Never Expect Consistent Winnings From Gambling - A Lesson I Learnt.

[Fivestar4everMVP]

Let's begin with a story (more like a parable) which I think is familiar to some of us...

A Man on his sick bed called two of his sons, and asked both of them, "you both have heard that experience is the best teacher right?"

They both answered - "yes dad"

He then asked the first son - "you my first son, how or what is the best way to learn from experience?"

The first son, after thinking for a while answered "learning from my mistakes, that is, never making the same mistake twice".

The father answered - "that's very good my son, you've answered well".

Then turned to the second son, and asked him the same question..

The second son answered immediately - "it is good to learn from my mistakes, but I think it is better to learn from other people's mistakes, so that I won't have to make mistakes myself before I learn".

The father looked at him and was short of words to empress himself, he told both of them to go, but later called the second son privately and said to him, "I am astonished by the level of your wisdom, you can't take your elder brother's place as my first son, but I put him under your care, do all you can to keep him from taking wrong decisions".

Now, To the main discussion...

Please note that I've previously touched on this topic HERE, but I decide to escalate it as a topic to better reach more gamblers who possibly could learn from the experience..

A supposed friend, he working and has been gambling for a while, recently got lucky, won consistently for 3 good days consecutively..

1st day, he won $670+
2nd day, he won $702+
3rd day, he won $692+
This are the ones I know and saw the slip myself...

For most of us in my area here, it was like he did a charm, I personally envied him to be sincere, but not with any evil intention , I only wished I was as lucky as him..

But the sad thing about the whole thing was that, he's attitude changes, those are big amount when converted to my country's local currency, but not big enough to warrant his Change of attitude..
He started spending anyhow, sleeping in different hotels with different women - before this, he already quit his job, he bought himself an iPhone and also bought an iPhone for one hoe that was following him up and down as a girlfriend - he left our neighborhood and moved to a better place and a bigger apartment, he become arrogant and left some of his friends in times of want behind, he did all he did probably with a mindset that the winnings will keep coming, some even spread some rumor that the guy meet a witch doctor who prepared a luck charm for him, which is what gave him the confidence of quiting his job - to me, this remains a rumor, since there is no way to verify if this is true of false.

Long story short, 2 months after the whole winning spree, this guy lost everything back to casinos where he gambled on, he made gambling his day job, probably increased his bets so as to win more,  but as of today, this guy is joblessly roaming the streets, depend solely on friends to feed, as of yesterday when I overheard him discussing with some one I am also close to, he was asking to help him look for a Job, that what he planned didn't work out - what ever he planned that didn't work out, I don't know, but this is a lesson for us all to learn from.

Gambling is not a business, and neither should you ever take it as a day job, in reference to this thread - it is likely impossible to make a consistent winning from gambling, there are day you win, even much more than $100, and there are days you will lose it all, to make a consistent $100 or more every day in gambling is a mirage, wishful thinking that might never happen.

Feel free to chip in your contribution.

[Oshosondy]

Not that the guy is even rich yet, not that he built a mansion or a company for business. He rented an apartment and bought two iPhones and thought the earning will be consistent.

but this is a lesson for us all to learn from.

He left his job just because of gambling. That is stupidity. There is nothing I can learn about this but to see it as stupidity.

Although you are very correct, gambling should not be seen as a business. People that see it as business and a way to make income will always end like this.

[KTChampions]

Did I read something wrong or are these two different stories? In the first case, the path from success to failure took only 3 days, and in the extended version of the story, it took 2 months. Let's say I'm ready to believe that there are such stupid gamblers who quit their jobs after three days during which they win 2.5 thousand dollars, but it's hard for me to believe that someone is lucky for 2 months.

[Mr.suevie]

A really nice story though and I was also overwhelmed when I saw that particular thread stating the possibility of someone making consistent 100$ on a daily basis which has only a 15% possibility because  gambling is backed by just one base which is luck and I have said this times without number that it is impossible for one to actually make a living out of gambling as I can say this because of the experience I have seen and had myself as a gambler. Its rather absurd that someone in his right senses will quite his job just because he acquire a lucky winning spree and the whole stupidity of it all is that he made lavish with the money without even setting up a nice investment that can keep the money. Because he  can't expecte to win every day.

[Fesatmas]

The point is an error in the mindset that makes all the bad things happen, it's impossible for either a small or big casino to give you profit for one week, if 1-4 days I believe enough because I've experienced it, basically if gambling is done in a casino or slot gambling and gambling that does not have a playing opponent is impossible, because basically gambling services are not services of providing charitable assistance to anyone who comes to them, it is a business that is managed by a handful of people who want to benefit from gambling activity.
If you get a win every day of the week, it's possible for you to be loved and for the kindness of the gambling owner (if you're not cheating).

Did I read something wrong or are these two different stories? In the first case, the path from success to failure took only 3 days, and in the extended version of the story, it took 2 months. Let's say I'm ready to believe that there are such stupid gamblers who quit their jobs after three days during which they win 2.5 thousand dollars, but it's hard for me to believe that someone is lucky for 2 months.

That makes me wrong about story reasoning, but I agree that it's stupid humans who quit their jobs to live with 100% of luck, even people who have real businesses are not necessarily profitable every day let alone a gambler.

[piebeyb]

There are many lessons that we can take as long as we play gambling directly or get experience from other people's failures so that we don't lose a lot of money from the experience we take and we see, judging from your story it seems your friend was too confident with the victory that he got, no one knows it could just be a coincidence and luck that will never come many times, he didn't take the opportunity to use his winning money to build a business so he could provide income for his life.

But sometimes that's gamblers when we win we always think there is still tomorrow to win it again, consistently is good but it doesn't have to be with a specific target even though winning is only $ 5 every day in my opinion there is no problem, sometimes it all depends on the humans themselves there are still many who have greedy nature when playing gambling especially when winning gambling.  

[goldkingcoiner]

I have said it so many times but there will always be people who think that they can outsmart mathematical probabilities and somehow make an easy living and a steady income stream from gambling.

What they fail to realize is that the more often you bet, the higher your chances of losing become. There is no way around it. So what is the point in trying to make gambling some sort of job?

Gambling is a fun activity and it can be enjoyable as long as you hold yourself in control and under self-discipline. But it should not be taken seriously like when people try to invent strategies to cheat the system somehow...

[madnessteat]

~snip~

The guy you told us about was too naive and arrogant, which is why his gambling experience was so bitter. The winnings clouded his mind and he showed you his true face. Do not do business with him, for such people cannot be loyal for long. If you want to help him, advise him to see a specialist and quit gambling for a while.  

[Mr.suevie]

~snip~

The guy you told us about was too naive and arrogant, which is why his gambling experience was so bitter. The winnings clouded his mind and he showed you his true face. Do not do business with him, for such people cannot be loyal for long. If you want to help him, advise him to see a specialist and quit gambling for a while.  

I don't think he can quite gambling so easily after experience such huge and massive  win, the best he can do for himself is to just lay low for some time and let his pride, greed and ego go because that's what actually caused his problem in the first place. Not everyone in the world today knows how to control money so many just let the money control them and its very bad because money amplifies someone character and its bring out the natural character of the person.

[Fivestar4everMVP]

Did I read something wrong or are these two different stories? In the first case, the path from success to failure took only 3 days, and in the extended version of the story, it took 2 months. Let's say I'm ready to believe that there are such stupid gamblers who quit their jobs after three days during which they win 2.5 thousand dollars, but it's hard for me to believe that someone is lucky for 2 months.

You didn't read anything wrong, it's just a simple misunderstanding, he won the said amount (once I know and saw with my eyes) in 3 days consecutively, or should I say respectively..

And in 2 months down the line, he went broke again, this is to say that he probably won some bet, lost some as well, won some, lost some, won again, then lost, just like they within that 2 months until he eventually lost everything.

Understood that it is possible for a man to become rich over night, but return back to poverty is a gradual process, where the person will start experiencing loses, loses and more loses within a certain period of time, until everything is gone, that is what happened in the story above.

[Hispo]

Your supposed friend's reaction to some luck at casinos is very toxic and one of the reasons some societies cannot advance as quickly.
He was supposed to recognize he just had luck and take that money to buy food, tools, land, gold, anything but wasting it in hookers and iphones. Who in their right mind buys an iphone to some woman who is with you because money specially when the source of income is so unstable?

The moment he quit his job and turned his friends away for easy women and gambling, I knew he had sealed his destiny.  
Hopefully he does not resort to crime/drugs for more money, though; that would make things to escalate ever faster.

You can hire all the magicians, gurus and shamans you want. The House and laws of probabilities are more powerful than spirits.

[uneng]

Well, for me it looks more an urban legend to impress the audience and potential gamblers instead of a real story, as stories of success from avid gamblers don't last too long like 2 months. Anyway, if it's really true, this guy had the chance to change his life with so much earnings from gambling, which allowed him to live wasting and lavishing without limits at hotels with pretty women plus having access to wealthy accessories and furniture. It was just a matter of how to use the earnings.

If he had been wise like the two boys from the first story things would have ended better for him and today he could tell everyone how gambling had a positive impact on his life.

[Aikidoka]

The first story of the father and his 2 kids is really wholesome and both of them shows how they're pretty wise even at a young age, especially the second kid, just being wise is really a good gift in life. It would let you take the good decisions and be patient and it comes with a lot of benefits..

Speaking about the other part of the story, of your "supposed friend". I'd say money can change people right? that's what happened, he's just too dumb to think that gambling could open their arms well for him. It's like a weapon with 2 sides and literally very risky and no one in the whole world can have 100% accurate predictions even if you visit thousands of witches to bring you luck. Only god knows the future not human being.

I'd assume life is really tough for him right now since he quitted his job and have no income resource after the few weeks that he spent in "fancy hotels" with girls and so on. That makes me remember an anime I have seen before called Kaiji which is kind of similar to what this guy did.

Anyway, I feel so bad for people who are addicted to gambling and I wish they'll quit this addiction one day, but at least gamble for fun, it's not a job tho, If gambling consider a job, it could be the riskiest job ever for losing your money.

[DaveF]

The best way that I ever heard it said was "look at those multi billion dollar casinos they put up all over the world, the people winning sure did not pay for them"

The odds always favor the house. That is the point. Otherwise there would be no house.

To me, and many others it's just a form of entertainment. That one simple fact should never be forgotten.


 I can go to the city and have a nice meal that costs a lot of money and then go to a show that also costs a lot of money. Say it comes to $500 for the night for 2 people including the train there and back. (New York) Some people will not think it's a bad way to spend money. Same way people will pay for tickets to a sporing event, or many other things.
At the same time, others will look at those exact same expenditures and think the person paying 'that much for that' is nuts. But, for the people who find whatever that activity is entertaining it's no big deal.

Gambling should be treated the same way. You don't go to a baseball game expecting to come out with more money then you went in with, nor do you go to a show and expect to come out with more then you went in with. Treat casinos the same way and you will be fine.

-Dave

[KTChampions]

Did I read something wrong or are these two different stories? In the first case, the path from success to failure took only 3 days, and in the extended version of the story, it took 2 months. Let's say I'm ready to believe that there are such stupid gamblers who quit their jobs after three days during which they win 2.5 thousand dollars, but it's hard for me to believe that someone is lucky for 2 months.

You didn't read anything wrong, it's just a simple misunderstanding, he won the said amount (once I know and saw with my eyes) in 3 days consecutively, or should I say respectively..

And in 2 months down the line, he went broke again, this is to say that he probably won some bet, lost some as well, won some, lost some, won again, then lost, just like they within that 2 months until he eventually lost everything.

Understood that it is possible for a man to become rich over night, but return back to poverty is a gradual process, where the person will start experiencing loses, loses and more loses within a certain period of time, until everything is gone, that is what happened in the story above.

Hmmm... Ok! So, if I understood everything correctly, the action took place in some not very rich country (definitely not in the USA) where 2.5 thousand dollars is a serious amount. I myself am from a poor country, but I can't think of finishing my job even if I win $10,000. In general, I understood the general meaning, now the story is similar to the real one.

[Zackgeno96]

People have their own views and reasons for gambling. I think we all know and understand that you can't make a cash profit stream from gambling, but how can you think rationally with gambling? That's not possible. When we start gambling we tell ourselves that we are going to win and if we lose once it is pure bad luck. Until you lose a few times in a row. In principle, there is no normal way to win money all the time, that does not exist. Or you should engage yourself in arib slow gambling, but sooner or later your account will be closed. Poker players do have the advantage of being able to win money consistently, but you have to look at the ROI over time and not expect to win money every day.

[Slow death]

well it is an undeniable fact that games of chance are not for making money, they are for losing money, the house always wins, the person thinks the opposite so that person is living on another planet, in the beginning when I started to make sports bets I I was right, I was wrong a lot, then I started to be right a lot, but the problem is that I saw winning little money and with low odds it was a waste of my time, so I thought about increasing the money I bet and I started betting on games with higher odds and making multibet bets, at first I got it right and I started to convince myself that I could even make consistent profits, but I was kidding myself

the losing cycle started, I started to get really irritated because my bankroll was going down and down, so I went back to watching the videos of high rollers, but paying more attention to them I started asking myself again: why the hell are smart people who are professional bettors they don't show proof that they made a bet on game X and they never say when they played and how much loss and profit they had, and they kept creating youtube channels and selling books, so at that moment the obvious came to my mind, looking at gambling is the only good thing path. there is nothing profitable in gambling

[Dr.Bitcoin_Strange]

For most of us in my area here, it was like he did a charm,
some even spread some rumor that the guy meet a witch doctor who prepared a luck charm for him, which is what gave him the confidence of quiting his job - to me, this remains a rumor, since there is no way to verify if this is true of false.

Wha..t! So In this 21st century, people are still believing this?

In my presence, someone has won $10,000; that was the highest win that has happened to a gambler which I witnessed. The OP's winning is even less than what I hear about some people's winning; some people don't win at a straight, but if they manage to win, it usually becomes massive 🎉👏. So, it's not charm.


I know how these kinds of stories usually end. karma is what happens to people who act irresponsibly. Although in his case he was very lucky to make those straight wins, unfortunately he did not make good financial management of the funds. Well, they say, "When someone has spent time, energy, and passed through stress to make money, they will spend it wisely." So, in the OP's case, he did not struggle to make that money; rather, by just making his prediction and staking, he won. He just decided to spend it lavishly because he probably has not enjoyed money before.(what can I say 🙄).

Honestly, his mistake is not what anyone must do; that's absolutely unwise behavior. No matter how easy you make your money, it doesn't call for lavish spending. If one cannot sustain money, then money cannot sustain the person. I read a book that says and I quote below.

Money is plentiful for those who understand
 the simple laws which govern its acquisition.

The above quote is what I conclude with.

[acroman08]

But the sad thing about the whole thing was that, he's attitude changes, those are big amount when converted to my country's local currency, but not big enough to warrant his Change of attitude..
He started spending anyhow, sleeping in different hotels with different women - before this, he already quit his job, he bought himself an iPhone and also bought an iPhone for one hoe that was following him up and down as a girlfriend - he left our neighborhood and moved to a better place and a bigger apartment, he become arrogant and left some of his friends in times of want behind, he did all he did probably with a mindset that the winnings will keep coming, some even spread some rumor that the guy meet a witch doctor who prepared a luck charm for him, which is what gave him the confidence of quiting his job - to me, this remains a rumor, since there is no way to verify if this is true of false.

pretty sure after that consecutive wins, he probably thought he could become one of those people that became a professional gambler. quite sad that there are gamblers that get delusional after winning a sizable amount of money consecutively. gamblers should realize that the people they see making a living through gambling are an extremely small percentage of the people who gamble and try to earn money through gambling.

[DoublerHunter]

He started spending anyhow, sleeping in different hotels with different women - before this, he already quit his job, he bought himself an iPhone and also bought an iPhone for one hoe that was following him up and down as a girlfriend - he left our neighborhood and moved to a better place and a bigger apartment, he become arrogant and left some of his friends in times of want behind, he did all he did probably with a mindset that the winnings will keep coming, some even spread some rumor that the guy meet a witch doctor who prepared a luck charm for him, which is what gave him the confidence of quiting his job - to me, this remains a rumor, since there is no way to verify if this is true of false.

^With this attitude? As I can say, good for him. lol.
In the first place, I don't believe in witch doctors or even what black magic is, we are in a modern era and I don't think they still exist.
He made a stupid decision and nothing at all, greed and a naive attitude were on his head that lead to his path to becoming a beggar on the street which I believe was a punishment by God which I believe than the witch doctors.
However, the first story was good and nice thank you for sharing here.

[Rruchi man]

he did all he did probably with a mindset that the winnings will keep coming, some even spread some rumor that the guy meet a witch doctor who prepared a luck charm for him, which is what gave him the confidence of quiting his job - to me, this remains a rumor, since there is no way to verify if this is true of false.

I do not think that charms and any fetish thing from any witch doctor will be effective in determining the outcome of sports. If it did, many person's would have already refuted to it to ensure that their winning is constant. Any witc doctor who claims to be able to give gamblers a sure bet is simply a fraud.

Gambling is not a business, and neither should you ever take it as a day job,

Gambling is not a business if you gamble, but gambling can be a business to you if you own a place where people come to gamble. If you are just a mere gambler and want to turn gambling to a main source of income for you, a business, If you cannot open a gambling house where other gamblers can come to gamble and then you make money from them, then there is no other way for you especially not to make money and depend on just gambling alone, you will learn the very hard way.

[Finestream]

Not that the guy is even rich yet, not that he built a mansion or a company for business. He rented an apartment and bought two iPhones and thought the earning will be consistent.

but this is a lesson for us all to learn from.

He left his job just because of gambling. That is stupidity. There is nothing I can learn about this but to see it as stupidity.

Although you are very correct, gambling should not be seen as a business. People that see it as business and a way to make income will always end like this.

Gambling is never designed to become a job that gives consistent income, but purely for entertainment purposes only. If you have given chances to become more profitable on it, that is not because gambling is capable to give you sustainable income, but because you were just lucky every time you decide to gamble. But if those luck had totally gone, then you will never be as profitable as before. And you will more likely to experience losses than profits, if that starts to happen, it’s better to just leave gambling and call it a day.

[milewilda]

Long story short, 2 months after the whole winning spree, this guy lost everything back to casinos where he gambled on, he made gambling his day job, probably increased his bets so as to win more,  but as of today, this guy is joblessly roaming the streets, depend solely on friends to feed, as of yesterday when I overheard him discussing with some one I am also close to, he was asking to help him look for a Job, that what he planned didn't work out - what ever he planned that didn't work out, I don't know, but this is a lesson for us all to learn from.

Gambling is not a business, and neither should you ever take it as a day job, in reference to this thread - it is likely impossible to make a consistent winning from gambling, there are day you win, even much more than $100, and there are days you will lose it all, to make a consistent $100 or more every day in gambling is a mirage, wishful thinking that might never happen.

Feel free to chip in your contribution.

When you do have this kind of approach on which you do make gambling as a business or some sort of source of income then sooner or later you would really be fucked up hard and if you do gamble out all of things like your day job and everything you do have then you would really be definitely be sleeping into the streets and would really be putting up your face into the ground and asking for some help.Its never been ideal
on making yourself that reliant into gambling profits because we know that there are really indeed days which we could really say that we are really that lucky.It might last up for how many days,weeks or months
but it wont really be forever.

On the time that you are already that experiencing some losses then this is where hell would be starting.You would really be chasing up losses and this is the time you would really be getting desperate
until you are already making use or consuming your previous wins into coping up on what you had lost. We should always put up into our minds that whatever winnings we do have
there's always a chance that it would be taken back by the casino. You cant really be winning on everyday and those chants or magical or superstitious things arent
really that effect and never will be.

[TimeTeller]

Not that the guy is even rich yet, not that he built a mansion or a company for business. He rented an apartment and bought two iPhones and thought the earning will be consistent.

but this is a lesson for us all to learn from.

He left his job just because of gambling. That is stupidity. There is nothing I can learn about this but to see it as stupidity.

Although you are very correct, gambling should not be seen as a business. People that see it as business and a way to make income will always end like this.

Gambling is never designed to become a job that gives consistent income, but purely for entertainment purposes only. If you have given chances to become more profitable on it, that is not because gambling is capable to give you sustainable income, but because you were just lucky every time you decide to gamble. But if those luck had totally gone, then you will never be as profitable as before. And you will more likely to experience losses than profits, if that starts to happen, it’s better to just leave gambling and call it a day.

We all know, it is easy to say such action. However, when someone is already deep on his game, he would have hard time leaving it.
But it is always good to re-assess your situation from time to time so you know where you are standing up.
It may help you evaluate your current situation and maybe, still have the logic to change your path before it is too late.
When people are too deep already, they are not thinking clearly anymore as they have other goals in mind already.
So before such challenging time comes, better alter your activities so you won't regret what might possibly happen to your life.

[Sandra_hakeem]

Anything that coins gambling is a "give and take process"....
No one should be expecting to make a living outta some lucky-day douceur...AFAIK, no one keeps record of how much that's being wagered on the wrong games that ends up not producing anything...
As long the casino operates on a balanced scale- or say- a scale where they can eventually derive 65% interest of 100% and 35% loss, then it's impossible for a single Gambler to win everyday consecutively. It's either he'll keep loosing the more tries to win, or he'll have to STOPLOSS.

Sandra 🧑‍🦰

[Johnyz]

~snip~

The guy you told us about was too naive and arrogant, which is why his gambling experience was so bitter. The winnings clouded his mind and he showed you his true face. Do not do business with him, for such people cannot be loyal for long. If you want to help him, advise him to see a specialist and quit gambling for a while.  

Exactly, its not easy to be partnered with a greedy person and even if you know that guy you can’t still trust him that much. There might be a good winnings to attract someone but you also need to remember that this is gambling, anything can happen and losing is inevitable. Better to gamble on your own, and if you want to help that guy out of that addiction, you still need a help from a professional.

[Mate2237]

How can someone thinking of winning every time or day. It is not even possible. The matter how you are lucky, consistent winning is not possible. How can some even visit the gambling station every day? I'd it that gambling is his work? And he is not doing another thing for survival. There are some sportbook markers that will not allow a gambler to bet games a again if he wins every time in the station. Even though they are not the ones to pay the gambler win his records are from that center so the company will suspect the center. And possibly stop the center for a while to monitor the account.

[_act_]

Gambling is never designed to become a job that gives consistent income, but purely for entertainment purposes only. If you have given chances to become more profitable on it, that is not because gambling is capable to give you sustainable income, but because you were just lucky every time you decide to gamble. But if those luck had totally gone, then you will never be as profitable as before. And you will more likely to experience losses than profits, if that starts to happen, it’s better to just leave gambling and call it a day.

And do you know what? Nobody will ever be consistent to win, even if you do not gamble frequently, their are some days that are just bad. What I think about the guy is that he won suddenly and he thought that gambling is easy and he will make more money, he will even increase the money he was using to stake after those massive profit. Instead to do something good with the money, something like business, he just continue to gamble and left himself a regret. He do not know he can not continue to win as he sees gambling as a way to get income. He can not beat the house, the house would win.

[carlfebz2]

How can someone thinking of winning every time or day. It is not even possible. The matter how you are lucky, consistent winning is not possible. How can some even visit the gambling station every day? I'd it that gambling is his work? And he is not doing another thing for survival. There are some sportbook markers that will not allow a gambler to bet games a again if he wins every time in the station. Even though they are not the ones to pay the gambler win his records are from that center so the company will suspect the center. And possibly stop the center for a while to monitor the account.

This had come into my mind too on which basing up on whats been mentioned on OP telling about "Long story short, 2 months after the whole winning spree, " then it is something that unbelievable. You cant really be having that winning state on a 2 month period unless if those are involved with some losses but on day to day basis turns out to be profitable on a casino? It does really sounds unrealistic.
I dont know if this one is really that true or just simply making some story that do only happen on movies.  
It would really be that suicidal on quitting up your job just because you do made out some winnings on a gambling casino on which you would be having thoughts that you might be able to sustain it like forever.
It is really that a huge mistake if you've been thinking up this way, you would really be fucking up yourself later on when the situation turns upside down and it really did. This is usually the most common result
or outcome if you are really that forcing that gambling is something you could make a living.

[Yatsan]

A reminder for everyone who hopes to be rich from gambling. But to assume where this expectation comes from, probably because of news or instances that some gamblers won big time. Indeed there are some people who got rich because of this activity but keep in mind that there's more who became broke because of gambling; some were left in huge debt, some sold house and other properties. And this should be an enough warning to those who are still having the same mindset. Also, there are people who wishes to rely daily expenses in gambling which is also not advisable. What if you happened to lose for a certain day, what will you do? It would always be better to just make this industry a leisure and without dependency.

[qwertyup23]

~snip~

The guy you told us about was too naive and arrogant, which is why his gambling experience was so bitter. The winnings clouded his mind and he showed you his true face. Do not do business with him, for such people cannot be loyal for long. If you want to help him, advise him to see a specialist and quit gambling for a while.  

Exactly, its not easy to be partnered with a greedy person and even if you know that guy you can’t still trust him that much. There might be a good winnings to attract someone but you also need to remember that this is gambling, anything can happen and losing is inevitable. Better to gamble on your own, and if you want to help that guy out of that addiction, you still need a help from a professional.

Not just any greedy person but it is definitely a red flag if a person gambles too much to the point of losing their whole purpose and goal in mind.

I mean, I do understand that gambling is not an illegal activity per se, but if it clouds your judgement to the point that you prioritize it above anything else, then it should at least give you an idea about its potential danger. Personally speaking, I dealt with someone who frequently gambles in our family and let me tell you- they will always ask for loans, etc. to the point that they try to reason everything for the sake of having cash to gamble.

I just hope that this kind of thread creates a wake-up call to everyone who struggles limiting their gambling activity. Sure, gambling is fun especially when you experience that adrenaline but be careful not to exceed your limits.

[lionheart78]

Gambling is not a business, and neither should you ever take it as a day job, in reference to this thread - it is likely impossible to make a consistent winning from gambling, there are day you win, even much more than $100, and there are days you will lose it all, to make a consistent $100 or more every day in gambling is a mirage, wishful thinking that might never happen.

Feel free to chip in your contribution.

Gambling is a business where the owner wanted to profit from the users or players. There are always two sides to the story, the owner can claim success while the player losses.  I do not think it is right not to think gambling can be a job, a job means being a staff of a gambling casino and not as a player.

Players should be wary that every day is not a sunny day especially when we are playing against a house that wanted to profit from our losses.  I do agree with you that we, as a player, should not think that gambling can be a regular source of income.  There may be times we can win big but most of the time we will be losing.  I believe every gambler here in the forum can attest to that.  So while we are still in control, better to moderate our gambling activity, do not take gambling as a substitute for our daily jobs because it is highly possible that we can end up badly if we do.

[romero121]

We used to come across different gamblers winning jackpots. Looking at that we feel ourselves having similar luck and winning big money. When this changes automatically everything will be in control. Till we understand real gambling it used to be hard for us to accept loss. Once a gambler have understood, then he/she will analyse well and spend. Probably the gamblers who spend much on sports betting doesn't experience much loss compared to the gamblers spending much on casinos games.

[Rigon]

OP I read your entire story and understood from there that pride is the root of man's downfall. The man you quoted had accumulated so much pride that his destruction was inevitable. He didn't realize that the gambling section was a completely luck based platform. Every person should remember that no matter how big or small work one earns from any means one should never be proud of that income. Whenever you go to a good position and get arrogant with people, your wealth will definitely decline. But I don't have much trouble with the person destruction you quote. Many people have been purified there following him.

I would like to say from my personal side that none of you should ever be arrogant. No matter how much money you have, you will always treat people well. God gave you money to understand your mind. First of all you should love people and follow the words of the Creator. Only then will you see that you are living a very beautiful life.

[harizen]

We can't really take away that mindset from those who already win big from gambling. These people think that the winning experience they got from gambling will be repeated always. That feeling when they won big, something they always want to experience again - that's the start of the trap.

I even experience that personally and for others here as well I'm sure of it. Since we won big, we want that to happen again and the result, is several attempts to experience that again. Unfortunately, the result isn't the same and because of that, more attempts will be made until experiencing that winning big amount again.

It's the same when Bitcoin is on a very bullish trend and every newbie thinks they are smart as they made profits in just a short term. They think earning money in Bitcoin is easy as 1,2,3 and their confidence takes them to a higher level. And when bear trends come, the entire of them just vanished without a trace.

[Strongkored]

Feel free to chip in your contribution.

This person must have won a larger amount than what you mentioned, because in my opinion it is impossible if he only won the money with the amount you mentioned but being able to buy 2 iPhones, I really don't know the price for sure but I'm sure the prices won't vary much in every country though the person lives in a poor country, the money has definitely been used up to buy 2 iPhones and that has not been used to pay for hotels and all other activities that require money.

This story is almost the same as the story of gamblers who won huge prizes but their lifestyle made them poor again, even the money they won was able to make them live in peace until old age.
Money that is easily obtained will also be very easy to lose because the mentality of those who receive it is not ready for this money.
So there is not enough money to guarantee life, but the important thing is to maintain a lifestyle so that the money you get will be very useful

[alegotardo]

Long story short, 2 months after the whole winning spree, this guy lost everything back to casinos where he gambled on, he made gambling his day job, probably increased his bets so as to win more,  but as of today, this guy is joblessly roaming the streets, depend solely on friends to feed, as of yesterday when I overheard him discussing with some one I am also close to, he was asking to help him look for a Job, that what he planned didn't work out - what ever he planned that didn't work out, I don't know, but this is a lesson for us all to learn from.

The problem is that we easily get used to good things... if we win in one day, we will bet again hoping to win in the second, if this is repeated one, two, three times then we believe that we are invincible and that feeds an unreal hope that anything is possible.

I would say that winning many times is worse than losing many times, exactly because it gives this perspective that it is possible to live only from games of chance.
However, however great our earnings, we should never entrust our lives to gambling.

Thank you for your report, sometimes we need to read stories like this to remind ourselves that gambling needs to be just a hobby and addiction to it is our biggest downfall.

[ethereumhunter]

I agree never expect consistent wins from gambling because gambling is not a place to make money. If one can get a big winning streak, it won't last forever because, after that winning streak, there will be a losing streak to come. If someone can be wise after getting a big winning streak, he should use his money well, especially if he can set up a business that can give him more definite profits than gambling.

From that story, I also agree with the second child who said it is better to learn from other people's experiences so that we don't have to make mistakes and can know or prevent them before we make mistakes. But we must be able to learn from experience, be it our experience or that of others, so we won't make mistakes either.

[davis196]

meet a witch doctor who prepared a luck charm for him, which is what gave him the confidence of quiting his job

This is so dumb and delusional that I don't believe it. I do believe the other parts of the story, about spending money for hoes and random shit.
Arrogance is the path to failure. I know that after winning a bunch of games, a player gets the false sense of "being good at gambling".
This is a delusion. He isn't good at gambling, he's just lucky. Luck comes and goes. I know that some gambling games like poker require skills besides luck, but even the greatest poker players can't win all the time. I really hope that your friend realizes the huge mistakes he makes in his life and tries to follow the path of self-improvement.

[swogerino]

That is something very well known.I can relate very well to this story.Whenever I win in gambling I think that the same thing will happen again and again but this is just an illusion and is exactly this illusion who keeps us coming back because in our mind we don't remember losing bets only winning ones.I used to keep buying the bonus in slot machines and I keep doing this until my balance ends or until I hit it big.Sometimes I have hit x5000 my bet and that feeling is something really unique and great and is the only thing that keeps me coming back.Unfortunately I do not learn from mistakes when losing money as that x5000 win keeps me coming back and that is a common illness between the majority of gamblers.

[len01]

1. someone who rarely or almost never holds large amounts of money will surely turn out to be arrogant, it is normal in the natural instincts for every human being.
2. only a fool would consider gambling as the main reason for a steady income.
3. in simple terms, gambling is a place to have fun, not a place to multiply money.

to be honest there are too many people i met in my city like your friends. but nevertheless it is their right to decide how to behave towards gambling and the big wins he gets. the most important thing is to make that bad experience a lesson for us not to follow like your friends.
but sometimes all of that changes when the situation reverses, like gamblers get money instantly which can turn a good character into a bad one.
what I know is that money that can be earned quickly will also run out quickly.

[Plaguedeath]

Gambling was never been a way of making consistent money and still never until now.

Speaking about the other part of the story, of your "supposed friend". I'd say money can change people right? that's what happened, he's just too dumb to think that gambling could open their arms well for him.

Money doesn't change @OP's friend, but @OP's friend already has such behavior from the beginning, the difference is when the @OP's friend is lack of money, he can't fulfill all his want. Now he have a lot money to fulfill anything he want, that's why he can do that. That's why in order to know the real personality of someone, let him have a lot money, power and drag him in difficult situation.

[Reatim]

Winning in 3 consecutive days without losing ? well this is something we can call a very lucky man and for me that is more than enough to believe he needs to stop.
though the winning per day cannot be called as that big yet he managed to beat the site for that days.

I also have a chance to beat the  site once winning thousand dollars , at least 5k usd that time , but know what? my greedy mind let me lose everything that day so i have no second day of winning.

the main lesson here? that if you doubled your capital? better to leave the table and when you return next day? make sure that your winning from the previous day will be the only amount to spend so you will not lose anything that just your time.

[piebeyb]

Winning in 3 consecutive days without losing ? well this is something we can call a very lucky man and for me that is more than enough to believe he needs to stop.
though the winning per day cannot be called as that big yet he managed to beat the site for that days.

I also have a chance to beat the  site once winning thousand dollars , at least 5k usd that time , but know what? my greedy mind let me lose everything that day so i have no second day of winning.

the main lesson here? that if you doubled your capital? better to leave the table and when you return next day? make sure that your winning from the previous day will be the only amount to spend so you will not lose anything that just your time.

I personally or maybe you are just giving advice to people not to be greedy when you feel like you have beaten the gambling machine and feel you have won enough to stop, but in fact it is difficult to get rid of our greedy nature as gamblers even I am still sometimes selfish and greedy when I win, so giving advice to other people as well as giving advice to ourselves, most who like that gamble don't know the time even if they win they will continue to double the next bet and eventually lose and lose a lot of money.

It is difficult to leave the table or gambling machine when we have really won a lot, because it may not be consistent so it is difficult to stop the game because the feeling of dissatisfaction sometimes makes us still have a greedy nature to want to win even more, it's strange that if gambling is for the purpose of seeking pleasure we will be consistent stop when we really feel happy, unlike gambling with the aim of making money we will never know when to stop even though we win. in the end our money will run out too

[Pierre 2]

I think this is very great example. One of those examples that I can safely share with friends. In my opinion money should always be spent wisely. You may beone rich person or you may be luckiest man alive making millions through gambling, it doesn't even matter. Your aim must be to keep income flow so your spendings will never surpass your income. Skilled people can make a lot of money through gambling, its undeniable reality. But gambling is not equal of day job or investment. Consistent winning in gambling doesn't exist. Consistent winners on social media are generally rich people that can afford to lose many times.

[Kakmakr]

I do not want to sound mean, but your friend sounds like a fool. It has been proven over and over again that gambling are not profitable in the long-run. Yes, some people are lucky to win something BIG in the early days, but most of them continue playing and then they lose everything.

This is why they say, "The house always wins" .... people win and continue playing and the RTP kick in and the house takes it back. I do not want to sound like a conspiracy theorist, but I think some casinos have methods to provide you with a good "seed" in the early days... and once they reeled you into gambling, they then swap that seed for a seed that makes you lose more often. 

[Solosanz]

Your friend are really stupid to think winning three days in a row will make him to always make money through gambling. Even someone have making money 30 days in a row, I still will not say gambling can become their main source, maybe after 1-2 years if your friend keep making money through gambling, he can resign from his job.

But it's okay for your friend to learn from this mistake, at least he didn't ask a loan and that might make him want to commit suicide.

[demonica]

As what they've said, the money you get easily also run out easily... That's the common mistake gamblers do when they experienced winning. When they win, they spend a lot on luxury and continue gambling thinking they'll win again. Your friend is lucky to win three consecutive days but he forgot about that it isn't always like that. He could've used the money he won on better things. It could've helped him change his life for the better but since he used his winnings on unnecessary things just to satisfy himself, he forgot about the important things. Instead of having a better life, it becomes worse.
Also another mistake he did was to quit his job just to continue gambling. Even with all the amount of winnings he have for those 3 days, it wouldn't be enough for his daily living until he dies without any other source of money. He may be lucky but he didn't use his luck smartly.

[Die_empty]

Gambling is not a business, and neither should you ever take it as a day job, in reference to this thread - it is likely impossible to make a consistent winning from gambling, there are day you win, even much more than $100, and there are days you will lose it all, to make a consistent $100 or more every day in gambling is a mirage, wishful thinking that might never happen.

Feel free to chip in your contribution.

Making gambling a full-time job is moving consciously toward the pathway of poverty and frustration. There are no guarantees that you will win constantly, so one cannot depend on it for survival. I have never seen any full-time gambler that is financially stable because they are not sure of their income. It is better to take a low-paying job than to depend on income from gambling.

The experience of your friend is because of his level of understanding. Before he won the bets, he aspires to live a life of luxury. He was just exhibiting his thoughts and aspiration. If he was investment minded, he would have invested his win in a profitable business. He needs to get another job, apologies to his friends and learn to be humble. He has not failed, he just went through a phase that has taught him some good lessons. I hope he has learned some good lessons.

[KTChampions]

How can someone thinking of winning every time or day. It is not even possible. The matter how you are lucky, consistent winning is not possible. How can some even visit the gambling station every day? I'd it that gambling is his work? And he is not doing another thing for survival. There are some sportbook markers that will not allow a gambler to bet games a again if he wins every time in the station. Even though they are not the ones to pay the gambler win his records are from that center so the company will suspect the center. And possibly stop the center for a while to monitor the account.

For novice casino players, this is a common occurrence. They either "invent" Martingale or "reliable" bets on low odds (<1.1) which allows them to make relatively stable profits over time. The problem is that when they are already almost sure that they have found a gold vein, a big loss happens (with such strategies, this is inevitable). But instead of realizing that they were wrong, they call this big loss an accident and repeat everything again.

[Cling18]

Gambling is not a business, and neither should you ever take it as a day job, in reference to this thread - it is likely impossible to make a consistent winning from gambling, there are the day you win, even much more than $100, and there are days you will lose it all, to make a consistent $100 or more every day in gambling is a mirage, wishful thinking that might never happen.

Feel free to chip in your contribution.

Making gambling a full-time job is moving consciously toward the pathway of poverty and frustration. There are no guarantees that you will win constantly, so one cannot depend on it for survival. I have never seen any full-time gambler that is financially stable because they are not sure of their income. It is better to take a low-paying job than to depend on income from gambling.

The experience of your friend is because of his level of understanding. Before he won the bets, he aspires to live a life of luxury. He was just exhibiting his thoughts and aspiration. If he was investment minded, he would have invested his win in a profitable business. He needs to get another job, apologies to his friends and learn to be humble. He has not failed, he just went through a phase that has taught him some good lessons. I hope he has learned some good lessons.

Money can change people's mindsets and attitudes, especially in gambling. That friend of yours have thought that he can always get lucky in gambling and relied on it to the extent of leaving his full time job. He didn't value the money that he got from his gambling winnings because it isn't really his hard-earned money.
Truly, regrets and lessons come last because when we are experiencing comfort, we enjoy and disregard our future needs which is a wrong attitude. Leaving a job for gambling will never be a wise decision. We can't always rely on gambling or even expect continuous winnings. We all want to win and be lucky but we should see it the right way or as much as possible, consider gambling as a source of entertainment.

[madnessteat]

As what they've said, the money you get easily also run out easily... That's the common mistake gamblers do when they experienced winning. When they win, they spend a lot on luxury and continue gambling thinking they'll win again. Your friend is lucky to win three consecutive days but he forgot about that it isn't always like that. He could've used the money he won on better things. It could've helped him change his life for the better but since he used his winnings on unnecessary things just to satisfy himself, he forgot about the important things. Instead of having a better life, it becomes worse.
Also another mistake he did was to quit his job just to continue gambling. Even with all the amount of winnings he have for those 3 days, it wouldn't be enough for his daily living until he dies without any other source of money. He may be lucky but he didn't use his luck smartly.

I think that in fact the guy in question is just still young enough and does not know how to manage money competently, so everything turned out that way. Such a person can be given a million dollars and in a year he will be left with nothing. In fact, $2000 is not that much money. There have been cases that I've lost more in a casino in one day, so there's no point in this guy getting upset about it, but he needs to find a job anyway.

[Jody.Drummer]

Gambling is not a business, and neither should you ever take it as a day job, in reference to this thread - it is likely impossible to make a consistent winning from gambling, there are the day you win, even much more than $100, and there are days you will lose it all, to make a consistent $100 or more every day in gambling is a mirage, wishful thinking that might never happen.

Feel free to chip in your contribution.

Making gambling a full-time job is moving consciously toward the pathway of poverty and frustration. There are no guarantees that you will win constantly, so one cannot depend on it for survival. I have never seen any full-time gambler that is financially stable because they are not sure of their income. It is better to take a low-paying job than to depend on income from gambling.

The experience of your friend is because of his level of understanding. Before he won the bets, he aspires to live a life of luxury. He was just exhibiting his thoughts and aspiration. If he was investment minded, he would have invested his win in a profitable business. He needs to get another job, apologies to his friends and learn to be humble. He has not failed, he just went through a phase that has taught him some good lessons. I hope he has learned some good lessons.

Money can change people's mindsets and attitudes, especially in gambling. That friend of yours have thought that he can always get lucky in gambling and relied on it to the extent of leaving his full time job. He didn't value the money that he got from his gambling winnings because it isn't really his hard-earned money.
Truly, regrets and lessons come last because when we are experiencing comfort, we enjoy and disregard our future needs which is a wrong attitude. Leaving a job for gambling will never be a wise decision. We can't always rely on gambling or even expect continuous winnings. We all want to win and be lucky but we should see it the right way or as much as possible, consider gambling as a source of entertainment.

I still feel this is more about the ego and it is quite natural when someone is controlled by the ego, then something like this must happen because they already consider themselves capable, even though in this condition it is the same as an angler who is waiting for his bait to be eaten and OP's friend who is a gambler can be likened to the fish.

But on the other hand, this is the character of someone who is indeed difficult to change if indeed they do not have strong self-control inside and when something like what has happened to a friend that OP told me about, regret will not change anything.

[coin-investor]

Gambling is not a business, and neither should you ever take it as a day job, in reference to this thread - it is likely impossible to make a consistent winning from gambling, there are day you win, even much more than $100, and there are days you will lose it all, to make a consistent $100 or more every day in gambling is a mirage, wishful thinking that might never happen.

Feel free to chip in your contribution.

Honestly, it's very tempting to think that way I used to have that in the early stage of my gambling session,  winning consecutively and having a winning run you'll think that you find a method for consistent winning and you go on like this until you are busted.

Many newbies are like that 3 to 5 winning sessions will make any newbies thinks they have a lucky charm and when they are losing they think that the charm will give back their winnings, so they chase their losses.
They held on to their belief that quitters never win.

[Mahanton]

Gambling is not a business, and neither should you ever take it as a day job, in reference to this thread - it is likely impossible to make a consistent winning from gambling, there are day you win, even much more than $100, and there are days you will lose it all, to make a consistent $100 or more every day in gambling is a mirage, wishful thinking that might never happen.

Feel free to chip in your contribution.

Honestly, it's very tempting to think that way I used to have that in the early stage of my gambling session,  winning consecutively and having a winning run you'll think that you find a method for consistent winning and you go on like this until you are busted.

Many newbies are like that 3 to 5 winning sessions will make any newbies thinks they have a lucky charm and when they are losing they think that the charm will give back their winnings, so they chase their losses.
They held on to their belief that quitters never win.

Very common for new gamblers or to those who are just recently dealing up with gambling on which they do really believe that they could really get rich because of it just because they have able to win up some few games and ending up on being profitable which we know that this isnt how the reality works. There's no way for us to retain that luck factor which is something that we cant really be able maintain until we do lost it all.
You would really be having that kind of impression on which you do believe that you do have all the luck on this world without even trying to look on whats the real deal on gambling. Consistent winning on gambling cant really be that impossible, if you do been able to experience some winnings streaks then it would be wise if you do keep em and save it up for other purpose. Dont chase up for further more winnings
because once the table would turn upside down then it would really be giving off the different outcome which you arent been expecting for it to happen and this is where disappointments do start
which would mold up next that desperation which it is something that we do need to avoid.

[SirLancelot]

Did I read something wrong or are these two different stories? In the first case, the path from success to failure took only 3 days, and in the extended version of the story, it took 2 months. Let's say I'm ready to believe that there are such stupid gamblers who quit their jobs after three days during which they win 2.5 thousand dollars, but it's hard for me to believe that someone is lucky for 2 months.

In a third-world country, that much money can be a good enough amount for you to live a luxurious life for about 2 to 3 months, and as OP mentioned, the money that he had won was big when converted to their local currency and that is probably the reason why he was able to do all that and still have some money left that he lost later.

He definitely didn't deserve that money and that is the reason why he couldn't sustain the success he was getting through gambling, we all know that gambling is not a way to earn money constantly, and if one is earning some, one should use it well and shouldn't start thinking that they will keep earning like that.

[ralle14]

I'm surprised that he lasted for more than a month while spending that much because I can't imagine how he managed the days when it wasn't profitable for him. He's also lucky that his friend is willing to give a helping hand when he's in a tight situation. I used to view gambling in a similar way back then but good thing i'm already past that point and now it's more like a group activity for me where I don't have to focus on winning and simply enjoy it regularly together with other fellow gamblers.

[tusandii]

I'm surprised that he lasted for more than a month while spending that much because I can't imagine how he managed the days when it wasn't profitable for him. He's also lucky that his friend is willing to give a helping hand when he's in a tight situation. I used to view gambling in a similar way back then but good thing i'm already past that point and now it's more like a group activity for me where I don't have to focus on winning and simply enjoy it regularly together with other fellow gamblers.

Even worse, he can become a gambling addict because of a hope of getting consistent wins, which is his goal if things like this are continuously done.
On the bright side, he can stop and limit himself more in each betting session so that what he has lost in a month is not sustainable and gets worse. It's true what you said he is very lucky because he still has friends who want to reach out to help him through difficult situations that occur because gambling.
I'm sure every gambler here must have experienced it in the past and having an experience like that can give every gambler a valuable lesson for the future.

[jostorres]

I do not want to sound mean, but your friend sounds like a fool. It has been proven over and over again that gambling are not profitable in the long-run. Yes, some people are lucky to win something BIG in the early days, but most of them continue playing and then they lose everything.

This is why they say, "The house always wins" .... people win and continue playing and the RTP kick in and the house takes it back. I do not want to sound like a conspiracy theorist, but I think some casinos have methods to provide you with a good "seed" in the early days... and once they reeled you into gambling, they then swap that seed for a seed that makes you lose more often. 

He is definitely a fool since he left his job only because he was lucky for a few days in gambling which rarely happens but he took it too seriously and started thinking that this has changed his life and now he can live a luxurious life away from everything that he had previously along with friends and family who have always been there for him.

Now when he is roaming around jobless searching for jobs and asking people for help, he must realize what he has done to his life only because he became arrogant and ignorant when he had some money in hand.

[FanEagle]

This is true for trading as well, and gambling too. There are too many people who make an income, anyway possible, could be work, could be trading, could be investing, could be bots, could be gambling, could be anything, basically making income. And those people who start and make income for awhile, think that it will continue the same way for a long time as well, which is just not true, it is not going to be like that at all.

We should realize that it is going to cause a bunch of trouble and we should not be doing anything like that, we should avoid that if possible. Just because you made income for a while, doesn't mean that you will continue to make an income, it will cause a lot of trouble and eventually you will lose money as well, no point in that.

[demonica]

As what they've said, the money you get easily also run out easily... That's the common mistake gamblers do when they experienced winning. When they win, they spend a lot on luxury and continue gambling thinking they'll win again. Your friend is lucky to win three consecutive days but he forgot about that it isn't always like that. He could've used the money he won on better things. It could've helped him change his life for the better but since he used his winnings on unnecessary things just to satisfy himself, he forgot about the important things. Instead of having a better life, it becomes worse.
Also another mistake he did was to quit his job just to continue gambling. Even with all the amount of winnings he have for those 3 days, it wouldn't be enough for his daily living until he dies without any other source of money. He may be lucky but he didn't use his luck smartly.

I think that in fact the guy in question is just still young enough and does not know how to manage money competently, so everything turned out that way. Such a person can be given a million dollars and in a year he will be left with nothing. In fact, $2000 is not that much money. There have been cases that I've lost more in a casino in one day, so there's no point in this guy getting upset about it, but he needs to find a job anyway.

It's possible that he's still young and didn't realized the decisions he made before but this kind of story happens even for older people. It's not really about the age. It's how the gambling ate them up and when they experienced winning, they'll start to think that they can easily win again whenever they want.

[iv4n]

...
Feel free to chip in your contribution.

Your acquaintance got a little carried away, he is neither the first nor the last. Sad story, in the end, he hit the bottom and it seems that it's difficult for him to stand up again.

It's why "gambling just with the money you can afford to lose" should be repeated often, it's easy for anyone to get carried away after a nice streak of wins... but it's gambling in the end, we can make a profit, but we can lose a lot more than we have if we are not careful and we let the desire for winning big to blind us.

And I agree, it's better to learn from other people's mistakes, but nobody is perfect and we all make mistakes... but if someone is "reasonable and normal" will not make a huge mistake just like that. This brings us to another smart saying "Think before you jump in", that can save us from many troubles.

[len01]

He is definitely a fool since he left his job only because he was lucky for a few days in gambling which rarely happens but he took it too seriously and started thinking that this has changed his life and now he can live a luxurious life away from everything that he had previously along with friends and family who have always been there for him.

Now when he is roaming around jobless searching for jobs and asking people for help, he must realize what he has done to his life only because he became arrogant and ignorant when he had some money in hand.

money can change a person's character for the worse, especially if he is a gambling addict. for gambling addicts getting a big win will make him stupid to leave work for gambling.
but i think that he is not a gambling addict but a rookie gambler who got lucky to get a winning streak and took the win seriously and thought if gambling could be a daily income and left his job.

if I become that person's friend, I will not help him to get a job so that he will realize that just because of money and gambling he is willing to be arrogant.

[ethereumhunter]

As what they've said, the money you get easily also run out easily... That's the common mistake gamblers do when they experienced winning. When they win, they spend a lot on luxury and continue gambling thinking they'll win again. Your friend is lucky to win three consecutive days but he forgot about that it isn't always like that. He could've used the money he won on better things. It could've helped him change his life for the better but since he used his winnings on unnecessary things just to satisfy himself, he forgot about the important things. Instead of having a better life, it becomes worse.
Also another mistake he did was to quit his job just to continue gambling. Even with all the amount of winnings he have for those 3 days, it wouldn't be enough for his daily living until he dies without any other source of money. He may be lucky but he didn't use his luck smartly.

I think that in fact the guy in question is just still young enough and does not know how to manage money competently, so everything turned out that way. Such a person can be given a million dollars and in a year he will be left with nothing. In fact, $2000 is not that much money. There have been cases that I've lost more in a casino in one day, so there's no point in this guy getting upset about it, but he needs to find a job anyway.

It's possible that he's still young and didn't realized the decisions he made before but this kind of story happens even for older people. It's not really about the age. It's how the gambling ate them up and when they experienced winning, they'll start to think that they can easily win again whenever they want.

If the person is young, he should feel lucky that he can find another job that will help him survive. But he has to stay away from gambling because otherwise, he could develop a worse gambling addiction than before. Stories like that can happen to anyone where when someone manages to win big wins in a row, he will forget that it is due to his luck and will not get lucky again without experiencing defeat. And if he could come to that sense, he would have to give up gambling until he could control himself over the winnings he had won. But that all happened and he now has to find a job to survive and hopefully, he can get that job and also be able to leave gambling forever.

[Fatunad]

...
Feel free to chip in your contribution.

Your acquaintance got a little carried away, he is neither the first nor the last. Sad story, in the end, he hit the bottom and it seems that it's difficult for him to stand up again.

It's why "gambling just with the money you can afford to lose" should be repeated often, it's easy for anyone to get carried away after a nice streak of wins... but it's gambling in the end, we can make a profit, but we can lose a lot more than we have if we are not careful and we let the desire for winning big to blind us.

And I agree, it's better to learn from other people's mistakes, but nobody is perfect and we all make mistakes... but if someone is "reasonable and normal" will not make a huge mistake just like that. This brings us to another smart saying "Think before you jump in", that can save us from many troubles.

Mostly where noobs do usually fall out into this category on which on the time that they do get carried away then they would really be having that thinking that they could make themselves rich
in no time. This is why their confidence would really be shooting up on the roof and having those beliefs that  they could really do everything they do want, until the reality do slapped hard into
their faces and telling that this isnt the reality that they are facing on but rather the opposite one, We know that we cant really be that lucky forever.
You might be experiencing some winning streak for how many days which is unusual for a certain person but if it does really happen then its good but its better and be wise on
ensuring out those profits before it would be losing it back into the casino.

Regrets do always happen in the end and it isnt something that do happen from the start. Never ever make yourself that committing that kind of mistake just because of some wrong belief.
Gamble on the amount which you can afford to lose, and if you do see that you are really that making some significant money then better to be wise on stopping midway
and cherish those profits and never make yourself that too overjoyed which resulting into overconfidence.

[danherbias07]

Thank God I also think like the 2nd son.
Although no father asked me the same way as the story, I have seen enough to conclude that gambling too much is bad for your wealth. 
From friends to relatives, I saw how people/partners argue just because of money without even thinking it is their fault for gambling the money and that's why they cannot afford food on their table anymore. It breaks a family, a relationship, and even a friendship. I don't want to be in that position so I try to discipline myself as far as I can.

Gambling is not a business. True. For gamblers/players.
It is only a business for those who own it, they will be the ones who will make money from those who want to entertain themselves or the foolish enough to think they can double their money in a day with their luck.

[Weawant]

Gambling is not a business, and neither should you ever take it as a day job, in reference to this thread - it is likely impossible to make a consistent winning from gambling, there are day you win, even much more than $100, and there are days you will lose it all, to make a consistent $100 or more every day in gambling is a mirage, wishful thinking that might never happen..

You can never have a consistent winning when gambling, it's impossible since gambling is based on just luck and there isn't any proven way to keep on winning. If you want to have consistent earnings then you have to get yourself involved in other things.

Those things has to be associated with gambling and it could be in form of commission from referrals or direct payments for the promotion of the casino to others and that's the only way you can get a constant income coming In from casino.

You can never be consistent although you can still be profiting when you check the profits you have means and your expense and that's what make you a professional gamblers because of your good track record of been profitable.

[slapper]

...
Feel free to chip in your contribution.

Your acquaintance got a little carried away, he is neither the first nor the last. Sad story, in the end, he hit the bottom and it seems that it's difficult for him to stand up again.

It's why "gambling just with the money you can afford to lose" should be repeated often, it's easy for anyone to get carried away after a nice streak of wins... but it's gambling in the end, we can make a profit, but we can lose a lot more than we have if we are not careful and we let the desire for winning big to blind us.

And I agree, it's better to learn from other people's mistakes, but nobody is perfect and we all make mistakes... but if someone is "reasonable and normal" will not make a huge mistake just like that. This brings us to another smart saying "Think before you jump in", that can save us from many troubles.

Mostly where noobs do usually fall out into this category on which on the time that they do get carried away then they would really be having that thinking that they could make themselves rich
in no time. This is why their confidence would really be shooting up on the roof and having those beliefs that  they could really do everything they do want, until the reality do slapped hard into
their faces and telling that this isnt the reality that they are facing on but rather the opposite one, We know that we cant really be that lucky forever.
You might be experiencing some winning streak for how many days which is unusual for a certain person but if it does really happen then its good but its better and be wise on
ensuring out those profits before it would be losing it back into the casino.

Regrets do always happen in the end and it isnt something that do happen from the start. Never ever make yourself that committing that kind of mistake just because of some wrong belief.
Gamble on the amount which you can afford to lose, and if you do see that you are really that making some significant money then better to be wise on stopping midway
and cherish those profits and never make yourself that too overjoyed which resulting into overconfidence.

Remember, folks: there is no magic staircase leading to riches. Having second thoughts? You're trying to trick yourself. Yes, hot streaks do occur, but be wary! Don't lose your footing due to arrogance. In case you didn't know, "a fool and his money are soon parted" is a common adage. Bet just what you can afford to lose. Don't let adrenaline take control of your thoughts. It's preferable to take the safe route, like a fortified tower, than to live with regrets later on. Always exercise extreme caution when gambling.

[jostorres]

Very common for new gamblers or to those who are just recently dealing up with gambling on which they do really believe that they could really get rich because of it just because they have able to win up some few games and ending up on being profitable which we know that this isnt how the reality works. There's no way for us to retain that luck factor which is something that we cant really be able maintain until we do lost it all.
You would really be having that kind of impression on which you do believe that you do have all the luck on this world without even trying to look on whats the real deal on gambling. Consistent winning on gambling cant really be that impossible, if you do been able to experience some winnings streaks then it would be wise if you do keep em and save it up for other purpose. Dont chase up for further more winnings
because once the table would turn upside down then it would really be giving off the different outcome which you arent been expecting for it to happen and this is where disappointments do start
which would mold up next that desperation which it is something that we do need to avoid.

How foolish or reckless can someone be to leave his day job only because he has been able to win some money for a few consecutive days? That's like the worst decision one can take in their entire life, even if you want to enjoy some time with the money you've won, you should at least keep other options open for later.

Now when he has lost everything back, he is compelled to roam around free with no money and no job and eat food by asking others, isn't that pathetic? But he surely deserves that and that is why he is facing it.

[Botnake]

Let's begin with a story (more like a parable) which I think is familiar to some of us...

A Man on his sick bed called two of his sons, and asked both of them, "you both have heard that experience is the best teacher right?"

They both answered - "yes dad"

He then asked the first son - "you my first son, how or what is the best way to learn from experience?"

The first son, after thinking for a while answered "learning from my mistakes, that is, never making the same mistake twice".

The father answered - "that's very good my son, you've answered well".

Then turned to the second son, and asked him the same question..

The second son answered immediately - "it is good to learn from my mistakes, but I think it is better to learn from other people's mistakes, so that I won't have to make mistakes myself before I learn".

The father looked at him and was short of words to empress himself, he told both of them to go, but later called the second son privately and said to him, "I am astonished by the level of your wisdom, you can't take your elder brother's place as my first son, but I put him under your care, do all you can to keep him from taking wrong decisions".

Now, To the main discussion...

Please note that I've previously touched on this topic HERE, but I decide to escalate it as a topic to better reach more gamblers who possibly could learn from the experience..

A supposed friend, he working and has been gambling for a while, recently got lucky, won consistently for 3 good days consecutively..

1st day, he won $670+
2nd day, he won $702+
3rd day, he won $692+
This are the ones I know and saw the slip myself...

For most of us in my area here, it was like he did a charm, I personally envied him to be sincere, but not with any evil intention , I only wished I was as lucky as him..

But the sad thing about the whole thing was that, he's attitude changes, those are big amount when converted to my country's local currency, but not big enough to warrant his Change of attitude..
He started spending anyhow, sleeping in different hotels with different women - before this, he already quit his job, he bought himself an iPhone and also bought an iPhone for one hoe that was following him up and down as a girlfriend - he left our neighborhood and moved to a better place and a bigger apartment, he become arrogant and left some of his friends in times of want behind, he did all he did probably with a mindset that the winnings will keep coming, some even spread some rumor that the guy meet a witch doctor who prepared a luck charm for him, which is what gave him the confidence of quiting his job - to me, this remains a rumor, since there is no way to verify if this is true of false.

Long story short, 2 months after the whole winning spree, this guy lost everything back to casinos where he gambled on, he made gambling his day job, probably increased his bets so as to win more,  but as of today, this guy is joblessly roaming the streets, depend solely on friends to feed, as of yesterday when I overheard him discussing with some one I am also close to, he was asking to help him look for a Job, that what he planned didn't work out - what ever he planned that didn't work out, I don't know, but this is a lesson for us all to learn from.

Gambling is not a business, and neither should you ever take it as a day job, in reference to this thread - it is likely impossible to make a consistent winning from gambling, there are day you win, even much more than $100, and there are days you will lose it all, to make a consistent $100 or more every day in gambling is a mirage, wishful thinking that might never happen.

Feel free to chip in your contribution.

Well, that was quite a good amount of winnings and he could've been more thousands of dollars richer if he managed his expense correctly and didn't have the wrong mindset when it comes to handling the money. But who are we to blame him, the man is just living his life to the fullest and enjoyed everything up to the last penny, I mean he deserved that (except for the hoe thing) because it's his own money in the first place.

But I can't help but think that what he did was just a total waste of time and money because he prioritized buying things that are not so useful and all of that was just a liability, instead of making himself more rich by investing into something that could give him another source of income.

Anyway, I sure do hope that by now, he already learned his mistake and that not all things are permanent. So it's much wiser to do the right thing as we don't know what will happen in the future.

[demonica]

As what they've said, the money you get easily also run out easily... That's the common mistake gamblers do when they experienced winning. When they win, they spend a lot on luxury and continue gambling thinking they'll win again. Your friend is lucky to win three consecutive days but he forgot about that it isn't always like that. He could've used the money he won on better things. It could've helped him change his life for the better but since he used his winnings on unnecessary things just to satisfy himself, he forgot about the important things. Instead of having a better life, it becomes worse.
Also another mistake he did was to quit his job just to continue gambling. Even with all the amount of winnings he have for those 3 days, it wouldn't be enough for his daily living until he dies without any other source of money. He may be lucky but he didn't use his luck smartly.

I think that in fact the guy in question is just still young enough and does not know how to manage money competently, so everything turned out that way. Such a person can be given a million dollars and in a year he will be left with nothing. In fact, $2000 is not that much money. There have been cases that I've lost more in a casino in one day, so there's no point in this guy getting upset about it, but he needs to find a job anyway.

It's possible that he's still young and didn't realized the decisions he made before but this kind of story happens even for older people. It's not really about the age. It's how the gambling ate them up and when they experienced winning, they'll start to think that they can easily win again whenever they want.

If the person is young, he should feel lucky that he can find another job that will help him survive. But he has to stay away from gambling because otherwise, he could develop a worse gambling addiction than before. Stories like that can happen to anyone where when someone manages to win big wins in a row, he will forget that it is due to his luck and will not get lucky again without experiencing defeat. And if he could come to that sense, he would have to give up gambling until he could control himself over the winnings he had won. But that all happened and he now has to find a job to survive and hopefully, he can get that job and also be able to leave gambling forever.

That's another thing. If he's still young then he still has a chance and a lot of opportunities to learn and fix the decision he made. He can still change his life if he wants to. He can still find a job, quit gambling for good and have a new life. It would be a great life lesson to him, experiencing a rollercoaster status in life. I just hope he learned his lesson

[darewaller]

meet a witch doctor who prepared a luck charm for him, which is what gave him the confidence of quiting his job

This is so dumb and delusional that I don't believe it. I do believe the other parts of the story, about spending money for hoes and random shit.
Arrogance is the path to failure. I know that after winning a bunch of games, a player gets the false sense of "being good at gambling".
This is a delusion. He isn't good at gambling, he's just lucky. Luck comes and goes. I know that some gambling games like poker require skills besides luck, but even the greatest poker players can't win all the time. I really hope that your friend realizes the huge mistakes he makes in his life and tries to follow the path of self-improvement.

It is said that it's only a rumour but it is not true because if it is then that guy will never experience a loss later on but maybe this is the consequence? I've read similar stories before about witchcrafts and selling your soul to devil has a price to pay. If only that guy did not ignore it and arrange himself later on, he will still carry his wealth.

I don't think the guy is simply lucky. We all can experience to be lucky but there is no way that our luck will continue for several days but what usually happen is that we can only win on the first day and then lose at the second or third day. Also the winnings that we can take home isn't that big because we already know what can happen when we try to make more.

[passwordnow]

Gambling is a huge business but not for us. You can make it as a business if you've got networks of referrals or you're an influencer that's known in the gambling scene. But if you're just someone who casually gambles, yes, this isn't a business but just some way you want to enjoy and expect a little to get some profits and it's not daily. It's a terrible idea to quit your job and replaced it with something you're still unsure about. His emotions got him that he'd be lucky every day but that didn't happen, well, he's got an iPhone, he bought his hoe an iPhone and enjoyed it with his money. Maybe if that's what success to him, he'll just rely on that memory he's got but still too hard to deal with in that situation.

[jaberwock]

Your acquaintance got a little carried away, he is neither the first nor the last. Sad story, in the end, he hit the bottom and it seems that it's difficult for him to stand up again.

It's why "gambling just with the money you can afford to lose" should be repeated often, it's easy for anyone to get carried away after a nice streak of wins... but it's gambling in the end, we can make a profit, but we can lose a lot more than we have if we are not careful and we let the desire for winning big to blind us.

And I agree, it's better to learn from other people's mistakes, but nobody is perfect and we all make mistakes... but if someone is "reasonable and normal" will not make a huge mistake just like that. This brings us to another smart saying "Think before you jump in", that can save us from many troubles.

You're a quote lover, aren't you? But yeah, learning from others won't make us 100% immune to mistake but it is essential so that we can reduce the effect of the mistake. There is always a reason on every actions that we are doing but gamblers who made a big loss usually have the same reason and that is they got greedy. They think they can win more or they are only trying to increase their balance.

Like you said earlier, nothing is perfect in this world therefore id say that those people are still normal. Maybe some of us here can't make a big mistake in gambling but im pretty sure that there are other areas in life where we commit it.

[cabron]

He must have learned the lesson now being the elder son in that parable and then we as the second sons must learn from his mistake.

Not all can absorb the lesson actually until they suffer it themselves. Putting yourself in his shoe can be difficult for some of us, not everyone can reflect until theyve lost something big.

When a person earn a riches, he could think they are on the top forever.

[smyslov]

It's very important not to be comfortable that you will be every session its ok to have confidence in playing but not all days are the same, there are times that you will 3 to 5 in a row and then lose 2 to 4 times in a row, there's no such thing as a lucky charm in gambling or born lucky, if you are comfortable thinking that way you will be in trouble this is the kind of mindset that never accept losses, so always check your mindset.

[ethereumhunter]

That's another thing. If he's still young then he still has a chance and a lot of opportunities to learn and fix the decision he made. He can still change his life if he wants to. He can still find a job, quit gambling for good and have a new life. It would be a great life lesson to him, experiencing a rollercoaster status in life. I just hope he learned his lesson

Hopefully, he can learn from his experience and never repeat the same mistake. And if he is already experiencing a gambling addiction, he should ask for help from other people to help him cure his gambling addiction. And that he has to do before he has a new job so it won't make him go back to gambling after getting a new job. If he cannot cure his gambling addiction, it will not make him stop gambling but will only make him sink deeper into gambling because, from his new job, he will be able to earn income to gamble again.

[Zackgeno96]

When you start gambling you don't think about possible losses. Of course you don't want anything to do with that. Gambling and winning is the same as gambling and losing. Because of the house edge, you will normally always gamble at a loss in the long run. I can few gamblers who can make real returns from their gambling activities. It could be, but then you have to play with coarse bets and especially stop at the right moment. People who spend an entire evening in a casino can also see this as a night out, it does not necessarily mean that you are gambling your entire salary there. People who win big at gambling will assume that they are very good at gambling and that their strategy is profitable.

[len01]

Hopefully, he can learn from his experience and never repeat the same mistake. And if he is already experiencing a gambling addiction, he should ask for help from other people to help him cure his gambling addiction. And that he has to do before he has a new job so it won't make him go back to gambling after getting a new job. If he cannot cure his gambling addiction, it will not make him stop gambling but will only make him sink deeper into gambling because, from his new job, he will be able to earn income to gamble again.

if the person is wise in responding to his problem or the lessons he has learned, he should think about the long term such as curing himself from gambling addiction or if he is not an addict he can go to a psychology doctor to get a solution to improve himself before getting a new job.
because it's only useless if you still have a great desire to gamble when he has got a new job, he can spend all his salary on gambling and it gets worse.

[bitgolden]

He must have learned the lesson now being the elder son in that parable and then we as the second sons must learn from his mistake.

Not all can absorb the lesson actually until they suffer it themselves. Putting yourself in his shoe can be difficult for some of us, not everyone can reflect until theyve lost something big.

When a person earn a riches, he could think they are on the top forever.

That's the thing about life, we do get education because there were other people who learned these stuff and then passed it along, thanks to that we ended up learning from them and not needed to start from scratch, this allowed us to start from a good position to begin with and then put on top of that as well, and for generations how humanity improved that way. Obviously there are a lot of people and situations where we could end up still doing the wrong thing because humans are like that, we rather enjoy then be right.

For example, smoking hurts you and kills you, it gives you lung cancer, we learned this long ago with medical research, we are aware of it, and yet we still do it. This is why gambling could be a good example, you can learn from it and yet may end up doing the wrong thing anyway.

[ethereumhunter]

Hopefully, he can learn from his experience and never repeat the same mistake. And if he is already experiencing a gambling addiction, he should ask for help from other people to help him cure his gambling addiction. And that he has to do before he has a new job so it won't make him go back to gambling after getting a new job. If he cannot cure his gambling addiction, it will not make him stop gambling but will only make him sink deeper into gambling because, from his new job, he will be able to earn income to gamble again.

if the person is wise in responding to his problem or the lessons he has learned, he should think about the long term such as curing himself from gambling addiction or if he is not an addict he can go to a psychology doctor to get a solution to improve himself before getting a new job.
because it's only useless if you still have a great desire to gamble when he has got a new job, he can spend all his salary on gambling and it gets worse.

He should have become self-aware of what he's got and know he has a problem that must be cured. But if he can't learn from his experiences or even get deeper into gambling, no one can help him and he will only get worse from gambling.

When someone has money, is used to gambling, and has no self-control, he will only use that money to gamble. He will not think about his life or start a new life without gambling. Maybe someone else should stay with him while he's at home or out and about so that person can keep an eye on what he's doing. And if he wanted to gamble, that person would pull him elsewhere.

[Webetcoins]

It is said that it's only a rumour but it is not true because if it is then that guy will never experience a loss later on but maybe this is the consequence? I've read similar stories before about witchcrafts and selling your soul to devil has a price to pay. If only that guy did not ignore it and arrange himself later on, he will still carry his wealth.

I don't think the guy is simply lucky. We all can experience to be lucky but there is no way that our luck will continue for several days but what usually happen is that we can only win on the first day and then lose at the second or third day. Also the winnings that we can take home isn't that big because we already know what can happen when we try to make more.

Such stories are nothing more than rubbish, witches can't make you lucky or make you win in gambling, your luck and your destiny can't be changed that way. And it does happen when you become lucky and win consecutively for a few days and that is when you start thinking that it might work even after all those days.

But what happens is that you start losing after that winning streak which is always going to happen since it's gambling and it's based on your luck, and no one in the world in my opinion can be lucky all the time in their lives.

[Mauser]

Long story short, 2 months after the whole winning spree, this guy lost everything back to casinos where he gambled on, he made gambling his day job, probably increased his bets so as to win more,  but as of today, this guy is joblessly roaming the streets, depend solely on friends to feed, as of yesterday when I overheard him discussing with some one I am also close to, he was asking to help him look for a Job, that what he planned didn't work out - what ever he planned that didn't work out, I don't know, but this is a lesson for us all to learn from.

Sorry to hear that your friend lost everything, but this doesn't come as a surprise to me. Gambling is not a profession that can be used a full time job in my opinion. We all know that casino games are designed in a way to guarantee the casino is making long term. The so called house edge can be found in almost every game and means that if the number of gamblers and games played is large enough the winnings will be close to the expected values, which are positive for the casino and negative for the gamblers. The randomness aspect of gambling of course means that there can be winning and losing streaks, but this is not going to be the norm. Also there is no real winning chance for most of the casino games, so we can't rely on gambling as consistent form of income. It's good that your friend is looking for a normal job again and tries to get life in order. Hopefully he has learned his lesson and will use gambling in the future as a form of entertainment and not as form to reliable income.

[mm2543363580]

It is said that it's only a rumour but it is not true because if it is then that guy will never experience a loss later on but maybe this is the consequence? I've read similar stories before about witchcrafts and selling your soul to devil has a price to pay. If only that guy did not ignore it and arrange himself later on, he will still carry his wealth.

I don't think the guy is simply lucky. We all can experience to be lucky but there is no way that our luck will continue for several days but what usually happen is that we can only win on the first day and then lose at the second or third day. Also the winnings that we can take home isn't that big because we already know what can happen when we try to make more.

Such stories are nothing more than rubbish, witches can't make you lucky or make you win in gambling, your luck and your destiny can't be changed that way. And it does happen when you become lucky and win consecutively for a few days and that is when you start thinking that it might work even after all those days.

But what happens is that you start losing after that winning streak which is always going to happen since it's gambling and it's based on your luck, and no one in the world in my opinion can be lucky all the time in their lives.

Gambling is not something reliable thing which you can trust and use your everything in that,  this thought and act of totally depending on it is foolish .
You can do gambling as fun and with limited resources so that If you loose you don't end up being broke and depress .

[len01]

Hopefully, he can learn from his experience and never repeat the same mistake. And if he is already experiencing a gambling addiction, he should ask for help from other people to help him cure his gambling addiction. And that he has to do before he has a new job so it won't make him go back to gambling after getting a new job. If he cannot cure his gambling addiction, it will not make him stop gambling but will only make him sink deeper into gambling because, from his new job, he will be able to earn income to gamble again.

if the person is wise in responding to his problem or the lessons he has learned, he should think about the long term such as curing himself from gambling addiction or if he is not an addict he can go to a psychology doctor to get a solution to improve himself before getting a new job.
because it's only useless if you still have a great desire to gamble when he has got a new job, he can spend all his salary on gambling and it gets worse.

He should have become self-aware of what he's got and know he has a problem that must be cured. But if he can't learn from his experiences or even get deeper into gambling, no one can help him and he will only get worse from gambling.

When someone has money, is used to gambling, and has no self-control, he will only use that money to gamble. He will not think about his life or start a new life without gambling. Maybe someone else should stay with him while he's at home or out and about so that person can keep an eye on what he's doing. And if he wanted to gamble, that person would pull him elsewhere.

but in my opinion, if he has become a gambling addict, it will be very difficult for him to be self-aware because in his mind he is only gambling and winning big. It is this mindset that causes a person to become an addict when he wins large amounts at gambling and he feels and thinks about the results or big profits from gambling.
and it would all be better if the people themselves who wanted to live better avoided gambling or took gambling less seriously as just entertainment.

that's all I say from my own experience that I've been an addict.

[Viscore]

Not that the guy is even rich yet, not that he built a mansion or a company for business. He rented an apartment and bought two iPhones and thought the earning will be consistent.

but this is a lesson for us all to learn from.

He left his job just because of gambling. That is stupidity. There is nothing I can learn about this but to see it as stupidity.

Although you are very correct, gambling should not be seen as a business. People that see it as business and a way to make income will always end like this.

The moment a gambler decides to leave completely his job so he can focus on gambling and gain bigger income, that is a total stupidity. No man has the right thinking to leave his stable job out from gambling. The only lesson I get here is gambling will never guarantee you to be profitable consistently. In times you’re lucky, you might be making profits but since most of the time we never get luck, so we always lost the chance and end up gambling at the losing end.

[Fivestar4everMVP]

Not that the guy is even rich yet, not that he built a mansion or a company for business. He rented an apartment and bought two iPhones and thought the earning will be consistent.

but this is a lesson for us all to learn from.

He left his job just because of gambling. That is stupidity. There is nothing I can learn about this but to see it as stupidity.

Although you are very correct, gambling should not be seen as a business. People that see it as business and a way to make income will always end like this.

The moment a gambler decides to leave completely his job so he can focus on gambling and gain bigger income, that is a total stupidity. No man has the right thinking to leave his stable job out from gambling. The only lesson I get here is gambling will never guarantee you to be profitable consistently. In times you’re lucky, you might be making profits but since most of the time we never get luck, so we always lost the chance and end up gambling at the losing end.

You are very right about this, like I said in the op, gambling can never give one a consistent cash flow, and to be sincere, from my personal experience, the days which a gambler loses money, most times is more greater than the days the gambler wins..

It is a stupid decision for one to leave his steady paying Job to face gambling, except on the reason that the individual own his or her own gambling Casino, even at this, it is very important to make sure that the casino is already doing very well before leaving your steady paying job.

[madnessteat]

Not that the guy is even rich yet, not that he built a mansion or a company for business. He rented an apartment and bought two iPhones and thought the earning will be consistent.

but this is a lesson for us all to learn from.

He left his job just because of gambling. That is stupidity. There is nothing I can learn about this but to see it as stupidity.

Although you are very correct, gambling should not be seen as a business. People that see it as business and a way to make income will always end like this.

The moment a gambler decides to leave completely his job so he can focus on gambling and gain bigger income, that is a total stupidity. No man has the right thinking to leave his stable job out from gambling. The only lesson I get here is gambling will never guarantee you to be profitable consistently. In times you’re lucky, you might be making profits but since most of the time we never get luck, so we always lost the chance and end up gambling at the losing end.

I would not quit my job even if I had enough money for 10 years of carefree life, because my goal is not to spend the money I have earned, but to multiply it. I agree with the forum users who think this guy was stupid for believing in himself and quitting his job. I think he is already regretting what he did.

[swogerino]

Not that the guy is even rich yet, not that he built a mansion or a company for business. He rented an apartment and bought two iPhones and thought the earning will be consistent.

but this is a lesson for us all to learn from.

He left his job just because of gambling. That is stupidity. There is nothing I can learn about this but to see it as stupidity.

Although you are very correct, gambling should not be seen as a business. People that see it as business and a way to make income will always end like this.

The moment a gambler decides to leave completely his job so he can focus on gambling and gain bigger income, that is a total stupidity. No man has the right thinking to leave his stable job out from gambling. The only lesson I get here is gambling will never guarantee you to be profitable consistently. In times you’re lucky, you might be making profits but since most of the time we never get luck, so we always lost the chance and end up gambling at the losing end.

I would not quit my job even if I had enough money for 10 years of carefree life, because my goal is not to spend the money I have earned, but to multiply it. I agree with the forum users who think this guy was stupid for believing in himself and quitting his job. I think he is already regretting what he did.

If I had the money to live carefree for 10 years I would definitely quit my job and just do some side jobs,part time like 2-3 hours a day just to keep my brain active but the thing that most people fail to understand is exactly this multiply of money is what keeps people busy until the realize they have not much left to live and that is the biggest mistake anyone can make.I have my boss,he work like he is 20,stays awake and does not sleep and his life is a misery,he keeps staying in the office 24/7 and I don't get it,now he is 67 and I doubt he will live that long based on his way of life,he surely has not enjoyed money trying to keep multiplying and keep multiplying.It is funny as the daughter in law or son in law will enjoy his money,what a pathetic way to live one life in my view.

[YOSHIE]

Gambling is not a business, and neither should you ever take it as a day job, in reference to this thread - it is likely impossible to make a consistent winning from gambling, there are day you win, even much more than $100, and there are days you will lose it all, to make a consistent $100 or more every day in gambling is a mirage, wishful thinking that might never happen.

That is why in the world of gambling there is nothing consistent. That is a fact, where everyone must think rationally and professionally, the true purpose and meaning of our entering the world of gambling, Unfortunately, many of our friends think that gambling is the main element for consistent income. reality is just an illusion.
so that they forget in real life and act in a criminal manner when they experience successive defeats, so that it darkens their eyes to do something that is detrimental to themselves and also others.

I realize that gambling is like digging a mountain, the more we dig the mountain, the wider and deeper we are never consistent, never satisfied and never find what we are looking for, for that, from now on I think gambling is solely done for the sake of pleasure, never hoping to achieve something that has never been achieved.

[Tumanggor]

~

Long story short, 2 months after the whole winning spree, this guy lost everything back to casinos where he gambled on, he made gambling his day job, probably increased his bets so as to win more,  but as of today, this guy is joblessly roaming the streets, depend solely on friends to feed, as of yesterday when I overheard him discussing with some one I am also close to, he was asking to help him look for a Job, that what he planned didn't work out - what ever he planned that didn't work out, I don't know, but this is a lesson for us all to learn from.

Gambling is not a business, and neither should you ever take it as a day job, in reference to this thread - it is likely impossible to make a consistent winning from gambling, there are day you win, even much more than $100, and there are days you will lose it all, to make a consistent $100 or more every day in gambling is a mirage, wishful thinking that might never happen.

Feel free to chip in your contribution.

really the story of a tragic person, gambling in casinos especially those based purely on luck like slots or dice cannot be made into a main job because the income we get (wins) will never be stable

and most of the many cases that occur, people who make gambling as their entertainment, have more chances to win than those who make gambling as their main income focus

mindset is very influential on the habits and also the future of each person

[rahmad2nd]

Gambling is not a business, and neither should you ever take it as a day job, in reference to this thread - it is likely impossible to make a consistent winning from gambling, there are day you win, even much more than $100, and there are days you will lose it all, to make a consistent $100 or more every day in gambling is a mirage, wishful thinking that might never happen.

Feel free to chip in your contribution.

So, the theme of our discussion is never to expect consistent wins from gambling. well, looks like we agree, in fact most of the community would probably say the same.

Speaking of gambling, I'm sure every gambler has a dream of getting consistent results. even hope, to get abundant victory one day. although in reality, in practice it is very difficult to realize even in the type of gambling that involves expertise. in fact, the probability of winning that we have, is smaller than the ratio of losing. then, why do we keep gambling. the reason is classic, apart from having fun we hope that today luck is on our side. therefore, we will always be compelled to engage in gambling. after all, if we're lucky, the reward we get can be many times over and I think that's part of its uniqueness.

Despite the fact, there are impacts that can affect us psychologically if we don't have a good understanding of gambling. plus, be responsible accompanied by self-control.
then, is gambling a business. it depends, if you act as a casino owner, then you will make a profit from the business that you are running. but if just being a gambler, I agree with what you say.

Based on the second story you told, by the way. This phenomenon is not new to me personally. this applies especially to gamblers, but can be related to real life. where when someone is in a prosperous situation whether it's from business or gambling, they tend to forget themselves. "in this case for people whose economy is middle to lower". which in the end, someone who is lacking in terms of his own human resources, often, he wastes what he has achieved before. which in the end, he fell back in his life.

[dunfida]

Not that the guy is even rich yet, not that he built a mansion or a company for business. He rented an apartment and bought two iPhones and thought the earning will be consistent.

but this is a lesson for us all to learn from.

He left his job just because of gambling. That is stupidity. There is nothing I can learn about this but to see it as stupidity.

Although you are very correct, gambling should not be seen as a business. People that see it as business and a way to make income will always end like this.

The moment a gambler decides to leave completely his job so he can focus on gambling and gain bigger income, that is a total stupidity. No man has the right thinking to leave his stable job out from gambling. The only lesson I get here is gambling will never guarantee you to be profitable consistently. In times you’re lucky, you might be making profits but since most of the time we never get luck, so we always lost the chance and end up gambling at the losing end.

I would not quit my job even if I had enough money for 10 years of carefree life, because my goal is not to spend the money I have earned, but to multiply it. I agree with the forum users who think this guy was stupid for believing in himself and quitting his job. I think he is already regretting what he did.

If I had the money to live carefree for 10 years I would definitely quit my job and just do some side jobs,part time like 2-3 hours a day just to keep my brain active but the thing that most people fail to understand is exactly this multiply of money is what keeps people busy until the realize they have not much left to live and that is the biggest mistake anyone can make.I have my boss,he work like he is 20,stays awake and does not sleep and his life is a misery,he keeps staying in the office 24/7 and I don't get it,now he is 67 and I doubt he will live that long based on his way of life,he surely has not enjoyed money trying to keep multiplying and keep multiplying.It is funny as the daughter in law or son in law will enjoy his money,what a pathetic way to live one life in my view.

This is what im trying to achieve on which i do really thrive my best to be that financially free when im not still that old on which im really not letting myself do get badly beaten up due to stress or having no sleep
because we know that our body would really take out the toll. There's no point on making lots of money because once your body is really that ill or able to get that serious sickness or whatsoever correlated to this
then you would be definitely be able to spend all of those earnings into hospitalization and this is why it would really be that just right that everything should really be in balance.

We know that everything which is too much would really be putting us on harm.We should be wary on how risky gambling is and we should really accept the fact that its impossible that we would really be
having that disadvantage against house or simply we arent that lucky all the times. Its never been wise on seeing yourself dealing with gambling and leaving out
or quit your job just because you do believe that you could sustain out for the rest of your life? You are crazy if you do consider out such decision.

[Fortify]

For most of us in my area here, it was like he did a charm, I personally envied him to be sincere, but not with any evil intention , I only wished I was as lucky as him..

But the sad thing about the whole thing was that, he's attitude changes, those are big amount when converted to my country's local currency, but not big enough to warrant his Change of attitude..
He started spending anyhow, sleeping in different hotels with different women - before this, he already quit his job, he bought himself an iPhone and also bought an iPhone for one hoe that was following him up and down as a girlfriend - he left our neighborhood and moved to a better place and a bigger apartment, he become arrogant and left some of his friends in times of want behind, he did all he did probably with a mindset that the winnings will keep coming, some even spread some rumor that the guy meet a witch doctor who prepared a luck charm for him, which is what gave him the confidence of quiting his job - to me, this remains a rumor, since there is no way to verify if this is true of false.

Long story short, 2 months after the whole winning spree, this guy lost everything back to casinos where he gambled on, he made gambling his day job, probably increased his bets so as to win more,  but as of today, this guy is joblessly roaming the streets, depend solely on friends to feed, as of yesterday when I overheard him discussing with some one I am also close to, he was asking to help him look for a Job, that what he planned didn't work out - what ever he planned that didn't work out, I don't know, but this is a lesson for us all to learn from.

Gambling is not a business, and neither should you ever take it as a day job, in reference to this thread - it is likely impossible to make a consistent winning from gambling, there are day you win, even much more than $100, and there are days you will lose it all, to make a consistent $100 or more every day in gambling is a mirage, wishful thinking that might never happen.

Feel free to chip in your contribution.

Variance in gambling can be wild and it is a good lesson that you describe. Sometimes arrogance can blind a person into believing that they are highly skilled, when in actual fact they just got an extreme lucky sequence of events and it can all come crashing down one day. Unless you're doing a truly skilled activity, with many thousands of hours of evidence that you are profitable, probably accrued over years of hard work - then you might not have any sort of winning strategy at all. Your opening story makes reference to learning from other peoples mistakes, and this can work on a low level, however sometimes to truly learn a lesson and take heed it requires you to feel the pain so that you will not repeat it so hastily.

[Ebede]

Gambling as a game of luck should not be expected to be won always because most times is not about what you know that plays out that's why is been called a game of luck, luck plays a major role in gambling so expect the unexpected as far as gambling is in play.

[ethereumhunter]

Hopefully, he can learn from his experience and never repeat the same mistake. And if he is already experiencing a gambling addiction, he should ask for help from other people to help him cure his gambling addiction. And that he has to do before he has a new job so it won't make him go back to gambling after getting a new job. If he cannot cure his gambling addiction, it will not make him stop gambling but will only make him sink deeper into gambling because, from his new job, he will be able to earn income to gamble again.

if the person is wise in responding to his problem or the lessons he has learned, he should think about the long term such as curing himself from gambling addiction or if he is not an addict he can go to a psychology doctor to get a solution to improve himself before getting a new job.
because it's only useless if you still have a great desire to gamble when he has got a new job, he can spend all his salary on gambling and it gets worse.

He should have become self-aware of what he's got and know he has a problem that must be cured. But if he can't learn from his experiences or even get deeper into gambling, no one can help him and he will only get worse from gambling.

When someone has money, is used to gambling, and has no self-control, he will only use that money to gamble. He will not think about his life or start a new life without gambling. Maybe someone else should stay with him while he's at home or out and about so that person can keep an eye on what he's doing. And if he wanted to gamble, that person would pull him elsewhere.

but in my opinion, if he has become a gambling addict, it will be very difficult for him to be self-aware because in his mind he is only gambling and winning big. It is this mindset that causes a person to become an addict when he wins large amounts at gambling and he feels and thinks about the results or big profits from gambling.
and it would all be better if the people themselves who wanted to live better avoided gambling or took gambling less seriously as just entertainment.

that's all I say from my own experience that I've been an addict.

A gambling addict will indeed find it difficult to be self-aware. Hopefully, an event will awaken him so he can get enlightenment that playing gambling is not good for him and he is already experiencing gambling addiction. A beginner new to gambling has a high potential to become a gambling addict, especially if he only follows his friend's invitation to gamble. And if he does not have self-control, he will gradually turn into a gambling addict. But even though he has become a gambling addict, it seems he will not blame his friends who have asked him to gamble.

[Alisha-k]

Let's begin with a story (more like a parable) which I think is familiar to some of us...

A Man on his sick bed called two of his sons, and asked both of them, "you both have heard that experience is the best teacher right?"

They both answered - "yes dad"

He then asked the first son - "you my first son, how or what is the best way to learn from experience?"

The first son, after thinking for a while answered "learning from my mistakes, that is, never making the same mistake twice".

The father answered - "that's very good my son, you've answered well".

Then turned to the second son, and asked him the same question..

The second son answered immediately - "it is good to learn from my mistakes, but I think it is better to learn from other people's mistakes, so that I won't have to make mistakes myself before I learn".

The father looked at him and was short of words to empress himself, he told both of them to go, but later called the second son privately and said to him, "I am astonished by the level of your wisdom, you can't take your elder brother's place as my first son, but I put him under your care, do all you can to keep him from taking wrong decisions".

Now, To the main discussion...

Please note that I've previously touched on this topic HERE, but I decide to escalate it as a topic to better reach more gamblers who possibly could learn from the experience..

A supposed friend, he working and has been gambling for a while, recently got lucky, won consistently for 3 good days consecutively..

1st day, he won $670+
2nd day, he won $702+
3rd day, he won $692+
This are the ones I know and saw the slip myself...

For most of us in my area here, it was like he did a charm, I personally envied him to be sincere, but not with any evil intention , I only wished I was as lucky as him..

But the sad thing about the whole thing was that, he's attitude changes, those are big amount when converted to my country's local currency, but not big enough to warrant his Change of attitude..
He started spending anyhow, sleeping in different hotels with different women - before this, he already quit his job, he bought himself an iPhone and also bought an iPhone for one hoe that was following him up and down as a girlfriend - he left our neighborhood and moved to a better place and a bigger apartment, he become arrogant and left some of his friends in times of want behind, he did all he did probably with a mindset that the winnings will keep coming, some even spread some rumor that the guy meet a witch doctor who prepared a luck charm for him, which is what gave him the confidence of quiting his job - to me, this remains a rumor, since there is no way to verify if this is true of false.

Long story short, 2 months after the whole winning spree, this guy lost everything back to casinos where he gambled on, he made gambling his day job, probably increased his bets so as to win more,  but as of today, this guy is joblessly roaming the streets, depend solely on friends to feed, as of yesterday when I overheard him discussing with some one I am also close to, he was asking to help him look for a Job, that what he planned didn't work out - what ever he planned that didn't work out, I don't know, but this is a lesson for us all to learn from.

Gambling is not a business, and neither should you ever take it as a day job, in reference to this thread - it is likely impossible to make a consistent winning from gambling, there are day you win, even much more than $100, and there are days you will lose it all, to make a consistent $100 or more every day in gambling is a mirage, wishful thinking that might never happen.

Feel free to chip in your contribution.

so sad, how long do we keep the advice coming before some persons are able to understand how life plays??
To everyone, there's an opportunity to make it big but we often times abuse this opportunity and expect that it'll last forever. I am not against him quitting his job, probably that was the space he would have needed in order to think and make a proper plan, squandering the money on frivolities instead of investing it in something that'll stand the test of time was stupidity on his side...

I see his circle are nice people.to even accept him back proves that, that kind of person cannot be my friend.

[Silberman]

so sad, how long do we keep the advice coming before some persons are able to understand how life plays??
To everyone, there's an opportunity to make it big but we often times abuse this opportunity and expect that it'll last forever. I am not against him quitting his job, probably that was the space he would have needed in order to think and make a proper plan, squandering the money on frivolities instead of investing it in something that'll stand the test of time was stupidity on his side...

I see his circle are nice people.to even accept him back proves that, that kind of person cannot be my friend.

The story shared by the OP is a very clear example of how someone can leave everything behind and believe they have a chance to pursue a particular lifestyle when the success they have gotten so far is incredibly small, in a way this reminds me of all examples of people that try to become movie stars, they leave everything behind only to be disappointed by the results they get, and I will be honest if I was one of his friends I will not want to have anything to do with him, as someone that does what he did to his friends is someone that does not deserve that friendship at all.

[Negotiation]

~snip~

The guy you told us about was too naive and arrogant, which is why his gambling experience was so bitter. The winnings clouded his mind and he showed you his true face. Do not do business with him, for such people cannot be loyal for long. If you want to help him, advise him to see a specialist and quit gambling for a while.  

I don't think he can quite gambling so easily after experience such huge and massive  win, the best he can do for himself is to just lay low for some time and let his pride, greed and ego go because that's what actually caused his problem in the first place. Not everyone in the world today knows how to control money so many just let the money control them and its very bad because money amplifies someone character and its bring out the natural character of the person.

Yes the greed of money brings people down a lot, the same thing happened to that person. If a person thinks that he needs a luxurious life after he is comfortable in life, then his greed for money will cease and if one is satisfied with that, then he should not be greedy for money. The bottom line is that unless there is a strong backup of money, there will be greed for money condition for being arrogant.

[AicecreaME]

This is a great example as to why we should learn how to handle financial aspects and take the responsibility on another level. Gambling is a huge risk. It requires a good decision making skills, luck, and sometimes skills. If you will not be disciplined in making bets and in playing, there's a high probability that you will experience the same as the one involved in the personal story OP shared.

Learning from someone's mistake instead of doing it so that you'll learn eventually is a better option. We have to weigh the pros and cons of every action we will do before executing it because it might cause harm than what we expected if we will just decide impulsively. I hope you, OP, learned from your friend's mistake so that the same unfortunate situation won't happen to you.

[jostorres]

Such stories are nothing more than rubbish, witches can't make you lucky or make you win in gambling, your luck and your destiny can't be changed that way. And it does happen when you become lucky and win consecutively for a few days and that is when you start thinking that it might work even after all those days.

But what happens is that you start losing after that winning streak which is always going to happen since it's gambling and it's based on your luck, and no one in the world in my opinion can be lucky all the time in their lives.

Gambling is not something reliable thing which you can trust and use your everything in that,  this thought and act of totally depending on it is foolish .
You can do gambling as fun and with limited resources so that If you loose you don't end up being broke and depress .

Obviously, those who think that witches or some unimaginable power that doesn't even exist might make them lucky or make them win more in gambling are the most foolish people one can ever know. I don't believe in any of that and no one should do, there is no reality in such stories and they are all just made up by people.

Only those who are extremely lucky manage to get winnings from gambling and that too isn't permanent, even the luckiest people start losing after a few days of their winning streak because that's how gambling works.

[aioc]

Only those who are extremely lucky manage to get winnings from gambling and that too isn't permanent, even the luckiest people start losing after a few days of their winning streak because that's how gambling works.

People believe that you can make money from gambling because these so called lucky people only shows their winnings they boast their winning to people because they get satisfaction from boasting their winnings but kept quiet when they are losing, this is one part of compulsive gamblers they derive their happiness from making people believe that they are expert and lucky in gambling, but in reality these compulsive gamblers are knee deep in debt.

I have seen a lot of people creating threads to post their winnings and bragging that they know how to win but they cannot keep up because there are days that they have a long losing run, even if they tried to win they cannot so their thread gets buried because they have a hard time winning again.

[Alucard1]

This is such a great story, there are so many people who may relate on this story, it always happen to anybody who gamble. Whenever we gamble and we keep on winning maybe around 3 streak, then we win again, we will think that it is our lucky day so we wont stop and will still continue playing the game, but then if we get our first lost that time we wont still stop because you are thinking that you still have the money so we will still play until we lost all our money.

Always be mindful whenever we gamble, always remember to be contented, it will really help you in gambling world.
You have to know your limits and when you are going to stop, do not let the gamble controls you but you should be the one who need to control it.

[Botnake]

I have seen a lot of people creating threads to post their winnings and bragging that they know how to win but they cannot keep up because there are days that they have a long losing run, even if they tried to win they cannot so their thread gets buried because they have a hard time winning again.

Agree, I don't know what's up with these people who keep on making some thread to share their winnings because I'm somehow confused between the lines where I'm not sure if they are bragging or just wanted to be famous (even if that is not really achievable by doing those kind of things). Even the so-called professional gamblers are not exempted from loss, they too have their own share of defeats in gambling but the beauty about them is that they know how to control and know how to bounce back from that loss so that their status will be maintained.

[maydna]

I have seen a lot of people creating threads to post their winnings and bragging that they know how to win but they cannot keep up because there are days that they have a long losing run, even if they tried to win they cannot so their thread gets buried because they have a hard time winning again.

Agree, I don't know what's up with these people who keep on making some thread to share their winnings because I'm somehow confused between the lines where I'm not sure if they are bragging or just wanted to be famous (even if that is not really achievable by doing those kind of things). Even the so-called professional gamblers are not exempted from loss, they too have their own share of defeats in gambling but the beauty about them is that they know how to control and know how to bounce back from that loss so that their status will be maintained.

It's normal for people to keep sharing their big win stories with others. Perhaps, they want to show that they are really good at betting and want others to follow suit. But unfortunately, they don't provide or show info when they lose and choose to remain silent for a while. There are many people like this, and we must be careful if we want to follow the stakes and only bet using the money we can afford. Meanwhile, people who often bet on sports betting or casinos understand that winning will not always be on their side, so they must be prepared if they lose. And they are the ones who know how to deal with gambling and won't gamble if they don't want to.

[pawanjain]

Consistency is the key to many dreams but not gambling. Gambling shouldn't even be considered as a way to get an income.
It is something we do for fun and I personally think returns from gambling are a way to gamble for a longer time.
When we get profits we use it to gamble further until eventually we all lose it all.

[dezoel]

Only those who are extremely lucky manage to get winnings from gambling and that too isn't permanent, even the luckiest people start losing after a few days of their winning streak because that's how gambling works.

People believe that you can make money from gambling because these so called lucky people only shows their winnings they boast their winning to people because they get satisfaction from boasting their winnings but kept quiet when they are losing, this is one part of compulsive gamblers they derive their happiness from making people believe that they are expert and lucky in gambling, but in reality these compulsive gamblers are knee deep in debt.

I have seen a lot of people creating threads to post their winnings and bragging that they know how to win but they cannot keep up because there are days that they have a long losing run, even if they tried to win they cannot so their thread gets buried because they have a hard time winning again.

It probably does give them a sort of satisfaction when others envy their wins and praise them for being so lucky, even if they are not really lucky and everyone once in a blue moon manages to get some winnings which is not a big deal, a big deal would be if your win over loss ratio is high and you are not still recovering from what you've lost in the past.

A real honest gambler will always declare their losses as well and admit that even if they've managed to hit big this time, they have seen a lot of loss streaks as well in the past and now it feels good to finally win something.

[Casdinyard]

Can't really vouch nor confirm the validity of your story but that doesn't make the message all the less relevant. Just a couple of weeks ago I saw someone in this very board asking for ways to earn $100 consistently through gambling, which is of course a farfetched dream and a miracle that will never happen. This is a sentiment to everyone who sees gambling as a way to earn more money.

You can't earn consistently with gambling. Ultimately all the money that thebcasino gave you through your wins and prizes, they're bound to take back somewhere. You're not the next slumdog millionaire, so don't push your luck and find a better way to earn more income rather than hoping your luck favors you.

[Silberman]

It probably does give them a sort of satisfaction when others envy their wins and praise them for being so lucky, even if they are not really lucky and everyone once in a blue moon manages to get some winnings which is not a big deal, a big deal would be if your win over loss ratio is high and you are not still recovering from what you've lost in the past.

A real honest gambler will always declare their losses as well and admit that even if they've managed to hit big this time, they have seen a lot of loss streaks as well in the past and now it feels good to finally win something.

It is very common for people to share their success stories and to hide their failures, and this is not exclusive to gambling, just take a look at social media and you will get what I mean, in there you will find people bragging about all their accomplishments and if you took them by their words you would think that the majority of the people are living their dream life, but that is a lie, most people only tell you the good side of the story, they never tell you all the bad things that happened to them, and gamblers are not an exception to this, they are very eager to share that one time in which everything went their way, but they never tell you about the countless sessions in which this was not the case.

[Poker Player]

1st day, he won $670+
2nd day, he won $702+
3rd day, he won $692+
This are the ones I know and saw the slip myself...
...
Long story short, 2 months after the whole winning spree, this guy lost everything back to casinos where he gambled on, he made gambling his day job, probably increased his bets so as to win more,  but as of today, this guy is joblessly roaming the streets, depend solely on friends to feed, as of yesterday when I overheard him discussing with some one I am also close to, he was asking to help him look for a Job, that what he planned didn't work out - what ever he planned that didn't work out, I don't know, but this is a lesson for us all to learn from.

I feel sorry for your friend but the first thing to say here is that he has no idea about the underlying mathematics of gambling, otherwise there is no way he would have quit his job for a simple short-term positive streak. Your friend got lucky despite having the odds against him and not because he had a special skill or anything.

If people knew the meaning of expected value and were aware that casino games are negative expected value, these things would not happen.

Can't really vouch nor confirm the validity of your story but that doesn't make the message all the less relevant. Just a couple of weeks ago I saw someone in this very board asking for ways to earn $100 consistently through gambling, which is of course a farfetched dream and a miracle that will never happen.

Yes, I saw it too. In that thread I explained that even in poker, which is a game where you can win money consistently and in the long term, winning $100 a day (on average) is very difficult, within reach of few, you would have to have a good bankroll, and play many hands. Actually, as the OP put it, with a bankroll of $2K it is practically impossible, and with a higher bankroll, only within the reach of a few after many years of study, practice and effort.

[alastantiger]

But in my perspective, expecting to consistently win at gambling is being greedy. It's similar to expecting a guaranteed constant profit in business. There will always be times when you win and times when you lose. You start saving during your winning streak.
You claim that the individual in issue is greedy and that he allowed his love of money to sabotage his potential or, to put it another way, his luck.
His reliance on gambling as a source of income was his worst error. Let's hope he took this as a lesson.

[Ryu_Ar1]

But in my perspective, expecting to consistently win at gambling is being greedy. It's similar to expecting a guaranteed constant profit in business. There will always be times when you win and times when you lose. You start saving during your winning streak.
You claim that the individual in issue is greedy and that he allowed his love of money to sabotage his potential or, to put it another way, his luck.
His reliance on gambling as a source of income was his worst error. Let's hope he took this as a lesson.

I agree with this because it is precisely by expecting things like this that will make the ego even bigger which only leads to emotional things that make the intention in gambling far away and will actually make us lose.
Even though in this case expecting victory is not wrong but in other conditions, we must realize that concepts like this clearly will not be accepted especially with conditions where we know that gambling we clearly will not be able to beat the bookie.

[Davidvictorson]

Gambling is not a business, and neither should you ever take it as a day job, in reference to this thread - it is likely impossible to make a consistent winning from gambling, there are day you win, even much more than $100, and there are days you will lose it all, to make a consistent $100 or more every day in gambling is a mirage, wishful thinking that might never happen.

Gambling is a form of entertainment and should only be seen as that. It is neither a primary source of income nor a side hustle. It is purely based on luck and chance events. Anyone who looks up to gambling as a source of income is eda a beginner or someone looking for something who will certainly get disappointed in the end. Lastly the moment you feel that you cannot control your gambling or talk to someone about it I'm sick for help.

[SirLancelot]

Can't really vouch nor confirm the validity of your story but that doesn't make the message all the less relevant. Just a couple of weeks ago I saw someone in this very board asking for ways to earn $100 consistently through gambling, which is of course a farfetched dream and a miracle that will never happen. This is a sentiment to everyone who sees gambling as a way to earn more money.

You can't earn consistently with gambling. Ultimately all the money that thebcasino gave you through your wins and prizes, they're bound to take back somewhere. You're not the next slumdog millionaire, so don't push your luck and find a better way to earn more income rather than hoping your luck favors you.

The thread you are talking about is still pretty active, what the guy was aiming for was to spend earn that much every day with a capital or bankroll of $2,000, which if possible, everyone would be doing by now and get rich in no time. $100 a day might not sound that much but for every day on a constant basis, it is more than enough.

In a third-world country, you can live a luxurious life with $3,000 a month, so that obviously is a lot of money for a lot of people. The point is, it's not possible to have consistent winnings from gambling.

[Z390]

This is stupidity at it's finest, how can one leave his job for gambling? Something that doesn't rely on your skill or hard work, gambling is completely a gamble, hundred percent on luck, how can one take this as a month salary earning job? LMAO

I don't feel pity for this fellow or anyone who do the same, there is no other words to describe this than stupidity, he deserves everything that happened to him, he is also greedy but that's normal, something you can learn the hard way but losing your job because you believe that gambling is the answer is crazy.

[Mahanton]

Can't really vouch nor confirm the validity of your story but that doesn't make the message all the less relevant. Just a couple of weeks ago I saw someone in this very board asking for ways to earn $100 consistently through gambling, which is of course a farfetched dream and a miracle that will never happen. This is a sentiment to everyone who sees gambling as a way to earn more money.

You can't earn consistently with gambling. Ultimately all the money that thebcasino gave you through your wins and prizes, they're bound to take back somewhere. You're not the next slumdog millionaire, so don't push your luck and find a better way to earn more income rather than hoping your luck favors you.

The thread you are talking about is still pretty active, what the guy was aiming for was to spend earn that much every day with a capital or bankroll of $2,000, which if possible, everyone would be doing by now and get rich in no time. $100 a day might not sound that much but for every day on a constant basis, it is more than enough.

In a third-world country, you can live a luxurious life with $3,000 a month, so that obviously is a lot of money for a lot of people. The point is, it's not possible to have consistent winnings from gambling.

When we do speak about 3rd world countries then these amounts would really be that significant on which $100 could even might a one month salary for some which i've known some people or friends who do a job
for this particular amount on month basis. If we do talk about earning on daily then it would really be that having an extravagant way of living but for those who do live on 1st world then it would really be just that a dust amount to consider. If someone do make out some considerations on having a huge capital just aiming to get $100 per day then i would say that it would be only viable if you do make yourself that deal up with
sports betting or would really be engaging with card games like poker but of course it would really be depending on your skills and it is something that cant really be that just that everyone could be able to attain.

To the fact that no matter how skillful you are, you would really be that still having no guarantees whether you would really be winning or not.We know that gambling isnt really that something that you could
really assure because of the risks involved which it isnt something that recommendable on thinking up this way. It doesnt really fit out on the category on which you would really
be making this as a living. You cant really be sure  off and its not good on having these considerations.

[Vaskiy]

This is stupidity at it's finest, how can one leave his job for gambling? Something that doesn't rely on your skill or hard work, gambling is completely a gamble, hundred percent on luck, how can one take this as a month salary earning job? LMAO

I don't feel pity for this fellow or anyone who do the same, there is no other words to describe this than stupidity, he deserves everything that happened to him, he is also greedy but that's normal, something you can learn the hard way but losing your job because you believe that gambling is the answer is crazy.

Even the greedy gambler won't do such mistake. When someone is new to gambling we can see similar incident taking place, because they have an understanding through gambling we can be rich. Spending for few days itself gives the perfect understanding, it is really hard to make big money or lead life with gambling. Everytime we can't be lucky and any circumstances it won't assure consistent earning.

As said one can be felt pity, when something is done without proper knowledge or understanding. A person leaving his job is the extreme of being a fool. Atleast he could've sustained in the job and spend on gambling.

[BitcoinAccepted]

Everyone has the pattern of contempt that he can earn/win money with gambling. It goes wrong the moment a gambler thinks he has made money, he then experiences as if it was a day's work at the office. Then things go wrong, because you tell yourself that you are good at it and losing is not going to happen. We all have the moments when we lose, the only question then is how cool do you keep yourself and can you limit yourself by not betting big? Gamblers who occasionally make money gambling at a sportsbook can only play profitably if they learn how to accept losses. But few succeed, if you even get that far to achieve a positive ROI.

[Quidat]

This is stupidity at it's finest, how can one leave his job for gambling? Something that doesn't rely on your skill or hard work, gambling is completely a gamble, hundred percent on luck, how can one take this as a month salary earning job? LMAO

I don't feel pity for this fellow or anyone who do the same, there is no other words to describe this than stupidity, he deserves everything that happened to him, he is also greedy but that's normal, something you can learn the hard way but losing your job because you believe that gambling is the answer is crazy.

Even the greedy gambler won't do such mistake. When someone is new to gambling we can see similar incident taking place, because they have an understanding through gambling we can be rich. Spending for few days itself gives the perfect understanding, it is really hard to make big money or lead life with gambling. Everytime we can't be lucky and any circumstances it won't assure consistent earning.

As said one can be felt pity, when something is done without proper knowledge or understanding. A person leaving his job is the extreme of being a fool. Atleast he could've sustained in the job and spend on gambling.

Learning is always on the end and regrets would really be always on the end of the line or on the time that you wont really be having any money on your pocket for you to play on. Just let those people who do have  that kind of mindset on which they would sooner or later would be realizing on what the mistakes that they have done. There's no such thing about constant winning in gambling because if this one is really that indeed possible then we would really be all rich or lots of gamblers would really be making themselves financially free,but as we can see on the reality on which there's no way
for it to be real. Dont make yourself that delusional on these kind of things because it would really be just making you desperate.

[o48o]

-cut-
Gambling is not a business, and neither should you ever take it as a day job, in reference to this thread - it is likely impossible to make a consistent winning from gambling, there are day you win, even much more than $100, and there are days you will lose it all, to make a consistent $100 or more every day in gambling is a mirage, wishful thinking that might never happen.

Feel free to chip in your contribution.

Long time ago i heard a story from an old gambler. He told that right at the start of his gambling "career" he won a huge jackpot. I thought to myself that maybe i would be that lucky some day, but he stared at me and said that at the time he didn't realize that it would be his biggest loss.

What he meant by that was that now there was a seed in his head that this would be possible for him to recreate by gambling so he kept on gambling and never got the jackpot again. We don't understand very low odds not to mention 1:10M odds. And when we are not happy and quit after getting filthy rich, we are never going to quit. So the guy was in loss already after gambling high stakes after it, and when you have a seed in your head about some huge win and how that's possible to achieve, you keep on reaching it again when you should count your blessings instead.

Gambling is for fun, not for living.

[Frankolala]

He is not wise for him to think that gambling can be used to replace his job. He is also a greedy person, that is why he forgot that he can't keep on winning all the time there must be an unlucky day in gambling,which is higher that your lucky day.

If he is broke now and roaming around the streets, he deserves it so that next time he won't be arrogant and proud if he wins big. This is the result of how someone who don't understand the pros and cons of gambling with end up. Gambling should be seen as fun and not for making money to avoid regretting our actions.

[romero121]

-cut-
Gambling is not a business, and neither should you ever take it as a day job, in reference to this thread - it is likely impossible to make a consistent winning from gambling, there are day you win, even much more than $100, and there are days you will lose it all, to make a consistent $100 or more every day in gambling is a mirage, wishful thinking that might never happen.

Feel free to chip in your contribution.

Long time ago i heard a story from an old gambler. He told that right at the start of his gambling "career" he won a huge jackpot. I thought to myself that maybe i would be that lucky some day, but he stared at me and said that at the time he didn't realize that it would be his biggest loss.

What he meant by that was that now there was a seed in his head that this would be possible for him to recreate by gambling so he kept on gambling and never got the jackpot again. We don't understand very low odds not to mention 1:10M odds. And when we are not happy and quit after getting filthy rich, we are never going to quit. So the guy was in loss already after gambling high stakes after it, and when you have a seed in your head about some huge win and how that's possible to achieve, you keep on reaching it again when you should count your blessings instead.

Gambling is for fun, not for living.

There are people who understands well about gambling and have plans accordingly. Most of the gamblers have similar mentality to win big. Human minds never gets satisfied and the same is being utilised. Whether the winning is big or small we should enjoy it than focusing on something specific. It isn't a career or a dream to run behind. As the final statement says, Gambling is for fun and not for living.

Almost everyone could've had similar incident. I entered just with $1000 with the eager to multiply it to $2000. Lost it on the same day and I was able to make it $5000 the same day with another $1000. This made my day and from there I've been losing. I don't know, whether it is happening normally or for some reason. But, these things drive more people towards gambling and loss big money.

[Hispo]

He is not wise for him to think that gambling can be used to replace his job. He is also a greedy person, that is why he forgot that he can't keep on winning all the time there must be an unlucky day in gambling,which is higher that your lucky day.

If he is broke now and roaming around the streets, he deserves it so that next time he won't be arrogant and proud if he wins big. This is the result of how someone who don't understand the pros and cons of gambling with end up. Gambling should be seen as fun and not for making money to avoid regretting our actions.

I am afraid that anyone going through a situation like that could have no "next time", usually people in that situation needs people who care about them so they can recover through support and intervention and he destroyed his friendships as soon as he thought he was above all of them.

From now on, if he does not ask for forgiveness and becomes humble, his life may turn into a descent into crime.  I wonder what all his family thinks of him, by the way.

[jostorres]

But in my perspective, expecting to consistently win at gambling is being greedy. It's similar to expecting a guaranteed constant profit in business. There will always be times when you win and times when you lose. You start saving during your winning streak.
You claim that the individual in issue is greedy and that he allowed his love of money to sabotage his potential or, to put it another way, his luck.
His reliance on gambling as a source of income was his worst error. Let's hope he took this as a lesson.

I don't think one should compare gambling with a business. You can of course expect constant guaranteed profit from a business as long as you have worked very hard on it and have made it reach a position where you know you have enough returning customers and new customers and you will surely always be in the business if you constantly work on it.

On the other hand, no matter what you do, there is no guarantee for you to have constant profits in gambling and there will always be days when you lose and you might win some days because gambling is purely based on luck.

[Slow death]

after I made a post on this thread, and today I saw it again I was curious to know more about the people who already lost everything in gambling, they also thought that they would have consistent gains, but unfortunately the reality is that you don't make money with gambling bad luck, for example in these cases:

Biggest Gambling Losses Ever: Horrific Gambling Stories About Gamblers Who Lost It All




Charles Barkley

Total amount gambled: $30 million
Incurred losses: $30 million
Game of choice: Baccarat, Roulette, Dice, Blackjack

see that he deposited 30 million and lost everything, he won nothing

Maureen O’Connor

Total amount gambled: $1 billion
Incurred losses: $13 million

according to the article she was very good at gambling and that's why she didn't lose much but still she kept asking her husband to give her money from his charitable foundation so she would take the money and go gamble, this is a great example of how far a gaming addict will go to keep playing

Harry Kakavas

Total amount gambled: $1.43 billion
Incurred losses: $20.5 million

this guy was someone very skilled in gambling, according to the article he played for 16 months and managed to win $1.43 billion, but he lost 20 million, compared to the profit he had losing 20 million was not something to worry about, this is also a very interesting fact and rare case, unlike most people who leave casinos with high losses he left the casino with high profit, luckily for him, but people shouldn't copy this guy, hardly anyone can achieve that success nowadays, winning at the casino is a very difficult task, not to say impossible

In this article, there are many stories of people's failures in gambling, only a single person succeeded in gambling, which shows how clearly it is something very difficult to make a profit in the casino, rich people can afford to gamble for fun and losing more than 1 million dollars, but for someone poor to play for a long time with the hope of constant profits can lead to bankruptcy, addiction and end up in suicide or jail. It is easy for a person to become addicted to gambling, and it is very difficult for a person to kick the habit. I hope people don't play thinking they'll make a profit, they play for fun

[stomachgrowls]

-cut-
Gambling is not a business, and neither should you ever take it as a day job, in reference to this thread - it is likely impossible to make a consistent winning from gambling, there are day you win, even much more than $100, and there are days you will lose it all, to make a consistent $100 or more every day in gambling is a mirage, wishful thinking that might never happen.

Feel free to chip in your contribution.

Long time ago i heard a story from an old gambler. He told that right at the start of his gambling "career" he won a huge jackpot. I thought to myself that maybe i would be that lucky some day, but he stared at me and said that at the time he didn't realize that it would be his biggest loss.

What he meant by that was that now there was a seed in his head that this would be possible for him to recreate by gambling so he kept on gambling and never got the jackpot again. We don't understand very low odds not to mention 1:10M odds. And when we are not happy and quit after getting filthy rich, we are never going to quit. So the guy was in loss already after gambling high stakes after it, and when you have a seed in your head about some huge win and how that's possible to achieve, you keep on reaching it again when you should count your blessings instead.

Gambling is for fun, not for living.

There are people who understands well about gambling and have plans accordingly. Most of the gamblers have similar mentality to win big. Human minds never gets satisfied and the same is being utilised. Whether the winning is big or small we should enjoy it than focusing on something specific. It isn't a career or a dream to run behind. As the final statement says, Gambling is for fun and not for living.

Almost everyone could've had similar incident. I entered just with $1000 with the eager to multiply it to $2000. Lost it on the same day and I was able to make it $5000 the same day with another $1000. This made my day and from there I've been losing. I don't know, whether it is happening normally or for some reason. But, these things drive more people towards gambling and loss big money.

Someone whose been aware on whats the risks and whats gambling in the first place wouldn't really be ending up on pointing out fingers or to someone whom they could blame off with. You cant really be ending up
on this one if you are really just that aware on what you've been doing. Just dont make yourself do spend on what you cant afford to lose on which most gamblers do really ended up.This is why its better to be sensible when it comes into your actions because you cant really that able to tell on what would be the outcome and this is why you should really be that sensible towards on what you've been doing.

Gambling does impose huge risks and it is really just intended for fun which most likely you would really be that on the losing side in the end of the day. Some people are really just that  anticipating or expecting out
too much on the time that they would really be getting some winning streaks, on which they would really be having those thoughts on getting rich in no time. Once you do start up with this kind of mindset then
you would definitely making out some actions afterwards on which it would really be not so shocking if you would really be ending up on a disaster or simply
would be able to see different outcome.

[Fivestar4everMVP]

after I made a post on this thread, and today I saw it again I was curious to know more about the people who already lost everything in gambling, they also thought that they would have consistent gains, but unfortunately the reality is that you don't make money with gambling bad luck, for example in these cases:

Biggest Gambling Losses Ever: Horrific Gambling Stories About Gamblers Who Lost It All

A very great article indeed, and one i believe every gambler must learn a thing or two from, gambling is one of the ways to have fun, but like they say that too much of everything is bad.
From what I've personally experienced, gambling is always exciting until we begin to attach emotion it, that is emotion can come in form of need to  make profit at all cost, which is when we begin to realize that we are loosing money, and this realization triggers an urge that pushes us to want to at least, win back the money we've lost, this is where chasing after losses come into play, and little by little, addiction sets in..

This is a warning we all must never stop sounding to the gambling community, in as much as some times, we want to make some profit gambling, gamble with your head and not your heart, for the moment you start gambling through your heart, be rest assured you've just began your journey on the path of destruction.

[seleme]

But in my perspective, expecting to consistently win at gambling is being greedy. It's similar to expecting a guaranteed constant profit in business. There will always be times when you win and times when you lose. You start saving during your winning streak.
You claim that the individual in issue is greedy and that he allowed his love of money to sabotage his potential or, to put it another way, his luck.
His reliance on gambling as a source of income was his worst error. Let's hope he took this as a lesson.

I don't think one should compare gambling with a business. You can of course expect constant guaranteed profit from a business as long as you have worked very hard on it and have made it reach a position where you know you have enough returning customers and new customers and you will surely always be in the business if you constantly work on it.

On the other hand, no matter what you do, there is no guarantee for you to have constant profits in gambling and there will always be days when you lose and you might win some days because gambling is purely based on luck.

It is true for businesses but no one can say the same on the gambling industry where everything is well calculated and dedicated in favor of the house. Eventually, that person will lose everything on day if he can't quit gambling while being profitable on the same gambling strategy. There is no guarantee and it leads to addiction at one point. I suggest reading some horror gambling stories on the Reddit platform to find out what is the reason gamblers fail sooner or later.

[AmoreJaz]

after I made a post on this thread, and today I saw it again I was curious to know more about the people who already lost everything in gambling, they also thought that they would have consistent gains, but unfortunately the reality is that you don't make money with gambling bad luck, for example in these cases:

Biggest Gambling Losses Ever: Horrific Gambling Stories About Gamblers Who Lost It All

A very great article indeed, and one i believe every gambler must learn a thing or two from, gambling is one of the ways to have fun, but like they say that too much of everything is bad.
From what I've personally experienced, gambling is always exciting until we begin to attach emotion it, that is emotion can come in form of need to  make profit at all cost, which is when we begin to realize that we are loosing money, and this realization triggers an urge that pushes us to want to at least, win back the money we've lost, this is where chasing after losses come into play, and little by little, addiction sets in..

This is a warning we all must never stop sounding to the gambling community, in as much as some times, we want to make some profit gambling, gamble with your head and not your heart, for the moment you start gambling through your heart, be rest assured you've just began your journey on the path of destruction.

it is fun and entertaining if you are using your spare money in your games. but when you are using your money to pay for your bills, that's more exciting because you have your adrenaline rush and the aim to win is much higher.  but that's not really a good example as we all know. gambling is gambling. so no guarantee of winning here. treat it as a lost money so you won't expect anything. but guess what, people have their high expectations as. some treat this as their possible saviour from debt or any money-related compromises...sadly

[lionheart78]

He is not wise for him to think that gambling can be used to replace his job. He is also a greedy person, that is why he forgot that he can't keep on winning all the time there must be an unlucky day in gambling,which is higher that your lucky day.

Every day is not a sunny day.  The same goes with gambling.  You might have a streak of luck for days but eventually, luck will expire leaving us with a series of losses.  we all know that gambling result is random, and this does not exclude sports betting.  The proof is the upset wins recorded in sports.  So relying in gambling to replace our day job is the worst decision.

If he is broke now and roaming around the streets, he deserves it so that next time he won't be arrogant and proud if he wins big. This is the result of how someone who don't understand the pros and cons of gambling with end up. Gambling should be seen as fun and not for making money to avoid regretting our actions.

I don't think people deserve to suffer but no one to be blamed if that person becomes broke but himself.  His poor decision had made cost him his job and his gambling addiction had cost him to lose his money.  I think it is not late to change for this person.  He still has his knowledge and skills, he can apply for a job to meet his needs.  He just needs to change for the better and support from someone close to him to straighten his life.

[Cryptock]

He is not wise for him to think that gambling can be used to replace his job. He is also a greedy person, that is why he forgot that he can't keep on winning all the time there must be an unlucky day in gambling,which is higher that your lucky day.

Every day is not a sunny day.  The same goes with gambling.  You might have a streak of luck for days but eventually, luck will expire leaving us with a series of losses.  we all know that gambling result is random, and this does not exclude sports betting.  The proof is the upset wins recorded in sports.  So relying in gambling to replace our day job is the worst decision.

If he is broke now and roaming around the streets, he deserves it so that next time he won't be arrogant and proud if he wins big. This is the result of how someone who don't understand the pros and cons of gambling with end up. Gambling should be seen as fun and not for making money to avoid regretting our actions.

I don't think people deserve to suffer but no one to be blamed if that person becomes broke but himself.  His poor decision had made cost him his job and his gambling addiction had cost him to lose his money.  I think it is not late to change for this person.  He still has his knowledge and skills, he can apply for a job to meet his needs.  He just needs to change for the better and support from someone close to him to straighten his life.

most of the time people make fun of the person who has been fooled
But we must not do that - we must curse the culpert and support the victum

[Wexnident]

of yesterday when I overheard him discussing with some one I am also close to, he was asking to help him look for a Job, that what he planned didn't work out - what ever he planned that didn't work out, I don't know, but this is a lesson for us all to learn from.

I can already feel that this "plan" of his was getting rich off of gambling. I mean, it isn't that impossible from his pov, it already happened once after all. Sadly that "once" would probably be the maximum chances of his successfully being one through it.

I've made the same mistake before, not through gambling but well, thinking that money was easily gained after getting an opportunity, it wasn't long lasting though and after a few weeks I was luckily able to realize how dumb I was in assuming everything would remain the same till the end, so I don't really blame him. Even if he saw it happen to someone else and vow not to become one, some events just tend to push us in becoming really short sighted.

[slapper]

-cut-
Gambling is not a business, and neither should you ever take it as a day job, in reference to this thread - it is likely impossible to make a consistent winning from gambling, there are day you win, even much more than $100, and there are days you will lose it all, to make a consistent $100 or more every day in gambling is a mirage, wishful thinking that might never happen.

Feel free to chip in your contribution.

Long time ago i heard a story from an old gambler. He told that right at the start of his gambling "career" he won a huge jackpot. I thought to myself that maybe i would be that lucky some day, but he stared at me and said that at the time he didn't realize that it would be his biggest loss.

What he meant by that was that now there was a seed in his head that this would be possible for him to recreate by gambling so he kept on gambling and never got the jackpot again. We don't understand very low odds not to mention 1:10M odds. And when we are not happy and quit after getting filthy rich, we are never going to quit. So the guy was in loss already after gambling high stakes after it, and when you have a seed in your head about some huge win and how that's possible to achieve, you keep on reaching it again when you should count your blessings instead.

Gambling is for fun, not for living.

There are people who understands well about gambling and have plans accordingly. Most of the gamblers have similar mentality to win big. Human minds never gets satisfied and the same is being utilised. Whether the winning is big or small we should enjoy it than focusing on something specific. It isn't a career or a dream to run behind. As the final statement says, Gambling is for fun and not for living.

Almost everyone could've had similar incident. I entered just with $1000 with the eager to multiply it to $2000. Lost it on the same day and I was able to make it $5000 the same day with another $1000. This made my day and from there I've been losing. I don't know, whether it is happening normally or for some reason. But, these things drive more people towards gambling and loss big money.

Someone whose been aware on whats the risks and whats gambling in the first place wouldn't really be ending up on pointing out fingers or to someone whom they could blame off with. You cant really be ending up
on this one if you are really just that aware on what you've been doing. Just dont make yourself do spend on what you cant afford to lose on which most gamblers do really ended up.This is why its better to be sensible when it comes into your actions because you cant really that able to tell on what would be the outcome and this is why you should really be that sensible towards on what you've been doing.

Gambling does impose huge risks and it is really just intended for fun which most likely you would really be that on the losing side in the end of the day. Some people are really just that  anticipating or expecting out
too much on the time that they would really be getting some winning streaks, on which they would really be having those thoughts on getting rich in no time. Once you do start up with this kind of mindset then
you would definitely making out some actions afterwards on which it would really be not so shocking if you would really be ending up on a disaster or simply
would be able to see different outcome.

Blame game, anyone? Listen, gambling's a risk, we all know it. So why cry foul when luck deserts us? It's like cursing the ice cream man for those extra pounds—you knew the deal! Sure, be smart, don't go overboard. But let's loosen up, folks. Gambling's all about fun and rolling the dice. Keep your dreams grounded. It's tempting to imagine Scrooge McDuck-level wealth, but let's be honest—most of us won't strike gold. So enjoy, gamble, and don't sweat it.

[JooBra]

of yesterday when I overheard him discussing with some one I am also close to, he was asking to help him look for a Job, that what he planned didn't work out - what ever he planned that didn't work out, I don't know, but this is a lesson for us all to learn from.

I can already feel that this "plan" of his was getting rich off of gambling. I mean, it isn't that impossible from his pov, it already happened once after all. Sadly that "once" would probably be the maximum chances of his successfully being one through it.

I've made the same mistake before, not through gambling but well, thinking that money was easily gained after getting an opportunity, it wasn't long lasting though and after a few weeks I was luckily able to realize how dumb I was in assuming everything would remain the same till the end, so I don't really blame him. Even if he saw it happen to someone else and vow not to become one, some events just tend to push us in becoming really short sighted.

When you start winning and keep wining for some time (gamble/trading/other stuff) you feel like you can't lose. This is such a delusional state which is hard to predict first time you are in. I had it with trading and if you come from it with minimum loses it's such a worth trade in experience and money related stuff. I'm lucky it happened to me when I was pretty young and didn't lose much money. Be careful when things go bad, and even more careful when things are going good.

[klidex]

Blame game, anyone? Listen, gambling's a risk, we all know it. So why cry foul when luck deserts us? It's like cursing the ice cream man for those extra pounds—you knew the deal! Sure, be smart, don't go overboard. But let's loosen up, folks. Gambling's all about fun and rolling the dice. Keep your dreams grounded. It's tempting to imagine Scrooge McDuck-level wealth, but let's be honest—most of us won't strike gold. So enjoy, gamble, and don't sweat it.

Gambling is just like playing video games we want to play for fun but silly people expect to get big money from playing video games, it is very impossible for us to get it all.
Just like gambling, which should be used as a place for entertainment, people sometimes misunderstand and expect big wins from gambling which can make them become addicted with thoughts of big money or big wins.
But that is very natural for me because some gambling addicts can get worse because they were once lucky to get a big win after that the mindset is always hoping for more and after that the winning money runs out and blames the casino.
I think a person can become a very bad gambling addict because his mind is only thinking about winning big and big money.

[lienfaye]

Gambling is not a business, and neither should you ever take it as a day job, in reference to this thread - it is likely impossible to make a consistent winning from gambling, there are day you win, even much more than $100, and there are days you will lose it all, to make a consistent $100 or more every day in gambling is a mirage, wishful thinking that might never happen.

Indeed. Don't quit your day job for the reason you chose gambling as your main source of income believing you can earn each day by winning consistently. Those who think that way don't know how gambling works to be treated as their source to earn. This is the problem of some gamblers who experienced to win decent amount and decided to be a gambler full time.

Gambling is not a job and should not be treated as one. If you want to gamble, do it for fun because it's more satisfying to win if you less expect it.

[Yamifoud]

Gambling is not a business, and neither should you ever take it as a day job, in reference to this thread - it is likely impossible to make a consistent winning from gambling, there are day you win, even much more than $100, and there are days you will lose it all, to make a consistent $100 or more every day in gambling is a mirage, wishful thinking that might never happen.

Indeed. Don't quit your day job for the reason you chose gambling as your main source of income believing you can earn each day by winning consistently. Those who think that way don't know how gambling works to be treated as their source to earn. This is the problem of some gamblers who experienced to win decent amount and decided to be a gambler full time.

Gambling is not a job and should not be treated as one. If you want to gamble, do it for fun because it's more satisfying to win if you less expect it.

In fact, we have this gambling for the reason to become one of our sources of income or our main source of income but it was just a sort of entertainment. And deciding to quit a job for this is really a big mistake, I can't really imagine doing this because we know the sentiment in gambling gamble more, lose more and win less.

Honestly, we can't rely on our future in luck as it was impossible to survive and have a comfortable life.

[Helena Yu]

When you start winning and keep wining for some time (gamble/trading/other stuff) you feel like you can't lose. This is such a delusional state which is hard to predict first time you are in. I had it with trading and if you come from it with minimum loses it's such a worth trade in experience and money related stuff. I'm lucky it happened to me when I was pretty young and didn't lose much money. Be careful when things go bad, and even more careful when things are going good.

I would say if you're always making money in trading, you can quit your day job, in case you're already make a lot money and you can earn passive income by investing your money you've make from trading. The passive income you get are expected to cover up your daily spending, this mean if your trading goes wrong, you can still life with your passive income. Having a business is a good decision too especially if you're interested in business.

[danherbias07]

after I made a post on this thread, and today I saw it again I was curious to know more about the people who already lost everything in gambling, they also thought that they would have consistent gains, but unfortunately the reality is that you don't make money with gambling bad luck, for example in these cases:

Biggest Gambling Losses Ever: Horrific Gambling Stories About Gamblers Who Lost It All

A very great article indeed, and one i believe every gambler must learn a thing or two from, gambling is one of the ways to have fun, but like they say that too much of everything is bad.
From what I've personally experienced, gambling is always exciting until we begin to attach emotion it, that is emotion can come in form of need to  make profit at all cost, which is when we begin to realize that we are loosing money, and this realization triggers an urge that pushes us to want to at least, win back the money we've lost, this is where chasing after losses come into play, and little by little, addiction sets in..

This is a warning we all must never stop sounding to the gambling community, in as much as some times, we want to make some profit gambling, gamble with your head and not your heart, for the moment you start gambling through your heart, be rest assured you've just began your journey on the path of destruction.

Indeed. It made me stop to read everything clearly.
I didn't know Sir Charles already lost that kind of amount in gambling, I thought he was the guy that would do sports gambling more because that is where his focus is instead of casino games.

Tiger Woods - $58 million. Whew!
Allen Iverson - $200 million. WTH!
These guys wasted a lot of their hard-earned money but I think they have more to spare that's why they can do it. I just don't understand why there's no one stopping them. I mean, my wife would probably leave me if she finds out I am betting $1000 in just one game or one round.  That's just crazy in my world unlike those guys who make millions.

[KTChampions]

~
Harry Kakavas

Total amount gambled: $1.43 billion
Incurred losses: $20.5 million

this guy was someone very skilled in gambling, according to the article he played for 16 months and managed to win $1.43 billion, but he lost 20 million, compared to the profit he had losing 20 million was not something to worry about, this is also a very interesting fact and rare case, unlike most people who leave casinos with high losses he left the casino with high profit, luckily for him, but people shouldn't copy this guy, hardly anyone can achieve that success nowadays, winning at the casino is a very difficult task, not to say impossible
~

Am I the only one who thinks this is some wild nonsense? What losses are we talking about if the dude won 1.43 fucking billion dollars? Probably I have not seen more crooked statistics and erroneous accounting of money. It seems that someone had the task of writing only about losses, so he wrote down even obvious successful cases there under any pretext.

[Silberman]

This is stupidity at it's finest, how can one leave his job for gambling? Something that doesn't rely on your skill or hard work, gambling is completely a gamble, hundred percent on luck, how can one take this as a month salary earning job? LMAO

I don't feel pity for this fellow or anyone who do the same, there is no other words to describe this than stupidity, he deserves everything that happened to him, he is also greedy but that's normal, something you can learn the hard way but losing your job because you believe that gambling is the answer is crazy.

As crazy as it may sound this just shows how weak is the understanding of the subject of probabilities among the general population, anyone with the most basic understand of this topic will know that even when you have the odds against you it is possible to produce profits over the short term, but this is only a temporary thing, and if given enough time then not only you will lose that amount of money but you will lose a part or all your capital, but someone which does not understand probabilities may come to believe their profits can be sustained and they could make a living out of them, a huge mistake of course, which is caused by their ignorance about this topic.

[AicecreaME]

I would say if you're always making money in trading, you can quit your day job, in case you're already make a lot money and you can earn passive income by investing your money you've make from trading. The passive income you get are expected to cover up your daily spending, this mean if your trading goes wrong, you can still life with your passive income. Having a business is a good decision too especially if you're interested in business.

I agree with this.

You can definitely make a passive income from trading especially if you already established your portfolio and if you are really that good in market analysis. Trading requires effort, time, and of course money. It is a risk very much different from gambling because gambling is mainly for entertainment and bonus if you can generate profit. While trading is intended to profit and earn money. Taking advantage of the market volatility, knowing when to buy, sell, and cutloss.

Leaving your job because you can make trading as your everyday means of survival is possible. As a matter of fact, I knew some who did this and has a very stable and financial independent life nowadays. But if you will do it because of gambling, think twice, even ten times because gambling is different. It's mostly based on luck and it couldn't possibly be sustainable for the long run.

[Fortify]

Long story short, 2 months after the whole winning spree, this guy lost everything back to casinos where he gambled on, he made gambling his day job, probably increased his bets so as to win more,  but as of today, this guy is joblessly roaming the streets, depend solely on friends to feed, as of yesterday when I overheard him discussing with some one I am also close to, he was asking to help him look for a Job, that what he planned didn't work out - what ever he planned that didn't work out, I don't know, but this is a lesson for us all to learn from.

Gambling is not a business, and neither should you ever take it as a day job, in reference to this thread - it is likely impossible to make a consistent winning from gambling, there are day you win, even much more than $100, and there are days you will lose it all, to make a consistent $100 or more every day in gambling is a mirage, wishful thinking that might never happen.

Feel free to chip in your contribution.

I think you really need to separate gambling into two categories - bets over which you have some control and bets where you have no control. The vast majority of casino games fall into the second bracket, the casinos have engineered it so they will always win in the long run due to a weighted advantage in their favor - although you might get lucky short term. Then there are skill based games like poker and even sports betting to a degree, where you may be able to eek out a small advantage if you follow some sort of strategy.

[ethereumhunter]

When you start winning and keep wining for some time (gamble/trading/other stuff) you feel like you can't lose. This is such a delusional state which is hard to predict first time you are in. I had it with trading and if you come from it with minimum loses it's such a worth trade in experience and money related stuff. I'm lucky it happened to me when I was pretty young and didn't lose much money. Be careful when things go bad, and even more careful when things are going good.

I would say if you're always making money in trading, you can quit your day job, in case you're already make a lot money and you can earn passive income by investing your money you've make from trading. The passive income you get are expected to cover up your daily spending, this mean if your trading goes wrong, you can still life with your passive income. Having a business is a good decision too especially if you're interested in business.

But the problem is many people have not been able to make money trading but have decided to quit their day jobs. They forget that in trading, there are cycles that make the market go down and they will find it difficult to survive if they don't have enough expertise.

But if they still have their day job, they can use their salary to survive while improving their skills to profit in trading. But passive income is different from trading profits because you get passive income by owning something that can give you money without working. But in gambling, you can not expect getting the win because you may lose many times rather than win.

[Negotiation]

Blame game, anyone? Listen, gambling's a risk, we all know it. So why cry foul when luck deserts us? It's like cursing the ice cream man for those extra pounds—you knew the deal! Sure, be smart, don't go overboard. But let's loosen up, folks. Gambling's all about fun and rolling the dice. Keep your dreams grounded. It's tempting to imagine Scrooge McDuck-level wealth, but let's be honest—most of us won't strike gold. So enjoy, gamble, and don't sweat it.

Gambling is just like playing video games we want to play for fun but silly people expect to get big money from playing video games, it is very impossible for us to get it all.
Just like gambling, which should be used as a place for entertainment, people sometimes misunderstand and expect big wins from gambling which can make them become addicted with thoughts of big money or big wins.
But that is very natural for me because some gambling addicts can get worse because they were once lucky to get a big win after that the mindset is always hoping for more and after that the winning money runs out and blames the casino.
I think a person can become a very bad gambling addict because his mind is only thinking about winning big and big money.

Correct, gambling should never be taken seriously and should be played as a means of entertainment. From an individual's point of view, a gambling addiction can turn a person from losing wealth to bankruptcy in an instant. Since there are gains and losses in the game, it is easy to detect when it is too much. Participating in regular gambling often leads to an addiction to trying to make up for lost money when you lose and the urge to make more money when you win, a never-ending cycle.

[kamvreto]

Correct, gambling should never be taken seriously and should be played as a means of entertainment. From an individual's point of view, a gambling addiction can turn a person from losing wealth to bankruptcy in an instant. Since there are gains and losses in the game, it is easy to detect when it is too much. Participating in regular gambling often leads to an addiction to trying to make up for lost money when you lose and the urge to make more money when you win, a never-ending cycle.

A cycle that will continue if not addressed properly and correctly. When gambling has become an addiction it will be dangerous. it is difficult to get rid of gambling addiction, those who are addicted will feel that every game is a chance to win, but in fact, he always loses and loses. to spend all his money and this will also have an impact on his social life and will be more likely to commit criminal acts to get money so they can do gambling.
Gambling is entertainment and as much as entertainment should be fun, winning or jackpots are just a bonus.

[Cookdata]

Snip

These aspects are often overlooked by many gamblers and also one-time gamblers. By "one-time gamblers," I mean those who only engage in gambling for the sake of having fun from time to time, disregarding the fact that luck is not consistently on their side. Not every day can be like Christmas, and that's why, in all my years of playing, I have never exceeded my predetermined betting budget irrespective of how many winning tickets I may have, I refrain from increasing the amount I allocate for betting. If my usual weekly sportsbook budget is $20, even if all my predictions turn out to be correct, including those with high odds, I ensure that my next stake does not surpass that $20 because over-excitement can make one make a mistake in the next game's pick.

[Peanutswar]

This serves with the outcome of the gambling base on the experience of other people and even you there's a factor that you could lose in gambling and this serves already a lesson but still continuously playing?, its because the factor of the money and the satisfaction the player always got, if you think gambling can give you an instant money this can give you instant lose back all your gains and more on it, no one will give a huge win every day to the gamblers, that's why its called gamble the factor of chance of winning and luck. You can lessen the risk but you cant remove the risk as always there it is.

[bitgolden]

Gambling is not a business, and neither should you ever take it as a day job, in reference to this thread - it is likely impossible to make a consistent winning from gambling, there are day you win, even much more than $100, and there are days you will lose it all, to make a consistent $100 or more every day in gambling is a mirage, wishful thinking that might never happen.

Indeed. Don't quit your day job for the reason you chose gambling as your main source of income believing you can earn each day by winning consistently. Those who think that way don't know how gambling works to be treated as their source to earn. This is the problem of some gamblers who experienced to win decent amount and decided to be a gambler full time.

Gambling is not a job and should not be treated as one. If you want to gamble, do it for fun because it's more satisfying to win if you less expect it.

There is absolutely no reason to have gambling as your main income, that would be the silliest thing anyone can do. There are only a few professional poker players who does that, but aside from that nobody should do that. House always wins is a truth and not a lie, it is backed up by the house edge as well and that means you are going to end up with a loss.

So, if you want to make an income from gambling, then you should either own a casino or should have a lot of gamblers you affiliate networked into a casino so you could make a profit, aside from that there is no reason to keep gambling. I believe that there are very few people in the entire world who can do that and trying to be one of them makes no sense, it just doesn't seem possible mathematically speaking so why risk it?

[CryptSafe]

There is a saying that says "pride goes  before failure" that was the attribute of the young man. Arrogance and ignorance altogether made him crumbled and that is the root of his challenges encountered.
There is also a sayings that says "do not forget the days if your humble beginning" he ignored his friends as result of his stupidity. Forget his early struggling days with his friends just because of the feelings that he has arrived and it has landed him in a pool of regrets.

However, it is wisely advised to gamble responsibly. If he had been with his friends, I believe they  would have advised him. These kind of people are the type that easily get distracted when a little change enters their pockets. As you can see for yourself, he Messed up to the point of resigning his job and not even thinking of starting up a business for himself and that is where he landed himself hoping on gambling wins to sustain him without having a thought of the future.
This should be a big lesson for him to learn since he choose to be deaf ears.

[piebeyb]

This serves with the outcome of the gambling base on the experience of other people and even you there's a factor that you could lose in gambling and this serves already a lesson but still continuously playing?, its because the factor of the money and the satisfaction the player always got, if you think gambling can give you an instant money this can give you instant lose back all your gains and more on it, no one will give a huge win every day to the gamblers, that's why its called gamble the factor of chance of winning and luck. You can lessen the risk but you cant remove the risk as always there it is.

Yes, that's why gambling has to learn from the experiences of other people or yourself, after all to be consistent is difficult if you haven't been able to control yourself or get rid of greed as a human being, sometimes when you win you don't feel satisfied so you keep playing until the end until you finally lose your winnings again, that is the risk of playing gambling.

When playing, we also have to play with the risk of not always winning every day, sometimes when we experience defeat, we should be able to learn that as a lesson not to repeat it in the next game, after all, gambling is not a place to make instant money, so just play and enjoy the process, because we know will not be able to get wins consistently.

[Franctoshi]

A supposed friend, he working and has been gambling for a while, recently got lucky, won consistently for 3 good days consecutively..

1st day, he won $670+
2nd day, he won $702+
3rd day, he won $692+
This are the ones I know and saw the slip myself...



Long story short, 2 months after the whole winning spree, this guy lost everything back to casinos where he gambled on, he made gambling his day job, probably increased his bets so as to win more,  but as of today, this guy is joblessly roaming the streets, depend solely on friends to feed, as of yesterday when I overheard him discussing with some one I am also close to, he was asking to help him look for a Job, that what he planned didn't work out - what ever he planned that didn't work out, I don't know, but this is a lesson for us all to learn from.

That's very sure you can't win regularly all the time, what matters is if comparing your wining rate to lost rate, if wining rate is higher you still on the profit side despite losing some.
This scenario is what I experienced from a trade that I took today,  had a straight winning run that got me some reasonable amount of dollars, but guess what, instead of me taking a rest for the day, and due to some times one can just act stupid, I ended losing the profit plus my side of money. Once you've gotten a reasonable amount of winning,  don't be too confident to place further bets take a break and do fresh a calculation next day or more.

[monedauno]

Your question deserves a longer explanation: 
 
 
"I like your story. 
I have a plan: 
1\. What will be your first impression after this story, what will be your own expectations after that? 
2\. Do you think gambling will make us feel like we are making money? 
 
"The answer to that question is your decision." 
 
"The answer is no, there's no guarantee wbling games. And if we don't give up then we won't win the games." 
 
If you're a gambler, you have to decide what to believe about this story, how to handle it correctly and honestly. But the second thing is that if you can't be honest with yourself then you will face up to the problem of having a gambling problem. You can't make your decision based on a misunderstanding or misunderstanding of what you're doing but you can be a good role model with your friends.

[maydna]

A supposed friend, he working and has been gambling for a while, recently got lucky, won consistently for 3 good days consecutively..

1st day, he won $670+
2nd day, he won $702+
3rd day, he won $692+
This are the ones I know and saw the slip myself...

Long story short, 2 months after the whole winning spree, this guy lost everything back to casinos where he gambled on, he made gambling his day job, probably increased his bets so as to win more,  but as of today, this guy is joblessly roaming the streets, depend solely on friends to feed, as of yesterday when I overheard him discussing with some one I am also close to, he was asking to help him look for a Job, that what he planned didn't work out - what ever he planned that didn't work out, I don't know, but this is a lesson for us all to learn from.

That's very sure you can't win regularly all the time, what matters is if comparing your wining rate to lost rate, if wining rate is higher you still on the profit side despite losing some.
This scenario is what I experienced from a trade that I took today,  had a straight winning run that got me some reasonable amount of dollars, but guess what, instead of me taking a rest for the day, and due to some times one can just act stupid, I ended losing the profit plus my side of money. Once you've gotten a reasonable amount of winning,  don't be too confident to place further bets take a break and do fresh a calculation next day or more.

If we compare the rate of loss with the rate of win, we should already be aware that our rate will be greater than the rate of win. And that should have made us know that gambling is not a place to make money, but we can still play gambling with restrictions. We can only increase our win rate just by luck, but unfortunately, luck will not always come your way.

If you can already make a profit, it would be better if you stop immediately to calm down because that will make you very happy. But unfortunately, we forget to do that and instead continue because we hope to get more profit. And that happens to many people along the way, and they still don't realize it.

[rahmad2nd]

Snip

These aspects are often overlooked by many gamblers and also one-time gamblers. By "one-time gamblers," I mean those who only engage in gambling for the sake of having fun from time to time, disregarding the fact that luck is not consistently on their side. Not every day can be like Christmas, and that's why, in all my years of playing, I have never exceeded my predetermined betting budget irrespective of how many winning tickets I may have, I refrain from increasing the amount I allocate for betting. If my usual weekly sportsbook budget is $20, even if all my predictions turn out to be correct, including those with high odds, I ensure that my next stake does not surpass that $20 because over-excitement can make one make a mistake in the next game's pick.

If that's true, you are one of those people who have a very high level of consistency. In fact, to be honest, I didn't do as well as you did in betting sessions. by the way, maybe what you apply to yourself may only apply to a few gamblers. and one of them, you yourself.

By the way, everyone/gambler has his own way and like you do with your gambling. I personally, consider gambling to be a part of fun entertainment, especially football betting. in a week there are many matches that are held, we can choose bets on the team we like. it's just me, the bets I make vary greatly depending on my level of confidence in the team I choose. but that does not mean, I expect consistent wins. it's just that, with the little experience I have. plus, always involve insight when conducting research and analysis. which makes, I dare to speculate to bet with a high bankroll.
We all know and even realize that luck is not always on our side. but to minimize defeat, we can involve the resources we have. for example, knowledge, insight, skills and most importantly, knowing what we do. In principle, winning and losing is common in gambling. however, everything returns to the self-control we have. the same way, as you do.

[Fatunad]

Snip

These aspects are often overlooked by many gamblers and also one-time gamblers. By "one-time gamblers," I mean those who only engage in gambling for the sake of having fun from time to time, disregarding the fact that luck is not consistently on their side. Not every day can be like Christmas, and that's why, in all my years of playing, I have never exceeded my predetermined betting budget irrespective of how many winning tickets I may have, I refrain from increasing the amount I allocate for betting. If my usual weekly sportsbook budget is $20, even if all my predictions turn out to be correct, including those with high odds, I ensure that my next stake does not surpass that $20 because over-excitement can make one make a mistake in the next game's pick.

If that's true, you are one of those people who have a very high level of consistency. In fact, to be honest, I didn't do as well as you did in betting sessions. by the way, maybe what you apply to yourself may only apply to a few gamblers. and one of them, you yourself.

By the way, everyone/gambler has his own way and like you do with your gambling. I personally, consider gambling to be a part of fun entertainment, especially football betting. in a week there are many matches that are held, we can choose bets on the team we like. it's just me, the bets I make vary greatly depending on my level of confidence in the team I choose. but that does not mean, I expect consistent wins. it's just that, with the little experience I have. plus, always involve insight when conducting research and analysis. which makes, I dare to speculate to bet with a high bankroll.
We all know and even realize that luck is not always on our side. but to minimize defeat, we can involve the resources we have. for example, knowledge, insight, skills and most importantly, knowing what we do. In principle, winning and losing is common in gambling. however, everything returns to the self-control we have. the same way, as you do.

We know that gambling is really indeed for leisure and its not something that you could really make it as a living on which it would really be that just not the right way on treating it out.
We've seen lots of chances or times on where even on sports betting where upsets could happen on which no matter how in depth your analysis would be but when luck isnt on your side
then you would definitely be having that loss and its not really that shocking at all. NO matter how good you are on sports betting then there's no way that we could be able to avoid losses
because its always been part of the game. You cant really be that so confident that you could really be having that winning state forever.

How much more if we do speak about luck based ones on which risks is much more higher? This is why its really a wrong perception and believes on having that
constant winning does exist. It isnt really gambling after all if we do speak about 100% winning rate which it cant be possible.

[fullhdpixel]

It made me stop to read everything clearly.
I didn't know Sir Charles already lost that kind of amount in gambling, I thought he was the guy that would do sports gambling more because that is where his focus is instead of casino games.

Tiger Woods - $58 million. Whew!
Allen Iverson - $200 million. WTH!
These guys wasted a lot of their hard-earned money but I think they have more to spare that's why they can do it. I just don't understand why there's no one stopping them. I mean, my wife would probably leave me if she finds out I am betting $1000 in just one game or one round.  That's just crazy in my world unlike those guys who make millions.

Sometimes doing the same thing over and over again is boring and that is what sir charles have felt there. He tried something different this time and that is by playing casino games. There are so many celebrities who are reported to be involved in gambling and the amount that they have lost is not shocking anymore to the most of us because they are also earning huge. I won't say those are hard-earned but once you are at the top, earning money would have become an easy task already.

This is the reason why they can recklessly gamble it. They are also a human like us. They have a wife, family, kids, friends which are also concerned about them but if they are able to continue, it only means that they are still playing within their limits.

[QueenVera]

Well I think it is very much possible to live a very comfortable and stable life from gambling  and I've seen and I know personally  someone who lives atkeast a comfortable  life totally  off gambling  and some little business raised from gambling proceeds. He had a daughter  nf a wife and lives in his own house and not rent and he also drives a car and also owns over two unisex saloons and all these were proceeds from gambling and what really matters is how well we live our lives when we make big wins.
I'm sorry your friend got carried away but the truth is that he never made judicious  use of his winnings and that was why he went back to trenches and not necessarily  because he was a gambler.

[ChiBitCTy]

As some have said, and I will echo, gambling can absolutely be a business..but it's not a business for 99% of the people on this planet, and it's also a business that is HIGHLY volatile, so if you are to be a professional gambler (and there are many), then you've got to be able to ride the waves.

That guy from Chicago who was a recent Jeopardy champion is a professional gambler.  He's got an interesting take on how it is to be a pro gambler.- https://www.youtube.com/watch?v=5uzSkEjO7TA

[Ziskinberg]

Well I think it is very much possible to live a very comfortable and stable life from gambling  and I've seen and I know personally  someone who lives atkeast a comfortable  life totally  off gambling  and some little business raised from gambling proceeds. He had a daughter  nf a wife and lives in his own house and not rent and he also drives a car and also owns over two unisex saloons and all these were proceeds from gambling and what really matters is how well we live our lives when we make big wins.
I'm sorry your friend got carried away but the truth is that he never made judicious  use of his winnings and that was why he went back to trenches and not necessarily  because he was a gambler.

But there are only a few who can be successful in making gambling their source of living. The person you know is part of the small percentage who can really make money in gambling. This might inspire some who like to pursue their journey, but setting a limit is very important because it's only for the small percentage, and we can't force ourselves to be a part of it if we don't have the necessary skills.

With luck, you might win, but when we talk about consistent winning, skills are required.

[Silberman]

Well I think it is very much possible to live a very comfortable and stable life from gambling  and I've seen and I know personally  someone who lives atkeast a comfortable  life totally  off gambling  and some little business raised from gambling proceeds. He had a daughter  nf a wife and lives in his own house and not rent and he also drives a car and also owns over two unisex saloons and all these were proceeds from gambling and what really matters is how well we live our lives when we make big wins.
I'm sorry your friend got carried away but the truth is that he never made judicious  use of his winnings and that was why he went back to trenches and not necessarily  because he was a gambler.

I have no doubts there are indeed some gamblers out there which can indeed make a living out of gambling, but how many of those that try actually reach their goal? While the lifestyle may seem attractive to some, very few have what is needed to achieve this goal, and this is because most people are used to work a 9 to 5 kind of job in which they know in advance how much money they are going to be paid, but a professional gambler has no idea at all of how much and when they will earn any money, adding a great deal of uncertainty to their lives.

[Weawant]

He is not wise for him to think that gambling can be used to replace his job. He is also a greedy person, that is why he forgot that he can't keep on winning all the time there must be an unlucky day in gambling,which is higher that your lucky day.

He didn't think about his future when he left his job for just gambling. People that survive just on gambling are very lucky and very few. Others are just losers and you can see them on the street living a miserable life after the leave their job.

Job are steady money giving opportunity so you should never leave that for gambling. I wouldn't try quiting my job for gambling even with my winning rate been very high. Gambling is just luck and you can't be lucky everyday.

We have people surviving solely on gambling wins to take care of themselves but you have to see how miserable they're when they're not winning. That's not a life to live as you should be able to take care of yourself at all times.

[shogun47]

He is not wise for him to think that gambling can be used to replace his job. He is also a greedy person, that is why he forgot that he can't keep on winning all the time there must be an unlucky day in gambling,which is higher that your lucky day.

He didn't think about his future when he left his job for just gambling. People that survive just on gambling are very lucky and very few. Others are just losers and you can see them on the street living a miserable life after the leave their job.

Job are steady money giving opportunity so you should never leave that for gambling. I wouldn't try quiting my job for gambling even with my winning rate been very high. Gambling is just luck and you can't be lucky everyday.

We have people surviving solely on gambling wins to take care of themselves but you have to see how miserable they're when they're not winning. That's not a life to live as you should be able to take care of yourself at all times.

I am not sure whether you see the losers on the street or not, but I am quite sure that the small number of winners are the only ones talking about their activities. That is a big problem anyway, also when people here on the forum share "strategies" and "proof" that their bets work out more often than those of others. You usually won't find people who post or share their losses they are generating from their gambling addiction on a daily basis. Now I get the point that sharing a big jackpot does even logically make more sense, but would they share it if it wasn't for the luck they had actually? If it was business at usual, why share it at all then.

[tusandii]

I have no doubts there are indeed some gamblers out there which can indeed make a living out of gambling, but how many of those that try actually reach their goal? While the lifestyle may seem attractive to some, very few have what is needed to achieve this goal, and this is because most people are used to work a 9 to 5 kind of job in which they know in advance how much money they are going to be paid, but a professional gambler has no idea at all of how much and when they will earn any money, adding a great deal of uncertainty to their lives.

Actually making a living from gambling is not the right move because in gambling there is no certainty that gamblers can get wins more often so they can collect profits consistently.
In the gambling industry the only ones who can turn a profit as a source of income are the casino owners and the team that operates the casino.
I'm not sure gamblers can make a living from gambling, there are many gamblers that I know and they always experience economic difficulties if they really prioritize gambling as a place to work or make a living.
It's better to have a steady job and make gambling a place of fun so if you're lucky there will be a win that will generate some profits.
Professional gamblers, they don't think of making a living from gambling because they only use gambling to make it a place of entertainment and test their luck.

[danherbias07]

I have no doubts there are indeed some gamblers out there which can indeed make a living out of gambling, but how many of those that try actually reach their goal? While the lifestyle may seem attractive to some, very few have what is needed to achieve this goal, and this is because most people are used to work a 9 to 5 kind of job in which they know in advance how much money they are going to be paid, but a professional gambler has no idea at all of how much and when they will earn any money, adding a great deal of uncertainty to their lives.

Actually making a living from gambling is not the right move because in gambling there is no certainty that gamblers can get wins more often so they can collect profits consistently.
In the gambling industry the only ones who can turn a profit as a source of income are the casino owners and the team that operates the casino.
I'm not sure gamblers can make a living from gambling, there are many gamblers that I know and they always experience economic difficulties if they really prioritize gambling as a place to work or make a living.
It's better to have a steady job and make gambling a place of fun so if you're lucky there will be a win that will generate some profits.
Professional gamblers, they don't think of making a living from gambling because they only use gambling to make it a place of entertainment and test their luck.

No certainty, this is true. The same with trading, you cannot just rely on the profits it gives because there will be bad times and especially when you are supposed to pay something like bills and other stuff while you earn nothing.
I don't recommend it to any of my friends this kind of habit, it's not healthy because you are risking money in exchange for making more, while just having a job is offering your skills in exchange for a weekly/monthly wage.
What's the purpose of all the shit we go through in school if we cannot even use it to make money without risking our own? I mean, are we just going to use all the knowledge we have learned just for our hobby which is gambling? I don't think that is right.

[Cryptock]

~
Harry Kakavas

Total amount gambled: $1.43 billion
Incurred losses: $20.5 million

this guy was someone very skilled in gambling, according to the article he played for 16 months and managed to win $1.43 billion, but he lost 20 million, compared to the profit he had losing 20 million was not something to worry about, this is also a very interesting fact and rare case, unlike most people who leave casinos with high losses he left the casino with high profit, luckily for him, but people shouldn't copy this guy, hardly anyone can achieve that success nowadays, winning at the casino is a very difficult task, not to say impossible
~

Am I the only one who thinks this is some wild nonsense? What losses are we talking about if the dude won 1.43 fucking billion dollars? Probably I have not seen more crooked statistics and erroneous accounting of money. It seems that someone had the task of writing only about losses, so he wrote down even obvious successful cases there under any pretext.

I always look up to the lucky people who makes so much money - God knows how people become rich overnight
I wish I become one of those - because I always loose money - never in my life I have been successful

[Silberman]

I always look up to the lucky people who makes so much money - God knows how people become rich overnight
I wish I become one of those - because I always loose money - never in my life I have been successful

I do not think there is a single person around the world which would not like to become rich overnight without having to work for it, but as you realize this only happens due to dumb luck, and since we cannot depend on our luck, because if we did then we will probably have to wait for the rest of our lives and obtain disappointing results, then we have no other option but to work hard towards our financial goals so one day we can finally realize them and live the life we wish for ourselves.

[Alisha-k]

~snip~

The guy you told us about was too naive and arrogant, which is why his gambling experience was so bitter. The winnings clouded his mind and he showed you his true face. Do not do business with him, for such people cannot be loyal for long. If you want to help him, advise him to see a specialist and quit gambling for a while.  

you used for long??

They can't even be loyal at all, the only go meek when there's something the want to get from you, and 1ce that's achieved, they stab you without minding.

Such persons are not worth mingling with, and the always have this "I am right feeling" they're the once with the mindset that money can buy life.

[Silberman]

The guy you told us about was too naive and arrogant, which is why his gambling experience was so bitter. The winnings clouded his mind and he showed you his true face. Do not do business with him, for such people cannot be loyal for long. If you want to help him, advise him to see a specialist and quit gambling for a while.  

you used for long??

They can't even be loyal at all, the only go meek when there's something the want to get from you, and 1ce that's achieved, they stab you without minding.

Such persons are not worth mingling with, and the always have this "I am right feeling" they're the once with the mindset that money can buy life.

I agree, money does not really change people it just reveals who they were to begin with, the supposed friend of the OP went crazy after winning an amount of money that did not even justify that kind of behavior, and yet it happened, so while they may try to help him out of charity as to not let a former friend to fall so low, at the same time any kind of close relationship should be avoided at all costs as he has shown already the kind of person he is.

[Doan9269]

I have no doubts there are indeed some gamblers out there which can indeed make a living out of gambling, but how many of those that try actually reach their goal?

It all depends on the gambler involved in this kind of situation, making gambling as a source of income isn't bad at all as long as the gambler can always sought a means out for himself everytime, he has to be engage in doing multiple things at a time to enable him have two or more means through which he generate income from in gambling, such could be in placing bet, running a campaign for a gambling platform, one can also be their developer or apply as a casino operators and many more and get paid than relying only on betting to meet up to standard of living.

While the lifestyle may seem attractive to some, very few have what is needed to achieve this goal, and this is because most people are used to work a 9 to 5 kind of job in which they know in advance how much money they are going to be paid, but a professional gambler has no idea at all of how much and when they will earn any money, adding a great deal of uncertainty to their lives.

It's not every gambler that can have interest in this kind of situation, gambling is not a fix or guaranteed means of earning money, one can rather be loosing more than earnings from it if he so depends on the bets he made, but as being said earlier, additional means through gambling will make things work out more, one can get money which other job couldn't offer.

[slapper]

I have no doubts there are indeed some gamblers out there which can indeed make a living out of gambling, but how many of those that try actually reach their goal? While the lifestyle may seem attractive to some, very few have what is needed to achieve this goal, and this is because most people are used to work a 9 to 5 kind of job in which they know in advance how much money they are going to be paid, but a professional gambler has no idea at all of how much and when they will earn any money, adding a great deal of uncertainty to their lives.

Actually making a living from gambling is not the right move because in gambling there is no certainty that gamblers can get wins more often so they can collect profits consistently.
In the gambling industry the only ones who can turn a profit as a source of income are the casino owners and the team that operates the casino.
I'm not sure gamblers can make a living from gambling, there are many gamblers that I know and they always experience economic difficulties if they really prioritize gambling as a place to work or make a living.
It's better to have a steady job and make gambling a place of fun so if you're lucky there will be a win that will generate some profits.
Professional gamblers, they don't think of making a living from gambling because they only use gambling to make it a place of entertainment and test their luck.

No certainty, this is true. The same with trading, you cannot just rely on the profits it gives because there will be bad times and especially when you are supposed to pay something like bills and other stuff while you earn nothing.
I don't recommend it to any of my friends this kind of habit, it's not healthy because you are risking money in exchange for making more, while just having a job is offering your skills in exchange for a weekly/monthly wage.
What's the purpose of all the shit we go through in school if we cannot even use it to make money without risking our own? I mean, are we just going to use all the knowledge we have learned just for our hobby which is gambling? I don't think that is right.

What are your thoughts? As hard as a rock. Absolutely agree with you. They claim there's always a tidier house at the end of the day. However, it's possible that people attach varying levels of importance to gambling, just as they do to other activities

Consider the game of poker. Some would argue that it is more of a skill game than a game of chance. Pro athletes? They don't just throw a coin; rather, they study the game and develop techniques and decision-making skills. Perhaps the real problem isn't with gambling per such, but with the erroneous belief that it will make one rich

If you flipped a coin, would you invest the same way? Do we dare call it a gamble? There is no guarantee of success there, but we also don't discourage others from trying. A guiding principle? Acquiring game knowledge, calculating risks, and exercising restraint. When individuals start viewing gambling as a way to get rich quick instead of a hobby with inherent dangers, then we have a problem, right?

[_act_]

It all depends on the gambler involved in this kind of situation, making gambling as a source of income isn't bad at all as long as the gambler can always sought a means out for himself everytime

For people not to make gambling as a source of income is like a means of telling people how risky gambling is. I do tell people that they should not rely on gambling at all, that they should even be very careful about it. Not only gambling, but also trading. These two things are very risky, they can turn a rich person to a poor person in just few hours to days. People need to be careful.

Someone can decide to take just 5% of his weekly income to gamble weekly, that is not be. I do advice people not to use more than 5% of their weekly income to gamble weekly. But that do not stop me from saying that people should not make gambling as a source of income because I always think it is good for people to know that, which is actually the truth. Gambling should just be for fun and nothing else.

[Cryptock]

It all depends on the gambler involved in this kind of situation, making gambling as a source of income isn't bad at all as long as the gambler can always sought a means out for himself everytime

For people not to make gambling as a source of income is like a means of telling people how risky gambling is. I do tell people that they should not rely on gambling at all, that they should even be very careful about it. Not only gambling, but also trading. These two things are very risky, they can turn a rich person to a poor person in just few hours to days. People need to be careful.

Someone can decide to take just 5% of his weekly income to gamble weekly, that is not be. I do advice people not to use more than 5% of their weekly income to gamble weekly. But that do not stop me from saying that people should not make gambling as a source of income because I always think it is good for people to know that, which is actually the truth. Gambling should just be for fun and nothing else.

sometime one is lucky to have received money unexpectedly
and sometime people work so hard and with honesty that they do not get the funds from any resource.
so luck is so important - which is very obviously!

[BitcoinAccepted]

I don't really know what exactly players expect from a gambling site when they start gambling. Often they win with a certain strategy in the beginning, you have then made a certain expectation pattern for yourself, so that it seems that you are really good at gambling. However, that moment when you lose once will come naturally. and then it's only a matter of time before you realize that it's pure luck. But some go for their luck and try not to think about losing. You can do it that way, of course.

[Sandra_hakeem]

Why would any rational gambler expect that from a casino that makes daily sevices and expenses on their own? I mean, gambling isn't some -"Cake sharing ceremony" - i personally believe LUCK has a big role to play on every game that's played - Both on the players and the gamblers end too. The players might really train good, with a formidable game pattern and that alone would determine atleast - 75% of the game...but on the gamblers end, everything remains a great uncertainty.
There's gonna be a whole time you won't even win on the easiest games, talk more of premier league games - that's actually where the consistency   makes it a different ballgame.

Sandra 🧑‍🦰

[QueenVera]

I agree with you but I think your friend was just a very big fool and there isn't no need pitying for him and reading this from another view, there are people who live a very nice and comfortable live off gambling and it all depends  on what you u tend doing with the proceeds from the winnings.
There was a friend I had who got a major winning from a casino and he went straight to buying of a car which he uses for Uber and today his already living a comfortable  life simply because if his choices and not just gambkjngbabd yes gambling will always be referenced for the credits and success of the player but at the end what makes him is his choices..

[seleme]

I agree with you but I think your friend was just a very big fool and there isn't no need pitying for him and reading this from another view, there are people who live a very nice and comfortable live off gambling and it all depends  on what you u tend doing with the proceeds from the winnings.
There was a friend I had who got a major winning from a casino and he went straight to buying of a car which he uses for Uber and today his already living a comfortable  life simply because if his choices and not just gambkjngbabd yes gambling will always be referenced for the credits and success of the player but at the end what makes him is his choices..

Incredible story but hope it will not end like your friend sells the car to gamble so he can recover losses since making 10 deposits per day at casinos.
This is how usually gambling addiction starts and the addicted gambler has no limits since he had already bought a nice car with gambling profits. Losing profit back shouldn't hurt as much as losing life savings, IMHO. This is the wrong mindset on gambling in theory but in reality, this is how gambling profits end tbh.

[LUCKMCFLY]

Gambling is not a business, and neither should you ever take it as a day job, in reference to this thread - it is likely impossible to make a consistent winning from gambling, there are day you win, even much more than $100, and there are days you will lose it all, to make a consistent $100 or more every day in gambling is a mirage, wishful thinking that might never happen.

Gambling is a form of entertainment and should only be seen as that. It is neither a primary source of income nor a side hustle. It is purely based on luck and chance events. Anyone who looks up to gambling as a source of income is eda a beginner or someone looking for something who will certainly get disappointed in the end. Lastly the moment you feel that you cannot control your gambling or talk to someone about it I'm sick for help.

If we saw the game as a service under which you should not abuse and that you only seek fun and that the fact of being able to "win money" with a touch of luck is something optional,I think that many addiction problems would cease and not never come back, because it's like paying for a cable service, internet, tv, whatever, it's something that gives you money to receive "something" and that's called fun, if we all had that level of maturity in the game, many people in the world who are addicted would not have that Problem and everything would be Different, neither would their Families suffer.

[Poker Player]

Let's begin with a story (more like a parable) which I think is familiar to some of us...

...

Now, To the main discussion...

...

Feel free to chip in your contribution.

It would have been more believable if you had said that everything you were going to write was a parable, and not just the first part.

1st day, he won $670+
2nd day, he won $702+
3rd day, he won $692+
This are the ones I know and saw the slip myself...

...
He started spending anyhow, sleeping in different hotels with different women - before this, he already quit his job, he bought himself an iPhone and also bought an iPhone for one hoe that was following him up and down as a girlfriend - he left our neighborhood and moved to a better place and a bigger apartment, he become arrogant and left some of his friends in times of want behind, he did all he did probably with a mindset that the winnings will keep coming, some even spread some rumor that the guy meet a witch doctor who prepared a luck charm for him, which is what gave him the confidence of quiting his job - to me, this remains a rumor, since there is no way to verify if this is true of false.

Long story short, 2 months after the whole winning spree, this guy lost everything back to casinos where he gambled on...

Here it is not entirely clear from the way you put it whether the supposed friend (whom you call simply a friend in the other thread) won only for 3 days or for two months. From the way you express it it seems that you don't know it, but that it would be something in between, that he had a winning streak of up to a month or a month and a half.

3 days alone can't be because it doesn't give him enough to spend all the money you claim to spend or for, ahem,

sleeping in different hotels with different women...

Then there is something else to consider. The way you describe it, he is not a millionaire who has a big bankroll in the casino of, say, $50K and is making bets of 1% or less managing his bankroll. As you describe it he is a working man who making $700 a day for a while changes his life. So we can assume with high certainty that the money he went to the casino with on the first day is easily a few hundred dollars and at most a couple of thousand.

In other words, no one who knows how a casino works can believe that story. Which makes me think that most of the people who have commented in the thread have done it simply to meet the posting quota in the gambling section and/or have no fucking idea how a casino works.

Every time you bet in a casino, the odds are against you, and in the imagined story we can only have three scenarios.

The first is that the protagonist is betting with little risk, as in roulette on red or black. The other is that he is betting with high risk, which gives him a potentially high return on his bet, as when betting on a single number. And the third is a mixed scenario.

With the first scenario he is not going to get rich and there is not much to explain. As much as he can have winning streaks of flips a couple of days or three, winning streaks cannot be prolonged for much longer and it's not going to change his life for a couple of months. As for the risky scenario, if you play roulette on a single number, the odds of winning streaks after 2 or 3 days are much lower.

So this possibility is BS as well. And the mixed possibility is BS because the two scenarios on which it is based are BS.

[cabron]

^
Damn Poker Player! You really didn't ignore it. But I think the main point of the story is not about his gambling and losses but the lesson to be learned from the story to not start living like a king when you are not a king.

It's too early to live a high life when you have temporary riches. It's not like you are elon musk who has a government contract and got billions that even his grandchildren's children couldn't spend it all in their entire lives.

[Theones]

^
Damn Poker Player! You really didn't ignore it. But I think the main point of the story is not about his gambling and losses but the lesson to be learned from the story to not start living like a king when you are not a king.

It's too early to live a high life when you have temporary riches. It's not like you are elon musk who has a government contract and got billions that even his grandchildren's children couldn't spend it all in their entire lives.

relax - everyone has their opinion and we must listen to them
In my opinion - Gambling is a silent killer - its kills you from inside. I don't know about the empty feeling when one loses its precious belonging.

[Lanatsa]

^
Damn Poker Player! You really didn't ignore it. But I think the main point of the story is not about his gambling and losses but the lesson to be learned from the story to not start living like a king when you are not a king.

It's too early to live a high life when you have temporary riches. It's not like you are elon musk who has a government contract and got billions that even his grandchildren's children couldn't spend it all in their entire lives.

relax - everyone has their opinion and we must listen to them
In my opinion - Gambling is a silent killer - its kills you from inside. I don't know about the empty feeling when one loses its precious belonging.

Its a silent killer if you are really making yourself that irresponsible on handling your finances and with your emotions.You would really be slowly putting up yourself into a big trouble if you wont be able to control it.

It all matters on how you would really be handling up yourself and be wary in regarding with your actions because if not, then you would really be putting yourself on so much trouble.
We shouldn't really make ourselves believe that gambling is all about winning and making yourself that get rich in short time.Always be mindful that it is really just for the sake of fun and entertainment.
There's no way that they would really be letting anyone to be on the advantageous side but rather they would really be the ones who do always win. House do always win in the end.

Dont make yourself get suffered first before you would be able to make out some realizations because gambling is risky if you do have that kind of belief or treatment into it.
Its not a get rich quick scheme or thing that you could able to deal with.

[Woodie]

Love the parable used here, but I  think both sons have valid answers of what experience is all about because this can be applied in different scenarios. Besides to learn a lesson.. sometimes you have to have first had experience to be able to tell others what you experienced... otherwise curiosity will force you to try something out to get a hard learnt lesson.

And looking at that  example of the arrogant gambler,  everybody knows that the house always wins, and it gets bad if pride gets to you thinking you are invisible when in reality its all about having a lucky day or run and take what you can...once you are back just know the house will reclaim whats left!

[serjent05]

The effects of gambling on player are dependent on how the player manage his gambling activity.  Gambling is not a bad thing if viewed as a form of entertainment and the person is in control of himself.  Though I disagree with @OP that gambling is not a business, I would say in a player's part that gambling shouldn't be viewed as a source of income that can replace our job.  Gambling result is always random and we might experience a green streak today but there is no guarantee that it will continue to be green streak tomorrow.  Those who are caught in the thought of gambling is a good source of income often ends up with nothing in hand.

[Cryptock]

The effects of gambling on player are dependent on how the player manage his gambling activity.  Gambling is not a bad thing if viewed as a form of entertainment and the person is in control of himself.  Though I disagree with @OP that gambling is not a business, I would say in a player's part that gambling shouldn't be viewed as a source of income that can replace our job.  Gambling result is always random and we might experience a green streak today but there is no guarantee that it will continue to be green streak tomorrow.  Those who are caught in the thought of gambling is a good source of income often ends up with nothing in hand.

In some religions and country gambling is considered bad thing and it is banned strictly
You cannot gamble in Saudia, Qatar, Iran, Pakistan and other islamic states. So let me remind you they are considered bad.

[Fiatless]

^
Damn Poker Player! You really didn't ignore it. But I think the main point of the story is not about his gambling and losses but the lesson to be learned from the story to not start living like a king when you are not a king.

It's too early to live a high life when you have temporary riches. It's not like you are elon musk who has a government contract and got billions that even his grandchildren's children couldn't spend it all in their entire lives.

The story was not well written because many inconsistent activities are making it look untrue. This story might be true but the writer may lack some writing or storytelling skills. I have been around some persons that cannot narrate incidents in a simple, clear, and understandable manner. They keep on mixing things up until you get tired of the whole story. Others might not have abilities to arrange and put down words coherently and sequentially. They end up writing information in an uncoordinated manner that can make one doubt the write-up.

The story might not be true or badly written but I am sure everyone got the information. It is important to put out information in a truthful and organized but everyone got the moral of the story. The target was to enlighten us about the dangers of over-gambling and overspending. He tried to inform us of the need to maximize our wins in gambling because we might not be lucky all the time. He drove down the fact that easy money shouldn't lead to easy spending.

[Silberman]

^
Damn Poker Player! You really didn't ignore it. But I think the main point of the story is not about his gambling and losses but the lesson to be learned from the story to not start living like a king when you are not a king.

It's too early to live a high life when you have temporary riches. It's not like you are elon musk who has a government contract and got billions that even his grandchildren's children couldn't spend it all in their entire lives.

This is something which is also very common with new traders, especially those which make some crazy trades by investing in a meme coin no one knew about and then they happen to win and earn a good amount of money, but instead of thinking of themselves as incredibly lucky this was the case, they actually believe those results can be replicated at will and they start to live the high life thinking this will be their new life, only to discover some time later they were completely wrong about it.

[Mauser]

The effects of gambling on player are dependent on how the player manage his gambling activity.  Gambling is not a bad thing if viewed as a form of entertainment and the person is in control of himself.  Though I disagree with @OP that gambling is not a business, I would say in a player's part that gambling shouldn't be viewed as a source of income that can replace our job.  Gambling result is always random and we might experience a green streak today but there is no guarantee that it will continue to be green streak tomorrow.  Those who are caught in the thought of gambling is a good source of income often ends up with nothing in hand.

I fully agree with you, gambling can't be looked at as a secure, constant and guaranteed way of income. By nature randomness is involved in gambling, and even with the best possible strategy we won't be able to always win. The professional Black Jack players only manage to shift the expected values from slightly below 50 percent to above 50. It's not like they are going to win now every session they play, it's only the more they play the higher their chances of making a profit. That is why it's so important to look at gambling as form of entertainment and not a form of income. Gambling is only a business for the casino and it's a job for the people working for them. When we only use the money we can afford to lose and don't rely on making a profit it's not going to be an issue.   

[Outhue]

Consistent winning from online casino is no more a gambling, if this happens to you it's a calling to move out of the online casino straight away, you might not get that lucky playing games for two weeks on such a platform again.

I don't always like letting winning get the best of me, whenever i start winning again and again I stop gambling and click the withdrawal straight, because what will happen next is a high numbers of losses.

It's not the same thing when it comes to losing continuously, when you have no winnings at all, if you keep losing and your threshold for the day is met, just take the loss wholeheartedly and quite for that day.

[Wakate]

Love the parable used here, but I  think both sons have valid answers of what experience is all about because this can be applied in different scenarios. Besides to learn a lesson.. sometimes you have to have first had experience to be able to tell others what you experienced... otherwise curiosity will force you to try something out to get a hard learnt lesson.

There are so many lessons we can learn from what op had written and this is a eye opener for people who thinks they can always have consistent profits from gambling which is very clear that most profits that we make are from other gamblers that make loses. Loses is normal in gambling just like when we talk about trading too where you can always make loses and make profits as the same time.

And looking at that  example of the arrogant gambler,  everybody knows that the house always wins, and it gets bad if pride gets to you thinking you are invisible when in reality its all about having a lucky day or run and take what you can...once you are back just know the house will reclaim whats left!

I always take precautions when I make loses in gambling because I wouldn't want to continue losing so I don't give out all the profits I had made at the previous attempts. Gambling can be very tricking and those who don't understand how it goes would think that we ought to be making consistent profits Everytime. Those who are betting with big funds and always show there result to the public most the big winnings they have, we should know that they also do make loses which is not always shown to the public.

[madnessteat]

^
Damn Poker Player! You really didn't ignore it. But I think the main point of the story is not about his gambling and losses but the lesson to be learned from the story to not start living like a king when you are not a king.

It's too early to live a high life when you have temporary riches. It's not like you are elon musk who has a government contract and got billions that even his grandchildren's children couldn't spend it all in their entire lives.

This is something which is also very common with new traders, especially those which make some crazy trades by investing in a meme coin no one knew about and then they happen to win and earn a good amount of money, but instead of thinking of themselves as incredibly lucky this was the case, they actually believe those results can be replicated at will and they start to live the high life thinking this will be their new life, only to discover some time later they were completely wrong about it.

I agree with you. Sudden success very often clouds the mind of the lucky man and he thoughtlessly spends money on all sorts of trinkets, forgetting that money should work and multiply. After spending all the money the lucky man becomes an ordinary man again and in memory of his former luck he keeps a smartphone and some other trinket.

To become rich and stop working yourself, you need to be able to limit your entertainment in the formative period and make your money work.

[Cookdata]

The effects of gambling on player are dependent on how the player manage his gambling activity.  Gambling is not a bad thing if viewed as a form of entertainment and the person is in control of himself.  Though I disagree with @OP that gambling is not a business, I would say in a player's part that gambling shouldn't be viewed as a source of income that can replace our job.  Gambling result is always random and we might experience a green streak today but there is no guarantee that it will continue to be green streak tomorrow.  Those who are caught in the thought of gambling is a good source of income often ends up with nothing in hand.

It may seem simple to say that gambling is entertaining, but I believe that addressing gambling addiction goes beyond mere entertainment. Money has a profound effect on one's mentality, and it has the power to alter one's thinking in many ways. One key factor in controlling gambling addiction from its root is addressing the issue of greed. The love of money is inherent in many individuals, and when money enters the equation, it can rapidly change a person's mindset.

As gambler, if one can manage to control the greed within themselves, gambling can be approached as a source of fun and entertainment. However, once greed reaches its peak, gambling ceases to be enjoyable. At that point, gambling becomes solely focused on doubling money, trust me, sports bettors that have incurred debts understand this temptation better.

[AicecreaME]

The effects of gambling on player are dependent on how the player manage his gambling activity.  Gambling is not a bad thing if viewed as a form of entertainment and the person is in control of himself.  Though I disagree with @OP that gambling is not a business, I would say in a player's part that gambling shouldn't be viewed as a source of income that can replace our job.  Gambling result is always random and we might experience a green streak today but there is no guarantee that it will continue to be green streak tomorrow.  Those who are caught in the thought of gambling is a good source of income often ends up with nothing in hand.

It may seem simple to say that gambling is entertaining, but I believe that addressing gambling addiction goes beyond mere entertainment. Money has a profound effect on one's mentality, and it has the power to alter one's thinking in many ways. One key factor in controlling gambling addiction from its root is addressing the issue of greed. The love of money is inherent in many individuals, and when money enters the equation, it can rapidly change a person's mindset.

As gambler, if one can manage to control the greed within themselves, gambling can be approached as a source of fun and entertainment. However, once greed reaches its peak, gambling ceases to be enjoyable. At that point, gambling becomes solely focused on doubling money, trust me, sports bettors that have incurred debts understand this temptation better.

This is so on point!

Most of the times, people who aspire to have so much are the ones getting addicted in gambling. They view gambling as money making platform to the point wherein sometimes, they abuse it and they go beyond their limits as well to prove something or achieve something. Money is essential for us to survive. However, there should be a limitation as to where we should continue and stop running after it despite it being necessary in our everyday lives. If a gambler can't control his desire for money and if it becomes toxic and suffocating, then the more gambler must guard his mind to avoid being clouded with bad judgments that can bring harm.

Indeed, if a gambler knows his boundaries and can control his emotion, not letting greed to take over, gambling will be enjoyable and profitable at the same time. It's just really a matter of discipline when we talk about money and ways to generate it without losing our identity.

[piebeyb]

Consistent winning from online casino is no more a gambling, if this happens to you it's a calling to move out of the online casino straight away, you might not get that lucky playing games for two weeks on such a platform again.

I don't always like letting winning get the best of me, whenever i start winning again and again I stop gambling and click the withdrawal straight, because what will happen next is a high numbers of losses.

It's not the same thing when it comes to losing continuously, when you have no winnings at all, if you keep losing and your threshold for the day is met, just take the loss wholeheartedly and quite for that day.

Consistent winning against the casino is being able to control yourself as a gambler not to get carried away when you feel like you are losing and losing a lot of money, every time I win I always withdraw money just like you did because we won't know by playing the game after winning, I think the funds you will run out if you continue the game.

Quitting gambling is the best way when you win big, even though it's not consistent enough to admit that you won against the casino, that is, against your own desire to bring a lot of money, to gamble, you have to use a healthy mindset, that is, just have fun when you win, then withdraw all the money, that's it. easy enough to do for everyone.

[Crypt0Gore]

Consistent winning in what way? There is no way you can keep winning on a online casino unless you are playing a game that is based on skills, and most gambles on casinos are based on luck, so if consistent winning is happening you should be aware that you are just lucky, I don't expect you to keep playing the game while you keep winning, I expect you to take your gains off the gambling platform, if you keep winning to a point, the gambling platform might think you are using something and they will restrict you.

Some casinos will even stop you from withdrawing your wins because they will believe that something is off, maybe after proper investigation they can allow you to withdraw your funds.

[xSkylarx]

Some casinos will even stop you from withdrawing your wins because they will believe that something is off, maybe after proper investigation they can allow you to withdraw your funds.

This is really what scared me most because, let's say this will happen and you are extremely lucky and you don't do anything about it, then for sure the possibilities are that they will really lock your account and you can't withdraw, and also, what is fishy if they notice something like that, meaning they are really controlling your winnings? Let's say if the person already won $500 on just that day or that bet, then he should start a losing streak, which means they can really control it.

[maydna]

Consistent winning in what way? There is no way you can keep winning on a online casino unless you are playing a game that is based on skills, and most gambles on casinos are based on luck, so if consistent winning is happening you should be aware that you are just lucky, I don't expect you to keep playing the game while you keep winning, I expect you to take your gains off the gambling platform, if you keep winning to a point, the gambling platform might think you are using something and they will restrict you.

Some casinos will even stop you from withdrawing your wins because they will believe that something is off, maybe after proper investigation they can allow you to withdraw your funds.

It is a mistake if we expect to be able to win continuously in gambling because it is difficult to get. We must feel lucky if we can win at gambling because not many people can win, and no one can win consistently from gambling. And I agree with you that gambling in casinos is based on luck, so if we don't get lucky when we play, we won't be able to win.

And when they play in a big casino, maybe the casino can make a requirement before you can withdraw the winnings. So be prepared if that happens.

[len01]

Consistent winning in what way? There is no way you can keep winning on a online casino unless you are playing a game that is based on skills, and most gambles on casinos are based on luck, so if consistent winning is happening you should be aware that you are just lucky, I don't expect you to keep playing the game while you keep winning, I expect you to take your gains off the gambling platform, if you keep winning to a point, the gambling platform might think you are using something and they will restrict you.

even though playing a skill-based game I'm sure there will still be no consistent wins. because skill-based games also still depend on luck and I don't think that luck comes every day in gambling, unless it's a bookie.

Some casinos will even stop you from withdrawing your wins because they will believe that something is off, maybe after proper investigation they can allow you to withdraw your funds.

if betting at a trusted and reputable casino and luck came my way i think withdrawals would not be a big deal. Unless betting at a new casino is indicated as a scam, there will definitely be problems when you want to withdraw your money and what's worse, your money and account are banned.

[Sterbens]

even though playing a skill-based game I'm sure there will still be no consistent wins. because skill-based games also still depend on luck and I don't think that luck comes every day in gambling, unless it's a bookie.

I personally have never thought that there is consistently winning in gambling because it is only about luck that will not be repeated many times. You will win when the dealer is giving you a win, if you want to win consistently then the only way is that you have to become a dealer.

if betting at a trusted and reputable casino and luck came my way i think withdrawals would not be a big deal. Unless betting at a new casino is indicated as a scam, there will definitely be problems when you want to withdraw your money and what's worse, your money and account are banned.

Sometimes gambling requires precision in choosing a casino that is trusted and proven to pay when wins come to us, to be honest, I have experienced this, they always make excuses for system disturbances when I want to make a withdrawal, telling me to be patient but the withdrawal doesn't work it was successful and in the end, my account was blocked, this was very emotional.

[Natalim]

Love the parable used here, but I  think both sons have valid answers of what experience is all about because this can be applied in different scenarios. Besides to learn a lesson.. sometimes you have to have first had experience to be able to tell others what you experienced... otherwise curiosity will force you to try something out to get a hard learnt lesson.

It's just that the 2nd son, even if he's much younger than his older brother, he got an instinct that his older brother never had and that's why the father trusted his older brother to him because the father knew that the younger one will be the lighthouse to guide his older brother from steering into the wrong direction.

And looking at that  example of the arrogant gambler,  everybody knows that the house always wins, and it gets bad if pride gets to you thinking you are invisible when in reality its all about having a lucky day or run and take what you can...once you are back just know the house will reclaim whats left!

His one sole mistake is the day when he left his job so that he can make gambling his full time job which is definitely not right as not everyone could do that and that's where the domino effect began, even the professional gamblers are still having a bad day but this man, he seems to be arrogant enough because he thinks of himself so highly and forgot the fact about the house advantage as that will always happen at the end of the day no matter how lucky we are.

[jostorres]

Some casinos will even stop you from withdrawing your wins because they will believe that something is off, maybe after proper investigation they can allow you to withdraw your funds.

This is really what scared me most because, let's say this will happen and you are extremely lucky and you don't do anything about it, then for sure the possibilities are that they will really lock your account and you can't withdraw, and also, what is fishy if they notice something like that, meaning they are really controlling your winnings? Let's say if the person already won $500 on just that day or that bet, then he should start a losing streak, which means they can really control it.

A trusted and reputable casino will not essentially control your wins and losses since they have a provably-fair system on place and players can always verify their bets if they feel that they are being manipulated, and if they really find out that their bets are actually manipulated, they should simply stop using that platform and warn others too.

A trusted casino will only freeze your account or confiscate your funds if they become suspicious of an activity that might be against their terms and conditions, and even in such a case, if they don't find anything at the end, they should release your account and the funds as well.

[darewaller]

The effects of gambling on player are dependent on how the player manage his gambling activity.  Gambling is not a bad thing if viewed as a form of entertainment and the person is in control of himself.  Though I disagree with @OP that gambling is not a business, I would say in a player's part that gambling shouldn't be viewed as a source of income that can replace our job.  Gambling result is always random and we might experience a green streak today but there is no guarantee that it will continue to be green streak tomorrow.  Those who are caught in the thought of gambling is a good source of income often ends up with nothing in hand.

If a player has a control in their gambling activities. The effect of gambling to them are purely positive like they will release their stress and it can also allows them to earn a profit. Like many are saying, it's easy to earn money in gambling but the hardest part is stopping, which was true. I can prove it as I am one of the pioneers in gambling.

A business can also be an activity but as long as it earns you money and each business has their own down times too. Some can even fail miserably. I guess gambling can be classify as one because sometimes we can also earn money in gambling, more if we have a skill and we play games which skills can matter.

[stomachgrowls]

Some casinos will even stop you from withdrawing your wins because they will believe that something is off, maybe after proper investigation they can allow you to withdraw your funds.

This is really what scared me most because, let's say this will happen and you are extremely lucky and you don't do anything about it, then for sure the possibilities are that they will really lock your account and you can't withdraw, and also, what is fishy if they notice something like that, meaning they are really controlling your winnings? Let's say if the person already won $500 on just that day or that bet, then he should start a losing streak, which means they can really control it.

A trusted and reputable casino will not essentially control your wins and losses since they have a provably-fair system on place and players can always verify their bets if they feel that they are being manipulated, and if they really find out that their bets are actually manipulated, they should simply stop using that platform and warn others too.

A trusted casino will only freeze your account or confiscate your funds if they become suspicious of an activity that might be against their terms and conditions, and even in such a case, if they don't find anything at the end, they should release your account and the funds as well.

And this is where we could be able to see on where we should really be sticking because once we do make ourselves get involved with new sites or something that hasnt established their reputation then possibilities of
rigged games and other stuffs would be there but as for those companies or team who are really that being fair or giving out their best service into the public then rigging or not being fair would be unlikely.
We know that once they would really be bust up on not on being fair would definitely means that it would really be the end of their business. We know that building this type or kind of business wont really be
that cheap which it would be understandable on whats their action that must thing to be done.

This business is for long term and they would really be doing their best as they can on hooking up people to play into their site and as fair as possible. Of course there would really be restrictions or
something that we do call terms and conditions on which a certain user which needed up to be followed or else you do know on whats next.

[madnessteat]

The effects of gambling on player are dependent on how the player manage his gambling activity.  Gambling is not a bad thing if viewed as a form of entertainment and the person is in control of himself.  Though I disagree with @OP that gambling is not a business, I would say in a player's part that gambling shouldn't be viewed as a source of income that can replace our job.  Gambling result is always random and we might experience a green streak today but there is no guarantee that it will continue to be green streak tomorrow.  Those who are caught in the thought of gambling is a good source of income often ends up with nothing in hand.

If a player has a control in their gambling activities. The effect of gambling to them are purely positive like they will release their stress and it can also allows them to earn a profit. Like many are saying, it's easy to earn money in gambling but the hardest part is stopping, which was true. I can prove it as I am one of the pioneers in gambling.

A business can also be an activity but as long as it earns you money and each business has their own down times too. Some can even fail miserably. I guess gambling can be classify as one because sometimes we can also earn money in gambling, more if we have a skill and we play games which skills can matter.

I wouldn't confuse business with gambling because they are two completely different areas. If you are a professional in some business and know how to count, it is quite difficult to go bankrupt. In gambling a lot depends on luck and not on your skills, so no matter how professional you are, if you get hold of a bad card you just lose, no matter how much you want the opposite. Of course something unexpected can happen to a business, like a sudden drop in demand for many products, as was the case during the pandemic, but the likelihood of that happening is pretty low.

[Silberman]

I wouldn't confuse business with gambling because they are two completely different areas. If you are a professional in some business and know how to count, it is quite difficult to go bankrupt. In gambling a lot depends on luck and not on your skills, so no matter how professional you are, if you get hold of a bad card you just lose, no matter how much you want the opposite. Of course something unexpected can happen to a business, like a sudden drop in demand for many products, as was the case during the pandemic, but the likelihood of that happening is pretty low.

It is true that running a business is completely different than gambling, but at the same time there are some techniques which gamblers use which can be applied to a business in order to run it, and one of those techniques is money management, many businesses these days are run with the idea of maximizing the profits they can give to their owner, and while this may seem to be the most natural thing to do, many businesses do this by increasing their risk in a significant way, it is because of this so many of them disappeared during the pandemic, a fate which could have been avoided if those people were more conservative in the way they ran their business and decreased the risk of going bankrupt.

[YinShuiSiYuan]

Uncertainty and risks ups and downs are part of life and go in gambling there is no surety of your winning 💯 times .
So while going for that prepare yourself for the losses too and don't get depressed over anything.  This is like a game for fun time you can win and you can loose anytime .

[ethereumhunter]

Uncertainty and risks ups and downs are part of life and go in gambling there is no surety of your winning 💯 times .
So while going for that prepare yourself for the losses too and don't get depressed over anything.  This is like a game for fun time you can win and you can loose anytime .

If people thought that way, we wouldn't see them getting addicted to gambling. But sadly, they play gambling to try to make money which will not work. Well, it may work for a minority of people but others will only lose and will not be able to recover their losses. There is no guarantee of winning. That's what we must remember because gambling is just for fun and doesn't make it a place to make money. And if people could stop themselves from gambling, they would see how much money they could save. So we can't expect continuous wins from gambling so we can only use gambling for fun.

[wiss19]

The effects of gambling on player are dependent on how the player manage his gambling activity.  Gambling is not a bad thing if viewed as a form of entertainment and the person is in control of himself.  Though I disagree with @OP that gambling is not a business, I would say in a player's part that gambling shouldn't be viewed as a source of income that can replace our job.  Gambling result is always random and we might experience a green streak today but there is no guarantee that it will continue to be green streak tomorrow.  Those who are caught in the thought of gambling is a good source of income often ends up with nothing in hand.

If a player has a control in their gambling activities. The effect of gambling to them are purely positive like they will release their stress and it can also allows them to earn a profit. Like many are saying, it's easy to earn money in gambling but the hardest part is stopping, which was true. I can prove it as I am one of the pioneers in gambling.

A business can also be an activity but as long as it earns you money and each business has their own down times too. Some can even fail miserably. I guess gambling can be classify as one because sometimes we can also earn money in gambling, more if we have a skill and we play games which skills can matter.

That comparison between gambling and a business was a poor one, to be honest. How could you possibly compare gambling which is totally a game of luck with a business which runs on your efforts and hard work? Even if a business can have its bad days, it is still not comparable with gambling because you can barely have good days in gambling and you barely have bad days in a business if you know how to run it well.

And, it is definitely not easy to make money from gambling, ask that from a gambling addict who spends most of his time in a casino and has gambled away almost everything he had only to gain something, ask him whether it is easy to make money from gambling or not.

[lienfaye]

Uncertainty and risks ups and downs are part of life and go in gambling there is no surety of your winning 💯 times .
So while going for that prepare yourself for the losses too and don't get depressed over anything.  This is like a game for fun time you can win and you can loose anytime .

If people thought that way, we wouldn't see them getting addicted to gambling. But sadly, they play gambling to try to make money which will not work. Well, it may work for a minority of people but others will only lose and will not be able to recover their losses. There is no guarantee of winning. That's what we must remember because gambling is just for fun and doesn't make it a place to make money. And if people could stop themselves from gambling, they would see how much money they could save. So we can't expect continuous wins from gambling so we can only use gambling for fun.

It's quite easy to say to just gamble for fun, but the truth is, majority of gamblers are playing to win and have a decent profit. The reason why many people are getting interested to try gambling because of the huge win that some gamblers won through playing. Well, it's your own money so you can do what you want. However let's always keep in mind that gambling is a game of luck and a gambler should know the risk before playing to have less expectation.

Nevertheless, just like what stated in op, why do we have to learn from our own mistake if we can learn from other mistakes so we can prevent ourselves committing such. It's a good point and can be applied in gambling so we can prevent ourselves becoming addicted due to lack of control and the wrong thinking that gambling can give a consistent profit.

[Theones]

Uncertainty and risks ups and downs are part of life and go in gambling there is no surety of your winning 💯 times .
So while going for that prepare yourself for the losses too and don't get depressed over anything.  This is like a game for fun time you can win and you can loose anytime .

If people thought that way, we wouldn't see them getting addicted to gambling. But sadly, they play gambling to try to make money which will not work. Well, it may work for a minority of people but others will only lose and will not be able to recover their losses. There is no guarantee of winning. That's what we must remember because gambling is just for fun and doesn't make it a place to make money. And if people could stop themselves from gambling, they would see how much money they could save. So we can't expect continuous wins from gambling so we can only use gambling for fun.

It's quite easy to say to just gamble for fun, but the truth is, majority of gamblers are playing to win and have a decent profit. The reason why many people are getting interested to try gambling because of the huge win that some gamblers won through playing. Well, it's your own money so you can do what you want. However let's always keep in mind that gambling is a game of luck and a gambler should know the risk before playing to have less expectation.

Nevertheless, just like what stated in op, why do we have to learn from our own mistake if we can learn from other mistakes so we can prevent ourselves committing such. It's a good point and can be applied in gambling so we can prevent ourselves becoming addicted due to lack of control and the wrong thinking that gambling can give a consistent profit.

we can not depend on gambling for the money all the time.
many religion donot like gambling and they dont gamble - and avoid it at any cost. But those who fell contented and like gambling and is lucky to win. Should go for it!

[slapper]

The effects of gambling on player are dependent on how the player manage his gambling activity.  Gambling is not a bad thing if viewed as a form of entertainment and the person is in control of himself.  Though I disagree with @OP that gambling is not a business, I would say in a player's part that gambling shouldn't be viewed as a source of income that can replace our job.  Gambling result is always random and we might experience a green streak today but there is no guarantee that it will continue to be green streak tomorrow.  Those who are caught in the thought of gambling is a good source of income often ends up with nothing in hand.

If a player has a control in their gambling activities. The effect of gambling to them are purely positive like they will release their stress and it can also allows them to earn a profit. Like many are saying, it's easy to earn money in gambling but the hardest part is stopping, which was true. I can prove it as I am one of the pioneers in gambling.

A business can also be an activity but as long as it earns you money and each business has their own down times too. Some can even fail miserably. I guess gambling can be classify as one because sometimes we can also earn money in gambling, more if we have a skill and we play games which skills can matter.

That comparison between gambling and a business was a poor one, to be honest. How could you possibly compare gambling which is totally a game of luck with a business which runs on your efforts and hard work? Even if a business can have its bad days, it is still not comparable with gambling because you can barely have good days in gambling and you barely have bad days in a business if you know how to run it well.

And, it is definitely not easy to make money from gambling, ask that from a gambling addict who spends most of his time in a casino and has gambled away almost everything he had only to gain something, ask him whether it is easy to make money from gambling or not.

What? You're equating gambling to managing a company? What a ridiculous overreach! Both involve potential losses and gains, but comparing the two is like claiming that driving a car and piloting a rocket are equivalent since both get you where you need to go. Managing a company? Analysis of the market, budgeting, and planning are the key concepts here. Gambling? A coin flip, a spin of the roulette wheel, or a card flip could decide the outcome. Do you get my point?

Consider the societal impact as well. A strong business ensures employment, an active economy, and other societal benefits. A successful gambler might be able to. And the notion that gambling is a simple way to get money fast? This is completely incorrect. The house has a built-in advantage in any situation. In my non-scientific opinion, that's terrible news for the bettor.

[ethereumhunter]

It's quite easy to say to just gamble for fun, but the truth is, majority of gamblers are playing to win and have a decent profit. The reason why many people are getting interested to try gambling because of the huge win that some gamblers won through playing. Well, it's your own money so you can do what you want. However let's always keep in mind that gambling is a game of luck and a gambler should know the risk before playing to have less expectation.

Nevertheless, just like what stated in op, why do we have to learn from our own mistake if we can learn from other mistakes so we can prevent ourselves committing such. It's a good point and can be applied in gambling so we can prevent ourselves becoming addicted due to lack of control and the wrong thinking that gambling can give a consistent profit.

Yes, reality will not match what is said and there are already many gamblers who initially just want to have fun, instead they fall into gambling and many also experience gambling addiction. Those who try to play gambling are tempted to get fast money without understanding the risks they have to face. And more people will get addicted to gambling if they can't control themselves.

We must learn from our mistakes and the mistakes of others so that they can serve as a reminder for us not to make the same mistakes. And don't ever think that gambling can give you a lot of money because that will make us lose control and eventually experience gambling addiction.

[Fivestar4everMVP]

Let's begin with a story (more like a parable) which I think is familiar to some of us...

...

Now, To the main discussion...

...

Feel free to chip in your contribution.

It would have been more believable if you had said that everything you were going to write was a parable, and not just the first part.

First of all, thank you very much for your analysis, nothing to argue or maybe try to prove to you, after all, we are just posting on a public forum, it doesn't matter if you believe the story or not, and it also doesn't matter is the story is true or not, my message is passed, and I believe that's the most important part of the story anyway, for what is the meaning of a story if it doesn't have a lesson people can learn from?

Anyways, story is true, but like I said, it doesn't matter whether you believe it or not.
🙏

[Zilon]

But the sad thing about the whole thing was that, he's attitude changes, those are big amount when converted to my country's local currency, but not big enough to warrant his Change of attitude..
He started spending anyhow, sleeping in different hotels with different women - before this, he already quit his job, he bought himself an iPhone and also bought an iPhone for one hoe that was following him up and down as a girlfriend - he left our neighborhood and moved to a better place and a bigger apartment, he become arrogant and left some of his friends in times of want behind, he did all he did probably with a mindset that the winnings will keep coming, some even spread some rumor that the guy meet a witch doctor who prepared a luck charm for him, which is what gave him the confidence of quiting his job - to me, this remains a rumor, since there is no way to verify if this is true of false.

Despite how unsatisfied with the guys actions it still doesn't warrant using abusive words on the girls he lavished money on, i believe he went for them because he felt he has arrived.

Gambling is not a business, and neither should you ever take it as a day job, in reference to this thread - it is likely impossible to make a consistent winning from gambling, there are day you win, even much more than $100, and there are days you will lose it all, to make a consistent $100 or more every day in gambling is a mirage, wishful thinking that might never happen.

Feel free to chip in your contribution.

Gambling wins if not properly managed will just secure short term happiness and that is all. Three days win in a row got the guy and that must have made him believe he didn't need his job anymore with the hope more wins were going to line up not knowing happy moments in gambling are just temporal and the spree of losses are never ending.

[LUCKMCFLY]

It all depends on the gambler involved in this kind of situation, making gambling as a source of income isn't bad at all as long as the gambler can always sought a means out for himself everytime

For people not to make gambling as a source of income is like a means of telling people how risky gambling is. I do tell people that they should not rely on gambling at all, that they should even be very careful about it. Not only gambling, but also trading. These two things are very risky, they can turn a rich person to a poor person in just few hours to days. People need to be careful.

Someone can decide to take just 5% of his weekly income to gamble weekly, that is not be. I do advice people not to use more than 5% of their weekly income to gamble weekly. But that do not stop me from saying that people should not make gambling as a source of income because I always think it is good for people to know that, which is actually the truth. Gambling should just be for fun and nothing else.

Indeed, gambling cannot be seen as a source of income, I know many friends who have told me that before playing in a casino, they told me that they see the casino as an ATM and that is a blunder, when they played Sometimes they won somehow and they told me, but I really didn't tell them anything, I just told them that I was happy but to be very careful, and after a while, at least 6 months later, I would see them again and they would tell me that They had left the casino because they lost a lot of money, that this is a vice, that they lent money and that they are still paying it off, the good thing is that they are working normally and paying their debts.

[serjent05]

It all depends on the gambler involved in this kind of situation, making gambling as a source of income isn't bad at all as long as the gambler can always sought a means out for himself everytime

For people not to make gambling as a source of income is like a means of telling people how risky gambling is. I do tell people that they should not rely on gambling at all, that they should even be very careful about it. Not only gambling, but also trading. These two things are very risky, they can turn a rich person to a poor person in just few hours to days. People need to be careful.

Someone can decide to take just 5% of his weekly income to gamble weekly, that is not be. I do advice people not to use more than 5% of their weekly income to gamble weekly. But that do not stop me from saying that people should not make gambling as a source of income because I always think it is good for people to know that, which is actually the truth. Gambling should just be for fun and nothing else.

Indeed, gambling cannot be seen as a source of income,

It can be a source of fund if we are winning but at the same time the cost of eating our funds if we are in al osing streak.  Gambling as many said is like a double edge sword where it can give you source  of income and at the same time make us lose money.

I know many friends who have told me that before playing in a casino, they told me that they see the casino as an ATM and that is a blunder, when they played Sometimes they won somehow and they told me, but I really didn't tell them anything, I just told them that I was happy but to be very careful, and after a while, at least 6 months later, I would see them again and they would tell me that They had left the casino because they lost a lot of money, that this is a vice, that they lent money and that they are still paying it off, the good thing is that they are working normally and paying their debts.

I guess this friends that told you casino i like an atm machine is now suffering short of resources because they now suffer losing streak and as you stated lost a lot.  Everyone must know that gambling result is random worst, in the long run favors the house especially when the house edge kicked in.

[AmoreJaz]

It all depends on the gambler involved in this kind of situation, making gambling as a source of income isn't bad at all as long as the gambler can always sought a means out for himself everytime

For people not to make gambling as a source of income is like a means of telling people how risky gambling is. I do tell people that they should not rely on gambling at all, that they should even be very careful about it. Not only gambling, but also trading. These two things are very risky, they can turn a rich person to a poor person in just few hours to days. People need to be careful.

Someone can decide to take just 5% of his weekly income to gamble weekly, that is not be. I do advice people not to use more than 5% of their weekly income to gamble weekly. But that do not stop me from saying that people should not make gambling as a source of income because I always think it is good for people to know that, which is actually the truth. Gambling should just be for fun and nothing else.

Indeed, gambling cannot be seen as a source of income, I know many friends who have told me that before playing in a casino, they told me that they see the casino as an ATM and that is a blunder, when they played Sometimes they won somehow and they told me, but I really didn't tell them anything, I just told them that I was happy but to be very careful, and after a while, at least 6 months later, I would see them again and they would tell me that They had left the casino because they lost a lot of money, that this is a vice, that they lent money and that they are still paying it off, the good thing is that they are working normally and paying their debts.

for sure, a lot of gamblers at one point went to the path of borrowing money as they wanted to fulfill their desires. and this is why gambling has bad connotation because of gamblers who are in deep debt but still trying to make a loan thinking that they can win and pay off their debts. however, very rare that it happens, the usual scenario is that they will incur more debts after debts.

[slapper]

It all depends on the gambler involved in this kind of situation, making gambling as a source of income isn't bad at all as long as the gambler can always sought a means out for himself everytime

For people not to make gambling as a source of income is like a means of telling people how risky gambling is. I do tell people that they should not rely on gambling at all, that they should even be very careful about it. Not only gambling, but also trading. These two things are very risky, they can turn a rich person to a poor person in just few hours to days. People need to be careful.

Someone can decide to take just 5% of his weekly income to gamble weekly, that is not be. I do advice people not to use more than 5% of their weekly income to gamble weekly. But that do not stop me from saying that people should not make gambling as a source of income because I always think it is good for people to know that, which is actually the truth. Gambling should just be for fun and nothing else.

Indeed, gambling cannot be seen as a source of income, I know many friends who have told me that before playing in a casino, they told me that they see the casino as an ATM and that is a blunder, when they played Sometimes they won somehow and they told me, but I really didn't tell them anything, I just told them that I was happy but to be very careful, and after a while, at least 6 months later, I would see them again and they would tell me that They had left the casino because they lost a lot of money, that this is a vice, that they lent money and that they are still paying it off, the good thing is that they are working normally and paying their debts.

Thinking of wagering as a steady income stream is fundamentally unsound, as it lacks the predictable return of a standard occupation. It's a game of chances and serendipity, not the consistency and stability you find with a traditional paycheck. Proposing to wager a mere 5% of your weekly earnings, albeit a safer bet than going all in, still needs careful consideration. Even a tiny fraction, over time, can pile up into a hefty sum, leading to long-term financial discomfort.

Your comrades' encounters vividly depict the potential pitfalls of betting. Casinos aren't cash fountains. Their main gig is to provide amusement, and their operations are geared to ensure that, over time, gamers part with more than they haul in. The key is to tackle wagering with a lucid grasp of its perils. If one chooses to participate, it ought to be done sensibly and within one's budgetary constraints. That's the mantra to live by.

[Maslate]

It all depends on the gambler involved in this kind of situation, making gambling as a source of income isn't bad at all as long as the gambler can always sought a means out for himself everytime

For people not to make gambling as a source of income is like a means of telling people how risky gambling is. I do tell people that they should not rely on gambling at all, that they should even be very careful about it. Not only gambling, but also trading. These two things are very risky, they can turn a rich person to a poor person in just few hours to days. People need to be careful.

Someone can decide to take just 5% of his weekly income to gamble weekly, that is not be. I do advice people not to use more than 5% of their weekly income to gamble weekly. But that do not stop me from saying that people should not make gambling as a source of income because I always think it is good for people to know that, which is actually the truth. Gambling should just be for fun and nothing else.

Indeed, gambling cannot be seen as a source of income, I know many friends who have told me that before playing in a casino, they told me that they see the casino as an ATM and that is a blunder, when they played Sometimes they won somehow and they told me, but I really didn't tell them anything, I just told them that I was happy but to be very careful, and after a while, at least 6 months later, I would see them again and they would tell me that They had left the casino because they lost a lot of money, that this is a vice, that they lent money and that they are still paying it off, the good thing is that they are working normally and paying their debts.

for sure, a lot of gamblers at one point went to the path of borrowing money as they wanted to fulfill their desires. and this is why gambling has bad connotation because of gamblers who are in deep debt but still trying to make a loan thinking that they can win and pay off their debts. however, very rare that it happens, the usual scenario is that they will incur more debts after debts.

Actually, it's not that very rare because we or I can still hear some news or some stories about a gambler who already buried himself from having a mountain of debts with almost no hopes to pay it all. Loans are counted as they also see that as an option to continue their desires and continue their activity with the hopes and goal of being lucky in a single night to get free from all the debts and problems. Honestly though, there's almost no difference at all between gambling addicts and drug addicts as they both are willing to have any means just to continue their desires including robbing someone worse it's their family.

[Theones]

Actually, it's not that very rare because we or I can still hear some news or some stories about a gambler who already buried himself from having a mountain of debts with almost no hopes to pay it all. Loans are counted as they also see that as an option to continue their desires and continue their activity with the hopes and goal of being lucky in a single night to get free from all the debts and problems. Honestly though, there's almost no difference at all between gambling addicts and drug addicts as they both are willing to have any means just to continue their desires including robbing someone worse it's their family.

so true / the debt is killer and you dont have an idea where you are going wrongno always true - not always applicable to all the situations.
The personal needs are surly the preference. That is correct that many people would be needing one thing other would not be needing anything!

[Webetcoins]

Actually, it's not that very rare because we or I can still hear some news or some stories about a gambler who already buried himself from having a mountain of debts with almost no hopes to pay it all. Loans are counted as they also see that as an option to continue their desires and continue their activity with the hopes and goal of being lucky in a single night to get free from all the debts and problems. Honestly though, there's almost no difference at all between gambling addicts and drug addicts as they both are willing to have any means just to continue their desires including robbing someone worse it's their family.

You are right that it is not very rare to see gamblers taking loans only to gamble more with the hope that they might get a lot of money at once and they will pay all the debts and will even have more left, but what usually happens is the opposite of that, and they lose the currently borrowed money as well. It barely happens that one wins in gambling after taking a loan and then successfully repaying the loan with that money.

That is why it is important to understand that taking loans for gambling or any kind of stuff that involve luck is a very bad idea you will end up building up tension and nothing else, and in the end, you will start looking for evil ways in order to get money so that you can get out of the situation you've got yourself into.

[Theones]

Actually, it's not that very rare because we or I can still hear some news or some stories about a gambler who already buried himself from having a mountain of debts with almost no hopes to pay it all. Loans are counted as they also see that as an option to continue their desires and continue their activity with the hopes and goal of being lucky in a single night to get free from all the debts and problems. Honestly though, there's almost no difference at all between gambling addicts and drug addicts as they both are willing to have any means just to continue their desires including robbing someone worse it's their family.

You are right that it is not very rare to see gamblers taking loans only to gamble more with the hope that they might get a lot of money at once and they will pay all the debts and will even have more left, but what usually happens is the opposite of that, and they lose the currently borrowed money as well. It barely happens that one wins in gambling after taking a loan and then successfully repaying the loan with that money.

That is why it is important to understand that taking loans for gambling or any kind of stuff that involve luck is a very bad idea you will end up building up tension and nothing else, and in the end, you will start looking for evil ways in order to get money so that you can get out of the situation you've got yourself into.

if the borrower have a plan in the mind thinking everything will go according to the plan then that is surely the most foolish thing one could believe.
not always what is on you mind is exactuly what you would think

[Fivestar4everMVP]

Actually, it's not that very rare because we or I can still hear some news or some stories about a gambler who already buried himself from having a mountain of debts with almost no hopes to pay it all. Loans are counted as they also see that as an option to continue their desires and continue their activity with the hopes and goal of being lucky in a single night to get free from all the debts and problems. Honestly though, there's almost no difference at all between gambling addicts and drug addicts as they both are willing to have any means just to continue their desires including robbing someone worse it's their family.

You are right that it is not very rare to see gamblers taking loans only to gamble more with the hope that they might get a lot of money at once and they will pay all the debts and will even have more left, but what usually happens is the opposite of that, and they lose the currently borrowed money as well. It barely happens that one wins in gambling after taking a loan and then successfully repaying the loan with that money.

That is why it is important to understand that taking loans for gambling or any kind of stuff that involve luck is a very bad idea you will end up building up tension and nothing else, and in the end, you will start looking for evil ways in order to get money so that you can get out of the situation you've got yourself into.

if the borrower have a plan in the mind thinking everything will go according to the plan then that is surely the most foolish thing one could believe.
not always what is on you mind is exactuly what you would think

To be sincere with you, it is not exactly foolish to expect things to work out the way we envisioned it in our minds, but rather, it becomes foolish if we do not have a backup plan, that is, a plan B, something to fall back on just incase things at the end of the day didn't go the way we planned it.
People do take loans for various reasons, and purposes, some still gamble from the money borrowed, and not all of them that do that end up in the gutters, some still get lucky and win just as they had hoped, but then, others still lose their bet as well as the money, if they have a back up plan, the loss is usually not a big deal, but if they don't, that is where the problem lies.

[Lanatsa]

Actually, it's not that very rare because we or I can still hear some news or some stories about a gambler who already buried himself from having a mountain of debts with almost no hopes to pay it all. Loans are counted as they also see that as an option to continue their desires and continue their activity with the hopes and goal of being lucky in a single night to get free from all the debts and problems. Honestly though, there's almost no difference at all between gambling addicts and drug addicts as they both are willing to have any means just to continue their desires including robbing someone worse it's their family.

You are right that it is not very rare to see gamblers taking loans only to gamble more with the hope that they might get a lot of money at once and they will pay all the debts and will even have more left, but what usually happens is the opposite of that, and they lose the currently borrowed money as well. It barely happens that one wins in gambling after taking a loan and then successfully repaying the loan with that money.

That is why it is important to understand that taking loans for gambling or any kind of stuff that involve luck is a very bad idea you will end up building up tension and nothing else, and in the end, you will start looking for evil ways in order to get money so that you can get out of the situation you've got yourself into.

if the borrower have a plan in the mind thinking everything will go according to the plan then that is surely the most foolish thing one could believe.
not always what is on you mind is exactuly what you would think

To be sincere with you, it is not exactly foolish to expect things to work out the way we envisioned it in our minds, but rather, it becomes foolish if we do not have a backup plan, that is, a plan B, something to fall back on just incase things at the end of the day didn't go the way we planned it.
People do take loans for various reasons, and purposes, some still gamble from the money borrowed, and not all of them that do that end up in the gutters, some still get lucky and win just as they had hoped, but then, others still lose their bet as well as the money, if they have a back up plan, the loss is usually not a big deal, but if they don't, that is where the problem lies.

Totally foolish i would say on the time that you would really be expecting on something which it isnt realistic at all or something that we can say that it cant really be happening at all no matter how hard you do try or how hard you do push it. Consistent winning on gambling is never been that possible, yes, you might really be able to get some consecutive wins for some time but come to mind that it wont really be  that just easy as it sounds or looks on which its never been that possible because thats not how this system or reality works. Gambling is for entertainment and house do always win in the end and there's
no way that for someone could have that consistent win.

If you do bare up on mind and really be that thinking that you are really that able to hit that kind of goal then for sure you would be molding up yourself on becoming an addict.Why?
you would be pursuing on things which it isnt really that possible Gambling is a game of chance and we know that luck isnt on our side as always.

[o48o]

for sure, a lot of gamblers at one point went to the path of borrowing money as they wanted to fulfill their desires. and this is why gambling has bad connotation because of gamblers who are in deep debt but still trying to make a loan thinking that they can win and pay off their debts. however, very rare that it happens, the usual scenario is that they will incur more debts after debts.

It's really weird how some people tell themselves that they would need a loan to get on their feet with gambling when it's obviously just feeding addiction.
If those people could fund their lifestyle with gambling, they wouldn't need the loan in the first place. But i guess it's hard to see own cognitive bias even when you are so much in loss that you think loan would fix it. Obviously there's a change it can but that's just insane risk taking. Not fun and not responsible.

[indah rezqi]

To be sincere with you, it is not exactly foolish to expect things to work out the way we envisioned it in our minds, but rather, it becomes foolish if we do not have a backup plan, that is, a plan B, something to fall back on just incase things at the end of the day didn't go the way we planned it.
People do take loans for various reasons, and purposes, some still gamble from the money borrowed, and not all of them that do that end up in the gutters, some still get lucky and win just as they had hoped, but then, others still lose their bet as well as the money, if they have a back up plan, the loss is usually not a big deal, but if they don't, that is where the problem lies.

Usually losses can lead to financial problems even if they have a backup plan. I mean, it's because they lost money that was borrowed money. I'm not sure what backup plan to think of when a gambler has used up that loan money over a few of their gambling sessions, will they get another loan and try to recover the losses?

[Blitzboy]

~

Totally foolish i would say on the time that you would really be expecting on something which it isnt realistic at all or something that we can say that it cant really be happening at all no matter how hard you do try or how hard you do push it. Consistent winning on gambling is never been that possible, yes, you might really be able to get some consecutive wins for some time but come to mind that it wont really be  that just easy as it sounds or looks on which its never been that possible because thats not how this system or reality works. Gambling is for entertainment and house do always win in the end and there's
no way that for someone could have that consistent win.

If you do bare up on mind and really be that thinking that you are really that able to hit that kind of goal then for sure you would be molding up yourself on becoming an addict.Why?
you would be pursuing on things which it isnt really that possible Gambling is a game of chance and we know that luck isnt on our side as always.

Are we actualy defending the notion of gambling with borrowed money, even if theres a backup plan? Sure, we all need a plan B in life. Thats just common sense! But taking a loan to gamble isnt just walking on thin ice; it's jumping up and down on it!

Listen, Im not denying the existence of lucky streaks, but let's get real. A winning streak in gambling is as stable as a house of cards in a storm. Yeah, someone might get lucky once, twice, even thrice. But expecting that luck to stick around is like expecting rain in the Sahara. Not gonna hapen, mate!

A plan B won't save you if youre digging your own grave. You can't just gamble your way to prosperity. And if you think you can...well, as they say, theres a sucker born every minute!

[NeilLostBitCoin]

To be sincere with you, it is not exactly foolish to expect things to work out the way we envisioned it in our minds, but rather, it becomes foolish if we do not have a backup plan, that is, a plan B, something to fall back on just incase things at the end of the day didn't go the way we planned it.
People do take loans for various reasons, and purposes, some still gamble from the money borrowed, and not all of them that do that end up in the gutters, some still get lucky and win just as they had hoped, but then, others still lose their bet as well as the money, if they have a back up plan, the loss is usually not a big deal, but if they don't, that is where the problem lies.

Usually losses can lead to financial problems even if they have a backup plan. I mean, it's because they lost money that was borrowed money. I'm not sure what backup plan to think of when a gambler has used up that loan money over a few of their gambling sessions, will they get another loan and try to recover the losses?

Yes it is true, it will be another problem if the money that they used came from loan or they just borrowed it . It will not be good for them since the interest will getting bigger but they don't have anything to play with because they already lose the money they borrowed this will lead to another problem in the future and will cause them to frustrations because they can no longer pay for it , that's the sad part of it. So as much as possible I will not do borrow money or lend just for me to gamble because there's no assurance that I will win it all.

[Ebede]

Gambling as game of luck, gamblers should know that is not every time you win because prediction is an unforseen circumstances so you might not win all the time in other not to get offended when it doesn't happen they way you expected to be, gambling is not sure as the name implies, you gamble not because you are sure but becuase you might be lucky.

[btc_angela]

for sure, a lot of gamblers at one point went to the path of borrowing money as they wanted to fulfill their desires. and this is why gambling has bad connotation because of gamblers who are in deep debt but still trying to make a loan thinking that they can win and pay off their debts. however, very rare that it happens, the usual scenario is that they will incur more debts after debts.

It's really weird how some people tell themselves that they would need a loan to get on their feet with gambling when it's obviously just feeding addiction.
If those people could fund their lifestyle with gambling, they wouldn't need the loan in the first place. But i guess it's hard to see own cognitive bias even when you are so much in loss that you think loan would fix it. Obviously there's a change it can but that's just insane risk taking. Not fun and not responsible.

It's just sort of justifying their excuses, taking out loans and then whey they say that they are not going back to gambling, then you see them betting again and maybe frequented casinos too.

I'm not saying that I'm perfect, but I never really took out loans just to gamble the money and take that risk. As for the subject of consistent winning, sure gambling is not the way and we should know that by now. We might get lucky this day, but chances are those winnings if you try to comeback to casino and play again, will be sway under you in a snap.

[len01]

It's just sort of justifying their excuses, taking out loans and then whey they say that they are not going back to gambling, then you see them betting again and maybe frequented casinos too.

I'm not saying that I'm perfect, but I never really took out loans just to gamble the money and take that risk. As for the subject of consistent winning, sure gambling is not the way and we should know that by now. We might get lucky this day, but chances are those winnings if you try to comeback to casino and play again, will be sway under you in a snap.

everyone has their own character and personality, maybe you don't really think about borrowing funds to gamble, but some people want to gamble using money from loans.
but this kind of thing usually happens to gambling addicts. they will continue to gamble chasing losses to recover losses in the hope of borrowing money to bet again hoping to get a win to be able to recoup previous losses.

well, from this problem we know that expecting something big from gambling is very impossible even though it's something small that is difficult to expect from gambling.
so it's better to enjoy gambling for fun than to take it seriously expecting to win from gambling.

[Josefjix]

It's just sort of justifying their excuses, taking out loans and then whey they say that they are not going back to gambling, then you see them betting again and maybe frequented casinos too.

I'm not saying that I'm perfect, but I never really took out loans just to gamble the money and take that risk. As for the subject of consistent winning, sure gambling is not the way and we should know that by now. We might get lucky this day, but chances are those winnings if you try to comeback to casino and play again, will be sway under you in a snap.

Taking high risks only to get money through gambling, or taking out loans, is never an option to consider because there is always a negative to every solid objective. Debts are yet another thing that will not benefit one, because at the end of the day, one will learn that he or she has sold everything owing to debts. Consistent winning is not assured; there are always setbacks in whatever we do, and gambling is one of them. Gambling is perilous, and I would not recommend gambling to any of my peers; the experience is always bad, even if one makes money, and one never knows what will happen.