Can gambling be profitable in long term ? - page 185.

DiamondCardz

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Quote from: acroman08 on September 26, 2015, 08:12:43 AM

i can say it is. My sister plays dice games and earns about 200mbtc a week
[...]
but she said one time she lost 2btc.

That's just variance, though. There are no tactics in dicing. Yeah, one week your sister might earn 200 mBTC, but what about that 2 BTC she lost? What time period was this over, how many bets were made, etc...in the long-term it is likely your sister will come out negative.

acroman08

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i can say it is. My sister plays dice games and earns about 200mbtc a week
of course not every week but she said she won more than she lose
so i guess shes a lucky gambler. but she said one time she lost 2btc.

DiamondCardz

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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.....?

Depends on the odds. Gambling on something with a defined house edge is never profitable in the long term, unless you've been extremely lucky with the low variance you would have. Playing the odds on something like betting on sports can be profitable in the long term if you're extremely good, generally with the chance of long-term profit increasing depending on how small the scene is and how good your knowledge is.

MinerHQ

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Quote from: GannickusX on September 26, 2015, 04:32:42 AM

Quote from: MinerHQ on September 26, 2015, 04:08:04 AM

Quote from: GannickusX on September 26, 2015, 04:02:17 AM

Quote from: pjsonowal on September 26, 2015, 03:57:22 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.

GannickusX

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Quote from: MinerHQ on September 26, 2015, 04:08:04 AM

Quote from: GannickusX on September 26, 2015, 04:02:17 AM

Quote from: pjsonowal on September 26, 2015, 03:57:22 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

MinerHQ

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Quote from: GannickusX on September 26, 2015, 04:02:17 AM

Quote from: pjsonowal on September 26, 2015, 03:57:22 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.

GannickusX

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Quote from: pjsonowal on September 26, 2015, 03:57:22 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?

pjsonowal

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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....

Banjiro

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Quote from: BTCevo on September 25, 2015, 11:07:00 AM

Quote from: bytezero on September 25, 2015, 01:23:51 AM

Quote from: SerenaL on September 25, 2015, 12:20:06 AM

Poker is a game that involves more skill than luck so it is viable long term. Poker is very competitive these days though.

Yes, but the problem is that poker requires lots of pacient and a lot of people including me, can't play that game for a reason.

Everytime I play poker I just throw my games.

Did you mean patience? Yes poker always play with patience and skills? Most people lose because they dont have that patient to wait. Poker is sure a boring game but the payout is great though if you can win it

May be poker is not your style of palying, you need to play something quick like dice, it will suitable for you Grin

Yes i agree with you, if want to play poker
Wee need be patience and skills and waiting for good cards to all in.

BTCevo

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Quote from: bytezero on September 25, 2015, 01:23:51 AM

Quote from: SerenaL on September 25, 2015, 12:20:06 AM

Poker is a game that involves more skill than luck so it is viable long term. Poker is very competitive these days though.

Yes, but the problem is that poker requires lots of pacient and a lot of people including me, can't play that game for a reason.

Everytime I play poker I just throw my games.

Did you mean patience? Yes poker always play with patience and skills? Most people lose because they dont have that patient to wait. Poker is sure a boring game but the payout is great though if you can win it

May be poker is not your style of palying, you need to play something quick like dice, it will suitable for you Grin

Erza

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Quote from: fox19891989 on September 25, 2015, 01:12:15 AM

Quote from: michietn94 on September 24, 2015, 11:46:06 PM

Quote from: Eminem133 on September 24, 2015, 12:57:43 PM

Any gambling can be profitable in long term as long as you can keep yourself under control.

Seems easy to do but it really hard to do ... Trust me.

Choose game with low stress level so you can have good self control. Thats mean no stupid bet and know when to stop !

I prefer sport game , soccer.

I do agree with you.
IMO, you can make a good profit in long term if you have a massive capital to play martiangle on dice or play big on sport match.

Just think about this, if gambler can be profit for long term, there will be no casino that can still operate for a long time.

Soccer is the most difficult to bet because good team could be lost to weak teams, i prefer tennis, although sometimes the results could be unexpected too, it still happens less than soccer, betting on djokovic is always winning in Grand Slam this years, he played 28 matches in 4 Grand Slams, and won 27 matches, betting on him is safe enough, and at least it is better than betting on soccer.

Although you always bet him, the payout sure is low right? I guess with him vs others that lower than him sure he will win and the payout is low but in soccer there are many kinds of bets that you can play so it will easily win a lot from only one game

maku

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No. There is no possibility to win all the time. While it is possible to make money gambling at a casino, you certainly shouldn't count on it.
Some gamblers do count on it, and some even think they have the winning method down, when all that method will get them is broke.

The worst you can do is to fell for The Gambler's Fallacy or The Sunk Cost Fallacy.

tiggytomb

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The possibility is there but it would be more down to luck then any true strategy, unless I suppose you play poker against real players and are pretty good.

Phildo

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Quote from: fox19891989 on September 25, 2015, 01:12:15 AM

Quote from: michietn94 on September 24, 2015, 11:46:06 PM

Quote from: Eminem133 on September 24, 2015, 12:57:43 PM

Any gambling can be profitable in long term as long as you can keep yourself under control.

Seems easy to do but it really hard to do ... Trust me.

Choose game with low stress level so you can have good self control. Thats mean no stupid bet and know when to stop !

I prefer sport game , soccer.

I do agree with you.
IMO, you can make a good profit in long term if you have a massive capital to play martiangle on dice or play big on sport match.

Just think about this, if gambler can be profit for long term, there will be no casino that can still operate for a long time.

Soccer is the most difficult to bet because good team could be lost to weak teams, i prefer tennis, although sometimes the results could be unexpected too, it still happens less than soccer, betting on djokovic is always winning in Grand Slam this years, he played 28 matches in 4 Grand Slams, and won 27 matches, betting on him is safe enough, and at least it is better than betting on soccer.

If you are only looking at wins and losses in betting you are doing it wrong. The payouts are what matters, and that's why the "tips" threads on this forum are useless. There is no money to be made betting on djokovic or Williams in the beginning of a tournament, yet people claim to do it and pad their record.

Betwrong

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I stand with Ukraine.

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.....?

In a long term you will always lose. It goes like everything's in this life - you live and then you die. You can't win in a long term in anything. But there are moments when you feel like a winner and that's why we keep on living. That's why we keep on gambling too.

But you should never bet more than can afford to lose.

mindrust

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Since non of us have the capital as big as casinos, we will usually lose in the long run. %99.9

Even if we had the capital, then we wouldnt bet as big as we'd like to, so again we ll lose...

Dont gamble kids.

Violincoin

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I just like dice and poker.

Paraka

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Quote from: lexuz on September 25, 2015, 03:27:51 AM

Quote from: bytezero on September 25, 2015, 01:23:51 AM

Quote from: SerenaL on September 25, 2015, 12:20:06 AM

Poker is a game that involves more skill than luck so it is viable long term. Poker is very competitive these days though.

Yes, but the problem is that poker requires lots of pacient and a lot of people including me, can't play that game for a reason.

Everytime I play poker I just throw my games.

If you have good knowledge in poker games, it means you know when you rise or fold. Not only when you get higher card you will rise without calculations maybe anyone have best card or bigger card than you have

to play poker i just waiting for good cards
to all in or call. i dont know how to bluff. but many player always bluffing.

lexuz

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Me, myself and I

Quote from: bytezero on September 25, 2015, 01:23:51 AM

Quote from: SerenaL on September 25, 2015, 12:20:06 AM

Poker is a game that involves more skill than luck so it is viable long term. Poker is very competitive these days though.

Yes, but the problem is that poker requires lots of pacient and a lot of people including me, can't play that game for a reason.

Everytime I play poker I just throw my games.

If you have good knowledge in poker games, it means you know when you rise or fold. Not only when you get higher card you will rise without calculations maybe anyone have best card or bigger card than you have

bytezero

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Quote from: SerenaL on September 25, 2015, 12:20:06 AM

Poker is a game that involves more skill than luck so it is viable long term. Poker is very competitive these days though.

Yes, but the problem is that poker requires lots of pacient and a lot of people including me, can't play that game for a reason.

Everytime I play poker I just throw my games.

Topic: Can gambling be profitable in long term ? - page 185. (Read 112232 times)