The 'play till you hit it' mindset

[Accardo]

The chance for someone to hit a big jackpot is very low, like the chance of getting it is 1 in a thousand or more (depending on the type of game). So if someone plans to get the jackpot, then they have to be prepared that they will need to spend more money or take longer to get it - even if they can get it in a short time with less money - but let's just think realistically that the casino have designed their games with a probability that we can say is low, and if someone wants to get the jackpot then they need luck and strategy, and not all gamblers have those things.

Yeah, Only deep pocket gamblers can afford to aim for jackpot since they have the money to spend for a longer play time.

On chance that is very low to occur. The consistency is the key on getting it since you will need a lot of tries to hit a jackpot. Gamblers that aiming for jackpot will tend to lose since they will do a lot of risky bet such as betting on low odds for a chance to win huge multiplier instead of playing a game with fair odds which they can enjoy themselves.

I believe that the real jackpot on gambling is when you enjoy the game without losing big time in the process.

The wall street journal reports that only 13.5% of gamblers get on with a win and that number may crash the longer they play. When winning, every gambler face same dopaminergic responses including the rich; to continue gambling. The thoughts of winning the jackpot made gambling look like a game with ample possibilities for accumulating wealth. And without the winning opportunities, gambling would have been as boring as a vegan restaurant food menu. Certainly this debatable issue of casinos handing out financial freedom have led to fierce historical losses from gamblers since the establishment of the game. Thereby, fattening the pockets of the casino owners.

[mirakal]

That kind of mindset is very common in most gamblers. Some had already lost a lot of money, gambling for many years, and still not hitting the jackpot prize but they still remain hopeful that one day they could be lucky. We couldn't really think how they look into that situation and never tired of waiting and I don't see it as a healthy gambling mindset but some sort of disorder. And I couldn't imagine it is enjoyable anymore especially when we know that we are losing too much and might be a bigger amount than the jackpot prize. I couldn't think it made sense and for me, it is a losing idea.

Gambling is a game of trials and luck. I don't think having a target to win big is a wrong mindset. My reason is that as much as the gambler gambles within his budget, it's not bad to aim high. Some people are high-risk takers and this is one of the ways of winning big. If you don't take high risks you might never win big. For those who just see gambling as fun and a means of getting just a little extra funds, it is not advisable to have the jackpot mindset. But some people see gambling as a means of winning big and they have the money to finance their gambling goal, targeting big wins is not a bad idea. These set of people believe that in gambling you keep trying until you win big, there is no need to give up.

If that is still within the budget limit, it is okay and no question about that but for those who commit loans for the sake of gambling, it is a different story and a stupid decision. I see a lot of gamblers doing this and even in my neighbors. Despite their difficult life situation, they still manage to spare some amount to gamble and are not given the luck to win, it is not having fun anymore but a chase. Very unfortunate that some gamblers can afford to sacrifice their living and their necessities just to fund their gambling habits. It doesn't look okay and that kind of mindset "play till hit the jackpot prize" is just like we are relying our future on luck which is a fact, we can use some of our money for business opportunities but it was been spent on gambling.

[DubemIfedigbo001]

Last month, the Gambling Commission fined William Hill over £19 million for failures including allowing a customer to spend £23,000 in just 20 minutes.

Betting companies are already required to prevent harm, but there have been repeated instances where they have allowed losses which the majority of the population could never afford. The measures set out today will shield players in the grip of addiction from harm and hold gambling firms to account when they fail in their responsibility.

Link to quoted text

This is a very good move put in place by the UK government to curb the menace of addiction on it's citizens, making it a shared responsibility between the government and the casino at large.

Truth is, preventing addiction patterns is easier controlled by the casino itself as the same way they checkmate for double accounts and gamblers in restricted regions,  they can equally checkmate the irrational involvement of users and stop their excesses before it's uncontrollable.

[darkangel11]

The wall street journal reports that only 13.5% of gamblers get on with a win and that number may crash the longer they play.

That's right and casinos know that which is why they will do what they can to make you start playing even for free. They will give you free rolls, bonuses for new players, rakeback. Bonuses and free rolls make you want to start playing and once you use the free money you will most likely add more and rakeback and all the account level ups will make you want to stay and play more because the more you play the more you can save up, right? Wrong. The more you play the more your chances of winning go down.

[Fivestar4everMVP]

What are your thoughts on this? Is constantly chasing big wins a practice you consider ok in gambling?

Well, this is behavior, of constantly chasing big wins in gambling, is not something I consider to be OK or good, owning to the fact that gambling was never meant to be a making making venture in the first place, but then, and unfortunately, humans seems to have gotten used to being overly greedy with anything they can make money from, not minding whether making money was or not; the primary reason why that thing was built or invented.

Constantly chasing after big or the maximum win is something I myself has been guilty of in some previous occasions, I remember my experience playing on L0tt0.com. For several weeks, I was busy chasing after the big win, and at a time, I discovered I was gradually becoming addicted to the games I played on that casino, I had to pull myself off before it becomes hard to control myself, it's one of the reasons why I no longer play on that casino quite often as before, coupled with the fact that work has become more tediuos for me, leaving me very little time for any other activities like gambling.

What I am saying in essence is that, chasing after such type of win, or trying to recover our lost money back, is one of the easiest ways many fall into addiction to gambling, without even knowing it, or how it happened.

[lienfaye]

Now, for the people that think they'll eventually hit a big win. Yeah, if you keep playing forever mathematically at some point you'll get a big win. How big though? Well... Slots and games with huge multipliers, aside of having also a house edge, usually also have what's called volatility.

This is the typical mindset of a gambler who's after profit. They believe if you stay longer playing the particular game, you'll eventually hit a jackpot, and it's not going to happen if you quit early or has a small bankroll. However, we know this is not the case in gambling since luck is a major factor to win and it's not about how long you play. Because regardless how many minutes/hour you spend playing, if you're lucky then you'll going to win.

Hence, it's wise to set a budget to use in gambling and control yourself not to go beyond that regardless of you win or lose. This is to keep yourself for further losses if you're not fortunate in your gambling session.

[skarais]

Winning a big jackpot is the dream of all gamblers, this is normal for the average gambler. However, a big jackpot is something that is difficult because the probability of winning it is very low. No one knows when you will win the jackpot on slots, it depends on whatever budget you have in it. However, the jackpot has in fact made gamblers try to chase it even if they have to spend a lot of money, but of course this is not the recommended method.

I don't think there is a better method for winning a jackpot on slots other than just playing as long as possible with low bets, but many gamblers expect something big so they are too confident to play at high bets. They forget that no one knows when the jackpot will come, but they chase it with greed.

[Fivestar4everMVP]

Winning a big jackpot is the dream of all gamblers, this is normal for the average gambler. However, a big jackpot is something that is difficult because the probability of winning it is very low. No one knows when you will win the jackpot on slots, it depends on whatever budget you have in it. However, the jackpot has in fact made gamblers try to chase it even if they have to spend a lot of money, but of course this is not the recommended method.

I don't think there is a better method for winning a jackpot on slots other than just playing as long as possible with low bets, but many gamblers expect something big so they are too confident to play at high bets. They forget that no one knows when the jackpot will come, but they chase it with greed.

Winning a jackpot in a slot game with the bet of $0.1 can't be compared with winning a jackpot on the same slot game with a bet of $100, I believe you know this, and one thing you must know is that, when a gambler wins a jackpot with a very low bet, like let's say $0.1 to $5 or a little more, it's more provoking than the win should have made the gambler to be happy, and this is because at that moment, the gambler will begin to imagine what the won amount would have been if only the bet was higher.

I've personally found myself in such situation as the above several times even though Ive never won a jackpot, but there have been times when I hit some multiple X in winning, with a very low bet, and instead of being happy, I am rather angry at myself for not playing with a bigger bet, this is especially when I have good bankroll but was being too conservative.
This is one the reasons why many gambler still go ahead placing big bets, because just as you have said, no one knows when a jackpot will come, so for them not to miss out on a big win, they place big bets.

[buwaytress]

OP, are you a gambler? Cause I see a lot of questions from people querying mindsets and behaviours which to me are highly typical of what I would call gamblers.

I don't play slots, but I know the all-in till you hit it mentality, probably play the same way with my sportsbetting. I have a balance for a season. I'm playing my way til I lose it all or hit big a lot. Makes sense to me from a fee perspective: I'm paying a fee for entertainment. 12 tickets to a movie a year, monthly dinner out, fancy trip with the family every holiday, hell, an annual payment of Netflix (I still torrent but kids have no idea how to).

Gambling's my entertainment. If I have a budget of $100, I don't expect to see it back. Anything extra if I win big is a bonus.

[piebeyb]

The wall street journal reports that only 13.5% of gamblers get on with a win and that number may crash the longer they play.

That's right and casinos know that which is why they will do what they can to make you start playing even for free. They will give you free rolls, bonuses for new players, rakeback. Bonuses and free rolls make you want to start playing and once you use the free money you will most likely add more and rakeback and all the account level ups will make you want to stay and play more because the more you play the more you can save up, right? Wrong. The more you play the more your chances of winning go down.

Many of my friends gamble until the end of the game and in the end they don't get anything they want because they only chase victory and money. Shouldn't winning from gambling be used as a bonus, in fact it's rare for people to win gambling, the more they gamble, the more they win. money is lost, there is no winning in gambling games. If many people win at gambling, we will definitely find many people who are rich because of gambling, but instead we see people who are losers and bankrupt because of gambling, that should be an important lesson. it seems to others that such a mindset will not work.

The word success and the word win should not be an achievement at the end of a gambling game. The point is that gambling must be able to enjoy it so that it doesn't go beyond the limit. Moreover, the correct mindset for gambling is not to have to gamble until you succeed. The point is that it is really fun and you can enjoy the game because of this. In my opinion, that is more important than using a mindset of pursuing victory and success. There are many ways provided by gambling sites so that gamblers continue to gamble with the promotions they offer, but it all comes back to their own views because everyone always has different views on this matter.

[mammusu]

Winning a big jackpot is the dream of all gamblers, this is normal for the average gambler. However, a big jackpot is something that is difficult because the probability of winning it is very low. No one knows when you will win the jackpot on slots, it depends on whatever budget you have in it. However, the jackpot has in fact made gamblers try to chase it even if they have to spend a lot of money, but of course this is not the recommended method.

I don't think there is a better method for winning a jackpot on slots other than just playing as long as possible with low bets, but many gamblers expect something big so they are too confident to play at high bets. They forget that no one knows when the jackpot will come, but they chase it with greed.

Getting a win of 2x to 5x from the capital we spend is something that is difficult, especially if you want to get a big jackpot. It's not impossible, but the possibility is very small. Of all the gamblers there are, how many people have ever won a big jackpot? I think there are not many. Even though I don't have valid data when I say this, I see it from several gamblers around me. So that is the basis for me being able to say that.

For me, when I continue to play using low bets in the hope that our game will last longer and within that time we can get the jackpot, that is also not a guarantee. The reason is that several times I did this, I didn't win but I started to get annoyed with the game. I mean at the beginning I played to relieve fatigue, but then when we played for a long time it turned into boredom.

[Mr. Magkaisa]

The wall street journal reports that only 13.5% of gamblers get on with a win and that number may crash the longer they play.

That's right and casinos know that which is why they will do what they can to make you start playing even for free. They will give you free rolls, bonuses for new players, rakeback. Bonuses and free rolls make you want to start playing and once you use the free money you will most likely add more and rakeback and all the account level ups will make you want to stay and play more because the more you play the more you can save up, right? Wrong. The more you play the more your chances of winning go down.

          -    The majority of the casinos in the era we are facing now do exactly that with bonuses and rakebacks that often play gambling on their platform. With the size of the amount that has been defeated, there is something that somehow returns as incentives to their balance wallet.

Until now, that method has often been used by gambling platforms, but the risk is as high as we think. I don't believe that the more you play, the greater your chance of getting the high-priced jackpot. which is not true anyway.

[MainIbem]

Of all the gamblers there are, how many people have ever won a big jackpot? I think there are not many. Even though I don't have valid data when I say this, I see it from several gamblers around me. So that is the basis for me being able to say that.

For me, when I continue to play using low bets in the hope that our game will last longer and within that time we can get the jackpot, that is also not a guarantee. The reason is that several times I did this, I didn't win but I started to get annoyed with the game.

I support your first statement and it shows that every gambler should be mindful of reckless spending in gambling, people shouldn't waste money unnecessary because of the mindset that they'll win a jackpot someday, that's why gambling with what you can afford to lose is the right thing every gambler should normalise and should also have in mind that the house would always have the winning edge. And also bro, you don't even need a data to know that not everyone is able to win a jackpot or do it constantly, cause if it where easy then the house would've been losing more than gamblers. Well I understand your story and all I have to say is that gambling is more fun when one wins often whether you play for fun or for the money but then when one keeps having many loses that's when anger, mind-set of chasing loses, hatred for the game and sometimes depression comes in, however gamble responsibly no matter what.

[skarais]

~~~

Winning a jackpot in a slot game with the bet of $0.1 can't be compared with winning a jackpot on the same slot game with a bet of $100, I believe you know this, and one thing you must know is that, when a gambler wins a jackpot with a very low bet, like let's say $0.1 to $5 or a little more, it's more provoking than the win should have made the gambler to be happy, and this is because at that moment, the gambler will begin to imagine what the won amount would have been if only the bet was higher.

I understand exactly what you are trying to explain, but it is a human appetite that is never satisfied.
When you win the jackpot with a small bet you will wonder what would happen if you bet with a bigger bet and won the jackpot. Even though you never know whether you will win or never win at all until your balance runs out.

I've personally found myself in such situation as the above several times even though Ive never won a jackpot, but there have been times when I hit some multiple X in winning, with a very low bet, and instead of being happy, I am rather angry at myself for not playing with a bigger bet, this is especially when I have good bankroll but was being too conservative.
This is one the reasons why many gambler still go ahead placing big bets, because just as you have said, no one knows when a jackpot will come, so for them not to miss out on a big win, they place big bets.

I don't think any gambler should have too many illusions about a big jackpot if his budget means just having fun for a few minutes with minimal bets. Just have fun and don't let greed lead you to lose more for something we are not sure of winning. The jackpot is a bonus that basically not all gamblers are lucky to win, but luck sometimes it doesn't take long for you to win it.

[Dewi Aries]

That kind of mindset is very common in most gamblers. Some had already lost a lot of money, gambling for many years, and still not hitting the jackpot prize but they still remain hopeful that one day they could be lucky. We couldn't really think how they look into that situation and never tired of waiting and I don't see it as a healthy gambling mindset but some sort of disorder. And I couldn't imagine it is enjoyable anymore especially when we know that we are losing too much and might be a bigger amount than the jackpot prize. I couldn't think it made sense and for me, it is a losing idea.

Gambling is a game of trials and luck. I don't think having a target to win big is a wrong mindset. My reason is that as much as the gambler gambles within his budget, it's not bad to aim high. Some people are high-risk takers and this is one of the ways of winning big. If you don't take high risks you might never win big. For those who just see gambling as fun and a means of getting just a little extra funds, it is not advisable to have the jackpot mindset. But some people see gambling as a means of winning big and they have the money to finance their gambling goal, targeting big wins is not a bad idea. These set of people believe that in gambling you keep trying until you win big, there is no need to give up.

If that is still within the budget limit, it is okay and no question about that but for those who commit loans for the sake of gambling, it is a different story and a stupid decision. I see a lot of gamblers doing this and even in my neighbors. Despite their difficult life situation, they still manage to spare some amount to gamble and are not given the luck to win, it is not having fun anymore but a chase. Very unfortunate that some gamblers can afford to sacrifice their living and their necessities just to fund their gambling habits. It doesn't look okay and that kind of mindset "play till hit the jackpot prize" is just like we are relying our future on luck which is a fact, we can use some of our money for business opportunities but it was been spent on gambling.

Yes, of course, there is no prohibition for anyone (except underage children) from getting involved in gambling as long as they can manage all their money well, in the sense of not risking amounts that are beyond or exceed their limits, but otherwise , or they even use loans as an alternative to finance their gambling activities, so of course this is an idea that can never be justified.

Gambling using borrowed money means you are opening the door to a more serious disaster. Basically there is no compulsion from any party for you or anyone to always be involved in gambling, there is no prohibition and there is no coercion either, meaning that if you really want to gamble and have some money to bet (cold money) then yes, please, and if If the case is the opposite, as you said, where there is one of your neighbors who has a financial situation that is below average but still sets aside money for gambling, then yes, I think I will assume that that person is one of the gamblers who tries to make gambling a way of to change their fate, and actually there is nothing wrong with their enthusiasm in dedicating themselves, but the problem is that they choose the wrong place, which instead of making their life better, what happens is that they end up experiencing a much worse life situation. worse as time goes by.

[BITCOIN4X]

The jackpot is a hope that is not impossible to win, but I admit that the jackpot is difficult. Many slotters hope to win the jackpot every time they make a deposit, but not many of them can win it. It's rare for a slotter to win the maximum jackpot on a particular game provider, but once again this is not impossible to win.

If you are a gambler and someone who enjoys gambling, then losing and winning is normal. Think of the jackpot as a bonus, but don't try to chase it because you might never get it without a lot of capital. The point is, don't be greedy and be a responsible gambler.

[Dr.Bitcoin_Strange]

Not everyone can be a jackpot/big hit winner and that's something we ought to accept I think.

Some people don't understand that gambling is not favorable to everyone; if they do realize that gambling is not favorable to everyone, they will not have such a mindset toward gambling. Some gamblers with such a mindset can only end up losing so much money. A responsible gambler must be aware that the winnings they get from gambling are not certain, so if they think they can win all the time, they will lose more than they expect. Making profit in gambling is basically dependent on luck and not not certain agreement for winning any particular amount.

[SamReomo]

I don't think there is a better method for winning a jackpot on slots other than just playing as long as possible with low bets, but many gamblers expect something big so they are too confident to play at high bets. They forget that no one knows when the jackpot will come, but they chase it with greed.

I agree with you, one should always play for long with low value bets to get some jackpots rather than playing with high value bets especially in slots. The ones who play more bets often get higher chance to have a jackpot than the ones with low number of bets but luck can also play its game sometimes.

If those who place big value bets and are lucky then they might get a jackpot while the ones who are not so much lucky can win a jackpot with so many bets as sometime luck also favors those who doesn't give up. I believe in the end it's someone's luck that decides that whether they're going to get a jackpot or not.

[Coyster]

What are your thoughts on this? Is constantly chasing big wins a practice you consider ok in gambling?

People who play constantly with a lot of money, hoping to win the big one are somewhat wrong, because you have been losing all the way down to big one, so sometimes your win might not cover your past losses or even if it does, what you think you won is way lower than that. Playing constantly is fine, but the amount you gamble with also matters, you ought to still be responsible in gambling, even when looking for a big win, and learn not to be greedy and take smaller winnings most times.

[CryptoHeadlineNews]

One thing I'll never understand with some people is the mindset of playing and spending your balance on games like slots until you hit a big jackpot.

For me, I will say that inasmuch as these people are doing it with an amount of money they can always afford to lose, then I will say that I see nothing wrong with such strategy, because the truth about gambling is that if only of the  people who emerge winner at gambling casinos centers today, of only they never had tried their luck, they definitely would never have won, of which if people tends to gamble only what they can always afford it.  then the gambling community will be a better place