Can gambling be profitable in long term ? - page 22.

bitcoinmasterlord

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Quote from: shintosai on August 11, 2017, 11:24:25 AM

Quote from: betMaster on August 11, 2017, 07:06:48 AM

I think that the answer is yes gambling can be profitable in long term. Some gambling games don't depend on luck only they depend on experience and knowledge too. Once you set your gambling strategy based on your experience, i think you will get your profits higher.

with this point of and if you can stick with you principles then yes gambling can be profitable with your side as we knew that in anyhow
we will be able to find some good chances if we play much longer and if we really have control on our emotions and continue our strategy
without changing any settings.

Any skill games and knowledge base games you play, it depends on your luck. I agree that some games will work based on only our skills, but if you get strong opponents, then you need the luck to win your game. For example, you are pro gambler in a poker game, but you get bad cards, and your opponent is not a strong player, but he got good cards in that you need the luck to win your game. Not your skills will help you to win.

South Park

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I am terrible at Fantasy Football!!!

Quote from: 8Habits on August 10, 2017, 12:55:22 AM

Quote from: South Park on August 09, 2017, 10:51:26 PM

Quote from: nowlscor18 on August 08, 2017, 07:11:22 PM

Quote from: serjent05 on August 08, 2017, 06:45:36 AM

Quote from: LieTOme on August 08, 2017, 06:29:38 AM

We can not forever rely on gambling to earn more money. Because sebanarnya gambling is just a game. Surely there will be time to lose. Do not be too ambitious

I agree, gambling is not an earning den except for casino owner. Gambling casino is created for entertainment and winning is the bonus. It is made to take away stress and strain, diversification of attention after a long week of hardwork. It is profitable in terms of refreshing people for the next weeks work and if done in moderation. It has been proven that gambling casino is one of the best way to socialize and remove stress.

That's true we cannot really earn money by gambling, and its very sad that you've been working the whole week but lose it all in just one night if not that lucky.

That is the thing with gambling you can be in profit for most of the session but if at the end of the session you made a mistake or you simply get bad luck then you may lose all your money in a few rolls of a dice and then what it was a nice day becomes a terrible day.

I can really relate to that feeling - I remember a year ago where I thought I was doing great on that day when I just get consistent red until I just ran out of bankroll - guess how much btc was that? just 1.5 btc and all gone in a matter of few hours only. I don't want to experience that same feeling again.

I have never lost such a big amount of money but I know what you mean, there have been times when I play poker in which I’m having profits but I decide to keep playing but in a single hand you can lose everything you have been working so hard all day and the worst part is that you could play perfectly but if your opponent gets lucky then you lose no matter what.

shintosai

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Quote from: betMaster on August 11, 2017, 07:06:48 AM

I think that the answer is yes gambling can be profitable in long term. Some gambling games don't depend on luck only they depend on experience and knowledge too. Once you set your gambling strategy based on your experience, i think you will get your profits higher.

with this point of and if you can stick with you principles then yes gambling can be profitable with your side as we knew that in anyhow
we will be able to find some good chances if we play much longer and if we really have control on our emotions and continue our strategy
without changing any settings.

BillCoin

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Quote from: 8Habits on August 11, 2017, 07:18:46 AM

Quote from: TheUltraElite on August 11, 2017, 06:35:47 AM

Quote from: richkellj on August 11, 2017, 05:46:24 AM

Quote from: TheUltraElite on August 10, 2017, 07:38:14 AM

Quote from: lexamagic on August 09, 2017, 07:11:19 AM

Gambling can not be profitable in the short or long term. They can only lead to a loss of funds if you try to earn or receive pleasure if you look at them as entertainment.

I agree and I think gambling should be kept as a mode of entertainment and not the mode of earning money. Thus the players would not play in a serious manner and thus their losses will be minimum. If one thinks of gambling to be a mode of making money then they will get addicted to it and as soon as they lose some money they will try to win it back and thus they will continue to gamble.

Nobody is okay with losing his capital even in entertainment. I bet you can't also. In gambling either one is serious or ignorant, victory and defeat is just a matter of luck in fact and frequent loss is not welcomed by anyone. As far as its addiction is concerned, if someone keeps on doing something, that becomes his habit in no time and habits are difficult to push off certainly.

I think you are getting it all wrong - there cannot be any investment in an entertainment. If you are going to get entertained then there is a fees required. That is not an investment and you will not be getting it back in any form with or without interest. Gambling should be kept to a mode of entertainment and not as mode to earn money - that is all I was saying.

As far as I know we can invest in an entertainment - this time not a player but an investor with the casinos. There are also other forms of entertainment where we can invest to it as well - some bars, clubs, and the like.

You can invest in the casinos, that's a completely different thing, means that your funds go into the house as a reserve and you are getting a cut from the house edge.

Investing in the casino is probably one of the only ways that you can earn in the long run from a casino.

8Habits

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Quote from: TheUltraElite on August 11, 2017, 06:35:47 AM

Quote from: richkellj on August 11, 2017, 05:46:24 AM

Quote from: TheUltraElite on August 10, 2017, 07:38:14 AM

Quote from: lexamagic on August 09, 2017, 07:11:19 AM

Gambling can not be profitable in the short or long term. They can only lead to a loss of funds if you try to earn or receive pleasure if you look at them as entertainment.

I agree and I think gambling should be kept as a mode of entertainment and not the mode of earning money. Thus the players would not play in a serious manner and thus their losses will be minimum. If one thinks of gambling to be a mode of making money then they will get addicted to it and as soon as they lose some money they will try to win it back and thus they will continue to gamble.

Nobody is okay with losing his capital even in entertainment. I bet you can't also. In gambling either one is serious or ignorant, victory and defeat is just a matter of luck in fact and frequent loss is not welcomed by anyone. As far as its addiction is concerned, if someone keeps on doing something, that becomes his habit in no time and habits are difficult to push off certainly.

I think you are getting it all wrong - there cannot be any investment in an entertainment. If you are going to get entertained then there is a fees required. That is not an investment and you will not be getting it back in any form with or without interest. Gambling should be kept to a mode of entertainment and not as mode to earn money - that is all I was saying.

As far as I know we can invest in an entertainment - this time not a player but an investor with the casinos. There are also other forms of entertainment where we can invest to it as well - some bars, clubs, and the like.

betMaster

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I think that the answer is yes gambling can be profitable in long term. Some gambling games don't depend on luck only they depend on experience and knowledge too. Once you set your gambling strategy based on your experience, i think you will get your profits higher.

TheUltraElite

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So anyway, I applied as a merit source :)

Quote from: richkellj on August 11, 2017, 05:46:24 AM

Quote from: TheUltraElite on August 10, 2017, 07:38:14 AM

Quote from: lexamagic on August 09, 2017, 07:11:19 AM

Gambling can not be profitable in the short or long term. They can only lead to a loss of funds if you try to earn or receive pleasure if you look at them as entertainment.

I agree and I think gambling should be kept as a mode of entertainment and not the mode of earning money. Thus the players would not play in a serious manner and thus their losses will be minimum. If one thinks of gambling to be a mode of making money then they will get addicted to it and as soon as they lose some money they will try to win it back and thus they will continue to gamble.

Nobody is okay with losing his capital even in entertainment. I bet you can't also. In gambling either one is serious or ignorant, victory and defeat is just a matter of luck in fact and frequent loss is not welcomed by anyone. As far as its addiction is concerned, if someone keeps on doing something, that becomes his habit in no time and habits are difficult to push off certainly.

I think you are getting it all wrong - there cannot be any investment in an entertainment. If you are going to get entertained then there is a fees required. That is not an investment and you will not be getting it back in any form with or without interest. Gambling should be kept to a mode of entertainment and not as mode to earn money - that is all I was saying.

richkellj

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Quote from: TheUltraElite on August 10, 2017, 07:38:14 AM

Quote from: lexamagic on August 09, 2017, 07:11:19 AM

Gambling can not be profitable in the short or long term. They can only lead to a loss of funds if you try to earn or receive pleasure if you look at them as entertainment.

I agree and I think gambling should be kept as a mode of entertainment and not the mode of earning money. Thus the players would not play in a serious manner and thus their losses will be minimum. If one thinks of gambling to be a mode of making money then they will get addicted to it and as soon as they lose some money they will try to win it back and thus they will continue to gamble.

Nobody is okay with losing his capital even in entertainment. I bet you can't also. In gambling either one is serious or ignorant, victory and defeat is just a matter of luck in fact and frequent loss is not welcomed by anyone. As far as its addiction is concerned, if someone keeps on doing something, that becomes his habit in no time and habits are difficult to push off certainly.

TheUltraElite

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Activity: 2898

Merit: 1253

So anyway, I applied as a merit source :)

Quote from: lexamagic on August 09, 2017, 07:11:19 AM

Gambling can not be profitable in the short or long term. They can only lead to a loss of funds if you try to earn or receive pleasure if you look at them as entertainment.

I agree and I think gambling should be kept as a mode of entertainment and not the mode of earning money. Thus the players would not play in a serious manner and thus their losses will be minimum. If one thinks of gambling to be a mode of making money then they will get addicted to it and as soon as they lose some money they will try to win it back and thus they will continue to gamble.

erwin45hacked

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Quote from: kodes88 on August 10, 2017, 04:03:07 AM

Getting long-term profit is not impossible, but it must be admitted that is a very difficult thing. We can not beat flatly that gambling will not give long-term profit because there are some lucky people who get that kind of thing.

It totally depends on what games are you playing. If it is EV- games then it is not possible to get profit in the long run assuming that there is no time limit of playing but if it is EV+ then you can be sure that you will get some profit from it. It might not be much but atleast it is profit and it is profitable

kodes88

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Quote from: matthona on August 10, 2017, 01:36:13 AM

No gambling can never be profitable in long term as if you continue to gamble then you will surely be loosing all the money you have won so far so the best thing would be to quit gambling at a right time when you have won good amount of money.

Getting long-term profit is not impossible, but it must be admitted that is a very difficult thing. We can not beat flatly that gambling will not give long-term profit because there are some lucky people who get that kind of thing.

rizkyhiw

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Quote from: matthona on August 10, 2017, 01:36:13 AM

No gambling can never be profitable in long term as if you continue to gamble then you will surely be loosing all the money you have won so far so the best thing would be to quit gambling at a right time when you have won good amount of money.

The problem is how could you know you wouldn't back to gamble after you quit ?
Especially when you have experienced how good make money through gambling ,
One thing that i know you will get hooked even more ,
Its a fact that gamble continuously won't profitable yeah.

Granxis

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Quote from: matthona on August 10, 2017, 01:36:13 AM

No gambling can never be profitable in long term as if you continue to gamble then you will surely be loosing all the money you have won so far so the best thing would be to quit gambling at a right time when you have won good amount of money.

I do not think also we can make a profit in a long time because if you win in a day of gambling, it will be very hard to earn the next day, so we should see it as entertainment, if you see it as a profession, you both praise yourself and your money.

Ziskinberg

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Quote from: matthona on August 10, 2017, 01:36:13 AM

No gambling can never be profitable in long term as if you continue to gamble then you will surely be loosing all the money you have won so far so the best thing would be to quit gambling at a right time when you have won good amount of money.

I beg to disagree, it is possible to be profitable but not on the majority of gamblers, we know how hard to win in gambling but with people who are smart enough it would be possible for them, but of course it is only applicable or possible in skilled based games. Let's be smart, never think that a game with a house edge will bring profit to us, they are operating to give fun and that fun they give will entitle profit to them.

matthona

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Bitcointalk.org

No gambling can never be profitable in long term as if you continue to gamble then you will surely be loosing all the money you have won so far so the best thing would be to quit gambling at a right time when you have won good amount of money.

stadus

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Quote from: 8Habits on August 10, 2017, 12:55:22 AM

Quote from: South Park on August 09, 2017, 10:51:26 PM

Quote from: nowlscor18 on August 08, 2017, 07:11:22 PM

Quote from: serjent05 on August 08, 2017, 06:45:36 AM

Quote from: LieTOme on August 08, 2017, 06:29:38 AM

We can not forever rely on gambling to earn more money. Because sebanarnya gambling is just a game. Surely there will be time to lose. Do not be too ambitious

I agree, gambling is not an earning den except for casino owner. Gambling casino is created for entertainment and winning is the bonus. It is made to take away stress and strain, diversification of attention after a long week of hardwork. It is profitable in terms of refreshing people for the next weeks work and if done in moderation. It has been proven that gambling casino is one of the best way to socialize and remove stress.

That's true we cannot really earn money by gambling, and its very sad that you've been working the whole week but lose it all in just one night if not that lucky.

That is the thing with gambling you can be in profit for most of the session but if at the end of the session you made a mistake or you simply get bad luck then you may lose all your money in a few rolls of a dice and then what it was a nice day becomes a terrible day.

I can really relate to that feeling - I remember a year ago where I thought I was doing great on that day when I just get consistent red until I just ran out of bankroll - guess how much btc was that? just 1.5 btc and all gone in a matter of few hours only. I don't want to experience that same feeling again.

What are really bad experience, you would not lose that much if you were able to control yourself, games like dice really gives us instant
result and good if we are lucky but if not it will be a disaster.

8Habits

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Activity: 756

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Quote from: South Park on August 09, 2017, 10:51:26 PM

Quote from: nowlscor18 on August 08, 2017, 07:11:22 PM

Quote from: serjent05 on August 08, 2017, 06:45:36 AM

Quote from: LieTOme on August 08, 2017, 06:29:38 AM

We can not forever rely on gambling to earn more money. Because sebanarnya gambling is just a game. Surely there will be time to lose. Do not be too ambitious

I agree, gambling is not an earning den except for casino owner. Gambling casino is created for entertainment and winning is the bonus. It is made to take away stress and strain, diversification of attention after a long week of hardwork. It is profitable in terms of refreshing people for the next weeks work and if done in moderation. It has been proven that gambling casino is one of the best way to socialize and remove stress.

That's true we cannot really earn money by gambling, and its very sad that you've been working the whole week but lose it all in just one night if not that lucky.

That is the thing with gambling you can be in profit for most of the session but if at the end of the session you made a mistake or you simply get bad luck then you may lose all your money in a few rolls of a dice and then what it was a nice day becomes a terrible day.

I can really relate to that feeling - I remember a year ago where I thought I was doing great on that day when I just get consistent red until I just ran out of bankroll - guess how much btc was that? just 1.5 btc and all gone in a matter of few hours only. I don't want to experience that same feeling again.

South Park

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Activity: 2884

Merit: 794

I am terrible at Fantasy Football!!!

Quote from: nowlscor18 on August 08, 2017, 07:11:22 PM

Quote from: serjent05 on August 08, 2017, 06:45:36 AM

Quote from: LieTOme on August 08, 2017, 06:29:38 AM

We can not forever rely on gambling to earn more money. Because sebanarnya gambling is just a game. Surely there will be time to lose. Do not be too ambitious

I agree, gambling is not an earning den except for casino owner. Gambling casino is created for entertainment and winning is the bonus. It is made to take away stress and strain, diversification of attention after a long week of hardwork. It is profitable in terms of refreshing people for the next weeks work and if done in moderation. It has been proven that gambling casino is one of the best way to socialize and remove stress.

That's true we cannot really earn money by gambling, and its very sad that you've been working the whole week but lose it all in just one night if not that lucky.

That is the thing with gambling you can be in profit for most of the session but if at the end of the session you made a mistake or you simply get bad luck then you may lose all your money in a few rolls of a dice and then what it was a nice day becomes a terrible day.

virasisog

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Quote from: shulio on August 09, 2017, 09:45:33 PM

Quote from: allohha on August 09, 2017, 05:29:56 PM

Quote from: ahmia39 on August 09, 2017, 12:44:15 PM

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.....?

You might be able to try it for yourself, and then make a conclusion about gambling. I've gambling with bankroll 0.8btc and set profit target of 0.05btc/d (small instead?), 1st day til 3rd day all went well. On 4th day my emotions are unstable. I play continuously like blind pig to be 0.0btc.

Of course, if you become a co-owner of an online casino, then of course you can earn Not bad. And also you can try to invest in the project of gambling. I This way, too, will bring good profits. But just do not consider gambling as a way to earn money by using gambling.

If you invest in a gambling site, you are not really a co owner because they are only like borrowing your money and then give some portion back to you. I wont really say that it is a co owner position, they have all the profit for them but you are sharing profit with the other investor as well as sharing risk as well

Yeah you're right man ,its just a share of your investment to run the gambling ,futhermore ,your profit will depends on your agreement before you share or invest then , if the gambling site becomes successful you will have a profit based on your percentage and agreement with the owner. Nowadays gambling sites are good and most of the ICO of it becomes successful so its a big opportunity to be in gambling investment but not as a gambling player that will not give you a good long term profit.

shulio

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Quote from: allohha on August 09, 2017, 05:29:56 PM

Quote from: ahmia39 on August 09, 2017, 12:44:15 PM

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.....?

You might be able to try it for yourself, and then make a conclusion about gambling. I've gambling with bankroll 0.8btc and set profit target of 0.05btc/d (small instead?), 1st day til 3rd day all went well. On 4th day my emotions are unstable. I play continuously like blind pig to be 0.0btc.

Of course, if you become a co-owner of an online casino, then of course you can earn Not bad. And also you can try to invest in the project of gambling. I This way, too, will bring good profits. But just do not consider gambling as a way to earn money by using gambling.

If you invest in a gambling site, you are not really a co owner because they are only like borrowing your money and then give some portion back to you. I wont really say that it is a co owner position, they have all the profit for them but you are sharing profit with the other investor as well as sharing risk as well

Topic: Can gambling be profitable in long term ? - page 22. (Read 112258 times)