Can gambling be profitable in long term ? - page 135.

YuginKadoya

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Quote from: partysaurus on February 28, 2016, 07:59:57 AM

yes i think you can be a winner in gamble long term , but you have to handle the swings every type of gambling has a huge luck factor even poker in a seasion you can lose but in the long term you make money , so you just have to handle the swings and thats where i think most people start to lose money instead of gaining , when they get unlucky 10 times in a row they go apeshit crazy Cheesy

A long term gambling can have a positive outcome indeed but it can still have a negative effect that is how gambling use to work it has a 50/50 chance that you can certainly win or going to lose, and not just depends on the move swings.

BlueStackz

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You call how much bets or time as long-term ? I think if you call 100 bets as long term, then surely it can be but if you call 1,000,000 bets as long term with at least 0.0001 btc bet each, then surely I would say you cant profit in long term without being lucky.

partysaurus

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yes i think you can be a winner in gamble long term , but you have to handle the swings every type of gambling has a huge luck factor even poker in a seasion you can lose but in the long term you make money , so you just have to handle the swings and thats where i think most people start to lose money instead of gaining , when they get unlucky 10 times in a row they go apeshit crazy Cheesy

diodio5

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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.

I think for the gambling games that have provably fair like dice, roullete, slots, etc, does not require any skill or skills. do not need experience to play or know much about the game in which you need is luck more

bittrojan

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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

According to average house edge in gambling are around 1% to 3% I guess not very low winning chance it is just lower chance to win .

Percentage say 51-53% chance to lost and 49-47% chance to win in every bet you made.

And in long term it makes your winning chances lower than 49% , still possible to get profit? Yes of course but less.

jt byte

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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.

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.

makingwin1

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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

jonathgb25

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

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

Jemzx00

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Well it is possible and i saw alot of them in Primedice which gets 10 btc everyday then stops and do it for the next day but some of them lose more than 50btc in a day...

BTCevo

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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

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

Farma

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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

Well, besides the ability you need a huge fortune for a profit in a long time, it was very difficult to do, even if you are the God of Gamblers

dragonusa9

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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

MaxTax

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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.

jchst

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Quote from: maku on February 26, 2016, 09:55:24 AM

Quote from: agustina2 on February 26, 2016, 09:07:27 AM

Gambling at some other point, can really bring a person for a long term.

But that doesn't mean a gambler has made enough profit. It's just rotation.

Let's say he has a capital of $100 today then lost. The next day another $100 capital then he won $150. Then next day he lost $300.

So still no earnings or say less earnings. Just a repetition for a long run.

An now imagine this scenario repeated hundred or thousand times. Also consider impact of House Edge on your bets.
I really want to see stats of someone who play Dice everyday for at lest 2 years. Is three someone like this here?

Well this is one possible scenario that may happen with who gambling,i remember someuser left trading and lost along the year 7 bitcoins,and there are others users who made and make over 1 to5 btc of pure profit the same way the houses always play against you ,lucky is the main diference and knowledge,as it may affect your income.

harizen

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Quote from: maku on February 26, 2016, 09:55:24 AM

Quote from: agustina2 on February 26, 2016, 09:07:27 AM

Gambling at some other point, can really bring a person for a long term.

But that doesn't mean a gambler has made enough profit. It's just rotation.

Let's say he has a capital of $100 today then lost. The next day another $100 capital then he won $150. Then next day he lost $300.

So still no earnings or say less earnings. Just a repetition for a long run.

An now imagine this scenario repeated hundred or thousand times. Also consider impact of House Edge on your bets.
I really want to see stats of someone who play Dice everyday for at lest 2 years. Is three someone like this here?

Yes I think it has but not everyday. Let's say 3 to 4 times a week. It's really a long run.

Anyways if we will apply it to sportsbook type of gambling, the repetition can be vice versa.

Oscoda

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Gambling can be really profitable but its also a matter of luck you need, because you only win with a certain of luck every game you win is with luck without luck you will never win.
Gambling is pure luck you can not decide that you are wining, I think it can be profitable but you just need luck.

maku

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Quote from: agustina2 on February 26, 2016, 09:07:27 AM

Gambling at some other point, can really bring a person for a long term.

But that doesn't mean a gambler has made enough profit. It's just rotation.

Let's say he has a capital of $100 today then lost. The next day another $100 capital then he won $150. Then next day he lost $300.

So still no earnings or say less earnings. Just a repetition for a long run.

An now imagine this scenario repeated hundred or thousand times. Also consider impact of House Edge on your bets.
I really want to see stats of someone who play Dice everyday for at lest 2 years. Is three someone like this here?

EdenHazard

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Quote from: coolkiller on September 22, 2015, 04:16:01 AM

If someone which follows the set of rules and be discipline enoff. Can people make 50-100 $ a day just gambling in online casino.....?

yes of course,why not..prof gambler can make more than $100 each day,they have good strategy and plan to do gambling,and of course they play with big amount.

agustina2

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Gambling at some other point, can really bring a person for a long term.

But that doesn't mean a gambler has made enough profit. It's just rotation.

Let's say he has a capital of $100 today then lost. The next day another $100 capital then he won $150. Then next day he lost $300.

So still no earnings or say less earnings. Just a repetition for a long run.

BTCevo

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Quote from: bitlancr on February 26, 2016, 04:35:47 AM

Not that cant be possible. Gambling is always very bad and that is not good. We all hope that more people will stop gambling.
You lose always more money. And it is all wasted and that is not good. if you gamble you must play with small amounts.

What are you saying? You said gambling is bad and suggest people to stop gambling but in the end you suggest them to play but with small amount? So you mean that with small amount is not bad but huge amount is bad? For some people big and small amount is matter of perspective, for example some people said that 1 btc is big and other said it is small. How do you define this? If you want to gambling only gambling what you afford to lose, with this I think you can control your money flow well so you can't get addicted too

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