Do most people lose all their money at the casino?
Question by .: Do most people lose all their money at the casino?
99% of the time i see people lose ALL their money when they gamble at the casino for an hour or two….regardless if it’s blackjack, roulette, or the slots. Sure a small percentage will OCCASIONALY win a few hundred, but the VAST MAJORITY lose all their money.
Am I wrong?
Best answer:
Answer by Magic Stink
most people lose what they were willing to lose, all idiots lose all their money, even when they win they still carry on until they lose
What do you think? Answer below!
8 Responses to “Do most people lose all their money at the casino?”
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Well, enough people loose enough money to keep the casinos in business.
When I used to go to the casino, I brought “Gambling Money” this was money I could afford to loose, if I lost it, I quit, If I had a winning streak, I’d take my “Gambling Money” out of the pot, and I called the remainder the “Casino’s Money”, and then I’d play on that until I got tired or lost it all.
Like most who follow the pareto rule see that it is the 80/20 rule that 80 percent of gamblers lose money and 20% win. Those who follow professional sports handicapping advice are the few who end up profiting aside from the ones who develop algorithimic and arbitrage strategies.
You are wrong.
You think that most of the people lose ALL their money? How much money do you think they have? Do you think most people bring all of their money to a casino? I have many bank accounts and I have money in retirement and in the stock market. I don’t take this money to the casino with me.
People usually have a budget and they take what they think is appropriate to the casinos. Every time I go to the casinos, there’s a line at the casino cage. There wouldn’t be a line if everyone lost all of their money.
I believe most people are pretty responsible when they gamble. There is a handful of people who get out of control and lose too much, but they are by no means the majority.
Are you wrong? How should I know?
You said 99% of the time you see people lose ALL their money. For me to say you are wrong, would mean that I’m calling you a liar. I don’t know you well enough to say that. If that’s what you saw, then that’s what you sayw.
I can say that even if that’s what you saw, I’m sure that 99% of people do not lose all of their money after an hour or two. If they did, that wouldn’t be fun, and they’d never come back, and the casino would go out of business.
I’d say that a high percentage of people lose more than they win, that’s common knowledge.
Like most people are saying people dont lose ALL their money they lose whatever they bring along with them.
Money is a powerful thing so people tend to want a lot of it. people that are money hungry spend their money and lose it all or most of it. Some people do not know when to stop gambling, because gambling can become a heavy addiction for the time you are gambling, thus you lose money. The casinos know this and take advantage of it. in most cases you will lose your money over bad addiction. there is no “luck” in gambling they(casinos) make sure some people win and some people lose so they gain money instead of losing it.
So to answer your question truly, Yes, most people lose their money in casinos. Not all their money but a good ration of it.
No. Not the intelligent ones. Gamblers who know their limits only bring the money they can afford to lose with them.
There is also 1% of people who wins those 99%’s money. Casinos are not giving you money, they are giving you a fair chance to win, and sometimes to win big.
For example, a number of online casino players make $20, $30, $50 or $100 deposits, get $20 – $100 bonus and loose the money in an hour or two. They should wager a certain amount 10x – 35x deposit in order to get the bonus and after such wagers they have a zero or small positive balance. Even if they win a hundred or two – that’s not a big deal to withdraw, it’s better to play further for a bigger payoffs.
However, there are high rollers, high stakes or pro players who make $1,000 – $5,000 deposit and collect some $1000+ in bonuses. They play aggressively and sometimes win $10,000 – $25,000 – a nice amount of money to withdraw.
That’s the nature of gambling. When you win, you’re pleased and encouraged to play some more. It’s only when you’re losing that you’re motivated to stop playing and even then there’s motivation to try and win it back. It’s this fundamental algorithm that results in people playing till they’ve lost all their money, now if they stopped playing when they win…