Can gambling be profitable in long term ? - page 98.

error08

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Quote from: arwin100 on November 06, 2016, 06:28:27 AM

Quote from: numanoid on November 06, 2016, 05:28:19 AM

Quote from: xSkylarx on November 06, 2016, 04:30:24 AM

If you have discipline in gambling then it would be really profitable in the long term. But if you don't have discipline you'll just lose in the long term and that would not be good because you are already addicted in gambling. Only those who have discipline in gambling gets a profit.

what disipline you mean? are we must set a goal/target before we gamble and stop immediately when we reached that? or we must stop when we're lossing some of our money (not being greedy)? I think that's can't make sure too we'll always getting profit (remember house edge)

Maybe he mean that thing but actually in real situation there's still no gaurantee that we can still earn if we beholf that mindset since it was still a game of chances, actually house edge is the main killer for the gamblers and it will kill the luck of the people if they started to win on those, so as my experience if we are on the gambling scene even if we do some scientific mindset of gambling still the chances for us to win is still on 50/50.

Yeah, what discipline? It can't make you get long term profits. be profitable or loss are depends on how you play, what kind of game you choose, and your luck. Statistically, more people loss than who gets profits, but I know friend here who earn long term profits by doing sports betting.

8Habits

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Quote from: Japinat on November 07, 2016, 12:17:43 AM

Quote from: 8Habits on November 06, 2016, 11:35:24 PM

Quote from: arseaboy on November 06, 2016, 11:25:32 AM

Quote from: anonbit992 on November 06, 2016, 09:33:20 AM

Don't gamble if you want to make money. Gambling should be done for the sake of getting entertained. Winning or losing is part of the game and if you loose your cash, it is the price you have to pay.
If by any chance you wish to make money, I suggest you deposit money or lend to a casino and get interest from them. Other than this, any strategy to beat the house in the long term is doomed to fail.

Try investing your money in a different way like trading, lending, etc. Rather than gamble your bitcoin just to lose it all in the long run. It's not advisable to gamble not if you just want to be entertained by the games in casinos.

That is correct! Gambling is not investing. Investing deals with calculated decision to reach your profit at the end of the day. In gambling, you can't easily control to reach your profit goal for the day unless you are very lucky enough and is a professional gambler. If you are just new to gambling, I would suggest that you just play for fun and entertainment and if it is no longer fun at all, better stop immediately!

It's investing if you will put your money in the bankroll of a certain gambling sites that accepts investment but other than that it's a complete gambling where we will only make money when we are lucky and we have skills on what type of gambling we are focus.

That is correct. Investing is only when you invest your money to these online casino that accepts investors to their gambling sites, period. If you however, gamble to that online casino, you are not investing and you are just gambling, period. Investing and gambling is not the same. The former may make you money at lower risk while the latter is very risky.

digaran

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I guess you can consider investing in gambling sites and expect profit for long term if they are trusted and sustainable for long period of time, but if gambling for long term profit a big NO.

Gambling has always been considered a quick way of either winning or losing and also in large bets because one says I go all in or nothing

.

Japinat

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Quote from: 8Habits on November 06, 2016, 11:35:24 PM

Quote from: arseaboy on November 06, 2016, 11:25:32 AM

Quote from: anonbit992 on November 06, 2016, 09:33:20 AM

Don't gamble if you want to make money. Gambling should be done for the sake of getting entertained. Winning or losing is part of the game and if you loose your cash, it is the price you have to pay.
If by any chance you wish to make money, I suggest you deposit money or lend to a casino and get interest from them. Other than this, any strategy to beat the house in the long term is doomed to fail.

Try investing your money in a different way like trading, lending, etc. Rather than gamble your bitcoin just to lose it all in the long run. It's not advisable to gamble not if you just want to be entertained by the games in casinos.

That is correct! Gambling is not investing. Investing deals with calculated decision to reach your profit at the end of the day. In gambling, you can't easily control to reach your profit goal for the day unless you are very lucky enough and is a professional gambler. If you are just new to gambling, I would suggest that you just play for fun and entertainment and if it is no longer fun at all, better stop immediately!

It's investing if you will put your money in the bankroll of a certain gambling sites that accepts investment but other than that it's a complete gambling where we will only make money when we are lucky and we have skills on what type of gambling we are focus.

8Habits

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Quote from: arseaboy on November 06, 2016, 11:25:32 AM

Quote from: anonbit992 on November 06, 2016, 09:33:20 AM

Don't gamble if you want to make money. Gambling should be done for the sake of getting entertained. Winning or losing is part of the game and if you loose your cash, it is the price you have to pay.
If by any chance you wish to make money, I suggest you deposit money or lend to a casino and get interest from them. Other than this, any strategy to beat the house in the long term is doomed to fail.

Try investing your money in a different way like trading, lending, etc. Rather than gamble your bitcoin just to lose it all in the long run. It's not advisable to gamble not if you just want to be entertained by the games in casinos.

That is correct! Gambling is not investing. Investing deals with calculated decision to reach your profit at the end of the day. In gambling, you can't easily control to reach your profit goal for the day unless you are very lucky enough and is a professional gambler. If you are just new to gambling, I would suggest that you just play for fun and entertainment and if it is no longer fun at all, better stop immediately!

arseaboy

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Quote from: anonbit992 on November 06, 2016, 09:33:20 AM

Don't gamble if you want to make money. Gambling should be done for the sake of getting entertained. Winning or losing is part of the game and if you loose your cash, it is the price you have to pay.
If by any chance you wish to make money, I suggest you deposit money or lend to a casino and get interest from them. Other than this, any strategy to beat the house in the long term is doomed to fail.

Try investing your money in a different way like trading, lending, etc. Rather than gamble your bitcoin just to lose it all in the long run. It's not advisable to gamble not if you just want to be entertained by the games in casinos.

mace15

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Definitely no, gambling cannot be profitable in the long run. When you
play in gambling site, dont think you can earn big, gambling is a
lucky game. Those who played it just claim is for fun nor to entertain
only. Gambling made to get lose, because in my case I lose much
in btc when Ive tried gambling. Thus its a luck.

anonbit992

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Don't gamble if you want to make money. Gambling should be done for the sake of getting entertained. Winning or losing is part of the game and if you loose your cash, it is the price you have to pay.
If by any chance you wish to make money, I suggest you deposit money or lend to a casino and get interest from them. Other than this, any strategy to beat the house in the long term is doomed to fail.

virasisog

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Quote from: cryptworld on November 06, 2016, 08:36:50 AM

NO Gaming cannot be profitable in long term and this is why. Most games are created in that way that house(casino,betting site whatever... ) have higher odds in order to win than you. Lets look at simple example. Roulette. If you play only with colors (Red,Black) you think you have 50-50 chances of winning right ? Well no, there is green. This principle is also true for other games like blakjack for example(second delaer card is not shown)

That is gambling so those features are there we cant complain aboit it what we played is mostly had been programmed by the owner of gambling site .So the thing is if you win more than you lose before or you gain back your money thats it stop gambling and dont make it in tge long run it have a higher chance to lose again.

amacar2

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Quote from: xSkylarx on November 06, 2016, 04:30:24 AM

If you have discipline in gambling then it would be really profitable in the long term. But if you don't have discipline you'll just lose in the long term and that would not be good because you are already addicted in gambling. Only those who have discipline in gambling gets a profit.

I don't think discipline can effect wining much and luck is the most important factor affecting our wining. Without luck no any discipline, strategy, calmness can make us win constant profit on gambling. As well as it is quite hard to stop gambling even after winning good amount being lucky that will cause us to loss whatever we have won previously.

Owner of gambling site/casino = house always wins
Users trying to be rich playing = always loss on last.

cryptworld

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NO Gaming cannot be profitable in long term and this is why. Most games are created in that way that house(casino,betting site whatever... ) have higher odds in order to win than you. Lets look at simple example. Roulette. If you play only with colors (Red,Black) you think you have 50-50 chances of winning right ? Well no, there is green. This principle is also true for other games like blakjack for example(second delaer card is not shown)

rozee

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i think gambling profitable is only for the owners
but for players like us i think its depend on lucky
if we get more wins than losses we will get profits if no we will busted
and like me i always get busted if playing on long run

Wandering Soul~

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Quote from: xSkylarx on November 06, 2016, 04:30:24 AM

If you have discipline in gambling then it would be really profitable in the long term. But if you don't have discipline you'll just lose in the long term and that would not be good because you are already addicted in gambling. Only those who have discipline in gambling gets a profit.

Gambling is not profitable unless you are an investor or the owner itself. The discipline you're talking about is it the self-control stuffs? If yes, then it doesn't guarantee that gambling will be profitable, It is just a safe way of gambling in other words it will only prevent you from losing lots of money.

arwin100

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Quote from: numanoid on November 06, 2016, 05:28:19 AM

Quote from: xSkylarx on November 06, 2016, 04:30:24 AM

If you have discipline in gambling then it would be really profitable in the long term. But if you don't have discipline you'll just lose in the long term and that would not be good because you are already addicted in gambling. Only those who have discipline in gambling gets a profit.

what disipline you mean? are we must set a goal/target before we gamble and stop immediately when we reached that? or we must stop when we're lossing some of our money (not being greedy)? I think that's can't make sure too we'll always getting profit (remember house edge)

Maybe he mean that thing but actually in real situation there's still no gaurantee that we can still earn if we beholf that mindset since it was still a game of chances, actually house edge is the main killer for the gamblers and it will kill the luck of the people if they started to win on those, so as my experience if we are on the gambling scene even if we do some scientific mindset of gambling still the chances for us to win is still on 50/50.

numanoid

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Quote from: xSkylarx on November 06, 2016, 04:30:24 AM

If you have discipline in gambling then it would be really profitable in the long term. But if you don't have discipline you'll just lose in the long term and that would not be good because you are already addicted in gambling. Only those who have discipline in gambling gets a profit.

what disipline you mean? are we must set a goal/target before we gamble and stop immediately when we reached that? or we must stop when we're lossing some of our money (not being greedy)? I think that's can't make sure too we'll always getting profit (remember house edge)

xSkylarx

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If you have discipline in gambling then it would be really profitable in the long term. But if you don't have discipline you'll just lose in the long term and that would not be good because you are already addicted in gambling. Only those who have discipline in gambling gets a profit.

ethereumhunter

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Quote from: mrkevio on November 05, 2016, 05:38:16 PM

Quote from: skyway1 on November 05, 2016, 03:30:25 PM

i think gambling is not profitable for long term because lose of your money is the main part of any gambling and i think anyone can not get a big profit from gambling so gambling can not be profitable.

Gambling is profitable for the lucky, chosen ones. There are rich people who got money only out of gambling.. they only needed the luck that we've got in everything else. Maybe we will be able to conduct a business that will work even better than gambling.

no matter in long term or short term as long as that person is lucky guy then when he playing gambling, that person is always get win. and this is the important thing when we want to make gambling as profitable for the long term.

fllipperr

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No that is not true. I think that it is always bad to do. Or you just must lucky but that happens not so fast.
I think you will lose always more money than you put your money in. It is not good to gamble.

MinerHQ

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Quote from: pooya87 on November 06, 2016, 01:36:40 AM

Quote from: Dr.Osh on November 05, 2016, 08:18:34 PM

Quote from: mrkevio on November 05, 2016, 05:38:16 PM

Quote from: skyway1 on November 05, 2016, 03:30:25 PM

i think gambling is not profitable for long term because lose of your money is the main part of any gambling and i think anyone can not get a big profit from gambling so gambling can not be profitable.

Gambling is profitable for the lucky, chosen ones. There are rich people who got money only out of gambling.. they only needed the luck that we've got in everything else. Maybe we will be able to conduct a business that will work even better than gambling.

correct. very difficult to make a profit within a pangjang in cockfights. mostly because of gambling is a bet on luck, even when you have a very good plan, if you're not lucky, then everything will be in vain. if you want to profit in the long run, perhaps the investment is a good way

those games like cockfights are mostly for the fun and the enthusiastic energy that there is in the fights and i believe it is illegal in so many countries to do it which makes it more fun because of the risks of it. but it is never profitable and especially not in the long run because it is a stupid luck based game which has no way of finding out how to bet to win.

Yup, the cockfight is an illegal game in many countries, But in my country some festival time, small village people will organise this cockfight event. It looks very entertainment and also very exaiting. We can not predict this game. So it purely depends on your Luck. And if we have luck then only we can make long run win gambling.

pooya87

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Quote from: Dr.Osh on November 05, 2016, 08:18:34 PM

Quote from: mrkevio on November 05, 2016, 05:38:16 PM

Quote from: skyway1 on November 05, 2016, 03:30:25 PM

i think gambling is not profitable for long term because lose of your money is the main part of any gambling and i think anyone can not get a big profit from gambling so gambling can not be profitable.

Gambling is profitable for the lucky, chosen ones. There are rich people who got money only out of gambling.. they only needed the luck that we've got in everything else. Maybe we will be able to conduct a business that will work even better than gambling.

correct. very difficult to make a profit within a pangjang in cockfights. mostly because of gambling is a bet on luck, even when you have a very good plan, if you're not lucky, then everything will be in vain. if you want to profit in the long run, perhaps the investment is a good way

those games like cockfights are mostly for the fun and the enthusiastic energy that there is in the fights and i believe it is illegal in so many countries to do it which makes it more fun because of the risks of it. but it is never profitable and especially not in the long run because it is a stupid luck based game which has no way of finding out how to bet to win.

Topic: Can gambling be profitable in long term ? - page 98. (Read 112258 times)