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Topic: Everyone looses in the long run - page 117. (Read 96765 times)

full member
Activity: 182
Merit: 100
Pollak
December 16, 2015, 03:17:03 PM
Yes, everyone looses in the long run that's why you shouldn't gamble everyday.
It's best to gamble only for entertainment. The house will always win either way.
sr. member
Activity: 448
Merit: 250
December 16, 2015, 02:34:32 PM
Yes, it's true that everyone loses in the long run. Because it doesn't matter how much you win, your losses will be bigger than your winnings. Somehow in some way the house and casino's will always win.
legendary
Activity: 1834
Merit: 1008
December 16, 2015, 01:22:30 PM
House will always have the most profits, doesn't matter how much you win. In the end you will lose more than you win.
Unless you're some kind of pro gambler and now all the strategies to keep on winning.

It is true that house will always win but if you smart enough like winning about 50% or even 100% of your balance you should stop it. So literally you will consider beat the house. This is gambling sometimes you will win and lose there is no guarantee on this kind of things. Same goes to pro gambler they can't keep on winning every bet like that, sure they loss but they can maintain their profit before they lose everything
legendary
Activity: 1540
Merit: 1016
December 16, 2015, 12:19:23 PM
But how some people can win against house edge ?
For example Dan Bilzerian is pro poker player that able to defeat house edge. And now he's enjoying his wealth with girls & gun

There is no edge in poker so there are alot of pro poker player that win alot of thousand of dollar everytime they play. In poker you play with human as well and the house only take rake so there is no house edge in poker
hero member
Activity: 1106
Merit: 502
December 16, 2015, 12:13:13 PM
when you win it is good to wd your money, i think we can't get profit for the long run


but after we win and make a withdrawal, we always want to bet for the next day and finally all lost
legendary
Activity: 924
Merit: 1006
December 16, 2015, 12:07:37 PM
House will always have the most profits, doesn't matter how much you win. In the end you will lose more than you win.
Unless you're some kind of pro gambler and now all the strategies to keep on winning.

Yup! most certainly house will definitely overcome your good game but technically you can earn some on gambling if you know when to stop and learn how to gamble moderately you can bet once a day or twice a day that is enough betting so you won't lose much! Grin

But how some people can win against house edge ?
For example Dan Bilzerian is pro poker player that able to defeat house edge. And now he's enjoying his wealth with girls & gun
sr. member
Activity: 350
Merit: 250
Shit, did I leave the stove on?
December 16, 2015, 10:59:32 AM
When you are head it's better to stop before you end up on a bad streak and bankrupt.
legendary
Activity: 1428
Merit: 1002
December 16, 2015, 10:17:41 AM
when you win it is good to wd your money, i think we can't get profit for the long run
legendary
Activity: 3038
Merit: 1169
December 16, 2015, 09:01:35 AM
House will always have the most profits, doesn't matter how much you win. In the end you will lose more than you win.
Unless you're some kind of pro gambler and now all the strategies to keep on winning.

Yup! most certainly house will definitely overcome your good game but technically you can earn some on gambling if you know when to stop and learn how to gamble moderately you can bet once a day or twice a day that is enough betting so you won't lose much! Grin
legendary
Activity: 2716
Merit: 1116
December 14, 2015, 04:49:39 PM
I like to bet only on betting exchanges like betfair.
Buy a cheap odds and sell  it on a high price.
Betfair-Trading on sports Smiley

This is something new for me, thanks for the post.

And yes, everybody loses in the long run  Wink
sr. member
Activity: 280
Merit: 250
December 14, 2015, 04:42:17 PM
House will always have the most profits, doesn't matter how much you win. In the end you will lose more than you win.
Unless you're some kind of pro gambler and now all the strategies to keep on winning.
legendary
Activity: 1358
Merit: 1014
December 14, 2015, 02:39:05 PM
  why casino is always  profitable bcoz most people will lose and that is a true Wink

Casino's are always profitable even if somebody wins because the way casino plays they will let someone win and the other lose but their are plenty times for the losing part, and casino's tend to let you will at first but will let you lose on the end.

Casinos are not afraid of you winning their money but they are more afraid of you not betting with them. When you bet more often, you have a higher chance to lose with the house edge. This is one of the reason why casinos give you freebies to encourage you to return to bet.

Do not play gamble is the best choice. Even the casino owner itself know, they will lose when they bet againts the house edge.
More bets you make, more chances you will lose. That is the fact.

Well the good thing about Bitcoin is you can find probability fair games and you can not only find those but check the code and verify that the transactions are indeed valid, in this sense Bitcoin gambling is way safer than going into a rigged casino where they will never show you the insides of the machines.
hero member
Activity: 896
Merit: 502
December 14, 2015, 10:13:39 AM
I like to bet only on betting exchanges like betfair.
Buy a cheap odds and sell  it on a high price.
Betfair-Trading on sports Smiley
sr. member
Activity: 260
Merit: 250
December 14, 2015, 10:09:31 AM
  why casino is always  profitable bcoz most people will lose and that is a true Wink

Casino's are always profitable even if somebody wins because the way casino plays they will let someone win and the other lose but their are plenty times for the losing part, and casino's tend to let you will at first but will let you lose on the end.

Casinos are not afraid of you winning their money but they are more afraid of you not betting with them. When you bet more often, you have a higher chance to lose with the house edge. This is one of the reason why casinos give you freebies to encourage you to return to bet.

Do not play gamble is the best choice. Even the casino owner itself know, they will lose when they bet againts the house edge.
More bets you make, more chances you will lose. That is the fact.

Well the casino owners like also that you play there, because so they can earn more money.
That is why gambling is so annoying when you don't win.
legendary
Activity: 3038
Merit: 1169
December 14, 2015, 09:24:32 AM

Casinos are not afraid of you winning their money but they are more afraid of you not betting with them. When you bet more often, you have a higher chance to lose with the house edge. This is one of the reason why casinos give you freebies to encourage you to return to bet.

Yup because of their house edge there is no fear for casinos if you win or lose and their freebies really is an attention for other players addiction is more prone because of it,
full member
Activity: 168
Merit: 100
December 12, 2015, 06:43:10 AM
  why casino is always  profitable bcoz most people will lose and that is a true Wink

Casino's are always profitable even if somebody wins because the way casino plays they will let someone win and the other lose but their are plenty times for the losing part, and casino's tend to let you will at first but will let you lose on the end.

Casinos are not afraid of you winning their money but they are more afraid of you not betting with them. When you bet more often, you have a higher chance to lose with the house edge. This is one of the reason why casinos give you freebies to encourage you to return to bet.

Do not play gamble is the best choice. Even the casino owner itself know, they will lose when they bet againts the house edge.
More bets you make, more chances you will lose. That is the fact.
legendary
Activity: 1442
Merit: 1008
December 12, 2015, 04:28:52 AM
Poker is the only way you can't lose in the long run but you must have skill to be able to active this and the house edge on the other gambling facilities make sure you will lose in the end that's why martingale isn't a successfull strategy no matter what you will lose. For example dice.

Playing poker is not easy to keep winning in the long run it's just same as any other gambling games although you have a "skill" poker still need a lucky factor.
So if you want to make a winning in the long run, keep searching your lucky factor , people usually call it "a strategy".
legendary
Activity: 910
Merit: 1000
December 12, 2015, 04:14:50 AM
Yes freebies are to induce the gambling addictions. I do see many people are making good profits in demo accounts and failing in real gambling. Same way when you bet in small amount you will win. When you go with bigger bet amount, no other go other than loss. Long run is just a theoretical, even in short run I faced losses.

What theory is that? I dont think that is possible thing, the only thing that cause of your loss because you dont have enough balance to cover your loss so in the end you are lose all of your bet. Although it is a long run but if you can maintain your balance until the end I think you can cover your loss and get some profit

It is simply not true. If you really believe that "you will win if your bets are small", you can try flat betting with small amount to see if you will win after, say 100000 bets. Trust me, you will not, as the EV of each of your bets, big or small, are negative.
hero member
Activity: 742
Merit: 500
December 12, 2015, 03:24:09 AM
Gambling is dangerous since from the starting and it can be extremely bad if you continue, all people(99%) have lost their assets in these dirty games, so i would suggest anyone to leave this dirty sport and get back to life.
Don't try to demonize gambling as it was something awfully wrong by itself. Gambling is for people and if you are 'using' it right there should't be a problem.
You need to treat gambling as entertainment and not magical solution to fix your money problems and cry later if you lost your bets.

Both of you correct. Because if one can't control them self or don't know how to use gambling than better to stay out of gambling. Because there are many other forms of entertainments are available for people to enjoy there life. If some one know how to manage there emotions than once in a while they can play gambling for fun and get the entertainment.
Agree completely with you guys, gambling is high risk, the faster way to earn money but actually this the fastest way to lose your money, all we have to do just controll our emotion, and make sure that gambling is only for fun, so we could get off from stress by loose our money
legendary
Activity: 1078
Merit: 1000
December 12, 2015, 12:08:16 AM
  why casino is always  profitable bcoz most people will lose and that is a true Wink

Casino's are always profitable even if somebody wins because the way casino plays they will let someone win and the other lose but their are plenty times for the losing part, and casino's tend to let you will at first but will let you lose on the end.

Casinos are not afraid of you winning their money but they are more afraid of you not betting with them. When you bet more often, you have a higher chance to lose with the house edge. This is one of the reason why casinos give you freebies to encourage you to return to bet.

Yes freebies are to induce the gambling addictions. I do see many people are making good profits in demo accounts and failing in real gambling. Same way when you bet in small amount you will win. When you go with bigger bet amount, no other go other than loss. Long run is just a theoretical, even in short run I faced losses.

What theory is that? I dont think that is possible thing, the only thing that cause of your loss because you dont have enough balance to cover your loss so in the end you are lose all of your bet. Although it is a long run but if you can maintain your balance until the end I think you can cover your loss and get some profit
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