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Topic: Can gambling be profitable in long term ? - page 125. (Read 112258 times)

hero member
Activity: 700
Merit: 500
Gambling in long term is not profitable because there is a thing we call "house edge" where the longer you play the often you lose until you lose all your capital. The one that gets profit and lose nothing is the owner of the casino or gambling site because many people or gamblers think that they'll get rich from gambling but it's not but the owner of that casino or gambling site.  Grin
sr. member
Activity: 322
Merit: 250
It is possible but only when you play games like poker that also require some skill and where you play against other players and not against the casino it self. That way you can make much money if you are good.
sr. member
Activity: 364
Merit: 250
It can be profitable if you are a professional. But most of us will only lose and keep on losing when we gamble. It's the nature of this game.
hero member
Activity: 714
Merit: 500
Two types of gambling involves some level of skill, one is Poker other is Sports Betting and if you're good at it then they might prove to be profitable in long run.
No i'm not agree with you because skill and analysis only for make it low risk and in fact luck is back all of that and for long run. how long the gambler can hold out to not lose in a day?

Sports betting IS profitable, but only in the long run. I've had days where I lost a year's salary, but in the long run you profit. You just need to know how

I am earning small profits from sports betting since a long time, I don't gamble huge but with minimum bets I earn descent amount, and I bet only on those sports whom I follow.
hero member
Activity: 518
Merit: 500
very likely that gambling can be profitable in long term. but with several conditions. you play is not always frequent, not greedy, able to control yourself, and always have a target. strategies and knowledge is also very helpful
yes its likely to happen in some case,people who love gamblng will play with good plan and stategy,its how they learn from loss and start rise with better won,and i'm sure outhere many people make profit in long term from gambling.
but i never meet that people,anyone know who has that record?
M0w
full member
Activity: 186
Merit: 100
Two types of gambling involves some level of skill, one is Poker other is Sports Betting and if you're good at it then they might prove to be profitable in long run.
No i'm not agree with you because skill and analysis only for make it low risk and in fact luck is back all of that and for long run. how long the gambler can hold out to not lose in a day?

Sports betting IS profitable, but only in the long run. I've had days where I lost a year's salary, but in the long run you profit. You just need to know how
legendary
Activity: 1400
Merit: 1009
If the question is "Can people make 50-100 $ a day just gambling in online casino?" I can say Yes. Two days ago my my friend could make 300$ for a day and half from gambling only. We are still celebrating this amazing prize!
But it happen so only the first time. Now if to think how much he lost on gambling already it could not be counted. But I think he is going the right way. He never buy bitcoins he play gambling games with. So he doesnt spend money from his pocket. He plays with bitcoins that he make being in some campaign. So only time and luck.

Anyway I don't trust too much to gambling, cause in any case u loose more than u win. It's the law of gambling.
Your friend is lucky, but it's not possible to be in profit everyday. someday your friend will lose. i've been in profit before but after sometimes i lost all.
hero member
Activity: 714
Merit: 500
Me, myself and I
Two types of gambling involves some level of skill, one is Poker other is Sports Betting and if you're good at it then they might prove to be profitable in long run.
No i'm not agree with you because skill and analysis only for make it low risk and in fact luck is back all of that and for long run. how long the gambler can hold out to not lose in a day?
hero member
Activity: 1078
Merit: 514
If the question is "Can people make 50-100 $ a day just gambling in online casino?" I can say Yes. Two days ago my my friend could make 300$ for a day and half from gambling only. We are still celebrating this amazing prize!
But it happen so only the first time. Now if to think how much he lost on gambling already it could not be counted. But I think he is going the right way. He never buy bitcoins he play gambling games with. So he doesnt spend money from his pocket. He plays with bitcoins that he make being in some campaign. So only time and luck.

Anyway I don't trust too much to gambling, cause in any case u loose more than u win. It's the law of gambling.
legendary
Activity: 1386
Merit: 1016
Two types of gambling involves some level of skill, one is Poker other is Sports Betting and if you're good at it then they might prove to be profitable in long run.

Yup, and as you can see over here. These are the two games that people can make profit of. I didnt see anyone profiting much from dice or slot because they purely is based on luck.
full member
Activity: 168
Merit: 100
Two types of gambling involves some level of skill, one is Poker other is Sports Betting and if you're good at it then they might prove to be profitable in long run.
legendary
Activity: 1316
Merit: 1145
very likely that gambling can be profitable in long term. but with several conditions. you play is not always frequent, not greedy, able to control yourself, and always have a target. strategies and knowledge is also very helpful
hero member
Activity: 714
Merit: 500
Honestly House edge will take you down at the end no matter how advance your tactic are....
But the story will be different if you're playing sport betting. If you have advance analisys, mostly you're gonna predict the exact result

What kind of expression is this? How can be calculated something that if possible will eliminate the subject of those calculations? Are you in mind when tell this kind of things? How can be possible to be found the exact result of a match? What kind of mind have you to make such calculations and such predictions that can eradicate definitely the sport your are talking about? Because after your big analysis and the find of the EXACT result of match, have no meaning that this match be played. Repeat: have no meaning. The results is known by everyone. Every team know in which way will go the match and have no reason to play. The result is the aim of the play of the match. The results can be told by you. The RIGHT one. Every player will ask: why to play when we know the result from the "PREDICTOR", the "FINDER" and the "ONE". What else can be born from that your sick mind?

I think by exact result he meant win/loss/draw.. not EXACT result as in 0-2,6-4 n stuff.. I n2004al has a point if this is what he meant...for dice..you have to be lucky to win anything.. but its not the same for sports betting eventhough luck could be a factor..but skill can override the luck factor on a long term.. when I think of it.. I think even dice can be broken down with money management skills and stuff...but it is lot more mathematical and need lot more advanced knowledge compared to sports betting..
But then again, it's a chance you take. Placing bets on dice isn't my favorite thing to do, but it's tempting to take a chance and roll the dice every now and then. But yes it can be profitable and in your favor if you keep up with your winnings and losses.


Gambling will be only profitable to us if we are lucky and that happens not that often because it is really rare to get some profit with gambling and it needs also a big investment and you are not for sure that you can earn money with it.
So I dont think so that it will be profitable in a long term because you will get addicted to it and lose more money than you win.
legendary
Activity: 1638
Merit: 1046
is there any gambling site allows investor?? and it is worthwhile to invest??

~snip~

you can try it with 0.001 ( About 0.2 $ )

and here is official thread for this site: https://bitcointalksearch.org/topic/m.12530378[/b]

Do not ever invest in these kind of ponzi sites because they will surely scam people soon or later. They offer profits which is not a realistic and it completely depends on another investor who is ready to loss his money to give you profit. Instead you keep your coins with you and you can sell it later on for more profits. Do not even waste your time in checking these sites.

Lol im running it about 1 month.. I already paid 0.093 (in the previous version i paid about 0.007-8 BTC )
I have facebook fanpage.
My plan is to add bank-wire deposit's.
It will be only profitable in a long term when you are really lucky and if you are smart enough to see the moment that you have some profit because it is also not that easy to stop with gambling at the moment. And people have also to know that it will be not that easy to win some money with it and that is bad and risky.
I think still not the best to invest for those site.. to keep safe your coins better to save your bitcoin or gamble with your self try to bet in sports betting because its easy to predict than the other games..
member
Activity: 110
Merit: 10

Do not ever invest in these kind of ponzi sites because they will surely scam people soon or later. They offer profits which is not a realistic and it completely depends on another investor who is ready to loss his money to give you profit. Instead you keep your coins with you and you can sell it later on for more profits. Do not even waste your time in checking these sites.

Lol im running it about 1 month.. I already paid 0.093 (in the previous version i paid about 0.007-8 BTC )
I have facebook fanpage.
My plan is to add bank-wire deposit's.
It will be only profitable in a long term when you are really lucky and if you are smart enough to see the moment that you have some profit because it is also not that easy to stop with gambling at the moment. And people have also to know that it will be not that easy to win some money with it and that is bad and risky.
hero member
Activity: 756
Merit: 520
Gambling is always risky and it can be lead us to big disaster, i don't think it can be profitable in long term and i am pretty sure nobody can keep himself in profit but sports betting has some good chance to make good profit.

Yup, indeed most of gambling has a very large risk compared to the benefits it brings, but it could be minimised if we have a strategy and a special trick and not all gambling have ugliness, there is also gambling that can earn a bigger profit, namely sports betting
full member
Activity: 224
Merit: 100
Honestly House edge will take you down at the end no matter how advance your tactic are....
But the story will be different if you're playing sport betting. If you have advance analisys, mostly you're gonna predict the exact result

What kind of expression is this? How can be calculated something that if possible will eliminate the subject of those calculations? Are you in mind when tell this kind of things? How can be possible to be found the exact result of a match? What kind of mind have you to make such calculations and such predictions that can eradicate definitely the sport your are talking about? Because after your big analysis and the find of the EXACT result of match, have no meaning that this match be played. Repeat: have no meaning. The results is known by everyone. Every team know in which way will go the match and have no reason to play. The result is the aim of the play of the match. The results can be told by you. The RIGHT one. Every player will ask: why to play when we know the result from the "PREDICTOR", the "FINDER" and the "ONE". What else can be born from that your sick mind?

I think by exact result he meant win/loss/draw.. not EXACT result as in 0-2,6-4 n stuff.. I n2004al has a point if this is what he meant...for dice..you have to be lucky to win anything.. but its not the same for sports betting eventhough luck could be a factor..but skill can override the luck factor on a long term.. when I think of it.. I think even dice can be broken down with money management skills and stuff...but it is lot more mathematical and need lot more advanced knowledge compared to sports betting..
But then again, it's a chance you take. Placing bets on dice isn't my favorite thing to do, but it's tempting to take a chance and roll the dice every now and then. But yes it can be profitable and in your favor if you keep up with your winnings and losses.
hero member
Activity: 812
Merit: 1000
If you play from the start wisely without having element of greed to put any impact on you.In that case you will come out as winner.By saying this means that you will see gambling as profitable.I will say now yes gambling can be profitable if you know how to be happy with small winnings.

Exactly I totally agree with you, if you are aware when you should quit then you can make good profits from it and and best way to earn from gambling is by going for sports betting.
hero member
Activity: 700
Merit: 500
If you play from the start wisely without having element of greed to put any impact on you.In that case you will come out as winner.By saying this means that you will see gambling as profitable.I will say now yes gambling can be profitable if you know how to be happy with small winnings.
hero member
Activity: 686
Merit: 500
Gambling is always risky and it can be lead us to big disaster, i don't think it can be profitable in long term and i am pretty sure nobody can keep himself in profit but sports betting has some good chance to make good profit.
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