Everyone looses in the long run - page 10.

just_Alice

hero member

Activity: 1274

Merit: 622

Quote from: puremage111 on February 10, 2017, 09:29:52 AM

Yeah especially the famous martingale

I Tried simulating

Even with very great odds to win

just 2% losing

Run for 100k run, it will be profitable

but run for a 500k run, end up making loss

Although I agree with the last sentence, I disagree with the previous one. No way it's guaranteed to win even 100k sats with a martingale strategy. I think you know that too, but a newbie might think it's possible to win constantly 100k with a martingale strategy and every time after winning just stop and withdraw. That's not actually how it is. Just yesterday I lost 300k in 5 minutes using my favorite martigale strategy, and I made no profit before that, I started losing from the very beginning.

crwth

copper member

Activity: 2940

Merit: 1280

https://linktr.ee/crwthopia

Quote from: puremage111 on February 10, 2017, 09:29:52 AM

Yeah especially the famous martingale

I Tried simulating

Even with very great odds to win

just 2% losing

Run for 100k run, it will be profitable

but run for a 500k run, end up making loss

The logic I'm thinking about when I gamble is that when you hit a certain a point in gambling, you will actually reach a point where you will lose lots of times. That's always for sure, but it's rare but it can happen. Just believe that you can and don't burn out the game because in time, you will burn it out and lose everything.

puremage111

hero member

Activity: 1568

Merit: 511

Yeah especially the famous martingale

I Tried simulating

Even with very great odds to win

just 2% losing

Run for 100k run, it will be profitable

but run for a 500k run, end up making loss

thisappointed

hero member

Activity: 616

Merit: 502

Quote from: tommorisonwebdesign on October 03, 2015, 03:44:21 PM

Quote from: dukeneptun on October 03, 2015, 03:34:23 PM

Everybody loses in gambling in the long run but some clever and successfull bettors can make their living from sport bets. It's like a profession. If you have great game plans and your discipline is at max, you can make a lot of money from betting. Don't mix your feelings when you bet.

Some people do not have that capacity. They end up borrowing/stealing money from their friends without telling them it's to go play poker. Some addicts destroy the lives of everyone around them, and I am I admit one of those people who may end up doing that. I won $3000 at a casino all at once one time and I thought it was a way to make money. Never hit that jackpot again since.

I agree with you, and also others are borrowing money from their friends saying that they will use it on something that is important, but the real thing is, they will just use it for gambling, some of the gamblers lies because they don't have money to use in gambling that is why they are doing everything whatever it takes just to have some. The worst case scenario is that they will stole money from someone, just like what you have said, and the other one is that, they are willing to kill people just to have money to be use in this addicting game.

bitllionaire

legendary

Activity: 1120

Merit: 1000

Quote from: Viscore on February 10, 2017, 02:05:31 AM

Quote from: EdenHazard on February 10, 2017, 01:32:06 AM

Quote from: crwth on February 06, 2017, 10:10:33 PM

Quote from: EdenHazard on February 06, 2017, 08:52:25 PM

Quote from: shulio on February 06, 2017, 06:35:38 PM

Quote from: Gameroid on February 06, 2017, 03:01:42 PM

but most of the people play gambling for making money and not for entertainment and they can only entertained in gambling if they are making money in gambling. but it is also a fact that majority of people lose money in gambling but still they continue their struggle to make money in gambling.

People wont be able to make any money in gambling for sure. I'll probably be the first one to be rich in gambling if I could be making money from it. I have been gamble alot and Im not rich for sure , the only way to make money is to only invest in a gambling sites that has top volume and the result is worth it

no i disagree with your opinion, you could make money in gambling it is just the mater of how much your chance. and the answer are there is very low chance for you to make it happen , you need a super lucky to leave gambling in the right time.

and ended up your career with a good amount to live in the rest of your life.

You could earn if you are not that greedy. Make sure that you can provide a healthy bankroll to start with and not be greedy when the time comes you need it. Bet proper amounts and withdraw small amounts, in the long run, you could win. There is no assurance in that if you just gamble and not making good decisions. Better be safe than sorry.

healthy bankroll you mean with larger bankroll? i don't think it was a good idea.

higher bankroll you bring in higher risk you take to lost the whole amount . why you have to do it when you can make low amount to the high when you are lucky enough right? better to lost small amount rather than take too big risk.

A gambler is not an idiot to raise a bigger bankroll if he does not believe in his capacity to win. Though it's possible to raise a big amount of bankroll, it's still important they we should not violate the principle of not to gamble what you can afford to lose. Those who can raise a good amount are people who considers gambling as their profession.

i think most of the people know about their capacity of winning money in gambling. they already know that they can lose money but still they want to continue. actually they do not accept their lost in gambling. may be there are some people who are even too good in gambling and making decent amount of money and therefore they consider it as their profession. but still there is too much risk in gambling because gambling mostly depend of your luck.

Mr. Big

global moderator

Activity: 2324

Merit: 1179

While my guitar gently weeps!!!

Quote from: Rinder on February 10, 2017, 07:43:47 AM

Sporting bets are an interesting market, but i dont see anyone being able to survice from those bets, in the general just few people able to live from gambling, and the most of them are casinos or dice owners. Gambling werent made to let you make money, and yes to turn into a cash machine to owners, anyway, its a fact you will loose in the long run, and you will try to recover, just be sure you arent wasting time and money.

That sums it up, only few people survive because of gambling, and mostly are owners/operators, investors, and few lucky people... But it doesn't mean that they don't lose any, they too suffer some losses on the way before they become successful, and everyday they are facing risks, but since it is part of them already, they thrive...

Rinder

hero member

Activity: 868

Merit: 500

Sporting bets are an interesting market, but i dont see anyone being able to survice from those bets, in the general just few people able to live from gambling, and the most of them are casinos or dice owners. Gambling werent made to let you make money, and yes to turn into a cash machine to owners, anyway, its a fact you will loose in the long run, and you will try to recover, just be sure you arent wasting time and money.

daringdiscovered

hero member

Activity: 700

Merit: 500

Quote from: TheUltraElite on February 10, 2017, 05:00:23 AM

Quote from: mcfom on February 10, 2017, 04:45:18 AM

Quote from: STT on February 10, 2017, 02:18:21 AM

People think its about higher bank roll because you just keep doubling until you win, a small bank roll runs out before his luck turns. Im not sure thats the best approach as you can just lose double each time though it should be increasingly unlikely

That's very risky practice if someone have mind like this with bigger bankroll and keep multiplying the bet amount would bring success to us. This called martingale strategy which have been proven failed long time so it's sure every body will lose in long term.

Martingale is probably the worst strategy - and to be honest its not even a strategy at all. It just based on some assumptions which in reality does not hold true. So in other words you are bound to end up with zero balance since the ideal situation does not exist.

In general if you keep playing on and on, hoping to recover all losses and get a green on the balance, better to stop gambling since that will never happen. Chasing losses only leads to more losses and hence it is fatal.

In martingale strategy you need a very big amount of bankroll to endure the losing streaks that will hit you until you win. And having a huge money on gambling is not easy for anyone to risk from it. No one can say if you can win even if you have a big bankroll on it. Gambling is a game of luck. Small or big bankroll, if you are lucky that time then you can win, if you're not then you will lose.

Botnake

hero member

Activity: 2856

Merit: 667

Quote from: TheUltraElite on February 10, 2017, 05:00:23 AM

Quote from: mcfom on February 10, 2017, 04:45:18 AM

Quote from: STT on February 10, 2017, 02:18:21 AM

People think its about higher bank roll because you just keep doubling until you win, a small bank roll runs out before his luck turns. Im not sure thats the best approach as you can just lose double each time though it should be increasingly unlikely

That's very risky practice if someone have mind like this with bigger bankroll and keep multiplying the bet amount would bring success to us. This called martingale strategy which have been proven failed long time so it's sure every body will lose in long term.

Martingale is probably the worst strategy - and to be honest its not even a strategy at all. It just based on some assumptions which in reality does not hold true. So in other words you are bound to end up with zero balance since the ideal situation does not exist.

In general if you keep playing on and on, hoping to recover all losses and get a green on the balance, better to stop gambling since that will never happen. Chasing losses only leads to more losses and hence it is fatal.

Not the worst, everyone has their own experience with that method, what makes it not working to us is because we are not doing it with discipline. We do not want to end up losing in a day which results to chasing without a specific target. In sports betting, I tried using that method and I succeeded. Definitely, my experience would prove it's not the worst one.

gabmen

hero member

Activity: 1246

Merit: 529

CryptoTalk.Org - Get Paid for every Post!

Quote from: mcfom on February 10, 2017, 04:45:18 AM

Quote from: STT on February 10, 2017, 02:18:21 AM

People think its about higher bank roll because you just keep doubling until you win, a small bank roll runs out before his luck turns. Im not sure thats the best approach as you can just lose double each time though it should be increasingly unlikely

That's very risky practice if someone have mind like this with bigger bankroll and keep multiplying the bet amount would bring success to us. This called martingale strategy which have been proven failed long time so it's sure every body will lose in long term.

Yeah that's right. You place yourself in a more delicate situation with that strategy to lose pretty much everything. Luck doesn't come all the time so i think you shouldn't have to wait when you get lucky. If you win a decent amount, stop for the day because if you continue to bet with it, it's almost certain that your winnings will be wasted

TheUltraElite

legendary

Activity: 2898

Merit: 1253

So anyway, I applied as a merit source :)

Quote from: mcfom on February 10, 2017, 04:45:18 AM

Quote from: STT on February 10, 2017, 02:18:21 AM

People think its about higher bank roll because you just keep doubling until you win, a small bank roll runs out before his luck turns. Im not sure thats the best approach as you can just lose double each time though it should be increasingly unlikely

That's very risky practice if someone have mind like this with bigger bankroll and keep multiplying the bet amount would bring success to us. This called martingale strategy which have been proven failed long time so it's sure every body will lose in long term.

Martingale is probably the worst strategy - and to be honest its not even a strategy at all. It just based on some assumptions which in reality does not hold true. So in other words you are bound to end up with zero balance since the ideal situation does not exist.

In general if you keep playing on and on, hoping to recover all losses and get a green on the balance, better to stop gambling since that will never happen. Chasing losses only leads to more losses and hence it is fatal.

Golftech

hero member

Activity: 2128

Merit: 520

Quote from: legendbtc on February 10, 2017, 02:56:48 AM

I hope gambling is for short term earning they won't provide any returns with your investment, even it won't have praise increase like bitcoin. Gambling is just a game you will make money when your guessing is correct other wise you will loose. No returns and No Guarantee.

"no returns and no guarantee ", that's right buddy its really hard to predict which way the bets will go but if you are jut doing it to make some fun and you are just doing it to spare your free time its better to treat it like that and just always remember rule number 1 always use only the money that you can afford to lose nothing in excess.

mcfom

legendary

Activity: 1260

Merit: 1001

Quote from: STT on February 10, 2017, 02:18:21 AM

People think its about higher bank roll because you just keep doubling until you win, a small bank roll runs out before his luck turns. Im not sure thats the best approach as you can just lose double each time though it should be increasingly unlikely

That's very risky practice if someone have mind like this with bigger bankroll and keep multiplying the bet amount would bring success to us. This called martingale strategy which have been proven failed long time so it's sure every body will lose in long term.

VeneVici

newbie

Activity: 50

Merit: 0

Quote from: ged00u on February 10, 2017, 03:49:19 AM

Quote from: diegz on February 10, 2017, 03:02:52 AM

Quote from: legendbtc on February 10, 2017, 02:56:48 AM

I hope gambling is for short term earning they won't provide any returns with your investment, even it won't have praise increase like bitcoin. Gambling is just a game you will make money when your guessing is correct other wise you will loose. No returns and No Guarantee.

It is not even qualified as way to earn even in short term. Nothing is certain in the outcome of gambling, therefore, it cannot be considered as way to earn a sure and steady income. Some gamblers still believe that gambling is like that, and that they are going to make money out of betting, and so they make it a daily habit and career to gamble each day, but in the end, they got nothing.

I agree with you. The more your gamble, you will realize how gambling is not the same as other types of making money. It is obvious that we always lose and it will be very hard for us to obtain money or Bitcoin from the casino. Many gamblers have tried their luck bu the result still remains zero. Just look around you, there are thousands of gambling addictors and most of them can not know how to escape from gambling

Making money in any way has an obvious risk, whether it's bigger or smaller but here it's all about luck.. you got a 50% chance of losing your money, so you should ALWAYS think before rolling the bet: are you ready for the loss? Do you want to risk it? Is it worth it, or you can go for less money?

ged00u

hero member

Activity: 770

Merit: 500

Quote from: diegz on February 10, 2017, 03:02:52 AM

Quote from: legendbtc on February 10, 2017, 02:56:48 AM

I hope gambling is for short term earning they won't provide any returns with your investment, even it won't have praise increase like bitcoin. Gambling is just a game you will make money when your guessing is correct other wise you will loose. No returns and No Guarantee.

It is not even qualified as way to earn even in short term. Nothing is certain in the outcome of gambling, therefore, it cannot be considered as way to earn a sure and steady income. Some gamblers still believe that gambling is like that, and that they are going to make money out of betting, and so they make it a daily habit and career to gamble each day, but in the end, they got nothing.

I agree with you. The more your gamble, you will realize how gambling is not the same as other types of making money. It is obvious that we always lose and it will be very hard for us to obtain money or Bitcoin from the casino. Many gamblers have tried their luck bu the result still remains zero. Just look around you, there are thousands of gambling addictors and most of them can not know how to escape from gambling

conected

hero member

Activity: 1302

Merit: 503

Quote from: Fireblade on February 10, 2017, 12:37:46 AM

Quote from: fullypak on February 09, 2017, 02:05:38 PM

Quote from: marcuslong on February 09, 2017, 11:11:31 AM

Quote from: rozee on February 08, 2017, 09:12:27 PM

some of us get this experience that we will lose when play gambling in the long run, but i don't know why? honestly i have got this experience too maybe its because of our greed in the short run i get some profits although its small but in the long run i play with some strategy still get losses

Not everyone experience this kind of looses in the long run some of them are enjoying the game and enjoying the money they get from the gambling yes i already experience this kind of winning in the long run but suddenly when im get tired playing trying to all in and then lose them in one shot. I blame my self not to withdraw it by i enjoy playing on gambling.

It's called greedy, people will make long run win, but they don't know what the right time to stop play and withdraw their winnings is. That is why this long run will always lose for everyone. You expected more profit and made all in and end up with the loss. Don't get excited when you are in the long run win. It will make you lose in next bets.

in fact gambling also need some strategy and planning, if a person is playing gambling without any strategy and planning then surely their chance of losing money is more that those people who are playing gambling with a planning and strategy, and they strickly follow their strategy and planning. for example i have limit for playing gambling and i reach to that pint i stop gambling any more although it is very difficult to control myself some time bu still i try best and which protect me from such big lost.

- Yes, we need to set limits while gambling. It helps us reduce the risk of bankruptcy and created for us a good habit while playing
- Time is a factor that also affects our mood, we often impatient and uncomfortable after playing for a long time, and then we will bet big and the result is that we lose all. Because we are too greedy and not satisfied with the money win. We need to learn to manage emotions, and relax, rest, eat when tired, that would be very good for us

diegz

hero member

Activity: 798

Merit: 500

★YoBit.Net★ 350+ Coins Exchange & Dice

Quote from: legendbtc on February 10, 2017, 02:56:48 AM

I hope gambling is for short term earning they won't provide any returns with your investment, even it won't have praise increase like bitcoin. Gambling is just a game you will make money when your guessing is correct other wise you will loose. No returns and No Guarantee.

It is not even qualified as way to earn even in short term. Nothing is certain in the outcome of gambling, therefore, it cannot be considered as way to earn a sure and steady income. Some gamblers still believe that gambling is like that, and that they are going to make money out of betting, and so they make it a daily habit and career to gamble each day, but in the end, they got nothing.

legendbtc

hero member

Activity: 1288

Merit: 508

Leading Crypto Sports Betting & Casino Platform

I hope gambling is for short term earning they won't provide any returns with your investment, even it won't have praise increase like bitcoin. Gambling is just a game you will make money when your guessing is correct other wise you will loose. No returns and No Guarantee.

STT

legendary

Activity: 4102

Merit: 1454

People think its about higher bank roll because you just keep doubling until you win, a small bank roll runs out before his luck turns. Im not sure thats the best approach as you can just lose double each time though it should be increasingly unlikely

Viscore

hero member

Activity: 3178

Merit: 661

Live with peace and enjoy life!

Quote from: EdenHazard on February 10, 2017, 01:32:06 AM

Quote from: crwth on February 06, 2017, 10:10:33 PM

Quote from: EdenHazard on February 06, 2017, 08:52:25 PM

Quote from: shulio on February 06, 2017, 06:35:38 PM

Quote from: Gameroid on February 06, 2017, 03:01:42 PM

but most of the people play gambling for making money and not for entertainment and they can only entertained in gambling if they are making money in gambling. but it is also a fact that majority of people lose money in gambling but still they continue their struggle to make money in gambling.

People wont be able to make any money in gambling for sure. I'll probably be the first one to be rich in gambling if I could be making money from it. I have been gamble alot and Im not rich for sure , the only way to make money is to only invest in a gambling sites that has top volume and the result is worth it

no i disagree with your opinion, you could make money in gambling it is just the mater of how much your chance. and the answer are there is very low chance for you to make it happen , you need a super lucky to leave gambling in the right time.

and ended up your career with a good amount to live in the rest of your life.

You could earn if you are not that greedy. Make sure that you can provide a healthy bankroll to start with and not be greedy when the time comes you need it. Bet proper amounts and withdraw small amounts, in the long run, you could win. There is no assurance in that if you just gamble and not making good decisions. Better be safe than sorry.

healthy bankroll you mean with larger bankroll? i don't think it was a good idea.

higher bankroll you bring in higher risk you take to lost the whole amount . why you have to do it when you can make low amount to the high when you are lucky enough right? better to lost small amount rather than take too big risk.

A gambler is not an idiot to raise a bigger bankroll if he does not believe in his capacity to win. Though it's possible to raise a big amount of bankroll, it's still important they we should not violate the principle of not to gamble what you can afford to lose. Those who can raise a good amount are people who considers gambling as their profession.

Topic: Everyone looses in the long run - page 10. (Read 96775 times)