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

[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.

[1714571004]

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[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.