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

[Mr_Brilliant$]

How the f would someone expect to maintain consistent profits from gambling when we all know how uncertain gambling is in the first place?
If you are looking for a consistent income stream, then go and get a 9 to 5, not gambling… The problem is that a lot of people approach gambling with too much optimism and not enough logic.. Whenever they win a few times, they will start thinking they have figured out something solid, forgetting the reality of gambling..
Gambling was never designed and will never be able to provide a stable income..

[DanWalker]

The results are mostly in favor of the casino company. And most people end up losing in the long run. But it's not that no one is profiting from gambling. Many are, but the number of such people is very small and they survive mainly through their discipline, deep analysis, risk management and self-control. The stories of  losers  do not spread as much as the stories of winners , so it seems very easy to make a profit in reality. So it is a risky activity in the hope of a sure result or as an alternative to income. If someone can make a profit, that is good, but it is not possible to make a stable profit in the long term from gambling.

In the long term gambling, the possibility of  loss is high. But it is also  true that a few gamblers profit from gambling  and can earn high amounts of money. They are  undoubtedly very lucky and the number of such gamblers is also very small. But  there is no doubt that most gamblers face losses in the long term. Casinos give a lot of ads. Especially in  the current era, online casinos have spread to a large extent. They try to attract gamblers with a lot of ads. And in the long term , casinos are the ones who profit. Otherwise, they would  not have been able to run the business.

[Outhue]

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.

You are still saying the same thing as the guys post that you quoted, everyone knows about the house edge advantage over gamblers, it's not just luck alone but also those games more beneficial to the house more, and this is why many casinos will keep standing, games providers are also responsible for why houses have edge over gamblers.

You are free to believe in your opinion but I stand on the fact that house edge is a thing too, if you are gambling on a casino always have this in mind and if you are sport fan and also someone who likes to place bet on sports then it's all about luck only.

[Crypto Library]

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.

Even if you go for the trading or business there is also loss and profit so in all kind of sector have the ups and downside, but that doesn't means that I am saying that gambling is just like the business or trading I am saying that because for an example.

In gambling we know that nothing is guaranteed and as well also here no strategy or skill will work out for winning. When it comes to gambling, there is no consistency in winning or losing. So, if we want to gamble, we must do it with that mindset.

[SPIDERMAN008]

I have rarely seen people who have consistently made more profit than they have lost in gambling over a long period of time. If you calculate the total after a long time, you may find that most gamblers lose much more than they win. But if they win, they may be able to spend their money as they please for a few days out of that greed, they keep betting with small amount repeatably .

They do not realize that after winning a very large amount, they have lost much more than they won by betting with small amounts frequently. And especially casino sites are designed and influence people in such a way that they become interested in gambling again and again. And over time, they keep losing.

However, it is possible for those who gamble responsibly and spend extra money beyond their expenses for entertainment, to survive in gambling. But when someone gambles aggressively because of their income source or the desire to win big, the situation is different. They end up losing money in the long run...

[Vaculin]

if for example they remember how painful the loss was then they should not gamble again, but the pleasure and excitement that arises from the win is so significant that it makes gamblers ignore the risks.

The solution is not “not gambling again”, but to correct the mistake, which is that we should only gamble what we can afford to lose.

It is alright to gamble regularly as long as we follow the game plan all the time, otherwise once we lose control, we risk big money and end up with losses we regret.

That is something we need to learn, because if we do not learn from it, then it could lead us to a bigger problem. It is not hard to understand if we can admit our mistakes and if we really understand what gambling is.

[Accardo]

In the long term gambling, the possibility of  loss is high. But it is also  true that a few gamblers profit from gambling  and can earn high amounts of money. They are  undoubtedly very lucky and the number of such gamblers is also very small. But  there is no doubt that most gamblers face losses in the long term. Casinos give a lot of ads. Especially in  the current era, online casinos have spread to a large extent. They try to attract gamblers with a lot of ads. And in the long term , casinos are the ones who profit. Otherwise, they would  not have been able to run the business.

Gamblers forget that casinos also lose money through maintenance and payments for workers and gaming providers, which wouldn't be possible had much players didn't lose in the process of winning big. The calculations is well curated by the house that it offers both side a better way of enduring in the business, although gamblers shouldn't see it as though it's a business, rather as a way of helping a business that offers funs a longevity of staying around, instead of going bankrupt from paying every player in the house. 

[Hardyrobust]

if for example they remember how painful the loss was then they should not gamble again, but the pleasure and excitement that arises from the win is so significant that it makes gamblers ignore the risks.

The solution is not “not gambling again”, but to correct the mistake, which is that we should only gamble what we can afford to lose.

It is alright to gamble regularly as long as we follow the game plan all the time, otherwise once we lose control, we risk big money and end up with losses we regret.

That is something we need to learn, because if we do not learn from it, then it could lead us to a bigger problem. It is not hard to understand if we can admit our mistakes and if we really understand what gambling is.

To avoid being addicted to gambling it won't be a good idea for anyone to be gambling regularly. The person may be able to have self control at the beginning and they believe that everything is perfectly fine until they realise that they can't stay a week or day without gambling. So it is best to be moderate in gambling and to always gamble with what we can afford to lose because this were so many gambler end up losing self control.
I won't advise anyone to stop gambling but rather they shouldn't make every day thing , they should set boundaries on how they gamble.

[bitLeap]

If gambling can consistently generate long-term profits, why do so many gamblers still admit to losing more often than winning?
Since the beginning of gambling, there's been no record of a gambler consistently winning without a loss. So far, I've never heard of such a thing, losing is inevitable, but winning is uncertain.

[|MINER|]

In gambling if most gamblers maintain profits in the long term that is not the natural or normal thing , I think there must be something illegal behind it if someone wins in a row in gambling because in this case it is possible to win several times in a row sometimes, but not everyone's luck is the same all the time, so it is not the case that you can always win in gambling.

And I think those who win regularly at gambling are exploiting the casino and then winning.

[UpTober]

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.

Especially when a gambler wins a large amount of money with a small amount of money, they keep trying to get more and more big wins. In this way, they gamble constantly with big hopes and at that time they gamble aggressively, and sometimes even if the result comes in their favor, they gamble again and again even if it goes against them, that is, at that time they do not understand what is wrong and what is right for them. If a gambler takes a break after winning a big win and does not gamble aggressively, but gambles wisely, then they will not face so much loss. However, as we are saying, in reality, this does not happen because then they are in a hurry and the desire to win big increases with the change of time.

[LastKiss]

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.
~snip~

The more uncontrollable our spending is the more we lose in gambling even when we're very confident in our bets. That's why it's important to always control how much money we spend on gambling even if we lose in the long run, at least the losses will remain within an acceptable limit. Addiction also plays a major role in making gamblers lose more cause if they are not addicted, they won't sell their belongings just to keep gambling, instead they will manage their money carefully and gamble responsibly so never underestimate gambling addiction, because it can destroy everything we have until nothing is left.

[$weetne$$]

Winning in gambling is on rare cases consistent and so for something that rarely generates income, maintaining profit will be difficult to the point of becoming unreal in some cases, you only expect that consistency with profit in sources where there is some sort of assurance about the income as gambling gives you no winning assurance for profits.

So even with all the discipline and careful habits a gambler may put in place, if they are not lucky often to win, they will still suffer low profit maintenance in the long term, luck is a critical part of gambling.

[Woodie]

There are many reasons people lose money when it comes to gambling... Firstly lacking the art of mastering the art of withdrawing is one of them because people increase their risk appetite after a good run of games which is only good when the winning continues but bad when you don't win after increasing your risk **technically more greed** !

People use emotions when gambling, when you remove this part you will think clearly!

People start to make budgets even before the winnings are secured, this mentality just puts you under pressure and you won't play freely..

[danadc]

Because gambling wasn't invented for everyone to win, gambling was invented as a form of entertainment for everyone except children and teenagers. It was created as a business for the owners to profit. In the long run, any player loses because that's how gambling is. That's why you can't see gambling as a way to get rich or become a millionaire; it's not for that. You can win, but it's not guaranteed.

[Royal Cap]

Well not all gamblers lose money just because of greed or emotion. When someone suddenly wins a large sum of money at the beginning, they start to think that their skills are bigger than luck and increase the amount of bets.  Like people who suddenly become millionaires in the lottery become bankrupt again within a few years, because they do not understand the proper use of free money or risk management. Another thing is that many people withdraw profits but later return, because then they are more attracted to that excitement and feeling than winning money. So in the long term the issue is not only money management but also mindset management.

[Dr.Bitcoin_Strange]

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.

Even in the history of other players, we can tell that there were few gamblers who was actually successful but same gambling also ruined them, one can be successful with their skill and combination of luck but having that consistent win on a long run without applying risk can as well make the person lose back all that they have made back to the casino. A gambler can't control the outcome of the games they play so what do they think they can win always?

[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.

Even in the history of other players, we can tell that there were few gamblers who was actually successful but same gambling also ruined them, one can be successful with their skill and combination of luck but having that consistent win on a long run without applying risk can as well make the person lose back all that they have made back to the casino. A gambler can't control the outcome of the games they play so what do they think they can win always?

Dont mind them, some persons just overlook all these facts and it is not if they do not know some of this things, I have heard people talking about consistency in gambling as the way to win more and my question has been how do they know that if they gamble consistently that they will win more since no one has the control to what will happen at the end of any gambling session, winning in gambling emains luck and a touch of strategy and what works for every gambler is luck, so people should take note of things like that and stop thinking that thinking that they can outsmart the house.

[Lannakosa]

You are still saying the same thing as the guys post that you quoted, everyone knows about the house edge advantage over gamblers, it's not just luck alone but also those games more beneficial to the house more, and this is why many casinos will keep standing, games providers are also responsible for why houses have edge over gamblers.

You are free to believe in your opinion but I stand on the fact that house edge is a thing too, if you are gambling on a casino always have this in mind and if you are sport fan and also someone who likes to place bet on sports then it's all about luck only.

In sports betting, the bookmaker's advantage over the player is generally smaller than in many other gambling games because the bookmaker can't know in advance which bets a customer will place or which team they will choose. In slot machines, on the other hand, the game provider has already built a specific return to player percentage into the game. Over the long run, a certain share of the money wagered is paid back to players as winnings, while the remainder stays with the casino. As a result, the casino's expected profit is much more predictable.

That's why everything is much more predictable there, and I don't think the casino is taking any risks, it's simply making money. In betting, there's a risk that a player could win a huge amount, and the bookmaker would have to pay it out.

[Rockstarguy]

How the f would someone expect to maintain consistent profits from gambling when we all know how uncertain gambling is in the first place?
If you are looking for a consistent income stream, then go and get a 9 to 5, not gambling… The problem is that a lot of people approach gambling with too much optimism and not enough logic.. Whenever they win a few times, they will start thinking they have figured out something solid, forgetting the reality of gambling..
Gambling was never designed and will never be able to provide a stable income..

It is so sad that some gamblers expect so much from gambling, and the truth is this can't be achieved in gambling. Gambling is a game of loss and win, and it is impossible to win in the long run because you can't completely ignore loss in gambling. Gambling can't be predicted, and when you gamble, your outcome is either a win or a loss.

The chances of losing in gambling are greater, and it is impossible to expect constant wins in gambling. For those who think they can make it, it is just a big trap that will cause them to lose more, which ends in regret.