Expected gain or expected loss?

[ejikeme24]

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

Regardless the fact that gambling is supposed to be treated as fun but I'm sure that no one will ever say that the losing side is more important, there's no one who would want to choose lose over profit unless the person doesn't know the value of money but in as much as I will like to say that everyone knows the value of money so the answer is the profit side is more important than the expected loss  Moreover there's no excitement that comes from losing instead we keep panicking or feel disappointed at the game. So profit is what makes gambling look more interesting and fun.

[Floxynice]

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 loss management should be given the most priority than anything else. There is nothing much one can do to make sure that they win consistently since gambling is more about luck. It is wise for a gambler to ensure that he doesn't lose so badly that he has to go broke.

Many here would definitely say setting loss targets or limits is the best, but in reality they do the opposite, which is to focus more on making profits while incurring series of losses just to chase profits that are not guaranteed.

[Jaycoinz]

Expecting losses doesn't make you persimmistic it just means that you are a smart and realistic gambler. Losses can come at any time and if you only anticipate profits or gains you might be in for a disappointment. Alot of people only think about the possibility of winning without actually thinking about what happens next when they lose. Profits makes gamblng more interesting but this is something that is not always guaranteed

[Su-asa]

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?

As you you gamble it is important to also consider how much you might lose because gamble is just another two edge sword. If you are not so luckyz just know that you will lose your money. Gambling is not always about winning, sometimes you also lose. So expecting profits from gamble will just make you greedy and nothing. Greediness is the beginning of losses. The more greedy you become, the more losses you will get. All gamblers have their own lucky but the moment you are so greedy because you normally win a bet, thats the moment you losing.

[HONDACD125]

Expecting losses doesn't make you persimmistic it just means that you are a smart and realistic gambler. Losses can come at any time and if you only anticipate profits or gains you might be in for a disappointment. Alot of people only think about the possibility of winning without actually thinking about what happens next when they lose. Profits makes gamblng more interesting but this is something that is not always guaranteed

I don't understand why some people only think about winning when they clearly know that gambling is not only about winnings, but there is a higher chance for a person to lose than win if they gamble for quite some time and don't stop because we know we can't stay ahead of the house for very long. If we get lucky and win something at the initial stage, we should use our brains and withdraw the money so that we don't get influenced by our brains again and then lose whatever we had earned along with our initial bankroll.

When we gamble, whether it's our first time or we have done it before, we should know that we are either going to win or lose, we can't only expect to win because that doesn't happen, and if we have our expectations correct, we wouldn't be mad or angry when we lose because we already knew this could happen, so we will take it lightly instead of getting mixed emotions and then making reckless bets and losing more money.

[Ronsbit]

It is not a crime planing to win a game but as you are thinking of it, you should also be prepared to lose the game and in such thinking, you will have to make sure that the money you intend or plan using is a money you can afford to lose at any point in time if in case anything happens. Gamble is unpredictable even core gamblers also do the same as well.

Yes, that's the point. As you said, if we want to win, we must also be prepared to lose. Losing is inevitable, as in gambling, the odds of winning are much smaller than losing.

Unfortunately, losing money is incredibly painful for most gamblers. Most gamblers are prepared to win, but not to lose. That's why so many gamblers become losers, constantly getting emotional when they lose and chasing their losses.

If any gambler losses a game and goes emotional, it is their problem and not mine because already as a gambler you should be prepared for whatever the result of your game would be irrespective of the odds and amount you have put up in the bet. This is why it is said that gamblers should gamble with what they can be able to lose if the game does not end in their favour. Moreover, gambling is done for fun and not for profit so gamble and have fun with the little funds you can easily let go of.

[Versatile_choice]

Expecting losses doesn't make you persimmistic it just means that you are a smart and realistic gambler. Losses can come at any time and if you only anticipate profits or gains you might be in for a disappointment. Alot of people only think about the possibility of winning without actually thinking about what happens next when they lose. Profits makes gamblng more interesting but this is something that is not always guaranteed

You're right when you said that expecting losses doesn't make one persimmistic but is just a way to prove to people that you're a real gambler because a real gambler don't only expect a particular outcome (wining) rather they expect both wining and losses because he knows that losing is inevitable in gamble. You know when you're expecting the both outcome at a time you hardly feel disappointed rather you can only get fed up when you are in a losing streak without complain, but when you're expecting a particular outcome all the time you can easily feel disappointed.

[CryptopreneurBrainboss]

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

As humans we'll always go for the expected profit's and not the losses because we tend to be positive. Ask anybody gambling and they'll tell you if you aren't optimistic that you won't win. You'll have to think of yourself winning already before that victory comes. Sometimes you doubt yourself but still get the victory but majority of the times, without being optimistic, you won't win.

It's only the mindful gamblers that consider the chances of losing and that's why they put attention on what they're staking. Having a plan to avoid not over staking is important to manage your gambling activities and only the responsible gambles have this attributes. What's important is to have a balance between both thoughts. While you focus on your potential win, don't forget about the potential losses too to keep you in a balance state.

[TopT3ns]

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

As humans we'll always go for the expected profit's and not the losses because we tend to be positive. Ask anybody gambling and they'll tell you if you aren't optimistic that you won't win. You'll have to think of yourself winning already before that victory comes. Sometimes you doubt yourself but still get the victory but majority of the times, without being optimistic, you won't win.

It's only the mindful gamblers that consider the chances of losing and that's why they put attention on what they're staking. Having a plan to avoid not over staking is important to manage your gambling activities and only the responsible gambles have this attributes. What's important is to have a balance between both thoughts. While you focus on your potential win, don't forget about the potential losses too to keep you in a balance state.

There should be optimism to keep the morale high though reasonableness should be the main factor. Imagining that you will win is not bad, so long as you keep in mind that there is always two sides of the coin when it comes to opportunities. Individuals with a prudent mind understand when to proceed and when to retire since too much emotion only causes a person to be miserable. Being moderately between the desire and rationality will not allow the individual to fall easily entangled in baseless aspirations. The victory is not only a case of chance but a decision made without being heated but with the full realisation of the consequences.

[criptoevangelista]

When I bet in a casino, I consider that money lost, and whatever comes from it is just profit and luck. I don’t have the habit of putting money in and counting on it for something else. When I make a deposit, I already know it’s at risk. Obviously, no one likes to lose, but I don’t create expectations or hope to get rich or anything like that. It’s just gambling money, if it brings profit, great, if not, I’m fine with it.

[Orpichukwu]

I don't understand why some people only think about winning when they clearly know that gambling is not only about winnings, but there is a higher chance for a person to lose than win if they gamble for quite some time and don't stop because we know we can't stay ahead of the house for very long. If we get lucky and win something at the initial stage, we should use our brains and withdraw the money so that we don't get influenced by our brains again and then lose whatever we had earned along with our initial bankroll.

Maybe those who only think about winning and don't consider losing as something that's common in gambling are those who think they have some kind of good luck charm that makes them only win and not lose. There are people who make themselves believe in such; instead of treating gambling like others do, they see themselves as people with special skills.

[michellee]

We all expect profit in gambling but we never expect how much loss we will get. Chasing the win is the thing that many people still do because they think that they are close to the win. They really need to change their mind because gambling will never let you win easily.

If you don't manage your money, you will only spend more and more money because you think that doing that will give you a chance to win. But that will not always happen as you expect because it is gambling which can make us win or lose.

Instead of having difficulty winning, it is better that we just gamble for fun. We know that we can win someday but we don't push ourselves to keep playing. We realize that the risk will be bigger if we keep playing so we will limit our gambling activity.

[LOVER BOY 422]

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?

In everything business we do , gambling is business too ,pool is business, trading is also business,yes in every business someone invest his or her money into all we are expecting is to make profit not lost ,so the mined set we go to a gambling shop is to make profit not lost,so we are looking forward not backwards,all we need is to make it ,you can not relax and fold your hands that since you have lost for the first one that you can't make it again, nobody wishes himself bad but good,so we expect gain all the time

[GigaBit]

I don't understand why some people only think about winning when they clearly know that gambling is not only about winnings, but there is a higher chance for a person to lose than win if they gamble for quite some time and don't stop because we know we can't stay ahead of the house for very long. If we get lucky and win something at the initial stage, we should use our brains and withdraw the money so that we don't get influenced by our brains again and then lose whatever we had earned along with our initial bankroll.

Maybe those who only think about winning and don't consider losing as something that's common in gambling are those who think they have some kind of good luck charm that makes them only win and not lose. There are people who make themselves believe in such; instead of treating gambling like others do, they see themselves as people with special skills.

When some gamblers become too confident in gambling, they no longer accept gambling as luck. They think that if they bet on gambling, they will win and this kind of confidence becomes a big problem for them. Winning and losing in gambling is completely uncertain, but if someone tries to gamble with certainty without considering it uncertain, then he will lose. When someone is overconfident, they tend to deny reality which becomes a big reason for their loss.

[Gozie51]

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

I look more on the potential winning maybe that is what you mean by profit. The reason is if you are betting with the amount that you can afford to lose then losing it won't matter much, you will focus more on how much you expect to win. Most gamblers are angry when they lose but it is not because of how much that they lost but how much potential they would have been richer with. Therefore, if you are betting minimally you won't be that anxious if you lose or how much you are about to lose but how much you can profit. That's how I see winning and losing but if you are a high roller then you may also consider how much you will lose per bet.

[shinratensei_]

It should be balanced. Your expected gain should be straight with your expected loss. It will be so good to win big by losing a few. I believe there is none who is willing to expect loss more and win less. Especially when it comes to the gambling caused by your target is to winning more money, not to lose it.

[@nn@_pen9]

To be on the safe side its better to expect losses more than gains...this is the reason why you must learn to stake responsibly...its a delusional thing to think that its always possible to win im gambling but if you are not ready to losses then you shouldn't be gambling...expecting losses means that you are ready to accept whatever outcomes that you get from gambling,  you must be mentally prepared for it so it won't take you by surprise

I think both have to be balanced in this case, in general, why do people want to gamble? Of course there is something they want to achieve or get, namely profit. In this case, they have to play carefully and responsibly in seeing the opportunities in each round they play and if we are disciplined or control ourselves well, we can minimize losses and achieve profits. And I prefer to play gambling games with skills in reading opponents and odds like poker or blackjack.

[danherbias07]

The expected profit is unknown. The expected loss is visible. The house edge is our enemy, and at the back of our mind, we know that we are going to lose. But we are trying to fight that by trying some strategies that most of the time don't work, but we still believe in it and expect to win in the long run.

I think all we can do is be prepared mentally. I suggest not forcing it if we expect that we are going to lose more in our next run. Just take the rest and clear the mind. Maybe that will help us decide better next time we come back. And I know, we will be back. There's very little percentage that a gambler will totally stop.

[bitbollo]

Its useful to understand the dynamic of a bet.
How many consecutives you can lose? What It should be your target?

My rules while betting are easy:
- never lose (tryng to minimize the risk)
- accept even small amount in a trade (if this was something safe)
- get data about previous bets on outcome - even a lose if planned Is absolutely fine

[xenomorfo]

I look more on the potential winning maybe that is what you mean by profit. The reason is if you are betting with the amount that you can afford to lose then losing it won't matter much, you will focus more on how much you expect to win. Most gamblers are angry when they lose but it is not because of how much that they lost but how much potential they would have been richer with. Therefore, if you are betting minimally you won't be that anxious if you lose or how much you are about to lose but how much you can profit. That's how I see winning and losing but if you are a high roller then you may also consider how much you will lose per bet.

Well, even I who play with little money when we have a poker tournament with my friends, I get angry if I lose, but not so much because I lose those few euros, those few cents, it's the competitive nature of the game that makes you want to win.