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

[Livingleged]

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.

Absolutely right but it’s just easier said than done, you see gambling entails a lot and every gambler has his or her own experience. There aren’t specific rules to it as it doesn’t have a manual or a guideline. It’s just how you handle risk management that can help your finances when you’re into gambling. I also agree that gambling should not be considered as a primary source of of income just because it’s not certain and if anyone do regard the casino or the gaming house as their source of income they may suffer and struggle to even eat at some point. Your major source of income should not be on a probability it should be be certain that after a certain time i will get so so amount but that’s not in the case of gambling because the probability of losing  is higher than that of winning, and thats how the casino are designed to always favor the house.

[nimogsm]

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.

Basic math dictates that, in the long run, the casino will profit against the player. Bookmakers, however, have a better chance of winning. A simple example: a player bets $100 and wins $10, and so on several times, but the next time, they lose $100, leaving only $10. For a while, they were profitable, but the deposit was lost. If you change tactics and play only with the funds earned from your initial deposit, your chances are still there, but ultimately, you'll lose the entire deposit unless you hit the jackpot.

[Agbamoni]

OP, I can only say with assurance for sports betting but for casino games the odds are very high for the player to lose. The house edge favors the casino, not the player, so basically, for casino games the player has to lose unless he gets lucky to win, which doesn't happen often. While for sports betting, the odds are mostly in the bettors' hands. The casino has arranged the odds to favor them, but if the bettor can tweak things around and know the right odds to choose for each game, he is going to win.

[Stepstowealth]

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.

Some gamblers have the belief that they will be able to win another amount of money This is why they are usually indiscipline and reckless with a huge amount of money that they are able to win once, they spend such amount of money without thinking of tomorrow because they see it as if they are able to win from gambling ones that they will be able to do it again. it is very unfortunate that some gamblers are unable to win again after experiencing a huge win ones. the thing about that one win is that even if they never win again, they will keep having hope to win based on that one time where they won.

[gracreavix]

Most gamblers lose money because of poor decisions and discipline. And if you check, most gamblers have no withdrawal plan after a big win or any win at all.

Greed is another thing that affects gamblers. Where most of them increase their stake after a win. Overconfidence steps in and they make wrong decisions after allowing their emotions to take over them.

I know we've been preaching about bankroll management and how it can affect gambling positively. But it has to be preached more.
Most gamblers mistake winning streaks for skill and they allow what will make them lose get in the way. That's sad.

[GreatArkansas]

OP, I can only say with assurance for sports betting but for casino games the odds are very high for the player to lose. The house edge favors the casino, not the player, so basically, for casino games the player has to lose unless he gets lucky to win, which doesn't happen often. While for sports betting, the odds are mostly in the bettors' hands. The casino has arranged the odds to favor them, but if the bettor can tweak things around and know the right odds to choose for each game, he is going to win.

I agree, especially in casino games, which we all know, it's always in favor of the house, and there are some casino platforms that are not fair, like the probability is not fair, which most of them always favor to the house. Plus, I believe there are some platforms that play on the emotion of their players, like for the first few bets of their players, they let the players win, but later, it shifts to the house, and that's the time players started to lose over and over again.

[Accardo]

OP, I can only say with assurance for sports betting but for casino games the odds are very high for the player to lose. The house edge favors the casino, not the player, so basically, for casino games the player has to lose unless he gets lucky to win, which doesn't happen often. While for sports betting, the odds are mostly in the bettors' hands. The casino has arranged the odds to favor them, but if the bettor can tweak things around and know the right odds to choose for each game, he is going to win.

Getting the right odd is the problem beneath sport gambling, from which the house generates its income like they do on slot, despite sport not being totally under the control of house edge, the casino make more profits with their technical teams of risk traders or line makers to devise sophisticated stats on sports events to arrive at what players see as odd, this also changes in accordance to how much is wagered in the casino to balance the odds, the casino have little to lose here, the whole loss still goes down to the sport players just as though they're competing with the house edge.

[Odohu]

If you have heard the word "house edge" you will know why most gamblers can't remain profitable.  House edge is integrated into gambling to give the casino operators advantage in the business, that ensures that they are not out of business. Some gamblers will win and make huge profits for sure but the percentage of those lucky and hardworking gamblers is very all compare to those that will ultimately lose on the long run.

[abaeze]

No matter what you say, no one can say in advance that they will definitely win in gambling. No matter how much planning, how much statistics, how much analysis they do, it does not guarantee winning. On the contrary, there are many people who do not like gambling but have won big jackpots when they came to spend some time with friends. Therefore, no one should take gambling seriously and see it only as entertainment, not as a means of earning. It seems to me that those who, due to excessive greed, continue to play to win more even after winning once, cannot take their money home, no matter how experienced a player they are. Those who play it for fun and with the extra money that does not cause any problems in their daily lives if they lose it, can be protected from the harm of gambling.

[Dr.Bitcoin_Strange]

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.

So true, I have also seen someone like that, they actually fall into gambling addiction along the line when gambling stopped favouring them as they got lucky initially but instead of understanding how the system of gambling activity is set, they became compulsive wanting to recover their money back and win more but instead they resorted to selling off some of their properties and even taking debts. I have said something here before about a man that used his daughter's money to play bet and lost it meanwhile the money was meant to be used for something else.

 So, if you ask why some gambler can't maintain profit on the long run is because gambling is a game of luck and the way you can be a long term profitable player is if luck keeps favouring you and then you also disciplined yourself to be a responsible player.

[Russlenat]

Simple logic is, when most gamblers maintain profit in the long term, that will result to casinos going bankrupt, so it will not happen.

The reality is being profitable is possible, but only a few can really be profitable regardless of what kind of gambling we are doing, even if it is sports betting. I have tried it myself, I was never profitable, so until now it will only remain as inspiration, believing that there are people who are really skillful and profitable.

[Africolo]

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.

The aim of anyone that is gambling is to make profit though for some it differs as they are just gambling for fun and entertainment but we should understand that no matter the high techniques that is used by a gambler he can't be on a long winning term, it's either you loose abit and also win abit, the chances between winning and loosing is 50/50 and winning is not guarantee but loosing is sure to take place and every gambler must experience a long term loosing streak and win when they are lucky because this gambling is all about being lucky.

Many gamblers are victims of not being able to maintain their profits in a long term because of greed, they will always want to gamble more so they can win more and that opens them to more looses and sometimes they even loose all the have won in the process of trying to gamble to win more, so to me it's greed that causes it.

[stadus]

Many gamblers are victims of not being able to maintain their profits in a long term because of greed, they will always want to gamble more so they can win more and that opens them to more looses and sometimes they even loose all the have won in the process of trying to gamble to win more, so to me it's greed that causes it.

No, it is not about greed only because it is really hard to be profitable in the long run. I do not even know someone here in the forum who is profitable in the long run, most of them would say gambling is just about luck because there is a house edge that will make it impossible for us to be profitable. So if we believe that way, then we will never be profitable. It is just that most of us do not have the same approach as pro gamblers, first is that we do not have a decent bankroll, then second is we do not really have a long-term goal.

[igebotz]

First big win often creates powerful emotional memory to most gamblers, making them believe that they've discovered a path to wealth when I reality they're gradually chasing a feeling rather than making rational decisions. It's not always greed, but the illusion that the last big win can be repeated if they keep gambling.

What make it even worse for some is that many gamblers do not see money made from gambling as hard earned money anymore because it came quickly and that makes them take bigger risks and before they realize what they've done both their profits and savings are gone.

[Botnake]

First big win often creates powerful emotional memory to most gamblers, making them believe that they've discovered a path to wealth when I reality they're gradually chasing a feeling rather than making rational decisions. It's not always greed, but the illusion that the last big win can be repeated if they keep gambling.

That is the reality, and some people just learn it the hard way. If we stop after a big win, then we can say we are already profitable or that we succeeded, but the thing is, no one really stops when they are making money. Some even think they can turn it into long-term profit, and worse, they believe they can win all the time.

That wrong belief will eventually result in losses because they do not see the risk anymore, they only see the reward.

[swogerino]

A gambler can never maintain profits in the long term no matter what games he chooses to play, be it slot machines or sport betting. The reason is simple, when playing slot machines there is the mechanism put in place to make the casino to be always in profit during the long term and it is called the house edge, the slot providers have implemented this house edge in every slot machine and you can try it yourself (of course playing in the providers website for fun) that the longer you play the more money you lose, not only in a specific provider but in all of them. Even if someone plays sport betting and even he is a super expert in it, you can never predict what the referee will do which guarantees just like the house edge that a gambler can never maintain profit over the long run no matter which game they choose to play.

[igebotz]

First big win often creates powerful emotional memory to most gamblers, making them believe that they've discovered a path to wealth when I reality they're gradually chasing a feeling rather than making rational decisions. It's not always greed, but the illusion that the last big win can be repeated if they keep gambling.

That is the reality, and some people just learn it the hard way. If we stop after a big win, then we can say we are already profitable or that we succeeded, but the thing is, no one really stops when they are making money. Some even think they can turn it into long-term profit, and worse, they believe they can win all the time.

That wrong belief will eventually result in losses because they do not see the risk anymore, they only see the reward.

Sometimes some gamblers blames the gambling platforms whereas the biggest problems is against emotions, overconfidence and the inability to quit or take a break after a win.

You can't maintain a balance for a long term if you don't understand how money management works and the ability to control your urges.

[Charles-Tim]

Sometimes some gamblers blames the gambling platforms whereas the biggest problems is against emotions, overconfidence and the inability to quit or take a break after a win.

You can't maintain a balance for a long term if you don't understand how money management works and the ability to control your urges.

I am able to control my gambling activities with just my gambling budget which is very little amount of money. I was winning more in this year before, but right now I am losing, but I am not emotional about it. Gambling is beyond winning, it is also about losses and seeing gambling as something fun. Anyone that do not see gambling for fun should not gamble. That is how I see gambling. Someone can win today while gambling, but the person can lose tomorrow.

Although, my most wins are in sport, while my most losses are in casinos. I still gamble on both casinos and sports.

[Botnake]

First big win often creates powerful emotional memory to most gamblers, making them believe that they've discovered a path to wealth when I reality they're gradually chasing a feeling rather than making rational decisions. It's not always greed, but the illusion that the last big win can be repeated if they keep gambling.

That is the reality, and some people just learn it the hard way. If we stop after a big win, then we can say we are already profitable or that we succeeded, but the thing is, no one really stops when they are making money. Some even think they can turn it into long-term profit, and worse, they believe they can win all the time.

That wrong belief will eventually result in losses because they do not see the risk anymore, they only see the reward.

Sometimes some gamblers blames the gambling platforms whereas the biggest problems is against emotions, overconfidence and the inability to quit or take a break after a win.

You can't maintain a balance for a long term if you don't understand how money management works and the ability to control your urges.

And this is not a skill that everyone can master, even in the long run, as personally I have to admit that I am also easily affected by my emotions sometimes, especially when I am losing. If I was in control, I should only lose what I already expected as a possible maximum loss, but when I lose control, I lose more than I imagined.

So see, just one mistake and everything can be ruined, that is how important it is to stay in control all the time.

[Agbe]

Gambling is something that nobody can interpret the future and the outcome fully. Now once a gambler wins, motivation has been activated, and the desire to gamble to win more has been planted in his heart and that increases the desire to gamble and lead to addiction. Gambling win is a gate way for gamblers to attempt again and again and in the process more loses will be occurring. Even you left the platform when you win big at the moment with the win. Definitely you will come back again after sometimes and if you are not lucky, you will lose more. Nobody can interpret gambling and that is why gamble what you can afford to lose.