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

[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.

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[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.