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Topic: Can gambling be profitable in long term ? - page 25. (Read 112258 times)

hero member
Activity: 2884
Merit: 794
I am terrible at Fantasy Football!!!
Gamble can be profitable in long term if you are a smart gambler and if you know how to gamble smartly but still there will be always an risk attached with it of loosing money but there are many people who have become rich from gambling.
Unless you are talking about poker or a similar game then it is impossible to make money long term in gambling, that is a reality we must accept, those that are looking to make money in gambling will lose more money than they can afford, this is why the common recommendation in the forum is to gamble with moderation.
sr. member
Activity: 756
Merit: 294
If someone which follows the set of rules and be discipline enoff. Can people make 50-100 $ a day just gambling in online casino.....?
I don't think so, unlike trading, gambling is basically based on "luck" or some kind of things we call "probably fair". We are not controlling them, we don't know if someone is controlling them so that we can not make sure we can earn profit everytime we gamble, can't make it profitable for long term.

No one control it because it is random. It is just people like me that is unlucky that is why I cant win. Sometimes I hope that I win but I cant win that is why now I only play for fun. When I play for fun, I only want to have fun and I dont care if I win or lose that is why this is the best way for meto keep playing even if it is not profitable

In games that are based on pure luck, everything is at random. No matter, how experienced you are at playing these games, there is really no guarantee that you are going to win. Unless the game needs some sort of skills like poker games.
legendary
Activity: 2898
Merit: 1253
So anyway, I applied as a merit source :)
Seems very difficult to rely on gambling to make a profit much less for long term. Because in gambling, emotions play a huge role.
yeah we mostly used our emotions rather than common sense , cool head and reasonable options. gambling always leading people to make mistakes and ended up with bad things , noone could completely handle it smoothly . and make gambling profitable in the long run itself are not something that easy to realized , it's insanely difficult.
Correct, most people lose control of their actions when they are having fun and sometimes do something that they will not do under normal circumstances that is why it does not matter if you have a plan for the nigh,t once you start to get your fun, it is very difficult to resist the temptation of gambling.

I agree and the fact that people lose their control over emotions is what the casino owners want the players to do. When this happens they tend to make mistakes and then they take wrong decisions. That is the time they fail to stop gambling because they have to win back their losses and so they keep on playing which is bad for their balances.
hero member
Activity: 854
Merit: 500
Stake & Vote or Become a IoTeX Delegate!
If someone which follows the set of rules and be discipline enoff. Can people make 50-100 $ a day just gambling in online casino.....?
I don't think so, unlike trading, gambling is basically based on "luck" or some kind of things we call "probably fair". We are not controlling them, we don't know if someone is controlling them so that we can not make sure we can earn profit everytime we gamble, can't make it profitable for long term.
It is not controlled by a people as far as i know it is systematize or the system on every gambling makes it go round and people monitors it. So its too possible to earn a profit in the long term .So its better to do trading than to expect in gambling.
legendary
Activity: 1540
Merit: 1016
If someone which follows the set of rules and be discipline enoff. Can people make 50-100 $ a day just gambling in online casino.....?
I don't think so, unlike trading, gambling is basically based on "luck" or some kind of things we call "probably fair". We are not controlling them, we don't know if someone is controlling them so that we can not make sure we can earn profit everytime we gamble, can't make it profitable for long term.

No one control it because it is random. It is just people like me that is unlucky that is why I cant win. Sometimes I hope that I win but I cant win that is why now I only play for fun. When I play for fun, I only want to have fun and I dont care if I win or lose that is why this is the best way for meto keep playing even if it is not profitable
sr. member
Activity: 288
Merit: 250
If someone which follows the set of rules and be discipline enoff. Can people make 50-100 $ a day just gambling in online casino.....?
I don't think so, unlike trading, gambling is basically based on "luck" or some kind of things we call "probably fair". We are not controlling them, we don't know if someone is controlling them so that we can not make sure we can earn profit everytime we gamble, can't make it profitable for long term.
hero member
Activity: 3024
Merit: 680
★Bitvest.io★ Play Plinko or Invest!
Gambling is sometimes about being lucky and other times by understanding how the games work to find out the right techniques to try to win great amounts. It can be if you know what you are risking, and play wisely.

Playing wisely is going to make gambling profitable in the long term. It's like on how you can predict and play for yourself. As not all the time it can be a good way to make money with gambling. But if you can feel that you have the guts to make money this is going to be a very competitive way of making a good long term goal.
full member
Activity: 318
Merit: 108
Certain markets within sports betting can be profitable long term however a very low percentage of people are consistently profitable. I read in the past that the actual percentages are as low as 2%.
sr. member
Activity: 476
Merit: 250
Gambling is sometimes about being lucky and other times by understanding how the games work to find out the right techniques to try to win great amounts. It can be if you know what you are risking, and play wisely.
legendary
Activity: 2646
Merit: 1106
DGbet.fun - Crypto Sportsbook
Gambling be profitable in long term, but this happens in a way that user gains knowledge about the winning techniques. But people think in a different way, just staying long in gambling will provide profitability. So the knowledge one learns long term will help gain a profit with accordance to luck.
legendary
Activity: 2674
Merit: 1048
Till now I never find any gambling is for long term investment. Gambling is the short term one where we may lose or gain and sometimes it will happen in minutes. Gambling completely based on luck and once you keep track of your betting you might get some experience on gambling for taking further steps of gambling.
Yes i agree with you. Investing in gambling games is not a long-term investment. Because gambling is very influential on luck, so we will not be able to see how we can benefit. Gambling is the type of game that suddenly.
short term at first but then become long term purpose because of its addiction , not surprising. if you can do gamble for once , win and leave it everytime then i will surprised and a little bit not believe as it is rare happened to a common people .

people should really know about the risk of gambling , the odds will always against players and it is an advantage for the real money makes ( casino owner )
legendary
Activity: 2898
Merit: 1253
So anyway, I applied as a merit source :)
Gambling cannt be relied on as a source of income for us to have continuous advantage over the long term. Gambling always associated with gambling emotions, while everyone's emotions not always stable everyday.

This is true and this is what the gambling industry harvests in. They like to stimulate people's greed and ego. Once a person become greedy they will only think of winning more and more and forget that the house edge can wipe away their balance. Then if the person become egoistic they wont stop gambling unless they win. Also jealousy of the players who big makes a person play more
hero member
Activity: 2884
Merit: 794
I am terrible at Fantasy Football!!!
Gamble can be profitable in long term if you are a smart gambler and if you know how to gamble smartly but still there will be always an risk attached with it of loosing money but there are many people who have become rich from gambling.

If you are a smart gambler you should know that gambling won't in any way be profitable especially for long term. You should realize that gambling isn't really meant for profit or earning money but to pass time even before in the old times. There may be some exceptions like professional poker players and tipsters but we'll be talking a very few people then

I think smarter people take advantage of noob people that think gambling is the way to get rich.  This casino owner can say that gambling is profitable in long term, but players will said otherwise and those who never tried to gamble will make a strong statement that gambling is not profitable in the long term, but how they would know they have not tried it anyway  Grin.
You can know the result of something without even trying, you only need to calculate the odds of something happening in the game and you will know that every outcome benefits the house that way you know that gambling is a losing proposition from the point of view of profits.
sr. member
Activity: 630
Merit: 250
Gambling cannt be relied on as a source of income for us to have continuous advantage over the long term. Gambling always associated with gambling emotions, while everyone's emotions not always stable everyday.
sr. member
Activity: 476
Merit: 259
Till now I never find any gambling is for long term investment. Gambling is the short term one where we may lose or gain and sometimes it will happen in minutes. Gambling completely based on luck and once you keep track of your betting you might get some experience on gambling for taking further steps of gambling.
Yes i agree with you. Investing in gambling games is not a long-term investment. Because gambling is very influential on luck, so we will not be able to see how we can benefit. Gambling is the type of game that suddenly.

Gambling depends on luck and all EV- games depend only on luck. There are EV+ games like poker and PvP games where skills become necessary too. One can try those if they are willing to make some profit from gambling. However in the long run I think gambling only leads to more losses so there are other methods to earn money if you are desperate to do so and stick to those if possible.

I agree, the only way of making money of gambling is running a  gambling website, where you take a cut from those who bets at your site.

The only one who makes money of gambling is the gambling site owner/ casino owner, and we should always remember it so we will avoid losing  funds and we will avoid having a feeling that gambling could be a "job".
legendary
Activity: 2898
Merit: 1253
So anyway, I applied as a merit source :)
Till now I never find any gambling is for long term investment. Gambling is the short term one where we may lose or gain and sometimes it will happen in minutes. Gambling completely based on luck and once you keep track of your betting you might get some experience on gambling for taking further steps of gambling.
Yes i agree with you. Investing in gambling games is not a long-term investment. Because gambling is very influential on luck, so we will not be able to see how we can benefit. Gambling is the type of game that suddenly.

Gambling depends on luck and all EV- games depend only on luck. There are EV+ games like poker and PvP games where skills become necessary too. One can try those if they are willing to make some profit from gambling. However in the long run I think gambling only leads to more losses so there are other methods to earn money if you are desperate to do so and stick to those if possible.
legendary
Activity: 1596
Merit: 1011
Till now I never find any gambling is for long term investment. Gambling is the short term one where we may lose or gain and sometimes it will happen in minutes. Gambling completely based on luck and once you keep track of your betting you might get some experience on gambling for taking further steps of gambling.
Yes i agree with you. Investing in gambling games is not a long-term investment. Because gambling is very influential on luck, so we will not be able to see how we can benefit. Gambling is the type of game that suddenly.
full member
Activity: 1134
Merit: 102
Till now I never find any gambling is for long term investment. Gambling is the short term one where we may lose or gain and sometimes it will happen in minutes. Gambling completely based on luck and once you keep track of your betting you might get some experience on gambling for taking further steps of gambling.
legendary
Activity: 3248
Merit: 1160
Playbet.io - Crypto Casino and Sportsbook
Gamble can be profitable in long term if you are a smart gambler and if you know how to gamble smartly but still there will be always an risk attached with it of loosing money but there are many people who have become rich from gambling.

If you are really knowing such smart moves why not try them out and show us the results instead of bragging about it? We all know that gambling is not profitable for the players but for the casino owners and the investors. There are people who are rich by gambling - but is that the reality? Is that all they have won? I think they have lost more than they have won and maybe they are still in a debt - but they wont reveal it because they like to boast and show off their "fake" skills.
Not profitable for the majority of people but it is possible for some who has the skills.
Well, in overall we can already proved that casinos are profitable because they continue to run their business and they
are growing. All we have to do in casinos if you are just a typical gambler is just to enjoy it.
legendary
Activity: 2898
Merit: 1253
So anyway, I applied as a merit source :)
Gamble can be profitable in long term if you are a smart gambler and if you know how to gamble smartly but still there will be always an risk attached with it of loosing money but there are many people who have become rich from gambling.

If you are really knowing such smart moves why not try them out and show us the results instead of bragging about it? We all know that gambling is not profitable for the players but for the casino owners and the investors. There are people who are rich by gambling - but is that the reality? Is that all they have won? I think they have lost more than they have won and maybe they are still in a debt - but they wont reveal it because they like to boast and show off their "fake" skills.
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