Can gambling be profitable in long term ? - page 133.

krunox123

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Quote from: LarryHocks on March 01, 2016, 06:40:11 AM

It can be profitable in long term. Because you lose more money than you win money and that is very bad of gambling.
But I hope that more people will realize that gambling is very bad and that they must stop with it.

How is that even possible to profitable in the long-term? As far as I know, gambling is never profitable in the long-term. But still you are not always profitable even if you are going for short-term gambling.

talkbitcoin

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Quote from: gregyoung14 on March 01, 2016, 09:51:13 AM

Quote from: harizen on March 01, 2016, 08:25:07 AM

Play poker in a "live physical casinos" rather than in an online gambling site.

Others players are making living out of playing strategy based games while playing in a direct physical casinos.

But you just need a quiet large bankroll here to take you in a long run.

Yep, you can really learn a lot playing in a live poker house way more than playing poker online. It's just a lot different.

i think gambling can be profitable in the long run no matter the online game you chose to gamble on but it is a very hard thing to pull off and that is mainly because of the existence of house edge.

gregyoung14

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Quote from: harizen on March 01, 2016, 08:25:07 AM

Play poker in a "live physical casinos" rather than in an online gambling site.

Others players are making living out of playing strategy based games while playing in a direct physical casinos.

But you just need a quiet large bankroll here to take you in a long run.

Yep, you can really learn a lot playing in a live poker house way more than playing poker online. It's just a lot different.

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Quote from: Whosdaddy on February 29, 2016, 06:11:49 AM

Quote from: dragonusa9 on February 28, 2016, 04:23:04 AM

Quote from: MaxTax on February 27, 2016, 01:31:46 PM

It can be profitable if you know the game and participate in games there is an actual winning chance.
But you've got to be very skilled and not many of us have this much of talent vs luck.

as long you choose the game that mean for skill not luck like poker
the chance winning is higher than you playing some other game that face the owner bot

Sports betting has always been profitable for most gamblers and it's not about skill but more about knowledge. I agree that poker is a luck based game but still gambling is all about luck. May be the knowledge based gambling turn profitable in long run.

There are other games that give you rewards for winning the maximum score but they aren't gambling ones and completely dependent on skill. But when ever you go with skill in both gambling and non gambling, you definitely end up in profits with long run.

jjoorriissjjuuhh

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No, otherwise casinos would not exist.
This is the question of someone who can not think for five minutes and realize that.

harizen

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Play poker in a "live physical casinos" rather than in an online gambling site.

Others players are making living out of playing strategy based games while playing in a direct physical casinos.

But you just need a quiet large bankroll here to take you in a long run.

newcoins1978

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Quote from: joksim299 on September 22, 2015, 07:23:05 AM

Quote from: Inkvor on September 22, 2015, 07:20:38 AM

Quote from: coolkiller on September 22, 2015, 07:17:19 AM

The only problem in online is cutting card you never know how deep your deck it....

You can never win over house in the long run in online casinos.
also you cant make steady profits from gambling ,its not a job ?

How I can win in the long run against live casinos?

I think you could play poker or something in real life its pretty profitable on a long term, you should first do it with family/friends and later on in a casino.

Do not use a high amount if buy in because there is a chance you will lose of course.

LarryHocks

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It can be profitable in long term. Because you lose more money than you win money and that is very bad of gambling.
But I hope that more people will realize that gambling is very bad and that they must stop with it.

john2231

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Quote from: zerowing on March 01, 2016, 12:25:26 AM

you cant make steady profits from gambling, you only win for just small amount in the long run.

Yeah That's impossible you can't have steady profit with gambling and you only win for small amount? i think not small amount sometimes if you are lucky you can get 2 to 8 times of your capital even not in long run..
Gambling is for fun and almost rich people are always there and gamble their money to have fun. if you are a ordinary person that you want to try your luck just set your limit so that you can stop when you feel that you can't win in the game..

JimGunn

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Quote from: zerowing on March 01, 2016, 12:25:26 AM

you cant make steady profits from gambling, you only win for just small amount in the long run.

Speak for yourself.

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Quote from: jt byte on February 28, 2016, 08:08:03 AM

Quote from: jonathgb25 on February 28, 2016, 07:32:21 AM

Very yes! If you was the owner of gambling game. Cheesy

just make a strict algorithm and a few marketing to gamblers.

Owning a site is not easy peasy. Remember you have to invest a lot in security since it involves money.
Hackers will do anything to try and get your money. So you need to secure the site (database) but also your wallet.

But yes if this is done you can earn quite a lot.

The bankroll also needs to be high and hence many gambling websites have always been losing in the long run when users invest over 400-500 BTC and withdraw 20-30 BTC every time. They start losing then and hence this business is not
always profitable. It's better to play dice games if you don't have a big bankroll else sports betting can be the next choice.

zerowing

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you cant make steady profits from gambling, you only win for just small amount in the long run.

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Quote from: relq on February 29, 2016, 09:29:42 PM

Quote from: Whosdaddy on February 29, 2016, 06:11:49 AM

Quote from: dragonusa9 on February 28, 2016, 04:23:04 AM

Quote from: MaxTax on February 27, 2016, 01:31:46 PM

It can be profitable if you know the game and participate in games there is an actual winning chance.
But you've got to be very skilled and not many of us have this much of talent vs luck.

as long you choose the game that mean for skill not luck like poker
the chance winning is higher than you playing some other game that face the owner bot

Sports betting has always been profitable for most gamblers and it's not about skill but more about knowledge. I agree that poker is a luck based game but still gambling is all about luck. May be the knowledge based gambling turn profitable in long run.

This. I really agree with you, because sportsbook it's not about provably fair. It's 100% fair and if you have many information or recent matches or something you can easily win.

I dont think theres a form of gambling that you can easily win. Theres no guaranteed that you can win if you have info like the sports analyst not all of their prediction are right.

JasonXG

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Well no, not unless you good at poker or something. The house always wins but thats not to say its all bad. I mean people do win and you can win, you just mostly need to know when to stop because its when you start thinking "i want just a little bit more" that's when you lose everything it would seem.

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Quote from: DeDordtenaar on February 29, 2016, 08:48:06 PM

Quote from: Whosdaddy on February 29, 2016, 06:11:49 AM

Quote from: dragonusa9 on February 28, 2016, 04:23:04 AM

Quote from: MaxTax on February 27, 2016, 01:31:46 PM

It can be profitable if you know the game and participate in games there is an actual winning chance.
But you've got to be very skilled and not many of us have this much of talent vs luck.

as long you choose the game that mean for skill not luck like poker
the chance winning is higher than you playing some other game that face the owner bot

Sports betting has always been profitable for most gamblers and it's not about skill but more about knowledge. I agree that poker is a luck based game but still gambling is all about luck. May be the knowledge based gambling turn profitable in long run.

I think sports are not always on the knowledge. What do you guarantee that barcelona can always win? luck in choosing a bet, also influential

I can guarantee barcelona wouldn't lost 15 of 38 domestic league matches .
If you really want get profit in long run then sports book is the answer.
Stick to 1 team only like barcelona, bayern Munich, and psg in soccer , bet on that team during 1 full season no matter what. And see you will win with the team like I mention above. And you'll get profit in long long term.

relq

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Quote from: Whosdaddy on February 29, 2016, 06:11:49 AM

Quote from: dragonusa9 on February 28, 2016, 04:23:04 AM

Quote from: MaxTax on February 27, 2016, 01:31:46 PM

It can be profitable if you know the game and participate in games there is an actual winning chance.
But you've got to be very skilled and not many of us have this much of talent vs luck.

as long you choose the game that mean for skill not luck like poker
the chance winning is higher than you playing some other game that face the owner bot

Sports betting has always been profitable for most gamblers and it's not about skill but more about knowledge. I agree that poker is a luck based game but still gambling is all about luck. May be the knowledge based gambling turn profitable in long run.

This. I really agree with you, because sportsbook it's not about provably fair. It's 100% fair and if you have many information or recent matches or something you can easily win.

DeDordtenaar

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Quote from: Whosdaddy on February 29, 2016, 06:11:49 AM

Quote from: dragonusa9 on February 28, 2016, 04:23:04 AM

Quote from: MaxTax on February 27, 2016, 01:31:46 PM

It can be profitable if you know the game and participate in games there is an actual winning chance.
But you've got to be very skilled and not many of us have this much of talent vs luck.

as long you choose the game that mean for skill not luck like poker
the chance winning is higher than you playing some other game that face the owner bot

Sports betting has always been profitable for most gamblers and it's not about skill but more about knowledge. I agree that poker is a luck based game but still gambling is all about luck. May be the knowledge based gambling turn profitable in long run.

I think sports are not always on the knowledge. What do you guarantee that barcelona can always win? luck in choosing a bet, also influential

cjmoles

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Quote from: Phildo on February 29, 2016, 06:43:50 PM

Quote from: phibay on February 29, 2016, 02:45:00 PM

Quote from: nejibens on February 29, 2016, 11:29:10 AM

I think that gambling can't be profitable in long run , because it's depending in luck and not guaranteed source of income, so you can easily lose anytime

anyone who consider gambling as a source of income is crazy, gambling wasn't made for profit, it was made for entertainment purposes so it will never be profitable in the long run

i guess all those people running casinos, dice sites and poker sites are crazy.

LOL....Yup, that's for sure. Somebody's making money! It all depends on what side of the wager you're on....If you're betting against the house with a negative expected value (NEV), you're going to lose in the long run. But, if you're taking wagers with a positive expected value (PEV), you're gonna win in the long run. Of course, that all depends on how well you manage your bankroll because there is variance to consider. The Kelly criteria is a decent benchmark to begin a bankroll management plan. So, manage your bankroll wisely and always make sure your wager has a PEV and you're golden!

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Quote from: phibay on February 29, 2016, 02:45:00 PM

Quote from: nejibens on February 29, 2016, 11:29:10 AM

I think that gambling can't be profitable in long run , because it's depending in luck and not guaranteed source of income, so you can easily lose anytime

anyone who consider gambling as a source of income is crazy, gambling wasn't made for profit, it was made for entertainment purposes so it will never be profitable in the long run

i guess all those people running casinos, dice sites and poker sites are crazy.

phibay

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Quote from: nejibens on February 29, 2016, 11:29:10 AM

I think that gambling can't be profitable in long run , because it's depending in luck and not guaranteed source of income, so you can easily lose anytime

anyone who consider gambling as a source of income is crazy, gambling wasn't made for profit, it was made for entertainment purposes so it will never be profitable in the long run

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