Woes of gambling

[Oilacris]

Take casino games for example especially jackpot casino games there is no way you can tell me that all of them are structured in such a way that they randomly always make money for the house if you ask me gambling is a fraud that has been used to trick people into believing that their choices matter it does not everyone that gambles is just there to make money for the casino unfortunately there is nothing that can be done about human nature 💔💔💔

What can you say about that recent $42M winning on slot games?
https://bitcointalk.org/index.php?topic=5480517.0

The thing you've been talking then it is actually true, they do always have that edge and having that advantage against players and this is how business works
 but pretty much sure that they would really be doing such thing when it comes to tweaking up something for their own benefit on which its not new.
People would really be continually be pursuing on hitting those huge wins before they might be able to stop.

Gamble for fun but this is something that not everyone could be able to do so. Why? majority of people do becomes greedy
and this is why they are really that prone when it comes to mistakes and potential headaches that they might be able to face up along the way.

[Wiwo]

That is the reason why gambling has a lot of restrictions and even bans in some places because of the nature of how gambling is being operated and the system that either rewards winners and also deducts winners.

But also what we must know is the reality that both a gambler and a casino both are guilty if you want to go according to the term of calling gambling a fraud.

I think,  it is better to we take gambling for what it is,  which is a game of chance and there shouldn't be any expectations to the on whatever basis.

[Zanab247]

Those that always take gambling as an investment, where they will be investing their money in form of betting daily with huge amount of money and lost at the end, they will always call gambling fraud because they don't take gambling as a fun.

And, there are many casinos which you can use small amount of money to gamble and you will earn something before the end of the week to recover what you have spend so far in the gambling.

[BABY SHOES]

Quite simply, if you don't believe in gambling then you don't need to gamble anymore and avoid this kind of talk.

We know that gambling games are lucky, there is no need to bring it up again because you feel that the victory has been arranged in such a way for random people, even though there is no fact that most of us don't care because we know this is a game for fun.

Who thinks gambling is for making money? Even I myself don't think so because I know I lose more than I win, so let's just say it's fun to burn money at the casino.

[Westinhome]

Take casino games for example especially jackpot casino games there is no way you can tell me that all of them are structured in such a way that they randomly always make money for the house if you ask me gambling is a fraud that has been used to trick people into believing that their choices matter it does not everyone that gambles is just there to make money for the casino unfortunately there is nothing that can be done about human nature 💔💔💔

The casino games was sometimes based on the skill,but at the extreme conditions the game based on the random bets to make the winning.Many people think the casino game was based on the skill,but after complete game in the casino.You can understand the real fact in the game of gambling.The skill may work for the fifty percentage of the game.If you follow the tactics for the full game may leads to the loss at the final.So play the casino game with the tactics for the certain duration and move to random betting in the game.So you can cover the profit in the gambling site.The gambling is also based on the skill,but many people play the random bets through out the game and losing at the end.

[Slow death]

You may have heard words like "provably fair games". So when you put money into the casino, you should be aware that your winning will be dependent on the odds, while the casino is more likely to win, you are less likely to win. This does not mean that the casino is a scam, no. the casino is being honest with you from the beginning telling you that in the game you play, the chances of you winning are lower, the chances of the casino profiting from your losses are higher, this is a game and you must be aware of that. For example, let's imagine that you play a game in a casino where you put a 1000x multiplier

you put $0.20 on each spin, you know that the chances of seeing losses on each spin are very high because that 1000x multiplier of yours is difficult to get right and the casino is also at risk with that, because if you play in 5 spins and lose 1$ but in round 6 you hit the 1000x multiplier you will win 200$, this would already create a loss for the casino because you only lost 1$ and the casino lost 200$. So it's a risk that you and the casino take when you start playing. There is nothing scam about this, it has to do with mathematics: probability

That's why even though there are many casinos that tell people to play for fun, there are many people who have been lucky enough to win a lot of money at the casino, there are many people who have lost money at the casino. Note that casinos are not charitable institutions, it is someone's business, the casino owner has operational costs that he has to pay, he also needs to have a large bankroll in case someone wins a lot of money. So there is nothing scam about it

[EarnOnVictor]

Take casino games for example especially jackpot casino games there is no way you can tell me that all of them are structured in such a way that they randomly always make money for the house if you ask me gambling is a fraud that has been used to trick people into believing that their choices matter it does not everyone that gambles is just there to make money for the casino unfortunately there is nothing that can be done about human nature 💔💔💔

Your expression seems pretty confusing as it seems you are for and against the view at the same time. But as I understand it, it is good to be wary of the house even though some are sincere and fair, it is all about integrity. But if I ask you, how many human beings have integrity? The percentage will be very low, even those who believe they have integrity could still have it corrupt when they see money and the temptation that comes with it. Well, from what I have read, it is all about the casino itself, so it varies. Some truly have a provably fair system and will never alter it for any reason. If anyone plays with such a casino, such is lucky as what has been written in the algorithms is what the casino will continue to play by. So it is all about your luck and how good you are with your casino instincts and strategy that will make you win in such casinos, while the house will never manipulate it.

But still, the system itself from the beginning has been wired to favour the house, don't forget that and you can't change that fact even though it's not that the system will fake it for you into losing. The way it has been wired can never be against the house overall. You can see that all can't be fraud but indirectly, it is still a win-win for the house, only that some casinos are too greedy to continue cheating their customers with some more internal adjustments that will fail a provably fair system.

[Dewi Aries]

I'm not sure the point you are trying to make because of the contradiction at the middle part of your post but I believe gambling is not a guarantee for riches and the house always has better winning chances than the player. You also need to understand that you have to gamble with the money you can afford to lose whether in online casino or offline and that is how you can be satisfied in your games whether lose or profit.

Haha yes it is quite confusing what is being said but it doesn't matter and maybe we can say something that we understand about this. Overall and however I share your belief that gambling really isn't the place to turn you into a rich man in no time, it's just a game of chance that requires you to put some money down if you want to get involved, that's it and there's absolutely no get rich quick element to it at all.

The reason? Obviously it's because the end result is always unpredictable as to whether you will win or lose the session you are doing, this is a fact and I think because the outcome of gambling is unpredictable then obviously this is the reason that it is very unlikely or even impossible for someone to become a rich man just by gambling, I would only believe you can become a rich man from gambling if you are one of those people who owns your own casino because basically the house will always win, but if you are just a casual gambler and then have the expectation of becoming a rich man then obviously it is very ridiculous and unreasonable if we think using common sense realistically. So the bottom line is that we must understand that gambling is not a place of income but just a game of chance that can fill your empty time and if you are lucky you will win, and obviously as you said that it is always the best choice to put a small amount that we can afford to be responsible for.

[Furious 7]

I think almost everyone must be aware of that because after all when talking about gambling then we will definitely not let go of the word gambling with luck regardless of whether there is a setting or anything else in it a gambler will definitely only have a benchmark of luck about this.

We must realize that every casino whether they operate on land or online is all a business for them to make a profit and we know that so no matter how hard we will not be able to beat them the croupiers because we are players and they are businessmen so we will definitely lose.

But why do people still gamble despite the fact that this happens? Because there is a pleasure in itself at least that's what I feel right now. I know that I will definitely lose but I don't mind that because the desire to gamble in me is fulfilled especially the money I spend on gambling is not big so it won't mean anything to me.

[Mauser]

Take casino games for example especially jackpot casino games there is no way you can tell me that all of them are structured in such a way that they randomly always make money for the house if you ask me gambling is a fraud that has been used to trick people into believing that their choices matter it does not everyone that gambles is just there to make money for the casino unfortunately there is nothing that can be done about human nature 💔💔💔

I don't think this is true. Just now we had someone winning a 42m jackpot playing slots. How did he make any money for the casino? Even if he gambled there the last 10 years, I wouldn't expect him to lose more than 1 million in that time. He is definitely in the green now. Of course this is only one lucky example and a large number of people are losing at gambling, but I still believe in legitimate casinos. Without any winners there would be no motivation to start gambling.

[Yatsan]

Take casino games for example especially jackpot casino games there is no way you can tell me that all of them are structured in such a way that they randomly always make money for the house if you ask me gambling is a fraud that has been used to trick people into believing that their choices matter it does not everyone that gambles is just there to make money for the casino unfortunately there is nothing that can be done about human nature 💔💔💔

If you think in such way then obviously it would be better for you to stay away from gambling. Well, quite ringing a bell; there are fraudalent gambling platforms which are really taking away people's money but for sure not all platforms are. If you are after the jackpot then for sure it is not a new thing to most of us that it is not something which will take place just because we wanted to; some gamblers already retired without hitting their big win which simply proves how hard it is. Some gamblers managed to win on their early gambling career which is really amazing. We have different timeline, fortune, and luck which makes sense to say that if it isn't happening yet there will still be a chance afterwards and if nor, then there are other amounts you can win. Given the difficulty, if you still eye on that jackpot but fully aware that you cannot take losses, save yourself from guilt and disappointment; quit already and allows real gamblers to do their thing.

[acroman08]

Take casino games for example especially jackpot casino games there is no way you can tell me that all of them are structured in such a way that they randomly always make money for the house if you ask me gambling is a fraud that has been used to trick people into believing that their choices matter it does not everyone that gambles is just there to make money for the casino unfortunately there is nothing that can be done about human nature 💔💔💔

I hate to break it to you but gambling games are designed to be in favor of the house. it is common information among gamblers who have been gambling for a long time, but of course, not everyone knows or realizes it. that is also why the term "the house always wins" was created(at least that is what I believe)

[pawel7777]

Take casino games for example especially jackpot casino games there is no way you can tell me that all of them are structured in such a way that they randomly always make money for the house if you ask me gambling is a fraud that has been used to trick people into believing that their choices matter it does not everyone that gambles is just there to make money for the casino unfortunately there is nothing that can be done about human nature 💔💔💔

You can't be serious. There is no way you can tell me that you didn't know that every casino game has a mathematical advantage over player, know as a house edge.
So it's not like games "always" make money for the house, hardly anyone would be playing them if that was the case, but a player will tend to lose if he keeps playing longer term.
Of course, there are shady casinos out there, and some games could be rigged, but to say that every casino, or every game, is a fraud is massive exaggeration. Most of established casinos are probably OK, they don't need to resort to fraud to make big profits.
And a lot can be done about human nature. We're not animals and are capable of overwriting our basic instincts, including stopping gambling if it's not working for you.

[goldkingcoiner]

Take casino games for example especially jackpot casino games there is no way you can tell me that all of them are structured in such a way that they randomly always make money for the house if you ask me gambling is a fraud that has been used to trick people into believing that their choices matter it does not everyone that gambles is just there to make money for the casino unfortunately there is nothing that can be done about human nature 💔💔💔

The casinos (which are not in third world countries) are being watched heavily by regulators in order to ensure full transparency. They tell you the exact odds of winning and losing. You can hardly call it a fraud if you knew about how it works and what the odds of the game are, beforehand.

It sounds like to me this whole topic serves no purpose other than OP venting his anger (probably after losing money in gambling).

Next time, OP, you need to consider how much money you are comfortable with losing/winning and which games you wish to learn more about. Obviously winning a jackpot is completely different than winning a small prize. But it is not a random thing. We know that losing is always more probable than winning.

[Zlantann]

Take casino games for example especially jackpot casino games there is no way you can tell me that all of them are structured in such a way that they randomly always make money for the house if you ask me gambling is a fraud that has been used to trick people into believing that their choices matter it does not everyone that gambles is just there to make money for the casino unfortunately there is nothing that can be done about human nature 💔💔💔

Gambling is for adults and not for children and every mature mind knows what is appropriate or inappropriate. If you think gambling is a fraud, that's your view based on your personal experience or studies. But you seem to miss the main point that gambling shouldn't be seen as a source of income but a source of entertainment. If you take gambling as a means of making money, it might make you put in more than you can afford to lose and this could make you see gambling as fraud. It is indeed difficult to beat the house, but I have seen gamblers who made a fortune from winning big from gambling.    

It sounds like to me this whole topic serves no purpose other than OP venting his anger (probably after losing money in gambling).

I also suspect that OP recently had a bad gambling experience. Maybe he lost a bet that he thought he was supposed to win. But he didn't know that gambling is unpredictable that is why we should always be careful.

[BIT-BENDER]

Take casino games for example especially jackpot casino games there is no way you can tell me that all of them are structured in such a way that they randomly always make money for the house if you ask me gambling is a fraud that has been used to trick people into believing that their choices matter it does not everyone that gambles is just there to make money for the casino unfortunately there is nothing that can be done about human nature 💔💔💔

It's sad you are playing on the wrong table yes some gambling platform are structured to only give wins to the table but there are lots of genuine casinos tables online and offline, personal from my region I prefer to play online and it's transparent and yes I lose some times but some times I also win that's how gambling is.

[Twentyonepaylots]

I'm pretty sure most people knew that already but you know gambling is not something that guarantee you getting rich any way.

If you have a mindset on gambling like this, you'll be trap forever in the realm of hopelessness. Gambling and Guarantee is very contradicting words, you can't put it in the same sentence. If you mixed this up, you mess it up.

But there's a reason they called it jackpot. You know gambling all about luck or that you might be lucky enough to hit the jackpot that can cover the funds gambling have eaten from you.

Well for slots for sure, you only need a luck to hit that jackpot, I'm not sure how the machine is deciding when to give its jackpot but for sure it won't be the first spin.

Come to think of it if everyone is winning how will the casino pay. Through those losses most casino normally use to pay for others wins. Aslong there's winner they will always be losers.

How can you call it a gamble if there are no losers? Ofc there will be winners and losers, and if you know the house edge you know who always win at the end of the day. Imagine a brand new open casino and gave jackpot on every machine's first spin. That would be tragic haha.

[bitvalak]

Don't have too high hopes for gambling. Avoid the ambition to get rich through gambling. However, gambling is a game that is set in such a way.
You cannot interfere with the regulations of each gambling platform. If you like it please play along, if not you can skip it.
People like gambling because it is fun, if you think gambling is a way to get rich then immediately close all information related to gambling from your mind.

[darkangel11]

I won't tell you that OP because there's never like that. You won't find a business where all (write whatever you like here, for example restaurants, banks...) are fair and structured the way they claim they are. It's the same with casinos that sometimes scam you, which is why we tell people to use due diligence. You should always check reviews, look for scam accusations and so on.
The majority of casinos aren't scams, just mathematically designed to make some money, but most people can't do math and don't understand it.

[Woodie]

Take casino games for example especially jackpot casino games there is no way you can tell me that all of them are structured in such a way that they randomly always make money for the house if you ask me gambling is a fraud that has been used to trick people into believing that their choices matter it does not everyone that gambles is just there to make money for the casino unfortunately there is nothing that can be done about human nature 💔💔💔

Playing for the jackpots is never easy and if you do, I believe you will be chasing your losses before you know it and advise you to play games that will pay you 20%-40% on your bankroll depending on the game chosen and the strategy used!

And the notion of Casinos tricking people, honestly I think as consenting adults (18+) the fact that everyone knows that the house always wins I really don't see any tricks here but the greed of the player that makes people gamble away whatever they had, but hey you lose some and you win some  

Otherwise, go out there and have some fun, and remember don't break your bank, happy new year.