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Topic: Everyone looses in the long run - page 107. (Read 96777 times)

hero member
Activity: 882
Merit: 500
April 30, 2016, 03:54:01 AM
True, very true lol.
U will lose in the end
legendary
Activity: 1106
Merit: 1000
April 30, 2016, 03:50:03 AM
Thats the sad destiny of anyone who thinks he can beat the house in the long run, unfortunately no one can beat the house in the long run as they have the house edge, which in the long run it will come into play and making the gambler lose. There are very few lucky people called a whale who can be lucky and win a big jackpot, this percentage is less than 0.001% unfortunately. No official statistic just my thought.

that's true, it has already been proven by time. nobody can beat the house in the long run because it is not possible, maybe it happens once but that would be dumb luck and that is something none repetitive. history shows that all these casinos (the house) are profiting which means people are losing!
That is why casinos are making more money because many gamblers loses a lot. They can lose any time a huge amount of money. Usually the rich when into gambling they bet huge amount and lose that eventually then you could tell that the house or gambling sites/establishment is making a lot of money at a short time.
legendary
Activity: 1946
Merit: 1137
April 30, 2016, 01:52:58 AM
Thats the sad destiny of anyone who thinks he can beat the house in the long run, unfortunately no one can beat the house in the long run as they have the house edge, which in the long run it will come into play and making the gambler lose. There are very few lucky people called a whale who can be lucky and win a big jackpot, this percentage is less than 0.001% unfortunately. No official statistic just my thought.

that's true, it has already been proven by time. nobody can beat the house in the long run because it is not possible, maybe it happens once but that would be dumb luck and that is something none repetitive. history shows that all these casinos (the house) are profiting which means people are losing!
sr. member
Activity: 420
Merit: 250
April 30, 2016, 01:36:55 AM
Thats the sad destiny of anyone who thinks he can beat the house in the long run, unfortunately no one can beat the house in the long run as they have the house edge, which in the long run it will come into play and making the gambler lose. There are very few lucky people called a whale who can be lucky and win a big jackpot, this percentage is less than 0.001% unfortunately. No official statistic just my thought.
legendary
Activity: 1092
Merit: 1000
https://trueflip.io/
April 30, 2016, 01:32:01 AM
Well, gambling have a high chance to lose all your money, so we cannot deny that in the long run you also have to lose. The best way to have profits is to play and get profit at your beginning of play.
You simple mean that we should not play in gambling longer. The longer we play the more chances we lose. I don't believe that everyone losses in the long run cause there are smart gamblers who make a living from gambling. Majority losses maybe but not everyone.
sr. member
Activity: 574
Merit: 255
April 29, 2016, 09:45:13 PM
Well, gambling have a high chance to lose all your money, so we cannot deny that in the long run you also have to lose. The best way to have profits is to play and get profit at your beginning of play.
legendary
Activity: 1092
Merit: 1000
April 29, 2016, 09:42:20 PM
I do realize that gambling will lead me to the poverty but frankly I cant stop it now. I dont know what was happen with me. Sure, everyone will end up in lossing if he continued gambling activity. There are a bunch of example from people near us. A lot of my friends already stopped this activity due to they had nothing right now. My conclusion is eveybody will lose in the long run. Thats why all religions arent allowed this activity and a lot of goverment around the world marked this activity as illegal.

Yes, what you said is very correct. This habit is very dangerous for any one so if possible don't start it. If you already addicted to this online gambling then you need to find some outdoor activities to keep yourself busy in your free time to avoid gambling. Also try to spend more time with your family and non gambling friends so that you can discuss non gambling topics.
legendary
Activity: 1092
Merit: 1000
https://trueflip.io/
April 29, 2016, 09:00:17 PM
gambling is only based on luck so all these topics that are about "everybody" losing or winning are all wrong. because they are trying to make a rule out of something that is not following any rules, LUCK.

so you cannot say "everybody" looses or wins in the long run because there may be somebody who has won in the long run because he was lucky.
Based on luck if you gamble on a dice sites or any gambling type that does not need a skills to win. Try to do it in sports betting so could win a lot if you can consistently pick winners, gambling in a sportsbook is exciting because of a different scenarios you see in a daily basis. Therefore if you don't want to get bored go for sports gambling and it is said that it is the only gambling form where you can win in the long run other that poker and blackjack.
legendary
Activity: 1134
Merit: 1010
BTC to the moon is inevitable...
April 29, 2016, 07:08:33 AM
gambling is only based on luck so all these topics that are about "everybody" losing or winning are all wrong. because they are trying to make a rule out of something that is not following any rules, LUCK.

so you cannot say "everybody" looses or wins in the long run because there may be somebody who has won in the long run because he was lucky.
legendary
Activity: 1904
Merit: 1000
April 29, 2016, 06:59:07 AM
I do realize that gambling will lead me to the poverty but frankly I cant stop it now. I dont know what was happen with me. Sure, everyone will end up in lossing if he continued gambling activity. There are a bunch of example from people near us. A lot of my friends already stopped this activity due to they had nothing right now. My conclusion is eveybody will lose in the long run. Thats why all religions arent allowed this activity and a lot of goverment around the world marked this activity as illegal.
legendary
Activity: 2310
Merit: 1035
Not your Keys, Not your Bitcoins
April 29, 2016, 06:53:34 AM
Yes, gambling on luck based games will get you "broke" in the long run but playing more skill based games like poker,blackjack,etc. could bring you profits in the long run. But of course you need strong strategies.
Many people think that sports betting is a form of gambling and as in other board games you will lose but in my oppinion sport betting is a way to win money by in-depth analysing of the matches. Of course in every match luck is involved too,but in very low percentages as the quality of a team&tactics will always "say it's word".
hero member
Activity: 966
Merit: 500
April 29, 2016, 06:48:23 AM
I think gambling is a game, winning and losing are part of that game. So in short run, or long run you will experience both things. I believe we can make profit in casino on long run, I think I have positive balance in gambling. People will need to learn how to gamble before they go to casino.


No, gambling is gambling, you will not profit in the long run as it is gambling, the winning chance is much smaller than losing...Whatever kind of gambling it is, chance of bankruptcy is very big than becoming a millionaire..
Yes , the chance to lose is higher than winning, 70% lose - 30% win
But still there are many peoples dare to try gambling
hero member
Activity: 798
Merit: 500
★YoBit.Net★ 350+ Coins Exchange & Dice
April 29, 2016, 06:39:06 AM
I think gambling is a game, winning and losing are part of that game. So in short run, or long run you will experience both things. I believe we can make profit in casino on long run, I think I have positive balance in gambling. People will need to learn how to gamble before they go to casino.


No, gambling is gambling, you will not profit in the long run as it is gambling, the winning chance is much smaller than losing...Whatever kind of gambling it is, chance of bankruptcy is very big than becoming a millionaire..
hero member
Activity: 1694
Merit: 502
★Bitvest.io★ Play Plinko or Invest!
April 29, 2016, 06:34:28 AM
I think gambling is a game, winning and losing are part of that game. So in short run, or long run you will experience both things. I believe we can make profit in casino on long run, I think I have positive balance in gambling. People will need to learn how to gamble before they go to casino.
legendary
Activity: 3024
Merit: 2148
April 29, 2016, 06:08:12 AM
the problem is that it does not work in this way. In order to prevent a whale to put pressure on the casino with their bankroll, so every bet will have a limit. This apply for both the real life casino or online casino. So even if you have a bigger bankroll than casino, because of this limit, you aint able to max your bankroll potential.

As I understand, bet limit protects casino from short term risk of high rolls, but it can't protect them from a player with bankroll 100-1000 times bigger than theirs.
hero member
Activity: 2464
Merit: 594
April 29, 2016, 06:01:11 AM
Exactly, most gamblers are looses in the long run. There is just a small chance to win other than lose, unless you have the luck then it is good for you. If you want to gamble make sure that you have the budget for it, the money that you can afford to lose. Don't do the things that you know you'll regret.
hero member
Activity: 1372
Merit: 503
April 29, 2016, 04:47:04 AM
the problem is that it does not work in this way. In order to prevent a whale to put pressure on the casino with their bankroll, so every bet will have a limit. This apply for both the real life casino or online casino. So even if you have a bigger bankroll than casino, because of this limit, you aint able to max your bankroll potential.
Yeah casino knew  that so they set a limit, where gamblers cant win always because they cant max their bet.
Everyone looses in the long run.
hero member
Activity: 882
Merit: 1000
April 29, 2016, 04:40:37 AM
You can also look at any casino and check their profits, they are always much bigger than house edges, because their bankroll is bigger than sum of players bankroll.

In fact, it is not that "always". You can see the Profit/EV ratio of the most popular dice sites on dicesites.com, and Bitdice and Safedice do have a ratio much lower than 100%.
hero member
Activity: 868
Merit: 1000
April 29, 2016, 04:34:08 AM
yes it is true.But we all die in the long run too btw  Roll Eyes
So gamble for fun, and never bet more than you can afford to lose and everything will be just fine.
If you ask me how much is that what one can afford to lose, I'd say if you are gambling once per month you can afford to lose around 5% of your monthly income, not more. Dont get greedy!
legendary
Activity: 1470
Merit: 1002
April 29, 2016, 04:27:53 AM
the problem is that it does not work in this way. In order to prevent a whale to put pressure on the casino with their bankroll, so every bet will have a limit. This apply for both the real life casino or online casino. So even if you have a bigger bankroll than casino, because of this limit, you aint able to max your bankroll potential.
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