Can gambling be profitable in long term ? - page 38.

South Park

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I am terrible at Fantasy Football!!!

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 gamblers 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.

grim007

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Quote from: shine1123 on July 08, 2017, 08:19:13 AM

Quote from: ChristianPogi on July 07, 2017, 08:52:24 PM

Yes it is possible if you have a large bank roll and your profit goal is only 1% - 5% of your current bank roll.

Let say if you have 10 btc and your target per day to prevent loses is 1% only of your current bank roll.

10 btc * 1% = 0.1 BTC per day

that's not to much but you can easily gain that 0.1 btc in a super low risk.
In just 1 month you can gained 3 btc Cheesy

(if you're continious winning)

Don't forget that Greediness is a BITCH!

Happy rolling!

Yeah, the problem is it's really hard to control our greed on gambling. Actually it's really good on theory, but in real one i'm not sure we can stick on that strategy everyday. I mean, i'm sure someday you can get tilted and will become greedy or even rage bet. Bankroll management is really the solution for long term profit.

Most of them we wanted to play following our rules and limits yet we doesnt know when will it be applicable since we can't determine whether were going to win or not unless we played then whole playing we often forgot that we set limits and being greedy took place so making money in gambling in long term will not be possible unless we really follow our set of limits but it will wutely took a lot of time.

shine1123

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Quote from: ChristianPogi on July 07, 2017, 08:52:24 PM

Yes it is possible if you have a large bank roll and your profit goal is only 1% - 5% of your current bank roll.

Let say if you have 10 btc and your target per day to prevent loses is 1% only of your current bank roll.

10 btc * 1% = 0.1 BTC per day

that's not to much but you can easily gain that 0.1 btc in a super low risk.
In just 1 month you can gained 3 btc Cheesy

(if you're continious winning)

Don't forget that Greediness is a BITCH!

Happy rolling!

Yeah, the problem is it's really hard to control our greed on gambling. Actually it's really good on theory, but in real one i'm not sure we can stick on that strategy everyday. I mean, i'm sure someday you can get tilted and will become greedy or even rage bet. Bankroll management is really the solution for long term profit.

jamyr

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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.

erwin45hacked

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Quote from: lmzxu on July 08, 2017, 05:31:21 AM

Unlikely IMO, Gambling might be profitable on short term on 4-5 dice rolls or the like, but on long term it's not like that, since the negative odds of winning known as the casino house edge accumulate, giving a user a negative profit over the long term.

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

lmzxu

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Unlikely IMO, Gambling might be profitable on short term on 4-5 dice rolls or the like, but on long term it's not like that, since the negative odds of winning known as the casino house edge accumulate, giving a user a negative profit over the long term.

TheUltraElite

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So anyway, I applied as a merit source :)

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.

You are fully correct, but the thing is that the casino advertisements are put up in a such a manner that it seems that one can easily win a big jackpot in minutes. This makes many people fall prey of their hidden greed and thus they start playing. Again there are many people play for fun as well. So for them winning is not a very important thing but having fun is more important. Hence do gambling for fun and not for becoming a millionaire.

erwin45hacked

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Quote from: Kasabus on July 08, 2017, 12:38:51 AM

Everyone has a chance to be successful in the long run but we cannot discount the fact that most gamblers loses in the long run, you choose
your destiny and the way you play it will dictate your outcome. Anyway, we have ensure we are matured enough and we understand the risk in
gambling so we can limit loses in case we do not succeed with our long term goal.

Everyone has the chance in the long run? you shouldnt make a stupid jokes like that when you know that theoretically no one can win in the long run. Your best shot is to play it casually by trying to win in the short run , hope that you are lucky and you win. Thats the only thing that you should remember when you gamble

anami57

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Its very possible gambling profitable for long term if we dont have emotions. Without emotion isnt human. Or maybe by using percentage ratio, for example when it has reached 5% of our balance out of the game. And can continue tomorrow again, maybe so for the long term. And that is only 'maybe'.

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Quote from: Japinat on July 07, 2017, 11:59:41 PM

Quote from: Krillin61 on July 07, 2017, 11:10:56 PM

Quote from: crwth on July 07, 2017, 08:53:40 PM

Quote from: d0flaming0 on July 07, 2017, 08:03:07 AM

nah i dont think so, if only when you can predict when or what day you are gonna be lucky on gambling then that will be the time you will play on your lucky day, but it is very impossible. Its only pure luck my friend, you could also play as much as possible as long as you wont get addicted or it will not be a hindrance to you.

I think you could apply strategies in order to become better and increase the chances of winning on gambling. Luck is really something of a big factor that could really make a difference but well, you cannot control luck. I think it chooses you.

I don't think luck is the real big factors. I think skills/strategies are really matter in gambling since in the first place if you're skilled, you won't place a bet that you know you're more likely to lose. Strategic gambler plays small amount/bet and they aim to get huge profit which most like happens.

If you are a real gambler who aim for profit you will not think so much of luck because you know you need to consistent win in order to be profitable in the long run. Consistency is what we need and no one can achieve that if we think gambling as fun, we should think that gambling is a job so we can improve our performance.

Like I said it wouldn't be something that you can control and you could just improve your chances in winning with strategies and of course with experience. Don't ever think of gambling as a job because it is not a consistent income, knowing that you could lose more because of it.

Kasabus

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Quote from: Ayiranorea on July 08, 2017, 12:04:30 AM

It depends on the users. Gambling can be turned to be profitable on the long run. This happens just because at the early days of into gambling people won't have the good understanding about the ways of making analysis and money management. After the long travel with random wins and big losses users learn all the ways to minimize the loss and maximize profits. Here too luck is concerned big, without luck even on long run gambling won't profit.

Everyone has a chance to be successful in the long run but we cannot discount the fact that most gamblers loses in the long run, you choose
your destiny and the way you play it will dictate your outcome. Anyway, we have ensure we are matured enough and we understand the risk in
gambling so we can limit loses in case we do not succeed with our long term goal.

Ayiranorea

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It depends on the users. Gambling can be turned to be profitable on the long run. This happens just because at the early days of into gambling people won't have the good understanding about the ways of making analysis and money management. After the long travel with random wins and big losses users learn all the ways to minimize the loss and maximize profits. Here too luck is concerned big, without luck even on long run gambling won't profit.

Japinat

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Quote from: Krillin61 on July 07, 2017, 11:10:56 PM

Quote from: crwth on July 07, 2017, 08:53:40 PM

Quote from: d0flaming0 on July 07, 2017, 08:03:07 AM

nah i dont think so, if only when you can predict when or what day you are gonna be lucky on gambling then that will be the time you will play on your lucky day, but it is very impossible. Its only pure luck my friend, you could also play as much as possible as long as you wont get addicted or it will not be a hindrance to you.

I think you could apply strategies in order to become better and increase the chances of winning on gambling. Luck is really something of a big factor that could really make a difference but well, you cannot control luck. I think it chooses you.

I don't think luck is the real big factors. I think skills/strategies are really matter in gambling since in the first place if you're skilled, you won't place a bet that you know you're more likely to lose. Strategic gambler plays small amount/bet and they aim to get huge profit which most like happens.

If you are a real gambler who aim for profit you will not think so much of luck because you know you need to consistent win in order to be profitable in the long run. Consistency is what we need and no one can achieve that if we think gambling as fun, we should think that gambling is a job so we can improve our performance.

Krillin61

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Quote from: crwth on July 07, 2017, 08:53:40 PM

Quote from: d0flaming0 on July 07, 2017, 08:03:07 AM

nah i dont think so, if only when you can predict when or what day you are gonna be lucky on gambling then that will be the time you will play on your lucky day, but it is very impossible. Its only pure luck my friend, you could also play as much as possible as long as you wont get addicted or it will not be a hindrance to you.

I think you could apply strategies in order to become better and increase the chances of winning on gambling. Luck is really something of a big factor that could really make a difference but well, you cannot control luck. I think it chooses you.

I don't think luck is the real big factors. I think skills/strategies are really matter in gambling since in the first place if you're skilled, you won't place a bet that you know you're more likely to lose. Strategic gambler plays small amount/bet and they aim to get huge profit which most like happens.

crwth

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Quote from: d0flaming0 on July 07, 2017, 08:03:07 AM

nah i dont think so, if only when you can predict when or what day you are gonna be lucky on gambling then that will be the time you will play on your lucky day, but it is very impossible. Its only pure luck my friend, you could also play as much as possible as long as you wont get addicted or it will not be a hindrance to you.

I think you could apply strategies in order to become better and increase the chances of winning on gambling. Luck is really something of a big factor that could really make a difference but well, you cannot control luck. I think it chooses you.

ChristianPogi

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I'm just a Nobody.

Yes it is possible if you have a large bank roll and your profit goal is only 1% - 5% of your current bank roll.

Let say if you have 10 btc and your target per day to prevent loses is 1% only of your current bank roll.

10 btc * 1% = 0.1 BTC per day

that's not to much but you can easily gain that 0.1 btc in a super low risk.
In just 1 month you can gained 3 btc Cheesy

(if you're continious winning)

Don't forget that Greediness is a BITCH!

Happy rolling!

FlightyPouch

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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 really are times where people earn profits from gambling especially people who place their bets on sports betting.

Sports betting mostly is the type of gambling where people mostly win their bets. Unlike dice games where there are slight of winning because it requires a huge amount of luck. But even if these happen, many people lost their money from gambling but still not stopping and still continuing to gamble risking their money to get an income.

Zenithar

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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. it can only be profitable if you have good luck and have some experience in gambling and having gambling skill

South Park

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I am terrible at Fantasy Football!!!

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.

d0flaming0

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nah i dont think so, if only when you can predict when or what day you are gonna be lucky on gambling then that will be the time you will play on your lucky day, but it is very impossible. Its only pure luck my friend, you could also play as much as possible as long as you wont get addicted or it will not be a hindrance to you.

Topic: Can gambling be profitable in long term ? - page 38. (Read 112258 times)