Can gambling be profitable in long term ? - page 181.

Mrs.Van.Braam

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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.....?

For me the answers were yes and no.. Because everytime you gambling on any kinds of casinos games you must aware that you need more lucky than you need yours skill, moreover if you gambling again bankers

fox19891989

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Quote from: Betwrong on October 02, 2015, 01:25:27 PM

Quote from: fox19891989 on October 02, 2015, 12:54:56 PM

Gambling can be rich, I see some guys who use affiliate program are rich too, and without any risk, if your referrals lost money, you can get commissions from them, if they won, you just don't get money, but they may lose all in the future, so in the long run you can be profitable.

I like this way to win with gambling!

You just must have a lot of rich friends who use your referrals and lose (the more the better).
I think this is the only risk free and almost guaranteed method to win with gambling in the long run.

Yeah, but it is very difficult to have so many rich friends, especially in my country, gambling is banned, so many of people in my country hate gambling including all of my families. Therefore I can't have so many gambling friends like you who may live in a legal gambling country, I envy you and I wish I would be born there so that I could be rich like those affiliate whales too. Grin

Betwrong

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Quote from: fox19891989 on October 02, 2015, 12:54:56 PM

Gambling can be rich, I see some guys who use affiliate program are rich too, and without any risk, if your referrals lost money, you can get commissions from them, if they won, you just don't get money, but they may lose all in the future, so in the long run you can be profitable.

I like this way to win with gambling!

You just must have a lot of rich friends who use your referrals and lose (the more the better).
I think this is the only risk free and almost guaranteed method to win with gambling in the long run.

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Quote from: bitgolden on October 02, 2015, 12:29:52 PM

Quote from: safari88 on October 02, 2015, 11:29:53 AM

I am not sure gambling will profitable the long-term, but I would lose everything as long as I play if I count I was a lot more to lose than to win Grin

But you will get more experience over that game. Long term means we need to a single game for long term in order to gain knowledge over that game. So, long term playing a single game with very less bet amount will make you rich over time.

No.

People play poker and bet sports forever and lose because they aren't smart enough to get better.

And no matter how many time you do it, you can't learn anything to beat games that have - expected value.

fox19891989

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Gambling can be rich, I see some guys who use affiliate program are rich too, and without any risk, if your referrals lost money, you can get commissions from them, if they won, you just don't get money, but they may lose all in the future, so in the long run you can be profitable.

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Quote from: safari88 on October 02, 2015, 11:29:53 AM

I am not sure gambling will profitable the long-term, but I would lose everything as long as I play if I count I was a lot more to lose than to win Grin

But you will get more experience over that game. Long term means we need to a single game for long term in order to gain knowledge over that game. So, long term playing a single game with very less bet amount will make you rich over time.

withche.07

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No, it is not sustainable income even if you are really talented and lucky.
You always need more guarenteed income from job or investments.

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I am not sure gambling will profitable the long-term, but I would lose everything as long as I play if I count I was a lot more to lose than to win Grin

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Quote from: Blawpaw on October 02, 2015, 07:57:20 AM

If Gambling wasn't profitable on the long run, how do you think that professional gamblers would survive. The truth is that gambling is a very risky activity and the ones who manage to live professionally by being a gambler have their own strategies. And even the most skillful gambler loses sometimes!

Professional gamblers do not play game of chances instead they play game of skills like blackjack,poker etc..

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Quote from: Betwrong on October 02, 2015, 10:43:46 AM

Quote from: Blawpaw on October 02, 2015, 07:57:20 AM

If Gambling wasn't profitable on the long run, how do you think that professional gamblers would survive. The truth is that gambling is a very risky activity and the ones who manage to live professionally by being a gambler have their own strategies. And even the most skillful gambler loses sometimes!

I have my theory: those gamblers (not all of them of course, but a large part of them) have infinite supply of money from their relatives who work at Government institutions stealing money and taking bribes. So such "gambler" can lose 20k then win 5k and then say "I've won 5k", because he can afford to not give a slightest f*** about those 20k lost.

Hence the legends about "professionals" who make a good living from gambling only. So it's more like a money laundering than gambling.

As I said, not all of them are like this, but I think most of them.

There are a lot less professional gamblers than you think and none of them are playing dice games or roulette or craps to make their living.

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Quote from: Blawpaw on October 02, 2015, 07:57:20 AM

If Gambling wasn't profitable on the long run, how do you think that professional gamblers would survive. The truth is that gambling is a very risky activity and the ones who manage to live professionally by being a gambler have their own strategies. And even the most skillful gambler loses sometimes!

I have my theory: those gamblers (not all of them of course, but a large part of them) have infinite supply of money from their relatives who work at Government institutions stealing money and taking bribes. So such "gambler" can lose 20k then win 5k and then say "I've won 5k", because he can afford to not give a slightest f*** about those 20k lost.

Hence the legends about "professionals" who make a good living from gambling only. So it's more like a money laundering than gambling.

As I said, not all of them are like this, but I think most of them.

Blawpaw

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If Gambling wasn't profitable on the long run, how do you think that professional gamblers would survive. The truth is that gambling is a very risky activity and the ones who manage to live professionally by being a gambler have their own strategies. And even the most skillful gambler loses sometimes!

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Quote from: jpouza on October 02, 2015, 07:38:47 AM

The answer is simple:

Gambling can make you a homeless man in the long run Grin

You may get lucky and win life-changing money, like Mega Moolah jackpot of 12,000,000$.

jpouza

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The answer is simple:

Gambling can make you a homeless man in the long run Grin

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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.....?

As always its depends on lucky and how good you are, for example if you are playing poker i think this is a 50/50 between lycky vs how good you are.

So IMHO ofc you can win that ammount of money and much more if you have a good day Wink

, is not the first time that i see that someone do it.

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Quote from: BTCevo on October 02, 2015, 05:12:41 AM

Quote from: FanEagle on October 01, 2015, 05:42:10 PM

And remember, even if you win a lot, take breaks... it's good to feel satisfied, as long you aren't greedy.

Its hard to stop when people are winning, they will think that they are in luck mode so they wont even stop until they really loss Grin

. Most people are always like that, so in the end they will lose it without even know it

Yes when one in a winning spirit difficult stop them and those times they won't even take any advices as well but they will stop and take advices when they lose almost everything.

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Quote from: FanEagle on October 01, 2015, 05:42:10 PM

And remember, even if you win a lot, take breaks... it's good to feel satisfied, as long you aren't greedy.

Its hard to stop when people are winning, they will think that they are in luck mode so they wont even stop until they really loss Grin

. Most people are always like that, so in the end they will lose it without even know it

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Quote from: Pursuer on October 02, 2015, 03:42:40 AM

in my experience you can't earn a profit from gambling, especially in long term.
although it is possible to get lucky and gain a big profit on your bet in short term but as I look at my totals (I mean total amount that I have gambled and the total amount that I have won so far) I find out that I have lost more that I have won in the end.

May be the experience of your environment suggested not profitable situations. But I have seen many successful gamblers who make their living just from gambling. Bitcoin has given a new boost to gambling world, so people find more easy way of fun filled gambling for their living.

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Where is my ring of blades...

in my experience you can't earn a profit from gambling, especially in long term.
although it is possible to get lucky and gain a big profit on your bet in short term but as I look at my totals (I mean total amount that I have gambled and the total amount that I have won so far) I find out that I have lost more that I have won in the end.

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Quote from: Aemon on October 01, 2015, 01:51:30 PM

I think most people actually do worse at Sports betting than the casino. The casino has a fixed house edge that is constant. Sports betting is difficult, you are basically betting against professionals who make a line on whether or not a team will hit that, very difficult, usually people are around 40% when it comes to sports betting.

I dont think sport betting really hard to play, you just need to gather more information about their last match, mostly you will win. I ever saw someone bet 25btc and win it so sport betting is not based on luck games but about how much information that you get the higher chance you will get

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