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

Discussion in 'Online Casinos' started by shahran84, Sep 26, 2012.

    Sep 26, 2012
  1. shahran84

    shahran84 Non-Gambler

    Occupation:
    Manager
    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? :)
     
  2. Sep 26, 2012
  3. Balthazar

    Balthazar The Governor

    Occupation:
    Leader
    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).

    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.
     
    6 people like this.
  4. Sep 26, 2012
  5. chayton

    chayton aka LooHoo CAG PABnonaccred webmeister

    Occupation:
    Freelance Designer
    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.
     
    1 person likes this.
  6. Sep 26, 2012
  7. 09237653

    09237653 Meister Member

    Occupation:
    .
    Location:
    UK
    I used to do ok and make a few quid, these days just seem to lose, lose, lose, almost certainly down overall.
     
    1 person likes this.
  8. Sep 26, 2012
  9. rockycatt

    rockycatt meistercatt CAG MM

    Occupation:
    carpenter
    Location:
    Boston
    how much does it cost to play golf, be a trophy fisherman, go power boating
     
    5 people like this.
  10. Sep 26, 2012
  11. Cristian

    Cristian Experienced Member

    Occupation:
    gambling
    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 :)
     
    1 person likes this.
  12. Sep 26, 2012
  13. Jennifer

    Jennifer Banned User - violation of <a href="http://www.cas

    Occupation:
    stuff
    Location:
    canada
    Online Im down around $15,000 I think and live Im up about $4,000
     
    1 person likes this.
  14. Sep 26, 2012
  15. ksech

    ksech Dormant account

    Occupation:
    yes
    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)
     
    5 people like this.
  16. Sep 26, 2012
  17. harrys99

    harrys99 Dormant account

    Occupation:
    Bar Business/Office Management
    Location:
    Wherever I Want

    hee hee-love it:thumbsup:
     
    1 person likes this.
  18. Sep 26, 2012
  19. teppy

    teppy Dormant account

    Occupation:
    Game Designer
    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 :)
     
    6 people like this.
  20. Sep 26, 2012
  21. Mousey

    Mousey Ueber Meister Mouse CAG

    Occupation:
    Pencil Pusher
    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.)
     
    5 people like this.
  22. Sep 26, 2012
  23. wanda5

    wanda5 Experienced Member

    Occupation:
    mom
    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!
     
    2 people like this.
  24. Sep 26, 2012
  25. vinylweatherman

    vinylweatherman You type well loads CAG MM

    Occupation:
    STILL At Leisure
    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.
     
    2 people like this.
  26. Sep 26, 2012
  27. nepatsfan01

    nepatsfan01 Experienced Member

    Occupation:
    Homemaker
    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.
     
  28. Sep 26, 2012
  29. shahran84

    shahran84 Non-Gambler

    Occupation:
    Manager
    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 :(
     
  30. Sep 26, 2012
  31. vinylweatherman

    vinylweatherman You type well loads CAG MM

    Occupation:
    STILL At Leisure
    Location:
    United Kingdom
    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
     
    2 people like this.
  32. Sep 26, 2012
  33. X-Raided

    X-Raided I'm Beetlejuice Baby! PABinit

    Occupation:
    Philanthropist
    Location:
    Globe-Trotter
    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:
     
    4 people like this.
  34. Sep 26, 2012
  35. Borgie

    Borgie Senior Member

    Occupation:
    Office Manager
    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
     
  36. Sep 26, 2012
  37. Jasminebed

    Jasminebed Closer to 100 than Birth

    Occupation:
    Not in workforce
    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.
     
    7 people like this.
  38. Sep 26, 2012
  39. rainmaker

    rainmaker I'm not a penguin CAG webmeister

    Occupation:
    -
    Location:
    -
    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.
     
    2 people like this.

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