Everyone looses in the long run - page 111.

YuginKadoya

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Quote from: lite on January 17, 2016, 08:07:19 AM

Quote from: Epicnicity on January 17, 2016, 07:47:22 AM

People who gamble on a regular basis do lose in the long run.
There's no way you're going to win more than that you are losing

People who don't regularly gamble also lose in long run and i think i'm irregular/occasional gambler. there's no difference between regular/occasional gambler once you got bad luck you'll lose.

Yup! as long as there are gamblers there will be losses and I think the more losses that will make if you play it in the long run! because sometimes gambling sites has bigger house edge but here at betking we had the lowest house edge Grin

lite

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Quote from: Epicnicity on January 17, 2016, 07:47:22 AM

People who gamble on a regular basis do lose in the long run.
There's no way you're going to win more than that you are losing

People who don't regularly gamble also lose in long run and i think i'm irregular/occasional gambler. there's no difference between regular/occasional gambler once you got bad luck you'll lose.

Epicnicity

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People who gamble on a regular basis do lose in the long run.
There's no way you're going to win more than that you are losing

Buziss

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Quote from: Daijess on January 17, 2016, 07:30:16 AM

Quote from: smho_16 on January 16, 2016, 06:20:25 AM

Not 100% correct....but I really agree this statement

It is 100% with 1% house edge on 100 bet you already lose 1 bet without betting .

It looks to me that you have misunderstood the idea of "expected value". If you wager 1 btc, you will have an EV of -0.01 btc with 1% house edge. It means people doing this will have a loss of 0.01 btc on average. It doesn't mean you will for sure lose 0.01 btc, and it doesn't mean you will lose your money after wagering 100x for sure.

acquafredda

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Yesterday I made some nice profit thanks to a perfect parlay. I think that get to know a league and some teams it's the best step to start a good gambling experience with sports

Daijess

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Quote from: smho_16 on January 16, 2016, 06:20:25 AM

Not 100% correct....but I really agree this statement

It is 100% with 1% house edge on 100 bet you already lose 1 bet without betting .

adaseb

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Quote from: DiscoverCebu on January 16, 2016, 07:15:49 AM

Quote from: BitMaxz on January 16, 2016, 07:09:16 AM

I think not everyone can be lose in the long run like in live poker some people can win on this kind of game and it needs patience
To make profit with your capital and its depends of your base skills...

Change of terms(house edge to fee) doesn't necessarily mean that you will always win. The casino takes a small rakeback which being similar to house edge will cause you to lose if you keep playing.

Yeah there is pretty much no difference in the end. In either way, your enemy is pretty much how many rolls you take before cashing out.

tolikkk

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many to hear that there are professional players, but to advise lay people that many have given and what you need with the skill set to start or play not much and not often enough by a few minutes a day and realizing that in some ways it works, and that a long play with no interest some interest and that there are negative consequences that are not directly associated with this fault of the games themselves, but not conscious , but unconsciously perceived context of the personality, which is different, but I think in most cases, negative experience , although, but the blunting of instincts nothing better to do, I think stupidity and a high probability of a large negativities

nejibens

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everyone looses with gambling in the long run, that's a true fact. So just try stay away from such schemes and keep your coins safe because gambling is a risky method

phreaky

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It doesn't matter how good you are, everyone will lose in the long run.
The statement is true, too true. But yet it's sad to see so many people are still losing.

Hellacopter

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Quote from: Farma on January 16, 2016, 12:41:42 PM

I agree with that, I think everyone who gamble can be lost for a long time, not because no luck but indeed the site is designed to make us feel attracted so many people that even always lose, always playing

There is no guaranteed earning in the gambling and casino sites usually, it's always depending on luck and really very risky. So just gamble for fun if you have to gamble or just keep your coins instead of spending it in the risky methods

Farma

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I agree with that, I think everyone who gamble can be lost for a long time, not because no luck but indeed the site is designed to make us feel attracted so many people that even always lose, always playing

notaek

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Not every gambler generally loses their bankroll in the long run. People that make a living in casinos do so by creating a statistical advantage over the house.

In poker there is a rake (which gives the house an overall advantage), but since you are playing against other people and not the house, you can overcome that edge with your strategic skills.

In blackjack, a player can count cards (if he is playing from the beginning) and create a statistical advantage over the house.

People in sports betting can create a statistical advantage by being better at setting lines on the people who make the lines for casino sportsbook, and making positive expectation bets when the lines are in their favor.

In craps, a player can throw the dice in a certain way that can create a statistical advantage for the player. There are also people who "grind out" small wins at craps by making high percentage bets (mostly they don't pass the line). While they do not technically have an advantage over the house, the edge is so small that when combined with casino comps and proper money management, they can come out ahead in the long run.

In case of video poker as well as Roulette, you'll generally lose in long run as it is purely a prediction type game and house edge is huge.

HarizDB

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The statement is true for the majority of people. The ones who does lose, are the ones who are naive, and ho doesn't know how, why and when to stop playing further. As long as you have some knowledge about he game your playing, and have a strategy, you'll have the ability to make money in the long run. I don't have a clue how to play Poker or BlackJack, that's a reason why I'm not playing it.

pocarime32

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I'm agree too with that statement. Everyone loses in the long run, but i think it's only effect on casino that have provably fair. like dice sites, blackjack and etc. for sportsbook i think long run is fine in the long run.

DiscoverCebu

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Quote from: BitMaxz on January 16, 2016, 07:09:16 AM

I think not everyone can be lose in the long run like in live poker some people can win on this kind of game and it needs patience
To make profit with your capital and its depends of your base skills...

Change of terms(house edge to fee) doesn't necessarily mean that you will always win. The casino takes a small rakeback which being similar to house edge will cause you to lose if you keep playing.

BitMaxz

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Quote from: DomesticTrader on January 15, 2016, 08:07:17 AM

True playing in long term with gambling you will always lose.
Is difficult to earn your money back in just one day or long term.

I think not everyone can be lose in the long run like in live poker some people can win on this kind of game and it needs patience
To make profit with your capital and its depends of your base skills...

smho_16

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Not 100% correct....but I really agree this statement

titibach

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Quote from: krunox123 on January 16, 2016, 05:17:47 AM

Quote from: futurebit640 on January 16, 2016, 04:48:12 AM

If I'm not wrong, if you gamble for long time whether thinking or without thinking one will surely lose money in gambling because of house edge because there is no strategy to win against house edge.

So it is better to avoid gamble every day and play only sometimes. I do betting in sports some times and I chose some games to bet.

I'm pretty sure most of the time people who gamble will not think the consequences because all they want is just the profit. No offense.

One more thing is when people gamble they dont know at what time the best for them to stop play.

Eg: You win 2 BTC and when that greedy thing comes, they think why stop at 2 BTC when they can double it to 4 BTC and more rich

krunox123

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I don't bite.

Quote from: futurebit640 on January 16, 2016, 04:48:12 AM

If I'm not wrong, if you gamble for long time whether thinking or without thinking one will surely lose money in gambling because of house edge because there is no strategy to win against house edge.

So it is better to avoid gamble every day and play only sometimes. I do betting in sports some times and I chose some games to bet.

I'm pretty sure most of the time people who gamble will not think the consequences because all they want is just the profit. No offense.

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