Gambling is not place to make money is place to lose it?

[SamReomo]

Yes, but that's the thing though, the entertainment comes with the idea that you might get money.

If you remove the money from the equation, say you play for free in those casino games, then suddenly it is not as fun any more.

It's only when you bet real money that it gets fun and entertaining, but also quite expensive.

Very true, without betting real money one can't get entertained and that's the beauty of online gambling. That's why every pro level gambler recommends others to only place bets of amounts they can afford to lose and that won't impact their everyday life.

There're greedy fellows who want to make a lot of money from gambling and those are the ones who get addicted to it. The ones who place small amount bets can get entertained and at the same time might earn some profits if their luck favors them.

[Dailyscript]

I would have disagreed with you OP but immediately I remembered that 70% of gambling is backed by loss. There have been recorded losses than wins in the gambling history. Only some news that we do hear someone wins a jackpot and most of them we do not know if they are true or not. In the local casino, I used to go to when I was growing up. I could remember that the number of people that complains about the amount they had lost a day was so many compared to the people I saw jubilant that they had won.

ethereumhunter, people who know they are harming themselves but continue to practice that harm are unhealthy. It is more about addiction, about as dense an addiction as that of smokers. And when a person is addicted, it is not enough for him to be aware of harm from something. In such cases, most likely, some kind of psychological therapy is needed.

They will not thinks much about what they do can harming themselves instead still continue that things. You can see when someone addicted to something, he will not thinks much about that such as smoke, drinks, gaming or else. He doesn't aware that can harm himself in a long time and will still using it or do it because he gets something for himself although that something is bad for his health or financial.

So they must start to realizes that they are in a problem that must be solved before it's too late. He can realizes that gambling is not a place to make money but only for lose that money. Even if he can wins from some gambling games, that doesn't mean he can wins for many times. If he can compare between his wins and lose, the lose will comes to him many times and if he can't realizes that, he will only lose more and more money without make any money.

Addiction will completely blind the victim so they do not know they are addicted. I don't think there is any solution for someone who is addicted to gambling. Unless there is an isolated place where such persons will be kept without them getting to go close to mobile phones, laptops, Internet or anything that can facilitate gambling for years. Perhaps they might let go of the addiction.

[summonerrk]

ethereumhunter, people who know they are harming themselves but continue to practice that harm are unhealthy. It is more about addiction, about as dense an addiction as that of smokers. And when a person is addicted, it is not enough for him to be aware of harm from something. In such cases, most likely, some kind of psychological therapy is needed.

They will not thinks much about what they do can harming themselves instead still continue that things. You can see when someone addicted to something, he will not thinks much about that such as smoke, drinks, gaming or else. He doesn't aware that can harm himself in a long time and will still using it or do it because he gets something for himself although that something is bad for his health or financial.

So they must start to realizes that they are in a problem that must be solved before it's too late. He can realizes that gambling is not a place to make money but only for lose that money. Even if he can wins from some gambling games, that doesn't mean he can wins for many times. If he can compare between his wins and lose, the lose will comes to him many times and if he can't realizes that, he will only lose more and more money without make any money.

I think that few gamblers keep accurate statistics of their defeats and victories, and they perfectly understand how much they won and how much they lost. They probably only remember about the number - I think that memory tries not to keep sad memories of losses, but victories are remembered very vividly. Therefore, many gamblers may have the illusion that they won more, although in fact this will not be the case at all. That's why casinos try to make bright pictures of victories in slots, for example, but they don't beat defeats visually at all.

[Hispo]

I think that few gamblers keep accurate statistics of their defeats and victories, and they perfectly understand how much they won and how much they lost. They probably only remember about the number - I think that memory tries not to keep sad memories of losses, but victories are remembered very vividly. Therefore, many gamblers may have the illusion that they won more, although in fact this will not be the case at all. That's why casinos try to make bright pictures of victories in slots, for example, but they don't beat defeats visually at all.

I have always personally adviced against keeping a track record of one's losses and wins in gambling, for some reason I assume it could encourage gamblers to stay even or get money out the casino in the long run. We all know that is not a good idea, at all, since the house always wins in the long term (there are very few exceptions).
If a gambler keeps a well organized record in a spreadsheet of his gambling sessions, they will know exactly how much they have lost.

And since the memory of the average person is selective when comes to events of the past, I don't have any doubt a gambler how talks about how successful he is, but does not have the accurate numbers, actually lost more money than he thinks. For that kind of people it becomes easier to remember the colorful animations of the slots when one is a winner, rather the uneventful spins which leads to inevitable losses.

[Samlucky O]

I think that few gamblers keep accurate statistics of their defeats and victories, and they perfectly understand how much they won and how much they lost. They probably only remember about the number - I think that memory tries not to keep sad memories of losses, but victories are remembered very vividly. Therefore, many gamblers may have the illusion that they won more, although in fact this will not be the case at all. That's why casinos try to make bright pictures of victories in slots, for example, but they don't beat defeats visually at all.

I have always personally adviced against keeping a track record of one's losses and wins in gambling, for some reason I assume it could encourage gamblers to stay even or get money out the casino in the long run. We all know that is not a good idea, at all, since the house always wins in the long term (there are very few exceptions).
If a gambler keeps a well organized record in a spreadsheet of his gambling sessions, they will know exactly how much they have lost.

I also have that thought, at first I always disagree to the pattern of keeping track record of win vs loss to know ones progress or not. maybe it could help to reduce risk and have a knowledge or strategy of predicting a nice game which could possibly win often, but on the long run I discovered that keeping track record will make a person reduce his gambling habit easily instead of using other method of reducing gambling addiction, like betting with %1-10 of  his monthly or weekly salary. Because if a gambler keeps the track record of his win and lose, definitely after 1 or 2-3months he will have reduced his addiction drastically after he may have calculated his losses within those periods of regular betting. Afterall no one  loves losing so in summary of my explanation I Think keeping track record is another way of reducing much loses and gambling addiction.

[EarnOnVictor]

~snip~
Gambling as a means to generate wealth is a false habit that circulates rapidly in the gambling community. It seems like a competition between the house and the player. Yet, it's not clear to the players whether they are on the right track regarding such decisions of picking up a challenge with the house. These things are also fueled by the need to gain financial freedom via gambling. Understanding as a player that we all need to focus and learn about the game is more crucial than assuming over who wins more between us and the house. This is only an unfair challenge because the house wouldn't lose, all the funds is taken from the player. Gamblers just need to be patient with their normal form of gambling and stay careful not to be sidetracked into believing or acknowledging the fact that gambling is a place for massive winning alone.

Exactly right.

The thing is that it is a sexy story to tell, the gambler that won with their last dollar.

No one is interested to hear about the most common story, which is the gambler losing it all.

Nice as the winning stories may be, we should always balance things and know that they can't always be true, and if they are true, it can't be happening all the time, so giving ears to the losing stories too is good, after all, it will help us to get more prepared and cautious about gambling. Luck is real in gambling, so those who could truly gamble and win with their last cash should know they are merely lucky, they should never believe this can be replicated often, at least not so soon. This mindset alone should speak volumes to wise gamblers that gambling is risky and regardless of what anyone tells as a success story, it can't particularly be replicated, no one controls the winning/luck, which may make it so difficult for gamblers to win.

However, for the smart ones, this belief will undoubtedly help them to continue to think of gambling as a risky activity rather than think of it as a means to make that easy money all the time. Many testimonies are online and many are only by influencers, they can't be trusted, and in the end, gambling is what it is and will never change for any reason. It is we who are supposed to know its nature and try our best to enjoy it and also try to gain something from it if possible.

How can one get this prepared if there is no balance between the positive and negative stores of gambling?

[khiholangkang]

I think that few gamblers keep accurate statistics of their defeats and victories, and they perfectly understand how much they won and how much they lost. They probably only remember about the number - I think that memory tries not to keep sad memories of losses, but victories are remembered very vividly. Therefore, many gamblers may have the illusion that they won more, although in fact this will not be the case at all. That's why casinos try to make bright pictures of victories in slots, for example, but they don't beat defeats visually at all.

It seems to be true, that indeed when the gambler does not look at his gambling statistics he will remember his wins only, and that is very bad, because indirectly his awareness does not exist of his losses, and considers that he gambles always get a win, so they think that gambling can make money.

I myself look at my gambling statistics, and the bad thing is, there are more losses than wins, which makes me realize that gambling is not a place to make money, but to have fun, but unfortunately some people are addicted no matter how much they lose in gambling.

[ethereumhunter]

Addiction will completely blind the victim so they do not know they are addicted. I don't think there is any solution for someone who is addicted to gambling. Unless there is an isolated place where such persons will be kept without them getting to go close to mobile phones, laptops, Internet or anything that can facilitate gambling for years. Perhaps they might let go of the addiction.

That's right because many people who gets addicted to gambling forget that they must still controls themselves when playing gambling. But because of they wants to chase the wins or recovers their losses makes them forgets to control their time and money to playing gambling. The solution that they can do is accepts their gambling addiction and trying to cure their gambling addiction by asking for a help from other people around them. They can have a second chance to have a normal life without gambling so they can try to cure their gambling addiction.

If they can't have a strong will to cure their gambling addiction, that will not gives them a chance to cure because they don't wants to change their life to a better life. They will gets deeper in gambling and will have a chance to solve their biggest problem. They must let go of the addiction by using many ways and with the helps from other people.

I think that few gamblers keep accurate statistics of their defeats and victories, and they perfectly understand how much they won and how much they lost. They probably only remember about the number - I think that memory tries not to keep sad memories of losses, but victories are remembered very vividly. Therefore, many gamblers may have the illusion that they won more, although in fact this will not be the case at all. That's why casinos try to make bright pictures of victories in slots, for example, but they don't beat defeats visually at all.

Not many people can remember how much their lose instead their wins because when they wins, it seems their losing in gambling is disappears and not have to remembered. But if they can calculate all of their money that they use to playing gambling, they will see that their lose will still bigger than their wins.

Therefore, they must not spends much money to playing gambling because that will not worth with the losses that they can gets from gambling. Besides that, it is clear that gambling is not a place to make money but we may lose much money so we must be careful when spends our money and always manage it before it's too late to realizes. We must treat gambling as a fun thing and not for makes money so we can manage our time and money when playing gambling.

[Samlucky O]

I find this topic problematic. Gambling is not t a place to lose it,  but though people loose more frequently than win but that does not mean or makes it a place to lose it. Gambling is a game of luck and fun. Most people has made fortune from gambling and before they could achieve that, they might have lost alot but where lucky to win big and change their life story. So what would you say about those people that made it through gambling. In whatever thing we do in life risk is always there. And before we do anything we must do risk assessment before partaken. but when we lose we think we are not wise or we have made the worst mistake of our life forgetting we where trying to chase after big things which we all know that great things takes time and many deadly attempts which we may or we may not achieve. In all we shouldn't say gambling is a place to lose it, for we can not generalise everything because of some ugly side of it.

[HelliumZ]

Is this true gambling is not place to make money is place to lose it?

Two types of probabilities one profits another loses.
No gambler can be found who has only profited but no loss on his tide bets. Participating in gambling must involve two types of possibilities. If anyone thinks that I will only profit by participating, then he is an absolute fool. So gambling is a place where you can pay both profit and loss. But in my case statistics show that the amount of loss is more than the gain because luck does not favor me in gambling.

[Tmoonz]

Hi everyone,

Gambling has become very popular in the world , especially after the changes that have occurred over the years with modern technology and the abundance of games, we can now gamble with one push    anywhere and anytime . More money is flowing to sites and casinos in huge quantities, and everyone’s goal is to win more ,As is always known, if there is a loser, there is a winner, and I don't think that the percentage of losers is greater than the winners .

Is this true gambling is not place to make money is place to lose it?

It would be better or best for any one to see gambling as taken both directions of winning and Lossing such that anyone that becomes your possible or potential outcome you can have a better stand of handling it, considering the fact that while you will be winning another will  be Lossing. Generally, gambling is not a place of making making money neither is it a place of Lossing money, just gamble for fun or entertainment, if you get lucky you win and if you don't loss too, two things has always been involved and one just have to accept it that way else it will become very problematic.

[summonerrk]

Is this true gambling is not place to make money is place to lose it?

Two types of probabilities one profits another loses.
No gambler can be found who has only profited but no loss on his tide bets. Participating in gambling must involve two types of possibilities. If anyone thinks that I will only profit by participating, then he is an absolute fool. So gambling is a place where you can pay both profit and loss. But in my case statistics show that the amount of loss is more than the gain because luck does not favor me in gambling.

I think that ultimately all players lose at gambling. And if someone doesn't lose, it means he just doesn't do much gambling, and in the future he will have a streak of failures. It can be assumed that the casino has prepared an equal number of wins and losses for each player, but this is not the case. Despite the fact that the casino in any case gets its benefits at the expense of commissions. But I know that the majority of casinos receive the main profit precisely due to gamblers' losses.

[HelliumZ]

But I know that the majority of casinos receive the main profit precisely due to gamblers' losses.

Gambling and casino sites don't run with their own money but they run casinos and gambling sites from a share of the profits from users like us. If the casino authorities operated with money from their own funds and only gave the profits to the public, every casino and gambling site would be bankrupt in no time. Casinos and gambling sites are designed in such a way that they will never be at a loss, instead they will always be in profit and try to give us a profit. If I make a profit from gambling today, there is a possibility that I will face a loss the next day.

[MainIbem]

I think that ultimately all players lose at gambling. And if someone doesn't lose, it means he just doesn't do much gambling, and in the future he will have a streak of failures. It can be assumed that the casino has prepared an equal number of wins and losses for each player, but this is not the case. Despite the fact that the casino in any case gets its benefits at the expense of commissions. But I know that the majority of casinos receive the main profit precisely due to gamblers' losses.

In gambling losing is inevitable, no matter how strategic or skilled one is the person must definitely lose at some point, but then that shouldn't discourage anyone concerning gambling, the things is that if you're not good at it or always  seem unlucky when you try then the best thing is to avoid it totally and leave those that knows how to make profits without losing too much to participate it in. Two things are involved in gambling, it's either you win or lose and the fact that their are people who win from it shows that gambling could be profitable as well, even though the casinos would definitely gey the lion share, there are people who still make huge profits from it, though they're not much compared to the amount of lossers

[junder]

I find this topic problematic. Gambling is not t a place to lose it,  but though people loose more frequently than win but that does not mean or makes it a place to lose it. Gambling is a game of luck and fun. Most people has made fortune from gambling and before they could achieve that, they might have lost alot but where lucky to win big and change their life story. So what would you say about those people that made it through gambling. In whatever thing we do in life risk is always there. And before we do anything we must do risk assessment before partaken. but when we lose we think we are not wise or we have made the worst mistake of our life forgetting we where trying to chase after big things which we all know that great things takes time and many deadly attempts which we may or we may not achieve. In all we shouldn't say gambling is a place to lose it, for we can not generalise everything because of some ugly side of it.

It's true what you said, gambling is not entirely a place to lose because gambling is a game that does have the opportunity to win, it's just that luck plays its role here, luck will determine the gambling we do, if luck is on our side then there will be a win that can be obtained. Of course, those who have been able to win or make a profit before will definitely experience losing money first, although there are gamblers who can win without losing money first, that's unlikely, but I believe there are those who have experienced something like that, because of luck, no one knows when it will happen. .

Of course, everything has risks or consequences. What must be done is that when we are going to do something, we must be able to consider what we are going to do, think about the risks or consequences when we are going to do something so that undesirable things don't happen. Don't let us take action that ends up making us regret having done it, even if we know the risks, we must be able to set limits so as not to do it too much, besides that, gambling can also be more interesting, especially if we lose self-control.

[bitgolden]

Only fools would really be making it as a source of income and if you are really just that making use of your own common sense then you could already tell for yourself that it wont really fit out on such criteria. It is really just that for fun and entertainment, why cant people just be able to realize such thing? It is really just that simply to understand and realize those things but surprisingly majority do fail on such manner. For those who are able to realize those things in early times then they are the ones who do save up themselves on getting addicted and making that huge spending into it
which its really something or a must thing to be done by anyone but well each person would really be that different into this aspect and this is why we do see different conditions such as this.

But we knows that some people still trying to use gambling as a source of income and trying to wins the money from gambling, even if they knows that is a wrong thing that they do. They will not stops from that and maybe that will makes them bankrupt sooner or later but they will not realizes that they already lose much money.

They must realizes that they needs to used gambling as a fun things so they will not gets deeper in gambling and can still control themselves from the addicted to gambling. If many people realizes the bad things that they can gets from gambling, they will see that they don't have big opportunity to wins the money but they can lose much money. They will not spends too much money when playing gambling because they will always limits their money to playing gambling.

Trying to win money from gambling, and making it a source of income are not the same things. We should remember that we are not going to get the same result at all. If you want to make some money while gambling then you are doing the right thing because there is literally two possibility of a bet, you either win or you lose and if you prefer to win then it's only natural and while you may lose, if you win then you would be happy about it. Whereas, if you want to make it a source of income, then you do not just "want to win", you literally expect to win and you expect it long time as well, you expect it to be something much bigger.

I believe that we are going to end up with something that will not be possible if we want to make it a source of income, because you can't keep making profit after profit forever. So, I think one is normal and possible while the other one is not that possible and could be a different situation based on what we know.

[Obari]

Hi everyone,

Gambling has become very popular in the world , especially after the changes that have occurred over the years with modern technology and the abundance of games, we can now gamble with one push    anywhere and anytime . More money is flowing to sites and casinos in huge quantities, and everyone’s goal is to win more ,As is always known, if there is a loser, there is a winner, and I don't think that the percentage of losers is greater than the winners .

Is this true gambling is not place to make money is place to lose it?

Gambling is a place where both profit and loss are encountered and to be frank, just as you stated that, everyone but the casino and the gambler are all in the business to make profit and just as you’re praying and working hard to make a win against the casino, so is the casino also praying to make a win against you but what actually matters is that, at the end of the game, there is either a winner and a loser which either the casino and gambler expects the better result.

I’m sure the rate of winnings in a casino can’t be compared with the losses because I’m sure the casino is a Keith so much profits as compared to their losses else they wouldn’t be in the market for long.

[Tmoonz]

I think that few gamblers keep accurate statistics of their defeats and victories, and they perfectly understand how much they won and how much they lost. They probably only remember about the number - I think that memory tries not to keep sad memories of losses, but victories are remembered very vividly. Therefore, many gamblers may have the illusion that they won more, although in fact this will not be the case at all. That's why casinos try to make bright pictures of victories in slots, for example, but they don't beat defeats visually at all.

I have always personally adviced against keeping a track record of one's losses and wins in gambling, for some reason I assume it could encourage gamblers to stay even or get money out the casino in the long run. We all know that is not a good idea, at all, since the house always wins in the long term (there are very few exceptions).
If a gambler keeps a well organized record in a spreadsheet of his gambling sessions, they will know exactly how much they have lost.

Keeping tracks or records of one gambling activities is very good and there is nothing absolutely wrong with it, as it tend to give the very clue of how much you are allocating to gambling in terms of the resources, energy and time, as over allocations can be very problematic and possibly lead to addiction, at most times when your records shows much of Lossing than winning one may decide  to go for break or probably change pattern of gambling that may seem more favorable than the previous strategy of gambling because sometimes it is very good to change gambling pattern if the previous strategy is not being favorable.

[Fivestar4everMVP]

I think that few gamblers keep accurate statistics of their defeats and victories, and they perfectly understand how much they won and how much they lost. They probably only remember about the number - I think that memory tries not to keep sad memories of losses, but victories are remembered very vividly. Therefore, many gamblers may have the illusion that they won more, although in fact this will not be the case at all. That's why casinos try to make bright pictures of victories in slots, for example, but they don't beat defeats visually at all.

I have always personally adviced against keeping a track record of one's losses and wins in gambling, for some reason I assume it could encourage gamblers to stay even or get money out the casino in the long run. We all know that is not a good idea, at all, since the house always wins in the long term (there are very few exceptions).
If a gambler keeps a well organized record in a spreadsheet of his gambling sessions, they will know exactly how much they have lost.

Keeping tracks or records of one gambling activities is very good and there is nothing absolutely wrong with it, as it tend to give the very clue of how much you are allocating to gambling in terms of the resources, energy and time, as over allocations can be very problematic and possibly lead to addiction, at most times when your records shows much of Lossing than winning one decide to go for break or probably change pattern of gambling that may seem more favorable than the previous strategy of gambling

Well, keeping a record of one's gambling activities and it's expenses is definitely a good idea, but wrong to say that it's one that has absolutely nothing wrong with it, there are definitely some cons that comes with keeping record of one's gambling activities, and I will explain this a bit below.

It is often said that some things are better left unsaid, or not heard of, so also in gambling, some people are better off not having a record of their gambling activities, because without proper handling of such information, it could lead the gambler into not just regrets. But depression as well, and most of all is that, keeping such record can drive one into becoming a gambling addict, how? (you might want to ask), well answer is simple, imagine not having a penny today to spend on important things, and you go back to your gambling record and discovered that you have successfully gambled away hundreds of thousand of dollars some few months ago, will you be proud of yourself knowing this? Of course not, such can only cause regrets and unhappiness, and it might even drive such person to want to go into revenge gambling, to try to recover that money he or she has lost, and this is usually an automatic ticket to becoming a gambling addict.

[piebeyb]

I believe that we are going to end up with something that will not be possible if we want to make it a source of income, because you can't keep making profit after profit forever. So, I think one is normal and possible while the other one is not that possible and could be a different situation based on what we know.

When someone considers gambling as a source of income, usually he is just an unemployed person who doesn't have a job, people like this usually have assets or money from their parents so they don't want to compete with other people in business or in real work so they consider gambling as a source of income. even though this is not justified because no gambler wins every day because gambling is not a place to make money which in the end will only make people lose a lot of money and it will also end in the same way, namely gambling addiction. This is a common thing that often happens in cases of gamblers like this who always consider gambling as a source of income.