Topic: Can gambling be profitable in long term ? - page 34. (Read 112258 times)

I think not only in gambling but I think even in trading and investment we cannot give a 100% prediction. And the is only because that luck is always there in every profession, we mostly depend on our luck and no one can say any think about luck in advance. Therefore we cannot give 100% prediction. We can only speculate and forecast, in gambling no one know in advance that either in long run we can make money or not.

If you worry about the investment amount on gambling, you have move backward once you see the continuous loose in gambling whether it is casino or betting. In these both option you need to be little aware of the loosing money and need to overcome the failure.

Correct, it is impossible to predict whether our luck will continue or it will run out, in fact that is one of the principles of our universe, there is randomness that we cannot predict, if we could I would have unveiled the principles of the universe long time ago.

Bankroll management is important in every sphere of life and not only gambling. If you cannot control your expense then you are already a beggar. In gambling one must have some idea about the house edge if they are playing EV- games. Then control the bankroll usage accordingly. If you go in YOLO and  bet maxed then its only a click away from a death trap. The idea behind the bet max button is to make the owners rich and not you - in most cases.

Of course gambling can be profitable long term. But key word here is "profitable" and there is a difference in getting rich being profitable. Someone betting $1.00 a game at 5% ROI is never going to get rich but gambling for him is indeed profitable. Someone betting $100,000 a game at -5% ROI is never going to be profitable long term but he can get rich in the short term. What makes gambling for a living so difficult these days is that there really aren't many secrets. Take the markets with the highest limits, say NFL or the top soccer leagues like EPL or La Liga. The sharpest, best gamblers in the world aren't going to do more than 5% hold. It's just not feasible in this modern age where any valuable piece of information is likely already known by somebody somewhere. So this in essence brings up a catch-22 for gamblers who start out with some arbitrary small amount of money. Even something like $10,000. Do you consistently bet 2% of your BR every bet or do you take chances and bet 50%, 60%, even 100% of BR? If you are profitable, betting 2% at a time will guarantee that you will not go broke but at the same time you will never hit it "big". Conversely, betting recklessly increases your risk of ruin but at the same time gives you the best chance of becoming rich and able to gamble for a living.

Bankroll management is important in any game of chance, but in skill based games you need more than that, you need skill, you need to be good at the game you are playing or you are not going to be able to win at all in games like poker and sports betting.

Making a profit in gambling is depend on our luck this is 100% true. We have skill games in gambling, but those games also depend on our luck. Some time our guessing will be correct, but the game result will decide based on the weather report(if rain comes and stops play) or any match fixing happens. What ever luck you have you can not make a profit in the long term. 

actually gambling is a game of luck and specially in casino gambling we totally depending on our luck. therefore chances of making money in gambling are low as compare to trading and investment. in fact in trading and investment we not only depend on our luck but our experience and skill also help us in trading and investment, while in most of the gambling games we depend on our luck.

Very few makes a winning with casinos and that too won't happen regularly. In reality the winning chances on gambling is quite low compared to loss. So gambling will be profitable in long term with the user who is lucky. This can be a sports betting or else the other form of gambling.

You see most gamblers who end up winning jackpots are all ready addicted to the gambling games. Either they will still gamble with that won money and end up losing that as well hoping for more jackpots which is rare Or they will waste it on some other game because they are too ecstatic because of their win. The casino owners dont like it when someone wins a casino that is why they send provocative messages to them hoping to make them greedy to gamble with that won amount again so as to make them lose.

I guess not all the time that casinos always wins in a long run because there are gambler that wins and hit a jackpot so that gambler wins and not the casinos.

If you are talking about skill based gambling then that would probably be profitable in the long term but there is still a great chance any good sports book gambler can lose in sports gambling. Since it is still gambling, there are factors they cannot account for and that they could not predict. If it stacks up and in a straight sequence then they would likely lose their bankroll.

Maybe but it depends on the people and where they gamble. If they are good sports analyst or have a good skills in predicting you or they will earn a lot in sports betting. For me sports gambling is the easiest way to earn. Combination of luck and analytical skills will surely give you an advantage over it unless the team you were betting is playing bad in their game. Always gamble money that you can afford to lose so you won't end up crying when you lose it all.

Actually, you cannot make a 100% sure prediction that the lucky streak will continue or the losing streak will stop.Of course, there is a reason behind this uncertainty. Even if he/she has a wiseness strategy,gambling will not be a long term profit.

How can my mentality and luck collide,it all depends upon how good your seed are at that moment when it comes to dice ,will dice be profitable in the long run,i highly doubt,it all depends upon how lucky you are on a particular day having a good seed but if you are going with skill based gambling then there is a chance to be profitable in the long term.

I agree with what you said.  In  skill based games, all we need is a bankroll management so that we can have control in our bets.  We can sync our bet on how good our cards are and win big from it and we can limit our bet if we do not have a good cards in hand.  With what you said, it is possible to earn money from gambling in the long run.  I have tried it and it is working fine for me.

I agree with all your inputs except that everything is 100% luck. With games like slot, it can be said to be entirely based on luck, because nothing any player does brings him any advantage, but with certain games - dice inclusive, if truly provably fair, it is possible to create some advantage and that is not the same thing as trying to beat the house.

i just want to say '' when you know to stop , when you know to cashout your profit '' this is the reall gambler for me
trust me gambling its all about your mentality and 100% luck.

Wrong, you could make that if you are lucky in a single night or if you are very good at a game of skill like poker, but to think you can win long term in a game that only depends on luck is not going to happen, since no one is that lucky, eventually your luck is going to run out and you are going to lose everything.

Gambling cannot be profitable in a longterm especially if you are a player because no player have become rich because of playing gambling and that's really true. Only dealers and the owner of the casino are the one who become rich in gambling and only them can earn more profit than gamblers.