Can gambling be profitable in long term ? - page 154.

BTCevo

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Quote from: poplolnman on November 24, 2015, 10:05:15 AM

You just can't win from gambling --'
You can win if you gamble against people but computer algorithms are too good to be fooled by humans, you just can't win on the long term.

Computer is not smart than human, that super computer algorithms made by human. So if you know what exactly are you doing to gamble you can make it profit in long term.

How can you manage to change the algorithms in their site? You need to be the authority to change it and if you can you will be hired by the casino company and ask not to earn from that site anymore. I guess this is more like cheating if you continue on exploting their work they will ban you forever from their casino

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Quote from: 98problems on November 24, 2015, 04:44:41 PM

i dont think that it is possible for gambling to be profitable in a long term if you are playing a lot of gambling games then you will most probably end up without having any money in your pocket

you can't win in the long run statistically. every casino has a house edge, if you get lucky you'll be the house edge but in the long run, the house will win

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Quote from: ?? on ??

You just can't win from gambling --'
You can win if you gamble against people but computer algorithms are too good to be fooled by humans, you just can't win on the long term.

of course you can win from gambling, its just less likely that a player will win than they are likely to lose a game that's more or less tailored to profit the casinos that host them. with games that you can play "smartly" in, however, it is possible to come out ahead in the long run, provided you dont get hit by a bad streak of bad luck. blackjack(making the right calls and observing what's dealt) and poker and probably the easiest to profit in the long term with, but even that takes a considerable amount of experience.

98problems

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i dont think that it is possible for gambling to be profitable in a long term if you are playing a lot of gambling games then you will most probably end up without having any money in your pocket

GannickusX

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There is always the possibility to win money in the long term, really small one. Imagine you have been gambling at dice for the past 3 months and you lost around 1 bitcoin until now. You deposit your last Bitcoin to the site and go crazy, you bet the whole bitcoin on 50% chance and boom, you win 1 bitcoin, now you are at 0 profit, you do it again and with some luck you get another bitcoin, now you have 1 bitcoin of profit, you could call that profitable in the long term, then again, it's all about luck.

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Quote from: Pollak on November 24, 2015, 08:47:52 AM

As long as you win more than you are losing then yes that's a profit.

But you should still be carefull. For some people it's hard to stop and really addictive

it wouldn't be for long term because if you win today it doesn't mean you will win again tomorrow
and no guarantee if you do a gamble you can earn profit everyday

MaxTax

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Quote from: Altynbekova on November 24, 2015, 08:52:43 AM

Quote from: Pollak on November 24, 2015, 08:47:52 AM

As long as you win more than you are losing then yes that's a profit.

But you should still be carefull. For some people it's hard to stop and really addictive

I can tell I was for some time addicted (1 month) But I played smart not just throwing my money away.
I always played with my extra money that I have earn.

I used to be addicted to it too that's why I quit for awhile, I needed to take some time to learn to control myself. I still have it that I feel the need to keep playing because there's always a chance that I can win. I try to stay away from it as much as possible but it's really tempting for me.

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Quote from: Pollak on November 24, 2015, 08:47:52 AM

As long as you win more than you are losing then yes that's a profit.

But you should still be carefull. For some people it's hard to stop and really addictive

Its depends on the player to control yourself and should know, when to stop play it if you got huge win.

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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 think so, but whit work rith? Because if it without work I can't afford that. Because working as IT I can earn 50 USD a hour.
So yeah if I gamle with work I am sure that is profitable in long term.

poplolnman

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Quote from: ?? on ??

You just can't win from gambling --'
You can win if you gamble against people but computer algorithms are too good to be fooled by humans, you just can't win on the long term.

Computer is not smart than human, that super computer algorithms made by human. So if you know what exactly are you doing to gamble you can make it profit in long term.

Altynbekova

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Quote from: Pollak on November 24, 2015, 08:47:52 AM

As long as you win more than you are losing then yes that's a profit.

But you should still be carefull. For some people it's hard to stop and really addictive

I can tell I was for some time addicted (1 month) But I played smart not just throwing my money away.
I always played with my extra money that I have earn.

Pollak

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Pollak

As long as you win more than you are losing then yes that's a profit.

But you should still be carefull. For some people it's hard to stop and really addictive

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Quote from: hua_hui on November 24, 2015, 05:31:35 AM

Quote from: GannickusX on November 23, 2015, 04:03:46 PM

Quote from: buddu on November 23, 2015, 01:21:20 PM

Little gamblers like us can not make gambling for them profitable in long term and always loose sooner or later.Only professionals make it because they get money from their sponsors.We can not use professionals as example as they don't represent the majority so it is not profitable in the long term at all.

Professionals do not make money because of sponsors, professionals play games like poker where there is no house edge or sport betting which is skill based aswell, that's why some of them can make a living out of it but it's extremely hard.

you are wrong. professionals make money from sponsors on top of cash prizes. that is what happens to all the sports players and game players. and in case u dont noe, some professional gamblers also target table games like roulette where there is house edge but they just know how to make profit out of it. not all the time but most of the time.

yes professionals make money from sponsors , but when you compare it to what they have actually won in order to be a celebrity you would know that their sponsorship is just extra money for them
professional gambler may play roulette , cause he is a human being at the end and sometimes he wants to try his luck even with -EV
the only poker player who beat the casino was Phil Ivey playing baccart , and then two casinos took his wins cause he was so smart and their cards weren't perfect , it was easy for him to know the card without marking it

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Quote from: Tauja on November 22, 2015, 05:33:32 PM

Just people a profesional in gambling always survive.

That is called betting on a set game or better to call it betting on a fixed match which can be a crime in some countries. there is no gambling where you can be sure unless when it is fixed match.

Quote from: babylon99 on November 20, 2015, 01:28:09 PM

Yeah, i know some of my friends that do gambling very professional with high profit everyday.

Everyday making profit can be there , but with good odds thats difficult until it is a fixed match.

BitcoinMagician

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If gambling can be profitable in the long term, casinos won't even exist or make a profit. Even if you're disciplined and don't let greed take over you, you need a huge luck to have more wins over lose (if you're flat betting). Strategies wouldn't work due to the progression.

MaxTax

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Of course it can be profitable.

Let's say you got an certain amount of money that you bet and you win double. The next day you can go in with the same amount of money that you started with and leave your winnings on the side. Just don't use that.

There's a chance you'll win double the amount everyday just as long as you leave your winnings at home.

xinzark

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It can profitable as well as not. If you play against bots (programs) then you should not expect profit for a long term because they use algorithm and generates random numbers which will then depend on luck

But if you play against peoples then you might because not only luck is used there but our skills too. If you become professional then you can fool newbies and gain profit

hua_hui

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Quote from: GannickusX on November 23, 2015, 04:03:46 PM

Quote from: buddu on November 23, 2015, 01:21:20 PM

Little gamblers like us can not make gambling for them profitable in long term and always loose sooner or later.Only professionals make it because they get money from their sponsors.We can not use professionals as example as they don't represent the majority so it is not profitable in the long term at all.

Professionals do not make money because of sponsors, professionals play games like poker where there is no house edge or sport betting which is skill based aswell, that's why some of them can make a living out of it but it's extremely hard.

you are wrong. professionals make money from sponsors on top of cash prizes. that is what happens to all the sports players and game players. and in case u dont noe, some professional gamblers also target table games like roulette where there is house edge but they just know how to make profit out of it. not all the time but most of the time.

MinerHQ

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Quote from: quadriple7 on November 23, 2015, 04:04:26 PM

it might be possible though you need to be extremely lucky

I think what you said extremely lucky may be one or two times should be OK but not every day. If one want to make a profits for long term then he/she should be lucky for every day so I think it is not possible for any one to make profits from gambling in the long run. One should use gambling only for fun activities.

phibay

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Quote from: kotwica666 on November 23, 2015, 12:44:54 PM

Quote from: Tauja on November 22, 2015, 05:33:32 PM

Quote from: babylon99 on November 20, 2015, 01:28:09 PM

Yeah, i know some of my friends that do gambling very professional with high profit everyday.

Yap, also many people here do gambling and get a big win. But not all to survive for long time.
Just people a profesional in gambling always survive.

There are professionalists, that can survive in gambling world, years or even decades - they are called casino owners Wink

and you forgot the cheaters and exploiters Grin

they're much better and can earn more than owners Grin

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