learn that how the game works and what are the mechanics of the game. But, so far I found that most of the gambling games generate random numbers and that's why guessing them and making a proper strategy isn't possible on those casino games. Although, one can master sports betting with time, but still it's always somehow test of our luck vs others' luck, and if the ones who bet against us are luckier then they will always win.

You can say that no bet is a waste in the sense that even if we lose the bet, the casino is the beneficiary of that bet. In this way, we can say that all the bets give benefit in one way or another. Either you will win money from the bet or the casino & bookmaker will make money out of it. This is one way of looking into it but we generally speak from the gambler's point of view.

In this case, if you lose a bet, you lose the money and that's the dark side of gambling. Losing is a part of gambling and I hope all gamblers understand this quickly once they start to gamble. High hopes from gambling may lead to difficulties and hopelessness in the future.
If you lose the bet, that is the risk you have to face. And if you understand the risks of losing money, you don't waste your money on gambling because you can accept whatever the outcome is. But still, other people, especially those who don't gamble or are unfamiliar with gambling, will judge that it is in vain. They will argue that the money should be used to buy food or other things so that it will be more useful for us. So, in this case, we have to choose it, and if it is futile because we have no chance of winning, we don't need to gamble but will choose another day.
But when gambling is done as fun instead of making it a means to make income then you will realize that indeed no bet is a waste since either way you end up having the fun you desire and that is the true essence of gambling because if gambling is based on the fun it won't generate into something that is more worst such as lose of money or sliding into addictions on the long run.

So the ops are right by saying no bet is a waste and that is my own understanding of the subject matter as regards to gambling and what perspectives should gamblers set for themselves.
So whether you lose or win it all good and fun is the ultimate and that is something to look forward to to keep the motivations.
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July 14, 2023, 05:57:26 PM
Last edit: July 15, 2023, 06:22:53 AM by Youngkhngdiddy
 #480

 There's a saying that where there's no risk there's no reward, and betting involves taking risks to predict the out come of an upcoming event, which I think shouldn't be considered a waste, because in the world of gambling it either you win or loss, for instance no one knows the future it's either there are speculations or people predict about it so if there predictions didn't come out through does that mean It should be considered a waste? The answer is No.

 In the world of gambling where there's betting and predictions involved everyone's opinion is valid and you're allowed to be either for or against a particular outcome and the whether outcomes are good or bad you're a accountable for it, but that shouldn't be considered a waste because you know the risk involved in it before taking actions, moreover nobody is %100 perfect you win and loss in betting and also learn from your lose as well, instead of tagging it a waste cause you say that if you had won.
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