Gambling's Impact: A Flowchart of Potential Outcomes.

[memehunter]

I have made a flow chart showing the potential outcomes of playing -EV and +EV games.

[Alphakilo]

The flowchart of potential outcomes is good. You need to make an edit.

You should add a text that explains what is in the image. We access the forum on different devices and having on a picture would exclude those whose device are small, or that have set their device to not load images. It also excludes those with visual impairment.

I like the outcome of the Positive Expected Value (EV) Games. There is more challenge there and you have control over the outcome in most cases unless you are using a dubious casino.

But then, the summary I can draw from this is that, if you are having a consistent losing streak in the Positive Expected Value (EV) Games and Negative Expected Value (EV) Games, you should know that the problem is not with the casino or games but with you. You should quit permanently or quit temporarily.

[memehunter]

The flowchart of potential outcomes is good.

Thanks, I am glad you like it.

You need to make an edit. You should add a text that explains what is in the image. We access the forum on different devices and having on a picture would exclude those whose device are small, or that have set their device to not load images. It also excludes those with visual impairment.

Done. Thanks for the suggestion.

I like the outcome of the Positive Expected Value (EV) Games. There is more challenge there and you have control over the outcome in most cases unless you are using a dubious casino.
But then, the summary I can draw from this is that, if you are having a consistent losing streak in the Positive Expected Value (EV) Games and Negative Expected Value (EV) Games, you should know that the problem is not with the casino or games but with you. You should quit permanently or quit temporarily.

Well said.

[michellee]

This is what I got from the picture.

Not many gamblers can leave gambling and learn from their mistakes. Most gamblers will deposit again because of their losses whether they do that in shortly or after for some days or weeks. They will still curious with their lose and that happen to some beginners who is new in gambling.

When they win, not many of them will take a break from gambling but they will think that they can win for more. So that makes them continue playing gambling without think to break for a while.

But if people can use gambling with right, they will not have a problem even if they lose. They know playing gambling will not gives them money and only lose so they just spend some money to have fun and leave gambling after that.

[kotajikikox]

I have made a flow chart showing the potential outcomes of playing -VE and +VE games.

I think you made a good one here. To conclude what is shown, we can see that the results of gambling activities are pretty simple. You either win or you lose but whatever you end up doing with either results will determine the outcome of your gambling experience. If one decides to make proper research and learn from their previous mistakes, there will be a higher chances of winning the next time and even better chances of managing your finances.

Some may not know what you mean by VE though so just please clarify that. Otherwise, pretty simple but clear graph.

[rodskee]

This is what I got from the picture.

Not many gamblers can leave gambling and learn from their mistakes. Most gamblers will deposit again because of their losses whether they do that in shortly or after for some days or weeks. They will still curious with their lose and that happen to some beginners who is new in gambling.

well that is because they are still chasing their losses but let us be honest some games in casino do not have any logical explanation it is just mathematically wired to not let anyone win consecutively or anything big so the only better thing you can do is how you manage your losses and your finances

When they win, not many of them will take a break from gambling but they will think that they can win for more. So that makes them continue playing gambling without think to break for a while.

it is almost in our nature to be greedy when we win we want to double it because we have had our taste of winning that we aim for more but then we will soon realize that this greed will have us going backwards this is one of the only things we can correct when we lose

[mirakal]

Looking at the chart, positive EV showed a favorable outcome, which shows us the significant advantage of having knowledge and skill in gambling, even luck plays a role. However, despite these positive results, the reality is that it still ends with spending and losing money. This proves that our belief in "making a profit" here is wrong because the truth is that we’ve spent more than winning.

That is why if we can't manage carefully our gambling expenses, certainly end up in huge debt. Of course, nothing wrong with gambling, but we must keep in mind that it can ruin our lives if mismanaged.

[Jating]

There's something missing on the -EV, after you won, you can also leave gambling I think, and then learn from your mistakes. And then after you deposit again and lost, then that will be the time to be stressed out.

But then again, after that guilt feeling you might want to deposit and start the process again and you think that you can bounce back and recover everything. And that the final result should be like becoming a gambling addict and you're trap.

[Oshosondy]

There's something missing on the -EV, after you won, you can also leave gambling I think, and then learn from your mistakes. And then after you deposit again and lost, then that will be the time to be stressed out.

Leave gambling on that chart means you do not gamble again. Check the chart again to understand that. If someone won while gambling, I do not think the person can leave gambling just like that. The money won will encourage the person to gamble again until his losses are increasing.

[Solosanz]

And finding EV+ games is tricky, not all bets in bookies are EV+ games, here's the guide https://unabated.com/articles/finding-positive-ev-wagers-step-by-step-guide

This is why many gamblers are in loss because they mostly gamble on EV- games, although there's nothing wrong to bet on EV- games as long as you happy, you know gambling is for fun.

It's a cycle of gambling, you either broke or you will keep gambling.

[TheUltraElite]

Nicely explained mate, although a bit linear and I might be willing to share it to some potential gamblers to deter their approach to gambling with savings.

Indeed, the mature response and the immature response are clear when you analyze the outcomes of any addictive process. The mature responses are to leave gambling if you have won or lost. The immature response is to chase the loss or play again after a win.

I think an arrow from "Learn from mistakes" to "leave gambling" is needed here.

Only the mature response will lead to stability. Gambling is not a place where you establish your authority.

[m2017]

I have made a flow chart showing the potential outcomes of playing -EV and +EV games.

Judging by your scheme, the gambler will never be able to reach the point of "win a lot of money, quit gambling and live a happy and rich life".

And this whole scheme looks like an endless vicious circle of losses, the desire to return to gambling, even despite the winnings. The thought arises that victory is possible only in one way - to break out of this cycle.

From "debt poverty guilt stress" to "want to gamble" there should also be an arrow, because debts and stress again encourage you to return to gambling (after new debts), as the only way to overcome stress and pay off debts thanks to winnings. And so a new phase begins. A vicious circle of gambling.

[Ziskinberg]

That chart seems to conclude that gambling is bad and implies we shouldn’t start gambling at all to avoid those negative consequences. However, I might disagree with that interpretation, because the real issue isn’t gambling itself, but rather irresponsible gambling. Maybe OP could revise the chart to make it more specific, focusing on the impact of irresponsible gambling rather than generalizing. That way, it wouldn’t unfairly paint the entire gambling industry in a negative light.

[Porfirii]

The chart is good, but provides limited information, as it doesn't mention important variables like the individual's goal (it seems that it is focused on "earning money", and gambling shouldn't be considered a source of income in most cases), the fun the individual experiences, the level of income and the percentage of it that is used in that... you know, some key ideas we usually mention in this board.

I agree that adding all this info in a simple chart is a daunting task, and I thank memehunter for the effort; I just wanted to give you some ideas to complete it.

[Wexnident]

There should probably another loopback after the Debt, Poverty, etc part? That's usually the ending up scenario for most gamblers who lost a LOT of money in gambling afaik. They try to hit it big after losing just "once" cause one comeback is all they need as they say. Considering there's also won for the winning part after all, 100% losing should also have the same thing.

Also learning from mistakes can happen I guess in both -EV and +EV imo? So put that as a merging branch as well. I'm really weirded out by how the decisions split though. Win or lose imo the loop really just restarts. It splitting off like that just makes it harder for some of the decisions to have the same next step (like the learning from mistakes part).

[Russlenat]

I don't want to end up in . (-debt -poverty,  -stress -guilt)..  is there any positive ending OP?

This seems like a warning not to make gambling a part of your daily life, as it might lead to the outcomes shown in the flowchart.
However, in reality, things aren’t always like that. While there’s a possibility of those outcomes, it usually happens to gamblers who aren’t responsible with their actions.

I thought OP might provide some kind of winning formula, but anyway,  thanks for the heads-up. We’ll make sure not to head in that direction. FS!

[Findingnemo]

Only the half part of this flow chart is right because there's no way we can develop skills in Gambling that can bring us win, so anything followed by is just probability not the potential. There's really two possible outcomes in Gambling either you win or lose on a bet and that's the same goes no matter how many bets we make. If we keep losing money we will end up with debt or just broke, other possibility is we win and keep winning eventually become rich.

[danherbias07]

I don't want to end up in . (-debt -poverty,  -stress -guilt)..  is there any positive ending OP?

This seems like a warning not to make gambling a part of your daily life, as it might lead to the outcomes shown in the flowchart.
However, in reality, things aren’t always like that. While there’s a possibility of those outcomes, it usually happens to gamblers who aren’t responsible with their actions.

I thought OP might provide some kind of winning formula, but anyway,  thanks for the heads-up. We’ll make sure not to head in that direction. FS!

Both can actually end badly even the +EV games because it will still depend on the gambler. But since they are wiser because they do research first before placing a bet and probably have the skills to get back up, it will be a long-term kind of deal for them before they feel the losing mode unless they become greedy and increase the betting amount.
But I still believe that those who gamble cannot just turn around fast. Once you are in it, it will call you back over and over again and even if you won like in the +EV games, I doubt a halt in gambling will just happen. It's not like it's easy to quit after tasting the sweet success.

[Fiatless]

Nice flowchart. It explained some basic outcomes of gambling. Many gamblers could face some of the negative outcomes if they don't put their gambling habit on check. But I would have loved if the chart has some positive outcomes at the end just like we have debt, poverty, guilt and stress. Although many gamblers don't get to this level  but having outcomes like financial stability, contentment and satisfaction can be added.

[Russlenat]

I don't want to end up in . (-debt -poverty,  -stress -guilt)..  is there any positive ending OP?

This seems like a warning not to make gambling a part of your daily life, as it might lead to the outcomes shown in the flowchart.
However, in reality, things aren’t always like that. While there’s a possibility of those outcomes, it usually happens to gamblers who aren’t responsible with their actions.

I thought OP might provide some kind of winning formula, but anyway,  thanks for the heads-up. We’ll make sure not to head in that direction. FS!

Both can actually end badly even the +EV games because it will still depend on the gambler. But since they are wiser because they do research first before placing a bet and probably have the skills to get back up, it will be a long-term kind of deal for them before they feel the losing mode unless they become greedy and increase the betting amount.
But I still believe that those who gamble cannot just turn around fast. Once you are in it, it will call you back over and over again and even if you won like in the +EV games, I doubt a halt in gambling will just happen. It's not like it's easy to quit after tasting the sweet success.

What’s most important here is the gambler’s attitude, not just the +EV or any other technical aspect. Without self-control and proper management, they’ll eventually find themselves in a bigger hole - it’s just a matter of time. It seems OP has mixed everything up, as strategy and emotional outcomes should be treated as separate aspects of gambling. Both are important, but they need to be addressed individually for a clearer perspective.