Can gambling be profitable in long term ? - page 182.

futurebit640

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Quote from: Aemon on October 01, 2015, 12:51:30 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 agree your point but I feel still betting in sports in quite easier if you know good about player and game. Unless the matches are fixed then no one can do any think otherwise you can guess who can win but some times last minute it match will turn then that is the part of betting. I'm good in guessing cricket matches but other matches not so good

DevSoft

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In my experience you can WIN. I play in local (Real-Life) Casinos sometimes, and in total I am in profit, have won about 100 EUR more than I have lost.

FanEagle

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

Aemon

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Quote from: fox19891989 on October 01, 2015, 01:50:33 PM

Quote from: Aemon on October 01, 2015, 12:51:30 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.

Right, I think there are 20% people don't lose money on sports betting, only less than 5% bettors make money, and 80% lost money, hehe.

I have a funny feeling you are trying to make fun of me? Sad

I obviously was just making up a % number but I can't imagine its closer to 50% than 40%. Of course I could be wrong but still no reason to make fun of me:(

apriyani420

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well it might be possibly profitable in a long term and you can win big sums out of it though you have to be really lucky in order to reach such big wins and win for a long time

fox19891989

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Quote from: Aemon on October 01, 2015, 12:51:30 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.

Right, I think there are 20% people don't lose money on sports betting, only less than 5% bettors make money, and 80% lost money, hehe.

Aemon

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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.

zero01

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Quote from: Zombier0 on October 01, 2015, 12:40:01 PM

Sport betting is better than casino

correct
and if you're really good at guessing, maybe it could make your profit

Zombier0

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Sport betting is better than casino

minionsgelato

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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.....?

everything is possible on gambling as long as you got your lucky day to earn profit bigger then your loss
and have lucky day in long term (everyday)? i am sure about that, except you are god of gamblers Grin

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Quote from: Paraka on September 30, 2015, 02:31:01 AM

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 or no work

This is the same how I see gamling. Just for fun and if you got some nice profit it's good. The best way to be profitable with gambling if you know when to stop. There it goes everytime wrong with me. Grin

EthanB

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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.....?

Crazier things have happened. Don't over-complicate your bets and don't forget to have fun.
My grandfather made a living as a gambling man, never held a job.

Paraka

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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 or no work

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Quote from: Omikifuse on September 29, 2015, 11:33:05 PM

Quote from: Millibetting on September 29, 2015, 03:42:54 PM

Gambling for Long Term Profit is not possible

Amount Lost always = amount bet X house edge

In the long run

No way else to put it... Math Angry

Some games don't have house edge, like sportbetting, so you in theory can win in the long run, no matter how long is your run.

And dice house edge is low, so it is always likely that the variance plays in your favor short term and you get profit, if you know when to stop

If you are winning, you can not stop to win more and more. It is all about human nature. But you are right. If you can stop or somebody force you to stop, it can be profitable. But you will begin again and who know you can win or not.

GannickusX

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Quote from: MinerHQ on September 30, 2015, 12:28:42 AM

Quote from: Aemon on September 29, 2015, 04:17:16 PM

Quote from: Millibetting on September 29, 2015, 03:42:54 PM

Gambling for Long Term Profit is not possible

Amount Lost always = amount bet X house edge

In the long run

No way else to put it... Math Angry

That isn't math, is just incoherent logic that doesn't make any sense. Long term gambling is possible, its just like winning the lottery, its rare but possible.

Are you sure lottery every one can win? If you say rare then by the time one get his chance he might have lost more then his winning money.

Ok, everyone in this thread needs to understand that ''gambling'' doesnt mean ''dice'' it can also be poker, sportsbetting and any other gambling game with no house edge. You can always make profit on those but it's just as hard as investing in stocks or any other investments. It is possible.

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Quote from: Aemon on September 29, 2015, 04:17:16 PM

Quote from: Millibetting on September 29, 2015, 03:42:54 PM

Gambling for Long Term Profit is not possible

Amount Lost always = amount bet X house edge

In the long run

No way else to put it... Math Angry

That isn't math, is just incoherent logic that doesn't make any sense. Long term gambling is possible, its just like winning the lottery, its rare but possible.

Are you sure lottery every one can win? If you say rare then by the time one get his chance he might have lost more then his winning money.

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Quote from: Millibetting on September 29, 2015, 03:42:54 PM

Gambling for Long Term Profit is not possible

Amount Lost always = amount bet X house edge

In the long run

No way else to put it... Math Angry

Some games don't have house edge, like sportbetting, so you in theory can win in the long run, no matter how long is your run.

And dice house edge is low, so it is always likely that the variance plays in your favor short term and you get profit, if you know when to stop

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Quote from: Millibetting on September 29, 2015, 04:29:54 PM

Quote from: Aemon on September 29, 2015, 04:17:16 PM

That isn't math, is just incoherent logic that doesn't make any sense. Long term gambling is possible, its just like winning the lottery, its rare but possible.

It may be possible but only because Bitcoin gambling websites are offering such low house edges and the gamblers aren't really making the thousands or millions of bets needed to be considered Long Term. If they won a bunch and they keep gambling they will lose a bunch and the law of large numbers will be seen in the gambling results the more the player gambles.

Math is Math I don't really think you can disprove that formula. In the Long Term (billions of bets)

Billions of bets are not required and that is not the actual meaning of long term. If you want to sustain in a gambling world for the fun it provides, you must develop your own winning skills as your own habits. Then you never hate or leave a profitable fun filled earning opportunity.

Millibetting

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Quote from: Aemon on September 29, 2015, 04:17:16 PM

That isn't math, is just incoherent logic that doesn't make any sense. Long term gambling is possible, its just like winning the lottery, its rare but possible.

It may be possible but only because Bitcoin gambling websites are offering such low house edges and the gamblers aren't really making the thousands or millions of bets needed to be considered Long Term. If they won a bunch and they keep gambling they will lose a bunch and the law of large numbers will be seen in the gambling results the more the player gambles.

Math is Math I don't really think you can disprove that formula. In the Long Term (billions of bets)

Aemon

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Quote from: Millibetting on September 29, 2015, 03:42:54 PM

Gambling for Long Term Profit is not possible

Amount Lost always = amount bet X house edge

In the long run

No way else to put it... Math Angry

That isn't math, is just incoherent logic that doesn't make any sense. Long term gambling is possible, its just like winning the lottery, its rare but possible.

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