Can gambling be profitable in long term ? - page 134.

patt0

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Quote from: prtty2gal2 on February 29, 2016, 01:35:08 PM

Gambling in actual can not be really profitable in long term, even sometimes in short term. i think only skill based games can give you profit in long term, because they do not just rely on luck.

Well but there are gambling skill games, like poker or sports betting, so how can you say gambling can not be profitable in long term?
I think people keep considering gambling as pure casino games, and they miss the other ones.

prtty2gal2

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Gambling in actual can not be really profitable in long term, even sometimes in short term. i think only skill based games can give you profit in long term, because they do not just rely on luck.

bitgolden

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Gambling depends how and where you play, if you play safe on big sites and with good strategy then you can easily profit at the end. But often people fail to do so and they loose.

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Quote from: krunox123 on February 29, 2016, 10:45:52 AM

Quote from: pereira4 on February 29, 2016, 10:26:57 AM

Everytime I win something in the markets I restate my assumptions: The best gambling is done on the exchanges, where you buy some altcoin, then you just wait for it to pump and sell at a profit. This is pretty much guaranteed long term, if you pick the right alts that is, but any alt with a decent volume pumps sooner or later.

Perhaps the worst advice you can give to someone when they have no knowledge in trading shitcoin. I mean altcoin.
Trading is quite profitable in the long term if you have experiences in investing on the right altcoin. I invest on an altcoin(forgot the name), and I invest more and more for the coming months but eventually it was dumped after six months or so, IIRC. It was a good lesson, to be honest.

You are right and its also that you need some kind of luck to have profit because of altcoin trading, because it can get you in real problems if you ask me.
The fact that altcoins are not always trusted and can go down easily, so it can be very risky, keep that in mind.

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Quote from: pereira4 on February 29, 2016, 10:26:57 AM

Everytime I win something in the markets I restate my assumptions: The best gambling is done on the exchanges, where you buy some altcoin, then you just wait for it to pump and sell at a profit. This is pretty much guaranteed long term, if you pick the right alts that is, but any alt with a decent volume pumps sooner or later.

Perhaps the worst advice you can give to someone when they have no knowledge in trading shitcoin. I mean altcoin.
Trading is quite profitable in the long term if you have experiences in investing on the right altcoin. I invest on an altcoin(forgot the name), and I invest more and more for the coming months but eventually it was dumped after six months or so, IIRC. It was a good lesson, to be honest.

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Quote from: pereira4 on February 29, 2016, 10:26:57 AM

Everytime I win something in the markets I restate my assumptions: The best gambling is done on the exchanges, where you buy some altcoin, then you just wait for it to pump and sell at a profit. This is pretty much guaranteed long term, if you pick the right alts that is, but any alt with a decent volume pumps sooner or later.

It can only be profitable if you win. If you dont win it can be profitable. You always lose more money than you win money.
And that is very bad. You must control yourself that is the best option. I hope that you can stop gambling.

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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

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Everytime I win something in the markets I restate my assumptions: The best gambling is done on the exchanges, where you buy some altcoin, then you just wait for it to pump and sell at a profit. This is pretty much guaranteed long term, if you pick the right alts that is, but any alt with a decent volume pumps sooner or later.

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Quote from: jonathgb25 on February 28, 2016, 06:32:21 AM

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

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

Well, if you own a gambling site then you are not in the right thread, its basically for gamblers who gamble, I think some people can stay in profit in long term if they are luck, but its really very difficult.

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Quote from: dragonusa9 on February 28, 2016, 03:23:04 AM

Quote from: MaxTax on February 27, 2016, 12:31:46 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.

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Quote from: BTCevo on February 28, 2016, 04:19:18 AM

Quote from: dragonusa9 on February 28, 2016, 03:23:04 AM

Quote from: MaxTax on February 27, 2016, 12:31:46 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

How can you so sure about this. The chance of winning is not depends on what games you choose but it from your luck, if you dont have any luck with gambling I dont really think that you could earn that much in some period of time. The games have nothing to do with the outcome you take

You are right but he is not completely wrong. See actually some games are lucky to some people, like when I play plinko , I loose all my money in the blink of a eye, while when I play dice I often win and often loose.

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Quote from: Zaun on February 28, 2016, 01:58:33 PM

Quote from: Red-Apple on February 28, 2016, 11:29:10 AM

gambling depends on your luck so nothing is for sure.

but i think gambling can not be profitable in the long run because of the house edge, you always have the lower hand when it comes to bets and the house will always win.

Yeah even if you are a very skilled player. You depend on luck when it comes to gambling.
I would never go for gambling in my life. It's a game and games are needed for entertainment.

You are right, with gambling you always need luck no matter what but its also that it can be profitable but you need a lot of luck for it.
Most people will not have this luck and will of course lose a lot, I think its best to not try it but you mostly will lose a lot only, only with poker there is a chance in my opinion.

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Quote from: makingwin1 on February 28, 2016, 07:02:18 AM

everything is possible, you can win, but thing is that chances are very low for winning, and very high for loosing, so probably you will loose much more then you'll win

so its cannot for profitable long term ?
how if we bet dice and bet with chance 98% or bet barcelona win. i think you will win much more than you will lose ?

redsun114

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If people consider gambling as a earning habit , that will be a problem for them sooner or later. The best thing or say to make profit from gambling is, just take it easy and play small money on sure events you think.

Zaun

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Quote from: Red-Apple on February 28, 2016, 11:29:10 AM

gambling depends on your luck so nothing is for sure.

but i think gambling can not be profitable in the long run because of the house edge, you always have the lower hand when it comes to bets and the house will always win.

Yeah even if you are a very skilled player. You depend on luck when it comes to gambling.
I would never go for gambling in my life. It's a game and games are needed for entertainment.

Bitinity

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Quote from: Erza on February 28, 2016, 10:46:04 AM

Quote from: jonathgb25 on February 28, 2016, 06:32:21 AM

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

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

Why do you need to be owner then you can get the profit?, if you are lucky enough I think you should be the one who get profit. They are profitable because so many people play with their site so it is always many of them lose than win so they would get profit from it but doesnt mean that you can't win from particular site though

Perhaps because being gambling site owner is more profitable than being player, but to be an owner we need not small amount to invest at least we need to hire designer and developer unless we can do it by ourselves.

Red-Apple

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gambling depends on your luck so nothing is for sure.

but i think gambling can not be profitable in the long run because of the house edge, you always have the lower hand when it comes to bets and the house will always win.

pereira4

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Quote from: Erza on February 28, 2016, 10:46:04 AM

Quote from: jonathgb25 on February 28, 2016, 06:32:21 AM

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

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

Why do you need to be owner then you can get the profit?, if you are lucky enough I think you should be the one who get profit. They are profitable because so many people play with their site so it is always many of them lose than win so they would get profit from it but doesnt mean that you can't win from particular site though

Most people always end up losing because the house always has the edge (more chances to win than you do even if only by 0.5%) so statistically, you always lose.
The only way to win is to make profits, and know when to stop, and use those profits to generate more money by investing in something.

Erza

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Quote from: jonathgb25 on February 28, 2016, 06:32:21 AM

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

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

Why do you need to be owner then you can get the profit?, if you are lucky enough I think you should be the one who get profit. They are profitable because so many people play with their site so it is always many of them lose than win so they would get profit from it but doesnt mean that you can't win from particular site though

nejibens

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I don't think that gambling can be profitable in long term , because it's so risky and earning isn't guaranteed

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