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modern.shaman
San Mescalito




Registered: 05/09/12
Posts: 3,224
Loc: Zone 13
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Is gambling only considered a 'problem' if you lose money?
#23964674 - 12/29/16 04:55 AM (7 years, 1 month ago) |
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I'm self aware that I have an addiction personality and tend to over do things be it drugs, new hobbies, and most recent gambling.
For the time being I'm not self destructive and the amount I'm risking is not gonna needed to pay any bills or w.e. and would probably have gone into a hobby at some other time.
Currently I'm up a little more than 400% in hand from my original $200 dollar 'investment' with another 60 in play with return of around 100% expected. This return rate is within just 1 week. I started originally playing poker and was up 50 but lost 100 after a few days. After I realized I'm not as good as I thought at hold em' I was gonna just cut my 50 dollar losses and cash out but then saw sports betting. I don't follow or watch sports but thought he'll way not so I played around 15 at first and won so I started betting a bit more and even bet on spreads without knowing what they ment. I lost a few bets but overall was up. Then I got cocky and started betting $100+ after learning about spreads and now also learned I could accumulate bets to compound return rate and am well in the green. But now I am wanting to bet EVERY DAY even considering betting on overseas games just to bet.
Is gambling considered a problem if your ROI is positive? After learning about spreads and accumulating bets I can bet less and potentially earn similar returns. I'm I just kidding myself about this being a hobby or do I have a problem?
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Niffla



Registered: 06/09/08
Posts: 46,489
Loc: Texas
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Re: Is gambling only considered a 'problem' if you lose money? [Re: modern.shaman] 1
#23964689 - 12/29/16 05:12 AM (7 years, 1 month ago) |
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Thing is the system is built to beat you in the end. Sure you can come up here and there but over the long run more will be going out of your pocket than coming in.
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HAIL OUR NEW OTD KING
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TheFakeSunRa
Bitch Splitter



Registered: 03/01/05
Posts: 16,449
Loc: Dirdy SOUF
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Re: Is gambling only considered a 'problem' if you lose money? [Re: Niffla]
#23964704 - 12/29/16 05:42 AM (7 years, 1 month ago) |
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Quote:
Niffla said: Thing is the system is built to beat you in the end. Sure you can come up here and there but over the long run more will be going out of your pocket than coming in.
That's what I was going to say. The house always wins over time.
-------------------- [quote]Asante said: You constantly make posts thatr fling middle school insults at people you don't like mixed in with maladjusted psychopathic comments about wanting to beat up the other poster with a crowbar. You know how shit you are, you just don't give a fuck for precisely that reason. I disendorse you.[/quote]
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Patlal
You ask too many questions


Registered: 10/09/10
Posts: 44,797
Loc: Ottawa
Last seen: 11 hours, 27 minutes
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Re: Is gambling only considered a 'problem' if you lose money? [Re: TheFakeSunRa]
#23964753 - 12/29/16 07:04 AM (7 years, 1 month ago) |
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Poker is a skills game with luck thrown in there. Like sports essentially.
Betting on sports without knowing about sports is pure gambling and right now you're in a position where you should quit while you're ahead. Sooner or later statistics will catch up with you.
So yes, if you feel the need to bet, it's the beginning of an addiction.
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demiu5
humans, lol


Registered: 08/18/05
Posts: 43,948
Loc: the popcorn stadium
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Re: Is gambling only considered a 'problem' if you lose money? [Re: modern.shaman]
#23964816 - 12/29/16 07:40 AM (7 years, 1 month ago) |
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yes, even if all you ever do is win, gambling may/can be a problem. there are more ways than your wins/losses to measure the issue
-------------------- channel your inner Larry David
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Shiithead
Your Huckleberry



Registered: 04/05/13
Posts: 9,997
Loc: God's Flat Green Earth
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Re: Is gambling only considered a 'problem' if you lose money? [Re: modern.shaman]
#23964837 - 12/29/16 07:56 AM (7 years, 1 month ago) |
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It's a problem when you start planning to end your life lol
Losing has helped me turn my shit around. I'm not gonna stop but for now I'm done.
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Ephesians 6:12 For we wrestle not against flesh and blood, but against principalities, against powers, against the rulers of the darkness of this world, against spiritual wickedness in high places. Psalm 12:6 The words of the Lord are pure words: as silver tried in a furnace of earth, purified seven times. Hebrews 11:3 Through faith we understand that the worlds were framed by the word of God, so that things which are seen were not made of things which do appear. Revelation 3:11 Behold, I come quickly: hold that fast which thou hast, that no man take thy crown.
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TheFakeSunRa
Bitch Splitter



Registered: 03/01/05
Posts: 16,449
Loc: Dirdy SOUF
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Re: Is gambling only considered a 'problem' if you lose money? [Re: Patlal]
#23964839 - 12/29/16 07:59 AM (7 years, 1 month ago) |
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Quote:
Patlal said: Poker is a skills game with luck thrown in there. Like sports essentially.
Betting on sports without knowing about sports is pure gambling and right now you're in a position where you should quit while you're ahead. Sooner or later statistics will catch up with you.
So yes, if you feel the need to bet, it's the beginning of an addiction.
If you bet and play cards outside of casinos and away from professional bookmakers and you're very skilled you can come out ahead.
-------------------- [quote]Asante said: You constantly make posts thatr fling middle school insults at people you don't like mixed in with maladjusted psychopathic comments about wanting to beat up the other poster with a crowbar. You know how shit you are, you just don't give a fuck for precisely that reason. I disendorse you.[/quote]
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Patlal
You ask too many questions


Registered: 10/09/10
Posts: 44,797
Loc: Ottawa
Last seen: 11 hours, 27 minutes
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Re: Is gambling only considered a 'problem' if you lose money? [Re: TheFakeSunRa]
#23964841 - 12/29/16 07:59 AM (7 years, 1 month ago) |
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Quote:
TheFakeSunRa said:
Quote:
Patlal said: Poker is a skills game with luck thrown in there. Like sports essentially.
Betting on sports without knowing about sports is pure gambling and right now you're in a position where you should quit while you're ahead. Sooner or later statistics will catch up with you.
So yes, if you feel the need to bet, it's the beginning of an addiction.
If you bet and play cards outside of casinos and away from professional bookmakers and you're very skilled you can come out ahead.
What's wrong with casinos?
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TheFakeSunRa
Bitch Splitter



Registered: 03/01/05
Posts: 16,449
Loc: Dirdy SOUF
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Re: Is gambling only considered a 'problem' if you lose money? [Re: Patlal]
#23964847 - 12/29/16 08:01 AM (7 years, 1 month ago) |
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They got it figured to a tee. Over time they always beat everyone.
-------------------- [quote]Asante said: You constantly make posts thatr fling middle school insults at people you don't like mixed in with maladjusted psychopathic comments about wanting to beat up the other poster with a crowbar. You know how shit you are, you just don't give a fuck for precisely that reason. I disendorse you.[/quote]
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Patlal
You ask too many questions


Registered: 10/09/10
Posts: 44,797
Loc: Ottawa
Last seen: 11 hours, 27 minutes
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Re: Is gambling only considered a 'problem' if you lose money? [Re: TheFakeSunRa]
#23964849 - 12/29/16 08:03 AM (7 years, 1 month ago) |
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Quote:
TheFakeSunRa said: They got it figured to a tee. Over time they always beat everyone.
Not at poker they don't.
Absolutely everything else yes. But no Hold'em
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TheFakeSunRa
Bitch Splitter



Registered: 03/01/05
Posts: 16,449
Loc: Dirdy SOUF
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Re: Is gambling only considered a 'problem' if you lose money? [Re: Patlal]
#23964871 - 12/29/16 08:17 AM (7 years, 1 month ago) |
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Just the fee to enter the tournament is a loser.
-------------------- [quote]Asante said: You constantly make posts thatr fling middle school insults at people you don't like mixed in with maladjusted psychopathic comments about wanting to beat up the other poster with a crowbar. You know how shit you are, you just don't give a fuck for precisely that reason. I disendorse you.[/quote]
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demiu5
humans, lol


Registered: 08/18/05
Posts: 43,948
Loc: the popcorn stadium
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Re: Is gambling only considered a 'problem' if you lose money? [Re: Patlal]
#23964874 - 12/29/16 08:18 AM (7 years, 1 month ago) |
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Quote:
Patlal said:
Quote:
TheFakeSunRa said: They got it figured to a tee. Over time they always beat everyone.
Not at poker they don't.
Absolutely everything else yes. But no Hold'em
they still pull a rake on every pot, greatly diminishing one's overall wins
-------------------- channel your inner Larry David
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Patlal
You ask too many questions


Registered: 10/09/10
Posts: 44,797
Loc: Ottawa
Last seen: 11 hours, 27 minutes
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Re: Is gambling only considered a 'problem' if you lose money? [Re: demiu5]
#23964910 - 12/29/16 08:39 AM (7 years, 1 month ago) |
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Quote:
demiu5 said:
Quote:
Patlal said:
Quote:
TheFakeSunRa said: They got it figured to a tee. Over time they always beat everyone.
Not at poker they don't.
Absolutely everything else yes. But no Hold'em
they still pull a rake on every pot, greatly diminishing one's overall wins
That's part of the game
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demiu5
humans, lol


Registered: 08/18/05
Posts: 43,948
Loc: the popcorn stadium
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Re: Is gambling only considered a 'problem' if you lose money? [Re: Patlal]
#23964914 - 12/29/16 08:41 AM (7 years, 1 month ago) |
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and easily avoided by not playing poker at a casino
-------------------- channel your inner Larry David
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Patlal
You ask too many questions


Registered: 10/09/10
Posts: 44,797
Loc: Ottawa
Last seen: 11 hours, 27 minutes
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Re: Is gambling only considered a 'problem' if you lose money? [Re: demiu5]
#23964915 - 12/29/16 08:42 AM (7 years, 1 month ago) |
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Quote:
demiu5 said: and easily avoided by not playing poker at a casino
Where else can you play that isn't illegal?
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modern.shaman
San Mescalito




Registered: 05/09/12
Posts: 3,224
Loc: Zone 13
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Re: Is gambling only considered a 'problem' if you lose money? [Re: Patlal]
#23965325 - 12/29/16 11:38 AM (7 years, 1 month ago) |
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What edge does the house have with sports bets? I know sports just not enough to play fantasy sports where you pick players and shit. With sports bets house always gets like 3% from total bids and pays out based amounts bet against you. They might back a few bets but basically always get 3% regardless of outcome. Card/slots are all at a house edge of 10% plus.
I do think it is starting to become an issue so I'll probably cash out most and leave 50 dollars to keep playing with until gone. If I'm lucky I'll have a small profitable hobby but I'll quit while I'm still ahead
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PatrickKn


Registered: 07/10/11
Posts: 20,563
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Re: Is gambling only considered a 'problem' if you lose money? [Re: modern.shaman]
#23965339 - 12/29/16 11:47 AM (7 years, 1 month ago) |
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The rake does add up against you, as does the odds they make available in sports betting. There are some online hosts I used to play on that became unprofitable when they increased their rakes.
I could never get too into sports betting as I'm just not that into sports, but as I understand it they can set up the odds in a way that there is a definite house edge. If the house edge is lower it can be good (well... better anyway), but other sports books may have the edges stacked in a way that it's honestly better to just play (single-deck) blackjack even if you are good with predicting sports wins.
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PatrickKn


Registered: 07/10/11
Posts: 20,563
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Re: Is gambling only considered a 'problem' if you lose money? [Re: PatrickKn]
#23965342 - 12/29/16 11:49 AM (7 years, 1 month ago) |
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All has to do with how much they pay out for a win vs. how much you lose for a loss. The house has a definite edge with most sports bets. You can keep those odds down by going for promotional bets and stuff, but that's not viable in the long run. Some of the best sports betting runs are going for the riskiest best, and then it just comes down to good luck really.
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SARAtonin
Violent Dreams


Registered: 09/28/11
Posts: 15,911
Loc: Deutschland
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Re: Is gambling only considered a 'problem' if you lose money? [Re: PatrickKn] 1
#23965344 - 12/29/16 11:50 AM (7 years, 1 month ago) |
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Any addictive impulse is a "problem" if you ask me.
-------------------- God kills indiscriminately and so shall we. For no creatures under God are as we are none so like him as ourselves. Want to join a cult? Click for details…
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LSDollar


Registered: 02/09/15
Posts: 2,361
Loc: Up Up and Away
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Re: Is gambling only considered a 'problem' if you lose money? [Re: SARAtonin]
#23965365 - 12/29/16 11:58 AM (7 years, 1 month ago) |
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Ive had problems gambling. It really sucks to lose, then lose more. Its one hell of a high when you make 300$ into 4900$
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