Can gambling be profitable in long term ? - page 165.

Hellacopter

hero member

Activity: 742

Merit: 500

Quote from: Sowik on October 26, 2015, 04:58:24 AM

It could be but you must have really strong self control and luck.

No doubt that the luck have good rule in the gambling world, but also i think the experience and the strategy can help especially when someone spend good amounts in gambling he need to be lucky and also having working strategy

Aemon

sr. member

Activity: 308

Merit: 250

Quote from: DiamondCardz on October 26, 2015, 04:25:57 AM

Quote from: Eastwind on October 26, 2015, 03:43:19 AM

Quote from: Misiak4 on October 25, 2015, 10:04:01 PM

Luck is the highest factor in gambling...maybe in some games skill too, but without luck you cant be "rich" with gambling.

Luck is a good factor in gambling. However, the law of statistics is the most important. That is the reason why somebody will operate a casino.

Luck is how the gambler makes his profit. Statistics is how the house makes its profit.

Which do you think is going to be more reliable over time?

Not sure if this thread can be summed up any better than this. You are more than likely to lose when you play at casinos because of stats. Stats don't lie, emotions do!

Now if we are talking about poker, entirely different animal!

lite

legendary

Activity: 1400

Merit: 1009

Quote from: Sowik on October 26, 2015, 04:58:24 AM

It could be but you must have really strong self control and luck.

True those who have self control to withdraw their winnings will be in profit, those who can't control themselves lose a lot.

Sowik

sr. member

Activity: 532

Merit: 327

It could be but you must have really strong self control and luck.

DiamondCardz

legendary

Activity: 1134

Merit: 1118

Quote from: Eastwind on October 26, 2015, 03:43:19 AM

Quote from: Misiak4 on October 25, 2015, 10:04:01 PM

Luck is the highest factor in gambling...maybe in some games skill too, but without luck you cant be "rich" with gambling.

Luck is a good factor in gambling. However, the law of statistics is the most important. That is the reason why somebody will operate a casino.

Luck is how the gambler makes his profit. Statistics is how the house makes its profit.

Which do you think is going to be more reliable over time?

Tstar

legendary

Activity: 1176

Merit: 1005

Decentralized Asset Management Platform

Quote from: n2004al on October 26, 2015, 02:52:27 AM

Quote from: shulio on October 25, 2015, 12:39:27 AM

Quote from: klf on October 24, 2015, 07:05:36 PM

No one can be profitable for ever in gambling

I am right now profitable in my poker + sportsbook gambling. I may not be profitable forever but atleast right now im in profit. Some people can get profit if they know how to do it correctly

What does it mean to be correct in betting or playing poker? There are rules that must be followed or strategies than make you win? How time have you in betting and sport gambling? How is the time in profit during all this time? Can you be fair in your answers?

Yes, I might not die today but I may die tomorrow. Therefore, I may win today and I might lose tomorrow. Hence, on the long run we will all be dead.

Eastwind

hero member

Activity: 896

Merit: 1000

Quote from: Misiak4 on October 25, 2015, 10:04:01 PM

Luck is the highest factor in gambling...maybe in some games skill too, but without luck you cant be "rich" with gambling.

Luck is a good factor in gambling. However, the law of statistics is the most important. That is the reason why somebody will operate a casino.

n2004al

legendary

Activity: 1134

Merit: 1000

Quote from: shulio on October 25, 2015, 12:39:27 AM

Quote from: klf on October 24, 2015, 07:05:36 PM

No one can be profitable for ever in gambling

I am right now profitable in my poker + sportsbook gambling. I may not be profitable forever but atleast right now im in profit. Some people can get profit if they know how to do it correctly

What does it mean to be correct in betting or playing poker? There are rules that must be followed or strategies than make you win? How time have you in betting and sport gambling? How is the time in profit during all this time? Can you be fair in your answers?

WEBcreator

hero member

Activity: 840

Merit: 1000

Quote from: futurebit640 on October 25, 2015, 09:46:44 PM

Quote from: Misiak4 on October 25, 2015, 09:40:22 PM

Simple said: NO, it cant be profitable long term. Maybe when you will be mega-lucky.

If gambing sites were at loss there should not be milion gambing sites. In long run "house edge" will be the winner...

Yes no one can make money from gambling in the long run or can generate continue profits from gambling. But still some members claim that if one have a skills then they can make money from certain games where they need to skills to win. We should know for any game to win we also need some luck also so luck will come only sometimes not ever time.

Of course you can. You need to see how many pro poker player that make money to live just from playing poker. They are not fiction and they are real. They are the proof that if you got skills then you can win

Misiak4

member

Activity: 183

Merit: 12

ImmVRse | Disrupting the VR industry

Luck is the highest factor in gambling...maybe in some games skill too, but without luck you cant be "rich" with gambling.

futurebit640

hero member

Activity: 910

Merit: 1000

Quote from: Misiak4 on October 25, 2015, 09:40:22 PM

Simple said: NO, it cant be profitable long term. Maybe when you will be mega-lucky.

If gambing sites were at loss there should not be milion gambing sites. In long run "house edge" will be the winner...

Yes no one can make money from gambling in the long run or can generate continue profits from gambling. But still some members claim that if one have a skills then they can make money from certain games where they need to skills to win. We should know for any game to win we also need some luck also so luck will come only sometimes not ever time.

Misiak4

member

Activity: 183

Merit: 12

ImmVRse | Disrupting the VR industry

Simple said: NO, it cant be profitable long term. Maybe when you will be mega-lucky.

If gambing sites were at loss there should not be milion gambing sites. In long run "house edge" will be the winner...

EDIT: I am talking about Dice, Slots, etc.. (Sport bets yeah I believe they can be profitable when you know what are you doing...)

visual111

hero member

Activity: 493

Merit: 500

I'd say no, long run no. If you're smart about when to quit, then I think it could be

bitbaby

hero member

Activity: 812

Merit: 1000

Quote from: mutab on October 25, 2015, 05:40:03 PM

Quote from: apriyani420 on October 25, 2015, 08:48:16 AM

of course it might be profitable in a long run everything depends on how lucky you will be you can loose all your balance in a day though you can play with it for a year if youre lucky

Betting aint about being lucky, it's all about managing your bank well and not beeing greedy!

That's true but it's easier said then done, someone once told me that if you do sports betting and try to do it responsibly and just aim for 10-20 % of your investment every day you might just end up making profit over the course of time but as soon as we start to gamble our first aim is to double up the money as soon as possible and that's where we end up losing.

mutab

newbie

Activity: 33

Merit: 0

Quote from: apriyani420 on October 25, 2015, 08:48:16 AM

of course it might be profitable in a long run everything depends on how lucky you will be you can loose all your balance in a day though you can play with it for a year if youre lucky

Betting aint about being lucky, it's all about managing your bank well and not beeing greedy!

chennan

legendary

Activity: 1316

Merit: 1004

I think it's pretty safe to say that gambling can be profitable, but no one will ever know how profitable it can be for the short term... in the long term, I think everybody will clearly realize that you will end up losing because the odds always are against the better for every gambling website. But that's what makes it fun for the short term gambler who wants to have a couple drinks and gamble fractions of bitcoins with no fear of losing the shirt off their back if they lose.

BitMaxz

legendary

Activity: 3374

Merit: 3095

Playbet.io - Crypto Casino and Sportsbook

Quote from: apriyani420 on October 25, 2015, 08:48:16 AM

of course it might be profitable in a long run everything depends on how lucky you will be you can loose all your balance in a day though you can play with it for a year if youre lucky

I think not only base on luck it depends of your decipline and self control if you some profit dont be greedy just keep it and have profit.. you can win it again if play it continue so i you need a better wise decision...

fox19891989

hero member

Activity: 840

Merit: 1000

it can be, i bet on cloubet and earned a lot there, it offers highest odds and betting limits, so just clicking my signature and join, let's win together Grin

sana9821

sr. member

Activity: 420

Merit: 250

it might be profitable though i would be very careful with that as its nearly impossible for it to happen thats why i avoid gambling

Junko

legendary

Activity: 1512

Merit: 1000

If you consider poker to be gambling, then yes, absolutely gambling can be profitable in the long run.

Just go to sharkscope.com and click around. You will find many examples of poker players who profit long term from gambling/playing poker.

http://www.sharkscope.com/#Leaderboards//2015/Any-Game/Any%20Stakes?rankingstatistic=Profit

Not sure what is considered long term, but in over 60K+ hands, even I, an amateur poker player, am in profit playing micro-stakes poker cash games for bitcoin, not even counting rakeback or bonuses.

Topic: Can gambling be profitable in long term ? - page 165. (Read 112258 times)