Can gambling be profitable in long term ? - page 145.

asuryan180

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Quote from: ajun96 on December 22, 2015, 12:55:45 AM

gambling is just about luck, I'm not sure someone will always be lucky every day, so the long-term is a bad idea

Yes but they could be lucky on the bigger stakes and lose the smaller bets

in that way they could be up in the long run but it is highly unlike to happen and so the long run can never be determined.

ajun96

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gambling is just about luck, I'm not sure someone will always be lucky every day, so the long-term is a bad idea

fullypak

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Quote from: Erza on December 21, 2015, 11:27:19 PM

Quote from: Newcoins2020 on December 21, 2015, 05:04:15 PM

Quote from: HarryKPeters on December 21, 2015, 04:18:21 PM

In the end it is about luck & skill.
If you got both you may be part of the 0.01% who can make a living out of gambling.
The other 99.9899% should only gamble for fun and entertainment.

Well said, i prefer gambling to be a fun thing, but if i had the skill set to live of it, i would do it without any hesitation.

These days gambling sites has become more professional and offering better games. However I am a black jack man and like the room based games, but some dice and slots are nice too.
But those games are soley games you play for luck, with blackjack + skill you can earn some good money.

Not only dice and slot are depends on luck blackjack is depends on luck too, without any luck you can't even win any gambling games. Although some people said that he is on to blackjack or poker they will lose too if there is no luck on them

That is very correct. In any games one should have some luck to win. As you said, in this gambling section still many people still thinks that they can win lot of money with good strategy in some games but I don't think they can win always but may be some times. Any one gamble for long time, surely they will lose and house will win.

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Quote from: Erza on December 21, 2015, 11:27:19 PM

Quote from: Newcoins2020 on December 21, 2015, 05:04:15 PM

Quote from: HarryKPeters on December 21, 2015, 04:18:21 PM

In the end it is about luck & skill.
If you got both you may be part of the 0.01% who can make a living out of gambling.
The other 99.9899% should only gamble for fun and entertainment.

Well said, i prefer gambling to be a fun thing, but if i had the skill set to live of it, i would do it without any hesitation.

These days gambling sites has become more professional and offering better games. However I am a black jack man and like the room based games, but some dice and slots are nice too.
But those games are soley games you play for luck, with blackjack + skill you can earn some good money.

Not only dice and slot are depends on luck blackjack is depends on luck too, without any luck you can't even win any gambling games. Although some people said that he is on to blackjack or poker they will lose too if there is no luck on them

Luck is a major component in blackjack but if you use poor strategy when to hit or stay, you will dramatically decrease the chances of beating the house.

Erza

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Quote from: Newcoins2020 on December 21, 2015, 05:04:15 PM

Quote from: HarryKPeters on December 21, 2015, 04:18:21 PM

In the end it is about luck & skill.
If you got both you may be part of the 0.01% who can make a living out of gambling.
The other 99.9899% should only gamble for fun and entertainment.

Well said, i prefer gambling to be a fun thing, but if i had the skill set to live of it, i would do it without any hesitation.

These days gambling sites has become more professional and offering better games. However I am a black jack man and like the room based games, but some dice and slots are nice too.
But those games are soley games you play for luck, with blackjack + skill you can earn some good money.

Not only dice and slot are depends on luck blackjack is depends on luck too, without any luck you can't even win any gambling games. Although some people said that he is on to blackjack or poker they will lose too if there is no luck on them

hua_hui

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Quote from: Bayuu on December 21, 2015, 09:31:18 PM

There's no rules/strategy that works against the house. Everything is completely random.

You can hit 40 reds on 2x. You can hit 100. you can even hit 1 million. Nothing is impossible.

That's why there's no working strategy(unless you have an infinite bankroll, which is impossible.)

there is strategy which can reduce the risk of losing but it is still lesser den 50%. even if you are given the house edge, you also can end up losing too. so it is still very luck base too. u can profit but it is not gonna be working in the long run.

Bayuu

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There's no rules/strategy that works against the house. Everything is completely random.

You can hit 40 reds on 2x. You can hit 100. you can even hit 1 million. Nothing is impossible.

That's why there's no working strategy(unless you have an infinite bankroll, which is impossible.)

hua_hui

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Quote from: michinzx on December 21, 2015, 06:45:51 PM

Quote from: cjmoles on December 03, 2015, 06:25:04 AM

Quote from: michinzx on December 02, 2015, 10:32:00 PM

Quote from: Duomo on December 02, 2015, 10:16:29 PM

Honestly, I don't think so for the average person. If you are a professional and you understand what you are playing, the core elements and the essential vital components of the game to take advantage of the house, you will be profitable.There little reason why a casino would want to give you any advantage. A casino isn't there to lose their money, it's there to earn yours. Grin

except you cant really take advantage of the house, that's why you dont see any professional slots players or anything. you can only take advantage of other players, in a game such as poker, where the game isnt designed to make you lose, and you can come out ahead with enough skill and experience in making the right calls.

Absolutely, every spin of a slot and every throw of a die has a negative expected value (-EV), but in poker, you have both -EV hands (which you fold) and +EV hands (which you raise). If you always get an optimal value out of your +EV hands and always fold your -EV hands....you'll be a winner in the long run, mathematically.

that's not all thats involved in poker though, if it were that simple everyone would be a poker professional in a few days after picking up the game. poker is profitable after years of accumulated experience in reading and judging your opponent's hands as well, and those small decisions can make or break a player.

i totally agree. what he said is way way way too simple. in fact, if he increase the bets, he is in higher risk to lose more cause those who follow have better cards. so it is more difficult to win.

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Quote from: cjmoles on December 03, 2015, 06:25:04 AM

Quote from: michinzx on December 02, 2015, 10:32:00 PM

Quote from: Duomo on December 02, 2015, 10:16:29 PM

Honestly, I don't think so for the average person. If you are a professional and you understand what you are playing, the core elements and the essential vital components of the game to take advantage of the house, you will be profitable.There little reason why a casino would want to give you any advantage. A casino isn't there to lose their money, it's there to earn yours. Grin

except you cant really take advantage of the house, that's why you dont see any professional slots players or anything. you can only take advantage of other players, in a game such as poker, where the game isnt designed to make you lose, and you can come out ahead with enough skill and experience in making the right calls.

Absolutely, every spin of a slot and every throw of a die has a negative expected value (-EV), but in poker, you have both -EV hands (which you fold) and +EV hands (which you raise). If you always get an optimal value out of your +EV hands and always fold your -EV hands....you'll be a winner in the long run, mathematically.

that's not all thats involved in poker though, if it were that simple everyone would be a poker professional in a few days after picking up the game. poker is profitable after years of accumulated experience in reading and judging your opponent's hands as well, and those small decisions can make or break a player.

Newcoins2020

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Quote from: HarryKPeters on December 21, 2015, 04:18:21 PM

In the end it is about luck & skill.
If you got both you may be part of the 0.01% who can make a living out of gambling.
The other 99.9899% should only gamble for fun and entertainment.

Well said, i prefer gambling to be a fun thing, but if i had the skill set to live of it, i would do it without any hesitation.

These days gambling sites has become more professional and offering better games. However I am a black jack man and like the room based games, but some dice and slots are nice too.
But those games are soley games you play for luck, with blackjack + skill you can earn some good money.

HarryKPeters

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Live Stars - Adult Streaming Platform

In the end it is about luck & skill.
If you got both you may be part of the 0.01% who can make a living out of gambling.
The other 99.99 should only gamble for fun and entertainment.

tn211

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In my case no, because I will just lose my money. For some people is profitable, because they know what they are doing and how to win every day. You can do it full time if you want, but just learn how the tricks are or other things.
Just don't be addicted to it when you are losing or winning.

vendetahome

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well in gambling i believe that nearly anything can happen if you can be extremely lucky you might possibly win a lot of money if you can play smart gambling might be profitable in a long term for you

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Quote from: n2004al on December 21, 2015, 09:01:00 AM

Quote from: Zaun on December 07, 2015, 11:37:44 AM

For some people is profitable, because is ther job so yeah.
But better just work and earn your money that way.

From whom do you know you that? Cannot be never someone who can earn from gambling as make the people who work. The word "work" have nothing to do with gambling. Is the totally opposite of the first. Who work earn money. Who gamble lose money. Both action are sure and are so without doubt. The work make people to live their life in a healthy way. The gamble ruin the life of the gambler, of his family and even more. The good cannot be never bad. The white cannot be never black. And the gamble cannot be never work.

I think he means that work as a pro gambler, may be that is true that for some of them like pro will have gambling as their job to earn money but there is no way that can profit all the time but once they win may be it can help their living costs and everything.

I could not agree on that bolded part because there is no way people will keep on losing too, like you said white will never be black and the opposite too and this apply on bolded part too that not always people will keep on losing, the matter here is how long can you survive with all of your lose before you get your winning back

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Quote from: krunox123 on December 21, 2015, 09:22:43 AM

Quote from: jt byte on December 11, 2015, 04:52:21 AM

So true the pros have lost a lot of games, but they also learn how to win when they are losing.
I wish I was that good in gambling, but yeah I prefer work and get bitcoins. And maybe play some gambling.

I rather call them experienced gambler than professional gambler, lol. Roll Eyes

You will need to have a lot of money in order to protect yourself from losing a lot. Working is better for you if you cannot afford to lose anything or prefer to earn money the classic way.

Pretty much the same I just don't know some others factors that differentiate them. Both experienced and pro gamblers both have waiged a quiet big amount in their whole life of doing gambling. And overall, both of them already learn all the way to overcome and rides everytime they win or lose.

krunox123

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Quote from: jt byte on December 11, 2015, 04:52:21 AM

So true the pros have lost a lot of games, but they also learn how to win when they are losing.
I wish I was that good in gambling, but yeah I prefer work and get bitcoins. And maybe play some gambling.

I rather call them experienced gambler than professional gambler, lol. Roll Eyes

You will need to have a lot of money in order to protect yourself from losing a lot. Working is better for you if you cannot afford to lose anything or prefer to earn money the classic way.

n2004al

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Quote from: Zaun on December 07, 2015, 11:37:44 AM

For some people is profitable, because is ther job so yeah.
But better just work and earn your money that way.

From whom do you know you that? Cannot be never someone who can earn from gambling as make the people who work. The word "work" have nothing to do with gambling. Is the totally opposite of the first. Who work earn money. Who gamble lose money. Both action are sure and are so without doubt. The work make people to live their life in a healthy way. The gamble ruin the life of the gambler, of his family and even more. The good cannot be never bad. The white cannot be never black. And the gamble cannot be never work.

jt byte

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Quote from: LuckyYOU on December 11, 2015, 04:11:41 AM

Quote from: krunox123 on December 10, 2015, 10:16:04 PM

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.....?

If you are lucky enough, then the answer is yes.
To be honest, I think no one can be profitable with gambling for long term. You will lose a lot compare to what you have win, unless you hit a jackpot or something. And you should know when to stop.

Well, how do you think the professionals do it? They learned certain strategies to keep winning. With winning comes losses, you just need to know how to get back from the losses. If you're a regular gambler it's best to keep up with your winnings and losses that way you can see the progress you've made.

So true the pros have lost a lot of games, but they also learn how to win when they are losing.
I wish I was that good in gambling, but yeah I prefer work and get bitcoins. And maybe play some gambling.

LuckyYOU

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Quote from: krunox123 on December 10, 2015, 10:16:04 PM

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.....?

If you are lucky enough, then the answer is yes.
To be honest, I think no one can be profitable with gambling for long term. You will lose a lot compare to what you have win, unless you hit a jackpot or something. And you should know when to stop.

Well, how do you think the professionals do it? They learned certain strategies to keep winning. With winning comes losses, you just need to know how to get back from the losses. If you're a regular gambler it's best to keep up with your winnings and losses that way you can see the progress you've made.

DomMic

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No , never, never ever . you can win some when gambling for once or twice but when u play too much u will loose

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