Why can't most gamblers maintain profits in the long term?

[UpTober]

Most gamblers come to gambling platforms usually to make a profit or to earn a lot of money and sometimes they win big money but with the change of time their interest in gambling increases and they gamble more and more. As a result of gambling, gamblers' money is continuously lost and they lose more money than they had won at one time. Basically, in the case of gamblers, this is due to excessive desire and uncontrolled gambling.

I think that gamblers lose money in this way because of their sometimes emotional decisions. Gamblers may think gambling is easy, but real gamblers think a lot before making a decision to gamble, but those who do not think so much about gambling usually make these mistakes and continue to lose money. Another factor that contributes to gamblers not maintaining long-term profits is gamblers not understanding their own limits. Since they have won big money before, gamblers tend to think that the more they gamble and the more money they use, the more likely they are to win more money, but in reality, the opposite is true.

I have also seen in my real experience many gamblers who suddenly won big money from gambling platforms, initially they used that money to fulfill their common hobbies but with the change of time when they gambled more aggressively, they sold the things of the hobby that they fulfilled at that time and gambled later and it happened that they could not hold on to their money and got into more debt.
What is your opinion on this, what other reasons can there be for gamblers not to hold on to their money in the long term.

[Cointxz]

Statistically wise, Gambler is destined to lose due to the house edge on the so the more you play means the more chance you will lose. Casino just need to sure that gambler will continuously play by hooking them with the use of bonuses hence loyalty program.

Emotion and other factor are just one of the many reason why gambler lose but the house edge itself guarantees that house will always win against players.

[Oshosondy]

Most gamblers come to gambling platforms usually to make a profit or to earn a lot of money

later and it happened that they could not hold on to their money and got into more debt.

The gamblers want to make money from gambling and they turned gambling into a means of earning income, they first make money, some of the gamblers will begin to lose money while gambling right from the beginning, but what will happen later is that those that first make money will also be losing money while gambling. If they gamble in a way they are not having discipline, they start to borrow money and be in dept.

[Upgrade00]

Short answer: you cannot make profits from gambling long term. You cannot build anything long term based on luck and chance. What you can do is control your gambling habits not to lose to much and if you get lucky to win big you do not sink deeper into gambling habits but actually put the money to good use.

Gambling is fun, or so it should be. The less time you spend over analyzing it the better rrally

[danherbias07]

It's because the urge to gamble will always be there.

The only solution is to spend the money on something that we cannot sell back or pawn. Items that will be consumed or that no one else buys back. The other way is to give it to your wife. I doubt you can easily get the money back if you give it to her. There will be this trembling moment if you ask for money, and you will be asked difficult questions before you can have some.

It's on us if we cannot maintain the profits. That just means we lack the discipline, and I won't be a hypocrite to say I have not been there because I did. It will not be easy to change how one gambles because of the strong urge.

[jcojci]

Gambling is easy but if you don't have control, you will get so many problems. You need limitation to control yourself not to gambling excessively especially if you win. Most people forget to stop, if they win, they still chasing more wins and if they lose, they will continue to gamble and recover their lost.

Limitation is the thing you need to maintain profits in the long term although we know that profits in long term is not guarantee. We can't always wins so we must stops if we win because if we continue to gamble, we might losing the money.

[Altryist]

 Wins can make you think that if you bet more, you'll win more. But players often confuse temporary luck with consistent long term results. If you start increasing your bet after a few successful bets, it would be a good idea to look at your results over at least several months, or even half a year. I think that's enough time for a bettor to understand how good they really are at sports betting. Only then should they consider increasing their bet size, if they still feel the need to do so.

[blomen]

the reason you can’t win at gambling over the long enough term isn’t just because you’re human or because you make some bad decisions. everyone loses at gambling over the long enough term. you might make money for a week, or maybe a month, but i don’t think there’s anyone who’s been in the black their entire life by gambling. even if there were, eventually they’d end up in the red as they keep playing. it’s a mathematical inevitability so don't try to escape it. just try to enjoy it without losing too much.

[iv4n]

Most gamblers come to gambling platforms usually to make a profit or to earn a lot of money...

Don't get me wrong, everyone's wish is to make a profit, but if you are gambling & you expect to make a profit or earn a lot of money, then you are delusional... and the rest of the topic is just a generalization about emotions & the decision-making process while gambling.

Like all other topics, this one is too objective... tell me how much you usually deposit, your games of choice, and what "a lot of money" means to you? Do you expect someone to deposit $10, make $100, and that's it? Can you "maintain" that profit in the long run? Let's see some real numbers...

[Marvelockg]

What is your opinion on this, what other reasons can there be for gamblers not to hold on to their money in the long term.

If You add Indiscipline to a poor gambling lifestyle, it spoils everything because on the one hand, you're dealing with looses and on the other hand, you're dealing with the inability to managing your wins. In gambling, it's one thing to win and entirely a different thing to sustain your wins and not waste your money on the wrong thing.

Of cause, You can't always predict the outcome of a bet and so, you can win now and struggle to win the next moment. Anytime you win, it should serve as a thing of joy for you and it's advisable that you don't waste the amount you've won even if it's not too much. Your extent of win is dependent on your luck but how you choose to spend the amount you've won is completely dependent on you.

[Perfectbaby]

At first gambling is not a place for certain profits while gambling and you can’t also decide or factor out how much you should be winning for a specific period of time, and even if you map out a specific amount to use it to gamble there would be a time when that money wouldn’t degenerating any amount for you as a profit in returns rather than more loses. Gambling is a game of interest and passion, you must have passion for gambling before you could be able to gamble for long term but not making profit in a long run but the fun and entertainment aspect of it that keeps people gambling, and yes many people gambles for profits and return ends up losing more than expected.

[Achalugo BTC]

Short answer: you cannot make profits from gambling long term. You cannot build anything long term based on luck and chance. What you can do is control your gambling habits not to lose to much and if you get lucky to win big you do not sink deeper into gambling habits but actually put the money to good use.

Gambling is fun, or so it should be. The less time you spend over analyzing it the better rrally

Exactly, because most people do fall this trap and before they know it, they are already deep in it and this is what most people don't understand, gamble is a game of luck and chance and nothing lasts with it, either one spend it unnecessarily or the give it back to gambling, which self-control is important to help them sustain the wins, and even if they can't be able to sustain it , so that they won't fall deep in gambling.

[viljy]

Why-Why... Because sometimes after winning, an idea comes up - what prevents me from playing more? With a small deposit. After all, I won't spend most of my previous winnings. That's how it turns out. Well, I've never won huge sums of money, but this happens with any winnings. Although there may be lucky people who have won very large sums, and they have a different experience in this regard... Maybe.

[DubemIfedigbo001]

What is your opinion on this, what other reasons can there be for gamblers not to hold on to their money in the long term.

They use same money to start gambling irresponsibly, they wrongly see money won as a motivation to chase bigger wins in gambling and then loosing streaks set in and while they chase their losses, they loose all of their previous wins and even enters a negative balance. Gambling is not destined for you to win long-term, in it's configuration the house always has the advantage to win you long-term, very few times people are lucky enough to hit massive jackpots that evens out their odds with the casino and places them on good net profits, but after a while they're in loss to the casino again. I believe it is how the gambling of a thing is wired, you've the possibility of loosing more than winning and that is more reason you're advised to put in what you can afford to loose.

[Nrcewker]

Statistically wise, Gambler is destined to lose due to the house edge on the so the more you play means the more chance you will lose.

Do you have any proof to support this claim? I don't support casinos, but I believe gambling is largely based on luck. If luck isn't on your side, then no matter how well you play or how long you play, you'll end up losing.

That's why I think it's advisable to gamble only occasionally, as it may help you approach each day with a fresh mindset. As for the house edge, most casinos are fair and transparent about it, so I don't believe that's the reason that Cointxz mentioned.

[Tungbulu]

the reason you can’t win at gambling over the long enough term isn’t just because you’re human or because you make some bad decisions. everyone loses at gambling over the long enough term. you might make money for a week, or maybe a month, but i don’t think there’s anyone who’s been in the black their entire life by gambling. even if there were, eventually they’d end up in the red as they keep playing. it’s a mathematical inevitability so don't try to escape it. just try to enjoy it without losing too much.

You are right, that desire to always play and win more, will always come and it will be hard on one to control it, even though it might not be their intention to do do such but as humans we are, at times emotions control and this lead one into making bad decisions but its important not to make mistakes that will hurts and makes one to leave with regrets and disappointment. They are to just enjoy the game and leave when necessary and also don't have to things too personal.

[purple_sparkles]

Creating clear personal rules for gambling can at least help prevent situations where gambling starts causing financial problems. Of course, a lot comes with experience, but it is still better to gain that experience with small amounts of money. And overall, I am against treating gambling as a way to earn income. It is simply too high-risk, and such risky options cannot be the foundation of financial stability.

[Yorubek]

I think the reason why gamblers often fail to make long-term profits through gambling is because of the gambler's greed. When a gambler, after winning money gambles aggressively with the mentality of winning more money without taking time, the gambler faces financial losses, as a result of which the gambler loses the money he won and also faces all the necessary financial losses. When a person gambles by determining the time and money, the possibility of losing more money is less, as a result, self-control will be maintained over himself and he will be able to gamble with discipline for a long time.

[Mhizlove]

I will say that the mistake gamblers make is setting profit target but failing to set loss limits. They have target on how much they will make, but don't know when to stop if things don't go as planned. But with time,this lack of control can turn little losses into bigger ones and most times, preserving Money is just as important as trying to make more.

[lovesmayfamilis]

I know such "lucky people" who were once lucky enough to see a large winning amount in their wallets, but because of the greed of the owners, they did not stay there for long. Firstly, people thought that if they were so lucky, they would probably be lucky again, and secondly, they did not regret this win, believing that if they had to lose everything, then this would not be the last money on which their existence depended.

It's simple: these people will always be gamblers, and their mindset dictates that money is never enough. Such gamblers often treat money very frivolously, devoting neither physical nor mental energy to it, and gambling winnings are considered madness.