To Long time Gamblers: Do you think you win more or lose more?

shahran84

Non-Gambler
Joined
Aug 4, 2011
Location
Singapore
Hey there guys,

I would like to know if gambling really can make you earn more money in a long run..
If we can't earn more money, then what's the point isn't it?

As for me, out of my 7 - 8 years gambling, It seems I'm about $10,000+ ahead in profits BUT due to non-payment of my vegascasino21 winnings of more than $20,000 USD,
I'm down to $10,000 in loses. Still hoping that vegascasino21 can pay me hehe. :p

What is yours? :)
 

Balthazar

The Governor
Joined
Aug 14, 2012
Location
Woodbury
I don't know how much I've lost over the years, but it's probably in the low to mid 6 figures. I've been playing for 18 years now. I'm a slot player, and it's mathematically impossible to win on the long run unless you hit a very big jackpot and stop playing (which will more than likely never happen).

If we can't earn more money, then what's the point isn't it?

It's a much more complex issue than that. Players gamble for various reasons, most of them being psychological. For a lot of players, it's only "for fun" and "as a past time" on the surface.
 

chayton

aka LooHoo
webmeister
PABnonaccred
CAG
Joined
Jun 5, 2006
Location
Edmonton Canada
For awhile I was breaking even, but for the past couple years the cash flow is only one way, so I'm definitely down now.
 

09237653

Ueber Meister
Joined
Oct 20, 2010
Location
UK
I used to do ok and make a few quid, these days just seem to lose, lose, lose, almost certainly down overall.
 

Cristian

Dormant Account
Joined
May 1, 2010
Location
Constanta
up a couple of thousands overall but i don`t "invest" much anyway . I usually don`t get gready and if i see a chance to withdraw , i do it . Maybe im not addicted , yet :)
 

ksech

Dormant account
Joined
Jul 27, 2007
Location
Here
For the 9-10 years I played online, I have to say I was up. I'm more cautious than greedy LOL But my deposits were small (usually around the $25 mark) so if I got to $100 I'd cashout. I did have some really big wins (for me that is, 3 wins over $1k shortly after the UIGEA and before US players lost privildges at MG casinos).

Landbased are different, have lost thousands in AC. Thank goodness I can't afford to go there as much anymore! On rare occassions, my daughter and I will go to the racino for the afternoon, play until our $20 is gone or we have made a little extra. It's only 30 minutes from my house so it's a relatively inexpensive form of entertainment. (And it's cheaper than going to the movies and buying the goodies...last movie I took my grandsons to see ended up costing me $60 just for the tickets and then another $25 in treats...and then they want you to give them back the damn 3D glasses...BS! I took all of ours home LOL)
 

teppy

Dormant account
Joined
Nov 10, 2010
Location
Pittsburgh, PA
Big Wins

I run an online casino, so some observations: When players have a win that's a large multiple of their normal play, about a third start playing for huge stakes and gamble it back quickly; another third withdraw, but tend to up their bets a bit and eventually redeposit and play back the win over a period of months; the final third withdraw the money and keep playing at their usual level. A number of players (entirely from the 3rd category) do end up long-term up, but obviously gambling isn't an investment strategy :)
 

Mousey

Ueber Meister Mouse
Joined
Sep 12, 2004
Location
Up$hitCreek
Pre UIGEA I was in the black. Nowadays, all I see is red. (RTGs hate me :rolleyes:).

Thing to do is, when you get a get cashout that puts you ahead overall, stop.

The numbers (payout percentages) and math-heads will tell you that we're all on the losing end of the stick - made worse by fees to load cards, deposit, withdraw, etc. which further reduce player EV. But then again, I don't expect any refunds or money returned for any vacations to the beach or Disney World either. LOL It's all a matter of what you want to spend on 'entertainment'. (So we only take gambling vacations - and if we bring some $$ back home... wheeeeee!, if not, that's ok, too as we don't pay for rooms or food or booze while playing B&M.)
 

wanda5

Full Member
Joined
Jul 30, 2003
Location
lala land
Personally for me, its for the excitement and fun and the possibility of WINNING. The "possibility" is what makes my heart race. I can blow $ on going to the ballet or the opera for entertainment or I can sit in my comfy PJs with my spiced tea all warm and cozy, with no make up on loving the excitement of the "possibility".

I think its why it annoys me so much when I deposit and go on a nonstop losing streak...leaving every slot game with less money ....no play time makes me feel beat up so I play less these days. I played 3 or 4 times at Sloto recently and my only win over $3 was $30 ONCE on my last deposit...even had many close to zero bonus rounds...after pouring in $80 into one game. When it started to feel a little shady, I went to High Noon and in my first few spins I won $45....was able to play for about 2 hours and had a blast. I had no cash out but I got to play and felt like there was a possibility of winning once I went to High Noon.

I have seen people who become addicted after they win BIG and end up losing a lot. If you go in with the mindset that you are going to win....it will be a disappointment for the most part. If you go in with mindset of "I wanna have fun and hopefully leave a winner" ...I think you will be happier. If you are on a constant downhill losing streak or it seems like none of the games are paying long enough for you to have fun...leave your money behind and move on to another casino....they seem to pay in waves and either everything is hitting or nothing is hitting....just my personal experience of course.

I think that there are rare occasions where you should not think positive...this is one of them.

I have a friend who won the Texas lottery 33 million or something around that in 2003....I'm sure people told him that buying lottery tickets was a waste of money...but I doubt he bought his tickets believing he would WIN for sure...but just that possibility can drive us to do impractical things...so play within your means and keep it fun and who knows! Best of luck to you!
 

vinylweatherman

You type well loads
Joined
Oct 14, 2004
Location
United Kingdom
I often THINK I win more, but my records are there to show me the true long term picture. The regular small (and not so small) deposits that get lost eventually eat up all but the very biggest payouts. Even though I spend part of the big payouts on non gambling stuff, it is more a refund of the past x years deposits rather than a huge net win.
 

nepatsfan01

Dormant Account
Joined
Feb 8, 2010
Location
USA
I kind of think of gambling as like a tax refund.... you spend all year have your taxes taken out (making deposits) and then finally you'll get a refund (a good withdrawal). I know taxes are a part of life, just as making deposits and losing and you never get back everything you spend (like taxes, you never get back what you put in) so when you do get that refund, it is "fun money" to do with what you need.

For me personally, I know I'm a loser as a gambler. I deposit too much and withdraw too little. I would hate to add it up but I assume over the years, I'm down (both online and in person) probably hundreds of thousands. But for me, it's my entertainment. And when I do get that withdrawal, I enjoy it. It just doesn't seem as much when you only deposit a little bit at a time, lol.
 

shahran84

Non-Gambler
Joined
Aug 4, 2011
Location
Singapore
Thank you vinylweatherman, was waiting for your answer. Because I saw many of your wins are HUGE!
Even you yourself are saying break even or even down in profits. Hmmm.. I guess gambling can't really make you rich in a long run :(
 

vinylweatherman

You type well loads
Joined
Oct 14, 2004
Location
United Kingdom
Thank you vinylweatherman, was waiting for your answer. Because I saw many of your wins are HUGE!
Even you yourself are saying break even or even down in profits. Hmmm.. I guess gambling can't really make you rich in a long run :(

This can only happen by hitting something REALLY big, such as Mega Moolah. It would be pretty hard to play back £4 million without a significant increase in activity. It would also be very hard to move that kind of money through the eWallet and banking systems fast enough to lose it all back too quickly. The beauty of managing to just about break even is that you have the chance of hitting that kind of win without going heavily down trying. I do occasionally take a pop at the progressives, but have only won the £10 and £100 level jackpots from Mega Moolah. However, my biggest hits have been like hitting the "Major", which starts at 10K and can get close to 100K.

The only other way to get rich quick is to open a casino:D
 

Najasaki

Keep It Simple, Stupid.
PABaccred
Joined
Aug 24, 2010
Location
Your Happy Place
I could tell you simply or I could just rap my experience.. Here it goes:

I've been up, been down, bet high and bet low but my withdraw
comes as slow as Betty White on a stripper pole.. I'd be up over all
much more If I didn't reverse my funds back down a freakin' rat hole.

I'll tell ya this - 3Dice is a bitch and JC used to pay big for me back in
03'. 2012 they're getting greedier and greedier - a withdraw now is less
easier they're teasing ya - If regulation doesn't hit I might split - you can
catch me at a B&M for my slot fix. Wooooord!
:cool:
 

Borgie

Paleo Meister (means really, really old)
MM
Joined
Jul 19, 2011
Location
United Kingdom
I often make the mistake of reversing and loosing it ! I did it only today ! I am definitely down overall as I love to gamble and don't withdraw often enough.

Biggest win was 16k I did have a holiday with it but the rest dribbled its way back in to the casinos
 

Jasminebed

Game old gal
Joined
Mar 13, 2008
Location
Ontario
I'm 53 now, and I've been gambling over 40 years now.

I was far less in control and gambling where paybacks were very much lower at one point in my life. It's been quite a few years since that. My track record at Bricks and Mortars is awful, I love it too much.

I've did pretty well online considering how often and how much I gamble. But when out with a friend on Sunday, she asked had I lost more than $10,000 gambling lifetime, and there was no hesitation to say of course. So she feels I deserve my recent hit!

At this point I'm ahead online. Last year I was up overall, and I think the year before that I was down $600, but quite a bit of that was counting in the fees associated with gambling. Down maybe 3 grand total in the two prior years. Helped a lot to lower my cashout goals, I used to be trying for $1000 cashout, now I'm very happy with $250, buys me quite a bit more gambling.

I'm like Wanda, I love the thrill. And it was wonderful to have a great time lowrolling the other night, a big hit and high rolling didn't ruin that for me, thank goodness.

I'll never make up those B&M losses, scratchcard, pull tab and bingo losses, and I've long stopped chasing.

I do however know people with nicer clothes, handbags and furniture, or who eat out a lot more.

I was a barfly for a lot of years, and my time as a shut-in invalid, gambling online became my past time instead. And just being away from that, it lost a lot of appeal. I'm much more likely to play $50 than to go out to the bars now. It's more like $80 if you have dinner too, and forget movies.
 

rainmaker

I'm not a penguin
Joined
Dec 28, 2010
Location
-
how much does it cost to play golf, be a trophy fisherman, go power boating

That is a good point. I see casino gaming as a way of buying entertainment. The same as if you would buy a ticket for a concert (and those can be pretty expensive these days :eek:)

If I win...then great. A couple of more beers for me (or a new house, boat and a car if I win a jackpot hehe). If I lose, then at least I have been entertained for a couple of hours (or 5 minutes :oops:).

I do not see casino gaming as a way to "earn" money. Although you can be lucky and win.
 

vinylweatherman

You type well loads
Joined
Oct 14, 2004
Location
United Kingdom
I'm 53 now, and I've been gambling over 40 years now.

I was far less in control and gambling where paybacks were very much lower at one point in my life. It's been quite a few years since that. My track record at Bricks and Mortars is awful, I love it too much.

I've did pretty well online considering how often and how much I gamble. But when out with a friend on Sunday, she asked had I lost more than $10,000 gambling lifetime, and there was no hesitation to say of course. So she feels I deserve my recent hit!

At this point I'm ahead online. Last year I was up overall, and I think the year before that I was down $600, but quite a bit of that was counting in the fees associated with gambling. Down maybe 3 grand total in the two prior years. Helped a lot to lower my cashout goals, I used to be trying for $1000 cashout, now I'm very happy with $250, buys me quite a bit more gambling.

I'm like Wanda, I love the thrill. And it was wonderful to have a great time lowrolling the other night, a big hit and high rolling didn't ruin that for me, thank goodness.

I'll never make up those B&M losses, scratchcard, pull tab and bingo losses, and I've long stopped chasing.

I do however know people with nicer clothes, handbags and furniture, or who eat out a lot more.

I was a barfly for a lot of years, and my time as a shut-in invalid, gambling online became my past time instead. And just being away from that, it lost a lot of appeal. I'm much more likely to play $50 than to go out to the bars now. It's more like $80 if you have dinner too, and forget movies.


Really:D
 

rainmaker

I'm not a penguin
Joined
Dec 28, 2010
Location
-

Like Jasminebed. I also started to gamble very early. Not in casinos (as I live in Norway) but I bet on sports when I was like 15 years old or something. Rode my bike and delivered betting coupons. They did not care so much back then. Guess times have changed hehe.
 

Jasminebed

Game old gal
Joined
Mar 13, 2008
Location
Ontario
Yes really vinyl. I think Dad taught me how to play craps before I was in school, and Rumoli and Poker were part of family game night. I was mathematically inclined, and knew about calculating odds and permutations and calculations before highschool. Won a lot of lunch money with Euchre, Spades, Hearts all through highschool.

My mom and I would settle up our gin rummy games once a month. We played micro stakes, neither one had to pay out more than a dollar or two in a month.

Did pretty well with poker most times when I could find a small stakes game. For a couple of years played quite often with a group of mostly cab drivers, it financed a lot of beers and bingo nights!

But I do like the thrill of slots, I just try to spend less on it now.

Online poker is too much like working, and too many people that are very disciplined.
 

Jennifer

Banned User - violation of <a href="http://www.cas
Joined
Oct 2, 2011
Location
canada
For the 9-10 years I played online, I have to say I was up. I'm more cautious than greedy LOL But my deposits were small (usually around the $25 mark) so if I got to $100 I'd cashout. I did have some really big wins (for me that is, 3 wins over $1k shortly after the UIGEA and before US players lost privildges at MG casinos).

Landbased are different, have lost thousands in AC. Thank goodness I can't afford to go there as much anymore! On rare occassions, my daughter and I will go to the racino for the afternoon, play until our $20 is gone or we have made a little extra. It's only 30 minutes from my house so it's a relatively inexpensive form of entertainment. (And it's cheaper than going to the movies and buying the goodies...last movie I took my grandsons to see ended up costing me $60 just for the tickets and then another $25 in treats...and then they want you to give them back the damn 3D glasses...BS! I took all of ours home LOL)

I live 15 minutes from a casino and thank god Ive learned self control. Being that close to someone who loved gambling can be very dangerous. I rarely go but the last time I went which was around 1 year ago I got LUCKY to be ahead even a dime. I played like a degenerate gambler. I arrived late morning. I started with $100 and put it in a .25 slot machine betting 75 cents. Over the period of about 2 hours, I was up $600 on this machine. Most people would leave but I wanted to finally hit a big score, at least few thousand dollars. I moved to $1 betting $3 on the wheel of fortune. Not long I lost my entire $600. I was pissed I did that. Back to the debit machine I go and withdraw a few hundred.

I played roulette making wild bets trying to get lucky and thought just a few hundred bucks and Im outta here. it didnt happen and before I knew it, I was down $1100. Now $1100 isnt a tonne of money but being up $600 and now down $1100 is pretty gross feeling simply because I lost self control and acted like a dirty gambler lol.

I was really steamed and I went and withdrew $500 and thought I would play the $16 multi wheel slots. I thought "come on baby lets get my money back". After about 10 pulls and being down about $100, I hit one 5x multi, 2nd 5x multi third was a diamond or something. BANG. I won $1380. Yeeehaww Im outta here. I left the casino up about $95 after all that. Lost $1200 on casino games, $50 on dinner $30 on drinks $1280, final win was $1380. Most people in my position leave down that amount of money or even more, so I can see how sometimes you hear that story of how someone lost their life savings.

So now if I go, I bring a certain amount of money which wont make me feel guilty and leave all cards at home.
 

baleHead76

Dormant account
Joined
Aug 3, 2012
Location
Califorina
but before all this crap with the u.s players being shut out I'd say I pretty much broke even each year.. but for past 4 years Its been pure hell to get a big win.. I was used to getting 5 BIG wins each year with small deposits.. compared to now where I deposit every day and it isnt for months until I get a decent win.. so yeah I dont know..
 
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