Expected gain or expected loss?

[lienfaye]

Does gambling for fun still in existence? I have been seeing people writing about gambling for the fun but indirectly they need the money to stay good and continue gambling. When they are not really making profits like they supposed to make, they can start complaining about how gambling has been so unfortunate for them. Although you can switch from being a fun gambler to being a serious and money freak gambler.

The fun is intrinsic to playing, that's where it lies Those who say they play for fun aren't entirely lying because there is fun, So when we focus only on getting money it's normal, we all want money but if we don't win it's obvious that we'll have something to console us and that's the fun that remains.

Well, I think it depends on how much you lose. Personally I gamble to entertain myself but there's a limit on how much money I will use that won't hurt even i'm not fortunate to win. Having fun while playing is important if you're really after entertainment. Because what matter is you satisfy yourself. However, it's a different thing if you're going to play for fun yet you're using a huge money.

[Powerjumboo]

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 don't really expect to make money from gambling and I don't have any intention of making money from gambling. I just gamble for fun, not to make money, which means I don't have to keep track of expected profits and expected losses. And besides, there is no guarantee that we will win from gambling. We can lose our money at any time. So it is always better to consider gambling as entertainment and it is more realistic to use very small amounts of money on gambling platforms as entertainment because gambling is not the best way to make money and one should not expect too much from gambling.

[IjawMan]

Does gambling for fun still in existence? I have been seeing people writing about gambling for the fun but indirectly they need the money to stay good and continue gambling. When they are not really making profits like they supposed to make, they can start complaining about how gambling has been so unfortunate for them. Although you can switch from being a fun gambler to being a serious and money freak gambler.

The fun is intrinsic to playing, that's where it lies Those who say they play for fun aren't entirely lying because there is fun, So when we focus only on getting money it's normal, we all want money but if we don't win it's obvious that we'll have something to console us and that's the fun that remains.

Well, I think it depends on how much you lose. Personally I gamble to entertain myself but there's a limit on how much money I will use that won't hurt even i'm not fortunate to win. Having fun while playing is important if you're really after entertainment. Because what matter is you satisfy yourself. However, it's a different thing if you're going to play for fun yet you're using a huge money.

It has to depend on how much the gambler is allocating into each bet session that will determine what direction his concentration will be directed to, if is what he is to lose or stand to win.  To the gambler that is allocating what he can afford to lose, the hypothesis is that his concentration and aim will be on the profit to win with no regrets in the potentiality of a loss. And the opposite will be the case of the gambler risking high.

[Wakate]

The fun is intrinsic to playing, that's where it lies Those who say they play for fun aren't entirely lying because there is fun, So when we focus only on getting money it's normal, we all want money but if we don't win it's obvious that we'll have something to console us and that's the fun that remains.

I understand the fun aspect you are saying but when you are having the fun but you continue to lose money for nothing without getting it back can be a big problem with the kind of gambling fun you are taking about. It is better you are betting on a casino using the demo option than for you to be gambling for the fund and you are losing money to the casino. Whenever fun you mean, you will still want to make money from the casino you are using to bet.

[fredericktaylor]

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 don't really expect to make money from gambling and I don't have any intention of making money from gambling. I just gamble for fun, not to make money, which means I don't have to keep track of expected profits and expected losses. And besides, there is no guarantee that we will win from gambling. We can lose our money at any time. So it is always better to consider gambling as entertainment and it is more realistic to use very small amounts of money on gambling platforms as entertainment because gambling is not the best way to make money and one should not expect too much from gambling.

Yes, gambling should be primarily for entertainment purposes, if you have the right mindset while gambling, the risk of losing money can be reduced many times. Gambling can never be the main purpose of earning money and it is not possible to get rich quickly through gambling. When we gamble for entertainment purposes, we will have self-control over ourselves and self-control in gambling is very important. Gambling cannot be a part of our life, nothing can be said for sure through gambling, so it is wise to gamble with money that we can afford to lose.

[Betwrong]

~Gambling can never be the main purpose of earning money and it is not possible to get rich quickly through gambling.

Well, that's not true, is it? It's a fact that thousands of people became new millionaires through winning a lottery. What happened next? Have they became happy because of that? That's another question.  But we can't deny that it is possible to get rich quickly through gambling.

When we gamble for entertainment purposes, we will have self-control over ourselves and self-control in gambling is very important. Gambling cannot be a part of our life, nothing can be said for sure through gambling, so it is wise to gamble with money that we can afford to lose.

I totally agree with that. Although it is possible to get rich quickly through gambling, the probability of that is very small. It is much more likely that you will just lose your bet, so, assume that you are betting wrong and only some glitch in the matrix can make you win. Have fun.

[tami40]

Does gambling for fun still in existence? I have been seeing people writing about gambling for the fun but indirectly they need the money to stay good and continue gambling. When they are not really making profits like they supposed to make, they can start complaining about how gambling has been so unfortunate for them. Although you can switch from being a fun gambler to being a serious and money freak gambler.

The fun is intrinsic to playing, that's where it lies Those who say they play for fun aren't entirely lying because there is fun, So when we focus only on getting money it's normal, we all want money but if we don't win it's obvious that we'll have something to console us and that's the fun that remains.

Well, I think it depends on how much you lose. Personally I gamble to entertain myself but there's a limit on how much money I will use that won't hurt even i'm not fortunate to win. Having fun while playing is important if you're really after entertainment. Because what matter is you satisfy yourself. However, it's a different thing if you're going to play for fun yet you're using a huge money.

It has to depend on how much the gambler is allocating into each bet session that will determine what direction his concentration will be directed to, if is what he is to lose or stand to win.  To the gambler that is allocating what he can afford to lose, the hypothesis is that his concentration and aim will be on the profit to win with no regrets in the potentiality of a loss. And the opposite will be the case of the gambler risking high.

It must rely on the amount of the bet being given by the gambler in each betting session that would predetermine what line his concentration is going to be center on, whether it is what he is going to lose or what he is going to win.  The hypothesis to the gambler who is spending what he can afford to lose is that his focus and intention will be on the win with no regrets in the prospect of a loss. and the reverse will be the case of the gambler risking high.

[Barrykbest]

~Gambling can never be the main purpose of earning money and it is not possible to get rich quickly through gambling.

Well, that's not true, is it? It's a fact that thousands of people became new millionaires through winning a lottery. What happened next? Have they became happy because of that? That's another question.  But we can't deny that it is possible to get rich quickly through gambling.

When we gamble for entertainment purposes, we will have self-control over ourselves and self-control in gambling is very important. Gambling cannot be a part of our life, nothing can be said for sure through gambling, so it is wise to gamble with money that we can afford to lose.

I totally agree with that. Although it is possible to get rich quickly through gambling, the probability of that is very small. It is much more likely that you will just lose your bet, so, assume that you are betting wrong and only some glitch in the matrix can make you win. Have fun.

Na true sha, people don dey rich through gambling but the money self no de last, and most of the time you go don lose plenty times before you win that big money. Since na game of luck na to just de hope make your prediction click. E de possible to de rich through gambling but consistent financial growth no de.

[dwyane36]

Well, that's not true, is it? It's a fact that thousands of people became new millionaires through winning a lottery. What happened next? Have they became happy because of that? That's another question.  But we can't deny that it is possible to get rich quickly through gambling.

Yes, gambling platforms and various media outlets often publish news about how some lucky person has won another jackpot. In that moment, those people are certainly happy, but I think that many of them then spend all their winnings short-sightedly and end up returning to the level of life they had before their big win.

[irhact]

I understand the fun aspect you are saying but when you are having the fun but you continue to lose money for nothing without getting it back can be a big problem with the kind of gambling fun you are taking about. It is better you are betting on a casino using the demo option than for you to be gambling for the fund and you are losing money to the casino. Whenever fun you mean, you will still want to make money from the casino you are using to bet.

Demo accounts can't give you the same feeling of real account therefore you can't have the type of fun that you need when gambling through a demo account. It's when you're betting on live account that you can get the real fun but just that you'll have to control how you gamble so that you don't end up losing money money than you budgeted or it causes you to get into debts.  When gambling the expected loss is always higher than the expected gain because you lose more times than you gain but you can monitor your loss and stop before it gets out of hand.

[Altryist]

I understand the fun aspect you are saying but when you are having the fun but you continue to lose money for nothing without getting it back can be a big problem with the kind of gambling fun you are taking about. It is better you are betting on a casino using the demo option than for you to be gambling for the fund and you are losing money to the casino. Whenever fun you mean, you will still want to make money from the casino you are using to bet.

Nobody takes a demo account seriously because you can’t win real money there, and if it were true that people go to casinos just for entertainment, everyone would play on demo accounts and no one would lose money. But everyone wants to win, and for the chance of a big win, they are willing to risk losing money. Moreover, on a demo account, you don’t get the emotions you feel when playing with real money.

[Smartprofit]

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 my opinion, using the terms "profit" and "loss" in this situation is not entirely correct. This is because these terms are primarily used in business. For example, profit is the positive difference between an entrepreneur's income and expenses. Losses are the negative difference between an entrepreneur's income and expenses. Gambling is not a business. A bet, in my opinion, cannot be considered a gambler's expense (after all, in business, expenses determine the value of a product or service, but not in gambling). 🦧

In my opinion, other terms are more appropriate in gambling: bet, potential game winnings, and potential game losses. Then everything becomes clear!🎉

The size of a potential bet is limited by your budget. A gambler must adequately assess both the potential game winnings and potential game losses in monetary terms. At the same time, they must also adequately assess the mathematical probabilities of these events (game winnings and losses). This is especially important in sports betting.  It's even useful to create a special table in Excel by entering the relevant data into the table cells.🃏

[Wakate]

Demo accounts can't give you the same feeling of real account therefore you can't have the type of fun that you need when gambling through a demo account.

You are making a sense here. There is no fun using a demo account to bet when you are not going to get the real feelings of winning or losing. Excessive usage of demo account can increase emotional stability when you gamble when you started gambling on live account. There is no sense over using a demo privilege which is to make you understand and how to play a game not using it for too long.

[LUCKMCFLY]

Well, I think it depends on how much you lose. Personally I gamble to entertain myself but there's a limit on how much money I will use that won't hurt even i'm not fortunate to win.

Well, the best thing is to bet an amount of money that you know you won't mind losing, because we all know that if we feel bad about losing money it's because we had it earmarked for something we need, so fun shouldn't become a sacrifice but a privilege that we should always enjoy , so only bet what you can afford to lose without sacrificing your other things.

[Byebyebtc]

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?

Your risk is the most important, in a normal business individuals consider their risk before profits, so why will it be otherwise in gambling. Only an irresponsible individual will expect profits more than considering risks.

Gambling it's self is a game of chance and luck, so there is no win rate, you just get to win if you are lucky so in such an activety you should only spend the money that you can afford to loose, and not a money for something else.

[junder]

Demo accounts can't give you the same feeling of real account therefore you can't have the type of fun that you need when gambling through a demo account. It's when you're betting on live account that you can get the real fun but just that you'll have to control how you gamble so that you don't end up losing money money than you budgeted or it causes you to get into debts.  When gambling the expected loss is always higher than the expected gain because you lose more times than you gain but you can monitor your loss and stop before it gets out of hand.

Comparing the sensation of winning is certainly different. For example, if we win big in a demo-based gambling game, it won't make us feel happy, satisfied, or excited. But sometimes, when we win small amounts in real gambling, where money is at stake, it can create a different sensation, even if the amount is small. I like playing slots, and when my balance is almost gone, luck is on my side, causing it to rise again. This is when I feel the thrill. Thinking about losses here, I think we should think about avoiding major losses and try to avoid them, which of course will happen when we lose control. Furthermore, don't expect big wins in gambling, because that can also lead to losing control.

[Distinctin]

Well, I think it depends on how much you lose. Personally I gamble to entertain myself but there's a limit on how much money I will use that won't hurt even i'm not fortunate to win.

Well, the best thing is to bet an amount of money that you know you won't mind losing, because we all know that if we feel bad about losing money it's because we had it earmarked for something we need, so fun shouldn't become a sacrifice but a privilege that we should always enjoy , so only bet what you can afford to lose without sacrificing your other things.

Gambling is for fun, not an investment that we can expect some returns from. If gambling never makes us enjoy because we are consistently losing, then we need to forget about it.

We didn't gamble because we only wanted to win. Besides, winning is more than a privilege. If we've been given the chance, then be thankful and never think of more because the more we think about it, the more terrible losses come. 

So we have to be mindful of our actions, and if possible, we gamble responsibly. Because this won't just save us from losing a lot but rather make us feel enjoyed.

[LUCKMCFLY]

  The hypothesis to the gambler who is spending what he can afford to lose is that his focus and intention will be on the win with no regrets in the prospect of a loss. and the reverse will be the case of the gambler risking high.

Yes, the idea is that you can bet without regrets, that if you spend all the money you had to lose, it's not a big deal because that's as far as you should have gone Everything else unfolds gradually, The idea is not to lose money just for the sake of losing it Knowing how to play is about loving ourselves because it's about Taking care of our money.

[Raflesia]

Well, the best thing is to bet an amount of money that you know you won't mind losing, because we all know that if we feel bad about losing money it's because we had it earmarked for something we need, so fun shouldn't become a sacrifice but a privilege that we should always enjoy , so only bet what you can afford to lose without sacrificing your other things.

Gambling is for fun, not an investment that we can expect some returns from. If gambling never makes us enjoy because we are consistently losing, then we need to forget about it.

We didn't gamble because we only wanted to win. Besides, winning is more than a privilege. If we've been given the chance, then be thankful and never think of more because the more we think about it, the more terrible losses come. 

So we have to be mindful of our actions, and if possible, we gamble responsibly. Because this won't just save us from losing a lot but rather make us feel enjoyed.

What might happen if we keep thinking about it is that something will push us to continue gambling. Even after experiencing a losing streak, this drive won't be easy to stop, and even if we run out of capital, there's a chance we might continue gambling in unconventional ways, like borrowing money from people around us. That's bad.

Furthermore, I believe that if we gamble wisely and responsibly, for example, when we lose, we choose to stop and not prolong the gambling session, even if we win or even profit. By doing so, we're trying to minimize the risk of loss. Controlling yourself while gambling is indeed difficult. It's not as easy as it sounds, but discipline in the actual practice of betting is crucial, so it's best to strive for discipline to ensure everything goes smoothly.

[Sonia_123]

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.

I agree with you, most gamblers feels bankroll is not necessary and important in gambling which is the biggest mistake they are making because they feel they can control their resources by themselves forgetting that it is a different ball game ones you start gambling, engaging yourself in bankroll helps you posseses some level of discipline and have a strong structure it is necessary to support them for a long-term, it also helps them manage risk and make them play responsibly.and gives you the ability for proper planning of your daily and basic expenses without mixing up your gambling expenses and encroaching other expenses.