The 'play till you hit it' mindset

[nimogsm]

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.

According to my observations, players with addictions are hunting for the jackpot. For ordinary players, the jackpot is not always the goal; rather, it is just an opportunity to spend time with money and be a little nervous.The casino will always be in profit and I always keep this thought in my head which does not allow me to play around and spend more than I intended.

[Mate2237]

That is the real gamblers mindset. And any gambler who does not have that mindset is not a gambler but just a passerby in gambling. Real gamblers will always think that they will make or hit the jackpot one day even though they are on the losing side always. And That is the reason why most of them lose big with all their fortune saving amount. Like the comment I made just now that the businessman used Al his money to play gamble and loss all.

The mindset of that businessman gambler was to win big or hit the jackpot so he can probably expand his business to another areas of investment but luck was not his side and he loss all.

[Zigabel]

For some persons, they just want to win the much they can and exit the casino while for the others, they want to make sure they are able to to win only but the big one and that's why they attempt only the jackpot but for whatsoever reason it may be, of utmost important is winning and not just continues trying, it's very possible if you are winning often, you may get to the point where you will eventually have pilled u your wins and it will amount to almost the jackpot you have been targeting.

[Tmoonz]

Hitting a jackpot win is good but it's something that a real gambler should prioritize as when it will even happen it can be unexpected but prioritizing it can become very problematic and can lead to addiction by chasing losses, gambling with an amount that you can't afford to lose, spending more time in the gambling arena and your general life can become complicated. However, it every gambler mindset I must say to have a big win but it doesn't come as easy as that perhaps not everyone can be a jackpot winner and you must bet only according to the size of your pocket and not as a competition.

[Wexnident]

~

Well, the numbers do speak for themselves but for your average gambler they're pretty far out of understanding it. Mathematically they get it, but I reckon a large amount of gamblers don't even give a crap about it lol. A chance is a chance is what they'd probably say.

I'd definitely avoid it. I avoid any opportunities to chase something so far out of reach for me. If I get it by instance sure hell yeah nice, but to actively chase for it? I'd rather build small blocks imo. I'm not just that comfortable taking that much of a risk not to mention that the idea that I don't have any fallback whatsoever when I fail scares the life out of me.

[Hispo]

... and you must bet only according to the size of your pocket and not as a competition.

Ironically, it is not only aware of the size of one's pocket when comes to gambling, it is also about recognizing there are reasons or incentives within this industry so people will continue to increase their accumulated wager. Have you ever seen the so called wager races? They are directly targeted so people will wager beyond what they may think to be acceptable for their own good and self preservation, that is one of the main reasons I don't like wager races. I think they are intended to be taken only by a relatively small fraction of the people who have an active gambling life on online casinos, instead small gamblers. Though, the prices and the bonuses offered as part of such events end up not only attracting people who could be considered to be high-rollers, but also casual gamblers who pursue to take care of bonuses and prizes, their pocket (in the majority of times) won't allow them to compete to others, who are in a different league.

[Poker Player]

https://www.cuandomevaatocar.com/en/powerball/simulator/

...

I made the simulation of buying a ticket twice a week when the lottery runs, for 50 years, and this was the result:

You won in prizes 8.84% of the investment

thankfully not real money, otherwise I could have bought my grandson a used car or something
 

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

I knew about this website, which is very useful to have a visual information of how things are. The result you have had explains why the richest postcodes are where less lottery is bought and the opposite happens in the poorest ones. The rich know more about winning money and therefore gambling is more likely to make you lose it.

The result obtained is due to compound interest but negative, acting against you. Now let's do the opposite. Let's assume you invest $16 dollars a month in the S&P 500 for 50 years. At the end of 50 years you would have $268,356.53. But you would only have taken $9,6K out of your pocket to invest. Not bad, right?

[TheUltraElite]

Jackpot hunters?

Fairly common in offline gambling, though there are some who keep having wet dreams about jackpot wins every now and then and attempt to chase it. It is the gamblers mindset indeed, trying to defeat the game in a game where the player is supposed to lose the game.

I think those who have been in the gambling industry have realized by now that the cumulative losses outweigh the total jackpot even won once. So you win big, but you have actually lost.

[junder]

For some persons, they just want to win the much they can and exit the casino while for the others, they want to make sure they are able to to win only but the big one and that's why they attempt only the jackpot but for whatsoever reason it may be, of utmost important is winning and not just continues trying, it's very possible if you are winning often, you may get to the point where you will eventually have pilled u your wins and it will amount to almost the jackpot you have been targeting.

Of course, all gamblers want to be able to get big wins because that is the dream of everyone who gambles. Many people force themselves to gamble with the aim of getting the big win they want, but unfortunately the thoughts or mindset here are sometimes the problem. because they have the thought of wanting to win while they don't think about the risk of losing which is certain, even though they are likely to experience defeat or have experienced consecutive defeats, they don't pay attention to this with a mindset that only thinks about winning, they continue to gamble and that's the same. with them dropping larger budgets in pursuit of big, uncertain wins.

collect winnings? I don't think it can possibly be equivalent to the desired jackpot, and the sensation is different. Now, if we get a small win, it might happen, but we all know that gambling wins rarely happen, even with small wins, so if we collect the winnings we get, I don't think it's the same as a jackpot. What we have to do is change our mindset, don't just think about big wins because thinking like that will only make us fall deeper into gambling.

[ethereumhunter]

Hitting a jackpot win is good but it's something that a real gambler should prioritize as when it will even happen it can be unexpected but prioritizing it can become very problematic and can lead to addiction by chasing losses, gambling with an amount that you can't afford to lose, spending more time in the gambling arena and your general life can become complicated. However, it every gambler mindset I must say to have a big win but it doesn't come as easy as that perhaps not everyone can be a jackpot winner and you must bet only according to the size of your pocket and not as a competition.

Hitting a jackpot is not an easy things to gets because we must have big luck to gets it. Only some people who can hit the jackpot while many people lose their money when they push themselves to keeps playing gambling to hit the jackpot. We must realizes that having a mindset to still playing gambling till you hit the jackpot is not a good thing because you can lose all the money you have.

You must consider how much money you will use to playing gambling so you will not lose too much money. That will be sadly if we really lose too much money because we wants to hit the jackpot because we risks all of the money we have. We have a chance to wins in gambling but we must realizes how big our chances to wins so we must trying to limits our money and only to try to enjoy the games.

[mammusu]

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.

Yes, that is the polarization that I see from gambling, you are right that the house will always win rather than the user, they make a number of profits every day and the numbers are fantastic. It is nothing new when we hear that in gambling the circulation of money is a circulation of fantastic amounts. Also keep in mind that they created gambling for business, and in business we all know they are looking for profit. So it is absurd when someone says that the house will share the winnings, because they are also in business.

We must always treat gambling as a place to have fun and as a place to seek victory, especially don't make gambling a job. Because it is not profit or victory that we will get here but rather a loss which has a greater chance. We can see our winning percentage every week, sometimes I only get 1 win, it even takes a month for me to win. So here we have to be responsible for what we do.

[Peanutswar]

~
Not everyone can be a jackpot/big hit winner and that's something we ought to accept I think.
What are your thoughts on this? Is constantly chasing big wins a practice you consider ok in gambling?

As you've said that not everyone hit a good profit upon playing gambling this is another mistake of the gamblers they want to play gambling because they want to earn money and sometimes they are now using the gambling as a source of income we know its a high risk reward game there's no assurance if you will win every day because of the house edge of course, if you are a responsible gambler you know when is the limitation you must consider at least boundaries with too much gambling like having a desired amount for a game and not make another deposit just to make a revenge with your losses at the end of the day you will get realize your mistake but its too late you've spend already a lot of money.

[irsykes]

It's better to play with a cool head and not be motivated to look for big wins. Play casually and enjoy the game round by looking for opportunities to increase your balance without ambition. However, if you gamble with a thirst for victory, there is a big risk of losing and winning is lucky. Use a wise mindset when playing, don't end up being a loser or destroyed because of excessive effects, you have to be careful

[Lida93]

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.

According to my observations, players with addictions are hunting for the jackpot. For ordinary players, the jackpot is not always the goal; rather, it is just an opportunity to spend time with money and be a little nervous.The casino will always be in profit and I always keep this thought in my head which does not allow me to play around and spend more than I intended.

Aiming for the jackpot is not a bad  an attempt to make but a constant position of the mind on it leading to careless costly bets is really not acceptable in my opinion. With the experience of those that have won a jackpot before you observe that they never did aimed on winning it, they just got lucky in the middle of doing their normal gambling stuff.

Chasing after a huge win like the lottery is no different from loss chasing because in both the gambler stand a higher chance of making losses than running into profit. The problem with majority of the gamblers is that they feel they can escape from their poverty through gambling and aiming for the jackpot is their one major interest.

[Webetcoins]

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

No, I don't consider this practice okay and I believe it is the reason why so many people lose so much money in gambling because they keep chasing their losses and trying to win something big so that they can recover what they have lost so far. As gamblers, we need to understand that we can't achieve something extraordinary from gambling if we keep pushing our limits, things like these happen randomly and to random people based on how lucky they are and not because of how much effort or money they have spent.

If someone is playing gambling games, they must know that it's pretty straightforward. If you are lucky, you will win something you might not have thought about, and if you are unlucky, you will lose your money and that's it. There are no tricks or anything in it.

[bakasabo]

Play until I win is a strategy that is suited only for few people. I find it silly to blindly making one bet after another, because math and statistics tells that you are going to win one day. Because there is not enough jackpots for everyone. For example, if million persons gamble and play till the end, they will be very disappointed to find out, that in the end there is only one jackpot for one person. I dont think that gambling is a thing where you have to go till the end. This is not a race, competition, a study. This is not something that you have to prove someone that you have "beat the casino".

[noormcs5]

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.

According to my observations, players with addictions are hunting for the jackpot. For ordinary players, the jackpot is not always the goal; rather, it is just an opportunity to spend time with money and be a little nervous.The casino will always be in profit and I always keep this thought in my head which does not allow me to play around and spend more than I intended.

Also if anyone has this mindset of "play till you hit it", then for sure it will lead to addiction at some point. This is not possible that you keep playing and not get addicted. Even if you do not get addicted, you will be losing a major portion of your gambling funds in order to find a jackpot win.
Being realistic in gambling means to gamble with less funds and enjoy the time. Jackpot may be won by luck, but those who wait for it, put themselves under a lot of stress. 

[Jody.Drummer]

Play until I win is a strategy that is suited only for few people. I find it silly to blindly making one bet after another, because math and statistics tells that you are going to win one day. Because there is not enough jackpots for everyone. For example, if million persons gamble and play till the end, they will be very disappointed to find out, that in the end there is only one jackpot for one person. I dont think that gambling is a thing where you have to go till the end. This is not a race, competition, a study. This is not something that you have to prove someone that you have "beat the casino".

That is the reason why gambling should not be made a priority in life, it is nothing more than just a playground when you have boring free time, there is no coercion and no threats from anyone who forces you to gamble blindly in pursuit of victory. , and as you said, this is not a competition either. Overall, gambling has a bad stigma in the eyes of society, which means that even if, for example, you manage to achieve a big win, it is not something that should be shown off to everyone because it is the same as committing suicide or leaving yourself in trouble with the law, especially when you are in the country. which prohibits such activities.

"Play until you win", yes you can get that, but it doesn't mean just in one try, but you have to make several deposits, and it's still not guaranteed that in the umpteenth try you will win, meaning In fact, the act of chasing victory is a situation where you are wasting money, and when it turns out that after several or dozens of attempts the winnings come to you then it is actually your money that is returned by the casino, but unfortunately only a few people think about it. In this direction, most of them only focus on multiplying their money.

[shivansps]

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.
This is something I'll never comprehend. So many people seem to follow this train of thought, while it clearly seems quite problematic and should fall under the chasing profits/losses category. Chasing losses is behavior that some casinos (for example in the UK) are forced to regulate due to government regulation that aims to limit harm to addicted people. So for instance if you were making 1$ rolls on a 100$ balance and all of a sudden you deposit $10k, the casino will ask you for an income statement to make sure you're comfortable making this deposit without ruining your life.

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. So for instance a slot that has a 1000x multiplier, won't give out these rewards 1/1000 times. It will give it maybe 1/4000. This is to make way so they can get profits but also keep some money for even bigger multipliers whenever someone hits them. And even if you hit the 1000x, in a slot with high volatility chances are that you would have lost much more money unless you were extremely lucky.

If you want to see how this translates in real life without spending any money, you could run a powerball simulator:
https://www.cuandomevaatocar.com/en/powerball/simulator/

Powerball has the hugest of rewards in pretty much any game. You could run the simulation for 50 years. i.e. your whole income earning life and still see that chances are very much against you hitting any jackpot or even making your money back.
I made the simulation of buying a ticket twice a week when the lottery runs, for 50 years, and this was the result:

You won in prizes 8.84% of the investment

thankfully not real money, otherwise I could have bought my grandson a used car or something

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

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

I think that such regulation as in the UK can help a large number of people not lose their money and not ruin their lives. After all, a very common mistake players make is chasing a loss. When a person has lost once or twice and then he just thoughtlessly bets all the money he has over and over again to win back. Unfortunately, most of these situations do not end well. Owners of gaming houses will always remain in the black. Unfortunately, there are situations when people lose control of their emotions and because of this they lose a lot of money that was intended to cover bills, debts or loans.
Answering your question, I will say that this practice is very common, but it is not normal, this needs to be regulated at the legislative level and such people need to be helped

[Tmoonz]

I think that it is true if you play long enough you’ll hit a big win. The question is when you do hit the big one, will you know it is THE big one? I’ve only known one person who ever hit a big jackpot and then never gambled again. After decades of gambling he hit it big and then said he finally got what he’s been playing for. One in a million…

Your longevity in the system doesn't guarantee or is not enough guarantee for anyone to hit the big win, no one could actually know when it will happen, perhaps it even be someone who is still new in the system yeah any thing is possible from my own perspective. However, I could say that anyone can do can actually win or hit a jackpot irrespective of how long or experienced the person is, for instance there are people who win at their first while others has been there for long without winning, the logic should do what you can as a gambler and wait for luck to catch up with you.