Why 98 percent people loss in gambling

[Ali saher]

Hey friends,

I play and watch gambling last 2 and half year in my experience 98 percent people loss playing gambling just few player make some profit when I start gambling I lose so much but after some time I recover every thing I think when we try to.make big money then we lose if we play telex game then we safe,

What you think why mostly people lose in gambling because they want big money within small time or you think some other reason

[weswayahe]

maybe too much to expect something big and can not give up if you experience it. that's what I have experienced and have had a huge loss in gambling. if you can apply the word "enough" whether you lose or win can be an effective antidote in this business

[barbaris]

This is because we are all greedy and want more and more, only because of this we constantly lose. Greed will destroy us all. But who knows when to stop? It's a vicious circle. I think that luck will visit us soon.

[skywallkee]

Because, we're humans and no matter how much we don't want to admit it, people SUCK HARD at numbers and probabilities. When we'd think something has a 50/50 chance,  then there is no way of hitting 30 of the same in a row. Well, there are chances and are pretty big, that's 0.00000013% chance of hitting. If there's 1000 concurrent users on stake, then the chance of 1 player hitting it is 0.00013%, if you think that one player does roughly 1 bet per second, then you'd get that 1 player gets 30 of the same in a row with 100% chance every 9 days (bear in mind, 100% chance) and for 50% chance it only takes 4 days and 12 hours. But still, for you that might still sound not that much, right? You can't be "THE USER" that hits exactly 30 in a row as there are 1000 people that keep betting, right? Well, the chance to be that user is not that small. 0.001% chance to hit it is not small. But again, if let's say you "escaped" in the first round and didn't get picked, right? Well, you still have 0.001% chance of losing in the next 4.5 days. And let's face it, 0.001% is similar to hitting 16 in a row. How often does that happen? Well... if you'd ask anyone playing dice they'd tell you that very often.

Again, those are just for 50/50 chance and assuming 1 bet per second, the bet speed can be higher and the number of players can be much bigger (meaning that the result will be met WAY more frequent, to about at least once a day).

[CrispyKamote]

It basically comes down to two things, greed and luck. Well, sometimes even greedy people get away with it because their lucky and lucky people win small because they play too safe. I think it comes down to finding the right balance of greediness, if that makes sense. 😁

[Ali saher]

On 2/3/2020 at 5:02 AM, skywallkee said:

Because, we're humans and no matter how much we don't want to admit it, people SUCK HARD at numbers and probabilities. When we'd think something has a 50/50 chance,  then there is no way of hitting 30 of the same in a row. Well, there are chances and are pretty big, that's 0.00000013% chance of hitting. If there's 1000 concurrent users on stake, then the chance of 1 player hitting it is 0.00013%, if you think that one player does roughly 1 bet per second, then you'd get that 1 player gets 30 of the same in a row with 100% chance every 9 days (bear in mind, 100% chance) and for 50% chance it only takes 4 days and 12 hours. But still, for you that might still sound not that much, right? You can't be "THE USER" that hits exactly 30 in a row as there are 1000 people that keep betting, right? Well, the chance to be that user is not that small. 0.001% chance to hit it is not small. But again, if let's say you "escaped" in the first round and didn't get picked, right? Well, you still have 0.001% chance of losing in the next 4.5 days. And let's face it, 0.001% is similar to hitting 16 in a row. How often does that happen? Well... if you'd ask anyone playing dice they'd tell you that very often.

Again, those are just for 50/50 chance and assuming 1 bet per second, the bet speed can be higher and the number of players can be much bigger (meaning that the result will be met WAY more frequent, to about at least once a day).

Ohh very nice you explain this thing very clearly and how game give results you explain this I think if we play some responsible game then our losing chance so low

[AnnieGrace]

Yes, you're right, 98% of players lose their coins in casinos. But there is 2%! They win. These are people who can tell themselves: stop! pick up coins and go relax! Such players do not think: wow! I won 1btc. Now I will do 2btc. Not! Such players take their 1btc and leave. They know that one will not become two. Stay after winning the casino and there will be zero   This is a common reality. This often happens to you in life. Everything is in order, the children are in order. But suddenly: BOOM! Everything begins to crumble. You had a fight at work. The son broke the window. This is the usual mishap It is not necessary to blame the black cat for this

[Etude]

Well this is quite an accurate statement about gambling since the house would tend to always win it all in the very end given that the players are always at a disadvantage from the very beginning. 

[j240]

Hello there,

In my experience the more greedier you get the more you wont win anything. Most of the time when i almost x2 my balance i stop cause its already on profit , but when i want to increase much, i lose them all even with playing patiently with small bets , house will always comes at you especially when theres a spike in your bets , once you all in or increase your bet 3 to five times of your regular bet this where the house hits you.

[cryptofly]

Eddie came to the chat few days ago; he is always around, I know, but this particular time he type that one of reasons for a gambler to loss is because no matter if the gambler is on green he keeps gambling and gambling.  He said, Eddie said, that once you are in profit you have to leave the site and stop gambling.  So, from my opinion, greed is the most dangerous things a gambler can get while gambling.  A successful gambler should know when to stop.  I don´t know when, so I am not in that 2 percent.  My bad.  Good luck. 

[galant168]

i think every person has a reason to do gambling. i know some for fun and some persons make gambling as a job. so every lose is depend on that person. some happy and some will crazy. i do gambling for fun with a some money if i lose than no problem to me. yeah we will know when the gambler who cant except the lose. gambler never stop until last money even they lose lol.

[dolphinpuke]

because they don't quit while they are ahead

[mark0127]

don't know how to control emotion.

[Ali saher]

15 hours ago, cryptofly said:

Eddie came to the chat few days ago; he is always around, I know, but this particular time he type that one of reasons for a gambler to loss is because no matter if the gambler is on green he keeps gambling and gambling.  He said, Eddie said, that once you are in profit you have to leave the site and stop gambling.  So, from my opinion, greed is the most dangerous things a gambler can get while gambling.  A successful gambler should know when to stop.  I don´t know when, so I am not in that 2 percent.  My bad.  Good luck. 

Yes you say right because when we make some profit then we think we easily win more big money then lose all because on gambling you not make money easily you just need use your lucky time when you make some decent profit you must take a break 

[play4win]

Well i think most people dont know when to Exit . I hear people say i made  0.002 btc from 5k sats . thats a whooping 4000 % win . Bank gives 6 % a year . Still we want more . Greed is the big factor of Our loss . Play tactfully  and take profits and Exit .

[evet]

It mostly because we don't withdraw once we are ahead. Tendency is that we want more because we think that we can earn more because we have a high bankroll but we end up losing it all instead.

[Lymieng]

From my experience, losing is because I was never contented of what I have. 

[Saaho2019]

Many reasons can be postulated  for a losses in gambling based on my experiences i will try to explain some

1. NO goal 
2. betting more than you initial thought
3. rage depositing / rage betting
4. Not withdrawing after winning some its advised to at least withdraw your capital investment so if you loose some in further betting you only loose initial capital

if one be cautious on these steps some damages can be controlled

[Manish000]

98 % of the people loss in gambling because peoples lack discpline while playing. 

[sahil777]

no not 98% people loss lol its a wrong observation you can say 70% or max 75% and if someone is losing he or she also win after some loss as well, if you see here at stake many people won very big everyday, its just depends how you manage your bankroll and how you manage your funds.

[balancedplayer]

We can make money in gambling but the problem is we cannot make 10btc out of 50k sats we deposit... That's why we loose

[Ali saher]

20 hours ago, play4win said:

Well i think most people dont know when to Exit . I hear people say i made  0.002 btc from 5k sats . thats a whooping 4000 % win . Bank gives 6 % a year . Still we want more . Greed is the big factor of Our loss . Play tactfully  and take profits and Exit .

Yes I think you say right mostly people want so big multiplayer profit and this is not possible for every one that's why mostly lose I think if you set a small target even 2,3 X target your balance then I think your losing chance very low

[Lexus19]

A casino is not a charity that distributes money, a casino is a business, and a business should be profitable, who needs a loss-making business .  Second, we play against the computer, the computer is always smarter, more cunning, changes the strategy faster than we have time to understand what happened .

[Shekhar1992GL]

Its gambling
To win/Make profit we need to follow some rules....

-Never play max bet at any time and at any cost
-Never keep all of ur balance in 1 account to play (keep some on other account or wallet)
-Never forgot to cashout some of ur profit time to time
-Never increase ur target after reaching old target in smaller time period then expected 
-Never be too greedy
 

[Ali saher]

13 hours ago, Shekhar1992GL said:

Its gambling
To win/Make profit we need to follow some rules....

-Never play max bet at any time and at any cost
-Never keep all of ur balance in 1 account to play (keep some on other account or wallet)
-Never forgot to cashout some of ur profit time to time
-Never increase ur target after reaching old target in smaller time period then expected 
-Never be too greedy
 

Ohh very nice I think this is good rules for gambling and I think if we follow these rules then we must do good when I play on these rules I must do good but some time during game we made some mistakes that's why the end we lose all