Can gambling be profitable in long term ? - page 74.

Oralmat

hero member

Activity: 588

Merit: 500

Quote from: buyinbtc on March 05, 2017, 08:26:38 AM

Quote from: KennyR on March 04, 2017, 06:58:37 AM

Gambling is not like trading or other form of investment to get profited based upon the experience that we gained from the long time involvement. Gambling, whether long time or short time doesn't matter, but the luck is the important thing to give you the profit.

Luck is very important in gambling, but skill is also important in specific games, like poker. New players can do mistakes when playing poker while older players know what to do in specific situations, means they can win more if they play longer. Other gambling games like roulette or slots can't be profitable in long term, as they are purely luck based.

Yeah, we totally can't deny skills in gambling., Some specific games like poker and sports betting and etc, we mustily use skills and strategy. But many gamblers are not agree on it, they think in every game of gambling, we depend on luck. But we prefer skills than they think we deny skills, It doesn't mean that we are ignore the luck or skills. I believe we should use both in specific games than we win.

buyinbtc

legendary

Activity: 1008

Merit: 1010

CryptoTalk.Org - Get Paid for every Post!

Quote from: KennyR on March 04, 2017, 06:58:37 AM

Gambling is not like trading or other form of investment to get profited based upon the experience that we gained from the long time involvement. Gambling, whether long time or short time doesn't matter, but the luck is the important thing to give you the profit.

Luck is very important in gambling, but skill is also important in specific games, like poker. New players can do mistakes when playing poker while older players know what to do in specific situations, means they can win more if they play longer. Other gambling games like roulette or slots can't be profitable in long term, as they are purely luck based.

logisticalmother

member

Activity: 299

Merit: 10

No can guarantees for profits on gambling. Short term or long terms, still worth as win or lost.

TheUltraElite

legendary

Activity: 2898

Merit: 1253

So anyway, I applied as a merit source :)

Quote from: Nekutasa on March 05, 2017, 02:34:46 AM

If anything I think that gambling can be profitable in the short term. In the long term the house always wins...

In the long term mathematically the house edge will wipe your balance clean of all money. That is a proved fact by calculation using simulation software.

Even in the short term, you are still vulnerable to big losses if you are not careful and start betting like crazy. Because it is completely based on your luck and not any other thing.

In poker and sports betting there is some edge that can be by skills and knowledge. But I have seen the amount of fixing of matches and hate to say that the games are no longer fair.

Nekutasa

full member

Activity: 182

Merit: 100

If anything I think that gambling can be profitable in the short term. In the long term the house always wins...

shulio

legendary

Activity: 1540

Merit: 1016

Quote from: wintermeasures on March 05, 2017, 12:47:09 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.....?

According to me Gambling Never Be Profitable in Long Term Because Gambling is Just a Shit Game Based On Luck and All the Casinos of the World Works on a Probability Basis and it's not possible to win from a casino.
So I Suggest you to Don't Take Gambling Seriously Just Do Gambling For Fun Sometimes.......

It is not going to be profitable in the long run however you can still win some money from gambling. It is good to playfor fun only however when we win then it is going to be better. Some free money from gambling is of course a nice thing, somehow we play with real money therefore we expect to win some as well

wintermeasures

sr. member

Activity: 322

Merit: 250

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.....?

According to me Gambling Never Be Profitable in Long Term Because Gambling is Just a Shit Game Based On Luck and All the Casinos of the World Works on a Probability Basis and it's not possible to win from a casino.
So I Suggest you to Don't Take Gambling Seriously Just Do Gambling For Fun Sometimes.......

marlboroza

legendary

Activity: 1932

Merit: 2272

Quote from: conected on March 04, 2017, 10:41:18 AM

Quote from: Viscore on March 04, 2017, 10:13:36 AM

Quote from: gabmen on March 04, 2017, 09:52:00 AM

Quote from: ultrloa on March 04, 2017, 08:17:13 AM

Quote from: KennyR on March 04, 2017, 06:58:37 AM

Gambling is not like trading or other form of investment to get profited based upon the experience that we gained from the long time involvement. Gambling, whether long time or short time doesn't matter, but the luck is the important thing to give you the profit.

but what if you doesn't use wisely your lucky strike? Do you think you can sustain that to win always on some period of time? Well diffenately no since sometimes luck fades away and you might gonna lose some profit aswell as capital if you dont manage yourself to stop on the time you get profited already. Gambling is not always about luck and skill since also it needs self control.

I agree. Luck comes every now and then but smart people are the ones who know how to handle their luck to maximize its use. If you don't use your head, luck pretty much is useless. When it comes to gambling, i think its not really wise to think long term. Well unless your a pretty established poker player then it may be a long term investment for you playing in tournaments but in general, i think gambling is a by the moment thing.

Smart people does not rely on luck and that is for sure, they are more dependent on their system as their technique as luck like you said will just come and go. They want a long term success rather than a temporary one and I believe that is all we want as a gambler.
Stop thinking about luck, that will not help you to work on your ways to improve your methods of winning.

- Right, smart people create their luck, they never rely on luck of fate. They believe with the skills and experience, they can have long-term profits in gambling, not merely rely on the element of luck. Because they know luck is not on their side forever, they need something on their side forever, and by their ability, they create luck. Luck is good but important thing is how do you use it?

@gambman Nonsense. Gambling is all about luck, you can't say smart people doesn't rely on luck. You can be smartest person on earth, without luck you won't win shit.
@conected how exactly are smart people creating luck? Are they buying vegetables on marketplace and than cook luck?

conected

hero member

Activity: 1302

Merit: 503

Quote from: Viscore on March 04, 2017, 10:13:36 AM

Quote from: gabmen on March 04, 2017, 09:52:00 AM

Quote from: ultrloa on March 04, 2017, 08:17:13 AM

Quote from: KennyR on March 04, 2017, 06:58:37 AM

Gambling is not like trading or other form of investment to get profited based upon the experience that we gained from the long time involvement. Gambling, whether long time or short time doesn't matter, but the luck is the important thing to give you the profit.

but what if you doesn't use wisely your lucky strike? Do you think you can sustain that to win always on some period of time? Well diffenately no since sometimes luck fades away and you might gonna lose some profit aswell as capital if you dont manage yourself to stop on the time you get profited already. Gambling is not always about luck and skill since also it needs self control.

I agree. Luck comes every now and then but smart people are the ones who know how to handle their luck to maximize its use. If you don't use your head, luck pretty much is useless. When it comes to gambling, i think its not really wise to think long term. Well unless your a pretty established poker player then it may be a long term investment for you playing in tournaments but in general, i think gambling is a by the moment thing.

Smart people does not rely on luck and that is for sure, they are more dependent on their system as their technique as luck like you said will just come and go. They want a long term success rather than a temporary one and I believe that is all we want as a gambler.
Stop thinking about luck, that will not help you to work on your ways to improve your methods of winning.

- Right, smart people create their luck, they never rely on luck of fate. They believe with the skills and experience, they can have long-term profits in gambling, not merely rely on the element of luck. Because they know luck is not on their side forever, they need something on their side forever, and by their ability, they create luck. Luck is good but important thing is how do you use it?

Viscore

hero member

Activity: 3164

Merit: 660

Live with peace and enjoy life!

Quote from: gabmen on March 04, 2017, 09:52:00 AM

Quote from: ultrloa on March 04, 2017, 08:17:13 AM

Quote from: KennyR on March 04, 2017, 06:58:37 AM

Gambling is not like trading or other form of investment to get profited based upon the experience that we gained from the long time involvement. Gambling, whether long time or short time doesn't matter, but the luck is the important thing to give you the profit.

but what if you doesn't use wisely your lucky strike? Do you think you can sustain that to win always on some period of time? Well diffenately no since sometimes luck fades away and you might gonna lose some profit aswell as capital if you dont manage yourself to stop on the time you get profited already. Gambling is not always about luck and skill since also it needs self control.

I agree. Luck comes every now and then but smart people are the ones who know how to handle their luck to maximize its use. If you don't use your head, luck pretty much is useless. When it comes to gambling, i think its not really wise to think long term. Well unless your a pretty established poker player then it may be a long term investment for you playing in tournaments but in general, i think gambling is a by the moment thing.

Smart people does not rely on luck and that is for sure, they are more dependent on their system as their technique as luck like you said will just come and go. They want a long term success rather than a temporary one and I believe that is all we want as a gambler.
Stop thinking about luck, that will not help you to work on your ways to improve your methods of winning.

gabmen

hero member

Activity: 1246

Merit: 529

CryptoTalk.Org - Get Paid for every Post!

Quote from: ultrloa on March 04, 2017, 08:17:13 AM

Quote from: KennyR on March 04, 2017, 06:58:37 AM

Gambling is not like trading or other form of investment to get profited based upon the experience that we gained from the long time involvement. Gambling, whether long time or short time doesn't matter, but the luck is the important thing to give you the profit.

but what if you doesn't use wisely your lucky strike? Do you think you can sustain that to win always on some period of time? Well diffenately no since sometimes luck fades away and you might gonna lose some profit aswell as capital if you dont manage yourself to stop on the time you get profited already. Gambling is not always about luck and skill since also it needs self control.

I agree. Luck comes every now and then but smart people are the ones who know how to handle their luck to maximize its use. If you don't use your head, luck pretty much is useless. When it comes to gambling, i think its not really wise to think long term. Well unless your a pretty established poker player then it may be a long term investment for you playing in tournaments but in general, i think gambling is a by the moment thing.

ultrloa

legendary

Activity: 2758

Merit: 1228

Quote from: KennyR on March 04, 2017, 06:58:37 AM

Gambling is not like trading or other form of investment to get profited based upon the experience that we gained from the long time involvement. Gambling, whether long time or short time doesn't matter, but the luck is the important thing to give you the profit.

but what if you doesn't use wisely your lucky strike? Do you think you can sustain that to win always on some period of time? Well diffenately no since sometimes luck fades away and you might gonna lose some profit aswell as capital if you dont manage yourself to stop on the time you get profited already. Gambling is not always about luck and skill since also it needs self control.

KennyR

hero member

Activity: 2310

Merit: 532

Enterapp Pre-Sale Live - bit.ly/3UrMCWI

Gambling is not like trading or other form of investment to get profited based upon the experience that we gained from the long time involvement. Gambling, whether long time or short time doesn't matter, but the luck is the important thing to give you the profit.

voteformeg

legendary

Activity: 1932

Merit: 1005

in early days i gambled a lot with btc , i lost a lot because of BITZINO , sometimes won but after a long time it eat almost all off my bitcoin

was it bitzino that eats my bitcoin?

NO, you can win and you can lose , but when you lose you feel bad and when you win you don't stop playing because you feel good and wan't more ,

till you lose and feel bad again

so stop gambling

TheUltraElite

legendary

Activity: 2898

Merit: 1253

So anyway, I applied as a merit source :)

Quote from: emberbekas on March 03, 2017, 03:22:28 PM

Quote from: BitDane on March 03, 2017, 12:51:26 PM

Quote from: TheUltraElite on March 03, 2017, 12:45:25 PM

Gambling in casino games is totally based on luck and pure luck. Skills only come into play for poker and other PVP games though many games are rigged and fixed and are very hard to guess which one is fair.

In the long term gambling more and more only leads to bigger losses cumulatively since the house edge is always against us and that is why the odds are never in our favor. Even playing small bets never guarantee that the next bet will be a green one.

I agree that most Casino games are based in luck. Even with poker and blackjack that depends on the luck of the cards they deal. Even though we have the same thought about Casino games being dependent on luck, I disagree that long term playing is destined to make players lose more money. I think if a player couple it with some strategy, they eventually can earn in the long run.

There is a chance to get profit in the long run but it's very low chance. Only few people can obtain it. In general, most gamblers will get a negative profit. And in my own opinion, most of them don't care about their negative profits. People tend to forget the fact that they already lost some money as long as they still able to do gamble in the recent and on the upcoming days. Regret will come when they had nothing to feed their addictions again. Do a responsible gambling! Gamble only with the money that if we lost it, it won't give a big impact to our daily life!

Most people just gamble for fun - I think they must be very rich or have black money - in either case otherwise how can one not think twice before throwing away money to some luck based system to double it? I prefer to work and earn more so I can buy my daily necessities and pay my bills.

Negative profits will never reach zero or positive at all since they are addicted and want to chase losses. This is turn leads to more losses and they are just willing to chase it again.

Truly these people are not responsible gamblers.

bhadz

hero member

Activity: 2520

Merit: 568

Payment Gateway Allows Recurring Payments

Quote from: virasisog on March 02, 2017, 10:26:21 PM

Quote from: bhadz on March 02, 2017, 09:00:51 PM

Quote from: BlockEye on March 02, 2017, 06:56:56 AM

Quote from: bhadz on March 01, 2017, 11:25:41 PM

Actually gambling is a business and you are already pointing it out right. It depends on how you will take gambling and look on the opportunities with it. But for me, I'll take gambling as a profitable business, not a profitable hobby or past time. Just take time to study on what are the good sites that you can invest with your bitcoins for longer time of earning.

Gambling can gave a profit without risking money on it. We just need to invest on right side and you will never lose at the end. Investing on casino is a good gambling considering that all casino is always the winner at the long run. Gambling can be a nice way to have a profit. Just be wise on choosing the winner side.

We need to risk our money on it if we are an investor. We know that for somehow that there are lucky gamblers who win bigger amount. But I haven't read any news about those reputable and big casino's to be bankrupt because of their lucky gamblers. And it's an advantage if you'll go along with the side of the house by just simply investing.

But we not need to invest and risk our money if we know that these type of investments is morely relying on luck . The gambking house is unbeatable even you win they have some percentage when you withdraw and the jackpot they used to put in is from the other gamblers there's no way to beat them .In the long term you only beat yourself we need to accept that fact unless . In short term we can earn ,Earn and run thats more good than staying in long term to gamble.

It's not about luck when it comes to investment in casino's because the house edge is the one that will mostly use your bitcoins for their capital. And that's not going to make you need a luck for it because they know that the favor will always on them. Also we know that most of the gamblers are always losing in the long run.

emberbekas

legendary

Activity: 1904

Merit: 1000

Quote from: BitDane on March 03, 2017, 12:51:26 PM

Quote from: TheUltraElite on March 03, 2017, 12:45:25 PM

Gambling in casino games is totally based on luck and pure luck. Skills only come into play for poker and other PVP games though many games are rigged and fixed and are very hard to guess which one is fair.

In the long term gambling more and more only leads to bigger losses cumulatively since the house edge is always against us and that is why the odds are never in our favor. Even playing small bets never guarantee that the next bet will be a green one.

I agree that most Casino games are based in luck. Even with poker and blackjack that depends on the luck of the cards they deal. Even though we have the same thought about Casino games being dependent on luck, I disagree that long term playing is destined to make players lose more money. I think if a player couple it with some strategy, they eventually can earn in the long run.

There is a chance to get profit in the long run but it's very low chance. Only few people can obtain it. In general, most gamblers will get a negative profit. And in my own opinion, most of them don't care about their negative profits. People tend to forget the fact that they already lost some money as long as they still able to do gamble in the recent and on the upcoming days. Regret will come when they had nothing to feed their addictions again. Do a responsible gambling! Gamble only with the money that if we lost it, it won't give a big impact to our daily life!

BitDane

sr. member

Activity: 1372

Merit: 348

Quote from: TheUltraElite on March 03, 2017, 12:45:25 PM

Gambling in casino games is totally based on luck and pure luck. Skills only come into play for poker and other PVP games though many games are rigged and fixed and are very hard to guess which one is fair.

In the long term gambling more and more only leads to bigger losses cumulatively since the house edge is always against us and that is why the odds are never in our favor. Even playing small bets never guarantee that the next bet will be a green one.

I agree that most Casino games are based in luck. Even with poker and blackjack that depends on the luck of the cards they deal. Even though we have the same thought about Casino games being dependent on luck, I disagree that long term playing is destined to make players lose more money. I think if a player couple it with some strategy, they eventually can earn in the long run.

TheUltraElite

legendary

Activity: 2898

Merit: 1253

So anyway, I applied as a merit source :)

Quote from: raven7886 on March 03, 2017, 12:15:50 PM

Quote from: yueno on March 03, 2017, 05:10:25 AM

Quote from: daringdiscovered on March 03, 2017, 05:07:10 AM

Quote from: freedomgo on March 03, 2017, 01:41:08 AM

Quote from: shulio on March 03, 2017, 12:02:18 AM

Quote from: bhadz on March 02, 2017, 09:00:51 PM

We need to risk our money on it if we are an investor. We know that for somehow that there are lucky gamblers who win bigger amount. But I haven't read any news about those reputable and big casino's to be bankrupt because of their lucky gamblers. And it's an advantage if you'll go along with the side of the house by just simply investing.

Gambling site wont really bankrupt because people win in their site. At most they are going to be getting lower bankroll therefore there will be less then what you could win in each of your bet however if it is crowdfunded casino site then this will leave a bad effect to the site as investor's profit is going down and it will leave insecurity feeling for investor

That's very unusual to happen in a gambling site, they have their system and controlled it so everything should go in their favor. If one gambler wins a bigger amount, there are many losers on the other side also, hence it will still result a profit to the housed.
If you are familiar with the sayings "house always win", well, that is true and you cannot argue reality.

I agree, only the house benefits from gambling not to the gamblers. Casino owners won't allow their businees to lose profit or give money to people. They let win some people to win some big amounts to make other gamblers try their luck too. That is where they recover their money. So casino owners don't really lose money when someone win instead they just earn more profit on their business.

Yes the owner is the winner at the long run because he knows whats your doing which is martingale so it is better to play in a short period of time to win in the game. And by playing safe in the game it will win you at the end of the day so therefore it is for winning side to win in the game at the end of the day.

You might think so, but in theory and in reality you can never make profit out of gambling even if you play it safe, because gambling is all about luck and taking the risks and even if you win a couple of times there will be some times where you are going to lose because luck runs out and when it does you are going to lose all your money.

Gambling in casino games is totally based on luck and pure luck. Skills only come into play for poker and other PVP games though many games are rigged and fixed and are very hard to guess which one is fair.

In the long term gambling more and more only leads to bigger losses cumulatively since the house edge is always against us and that is why the odds are never in our favor. Even playing small bets never guarantee that the next bet will be a green one.

raven7886

legendary

Activity: 1512

Merit: 1041

Quote from: yueno on March 03, 2017, 05:10:25 AM

Quote from: daringdiscovered on March 03, 2017, 05:07:10 AM

Quote from: freedomgo on March 03, 2017, 01:41:08 AM

Quote from: shulio on March 03, 2017, 12:02:18 AM

Quote from: bhadz on March 02, 2017, 09:00:51 PM

We need to risk our money on it if we are an investor. We know that for somehow that there are lucky gamblers who win bigger amount. But I haven't read any news about those reputable and big casino's to be bankrupt because of their lucky gamblers. And it's an advantage if you'll go along with the side of the house by just simply investing.

Gambling site wont really bankrupt because people win in their site. At most they are going to be getting lower bankroll therefore there will be less then what you could win in each of your bet however if it is crowdfunded casino site then this will leave a bad effect to the site as investor's profit is going down and it will leave insecurity feeling for investor

That's very unusual to happen in a gambling site, they have their system and controlled it so everything should go in their favor. If one gambler wins a bigger amount, there are many losers on the other side also, hence it will still result a profit to the housed.
If you are familiar with the sayings "house always win", well, that is true and you cannot argue reality.

I agree, only the house benefits from gambling not to the gamblers. Casino owners won't allow their businees to lose profit or give money to people. They let win some people to win some big amounts to make other gamblers try their luck too. That is where they recover their money. So casino owners don't really lose money when someone win instead they just earn more profit on their business.

Yes the owner is the winner at the long run because he knows whats your doing which is martingale so it is better to play in a short period of time to win in the game. And by playing safe in the game it will win you at the end of the day so therefore it is for winning side to win in the game at the end of the day.

You might think so, but in theory and in reality you can never make profit out of gambling even if you play it safe, because gambling is all about luck and taking the risks and even if you win a couple of times there will be some times where you are going to lose because luck runs out and when it does you are going to lose all your money.

Topic: Can gambling be profitable in long term ? - page 74. (Read 112232 times)