Can gambling be profitable in long term ? - page 167.

Laosai

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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

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.

MinerHQ

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Quote from: jpouza on October 24, 2015, 07:51:50 PM

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

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

The most synthetic answer in this thread Grin

What you said is very much true because there is not sure ways to win in gambling but easy to lose in gambling

klf

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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

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.

jpouza

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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

The most synthetic answer in this thread Grin

sportfan

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

Eastwind

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Quote from: wearepoor on October 24, 2015, 07:27:45 AM

Quote from: Eastwind on October 24, 2015, 06:13:06 AM

Quote from: FanEagle on October 24, 2015, 12:59:24 AM

And remember people,if you treat gambling like an hobby you will succeed in the long term,because you don't push yourself too hard on yourself.

As long as it is a hobby, you will not fee to upset if you lose some times. It is just a way to spend time.

Agreed with you but you should have capacity to afford the losses occurring from gambling. If gambling is your hobby but you can not afford to loose the money then its totally wrong and stay away from it. This should be applicable to only those people who have enough money and they gamble just for fun and as a hobby. If they can bear the loss then there should be no problem.

Yes, you should only gamble the money you can afford to lose. Like people use spare time and money for their hobby.

JackpotRacer

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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

wearepoor

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Quote from: Eastwind on October 24, 2015, 06:13:06 AM

Quote from: FanEagle on October 24, 2015, 12:59:24 AM

And remember people,if you treat gambling like an hobby you will succeed in the long term,because you don't push yourself too hard on yourself.

As long as it is a hobby, you will not fee to upset if you lose some times. It is just a way to spend time.

Agreed with you but you should have capacity to afford the losses occurring from gambling. If gambling is your hobby but you can not afford to loose the money then its totally wrong and stay away from it. This should be applicable to only those people who have enough money and they gamble just for fun and as a hobby. If they can bear the loss then there should be no problem.

n2004al

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Quote from: BestSoccerTips on October 24, 2015, 02:20:30 AM

Hi all,

I can assure you that it's not possible to win in the long run in an online casino. I can say so, because I work in the online casino business. Many players have won big amounts, like 100K, but lost everything again in the following months. Just because the system keeps track of your total balance (win/lose ratio).
The only way to make a long term profit from gambling is by playing poker or sportsbetting, but you have to follow the right tipsters.

If you are looking for the best tipsters, please follow this post:

https://bitcointalksearch.org/topic/banktipspl-best-football-betting-picks-1218261

Jean

Good to see the first part of your post. If this is something write from someone which work within the online gambling site there must not be more doubts about the sure loss of money in long term in an casino. This post must be used by everyone which want to give facts about gambling in online casinos.

Then I read the second part and in my mind born a question. Is this your first part of your post a trick used to have more players in poker or sports betting? Are not gamble both of those activities? Are more smart the owners of the first gamble than the seconds one which earn? So the owners of online casino are smart, do everything as it is needed and earn always. Until here nothing new. The new is only that, for the first time, (at least for me), this thing is accepted by someone which work within a casino. So know the tricks of the tradecraft. Cannot be doubts about its words.

On the other hands we have some "stupids" owners which are incapable to do as it is needed and make the others win. Losing themselves. And even this can last in time they stay again in business. My questions are: Why? What is the reason of their staying in this business if they don't earn nothing? Not only this, but even lose money?

Very strange. Hard to believe.

Eastwind

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Quote from: FanEagle on October 24, 2015, 12:59:24 AM

And remember people,if you treat gambling like an hobby you will succeed in the long term,because you don't push yourself too hard on yourself.

As long as it is a hobby, you will not fee to upset if you lose some times. It is just a way to spend time.

BTCevo

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Quote from: harizen on October 23, 2015, 09:30:10 AM

Quote from: Betwrong on October 23, 2015, 06:29:58 AM

But I absolutely agree with this. We shouldn't suggest anyone to try to make money from gambling.

I don't see people nowadays suggesting gambling to make money. What I see are people doing gambling even no one told them to do so hoping for a big fish.

You dont need to suggest them to play people will always attract with something flashy. And gambling you can earn fast money if you really lucky so it depends on you whether you have that risk to play or not. The higher risk the best result you can get but only if you win it

DiamondCardz

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Quote from: cazkooo on October 24, 2015, 02:26:06 AM

Quote from: BestSoccerTips on October 24, 2015, 02:20:30 AM

I can assure you that it's not possible to win in the long run in an online casino. I can say so, because I work in the online casino business. Many players have won big amounts, like 100K, but lost everything again in the following months. Just because the system keeps track of your total balance (win/lose ratio).

in a provably fair casino

A casino that the majority of the Bitcoin-using public would see as "provably fair" is not infallible. Unfair casinos can still appear to be "provably fair".

The reddit post "Provably Fair by bitZino: Not Provable (with Proof-of-Concepts)" has since been archived and deleted, but you can still view the comments and I'm sure googling that title will bring up some copies of the post.

StevenLiang

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Quote from: Erza on October 23, 2015, 09:41:47 PM

Quote from: jpouza on October 23, 2015, 09:37:40 AM

Quote from: ?? on ??

Quote from: MinerHQ on October 22, 2015, 11:27:32 PM

Yes, gambling for long term will surely make gambling house to more richer than gamblers for sure.

sometimes long term give you profit dude,not all long term only make you lost your money

A planned and solid long term investment, not a gambling one!! Grin

Nope. Long term investment sure give you profit but not as much as gambling because a planned gambling game if you really do it well and not too greedy you will earn a lot from it and it will be a long term profit. Most people want to get as much as they want as fast as they can and that will be impossible to do that

On the past, i had bad habit while play some gambling.
I always thinking that i can predicts well on some match, and bet with a huge amount of money.

Now i realize to play with percentage from your bankroll, no matter how much / how less money that you have on your bankroll. You need to play with %.

Lets say you have 1 BTC bankroll and you really believes your fav team will win on sportbook. How many BTC will you wager for this?
For me i will bet 5% from my bankroll for 90%+ win estimation.

cazkooo

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Quote from: BestSoccerTips on October 24, 2015, 02:20:30 AM

I can assure you that it's not possible to win in the long run in an online casino. I can say so, because I work in the online casino business. Many players have won big amounts, like 100K, but lost everything again in the following months. Just because the system keeps track of your total balance (win/lose ratio).

LOL thats only in a non provably fair online casino, in a provably fair casino you can check if the casino is cheating or not. I dont know why the casino keep track of that but it is not needed because every game has the house edge so sooner or alter if the guy keep playing then he will lose all of it .

BestSoccerTips

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Hi all,

I can assure you that it's not possible to win in the long run in an online casino. I can say so, because I work in the online casino business. Many players have won big amounts, like 100K, but lost everything again in the following months. Just because the system keeps track of your total balance (win/lose ratio).
The only way to make a long term profit from gambling is by playing poker or sportsbetting, but you have to follow the right tipsters.

If you are looking for the best tipsters, please follow this post:

https://bitcointalksearch.org/topic/banktipspl-best-football-betting-picks-1218261

Jean

checkitout

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agreed. give a man a fish and he will eat for a day. take a fisherman to Vegas and he will bet his boat on red 23...
It's entertainment people! I put my monthly gambling budget on the same line as beer, chips, and my netflix subscription. Seriously how many professional gamblers have you met? Right up there with Christopher Walken in the deer hunter. Not to say that I condone Russian roulette but rather that roulette sometimes keeps me from blowing my brains out

Its all about a break from reality.

FanEagle

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And remember people,if you treat gambling like an hobby you will succeed in the long term,because you don't push yourself too hard on yourself.

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Quote from: Erza on October 23, 2015, 09:41:47 PM

planned gambling game if you really do it well and not too greedy you will earn a lot from it and it will be a long term profit.

utter fallacy i would say, it can never be a long term profit cause the word itself says so ' gamble - take risky action in the hope of a desired result.'
dosent matters who is doing it or how ,its a loss in the long term.

edit:- even if you dont lose ,you can never get a long term profit.

Erza

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Quote from: jpouza on October 23, 2015, 09:37:40 AM

Quote from: ?? on ??

Quote from: MinerHQ on October 22, 2015, 11:27:32 PM

Yes, gambling for long term will surely make gambling house to more richer than gamblers for sure.

sometimes long term give you profit dude,not all long term only make you lost your money

A planned and solid long term investment, not a gambling one!! Grin

Nope. Long term investment sure give you profit but not as much as gambling because a planned gambling game if you really do it well and not too greedy you will earn a lot from it and it will be a long term profit. Most people want to get as much as they want as fast as they can and that will be impossible to do that

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Quote from: MinerHQ on October 23, 2015, 07:54:59 PM

Quote from: lottery248 on October 23, 2015, 07:47:08 PM

i don't think so.
to gain profit in long term, you should invest in the house fund, not gambling directly, since the house edge is always the trap.

That is true for long term returns one should invest money in like gold, property or in stocks than gambling. Gambling will bring only loss not profits

By "house fund", I am sure he was suggesting people to invest in the bankroll of gambling sites, rather than to real estate investment. Tongue

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