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

[Yablee0]

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

This is the fastest and quickest I can see on this thread, good one.  You're right, what ever that is practically built on luck bases can't stay long, perhaps it can not actually stay for a long time, maybe temporary. So the best we can do is to enjoy it or take proper advantage of it while it lasts.  Another thing is that, gambler intend chasing winning even when it's not coming as usual, we sometimes think we can influence it by our power or whatever, little do we know that the more we keep on trying to force it is the more lost we keep having.  Therefore, the much we can do is to gamble with the little we have and with less expectations, then if lucky enough to be in the winning side then we are good but if the reverse is the case then no need of asking why because that's how the game is.

[coin-investor]

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.

That's because they thought that their strategies could beat the house; they thought that they had done it once or twice, they could do it over and over again; they never considered that their winnings came from luck, and the house has an edge over them, so the longer they tried, the more the house wins over them.
No gambler can maintain their profits, so they should play wisely rather than aggressively. Wise means knowing when to stop and knowing what to do with their winnings.

[Jody.Drummer]

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.

That's because they thought that their strategies could beat the house; they thought that they had done it once or twice, they could do it over and over again; they never considered that their winnings came from luck, and the house has an edge over them, so the longer they tried, the more the house wins over them.
No gambler can maintain their profits, so they should play wisely rather than aggressively. Wise means knowing when to stop and knowing what to do with their winnings.

You’re right, some people don’t care about luck and keep chasing the impossible, like winning at gambling, which essentially depends on luck. People who chase gambling wins are certainly ignoring the luck they should be paying attention to, because, as you said, the wins they can achieve depend on luck. Maintaining long term wins or winning consistently is an impossible feat, especially since the odds of winning at gambling are inherently low.

[Byebyebtc]

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.

It takes a mentally strong person to be able to overcome the temptation of wanting to recover losses, it's a totally natural urge to recover losses, and it okay, it's a good instinct that all humans have, but when it comes to gamble it becomes dangerous, its just like using the right tool for the wrong object in my point of view.
Recovering losses is good, allowing the instinct in gambling is when it becomes wrong, so don't forget to appreciate that urge

[Insanity]

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.

That's because they thought that their strategies could beat the house; they thought that they had done it once or twice, they could do it over and over again; they never considered that their winnings came from luck, and the house has an edge over them, so the longer they tried, the more the house wins over them.
No gambler can maintain their profits, so they should play wisely rather than aggressively. Wise means knowing when to stop and knowing what to do with their winnings.

I agree. Early wins produce overconfidence, and one of the largest reasons gamblers don't maintain profits is because of this. Some will start to think that they have a winning system and will bet more, as soon as it starts working, forgetting about the luck and house edge. Rather than making a profit, they continue to strive for more wins and more big wins, only to end up losing it all. Occasional winners make long-term losers by simply being disciplined. In order to avoid giving everything back. It is important to set limits, take profits. And realize that gambling is supposed to be a form of entertainment and not a means to get money.

[Churchillvv]

Gambling is not trading, strategy may work but not for a long time hence it’s obvious a game made for people to loss and not for the casino or gambling site owners to loss, like you referenced people with the need to make money in short term end up not making at all or even loss more because they gamble over their emotions and have no clue what they are putting money on but because their is a probability of win so they stake. It’s only good to gamble with what you can afford to loss which means you're not in the position to gamble if you can’t take losses and if you’re able to win, the right thing to do is cover your losses than try to multiply what you have gained from the gambling that only leads to the destructive path which people run into debts.

[AmaGold70]

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.

Maintaining long term profit in gambling can be difficult most times, and it is so because of uncontrolled emotions. Most gamblers find it very difficult to maintain a particular pattern of gambling, even though it gives them more advantage of winning their bet. One thing is very sure once a gambler begin to record regular winning, he or she will no longer be satisfied, they will like to win more, and will possibly lead them to increase their number of selections without even knowing the risk involved. In gambling, the more you increase your selections in other to increase potential profit, the more the risk of loosing of loosing your bet, and these are some of the reasons why gamblers find it very difficult to maintain long term profit .

[Orpichukwu]

GREED

They cannot control theirselves ebecause their greed how start to be overshadowing their reasoning. When a greedy gamblers have profit after plenty times of losing, that gambler start to be thinking that there is a second chance for luck and  that there will be more profits to come .That can make the person to make another bet again and keep on going to chase some profit .And that is where the problem starts, because the gambler will stop gambling responsibly and start to be chasing loss . And when when the profit comes, the person will keep pushing g before they belie more ewin will come

This greed we are talking about here is in every gambler's life; how they control it is all that matters. Some are less greedy, while some are very greedy. When we win in gambling, the temptation of wanting to try again is always very there, but the ability to control it is all that matters, especially when there is a winning streak. We all get tempted to see what the next game will look like using the same staking power, but the greedy one can try to increase their stake amount just to get a higher win, which is where they lose it easily.

[sompitonov]

This greed we are talking about here is in every gambler's life; how they control it is all that matters. Some are less greedy, while some are very greedy. When we win in gambling, the temptation of wanting to try again is always very there, but the ability to control it is all that matters, especially when there is a winning streak. We all get tempted to see what the next game will look like using the same staking power, but the greedy one can try to increase their stake amount just to get a higher win, which is where they lose it easily.

I also won and realized that maintaining my winnings was extremely difficult, and all because I started to think that if I continued, I could win that much again. But this is a simple trap in our brains, one we create for ourselves. Of course, I understood the experience of other players, and that you shouldn't just stop playing, but the desire for the unknown and to test it in reality was stronger than anything else, and I couldn't resist it, so I continued playing and lost all my winnings. I think many players experience a similar path.

[AmoreJaz]

This greed we are talking about here is in every gambler's life; how they control it is all that matters. Some are less greedy, while some are very greedy. When we win in gambling, the temptation of wanting to try again is always very there, but the ability to control it is all that matters, especially when there is a winning streak. We all get tempted to see what the next game will look like using the same staking power, but the greedy one can try to increase their stake amount just to get a higher win, which is where they lose it easily.

I also won and realized that maintaining my winnings was extremely difficult, and all because I started to think that if I continued, I could win that much again. But this is a simple trap in our brains, one we create for ourselves. Of course, I understood the experience of other players, and that you shouldn't just stop playing, but the desire for the unknown and to test it in reality was stronger than anything else, and I couldn't resist it, so I continued playing and lost all my winnings. I think many players experience a similar path.

That's the dilemma of most gamblers, they just want to continue their game despite of winning some. Because they think that they can win more, but most of the time, they lose it all again. Hence, the desire to play again is there. Greed is human nature and so you can't escape from it.

[Yeesha]

I agree. Early wins produce overconfidence, and one of the largest reasons gamblers don't maintain profits is because of this. Some will start to think that they have a winning system and will bet more, as soon as it starts working, forgetting about the luck and house edge. Rather than making a profit, they continue to strive for more wins and more big wins, only to end up losing it all. Occasional winners make long-term losers by simply being disciplined. In order to avoid giving everything back. It is important to set limits, take profits. And realize that gambling is supposed to be a form of entertainment and not a means to get money.

Considering your stability is very important, because emotional instability can generate greediness, and just small wins can trigger your sense of hormones, and you will be thinking that you are safe and you will become more confident in yourself. This is make you or encourage you to keep going and stake as much as possible you can to ensure you earn huge amount of money. At this point two harmful things must happen, you will get addicted to it and lose so much money.

Gambling is not trading, strategy may work but not for a long time hence it’s obvious a game made for people to loss and not for the casino or gambling site owners to loss, like you referenced people with the need to make money in short term end up not making at all or even loss more because they gamble over their emotions and have no clue what they are putting money on but because their is a probability of win so they stake. It’s only good to gamble with what you can afford to loss which means you're not in the position to gamble if you can’t take losses and if you’re able to win, the right thing to do is cover your losses than try to multiply what you have gained from the gambling that only leads to the destructive path which people run into debts.

Is it impossible to develop or think of any strategy that will work for a gambler, I don't think gambling requires any strategies because it only operates with luck. A gambler might lose or win big it all depends on luck. The things a gambler can do to minimise the effects of loss and also to avoid any mental health issues is to gamble responsibly with little amount of money.

[Sandra_hakeem]

After reading the topic, a lot of questions came into my mind to ask, but let me keep it straight with the flow on this thread.
To be frank, there's no connection between those two strong words in gambling--- 'profits and maintain.' I haven't read the OP but topics like these makes me wonder if most people truly understand how gambling works.

Greed is human nature and so you can't escape from it.

Hundreds of other traits are part of human nature, but don't be the famous Michael Jackson that gave an excuse in one of his songs, ehh, about the human nature I think. These traits can be controlled and you know it.

[StarenseN]

House edge? If you bet 100 dollars on double odds, you either get back 199 dollars, or you lose 100 dollars. As you can see, that is 1% house edge, meaning that you won 99 dollars not 100 dollars, that 1 dollar difference is the reason you would lose it all.

If you gamble 200 times, and win 100 times and lose 100 times just like you should, and there is no deviance from the normal expected number, at 50%, you would lose 100 dollars as a whole, even though you won exactly the same as you lost.

[PhilosopherKing]

This greed we are talking about here is in every gambler's life; how they control it is all that matters. Some are less greedy, while some are very greedy. When we win in gambling, the temptation of wanting to try again is always very there, but the ability to control it is all that matters, especially when there is a winning streak. We all get tempted to see what the next game will look like using the same staking power, but the greedy one can try to increase their stake amount just to get a higher win, which is where they lose it easily.

I also won and realized that maintaining my winnings was extremely difficult, and all because I started to think that if I continued, I could win that much again. But this is a simple trap in our brains, one we create for ourselves. Of course, I understood the experience of other players, and that you shouldn't just stop playing, but the desire for the unknown and to test it in reality was stronger than anything else, and I couldn't resist it, so I continued playing and lost all my winnings. I think many players experience a similar path.

That's the dilemma of most gamblers, they just want to continue their game despite of winning some. Because they think that they can win more, but most of the time, they lose it all again. Hence, the desire to play again is there. Greed is human nature and so you can't escape from it.

having desire to play again is not an issue if the person gamble with what they can afforded to loose. A gambler should know that gambling is not guaranteed and when they want to use a money, the person should make sure that the money that they use is the money that would not affect their normal life if they loose the money .

From experience I know that when person is gambling and winning there is this excitement to want to come back. But when that urge make the person to start gambling with the money they are supposed to use for important needs, that is then a big problem.

[hedgeh0g]

That's the dilemma of most gamblers, they just want to continue their game despite of winning some. Because they think that they can win more, but most of the time, they lose it all again. Hence, the desire to play again is there. Greed is human nature and so you can't escape from it.

Of course, greed has an overly strong influence on many players, but that doesn't mean players need to work on controlling greed, emotions, and other factors that can affect their play. Moreover, it directly impacts our wins and losses, so the sooner we start thinking about it, the less we'll lose—this is important for every player. Also, when entering a game, it's important to think not only about the current gaming session but also about future games over the long term. Those who think this way often turn out to be more successful than players who don't.

[rachael9385]

Every win should be a win, but if you have already risked a lot and what you win can't cover for your past losses you will feel terrible, and that's why it's best to not end up been someone who will have to calculate his past spending on gambling.

This is very important for a lot of gamblers to understand, every win is a win no matter how small it might be, there is no gambler that would say that they haven't made profits at one point or the other in gambling but the reason why they think that they haven't gotten anything from gambling is because they compare their results with others.

[Bigjoe33]

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.

Off course, it's a business for them, and they must make profit, so gamblers must lose so they can win and grow financially.

How do you continually win games when you are marely predicting and not sure of the outcome. It's called gambling, and coming to the reality of the meaning will help you control your play and play responsibly. If you win today, you have no guarantee of winning tomorrow, next or even in the coming weeks or months. Gambling is gambling, and gamblers must always lose. Gamblers should take off hopes from expecting winnings anytime they bet, this is a very big misconception that makes them suffer

[Orpichukwu]

This is very important for a lot of gamblers to understand, every win is a win no matter how small it might be, there is no gambler that would say that they haven't made profits at one point or the other in gambling but the reason why they think that they haven't gotten anything from gambling is because they compare their results with others.

If you are talking about profit based on how much you staked and how much was won, it's easier, and many have had that multiple times, but if we are to go about it with the overall winning and losing even if it's for a monthly period, many are not satisfied with the result. Let's keep comparing with others' winnings aside.

[Lannakosa]

Of course, greed has an overly strong influence on many players, but that doesn't mean players need to work on controlling greed, emotions, and other factors that can affect their play. Moreover, it directly impacts our wins and losses, so the sooner we start thinking about it, the less we'll lose—this is important for every player. Also, when entering a game, it's important to think not only about the current gaming session but also about future games over the long term. Those who think this way often turn out to be more successful than players who don't.

Maybe you’re right, if everyone thought about the fact that they still have hundreds of bets ahead of them, they probably wouldn’t rush into placing a large bet right now. Because if that big bet loses, you then have to find money again for the next bet. On the other hand, if you divide your bankroll across dozens of bets, a single loss may end up meaning very little, since there will be many more opportunities to win and recover those losses. Greed, pushes players to place large bets because it creates the impression that you can win a lot of money quickly. In reality, though, that is often the fastest way to lose a lot of money.

[Creeper0]

This is the basic cycle of gambling, you give the casino some money - the casino gives you a big win - you get hooked on gambling - the casino takes all your money and gets their money back and makes a profit.

No matter what casino you look at, they are profitable even after giving bonuses to all new users. The reason is, they get back to their users several times what they give. While this is not possible for everyone, they never suffer losses in the long run.