Do you think you could become Rich through gambling?

[liasbaa]

I think this is the initial mindset or intention when first getting into gambling, each of us has surely thought this way at some point.

However, the more deeply we get into gambling, the more we realize that this mindset must be discarded, not that it’s impossible, but we must think more realistically. If we don’t want to be deeply disappointed, we must lower our expectations as much as possible and view gambling simply as entertainment, that’s truly the best choice we can make.

Yeah, I’m pretty sure many of us hope to hit the jackpot in gambling or have a big win like the people who share their win on social media. Getting rich through gambling is not impossible, but we should understand the consequences if we still don’t succeed in gambling. A lot of money can be lost, a lot of time fly away and many real life opportunities can be missed. Lowering our expectations can help us deal with the disappointment from those hopes.

A long term gambler aims to win a jackpot. They continue to gamble with that expectation, and among them, the number of unsuccessful ones is very high. A sect of gamblers spreads unnecessary false promises for publicity but they cannot reduce the extent of their losses, rather their losses gradually increase. You get used to gambling for a long time in the hope of winning the jackpot, but it throws you off the track of gambling because the number of lucky ones is very small and the attempt to win makes them addicted.

[Cryptmuster]

Having enough money isn’t that important anymore if the person is an addicted gambler, cos if they eventually followed that path, it’ll only be a matter of time before they go bankrupt because addiction can make you break your bank just to satisfy that urge until it’s completely clear there’s nothing left anymore, and at that point, some people still don’t mind calling a few friends or some other sources to acquire some loans, and since they are rich and influential, getting loans wouldn’t be that difficult compared to the poor or average people. Even if they don’t completely go broke, there’s an amount a rich person can lose in gambling, it’ll completely shake their overall financial position.

I’m almost sure that if a person understands the value of money, especially if they earned it themselves, they will value it enough to try to protect it from losses by any means. From the few stories I know about gambling addiction, in most cases people lost things they received as inheritance, like an apartment from their parents or other property. These are people who didn’t earn it themselves, they received it and then lost it. So I think wealthy people are generally more careful and rational when it comes to gambling.

[Tungbulu]

I’m almost sure that if a person understands the value of money, especially if they earned it themselves, they will value it enough to try to protect it from losses by any means. From the few stories I know about gambling addiction, in most cases people lost things they received as inheritance, like an apartment from their parents or other property. These are people who didn’t earn it themselves, they received it and then lost it. So I think wealthy people are generally more careful and rational when it comes to gambling.

And that’s why addiction is a very bad thing because it takes away your rational thinking and nothing else makes sense to you any longer than winning and you’re willing to achieve that by all means without minding what’s at stake here. I’ve heard several shocking stories about gambling addictions which has made me realize that addiction can easily push people into doing the impossible, which is why it’s best to abstain from it completely than falling into it and later seeking for a cure.

[Agbe]

From the few stories I know about gambling addiction, in most cases people lost things they received as inheritance, like an apartment from their parents or other property. These are people who didn’t earn it themselves, they received it and then lost it. So I think wealthy people are generally more careful and rational when it comes to gambling.

Very correct. Last year, the same thing happened in my location. A woman died in BP. And everything that she had was giving to the son because he is the only child she got. And after the burial, 6 months later, he started to sell the things in the house. From the window glasses to the protectors. Though the house is still standing but he has sold almost everything and use the money to gamble and drugs. Responsible gamblers would not waste money like that but spend it in a reasonable way.

[purple_sparkles]

From the few stories I know about gambling addiction, in most cases people lost things they received as inheritance, like an apartment from their parents or other property. These are people who didn’t earn it themselves, they received it and then lost it. So I think wealthy people are generally more careful and rational when it comes to gambling.

Very correct. Last year, the same thing happened in my location. A woman died in BP. And everything that she had was giving to the son because he is the only child she got. And after the burial, 6 months later, he started to sell the things in the house. From the window glasses to the protectors. Though the house is still standing but he has sold almost everything and use the money to gamble and drugs. Responsible gamblers would not waste money like that but spend it in a reasonable way.

I think that a self-destructive pattern can be triggered at any moment in a person’s life. When someone loses the meaning to live, to achieve something, or even to exist, they may start looking for ways to harm themselves indirectly, and various addictions are just one way of doing that.Of course, when a person isn’t ready for the wealth that comes to them and doesn’t know how to manage it, it’s likely they will lose it quite quickly, because they lack the skills to handle it. The same can be said about the guy with the house, he may have lived in it, but he didn’t maintain it, and he clearly wasn’t ready to take responsibility for it.

[Tungbulu]

The expectations most gamblers have for gambling is so extreme,they believe they could make success from gambling.That is a wrong perspective,enjoy the fun in gambling and gamble responsibly,every other perspective could be destructive on the long run.I know a man in my neighborhood that have always dreamt of becoming rich through gambling and today he’s in he’s old age,literally he spent all he’s income and retirement fund on gambling,he’s expectations were so high that he couldn’t realize that he wasn’t acquiring properties,and today he looks so wretched.

The expectation people are wanting from gambling is on the high side, which makes them that through gambling one can just become rich with it, making them to approach it in a way that its not responsible, which will make them to place a bet with the amount they can't afford to lose, which will make them to chase after their losses, if eventually they don't win and even if they win, they won't have the self-control to use their bonus wisely, instead they will give it back to gambling due to the selfish act they exhibit.

[ASloveapg]

I won't become rich with gambling.

But if I get rich from other means, I'll still remember gambling has been part of my journey and have thought of its way before.

And I will not forget it because as a gambler, will always remain as a gambler and that's not going to change.

I agree with you, the way people expect to get rich overnight from gambling, in reality they never do, even if they do win a good amount, they never manage to keep that winning, this is the case with everyone, not everyone but most gamblers. Those who want to get rich by gambling without suffering, I think they are trapped in a completely unrealistic mindset, I have not met anyone who has actually improved their financial situation from it, rather everyone has only faced more losses, so this is a sure result, those who expect success from it will only face more losses.

[LUCKMCFLY]

Having enough money isn’t that important anymore if the person is an addicted gambler, cos if they eventually followed that path, it’ll only be a matter of time before they go bankrupt because addiction can make you break your bank just to satisfy that urge until it’s completely clear there’s nothing left anymore, and at that point, some people still don’t mind calling a few friends or some other sources to acquire some loans, and since they are rich and influential, getting loans wouldn’t be that difficult compared to the poor or average people. Even if they don’t completely go broke, there’s an amount a rich person can lose in gambling, it’ll completely shake their overall financial position.

When something like this happens, it's because the problem is enormous and you have to act quickly, because no matter how many loans and aid they give, there will come a time when the person lending all of that has to pay it back, and when they realize they don't have the money, that's when things start to go wrong, stress begins, they start to feel that awful pressure of not wanting to look bad to others, and the banks, on the other hand, all of that becomes quite difficult.

[junder]

And that’s why addiction is a very bad thing because it takes away your rational thinking and nothing else makes sense to you any longer than winning and you’re willing to achieve that by all means without minding what’s at stake here. I’ve heard several shocking stories about gambling addictions which has made me realize that addiction can easily push people into doing the impossible, which is why it’s best to abstain from it completely than falling into it and later seeking for a cure.

Addiction is caused by flawed thinking, and that leads to even more flawed thinking, ultimately causing normal or rational thought to disappear as you mentioned to the point where even when bad things happen, you tend not to care and focus only on winning. If you can become aware of this simply by observing what happens to others, that’s good, because you can use it as a lesson to avoid going overboard when you gamble.

[hero_the_bossman]

And that’s why addiction is a very bad thing because it takes away your rational thinking and nothing else makes sense to you any longer than winning and you’re willing to achieve that by all means without minding what’s at stake here. I’ve heard several shocking stories about gambling addictions which has made me realize that addiction can easily push people into doing the impossible, which is why it’s best to abstain from it completely than falling into it and later seeking for a cure.

Addiction is caused by flawed thinking, and that leads to even more flawed thinking, ultimately causing normal or rational thought to disappear as you mentioned to the point where even when bad things happen, you tend not to care and focus only on winning. If you can become aware of this simply by observing what happens to others, that’s good, because you can use it as a lesson to avoid going overboard when you gamble.

I don't think observing would be enough.

Understanding that during each session or each bad session that is, is the most important part.

We can't win forever. But that doesn't mean we should try to.

[Alex077]

I won't become rich with gambling.
But if I get rich from other means, I'll still remember gambling has been part of my journey and have thought of its way before.
And I will not forget it because as a gambler, will always remain as a gambler and that's not going to change.

I agree with you, the way people expect to get rich overnight from gambling, in reality they never do, even if they do win a good amount, they never manage to keep that winning, this is the case with everyone, not everyone but most gamblers. Those who want to get rich by gambling without suffering, I think they are trapped in a completely unrealistic mindset...

I agree, the idea of getting rich through gambling is more like a nice illusion. It’s fueled by rare success stories that get heavily promoted in the media, while thousands of opposite cases are never talked about. And the more someone believes in those so-called “easy money” stories, the deeper they usually end up in the red.
At the same time, you’re right - even when people understand all this, they can still remain gamblers. The key is at least being aware of the risks and not living in illusions.
So yeah, as a way to get rich, it’s definitely a dead end. But as a form of controlled entertainment, it can work - only if you have strict limits and actually stick to them.

[Mandoy]

Having enough money isn’t that important anymore if the person is an addicted gambler, cos if they eventually followed that path, it’ll only be a matter of time before they go bankrupt because addiction can make you break your bank just to satisfy that urge until it’s completely clear there’s nothing left anymore, and at that point, some people still don’t mind calling a few friends or some other sources to acquire some loans, and since they are rich and influential, getting loans wouldn’t be that difficult compared to the poor or average people. Even if they don’t completely go broke, there’s an amount a rich person can lose in gambling, it’ll completely shake their overall financial position.

I’m almost sure that if a person understands the value of money, especially if they earned it themselves, they will value it enough to try to protect it from losses by any means. From the few stories I know about gambling addiction, in most cases people lost things they received as inheritance, like an apartment from their parents or other property. These are people who didn’t earn it themselves, they received it and then lost it. So I think wealthy people are generally more careful and rational when it comes to gambling.

It is possible to get rich by gambling, but this is a very rare and untrustworthy method of making money in the long-term. Majority of the gambling systems are structured in such a way that they are biased towards the house thus it is unlikely to get a steady income. I also support the view that addiction contributes significantly to financial destruction, whether one is financially endowed or not. People can lose a lot even rich ones when they lose control. The argument on self-earned money is also correct, because those that labored to gain a fortune, are more likely to appreciate it and take it more seriously. On the contrary, inherited wealth can be assumed to be normal, and therefore easily lost by poor gambling choices.

[Muba20]

I won't become rich with gambling.

But if I get rich from other means, I'll still remember gambling has been part of my journey and have thought of its way before.

And I will not forget it because as a gambler, will always remain as a gambler and that's not going to change.

I agree with you, the way people expect to get rich overnight from gambling, in reality they never do, even if they do win a good amount, they never manage to keep that winning, this is the case with everyone, not everyone but most gamblers. Those who want to get rich by gambling without suffering, I think they are trapped in a completely unrealistic mindset, I have not met anyone who has actually improved their financial situation from it, rather everyone has only faced more losses, so this is a sure result, those who expect success from it will only face more losses.

Gambling should be a center of entertainment but people now consider gambling as a source of income. Some gambler think that it is possible to get rich from gambling. But the reality is different. Getting rich through gambling is possible but it does not happen to everyone. I think that not even 1% of people can get rich through gambling. Those who try to get rich through gambling are moving in the wrong direction. Such gamblers only hope that they will win from gambling at some point. But despite repeated attempts, they cannot reach their desired level. I have some acquaintances who could not fulfill their goal even after gambling for a long time. And if someone got a big win, they later lost their winning money in the hope of winning more. Getting rich through gambling is very difficult. If someone is gambling with such a desire, then he should quit gambling.

[Wakate]

And that’s why addiction is a very bad thing because it takes away your rational thinking and nothing else makes sense to you any longer than winning and you’re willing to achieve that by all means without minding what’s at stake here. I’ve heard several shocking stories about gambling addictions which has made me realize that addiction can easily push people into doing the impossible, which is why it’s best to abstain from it completely than falling into it and later seeking for a cure.

Addiction is caused by flawed thinking, and that leads to even more flawed thinking, ultimately causing normal or rational thought to disappear as you mentioned to the point where even when bad things happen, you tend not to care and focus only on winning. If you can become aware of this simply by observing what happens to others, that’s good, because you can use it as a lesson to avoid going overboard when you gamble.

There have been gamblers that have been thinking very irrational for months and years without knowing what their problem could be. I don't see any reason why someone gambling with a tiny fraction to be looking for how to become a millionaire while gambling.
Becoming a millionaire while gambling wih fractional stakes will make it impossible to become a millionaire through gambling.

[Dr.Bitcoin_Strange]

And that’s why addiction is a very bad thing because it takes away your rational thinking and nothing else makes sense to you any longer than winning and you’re willing to achieve that by all means without minding what’s at stake here. I’ve heard several shocking stories about gambling addictions which has made me realize that addiction can easily push people into doing the impossible, which is why it’s best to abstain from it completely than falling into it and later seeking for a cure.

You are right mate, that's why we often hear the stories of some gamblers who committed suicide after losing a huge amount that was not theirs, while in a few cases too, the money belonged to them but it was intended for something else and they felt tempted to gamble with it and when they could not control their urge. Addiction makes someone to lose their mind or sense of reasoning, they just don't care about the negative aspect of the bad decisions that they making. I always advice anyone that can not handle gambling to stay away from it, some people are so emotional to everything, when they lose, they don't handle it well, so, it's better they stop on time before it's too late.

[STT]

I like the show where he aims to become rich from gambling but in a totally simple way not any grand idea just bet big and bet once.    Dude sells everything he owns, puts all that capital into one bet on a roulette wheel red or black and then also super smart turns it into a tv special or short series.
   I imagine he wins either way from the advertising and earnings of making a popular tv show about his big gamble and the casino loved the advertising.  The perfect bet where he couldnt lose though they never said that of course, in the show his casino bet wins and he gets the roulette wheel to return double everything he owned, sold and gambled.    Very simple premise but well executed.

[junder]

I don't think observing would be enough.

Understanding that during each session or each bad session that is, is the most important part.

We can't win forever. But that doesn't mean we should try to.

Although simply observing isn’t enough, that doesn’t mean we have to go through the same thing first. What I mean is that by looking at the many cases that have already occurred, we can use them as a lesson or a warning that we’ll face the same fate if we make the same mistakes.

Nowadays, there are many cases of people whose lives have been ruined by gambling and some of those who have experienced this likely believed beforehand that they could get rich through gambling, even though the chances of that are very slim almost impossible.

[Betwrong]

It's not that hard actually. I know how much I bet each month approximately. I also know to some extent, how much I lose and how much I win. If you'll sit 20 minutes on it, I bet you'll be able to give a rough estimate on your profit, be it positive or a negative one. Also, as a poster said here, it's easier when you stick to online casinos only, and that's exactly my case.

I guess that’s why I’m not able to know, I don’t really have the luxury of sitting on it to think about how much I win or lose, sometimes even how much I spend in the long run. I don’t know but I don’t think there’s much I’ll be doing with such information so I just don’t bother about it. I mostly just work with a budget and what I know is that I try to stick to that budget and that’s pretty much okay for me.

If you can afford not thinking about it, it means you are losing not more than you can afford to lose. Always. That's not actually my case. I’m almost always on the edge of losing more than I can afford, and if I weren’t paying attention, I’d go over the limit too often.

[nara1892]

I guess that’s why I’m not able to know, I don’t really have the luxury of sitting on it to think about how much I win or lose, sometimes even how much I spend in the long run. I don’t know but I don’t think there’s much I’ll be doing with such information so I just don’t bother about it. I mostly just work with a budget and what I know is that I try to stick to that budget and that’s pretty much okay for me.

If you can afford not thinking about it, it means you are losing not more than you can afford to lose. Always. That's not actually my case. I’m almost always on the edge of losing more than I can afford, and if I weren’t paying attention, I’d go over the limit too often.

What you said is true. Our negative reactions depend on how much we've lost. But unfortunately, you still frequently experience losses beyond your means. From this, we can conclude that perhaps your limits aren't strict enough. You need to maximize them and pay close attention.
It seems you should try to empty your account after making a deposit. The goal is to prevent you from re-depositing after the first session loses. This is what I do too.

[WhoYouCantKill]

If you can afford not thinking about it, it means you are losing not more than you can afford to lose. Always. That's not actually my case. I’m almost always on the edge of losing more than I can afford, and if I weren’t paying attention, I’d go over the limit too often.

Oh that explains why. Well you’re right, I’m barely spending much time and money in gambling, I can even stay almost a month without gambling, and when I eventually do, I have a specific budget and limit in mind, I won’t say I don’t exceed it sometimes, but even when I do, it doesn’t matter that much because it’s actually a small budget after all so even when I exceed it a bit, rather than forcing me to keep chasing, it’ll only serve as a clear indication that it’s time to take a walk, and they may likely not see me for another month or so