Can gambling be profitable in long term ? - page 163.

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Quote from: Heutenamos on November 01, 2015, 03:00:33 AM

Quote from: WEBcreator on October 31, 2015, 08:11:48 PM

Quote from: klf on October 31, 2015, 08:03:07 PM

I think most of the people will start with this same concept but after staring either they won't even get a opportunity to cash out or with their greediness they will not withdraw their profits when they have opportunity to withdraw profits. So at the end they will lose and start thinking to recover their loses and slowly lose all their money again and again. So I think gambling is not profitable in the long run.

Not everyone are like that. Some people seriously have a good control for their greediness and will stop when they win. Only some immature person that is not able to do that

People who are into gambling just for fun and entertainment do stop when shit gets serious.
The hardcore one's are always in the trap.

That's right. Everyone should participate in their financial ability.

Heutenamos

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Quote from: WEBcreator on October 31, 2015, 08:11:48 PM

Quote from: klf on October 31, 2015, 08:03:07 PM

I think most of the people will start with this same concept but after staring either they won't even get a opportunity to cash out or with their greediness they will not withdraw their profits when they have opportunity to withdraw profits. So at the end they will lose and start thinking to recover their loses and slowly lose all their money again and again. So I think gambling is not profitable in the long run.

Not everyone are like that. Some people seriously have a good control for their greediness and will stop when they win. Only some immature person that is not able to do that

People who are into gambling just for fun and entertainment do stop when shit gets serious.
The hardcore one's are always in the trap.

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Quote from: everaja on October 31, 2015, 10:19:36 AM

Generally the gambling is not profitable in long Term , but if you can cash-out the Initial and wisely play the game with fraction of profits then you can win and will not be in loss.

I believe the main problem is still if you can win in the first few bets when you are trying to make profit. Many has lost in that process and they would still be in a loss. After you lose your profit, you would still be trying to deposit your coins and try to play with new profits generated from the initial bankroll again. After sometime, you would lose everything.

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Quote from: klf on October 31, 2015, 08:03:07 PM

I think most of the people will start with this same concept but after staring either they won't even get a opportunity to cash out or with their greediness they will not withdraw their profits when they have opportunity to withdraw profits. So at the end they will lose and start thinking to recover their loses and slowly lose all their money again and again. So I think gambling is not profitable in the long run.

Not everyone are like that. Some people seriously have a good control for their greediness and will stop when they win. Only some immature person that is not able to do that

klf

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Quote from: everaja on October 31, 2015, 10:19:36 AM

Generally the gambling is not profitable in long Term , but if you can cash-out the Initial and wisely play the game with fraction of profits then you can win and will not be in loss.

I think most of the people will start with this same concept but after staring either they won't even get a opportunity to cash out or with their greediness they will not withdraw their profits when they have opportunity to withdraw profits. So at the end they will lose and start thinking to recover their loses and slowly lose all their money again and again. So I think gambling is not profitable in the long run.

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Quote from: everaja on October 31, 2015, 10:19:36 AM

Generally the gambling is not profitable in long Term , but if you can cash-out the Initial and wisely play the game with fraction of profits then you can win and will not be in loss.

Yes, agreed with you. If you are withdrawing the whatever profit you have made on a regular basis then you can avoid the loss in long term. Either you will be in profits or will be neutral if you follow this strategy, many people are already successfully following this strategy.

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Generally the gambling is not profitable in long Term , but if you can cash-out the Initial and wisely play the game with fraction of profits then you can win and will not be in loss.

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No, I don't think that gambling will be profitable in the long run but I have heard that many people are making good profit and living from the income received from gambling. But its not possible for everyone to make profit and most of the people are loosing their money in the long run.

Compa

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Is my friend can play dice and sport betting
He can earn about 0.1-1 btc/week
but i dont know can survive be profitable in long term.

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Quote from: Erza on October 31, 2015, 02:29:30 AM

Quote from: MinerHQ on October 30, 2015, 03:20:24 AM

Quote from: 1990BEARS on October 26, 2015, 08:26:12 PM

No you can not win and beat house edge with strategy
It's all luck

Yes that is correct but some times one can make some money from sports betting. Here also need luck but it is not fully depending on luck

Actually sportbetting and gambling like dice or any games is different. With sportbetting we can at least predict which one are going to be winner with some information that you gathering and little luck but with dice gambling you sure need a lot of luck to play it. No luck means busted so these is two different things

The payouts would be significantly lower when people bet with the one that is most likely to win. If it doesn't win, it would require much more winning bets to recover it. In the long term, this could happen for lots of times.

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Quote from: MinerHQ on October 30, 2015, 03:20:24 AM

Quote from: 1990BEARS on October 26, 2015, 08:26:12 PM

No you can not win and beat house edge with strategy
It's all luck

Yes that is correct but some times one can make some money from sports betting. Here also need luck but it is not fully depending on luck

so you are think sports betting can make a profitable in long term ? as you say sports bet is not just by luck?

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Quote from: MinerHQ on October 30, 2015, 03:20:24 AM

Quote from: 1990BEARS on October 26, 2015, 08:26:12 PM

No you can not win and beat house edge with strategy
It's all luck

Yes that is correct but some times one can make some money from sports betting. Here also need luck but it is not fully depending on luck

Actually sportbetting and gambling like dice or any games is different. With sportbetting we can at least predict which one are going to be winner with some information that you gathering and little luck but with dice gambling you sure need a lot of luck to play it. No luck means busted so these is two different things

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Quote from: Heutenamos on October 31, 2015, 12:32:45 AM

Quote from: cazkooo on October 30, 2015, 09:41:56 AM

Quote from: Xenoph0bia on October 30, 2015, 09:07:15 AM

I am not sure about how much is the winning percentage but I can say that its definitely below 50 percent.

The chance to win and to lose is exactly 50 % if you see it from the point of view that the result will be only win or lose but if you calculate the chance to win then it is less than 1 % because of the house edge

nah ,the chance is always 49.5% for 1% house edge games ,why would you say it is less than 1 % ?
its just luck but if you keep pushing it then you have a 100% percent chance to lose.

It is less than 50 % sorry that was a bit of typo but it is not 100 % to lose because sometimes variance may hit hard when you are betting and you could be in lead with some huge amount of profit

Heutenamos

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Quote from: cazkooo on October 30, 2015, 09:41:56 AM

Quote from: Xenoph0bia on October 30, 2015, 09:07:15 AM

I am not sure about how much is the winning percentage but I can say that its definitely below 50 percent.

The chance to win and to lose is exactly 50 % if you see it from the point of view that the result will be only win or lose but if you calculate the chance to win then it is less than 1 % because of the house edge

nah ,the chance is always 49.5% for 1% house edge games ,why would you say it is less than 1 % ?
its just luck but if you keep pushing it then you have a 100% percent chance to lose.

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Quote from: lorylore on October 30, 2015, 08:32:19 PM

Quote from: Betwrong on October 30, 2015, 10:23:40 AM

Quote from: MinerHQ on October 30, 2015, 05:11:27 AM

Quote from: yakelbtc on October 30, 2015, 05:02:34 AM

If you are investor or owner of gambling its always profitable no lost you unlike the player in gambling they can lost and they can win its depend on there luck on playing gambling.

owner of gambling sites are very few but many of them here are players so most likely they will lose over the time.

Wait, I dont' get it. How possibly can they lose if they are owners. You mean, they can lose to themselves?

If you are the owner of a gambling site you have all the chances to have profit from gambling.

well when you lose, the profit gain is shared among all the investor, so even you have a lot of btc invested, you gain like 10% back or so? you will still end up with 90% loss. unless u r 100% owner of the casino den you gain what you loss 100%.

I think the owner will not allow only 10% gain, because before he made casino he already estimates her gain, I think online casino is can be manipulated by the owner so he knows that he always have gain.

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Quote from: Betwrong on October 30, 2015, 10:23:40 AM

Quote from: MinerHQ on October 30, 2015, 05:11:27 AM

Quote from: yakelbtc on October 30, 2015, 05:02:34 AM

If you are investor or owner of gambling its always profitable no lost you unlike the player in gambling they can lost and they can win its depend on there luck on playing gambling.

owner of gambling sites are very few but many of them here are players so most likely they will lose over the time.

Wait, I dont' get it. How possibly can they lose if they are owners. You mean, they can lose to themselves?

If you are the owner of a gambling site you have all the chances to have profit from gambling.

well when you lose, the profit gain is shared among all the investor, so even you have a lot of btc invested, you gain like 10% back or so? you will still end up with 90% loss. unless u r 100% owner of the casino den you gain what you loss 100%.

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Quote from: MinerHQ on October 30, 2015, 05:11:27 AM

Quote from: yakelbtc on October 30, 2015, 05:02:34 AM

If you are investor or owner of gambling its always profitable no lost you unlike the player in gambling they can lost and they can win its depend on there luck on playing gambling.

owner of gambling sites are very few but many of them here are players so most likely they will lose over the time.

Wait, I dont' get it. How possibly can they lose if they are owners. You mean, they can lose to themselves?

If you are the owner of a gambling site you have all the chances to have profit from gambling.

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Quote from: Bitinity on October 30, 2015, 09:59:25 AM

Quote from: yakelbtc on October 30, 2015, 05:02:34 AM

If you are investor or owner of gambling its always profitable no lost you unlike the player in gambling they can lost and they can win its depend on there luck on playing gambling.

Not always, there is always a chance for investor/owner to lose their money for some conditions. Example : the site is hacked and all the bankroll stolen. Other example : a whale come in the beginning after the site just launched and won all the bankroll.

On bitcoin, a whale who got win on his bet will never get their money back. Lol
Better to play on popular site like DirectBet, Crypto-Games.net, Betcoin.ag.

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You can, if you get lucky enough with your variance.
It's just that in the long-term, you won't profit, unless you have a ridiculous amount of luck. But it is possible to profit from gambling in the short-term or if you quit while you're ahead.

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Quote from: yakelbtc on October 30, 2015, 05:02:34 AM

If you are investor or owner of gambling its always profitable no lost you unlike the player in gambling they can lost and they can win its depend on there luck on playing gambling.

Not always, there is always a chance for investor/owner to lose their money for some conditions. Example : the site is hacked and all the bankroll stolen. Other example : a whale come in the beginning after the site just launched and won all the bankroll.

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