Can gambling be profitable in long term ? - page 170.

MinerHQ

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Quote from: lexuz on October 19, 2015, 02:47:25 AM

Quote from: Kevin77 on October 18, 2015, 10:11:23 PM

Without improving yourself, continuing blindly with gambling is the way of searching how to loose money in sudden occasions. The professional gambler has turned their initial losses into profits only they continue their gambling along with skill development and less risk and high profit management.

I never know about professional gambler like you said, i meant gamble is only needed a luck. Skill is nothing required

I don't believe in professional gambling. By the time one become professional in gambling he/she might be losing all of their money. Wink

lexuz

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Quote from: Kevin77 on October 18, 2015, 10:11:23 PM

Without improving yourself, continuing blindly with gambling is the way of searching how to loose money in sudden occasions. The professional gambler has turned their initial losses into profits only they continue their gambling along with skill development and less risk and high profit management.

I never know about professional gambler like you said, i meant gamble is only needed a luck. Skill is nothing required

klf

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Quote from: Kevin77 on October 18, 2015, 10:11:23 PM

Without improving yourself, continuing blindly with gambling is the way of searching how to loose money in sudden occasions. The professional gambler has turned their initial losses into profits only they continue their gambling along with skill development and less risk and high profit management.

I don't have much ideas on professional skills of gambling but what I think is gambling for long run will be a dangerous to any one and they may lose more money in this process instead making money. So I think gamble for some times should be ok but not for long run. I do betting on sports and usually in cricket but not all cricket matches. I won more than 80% of my bets so for.

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Quote from: Kevin77 on October 18, 2015, 10:11:23 PM

Without improving yourself, continuing blindly with gambling is the way of searching how to loose money in sudden occasions. The professional gambler has turned their initial losses into profits only they continue their gambling along with skill development and less risk and high profit management.

The different with us amateur is that us the amateur never had enough and always try to win more and more with just a small bankroll. The professional has high bankroll and trying to win only a few percentage of the bankroll , after he win then he will stop and only play to keep getting some percentage

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Without improving yourself, continuing blindly with gambling is the way of searching how to loose money in sudden occasions. The professional gambler has turned their initial losses into profits only they continue their gambling along with skill development and less risk and high profit management.

Aemon

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Quote from: Dannie on October 18, 2015, 09:02:21 AM

Quote from: gampher on October 18, 2015, 08:58:30 AM

Quote from: Dannie on October 18, 2015, 08:23:03 AM

Quote from: maku on October 18, 2015, 07:09:58 AM

To be honest house edge is one of the smallest problems for the gamblers. It is like small tax, it is unavoidable, so deal with it, there is no casino without HE. But HE does not make you lose money lost bets will.

House edge is IMO the only problem for gamblers in only-luck-based games. If there is no house edge, gambling will not give a negative EV to the gamblers. Yup there is no casino without it, but you could choose to play on sites/games with a lower house edge to have a better chance to win.

it is the same fallacy' again ,searching a more longer way to lose.

Well if you are assuming people to play indefinitely, then yup eventually every player will lose. But if you do just a finite number of bets, you could win and you could lose though the EV is always negative.
For example, if you make just one x2 bet and will never bet again, you will have 49.5% win chance on sites with 1% HE and have 49.75% win chance on sites with 0.5% HE.

Pretty well summed up. There are no methods that you can have an EV of positive. Casinos wouldn't be big if they had that.

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Quote from: gampher on October 18, 2015, 08:58:30 AM

Quote from: Dannie on October 18, 2015, 08:23:03 AM

Quote from: maku on October 18, 2015, 07:09:58 AM

To be honest house edge is one of the smallest problems for the gamblers. It is like small tax, it is unavoidable, so deal with it, there is no casino without HE. But HE does not make you lose money lost bets will.

House edge is IMO the only problem for gamblers in only-luck-based games. If there is no house edge, gambling will not give a negative EV to the gamblers. Yup there is no casino without it, but you could choose to play on sites/games with a lower house edge to have a better chance to win.

it is the same fallacy' again ,searching a more longer way to lose.

Well if you are assuming people to play indefinitely, then yup eventually every player will lose. But if you do just a finite number of bets, you could win and you could lose though the EV is always negative.
For example, if you make just one x2 bet and will never bet again, you will have 49.5% win chance on sites with 1% HE and have 49.75% win chance on sites with 0.5% HE.

gampher

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Quote from: Dannie on October 18, 2015, 08:23:03 AM

Quote from: maku on October 18, 2015, 07:09:58 AM

To be honest house edge is one of the smallest problems for the gamblers. It is like small tax, it is unavoidable, so deal with it, there is no casino without HE. But HE does not make you lose money lost bets will.

House edge is IMO the only problem for gamblers in only-luck-based games. If there is no house edge, gambling will not give a negative EV to the gamblers. Yup there is no casino without it, but you could choose to play on sites/games with a lower house edge to have a better chance to win.

it is the same fallacy' again ,searching a more longer way to lose.
best is to go for real betting on soccer etc... just a minor fee to the casino but you get a fair platform .

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Quote from: maku on October 18, 2015, 07:09:58 AM

To be honest house edge is one of the smallest problems for the gamblers. It is like small tax, it is unavoidable, so deal with it, there is no casino without HE. But HE does not make you lose money lost bets will.

House edge is IMO the only problem for gamblers in only-luck-based games. If there is no house edge, gambling will not give a negative EV to the gamblers. Yup there is no casino without it, but you could choose to play on sites/games with a lower house edge to have a better chance to win.

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Quote from: Heutenamos on October 18, 2015, 06:21:47 AM

Quote from: panjul07 on October 18, 2015, 02:30:07 AM

Well I think there is no other skill-based game except poker, but of course it is not 100% skill-based game

Yes there are , sports is one of them as you get much better with time and experience .
of course nothing is 100% sure .

FYI, sportsbetting is not a skill based game. If you dont know what it means of a skill based games then check out google. Sportsbetting is just another luck game that is based on real world sports so the bookmaker has no ability to manipulate the result as well. You can think that you are good with it but in the end, luck matter all the way in the game

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Quote from: kotwica666 on October 17, 2015, 11:06:13 PM

Quote from: Decoded on October 17, 2015, 10:44:04 PM

if you do the math, gambling isnt really profitable in the long run specially if you gamble in sites that have house edge. you can win but you need more luck than the average

Actually, just "house edge" make that in long term you can't win. Everything is about that if website is honesty and of course about luck ..

To be honest house edge is one of the smallest problems for the gamblers. It is like small tax, it is unavoidable, so deal with it, there is no casino without HE. But HE does not make you lose money lost bets will.

MinerHQ

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Quote from: usairx on October 17, 2015, 08:26:45 PM

long-term profit is highly unlikely, But a winning wave is possible

That's true very difficult to win for long term. Just gamble for fun and if you win then just enjoy with that money. If not, then just leave it and do some other things

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Quote from: panjul07 on October 18, 2015, 02:30:07 AM

Well I think there is no other skill-based game except poker, but of course it is not 100% skill-based game

Yes there are , sports is one of them as you get much better with time and experience .
of course nothing is 100% sure .

kostya.ash

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how about gambling sportsbet, where we as a boss who can adjust the game score,
whether it can be as long-term investment?

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Quote from: thefaucetrunner on October 18, 2015, 01:44:53 AM

What skill based games can you play with Bitcoin?? I'd like to find some to increase my edge.

Well I think there is no other skill-based game except poker, but of course it is not 100% skill-based game because you still need some luck to win in poker.
Actually there was a new site where we can play a pvp basketball game (forget the name). They have announced their site in this forum for beta testing + giveaway, but unfortunately there is no update from the owner/admin after the beta testing finished.

cazkooo

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Quote from: ?? on ??

From my experience, i got less profit over time by gambling, so i quit gambling before i suffer any losses.

It is very normal and that is what we call as house edge, the more you play the more you feel its effect but variance may happen so so that is where people should take their profit and withdraw .You cant get profit in the long term but some people just dont know when to stop after they get profit

Kevin77

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Quote from: ?? on ??

Gambling can be profitable in long term if you're playing skill-based games & you're very good at it or you just have big luck.
Otherwise, i'm sure you will suffer loss in long term.

From my experience, i got less profit over time by gambling, so i quit gambling before i suffer any losses.

That's good idea to quit gambling or trading with initial profits. But Usually people are not ready to quit their golden quest. No one wants quit their good earning opportunity just because of greed. So, when we fail to control our emotions, gambling turns and shows us it's ugly faces. Leaving gambling with initial profit is a good idea.

thefaucetrunner

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Defend Bitcoin and its PoW: bitcoincleanup.com

What skill based games can you play with Bitcoin?? I'd like to find some to increase my edge.

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Quote from: ?? on ??

Gambling can be profitable in long term if you're playing skill-based games & you're very good at it or you just have big luck.
Otherwise, i'm sure you will suffer loss in long term.

From my experience, i got less profit over time by gambling, so i quit gambling before i suffer any losses.

I agree, If he/she have big luck or you start in big bet . But if you are not in line of gambling better not to take a risk or else. Lose is more you earn than winning. Of course they not make the site to get lose. They make it to earn. Also the strategy you have you can have lot of strategy to win and not all of you strategy can win. Gambling site will break it. Of course as I said they not make the site to get lose. they make it to earn.

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Quote from: everaja on October 17, 2015, 10:41:00 PM

Gambling in Long Term Depends upon the Bets that You select , actually is is quiet Risk to play in Long Turn , but i do have seen playing daily and winning around 1000k $ per week , so its not bad .
I generally loose in Long Term !

what!! are you talking about winning 1000,000 USD per week, every week from gambling! I am sorry but this sounds like BS

if it was even remotely possible, all gambling sites would go out of business in matter of one month. even if you meant 1K (1000 USD) it would have been a big and unrealistic number.

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