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Author Topic: If you see gambling as investment, you will keep losing.  (Read 634 times)
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Today at 06:26:16 AM
 #101

Gambling is never an investment for the gambler. It you are investing in the casino bankroll then only it is a long term investment.

Otherwise what we commonly know as gambling, it is a loss making fun game, it should be limited to that only. If you actually make some money from it, spend it on something other than gambling and dont do back. That is the only way you can ensure you have made and not lost money.

Investments will grow over time and the bankroll investment is similar. Very few sites are offering it anymore, but one can always consider building their own casino.

 
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Today at 06:29:11 AM
 #102

There is no way you can take gambling as an investment and end up succeeding because it's a game of wins and losses, you cannot really tell when you are going to end up losing more because you would be desperate to make profit. Gambling wasn't really designed to be a source of income like a lot of people take it to be, there is a big difference between gambling for profits and gambling to create a constant source of income. No matter how much money you think you can win from gambling it's important to remember that it can't be an investment.

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Today at 06:36:12 AM
 #103

This topic is also part of how you can control your gambling losses.

So the idea is this, investment is what you do with precision, not relying on luck  And sometimes, in some investment you don't lose everything. Like you can insure your investment and when it fails, you get the insurance company to come in, depending on the insurance product you signed for. Apart from insurance policy in your investment, some investment generally may still give you room to regain part of your investment and avoid total collapse.

But if you treat gambling as investment, you will see yourself chasing back what you are losing because at every gambling game, either you have a loss or you win but the number of losing outweighs your winning chance as the house edge and luck will likely go against you.

Therefore, it is better to limit your stop time or amount and resolve to treat gambling as entertainment, not investment.

How do you handle your gambling? You see it as investment or entertainment?
I see it as a means to make a few extra cash but not enough to treat it as a source o income for myself, it's not an investment, I've never treated it as one and I don't believe I ever will, looking at gambling as an investment that will pay off eventually is the very same thing that has dragged some many into gambling addiction and some of them are still telling themselves till date they their time to win is still coming, the misunderstood what gambling was and now they can't shake that false mindset from themselves, gambling should never be treated as an investment.

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Today at 06:39:04 AM
 #104

I don't even think it is possible for someone to treat gambling as an investment when they know that the chances of losing are always higher than the chances of winning. However, if there are people who see gambling as an investment, I view such people as not thinking properly.How can someone see gambling as an investment? Most of the people I have come across who lose money in gambling do not always see it as an investment. Instead, they approach it as a way of trying their luck, hoping that luck will be on their side. Even with that mindset, they still lose. After losing some money, they are usually willing to recover it, and in the process, they continue losing even more.If anyone takes gambling as an investment, it could have serious consequences for their life because that idea may lead them to lose money quickly and make wrong decisions. Gambling should be seen as entertainment, and that is all
If you are still having difficulty in believing how some people's go about with the gambling things and to crown it all even as an investment then you haven't seen crazy gamblers yet. Some People are so daft to and extent that they can't even use their common sense while doing things. If not tell me why a normal person will want to invest in gamble while their are some many legit investment deals out there like Bitcoin and other's that they can invest in if really that's the plan.

However, those that gamble for fun which is the primary purpose of gambling rarely have issues, you hardly see them complaining of multiple lossing streak why because they have got the perfect Bankroll strategy, and they always ensure to back off as of when due to avoid further lost. It's certain that when we aren't doing the right thing their is every tendency of having issues along the line, therefore the first thing is to deal with our poor mentality if we really want to get it right in our gambling life.

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Today at 06:57:58 AM
 #105

Quote
Gambling (also known as betting or gaming) is the wagering of something of value ("the stakes") on a random event with the intent of winning something else of value, where instances of strategy are discounted. Gambling thus requires three elements to be present: consideration (an amount wagered), risk (chance), and a prize. The outcome of the wager is often immediate, such as a single roll of dice, a spin of a roulette wheel, or a horse crossing the finish line, but longer time frames are also common, allowing wagers on the outcome of a future sports contest or even an entire sports season.
source: en.wikipedia.org/wiki/Gambling

with that being said, it sounds silly to see gambling as an investment. i've never seen it that way, nor do i think i've ever met someone who does. for people who somehow interpret gambling as investment, i truly believe they do it out of ignorance, as Socrates held, no one does wrong willingly; they do it because they don't know any better
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Today at 07:09:30 AM
 #106

If we talk from the point of view of risks, then investments can be more or less risky. For example, a conservative investment portfolio consists of reliable investments such as treasuries (although this is no longer so reliable) and other assets such as gold, blue chip stocks, etc. Can a casino deposit be considered an investment? Only as an investment with the highest risk Cheesy

But actually, of course, gambling is not an investment at all, it is a separate part of social life. In a broad sense, the game is a necessary element of human life. Games have accompanied a person since childhood. Games are not always safe. Gambling also carries the risk of addiction. That's why the right attitude to gambling is so important.

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Today at 07:12:41 AM
 #107

Unfortunately every beginners in gambling reasons this way, they believe that gambling is one of those ways to get rich faster, so they start risking everything they can get on gambling like it's some kind of investment. Gambling is the last thing you must do after investing in good assets in the world and paying all your bills, gambling is something you do last, not the first.

Gambling is very risky, if you don't understand what gambling truly is you are going to become like the rest of gamblers who have nothing going on in their lives than working so hard and wasting every penny on gambling, and this doesn't mean that they will have anything to show for it as a gambler. Don't venture into something you don't understand.

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Today at 07:47:59 AM
 #108

~ How do you handle your gambling? You see it as investment or entertainment?

To me, treating gambling as an investment is the same as treating film-going as an investment. When you go to watch a film, a great idea may strike you on the way to the theater, on the way back, or even while watching the film. Later, you might make a lot of money because of that idea... Yes, it can happen, but the chances are so small that relying on it is stupid.

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Today at 08:11:13 AM
 #109

By considering a casino as basic investment group of assets or a betting slip as a financial group of assets, one is setting themselves up for failure. With real investing, you can protect money or sell assets, or you can protect against risk if a business you are invested in begins to fail. If you dont hit rare winning combination, your money is as good as gone when you place bet, in my opinion. I think it should be viewed as entertainment and a cost of entertainment, as in paying for movie ticket, as the only way to be healthy about it. As soon as you give it "real" money status, you lose any emotional control and you are on a chase to make up for losses. Putting time limits and set budgets make it fun without hurting financial safety.

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Today at 09:40:47 AM
 #110

I think is a wrong notion to see gambling as an investment, though it involves putting in money, and expecting financial reward, but the high level of risk involved makes it difficult to grant gamblers financial freedom. Most of the gamblers looses money in most cases, and very few gamblers can boost of being on profit.
Their are some gamblers who sees gambling as a place where they can make easy money, but unfortunately this idea failed many because it doesn't really happen that way.
Anything investment will also boost your financial life, you can invest in a business that can fetch you money on daily bases or  invest in assets that can fetch you money on the long run. So on no account should any gambler take gambling as an investment, because that idea is always failing gamblers.

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Today at 09:45:28 AM
 #111

It's what many gamblers have tried to do, I guess they all failed because I've never seen any gamblers giving us good news about how they have managed to make money for a long period of time as a gambler.

Every win is a luck, if you believe this you will enjoy been a gambler, gambling is far from anything related to investment, in fact I would choose Ponzi schemes as a confused investment plan than gambling, they are not even the same.

Gambling shouldn't be taking hundreds of dollars from your pocket, unless you are making thousands per week, if disappointment had a baby it would be named gambling.

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Today at 10:38:55 AM
 #112

I think that if you want to play the role of a trader or invest money somewhere, there are already proper fields and opportunities for that. Gambling should not be treated or compared to a reliable way of earning money. Yes, you may earn something from gambling, but I do not think the result will truly satisfy you compared to the resources invested, such as time, money, and nerves. It is better to leave gambling as a form of entertainment. And if you do not yet know other ways to make money, it would be much more useful to spend that time searching for information and opportunities that could bring you both profit and genuine satisfaction from your work.

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Today at 11:23:56 AM
 #113

~ How do you handle your gambling? You see it as investment or entertainment?

To me, treating gambling as an investment is the same as treating film-going as an investment. When you go to watch a film, a great idea may strike you on the way to the theater, on the way back, or even while watching the film. Later, you might make a lot of money because of that idea... Yes, it can happen, but the chances are so small that relying on it is stupid.

That's the reason this is not good mindset to have, because imagine the cost of those wrong thinking they have. Then it might cost a lot from them if unfortunately they lose control on themselves.

If they don't know what they are dealing to, much better to ask an advice to those people have knowledge on gambling or maybe on other things they like to participate. Because with that maybe they could get clear insights on how to do proper approach on the current activities they like to join.

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Today at 11:31:09 AM
 #114

I think that if you want to play the role of a trader or invest money somewhere, there are already proper fields and opportunities for that. Gambling should not be treated or compared to a reliable way of earning money. Yes, you may earn something from gambling, but I do not think the result will truly satisfy you compared to the resources invested, such as time, money, and nerves. It is better to leave gambling as a form of entertainment. And if you do not yet know other ways to make money, it would be much more useful to spend that time searching for information and opportunities that could bring you both profit and genuine satisfaction from your work.


Personally, I don't treat gambling as an investment neither did I treat it as an entertainment because it is far from these things so even though I gamble to make profit (more money) I don't see it as an investment or a way of making livelihood because it is not. Some of the people who sees it or approach it with the entertainment mindset still complain at some point because of losing on a streak and those who I so much pity are those who take it as a source of income or investment.











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Today at 11:33:39 AM
 #115

I think that if you want to play the role of a trader or invest money somewhere, there are already proper fields and opportunities for that. Gambling should not be treated or compared to a reliable way of earning money. Yes, you may earn something from gambling, but I do not think the result will truly satisfy you compared to the resources invested, such as time, money, and nerves. It is better to leave gambling as a form of entertainment. And if you do not yet know other ways to make money, it would be much more useful to spend that time searching for information and opportunities that could bring you both profit and genuine satisfaction from your work.


Personally, I don't treat gambling as an investment neither did I treat it as an entertainment because it is far from these things so even though I gamble to make profit (more money) I don't see it as an investment or a way of making livelihood because it is not. Some of the people who sees it or approach it with the entertainment mindset still complain at some point because of losing on a streak and those who I so much pity are those who take it as a source of income or investment.
The only time that gambling would be only an investment is on the time that you are investing into the house iteself or simply on its bankroll and getting that share of profits, or simply you are the owner of the said platform or casino on which we know that this is the only way you can earn money but if we do speak about being a gambler or player? Then you are just that basically the ones who do keep on feeding these business owners because gamblers would really be always keep on losing and thats the reality..This is why never ever think up yourself on making money with gambling or thinking about being an investment because you will really be making yourself that being desperate on which you do keep on playing because you are expecting something in returns or wins on which we know its impossible considering that is heavily relying with luck. Play on the amount that you can afford to lose and never ever go beyond your limits if you dont want to mess up your life with it.

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Today at 11:46:01 AM
 #116

If we talk from the point of view of risks, then investments can be more or less risky. For example, a conservative investment portfolio consists of reliable investments such as treasuries (although this is no longer so reliable) and other assets such as gold, blue chip stocks, etc. Can a casino deposit be considered an investment? Only as an investment with the highest risk Cheesy

some people consider sports betting as an investment in their knowledge. for example, many people watch the World Cup and some believe they can predict the winner of a single match or the entire tournament. I believe the risk in this case can be justified but bets should be limited to amounts that won't be critical for the player. and the statement that betting is an investment with the highest risk is entirely valid.

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Today at 12:03:29 PM
 #117

If we talk from the point of view of risks, then investments can be more or less risky. For example, a conservative investment portfolio consists of reliable investments such as treasuries (although this is no longer so reliable) and other assets such as gold, blue chip stocks, etc. Can a casino deposit be considered an investment? Only as an investment with the highest risk Cheesy

some people consider sports betting as an investment in their knowledge. for example, many people watch the World Cup and some believe they can predict the winner of a single match or the entire tournament. I believe the risk in this case can be justified but bets should be limited to amounts that won't be critical for the player. and the statement that betting is an investment with the highest risk is entirely valid.

Betting is not an investment no matter how some people may decide to narrate it because success is entirely tired to a gambler lucks which is not same with investment. An investment success has nothing to do with luck . When a gambler believe that betting is the same as investment that the only difference is the risk then they are likely saying that luck doesn't play part in winning while betting which is very false. When a gambler has the.mindset that betting is investment then they doom to lose all there money and time in betting.

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Today at 12:22:16 PM
 #118

Considering gambling as an investment is a mistake which in my opinion is not much like making it as a source of income, this will not work for sure even if we do it as hard as possible but winning is a random thing, we can get a win with minimal effort and vice versa we can lose by trying as hard as possible so anything can happen in gambling but obviously losing is the most dominating thing and will be the most experienced by anyone who gambles even in my opinion those who are professionals in gambling do not mean they win more often.
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Today at 12:38:02 PM
 #119

This topic is also part of how you can control your gambling losses.

So the idea is this, investment is what you do with precision, not relying on luck  And sometimes, in some investment you don't lose everything. Like you can insure your investment and when it fails, you get the insurance company to come in, depending on the insurance product you signed for. Apart from insurance policy in your investment, some investment generally may still give you room to regain part of your investment and avoid total collapse.

But if you treat gambling as investment, you will see yourself chasing back what you are losing because at every gambling game, either you have a loss or you win but the number of losing outweighs your winning chance as the house edge and luck will likely go against you.

Therefore, it is better to limit your stop time or amount and resolve to treat gambling as entertainment, not investment.

How do you handle your gambling? You see it as investment or entertainment?

Any gambler who sees gambling as a source of investment is causing harm to himself because gambling was created as a means of deriving fun and entertainment and where you can free yourself from boredomness from our daily activities so investing in gambling will not only wreck the person but will also make him go bankrupt and depressed when he looses his money on bets or when he experiences long time loosing streak.

The mistakes most persons make is depending on gambling as a means for survival, they literally feel they have gotten a job just because they were lucky to win two or three times and they think they will continue to win always forgetting that there are times as a gambler you won't win and will be experiencing more looses and in other to recoup your losses you will be tempted to chase your looses and that's how you will keep loosing more money in the process. I don't see gambling as investment it's just a means of making profits and having fun.

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Today at 01:11:22 PM
 #120

It does not matter what you see gambling as what, whether as investment, as entertainment, even as a job (source of income) or as any other things, the result will always based on our luck.
Lets say you see gambling as source of income or investment, it does not guarantee that you will keep losing but of course the chance of gambling in general is that you lose more than you win.

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