Can gambling be profitable in long term ? - page 36.

Luno

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Quote from: Rajamuda on July 11, 2017, 11:33:25 PM

Depends on luck I think, if luck always accompanies in every time we gamble, in a long term too will not loss and will continue to generate profits. If we often experience defeat i think to play long term will not generate profits and will be very harmful. Luck and skills are very influential on the profits in gambling not about time only on it.

But its not possible to keep on making profits in each and every game and most of the times only house will win so I don't that either in short term or in long term gambling can ever be profitable and it will only take away your money.

Rajamuda

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Depends on luck I think, if luck always accompanies in every time we gamble, in a long term too will not loss and will continue to generate profits. If we often experience defeat i think to play long term will not generate profits and will be very harmful. Luck and skills are very influential on the profits in gambling not about time only on it.

jamyr

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Quote from: meebs on July 11, 2017, 08:49:38 PM

Gambling can never be profitable in long term as if you continue to gamble with your winnings then in the end only house will win and you will be left with nothing in your hands so its good to stop when you win and take away all your profits and invest that money in some productive projects which can yield some profits for you.

Depends on which way you're gambling.
Dice and Slot or any Luck-based game may not be profitable longterm.

But there are also skill-based gambling like Poker wherein longterm profitability is possible.

Ronaldcoin2017

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I think it is not about the time you spend on gambling can make you profitable.i believe that it is in youre self determine..if you are lucky in it so be it.but if you have a bad luck b.then you can stop it.everything is under the term of youre distiny in doing gambling.

meebs

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Gambling can never be profitable in long term as if you continue to gamble with your winnings then in the end only house will win and you will be left with nothing in your hands so its good to stop when you win and take away all your profits and invest that money in some productive projects which can yield some profits for you.

South Park

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I am terrible at Fantasy Football!!!

Quote from: shulio on July 09, 2017, 02:10:09 PM

Quote from: Mike Mayor on July 09, 2017, 12:51:42 PM

No it can't. It was not designed that way. Had it been then casinos everywhere would shut down. Infact they wouldn't be around to begin with. They will have all lost their money to long term gamblers. It just wouldn't make sense if gambling were profitable in the long run. You wouldn't have anywhere to gamble had that been the truth.

It is not designed that way because gambling should make the owner rich not the player rich. However player will keep on coming even when they know that they will lose because they are having fun there. Alot of player will want to make profit but there will be always some people like me that come back to have fun

I think you are overestimating some people in your post, most people here know that you have lower chances than the house to win, but for the average person gambling is a way to try to multiply their earnings, if you were to explain why that is not possible they are not going to listen to you.

TheUltraElite

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So anyway, I applied as a merit source :)

Quote from: stadus on July 10, 2017, 10:42:40 PM

Quote from: 8Habits on July 10, 2017, 08:12:40 PM

Quote from: Zenithar on July 10, 2017, 07:48:47 PM

Quote from: 8Habits on July 10, 2017, 07:29:29 PM

Quote from: TheUltraElite on July 10, 2017, 04:48:50 AM

Quote from: Kompodd on July 09, 2017, 07:58:38 AM

I did not see such people who constantly make money on gambling, but I've seen those who constantly lose money in gambling. Thus, this can not be a means of constant earning.

It never ensures constant money making. If that was the case then everyone would have joined a casino just to earn their daily bread and not work hard or develop skills to earn money. There are some pro players but I doubt that it can be their mainstay of gambling unless they are scamming every other player. Then there are honest pro players as well. But then I really doubt their honesty very much.

you have a good reasoning that if gambling is profitable in the long run, everyone should be on casinos right now. And if that is the case, all of the casinos are losing business because when players are profiting, of course, they will get their profit from these casinos.

in fact it is depending on the interest of the people, some people shows interest in trading and they are in fact earning a good profit from there. while other people are earning money from investment, similarly there are a lot of opportunities in gambling to make money, but in gambling along with your previous experience and good. i think the most important factor in gambling is your luck if you are luck you can certainly make good profit from gambling.

We should only do gamble for entertainment and not for profit because the latter will give us more anxiety and stress. Fact is, online casinos are built in to profit from our gambling sessions and loses - in other words, we have less chance and luck to win over casinos because they have this so called house edge advantage.

That is already a gamblers decision, even if we gamble for profit but we have the discipline we will not gonna face a bigger
problem in the future. We need to think mature and consider all the risk to be able to manage it, we know gambling is risky therefore we have
to be very careful and not to spend our hard earned money allocated for something else or more important things.

If one does not exercise discipline when gambling they are not being responsible and as we are solely responsible for our own decisions, it may lead to a wrong decision while under control of our ego or greed. In the long term gambling is only profitable to the casino for all EV- games. In EV+ games one can get an edge in some games and not all hence that too is not profitable in the long run. The best thing is to gamble within limits and be under mental control at all times.

arseaboy

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Quote from: Reid on July 11, 2017, 12:18:26 AM

Quote from: MMA on July 09, 2017, 05:12:20 PM

Quote from: Mike Mayor on July 09, 2017, 12:51:42 PM

No it can't. It was not designed that way. Had it been then casinos everywhere would shut down. Infact they wouldn't be around to begin with. They will have all lost their money to long term gamblers. It just wouldn't make sense if gambling were profitable in the long run. You wouldn't have anywhere to gamble had that been the truth.

but i think it is different from person to person, as here in my area there are some people whose income is only from gambling, they are even supporting their families with the income that come from gambling. therefore gambling can also be profitable in long term but not for everyone. in fact those peole who have good luck can make a lot of money from bitcoin. becasue for most of the gmabling games we are depending on our luck. so if we are lucky we will surely make money in gambling.

Surely that is not just luck based if they have been doing it for a long time. What game are they playing?
I have a guess that it will be poker.
Poker needs some skill and you wont get to the final 2 without having it.
Luck is just an addition to this game. Even with bad pair of cards you could somehow take over the table and win it.
Somehow there are people who spend their life on knowing how the game circulate.

Yes it really depends on what gambling game are they playing.. another example is sports betting whereas you need to analyze both matching teams and predict who will win the game. Yes luck is an addition where if sometimes strong team get lose to their opponent because of luck. But if you're careful to bet maybe it will ne profitable in the long run.

Reid

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Quote from: MMA on July 09, 2017, 05:12:20 PM

Quote from: Mike Mayor on July 09, 2017, 12:51:42 PM

No it can't. It was not designed that way. Had it been then casinos everywhere would shut down. Infact they wouldn't be around to begin with. They will have all lost their money to long term gamblers. It just wouldn't make sense if gambling were profitable in the long run. You wouldn't have anywhere to gamble had that been the truth.

but i think it is different from person to person, as here in my area there are some people whose income is only from gambling, they are even supporting their families with the income that come from gambling. therefore gambling can also be profitable in long term but not for everyone. in fact those peole who have good luck can make a lot of money from bitcoin. becasue for most of the gmabling games we are depending on our luck. so if we are lucky we will surely make money in gambling.

Surely that is not just luck based if they have been doing it for a long time. What game are they playing?
I have a guess that it will be poker.
Poker needs some skill and you wont get to the final 2 without having it.
Luck is just an addition to this game. Even with bad pair of cards you could somehow take over the table and win it.
Somehow there are people who spend their life on knowing how the game circulate.

CasinoLeisure.com

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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.....?

Maybe not online casinos. But there are some people who do earn money consistently in gambling. Those that come to mind are the poker players and some players who specialize in comps/bonuses and other forms of games. But it's not the norm.

stadus

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Hhampuz for Campaign management

Quote from: 8Habits on July 10, 2017, 08:12:40 PM

Quote from: Zenithar on July 10, 2017, 07:48:47 PM

Quote from: 8Habits on July 10, 2017, 07:29:29 PM

Quote from: TheUltraElite on July 10, 2017, 04:48:50 AM

Quote from: Kompodd on July 09, 2017, 07:58:38 AM

I did not see such people who constantly make money on gambling, but I've seen those who constantly lose money in gambling. Thus, this can not be a means of constant earning.

It never ensures constant money making. If that was the case then everyone would have joined a casino just to earn their daily bread and not work hard or develop skills to earn money. There are some pro players but I doubt that it can be their mainstay of gambling unless they are scamming every other player. Then there are honest pro players as well. But then I really doubt their honesty very much.

you have a good reasoning that if gambling is profitable in the long run, everyone should be on casinos right now. And if that is the case, all of the casinos are losing business because when players are profiting, of course, they will get their profit from these casinos.

in fact it is depending on the interest of the people, some people shows interest in trading and they are in fact earning a good profit from there. while other people are earning money from investment, similarly there are a lot of opportunities in gambling to make money, but in gambling along with your previous experience and good. i think the most important factor in gambling is your luck if you are luck you can certainly make good profit from gambling.

We should only do gamble for entertainment and not for profit because the latter will give us more anxiety and stress. Fact is, online casinos are built in to profit from our gambling sessions and loses - in other words, we have less chance and luck to win over casinos because they have this so called house edge advantage.

That is already a gamblers decision, even if we gamble for profit but we have the discipline we will not gonna face a bigger
problem in the future. We need to think mature and consider all the risk to be able to manage it, we know gambling is risky therefore we have
to be very careful and not to spend our hard earned money allocated for something else or more important things.

8Habits

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Quote from: Zenithar on July 10, 2017, 07:48:47 PM

Quote from: 8Habits on July 10, 2017, 07:29:29 PM

Quote from: TheUltraElite on July 10, 2017, 04:48:50 AM

Quote from: Kompodd on July 09, 2017, 07:58:38 AM

I did not see such people who constantly make money on gambling, but I've seen those who constantly lose money in gambling. Thus, this can not be a means of constant earning.

It never ensures constant money making. If that was the case then everyone would have joined a casino just to earn their daily bread and not work hard or develop skills to earn money. There are some pro players but I doubt that it can be their mainstay of gambling unless they are scamming every other player. Then there are honest pro players as well. But then I really doubt their honesty very much.

you have a good reasoning that if gambling is profitable in the long run, everyone should be on casinos right now. And if that is the case, all of the casinos are losing business because when players are profiting, of course, they will get their profit from these casinos.

in fact it is depending on the interest of the people, some people shows interest in trading and they are in fact earning a good profit from there. while other people are earning money from investment, similarly there are a lot of opportunities in gambling to make money, but in gambling along with your previous experience and good. i think the most important factor in gambling is your luck if you are luck you can certainly make good profit from gambling.

We should only do gamble for entertainment and not for profit because the latter will give us more anxiety and stress. Fact is, online casinos are built in to profit from our gambling sessions and loses - in other words, we have less chance and luck to win over casinos because they have this so called house edge advantage.

Zenithar

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Quote from: 8Habits on July 10, 2017, 07:29:29 PM

Quote from: TheUltraElite on July 10, 2017, 04:48:50 AM

Quote from: Kompodd on July 09, 2017, 07:58:38 AM

I did not see such people who constantly make money on gambling, but I've seen those who constantly lose money in gambling. Thus, this can not be a means of constant earning.

It never ensures constant money making. If that was the case then everyone would have joined a casino just to earn their daily bread and not work hard or develop skills to earn money. There are some pro players but I doubt that it can be their mainstay of gambling unless they are scamming every other player. Then there are honest pro players as well. But then I really doubt their honesty very much.

you have a good reasoning that if gambling is profitable in the long run, everyone should be on casinos right now. And if that is the case, all of the casinos are losing business because when players are profiting, of course, they will get their profit from these casinos.

in fact it is depending on the interest of the people, some people shows interest in trading and they are in fact earning a good profit from there. while other people are earning money from investment, similarly there are a lot of opportunities in gambling to make money, but in gambling along with your previous experience and good. i think the most important factor in gambling is your luck if you are luck you can certainly make good profit from gambling.

8Habits

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Quote from: TheUltraElite on July 10, 2017, 04:48:50 AM

Quote from: Kompodd on July 09, 2017, 07:58:38 AM

I did not see such people who constantly make money on gambling, but I've seen those who constantly lose money in gambling. Thus, this can not be a means of constant earning.

It never ensures constant money making. If that was the case then everyone would have joined a casino just to earn their daily bread and not work hard or develop skills to earn money. There are some pro players but I doubt that it can be their mainstay of gambling unless they are scamming every other player. Then there are honest pro players as well. But then I really doubt their honesty very much.

you have a good reasoning that if gambling is profitable in the long run, everyone should be on casinos right now. And if that is the case, all of the casinos are losing business because when players are profiting, of course, they will get their profit from these casinos.

TheUltraElite

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So anyway, I applied as a merit source :)

Quote from: Kompodd on July 09, 2017, 07:58:38 AM

I did not see such people who constantly make money on gambling, but I've seen those who constantly lose money in gambling. Thus, this can not be a means of constant earning.

It never ensures constant money making. If that was the case then everyone would have joined a casino just to earn their daily bread and not work hard or develop skills to earn money. There are some pro players but I doubt that it can be their mainstay of gambling unless they are scamming every other player. Then there are honest pro players as well. But then I really doubt their honesty very much.

8Habits

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Quote from: jerowacik on July 09, 2017, 05:56:02 PM

Gambling can not make us earn a lot of money. I do not believe that gambling can be a profitable investment for a long time. Gambling is just looking in terms of luck so I'm not sure everyone can get luck all the time.

If we are the casino owner or investor, then gambling can be very profitable for a long term. However, there is no guarantee to earn the same thing when you are just a player or a gambler because the casino owners and investors have a house advantage.

jerowacik

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Gambling can not make us earn a lot of money. I do not believe that gambling can be a profitable investment for a long time. Gambling is just looking in terms of luck so I'm not sure everyone can get luck all the time.

Janation

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Quote from: MMA on July 09, 2017, 05:12:20 PM

Quote from: Mike Mayor on July 09, 2017, 12:51:42 PM

No it can't. It was not designed that way. Had it been then casinos everywhere would shut down. Infact they wouldn't be around to begin with. They will have all lost their money to long term gamblers. It just wouldn't make sense if gambling were profitable in the long run. You wouldn't have anywhere to gamble had that been the truth.

but i think it is different from person to person, as here in my area there are some people whose income is only from gambling, they are even supporting their families with the income that come from gambling. therefore gambling can also be profitable in long term but not for everyone.

That is right, every people has it own limit of luck and it varies in time.
People who frequently won their gambling activities I think is really making a good job keeping their luck in. It is really hard to maintain your winning streak in a gambling especially the luck based game. I think they can keep it in a gambling like Sports betting where it is easy to predict the results.

MMA

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Quote from: Mike Mayor on July 09, 2017, 12:51:42 PM

No it can't. It was not designed that way. Had it been then casinos everywhere would shut down. Infact they wouldn't be around to begin with. They will have all lost their money to long term gamblers. It just wouldn't make sense if gambling were profitable in the long run. You wouldn't have anywhere to gamble had that been the truth.

but i think it is different from person to person, as here in my area there are some people whose income is only from gambling, they are even supporting their families with the income that come from gambling. therefore gambling can also be profitable in long term but not for everyone. in fact those peole who have good luck can make a lot of money from bitcoin. becasue for most of the gmabling games we are depending on our luck. so if we are lucky we will surely make money in gambling.

EdenHazard

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Quote from: Betwrong on July 09, 2017, 09:37:40 AM

Quote from: ?? on ??

Quote from: Kompodd on July 09, 2017, 07:58:38 AM

I did not see such people who constantly make money on gambling, but I've seen those who constantly lose money in gambling. Thus, this can not be a means of constant earning.

If you take a look at poker pros you will see such people. There are also some people who permanently make money with sports betting or arbitrage betting. But if you play luck games with a house edge you can of course not gamble profitable longterm!

Even very good poker players lose a lot sometimes, but I agree that there are exceptions. I personally don't know gamblers who make money with it regularly, but we can see some of them on youtube for example. But really, who knows for sure whether those shows are real or staged?

people will only show you publicly a good things only , they will never show how bad you are losing a lot of money. but only on how you have made quite huge amount just by gambling , and it could leading people to motivated to keep trying gambling.

even in the end actually you lost it all back, who knows right? as people show the good things only!

Topic: Can gambling be profitable in long term ? - page 36. (Read 112258 times)