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Topic: Can gambling be profitable in long term ? - page 15. (Read 112230 times)

legendary
Activity: 1442
Merit: 1008
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.
legendary
Activity: 1288
Merit: 1043
:^)
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.

Everyone knows it but they dont want to know about it further. All they ever want to know is how to get money, they keep playing without knowing that they are going to lose in the long term. One thing for sure is that the only way to be profitable in the long term is through EV+ betting
false, you can definitely profit from -EV gambling, its just not likely. +EV or not, its still possible to lose as long as there's a chance of losing. it is only statistically more likely that you would win out (profit) over the long run. this is never a guarantee.

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.
not necessarily. hosting poker tables allows both the player a chance to profit and benefits the house as they take a rake on the pot as their fee. for professional poker players, this is both a form of entertainment (if they choose to see it this way, some may not as it is purely a monetary pursuit for them) and a source of semi - reliable income. as long as they are competent to win over the others at the table, they can definitely consider it a 'permanent,' or long term source of income.
full member
Activity: 420
Merit: 101
Earn crypto for being contacted
I do not think so, because gambling must have lost and won ..
Gambling i guess just luck only, so maybe not always profit.
Even if there is someone who always follow the rules and discipline in every gambling but it will not be profitable to gain victory in the long run.
hero member
Activity: 2884
Merit: 794
I am terrible at Fantasy Football!!!
Yes gambling can be profitable in the long term if you do have a good capital with it. Those bigger gamblers has more chance to make themselves stable.
And the lower gamblers can have the lesser chance to make gambling profitable in the long term.
The size of your bankroll does not change the fact you are at a disadvantage when gambling, it could be argued that having a smaller bankroll is better since the money you are going to lose is lower than the amount of money that you could lose in a session with a bigger bankroll.
sr. member
Activity: 798
Merit: 258
If someone which follows the set of rules and be discipline enoff. Can people make 50-100 $ a day just gambling in online casino.....?

gambling cannot be profitable in a long term, perhaps, it could be to some other gamblers it is profitable in a long term. But I think only rich people can do this tactic anyway.
full member
Activity: 224
Merit: 100
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.
legendary
Activity: 2898
Merit: 1253
So anyway, I applied as a merit source :)
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.

Well if they were unlucky and they did not do any research about the type of the game they were playing then it is their own fault why they lost. Many new players may be unlucky and lose a lot because the house edge is there and it is how the casinos make their profits. They can try playing EV+ games and PvP games but then they need more practice in those.
hero member
Activity: 1190
Merit: 504
Yes gambling can be profitable in the long term if you do have a good capital with it. Those bigger gamblers has more chance to make themselves stable.
And the lower gamblers can have the lesser chance to make gambling profitable in the long term.
This is a bitter pill to swallow but its the sad truth about gambling, the bigger your pockets are the easier it is to win! But one problem of being a high roller is some casinos is that they will limit how much you can stake per wager making it difficult to try out some betting strategies. And betting long term will never be profitable because you will not always be winning...stick to gambling for fun.

I know you knew it that the gamblers that has bigger pockets are the ones that can stay any longer. And they had the most chance to make gambling profitable in the long term but you can also treat it when you only had small capital but don't expect too big.
legendary
Activity: 1386
Merit: 1027
Dump it!!!
Yes gambling can be profitable in the long term if you do have a good capital with it. Those bigger gamblers has more chance to make themselves stable.
And the lower gamblers can have the lesser chance to make gambling profitable in the long term.
This is a bitter pill to swallow but its the sad truth about gambling, the bigger your pockets are the easier it is to win! But one problem of being a high roller is some casinos is that they will limit how much you can stake per wager making it difficult to try out some betting strategies. And betting long term will never be profitable because you will not always be winning...stick to gambling for fun.
full member
Activity: 1036
Merit: 109
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 think there's no rules when and discipline when it comes to gambling. Gambling really depends on luck and skills. Only few people can profit from it for a long term. And I think those people are really blessed with luck. Just imagine how many times and how much did you win or lose. If you would compare your winnings against your losses, I'm sure you're losses would come up.
sr. member
Activity: 331
Merit: 250
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 think gambling isn't a long term profitable because eventhough you did a lot more amd invest some in gambling whenever you do if you didn't do some strategy nothing will happen and yoir money or capital will be lose. In gambling we didn't know if we will get rich because the possibility of winning in gambling isn't that good because in gambling it is a matter of luck.
legendary
Activity: 1064
Merit: 1000
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.

Everyone knows it but they dont want to know about it further. All they ever want to know is how to get money, they keep playing without knowing that they are going to lose in the long term. One thing for sure is that the only way to be profitable in the long term is through EV+ betting

You can't make money off gambling in the long term unless you are using a gambling method which requires you to have skill or you are using an exchange betting site such an fairlay where house edge does not apply at all.


Do you even understand what I am writing? Id you dont then simply dont even think of writing nonsense. If you have no idea what it is like to be playing in an EV+ games then simply google it. This is the only chance because no matter what kind of game you are saying, we wont win in the long term
sr. member
Activity: 476
Merit: 259
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.

Everyone knows it but they dont want to know about it further. All they ever want to know is how to get money, they keep playing without knowing that they are going to lose in the long term. One thing for sure is that the only way to be profitable in the long term is through EV+ betting

You can't make money off gambling in the long term unless you are using a gambling method which requires you to have skill or you are using an exchange betting site such an fairlay where house edge does not apply at all.
sr. member
Activity: 1274
Merit: 261
★Bitvest.io★ Play Plinko or Invest!
Yes gambling can be profitable in the long term if you do have a good capital with it. Those bigger gamblers has more chance to make themselves stable.
And the lower gamblers can have the lesser chance to make gambling profitable in the long term.

   With good capital you can make good profit, with small you make small profit. I am in sport betting for a long time, I am a small bettor,
and my bets are never higher then couple dollars in my currency. I did not make profit like some professionals, or serious gamblers, but
I made much more then I invested.
   Gambling can be profitable in long term, not for everyone. If you wish to be profitable in long term you need good strategy, and you
need to be not greedy. Greedy people can not make money with gambling in long term, their lack of self control will pull them down
every time.
legendary
Activity: 1064
Merit: 1000
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.

Everyone knows it but they dont want to know about it further. All they ever want to know is how to get money, they keep playing without knowing that they are going to lose in the long term. One thing for sure is that the only way to be profitable in the long term is through EV+ betting
hero member
Activity: 1190
Merit: 504
Yes gambling can be profitable in the long term if you do have a good capital with it. Those bigger gamblers has more chance to make themselves stable.
And the lower gamblers can have the lesser chance to make gambling profitable in the long term.
hero member
Activity: 2884
Merit: 794
I am terrible at Fantasy Football!!!
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.
legendary
Activity: 2898
Merit: 1253
So anyway, I applied as a merit source :)
Most gambling activities are not profitable at all. In fact, they're losing propositions. That's how the house makes money.

There are exceptions though. May want to read up on which types of games are possible to an edge.
Gambling has not been profitable in most cases. The gamblers who have made a large amount of wealth from it are the ones who have either gambling charm or they do cheating. For such people, gambling produces long term profits and their proportion is very low. They are some rare cases. Other than that, gambling is not profitable in long terms.
You do not need to cheat to become a successful gambler have you ever watched ESPN? There are many poker tournaments there and most of the time you will see familiar faces, if poker was all about luck they will not be there, over and over again winning tournament after tournament.

In poker if you have experience and skills then you can win - it is a PvP game after all. There are professional poker players around the globe and they make a living off it. Its better than rolling dice and rolling slots where luck is the only thing that matters. Though in poker luck is important as well but the skills are also important. In other EV+ games like sports-betting one can also gain an advantage over others.
legendary
Activity: 1036
Merit: 1002
Most gambling activities are not profitable at all. In fact, they're losing propositions. That's how the house makes money.

There are exceptions though. May want to read up on which types of games are possible to an edge.
Gambling has not been profitable in most cases. The gamblers who have made a large amount of wealth from it are the ones who have either gambling charm or they do cheating. For such people, gambling produces long term profits and their proportion is very low. They are some rare cases. Other than that, gambling is not profitable in long terms.
You do not need to cheat to become a successful gambler have you ever watched ESPN? There are many poker tournaments there and most of the time you will see familiar faces, if poker was all about luck they will not be there, over and over again winning tournament after tournament.
Poker is the only way to become a successful being gambling does not mean that you were gonna win always by hard work and by the great mind by the great skills you can win for it believing on your self that you can. Those who cheat they never tolerate it since there are lots of cameras unless they are part of it. Gambling can be profitable in long terms as South Park says if you were watching poker games poker needs time for you to decide and to win lots of prizes.
legendary
Activity: 1176
Merit: 1024
Those games that are based only on luck can not bring constant profit, but sports bets that can be analyzed with the right approach can make a profit. But I do not consider this a good option for earning.

They are really not the best way to make money and of course in many countries they are banned as well and illegal. I think sports betting is better than simply betting on dice and other casino games. All EV- games need luck and no skills are involved there - either you are lucky or not. But in Poker and sports betting there are ways to outsmart the opponent and you can use your skills to win the games.
sports betting is definitely one of the ways you can reliably make profit, but it requires a lot of research and time to reliably predict outcomes.
From the available data, the outcome can be predicted but predictions can be wrong. Me and one of my friends use to bet on cricket years ago.

He was a big fan of cricket, knowing all the details and I hardly knew the name of whole team but still he only won two bets in whole life. He used analysis while I relied on my guts. However, now the success percentage is shown on the TV "during the match" and it is always right.

The scene in sports betting is also biased specially in cricket and the Indian cricket industry runs on match fixing. Everyone knows that still people go crazy over matches. Almost all matches are fixed and they are how the bookies are run. So the fixed matches are both easy and tough to predict  because in this case the luck factor comes into play and it becomes like dice unless the match ends in a draw - even then it may be fixed match no one will know it except the bookie.
Are you insulting Indian Cricket Industry? Well, if yes then I really don't care but it is true. Cricket has billions of the fans around the world and I think it is at number one in this matter so this can be true. If you can make more money by losing; then why to go through all troubles of winning! For normal people, betting is just pure luck.
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