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

Love love all the stories, thank you guys for sharing!
What I think is that Gambling is an entertainment.

I want to hear stories like:

I won $200 on January and save into the bank.
I won $1000 on February and save $800 into the bank
...
...
On december I already have $20,000 in my savings bank, all gambling money. Thanks to the online casino! :p

Can this scenario be possible??
 
Love love all the stories, thank you guys for sharing!
What I think is that Gambling is an entertainment.

I want to hear stories like:

I won $200 on January and save into the bank.
I won $1000 on February and save $800 into the bank
...
...
On december I already have $20,000 in my savings bank, all gambling money. Thanks to the online casino! :p

Can this scenario be possible??


Of course, with self control but hey we are all gamblers!!! If I withdrew every time I was $20 - $50 up I would be well ahead.

With my best run which was at Nodicbet and 32Red combined I must say I didn't save any of it but I did purchase some much needed things for the house hold.


If I remember correctly there was a member here at cm that had saved a good amount of money from gambling wins and had purchased a property and house in the Philippines?
 
Love love all the stories, thank you guys for sharing!
What I think is that Gambling is an entertainment.

I want to hear stories like:

I won $200 on January and save into the bank.
I won $1000 on February and save $800 into the bank
...
...
On december I already have $20,000 in my savings bank, all gambling money. Thanks to the online casino! :p

Can this scenario be possible??

LOL not for me. Whats an $800 score like online, no really someone please tell me :p
 
Love love all the stories, thank you guys for sharing!
What I think is that Gambling is an entertainment.

I want to hear stories like:

I won $200 on January and save into the bank.
I won $1000 on February and save $800 into the bank
...
...
On december I already have $20,000 in my savings bank, all gambling money. Thanks to the online casino! :p

Can this scenario be possible??

Yes, but not for too long. The industry would adapt and remove whatever edge was keeping you ahead.

Around 1989-1990, UK laws changed for fruit machines, and operators got the stake doubled to 20p, but the jackpot only went from £4 to £4.80 - the had to persuade players that 20p gave them twice the value, so many places jacked the RTP "sky high", from the usual 70% to 74%, places were offering 90%+. Many games were the old 10p ones tweaked, and the new 20p games brought in new features. Many of the game features were "true skill", but adapted to be hard or easy depending on how much the machine had paid recently. THEY GOT ABSOLUTELY HAMMERED by players like myself, who took "true skill" beyond the design limits and forced some machines to pay 100% or more. I once lived an entire year, everything, purely on the pound coins being extracted from our local centre, which as well as bowling and cinema, had over 70 of the "right kind of machine". They eventually adapted by banning all the best players, and soon after getting rid of most of the machines. Now they have 5 or 6 in the whole complex. I took to the roads, and eventually in around 1996 the industry ditched "true skill" in place of "pseudo skill", and rather than making the feature harder and easier, the software made it "true skill" until an arbitrary "block" was reached depending on past payounts, and at this point the feature would "cheat" and block even skilled players from completing it successfully.

This period of around 6 years is what I call "the golden age" of fruit machines, where you could make a profit purely by your skill at playing the bonus features, rather than having to have inside knowledge of bugs.

In 2004 I tried online, and looked for any elements of skill. There were none, but a new concept emerged, that of bonuses. Other than one Blackpool arcade giving out 60p in play tokens for every £5 changed into coins, I had not come across this before.

Whilst playing online, I hoped that one day they would introduce UK style fruit machines with the "true skill" based features. Whilst the UK style games have come, they have not really come with the element of skill that enabled the best players to win more.

When I win big online, it's a case of being on the right game at the right time, and doing it often enough to offset the deposits being made between wins. I have removed part of the bigger wins from gambling funds on a permanent basis by buying stuff. Investing may hold the money for a while, but it does again become available, and some of it could again find it's way into the casinos unless it gets spent on something else first.

One way to invest, but also remove the money permanently, is in a pension fund, but they have been discredited over recent years.
 
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 :)

I am not in the 3rd category.
 
When I win big online, it's a case of being on the right game at the right time

Agree

One way to invest, but also remove the money permanently, is in a pension fund, but they have been discredited over recent years.

A pension is still the best longterm investment for a modest return. People have been duped into being greedy and chasing Bernie Madoff type returns which are not real.
 
I play for fun and the *hope* that you hit a big win. Slots of course - you will never win long term without the mega jackpot hit which is unlikely let's be honest.

If you gamble to win you may as well just do stocks & shares - same thing (but generally more socially acceptable of course) and a little more skill if you are prepared to invest money/time in gaining knowledge plus a lower house edge (the broker fee - that's it I guess).

I'm not materialistic so gambling is way more fun to me than buying a new car and watching 20% of it's value fall off as you drive it off the forecourt or paying extra for someone's logo LOL.
 
Love love all the stories, thank you guys for sharing!
What I think is that Gambling is an entertainment.

I want to hear stories like:

I won $200 on January and save into the bank.
I won $1000 on February and save $800 into the bank
...
...
On december I already have $20,000 in my savings bank, all gambling money. Thanks to the online casino! :p

Can this scenario be possible??

I'm far too much a gambler to have available cash to gamble with. For me, buying a big ticket item is my investment strategy. I love playing, and a $200 win almost always just means more play, hopefully over more than one session.

I won $1000 and spent $800 on something for the house is quite possible. But if what I want only costs $600, the other two hundred will creep back into the casinos after the $200 I meant to play goes belly up.


My recent big win will be used to pay down mortgage and a trip. I've been gambling a very long time, and often with way bigger bankrolls, and this is the biggest win I have ever had, and to be frank, the biggest I ever expect to have.

I almost ruined myself gambling years ago, it's no kind of investment strategy. If you really want to create a savings plan, start with something tax-sheltered with regular payday direct deposits, and either don't gamble, or reduce your gambling budget.
 
Nice thread, cus this question seems to pop up quite often. In fact, it is THE question ;)
As for me I can say i'm up several thousends of Euros. I play like i manage my stocks & shares as someone mentioned before. Usually I deposit 50 and withdraw 100 ( If I win ) This didn't work in the beginning, because like all newbies I had the "reverse withdraw" issue, but I now have a more strict policie on that one. I never reverse, no matter how small the win is. Thats it. It may sound small, but it works for me. I do have to mention that beside all that, my main reason for gambling is for the fun. The entertainment. And as a side note I just love the mathematic-professors always, sooner or later, jumping in on theese kinds of discussions with the "impossible to win in the long term" theory. All I can say is this: The unlikley is not the same as the impossible ;)
P.S No insults where intended with the use of the newbie word, sorry about that :)
 
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Nice thread, cus this question seems to pop up quite often. In fact, it is THE question ;)
As for me I can say i'm up several thousends of Euros. I play like i manage my stocks & shares as someone mentioned before. Usually I deposit 50 and withdraw 100 ( If I win ) This didn't work in the beginning, because like all newbies I had the "reverse withdraw" issue, but I now have a more strict policie on that one. I never reverse, no matter how small the win is. Thats it. It may sound small, but it works for me. I do have to mention that beside all that, my main reason for gambling is for the fun. The entertainment. And as a side note I just love the mathematic-professors always, sooner or later, jumping in on theese kinds of discussions with the "impossible to win in the long term" theory. All I can say is this: The unlikley is not the same as the impossible ;)
P.S No insults where intended with the use of the newbie word, sorry about that :)

So you mean, we can win / profit in the long run? :)
 
So you mean, we can win / profit in the long run? :)

Kasino King has been trying to achieve this in the long term by picking the best casino promotions he can find, and playing them to win. He has also made his records available for review on his own website. With disciplined play, he DOES manage to edge ahead over the long term.

His method however is not about beating games that have a house edge, but about outsmarting the casinos who come up with promotions that temporarily give the player an edge. Operators tend to call this "bonus abuse", and if they see any player doing too well at this, they will ban them from the promotions.
 
So you mean, we can win / profit in the long run? :)

I reallise my post maybe was somewhat provocing, of course one can profit, but most gamblers wont. The keyword here is luck, and maybe disipline, Im just saying how my bankroll looks at the moment. Seems that no one ever belives me when im saying im doing well. But think about it, if i win more than i loose, I will make good money. Thats a fact. Its also a fact that if I run out of luck, my bankroll will look a lot different a few years from now. Theres just no guaranties, thats why it's called gambling. But if I stop gamble right now, at this very moment, yes I made a few bucks ;)
EDIT: In all honesty I hope most people play for the entertainment, not to make money, cause thats just dangerous and spoils all the fun.
 
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Down thousands.

Thankfully my casino habits have now changed and I have limits imposed where I play and make sure I always put away in my savings at least 10 times what I gamble.

I used to gamble to win, now I gamble for entertainment and if I win great.

I never mind losing as long as I feel as though I have had a good run for my money.

My biggest issue is not being able to cash out when I'm up as I get greedy, although I do occasionally manage it.

Overall I'd love to stop gambling but despite several attempts I find it impossible, so now I strictly control the amount I gamble and have done for about 4 years.
 
This is the first year I think I am actually up! About £30k so far so not a bad year!

Maybe I should quit whilst the going's good...
 
This is the first year I think I am actually up! About £30k so far so not a bad year!

Maybe I should quit whilst the going's good...

Maybe spend or invest much of the profit so that it can never go back to the casinos.

Early this year, I had a decent 5 figure win, so got top of the range solar PV installed under the government generation incentives. This turns it into a 20/25 year investment with a return of between 8% and 11% (including return of capital invested after about 6-8 years). Not much change from 11K, and too early yet to predict the actual returns I will get. It is, of course, 11K that isn't going straight back to the casino.

If you spend much of a big win, even if you don't quit, you can't play it all back. This helps you stay ahead for longer.
 
Definitely lose. I've only been a player at online casinos for about 3 months and I'm down about $4000, only a couple of withdrawals and a massive deposit history which I'm afraid to look at. I'm hoping my luck will turn around in the future. I already content at small wins, a big one would drive me ecstatic.
 
I've been gambling for 12 years, but been playing online from 2010, I really don't know how much I've won or lost as I don't keep track of my habit. I can say that I've won a lot and I've lost a lot, but I'm no better off.
 
I definitely have won more since I started playing no zero roulette online. I guess I lost back in the days, but I did not keep track of the moneyflow then. The last couple of years I have kept track of all my wins/losses for ech session everyday. So not only is it incredibly fun to play, it is even more so when you are on a the plus side for some time :)
 
I gamble since a long time, in B&M casinos I mostly played Roulette and lost a lot of money over the years, although I never highroll, but it adds up. Since several years I only gamble online with low stakes and dont keep track. Two years ago I was up several K, but lots of small deposits ate that up in the meantime. My strategy is looking for a good bonus or playing for cash and cashing out if I double or triple my deposit but sometimes I reverse and lose. Wanda made a good point, its the POSSIBILITY that makes me give it one more try. My money pit is RTG :)

Balky
 

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