Is Gambling a Losing Game in the Long Run

[Maslate]

It would be a losing game if you are simply gambling for fun and entertainment, but if you are seriously into gambling, acquired knowledge and develop high-end skills and strategies that are proven to work in gambling, hence you don't gamble only to lose in the end, you are gambling to win and make the most of the profits.

Although there are no winning guarantees, but that does not mean that you can't win at all and beat the house edge in the end. It's all about luck and strategies working together. Don't just chase your luck after, because that will surely put you on your losing end.

[Grace333]

My brother was actively involved in online gambling casinos and gambling for about three years. During that time, he invested a lot of time and money and he also gained considerable experience with casino games.

Point of correction, gambling is not investing irrespective of the fact that you could get lucky and win a substantial amount, this is one of the mistakes alot of bettors make by categorizing gamble among investment opportunities.
It doesn't promise you a win or even a fair result, besides casinos only say it's probably fair but most people get caught up with the word fair leaving the "probably" for hell knows who.

quote author=Lodas231g9 link=topic=5589795.msg66991071#msg66991071 date=1785336893]
However after those three years, the result was that he lost most of what he had.
Watching his experience led me to believe that, in the end  people who engage in gambling usually end up losing..
[/quote]
3 years is a whole lot of time before someone realizes that he's been playing a rigged game which obviously wasn't designed for his benefit. I can't imagine the damages lack of information has caused alot of bettors with high hopes.

[KiaKia]

Probably, if you are greedy, if you are a dreaming gambler, if you are someone who is determined to make a lot of money through gambling, of cos you will be in that position of losing on the long run.

Sometimes I've always said that whatever gambling gives you it always take later if you don't have discipline and if you don't know how to quit, this is because every winners always end up been a loser in gambling, it's because they don't know how to quit.

The best way to come out with flying colours from gambling is to win big and never go back, and this is impossible for 95% of gamblers today, meaning that most will never win.

[Frankolala]

Watching his experience led me to believe that, in the end  people who engage in gambling usually end up losing..

To be honest, you are on the right track; gambling winnings are less than how many times a player loses in the long run. Only a few percentages of players are lucky enough to be winning in the long run, so thinking about gambling that way is safer, as you have to keep it at the back of your mind and only risk what you know you can lose without having the expectation that the money will multiply. it’s a sad reality many refuse to accept.

Some gamblers that were able to hit it big couldn't even use the money to change their lives because they're greedy. Instead, of quitting and invest the money, they thought they can make more profit and wanted to win a bigger amount which made them lost it all. Don't be greedy and accept whatever, profit you made even though, it's little. Gamble for fun.

[YOSHIE]

Watching his experience led me to believe that, in the end  people who engage in gambling usually end up losing..

The fact is, maybe everyone knows that gambling is one of the activities of everyone involved, they have to risk their money or valuable assets that they have on one event in the game, which many gamblers never know the outcome is clearly uncertain, I'm sure we all know that.

But you need to understand, gambling is a business, company, industry, of course none of these three have the desire to lose, what they want is long-term profits, For this reason, gambling games are designed in such a way that players always lose and trigger addiction, that's how the algorithm system is designed, but only ourselves can understand and withdraw and with self-awareness so that we don't get trapped in a further circle of being loyal to the game.

[Mhizlove]

My brother was actively involved in online gambling casinos and gambling for about three years. During that time, he invested a lot of time and money and he also gained considerable experience with casino games. However after those three years, the result was that he lost most of what he had.

Watching his experience led me to believe that, in the end  people who engage in gambling usually end up losing..

Actually, I get why you end up concluding after watching your brother's experience. Also, a lot of people go into gambling with the mindset of making quick money from it, but most times the reverse is the case and at the end of the day they end up losing. The most painful part is that they don't just lose the money they use in gambling but also the time, their mental health and peace of mind, because of the belief that they will recover everything in the next bet. For me, I will say, as someone who wants to gamble, you should see it as entertainment or fun and not a source of making quick money, because once you begin to put all your hope that it will solve your financial issues, the risk of you ending up with more losses will definitely increase.

[Saltysugar99]

There is no guarantee that even after years of gambling, one will  become experienced and will not lose money but will continue to win consistently. The amount of loss in gambling depends on the amount of money you are betting. If you cannot bet responsibly within the limits in gambling, then this experience is of no use. And I have never heard of any story of someone winning consistently in gambling. But there are many cases where many people have completely ruined their financial situation in gambling. The main reason for this is that if you make decisions based on emotion and become addicted to betting, the amount of loss will increase as time goes by. In that case, if you bet for 3 4 years, instead of becoming experienced, you become more addicted and increase the amount of loss. In betting, only those who understand their own capabilities and bet can be called wise and experienced. Betting for entertainment purposes where he will easily accepts losing and bets within  limits. As a result, he can control of the amount of losses. This protects from major losses in the long term.

[Hispo]

...

Watching his experience led me to believe that, in the end  people who engage in gambling usually end up losing..

You have reached the right conclusion, because that is how it usually works for most gamblers. The casino is supposed to secure their profits in the long term in order to keep themselves in business, pay salaries to their workers and maintenance of their infrastructure. So casino implement something called "edge" , which is nothing but a slight advantage on all their games, which un the long turn significantly favors them.

The more time one spends on casino games, the more likely one is to be at loss against the house.
If the edge of the house was zero, then the casino would have no control over their income and finances, it would be random. And if the edge was negative, then gambling would be profitable for gambler in the long term.

It is basic math and statistics.

[WhoYouCantKill]

Some gamblers that were able to hit it big couldn't even use the money to change their lives because they're greedy. Instead, of quitting and invest the money, they thought they can make more profit and wanted to win a bigger amount which made them lost it all. Don't be greedy and accept whatever, profit you made even though, it's little. Gamble for fun.

That’s to tell you that making it big or becoming wealthy through gambling is nothing but a myth that people will only keep on chasing. I’ve been in the gambling world for years, but not once have I seen or heard of a gambler who have actually made it or become wealthy through gambling, so I’ve completely removed that possibility from my mind, so when I gamble, I don’t do so for the purpose of being rich or improving my financial situation.

[Asiska02]

In the end, most people in gambling end up losing but it is not a general rule that it will end up like that. For most people that end up losing it all, they must have done the wrong thing that actually lead to their profits running into loss again. Learning casino games for about three years is quite a long time to say one has gathered sufficient knowledge to not lose it all again, but gambling is not a game of experience and mastery, once you’ve acted against your own proper risk management strategy, you’ll fail and lose everything in the twinkly of an eye. The best is to always take profit and spend, then risk back only what you can afford to lose. With this approach, you may have a slight edge over the casino and won’t be in loss in the long run.

[Solodoski]

Watching his experience led me to believe that, in the end  people who engage in gambling usually end up losing..

More reasons why experience is the best teacher. However, the way your brother has been gambling is not the way others do. We cannot say in general that gambling is a losing game when a few gamblers make a profit from it when you don't.

If your brother had known quitting was the best option to take when he saw how frequently he loses.

[Fortify]

My brother was actively involved in online gambling casinos and gambling for about three years. During that time, he invested a lot of time and money and he also gained considerable experience with casino games. However after those three years, the result was that he lost most of what he had.

Watching his experience led me to believe that, in the end  people who engage in gambling usually end up losing..

Yes, but this is true for many different forms of entertainment if you're just talking about finances. What is harder to measure is whether it entertains you enough that you get your money's worth. Some people might get happiness by buying Pokémon cards that they stick in a binder and store at the back of their closet. Sure, it might have some residual or increasing value later, but it might easily crash out like the watch market did after COVID. If you're looking for something to pass the time and it does that job for you, then simply accept it as a trade or find something else to do with your money - nobody is forcing people to gamble. It seems like an easy option to most people who can control their emotions and spending.

[uneng]

...

Watching his experience led me to believe that, in the end  people who engage in gambling usually end up losing..

You have reached the right conclusion, because that is how it usually works for most gamblers. The casino is supposed to secure their profits in the long term in order to keep themselves in business, pay salaries to their workers and maintenance of their infrastructure. So casino implement something called "edge" , which is nothing but a slight advantage on all their games, which un the long turn significantly favors them.

The more time one spends on casino games, the more likely one is to be at loss against the house.
If the edge of the house was zero, then the casino would have no control over their income and finances, it would be random. And if the edge was negative, then gambling would be profitable for gambler in the long term.

It is basic math and statistics.

Yes, the house edge is what prevents players from winning the more they play. It prevents gambling being an investment for gamblers, but it also ensures sustainability for casinos on long run, so they continue offering their services without going bankrupt and without scamming their customers due to not having funds to pay winners.

If the average gambler nowadays was aware about the mechanism you mentioned, we would have much less complaints and issues going on between gamblers and gambling worldwide. If people know exactly what to expect from gambling, they won't adopt it for wrong reasons and in wrong ways.

[Free Market Capitalist]

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Watching his experience led me to believe that, in the end  people who engage in gambling usually end up losing..

You have reached the right conclusion, because that is how it usually works for most gamblers. The casino is supposed to secure their profits in the long term in order to keep themselves in business, pay salaries to their workers and maintenance of their infrastructure. So casino implement something called "edge" , which is nothing but a slight advantage on all their games, which un the long turn significantly favors them.

The more time one spends on casino games, the more likely one is to be at loss against the house.

Yes, but it’s not exactly like that. You face the probability of losing to the casino on every single bet because of the house edge. What happens as you keep betting more and more—when the sample size of your bets is large enough—is that the loss inevitably materializes. Due to variance, someone who has never gambled at a casino before might go on their first night and walk away with money, but as they repeat the process many times, the difference between the total won and the total wagered will result in a net loss for that person.

[Pandu Geddon]

Watching his experience led me to believe that, in the end  people who engage in gambling usually end up losing..

All of that is true, so you'll get a lot of advice not to gamble with the goal of making money. Just enjoy the game and have fun if you win. If you lose, don't be too ambitious in chasing your losses. Many gamblers take gambling too seriously and they get very frustrated when they lose. In the long run, if you only focus on winning, you'll end up disappointed.

[Wiwo]

My brother was actively involved in online gambling casinos and gambling for about three years. During that time, he invested a lot of time and money and he also gained considerable experience with casino games. However after those three years, the result was that he lost most of what he had.

Watching his experience led me to believe that, in the end  people who engage in gambling usually end up losing..

You see the part where bolded; there is the problem with your brother, because instead of using money that he has as leftovers and the minimum amount, he focused on investing a huge amount of money as if gambling is an investment, when gambling is a game of chance and luck. That is why gambling should be done just for fun and not as a way to make profits.

The said brother of yours needs to change his mentality and approach to gambling since the facts show he is not gambling correctly with such concepts.

[Gost ms]

My brother was actively involved in online gambling casinos and gambling for about three years. During that time, he invested a lot of time and money and he also gained considerable experience with casino games. However after those three years, the result was that he lost most of what he had.

Watching his experience led me to believe that, in the end  people who engage in gambling usually end up losing..

In casinos, the results may be different for a few people, but I think the results for everyone else are the same. Because in casinos, it is completely luck-based and there is no certainty that you will win or not. I have seen many people who were involved in spotbet before and they were in a position to survive even though they faced losses in the long run, but since they joined the casino, their position has become very bad and they are now involved in a lot of debt.

But yes, if a person is involved in spotbet and if he plays with discipline and is able to control himself, then maybe his loss will be able to reduce a lot. Although there will be losses, he will not be so much affected that he will get involved in a lot of debt.

[GIF-JOBS]

This is the biggest reality of gambling, you will lose more than you win. A gambler loses 9 times and wins 1 time, but because of this 1 win, he becomes confident and more involved in gambling, but because of those 9 losses, he could not get out of gambling, rather he became more emotional and more deeply involved in gambling.

That is, it is a cycle where you will not find a way to get yourself out of gambling, whatever the outcome, you will get yourself more deeply involved in gambling with any outcome.

• You have won, the expectation of winning more is aroused in you, and you play to win more.
• Now you have lost, the emotion is building in you, the expectation of recovering the loss is aroused, and because of this emotion you increase the amount of gambling to recover the loss.
  

So how do you get out of gambling?
There is no way, if you are not responsible from the beginning. You have to be limited. You have to be satisfied with small wins, and if you lose, you have to accept the loss and get out of gambling. Without this control, you are sure to lose big.

[Hatchy]

Watching his experience led me to believe that, in the end  people who engage in gambling usually end up losing..

If you aren't into the casino business and just a regular gambling, putting in all your efforts for three good years that's quiet a long time. Gambling like I will always tell people shouldn't be a full time activity. It can be fun yes.. but archiving anything reasonable from gambling is almost impossible. Gambling does more harm than good to anyone, no matter how good you think you are at it and this kinds of attitudes towards gambling is why most gamblers becomes addicted to the core. Always be the type to diversify your effort. Gambling cannot make you any good over time except you are picky and the percentage of people who have been lucky thorough gambling are not even up to 10% of the total gamblers we have today..

[Comeacross]

he invested a lot of time and money and he also gained considerable experience with casino games. However after those three years, the result was that he lost most of what he had.

Did you just say investment? Maybe this is where he got everything wrong that led him to lose everything he had. You don't treat gambling like investment that you're expecting a return at the end of the day. If you're playing with that mindset, you're likely to over play and chase your loses. You know the rules? The more you chase your lose, the more you're likely to lose.

Watching his experience led me to believe that, in the end  people who engage in gambling usually end up losing..

That how the system is designed. Gambling aren't meant to make you rich, just play to have fun with what you can afford to lose.