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Author Topic: do you lose on slots?  (Read 6605 times)
Lucasgabd
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August 09, 2023, 03:03:29 PM
 #621

~snip~
luck is a tricky godess
it's funny to think why she smiles at some people and not at others
and why some people have these huge luck strikes winning game after game after game

I met this guy once who was great at lotteries and bingos and won dozens of it... just weird. against all odds.

In my experience those people play a lot, and only share with you the times they win, while keeping to themselves all the times they lose.

It's pretty common to be honest, it's rare to hear someone talking about how much money they lost in the casino.

there's a name for this cognitive bias if I'm not wrong
confirmation bias or something like that, not sure in english

it's like sharing only the ups and not the downs what don't allow someone to have a clear picture of the situation.

always best to try to see all aspects of reality instead of only part of it.

.
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August 10, 2023, 04:39:21 AM
Merited by Lucasgabd (1)
 #622

~snip~
there's a name for this cognitive bias if I'm not wrong
confirmation bias or something like that, not sure in english

it's like sharing only the ups and not the downs what don't allow someone to have a clear picture of the situation.

always best to try to see all aspects of reality instead of only part of it.

Yes, it's called Survivorship Bias, basically you only get to hear from the successful attempts to do something. Most fails, you basically never get to hear from.

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Lucasgabd
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August 10, 2023, 03:22:19 PM
 #623

~snip~
there's a name for this cognitive bias if I'm not wrong
confirmation bias or something like that, not sure in english

it's like sharing only the ups and not the downs what don't allow someone to have a clear picture of the situation.

always best to try to see all aspects of reality instead of only part of it.

Yes, it's called Survivorship Bias, basically you only get to hear from the successful attempts to do something. Most fails, you basically never get to hear from.

exactly! that was what I was looking for, just forgot the name

this is the point
the cemetery of losers is quite silent, you don't hear people sharing their losses so often, so it can give you the false illusion that winning is easy or that risks are lower than they actually are

.
.DuelbitsSPORTS.
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Betwrong
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August 13, 2023, 09:57:19 AM
 #624

~

Talking about the low frequency of bonus round, basically it may happen in all providers when you are in your bad luck.
Some people may not hit bonus round in one specific game/provider after 1000 spins but some other people may hit few times bonus round at the same time.

That's what what I've been always thinking. Well, not always, but after researching about how online slots work a bit. Providers can't change the probaility of hitting the bonus roun at will.

I had a time where I play slot game from Pragmatic with my friend IRL.
We played the same game at the same time, with the same bet amount and in the same casino (local casinos).
What was the result? I can say that the result is something different, my friend got more wins with more bonus round while I got more loss spins and less bonus round.

And it could be the other way round, yes? Slot doesn't "know" who plays it now, and who played it before, and what was lost or won before. In fact, they could easily monitor that, but they don't.

~ From that moment when I said that things have changed,I don't know if it is just a coincidence but soon after not longer than the other day after that I saw at least some persons hitting those max wins in the Pragmatic Play well known slots like Sweet Bonanza and a couple of other slots.Of course the slot description is something unique which can identify how much the slot is going to give back in the RTP but that also means that this RTP takes sometimes one hundred millions spins before reaching out to that spot of the slot machine,pretty complex programming that is why they are the most successful game in every casino.

That's right, after one hundred million spins it's getting closer to the declared RTP. It may deviate by 0.1 % from that, but not more. With just thousands of spins you can be far away from the declared RTP, and there's nothing wrong with that.

~ this is the point
the cemetery of losers is quite silent, you don't hear people sharing their losses so often, so it can give you the false illusion that winning is easy or that risks are lower than they actually are

But nevertheless, most gamblers realize that the probability of them winning is a bit less than losing. They just hope for good luck and that's why they play, not because they think winning is easy. No?

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August 13, 2023, 10:21:38 AM
 #625

~snip~
there's a name for this cognitive bias if I'm not wrong
confirmation bias or something like that, not sure in english

it's like sharing only the ups and not the downs what don't allow someone to have a clear picture of the situation.

always best to try to see all aspects of reality instead of only part of it.

Yes, it's called Survivorship Bias, basically you only get to hear from the successful attempts to do something. Most fails, you basically never get to hear from.

For me it is the first time I hear it.The problem is that most of the time I have been always blaming and yelling in specific slot threads that I kept losing money lately but most recently I have not been publishing my loses so does this mean I am one of this people having this syndrome?I don't care even if I am but I have found out that it is better to not post about your loses as nothing will improve while if you stay silent and only post your winnings maybe the false sense of illusion that you are winning is why most people do not post their loses and they are part of this syndrome.

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nullama
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August 14, 2023, 02:45:02 AM
 #626

~snip~
For me it is the first time I hear it.The problem is that most of the time I have been always blaming and yelling in specific slot threads that I kept losing money lately but most recently I have not been publishing my loses so does this mean I am one of this people having this syndrome?I don't care even if I am but I have found out that it is better to not post about your loses as nothing will improve while if you stay silent and only post your winnings maybe the false sense of illusion that you are winning is why most people do not post their loses and they are part of this syndrome.

It's not like having a disease, it's basically something that pretty much all humans have, at different levels. It's like for example optical illusions, everyone can see them, because that's how the brain works.

Most people will share success stories, and most people would be interested in knowing about success stories.

A similar phrase that captures this idea is the following:

"success has many fathers, failure is an orphan"

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Lucasgabd
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August 15, 2023, 03:44:36 PM
 #627

~ this is the point
the cemetery of losers is quite silent, you don't hear people sharing their losses so often, so it can give you the false illusion that winning is easy or that risks are lower than they actually are

But nevertheless, most gamblers realize that the probability of them winning is a bit less than losing. They just hope for good luck and that's why they play, not because they think winning is easy. No?

yes, I think they simply overestimate their luck and can't access probability well, mainly because it's hard for our minds to comprehend math

you have more probability of getting into a car accident driving 15 km to buy a lottery ticket than winning the lottery you are buying the ticket for.
crazy but simple math

.
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August 15, 2023, 04:09:32 PM
 #628

~snip~
For me it is the first time I hear it.The problem is that most of the time I have been always blaming and yelling in specific slot threads that I kept losing money lately but most recently I have not been publishing my loses so does this mean I am one of this people having this syndrome?I don't care even if I am but I have found out that it is better to not post about your loses as nothing will improve while if you stay silent and only post your winnings maybe the false sense of illusion that you are winning is why most people do not post their loses and they are part of this syndrome.

It's not like having a disease, it's basically something that pretty much all humans have, at different levels. It's like for example optical illusions, everyone can see them, because that's how the brain works.

Most people will share success stories, and most people would be interested in knowing about success stories.

A similar phrase that captures this idea is the following:

"success has many fathers, failure is an orphan"
Isn't that what you mean it is a kind of belief that is relied on too much because there are quite a few failures when doing some things or steps that are not quite right, plus the belief that every success there are other factors that support it to cause a lack of confidence in one's own abilities when acting.
Human thinking is indeed like that and almost all the workings of the brain must be headed in the same direction when they get a barrage of failures.
Anyone will never tell more about their failure experience to others because there is a fear of being belittled or insulted because the failures they experience always happen, but on the other hand, every success must be told to anyone so that everyone hears and knows it.

It is true that success has many fathers and failure is an orphan.
From here we should be able to learn a little to understand all of that so that we don't give priority to thoughts that are not clear enough.

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August 21, 2023, 08:55:58 AM
 #629

~ this is the point
the cemetery of losers is quite silent, you don't hear people sharing their losses so often, so it can give you the false illusion that winning is easy or that risks are lower than they actually are

But nevertheless, most gamblers realize that the probability of them winning is a bit less than losing. They just hope for good luck and that's why they play, not because they think winning is easy. No?

yes, I think they simply overestimate their luck and can't access probability well, mainly because it's hard for our minds to comprehend math

you have more probability of getting into a car accident driving 15 km to buy a lottery ticket than winning the lottery you are buying the ticket for.
crazy but simple math

If you mean, winning Jackpot, definitely. Same with slots: the chance of hitting something like 100,000x of your bet is much smaller than the chance of getting struck by lightning in your lifetime lifetime. Yet we hope we'll hit it despite the odds. And some people do hit it, and even not once during their lifetime. We hope to be among those people one day. And if that hope makes our life brighter, who can forbid us to have it?

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nullama
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August 21, 2023, 10:15:01 AM
 #630

~snip~
Isn't that what you mean it is a kind of belief that is relied on too much because there are quite a few failures when doing some things or steps that are not quite right, plus the belief that every success there are other factors that support it to cause a lack of confidence in one's own abilities when acting.
Human thinking is indeed like that and almost all the workings of the brain must be headed in the same direction when they get a barrage of failures.
Anyone will never tell more about their failure experience to others because there is a fear of being belittled or insulted because the failures they experience always happen, but on the other hand, every success must be told to anyone so that everyone hears and knows it.

It is true that success has many fathers and failure is an orphan.
From here we should be able to learn a little to understand all of that so that we don't give priority to thoughts that are not clear enough.

Yeah, the key to success really is to fail all the time in private, in the back-end so to speak.

All the training, testing, effort, etc, is done away from people, just privately.

Then, when you succeed after years of hard work, you will be seen as an overnight success  Grin

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nara1892
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August 21, 2023, 12:25:39 PM
 #631

~ this is the point
the cemetery of losers is quite silent, you don't hear people sharing their losses so often, so it can give you the false illusion that winning is easy or that risks are lower than they actually are

But nevertheless, most gamblers realize that the probability of them winning is a bit less than losing. They just hope for good luck and that's why they play, not because they think winning is easy. No?

yes, I think they simply overestimate their luck and can't access probability well, mainly because it's hard for our minds to comprehend math

you have more probability of getting into a car accident driving 15 km to buy a lottery ticket than winning the lottery you are buying the ticket for.
crazy but simple math

If you mean, winning Jackpot, definitely. Same with slots: the chance of hitting something like 100,000x of your bet is much smaller than the chance of getting struck by lightning in your lifetime lifetime. Yet we hope we'll hit it despite the odds. And some people do hit it, and even not once during their lifetime. We hope to be among those people one day. And if that hope makes our life brighter, who can forbid us to have it?

In the event that you've got a lot of time on your hands, it's possible you'll be able to get a jackpot in slot gambling, it's very possible that we can get it, I hear a lot that people have gotten it, even I'm a little surprised that from those who in a week can get 3x big jackpots, it seems like they are in the biggest luck of their lives. But only some people can get that, and I am a person who honestly finds it very difficult to be in that position because maybe luck has not been on my side. That's right, there are a lot of obstacles that we have to go through in order to get that big win, and the main one is a very large number of defeats accompanied by some mental and psychological disorders. But that is just a common problem that all gamblers will feel, so some of them will consider it natural as one of the sacrifices. As long as we still have boundaries and can apply them firmly to ourselves then it's okay to go gambling to fill the time, but don't put too much ambition there because it will only make you worse with a lot of losses.

.
.DuelbitsSPORTS.
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tusandii
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August 21, 2023, 12:50:49 PM
 #632

~snip~
Isn't that what you mean it is a kind of belief that is relied on too much because there are quite a few failures when doing some things or steps that are not quite right, plus the belief that every success there are other factors that support it to cause a lack of confidence in one's own abilities when acting.
Human thinking is indeed like that and almost all the workings of the brain must be headed in the same direction when they get a barrage of failures.
Anyone will never tell more about their failure experience to others because there is a fear of being belittled or insulted because the failures they experience always happen, but on the other hand, every success must be told to anyone so that everyone hears and knows it.

It is true that success has many fathers and failure is an orphan.
From here we should be able to learn a little to understand all of that so that we don't give priority to thoughts that are not clear enough.

Yeah, the key to success really is to fail all the time in private, in the back-end so to speak.

All the training, testing, effort, etc, is done away from people, just privately.

Then, when you succeed after years of hard work, you will be seen as an overnight success  Grin
That is, if someone can learn from failures that often occur and for those who tend not to care about failure and only have determination without thinking that everything needs to be learned, it needs to be evaluated, then it will only be the same, until whenever you will never get success the.

It is true that what is being done can be more focused and that way each individual can have better character and can really take advantage of all that has been learned.

Everything requires a long process to reach the desired point of success but usually most people don't see the process for years and they will only judge when we have reached the top point. Roll Eyes

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August 21, 2023, 12:56:17 PM
 #633

~snip~
Isn't that what you mean it is a kind of belief that is relied on too much because there are quite a few failures when doing some things or steps that are not quite right, plus the belief that every success there are other factors that support it to cause a lack of confidence in one's own abilities when acting.
Human thinking is indeed like that and almost all the workings of the brain must be headed in the same direction when they get a barrage of failures.
Anyone will never tell more about their failure experience to others because there is a fear of being belittled or insulted because the failures they experience always happen, but on the other hand, every success must be told to anyone so that everyone hears and knows it.

It is true that success has many fathers and failure is an orphan.
From here we should be able to learn a little to understand all of that so that we don't give priority to thoughts that are not clear enough.

Yeah, the key to success really is to fail all the time in private, in the back-end so to speak.

All the training, testing, effort, etc, is done away from people, just privately.

Then, when you succeed after years of hard work, you will be seen as an overnight success  Grin

Yeah like those slot streamers,they keep recording for hours,days,weeks and months before reaching that max win and they cut the video and upload to streaming service only the win part of their session,they are also seen as super gamblers yet they are only being sponsored a certain amount to promote the casino they will throw you a link to join.

Everyone loses at slots because they are programmed like that,the only good thing is to have a huge max win in order to recover some of the loses.

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August 21, 2023, 02:03:02 PM
 #634

~ this is the point
the cemetery of losers is quite silent, you don't hear people sharing their losses so often, so it can give you the false illusion that winning is easy or that risks are lower than they actually are

But nevertheless, most gamblers realize that the probability of them winning is a bit less than losing. They just hope for good luck and that's why they play, not because they think winning is easy. No?

yes, I think they simply overestimate their luck and can't access probability well, mainly because it's hard for our minds to comprehend math

you have more probability of getting into a car accident driving 15 km to buy a lottery ticket than winning the lottery you are buying the ticket for.
crazy but simple math

If you mean, winning Jackpot, definitely. Same with slots: the chance of hitting something like 100,000x of your bet is much smaller than the chance of getting struck by lightning in your lifetime lifetime. Yet we hope we'll hit it despite the odds. And some people do hit it, and even not once during their lifetime. We hope to be among those people one day. And if that hope makes our life brighter, who can forbid us to have it?

oh, nobody can forbid us to have hope
sometimes I wonder how much good it makes us and how much bad it makes us like making us sticking to situations that won't change

though I think the final balance overall is more to the good than to the bad.

like The Shawshank Redemption teaches us.

.
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August 21, 2023, 04:18:56 PM
 #635

~ this is the point
the cemetery of losers is quite silent, you don't hear people sharing their losses so often, so it can give you the false illusion that winning is easy or that risks are lower than they actually are

But nevertheless, most gamblers realize that the probability of them winning is a bit less than losing. They just hope for good luck and that's why they play, not because they think winning is easy. No?

yes, I think they simply overestimate their luck and can't access probability well, mainly because it's hard for our minds to comprehend math

you have more probability of getting into a car accident driving 15 km to buy a lottery ticket than winning the lottery you are buying the ticket for.
crazy but simple math

If you mean, winning Jackpot, definitely. Same with slots: the chance of hitting something like 100,000x of your bet is much smaller than the chance of getting struck by lightning in your lifetime lifetime. Yet we hope we'll hit it despite the odds. And some people do hit it, and even not once during their lifetime. We hope to be among those people one day. And if that hope makes our life brighter, who can forbid us to have it?

In the event that you've got a lot of time on your hands, it's possible you'll be able to get a jackpot in slot gambling, it's very possible that we can get it, I hear a lot that people have gotten it, even I'm a little surprised that from those who in a week can get 3x big jackpots, it seems like they are in the biggest luck of their lives. But only some people can get that, and I am a person who honestly finds it very difficult to be in that position because maybe luck has not been on my side. That's right, there are a lot of obstacles that we have to go through in order to get that big win, and the main one is a very large number of defeats accompanied by some mental and psychological disorders. But that is just a common problem that all gamblers will feel, so some of them will consider it natural as one of the sacrifices. As long as we still have boundaries and can apply them firmly to ourselves then it's okay to go gambling to fill the time, but don't put too much ambition there because it will only make you worse with a lot of losses.
The house ALWAYS wins. Every time. All the enticing stories about winning a rare jackpot or about winning three times in a row are meant to satiate the base desires and cravings. Thats a delusion, a trick used by casinos to entice you to keep playing.

You discuss having fun and setting limits, but here's the harsh reality: The system is designed to take advantage of you, not to entertain you. both psychological and mental illnesses? They are more than just barriers. Nor are they only "common problems." They are proof of a system that exists to eat you alive and spit you back out. Dont romanticize it. If fortune has not been on your side, it may be time to consider whether the game was fixed from the beginning.

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August 21, 2023, 05:38:23 PM
 #636

The house ALWAYS wins. Every time. All the enticing stories about winning a rare jackpot or about winning three times in a row are meant to satiate the base desires and cravings. Thats a delusion, a trick used by casinos to entice you to keep playing.

You discuss having fun and setting limits, but here's the harsh reality: The system is designed to take advantage of you, not to entertain you. both psychological and mental illnesses? They are more than just barriers. Nor are they only "common problems." They are proof of a system that exists to eat you alive and spit you back out. Dont romanticize it. If fortune has not been on your side, it may be time to consider whether the game was fixed from the beginning.
I sort of disagree with this. Not with the fact that house always wins, but wih the system and how it's definitely made to entertain me. If it wouldn't be, then why would i would keep coming playing with demo mode with slots? I know that some slots are engineered to addict me, but so is the whole social media. I don't mind being addicted in that way and getting my dopamine from that.

In sports i also enjoy the process of studying fighters in MMA. PArt of the fun is look comparing statistics, looking at their skills from videos and history and weaknesses. Looking at the live match is part of the entertainment too. Even thought the money plays a key part, i am not playing games that are not entertaining me. I totally understand the odds, but just because someone is having a lucky streak, it doesn't mean games are rigded. It's in same way just part of the probability that sometimes you win more. That's almost as sure that you will sometimes lose.

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August 21, 2023, 11:18:00 PM
 #637

~snip~
I sort of disagree with this. Not with the fact that house always wins, but wih the system and how it's definitely made to entertain me. If it wouldn't be, then why would i would keep coming playing with demo mode with slots? I know that some slots are engineered to addict me, but so is the whole social media. I don't mind being addicted in that way and getting my dopamine from that.

In sports i also enjoy the process of studying fighters in MMA. PArt of the fun is look comparing statistics, looking at their skills from videos and history and weaknesses. Looking at the live match is part of the entertainment too. Even thought the money plays a key part, i am not playing games that are not entertaining me. I totally understand the odds, but just because someone is having a lucky streak, it doesn't mean games are rigded. It's in same way just part of the probability that sometimes you win more. That's almost as sure that you will sometimes lose.

At the end of the day, the odds are against the gambler.

It doesn't matter how you present this, it's basically an advantage to the house.

Different games have different amounts of house advantage, but the casino always has a better chance to win.

This means that over time, the gambler will lose all the money that they bet.

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August 21, 2023, 11:51:46 PM
 #638

you have more probability of getting into a car accident driving 15 km to buy a lottery ticket than winning the lottery you are buying the ticket for.
crazy but simple math

Surprising but true, I've heard of odds like that even more extreme.  A newly qualified teenage driver is more likely to experience a serious car accident then the same age serving soldier suffering serious injury in an active war zone.   How that is possible to be true is somehow we drastically under rate every day risks and probability because they are familiar to us.  Another variation is the trip to the airport via car is the most dangerous part of flying abroad etc.

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August 28, 2023, 10:47:14 AM
 #639

~
In the event that you've got a lot of time on your hands, it's possible you'll be able to get a jackpot in slot gambling, it's very possible that we can get it, I hear a lot that people have gotten it, ~

If you have a lot of spare time and can spend it on playing slots, it would take thousands of hours of constant playing, or, realistically speaking, years and years, and  the most probable result of that would be: your losing the house edge to the house. In other words: with $10 Million wagered you'll lose around $500k to the house. And even then you are not guaranteed to hit the Jackpot. So, it's definitely not about time. It's about luck and luck only. In slots time, method, persistence, they are irrelevant. Those who don't know it, can lose a lot on slots.

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August 28, 2023, 10:50:55 AM
 #640

you have more probability of getting into a car accident driving 15 km to buy a lottery ticket than winning the lottery you are buying the ticket for.
crazy but simple math

That is crazy for real.I think I can share such status on Linkedin and people will have a good laugh there.I think that if people who keep buying lottery tickets know this they will most probably stop doing it,to go 15 km further from their home and having more odds to get a car accident than winning the lottery.

Slots are not much different though,they are programmed to get you money in the long run but they are programmed so well that they get your money little by little and they do not drain your pockets directly.I tried as I said before playing for 13 hours the same slot and in the end I lost everything,not crazy but simple math here  Grin.

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