Can gambling be profitable in long term ? - page 174.

harizen

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Quote from: WhatTheGox on October 12, 2015, 06:18:44 AM

Quote from: harizen on October 12, 2015, 06:16:30 AM

Quote from: Inkvor on October 12, 2015, 05:36:50 AM

Quote from: harizen on October 12, 2015, 05:12:59 AM

But if I want to gamble, I'd rather choose to invest in gambling site's bankroll than playing against the house. I already make some profits in one of that gambling site but only for small amount since we all know that profit by investing in bankroll is not that quick profit.

yes you are right we know its not a get rich scheme ...but don't get confused between gambling and investing...
its not gambling when you invest your coins in a company or casino.

Still it's gambling since your are taking risk here in. Possibility of the company to turn black is always there. But of course I don't do invest in gambling site's bankroll without precautions. Risk is always there but we can avoid it.

Everything is a gambling even crossing the road, its all about +ev or -ev. I dont think you can avoid risk even with a +ev bet.... you can get hit by a car at any point etc.

Some business and investing deals are just so solid that the chances of losing money are very very unlikely.

This. That's why If I will to choose between playing against the house or taking advantage of the house, I will rather just invest money in gambling site's bankroll than spending a lot in playing gamble. Risk is there always but at least somehow this is better than playing. Im playing too at those house edge games but not that spending too much on it.

WhatTheGox

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Quote from: harizen on October 12, 2015, 06:16:30 AM

Quote from: Inkvor on October 12, 2015, 05:36:50 AM

Quote from: harizen on October 12, 2015, 05:12:59 AM

But if I want to gamble, I'd rather choose to invest in gambling site's bankroll than playing against the house. I already make some profits in one of that gambling site but only for small amount since we all know that profit by investing in bankroll is not that quick profit.

yes you are right we know its not a get rich scheme ...but don't get confused between gambling and investing...
its not gambling when you invest your coins in a company or casino.

Still it's gambling since your are taking risk here in. Possibility of the company to turn black is always there. But of course I don't do invest in gambling site's bankroll without precautions. Risk is always there but we can avoid it.

Everything is a gambling even crossing the road, its all about +ev or -ev. I dont think you can avoid risk even with a +ev bet.... you can get hit by a car at any point etc.

Some business and investing deals are just so solid that the chances of losing money are very very unlikely.

harizen

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Quote from: Inkvor on October 12, 2015, 05:36:50 AM

Quote from: harizen on October 12, 2015, 05:12:59 AM

But if I want to gamble, I'd rather choose to invest in gambling site's bankroll than playing against the house. I already make some profits in one of that gambling site but only for small amount since we all know that profit by investing in bankroll is not that quick profit.

yes you are right we know its not a get rich scheme ...but don't get confused between gambling and investing...
its not gambling when you invest your coins in a company or casino.

Still it's gambling since your are taking risk here in. Possibility of the company to turn black is always there. But of course I don't do invest in gambling site's bankroll without precautions. Risk is always there but we can avoid it.

WEBcreator

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Quote from: StevenLiang on October 12, 2015, 02:38:29 AM

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.....?

I never think in gambling be profitable in long term. but, i always enjoy and fun.

for me gambling just for fun to play if not busy.

And it will not be profitable again if you play on the long-term

Many people believe in that but there are some people that always play for fun and never believe what will happened next hit the jackpot and they continue to play and start winning by then. How are you going to explain this? Because there will be no gurantee that you will win or lose in long term game

Inkvor

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Quote from: harizen on October 12, 2015, 05:12:59 AM

But if I want to gamble, I'd rather choose to invest in gambling site's bankroll than playing against the house. I already make some profits in one of that gambling site but only for small amount since we all know that profit by investing in bankroll is not that quick profit.

yes you are right we know its not a get rich scheme ...but don't get confused between gambling and investing...
its not gambling when you invest your coins in a company or casino.

harizen

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Quote from: Pony789 on October 12, 2015, 05:08:08 AM

Quote from: harizen on October 12, 2015, 04:51:44 AM

We are talking of gambling here so the risk is always there. And why would such a bankroll investors will choose those gambling site that already dust in their names and not that popular or highly vouchable. Everyone must conduct a research before starting to invest in that gambling site of course and don't just invest.

For your reference, diceninja and dicebitcoin were once upon a time popular, trusted and with lots of vouchers. IIRC dooglus was even at one point suggesting people to try the sites and no one really expect the two sites to scam. And they turned out to be scams later. I am not hinting anything, but the same could happen again.

Yeah possibility of happening that again has a chance that is why gambling is risky. But if I want to gamble, I'd rather choose to invest in gambling site's bankroll than playing against the house. I already make some profits in one of that gambling site but only for small amount since we all know that profit by investing in bankroll is not that quick profit.

Pony789

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Quote from: harizen on October 12, 2015, 04:51:44 AM

We are talking of gambling here so the risk is always there. And why would such a bankroll investors will choose those gambling site that already dust in their names and not that popular or highly vouchable. Everyone must conduct a research before starting to invest in that gambling site of course and don't just invest.

For your reference, diceninja and dicebitcoin were once upon a time popular, trusted and with lots of vouchers. IIRC dooglus was even at one point suggesting people to try the sites and no one really expect the two sites to scam. And they turned out to be scams later. I am not hinting anything, but the same could happen again.

harizen

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Quote from: Pony789 on October 12, 2015, 04:41:58 AM

Quote from: harizen on October 12, 2015, 04:11:42 AM

How about investing in some popular gambling site that offers investing in their bankroll. Take advantage of the house edge. I think this one somehow can be profitable for a long term. Although you can't feel the profits here early you will noticed in the long term that somehow your investment is growing.

Don't underestimate the risk of investing in a site, as quite a number of invest-able sites had scammed in the past such as diceninja, dicebitcoin, ice-dice, etc. Also, though unlikely, the house could have a loss over a considerable long period of time. Take a look at the "total profit" graph for bitdice on http://dicesites.com/bitdiceme from early 2015 and you will see one such example.

I see no underestimating issue in my post.

We are talking of gambling here so the risk is always there. And why would such a bankroll investors will choose those gambling site that already dust in their names and not that popular or highly vouchable. Everyone must conduct a research before starting to invest in that gambling site of course and don't just invest.

Pony789

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Quote from: harizen on October 12, 2015, 04:11:42 AM

How about investing in some popular gambling site that offers investing in their bankroll. Take advantage of the house edge. I think this one somehow can be profitable for a long term. Although you can't feel the profits here early you will noticed in the long term that somehow your investment is growing.

Don't underestimate the risk of investing in a site, as quite a number of invest-able sites had scammed in the past such as diceninja, dicebitcoin, ice-dice, etc. Also, though unlikely, the house could have a loss over a considerable long period of time. Take a look at the "total profit" graph for bitdice on http://dicesites.com/bitdiceme from early 2015 and you will see one such example.

harizen

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How about investing in some popular gambling site that offers investing in their bankroll. Take advantage of the house edge. I think this one somehow can be profitable for a long term. Although you can't feel the profits here early you will noticed in the long term that somehow your investment is growing.

rizkyhiw

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Quote from: bitgolden on October 12, 2015, 03:57:32 AM

Quote from: StevenLiang on October 12, 2015, 02:38:29 AM

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.....?

I never think in gambling be profitable in long term. but, i always enjoy and fun.

for me gambling just for fun to play if not busy.

And it will not be profitable again if you play on the long-term

For fun and pleasure people always wanted to play gambling. But to expect the profitable gambling we must need some practice as well as some skills. When people go for gambling just for fun they must not expect the profits, just enjoy the gambling and ignore the profit or loss situations. Come back tomorrow with new money.

Gambling could be profitable if there is a bankroll management, good skill enough and high patience.
If you play gambling from morning to morning again it won't be profitable. I do beleive on it.
That's why bankroll management needed, high patience needed and good skill needed. Without them you will just make a have fun play gamble

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Quote from: StevenLiang on October 12, 2015, 02:38:29 AM

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.....?

I never think in gambling be profitable in long term. but, i always enjoy and fun.

for me gambling just for fun to play if not busy.

And it will not be profitable again if you play on the long-term

For fun and pleasure people always wanted to play gambling. But to expect the profitable gambling we must need some practice as well as some skills. When people go for gambling just for fun they must not expect the profits, just enjoy the gambling and ignore the profit or loss situations. Come back tomorrow with new money.

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Quote from: MinerHQ on October 03, 2015, 08:59:48 PM

Quote from: maku on October 03, 2015, 10:22:28 AM

Quote from: sempak on October 03, 2015, 10:06:30 AM

gambling will not make you rich forever. here you will learn to keep your money. allocate your money and return to gambling when you are short of money. Cheesy

You are completely wrong here. You are not gambling when you are short of money, never.
You only gamle with excessive of your money, when you actually have money you can lose, without jeopardizing your financial situation further.

I think you are 100% wrong. There are plenty of people who barrow money for gambling. When people do not have money then they look all kinds of short cuts to make money.

but if they don't have money in the first place, what will they do in the event that they lose everything, like probably happened before because they had to borrow money to gamble?

StevenLiang

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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.....?

I never think in gambling be profitable in long term. but, i always enjoy and fun.

for me gambling just for fun to play if not busy.

And it will not be profitable again if you play on the long-term

panjul07

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Quote from: BTCevo on October 11, 2015, 11:40:53 PM

Quote from: maku on October 11, 2015, 06:21:04 PM

Quote from: MinerHQ on October 03, 2015, 08:59:48 PM

Quote from: maku on October 03, 2015, 10:22:28 AM

Quote from: sempak on October 03, 2015, 10:06:30 AM

gambling will not make you rich forever. here you will learn to keep your money. allocate your money and return to gambling when you are short of money. Cheesy

You are completely wrong here. You are not gambling when you are short of money, never.
You only gamle with excessive of your money, when you actually have money you can lose, without jeopardizing your financial situation further.

I think you are 100% wrong. There are plenty of people who barrow money for gambling. When people do not have money then they look all kinds of short cuts to make money.

Lets be realistic. If you borrow money to gamble more when you just lost everything - you are already doomed, you are fucked up beyond belief.
You are so tilted, biased and susceptible to gambler's fallacy that your chances of winning are slim. This is real world, there are no shortcuts.

So that is loss right? You guys always thing the negative way, borrow money and lose everything, lets think the positive way. How about if you borrow money and can flip the coin? You will be on top right now. There is 50/50 that you will lose and win, it depends on yourselves too which do you want to be win or lose

I have to disagree with you buddy, to win or lose is not depend on ourselves but it depends on luck. If it depends on ourselves, it would be great and for sure we all want to win.

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Quote from: maku on October 11, 2015, 06:21:04 PM

Quote from: MinerHQ on October 03, 2015, 08:59:48 PM

Quote from: maku on October 03, 2015, 10:22:28 AM

Quote from: sempak on October 03, 2015, 10:06:30 AM

gambling will not make you rich forever. here you will learn to keep your money. allocate your money and return to gambling when you are short of money. Cheesy

You are completely wrong here. You are not gambling when you are short of money, never.
You only gamle with excessive of your money, when you actually have money you can lose, without jeopardizing your financial situation further.

I think you are 100% wrong. There are plenty of people who barrow money for gambling. When people do not have money then they look all kinds of short cuts to make money.

Lets be realistic. If you borrow money to gamble more when you just lost everything - you are already doomed, you are fucked up beyond belief.
You are so tilted, biased and susceptible to gambler's fallacy that your chances of winning are slim. This is real world, there are no shortcuts.

So that is loss right? You guys always thing the negative way, borrow money and lose everything, lets think the positive way. How about if you borrow money and can flip the coin? You will be on top right now. There is 50/50 that you will lose and win, it depends on yourselves too which do you want to be win or lose

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Quote from: sakira on October 11, 2015, 08:28:34 AM

Quote from: harizen on October 11, 2015, 08:01:13 AM

Quote from: Aemon on October 10, 2015, 01:44:58 PM

Quote from: agustina2 on October 10, 2015, 07:26:28 AM

Let's make this thread title to this:

Can gambling be profitable in a long run?

Answer will be yes.

But with long term, meaning long duration of playing, well definitely yes you can't make profit from playing gambling for a long term.

Wrong, you can definitely be profitable. While you are more than likely to lose, it is definitely possible to be profit after playing for a long period of time.

What do you mean for playing in long period of time? Playing for a day or playing for a long term like regularly playing everyday?

Profit for gambling for a long period of time is not possible but for a short period of playing it is possible if you can make some good profit from it then you cashout it quickly. But be ready on your next try.

yes right, I think there is no profitable long-term in gambling. gambling is short-term profit, maybe if investment in gambling yes maybe you can get a long-term profit

Yes there will be profitable if you really play it for safe, earn it little by little and dont be too greedy. I know this is shorterm thats why you need to be safer to play rather than spend all your money just in one night. And investment in gambling? How are you going to do that? Most gambling site didnt open a investment for us because they have enough balance cover the loss, thats why they open gambling site. If they dont have any backup finance to paid the customer no one will play in their site

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Quote from: klf on October 11, 2015, 09:27:04 PM

Quote from: MinerHQ on October 11, 2015, 10:53:50 AM

Quote from: sakira on October 11, 2015, 08:28:34 AM

Quote from: harizen on October 11, 2015, 08:01:13 AM

Quote from: Aemon on October 10, 2015, 01:44:58 PM

Quote from: agustina2 on October 10, 2015, 07:26:28 AM

Let's make this thread title to this:

Can gambling be profitable in a long run?

Answer will be yes.

But with long term, meaning long duration of playing, well definitely yes you can't make profit from playing gambling for a long term.

Wrong, you can definitely be profitable. While you are more than likely to lose, it is definitely possible to be profit after playing for a long period of time.

What do you mean for playing in long period of time? Playing for a day or playing for a long term like regularly playing everyday?

Profit for gambling for a long period of time is not possible but for a short period of playing it is possible if you can make some good profit from it then you cashout it quickly. But be ready on your next try.

yes right, I think there is no profitable long-term in gambling. gambling is short-term profit, maybe if investment in gambling yes maybe you can get a long-term profit

Gambling is not good for long term, just play for fun some times. Otherwise they are chances you can lose your money so better try to invest your money some other ways.

What you said is very true. When any one try to become rich from gambling way then most probably then may lose their money and end up nothing in hand so it is better gamble only part time for fun and if you though you win some money don't take it seriously and go for bigger bets to make more money. That will be very dangerous decision.

Gambling is never good for long term. But you just use it for passing time and enjoy if you win but don't try to become rich with gambling.

klf

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Quote from: MinerHQ on October 11, 2015, 10:53:50 AM

Quote from: sakira on October 11, 2015, 08:28:34 AM

Quote from: harizen on October 11, 2015, 08:01:13 AM

Quote from: Aemon on October 10, 2015, 01:44:58 PM

Quote from: agustina2 on October 10, 2015, 07:26:28 AM

Let's make this thread title to this:

Can gambling be profitable in a long run?

Answer will be yes.

But with long term, meaning long duration of playing, well definitely yes you can't make profit from playing gambling for a long term.

Wrong, you can definitely be profitable. While you are more than likely to lose, it is definitely possible to be profit after playing for a long period of time.

What do you mean for playing in long period of time? Playing for a day or playing for a long term like regularly playing everyday?

Profit for gambling for a long period of time is not possible but for a short period of playing it is possible if you can make some good profit from it then you cashout it quickly. But be ready on your next try.

yes right, I think there is no profitable long-term in gambling. gambling is short-term profit, maybe if investment in gambling yes maybe you can get a long-term profit

Gambling is not good for long term, just play for fun some times. Otherwise they are chances you can lose your money so better try to invest your money some other ways.

What you said is very true. When any one try to become rich from gambling way then most probably then may lose their money and end up nothing in hand so it is better gamble only part time for fun and if you though you win some money don't take it seriously and go for bigger bets to make more money. That will be very dangerous decision.

Phildo

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Quote from: adaseb on October 11, 2015, 06:24:49 PM

Quote from: maku on October 11, 2015, 06:21:04 PM

Quote from: MinerHQ on October 03, 2015, 08:59:48 PM

Quote from: maku on October 03, 2015, 10:22:28 AM

Quote from: sempak on October 03, 2015, 10:06:30 AM

gambling will not make you rich forever. here you will learn to keep your money. allocate your money and return to gambling when you are short of money. Cheesy

You are completely wrong here. You are not gambling when you are short of money, never.
You only gamle with excessive of your money, when you actually have money you can lose, without jeopardizing your financial situation further.

I think you are 100% wrong. There are plenty of people who barrow money for gambling. When people do not have money then they look all kinds of short cuts to make money.

Lets be realistic. If you borrow money to gamble more when you just lost everything - you are already doomed, you are fucked up beyond belief.
You are so tilted, biased and susceptible to gambler's fallacy that your chances of winning are slim. This is real world, there are no shortcuts.

Yes I completely agree. You should NEVER EVER borrow money especially to gamble or for any high risk investements

You shouldn't borrow money to play dice/roulette/craps/blackjack whatever.

there are certain circumstances where it makes sense to borrow money in other situations. If you had a ticket that was going to pay out 150-1 on the Astros winning the world series or 80-1 for the Rangers, you could borrow money to make some other bets to guarantee yourself a healthy profit.

Which is what everyone seems to be missing in this thread by talking in absolutes. You probably won't make money gambling, you probably shouldn't borrow money to gamble, but if you can find +ev bets and/or situations (which is EXTREMELY DIFFICULT, but possible) both can make sense.

Topic: Can gambling be profitable in long term ? - page 174. (Read 112232 times)