woo pee, Huu Wee, Jackpot, and so many more words like this are often heard when a person wins the lottery or wins a gamble. Winning is one thing that we all want to affirm ourselves with including in our finance and it is no surprise that people are always around lottery or gamble winners. C'mon, if we will be sincere, this people will a very good amount of money, say $200k, $500k, and some cases millions of dollars but then, do everyone win every-time?
Lets look at the egg and the chicken story, yeah,I won't go into it but then, sport and gambling are like the hen and the egg, seeing that even in sport, people still bet and gamble a lot. Gambling is a multi billion dollar industry built on the losses of gamblers. Las Vegas, Social Casinos (Online game Casino's) and Betting sites have become a very big industry where revenues are made on a daily but the chances of their players winning is next to zero.
The truth is we all want to be rich, we all want to have a taste of being a millionaire but it looks like our work, jobs and businesses cannot give us this wealth but when it involves gambling, there is a believe that luck could shine and give them the millions in one day.
It is very possible to win one day with gambling no doubt, but what are the odds of winning. The American Roulette has 38 Slots with 18 Red slots, 18 black slots and 2 green slots. with this, the odds of hitting a green while rolling is minimal compared to the odds of betting on the red or black but then the odds of betting on a black and winning a black is low because the roulette is being rolled. The slot machine is the most popular gambling machine which has made a lot of people lose money and when they win, they win less than what they have lost.
Gambling has made a lot of people lose so many things including houses, cars, belongings and so on but then why do people who gamble keep gambling, it is because it is addictive.
If gambling is a game of luck and chance, what about Poker and Black Jack? A lot of players say it is a game of calculated risk and not a game of gambling. I ask who wins the most then when playing the black jack and the answer is The Casino
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We all know that casino is in the business of gambling but then, what do you say about day trading. This is a point where a lot of people will argue with me because some believe it is not gamble and others just have it in their mind that it i gambling.
Even when you roll a dice,bet on a game, or even play any other type of gambling games, it is possible that you win, but the odds of winning is very low making the odds of you becoming a millionaire low as well but for the person in the gambling business, they make millions in revenue because the odds are in the favour of the board.