Can gambling be profitable in long term ? - page 87.

jossiel

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Quote from: Shinpako09 on December 02, 2016, 10:44:39 PM

Quote from: mirakal on December 02, 2016, 10:40:44 PM

Quote from: Apriand on December 02, 2016, 10:08:33 PM

Quote from: Invulner on December 02, 2016, 08:26:48 PM

Technically yes, it could potentially happen as long as you keep hitting the right rolls but statistically speaking it should be unprofitable to gamble in the long term against a house edge because the house will always be winning, especially when there are thousands of gamblers out there.

There might be one lucky person that hits something, but all the rest lose in the long term.

Agreed,,, some time may be gamblers can hit something big thats why usually gamblers always come back with his/her money. Then they will lose small amount every day and they will lose more money than their profit. Thats what happening with me, and i believe alot of people have same situation with me.

Therefore we can conclude that gambling is not profitable in the long run for us, it's the reality but we can still stay in gambling but we should change our purpose from making money which in reality we are giving to seeking happiness purely.

Gamblers can only be happy, purely happy rather if they will win big amount of money and thats a fact. Thats their main purpose in gambling to win and not to only seek for happiness.

Those people who are involved with gambling activities that will be happy are the owners. Because when they have money from the lose of gamblers.

That will make them happy and even though they will not seek for happiness as long as they are profiting from their gamblers.

They can be already happy just like what you said they are just aiming for winning or having some profit.

Shinpako09

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Quote from: mirakal on December 02, 2016, 10:40:44 PM

Quote from: Apriand on December 02, 2016, 10:08:33 PM

Quote from: Invulner on December 02, 2016, 08:26:48 PM

Technically yes, it could potentially happen as long as you keep hitting the right rolls but statistically speaking it should be unprofitable to gamble in the long term against a house edge because the house will always be winning, especially when there are thousands of gamblers out there.

There might be one lucky person that hits something, but all the rest lose in the long term.

Agreed,,, some time may be gamblers can hit something big thats why usually gamblers always come back with his/her money. Then they will lose small amount every day and they will lose more money than their profit. Thats what happening with me, and i believe alot of people have same situation with me.

Therefore we can conclude that gambling is not profitable in the long run for us, it's the reality but we can still stay in gambling but we should change our purpose from making money which in reality we are giving to seeking happiness purely.

Gamblers can only be happy, purely happy rather if they will win big amount of money and thats a fact. Thats their main purpose in gambling to win and not to only seek for happiness.

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Quote from: Apriand on December 02, 2016, 10:08:33 PM

Quote from: Invulner on December 02, 2016, 08:26:48 PM

Technically yes, it could potentially happen as long as you keep hitting the right rolls but statistically speaking it should be unprofitable to gamble in the long term against a house edge because the house will always be winning, especially when there are thousands of gamblers out there.

There might be one lucky person that hits something, but all the rest lose in the long term.

Agreed,,, some time may be gamblers can hit something big thats why usually gamblers always come back with his/her money. Then they will lose small amount every day and they will lose more money than their profit. Thats what happening with me, and i believe alot of people have same situation with me.

Therefore we can conclude that gambling is not profitable in the long run for us, it's the reality but we can still stay in gambling but we should change our purpose from making money which in reality we are giving to seeking happiness purely.

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Quote from: Invulner on December 02, 2016, 08:26:48 PM

Technically yes, it could potentially happen as long as you keep hitting the right rolls but statistically speaking it should be unprofitable to gamble in the long term against a house edge because the house will always be winning, especially when there are thousands of gamblers out there.

There might be one lucky person that hits something, but all the rest lose in the long term.

Agreed,,, some time may be gamblers can hit something big thats why usually gamblers always come back with his/her money. Then they will lose small amount every day and they will lose more money than their profit. Thats what happening with me, and i believe alot of people have same situation with me.

Invulner

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Invulner

Technically yes, it could potentially happen as long as you keep hitting the right rolls but statistically speaking it should be unprofitable to gamble in the long term against a house edge because the house will always be winning, especially when there are thousands of gamblers out there.

There might be one lucky person that hits something, but all the rest lose in the long term.

Hhampuz

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Meh.

The question is a bit skewed. As it's quite objective when you consider what long term is.

You can definitely be a winner with gambling, all it takes is that one big win.

The usual trap is that you win small several times, but in the long run you'll lose out, it's the natural course.

If you can control your emotions and be smart when you do win, that's where you'll achieve success.

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Quote from: BitMaxz on December 02, 2016, 06:58:50 PM

Quote from: tabas on December 02, 2016, 06:55:25 PM

Quote from: MinerHQ on December 02, 2016, 06:39:09 PM

Quote from: upsidedown75 on December 02, 2016, 02:54:11 PM

Quote from: OrangeII on November 24, 2016, 01:59:18 PM

nothing guarantees that it could be done, but I feel someone had to do it, either using scripts or other tricks, but certainly there are people who have benefit in a long time when gambling. but I am sure it will be very difficult to do if you're trying to play in normal circumstances

In a long term gambling we can gamble huge amount with very low odds with win percentage of more than 85, then we will make some profit without taking much risk and in this way we can gamble very long term with low win percentage. I usually play small amount with more than 50% of win percentage and martingale.

Firstly I don't agree that we can make a money from gambling in the longer run and secondly if you go with low odd games to bet and if you lose one or two games then you need to win another few games to recover those losses. We can't guarantee that what percentage we will win in the long run so it is not possible to make money in gambling in the longer run.

We cannot make profit if we are just simply visiting gambling sites and loses our bitcoins but being an investor will make it happen and possible in the long run. But it seems this is a very impossible thing for an individual gambler to be able to get some decent profit with gambling in the long run, this is just possible for the owners.

Investment in gambling can be a good idea but there is no assurance that you can make a good profit you should choose what gambling site is the best to invest that you can actually earn a good profit. we have already review about some site that actually giving good profit..
Like in betking that someone has already made a large profit in investing in that site..

Research, effort, patience and focus is what we really need in investment ,we need to research on the reliable sites and focus on gaining more to be able to invest more but making sure to invest it not only in one site. This things needs effort same when gambling patience and effort is really needed when you already lose more than your capital there is need to stop same when already won that much. Gambling can also really a source of income when you have focus on your game plan and have a self control.

Pearls Before Swine

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Eh, no. You all know very well that the way casinos (or any place that lets you bet) are set up, the longer you play the more you lose. It's that simple. You might strike it rich with luck, but if you stay at the table long enough your winnings will go to ZERO.

Why people think they can gamble as a career is beyond me.

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Quote from: tabas on December 02, 2016, 06:55:25 PM

Quote from: MinerHQ on December 02, 2016, 06:39:09 PM

Quote from: upsidedown75 on December 02, 2016, 02:54:11 PM

Quote from: OrangeII on November 24, 2016, 01:59:18 PM

nothing guarantees that it could be done, but I feel someone had to do it, either using scripts or other tricks, but certainly there are people who have benefit in a long time when gambling. but I am sure it will be very difficult to do if you're trying to play in normal circumstances

In a long term gambling we can gamble huge amount with very low odds with win percentage of more than 85, then we will make some profit without taking much risk and in this way we can gamble very long term with low win percentage. I usually play small amount with more than 50% of win percentage and martingale.

Firstly I don't agree that we can make a money from gambling in the longer run and secondly if you go with low odd games to bet and if you lose one or two games then you need to win another few games to recover those losses. We can't guarantee that what percentage we will win in the long run so it is not possible to make money in gambling in the longer run.

We cannot make profit if we are just simply visiting gambling sites and loses our bitcoins but being an investor will make it happen and possible in the long run. But it seems this is a very impossible thing for an individual gambler to be able to get some decent profit with gambling in the long run, this is just possible for the owners.

Investment in gambling can be a good idea but there is no assurance that you can make a good profit you should choose what gambling site is the best to invest that you can actually earn a good profit. we have already review about some site that actually giving good profit..
Like in betking that someone has already made a large profit in investing in that site..

tabas

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Quote from: MinerHQ on December 02, 2016, 06:39:09 PM

Quote from: upsidedown75 on December 02, 2016, 02:54:11 PM

Quote from: OrangeII on November 24, 2016, 01:59:18 PM

nothing guarantees that it could be done, but I feel someone had to do it, either using scripts or other tricks, but certainly there are people who have benefit in a long time when gambling. but I am sure it will be very difficult to do if you're trying to play in normal circumstances

In a long term gambling we can gamble huge amount with very low odds with win percentage of more than 85, then we will make some profit without taking much risk and in this way we can gamble very long term with low win percentage. I usually play small amount with more than 50% of win percentage and martingale.

Firstly I don't agree that we can make a money from gambling in the longer run and secondly if you go with low odd games to bet and if you lose one or two games then you need to win another few games to recover those losses. We can't guarantee that what percentage we will win in the long run so it is not possible to make money in gambling in the longer run.

We cannot make profit if we are just simply visiting gambling sites and loses our bitcoins but being an investor will make it happen and possible in the long run. But it seems this is a very impossible thing for an individual gambler to be able to get some decent profit with gambling in the long run, this is just possible for the owners.

MinerHQ

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Quote from: upsidedown75 on December 02, 2016, 02:54:11 PM

Quote from: OrangeII on November 24, 2016, 01:59:18 PM

nothing guarantees that it could be done, but I feel someone had to do it, either using scripts or other tricks, but certainly there are people who have benefit in a long time when gambling. but I am sure it will be very difficult to do if you're trying to play in normal circumstances

In a long term gambling we can gamble huge amount with very low odds with win percentage of more than 85, then we will make some profit without taking much risk and in this way we can gamble very long term with low win percentage. I usually play small amount with more than 50% of win percentage and martingale.

Firstly I don't agree that we can make a money from gambling in the longer run and secondly if you go with low odd games to bet and if you lose one or two games then you need to win another few games to recover those losses. We can't guarantee that what percentage we will win in the long run so it is not possible to make money in gambling in the longer run.

lol3c

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Quote from: Clement Kaliyar on December 02, 2016, 04:26:20 PM

Quote from: upsidedown75 on December 02, 2016, 02:54:11 PM

Quote from: OrangeII on November 24, 2016, 01:59:18 PM

nothing guarantees that it could be done, but I feel someone had to do it, either using scripts or other tricks, but certainly there are people who have benefit in a long time when gambling. but I am sure it will be very difficult to do if you're trying to play in normal circumstances

In a long term gambling we can gamble huge amount with very low odds with win percentage of more than 85, then we will make some profit without taking much risk and in this way we can gamble very long term with low win percentage. I usually play small amount with more than 50% of win percentage and martingale.

even with low odds it is not a certain that you will win all the time it all depends upon how lucky you are ,but if you are having a good balance then what you are telling is true,you need atleast 1 BTC to win all the time with low odds.Do the math and you will very well know what i am talking about as you are winning with it.I was winning for some time with low odds then i got smoked with 12 reds in 1.11x and i really believe that it was rigged but without any proof i cannot tell anything but that was the fact.

It does not depend on low odds or the amount of Bitcoin you choose to play or the capital you have. It depends on house edge and how you choose your strategy. It is hard to make an excellent strategy which you can earn a stable income with it because you have to make a lot of calculating and you must spend time to work with it. As long as you have a perfect strategy, nothing can stop you from earning money. However, you can never realize when your strategy will collapse because gambling managers will always change their system.

Clement Kaliyar

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Quote from: upsidedown75 on December 02, 2016, 02:54:11 PM

Quote from: OrangeII on November 24, 2016, 01:59:18 PM

nothing guarantees that it could be done, but I feel someone had to do it, either using scripts or other tricks, but certainly there are people who have benefit in a long time when gambling. but I am sure it will be very difficult to do if you're trying to play in normal circumstances

In a long term gambling we can gamble huge amount with very low odds with win percentage of more than 85, then we will make some profit without taking much risk and in this way we can gamble very long term with low win percentage. I usually play small amount with more than 50% of win percentage and martingale.

even with low odds it is not a certain that you will win all the time it all depends upon how lucky you are ,but if you are having a good balance then what you are telling is true,you need atleast 1 BTC to win all the time with low odds.Do the math and you will very well know what i am talking about as you are winning with it.I was winning for some time with low odds then i got smoked with 12 reds in 1.11x and i really believe that it was rigged but without any proof i cannot tell anything but that was the fact.

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Quote from: OrangeII on November 24, 2016, 01:59:18 PM

nothing guarantees that it could be done, but I feel someone had to do it, either using scripts or other tricks, but certainly there are people who have benefit in a long time when gambling. but I am sure it will be very difficult to do if you're trying to play in normal circumstances

In a long term gambling we can gamble huge amount with very low odds with win percentage of more than 85, then we will make some profit without taking much risk and in this way we can gamble very long term with low win percentage. I usually play small amount with more than 50% of win percentage and martingale.

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Quote from: YuginKadoya on December 02, 2016, 06:45:50 AM

Quote from: Golftech on December 01, 2016, 09:56:48 AM

Quote from: Natalim on December 01, 2016, 12:39:26 AM

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Quote from: Ziskinberg on November 30, 2016, 08:47:53 PM

Quote from: emberbekas on November 30, 2016, 11:01:09 AM

Quote from: butcherboss on November 29, 2016, 02:40:01 AM

Its not impossible but the chances are low since you are actually playing against chance because of the house edge. In short term you can profit if you leave early.

True, we can win at the short term. But, I guess most people will come back again to this business especially after they gain some profit from it. The circle will never end till someone got nothing to stake anymore. Hence, only few people who can handle their emotions can survive from bad 'long term' profit from this game.

It's not only the house edge that are killing us in gambling but one factor also is our weaknesses in managing our emotion, it's the biggest traitor of all time and will lead us to be greedy. The moment we win we are happy but when we think their more to win and we do not want to stop, it's the human nature of being greedy that prevent us from stopping until we lose.

Not realy we can win at the short term, On gambling we talking about "strategy / Lucky / goal" . Are you sure talking about greedy's big point we lost on gambling ? Even you have won then just briefly got lost money, this not talking about "Greedy" cause on play we need big point's lucky on gambling.

You are greedy if you keep pushing your luck in gambling, luck can come anytime with a surprise and it can give us a little excitement maybe thinking we are unbeatable but since the math of our chances will play, we will still lose in the long run and that not a surprise for every gambler. We will be dealt with that due to greediness.

this should be needed to be taking care if greediness can be control and if we can still think wisely even we are in a middle of the game no matter if losing of winning we can possibly wins in the long run, but it is our self that we are dealing with and its hard to win that's why we call some gambling master as pro because they really manage to their self even in the long period inside the game.

Well even a master pro in gambling has their down side when it comes to gambling and they needed a break when it comes in stopping your bet when their bankroll are down they are just good in handling a bet and in their decision making, that is why there are obviously a master when it come to this kind of matter,

In my opinion about gambling i dont think it can be profitable in long term because as my experience like playing in lottery more losses can be experienced rather than winning. But if theres a big chance to win jackpot prize like online btc casinos i believed that it is profitable but not in a long term and surely if you've won that large jackpot amount short term profit prevails.

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Quote from: Golftech on December 01, 2016, 09:56:48 AM

Quote from: Natalim on December 01, 2016, 12:39:26 AM

Quote from: ?? on ??

Quote from: Ziskinberg on November 30, 2016, 08:47:53 PM

Quote from: emberbekas on November 30, 2016, 11:01:09 AM

Quote from: butcherboss on November 29, 2016, 02:40:01 AM

Its not impossible but the chances are low since you are actually playing against chance because of the house edge. In short term you can profit if you leave early.

True, we can win at the short term. But, I guess most people will come back again to this business especially after they gain some profit from it. The circle will never end till someone got nothing to stake anymore. Hence, only few people who can handle their emotions can survive from bad 'long term' profit from this game.

It's not only the house edge that are killing us in gambling but one factor also is our weaknesses in managing our emotion, it's the biggest traitor of all time and will lead us to be greedy. The moment we win we are happy but when we think their more to win and we do not want to stop, it's the human nature of being greedy that prevent us from stopping until we lose.

Not realy we can win at the short term, On gambling we talking about "strategy / Lucky / goal" . Are you sure talking about greedy's big point we lost on gambling ? Even you have won then just briefly got lost money, this not talking about "Greedy" cause on play we need big point's lucky on gambling.

You are greedy if you keep pushing your luck in gambling, luck can come anytime with a surprise and it can give us a little excitement maybe thinking we are unbeatable but since the math of our chances will play, we will still lose in the long run and that not a surprise for every gambler. We will be dealt with that due to greediness.

this should be needed to be taking care if greediness can be control and if we can still think wisely even we are in a middle of the game no matter if losing of winning we can possibly wins in the long run, but it is our self that we are dealing with and its hard to win that's why we call some gambling master as pro because they really manage to their self even in the long period inside the game.

Well even a master pro in gambling has their down side when it comes to gambling and they needed a break when it comes in stopping your bet when their bankroll are down they are just good in handling a bet and in their decision making, that is why there are obviously a master when it come to this kind of matter,

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Quote from: Natalim on December 01, 2016, 12:39:26 AM

Quote from: ?? on ??

Quote from: Ziskinberg on November 30, 2016, 08:47:53 PM

Quote from: emberbekas on November 30, 2016, 11:01:09 AM

Quote from: butcherboss on November 29, 2016, 02:40:01 AM

Its not impossible but the chances are low since you are actually playing against chance because of the house edge. In short term you can profit if you leave early.

True, we can win at the short term. But, I guess most people will come back again to this business especially after they gain some profit from it. The circle will never end till someone got nothing to stake anymore. Hence, only few people who can handle their emotions can survive from bad 'long term' profit from this game.

It's not only the house edge that are killing us in gambling but one factor also is our weaknesses in managing our emotion, it's the biggest traitor of all time and will lead us to be greedy. The moment we win we are happy but when we think their more to win and we do not want to stop, it's the human nature of being greedy that prevent us from stopping until we lose.

Not realy we can win at the short term, On gambling we talking about "strategy / Lucky / goal" . Are you sure talking about greedy's big point we lost on gambling ? Even you have won then just briefly got lost money, this not talking about "Greedy" cause on play we need big point's lucky on gambling.

You are greedy if you keep pushing your luck in gambling, luck can come anytime with a surprise and it can give us a little excitement maybe thinking we are unbeatable but since the math of our chances will play, we will still lose in the long run and that not a surprise for every gambler. We will be dealt with that due to greediness.

this should be needed to be taking care if greediness can be control and if we can still think wisely even we are in a middle of the game no matter if losing of winning we can possibly wins in the long run, but it is our self that we are dealing with and its hard to win that's why we call some gambling master as pro because they really manage to their self even in the long period inside the game.

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Quote from: rickadone on December 01, 2016, 09:17:26 AM

Quote from: fullypak on November 24, 2016, 08:52:53 PM

Quote from: The_Dark_Knight on November 24, 2016, 12:41:57 PM

Obviously that is not long term gambling because even if you win that day, what about the previous days or the next ones there is no guarantee you can repeat such a performance in terms of hours and profits.

That why gambling is not for making money but just to have entertainment when we need vocationally and if you are lucky on that day then will win some money and get a free enjoyment. But if one gambling only to make profit surely in the longer run all gamblers will lose money.

Agree with you as I saw my friend he won a big amount one day but after playing again and again he looses all the amount he won along with his own money, if you left the gambling at the same time you won then only you will be in profit otherwise there is no way to win in long term until and unless you have luck with you.

If I am allowed to say it, I would say this that your friend is greedy just like most of us here, the fact that we do not want to stop that is simply a sign of greediness and a way of irresponsible gambling, we can't be successful on that in the long run if we aim profit, good thing if we only bet what we can afford to lose but if not, we might ruin our future because of our failure to control ourselves in gambling.

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Quote from: fullypak on November 24, 2016, 08:52:53 PM

Quote from: The_Dark_Knight on November 24, 2016, 12:41:57 PM

Obviously that is not long term gambling because even if you win that day, what about the previous days or the next ones there is no guarantee you can repeat such a performance in terms of hours and profits.

That why gambling is not for making money but just to have entertainment when we need vocationally and if you are lucky on that day then will win some money and get a free enjoyment. But if one gambling only to make profit surely in the longer run all gamblers will lose money.

Agree with you as I saw my friend he won a big amount one day but after playing again and again he looses all the amount he won along with his own money, if you left the gambling at the same time you won then only you will be in profit otherwise there is no way to win in long term until and unless you have luck with you.

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Quote from: noictib on December 01, 2016, 02:09:42 AM

Quote from: michkima on December 01, 2016, 01:43:59 AM

I think no. Unless you are investing in the casino or the house and also when you just gamble with faucets since you get free money. Gambling with your money will only be profitable if you aim in the short run, however the risks are very high since this is gambling. If you want to earn in the long-term I suggest you invest in the house.

You are right , Not only a particular factor that is given by you but also there is the big reason , which is house edge profit ( that is probably made by the site script which cannot be cross by the user).
So we can't make this much amount of Profit only by gambling .

Well for some people that have a stingy luck a number of people don't include gambling as profiting method in getting bitcoin there are many methods out there that can actually get enough bitcoin to satisfy you not much but at least the amount wont let you hesitate to try! and not even the bitcoin method but there are other fiat currency profit you can do like online shopping you can surely post something on ebay to gain money if someone likes you products.

Topic: Can gambling be profitable in long term ? - page 87. (Read 112258 times)