Expected gain or expected loss?

[Tmoonz]

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?

We can have lots of losses in the long term which is very correct but losses may not really be significant or have any negative influence to those who only gamble for fun by not keeping any record of losses, my current situation has been a lossing streaks and I don't give attention to my losses because it has always been an amount that I can afford to lose, I don't think about my losses my interest is on the expected gains and that is what it will always be because focusing on expected losses can change my gambling narratives. I gamble for fun.

[criptoevangelista]

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?

We can have lots of losses in the long term which is very correct but losses may not really be significant or have any negative influence to those who only gamble for fun by not keeping any record of losses, my current situation has been a lossing streaks and I don't give attention to my losses because it has always been an amount that I can afford to lose, I don't think about my losses my interest is on the expected gains and that is what it will always be because focusing on expected losses can change my gambling narratives. I gamble for fun.

Although they’re fun, casino games are meant for making money, trying to double your bet or something like that, taking the risk to the extreme to be well rewarded. Most of the games are just clicking, so what really exists is the adrenaline of whether you win or lose a bet. It would actually be interesting if casinos had some other kind of game. Imagine one with a story mode where you have to bet certain things to progress in the game. That would be really cool.

[cxtreenal]

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 you are quite prudent in gambling that is why you are more concerned about the amount of loss than the amount of win. A prudent gambler should think like this because most new gamblers may have a limited amount of available money or they have to go through a learning period. Therefore if a gambler gives more importance to the possibility of loss instead of winning, he will be able to maintain his bankroll properly. In my opinion there will be a tendency to win in gambling but if I focus more on the expected profit, there will be a possibility of being greedy so the amount of money should be allocated that I am ready to lose and that is what I consider while gambling.

[Don Pedro Dinero]

I would have titled the thread: 'Hoped gain or expected loss?'

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?

We can have lots of losses in the long term which is very correct but losses may not really be significant or have any negative influence to those who only gamble for fun by not keeping any record of losses, my current situation has been a lossing streaks and I don't give attention to my losses because it has always been an amount that I can afford to lose, I don't think about my losses my interest is on the expected gains and that is what it will always be because focusing on expected losses can change my gambling narratives. I gamble for fun.

Although they’re fun, casino games are meant for making money, trying to double your bet or something like that...

In general, what happens is that when you go to the casino or gamble online, you have an amount in mind that you would like to reach, and then you would withdraw it and spend it on something else. So that's hope. In the long run, we cannot beat the house edge, and mathematically that would be an expected loss. If the casino has a house edge of 1% for every £1 you bet, the expected loss is £0.01, although that night you can multiply your money, which is what people are looking for.

[woez]

I think you are quite prudent in gambling that is why you are more concerned about the amount of loss than the amount of win. A prudent gambler should think like this because most new gamblers may have a limited amount of available money or they have to go through a learning period. Therefore if a gambler gives more importance to the possibility of loss instead of winning, he will be able to maintain his bankroll properly. In my opinion there will be a tendency to win in gambling but if I focus more on the expected profit, there will be a possibility of being greedy so the amount of money should be allocated that I am ready to lose and that is what I consider while gambling.

What you've said is very much on point and doesn't deviate from the true goal: to play not to achieve absolute victory, but to know when to stop. This only applies in the context of limiting our money. Otherwise, we'll lose control, and major losses are inevitable. Ironically, this is difficult to do, especially when we're losing, and negative thoughts arise. This must be addressed immediately so that our capital can quickly recover from previous losses, considering we still have funds remaining, say 30% of our initial capital.

Play again, and the words "We must try to quickly recover our capital and return to the minimum initial stake" will continue to arise as the game progresses. Unfortunately, this ambition is sometimes dashed by the play of someone more skilled than us, or by the dealer himself. In the end, our position is like falling down the stairs again. It's truly painful.

[blockman]

Expecting to make money from betting should not be in a hurry. Anybody can make bad decisions as gambler and when you are now trying to make quick money from your bets, that is when you can be mistaken greed for a short to make money without understanding that you need to protect your funds instead of trying to make audio money to add to your bag.
Some gamblers like fantasizing about the kind of money they're going to make from betting without knowing if that will come to reality or not.

Well, that's not a problem if they are assuming to have that kind of amount they're likely to earn from gambling. Because if they're going to take a look at it, everyone has the same chance of winning as we gamble. But when giving figures, we have to put it close to reality.

I have a completely different mindset, when I set my bankroll, I expect to at least double it and am not at all ready to part with it. Losing will be difficult for me in any case, because I don't like losing. Even when I'm prepared to lose my entire bankroll in gambling, I still expect to win, double my bankroll, and withdraw my winnings. With this focus, it's easier and much more enjoyable for me to play, and expecting to lose everything from the start is wrong, in my opinion.

We all don't like losing but we have to accept it that it's part of gambling. Even if we don't like to lose, that will happen even after the time that we've been the luckiest. Set your heart and expectations to reality because if you're not ready to accept that it happens naturally, it's going to be painful and harder to accept.

[Y3shot]

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.

That's the key to responsible gambling If we gamble responsibly, things flow smoothly, we move away from addiction, and our money goes further. I gamble as a last resort What does that mean? It means I only gamble when my basic needs are met , such as the market, taxes, and other expenses.

Responsibly gambling pays a lot but some people font know this. Whether one gambles responsibly or aggressively it doesn't change gambling from what it is, you will definitely win or lose and none of this gambling manners determine easily gambling,  instead gambling by all means to get win, no limit even makes gambling to even worse.  Gambling with more money that you cant afford to lose constantly increases ones loses in gambling and it is a kind of gambling style that is full of emotions, when the outcome you are getting is not what you expect. Gambling is a game of understanding and responsibly gambling is just the way to enjoy gambling.

[GIF-JOBS]

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?

We can have lots of losses in the long term which is very correct but losses may not really be significant or have any negative influence to those who only gamble for fun by not keeping any record of losses, my current situation has been a lossing streaks and I don't give attention to my losses because it has always been an amount that I can afford to lose, I don't think about my losses my interest is on the expected gains and that is what it will always be because focusing on expected losses can change my gambling narratives. I gamble for fun.

Gambling should be played for fun, and all losses should be accepted, before the loss occurs you should determine that this money will definitely be lost to you, and determine the ability to bear the loss and you should use the money accordingly, so that later when you lose that money, you can control yourself and it does not force you to make wrong decisions emotionally. Since we can never predict the outcome, we should be ready to accept the loss from the situation, because when you lose beyond you can afford to lose, the situation can be very bad.

[Betwrong]

~ Expect to lose and let the universe surprise you with a big win.

It's possible, I agree, but the percentage is very small. But if you ask me if becoming a millionaire from gambling is possible, I have the same answer as you.

Of course, the percentage is very small. We can't expect everyone winning jackpots and becoming a millionaire from gambling. It's one in 10 million. No one should expect to be one of them.

Now another thing is, how much money do they have to spend on lottery tickets before they win? And as far as I know, not all gamblers participate in lotteries (at least in my area), because more people play slot games. Even if they win the maximum, I don't think it can recoup their previous losses, because they only play at low stakes.

Usually not much. If you think your chance of hitting jackpot depends on how many tickets you buy, you are wrong, unless you buy millions of tickets. And regarding slots, I'm the one who's in profit from hitting big multipliers on slots. I've lost much less than I've won overall. But that's just luck. No some special strategy or anything.

~ Overall, expecting gain from gambling is a bit on the stupid side, imo. Expect to lose and let the universe surprise you with a big win.

I love the summary of your comment, the part you said expect the losses and let the universe surprise you with a win. This is in fact the best way to approach gambling, when one expects the losses every time they gamble, it helps them also prepare for those losses, and like we know, whatever you’re prepared for can never surprise you, which means you’re actually in the safer side because you put yourself in a better position to make more rational decisions without actually being influenced by the outcome of your bet.

Thanks, mate! I always try to write something meaningful here, and I'm glad when it's noticed.

[Dr.Bitcoin_Strange]

Gambling should be played for fun, and all losses should be accepted, before the loss occurs you should determine that this money will definitely be lost to you, and determine the ability to bear the loss and you should use the money accordingly, so that later when you lose that money, you can control yourself and it does not force you to make wrong decisions emotionally. Since we can never predict the outcome, we should be ready to accept the loss from the situation, because when you lose beyond you can afford to lose, the situation can be very bad.

It's not everyone that can be bent on playing gambling for fun and I really see that some people are lucky to win in gambling that is why they have the hope to gamble for the sake of making more money, if it's  really favourable to them, they just have to play responsibly and also have it mind to accept what ever outcome they get whether a lose or profit just like you said. Gambling is a game of luck and whether one is gambling for profit or fun, they should play with the amount they can afford to lose, that way, they will be fine.

[FFrankie]

I think they are both as equally important but if I had to only have one it would have to be my expected loss because that is equal to what I am willing to wager. If I didn’t know how much to gamble I couldn’t. Is kind of paradoxical

[LUCKMCFLY]

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.

It's the best thing we can do, being responsible with ourselves To be honest, what we should take care of most is our money Without money there is nothing, no entertainment, no fun, nothing. So, if we give importance to money by knowing what we are going to spend, then it is being responsible.

[ASloveapg]

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.

It's the best thing we can do, being responsible with ourselves To be honest, what we should take care of most is our money Without money there is nothing, no entertainment, no fun, nothing. So, if we give importance to money by knowing what we are going to spend, then it is being responsible.

Absolutely right, managing money is the most important thing, if we do not have a clear idea of ​​our needs, limitations and goals, then any joy or comfort can collapse in an instant, because we can make the wrong decision at any moment, which can lead us to a lot of losses. And when we lose money, it usually creates a lot of frustration and emotions in us, due to which we lose the power to think properly. So it should never be allowed to get out of control, because as a result it can create a lot of big problems.

[Ever-young]

Responsibly gambling pays a lot but some people font know this. Whether one gambles responsibly or aggressively it doesn't change gambling from what it is, you will definitely win or lose and none of this gambling manners determine easily gambling,  instead gambling by all means to get win, no limit even makes gambling to even worse.  Gambling with more money that you cant afford to lose constantly increases ones loses in gambling and it is a kind of gambling style that is full of emotions, when the outcome you are getting is not what you expect. Gambling is a game of understanding and responsibly gambling is just the way to enjoy gambling.

Gambling itself is neutral, and how it reacts towards an individual is solely dependent on how the individual approaches it. A gambler who’s responsible or reasonable isn’t one who magically avoids losses, but one who views and perceives gambling as a form of entertainment, rather than a financial strategy. They’re gamblers who knows how to set limits and stick to those limits and they’re never emotional regardless of the results.

[Judith87403]

Gambling itself is neutral, and how it reacts towards an individual is solely dependent on how the individual approaches it. A gambler who’s responsible or reasonable isn’t one who magically avoids losses, but one who views and perceives gambling as a form of entertainment, rather than a financial strategy. They’re gamblers who knows how to set limits and stick to those limits and they’re never emotional regardless of the results.

Gambling is indeed a neutral activity, and what makes it to turn out either destructive or constructive is strictly dependent on the mindset and the discipline that the gambler in question. When we talk about responsible gambler, it is not a gambler who means constantly, but rather one who knows how to set boundaries and draw a distinctive line between entertainment and making profits, and no matter how tempting it may be, they’ll refuse crossing that limit.

[Grace333]

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?

We can have lots of losses in the long term which is very correct but losses may not really be significant or have any negative influence to those who only gamble for fun by not keeping any record of losses, my current situation has been a lossing streaks and I don't give attention to my losses because it has always been an amount that I can afford to lose, I don't think about my losses my interest is on the expected gains and that is what it will always be because focusing on expected losses can change my gambling narratives. I gamble for fun.

Gambling should be played for fun, and all losses should be accepted, before the loss occurs you should determine that this money will definitely be lost to you, and determine the ability to bear the loss and you should use the money accordingly, so that later when you lose that money, you can control yourself and it does not force you to make wrong decisions emotionally. Since we can never predict the outcome, we should be ready to accept the loss from the situation, because when you lose beyond you can afford to lose, the situation can be very bad.

People jump and gamble with this mindset of I must win, and that is where the whole problem starts. The truth is, once you already tell yourself that the money you are staking is something you are fully prepared to lose, it suddenly becomes less stressful and more like normal entertainment..

Most gamblers get into trouble because they gamble with money that is supposed to solve real life issues, and when things do not go their way, emotions comes in and they start making decisions that only make the situation worse..

[LUCKMCFLY]

We are thus in a better position to continue playing alongside the entertainment background but not a cause of both financial and emotional disturbance.

When we do things right and lower the stress and pressure in the game, everything flows That's the level we should reach, If we win, great, if we lose, that's okay too, because we've only lost what we're willing to lose Then everything flows, and the casino becomes a part of us without abusing it By abusing the casino, we are condemning ourselves.

[jossiel]

Most gamblers get into trouble because they gamble with money that is supposed to solve real life issues, and when things do not go their way, emotions comes in and they start making decisions that only make the situation worse..

A gambler who still does that is very irresponsible and immature.

Spending the money that's for your needs shouldn't be tolerated by the others because it clearly shows on what type of gambler are you.

I think what's on the mind of that gambler is about how much they're going to win and at the same time cater that need.

But that kind of reasoning is only gonna bring you some more troubles than solutions.

[LUCKMCFLY]

Gambling is a game of understanding and responsibly gambling is just the way to enjoy gambling.

You're right, these are the kinds of things many people should consider when playing, The forum should implement a system where the best posts are prioritized for new players New players come in with a lot of hope and dreams, and I don't blame them I was like that myself , and this kind of advice helps a lot.

[goldkingcoiner]

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?

Unless you are playing for the sake of entertainment,
you will only find massive disappointment or overblown hope.

And that leads to the motivation of betting more, just to win your money back.
Or feeling too lucky and unbeatable.

Either way, both will motivate you to bet more.