Is There No Good Side Of Gambling?

[leonair]

There are good sides of betting and it has changed lives. The problem is that, the ratio of the lives it has changed vs the lives it has ruined is large. It's the same thing with trading really. The truth is that, if it were easy to be super successful at gambling, everyone would be billionaires but that's simply not the case.

I would disagree with you here that you are combining the trading with the gambling one is the investment things and another is only entertainment things.

It is true that on the trading many people's also lose huge amount and even in some cases we will find that the amount can be more than a general addicted gamblers lost amount. However, the similarity between them here is that those who went to trade did not actually go there to trade, but rather those who go to trade without trading analysis and face losses are in a position similar to those who face losses while gambling.

Gambling and trading are never the same. Those who do trading may think of it as a business, only here they are buying and selling digital products. But gambling is a place of entertainment, many also consider it a place to test their luck. There are some good aspects of gambling, which is that you get entertainment from here, secondly, it works well to overcome your depression at times and at the same time, if you are lucky, you can win big rewards which can suddenly change our financial situation. Again, there are many bad aspects such as financial loss, wastage of time, becoming addicted

[Webutxo]

Gambling and trading are never the same. Those who do trading may think of it as a business, only here they are buying and selling digital products. But gambling is a place of entertainment, many also consider it a place to test their luck. There are some good aspects of gambling, which is that you get entertainment from here, secondly, it works well to overcome your depression at times and at the same time, if you are lucky, you can win big rewards which can suddenly change our financial situation. Again, there are many bad aspects such as financial loss, wastage of time, becoming addicted

Gambling is a different category and trading is a different category, the two of them are not the same. They have only one common name and that's risk, any other relationship between the two depend on the user. Gambling is gambling and it has no definition to it while trading is trading too but there are people that trade the same way they gamble, they use high leverage, they want quick money. All these are characteristics of gambling and not real trading.

I don't consider many traders as traders especially those traders that engage in future trading, they don't know anything than high leverage. If not for anything, why must you trade and use high leverage in your trade, you see trader using 59x leverage, something that 1% can make you lose your entire portfolio but they will still go there and do it and show off when they make small money but don't talk about the losses they make.

[elzjmirra]

Of course, there are, but very few positive aspects of gambling, and they are only experienced by a small percentage of gamblers. However, I think that's quite normal considering the much higher percentage of losses compared to wins. Furthermore, most gamblers come with the goal of making money, which is clearly wrong because the opposite will happen, so of course more gamblers will experience negative impacts than positive ones. There are positive effects, such as entertainment, but most gamblers come for the money, not the entertainment.

[nelson4lov]

~Snipp

I would disagree with you here that you are combining the trading with the gambling one is the investment things and another is only entertainment things.

It is true that on the trading many people's also lose huge amount and even in some cases we will find that the amount can be more than a general addicted gamblers lost amount. However, the similarity between them here is that those who went to trade did not actually go there to trade, but rather those who go to trade without trading analysis and face losses are in a position similar to those who face losses while gambling.

You're right but I also want to clarify that I never said trading == gambling. The comparison I did was that trading and gambling (sports betting, casino games, etc)  suffer from similar survivorship bias. That was why I was talking about the ratio of winners to losers. I can confirm that gambling is more or less an entertainment except for a few people like me and a few others that like to think of it as a business lol since there's usually money at stake.

There are good sides of betting and it has changed lives. The problem is that, the ratio of the lives it has changed vs the lives it has ruined is large. It's the same thing with trading really. The truth is that, if it were easy to be super successful at gambling, everyone would be billionaires but that's simply not the case.

Gambling and trading are never the same.
~Snip

Gambling is never the same as trading. You can see my clarification above.

[elzjmirra]

How can we trust AI when it's human-made? It's nothing more than a system designed to make things easier, but it doesn't guarantee victory in gambling. You'll simply be given some references, and ultimately, you'll have to make a decision. Gambling is still a game of chance.

[Z_MBFM]

Most of the posts I have come across here in the gambling section has always centered on negativity about gambling. If it's not about gambling making someone go broke, it will be about one negativity or the other. Sometimes reading the comments in those posts scares me, because of how some people describe their horrifying gambling experiences. This made me to come up with this post to ask this important question; Is gambling really that bad? Are there no good effects of gambling on people? Gambling can't just be all bad all the time. Well if you think it's all bad, why are you still gambling?

The good thing about gambling is that you can enjoy fun here, there is no other good right than that, I don't see it in gambling. We always dream of getting big wins from gambling, but these are not in everyone's destiny, so usually the benefit from gambling is to enjoy fun. What are the good things about gambling that you specifically want to know about? If you are specifically looking for any good thing, then I would say that there is no good thing about gambling that can benefit you, but only if you are lucky, you can win a big jackpot and then this can be a good thing for you.

[Mr Reporter]

See I need you to understand that been emotional in gambling is something else sometime people just go around to call gambling a entertainment which to me I feel it a form of having to get entertained…well I really don’t no why some gambler doesn’t know how to still handle loss well that another big deal most gambler are facing till today which you should not even have such mindset towards gambling.,

You need to cut your budget accordingly to what you are earning, although I don't see it that necessary for gambling to create a budget for themselves so they don't have to over gamble. People that are meant to have a budget for gambling are professional gamblers that often gamble with huge amounts of money. For an ordinary gambler, getting a budget is not important and should be avoid so it can inhibit addiction.

This question is why do you even have to put gambling in your earning as for me i dont even advise such to even consider anyone to be doing that…well if I’m trying to understand where you are coming from it more having to minimize your gambling spending..that good to me, I have ever encountered someone before years back who was this kind of preson who spent anyhow on gambling without considering what the future holds against him but it was more like hard for him to control that time, and it was really annoying i most say that time..

[|MINER|]

You're right but I also want to clarify that I never said trading == gambling. The comparison I did was that trading and gambling (sports betting, casino games, etc)  suffer from similar survivorship bias. That was why I was talking about the ratio of winners to losers. I can confirm that gambling is more or less an entertainment except for a few people like me and a few others that like to think of it as a business lol since there's usually money at stake.

I will definitely agree with you that there is some survivorship bias in common between gambling and trading. It is certainly true, but because of this similar survivorship bias, many people consider gambling and trading to be the same. And that is why I have basically tried to highlight the difference between the two on my site.

If we say that the number of people who accept gambling as their source of income or business is not small, a huge number of people are in this trap because of the extreme promotion on social media.

[LUCKMCFLY]

It can be said that the good thing about gambling is that it is just for entertainment, I don't really know if there is any other good thing about gambling. There is a lot of risk of losing money through gambling, so it is a very good decision to gamble with the money we can afford to lose. Gambling with too much hope is not right at all, as this increases the chances of losing money many times over. Therefore, it is very important to maintain self-control while gambling.

That's thinking and doing things right. Otherwise, those who think that gambling is about winning and solving many problems are very wrong, or their way of trying to make money is very wrong. Gambling is simply about luck, it's fun, and it's about being careful If there's no care in the casino, nobody warns us about anything; it's up to us and our maturity to face things.

[lombok]

It can be said that the good thing about gambling is that it is just for entertainment, I don't really know if there is any other good thing about gambling. There is a lot of risk of losing money through gambling, so it is a very good decision to gamble with the money we can afford to lose. Gambling with too much hope is not right at all, as this increases the chances of losing money many times over. Therefore, it is very important to maintain self-control while gambling.

That's thinking and doing things right. Otherwise, those who think that gambling is about winning and solving many problems are very wrong, or their way of trying to make money is very wrong. Gambling is simply about luck, it's fun, and it's about being careful If there's no care in the casino, nobody warns us about anything; it's up to us and our maturity to face things.

The only way of staying stable and secure in life is to treat gambling as a pure entertainment. Luck just happens as part of the game that cannot be compelled to give actual outcomes. Acting maturity is very essential in security of personal assets and ensuring that they are not wasted. Prudence will cushion us against great losses. Knowing that gambling cannot solve our problems in life will enable us to be calm in all the resolutions.

[odunybiz]

Most of the posts I have come across here in the gambling section has always centered on negativity about gambling. If it's not about gambling making someone go broke, it will be about one negativity or the other. Sometimes reading the comments in those posts scares me, because of how some people describe their horrifying gambling experiences. This made me to come up with this post to ask this important question; Is gambling really that bad? Are there no good effects of gambling on people? Gambling can't just be all bad all the time. Well if you think it's all bad, why are you still gambling?

The good thing about gambling is that you can enjoy fun here, there is no other good right than that, I don't see it in gambling. We always dream of getting big wins from gambling, but these are not in everyone's destiny, so usually the benefit from gambling is to enjoy fun. What are the good things about gambling that you specifically want to know about? If you are specifically looking for any good thing, then I would say that there is no good thing about gambling that can benefit you, but only if you are lucky, you can win a big jackpot and then this can be a good thing for you.

People see winning our bets as the good side of gambling but this most time doesn't come to reality as we mostly lose more than how we win. As earlier said the only thing we can enjoy in gambling is the fun, so if you can't gamble for fun, then gambling isn't for you as there isn't any benefit derive from this than the fun.

[mcdouglasx]

How can we trust AI when it's human-made? It's nothing more than a system designed to make things easier, but it doesn't guarantee victory in gambling. You'll simply be given some references, and ultimately, you'll have to make a decision. Gambling is still a game of chance.

Trusting AI is the same as checking which teams have the best odds before betting, that is, which are the favorites, and then placing your bets. Conventional AI isn't designed to make betting predictions; it only has the numbers, and some don't even have up-to-date information, so it's not recommended at all. For an AI to be useful, it has to be specifically trained for sports predictions. That's where things change, as it could arrive at better conclusions that we might miss.

[Y3shot]

There are good sides of betting and it has changed lives. The problem is that, the ratio of the lives it has changed vs the lives it has ruined is large. It's the same thing with trading really. The truth is that, if it were easy to be super successful at gambling, everyone would be billionaires but that's simply not the case.

Good side in gambling doesn't mean it must be a big win, even if the win is not big enough I think it is still a good side of gambling so far as one is gambling with the amount that can be afford to lose. If you are losing more and gambling with a huge amount of money, i dont think with an outcome like this their is any benefit in gambling.  If you must enjoy the benefits in gambling,  first their is need to have a good understanding in gambling and to gamble with the amount that you can afford to lose.

[swogerino]

There are good sides of betting and it has changed lives. The problem is that, the ratio of the lives it has changed vs the lives it has ruined is large. It's the same thing with trading really. The truth is that, if it were easy to be super successful at gambling, everyone would be billionaires but that's simply not the case.

Good side in gambling doesn't mean it must be a big win, even if the win is not big enough I think it is still a good side of gambling so far as one is gambling with the amount that can be afford to lose. If you are losing more and gambling with a huge amount of money, i dont think with an outcome like this their is any benefit in gambling.  If you must enjoy the benefits in gambling,  first their is need to have a good understanding in gambling and to gamble with the amount that you can afford to lose.

That is the only good way of gambling, don't gamble with money you need to buy something else or money that you need to be saving to buy something in 2-3 months from now, somethings cannot be bought directly no matter how big our salary is. I think that people need to understand there can be no benefit from gambling if they are not structured persons and they don't know what they are doing with their money the only thing they will get from gambling is additional stress and additional struggles. I am quite "experienced" in gambling as I play from many years yet sometimes the greed get the best out of me and I have even spent money that I needed to buy a new phone for me or my loved ones and unfortunately this is the highest point of addiction one goes through, luckily it happened once in a year for me though it can happen to anyone and even more often than this.

[Silikiem]

Of course, there are, but very few positive aspects of gambling, and they are only experienced by a small percentage of gamblers. However, I think that's quite normal considering the much higher percentage of losses compared to wins. Furthermore, most gamblers come with the goal of making money, which is clearly wrong because the opposite will happen, so of course more gamblers will experience negative impacts than positive ones. There are positive effects, such as entertainment, but most gamblers come for the money, not the entertainment.

Personally apart from winning a gamble being one of the common positive aspect of gambling, I think that even if an individual eventually didn’t win but end up losing there could also be some positive that can be drawn from that. Some individuals are not capable of handling losses especially in their business or investment, you could see some of them being broken and some end up doing the unthinkable. But as a gambler who’s use to losing money it makes me stronger if eventually I lost something more bigger.

[Rgram]

How can we trust AI when it's human-made? It's nothing more than a system designed to make things easier, but it doesn't guarantee victory in gambling. You'll simply be given some references, and ultimately, you'll have to make a decision. Gambling is still a game of chance.

I don’t really think it’s about trust here because, almost all that you make use of today is human made. There isn’t a technology that just happened to be as it’s the case of evolutionary trends. Certainly you’ve got to follow through on some of what AI have got to offer but, it’s more useful as a bank of resource, for information rather than making actual predictions. If you want predictions, it would give you that based on the materials available to it but, should you go with it is where I say, look at that and make your own deductions for an insightful bet.

[LUCKMCFLY]

I don't know why so many people always think that gambling is for entertainment when their are people that are losing money everyday to gambling. If you are making money from betting, you should understand that not everybody are making money too.
There are people that are suffering and striving to make money but still don't know what to do to increase their luck.

It all depends on your point of view. When I play, I don't focus on the negative aspects. The only negative aspect I see is when I lose, which I don't like, but who likes to lose ? But these things happen, and since it's the safest option, I only play with a limited amount of money so that when I lose , it won't affect my personal finances It's the most sensible thing I can do.

[Mandoy]

How can we trust AI when it's human-made? It's nothing more than a system designed to make things easier, but it doesn't guarantee victory in gambling. You'll simply be given some references, and ultimately, you'll have to make a decision. Gambling is still a game of chance.

I don’t really think it’s about trust here because, almost all that you make use of today is human made. There isn’t a technology that just happened to be as it’s the case of evolutionary trends. Certainly you’ve got to follow through on some of what AI have got to offer but, it’s more useful as a bank of resource, for information rather than making actual predictions. If you want predictions, it would give you that based on the materials available to it but, should you go with it is where I say, look at that and make your own deductions for an insightful bet.

I believe that the question about whether AI is a trusted instrument is not a problem itself, but rather getting into the depths of it. As you mentioned, nearly everything we currently use is manmade, and it does not necessarily mean that it cannot be trusted. AI may be a useful tool in gambling to sort out data, analyze it based on trends and provide insights depending on the information at hand. Nevertheless, it is incapable of eliminating the aspect of chance. Gambling will never be predictable and there is no system that will ensure regular wins. AI is at best a tool to aid in decision-making but not substitute it. Ultimately, it does not matter which tool of prediction but rather personal judgment and responsible betting.

[Shinpako09]

How can we trust AI when it's human-made? It's nothing more than a system designed to make things easier, but it doesn't guarantee victory in gambling. You'll simply be given some references, and ultimately, you'll have to make a decision. Gambling is still a game of chance.

Yeah, at the end of the day, gambling depends on luck. No matter what strategy you use or how experienced you are, if luck isn’t on your side, you’re going to lose. Anyway, how did you come up with that? We were talking about the good sides of gambling. You didn’t quote anyone either. Anyway, just like in other matters, there are always good and bad sides to almost everything. There can’t be only a bad side, just like there can’t be only a good side.

[nimogsm]

How can we trust AI when it's human-made? It's nothing more than a system designed to make things easier, but it doesn't guarantee victory in gambling. You'll simply be given some references, and ultimately, you'll have to make a decision. Gambling is still a game of chance.

Trusting AI is the same as checking which teams have the best odds before betting, that is, which are the favorites, and then placing your bets. Conventional AI isn't designed to make betting predictions; it only has the numbers, and some don't even have up-to-date information, so it's not recommended at all. For an AI to be useful, it has to be specifically trained for sports predictions. That's where things change, as it could arrive at better conclusions that we might miss.

And there will still be those who will trust AI as something sacred and rely on its predictions because this technology is trending now. It's perfectly adequate as a tool for analyzing previous games, and you can ask questions about game statistics, but it can't look into the future and is unlikely to ever be able to do so. We can only rely on ourselves.