A question about Gambling addiction

byronbay2

diomed wrote: »

I deposited €50 on Betfair earlier in the year. Profit the last time I looked was €6,432.40 and it has improved slightly since.

Gambling is an addiction if you are losing.
You need to work at it.

Absolutely true: there is no such thing as a winning gambler with a problem!

valoren wrote: »

Can't beat them? Join them.

Buy shares in the Bookies that are listed \O/

Dolla...Dolla!

I bought Paddy Power shares when they floated for about €6 each, sold them for €26 a few years later. Last time I looked they were €72.

Made a good few quid out of it (PP were miles ahead in Online at the time, no Bet365 around) and advised my friends to get involved as well.

Apologies for the after-timing!:o

Kauto

byronbay2 wrote: »

Absolutely true: there is no such thing as a winning gambler with a problem!



I bought Paddy Power shares when they floated for about €6 each, sold them for €26 a few years later. Last time I looked they were €72.

Made a good few quid out of it (PP were miles ahead in Online at the time, no Bet365 around) and advised my friends to get involved as well.

Apologies for the after-timing!:o

€100+ now

Feenix

seamus wrote: »

It depends on what you call "gambling".

There are many people who would call playing poker "gambling" just like betting on horses, but it's not really.

In poker and most similar card games, skill is a key element. Sure, there's an element of chance in terms of the cards that come up, but a skilled poker player with a poor hand can annihilate a novice who's holding a full house. So it's not really "gambling", it's a game of skill. And this is why people can make a living out of it.

Some would argue that the same applies to betting on horse racing and such. That you can study the form and make educated choices in order to make good money.

And that's true to a point. However the bookies stack everything in their favour. The bookies play the game against you and limit the size of your potential win based on your likelihood of winning.

It's like playing a game of poker where the size of the pot is inversely proportional to how good your hand is. That is, when you have a good hand, the pot is kept small. When you have a poor hand, the pot is bigger.

You're being set up to lose from the start.

The only people who win big on gambling are the bookies and the trainers. Between the rewards they get from gamblers and the government, they're practically printing money.

Nonsense. Poker is gambling.

zuutroy

lol professional blackjack player. GL with that.

LionelNashe

Kauto wrote: »

Very simple if you back a horse at 12/1 that you think should be 5/1m you will make money.

Will give you an example tonight in Kilbeggan 6.40. Call Me PJ is 14/1. He will be 7/1 or shorter come race time which is closer to this through odds. If you keep backing horses at longer prices than they should be you will make money.

That was a good call - it was down to 8/1 three minutes before the race.

AnonoBoy

Dots1982 wrote: »

If you think gambling and heroin addiction is the same then it is you who doesn't understand addiction in my opinion.

Now where did I say that?

I was using heroin as a funny example. Y'know, for the funnies!

But the fact that you think that someone can rationally talk themselves out of an addiction shows that you don't understand how addictions really work. Sorry but it's true.

AnonoBoy

seamus wrote: »

The skilled player would never show his hand after his opponent folded, so how would you know? :pac:

I'm a novice poker player and there's f*ck all way I'd fold with a full house mate. Soz LOL - the skilled player can be as skilled as he wants. I still got the better hand and am too much of a novice to know I'm supposed to bow to his 'mad skillz'

kfallon

LionelNashe wrote: »

That was a good call - it was down to 8/1 three minutes before the race.

Did it win?

Dots1982

kfallon wrote: »

LionelNashe wrote: »

That was a good call - it was down to 8/1 three minutes before the race.

Did it win?

no, it would have pissed in was it not woefully hampered before the last and I didn't back it, good pick, not sure what made it a good bet in the form book though if you want to enlighten me Kauto

CardinalJ

About 3% of people who gamble long term break even or better.

I used to bet a lot on southern hemisphere rugby. Would put a good bit of work in mid week and place bets of a few 100 each weekend. I did pretty well. Paid for some holidays and a lot of my bills every month. Then it got harder to make money. Bookies reduced the amount they'd let me bet to a level that it wasn't worth the effort. They also got better at setting odds to a point that I agreed they were right so there was no value in betting.

The problem with gambling is that it's too easy for some people to chase. It's the same logic with guys who trade or but stocks/shares for a living but most of them will know when to quit.

I do think that bookies take advantage of the inherent thrill people get from risk and it's too easy to set up an online account and bet. At the same time people are adults.

AnonoBoy

AnonoBoy wrote: »

I'm a novice poker player and there's f*ck all way I'd fold with a full house mate. Soz LOL - the skilled player can be as skilled as he wants. I still got the better hand and am too much of a novice to know I'm supposed to bow to his 'mad skillz'

What in the name of holy fuk are you on about? You sound like a 15-year old wanna-be rapper.

pickarooney

diomed wrote: »

I've been in the long run and I'm still running.

And €7k on the 2006 English Derby at 17/1
And €12,800 in the 2012 Prix de l'Arc de Triomphe
And €3,000 on the 2013 English Derby
And €4,600 win on Jason Day at 85s in the 2013 US Masters

And in 2016
And €2,700 on the 2016 US Masters (bet €497 at 440/1 Smylie Kaufman)
And €550 Tottenham Hotspur for the Premeier League €10 at 170, €20 at 50
And €2,800 in the 2016 English 2000 Guineas.
And Swansea to beat Arsenal away at 12s
And Leicester to beat Manchester City away at 5.4?
And €100 laying Foundation in the Dante Stakes yesterday.

My Paddy Power account was in profit when I bet with them. Now I bet exclusively at Betfair and my account was and is in profit.

€50 deposited with Betfair this year and a €6,432 profit to date (I actually withdrew all funds and had to deposit €200 to have the winning English 2000 Guineas winning bet at 14/1).

Addicted gamblers are like people who turn up at a payroll window asking for their weeks wages, people who have not worked in the company.

On the horseracing forum someone said they were going to a horse auction next week to buy. From their post it looks like they have little knowledge.
I offered to analyse the 256 horse catalogue and pick out the only horses that are worth consideration. I can do this because I analyse pedigree of thousand of horses, write programs to do analysis, have a pedigree database of 368k horses and other databases, all prepared by me.

My short list is seven horses, but I'm adding and subtracting based on what I'm learning.
- tell him the running record and ratings of the dams of the horses on sale, an important indicator of the likely running ability of the horses in the catalogue, who are all unraced.
- tell the likely distance to suit the unraced horses: will they be sprinters, middle-distance, or long distance runners?

Would you not make a truckload more money from selling the software to mugs?

AnonoBoy

Deleted User wrote: »

What in the name of holy fuk are you on about? You sound like a 15-year old wanna-be rapper.

Are reading comprehension skills that bad on this site? Read what I'm replying to, read my reply and then squeeze up your eyes in concentration and see if you can figure it out.

I'm talking about supposedly seamus' skilled poker player who can magically force a novice with a full house to fold. I was using language sarcastically for the sake of humour. Quite obviously I don't talk like that.

Now what do you not understand? It's really not hard at all.

Dots1982

I still don't understand how people get such a buzz off putting the money down which is what people are saying here. i get that winning is addictive and pleasurable but I never found actually putting the money down as causing anything other than anxiety in my own experience.

captbarnacles

Professional Blackjack player? If you play perfectly the house will only have a very slight edge on you but long term you most likely lose.

Poker is different and there are a lot of professional poker players around who are doing more than running good.

Beefy78

Yeah, there's no professional blackjack players. It's my game, it's all I really play but even playing perfect strategy you can't win in the long-run.

Boom_Bap

Deleted User wrote: »

What in the name of holy fuk are you on about? You sound like a 15-year old wanna-be rapper.

I believe that Mad Skillz was in his early twenties in 1996 on the release of his debut album From Where!?!

https://www.youtube.com/watch?v=IDvMv60Vfc8

Stone cold classic that album.

RIGHTisRIGHT

MagicIRL wrote: »

I'll bet you anything I'll make money from it...

Silly post I mean what are the odds of that?:p

jigglypuffstuff

Dots1982 wrote: »

I know it is politically correct to be extremely understanding of all types of addiction but as a gambler myself there is something i don't understand about gambling addiction.

No one I know has got rich from gambling. People have had big wins but most of the time I think they have given it all back down through the years. Why in that case do people not realise it is a hobby that costs money rather than makes money?

I know some people are stupid and illogical and have no self control. But people like Oisin Mcconville are highly intelligent and come across as logical yet he nearly ruined his life with gambling.

This might come across as a bit superior but sometimes i think the gambling industry gets a bad rap because some punters can't accept YOU ARE NEVER GOING TO MAKE MONEY FROM GAMBLING.

I don't think that's entirely true

I play poker an odd time with some friends.. Usually a group of 8-10.. We all play 5e per person (10e at Xmas) and give 1st place the majority of the pot and second double the initial stake

I've won more than I've lost in these games... We usually meet every 8 weeks or so...I'd say I've placed outside the top two 4-5 times tops....I'm probably just lucky though

Honestly, I do it as a social outlet... It's a bit of fun... I couldn't care about winning or losing

I think I've seen it in the posts mentioned.. I believe the people who are chasing a rush or thrill that tend be in the position of never being able to win..because they are addicted to the process....not the end product

Ive seen chronic gamblers..I know two personally who can go from having €8-10k to asking to borrow €10 in a day or two tops

It's scary really

Maireadio

osarusan wrote: »

Bookies are sad places. I go there every now and then if I've an hour to kill. I can get a free cup of coffee in most of them, and they have live football on at weekends. And you might even win a few quid. A few means maybe 10 as I'll be betting 2 or 3 euro on a something like 4/1 shot. Even then, I'll choose a race that's at least 10 minutes away and spend that 10 minutes trying to inform myself even a little bit. If i lose that I don't bet again.

But the amount of people who bet without any study whatsoever, race after race, is just awful. Walk up to the newspaper pinned on the wall, choose a horse within seconds, place the bet, lose the bet, call the jockey a useless wanker and the trainer a c*nt, and then do it all over again for the next race. It's so sad.

They really are. And in small towns like the one I grew up in, back in the days before online gambling you would see people rush into them furtively, hoping not to be spotted. When I was 18, I was working in a shop at home. My boss came in one day and asked me to go into the bookies to place a bet for him. I just know he didn't want to be seen going into the shop himself, pillar of the community that he was. I had absolutely no hesitiation in saying "Nope!". In fairness, he took my refusal well, as I think he knew he was chancing his arm. :pac: I just have no desire to spend any amount of time in bookie shops. The atmosphere of despair hanging the air.

Maireadio

Dots1982 wrote: »

If you think gambling and heroin addiction is the same then it is you who doesn't understand addiction in my opinion.

One is a psychological addiction, the other is physiological and probably a bit psychological too. Both are very real addictions. They don't have to be the same to both be valid. People don't ruin their lives for nothing.

JupiterKid

Mod:-

Thread is almost a decade old before being bumped this afternoon.

Closed.