Woes of gambling

[pawel7777]

There was a thread Am I being restricted? where the @OP claimed he get restricted, but he's consistently making money by playing Blackjack. Most people will lose, but few of them might able to success.

BlackJack usually has the lowest house edge of all the classic casino games, so people playing it, especially when they know what they're doing, have a higher chance of winning streaks than those who prefer other games. But make no mistake, the casino still has the advantage over the player.
The OP of the thread you linked himself admitted that it was mostly due to luck.

[1714757825]

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[Porfirii]

~

I agree with the latter. Although it is true what danherbias07 said (if casinos played in the same conditions as gamblers, most of them would eventually go bankrupt), that's indeed also the reason why they must set a hedge in order to survive.

Legit casinos are not rigged: rigged casinos are those who cheat and behave illegally. It's the same with banks: they will always win money in the end, that's how it works, but only those who set illegal rates or write illegal clauses in their contracts are rigged.

Another thing is that you may not like banks, or casinos. In that case, you may not have an alternative to use banking services, but nobody is forced to gamble.

Why? If conditions were exactly the same, it would be 50/50 and only 50% of the casinos would go bankrupt eventually, not most of them. But I think I know what you mean. The expenses on keeping the casino. Indeed, casinos wouldn't survive if conditions were the same because they would have to pay rents, salaries etc. and would go bankrupt eventually. That's why they need the house edge.

I'm wondering, can there be a casino that survives thanks to advertisers and keeps the house edge at zero?

I don't think so. As you well deduced, I was thinking about expenses when I said that, but not only: all business is meant to make money. A casino where income and expenses were the same wouldn't be profitable, and I don't think that would make any sense, except for a non-profit project, very atypical in the gambling industry.

That's why 50/50 wouldn't work for most casinos.

[Hirose UK]

~snip~

Gamblers should check the casino before registering if they do not want to become victims of unfair circumstances. However, gamblers who do not pay attention to this will become victims of casino scams and will not be able to solve their problems because the casino is a scam casino. And if that happens, these gamblers will feel the misery of gambling without being able to hope to solve the problem. That is why gamblers should not use gambling beyond their limits and must be able to regulate their mindset so they can control themselves when gambling. If they succeed, they can reduce their money losses and only try to enjoy gambling as entertainment.

If say fair is not fair then gambling is full of injustice towards gamblers, how could it not be because the chance of gambler losing is much greater than winning and the ones who gain the most from gambling are only those in the casino business or gambling site.
But all of these are risks that definitely exist and all of that is how gambling works so as gamblers we must understand it and be able to accept it, whatever the outcome of gambling, whether winning or losing, we must be able to accept it with wise and responsible attitude.
In gambling, justice cannot be completely achieved by gamblers and casinos provide justice to gamblers only in the form of transparency and service that truly equalizes one gambler with another, plus there is no manipulation that occurs.
This is justice that the casino can provide to all gamblers who are customers there and you are right that we must be able to choose the right casino or gambling site to get that justice.
Even though we know that in gambling we are the only gamblers who experience the biggest financial losses, but we can think of it as payment for having fun and satisfying ourselves with what we find enjoyable.

[wxa7115]

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 💔💔💔

How can gambling be a fraud when the odds of each game are explicitly stated and you can either calculate the probabilities of winning yourself or look on the internet for them?

Casinos are very open about what they are doing, they are offering entertainment for a reasonable fee, is it not what any industry related to entertainment is doing? Should we forbid people from all of those activities simply because they do not obtain a tangible benefit? Which by the way, getting some fun, a good laugh and simply having a good time are not only pleasant experiences, they also offer beneficial effects towards your health.

[ethereumhunter]

They deserved to receive that, how can someone blindly use a service without looking to the reputation and it's disadvantages. Most people should be familiar with the technology since the pandemic forces people to use it, there's no excuse to not check the site's credibility.

And because of the pandemic, people are familiar with online casinos so they try to learn about them before they use them. However, not all people new to online casinos learn the rules or try to get to know the casino's services. They unconsciously use the casino to gamble without paying attention to what they must do before using it. Well, it is their fault and they will suffer the consequences by experiencing many problems after they gamble.

If say fair is not fair then gambling is full of injustice towards gamblers, how could it not be because the chance of gambler losing is much greater than winning and the ones who gain the most from gambling are only those in the casino business or gambling site.
But all of these are risks that definitely exist and all of that is how gambling works so as gamblers we must understand it and be able to accept it, whatever the outcome of gambling, whether winning or losing, we must be able to accept it with wise and responsible attitude.
In gambling, justice cannot be completely achieved by gamblers and casinos provide justice to gamblers only in the form of transparency and service that truly equalizes one gambler with another, plus there is no manipulation that occurs.
This is justice that the casino can provide to all gamblers who are customers there and you are right that we must be able to choose the right casino or gambling site to get that justice.
Even though we know that in gambling we are the only gamblers who experience the biggest financial losses, but we can think of it as payment for having fun and satisfying ourselves with what we find enjoyable.

If gamblers are aware of the risks of gambling, which can make them lose a lot of money, they will not want to use a lot of money to gamble. They will only gamble moderately and leave the casino once they have enough. Moreover, they don't have many chances to win because gambling does not guarantee that someone can win as often as they want. This is what gamblers must be aware of because there is no guarantee of winning. They must be able to limit themselves from excessive gambling. We also don't know whether the casino is fair or unfair, but as long as we gamble at a casino with a good reputation, they will not cheat their members. A casino with a good reputation will always maintain its reputation by providing services and will not cheat its members because this will impact the reputation it has built. Therefore, gamblers should be able to control themselves when gambling so that they do not experience large losses so that they only gamble for fun and will not experience bad problems.

[irhact]

If we gamble too often and cannot control ourselves in the gambling we play, it is very likely that we will experience an addiction to gambling and will also have financial problems, because there is very little chance of winning continuously in gambling, so it would be better if we gamble We must be able to control ourselves in gambling, because if we cannot control ourselves then this will be very detrimental to us.
When we have won in gambling and we cannot enjoy the victory, of course this really makes us miserable because of our greed in the gambling we play.

Gambling is an entertainment activity therefore if you aren't having fun or enjoying yourself when gambling then you should stop gambling as gambling isn't for you. How won't you enjoy your games when you win, after suffering for so long and you finally win, you have to celebrate your winning by taking yourself out or your family and friends. Celebrate so you can have the feeling and want more of that type of feeling therefore you'll be interested in winning more games.

When gambling, you won't win every time therefore you should celebrate when you win. Gambling is addictive but if you have self discipline you can control yourself and not get addicted to gambling. The house has the edge as you can't win them continuously but you can plan how to gamble so you don't waste all your money playing games that you won't win but be smart about how you gamble to avoid losses.

[junder]

That's right, although gambling that requires skills to win in my opinion luck also still plays a role, the skills possessed can increase the chances of winning, but that does not mean that you can completely get a win or really win. The profit in gambling cannot be predicted accurately, this indicates that luck has a big role.

There was a thread Am I being restricted? where the @OP claimed he get restricted, but he's consistently making money by playing Blackjack. Most people will lose, but few of them might able to success.

That's true, but I think the casino still has the advantage in winning in all gambling. Also,  as you said only a few people are successful this is true,  because it is impossible for anyone to be able to make profits consistently where in every gambling they will win and make a profit,  I don't think that's possible The thing you need to pay attention to is that gambling has a host  and the host certainly has an advantage.

and I read in that tread you mentioned  the OP also said "I don't do any tricks because card counting is impossible to succeed at the evolution game table. It's pure luck and a bit of strategy."
This indicates that some gambling that requires skill also involves luck not only depending on the skills possessed because in my opinion,  victory in gambling will only be determined by luck in our favor if it is lucky to win if it is unlucky then it does not win.

[Betwrong]

~
I'm wondering, can there be a casino that survives thanks to advertisers and keeps the house edge at zero?

I don't think so. As you well deduced, I was thinking about expenses when I said that, but not only: all business is meant to make money. A casino where income and expenses were the same wouldn't be profitable, and I don't think that would make any sense, except for a non-profit project, very atypical in the gambling industry.

That's why 50/50 wouldn't work for most casinos.

But it could work for those making money on advertisement, no? If a big company like Coca-Cola was paying a million USD per year to a popular gambling site, I think they could survive without the house edge. They could arrange the creation of 100% RTP slots with known slot providers, the same slots only with higher RTP, and imagine how popular that site could be. I'm not saying that all people could make money there, in fact, only slightly more than usually, but 100% RTP would attract many gamblers, I'm sure.

[swogerino]

~
I'm wondering, can there be a casino that survives thanks to advertisers and keeps the house edge at zero?

I don't think so. As you well deduced, I was thinking about expenses when I said that, but not only: all business is meant to make money. A casino where income and expenses were the same wouldn't be profitable, and I don't think that would make any sense, except for a non-profit project, very atypical in the gambling industry.

That's why 50/50 wouldn't work for most casinos.

But it could work for those making money on advertisement, no? If a big company like Coca-Cola was paying a million USD per year to a popular gambling site, I think they could survive without the house edge. They could arrange the creation of 100% RTP slots with known slot providers, the same slots only with higher RTP, and imagine how popular that site could be. I'm not saying that all people could make money there, in fact, only slightly more than usually, but 100% RTP would attract many gamblers, I'm sure.

I don't think any casino would accept such offer as they cannot offer an 100% RTP which over the long run they will be even and I am sure they make more money than 1 million dollar in a year.That is why the house edge is in place to offer like 4-5% to the casino so in a year overall this 4-5% is a sure thing that is more than 1 million dollars and that is why casinos stick to this business plan,it makes money to them and they do not care about such sponsorships.

[rodskee]

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 💔💔💔

Scam is happening when people do not know what and why their money being taken but for gamblers
that understand the ins and out? that they knew where their money ends? that is unfair to call them scammed.

gambling is indeed place to lose money but that is with consent of those who plays here and not
being taken from them blindly.

[Outhue]

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 💔💔💔

Who says money is easy to get in the first place? Isn't people like you that confused yourselves that money can be made this way? If we can just stop deceiving ourselves we will see things more clearer, gambling isn't like a bed of roses for the poor or for those who want to change their life into something better, it's never meant to be easy, we are created to struggle for everything we want and desire.

I can never be deceived that money is easy to come by, I have turned down many investment opportunity because they just don't make any sense to me, it's either their ROI is too high or the way they generate income is hideous and untrue, whatever the case may be, is something sounds too good to the ear it's probably a big fat lie.

That's why gambling as a fun part of your life is the best, don't dream of making life changing money when gambling, don't! You won't see it happen no matter how much you try, such luck come to those that have a different mind about gambling, and even if it never happens they are the safest, because they don't expect anything big from gambling.

[Slow death]

Most people before getting involved in gambling do not take a few days to do research on what exactly gambling is and what the purpose of gambling is, after doing a lot of research for many days then people need to look in the mirror and ask yourself what you are looking for when you get involved in gambling, then you will be able to understand what you want when you get involved in gambling and you will not be playing irrationally and thinking that gambling will give you profits. If we all did this, then we would see few cases of people talking about gambling profits. but unfortunately the reality is different, when I started with sports betting

I didn't do any research, I didn't know how to bet, I didn't know how to analyze the games. So I just guessed and continued dreaming of profits. I was done making my plans so I could make daily profits. Today, when I remember that past more than 4 years ago, I laugh at myself. My luck is that I didn't lose money 4 years ago. But my way of thinking 4 years ago was definitely not good, today I can see that. but even today I lose in betting, because although I can analyze the games, this is still no guarantee of success, which is why I have had more losses than wins. If someone asked me why I keep playing if I'm always losing?

I would immediately respond with the following sentence: I continue playing because I look at gambling just as fun, that's why when I deposit money in the casino, I get it in my head that it's lost money and I won't miss it, So there's no reason for me to regret it when I lose. The chances of me losing are greater than the chances of me winning. If I win, then I look at that profit as money that will increase my playing days, I don't see it as a big profit to withdraw

[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.

I think most people already know about the general reason why the population of gamblers is increasing and that is because of the winning opportunities provided by casinos and this is what makes gambling look very attractive, most gamblers come to win but are not prepared to lose, This is a typical loser because gambling is always about two possibilities, namely winning or losing and therefore it is always advisable for anyone, especially those who are new to and involved in gambling to have a proper understanding of what gambling really is, the fear is that they carry the assumption that gambling is a "place to earn", this is dangerous because there is no certainty about the final result can endanger themselves.

After all, the bookie casino built the casino/gambling to benefit them because it is a business that stands behind the "odds" that make people feel very attracted to try to make the odds of winning a reality, the house holds all the control because they are the ones who organize everything and as you said that the real profit here is the bookie himself and not the gamblers. As I said above that this is a business that stands behind the "odds", therefore having a good understanding and approach is always recommended for safety such as only putting small amounts as you suggested wherever you play.

[arimamib]

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.

I think most people already know about the general reason why the population of gamblers is increasing and that is because of the winning opportunities provided by casinos and this is what makes gambling look very attractive, most gamblers come to win but are not prepared to lose, This is a typical loser because gambling is always about two possibilities, namely winning or losing and therefore it is always advisable for anyone, especially those who are new to and involved in gambling to have a proper understanding of what gambling really is, the fear is that they carry the assumption that gambling is a "place to earn", this is dangerous because there is no certainty about the final result can endanger themselves.

After all, the bookie casino built the casino/gambling to benefit them because it is a business that stands behind the "odds" that make people feel very attracted to try to make the odds of winning a reality, the house holds all the control because they are the ones who organize everything and as you said that the real profit here is the bookie himself and not the gamblers. As I said above that this is a business that stands behind the "odds", therefore having a good understanding and approach is always recommended for safety such as only putting small amounts as you suggested wherever you play.

The allure of potential winnings indeed makes gambling appealing to many people. The assumption that gambling is a guaranteed quick way to earn money is contradictory to reality, because gambling reflects the unpredictable and often uncontrollable outcomes. The business model of casinos is designed to favor the house, ensuring their profitability in the long run. Encouraging responsible gambling practices, such as limiting the amounts wagered, aligns with a cautious approach to mitigate potential financial risks for participants.

This is the importance of informed decision-making and responsible behavior in the realm of gambling. Gamblers need to acknowledge the business-oriented nature of casinos and the need for gamblers to approach such activities with a clear understanding of the associated uncertainties and risks. The business-oriented nature of casinos is significant. Acknowledging the inherent uncertainties and risks associated with gambling is a key step towards fostering responsible behavior among gamblers.

[Volimack]

As far as I am concerned, it is not right to expect anything big from gambling the result is very bad. Gambling must be for fun sometimes I played it sometimes I stopped it if I stick to it, it will not take time to become a loss instead of a profit. Gambling is not for everyone making money here is difficult. Those who win are lucky but must know how to protect the odds. Change your perspective to reduce risk.

[harapan]

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 thread is not going straight to the point,it's only beating around the Bush,your topic says "Woes of Gambling" and your bringing up such thread out of it saying Gambling is a fraud and all it that.
What I think is that you need to read up about gambling rules and all about it so you know how to drive into conclusion.
Gambling is no fraud but rather a game of fun and excitements.Yes it involves the use of money to stake a game that will guarantee you chances of winning and it's no big deal because the human nature love what gives them excitement so they can make every move to achieve anything.

[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.

I think most people already know about the general reason why the population of gamblers is increasing and that is because of the winning opportunities provided by casinos and this is what makes gambling look very attractive, most gamblers come to win but are not prepared to lose, This is a typical loser because gambling is always about two possibilities, namely winning or losing and therefore it is always advisable for anyone, especially those who are new to and involved in gambling to have a proper understanding of what gambling really is, the fear is that they carry the assumption that gambling is a "place to earn", this is dangerous because there is no certainty about the final result can endanger themselves.

After all, the bookie casino built the casino/gambling to benefit them because it is a business that stands behind the "odds" that make people feel very attracted to try to make the odds of winning a reality, the house holds all the control because they are the ones who organize everything and as you said that the real profit here is the bookie himself and not the gamblers. As I said above that this is a business that stands behind the "odds", therefore having a good understanding and approach is always recommended for safety such as only putting small amounts as you suggested wherever you play.

The allure of potential winnings indeed makes gambling appealing to many people. The assumption that gambling is a guaranteed quick way to earn money is contradictory to reality, because gambling reflects the unpredictable and often uncontrollable outcomes. The business model of casinos is designed to favor the house, ensuring their profitability in the long run. Encouraging responsible gambling practices, such as limiting the amounts wagered, aligns with a cautious approach to mitigate potential financial risks for participants.

This is the importance of informed decision-making and responsible behavior in the realm of gambling. Gamblers need to acknowledge the business-oriented nature of casinos and the need for gamblers to approach such activities with a clear understanding of the associated uncertainties and risks. The business-oriented nature of casinos is significant. Acknowledging the inherent uncertainties and risks associated with gambling is a key step towards fostering responsible behavior among gamblers.

Most of them can't lie to themselves that it's the "possibility of winning" that makes them come and engage in gambling, I don't care even if they say that they come for fun because most of the time it's just an excuse to hide behind the real facts about what their goals are, and also on the other hand we can see in terms of the impact they have, if after engaging in gambling they experience problems with their finances such as their finances become more difficult then it is clear that it seems like they came to gambling with the wrong goal, I can already confirm that the bad impact in gambling will only happen to those who have a wrong understanding such as gambling to get a win because with a goal like that then obviously they will usually act excessively because there is something they are aiming for which is winning.

You also said and I agree to that that the idea of gambling to make money is so contrary to the actual reality that you will actually suffer a lot of problems if you gamble based on such a goal because after all the overall profit is only for the casino itself. On the other hand yes as I said gambling is a business that will only benefit the casino, and I would ask if there are any gamblers who have managed to make a fortune from their gambling? no, and I would only believe they could become rich people if they basically own the casino itself, I think all these facts are already a strong reason why caution and vigilance are very important to apply to gambling activities.

[Wakate]

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

Is this one of your gambling woes? Maybe you are right, maybe you are wrong!
Gambling is a way we can struggle to make money for ourselves. We don't have to necessarily make money for the casino we are using which all depends on the kind of game we are playing and how sharp is our predictions. Casinos games can be configured in a way to make money for the house which is not bad at all, but not everyone is going to win.
 There are people that always lose which is a case like giving money to the casino to pay other players. Sometimes, it is likely for us to fa into this category but not always. Once we understand how gambling works, I think we would know that nit everyone is going to be winner.
There are times we lose and time we win. Everyone falls to anyone of the category anytime we bet.

[Betwrong]

~

I don't think any casino would accept such offer as they cannot offer an 100% RTP which over the long run they will be even and I am sure they make more money than 1 million dollar in a year.That is why the house edge is in place to offer like 4-5% to the casino so in a year overall this 4-5% is a sure thing that is more than 1 million dollars and that is why casinos stick to this business plan,it makes money to them and they do not care about such sponsorships.

Well, some of them are making more than $1 million per year, and others are making less. To make $1 million you have to have the turnover of about $20 million per year, do you think it's easy? But those are just numbers. If you know a casino with $200 turnover, it means the house edge gives them $40 million. And over the last years Coca-Cola has spent an average of four billion dollars a year on advertising worldwide. Against this background  $40 million looks like nothing.

[Synchronice]

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 just don't understand when casinos have the house edge and RTP set on their games, why shouldn't they play fair games. They don't make money randomly from the house, they make money long-term from the house, i.e. mathematically casinos are guaranteed to profit long-term because of the house edge while short term, it's not predictable whether you win or casino wins, that means that one day you might hit the jackpot and win lots of money but if you continue gambling and don't stop there, then you will eventually lose. So, play for fun and if you can't get, do some other activities.