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

[Crypto Library]

Actually is because of only that the gambling is entirely dependant on the luck here the skill or the strategy doesn't work out.

And I think we all know that our luck is not always the same, so sometimes you see two people on a winning streak, but it is not the same in the long term and that is basically the natural nature of gambling. That is why people are basically told not to consider it as a career and to take it only as an entertainment source.

So it's actually not that hard to understand why people can't always win at gambling.

[DrBeer]

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 explanation is very simple, and hardly anyone will have an argument against it. You can't plan for the long term by basing its goals on chance events !
Any casino gambler is essentially playing with probability theory. There are no linear dependencies there, no predictable options, these are purely random events.
 
To prove this, do a very simple experiment:
1. Take a dice with only 6 variants.

2. Put on the table a certain amount (let it be 100 dollars), and then do the following - order the number, throw the die and look at the result:
- If you guess, you take 1 dollar.
- If you don't guess and you don't have money, you burn 1 dollar from the pile, if you do - return 1 dollar to the pile.
 
Play and tell us about your result

[ejikeme24]

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.

These happens as a result of over excitement and lack of control, I could remember back then when I first started gambling. The day I made my first profit from gambling it was as if heaven is coming down that very day, you needed to see how excited I was. I thought the wining is going to last for a longer period I never knew its just a way to welcome me into the game, and I didn't realize that until i Loss back the whole money and the funniest part is that I even add more to the loss. After this experience then I start applying self control and I also reduce the level of my excitement.

[Hazink]

One thing I know about gambling is that when you try to make profit from it in the long run you end up losing money in total. Those who make profit from gambling are 1% of the 1% of responsible gamblers. It's not that easy to win against them in the long run because of house edge. Unless you decide to stop gambling immediately, you are lucky to win an amount that covers all your losses at once. That's the only way, because as long as you keep gambling, no matter how disciplined you are, the long accumulated loss will suppers what you have previously and will win in the future

[Proty]

One thing I know about gambling is that when you try to make profit from it in the long run you end up losing money in total. Those who make profit from gambling are 1% of the 1% of responsible gamblers. It's not that easy to win against them in the long run because of house edge. Unless you decide to stop gambling immediately, you are lucky to win an amount that covers all your losses at once. That's the only way, because as long as you keep gambling, no matter how disciplined you are, the long accumulated loss will suppers what you have previously and will win in the future

when a gambler has the mindset of wanting to make profit from gambling especially on continuous basis. They are seeing gambling as a source of income and this is wrong. There is no gambler that can be so lucky that they will always be in profit whenever they are gambling. Gambling is a game of luck and anyone that has this in mind won't always expect to be making profit from gambling at all time.

[GiftedMAN]

when a gambler has the mindset of wanting to make profit from gambling especially on continuous basis. They are seeing gambling as a source of income and this is wrong. There is no gambler that can be so lucky that they will always be in profit whenever they are gambling. Gambling is a game of luck and anyone that has this in mind won't always expect to be making profit from gambling at all time.

Gamblers knows that it's impossible for them to be profitable in gambling all the time they may wish to always make profit but the game is not programmed to always favour the players as a matter of fact players are meant to be losers while the house makes more profit from the losses of the players. That mindset keeps the players coming to play but luck gives them the little profit they make when they are lucky but it's never going to be total profit all day cause the luck doesn't happen all the time.

[sunsilk]

One way is being allied with the house through them as an investor or risk with having their token. That is for the long term.

Because gamblers are bound to lose in the long run and we know that already. Even we have that understanding, there are some times that we also win.

So being wise on how we'll spend the profit from them depends on us. A lot of gamblers forget to secure that profit because we've already forgotten how big our losses have been before.

[Sonia_123]

Because gambling is not a profitable game and that is how it has being since the inception and it was never meant to be profitable but loses that is why you are asked to gamble with whatever you can afford to lose since it is only for fun..

Most gamblers that find themselves selling off items after purchase do not have proper planning, there to understand that gambling wins are not often and should not be carried away by their emotions, they should learn how to invest their big wins properly, budget their games both in time and bankrolls without exceeding their targets always.

[Fiasem20]

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.

Basically those newbies(gamblers) that hit the jackpot are the ones vulnerable in this situation.They think because they’ve won a huge amount from their very start means they’ll be on the winning streak,in the real world gambling doesn’t reward a player for the long term because of the house edge.Aside house edge,why would most gamblers believe in long term wins and it’s quite known that the chances of winning in gambling depends by luck or chance.If you’ve built your perspective in such manner I would advise the player to quit for a short period of time and work on their financial wellbeing.

[Mate2237]

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.

Basically those newbies(gamblers) that hit the jackpot are the ones vulnerable in this situation.They think because they’ve won a huge amount from their very start means they’ll be on the winning streak,in the real world gambling doesn’t reward a player for the long term because of the house edge.Aside house edge,why would most gamblers believe in long term wins and it’s quite known that the chances of winning in gambling depends by luck or chance.If you’ve built your perspective in such manner I would advise the player to quit for a short period of time and work on their financial wellbeing.

Gambling is not what someone should bank on to be making profit consistently, because that is not really possible in the real sense anyone who has this type of mentality may be a new comer in gambling and so is vulnerable to losing money in gambling. Gambling is a tricky game this means that it will be difficult for a gambler to win back to back in a row sometimes it takes months before wining comes, so talking about maintaining profit is going to be difficult in gambling.


This is more reasons why an individual should do something reasonable with the money from gambling when luck smiles on you. The reason is that you don't know the next time that the next wining may come again.

[Joy- maker]

What i know is that no matter how good someone is at predicting sports games or playing slot games, they can never stay consistent in wining or maintain profit in the long term, there will always be time when they lose.

I always advise those who gamble never to see gambling a source of income,  or a means of survival, the moment they start seeing gambling that way it will be their downfall.  The way you approach gambling matters a lot, therefore, approach it with the right mindset.

[rachael9385]

The game is designed to favor the casino, this is because the house edge keeps the gamblers losing, so if you are the are the type of player that gambles consistently just know that you are going to lose in the long run, there are no two ways about it. It is difficult to maintain being in profits because winning is only possible through luck.

[blockman]

What i know is that no matter how good someone is at predicting sports games or playing slot games, they can never stay consistent in wining or maintain profit in the long term, there will always be time when they lose.

I always advise those who gamble never to see gambling a source of income,  or a means of survival, the moment they start seeing gambling that way it will be their downfall.  The way you approach gambling matters a lot, therefore, approach it with the right mindset.

Aside from seeing it not into that perspective, every time they make money from gambling they have to be serious in setting aside a big part of that profit. Because what they'll do is going to continue using that fund to gamble until they ran out of it. And that's why if they have made some money, they prioritize keeping a lot of it so that the casino will not take it back. Gamblers needed to be reminded heavily when they don't do it at most times. They will be humbled when they are left with nothing and that's why if the time comes for them and they've won, they have to take the money in the short term because they won't make it if they plan long term.

[Orpichukwu]

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.

It takes someone with a high level of discipline to be able to resist the temptation that comes with winning. When you have won in gambling, there is always this temptation of wanting to continue because the thrill and hope you can win the next one are always there until the losses start coming; you will always be tempted to try again.

[junder]

Maintaining profits in the long run is actually possible, but this is a challenge for each individual. The reason why this cannot last in the long run is that a win makes the player's mind think that they can get another win, so some people who have withdrawn their profits deposit them back into gambling either partially and win again or are unlucky to lose all the profits they have previously obtained.

[Odusko]

Actually is because of only that the gambling is entirely dependant on the luck here the skill or the strategy doesn't work out.

And I think we all know that our luck is not always the same, so sometimes you see two people on a winning streak, but it is not the same in the long term and that is basically the natural nature of gambling. That is why people are basically told not to consider it as a career and to take it only as an entertainment source.

So it's actually not that hard to understand why people can't always win at gambling.

People cant always win in gambling that is a fact and no one is disputing tht fact, th earlier people start taking gambling for what it is the better for us all gamblers, keep treating gambling like n investment and you keep putting money that you can not afford to lose all with the aim of profiting from the winning as an investment, but is not so gambling should be for fun and nothing else.

[Kelward]

The reason why you cannot mantain long-term profit in gambling is quite simple, it is because casino owners didn't structure gambling in a way that you will be winning most of the time so you can say that loses are inevitable. If you understand this fact then you would know that you should control your desires to win at all times, when you gamble don't see it as your right to win because what you want doesn't control the game that you're playing.

If you see gambling like fun, something that you do to enjoy yourself that is the best mindset as far as I'm concerned, it will make you not to see winnings as your primary reason for gambling. Another thing that can help you to overlook the loses that you cannot avoid in gambling is to always use small amounts that you can conveniently give out to gamble with.

[TheUltraElite]

This is because a gambler cannot possibly win money in the long term by just gambling. The casino makes sure of that by appearing as the instrument to make money right in their hands. The folly here is that the more you gamble the more you have a chance to lose and the sooner you lose the sooner you want to play again because your ego got hurt and now you are hell bent of trying to beat the casino, because hey, they stole your money - right?

Nah, the truth is that you gave the money to them at your own free will, but the ego is strong to accept that reality.

True some jackpot winners might be there. Either they have had so much cumulative losses till now that they are only barely breaking even on winning the pot or they will squander away any money they have now to come back to gambling the next month.

[Fiatless]

One thing I know about gambling is that when you try to make profit from it in the long run you end up losing money in total. Those who make profit from gambling are 1% of the 1% of responsible gamblers. It's not that easy to win against them in the long run because of house edge. Unless you decide to stop gambling immediately, you are lucky to win an amount that covers all your losses at once. That's the only way, because as long as you keep gambling, no matter how disciplined you are, the long accumulated loss will suppers what you have previously and will win in the future

I have the habit of withdrawing big wins immediately. The reason is that I don't see these wins as profit because I have lost money over the period of time. I see it as a recovery of the money I have lost over time. This has helped me to avoid loss chasing or gambling more than my budget. With this pattern, I could say I am not losing so much; I might even be in profit if I do a proper evaluation of my gambling financial transactions.  

[ArabBTC]

One major characteristic that most gamblers have is greed and this is a major challenge, once greed sets in then be rest assured that the gambler will lose more money than he has ever won, gambling is supposed to be a secondary source of incoming not where one will put all his hopes, that is where the clause gamble responsibility emanated from, most people can win now instead of them to relax a bit and enjoy their profit they will immediately broaden their need and immediately want to gamble again so as to meet up all their needs forgetting that gambling is not a certainty and at the end they will end up losing both the previous profit and their capital, if any gambler must make profits in gambling he has to first increase his stake it’s easier to win with a higher stake because one might not need to accumulate plenty games, secondly the gambler must minimize the number of time he stakes that will further reduce his chances of losing and thirdly the gambler should not be greedy, you can’t always win so don’t over predict, sometimes relax and observe for sometime before you stake.