Gambling Wins: Your Money Was Returned to You.

[Jody.Drummer]

In gambling, you win some, you lose some; not just in gambling alone but in life generally, so i don't think this is a problem for gamblers. The problem in gambling is when you gamble with an amount that you cannot afford to lose, or with money that should have been used for more important aspects of your life. As long as you gamble responsibly, you will find a good balance between what you win and what you lose, and you'll be just fine.

Can we say that we have a balance between winning and losing a game? I'm not used to check or track my gambling activities, so I'm not sure if I win a lot or not. As you said, this is not an issue to a gambler because everyone is accustomed to when it comes to gambling that we don't get just winning, there is always that defeat. to be honest, I can't focus on my game if I'm constantly watching every move that I've done. As long as I manage my finances and betting strategy, I have no problem whether I win or lose. I just need to stick to the budget I have allocated for gambling so that I don't run out of money.

No, I wouldn't say "YES" to that, what I mean is that there is absolutely no such thing as a balance in terms of winning and losing in gambling, it is very difficult to achieve such results and if you don't believe me you can do the calculations over a period of time such as a month or three months and count all the money lost and won and I am sure that the result is that the amount you lose is most likely much greater than the winnings because as we know that after all the house is the real winner.

This is why never put the goal of earning along with putting hope in gambling because obviously what will happen is that you will lose a larger amount, we must understand that gambling is a profitable business for casinos and therefore as we know that most gambling activities end up losing more than winning, that's because the purpose of the bookie to build a casino is to make a profit and we can see how the fate of gambling addicts or gamblers who always overdo it, they almost run out of all the assets they have and experience many problems such as debt. Therefore, it is always recommended to treat gambling activities reasonably by limiting your time and budget without putting expectations or goals of earning except for entertainment only, and I remind you that even if you manage to become a responsible gambler it does not mean that you can achieve a balance in terms of the number of wins and losses, because still the problem of winning will not always be known.

[danherbias07]

Most likely overall most gamblers are negative in profit. There are a few that are in profit, but if they keep gambling they will probably end up in the negative. Regardless of whether you are in profit overall or not, you should enjoy the wins when you get them, they're not going to happen everytime.

Gambling requires luck, so some profit and some lose. Btw I often visit bustabit.com and check their leaderboard. It's insane how much some people have profited. There is a guy called KLITZ that is in the profit of 468 Bitcoins. He was gambling in 2018, when the price was around 5-10K but it's still amazing profit, he became a multi-millionaire. There is also a guy who is in loss of 1,278 Bitcoins but I can't check his activity.
I remember in 2016 when I was gambling on bustabit too there were many guys who were gambling 24/7 with small satoshis but a high multiplier. Probably some strategies work long-term on bustabit and crash games but in overall, it's not a good idea to keep doing it long-term if you want to keep the profit.

It's not impossible to win a shitload on any game. I was up 177 btc at 1 point on bustadice. Started with .05btc and got some super big wins. Overall I'm up lifetime in gambling, but I guarantee less than 10% of gamblers are.

Which is the truth. You are indeed lucky that it happened to you at an earlier time.

Even if I include my profits in sports betting, it won't be enough to cover all my losses in casino games. I always end up on a losing streak there after an early win because I always thought it would continue but sadly it doesn't. I cannot even remember anymore the last time that I made a withdrawal from the profits that I made in gambling for either slots or casinos. It was a long time ago, maybe months.
The winners in gambling are very low in numbers and we call it "luck". I say they give it to the new buds so that they will start gambling and stay forever.
Make them win so they will stay and when they get old they will also experience the same thing as us. Even since I reached the VIP rank, I've rarely seen myself winning x1000 or x500. It's getting more difficult and if that happens, it will be taken back as fast as possible by a losing streak.

[irhact]

When it comes to winning and losing percentages coming from a gambler's stat the casino gets the bigger share of the gambler's bankroll, casinos are a profit-driven platform and they have a so-called legal system called house edge to beat the gambler legally, so if you win a huge amount check your stats and you will be disappointed to find out that you did not even regain what you put in in the casino, but if you enjoy playing, then you can say that at least you enjoy the game.
That's the best consolation you can get from casinos is you enjoy playing on it.

This is the reason why gambling shouldn't be for profits reasons but for entertainment reasons. When you're gambling for fun to entertain yourself you won't be bothered if you're losing money but when you're gambling for the purpose of making money you'll always be at lose due to the casino have an edge over you. You can't win the house, it's in a very rare situation that you can have an edge and this is when you are a very lucky gambler or you're betting through a game you're familiar with.

Don't expect to be at a net profits therefore be enjoying yourself as you're gambling and when you win don't think about your losses as losing is a part of gambling as every individual that's gambling regardless of how good you think you're, you'll always lose something. Gambling is an activity that comes with alot of losses and no guarantee of you learning from the losses as you can still lose when you bet.

[yazher]

Experts said that's a fact because every time you lose, sometimes it's more than the days you win, and at the end of the day, it's just your own money you get unless you won at the beginning and that's not the case as we all know because once you win or lose, you will end up getting back there after every job you had all day. That's exactly what they want you to do and they are willing to give you some wins just to make you addicted and want to return back to play. That's exactly what online games use and they use gotcha and other methods just to hook up rich players and they only realize that they are only wasting money after they have lost a huge amount of it from playing gotchas.

[wxa7115]

If people really understood concepts like House Edge or EV they wouldn't ask these questions. It all comes down to being clear about the difference between long term and short term. In the short term, what can happen to you in an individual session is that you can win money (as well as lose it), but with enough long term, with a large enough number of plays the probability of you winning money (taking into account the total money wagered versus the total money won in all sessions) is getting closer and closer to 0.

I have always thought that some basic notion of probabilities and other similar topics should be taught in schools early enough so people can at least understand those kind of concepts, as even if they never became gamblers it will help them understand other instances in which those concepts may come into play and help them take an informed decision.

Because even if anything can happen on the short term, a person that gambles long enough should have their results to approximate very closely the expected results out of the bets they like to make.

[ethereumhunter]

Experts said that's a fact because every time you lose, sometimes it's more than the days you win, and at the end of the day, it's just your own money you get unless you won at the beginning and that's not the case as we all know because once you win or lose, you will end up getting back there after every job you had all day. That's exactly what they want you to do and they are willing to give you some wins just to make you addicted and want to return back to play. That's exactly what online games use and they use gotcha and other methods just to hook up rich players and they only realize that they are only wasting money after they have lost a huge amount of it from playing gotchas.

That's right because every time we lose, we will have an intention to recover the losses and that can easily triggered us to deposit some money to continue playing gambling. If we don't have a good self-control, we will not be able to hold ourselves forgetting the losses instead we will continue playing gambling. And if somehow we can win, we should realize that the win money is our lost money that is back to us but the amount seems less that the total lost that we get. We must know that winning the gambling games is difficult and the more we playing gambling, the more chance we will loss much money and that will makes us curious about our losses and there will be an intention to get the lost money.

[Z390]

It makes sense to think this way, that the money we have lost is what we won back, but few people are so lucky that they don't place bets for too long before they win massive amount, what do you all have to say about this? Some gamblers get used to the win feeling which makes them to keep coming back for more.

As time goes on the gambling effect is already affecting them, they aren't going anywhere, just like the casino works, it would have been better if gamblers can take their leave once they get so lucky, but we all want to stay, thinking that there is more, unfortunately there is no way to escape this unless you quit gambling forever.

I will be alright, I believe this, unless I risk more than I can afford to lose, I don't think that risking few dollars in just twice in a week can do any damage to me or my family responsibility, I urge everyone to keep doing the same thing, if truly you all accept that gambling isn't truly fair like we all think, then it's better to rely on something else than to risk most money on gambling.

[piebeyb]

If only they have the mindset of just having fun and probably getting entertainment, they may just leave their losses as the price they paid to get fun and probably move on because if they get back to chase that loss they probably lose even more.

Our mindset will determine us in the view meant by the OP, for example if we gamble to make money we will usually think like this when we gamble we have to win the game and that win is the result of the money we have lost while gambling there, but if we Continuing to think with views like that won't do any good because as people know, casinos are a promising business so they won't feel disadvantaged by having built them, all the money circulating in them is user money.

So whoever loses the money will be given to the winner and vice versa, in the end it's still the dealer who wins against all the users. Unconsciously, the more you play, the more money you lose, the richer the dealer in the casino becomes, they don't have enough money to pay. users who win unless there are users who lose to pay for those who win, that's how those who gamble for money look at it, but if those who gamble for fun they won't think much like that what's on their mind is how they pay the casino to make they have fun with the games that have been provided. I think it depends on how our mindset changes the way we view what the OP said.

[Gozie51]

 And when I carefully look at the argument I also accept the assertion that what you win was part of your loss. Is that true? Make your input.

This is true because I'm yet to see a gambler who have been winning all the bet that he has gambled. In gambling they say you win some and you lose some so those times that you manage to have a win are part of the loses that you have recorded through your gambling experience and for the serial losers who eventually got a win may only be having very small pay back from his loses.

This goes to say that casino owners are always in profit because more gamblers lose than they win, the house as always has an edge over the gamblers, while you are winning others are losing and casino is paying winners from losers money. Therefore, if you win, you are winning just few amount from your total lose. Only a few gambler are in profit.

[dimonstration]

And when I carefully look at the argument I also accept the assertion that what you win was part of your loss. Is that true? Make your input.

This is true on most of the gamblers since the majority of players is in negative PnL since they preferred playing games like slots that has a high house advantage. This is the reason why casino industry is in demand because many new players keep coming and contribute to casino profit which is the design of every casino.

The only way to beat a casino is to play on games that you can have mathematical advantage such as card counting on blackjack and arbitrage betting. Remember that we should only gambling because we need some entertainment that’s why we shouldn’t count our loss so that winning sometimes can give you joy. Thinking like what you mention will just kill the fun on gambling because you will never have fun on your win if you always consider that you are just getting back what is loss from your wallet.

[EarnOnVictor]

There have been saying that before you win a game in gambling, you would have lost enough funds and that means you didn't win any new or extra money to yourself but the casino return part of your money which you have lost before to you. And some will still say that what about those who have not playing gamble before and they won in their first day in gambling. Well those people newly converts to the gambling system will still dash the casino company that win again because the first time win is always to lure them to the system and making them to perpetual adoration to gamble. And I don't think someone in the gambling industry has as a win win gambling history. Or you wins are bigger than the loss. And all the experiences I have in gambling I have not seen that and also those of my friends who are gamblers have not to me that they only win and there is no loss record in their gambling history. And all the ones I have seen and known, the loses are more than the wins. And when I carefully look at the argument I also accept the assertion that what you win was part of your loss. Is that true? Make your input.

I like the way you throw this on board for people to comment and not be too rigid with self-belief about it. Well, my opinion can be different from others but I think it's the right way we should go about this. First, think of this, if you are rolling a dice on your own and decided to give yourself the pass mark whenever you roll between 4 and 6. Meaning that 4, 5 and 6 are your pass marks and 1, 2, and 3 are your fail marks. Can you have the pass mark all through? Certainly not. That is how gambling works. The same way you can never have the pass mark always in a fair offline dice rolling is the same way you will be making the pass and fail mark at different times. I however used the dice of your own to prove how fair that is so that you can relate it to casinos. But if you play with the true provably fair casinos, you can be sure of somewhat fair plays void of cheating. The only thing is that you will be playing against whatever is coded in the algorithm with which it works.

That is why you will see some people play many times before they win, while others may just play once and win. It only depends on the programs coded in such casinos they play, and it is mostly about luck as well. If you are lucky to play at the right time and to have chosen the right game and option, you get to win at that time. But if you are not, you will lose regardless of how many times you play it. I believe this is fair enough, it's all about the system programmed in that game. By the way, this is in the casino's branch of gambling. But this is not so the same when you play sports betting, you and the house have a 50/50 right and chance here (sports betting) since the house can't program the live matches against you. For this, the give-and-take remark in your post is so relative. Also, if you are smart enough to gain quality experience in gambling, choose the right game option and also have good management towards gambling to be better. This way, there is no way you will not have more earnings than losses, especially in sports betting.

[nara1892]

 And when I carefully look at the argument I also accept the assertion that what you win was part of your loss. Is that true? Make your input.

This is true because I'm yet to see a gambler who have been winning all the bet that he has gambled. In gambling they say you win some and you lose some so those times that you manage to have a win are part of the loses that you have recorded through your gambling experience and for the serial losers who eventually got a win may only be having very small pay back from his loses.

This goes to say that casino owners are always in profit because more gamblers lose than they win, the house as always has an edge over the gamblers, while you are winning others are losing and casino is paying winners from losers money. Therefore, if you win, you are winning just few amount from your total lose. Only a few gambler are in profit.

One of the proofs is that there is absolutely no gambler who managed to turn his fortune into a rich man if they are not more than just ordinary gamblers, and the reason is like what you said here that no matter how and in whatever way you treat gambling activities, you are still just spinning on a cycle of winning or losing and the scenario is like what you said that the victory that the gamblers managed to achieve is the money from their previous losses, And sometimes the winning situation can also be said to be not a real victory, because for impulsive gamblers they will usually apply or have difficulty ignoring the greed in themselves rather than cashing in when in such a situation which ultimately makes the winnings disappear again.

That's right, all casinos as a whole are always profitable and this profit is what makes most of the casinos especially those based online able to survive until now, they calculate profits from the losses of all gamblers who play in their casino, simply put the house always has the upper hand and not a single gambler is able to beat the amount of house profits, the logic is because it is the casino that manages all the systems and algorithms in every game played by gamblers so they are the ones who have the power and who manage all your wins and losses, this is why we should not take gambling too seriously.

[tusandii]

And when I carefully look at the argument I also accept the assertion that what you win was part of your loss. Is that true? Make your input.

Yes that is true but it will not be equivalent to previous losses.
According to my previous experience, I calculated the amount of money I lost and the amount of winnings from gambling after I calculated the total loss for 1 month was around $200 and when I won in 1 month it was only $100 and all of this is the total amount.
In the next month I used the same budget of $200 in one month and got winnings from slot games of around $150 in my local currency.
From this note, I understand that the winnings are the result of money that has been lost previously, but sometimes if you are unlucky the amount will not be equal to the previous loss.

So, now I will not record my betting history because it will only make me regret myself enough to enjoy whatever I want to bet on, losing or winning is indeed the concept of gambling and when you win big it is a bonus.

[Blitzboy]

True, right? The gaming ecology seems bleak if winnings are just losses recovering. I've seen the highs and lows, and the scales often swing toward losses. However, first-time winners provide an intriguing counterweight. Some win on their first try, luring gamblers in. This is important: not every gambler's trip is the same. I've met unusual birds who, by luck or strategy, come out on top for a season.

However, the promise of the next big gain keeps many playing, chasing losses with hope that defies the numbers. Does every win equal losses? Probably, but exceptions exist. However, knowing the chances are not always in your favor is wisdom.

[Marykeller]

Our losses in gambling will always be above our wins. There is no way for someone who engages in gambling will have a win over losses since they do gamble always. Gambling doesn't care if it is the first time gambling of someone or not. What it wants it's your money nothing more. That's why every gambler is to use the money they can afford to lose to be on the safe side because gambling is not what to move into with money meant for important things because if you do, consider it a gambling loss.

[KiaKia]

This always happen with gamblers who never get satisfied, the hunger for more money is why many people are addicted to gambling, I am addicted to making money too, we all want to survive but I choose to look for money through are means.

It's not always the case that what you win is what you have lost in the past while gambling, I myself, with using some small money I have gotten lucky to win 1,500 with $30 before and since that time I still keep using few dollars, and there was times where I win $300 and also $480 and so on, using $20 - $40 dollars, I don't think that gambling is leading here.

I can gamble today and come back four days later, for me it's not a daily job, it's not an office where I must visit everyday, but of course if you are so into gambling you will surely give up more money before you get lucky, the trick is risking only what you can afford to lose and also give space and time, if something seeks your attention most of the time it should be on your job or your family, do not spend most of your time gambling.

[0t3p0t]

When I was addicted, I lost money than I won. It was even a huge loss.

Later I do not gamble often. I can count the number of times I am gambling annually and not many at all. I only go for the games that I know I will most likely win. Because of this infrequently gambling, I make profit than loss.

But if you gamble frequently or not, just use the money that you can afford to lose to gamble and do not go more than your gambling budget which should be a small amount of money that you can afford to lose.

Nice strategy. I did the same thing after I lost the biggest bet I have ever placed in gambling before, I think that was less than a $100. I have a hard time moving on that time that is why I abstain for awhile until such time I just accepted the fact that I wasn't that lucky for that game. But I just came back to gambling few years back and yeah I have more control of myself than before and even spend only extra money I have so it won't hurt if I lose all of it.

[angrybirdy]

When I was addicted, I lost money than I won. It was even a huge loss.

Later I do not gamble often. I can count the number of times I am gambling annually and not many at all. I only go for the games that I know I will most likely win. Because of this infrequently gambling, I make profit than loss.

But if you gamble frequently or not, just use the money that you can afford to lose to gamble and do not go more than your gambling budget which should be a small amount of money that you can afford to lose.

Nice strategy. I did the same thing after I lost the biggest bet I have ever placed in gambling before, I think that was less than a $100. I have a hard time moving on that time that is why I abstain for awhile until such time I just accepted the fact that I wasn't that lucky for that game. But I just came back to gambling few years back and yeah I have more control of myself than before and even spend only extra money I have so it won't hurt if I lose all of it.

Wow, that's a nice strategy and I also want to do that because I have this thing that I don't want to monitor all my gambling activites especially the money that I've spent because I'm strictly following my spending habits and I'm sure that I'm not addicted into It, but yeah, I just wan't to try your strategy so that I can lessen my gambling time and I can have more time in other important things.

[Hispo]

Our losses in gambling will always be above our wins. There is no way for someone who engages in gambling will have a win over losses since they do gamble always. Gambling doesn't care if it is the first time gambling of someone or not. What it wants it's your money nothing more. That's why every gambler is to use the money they can afford to lose to be on the safe side because gambling is not what to move into with money meant for important things because if you do, consider it a gambling loss.

Actually, it highly depends on how often the gambler visits the casino, how much it wagers and the risk they take while gambling. Though, It is save to say most of dedicated gamblers are in loss because of their hobby/habit, but in the case of gamblers who do not dedicated much time to wagering money, there is a chance for them to have a positive balance over the losses to the casino.
For instance, I have got a friend who is not a gambler, however, he was invited to a casino in the capital city, he played blackjack a bit and he ended up winning 50$ from the casino before having to go back home.
He managed to win from the casino, obviously it was not a life changing amount of money, but he indeed managed to make money out of it, had he continued playing blackjack some hours more and had he returned the next day to continue with it, he wouls be likely with a negative balance.
He knew when to stop and he was not a dedicated gambler, so he ended up winning money.

[erep]

Wow, that's a nice strategy and I also want to do that because I have this thing that I don't want to monitor all my gambling activites especially the money that I've spent because I'm strictly following my spending habits and I'm sure that I'm not addicted into It, but yeah, I just wan't to try your strategy so that I can lessen my gambling time and I can have more time in other important things.

You have to get used to following this strategy so that you don't become addicted to gambling because if you ignore it it will have a bad impact on your gambling activities, because everyone convinces themselves that "they are not addicted" but in reality they have lost a lot of money on gambling.

I think your advice above is very useful for reducing gambling activities and freeing up time for other more important activities, make sure you consider gambling only for entertainment and not a source of additional income, if you apply this in your daily life then you will never be affected gambling addiction.