How often do people lose in gambling?

Hello everyone. Gambling, be it table games, slot machines, gambling cards or betting on sports, is always accompanied by the risk of losing. Many players dream of big wins, but often face defeats. How often do people lose in gambling?

Hi. The percentage of losing in gambling depends on the particular game and its rules. In most cases, the probability of losing is higher than the probability of winning. For example, in slot machines, the probability of winning is often less than 10%, while in card games such as poker or blackjack, the probability depends on the player's skills and strategy.
Casinos and other gambling establishments usually have a mathematical advantage over players. This means that in the long run, most players will lose more money than they win. This ensures that casinos and other gambling operators are profitable.
Here https://www.choicenotchance.org.nz/understand-gambling/real-life-stories/gabriels-story you can read stories of real players, and see how often people lose at gambling.

The frequency of gambling losses depends on many factors including the type of game, player skills and luck factors. It is important to be prepared for losses and be able to manage your budget and time spent gambling.