Why majority of gamblers still remain so broke and poor.

[TOZZIBLINKZ]

The act of gambling is considered to be one of the most engaged activity in majority of individuals who are searching for ways to make money risk-freely but sometimes I do not consider this a kind of looks free investment or trustworthy monetary participation that any individual who won to successfully make money online should indulge in . Even people who indulge in gambling do not have a clear view and a clear experience on what it means to gamble and that is why they never succeed or achieve anything regarding by gambling and by far they still remain broke and poor . When it come to gambling we must understand that making money via gambling is a 50/50 activity and what that means is that there is every possibility that you could be and there was also every possibility that you could lose . And since gambling is all about prediction , the possibility of you losing is way more higher than the possibility of you winning and most of the time people always lose .

As an individual who want to successfully make money online you must try your best to stay away from Gambling because you may end up losing all your hard-earned money . Nowadays there are a whole lot of gambling websites and stores both offline and online that is sometimes advertised to be risk-free . But they are definitely not what we think they are .

 

[Chibson]

Someone once told me that if I want to succeed in life I should try as much as possible to avoid anything that pertains to gambling because once you get addicted to it all your money will be wasted and your life savings can be exhausted in a day.

Gambling is not something you can rely on for your daily income because anything happen at any time. Even though I have come across a lot of people who seems to be making some good amount of money on it but at the same time they will warn you that it is risky and therefore you should not put any money that you will not be ready to lose.

No matter how strategical you are towards gambling there are some days in which you may lose everything you have made for over a year especially if you are not disciplined enough. Gambling is a game of luck and chance and that is one of the major reasons why it is important for you to stay away from it if you're not emotionally strong and if you're not disciplined enough.

Those who are disciplined can make some good amount of money on it with some strategies and good financial management methods.

 

[CALVINDOL]

In majority of my thread and comments I have always emphasized why it is a very important for an individual who want to make money online or offline should always stay away from gambling websites and betting platforms . All the majority of gambling website and betting platforms nobody's in the internet are considered to be risk-free and less stressful to make a win but to be very sincere there is absolutely no gambling or betting platform or website that is riskfree and even guaranteed for you to be a winner because if there is anything we know about gambling and betting it is basically the fact that it is based on probability that is a 50/50 strategy .

If you are the intention of making legit money online they are a whole lot of websites and platforms that you can indulge your hard-earned money into as an investment rather than wasting it on betting and gambling platforms because most of the time you will always lose your money instead of winning because the potential of an individual to win his lesser than an individual to lose and majority of the time and individual will always lose his or her money because you don't want is so perfect in guessing and probability .

 

[Carpon]

Of course I personally will not expect a gambler to escape poverty and being broke. The act of gambling is a very bad act and most gamblers never become rich and wealthy rather they are like people in a bus driving in tge highway to poverty lack and being broke.
They are usually so because the act of gambling is an addictive one and once one begins you may not be able to stop even when you want to stop.
Gambling is unpredictable and for a business man gambling is a huge step towards killing and bringing your business down instantly.
You invest an amount with the hope that you will get double or triple of it and this is never always so because the game can at many points hi against you.
Therefore personally I do not encourage gambling regardless of the circumstances. Whether you are gaining from it or not it remains detrimental and will one day bring you down to a zero level.
i have never seen a rich gambler all my life because their money is not channelled to the right places but rather to the very wrong ones
And also the potency is there that you feel your luck is a step away and that keeps you trying.

 

[cashisking149]

One word - overround. Most gamblers fail to consider the impact of value in their gambling. Focus is often put on tips and sentiment or in the case of casinos, false hope built on runs of good variance. All of this means nothing without the maths being on your side. Look at a 50/50 sports bet. The odds for this SHOULD be evens on both outcomes or decimal odds of 2.00. But they rarely are. You might find odds like 1.90/1.90. If you divide the chance of an event happening (100%) by the odds (1.9) you will see that the implied percentage of your 50/50 is in fact 52..63% and therefore the chance of either outcome or overround is 105.26%. This means the house edge is 5.26%. You stake is worth that much less as soon as you place it. By undervaluing the actual mathematical odds, they create an edge.

If, however, a bookie gets its pricing wrong and offered you 2.10/2.10 on the coin toss then you stand to make money over time as the overround is now 95.23%. YOU have an edge of 4.77%.

In casinos this edge is reflected the opposite way as a RTP or return to player. In many cases slot games are around 95%. This infers that for every £1/$1 you stake you will get a return of £0.95/$0.95 and so over time you will bust. You may gets wins along the way or a run of good variance but mathematically over enough time you WILL lose. But sometimes when bookies offer free spins on certain slots or games AND the rollover requirements are favourable, the TP is over £1/$1 and those are positive EV (estimated value). Do those offers over time and you WILL make money.

The downside to all this? Bookies and casinos HATE their edge being taken from them via mathematical loopholes and will quickly ban or limit your staking if they catch you doing this. It is possible to continue to make money will large numbers of accounts but doing this long term is difficult and therefore more of a smash and grab.

 

[Godspower Gabriel]

The allure of gambling is undeniable, but the reality is that a majority of gamblers end up broke and poor. One key reason for this is the lack of proper money management and discipline. Many gamblers fail to set limits on their spending or chase their losses, leading to financial ruin.
Gambling can become addictive, causing individuals to prioritize it over other essential expenses. Another factor is the belief in luck or a "get-rich-quick" mentality, leading people to ignore the odds and probabilities of winning. Without a strategic approach and responsible behavior, the majority of gamblers continue to struggle financially, highlighting the importance of mindful gambling practices to prevent devastating financial consequences.

 

[Axis]

Because of the predicting nature of gambling I would say that it is not something that an individual can solely rely to earn a living or to start a financial life. If an individual want to make reasonable and serious money online he or she should avoid anything that has to do with gambling and prediction, because that will only slow his or her progress to see the bigger picture and to see other opportunities that are better when it comes to making money online such as affiliate marketing freelancing copyrighting graphic designing and online eBook publishing. Making money strategies like the ones listed above are considered to be more trusted.