Can gambling be profitable in long term ? - page 141.

raaajlucky

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Quote from: Dannie on December 26, 2015, 07:59:31 PM

Quote from: CryptoBjorn on December 26, 2015, 06:56:05 PM

This is the reason why most people lose most of the time. The casino owner/house is already winning.
We win the small bets, they win the big bets.

Not really. No matter if the bets are big or small, the house is going to have the same edge. If players actually are supposed to win in the long term with small bets, every one would be making numerous small bets with autobetting.

But some houses can changes there program to win for them if bet is bigger than certain amount. I'm not saying all casinos are doing but some may be doing that.

Dannie

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Quote from: CryptoBjorn on December 26, 2015, 06:56:05 PM

This is the reason why most people lose most of the time. The casino owner/house is already winning.
We win the small bets, they win the big bets.

Not really. No matter if the bets are big or small, the house is going to have the same edge. If players actually are supposed to win in the long term with small bets, every one would be making numerous small bets with autobetting.

CryptoBjorn

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Quote from: PantFire on December 26, 2015, 04:28:08 PM

If you are the casino owner you will Tongue

This is the reason why most people lose most of the time. The casino owner/house is already winning.
We win the small bets, they win the big bets.

wikenpp

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Quote from: PantFire on December 26, 2015, 04:28:08 PM

If you are the casino owner you will Tongue

LOL, this is so true.
Gambling is a game made for 1 winner... The House.
No matter how good you are, in the long term only the house can and will win.

PantFire

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If you are the casino owner you will Tongue

Lasergun

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https://keybase.io/lasergun

If you want to win big and constantly, you need to start a gambling business. No other way around. You cannot take a bigger cut of the gambling pie unless you are one of these companies. Even the most successful poker players and sports bettors cannot compete them in profitability.

busybee7

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i dont think so because the house edge would make you loose after some time

magicmexican

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Quote from: erwin45hacked on December 26, 2015, 01:40:05 PM

Yes you can if the house edge is positive but your example doesnt exist in the world of gambling

Yes it does.

You can have the edge playing directly against the house - in the sport betting. The house operates with 3-5% margin there, but if your knowledge about sport/team/players is superior - its possible to have an edge in the longrun

Another example is poker, but there you are not directly playing against the house, house always wins there because it just takes the rake %. But you can still get a profit from weaker players.

Thats the reason why there are professional poker players and professional handicappers, but no "professional" dice players.

sishendaoye

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Quote from: Gianluca95 on December 26, 2015, 12:19:47 PM

Maybe gambling can be profitable in short term (if you're a very lucky man) but surerly not in long term. Remember that with all of strategy that you want to use, from the other part casinò will always win !

Short term is also very unlikely, unless short term means 1 hour or so.
The luck factor is very important and you can't be lucky game after game. Even with some strategy you will see that you will lose in the end.
It's just how the game is designed.

erwin45hacked

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Quote from: magicmexican on December 26, 2015, 01:33:58 PM

Gambling does not equal spewing your money @dice and roulette.

Can it be profitable long term? Sure.

Lets say you flip a coin with your friend, and every time he wins - you pay him 1$, but if you win - he pays you 1$ and 10 cents. Does that qualify as gambling? Yes - there is a a) wager with a something of value 2) even with the uncertain outcome 3) prize

Why will it be profitable for you longterm in that example? Because odds are on your side.

So yes, certain types of gambling can be profitable longterm

Yes you can if the house edge is positive but your example doesnt exist in the world of gambling, house always have the edge on them to make sure you dont win in long term. In flip a coin game, each time you win you get 0.98 $ back and each time you lose you pay 1 % so in long run you will keep losing

magicmexican

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Gambling does not equal spewing your money @dice and roulette.

Can it be profitable long term? Sure.

Lets say you flip a coin with your friend, and every time he wins - you pay him 1$, but if you win - he pays you 1$ and 10 cents. Does that qualify as gambling? Yes - there is a a) wager with a something of value 2) even with the uncertain outcome 3) prize

Why will it be profitable for you longterm in that example? Because odds are on your side.

So yes, certain types of gambling can be profitable longterm

ronaldo40

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Quote from: Gianluca95 on December 26, 2015, 12:19:47 PM

Maybe gambling can be profitable in short term (if you're a very lucky man) but surerly not in long term. Remember that with all of strategy that you want to use, from the other part casinò will always win !

I agree with you gambling be profitable in short-term and there is no one who can get a win continuously in any kind of gambling and despite using a very safe method.

Gianluca95

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Reputation first.

Maybe gambling can be profitable in short term (if you're a very lucky man) but surerly not in long term. Remember that with all of strategy that you want to use, from the other part casinò will always win !

znickelbackz

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Quote from: BTCevo on December 26, 2015, 11:10:56 AM

Quote from: nejibens on December 26, 2015, 09:46:41 AM

I don't believe that gambling could be profitable in long term, because it's not guaranteed income and the risk is really high

Yeah gambling will never guarantee that you will win or lose. All of these thing is based on your luck thats why sometimes people will be on top and sometime they will down too. About the income, it sure have really high risk but this is depends on your setting too, you can set it to the lowest odds so your chance of winning will be higher but like I said before this is gambling all result will depends on your luck

high income go along with high risk. as I have seen, there are good strategies that decrease winning chance for higher income.

anthonycamp

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sorry but for you to make like that amounts you need at least 3000$ into martin dale and can lose any day soo dont go there

raffyellis87

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of course , why would this forum, talks a lot about gambling. second to cryptocurrency, this forum discuss about how gambling in general became part of our lifestyle.

it now depends on how you want to end up your day, either with an empty wallet or grow it, for tomorrow might be busy on someones posts that invite each of us to join like a site, avantageous to those that have some balance.

remember that to invest, just one example that you gamble.

BTCevo

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Quote from: nejibens on December 26, 2015, 09:46:41 AM

I don't believe that gambling could be profitable in long term, because it's not guaranteed income and the risk is really high

Yeah gambling will never guarantee that you will win or lose. All of these thing is based on your luck thats why sometimes people will be on top and sometime they will down too. About the income, it sure have really high risk but this is depends on your setting too, you can set it to the lowest odds so your chance of winning will be higher but like I said before this is gambling all result will depends on your luck

Oscoda

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Maybe some people think it is, but not me.
I believe it is for a elite group of people to be lucky enough to make a living with gambling.

The rest of us should only play it for gigs

Nimbulan

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gambling can not be profitable in a long run in any ways, because of that my strategy on gambling is to do a few big bets and either to make a lot of profit and loose it all, i loose nearly every time thats why i try to avoid gambling my money or bitcoins in casinos

nejibens

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I don't believe that gambling could be profitable in long term, because it's not guaranteed income and the risk is really high

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