Expected gain or expected loss?

[Agbe]

No gambler is expecting to lose any game they are playing but it is an unavoidable thing that one must lose. But a gambler is expecting to win a game, he will be disappointed so what he will do is to neutralize his mind from the both so that he will not be disappointed. When you placed bet don't expect anything and any outcome from the bet, you should accept it. Gambling is not a way of having income but it is an informal way of having money. Therefore don't put your mind on it.

[ChocolateBitcoinK]

No gambler is expecting to lose any game they are playing but it is an unavoidable thing that one must lose. But a gambler is expecting to win a game, he will be disappointed so what he will do is to neutralize his mind from the both so that he will not be disappointed. When you placed bet don't expect anything and any outcome from the bet, you should accept it. Gambling is not a way of having income but it is an informal way of having money. Therefore don't put your mind on it.

The outcome is always a gambler's positive expectation, he wants to win, but losing is an inevitable thing for everyone, which everyone has to accept. Losing is a possibility in gambling, but losing is more likely than winning, that's why we have to be prepared for it. Not being prepared for losing can lead to addiction later, because the high anger within you will be and greed will not let you stop, that's why if you are not prepared for it from the beginning, it can lead to a worse situation later.

[Fiasem20]

Always be positive but inasmuch as you’re positive don’t be overconfident about your outcomes in regards to gambling.Expecting a gain can be one sided because literally the person would start neglecting potential losses and focus entirely on the wins that may look like it isn’t happening in the real world.Gambling requires an individual not to be on one side,you being too expectant on losses could seem as a discouragement to some gamblers in the long run while being too expectant on gains in respect to gambling could lead to chasing wins which in most occasions it is often referred to as “near miss” by some gamblers.Always put it on the tip of your fingers that gambling returns aren’t guaranteed,most times you may believe on your strategy but at the end of the day it all looked like your expectations didn’t work out as planned.Don’t be an overconfident gambler,just be the neutral gambler that don’t feel hurt or discouraged no matter what the outcome may look like.And always set a bankroll to ensure proper gambling habit.

[Dunamisx]

No gambler is expecting to lose any game they are playing but it is an unavoidable thing that one must lose.

We can't prevent gambling without loss, the same way we may not know when we could win a bet we play, there should always be an expectation that we should know that we are going to win or lose once we are gambling, this will prepare our minds towards anything that may draw more of our attention to avoid lose, as we already got prepared for either of the two to happen at any given time.

[Sonia_123]

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 gambling, it is expected not to have hopes on win since gambling is for fun, and you know that  in fun anything can happen, therefore thinking about profit or loss before starting the game puts you on a balance of not being free to enjoy yourself, what is important is that just gamble freely and accept the outcome of the game so that you will not be disappointed, except you are gambling for money and not for fun, then gambling for money you are always expecting that you should win, nobody wants to be a loser.

[Jody.Drummer]

Losing self-control while gambling allows us to bet without caution, making choices and decisions quickly without careful consideration, thus increasing the risk of losing money or even experiencing greater losses. Most people gamble for money, and that's why winning and profit are the hope for many. Unfortunately, placing too much hope in gambling can also lead to harm, such as becoming addicted. However, I believe prioritizing personal safety is paramount, as prioritizing money is tantamount to placing too much hope in gambling for winning.

It is a better concept to be aware of how you will protect your personal funds from losses. Since you are gambling to make money most of the time, exercising self control can be a good strategy to avoid excessive losses. Gamblers have high expectations of making money, so it is not a better concept to consider gambling as the only way to make money. You should assume that gambling is for entertainment but it is not the only way to make money. The priority should be entertainment, second entertainment, third entertainment, and next money. So it is better to choose a different career as an alternative and consider gambling as a priority for entertainment.

Previously, I thought it depended on how we view gambling. Now, if we see gambling as a way to make money, then that is wrong because we may ignore the risk of loss, which is actually more likely to occur than winning. Therefore, gambling continues even after suffering huge losses.
Another problem lies with individuals who sometimes have high expectations of winning, because I believe that this can also cause us to ignore the risks involved in gambling. Therefore, we must set limits on everything to avoid undesirable outcomes.

[Orpichukwu]

Even making gambling a hobby – is that not too risky? If you ask me, the more you make yourself very comfortable around gambling, the more dangerous it might become for you, and the limit at which you set yourself to be gambling might be broken before you even realise it.

It can be dangerous if you can’t manage your greed. People often tend to spend more than they should on their hobbies, but as long as we can control ourselves, I think it’s fine. I consider gambling a hobby because I genuinely enjoy it, but I always remind myself not to cross the limits I’ve set. There are many temptations to gamble with large amounts, but I’m able to control myself and stay within those boundaries.

The problem I was having with seeing gambling is hubby is on the aspect of overspending, but since you said you are always in control and don't allow the temptation of increased staking to influence you, then you are good to go. Many find it difficult to control their time and the amount of money they spend each time they are doing something which they are so comfortable with.

[Bitinity]

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

For me both are important, that's why I always set a profit limit and loss limit when it comes to gambling. Profit limit does not mean that I have to win it but I use it as a reminder that I have to stop when I reach the limit. For example my profit limit is $100 but luckily I won more than $100 (lets say $200). In this situation, I will stop my gambling session or at least I will withdraw my initial deposit + expected profit. Expected loss or I call it as loss limit, it is obviously important because we can get into big loss which make us broken financially if we do not set a loss limit.

[summonerrk]

No gambler is expecting to lose any game they are playing but it is an unavoidable thing that one must lose. But a gambler is expecting to win a game, he will be disappointed so what he will do is to neutralize his mind from the both so that he will not be disappointed. When you placed bet don't expect anything and any outcome from the bet, you should accept it. Gambling is not a way of having income but it is an informal way of having money. Therefore don't put your mind on it.

True. And I'd like to add that all casinos are set up paradoxically. Gamblers are playing against themselves. After all, gambling will always bring profit to the casino from novice gamblers. If a gambler is positive, they'll likely be disappointed with the outcome of their gaming session after a loss. And then they'll come back to top up their deposit to quickly win back their losses. But if they were pessimistic, they'll be pleasantly surprised by any win, leading them to believe they can continue playing and earning money this way.
A dangerous system for gamblers.

[Rockstarguy]

No gambler is expecting to lose any game they are playing but it is an unavoidable thing that one must lose. But a gambler is expecting to win a game, he will be disappointed so what he will do is to neutralize his mind from the both so that he will not be disappointed. When you placed bet don't expect anything and any outcome from the bet, you should accept it. Gambling is not a way of having income but it is an informal way of having money. Therefore don't put your mind on it.

Gambling can't be predicted, and the truth is that if you are relying on winning in gambling, you may be disappointed. This is why it is very important for every gambler to develop the mindset to know there shouldn't be any expectations in gambling, because gambling is about two outcomes: either a loss or a win. In gambling, there are more chances of losing, so it's important to expect losses in gambling, and this also has an advantage for gamblers; at least one would know the amount of money that can be afforded to lose in gambling.

[alastantiger]

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

From a risk perspective, expected loss is more important than expected profits, especially for anyone betting long term. Profit only matters if you survive long enough to realize it. if your downside isnt defined and acceptable, no amount of projected upside will save you from the eventual ruin. Not just gambling but in any risk based activity, people often think in terms of capital preservation first. They size positions based on how much they are willing to lose, not how much they hope to win. Once bankroll is gone, probability, strategy and discipline become irrelevant

[LUCKMCFLY]

Try to make the smallest bets possible and never increase them after a long losing streak hoping that a good win should happen soon.

That sounds very interesting, making small bets so I can gradually increase them, even though it might be somewhat dangerous, it's not a bad idea I would only do it when I have a little more money than I usually bet, of course , the amount I'm willing to lose.

[AmoreJaz]

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

From a risk perspective, expected loss is more important than expected profits, especially for anyone betting long term. Profit only matters if you survive long enough to realize it. if your downside isnt defined and acceptable, no amount of projected upside will save you from the eventual ruin. Not just gambling but in any risk based activity, people often think in terms of capital preservation first. They size positions based on how much they are willing to lose, not how much they hope to win. Once bankroll is gone, probability, strategy and discipline become irrelevant

I am more on the expected loss because you can already determine your possible loss but for possible win, you can't determine. So I don't think it is smart decision to expect the gain from gambling games. We should be more on the expected loss side as I've said, it is quite easy to determine the amount of loss because that's the amount that you have before you start betting. Whereas, the expected gain is quite hard to gauge because you have no clue if you will win on that session or not and how much.
If you will set yourself your expected loss, it means, the amount that you used for bankroll in that game, then, you won't expect that you will have any gain for that session. And for me, it is easier to accept losses because that's inevitable. And if you will win, you will be happier for the outcome as you have no expectations in the first place.

[Betwrong]

~ I'm confident that money spent on your relaxation is not lost. I'd say, it's invested in the effectiveness of your work in the nearest future; and working more effectively you can make more money, right?

Well done, and in fact it is important to try not to exaggerate with how much you play, because we must only play what we can afford to lose. And we must remember that this, in fact, is a game, therefore not a job. It's just a hobby, not a way to make money.

Thanks for agreeing with me! That's right, playing with only what we can afford to lose is important addition to what I said. If you lose more than you can earn after your relaxation with gambling then the relaxation is costing you too much, innit? And time spent on gambling is also important here. Even if you don't lose much money, but lose too much time it can be not good for your health and potentially lead to addiction.

[devlin85]

Every serious gambler i know starts with risk, not reward, when you control losses, profits come on their own focusing only on winning usually leads to bad decisions.

[Nwada001]

I am more on the expected loss because you can already determine your possible loss but for possible win, you can't determine. So I don't think it is smart decision to expect the gain from gambling games.

Any game successfully staked already should be considered as a possible loss, as the chances of losing the money are higher than winning it. Then the potential winning amount, unless we have won the game, should be calculated. Maybe those who calculate or try to determine how much they could possibly win do it based on assumption. If it's for proper accounting, it's not possible.

[ASloveapg]

Every serious gambler i know starts with risk, not reward, when you control losses, profits come on their own focusing only on winning usually leads to bad decisions.

It is not right to expect reward in the first situation, it is natural and possible to lose at first, you have to start from loss and learn from loss, those who expect to profit at first will end up in more losses. You have to make decisions with a cool head while maintaining risk management, so that you do not take excessive risks, take risks only what you can afford to lose and if you lose, gain more skill from it, then only after that you will be able to become skilled and after that you will start achieving success.

[Yorubek]

Every serious gambler i know starts with risk, not reward, when you control losses, profits come on their own focusing only on winning usually leads to bad decisions.

It is not right to expect reward in the first situation, it is natural and possible to lose at first, you have to start from loss and learn from loss, those who expect to profit at first will end up in more losses. You have to make decisions with a cool head while maintaining risk management, so that you do not take excessive risks, take risks only what you can afford to lose and if you lose, gain more skill from it, then only after that you will be able to become skilled and after that you will start achieving success.

It is true that the chances of losing money by gambling with the expectation of profit at the beginning increase manifold. We have to be aware of the losses. If we start gambling without being aware of the losses, we will not be able to limit ourselves to our means, as a result, it will not be possible to conduct gambling according to the correct rules. By being aware of the losses, the gambler can take time after winning, as a result, the gambler can handle emotions or greed. When a gambler conducts gambling with a loss mentality, he can control himself and thus protect himself from the risk of losing excess money.

[LUCKMCFLY]

I believe prioritizing personal safety is paramount, as prioritizing money is tantamount to placing too much hope in gambling for winning.

Well yes, I agree, money for me is about prioritizing everything If we have money for everything , we're fine The difficult thing is spending our money on the game because it can't be recovered That's the difficult part, but that's why I always insist on my strategy only spend on the casino what I'm willing to lose.

[Wakate]

Well yes, I agree, money for me is about prioritizing everything If we have money for everything , we're fine The difficult thing is spending our money on the game because it can't be recovered That's the difficult part, but that's why I always insist on my strategy only spend on the casino what I'm willing to lose.

Money that is lost in gambling can be recovered if you continue to gamble for as long as possible to recover your money without doing it too much for the sake of getting your lost funds from betting. Those that might likely not recover their money are those that decided to give up from gambling and also those that are too emotional to focus on how to be profitable from their bets.