Are you in profit?

[Silberman]

I have noticed some individuals claiming to be successful in gambling.
but, my personal experience with online gambling platform over the past 8 months has been consistently unprofitable
I haven't broken even or made any gains. I'm curious if anyone in our community has actually achieved profitability through gambling. If yes, we can calculate that how much percentage of us are profitable.
I know most of the people pay to win and deposit to recover previous losses.

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[color=green]YES[/color] [color=red]NO[/color]

Obviously I am on the RED, only professional gamblers and those that got lucky are on the green and there are many of those gamblers that eventually go from the green to the red, but this is to be expected as the odds are against us and very few have the skills to beat the casinos at their own games, however I do not think too much of it as even if I am on the red the amount I have lost gambling is not really significant and I can deal with it.

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[cafter]

It should have been a poll if you wanna know the stats.  For me, I'm not in profit. Reckless bets because of aiming too high. If I have to calculate my loss, it might not be a very huge loss to decide to quit already. Its still good to keep it going. I win today the next day I lose, its the cycle that I'm in.

Gamblers show off only the bets that they won but don't know how much was lost.

Right I forgotten about the poll, I added the poll now not need to make a sheet.
also it will be anonymous voting no one can know that they are in profit in gambling.
And discussion will be continued here: https://bitcointalk.org/index.php?topic=5474628.0

[mirakal]

Yes, take a look at my recent post. I have been very profitable by only placing matches I am 100% confident in.

Wow, you've ignite my interest in checking out your posts. Honestly, I haven't come across many people boldly claiming they're super profitable in public. But if what you're saying is true, then I'm intrigued. Let's see, or maybe you'd like to share some strategies here?

+416k usd, that's a huge money man.

just creacted this month, https://bitcointalk.org/index.php?topic=5473696.msg63172216#msg63172216

[piebeyb]

If you see a streamer or influencer always winning and being successful, you are trapped in their marketing. Isn't it often discussed in this forum that streamers and influencers collaborate with casinos so that what you only see are their wins and success stories, I personally never think about winning when gambling, let alone think about how to make a profit, let alone recover the money you have lost.

I understand the risk of gambling, namely losing a lot of money, so I will not think that I am wasting money by gambling, I always think that I am playing a fun game and I pay for it and then leave when I feel happy, so I don't think that I am making money from gambling , just thought I could relieve stress from work on the weekend by gambling, so don't expect you to make a profit  

[Suzume]

At the starting of cricket world cup season. I deposited 5$ in ball6 betting platform. Today is the ending of the cricket world cup season. This season I totally earn around 30$. My mainly intention was if I loss the 5$ amount then I will not deposit again. I play safely in this season I know the amount is to low but this is a part of gambling and I am in profit. I do every tile like this that's the reason when I faces losses that is not that much big amount.

[KTChampions]

I think it might be better if you put a poll so that we can vote instead of those colors.

Nevertheless, just like others, I'm into the negative as well. Just last night, went out with my friends and to go casino and I have a budget, I did bring some money, initial it was just up and down. But suddenly I'm on the losing streak and we all lost some money. Me? half of my capital was lost too, 50% of it. So I just went home with another half of the money that I brought in. Others might say that at least I didn't lose everything, but yeah, at least I enjoy with my friends, had a few drinks.

It would be good if the OP (since he created the topic and is interested in this question) counted the number of answers and compiled statistics.
By the way, if we take into account not only the financial side, but also the pleasure that we get from gambling, the number of players who are in the black would be much greater than in the case when we take into account only finances. In my opinion, this is logical, because we don’t complain about cinemas because we spend money on tickets, but for some reason we complain about casinos 

[Marvelman]

Yeah, It's super annoying hearing people brag about how much money they've made gambling.  But for most of us it's more like we just keep losing over and over lol. 

From my observation, I think people talk about losses more than wins. Maybe they keep it secret to avoid unnecessary attention from friends, family, or even criminals. Most people I have seen who brag about wins do that to either promote the gambling firm or for other ulterior motives.

You're right. People tend to shout about their losses way more than their jackpots.  I bet it's 'cause there's tons more bum luck gamblers than high rollers.  Could be some sore losers even say bogus stuff like the games are fixed and  maybe they wanna trash the casinos rep, or even shake 'em down for money back after bad beats.

[temple]

Yeah, It's super annoying hearing people brag about how much money they've made gambling.  But for most of us it's more like we just keep losing over and over lol. 

From my observation, I think people talk about losses more than wins. Maybe they keep it secret to avoid unnecessary attention from friends, family, or even criminals. Most people I have seen who brag about wins do that to either promote the gambling firm or for other ulterior motives.

You're right. People tend to shout about their losses way more than their jackpots.  I bet it's 'cause there's tons more bum luck gamblers than high rollers.  Could be some sore losers even say bogus stuff like the games are fixed and  maybe they wanna trash the casinos rep, or even shake 'em down for money back after bad beats.

This is the opposite for me and that is not only online, but also in real life that people brag about their winnings while never mentioning their losses. I am really puzzled now that this is different for you guys? How is that possible because everyone I know would agree that most people hide their losses or make them smaller as they are, but when they win big there is this one huge story to be told and how this 20 multi-way bet was successful and bla bla.

[Ever-young]

First of... Gambling isn't a business you just go into with a 100% hopes of making profits, if that's how you see gambling then ylget ready to quite gambling sooner than you can imagine, because just like now, you might find out that you've really not been in luck and aren't making any profits yet, and when you see yourself like not making as much profit as youce anticipated after you've done your evaluations then the next thought would be to quit.

Gambling is a 50/50 thing, you get it or you don't, it's a two way thing, and one thing you must have in mind before entering into the gambling business, it's the fact that gambling was created and programmed to always be in favour of the casino majority of the time so if you feel like you're not winning most of the time then relax because that's how it's supposed to be. Sometimes you win, most times you loose, that's gambling for you bro. Then again, in all my years of gambling I've not heard there's a particular technique gamblers us in order to maintain a constant win, there are no hacks, just 100% luck, although in some cases you may be availed with materials and analytical tools that may aid you in coming up with a decision but it's still not certain the result would turn out positive.

Yeah there are people who became rich through gambling but it's still pure luck and majority are high riskers. Whether you're making profits or not isn't a big deal in gambling, you can either decide to quite or keep trying until the day it eventually favours you

[tokeweed]

Am I in profit?  From sports betting?  Yup, of course I'm not!  Lolol.  But I had that one year of having a good run at betting the EPL.  It was during 2017...  I thought I could do it as a side gig for extra cash but then the next couple of years I proceeded in giving back the books the money that I've won.    So no.  Don't try to make sports betting as a form of 'work' kids.

It's fun tho cos it makes watching the matches more exciting.

[Ever-young]

@OP profitability in gambling is define by how they control their gambling session.  How they are able to stop when they are winning and to be able to stop playing to cut their unlucky session.

So far I am still on break even, I could have been on a green if only I decided to stop when I am having a 3x to 4x win of my bankroll.  But alas, greed sometimes dominate me so I keep on playing until my bankroll got depleted.

I believe most of us here are in negative especially those who are playing without time limitation.

Although the house has the hedge there are gamblers that might have broken even and had profitable gambling life except that his profitable sets of gamblers in gambling their number aren't significant compared to the losing number of gamblers in other words we have a greater number of non profitable gamblers to profitable ones. To bother oneself on which side of the radar you fall in can be daunting it is like keeping the records for losses and winnings - but the question is to what purpose when you can't choose what will happen next win or a loss.

As I stated profitability is dictated by the decision to stop when winning.  Those who are able to win in gambling are those who are able to decide to quit the session and withdraw the winnings to come back again another day.

This is very notable and important point that every gambler should have in mind at all time. Leaving with your winnings while you have them has always been a very tough decision to make in every gambler's life. You notice you've just made a x3 to x4 on your bank role which is a big win, enough for you to leave and celebrate your successful day of a good win but greed gets in and you want to make more profits lol and before you know, you're left with nothing but regrets. Another thing is knowing when to call it a quit. Some people never know when to call it a quit, not until they have nothing more to loose, a gambler should learn to set a limit for himself, and once you've reached that limit, walk away and don't go further because that's the point where you want to just recover your loses, the gain won't be your problem at that point, you just wanna take back your money and then you find yourself loosing more and more and more. Learn to set a limit and stick to that limit.

[Jemzx00]

Am I in profit?  From sports betting?  Yup, of course I'm not!  Lolol.  But I had that one year of having a good run at betting the EPL.  It was during 2017...  I thought I could do it as a side gig for extra cash but then the next couple of years I proceeded in giving back the books the money that I've won.    So no.  Don't try to make sports betting as a form of 'work' kids.

It's fun tho cos it makes watching the matches more exciting.

You don't ever do sports betting or gambling in general as a side gig, I've learned it the hard way  . This is also the reason I've barely do sports betting as I know I'll be on the same place like my other friends where most of their profits are already gone. But, still with my continuous dice and casino games bets, I'm still on a red in overall of my gambling activity.

It's really fun and exciting especially when it's almost as tie match or your team is on the advantageous side but kinda depressing when it's almost a guaranteed lose.

[Cookdata]

I have noticed some individuals claiming to be successful in gambling.
but, my personal experience with online gambling platform over the past 8 months has been consistently unprofitable
I haven't broken even or made any gains. I'm curious if anyone in our community has actually achieved profitability through gambling. If yes, we can calculate that how much percentage of us are profitable.
I know most of the people pay to win and deposit to recover previous losses.

Sorry to ask, have you been gambling for long or you just started online gambling recently? Do you play casino crypto games or you are strictly sportsbook man. The reason why I'm asking this is to give you the best answer to your problem and reason why you are losing since 8 months ago.

Just day before yesterday, I staked some amount and picked some basketball games, it was 6.25 odd and I lost 2 ticket, I did stake 3 actually. The ones I lost had more amount staked than the amount I lose but the smaller odd of 6.25 were actually randomly selected from the two long odd which I believe will come home and it did. Since then, I haven't played any again and the amount I made from that game help recover all my loss for this month of November.

What am I say, if you are gambling, stick to one of them and continue to improve your skills in them, with time you will master your way to win them. If you are a casino guy, learn first before you start playing and if you are sport guy, more experience will make you stand firm and don't forget to follow around some of this bets guys, they have experience in this and will tell you some of the mistakes they made in past which you should avoid.

[coin-investor]

I have noticed some individuals claiming to be successful in gambling.
but, my personal experience with online gambling platform over the past 8 months has been consistently unprofitable

You're not the only one I had a roller coaster ride in the past 3 months I won once and lost twice It has been going like this for the past three months since I am comfortable with my losses I do not have a hard time accepting my losses, it's just the way it was you have to take it and move on

I know most of the people pay to win and deposit to recover previous losses.

We cannot stop gamblers from thinking that, because every session is a chance to win and recover your losses, I am also guilty of this but there's no harm in hoping and trying as long as you are not harmed mentally in case you fail to recover your losses, we have to accept the results whether in our favor or not, that's gambling.

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Context: [color=red]NO[/color]

[GigaBit]

I have been gambling for a long time and if I do the calculations, my losses will be high. But still I gamble because I enjoy it. Everyone comes to gambling for the profit and I am no exception but here I really enjoy the time between winning and losing. I think people who have high losses in gambling also enjoy it. Moreover, I don't think the number of people who are gambling and make profit  their amount is not high because those who I ask about their profit, they express the same thing as me, that they also lose. But it cannot be said that it will be the same for everyone. There are many who have won jackpots or big lottery wins, they can definitely make profit but nothing can be said certainly.

[Gozie51]

If more people who gamble confirms that they are in loss more than they are in profit then it is what it is. Gambling is basically to the profit of those who own the gambling houses or the casino. I don't know of a gambling house that has packed up especially offline or casinos who are not genuine but only wanted to scam people.

So with your experience, you are not the only one in losses but I will not continue for straight months without taking a break and probably coming back.

[Solosanz]

NO

If someone say yes it means they're either not a regular gambler or they're lying, not a regular gambler is someone who gamble mostly when there's an interesting promotion or quit after making money, which is understandable and that's fine.

In conclusion, I don't feel that bad while gambling and losing while enjoying. So Yes again I'm in profit.

Dude, do you even understand what you're saying? you're talk like you're in lose, then suddenly say you're in profit lol.

[ajiz138]

So with your experience, you are not the only one in losses but I will not continue for straight months without taking a break and probably coming back.

I'm one of those who lost money in gambling, isn't this a normal thing that we know?
So some people will experience more losses than wins so there is no need to worry about experiencing it because we will all experience this.

I myself never play continuously so this will damage the bankroll quickly, so come when you want fun and prepare the money that will be lost to play in the casino.

[YOSHIE]

I'm curious if anyone in our community has actually achieved profitability through gambling. If yes, we can calculate that how much percentage of us are profitable.

As far as I know and from my experience in gambling, there are two factors that are often suggested and occur to some gambling players.
* Winning and losing/profit and loss.
These two factors often occur, whether he is a great bettor or an ordinary gambler, that is the true fact.

But I personally have never calculated what percentage of profits and losses I have had, in essence these two things have happened, Basically I gamble just to look for experience and fun, profit is not the main thing and losses are the same, because I gamble without using my pocket money.

[letteredhub]

@OP profitability in gambling is define by how they control their gambling session.  How they are able to stop when they are winning and to be able to stop playing to cut their unlucky session.

So far I am still on break even, I could have been on a green if only I decided to stop when I am having a 3x to 4x win of my bankroll.  But alas, greed sometimes dominate me so I keep on playing until my bankroll got depleted.

I believe most of us here are in negative especially those who are playing without time limitation.

It seem the first to quell losses or limit losses in gambling is to conquer our greed,  to set and abide by a time limit we can only spend on gambling daily. It when we are out of control in this two factors that we fall into losses even after having winning session that we can leave with and be satisfied with for the day. But since there's no premeditated fix time limit we keep gambling till when we have nothing left to gamble with that's when we realize it's time to leave. How awful.

Although the house has the hedge there are gamblers that might have broken even and had profitable gambling life except that his profitable sets of gamblers in gambling their number aren't significant compared to the losing number of gamblers in other words we have a greater number of non profitable gamblers to profitable ones. To bother oneself on which side of the radar you fall in can be daunting it is like keeping the records for losses and winnings - but the question is to what purpose when you can't choose what will happen next win or a loss.

As I stated profitability is dictated by the decision to stop when winning.  Those who are able to win in gambling are those who are able to decide to quit the session and withdraw the winnings to come back again another day.

Yes, knowing when to stop and not parlaying with previous winnings in the prospect of doubling it increases our profitability margin.