Is Gambling a Losing Game in the Long Run

[Zackz5000]

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..

Your brother may have a different case from others that for the couple of years he was gambling and didn't make any profit in total doesn't also mean that some other persons are not making gain from gambling, your brother was also addicted into gambling which will probably make him to be lost, you don't have to put more of your time and money in gambling that's not how gambling should be he wasn't gambling responsibly and he was gambling with what he can't afford to lose.

[Betwrong]

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..

Your observation is correct. Most of the time it ends up like this. There are lucky people who managed to make fortune through gambling, but they are one in a million. Thinking that you can be one of them is stupid. It's like eating a Death Cap mushroom and hope to survive. Don't be like your brother. Don't try to make money through gambling. Wise people who like to gamble use it for entertainment purposes only.

[red4slash]

The characteristics of each gambler are different and do not always make a fish sample for a claim to the ocean.

It is also the same when you only look at gambling from your brother's point of view only then maybe you will assume that this will be very damaging and in the end the bad stigma about gambling comes back and gets bigger but not all gamblers are in the same condition as your brother OP.

Indeed, there will always be losses but that does not mean all will spend most of what we have because in this case there are those who have realized from the beginning that this is a game that does not have to be all in because they must lose and there are also those who are not aware just because they think they can change their lives by gambling.

Looking at your writing I am quite sure that your brother who gambles has a slightly greater level of opium so he spends the property he has when from the beginning we know that gambling is a business developed for the benefit of the bookie.

[Barikui1]

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..

Your observation is correct. Most of the time it ends up like this. There are lucky people who managed to make fortune through gambling, but they are one in a million. Thinking that you can be one of them is stupid. It's like eating a Death Cap mushroom and hope to survive. Don't be like your brother. Don't try to make money through gambling. Wise people who like to gamble use it for entertainment purposes only.

Gambling has proven to be a tool, that brings a man to his kneel financially or reduces someone to the worst possible economically state,  because such person sees it as a means of making money.

 The trick their is that even though you hit a jackpot today and you fail to run away with your winnings and invest the money into something else, but you choose to still be gambling with the money won, it would only be but a matter of time before such gambler loses everything and wreck him or herself again, so gambling with the right mindset which is just for fun is the only way not to wreck yourself while gambling.

[Junii]

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

Yup u are right and i agree with that . Actually when someone starts gambling especially in the start when they won a bet the emotions takes over they becomes too excited and they think they figured out the market and that is too easy as that experience is new the brain remembers those wins for a long time that is why many people remember their wins more than their losses but there is a house edge in the casinos and in the online betting so if a person thinks they won a lot of bets in the long term but mathematically there is always a house edge and the casinos never end up losing . That is why what i noticed and realize is to never ever invest in gambling because the long term impact is not only losing money but also most people get addicted to that emotion which our brain produces during bet and addiction is injurious for our mental health hope your brother realize this as well or if possible u can explain it to him as u are is his brother and that is your duty to stop him from harmful things.

[MArsland]

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 trust your older sibling because you already know gambling isn't right for you. No one wants to lead you into gambling if you can't control yourself. Forget the allure of winning, forget risk management, forget trying gambling. It's far better than not being mentally prepared for a loss.

[Altryist]

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..

It depends on what kind of games you play and what approach you take, whether you have a strategy or just play casually. If you're playing casino games, slots, or anything similar, you'll most likely lose money over the long run. That's how it works in the vast majority of cases. Of course, some people do get lucky, but you'd have to be extremely fortunate, and then disciplined enough not to lose those winnings afterward.

If you're a sports bettor who knows how to analyze matches and has a solid strategy that consistently works, it's possible in some cases even make a profit. However, you shouldn't expect gambling to become your primary way of making money.

[liasbaa]

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..

The reputation of the entire gambling industry is ruined because of a few addicted gamblers like your brother. It is certain that your brother did not lose every bet in the past years. It is also certain that he did not lose every bet. So the question is why did he lose so much money.
The main reason for his losses in gambling is lack of self-control. Your brother was extremely greedy and therefore did not stop gambling after winning several times. This is the main reason for his losses. Another reason for his losses is the attitude of gambling more after losing.

[TedMosby]

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..

Sorry, but I think the better word should be "he spent" instead of "he invested"

Not all gamblers in the gambling industry end up losing. There are small groups of people who can make a profit in the long run, for example, professional bettors.

But let's make it clear that just because you have experience or you've been betting for years doesn't make you a professional bettor. It's completely different. Professional bettors manage their bankroll professionally, do advanced statistical analysis, and aim for long term profit. But despite all of this, luck and random factors are still significant. What I am trying to say is that they have a different "system" for making decisions.

The data that may surprise you is the winning rate of these professional gamblers. Professional sports bettors rarely sustain a long term winning percentage higher than 55%, and it's often as low as 53% or 54% [1]. No wonder most casual bettors keep losing in the long run.

BTW, there's a thread by Stompix about an experiment where he stuck to betting on the favorite team in the 2026 World Cup [2]. In that case, he managed to secure a +7.96% profit over 100 matches. It's also a higher win rate compared to the professional gamblers' winrate, but I still count it as short term IMO. CMIIW.

Source:
[1] https://professionalgambler.org/winning-percentages/
[2] https://bitcointalk.org/index.php?topic=5585634.0

[TopTort777]

Depends on what is long run for you. If that is large number of bets, then the more you play one game, the less chances you will be in profit. If that is time spend, then the more you play, the more bored and exhausted you become. That leads to making mistakes, losing concentration. However if you place only 1 bet during all your life and win it, then gambling is not a losing game It is really hard to answer OP question because we play differently, we get random results.

[Dunamisx]

After the finding your purpose on why you are gambling, then you could discover whether gambling is profitable on a long run for you or not, some may see it as lost to them because they are with the intention of earning from gambling and this is not happening as The wanted it, while other gambler who sees gambling as an entertainment will always appreciate every moment they engage in gambling because it is not a loss to them but an entertainment they are benefiting from.

[Son Of Blockchain (SOB)]

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..

The reputation of the entire gambling industry is ruined because of a few addicted gamblers like your brother. It is certain that your brother did not lose every bet in the past years. It is also certain that he did not lose every bet. So the question is why did he lose so much money.
The main reason for his losses in gambling is lack of self-control. Your brother was extremely greedy and therefore did not stop gambling after winning several times. This is the main reason for his losses. Another reason for his losses is the attitude of gambling more after losing.

What you said is the truth cause people don't blame the addicted gamblers but the act of gambling in general and make gambling look bad but then the addicted ones have themselves to blame for the outcome of irresponsible act. However what suprises me is that the gblinh industry is massively thriving regardless.
 I believe that he might have learnt from his brothers experience and try to be very careful when he choose to gamble. He'll atleast withdraw his rewards instead of consistently using it to chase more money like his brother did.

[Somegory]

Gambling is a losing game on the long run for those who can't focus on other things to get their things done, gambling is a losing game on the long run for those who planned to turn it into a source of income.

It's going to be a roller coaster journey for them and in the end it wouldn't even matter what they do or try, such people will be lost in the maze, even if luck shines upon them they will always be back to try even more.

Too much of gambling is not good, too much of attention for gambling is very bad, gambling should be treated the same way you treat your netflix and gaming sessions, when time is up and over then go back to work.

[Achalugo BTC]

After the finding your purpose on why you are gambling, then you could discover whether gambling is profitable on a long run for you or not, some may see it as lost to them because they are with the intention of earning from gambling and this is not happening as The wanted it, while other gambler who sees gambling as an entertainment will always appreciate every moment they engage in gambling because it is not a loss to them but an entertainment they are benefiting from.

That's really a good way to put it because even if one advises them to bet responsibly, they will still end up betting their own way and might still decide to take gambling as a way to make money from it, even if they are aware that gambling is not meant for that but if they stick to the right rules of gambling, they will be able to make informed decisions that will be helpful to them to avoid betting in a way that will cause them more harm than good and also help them to be in charge of their emotions.

[purple_sparkles]

After the finding your purpose on why you are gambling, then you could discover whether gambling is profitable on a long run for you or not, some may see it as lost to them because they are with the intention of earning from gambling and this is not happening as The wanted it, while other gambler who sees gambling as an entertainment will always appreciate every moment they engage in gambling because it is not a loss to them but an entertainment they are benefiting from.

That's really a good way to put it because even if one advises them to bet responsibly, they will still end up betting their own way and might still decide to take gambling as a way to make money from it, even if they are aware that gambling is not meant for that but if they stick to the right rules of gambling, they will be able to make informed decisions that will be helpful to them to avoid betting in a way that will cause them more harm than good and also help them to be in charge of their emotions.

For me, the most effective approach, whether I see gambling as entertainment or as a way to make money, is to have strict rules. They help me make rational decisions, especially in stressful situations. Even if I panic or get carried away by excitement, following a strict strategy helps protect me from making impulsive decisions and allows me to leave the game in the safest way possible.

[Marvelockg]

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..

Your observation is correct. Most of the time it ends up like this. There are lucky people who managed to make fortune through gambling, but they are one in a million. Thinking that you can be one of them is stupid. It's like eating a Death Cap mushroom and hope to survive. Don't be like your brother. Don't try to make money through gambling. Wise people who like to gamble use it for entertainment purposes only.

It is better to go about gambling not as a means to financial end but rather that you are using it for the sake of having fun or that you are playing it just to while away time.  you can win while gambling but if you are too focused on how much you can win while gambling, you will end up being disappointed at the end of the day. there are people that get lucky to hit a jackpot that is bigger than all the amount that they have ever lost in the process of gambling in the past but that is just one out of a lot of others whose loss is more than there wins. in most cases your gambling loss will always be greater than your gambling wins but if you are gambling for fun and with an insignificant amount, it would not matter much.

[Alex077]

The characteristics of each gambler are different and do not always make a fish sample for a claim to the ocean.

It is also the same when you only look at gambling from your brother's point of view only then maybe you will assume that this will be very damaging and in the end the bad stigma about gambling comes back and gets bigger but not all gamblers are in the same condition as your brother OP...

I think you made a good point that you can't judge all gamblers based on the experience of just one person. Some people really do see gambling as nothing more than entertainment.
The problem is that not everyone is able to stick to that approach. Many people start gambling hoping to make quick money or change their lives for the better.

As far as I can see this problem, - the key difference isn't the gambling itself, but the gambler's mindset and discipline. In my opinion more realistically someone evaluates their chances and the more strictly they stick to their limits and self-discipline, the less likely it is that gambling will eventually turn into a serious problem.

[Mpamaegbu]

If we take a few isolated cases of new gamblers miraculously hitting a jackpot on their first attempt, we can say it's a win with zero loss. However, there's no guarantee that since they won on their first attempt that they would quit or continue to win. Before long what had been won would be depleted in funding that gambling lifestyle.

Those who once in a while win bets, if secretly asked for their opinion on this, and they're truthful to themselves, would admit that even before any win that they would've spent more that what they won. Anyone wondering why people go back to gambling or continue to gamble despite that they know they lose more than they win, it's simple. Gambling conjures that atmosphere of perseverance and luxury, and all that one could gain if one doesn't give up betting. That's why people keep going back in spite that they know they're losers at the end.

[POPOLUV]

There is no two reasons people need to be gambling, it should be because of one reason and that is entertainment. If it is going beyond entertainment to seeing a means of making money, it is better such person should not gamble at all. That is the reason they are losing more than necessary.

All gambling sites terms and conditions that I have gone through before including Stake.com are all mentioning that gambling should not be beyond entertainment reason. If you are going beyond it, they will not care, but you supposed to be wise on your own.

There is no two ways about than gambling for entertainment because if a gambler should go beyond the level of gambling for entertainment like you said, such gamblers will surely experience lossing most times more than winning and sometimes it looks so difficult not to gamble base on, most gamblers see gambling as a means of making  a quick profits and to be honest with you, most of the gamblers has ignored the power of betting only for entertainment because the atom of being greedy to win big has changed their mindset of betting for entertainment only.

[Smartprofit]

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..

Your observation is correct. Most of the time it ends up like this. There are lucky people who managed to make fortune through gambling, but they are one in a million. Thinking that you can be one of them is stupid. It's like eating a Death Cap mushroom and hope to survive. Don't be like your brother. Don't try to make money through gambling. Wise people who like to gamble use it for entertainment purposes only.

It is better to go about gambling not as a means to financial end but rather that you are using it for the sake of having fun or that you are playing it just to while away time.  you can win while gambling but if you are too focused on how much you can win while gambling, you will end up being disappointed at the end of the day. there are people that get lucky to hit a jackpot that is bigger than all the amount that they have ever lost in the process of gambling in the past but that is just one out of a lot of others whose loss is more than there wins. in most cases your gambling loss will always be greater than your gambling wins but if you are gambling for fun and with an insignificant amount, it would not matter much.

Just yesterday, I read about how incredibly popular sports betting is in the US. Do Americans view gambling as a long-term source of income? I'm sure they don't! We live in a consumer society. I don't rule out the possibility that the situation could change over time. The world could face a global economic crisis, an economic downturn, or even an economic depression. 🙋

In that case, no one would be interested in gambling or sports betting... However, right now, people are looking for entertainment and a good time.

At the same time, people are biologically programmed to seek thrills and adrenaline. People (especially men) need it. Some engage in extreme sports, ride motorcycles, climb Everest, and whitewater rafting. However, most people get their adrenaline rush through gambling. In my opinion, this is precisely why sports betting is so popular in the United States.  Americans haven't waged war on their own soil in a long time (which is a good thing, since war is a nasty thing), but people really crave the feeling of risk and excitement. Gambling provides that opportunity. 🧖