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

[Rockson1]

Do we expect that to happen? Long-term is the future so we should not expect anyone to maintain such and even if anyone tells me that they keep winning continuesly I will doubt the person because I know how gambling works and I can not be deceived, if you win today as gambler just take it like that, do not give yourself the hope that you will continue wining on a long-term because you can say what the future will give, I will make respond to the op, the reason why gamblers can not keep keep making profiting on a long-term is that gambing is that nothing is guaranteed in gambling, you can be lucky for sometime and get unlucky long too.

[Accardo]

Do we expect that to happen? Long-term is the future so we should not expect anyone to maintain such and even if anyone tells me that they keep winning continuesly I will doubt the person because I know how gambling works and I can not be deceived, if you win today as gambler just take it like that, do not give yourself the hope that you will continue wining on a long-term because you can say what the future will give, I will make respond to the op, the reason why gamblers can not keep keep making profiting on a long-term is that gambing is that nothing is guaranteed in gambling, you can be lucky for sometime and get unlucky long too.

No lies, it's true that not one amongst millions of gamblers, would get to this level of thinkable possibility, fully impossible and unattainable in the gaming world, but conceivable in the actual sense, yet destructible to the fabled faith of an average gambler, who tire himself out over the continuous pain poured upon him by the fast arrival of multiple losses that comes through the courage and skillfulness to reach this point where the money keeps pouring nonstop, and non of it going back to the house. This conviction is tagged to the lay player with zero experience as the time of professionalism and what the pros enjoy each moment they wager, the journey is a quest for many, who never figures out when it'll become, thereby begetting extra layers of pain and agony strong and capable of destabilizing the mind and brain of the player.  

[Suleiman the Magnificent]

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.

Because they get into such a mindset that they feel as if they will win forever. This is perhaps the worst part of gambling. When you lose, you think you won't lose forever, that your luck will turn around somewhere. But when you're winning, you keep playing as if you'll never lose, as if you'll keep winning endlessly. The result is a great disappointment.

[Hispo]

...
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.

Itnis mostly because money which has been won thanks to gambling feels like easy money, so people who have managed to score some wins on casinos have the impression they can make even more money with the same ease, they do not keep in mind how unlikely actually was for them to get thousands of dollars in a single session.
In the case of people who managed to win an important amount and decided to quit gambling, they still lose their money, since the perceived value of that money to them is mostly non-existent, so they do poor financial decisions, which would inevitably lead them to bankruptcy.

It is much more difficult for someone to end up penniless if they have worked and invested through their whole life, and understood the sacrifice behind every single dollar.

[leonair]

You cannot say for sure when you will win in gambling. So you cannot say for sure when and how much amount of money you bet will reduce your losses and increase your profits. That is why the longer you gamble, the more you will suffer from instability. Because here you will win and lose again and this will continue and in this way you will lose more than you gain. The longer you gamble, the greater the possibility of your losses being large.

So if you gamble with a certain limit and have a fixed budget for gambling, then even if your losses are more than your profits, you will have the ability to accept it. You can never expect a big financial support from gambling, here you can only expect fun by spending money, then you can keep yourself happy.

[Hatchy]

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.

Before anyone gets into gambling they should first be very much aware that gambling is risky and no guarantee is placed that you will win something or make any profits during your gambling activities. The losses makes you learn a lot, it depends on your own kind of mindset to understand and learn how to gamble responsibly on a long term. It's very much possible to maintain a long term profit, the only problem is that we don't have that much gamblers who will be willing to have a long term patience in their gambling activities. Most gamblers wants to make it quick, they see every opportunity as a chance to make then the next talk of the town, the next millionaire. If gambling were that easy, a lot of us would have made it big, but it's not. That's why you shouldn't let your profits mindset get the best of you..

[Akbarkoe]

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.

Yes this is true, basically in this principle we are designed to lose from the many games we play but sometimes also why they keep gambling because they are looking for luck that can be considered to beat the house, and gamblers mostly pursue that, because it is a great hope for them if they get a win can turn the situation around in one moment, so they come back again to try, regardless of their unconsciousness to lose more.

[robelneo]

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.

They are trying very hard to duplicate their success, but in gambling, there is no sure or guaranteed way to do that, even if all the circumstances are there from your previous wins.
It's easy to lose money coming from winnings because it's easy money, you tend to take risks, and when they lose their winnings, they think that they are ripe for winning, so they take a loan to continue gambling. It's a vicious cycle when those addicted to gambling win.

[Fiatless]

Because they get into such a mindset that they feel as if they will win forever. This is perhaps the worst part of gambling. When you lose, you think you won't lose forever, that your luck will turn around somewhere. But when you're winning, you keep playing as if you'll never lose, as if you'll keep winning endlessly. The result is a great disappointment.

Instead of logging off or leaving the physical casino after losses, they just want to chase losses because they feel that they can recover all they had lost. The best option is to have a gambling budget and ensure that you maintain the amount allocated. If you are winning, don't think that you in control of the game. You should know that you are just lucky and no one can determine the outcome of the next game.

[Jewan420]

When someone has $100, he expects $200. When he has $200, he desires more money, and so on. This desire is like a death trap in a person's life, whether you earn it through honest means or dishonestly.

Basically, this desire is created by temptation. Only the person who can control temptation can get rid of this death trap. If we talk about gamblers, then their main enemy is the strong desire to win. Based on this desire, they spend more money than they can afford on gambling, and when their own money runs out, they go into debt. Even if they win something, they spend it on gambling. Basically, their final return from gambling has to be expressed as a negative number.

[Dogedegen]

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.

It has nothing to do with emotions, you need to learn how statistics work. When you have a setup like you have on gambling platforms, you are guaranteed to lose money because that is the expected profit of the activity that you are doing. It is only possible to have large profits in the short term because of variance. You could play your first game of lottery and win big. The only way to stay in profit is to never play again. If you ever start playing again you will slide down into the negative. The expected profit of the functions that are used here guarantees a return to expected value in the long run. The more games are played by someone the more likely it is that they are at their expected losses.

Emotions, lack of discipline and stuff like that are all just mechanisms through which these mechanisms tend to be confirmed. There are many explanations for why humans make mistakes with gambling, but the main reason is how statistics work. Even if the gambler is the most disciplined, never emotional, never greedy, he will lose in the long run. Learn some statistics and you will understand. Even the crazy behaviors that you mention are variances in their own group, because even if there are examples of greedy behavior after winning there are also examples of complete calm and opposite behavior after winning you just don't see them because they are more quiet examples.

[yixichloro2xx]

Its usually people who can't control themselves that often find themselves getting addicted to gambling. When they luckily get a big win, alot of scenarios starts playing in their minds. That what if I put more money, then I can get big profit before they finals come to their senses,  they will now realize that they've lost all their money. Some people might decide to stop there, but others who aren't satisfied enough will now start to Chase losses. This is why it's advisable to know your limits, how much you can afford to lose or your risk tolerance and lastly discipline. without having those it hard for someone to stop gambling time go time which results to addiction. They will start gambling base on their emotions which is very bad.

[retreat]

what other reasons can there be for gamblers not to hold on to their money in the long term.

Overconfidence can be one reason why gamblers can't hold on to their winnings long-term. They easily assume that if they play again, they'll be able to hit the jackpot like before. Due to previous wins, they become overconfident and assume it will be easier for them to win again. This leads them to gamble more and take even greater risks, as they continue to expect they'll win again. But they end up losing even more of their money, all because they're overconfident and ignore the risks of gambling. Overconfidence can be like a disease for gamblers because it can cloud their judgment of the actual risks.

[JunaidAzizi]

That's the real reason they are making emotional decisions, they can be easily fooled and lose their money. Meanwhile, those who control their emotions and follow a plan based on facts can enter into bets and become winners. However, there is another reason that contributes to failure in the long term, and that is the exit plan. They may have a good strategy and can make good profits, but they have nothing defined regarding when they will exit. This lack of clarity can engage you in the casino, and you will likely lose the money you gained.

[r_victory]

Perhaps because there's no long-term profitability in gambling, there's no way to keep winning by gambling. Luck isn't something tangible that increases over time when you keep betting. Gambling wasn't designed to be profitable; you either win or you lose.

There's the fact that when a gambler wins and lacks the self-control to stop, they'll seek a bigger prize, increasing the bet and possibly losing what they won plus a little more, entering a cycle of recovering losses that only generates more losses.

[Maslate]

If they can maintain long-term profits, then that is no longer gambling, but investing. But apparently, gambling is designed for us to lose and casino to win, and due to its house edge, gamblers are bound to lose in the long run so that casinos would guarantee long-term profits.

In addition, gamblers gamble with their emotions, and the more emotions they pour in gambling, the more they will fall into the casino's trap which leads to the possibility of losing a lot than winning significant amount.

[CryptoHeadlineNews]

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.

Having that mentality that the more you gamble, the more likely you are to win more money while gambling is a wrong ideology any newbie gambler should have at the back of their mind. Because such is never guaranteed, since the outcome of gambling is both controlled by your skill and luck. However, the gambling system was designed to always be in favour of the gambling house, which means that in other to be successful, you just need to know when to stop and take a break, most especially after hitting a jackpot, knowing fully well that if you aren't responsible enough, and kept gambling while been greedy, you might end of losing everything.  So in conclusion, my best suggestion to be approach as a newbie is to stop being overconfidence and know that in gambling anything can happen,  and or that reason you hold on to the little you might have got or won.

[Findingnemo]

Greed, desire to make money, chasing the loss and emotions are all contributing factors but the real reason is "House always wins, they got the edge against any player, so the more they play the more likely they are to lose their money statistically. But it doesn't have to be like that all the time, one can be lucky enough to win big in their only bet of their life time and get away with it or it can be a never such big win of all their life with years of betting on regular occasion, this is what we call as random and often called as luck part.

[Floxynice]

The reason is simple: gambling is unpredictable, and the house has an edge over the gamblers. So, it is no longer just about the effort put into gambling in the long term because the system has already been designed to favor the house. However, losses can be minimized, but gambling with emotions and chasing losses will only increase the gambler's losses.

[Dogedegen]

The reason is simple: gambling is unpredictable, and the house has an edge over the gamblers. So, it is no longer just about the effort put into gambling in the long term because the system has already been designed to favor the house. However, losses can be minimized, but gambling with emotions and chasing losses will only increase the gambler's losses.

You made a small contradiction there, actually gambling is predictable and you just defined it there. The house has an edge over the gamblers and because of this we can predict that in the long run the house will always win and because of that almost all gamblers will be in a loss in the long run. What is not predictable are the results of individual games or plays and the results in the short term, so if we look at short amounts of playing. But in the long run gambling is completely predictable and has a predictable result which is a large loss in proportion to the total amount of money that has been wagered in the person's life.

Greed, desire to make money, chasing the loss and emotions are all contributing factors but the real reason is "House always wins, they got the edge against any player, so the more they play the more likely they are to lose their money statistically. But it doesn't have to be like that all the time, one can be lucky enough to win big in their only bet of their life time and get away with it or it can be a never such big win of all their life with years of betting on regular occasion, this is what we call as random and often called as luck part.

They are just behaviors that contribute to the statistical rule, but the rule is the main reason why it happens. Even if you don't have those behaviors the person will on average lose in the long run because of the house edge, it is programmed into the equation that the player must lose in the long run. Even an above average lucky player would lose eventually if he kept playing. And the examples where people win big and never come back again to play are very rare sadly.