Author

Topic: Everyone looses in the long run - page 113. (Read 96765 times)

hero member
Activity: 756
Merit: 500
I don't bite.
January 13, 2016, 11:17:49 AM
That is why you will only play in a short while and not in the long run, you will purposely lose in trying to get back what you have lose in the first place! that is how house edge works.
Yes, but a real gambler will always prefer to gamble in the long run because they believe they will win big amount of money.
legendary
Activity: 3374
Merit: 2198
I stand with Ukraine.
January 13, 2016, 11:00:18 AM
yes, of course everyone looses in a long run, house edge is there in casinos in order to make people to fail in gambling and give their all money to a casino owner, thats why i gamble only with small sums of money

I see this now after many hours of playig dices. Now I`m alos on small sums and some days I even play just with faucets. No more investing in dices for sure.
Poker is other thing I believe, but lets face it when u dont have luck u dont have it. Last night I lost several tournamets, can u believe with two ace`s, two kings and they kick me out on river.. Just crazy.
Long run on poker yes, long run on everything else is just a wast of money in my case.

Dice game really can give you 100% assurance you can keep in long of hours of playing that's why once you get a quite and decent profit from playing dice learn to get out there immediately.

Of course you are right but that's easier said than done. Many if not most of the gamblers getting a decent profit consider this as a sign you are having your "lucky day". "So why stop now?" - they think and continue gambling until they lose everything.
legendary
Activity: 2436
Merit: 1008
January 13, 2016, 10:38:33 AM
yes, of course everyone looses in a long run, house edge is there in casinos in order to make people to fail in gambling and give their all money to a casino owner, thats why i gamble only with small sums of money

I see this now after many hours of playig dices. Now I`m alos on small sums and some days I even play just with faucets. No more investing in dices for sure.
Poker is other thing I believe, but lets face it when u dont have luck u dont have it. Last night I lost several tournamets, can u believe with two ace`s, two kings and they kick me out on river.. Just crazy.
Long run on poker yes, long run on everything else is just a wast of money in my case.

Dice game really can give you 100% assurance you can keep in long of hours of playing that's why once you get a quite and decent profit from playing dice learn to get out there immediately.
legendary
Activity: 1344
Merit: 1000
January 13, 2016, 10:37:27 AM
yes, of course everyone looses in a long run, house edge is there in casinos in order to make people to fail in gambling and give their all money to a casino owner, thats why i gamble only with small sums of money

I see this now after many hours of playig dices. Now I`m alos on small sums and some days I even play just with faucets. No more investing in dices for sure.
Poker is other thing I believe, but lets face it when u dont have luck u dont have it. Last night I lost several tournamets, can u believe with two ace`s, two kings and they kick me out on river.. Just crazy.
Long run on poker yes, long run on everything else is just a wast of money in my case.

The house edge will make sure that the number will time you lose will exceed the number of time you win eventually. Even if you win now, you will return back your earnings plus some money to the casino after a while.
legendary
Activity: 3248
Merit: 1179
January 13, 2016, 09:50:52 AM
yes, of course everyone looses in a long run, house edge is there in casinos in order to make people to fail in gambling and give their all money to a casino owner, thats why i gamble only with small sums of money

I see this now after many hours of playig dices. Now I`m alos on small sums and some days I even play just with faucets. No more investing in dices for sure.
Poker is other thing I believe, but lets face it when u dont have luck u dont have it. Last night I lost several tournamets, can u believe with two ace`s, two kings and they kick me out on river.. Just crazy.
Long run on poker yes, long run on everything else is just a wast of money in my case.
legendary
Activity: 3038
Merit: 1169
January 13, 2016, 09:23:28 AM
I strongly agree with you. Gambling should only be considered as entertainment.
You will always lose in the long run because the house is the one who always win in the long run.

That is why you will only play in a short while and not in the long run, you will purposely lose in trying to get back what you have lose in the first place! that is how house edge works.
hero member
Activity: 756
Merit: 500
I don't bite.
January 13, 2016, 06:05:55 AM
I strongly agree with you. Gambling should only be considered as entertainment.
You will always lose in the long run because the house is the one who always win in the long run.
legendary
Activity: 2436
Merit: 1008
January 13, 2016, 05:44:09 AM
You can win in the long run.

Just avoid those house edge games.

There are lots of strategy based games where you can apply skills and there's also a sport betting type of gambling which is much thrilling than those house edge type of games.
legendary
Activity: 1162
Merit: 1001
January 13, 2016, 04:50:11 AM
yes, of course everyone looses in a long run, house edge is there in casinos in order to make people to fail in gambling and give their all money to a casino owner, thats why i gamble only with small sums of money

No house edge in Poker and sports betting. But house edge is designed to gave the Casino a probability advantage. People could get lucky and beat that probability in the short  term.
sr. member
Activity: 241
Merit: 250
January 13, 2016, 02:15:44 AM
To me yes since there is house edge

Most casino have about 1-2% house edge

and not to mention the video game lol .
legendary
Activity: 1708
Merit: 1006
January 13, 2016, 02:06:45 AM
What is loosing anyway? When you started to bet a loose even a single Satoshi do we consider that as a loss or not? As long as I feel good or happy about gambling I don't consider my actual loss as a loss because I won in a way that it entertained me even for such a short period of time.
hero member
Activity: 700
Merit: 500
January 06, 2016, 04:27:50 AM
yes, of course everyone looses in a long run, house edge is there in casinos in order to make people to fail in gambling and give their all money to a casino owner, thats why i gamble only with small sums of money

There will be no way they make something like that. If all people are always losing so their site would not hold longer enough. All of their games are depends on your luck though so you will see that someone could even win the jackpot. This is because they keep on trying and on that day his luck is with him so he will definitely hit the jackpot. You are wrong if you keep on saying that everyone is always lose when they are gambling

Yes, both online gambling and real gambling houses usually behave different users in different way only. This way we can understand their games are not programmed in a single motivation. If they do not allow some people to make some profits, then they can not run their business in long run.
The slots and else are programmed and i guess more edge is in the offline one's.But there are people who win and there are people who lose ,just saying you will only lose or only win is not of sense.There are many wins for the promotion or popularity sake.
legendary
Activity: 1554
Merit: 1054
January 06, 2016, 01:30:00 AM
yes, of course everyone looses in a long run, house edge is there in casinos in order to make people to fail in gambling and give their all money to a casino owner, thats why i gamble only with small sums of money

There will be no way they make something like that. If all people are always losing so their site would not hold longer enough. All of their games are depends on your luck though so you will see that someone could even win the jackpot. This is because they keep on trying and on that day his luck is with him so he will definitely hit the jackpot. You are wrong if you keep on saying that everyone is always lose when they are gambling

Yes, both online gambling and real gambling houses usually behave different users in different way only. This way we can understand their games are not programmed in a single motivation. If they do not allow some people to make some profits, then they can not run their business in long run.
legendary
Activity: 1078
Merit: 1000
January 05, 2016, 11:34:15 PM
yes, of course everyone looses in a long run, house edge is there in casinos in order to make people to fail in gambling and give their all money to a casino owner, thats why i gamble only with small sums of money

There will be no way they make something like that. If all people are always losing so their site would not hold longer enough. All of their games are depends on your luck though so you will see that someone could even win the jackpot. This is because they keep on trying and on that day his luck is with him so he will definitely hit the jackpot. You are wrong if you keep on saying that everyone is always lose when they are gambling
sr. member
Activity: 252
Merit: 250
January 05, 2016, 06:13:46 PM
yes, of course everyone looses in a long run, house edge is there in casinos in order to make people to fail in gambling and give their all money to a casino owner, thats why i gamble only with small sums of money
hero member
Activity: 840
Merit: 1000
January 05, 2016, 05:21:26 PM
The house is surely in for the win but there are always people who overcome them and take the huge profits unexpectedly.
https://bitcointalksearch.org/topic/please-close-this-1315396

I believe that is what is called as variances, sometimes this variances could be a bitch because apart from all those have small losses combined then there will be always someone who won big alone thus breaking the house apart but in the end it will even out because there will be another player that lost as well
hero member
Activity: 840
Merit: 509
January 05, 2016, 06:03:43 AM
Well you could say "Everyone looses in the long run" about life... but not everyone does lose in the long run with gambling. Most do but I've known gamblers who make a living gambling and are very much in profit and I've also known people who have lost thousands and will never recoup their loses. I also know many people who just gamble a little just for fun every now and again and spend no more money than they would on a night out and those people just see it as entertainment just like going to a club or the movies. You lose money at those places when you go to but never win any  Grin.
hero member
Activity: 896
Merit: 1000
January 05, 2016, 05:57:26 AM
You are so right about this OP.

The house is in for the win, we are just players at the table waiting to send the house our money.
yeah i guess everyone looses in a long term, i used to gamble really often some time ago and i have never managed to win some money out of it to buy myself something nice, now i try to avoid gambling at all costs

Yes, when you are new and afresh with your mindset, you can think creatively to manage your gambling into profit like a playing new strategies and keeping self control. But in long run most of the gamblers find themselves very casual and accepts the losses also very casual. That is one of the reason, gambling turns into losses in long run.

I don't think it has anything to do with "creative" or "gamblers getting bored and play casually". Instead, as you play more, your actual realized profit will get closer and closer to the statistical EV with the EV also getting more and more negative.
hero member
Activity: 868
Merit: 1000
January 05, 2016, 05:34:35 AM
You are so right about this OP.

The house is in for the win, we are just players at the table waiting to send the house our money.
The house is surely in for the win but there are always people who overcome them and take the huge profits unexpectedly.
https://bitcointalksearch.org/topic/please-close-this-1315396
legendary
Activity: 1652
Merit: 1057
January 05, 2016, 04:22:31 AM
You are so right about this OP.

The house is in for the win, we are just players at the table waiting to send the house our money.
yeah i guess everyone looses in a long term, i used to gamble really often some time ago and i have never managed to win some money out of it to buy myself something nice, now i try to avoid gambling at all costs

Yes, when you are new and afresh with your mindset, you can think creatively to manage your gambling into profit like a playing new strategies and keeping self control. But in long run most of the gamblers find themselves very casual and accepts the losses also very casual. That is one of the reason, gambling turns into losses in long run.
Jump to: