Can gambling be profitable in long term ? - page 166.

InvoKing

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Quote from: Tstar on October 25, 2015, 01:06:42 PM

This thread is reaveling itself for what it is: a useless thread in which everybody randomly says random things.
Gambling will not make anybody rich. Unless one is extremely lucky. Gambling, on the long run, will make us all poor.

Except from the owner of the site which will be extremely rich.

Like that this topic got a complete answer.

Tstar

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This thread is reaveling itself for what it is: a useless thread in which everybody randomly says random things.
Gambling will not make anybody rich. Unless one is extremely lucky. Gambling, on the long run, will make us all poor.

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Quote from: apriyani420 on October 25, 2015, 09:48:16 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

It depends on how long term you specify. In a year, you will lost all. If you do not lose all, it means the design of the gamble is not right.

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Quote from: apriyani420 on October 25, 2015, 09:48:16 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

Might be. That's the key here. You'd have to be extremely lucky to have gambling be profitable over the long-term, as the variance will generally have evened out by then to put you in the red overall. You're much more likely to lose it all in the long-term.

BTCevo

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Quote from: apriyani420 on October 25, 2015, 09:48:16 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

You can get your luck everyday and in every bet. That is too risky by saying that. Sometimes you will in luck but in the end you will still lose it if you dont know how to stop it. Playing it in a year? What are you saying? In a year you will lose billion if you dont have enough balance to cover it

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Quote from: maku on October 25, 2015, 10:37:12 AM

Quote from: apriyani420 on October 25, 2015, 09:48:16 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

If you gamble regularly on any given day, the chances of emerging a winner aren't too bad the gamblers won money on 30% of the days they wagered.
But continuing to gamble is a bad bet. Just 11% of players end up in the black over the longer period of intense gambling.

would you mind do give us a link to those stats? thx

maku

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Quote from: apriyani420 on October 25, 2015, 09:48:16 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

If you gamble regularly on any given day, the chances of emerging a winner aren't too bad the gamblers won money on 30% of the days they wagered.
But continuing to gamble is a bad bet. Just 11% of players end up in the black over the longer period of intense gambling.

shulio

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Quote from: apriyani420 on October 25, 2015, 09:48:16 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

It is not going to be profitable in the long run . You are lucky at the first but at the long run you will always lose, it is not about lucky anymore, it is about house edge. Stop missleading people with this post

apriyani420

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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

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Quote from: Hellacopter on October 25, 2015, 09:38:48 AM

Quote from: sportfan on October 24, 2015, 06:32:02 PM

nah you will lose all your money at end.. Sad

I don't know if you re talking about your personal experience, but i think we can't generalize this idea.
If someone have the good luck and also working strategy i think even in the long term periods he can make nice earnings from gambling, of course there is a risk to lose but in general people already win and make profits also

Any working strategy or luck will not support any one for long time to make profits from gamble but only one or few time may be ok

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Quote from: sportfan on October 24, 2015, 06:32:02 PM

nah you will lose all your money at end.. Sad

I don't know if you re talking about your personal experience, but i think we can't generalize this idea.
If someone have the good luck and also working strategy i think even in the long term periods he can make nice earnings from gambling, of course there is a risk to lose but in general people already win and make profits also

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Quote from: Heutenamos on October 25, 2015, 02:44:09 AM

Quote from: klf on October 24, 2015, 08:05:36 PM

Quote from: sportfan on October 24, 2015, 06:32:02 PM

nah you will lose all your money at end.. Sad

Yes you're 100% correct. No one can be profitable for ever in gambling and every gambler knows this fact but still their greediness will not allow them to quit the gambling but still they will try and try until they lose all their money and some people even after losing they will borrow money to gamble and lose. So I think gambling should play some times to enjoy the game but not making money out of it.

this is just a negative mindset and solely based on IMO's ,there are thousands of people who have won millions in betting ,poker and in other casnos's
however borrowing money for gambling after losing is subjective.

Correct, but why don't you say that millions of people lost a lot of money instead?
Borrowing money to gamble more should be discouraged.

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Quote from: Erza on October 25, 2015, 05:21:25 AM

Yes people do it just for fun but most people do gamble is to win a lot of coin. What is the point of gambling if you only want to lose all of your money? There will be no one that gamble anymore

if someone just wants to throw money he just will not say anything. did not work and the money will automatically be reduced. Cheesy

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Quote from: JackpotRacer on October 24, 2015, 10:40:47 AM

Quote from: SyGambler on October 23, 2015, 09:43:08 AM

I think he meant +EV games when he mentioned long term , cause long term profit will never happen when playing -EV games
like if you have 0.5% edge you will make money in the long term no matter what you daily results are

guys listen to this simple and clear message of @SyGambler

gambling is fun and even more fun if you win and that's the way it should be

-EV bets will not give you long term profit ( no chance )

+EV bets will will give you long term profit

knowing this formula each one can decide what he likes to do. having fun or looking for +EV bets

best of luck wherever you put your coins

Yes people do it just for fun but most people do gamble is to win a lot of coin. What is the point of gambling if you only want to lose all of your money? There will be no one that gamble anymore

Eastwind

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Quote from: Bitinity on October 25, 2015, 03:00:15 AM

Quote from: sportfan on October 24, 2015, 06:32:02 PM

nah you will lose all your money at end.. Sad

100% disagree lol, there are many people still in a good profit. It depends on yourself, once you win big you should play less or even stop gambling. When you lose at the first try so its a bad luck and dont think to play again to recover your previous lost.

What he means is that if you keep on gambling, you will lose eventually. That is in the design of the gambling. The owner of the gambling control the odds against the user.

Bitinity

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Quote from: sportfan on October 24, 2015, 06:32:02 PM

nah you will lose all your money at end.. Sad

100% disagree lol, there are many people still in a good profit. It depends on yourself, once you win big you should play less or even stop gambling. When you lose at the first try so its a bad luck and dont think to play again to recover your previous lost.

Heutenamos

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Quote from: klf on October 24, 2015, 08:05:36 PM

Quote from: sportfan on October 24, 2015, 06:32:02 PM

nah you will lose all your money at end.. Sad

Yes you're 100% correct. No one can be profitable for ever in gambling and every gambler knows this fact but still their greediness will not allow them to quit the gambling but still they will try and try until they lose all their money and some people even after losing they will borrow money to gamble and lose. So I think gambling should play some times to enjoy the game but not making money out of it.

this is just a negative mindset and solely based on IMO's ,there are thousands of people who have won millions in betting ,poker and in other casnos's
however borrowing money for gambling after losing is subjective.

stingers

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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.....?

It's gambling, and as the word suggest, its unpredictable so actually it wont be right to say if you will win in long term. It all depends on luck, if you are lucky throughout your life then you'll be in profit for a long term while if you are unlucky you won't be in profit ever. So it's stupid of all those who say that its profitable/not profitable. There is no universal answer to this question. This a subjective to one's luck.

shulio

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Quote from: klf on October 24, 2015, 08:05:36 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

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Quote from: Laosai on October 25, 2015, 12:36:36 AM

Quote from: sportfan on October 24, 2015, 06:32:02 PM

nah you will lose all your money at end.. Sad

Probably you always lose on gambling that's why you are saying that Cheesy

We're on the same boat then! But that answer is somehow true, a very sad truth. But you can avoid losing in the end if you know when to stop, and of course don't be too greedy.

It is not he/she only lose but if any one who play for long term they will end up losing so whether you know when to quit then you may be reducing loses but you still will lose so I suggest don't ever try to make lot of money from gambling instead some time just play and if you win or lose don't continue for ever take a break. This gambling is more tempting for any one to addict very fast so gamble very carefully.

Topic: Can gambling be profitable in long term ? - page 166. (Read 112232 times)