Whats the main reason most gamblers become bankrupt after gamble for around 10 years?

[jymifalcon]

Most people keep chasing losses thinking the next big win will cover everything, but slowly they dig deeper holes without realizing how fast interest and borrowing spiral out of control.

 

[jurongkechil]

Most people keep chasing losses thinking the next big win will cover everything, but slowly they dig deeper holes without realizing how fast interest and borrowing spiral out of control.

Wow...

 

[Charlie99]

Danny Ocean’s famous quote

Because the house always wins.Play long enough, you never change the stakes, the house takes you.

I agree.
I have not heard of any casino going bankrupt.
On average, the casinos are not afraid of gamblers winning huge amount of money, as long as the gamblers return. After several visits, I believe that most gamblers lose.

 

[jurongkechil]

I agree.
I have not heard of any casino going bankrupt.
On average, the casinos are not afraid of gamblers winning huge amount of money, as long as the gamblers return. After several visits, I believe that most gamblers lose.

Surely there is one person out of a few thousand,that can win regularly?

 

[shittypore]

https://www.bloomberg.com/news/features/2018-05-03/the-gambler-who-cracked-the-horse-racing-code