Can gambling be profitable in long term ? - page 14.

Xenoph0bia

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Quote from: roadbits on August 28, 2017, 12:53:42 PM

Quote from: Bolt Brownie on August 28, 2017, 05:52:58 AM

Quote from: coolkiller on September 22, 2015, 05:16:01 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.....?

I don't think you can do that regularly on a casino. At least not on dice, slots, roulette etc
You can do it in poker of course, but I guess that's the only casino game that has some strategy in it.

Expecting regular income from gambling is not possible. You can make a profit with using your skill set and experience but making fixed amount is not possible. Today you will make, but tomorrow also it is not possible. We have only one choice to make a profit that is skill games like poker and sports betting. Are you use casino games then your profit completely depends on your luck.

Agreed with you, its not possible to earn regular profit with the gambling. There will be a days when you will never get any profit and might loose the money. You have to be very lucky and experienced to make money on a regular basis in the gambling; chances of that are very rare.

shtako

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It is only possible to earn money in the long run in games where you have an mathematical advantage.

The easiest example is poker where you play against other humans who both "lay" and "bet" on unfavorable odds.

In sports you might have more knowledge then the market on some occasions and therefor have an mathemathically advantage. Most often that is not the case and specially on games in major leagues.

A good way to earn money betting sports is to take advantage of every possible promtion. It is easy to bet on sports with close to 100% roi. And every cent you make of the promotions is your revenue.

In games where you play against the house you are doomed to loose.

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Quote from: roadbits on August 28, 2017, 12:53:42 PM

Quote from: Bolt Brownie on August 28, 2017, 05:52:58 AM

Quote from: coolkiller on September 22, 2015, 05:16:01 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.....?

I don't think you can do that regularly on a casino. At least not on dice, slots, roulette etc
You can do it in poker of course, but I guess that's the only casino game that has some strategy in it.

Expecting regular income from gambling is not possible. You can make a profit with using your skill set and experience but making fixed amount is not possible. Today you will make, but tomorrow also it is not possible. We have only one choice to make a profit that is skill games like poker and sports betting. Are you use casino games then your profit completely depends on your luck.

It is not true to always believe in luck, proper analysis is very influential on the outcome of victory, practical intelligence is indispensable in this case, this applies to all gambling except the dice system. If you want to get 50-100 $ in a day we need to add a capital of about 1000 $ there we can calculate the possibilities that exist, many gamblers lose if relying on small capital, this is the most important factor.

roadbits

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Quote from: Bolt Brownie on August 28, 2017, 05:52:58 AM

Quote from: coolkiller on September 22, 2015, 05:16:01 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.....?

I don't think you can do that regularly on a casino. At least not on dice, slots, roulette etc
You can do it in poker of course, but I guess that's the only casino game that has some strategy in it.

Expecting regular income from gambling is not possible. You can make a profit with using your skill set and experience but making fixed amount is not possible. Today you will make, but tomorrow also it is not possible. We have only one choice to make a profit that is skill games like poker and sports betting. Are you use casino games then your profit completely depends on your luck.

yakushev

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Gambling can not be profitable, because it's entertainment. They are created for profit only to their owners, but not for ordinary players. The chances of being rich playing are reduced to zero.

Bolt Brownie

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Quote from: coolkiller on September 22, 2015, 05:16:01 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.....?

I don't think you can do that regularly on a casino. At least not on dice, slots, roulette etc
You can do it in poker of course, but I guess that's the only casino game that has some strategy in it.

Raja_Salman

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Can not . Because we can not control our greed for a long time. Few people can benefit from gambling. I'm sure they already have tactics and are not greedy. Make him a winner

garmerys

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Yes it is profitable even in the short run, there are lots of people that don’t want to work but want to be rich and in the process they lose even the genuine money that they’ve made so I think you can cash in on that and start making ton of cash

8Habits

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Quote from: TheUltraElite on August 26, 2017, 03:59:26 AM

Quote from: South Park on August 25, 2017, 03:00:34 PM

Quote from: SoulEaterRR on August 24, 2017, 12:25:20 PM

No. Gambling can make a profit in the long run only to their owner. If you are a player, you need to consider this only as entertainment, and not a permanent or temporary form of earnings.

That is the theory but even casinos cannot win every time, if a small casino loses a huge amount to a player then their finances may be compromised and if you add bad management to the equation that explain how casinos can go bankrupt in an industry in which gamblers basically give you money for free.

That does not happen much. There is the luck factor always working and the players are unlucky for sure. I agree that it does not mean that the casinos are super lucky but what they have at their disposal is the house edge and one cannot simply beat a game in which the odds are against them. What is possible is to stop gambling when you win a big amount and not gamble any more.

When you get lucky and win quite big already in a game of chance where it is purely based on luck, better stop right away and that is the time you can get away with the house edge advantage.

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So anyway, I applied as a merit source :)

Quote from: South Park on August 25, 2017, 03:00:34 PM

Quote from: SoulEaterRR on August 24, 2017, 12:25:20 PM

No. Gambling can make a profit in the long run only to their owner. If you are a player, you need to consider this only as entertainment, and not a permanent or temporary form of earnings.

That is the theory but even casinos cannot win every time, if a small casino loses a huge amount to a player then their finances may be compromised and if you add bad management to the equation that explain how casinos can go bankrupt in an industry in which gamblers basically give you money for free.

That does not happen much. There is the luck factor always working and the players are unlucky for sure. I agree that it does not mean that the casinos are super lucky but what they have at their disposal is the house edge and one cannot simply beat a game in which the odds are against them. What is possible is to stop gambling when you win a big amount and not gamble any more.

siti25

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Quote from: SoulEaterRR on August 24, 2017, 12:25:20 PM

No. Gambling can make a profit in the long run only to their owner. If you are a player, you need to consider this only as entertainment, and not a permanent or temporary form of earnings.

Actually it could be, Winning in a row in the long run is not possible, but getting long-term profits is not impossible. Getting long term profits does not mean we never lose. We must be defeated, but we may lose in still having the remaining profit of the previous game. Not making it as a permainent income does not mean can not profit long term.

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Quote from: South Park on August 23, 2017, 12:33:36 PM

Quote from: 8Habits on August 21, 2017, 09:53:22 PM

Quote from: Lanatsa on August 21, 2017, 12:51:23 PM

Quote from: 8Habits on August 21, 2017, 12:48:48 PM

Quote from: TheUltraElite on August 21, 2017, 10:37:52 AM

Quote from: ardentvolcanoes on August 20, 2017, 10:42:02 AM

Quote from: lesom on August 19, 2017, 11:16:45 AM

It seems to me gambling is sand in the eyes, falling on blind luck is reckless, there are rumors of the legendary gamblers who live pripivayuchi, although more people are grieving only typed. In general, my answer is no, can not

its always depend for those who played gambled if you are responsible gambler maybe you can say you can get some profits in the long run since you understand
how the game works but if you are just relying with luck I will agree that there's no chance to gain profits instead big losses will happen.

Well if you play something like dice then there is nothing that you need to learn about the game - just how it works will do you anyone. What I mean to say that is all luck based games are just the same because in the end the house edge will always win and not the players. However if you try the EV+ games and PvP games then there is a method to win because you can try to outsmart the opponent.

Dice game is really based on a pure luck game. No amount of strategies will be going to work with dice - when you see that one of your strategies is perfectly doing well at the moment, mind you when you keep on betting more, you will just be surprised that your bankroll will be depleted in just one blink of an eye.

Its not surprising anymore and this is how its works and this is the common results on playing dice this is why we should really not expect that we can able to make money on playing gambling for long term targets.
Profitable only for those professional gamblers butt only to those games who do need technique,analysis and experience like on card games and sports bettings.

long term playing will be very vulnerable to the house edge advantage.. That is the fact and most of the gamblers know it from the beginning but still risks because of the thought and hope to win big in just a short period of time.

Not everyone knows the fact there is a house edge, only those that read about it or those that make the math, for all the rest they just think they got unlucky when they lose in the casino and most of the time they are not going to understand that the house has an advantage.

Whether everyone is aware of this cool feature "house edge", the point is results remain the same. Gambling still does not produce long term profits. It cannot be a mean of earning and if someone is betting on daily basis, then it’s a bad news. If someone was really interested, he could have Google such secrets.

South Park

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Quote from: SoulEaterRR on August 24, 2017, 12:25:20 PM

No. Gambling can make a profit in the long run only to their owner. If you are a player, you need to consider this only as entertainment, and not a permanent or temporary form of earnings.

That is the theory but even casinos cannot win every time, if a small casino loses a huge amount to a player then their finances may be compromised and if you add bad management to the equation that explain how casinos can go bankrupt in an industry in which gamblers basically give you money for free.

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Quote from: BillCoin on August 25, 2017, 04:10:32 AM

Quote from: CyNotes on August 25, 2017, 03:46:58 AM

Quote from: KennyR on August 25, 2017, 03:21:05 AM

No. Gambling can make a profit in the long run only to their owner. If you are a player, you need to consider this only as entertainment, and not a permanent or temporary form of earnings.

Absolutely correct! I played gambling just for fun, I'll never thought it was profitable.

Quote from: poplolnman on August 25, 2017, 03:08:30 AM

yeahh it would be useless effort for me to expect gambling could be profitable , especially when you planning to do it in the long run which i could guarantee you wouldn't get profit in the end. all just lost and more losses. why? first of all it was -EV , the odds always against you, the point are mathematically you won't be able take benefit from gambling , and that's true only the owner who could.

When playing gambling, bad luck is always there.

Quote from: SoulEaterRR on August 24, 2017, 12:25:20 PM

As described most of the time the owner or the authority who own the gambling website gets profited. Whether it's long run or short profiting through gambling is quite a hard task. It completely depends on the users luck, however hard he makes strategies as well predictions about the games. On long term participation the user might gain experience, how to handle different situations in the middle of the games.

Agree with you, it is profitable for the owner. So if you want to earn big amount of money you can make your own gambling hub.

That's one of the things I was always used to say.

You can never make money off a gambling site at the long term unless you are the site owner who charges an house edge from the people.
Gambling is totally based on luck so at the long term u won't be able to be in a plus.

not true at all. poker is one of the few exceptions here; a good player will have a advantage and can generally expect to net profit off of worse players consistently. the house has no part in these games, they only host the game and take a rake as their fee. it's one of the few situations where a 'win - win' outcome is possible.

Quote from: AmiranAbdul on August 25, 2017, 04:11:49 AM

Gambling can not be profitable in the long run. Unless it can turn out in sports rates, if it is good to predict the results of matches, but this does not guarantee a permanent profit.

I think otherwise; if you can reliably manage your bet sizes based on the variance you put on your own predictions, I think it's entirely possible to net a consistent profit. forgive me if I worded that badly, pretty sure it wasn't the best choice of words.

TheUltraElite

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So anyway, I applied as a merit source :)

Quote from: SoulEaterRR on August 24, 2017, 12:25:20 PM

No. Gambling can make a profit in the long run only to their owner. If you are a player, you need to consider this only as entertainment, and not a permanent or temporary form of earnings.

For the casino owners keeping aside other costs of PR,maintenance and media coverage, the house edge is a great way to earn money. The addicted gamblers are in most cases bound to come back to win back money and they can easily milk out money from them. For the players though it is not so profitable rather its mostly a loss in EV- games and thus not recommended in the long run.

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Gambling can not be profitable in the long run. Unless it can turn out in sports rates, if it is good to predict the results of matches, but this does not guarantee a permanent profit.

BillCoin

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Quote from: CyNotes on August 25, 2017, 03:46:58 AM

Quote from: KennyR on August 25, 2017, 03:21:05 AM

No. Gambling can make a profit in the long run only to their owner. If you are a player, you need to consider this only as entertainment, and not a permanent or temporary form of earnings.

Absolutely correct! I played gambling just for fun, I'll never thought it was profitable.

Quote from: poplolnman on August 25, 2017, 03:08:30 AM

yeahh it would be useless effort for me to expect gambling could be profitable , especially when you planning to do it in the long run which i could guarantee you wouldn't get profit in the end. all just lost and more losses. why? first of all it was -EV , the odds always against you, the point are mathematically you won't be able take benefit from gambling , and that's true only the owner who could.

When playing gambling, bad luck is always there.

Quote from: SoulEaterRR on August 24, 2017, 12:25:20 PM

As described most of the time the owner or the authority who own the gambling website gets profited. Whether it's long run or short profiting through gambling is quite a hard task. It completely depends on the users luck, however hard he makes strategies as well predictions about the games. On long term participation the user might gain experience, how to handle different situations in the middle of the games.

Agree with you, it is profitable for the owner. So if you want to earn big amount of money you can make your own gambling hub.

That's one of the things I was always used to say.

You can never make money off a gambling site at the long term unless you are the site owner who charges an house edge from the people.
Gambling is totally based on luck so at the long term u won't be able to be in a plus.

CyNotes

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Quote from: KennyR on August 25, 2017, 03:21:05 AM

No. Gambling can make a profit in the long run only to their owner. If you are a player, you need to consider this only as entertainment, and not a permanent or temporary form of earnings.

Absolutely correct! I played gambling just for fun, I'll never thought it was profitable.

Quote from: poplolnman on August 25, 2017, 03:08:30 AM

yeahh it would be useless effort for me to expect gambling could be profitable , especially when you planning to do it in the long run which i could guarantee you wouldn't get profit in the end. all just lost and more losses. why? first of all it was -EV , the odds always against you, the point are mathematically you won't be able take benefit from gambling , and that's true only the owner who could.

When playing gambling, bad luck is always there.

Quote from: SoulEaterRR on August 24, 2017, 12:25:20 PM

As described most of the time the owner or the authority who own the gambling website gets profited. Whether it's long run or short profiting through gambling is quite a hard task. It completely depends on the users luck, however hard he makes strategies as well predictions about the games. On long term participation the user might gain experience, how to handle different situations in the middle of the games.

Agree with you, it is profitable for the owner. So if you want to earn big amount of money you can make your own gambling hub.

KennyR

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Quote from: poplolnman on August 25, 2017, 03:08:30 AM

Quote from: SoulEaterRR on August 24, 2017, 12:25:20 PM

No. Gambling can make a profit in the long run only to their owner. If you are a player, you need to consider this only as entertainment, and not a permanent or temporary form of earnings.

yeahh it would be useless effort for me to expect gambling could be profitable , especially when you planning to do it in the long run which i could guarantee you wouldn't get profit in the end. all just lost and more losses. why? first of all it was -EV , the odds always against you, the point are mathematically you won't be able take benefit from gambling , and that's true only the owner who could.

As described most of the time the owner or the authority who own the gambling website gets profited. Whether it's long run or short profiting through gambling is quite a hard task. It completely depends on the users luck, however hard he makes strategies as well predictions about the games. On long term participation the user might gain experience, how to handle different situations in the middle of the games.

cryp24x

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No gambling will never be profitable in the long run instead it can be destructive if we let ourselves hooked in it and get addicted in playing gambling Casino. There are lots of written documents about rich people getting broke by gambling.

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