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[khaled0111]

Patient people minimize their risk level by using methods like Kelly criterion etc to play for a longer period with their bankroll.

Personally, I am a patient person though I prefer Yolo gambling which is high risk, high reward thanks to which I play for only short periods.

Can you tell us more about this method? It seems interesting, especially for a person like me who is interested in learning more about bankroll management and how to minimize risks.
Sorry for my ignorance, but this is the first time to heard about the Kelly criterion method!
Regarding Yolo games, I don’t really understand how someone can handle the pressure of such high-risk games and then say he knows how to manage his bankroll!

[Lida93]

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Anyone who's doubting this should go back and o his maths again before jumping to argue against it because it's just what it is and no matter how much a gambler(s) win in profit for the day it's just a kind of money flow among the gamblers using that same casino because primarily  the money paid isn't originally paid from the casino pocket but from the accumulated losses of other gamblers for that day. And still the casino makes their profit because of how losses are usually highers than the winnings of customers. It's always like 1 win in 10 losses.

Business is no business if there is no profit, I agree with that fully.

By the end of the day, casinos are the same thing as shops or any service that brings joy to you - you pay, you get excited, and you get out if you had no luck.

For casinos services it's a service that aims at providing fun (joy) to the gambler and as well as promising a reward thrust on luck. And the chances are that you can actually not get the fun and the rewards either while the casino still makes their profits. So either ways the casino stands at an advantage position to continue being profitable whether you cashing the fun, losing or won. That's why I would want to agree with what some gambling school of thought says that "you can't beat the house", no matter what are the results.

[CroverNo01]

Also, with risk management one can minimize his risks but that doesn't mean that a gambler couldn't lose if he is apply risk management. Its just that he won't be losing too much money too quickly.  

The problem is that many gamblers don't like to make use of risk management because they find it to be an uneasy way to become quickly profitable when gambling. Just imagine using 1% of your bankroll to gamble each day and if you have like $100 in your bankroll, it means you will be forced to use $1 and below to gamble each day. How long can one gamble to become reasonably profitable with just one $1. Logically this can be considered as inefficient.

How it is possible to use risk menedgement in casino. Risks are unpredictable in casino and it is impossible to manage them.

At the end of the day, what matters is that we should only gamble what we can afford to lose because at the end of the day, we all want to win and win big in gambling but regardless of all that, I think using only walhatbwr can afford to lose is the easiest and safest way to manage risk in gambling.

[khaled0111]

That's why I would want to agree with what some gambling school of thought says that "you can't beat the house", no matter what are the results.

"You can’t beat the house" most gamblers know this and they have no doubt that it’s true. However, I think we need to complete the sentence to make it more precise/accurate. We must say: "You can’t beat the house in the long run".
You can make a few bets and end up winning. If you decide to withdraw your winnings at that point and stop gambling, then you obviously beat the house. But if you choose to continue playing, everyone knows that you will lose all your deposited money along with all the money you had won previously at the end of the day. At that point, it’s the house that has won.

[MainIbem]

That's why I would want to agree with what some gambling school of thought says that "you can't beat the house", no matter what are the results.

"You can’t beat the house" most gamblers know this and they have no doubt that it’s true. However, I think we need to complete the sentence to make it more precise/accurate. We must say: "You can’t beat the house in the long run".
You can make a few bets and end up winning. If you decide to withdraw your winnings at that point and stop gambling, then you obviously beat the house. But if you choose to continue playing, everyone knows that you will lose all your deposited money along with all the money you had won previously at the end of the day. At that point, it’s the house that has won.

Your point is valid mate, one can beat the house through luck maybe on their first trial or on their lucky days but on the long run the house edge supercedes, it's something that's been proven and im speaking based on experience cause I win sometimes and lose too, which is why every gambler is adviced to do it with what they can spare from their discretionary in other words "what they can afford to lose". However, it's also advisable to withdraw a large portion of reward won so you don't end up losing it all to the house. Anyways I've never seen anyone that won on their first trial and quit completely, although it's possible based on the amount the person won.

[mitchr4]

I think that it is impossible to manage the risks in casino because the risks in casino unpredictable and even the casino inself can not predict all risks.
Players in casino can not predict all risks they dust play. And they play for playing and do not think about risks.

I think casinos are actually very good at predicting their risks. They do this through house edge and analysis. The unpredictable part is individual player results, but in the long term the house always profits. That's why they can keep operating because the odds are built in their favor.

[Agbamoni]

For casinos services it's a service that aims at providing fun (joy) to the gambler and as well as promising a reward thrust on luck. And the chances are that you can actually not get the fun and the rewards either while the casino still makes their profits. So either ways the casino stands at an advantage position to continue being profitable whether you cashing the fun, losing or won. That's why I would want to agree with what some gambling school of thought says that "you can't beat the house", no matter what are the results.

This caisnos do not really care about the gamblers. They dont care about your joy, they dont care if you make a profit or if you lose. They are there to run a business that can bring them huge profits in the end. This is the main reason why most casinos dont keep to their Tos which is very bad. The least they can do is after providing a good service, they should also keep to the agreement arrangment made in their Tos. Although they are aware that as a gambler you either having fun or trying to make profit.

[arwin100]

That's why I would want to agree with what some gambling school of thought says that "you can't beat the house", no matter what are the results.

"You can’t beat the house" most gamblers know this and they have no doubt that it’s true. However, I think we need to complete the sentence to make it more precise/accurate. We must say: "You can’t beat the house in the long run".
You can make a few bets and end up winning. If you decide to withdraw your winnings at that point and stop gambling, then you obviously beat the house. But if you choose to continue playing, everyone knows that you will lose all your deposited money along with all the money you had won previously at the end of the day. At that point, it’s the house that has won.

In long run yes, since the more gamblers spend lots of time playing the more bigger chance that they eventually losing the money they had.

But if they aim and well discipline not to exceed on their limitations maybe we might get more chance to win against the house. Usually it happens if we spend less time on gambling and immediately quit once we already win.

Although not all the time this situation will happen, but if they have great chance to secure their profit better do it and don't wait for bad luck to came then take all their money.

[Bushdark]

For casinos services it's a service that aims at providing fun (joy) to the gambler and as well as promising a reward thrust on luck. And the chances are that you can actually not get the fun and the rewards either while the casino still makes their profits. So either ways the casino stands at an advantage position to continue being profitable whether you cashing the fun, losing or won. That's why I would want to agree with what some gambling school of thought says that "you can't beat the house", no matter what are the results.

This caisnos do not really care about the gamblers. They dont care about your joy, they dont care if you make a profit or if you lose. They are there to run a business that can bring them huge profits in the end. This is the main reason why most casinos dont keep to their Tos which is very bad. The least they can do is after providing a good service, they should also keep to the agreement arrangment made in their Tos. Although they are aware that as a gambler you either having fun or trying to make profit.

These people are into business and all they care about is to make huge profits. What is there business with you if you lose everything you have to them. Do not forget that they will always give you bonus to entice you so that you don't start thinking that gambling is not good for you. The bonus should be okay for gamblers who know how to use bonus to recover their loses.
This isn't fun but based on what you can gain from a casino quickly.

[khaled0111]

one can beat the house through luck maybe on their first trial or on their lucky days but on the long run the house edge supercedes, it's something that's been proven and im speaking based on experience cause I win sometimes and lose too, which is why every gambler is adviced to do it with what they can spare from their discretionary in other words "what they can afford to lose". However, it's also advisable to withdraw a large portion of reward won so you don't end up losing it all to the house. Anyways I've never seen anyone that won on their first trial and quit completely, although it's possible based on the amount the person won.

Just like I said, you can always win and make some nice profit, but that will never be enough to say that you beat the house. It’s good to know that there are gamblers who understand how the house edge works and how it works in favor of the house. However, I feel sad when you or someone else says that they realized or learned this only through experience because this is something one should know in advance, even before placing their very first bet.

[Mrbluntzy]

Most gamblers not only spend a lot of time for playing casino games in long run but also spend a lot of money.
Only few peoples win. Mostly gamblers lose their money.

Only a few gamblers are able to win from gambling, and those few gamblers also have times when they usually lose too to gambling. It's not as if those few who usually win don't have their losing time, and those that lose often are also lucky a few times, but overall, a very small percentage of all gamblers usually don't win up to 20% of their overall losses to gambling, which is why gambling industries are running at a profit. No matter the amount of big winnings celebrated by a few people, the losses from others pay the bill.

[jcojci]

Most gamblers not only spend a lot of time for playing casino games in long run but also spend a lot of money.
Only few peoples win. Mostly gamblers lose their money.

Only a few gamblers are able to win from gambling, and those few gamblers also have times when they usually lose too to gambling. It's not as if those few who usually win don't have their losing time, and those that lose often are also lucky a few times, but overall, a very small percentage of all gamblers usually don't win up to 20% of their overall losses to gambling, which is why gambling industries are running at a profit. No matter the amount of big winnings celebrated by a few people, the losses from others pay the bill.

That are lucky gamblers who wins from gambling. Most people lost their money even if they deciding to keeps playing. They will risks more money and the lose will be bigger. Lose is certain but we can avoid the big lost so we don't have to feels sad. Gambling is for fun but we don't have to gambling every days.

If many people realizes this, they will not getting a trap in gambling and will not addicted to gambling. But it is their fault that hoping to makes money from gambling. They just leaving gambling with desperately without having a chance to recovers their losses or winning money.

[Barikui1]

This caisnos do not really care about the gamblers. They dont care about your joy, they dont care if you make a profit or if you lose. They are there to run a business that can bring them huge profits in the end. This is the main reason why most casinos dont keep to their Tos which is very bad. The least they can do is after providing a good service, they should also keep to the agreement arrangment made in their Tos. Although they are aware that as a gambler you either having fun or trying to make profit.

Are you being serious about this right now?
You expect the casino to babysit you to the extent of making sure you are happy or you are having more winnings, while they will be losing?
If you are looking for what would give you joy, I really don't think that gambling is part of those activities.
I am not that sure on the aspect of them not keeping to their terms and conditions, because most casinos I have gamble with have not held back my winnings or do anything contrary to their tos, but I want you to understand that life is all about interest, and just like the gambler, they will always do things that best serve their interest, so it's either we grow up and accept the reality or stay off gambling.