Is Gambling a Losing Game in the Long Run

[GxSTxV]

but that does not mean that you can't win at all and beat the house edge in the end.

Can being serious gambler alone allow someone to overcome house edge? You know, there is big difference between careless gambler and disciplined gambler.

Not all gambling are same. In areas like poker or sport betting you may be able to gain some advantage through your skill. However in traditional casino game like roulette, slot, baccarat even some table game, the casino has an advantage. In these area your strategy will usually only could help you minimize your loss but you won't be able to overcome the house advantage any way.

[Moreno233]

Unlike many people making comments here, i believe that the longer you stay in gambling, the higher your chances of making profits increases. We all know that luck play an important part in gambling so the more you stay in the game, the higher your chances of being luvky also increases. This is why bankroll management is very important  because proper management ensures that the layer renain longer in the game which also increases his luck.

[Agbe]

Is Gambling a Losing Game in the Long Run

Gambling is like and infinite activity unless one takes a drastic decision to stop at once and not to postponing it till further notice. And from calmly observing and thinking about the long run, you might be correct because if you win big amount today and withdraw everything MD take a break. After the break you will come back and in your returning, you might lose more than the amount you win and you become a loser at all time. Therefore I see the long run as lose unless the person stopped at once after winning big.

[gracreavix]

The danger isn't really is that gambling is a lossing game in a long run. It is that people stay long in gambling for the house edge to catch up with them. You can be in a winning streak for weeks, days or even months. But gamblers don't know when to stop. That's the issue. Even if the house always wins, that won't stop others from winning too. There are people who beat the house edge clean and they are winning.

[Joeboy]

Unlike many people making comments here, i believe that the longer you stay in gambling, the higher your chances of making profits increases. We all know that luck play an important part in gambling so the more you stay in the game, the higher your chances of being luvky also increases. This is why bankroll management is very important  because proper management ensures that the layer renain longer in the game which also increases his luck.

If only is was that simple, then am sure that I am obviously sure that majority of gambling will be swimming today in wealth...If we were actually to do a poll whereby those active gamblers here tell us the year they entered into gambling, you will be so shocked with some folks answers... And for those who have spent a very long time gambling, they will continue how wrong you are ...For those that actually want to tell the truth about themselves, they will surely confirm the level of losses they are still having even with all their years of experience...The truth is that gambling has no clear favorites, and there obviously isn't a special list of favourite who are more likely to have higher profits, and so losses sis very possible even with a gambler level of experience...

[Ojima-ojo]

Is Gambling a Losing Game in the Long Run

Gambling is like and infinite activity unless one takes a drastic decision to stop at once and not to postponing it till further notice. And from calmly observing and thinking about the long run, you might be correct because if you win big amount today and withdraw everything MD take a break. After the break you will come back and in your returning, you might lose more than the amount you win and you become a loser at all time. Therefore I see the long run as lose unless the person stopped at once after winning big.

Is ok to gamble of you can control your gambling activities, sometimes is not about willing to quit gambling, but quiting as form of taking actions towards quiting, that is why is most important to first of all make the clear decision wether you ready to quit or bring your gambling actions under control.


Gambling is a game of losing and that is why you shouldn't gamble all the time or gambling with the aim if building financial income through it, such mindset will always put you at high risk from gambling all the time.

[LUCKMCFLY]

In the long run, it will always be a fact that things are different. Firstly, if we are in a casino, it works differently, it's luck, but if we are making sports bets, everything changes because sports betting has a lot to do with the knowledge and level of wisdom of the individual. That's how it is, it's no longer just luck, but in the long run, with gambling, betting on luck does produce losses, while with sports betting it depends.

[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.

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.

That is why ignorance is so dangerous when comes to gambling. Of you had a brief conversation with the average gambler or bettor from popular or impoverished areas in my country, you would realize they don't even know what the edge of the house is or how it works. One could even try to explain it to them with a Gauss distribution, they may not even get it regardless.
Most of those people just know that there is a chance for them to get rich with no effort and they will go for it in order to put their poverty to an end.

[danherbias07]

Yes, most of the time. I mean, most gamblers end up losing.

So, I think the real question should be, "Why still gamble despite that fact?"
Well, the answer could be entertainment or the high hopes of a jackpot. Ask a lotto bettor why he is still betting in the national lottery despite not winning anything for years? What is their answer? It's the little hope of getting the jackpot for a small betting amount.
Some just like the added thrill when they watch their favorite sport, so they put a bit of money on it. But both will lose in the long run. Well, unless they get the jackpot.

[alegotardo]

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..

Casinos is an businesses. If, in the long run, they lost money while players consistently made profits, none of them would be profitable.
But let me ask you about this... how are casinos doing financially today? The answer we know: They are a highly profitable business.

In the long run, the most people will lose money, it is a fact. However, a small number of people do make a profit... perhaps because they had a significant win that still outweighs their losses or perhaps because they've simply been luckier than unlucky so far. But the reality is that, at some point, that is likely to reverse, this is what mathematics and statistics tell us.

If you enjoy gambling as I do, then do it for fun, for entertainment. If you happen to make a profit, even better. But if you lose, make sure it is only the amount you were willing to spend for that entertainment.... Never look at gambling as a way to make money.

[SUPERSAIAN]

If you're just playing regularly to make money, then most likely yes, because there's such a thing as home advantage in gambling. While it's not quite the same for sports betting, it's difficult to achieve a winning streak. There are some really good gamblers, I can't say anything against them, but they're a very small percentage, and I don't think they make regular money they lose as much as they win. So, when gambling, you shouldn't really think about the money. If you win, withdraw your winnings.

[Floxynice]

Manage your bankroll carefully because the house always wins. Gambling is not the kind of game you should put your hope in for long-term returns; it is an unreliable source of income. Truly, there are a few people who have been lucky with gambling. These people had a one-time, life-changing win that covered their losses and still had a remainder left. However, the percentage of people who have been this lucky is low compared to those who lose to the house.

You cannot tell if you will be that lucky. The best thing you should do is manage your bankroll so that you are not severely affected by your losses.

[fruktik]

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..

I hardly know anyone who's ever profited from gambling in the long run. But I do know a few people in my circle who actually lost. No, the casino is set up in such a way that the player will end up broke.

I understand your friend, who lost most of his savings. I also took out a loan. It took me several years to pay it back. It was a tough time. So, you should forget about the idea that a casino will be profitable over the long term.

[Bigjoe33]

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 can't use your brother case to justify everyone, we all knows that gambling is a risky game that involves more loses than win but however there are people who have benefited from it big time, some even win back to back on a streak. Everyone can not be lucky in Gambling and your brother happens to be one of those who are not lucky, so don't use him as a case study to judge others, there is still positive testimony from some other gamblers who where lucky.

I have always maintained the opinion that gambling is all luck and winning a game or bet isn't on expertise at all. However, some has been very Lucky as you mentioned because we have heard of such several times and have also seen some few persons in my years of existence. But then, I still want to believe that there are a lot of gamblers who have lost more that they gained, yea. Just like you saud, that his brother might be one of them, yea. I still think that there are more losers than gainers in gambling. Those who have lost enough are mush more than those who won. Of course, the success story of the winners are a source of motivation for those who are losing and so they don't give up on gambling.

I think the best thing is just to treat gambling as an entertainment and with no expectations of winnings at all. With this kind of mindset, gamblers can be more careful while betting knowing that there money isn't expected back in winnings but that anything can happen at the end. Having this mindset of winning or making a life our of gambling is the major reason why some people are getting too emotional and gambling in the wrong way all the time. So yea, I believe gambling is a loosing game in a long run, and of course, sometimes you can win, but that doesn't take away the fact that you may have to loose more than you have or will win

[Ishicryptic]

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..

If you continue to mantain regular gambling for many years it is most likely that you will experience more loses than what you would win simply because casinos are structured that gamblers should win lesser than what they stake on the long run so as far as you keep returning to gambling you will most likely be on the deficit. To minimize your loses on the long run I would recommend using amounts that you are comfortable to lose for gambling so that even if your loses becomes more than your wins on the long run it won't affect your finances and you wouldn't be addicted to it. Gamblers who are most affected by loses on the long run are the ones that uses a lot of money to gamble, even when they win big they will eventually lose everything back to the casino because of their heavy gambling. Better to gamble for entertainment with small amounts for your peace of mind.

[bitbollo]

definetely yes did you know rich gamblers or rich platforms?
excluding some specific cases or some others much much more rare I would see close to impossible "win" in the long run.
That's the main reason you had to "wager" free money if it was so easy collect a profit they wasn't request to wagering at all

[swogerino]

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..

That is how gambling works. It is designed that over the long run to make money to the casino owners and not the players yet most players keep playing in the hope to get that max win and enjoy some profit. It can happen but the average is 3 to 5 years and during this time most of the sessions will be losing ones which will accumulate to big amount of money being lost. It is exactly because of this that the house edge is in play which means that it guarantees profit to the casino over the long run and not the players.

[PERtua]

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 can't use your brother case to justify everyone, we all knows that gambling is a risky game that involves more loses than win but however there are people who have benefited from it big time, some even win back to back on a streak. Everyone can not be lucky in Gambling and your brother happens to be one of those who are not lucky, so don't use him as a case study to judge others, there is still positive testimony from some other gamblers who where lucky.

I have always maintained the opinion that gambling is all luck and winning a game or bet isn't on expertise at all. However, some has been very Lucky as you mentioned because we have heard of such several times and have also seen some few persons in my years of existence. But then, I still want to believe that there are a lot of gamblers who have lost more that they gained, yea. Just like you saud, that his brother might be one of them, yea. I still think that there are more losers than gainers in gambling. Those who have lost enough are mush more than those who won. Of course, the success story of the winners are a source of motivation for those who are losing and so they don't give up on gambling.

I think the best thing is just to treat gambling as an entertainment and with no expectations of winnings at all. With this kind of mindset, gamblers can be more careful while betting knowing that there money isn't expected back in winnings but that anything can happen at the end. Having this mindset of winning or making a life our of gambling is the major reason why some people are getting too emotional and gambling in the wrong way all the time. So yea, I believe gambling is a loosing game in a long run, and of course, sometimes you can win, but that doesn't take away the fact that you may have to loose more than you have or will win

There is no way to tell what is happening to that person. But when we examine the overall picture. It's clear that the casino has the advantage. However most regular gamblers lose more than they win in a long time span. Which is why it is wise to take the time to simplify your odds of winning. While it does happen, there are some who will make huge profits, and some who will leave with nothing, but that is the minority. The worst sin is to make gambling your primary source of income rather than entertainment. Responsible gamblers know when to set limits, take profits when they're up and take losses if they're down.

[Cityhunter34]

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

That's not true. Even though gambling involves more losses than wins, there are many gamblers that are actually making money from gambling. One big thing we need to understand is that gambling is not a source of income, because that's exactly the mentality of so many people in gambling, which is why they are struggling in the long run. We shouldn't view gambling as more than entertainment purpose, because this mindset often leads us to success when we don't expect it.

So it's very essential for us to always gamble responsibly without getting caught up in the game.

[viljy]

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

A statement of banality: yes, gambling in the long term is unprofitable for a gambler. A much more relevant question is: is gambling a way to make a profit or earn money? Every gambler should first ask himself this question, so that later he does not have to be disappointed. However, an adequate view of gambling has already been discussed in dozens of topics...