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

[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.

[1715412399]

1715412399

[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!