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Topic: Can gambling be profitable in long term ? - page 184. (Read 112258 times)

full member
Activity: 210
Merit: 100
September 27, 2015, 08:51:15 AM
You can't profit from standard casino games like DICE or Roulette

You can, if you get lucky enough with your variance. It's just that in the long-term, you won't profit, unless you have a ridiculous amount of luck. But it is possible to profit from gambling in the short-term or if you quit while you're ahead, else no-one would do it!

I have a 97.308% luck Cheesy but it's very difficult to profit..
legendary
Activity: 1134
Merit: 1118
September 27, 2015, 08:46:28 AM
You can't profit from standard casino games like DICE or Roulette

You can, if you get lucky enough with your variance. It's just that in the long-term, you won't profit, unless you have a ridiculous amount of luck. But it is possible to profit from gambling in the short-term or if you quit while you're ahead, else no-one would do it!
full member
Activity: 210
Merit: 100
September 27, 2015, 08:35:59 AM
You can't profit from standard casino games like DICE or Roulette, that is a proven fact. If you think there are some systems which can help you win, you are wrong. Gambling systems have been around for as long as gambling has. No system has ever been proven to work.

0.01 from 0.001 LTC ( free faucet bonus ) Smiley but i click on wrong button.. so i loose it all Cheesy
legendary
Activity: 1288
Merit: 1000
September 27, 2015, 08:33:22 AM
You can't profit from standard casino games like DICE or Roulette, that is a proven fact. If you think there are some systems which can help you win, you are wrong. Gambling systems have been around for as long as gambling has. No system has ever been proven to work.
full member
Activity: 210
Merit: 100
September 27, 2015, 08:16:33 AM
How i made 0.01 LTC from 0.001 faucet fund and loose it with my mistake...

legendary
Activity: 1526
Merit: 1000
September 27, 2015, 07:08:38 AM
If you are skilled player i think you can do it in blackjack or poker. But if you own online casino I can say yes its profitable because only few can bet the house very rarely.

It is extremely difficult in blackjack at casinos and probably impossible online.

Bj using perfect strategy is -everything under most rulesets. You need to count cards to get yo +ev and that is not possible on most online sites.
legendary
Activity: 2058
Merit: 1015
September 27, 2015, 05:08:14 AM
If you are skilled player i think you can do it in blackjack or poker. But if you own online casino I can say yes its profitable because only few can bet the house very rarely.
legendary
Activity: 1134
Merit: 1118
September 27, 2015, 04:38:35 AM
Long-term is a bad "time period" to use here, though. When does short-term change to long-term?

It's better to look at terms of percentage of bankroll. Gambling on a dicing site with a 1% house edge gives you a 49.5% chance to turn your bankroll to 200% of your original bankroll, while giving you a 50.5% chance to turn your bankroll into 0% of your original bankroll - assuming you only stop when you reach 200% or 0% of your original bankroll. That 1% "spread" between the percentages is where the house makes their profit. So in the long-term, that spread is what kills you while giving the house profit.
legendary
Activity: 1946
Merit: 1137
September 26, 2015, 09:59:42 PM
No have changed your statement now earlier you said millions made from poker and now telling considerable.

You seem confused.

The question was "Can gambling be profitable in the long term?"

The answer is "Yes, if you are good enough that you have a positive expectation and have a big enough bankroll to withstand the variance it will be".

You need both. If you don't have a positive expectation you will lose if you play long enough, and if you don't have a big enough bankroll you'll go bust during one of the downswings.

Ways of having a positive expectation include counting cards when playing blackjack, playing games with progressive pots only when the pot is big enough to make it worthwhile, taking advantage of promotions, etc.

this clearly shows that you should never consider gaining profit from gambling.
you have to have a good luck, you need to be good at gambling and play long for the small profit. besides you have to have a huge bankroll which means investing big money.
so every sane person would invest that amount in something else with better guaranteed  profitability instead of gambling, if you are looking for profit only!
legendary
Activity: 1456
Merit: 1023
September 26, 2015, 08:56:49 PM
No have changed your statement now earlier you said millions made from poker and now telling considerable.

You seem confused.

The question was "Can gambling be profitable in the long term?"

The answer is "Yes, if you are good enough that you have a positive expectation and have a big enough bankroll to withstand the variance it will be".

You need both. If you don't have a positive expectation you will lose if you play long enough, and if you don't have a big enough bankroll you'll go bust during one of the downswings.

Ways of having a positive expectation include counting cards when playing blackjack, playing games with progressive pots only when the pot is big enough to make it worthwhile, taking advantage of promotions, etc.

Thanks for your explanation. Since I don't play poker so do not have much idea of these games.
legendary
Activity: 2940
Merit: 1333
September 26, 2015, 08:42:19 PM
No have changed your statement now earlier you said millions made from poker and now telling considerable.

You seem confused.

The question was "Can gambling be profitable in the long term?"

The answer is "Yes, if you are good enough that you have a positive expectation and have a big enough bankroll to withstand the variance it will be".

You need both. If you don't have a positive expectation you will lose if you play long enough, and if you don't have a big enough bankroll you'll go bust during one of the downswings.

Ways of having a positive expectation include counting cards when playing blackjack, playing games with progressive pots only when the pot is big enough to make it worthwhile, taking advantage of promotions, etc.
legendary
Activity: 2436
Merit: 1804
guess who's back
September 26, 2015, 03:48:02 PM
The answer is NEVER...it can never be profitable in long term ...coz there will always be a point of time when you will start loosing it and greed will take it all away....

What the hell are you talking about? Do you know how many poker pro players have made millions of dollars or how many pro tipsters make profit everyday from sport betting?
And do you know how many poker players or sport bettors lost everything? I bet losers are a lot bigger group that those who earned millions on gambling. It is generally true that you can profit if you are exceptionally good poker player or sport bettor bu you need to be elite.
And even then you can lose hard.

not everyone know what they are doing , but we can't ignore that poker is the most profitable game in the gambling market
yes there are people losing , that's why there are long term winning players
also you can consider your loses in poker as an investment , cause no one can learn the game without busting some dollars in the beginning
but when you lose in other games you simply bust your money without learning anything
sr. member
Activity: 420
Merit: 250
September 26, 2015, 03:05:34 PM
gambling definitely can not be profitable in a long term because of a house edge unless it is positive house edge, without that there is no strategy to beat the casino
legendary
Activity: 1526
Merit: 1000
September 26, 2015, 02:19:30 PM
not true, If you develop your skill sets along with your particular game, then the winning chances after hard practice you can definitely crack the game to make your profits.

I strongly say gambling will pay us in long term basis. But we need to design our own strategy and skill developments are more important.

there is no possible strategy or skill developments for roulette, dice, etc.
newbie
Activity: 14
Merit: 0
September 26, 2015, 01:15:13 PM
not true, If you develop your skill sets along with your particular game, then the winning chances after hard practice you can definitely crack the game to make your profits.

I strongly say gambling will pay us in long term basis. But we need to design our own strategy and skill developments are more important.
hero member
Activity: 490
Merit: 500
September 26, 2015, 11:30:39 AM
The answer is NEVER...it can never be profitable in long term ...coz there will always be a point of time when you will start loosing it and greed will take it all away....

What the hell are you talking about? Do you know how many poker pro players have made millions of dollars or how many pro tipsters make profit everyday from sport betting?

Any idea how many of them are there in this forum? I do agree like people can make money from sports betting but other I don't know.

What? I dont understand what you saying, the title says gambling, poker is a form of gambling and i have seen people in this forum that play poker and win considerable amounts of money, online poker of course

No have changed your statement now earlier you said millions made from poker and now telling considerable.

No? I said pro poker players make millions of dollars then you asked how many pro poker players are in this forum and i said i have seen some poker players here in the forum that make considerable amounts of money, are you ok? Do you need something?
full member
Activity: 196
Merit: 100
September 26, 2015, 08:36:56 AM
No gambling  won't be profitable in long term because as soon as people earn some with gambling they want more and more and eventually lose it all...This is the psychological problem of human mind!
legendary
Activity: 1946
Merit: 1137
September 26, 2015, 08:08:57 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.....?

no, i seriously doubt if what you are describing is possible at all. because if it was possible and we assume that their system is completely fair. then there would be a guy who bankrupt every one of the online casinos by winning 50-100 USD per day.
and soon they all would have closed up their website.
legendary
Activity: 1526
Merit: 1000
September 26, 2015, 07:42:20 AM
The answer is NEVER...it can never be profitable in long term ...coz there will always be a point of time when you will start loosing it and greed will take it all away....

What the hell are you talking about? Do you know how many poker pro players have made millions of dollars or how many pro tipsters make profit everyday from sport betting?
And do you know how many poker players or sport bettors lost everything? I bet losers are a lot bigger group that those who earned millions on gambling. It is generally true that you can profit if you are exceptionally good poker player or sport bettor bu you need to be elite.
And even then you can lose hard.

No one is saying it's easy. It is possible. It is possible in poker and sports betting to make +EV bets, therefore it is possible to be profitable long term.

Also, dice sites, casinos, etc make +ev bets all the time, therefore they are profitable gambling long term.
legendary
Activity: 1288
Merit: 1000
September 26, 2015, 07:21:09 AM
The answer is NEVER...it can never be profitable in long term ...coz there will always be a point of time when you will start loosing it and greed will take it all away....

What the hell are you talking about? Do you know how many poker pro players have made millions of dollars or how many pro tipsters make profit everyday from sport betting?
And do you know how many poker players or sport bettors lost everything? I bet losers are a lot bigger group that those who earned millions on gambling. It is generally true that you can profit if you are exceptionally good poker player or sport bettor bu you need to be elite.
And even then you can lose hard.
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