Can gambling be profitable in long term ? - page 176.

kostya.ash

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Quote from: Laosai on October 10, 2015, 04:11:01 AM

Quote from: coolkiller on September 22, 2015, 04:16:01 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.....?

The answer can be yes and it can be also no depending on the LUCK of the gambler. Actually you earn more than that everyday but you can also lose more than what can you afford to lose everyday. Gambling(for gamblers) isn't really made for profit , it's solely made for entertainment purposes ( my opinion

)

i think can be no, discipline in gambling ? it is impossible for me
everyone who played in gambling has a very big appetite for a big profit with quick, it makes losing

hungaroo

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i really doubt that knowing that all games have big house edge

harizen

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Quote from: Omikifuse on October 10, 2015, 04:42:56 AM

There are very few people that manage to be long term winners in the long run in the card games, specially Poker. They are very few and I suspect some of them use the Poker earnings as some kind of money laundering(like Walter White did for some time).

I have no idea how to become one of them. It is for few and you'll risk good money in your try

You are right here. Skills based games like poker has a chance to make you win for a long term because here you are not really depending just in your luck. You are helping your luck here by doing some strategy to make you win in every deal. Much better to save up those profits because others players are doing this too when you are in the table.

Omikifuse

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There are very few people that manage to be long term winners in the long run in the card games, specially Poker. They are very few and I suspect some of them use the Poker earnings as some kind of money laundering(like Walter White did for some time).

I have no idea how to become one of them. It is for few and you'll risk good money in your try

buddu

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At sometimes even very good gambler looses.I don't think anyone just wins always in long term.When two professional gamblers play one of them looses.Casinos are which win in long run not the gamblers this is my point.

harizen

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Well let's take this to other side. We know gambling is not profitable in a long term. That's 100% will happen if a gambler always played at those house edge games that under the system of provably fair.

But what if that gamblers always do sports betting. You know sports betting at least has a high chance to make a profit even for a long run and if the waves will always come to you definitely for a long term. Luck is still has a major part here but Im sure with proper analyzation gamblers can make profit in sports bet. Upset in every game always happens but for random cases.

Omikifuse

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You can one day or another but not every day because of variance. Even professional gamblers that manage to have long term profit from card games or similar have big string of losses sometimes. You always have to be able to handle losses and how much you can lose, no matter if you are a newbie with few cents or a professional poker players that bet millions

Laosai

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Quote from: coolkiller on September 22, 2015, 04:16:01 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.....?

The answer can be yes and it can be also no depending on the LUCK of the gambler. Actually you earn more than that everyday but you can also lose more than what can you afford to lose everyday. Gambling(for gamblers) isn't really made for profit , it's solely made for entertainment purposes ( my opinion

)

kostya.ash

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Quote from: Anmol_Verma on October 09, 2015, 09:25:11 PM

Infact gambling ia dangerous in long term because your mind will be on to win more and more and ultimately lose all.

agree with you, all investments that are dangerous is not suitable for long term investment

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Quote from: harizen on October 09, 2015, 08:36:14 AM

Quote from: n2004al on October 09, 2015, 04:23:08 AM

Quote from: gogxmagog on October 08, 2015, 06:28:28 AM

The longer you play the more you will lose. It is fact. Gamblers want to believe otherwise but they are in denial. You will never recoup your losses, only add to them.

I was reading about the psychology of gambling addiction and oddly enough, the endorphin payoff and rush the gambler responds to by returning to the tables happens when they lose and not when they win. Losing is what drives them. Seems counter intuitive but when you think about it and watch the behavior of gambling addicts it makes perfect sense

The perfect post. Finally someone who know and understand. No need to tell other things. Needed only to put this post as the first post of every page in the threads where is spoken about gambling. Maybe someone who gamble will understand and will do something good to himself.

I doubt that every gamblers will understand that. For gamblers to really understand that saying and the outcoming output for them, gamblers must be lost and feel it by themselves to make it really penetrate to the inner inside of them.

Most gambler know what they are doing because they know their risk but still continue it, thats why Im saying here gambler is tough enough that can hold a great burden such a great addiction and the risk of losing money. This is their habit, you can't even change them except from themselves

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Quote from: wenG on October 09, 2015, 08:43:56 AM

Maybe gamble can profitable if you always win or you have lucky charm that makes you win Grin

Some people say that if the money comes from gambling is not good.

Gambling is sure profitable when you know when to stop, if you are just push your luck away like that I dont think you will ever save even a penny. Its true that gambling need charm but you need self control too. All money is good no matter what, and most people dont even know where that money comes from if you give them Grin

Anmol_Verma

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Infact gambling ia dangerous in long term because your mind will be on to win more and more and ultimately lose all.

Emerge

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It might be, if you go low stakes for a long time with martingale..
Maybe if you prepare for at least a 25x loss, you could profit in the long term.

futurebit640

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Quote from: mark coins on October 09, 2015, 06:51:59 PM

Gambling is a terrible way to try and make money unless you have odds in your favor and do a fair amount of research.

Yes gambling is quite danger if any one planning it as a full time job and they may lose all their money so it is better to gamble for fun and gamble only which you can afford to lose. Also it is good to avoid gamble every day instead gamble some times to reduce those loses. Try to gamble on games which you have some knowledge then on those games is purely based on luck.

mark coins

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Gambling is a terrible way to try and make money unless you have odds in your favor and do a fair amount of research.

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Quote from: neochiny on October 09, 2015, 09:58:14 AM

Quote from: coolkiller on September 22, 2015, 04:16:01 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.....?

even with rules and discipline the chance of getting profit in long term is still 40-60%
40% for winning and 60% for loosing, you may win consecutively but that win
will be taken if you loose consecutively. and what im sure about is you will
lose more than winning.

thats is why we will always lose part of the house of edge..

no matter how good we are, if we stay for long....but some people said that they can beat the house by using diff odds...

neochiny

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Crypto.games

Quote from: Phildo on October 09, 2015, 10:48:22 AM

Quote from: neochiny on October 09, 2015, 09:58:14 AM

Quote from: coolkiller on September 22, 2015, 04:16:01 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.....?

even with rules and discipline the chance of getting profit in long term is still 40-60%
40% for winning and 60% for loosing, you may win consecutively but that win
will be taken if you loose consecutively. and what im sure about is you will
lose more than winning.

Making up numbers is not helpful to the conversation.

It is all about expected value. If you don't understand that, you will lose money. If you understand that, and don't apply it properly, you will lose money.

i put the percentage to give an idea of how much you can loose and how much you can win, it may not help the conversation
but it will give the gamabler an idea what will happen in long term.

thinkinger

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Quote from: n2004al on October 09, 2015, 08:50:46 AM

Quote from: wenG on October 09, 2015, 08:43:56 AM

Maybe gamble can profitable if you always win or you have lucky charm that makes you win Grin

Some people say that if the money comes from gambling is not good.

If the money with which you gamble are pocket money and destined for fun, part of those can be gambled. But for fun and not for win. If you will gamble for win you will lose all the possible money you have. Maybe not immediately but one day in the future yes. If you play for fun and win you must enjoy that money and not to be greedy to have more. Those money won for fun are good money.

If the money with which you gamble are the money of your bread of the bread of your family with the desire to win more those are bad money. In that case you are addicted from gambling and will lose all your money. One day from those which will come.

in other words : Easy come, easy goes.

Hellacopter

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Quote from: coolkiller on September 22, 2015, 04:16:01 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 not so easy, not impossible but very hard in my opinion.
You have to be for real lucky guy to make this 50-100 $ a day by gambling
I think gambling can be profitable if you have good strategy and very nice luck

WEBcreator

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Quote from: n2004al on October 09, 2015, 04:23:08 AM

Quote from: gogxmagog on October 08, 2015, 06:28:28 AM

The longer you play the more you will lose. It is fact. Gamblers want to believe otherwise but they are in denial. You will never recoup your losses, only add to them.

I was reading about the psychology of gambling addiction and oddly enough, the endorphin payoff and rush the gambler responds to by returning to the tables happens when they lose and not when they win. Losing is what drives them. Seems counter intuitive but when you think about it and watch the behavior of gambling addicts it makes perfect sense

The perfect post. Finally someone who know and understand. No need to tell other things. Needed only to put this post as the first post of every page in the threads where is spoken about gambling. Maybe someone who gamble will understand and will do something good to himself.

Yeah that is a good say but whats the point in saying this. People in this thread are sure know the risk, thats why they keep on gambling. If someone only play only to have fun I dont think they will risk their money just to gamble. They will lose 0.01 for trying and they even said that is too much

Topic: Can gambling be profitable in long term ? - page 176. (Read 112258 times)