Can gambling be profitable in long term ? - page 48.

shulio

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Quote from: 8Habits on June 19, 2017, 10:55:11 AM

Well, there is really no fixed earning or winnings in gambling on a regular daily basis. Even in trading where it is less riskier than gambling, one cannot guarantee of fixed regular daily income of in this example $50 - $100 a day. However, you can have more than that though if you are lucky enough but most of the time you are not when we are talking of gambling

Trading is for profit and gambling is for fun. So if any of you are looking for a way to be rich then go with trading not gambling. People always want to have money but for me gambling is just not the right place for that. I have lose alot to finally realize that I cant get alot of profit from gambling because I will keep losing

Jasad

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= jasad =

Quote from: BillCoin on June 19, 2017, 07:45:08 AM

Quote from: Jasad on June 19, 2017, 06:42:26 AM

Quote from: eann014 on June 19, 2017, 06:22:29 AM

If we just bet small amount in every game in a long run for me it can be possible be profitable, because if we bet high amount it will be a short term because if we lose high amount we cannot bet again because we lose a lot of money, unlike when betting small amount we can gamble in a long run because we can spread out our money in every game.

Yes, the only possible way to make gambling profitable in the long run is to place small but continuous bets. Do it slowly and manage it well. We will not be able to make gambling profitable for the long term if we put in large bets, it's just for short-term instant profits.

Even if you place small bets, you will still lose at the long run.
The only difference between betting small to bet big is the money that you are going to lose, the house has the same advantage over you.
If you bet slowly, you will lose your money slowly.

Actually in gambling there is never any definite thing. Actually installing in large quantities is also not wrong, which is wrong is because the result is too random, so we never know what will happen and put bets in large amounts are too risky, if not lucky then fatal consequences. And small bets are not entirely correct. Both have their own advantages and disadvantages. Both are still too dependent on luck. But my advice is to placel a small bet.

8Habits

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Quote from: Sowik on June 19, 2017, 11:18:45 AM

Gambling - meh
Betting - sure, why not? If you know what you are doing.

I am with you mate. We already have lay down potential circumstance to the effect of gambling but yes, there are still people that really prefers gambling over up to the point where they are already using their hard earned money and family savings just for gambling - this is too bad.

Sowik

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Gambling - meh
Betting - sure, why not? If you know what you are doing.

8Habits

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Quote from: blckhawk on June 19, 2017, 10:43:34 AM

Quote from: coolkiller on September 22, 2015, 05:16:01 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 so especially with 50-100 dollars a day even though you have enough luck it will not work. Casinos will not let you win that big and you should know that gamblers never became rich. For me I don't consider gambling as a profitable activity because I always ended up into lose.

Well, there is really no fixed earning or winnings in gambling on a regular daily basis. Even in trading where it is less riskier than gambling, one cannot guarantee of fixed regular daily income of in this example $50 - $100 a day. However, you can have more than that though if you are lucky enough but most of the time you are not when we are talking of gambling

RealPhotoshoper

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Quote from: TheUltraElite on June 18, 2017, 05:03:34 AM

Quote from: Ayiranorea on June 17, 2017, 08:12:01 AM

Gambling can sure be profitable in the long run. Profit always accompanies the lucky people, so in the long run the one who has the willingness to learn and make new strategies will make a bigger and better profit. Hope to make a lucky day in the long run.

Gambling is not about strategy to win, in EV- games every strategy is a fail and you cant ever beat the house - because the odds are against you. In EV+ games the picture is a bit different because you skills and knowledge come into play and you might gain an edge over the other players. Though luck is always important which is why strategies always fail in EV- games.

Then people should know first wheter the game they played is EV+ or not right?
And you might could expect to get profit even in the long run.
But honestly for me personally there's no big difference no matter it is EV- or EV+ when it comes to gambling , you won't able to get profit.

blckhawk

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Quote from: coolkiller on September 22, 2015, 05:16:01 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 so especially with 50-100 dollars a day even though you have enough luck it will not work. Casinos will not let you win that big and you should know that gamblers never became rich. For me I don't consider gambling as a profitable activity because I always ended up into lose.

TheUltraElite

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So anyway, I applied as a merit source :)

Quote from: 8Habits on June 18, 2017, 11:19:39 PM

Quote from: daringdiscovered on June 18, 2017, 08:46:13 AM

Quote from: Shutup on June 17, 2017, 08:41:35 AM

Gambling is not for a long term profit.Gambling is a game its either you can win or lose.But if you're a wise player dont play your capital,play your profit and save and keep it so that you will not be a loser.But if you invest your money in a big time gambling like casino your profit is gaining but if it is just a small time gambling its not for long term.

It is, but only for those who are lucky in gambling who are always winning, but if you know that you are not like this, then better to stay away from gambling, because instead of earning money, you are just going to lose your money, going to be addicted on it and so on. The only reason why gambling is profitable for someone is because he is always winning and just winning.

Majority of gamblers will lose more than they win - that is really the hard truth and reality because it was already calculated by the house edge advantage. We should only play for fun and entertainment with the money we can afford to lose.

The reason why the casino business is a flourishing and a profitable one is this reason. People who once get into gambling cant leave it easily. If you stry to abstain then you feel that you wasted some money and you try to make it back. In the long run it only leads to loss of all your balance. That is how the business is run. Milking out the money slowly but steadily in EV- games.

roadbits

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Quote from: erwin45hacked on June 19, 2017, 10:19:21 AM

Quote from: BillCoin on June 19, 2017, 07:45:08 AM

Even if you place small bets, you will still lose at the long run.
The only difference between betting small to bet big is the money that you are going to lose, the house has the same advantage over you.
If you bet slowly, you will lose your money slowly.

The house has the advantage over us however it doesnt mean we will always lose. Sometimes the variances might happen and we could win but it totally depends on luck. Some people win and some people lose, it is just part of the game that we have to take. The majority of people will lose in the long term of course

I agree that house edge will end the day. But we have a chance to win some money in gambling. We are not using it in right way, we become greedy, and we lose that money. So whenever you play in the long run, you must control your feelings and put one eye on your bankroll. When you feel you are moving to winning to lose stop your play, then you can make able to profit in the long run.

erwin45hacked

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Quote from: BillCoin on June 19, 2017, 07:45:08 AM

Even if you place small bets, you will still lose at the long run.
The only difference between betting small to bet big is the money that you are going to lose, the house has the same advantage over you.
If you bet slowly, you will lose your money slowly.

The house has the advantage over us however it doesnt mean we will always lose. Sometimes the variances might happen and we could win but it totally depends on luck. Some people win and some people lose, it is just part of the game that we have to take. The majority of people will lose in the long term of course

szpalata

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Quote from: eann014 on June 19, 2017, 06:22:29 AM

If we just bet small amount in every game in a long run for me it can be possible be profitable, because if we bet high amount it will be a short term because if we lose high amount we cannot bet again because we lose a lot of money, unlike when betting small amount we can gamble in a long run because we can spread out our money in every game.

Exactly, it can't only be profitable in the long term depending on how you treat it. If you treat your gambling as an investment ofcourse you'll be cautious and gamble wisely looking for potential loopholes and not bang your hopes on luck.

BillCoin

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Quote from: Jasad on June 19, 2017, 06:42:26 AM

Quote from: eann014 on June 19, 2017, 06:22:29 AM

If we just bet small amount in every game in a long run for me it can be possible be profitable, because if we bet high amount it will be a short term because if we lose high amount we cannot bet again because we lose a lot of money, unlike when betting small amount we can gamble in a long run because we can spread out our money in every game.

Yes, the only possible way to make gambling profitable in the long run is to place small but continuous bets. Do it slowly and manage it well. We will not be able to make gambling profitable for the long term if we put in large bets, it's just for short-term instant profits.

Even if you place small bets, you will still lose at the long run.
The only difference between betting small to bet big is the money that you are going to lose, the house has the same advantage over you.
If you bet slowly, you will lose your money slowly.

Jasad

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= jasad =

Quote from: eann014 on June 19, 2017, 06:22:29 AM

If we just bet small amount in every game in a long run for me it can be possible be profitable, because if we bet high amount it will be a short term because if we lose high amount we cannot bet again because we lose a lot of money, unlike when betting small amount we can gamble in a long run because we can spread out our money in every game.

Yes, the only possible way to make gambling profitable in the long run is to place small but continuous bets. Do it slowly and manage it well. We will not be able to make gambling profitable for the long term if we put in large bets, it's just for short-term instant profits.

eann014

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If we just bet small amount in every game in a long run for me it can be possible be profitable, because if we bet high amount it will be a short term because if we lose high amount we cannot bet again because we lose a lot of money, unlike when betting small amount we can gamble in a long run because we can spread out our money in every game.

daringdiscovered

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Quote from: 8Habits on June 18, 2017, 11:19:39 PM

Quote from: daringdiscovered on June 18, 2017, 08:46:13 AM

Quote from: Shutup on June 17, 2017, 08:41:35 AM

Gambling is not for a long term profit.Gambling is a game its either you can win or lose.But if you're a wise player dont play your capital,play your profit and save and keep it so that you will not be a loser.But if you invest your money in a big time gambling like casino your profit is gaining but if it is just a small time gambling its not for long term.

It is, but only for those who are lucky in gambling who are always winning, but if you know that you are not like this, then better to stay away from gambling, because instead of earning money, you are just going to lose your money, going to be addicted on it and so on. The only reason why gambling is profitable for someone is because he is always winning and just winning.

Majority of gamblers will lose more than they win - that is really the hard truth and reality because it was already calculated by the house edge advantage. We should only play for fun and entertainment with the money we can afford to lose.

Correct, and yet they are still continuing what they are doing. They are not quitting gambling because they are still holding on that hope that they are going to win all back the money that they have lost on it even though they know that it would be going to a hard job since they are competing against the house. There is a lot of ways on how could they win back all of their loses, the very first step that they need to do is not to gamble anymore, and they just win if they are going to do it. The last step is to focus on the things where we are earning legit amount of bitcoin and do have smaller risk unlike in gambling.

icecube45

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Quote from: shulio on June 18, 2017, 08:42:12 AM

Quote from: icecube45 on June 18, 2017, 07:33:53 AM

Few people can earn money from gambling and become like investments, this is hard to get because gambling depends heavily on luck. I do not think this will happen to casino games, because I'm sure there's a house edge so we have to share the profits with them.

Not sharing profit with them but we are going to lose regardless of what we do. I dont think that we can win at all unless you invest there but for me gambling is just another way of having fun. People have fun with alot of things and gambling is just one of that. Im happy to say that gambling is truly fun atleast for me

Whatever it is, we will not be able to get a full profit, it is because there is a house edge. Indeed it is different if we invest in gambling sites, if we can choose a trusted site and has long standing it will be a long-term profit. But this investment has big risks and should be done with careful. Yes maybe you're right, gambling is a way to have fun because this is a game and it's probably more appropriate to do.

8Habits

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Quote from: daringdiscovered on June 18, 2017, 08:46:13 AM

Quote from: Shutup on June 17, 2017, 08:41:35 AM

Gambling is not for a long term profit.Gambling is a game its either you can win or lose.But if you're a wise player dont play your capital,play your profit and save and keep it so that you will not be a loser.But if you invest your money in a big time gambling like casino your profit is gaining but if it is just a small time gambling its not for long term.

It is, but only for those who are lucky in gambling who are always winning, but if you know that you are not like this, then better to stay away from gambling, because instead of earning money, you are just going to lose your money, going to be addicted on it and so on. The only reason why gambling is profitable for someone is because he is always winning and just winning.

Majority of gamblers will lose more than they win - that is really the hard truth and reality because it was already calculated by the house edge advantage. We should only play for fun and entertainment with the money we can afford to lose.

daringdiscovered

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Quote from: Shutup on June 17, 2017, 08:41:35 AM

Gambling is not for a long term profit.Gambling is a game its either you can win or lose.But if you're a wise player dont play your capital,play your profit and save and keep it so that you will not be a loser.But if you invest your money in a big time gambling like casino your profit is gaining but if it is just a small time gambling its not for long term.

It is, but only for those who are lucky in gambling who are always winning, but if you know that you are not like this, then better to stay away from gambling, because instead of earning money, you are just going to lose your money, going to be addicted on it and so on. The only reason why gambling is profitable for someone is because he is always winning and just winning.

shulio

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Quote from: icecube45 on June 18, 2017, 07:33:53 AM

Few people can earn money from gambling and become like investments, this is hard to get because gambling depends heavily on luck. I do not think this will happen to casino games, because I'm sure there's a house edge so we have to share the profits with them.

Not sharing profit with them but we are going to lose regardless of what we do. I dont think that we can win at all unless you invest there but for me gambling is just another way of having fun. People have fun with alot of things and gambling is just one of that. Im happy to say that gambling is truly fun atleast for me

icecube45

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Quote from: bitbob82 on June 17, 2017, 08:08:21 PM

Quote from: XiMiT on June 17, 2017, 05:07:52 PM

The most reasonable answer would be no, the player, regardless of the game being dice, poker, sport betting and casino, all has some based house edge, taking a cut from the amount over long term and therefore if you aren't winning a very big number over LONG term, gambling would be a negative money sum game.

but i think it is different from person to person, there may be good luck people and they may also have good experience in gambling and therefore they may be earning money from gambling just like other investment. and may be there are some people who cannot continue their success in gambling for a long time.

Few people can earn money from gambling and become like investments, this is hard to get because gambling depends heavily on luck. I do not think this will happen to casino games, because I'm sure there's a house edge so we have to share the profits with them. The long-term profits I think can be earned on sports betting if one can really pick and analyze the match well. But I think only a few can do this, almost impossible. I think no one who can get long-term profits and earn income depends on this, because surely some time will experience defeat and loss.

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