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[–] 44 points 4 months ago
[–] 25 points 4 months ago (8 children)

Does the stock market qualify as gambling?

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  • [+] [S] 20 points 4 months ago (2 children)
  • [–] 5 points 4 months ago (2 children)

    Sort of. It’s more of a scam for rich people to get richer. They let little people pretend it’s a fair game.

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  • [–] 22 points 4 months ago (1 child)

    Say a hundred bucks? I sincerely hate losing money, so if I gamble, it's always with a very limited amount of money, and once it's gone, it's gone.

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  • [–] 2 points 4 months ago

    Yeah same. Once I visited Niagara falls with my bro and we were kind of into poker at the time so we each took 100$ and went to the casino. Got fleeced by a texan looking old guy with a cowboy hat then we went back to our hotel lol. I have many vices but apparently gambling isn't one of them.

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  • [–] 20 points 4 months ago (3 children)
  • [–] 2 points 4 months ago (2 children)

    Why, how much did you lose with it? How did you do it?

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  • [–] 2 points 4 months ago (1 child)

    Was mainly making a cynical joke. That said, my 401k probably does represent the largest gain or loss I’ve had in a week or month; probably even a day, given how wildly the markets can sometimes fluctuate.

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  • [–] 17 points 4 months ago (1 child)

    $20

    That was my absolute limit to waste on gambling, the very few times I went to a casino. In 2000 I went to a "riverboat" casino in Lawerenceburg, IN to play slots and ended up winning $250. Which put me at a net positive for all the gambling I've ever done.

    That was the last time I ever walked into a casino.

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  • [–] 15 points 4 months ago

    Real life money? 0

    Video game money? Highest was ~1e57 (Balatro)

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  • [–] 13 points 4 months ago (1 child)

    $3. Lived in Reno for decades. Would take a buck and go play the penny slots to get free drinks and get plastered with buddies.

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  • [–] 13 points 4 months ago (1 child)

    Lost like $200 on my Son’s bday. He did quite well though!

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  • [–] 12 points 4 months ago

    I spent 2 years doing casino revenue audits. The amount of money the high rollers would loose in one night was disgusting, we are talking 7 figures.

    What blows my mind the most is how the math works out in the long run. A $1 slot machine could have a $100,000 prize but you would have to play it 200,000 time to hit the jack pot. You don't play against the house, you just give them your money.

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  • [–] 9 points 4 months ago

    I have lost 10 million silver lions.

    Never gambled with real money.

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  • [–] 9 points 4 months ago

    I set a $ limit. When it's gone, it's gone.

    $100.

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  • [–] 6 points 4 months ago

    $7 when I bought a lottery ticket.

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  • [–] 6 points 4 months ago

    I got a lottery ticket and won. I traded it in for two new tickets and lost. Oh well... -$6.

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  • [–] 6 points 4 months ago (3 children)

    One hundred whole dollars. Played texas hold'em at a casino in Canada when I was 18. $100 buy-in.

    Sat down at the table, got dealt in, first hand was suited king queen, ended up with a flush, another guy at the table took me all in and it took me a loooong time to call. Soon as I hit that pot I started bullying the other players with my chip count. Then a guy came over and told me I had to move over to the higher-rollers table.

    First hand I'm dealt there? suited ace king. What comes up on the flop? an ace and a king. I slow play the hand, whats the river? another king. I've got a full fucking boat, kings over aces. I go all-in. The only other guy playin calls. I flip mine over, proud. He flips his over, pocket aces. Dude had a full boat aces over kings. Sonofabitch. Left the table, sat outside, called my Dad.

    c'est la vie. Haven't gambled since.

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  • [–] 6 points 4 months ago

    I've been to Vegas once. I played 4 quarters in slots and on my last one, I won $1.25.

    I stopped while I was ahead.

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  • [–] 6 points 4 months ago

    Actual gambling (in actual Las Vegas): around $10.

    Stock market: Considerably more. (But not recently) We were doing quite well there until we weren't.

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  • [–] 6 points 4 months ago

    I've been to casinos twice, and hosted countless $10 buy-in hold 'em games at my place years ago.

    On the poker games I definitely lost out more often than winning anything. But had good times.

    Went to Vegas once for a 311 concert a little over 10 years ago, and obviously went to a casino where I stayed, because I'm east coast, so I go on my farthest trip from home ever to the gambling capital of the world, of course you go to the casino.

    Would have loved to try some Hold 'Em there, but never saw any table games at all running. The only thing I saw happening at all was slot machines.

    Do I brought $50 cash with me one day and left my wallet in the room. Lasted for hours, but lost it all eventually. Which is what I assumed would happen, and why I didn't bring my wallet with me.

    A couple years later the group that went on that trip was going to a casino somewhere within about 5 hours from here. Can't remember where exactly. Not Atlantic City, but somewhere on this side of the country.

    Anyway, actually won about $125-150 or so. Bought fast food dinner for the group with it, kept about $40 or so.

    So given that I had a good time, I'd say I came out ahead.

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  • [–] 5 points 4 months ago (1 child)

    0, gambling doesn't fire off any feel-good chemicals for me, so I don't do it

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  • [–] 2 points 4 months ago

    I tried slot machines in Vegas. Even themed ones for properties like Back to the Future were the single most boring experience I've ever had.

    You'd think they would see mobile games and come up with a fun way to lose money, but they are just a chore.

    I cannot conceive how people sit at those things. At least poker is a fun game. Never played it for money though.

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  • [–] 5 points 4 months ago

    If you don't count investing.

    $2, on a lottery ticket; most I have won is $78. Overall have at least broken even, i think, I don't buy them often, just once had a winning streak of $2, $5, $20, then the $78, all on the same numbers that came from a fortune in fortune cookie I got twice in a row in two different cities that said

    "Battle the enemy as long as there is life."

    If you count investing, 17k, my 401k was halved in a crash at the same time I was laid off from my first real job.

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  • [–] 5 points 4 months ago

    About $50, which is all I was willing to spend that night after my gambling parents dragged me to a casino. Then as I was leaving my father gave me $200 to stay and keep gambling. I stuck around long enough to satisfy him, walked out with $200, so profit $150.

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  • [–] 9 points 4 months ago

    Proud to say I've never used a pokie machine, but I've lost money on things that could be labelled 'gambling.' I was doing quite well on the stockmarket, I had a bunch of shares that were just about to push me significantly into the green, but then trump shat all over it. I lost about $100 USD in the end, which isn't too bad.

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  • [–] 4 points 4 months ago*

    I bet that I could ride a bike (MC), and lost my ability to walk properly.

    Does that count? I don't like to gamble unless my life is somehow in the pot. Money is boring.

    Edit: I see that the title literally says money... so I guess the hospital bills.

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  • [–] 4 points 4 months ago

    £20.

    I was in Chess Club at school (I know, I know, quite the jock!). We played chess. Then we got bored of chess and played backgammon. And backgammon without a bet is dull, so we started gambling. Then gambling became the point of playing. Then we moved on to poker.

    I remember one poker hand. The deck was made up of about five different packs of cards. Jokers, black twos, one-eyed jacks, bedside queens, and suicide kings were all wild. I ended up with a hand of five aces. Two were real aces, three were wild cards. I had to raise. I mean, how can you not raise with five aces? What is the point of playing poker if you don’t raise with five aces?

    Sadly, two other people also had five aces and one of them had three real aces and only two wild cards so they won the hand.

    I lost £20 on that single hand and hated every single moment of playing it because somehow I knew, deep down, that I was going to lose. This was in the mid-1980s, and that was a lot of money for me back then and there were other, far better things I could have dropped it on - LPs were about £5 back then, video games £10 (or £2 for a budget game).

    But, it was a great early lesson on the ‘gotta keep going’ mindset of the gambler combined with the certainty that I was going to lose my money. I’m glad it happened, despite the short term remorse I felt immediately afterwards.

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  • [–] 4 points 4 months ago

    $20. On my birthday and when I get a raise, I buy a handful of lottery tickets.

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  • [–] 3 points 4 months ago

    I never bet more than $20, so $20.

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  • [–] 3 points 4 months ago (3 children)

    Does a few quid on 2p machines count as a loss if I won a rubber ducky?

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  • [–] 3 points 4 months ago*

    Zero, total.

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  • [–] 3 points 4 months ago

    0$ the only time I've ever been in a casino is when I was on a road trip with my family, we stopped there there because we thought it might be a cool way of starting the road trip trying a machine or two, but they made a huge stink about my sister trying to use the bathroom without showing her ID despite the bathroom being literally two steps from the checkpoint station. The experience really put a damper on being there, so we decided just to leave without actually using any machines.

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  • [–] 3 points 4 months ago

    I put $200 into a 50/50 raffle every quarter for a local donor run radio station. Haven't won yet :p

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  • [–] 3 points 4 months ago

    If you can make one heap of all your winnings And risk it on one turn of pitch-and-toss, And lose, and start again at your beginnings And never breathe a word about your loss; Yours is the Earth and everything that’s in it.

    • Rudyard Kipling
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  • [–] 3 points 4 months ago

    DH Texas Hold 'Em Poker.

    If you don't know what it is, it's a shitty poker app on the app store. They are very generous with how many chips they give you whether it is for free or paying $1 or $2. We're talking millions of chips, including bonuses like they have a wheel you can spin with tokens and have rewards.

    The problem with it, is that it is filled to the brim with scammers. I'm not generalizing here, but a lot of them are foreign scammers, along with bots who join up tables even including upper stakes ones. They usually will go All-In almost all of the time and will somehow beat your hand with a petty two pair. Now the scammers are people who could be at any table and they'll spam messages about trying to reach out to them through WhatsApp or somewhere else. They'll want real money in exchange for giving you trillions of chips, its obvious that it is a scam but it doesn't lessen the nuisance factor on top of the bullshit rigging.

    So, this game is very devious to get into and is a clear example of gambling in a nutshell. I forgot how much money I threw down into the game.

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  • [–] 3 points 4 months ago (3 children)

    ~£50,000 overnight fucking around with meme stocks. Good times. 2021 was a wild year.

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  • [–] 4 points 4 months ago (1 child)

    On a rigged game: lost $20 on roulette at Monte Carlo Casino.

    On a fair game: lost $50 at a friends poker night. I was up nicely but went all in on the last hand with a full house and lost to a four of a kind. Great night.

    On an investment: lost $80,000 on stocks at the start of the GFC.

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  • [–] 2 points 4 months ago

    I don’t think you can call roulette rigged. What is presented is what you get, and it’s all just based on math.

    In my mind rigged would mean spots you bet on somehow have a lower chance than any other spot, or there are things going on behind the scenes that make it worse odds than presented.

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  • [–] 2 points 4 months ago

    Gotta open them CS cases! Gold gold gold! Threw away like 20 bucks not too long ago. Though ever since item trading taking 2 weeks did help me gamble significantly less. Also I'm still net positive!

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  • [–] 2 points 4 months ago

    $20 probably. Been over a decade since I played pokies.

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  • [–] 2 points 4 months ago

    I guess around €50 for a poker tournament + re-buy. Not including drinks.

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  • [–] 2 points 4 months ago

    Does stock market count?

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  • [–] 2 points 4 months ago (1 child)

    Only gamabled for one night.

    Told my self "$50 for a couple hours of entertainment? That's fair if you ONLY spend that much. (Here its ~$18 for a cinema ticket. So ~$30 for a movie night for 1)

    Didn't expect to win. Just treat it as a cash for entertainemt transaction, and I can walk away guilt free.

    Think (well, HOPE) I walked away with $200 in the negative. 1 small $10 win leads to one more round, leads to oops, I spent to much. (What I remember, that was only the money on chips, not the drinks.) Never again

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  • [–] 2 points 4 months ago* (6 children)

    stocks /trade should count too. funny how some of the people in wsb are degens, the most recent post i saw someone useing thier 401k for stocks.

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  • [–] 1 point 4 months ago (5 children)
  • [–] 2 points 4 months ago (4 children)

    a retirement account in the usa, in lieu of pensions.

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  • [–] 1 point 4 months ago (3 children)

    Ok, thx 👍

    So it’s basically the same thing as pensions, but you have access to it your whole life?

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  • [–] 2 points 4 months ago

    Guessing by the kind of people who use lemmy, probably not from conventional casino or lottery, but stocks/crypto or, less likely, gacha game.

    Lost some money from stock myself.

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  • [–] 2 points 4 months ago

    Probably the $50 or so I spent on TF2 keys eons ago

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  • [–] 2 points 4 months ago

    Well, I've never gambled for money. But I did once bank the next few rounds of a major boss battle on a called shot to the villain's arm to try and disable his most dangerous attack.

    I missed, and the cleric was pretty mad that I wasted an attack and got slapped into a wall by a demigod for it.

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  • [–] 2 points 4 months ago

    Zero because gambling is for idiots.

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  • [–] 1 point 4 months ago (1 child)

    I once won a voucher at a congress fair boot for about 25 bucks for visiting a casino. But then I noticed that the casino was basically at the other end of the city, and getting there would be time consuming and expensive.

    So i didn't go. Does that count as gambling loss?

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  • [–] 1 point 4 months ago
    [–] 1 point 4 months ago

    Based on how much I walked into the casino with or how much I was up?

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  • [–] 1 point 4 months ago

    Over my lifetime, I'm up probably around $800.

    Most lost at once, $20.

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  • [–] 1 point 4 months ago

    I should check my old steam cs:go opening cases for birthday back in school.

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  • About 24 Euro for a lottery ticket

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  • [–] 1 point 4 months ago

    Depends on where you draw the line.

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  • [–] 1 point 4 months ago

    Pretty sure I've never exceeded £50, but I reckon I've been close a few times. Slot machines.

    It's worth mentioning that this never happens more than once a year and there are years where it doesn't happen at all, like most of them recently.

    I've won big a few times too, but never more than £50, and on the whole, I've never made back what I've put into them.

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  • [–] 1 point 4 months ago

    Does crypto and sports betting count? Even fantasy football is a way of gambling...
    At the tables $5. And didn't enjoy it :D

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  • [–] 1 point 4 months ago (1 child)
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    [–] 1 point 4 months ago
    [–] 1 point 4 months ago

    $20. I don't enjoy gambling.

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  • [–] 1 point 4 months ago

    Not exactly gambling but lost like 3 grand one day trading crypto. Been longing coins with some promise, shorting dumb rugpulls, back and forth on some volatile stuff, getting a few extra bucks a day in the background for a couple years at that point, but I was stressed the fuck out that day and, on impulse, in between extinguishing other fires going on in my life, I basically put an extra 0 or two into the order amount. It was the correct bet otherwise, but I didnt have enough collateral and got margin called. Overall net positive if discounting my time, but I'm still hesitant to return to trading

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  • [–] 1 point 4 months ago

    In highschool I bought $20 in raffle tickets and won a $120 mini fridge that I used throughout college. I would get happy feelings when looking at that fridge for years.

    Only positive feelings I ever got from gambling.

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  • [–] 1 point 4 months ago

    $5 A couple friends and I all put in 5 bucks to watch one of us spin slot machines on some gambling website. We lost it all eventually, but for a couple hours we were all in a discord call cheering when we won 50 cents here and there. All in all it was cheaper than a movie ticket and more fun to.

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  • [–] 1 point 4 months ago
    [–] 1 point 4 months ago

    400 I think it was at the casino. 19 young and dumb, did it once. Now I refuse to go near any poker machines even, which is pretty hard if you're in Australia. It's fucked there.

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  • [–] 1 point 4 months ago

    With how much Xbox talks about losing gamers to sports betting apps in the “attention economy”, I’m really glad to see this thread isn’t 90% just “lost $10k on fanduel during the Super Bowl”

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  • [–] 1 point 4 months ago

    about $20 at those video poker machines in small bars. won $5 once

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  • [–] 1 point 4 months ago

    The first time I ever gambled, I put $20 into a slot machine, a few minutes later I was up to $60, and another few minutes down to $0. So, I don't know if you'd consider that losing $20 or $60, but that's the most I ever lost in a day.

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  • [–] 1 point 4 months ago

    20, poker. Was still up though.

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  • [–] 1 point 4 months ago

    Mostly a dollar or so with lottery tickets. Had a work thing where they gave us a seed and blew that. Never more than a hundred and I can years without doing gambling of any kind. Oh someone suggested stocks. I have 401k and ira. They sorta gain and lose all the time.

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