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

[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]

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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.