Expected gain or expected loss?

[freedomgo]

Honestly, most of us think more about how much we can win, right? We plan the payout, imagine the run, and dream about hitting that one big bet. But not a lot of people actually think about the amount they’re fine losing.For me, that part matters more, especially if you’re betting long-term. If you can manage your losses, you’ll last longer. The wins will eventually come, but if your bankroll’s gone early, that’s it, no next chance no comeback.

So I’m wondering, which side do you guys think is more important? The expected profit or the expected loss?

[rdluffy]

Aim for victory but be prepared for defeat
That's a good tip

I always set a bankroll for a particular competition I'm participating in or for a certain period of time.
So in the worst case scenario, if I lose all my money, I stop there, and that was my preparation.
Obviously, I want to win and I hope to win, but that way I don't lose all my money, I don't end up without betting, and I always go slowly and gradually

I always recommend setting a bankroll 

[freedomgo]

I always recommend setting a bankroll 

This is actually one of the most important things to think about. Some gamblers still struggle to understand what bankroll really means, and that’s why many of us don’t know how to manage it properly. Casual bettors usually just spend whatever they can gamble for the day and let tomorrow take care of itself.

But if we’re talking about bankroll seriously, it’s meant to last long term. It’s not just about surviving one session or one streak, it’s about making it last through ups and downs. Profit should be viewed the same way, not from one lucky win, but from consistent results over time.

[btc78]

Honestly, most of us think more about how much we can win, right? We plan the payout, imagine the run, and dream about hitting that one big bet. But not a lot of people actually think about the amount they’re fine losing.For me, that part matters more, especially if you’re betting long-term. If you can manage your losses, you’ll last longer. The wins will eventually come, but if your bankroll’s gone early, that’s it, no next chance no comeback.

So I’m wondering, which side do you guys think is more important? The expected profit or the expected loss?

It's gambling so that obvious answer will be expected profit, you don't play in the beginning or even if you're losing almost all of your bankroll, you still have that mindset to make a u-turn and still win in the end.

Losses will be there eventually, it might affected you in a negative way like your mental health. But in the end you can recover from that, a day or two and you will be back gambling again and aiming for that big win.

[Darker45]

I'm echoing rdluffy. Aim for victory but be prepared for defeat.

Every time I go out gambling, the money I bring I already considered lost. So, it has to be an amount I'm willing to let go. I can't bring an amount that if lost would make me worried. That's why if I'm betting on cock fights, I can easily go all-in on the last fights because the entire money that I bring is for betting. It's a different story, of course, when it involves online betting. I hate making deposits refilling my wallet, that's why I want my balance to last as long as possible.

[laijsica]

If a gambler can maintain his bankroll properly then it is better for him to have a long term plan because he does not take excessive risks while gambling. They wait for the opportunity and withdraw money after big wins. I use this strategy most of the time because it is quite effective in reducing unexpected losses.

When you can maintain your bankroll properly then there should be no fear of losing extra money. The advantage of long term betting is that you can use a limited bankroll by using small amount of funds and withdraw according to your needs.

[maydna]

No one wants to lose in gambling. All gamblers want to win but unfortunately, that will not come to most gamblers but only to the lucky gamblers. Many gamblers are not ready for the loss so they will keep playing because they want to recover their losses.

If they want to gamble, they should think about the loss. The loss will come to them anytime without they noticing. They can think about how much winning they want but they need to think about how much money they lose just to chase the win?

Normally, we expect profit rather than loss. But many things can happen in gambling so we should be ready for that. It is better for you to only think about the fun thing and try to enjoy the moment.

[Botnake]

Expect means aim, right? Well, I never aim for defeat because the reason I gamble is to win. But I also don’t ignore the reality that most bettors lose money which means, statistically, we’ll lose more often than we win. That’s just how it is.

What makes the difference is trying not to be part of that majority. That’s the only way we can call ourselves profitable gamblers. Still, it depends on each person’s mindset. Some are already happy even if they’re not profitable , maybe for them, the fun itself is already the reward.

[uneng]

There isn't expected profit in gambling, so I guess everyone has to be content with expected losses which are to come, what means every gamblers should be prepared to face losses and what to do once they lose. That is part of the plan of a responsible gambler, so further losses can be avoided by not trepassing their personal limits which are predetermined before the gambling session begins.

On the other hand, it's not fun to start gambling with a thought in mind that you are going to lose. So the best approach must be to just set a fixed bankroll, and once the money is gone, the gambler has to quit. Don't think about the potential outcomes, just enjoy your time and hope to be lucky for the day. If it doesn't happen, go home or close the app with the certainty to be doing the right thing by not going beyond your limits.

[rbynxx]

So I’m wondering, which side do you guys think is more important? The expected profit or the expected loss?

I think as humans it's only natural if we expect an expected winnings if we try to gamble rather than the loss  It's probably wire in us that we need to win, of course who wants to lose, we gamble because we wanted to win. Well, the loss is probably given considering house already give us of what we should expect to loss because of the odds but I think profit will come pre-betting and loss only comes post-betting or when we think there's nothing we can do with the outcome.

[taufik123]

-snip-
So I’m wondering, which side do you guys think is more important? The expected profit or the expected loss?

Actually, there is no term loss to expect because most people expect to win, but thinking about the risk of losing that happens will also be wiser.

This depends on how the management is done correctly at the beginning before the bets are made.
There are several divisions to start betting and reserve money that is provided to maintain a position on gambling.

Expecting a win is normal, but you have to know whether the potential to win will be achieved or not, If in the evaluation there should be more wins than losses,
If it is the other way around, then stop gambling or betting and don't force keeping playing.

[NewRanger]

Honestly, most of us think more about how much we can win, right? We plan the payout, imagine the run, and dream about hitting that one big bet. But not a lot of people actually think about the amount they’re fine losing.For me, that part matters more, especially if you’re betting long-term. If you can manage your losses, you’ll last longer. The wins will eventually come, but if your bankroll’s gone early, that’s it, no next chance no comeback.

So I’m wondering, which side do you guys think is more important? The expected profit or the expected loss?

I think everyone comes prepared for two basic consequences, as stated in the thread title above: expected gain or expected loss. But, one thing that must be instilled in the minds of both myself and my other friends is to never imagine that making a profit at the competitive table will be easy. The journey of gambling is not always smooth sailing. We can learn from our mistakes. From our mistakes, we can improve our skills and survive in this space.

The next step, we must be able to determine the best time to bet, be mentally prepared, have capital, and be prepared for losses if we consistently follow the same pattern. Sometimes, we should also listen to the advice of others who are already experts at this game.

[Luzin]

wins will eventually come, but if your bankroll’s gone early, that’s it, no next chance no comeback.
So I’m wondering, which side do you guys think is more important? The expected profit or the expected loss?

No one hopes to lose. But imagining it is normal in gambling or trading. However, the most important thing is to be realistic with your analysis. That is, determining when I should stop when I am ahead and when to stop when I am losing. Being prepared with two plans seems to make one feel safer. So even if you are in a losing position but you have a stop strategy, then stop. There will be another opportunity another day with management and analysis that may be better. So don’t hesitate to take a loss before you lose all the capital you have. After that, take the lesson and learn with better management. IMO

[Vaculin]

I think the kind of mentality we have to possess should.....

Expect the unexpected.   

[TheUltraElite]

The fact that casino exist is a straightforward proof that losses are bigger than profits for the casinos and even we try to fine tune out betting amount we will end up in a net loss more often than win.

Hence always try to minimize the bankroll being lost and keeep it limited to amounts that we can afford to lose.

Keep your mentality that you will lose that moeny no matter what you do. Even if you think you will win. Keep a fixed budget to lose every month, follow it religiously, and you will not be disappointed.

[Cityhunter34]

Honestly, most of us think more about how much we can win, right? We plan the payout, imagine the run, and dream about hitting that one big bet. But not a lot of people actually think about the amount they’re fine losing.For me, that part matters more, especially if you’re betting long-term. If you can manage your losses, you’ll last longer. The wins will eventually come, but if your bankroll’s gone early, that’s it, no next chance no comeback.

So I’m wondering, which side do you guys think is more important? The expected profit or the expected loss?

Obviously gambling is more about losing than winning, so we should always bear it in mind that profit can only come when the luck is on your side. Though, expecting gain from gambling all at the time is causing many losses in gambling because they don't care if there is anything called losses, they are always after for the profit they would make which is very wrong decision because gambling is not by smartness or power, it is your luck that have the final say.

[ZeroVinsonN]

Honestly, most of us think more about how much we can win, right? We plan the payout, imagine the run, and dream about hitting that one big bet. But not a lot of people actually think about the amount they’re fine losing.For me, that part matters more, especially if you’re betting long-term. If you can manage your losses, you’ll last longer. The wins will eventually come, but if your bankroll’s gone early, that’s it, no next chance no comeback.

So I’m wondering, which side do you guys think is more important? The expected profit or the expected loss?

The truth is that we are more concerned about our potential winnings than how much we are actually losing in the process and you are right, we really should be considered by the factors instead of just one, but right now I like to think that we should always consider how much we are willing to lose because understanding this will help us control our gambling habit, by knowing how much you can afford to lose you will also know when to stop and if you still have a few more bets to go before you hit your limit, most of us don't really consider this and that why betting has affected most people in more negative ways.
Individuals should consider this and put a limit on how much they spend on betting.

[swogerino]

Honestly, most of us think more about how much we can win, right? We plan the payout, imagine the run, and dream about hitting that one big bet. But not a lot of people actually think about the amount they’re fine losing.For me, that part matters more, especially if you’re betting long-term. If you can manage your losses, you’ll last longer. The wins will eventually come, but if your bankroll’s gone early, that’s it, no next chance no comeback.

So I’m wondering, which side do you guys think is more important? The expected profit or the expected loss?

I think if people stop dreaming about hitting the big win they will not gamble at all, and this would not need to worry about what happens to your balance be it positive or negative. Of course people who think more about their bankroll can play longer and have a better chance of hitting that max win though this can also have that other not good effect of bringing one person into addiction if the losing sessions are consecutive, which in most cases this is the bitter reality. We all start gambling sessions with the hope of hitting such big wins but I soon realize like most of us do that this is not what happens most of the time.

[Hatchy]

Honestly, most of us think more about how much we can win, right? We plan the payout, imagine the run, and dream about hitting that one big bet. But not a lot of people actually think about the amount they’re fine losing.For me, that part matters more, especially if you’re betting long-term. If you can manage your losses, you’ll last longer. The wins will eventually come, but if your bankroll’s gone early, that’s it, no next chance no comeback.

So I’m wondering, which side do you guys think is more important? The expected profit or the expected loss?

There's no guarantee that the wins will eventually come. You can as well finish your bank roll and still with no wins. While gambling is usually better to not assume too much or expect too big from a game that's yet to be played out. You might end up hurting your emotions because it didn't turn out as expected. As a responsible gambler the first thing that should come to your mind is not how much you are going to make but how much you will lose while playing. Losses are more in the game, so putting too much hopes on winning would eventually lure you into many losses and you may not be able to control them on time.

[adaseb]

You should never plan for an expected gain, it will lead to losses. You should also plan for the bet to be an expected loss.

If you have the mindset that you need to win, you will keep betting and betting and will be wrong and will lose everything. You need to accept the fact that gambling is risky and you might lose money and gamble with that in mind.

If you win, then its good, its a bonus. But if you lose, then its expected and you can move on and gamble some other day. You can't gamble and expect it to pay the bills and such, It will lead you to going on tilt and losing even more money.