Can gambling be profitable in long term ? - page 189.

flock123

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Quote from: plost24 on September 22, 2015, 08:22:23 PM

if you want to get 50$ for gambing every day you need to have 4 btc and gambling with payout 1.05 everyday and take the risk if you win 50$ or you will lose 1000$.
so it's so crazy Wink

.
then the gambling is not profitable in long term one day you will lose.

maybe you could generate more than $ 90 if you have a 4 BTC capital, but even if you win, and accept all the risks Cheesy

it's a game Grin

freedomno1

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Assuming the house edge never statistically
However factoring in promotions and winning them now and then it could end up as a positive if your lucky.
Lose at the assumed house edge but win prizes at a rate that results in a net positive balance.

plost24

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if you want to get 50$ for gambing every day you need to have 4 btc and gambling with payout 1.05 everyday and take the risk if you win 50$ or you will lose 1000$.
so it's so crazy Wink

.
then the gambling is not profitable in long term one day you will lose.

bitcoinmar

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No its never been profitable in long term basis because most of games depend on your luck and just some on strategy and its not possible your luck works every time you can lost just in one day

tennozer

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No, it can not be profitable in long term period. You can win and win day by day, but at the end you will begin to loose and try to win what you lost but again you loose.

deadlyunknown

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If the house edge is negative, you may get some profit in the long term. Tongue

Pedja

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On a long run gambling can be profitable in 2 cases: if you win massive jackpot (don't hope, it's not going to happen) or if you are owner of a casino.

actmyname

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It can be profitable in the long-term, but theoretically it is always going to end with negative profits. That house edge will always make a player lose if they gamble enough.

irfan01

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it all depends on your luck
maybe you could be more but also can be a loss

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it depends , playing casino games for won't be profitable in the long run unless you are the casino owner
but playing some games like poker or betting on sports can lead you to a long term profit

Aemon

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Quote from: leex1528 on September 22, 2015, 05:20:00 PM

It definitely "can" be, anything is possible. I will say, the odds are not in your favor, there is a house edge at casinos and that is why they stay in business.

Your best bet is to play for fun, sometimes you will win sometimes you will lose, the rest is up to you how you spend your money.

This, pretty much. There is no way you can promise you will gain money from gambling, it is like winning the lottery, sure it is possible to win, just not probable!

leex1528

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It definitely "can" be, anything is possible. I will say, the odds are not in your favor, there is a house edge at casinos and that is why they stay in business.

Your best bet is to play for fun, sometimes you will win sometimes you will lose, the rest is up to you how you spend your money.

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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.....?

only if one is the owner of the casino and gamble only on it for fun or for testing purposes

but even bigger wins are possible and happen more or less often, but keep it for every day is hard

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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.....?

Gambling is just a hobby for the majority of people. It is very, very unlikely that you can make a guaranteed salary by gambling. You may have a good run but what are you supposed to do when you're on a losing streak?

I'm sure there are a small number of people who know how to make big money gambling, maybe by cheating the system or having inside knowledge on rigged sports but to answer the OP - 'can gambling be profitable in the long term'.......I say for 99.999999% of people NO!

Don't try to think you can be one of the few lucky/highly skilled gamblers either because more than likely you'll lose everything & be financially ruined. Gambling is fun - keep it that way!

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I would say it is highly unlikely that you can make money long term unless you are really disciplined and have a lot of spare time on your hands. Gambling in my experience is like Pac-Man the ghosts will get you in the end just depends how long you can run for.

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Quote from: joksim299 on September 22, 2015, 08:52:00 AM

Quote from: Inkvor on September 22, 2015, 08:46:40 AM

Quote from: joksim299 on September 22, 2015, 07:23:05 AM

Quote from: Inkvor on September 22, 2015, 07:20:38 AM

Quote from: coolkiller on September 22, 2015, 07:17:19 AM

The only problem in online is cutting card you never know how deep your deck it....

You can never win over house in the long run in online casinos.
also you cant make steady profits from gambling ,its not a job ?

How I can win in the long run against live casinos?

maybe you didnt read my whole post ? what does the second statement says ?
as we are mostly speaking of online casinos ..so i referred that, didnt said you can win in real casinos ?

You said we can not win over house in the long run in online casino so I assumed that you are saying we can win long term in real casinos.

it would be better to make everything clear before assuming anything on someones statement .
or else it would be judgemental.

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Quote from: JeWay on September 22, 2015, 11:24:20 AM

I think it won't be possible, because gambling is based on your luck.

Most of the games are based on your luck only, but some does involve skills. As a matter of fact, there are professional poker players that make a huge fortune in poker, but only a very small number of players are able to do that. So the answer is "no" for the majority and "yes" for a tiny tiny minority.

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Quote from: JeWay on September 22, 2015, 11:24:20 AM

I think it won't be possible, because gambling is based on your luck.

That's 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.

JeWay

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I think it won't be possible, because gambling is based on your luck.

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Quote from: Karartma1 on September 22, 2015, 10:40:31 AM

Quote from: NoRespect on September 22, 2015, 10:38:41 AM

Yes, of course
if you are good at gambling you must be,,you can make 50-100$/day even more

Can you elaborate how can you make this possible? What's your strategy?

I think the only way to earn 100$ daily is you have 100.000$ cash for your betting system. Play to win 1 time only and quit it for that day.

the strategy is to make +ev bets. You won't find those on a dice site or on the tables at most casinos. Find a sports bet with a bad line, find a slot machine with a very high progressive payout, find a video poker machine with great odds and play it perfectly, find someone worse than you at poker...

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