Can gambling be profitable in long term ? - page 37.

Mike Mayor

hero member

Activity: 966

Merit: 535

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

True . Though you see.... Let me give you a different view point. What about the person who won a jackpot that changed their life ? If they had never taken a chance they never would have win. Someone will win that is a fact. You have to be incredibly lucky but for the person who wins I'm sure they don't regret it.

On the other hand you can chase trying to win all your life and never get it and if you do you would have spent more then you have won. It isn't unheard of for a first time gambler to win. It happens.

shulio

legendary

Activity: 1540

Merit: 1016

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

Mike Mayor

hero member

Activity: 966

Merit: 535

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.

mrcash02

hero member

Activity: 1190

Merit: 525

CryptoTalk.Org - Get Paid for every Post!

Quote from: marlboroza on July 09, 2017, 10:30:00 AM

Quote from: Bionicgalaxy on July 09, 2017, 03:03:36 AM

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.....?

In my own opinion gambling cannot be profitable in a long term because even you win a high proce of money you still lose and only the owner of a casino or a gambling sites can be rich in gambling. There are no players in gambling who get rich in gambling.

Sure there are.
Not everyone lose money in long run, some players are very lucky and actually made little fortune from gambling.
It's just 99.99% people is not lucky to win in long run and it is really slim chance to be in that lucky circle.

That is how the gambling games work... But all the gamblers could be smart and try enjoying giveaways and special offers that casinos do sometimes. They can earn nice gifts and some boosts for their game, preventing themselves to lose money from their own pocket.

The negative point is that these offers aren't available all the time, and if they choose to play only this way they will rarely gamble...

South Park

hero member

Activity: 2884

Merit: 794

I am terrible at Fantasy Football!!!

Quote from: tigershark on July 08, 2017, 04:40:28 PM

Quote from: South Park on July 08, 2017, 03:31:50 PM

Quote from: Zenithar on July 07, 2017, 06:34:31 PM

Quote from: South Park on July 07, 2017, 04:13:22 PM

Quote from: daneranon89 on July 07, 2017, 06:38:36 AM

Profitable?? Yeah...profitable for the Casino Grin

For the gamblers, it will usually brake them financially unless they are able to control their emotions and manage their money properly.

LOL, but it is obvious gambling is going to be profitable for the casinos, they are not in the business to lose money they are in the business to win a lot of money and when they combined bitcoin and casinos together and explosive combination was made, it is not a surprise that many bitcoin users have gambled with their money at least once due to the high availability of bitcoin casinos.

I think gambling are profitable but in very rare cases. while for most of the people gambling is not profitable but most of the people are in fact losing money in gambling.

There are exceptions of course, most of them unfortunately are short term, since most gambler are long term losers and they try to hide this fact by showing the profits they got that day and hiding all the losses they had the previous days in the casino.

Long term you will always lose in games of chance if you are playing in a game where the house has an edge. You could make a profit in a game where you are playing against a real opponent even if the house had a cut as long as you are playing a skill game and you are better at it than your opponent.

In a skill game sometimes that is not even enough, if you are in a table with 9 other players and 8 of them are very good and only one sucks at poker then you are not going to get any earnings, you need to change tables or you are going to lose money by the rake the house charges you.

marlboroza

legendary

Activity: 1932

Merit: 2272

Quote from: Bionicgalaxy on July 09, 2017, 03:03:36 AM

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.....?

In my own opinion gambling cannot be profitable in a long term because even you win a high proce of money you still lose and only the owner of a casino or a gambling sites can be rich in gambling. There are no players in gambling who get rich in gambling.

Sure there are.
Not everyone lose money in long run, some players are very lucky and actually made little fortune from gambling.
It's just 99.99% people is not lucky to win in long run and it is really slim chance to be in that lucky circle.

emberbekas

legendary

Activity: 1904

Merit: 1000

The possibility to get profit in the long term is exist, but the chance is too low. Only few people will get it and most of gamblers tend to get negative profit in the long term. Although professional poker players will not win forever. There's another sky above the sky!

Hhampuz

legendary

Activity: 3038

Merit: 6194

Meh.

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?

When talking about Poker specifically you have to know that the top players only play on %. They know what hands will win in what % amount of times. Therefor they can have a samplesize of 10,000 hands or so and ride it out for eventual profits. It is true that you can get 3,000 hands in a row that will lose but then you'll have 5,000 hands that will win. If you have enough money to survive the hard times you will eventually be profitable in the long term.

8Habits

sr. member

Activity: 756

Merit: 294

Quote from: Warry on July 09, 2017, 09:19:18 AM

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.....?

I don't think it is profitable for a long time as gambling profits depend on so many things such as luck, skills, experiences, etc. You can not guarentee that you can keep earning profits by gambling all the time.

When the game is based on pure luck like slot machines, there is no way to say that we can profit from playing it in the long term. However, games like poker, where the most skilled player tends to win more than he/she loses, long term playing and mastering the skill of poker can be profitable overtime.

Betwrong

legendary

Activity: 3374

Merit: 2198

I stand with Ukraine.

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?

Warry

full member

Activity: 308

Merit: 100

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.....?

I don't think it is profitable for a long time as gambling profits depend on so many things such as luck, skills, experiences, etc. You can not guarentee that you can keep earning profits by gambling all the time.

ChristianPogi

sr. member

Activity: 644

Merit: 252

I'm just a Nobody.

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.

How long do you gamble? I saw a lot of people winning in gambling in so many gambling sites. People keep losing when they have a low bank roll and they are trying to reach a large amount of profit, instead of winning they turn in to busted. That's why people keep on losing... They're trying hard to reach a large amount of winning.

Like, if you have a large bank roll you can easily gain/win at least 10% of your current bank roll.

tabas

hero member

Activity: 3024

Merit: 745

Top Crypto Casino

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.

There are people who are making money on gambling but I won't say that it's going to be a good thing for us to make gambling as a long term way of earning. If you are a bankroll investor then that's a good long term investment but bigger amount of capital will give you bigger profit, so be aware.

Kompodd

full member

Activity: 336

Merit: 100

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.

cotton ball

sr. member

Activity: 1288

Merit: 253

Quote from: shulio on July 09, 2017, 07:42:54 AM

Quote from: francedeni on July 09, 2017, 04:16:50 AM

Quote from: Bionicgalaxy on July 09, 2017, 03:03:36 AM

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.....?

In my own opinion gambling cannot be profitable in a long term because even you win a high proce of money you still lose and only the owner of a casino or a gambling sites can be rich in gambling. There are no players in gambling who get rich in gambling.

I beleive you as a gambler before I dont see it profitable in long term. I lose much bitcoin always when I play long term, the owner instead become rich. They will more likely notice your strategy, ways on playing. It always with luck in playing gambling and profitable to play in short term basis.

I lose alot of bitcoin as well and I can tell that it will never be profitable in the long term. I dont think that people should play for money because it will make them suffer. I have suffered and I dont like people to suffer as well that is why I suggest people not to play too much because it will cause addiction and make us lose money

There is no perfect calculation in the long run because gambling only needs to be focused in the short term, the way we do it is always improvising analysis and never looking back, considering it as the past will make the difference in future gambling revenue better.

shulio

legendary

Activity: 1540

Merit: 1016

Quote from: francedeni on July 09, 2017, 04:16:50 AM

Quote from: Bionicgalaxy on July 09, 2017, 03:03:36 AM

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.....?

In my own opinion gambling cannot be profitable in a long term because even you win a high proce of money you still lose and only the owner of a casino or a gambling sites can be rich in gambling. There are no players in gambling who get rich in gambling.

I beleive you as a gambler before I dont see it profitable in long term. I lose much bitcoin always when I play long term, the owner instead become rich. They will more likely notice your strategy, ways on playing. It always with luck in playing gambling and profitable to play in short term basis.

I lose alot of bitcoin as well and I can tell that it will never be profitable in the long term. I dont think that people should play for money because it will make them suffer. I have suffered and I dont like people to suffer as well that is why I suggest people not to play too much because it will cause addiction and make us lose money

TheUltraElite

legendary

Activity: 2898

Merit: 1253

So anyway, I applied as a merit source :)

Quote from: jamyr on July 08, 2017, 07:36:46 AM

Quote from: erwin45hacked on July 08, 2017, 06:55:36 AM

You might have read my post and you misunderstand me. I may have wrote this however I dont say that it is likely to win in short term. The only better chance to win is to play short term and hope that you have a 'good luck' without any luck at all then you wont win anything because gambling is pretty much as simple as that

The post I quoted above simply tells that the more you gamble, the more chances of you losing.
So really, when you win at the beginning, to keep it, you just need to stay away from gambling every now and then.

I am really good at advises, though its very hard for me to do such.

These things are relative you know. For someone who is lucky they may win big in a few bets and then stop playing. Then there are people who will keep on betting but remain unlucky forever. Every advice will not work on every person because gambling has a luck factor playing in it. Practice has nothing to do in EV- games so you cant develop a close-to-fullproof strategy for it as well. Best thing to do is to stop gambling abruptly and forget about all losses.

francedeni

full member

Activity: 560

Merit: 100

Quote from: Bionicgalaxy on July 09, 2017, 03:03:36 AM

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.....?

In my own opinion gambling cannot be profitable in a long term because even you win a high proce of money you still lose and only the owner of a casino or a gambling sites can be rich in gambling. There are no players in gambling who get rich in gambling.

I beleive you as a gambler before I dont see it profitable in long term. I lose much bitcoin always when I play long term, the owner instead become rich. They will more likely notice your strategy, ways on playing. It always with luck in playing gambling and profitable to play in short term basis.

Bionicgalaxy

sr. member

Activity: 317

Merit: 251

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.....?

In my own opinion gambling cannot be profitable in a long term because even you win a high proce of money you still lose and only the owner of a casino or a gambling sites can be rich in gambling. There are no players in gambling who get rich in gambling.

tigershark

full member

Activity: 223

Merit: 100

Quote from: South Park on July 08, 2017, 03:31:50 PM

Quote from: Zenithar on July 07, 2017, 06:34:31 PM

Quote from: South Park on July 07, 2017, 04:13:22 PM

Quote from: daneranon89 on July 07, 2017, 06:38:36 AM

Profitable?? Yeah...profitable for the Casino Grin

For the gamblers, it will usually brake them financially unless they are able to control their emotions and manage their money properly.

LOL, but it is obvious gambling is going to be profitable for the casinos, they are not in the business to lose money they are in the business to win a lot of money and when they combined bitcoin and casinos together and explosive combination was made, it is not a surprise that many bitcoin users have gambled with their money at least once due to the high availability of bitcoin casinos.

I think gambling are profitable but in very rare cases. while for most of the people gambling is not profitable but most of the people are in fact losing money in gambling.

There are exceptions of course, most of them unfortunately are short term, since most gambler are long term losers and they try to hide this fact by showing the profits they got that day and hiding all the losses they had the previous days in the casino.

Long term you will always lose in games of chance if you are playing in a game where the house has an edge. You could make a profit in a game where you are playing against a real opponent even if the house had a cut as long as you are playing a skill game and you are better at it than your opponent.

Topic: Can gambling be profitable in long term ? - page 37. (Read 112258 times)