Everyone looses in the long run - page 125.

futurebit640

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Quote from: FanEagle on October 26, 2015, 12:06:17 PM

You know, it's part of the risk to win or to lose them all.

This risk factor is very high because either it will give you more than 100% profit or at one shot you will lose of your money so when you gamble just gamble with your extra money and ready to lose. Since it has got very high risk reward benefits one shouldn't gamble of long time because to win regularly in gambling we must have a luck otherwise at the end most of the gamblers will lose.

jeffthebaker

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Quote from: Nimbulan on October 31, 2015, 05:37:47 PM

Quote from: tommorisonwebdesign on October 31, 2015, 04:49:54 PM

Quote from: Mo2015 on October 30, 2015, 01:55:44 PM

I don't think everyone looses, but there is a large percentage probably do. But professional Poker players do exist, so there is a small percent that can make it work.

Sadly I'm one of he larger population that has only lost money.

I would advise you quit gambling. Unless you're good at poker, you are only going to loose money.

If poker gives high quality entertainment for only few lost dollars or so, is it bad? Consider that there can be days where u win. Especially, if u playing with ur IRL friends

Concerts' tickets and so on cost way way more money.

Absolutely. Poker night with your friends is a relatively inexpensive way to spend your night. Since there is no "house", the money ultimately will just circulate through you and your friends. The only actual expense is food and drink, but that could be said about any form of entertainment

Nimbulan

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Quote from: tommorisonwebdesign on October 31, 2015, 04:49:54 PM

Quote from: Mo2015 on October 30, 2015, 01:55:44 PM

I don't think everyone looses, but there is a large percentage probably do. But professional Poker players do exist, so there is a small percent that can make it work.

Sadly I'm one of he larger population that has only lost money.

I would advise you quit gambling. Unless you're good at poker, you are only going to loose money.

If poker gives high quality entertainment for only few lost dollars or so, is it bad? Consider that there can be days where u win. Especially, if u playing with ur IRL friends

Concerts' tickets and so on cost way way more money.

Mo2015

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Quote from: tommorisonwebdesign on October 31, 2015, 04:49:54 PM

Quote from: Mo2015 on October 30, 2015, 01:55:44 PM

I don't think everyone looses, but there is a large percentage probably do. But professional Poker players do exist, so there is a small percent that can make it work.

Sadly I'm one of he larger population that has only lost money.

I would advise you quit gambling. Unless you're good at poker, you are only going to loose money.

It's good advise, and you are probably right about only loosing more money, but I'm guess I'll still play lol

rekinthis

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its correct people loose because of a house edge what makes casino win

tommorisonwebdesign

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Quote from: Mo2015 on October 30, 2015, 01:55:44 PM

I don't think everyone looses, but there is a large percentage probably do. But professional Poker players do exist, so there is a small percent that can make it work.

Sadly I'm one of he larger population that has only lost money.

I would advise you quit gambling. Unless you're good at poker, you are only going to loose money.

Supercrypt

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Quote from: Mo2015 on October 30, 2015, 01:55:44 PM

I don't think everyone looses, but there is a large percentage probably do. But professional Poker players do exist, so there is a small percent that can make it work.

Sadly I'm one of he larger population that has only lost money.

Sorry for your losses.
If you maintain some low amount of betting than the amount you have lost must be very smaller, compared to the present situation, it's a common thumb rule. With the low amount of betting we can increases the number of betting so that we will get more chances to crack that gambling to make some profit.

Mo2015

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I don't think everyone looses, but there is a large percentage probably do. But professional Poker players do exist, so there is a small percent that can make it work.

Sadly I'm one of he larger population that has only lost money.

knowhow

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Quote from: Triple on October 26, 2015, 12:04:33 PM

Quote from: n2004al on October 26, 2015, 12:00:51 PM

Quote from: StarofBTC on October 25, 2015, 03:03:53 AM

JUst lost up 1.7 btc going in long run in betcoin.ag dice....damn Cry

Sorry for that. But for sure that you will continue to gamble again until you will have again back these 1.7 bitcoins or not? It is for sure that one day in the future you will have those back?

Think a few mate. You lost about 450 us dollar today. If you lose in this way (even the half of this amount) every day what it will be with your future? Can you do the calculations of your lost for only one month? Can you realize what other beautiful things you can do with this big amount of money?

You have to look at gambling as a pass time or just for fun. IF you start to think of it as a way of making money, that's when you start to lose money and continue to lose money.

Waste money when the world facing financial problems for me doesnt looks like a pass time or even fun,as said above those money could be spent with something material or virtual,but if he had win those the history would be diferent ,like hey with such luck i would try to get more.

FanEagle

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You know, it's part of the risk to win or to lose them all.

Triple

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Quote from: n2004al on October 26, 2015, 12:00:51 PM

Quote from: StarofBTC on October 25, 2015, 03:03:53 AM

JUst lost up 1.7 btc going in long run in betcoin.ag dice....damn Cry

Sorry for that. But for sure that you will continue to gamble again until you will have again back these 1.7 bitcoins or not? It is for sure that one day in the future you will have those back?

Think a few mate. You lost about 450 us dollar today. If you lose in this way (even the half of this amount) every day what it will be with your future? Can you do the calculations of your lost for only one month? Can you realize what other beautiful things you can do with this big amount of money?

You have to look at gambling as a pass time or just for fun. IF you start to think of it as a way of making money, that's when you start to lose money and continue to lose money.

n2004al

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Quote from: StarofBTC on October 25, 2015, 03:03:53 AM

JUst lost up 1.7 btc going in long run in betcoin.ag dice....damn Cry

Sorry for that. But for sure that you will continue to gamble again until you will have again back these 1.7 bitcoins or not? It is for sure that one day in the future you will have those back?

Think a few mate. You lost about 450 us dollar today. If you lose in this way (even the half of this amount) every day what it will be with your future? Can you do the calculations of your lost for only one month? Can you realize what other beautiful things you can do with this big amount of money?

pawel7777

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Quote from: Erza on October 26, 2015, 04:15:27 AM

Quote from: Triple on October 25, 2015, 11:47:57 AM

...
If you have a large bankroll and dice with a small start, you'll be most likely to make profit. Even though it might not be much, the percentage of zeroing out with that big a bankroll is statistically zero.

What is the point then? You have a large bankroll but you only do small betting. I dont think you can even see the movement of your balance and you dont even know you are winning or losing because of the small base bet

It's rather easy to keep track on profit/loss, but there is no point in playing 1 sat base martingale, unless you're hunting for jackpot or just want to test the site or strategy.

btcdevil

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Quote from: Erza on October 26, 2015, 04:15:27 AM

Quote from: Triple on October 25, 2015, 11:47:57 AM

Quote from: pawel7777 on October 25, 2015, 11:42:19 AM

Quote from: CoinSkipper on October 25, 2015, 03:14:21 AM

Everyone loses in the long run...

If you have 1,000,000 BTC and bet on a dice site using 1 satoshi doing the martingale strat, It can be pretty profitable xD

Having 1m of bitcoin is irrelevant, as there is no dice site that would accept bet that high (insufficient bankroll).
Also, betting martingale with 1 sat base would likely give you less profit than electricity costs. Counting at 1 sat per second (very optimistic), that's entire 25 cents per 24 hours.

If you have a large bankroll and dice with a small start, you'll be most likely to make profit. Even though it might not be much, the percentage of zeroing out with that big a bankroll is statistically zero.

What is the point then? You have a large bankroll but you only do small betting. I dont think you can even see the movement of your balance and you dont even know you are winning or losing because of the small base bet

totally agree with your reply, when you have ocean of bankroll and if you use only drops then you wont be able to know what is the situation of the ocean , because drops can fill the empty pot but full pot cannot show how much drops you gained or lost it.

Erza

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Quote from: Triple on October 25, 2015, 11:47:57 AM

Quote from: pawel7777 on October 25, 2015, 11:42:19 AM

Quote from: CoinSkipper on October 25, 2015, 03:14:21 AM

Everyone loses in the long run...

If you have 1,000,000 BTC and bet on a dice site using 1 satoshi doing the martingale strat, It can be pretty profitable xD

Having 1m of bitcoin is irrelevant, as there is no dice site that would accept bet that high (insufficient bankroll).
Also, betting martingale with 1 sat base would likely give you less profit than electricity costs. Counting at 1 sat per second (very optimistic), that's entire 25 cents per 24 hours.

If you have a large bankroll and dice with a small start, you'll be most likely to make profit. Even though it might not be much, the percentage of zeroing out with that big a bankroll is statistically zero.

What is the point then? You have a large bankroll but you only do small betting. I dont think you can even see the movement of your balance and you dont even know you are winning or losing because of the small base bet

YuginKadoya

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Quote from: Junko on October 25, 2015, 03:00:12 PM

No, not everyone loses in the long run.

There are, have been and continue to be many, many poker players out there who, in fact, win in the long run - from professional players to semi-pro and even amateur. There are many, many poker players who profit long term in different degrees from micro-stakes all the way up to the nose-bleeds.

True, there are countless long term losers, but to say everyone loses in the long run is just incorrect.

Yup! you can say everyone loses in the long run, but to profit through gambling I don't think so, the one I know who's gonna profit because of gambling is a sports analysts they make a living from gambling by compiling odds for bookies, Programmers earn a living from gambling by developing various betting applications, Manufacturers of gaming machines make money from people’s gambling habits, and a lot more to, but the one who gamble's him own money sad to say has a 50/50 chance.

Nobitcoin

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In holiday we trust

Yes its sad but true only a few people maybe 1 out of 100 might even do well at gambling. The only people making money is the casinos and bookies we the punters just get a seat on the rollercoaster.

Supercrypt

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Quote from: mutab on October 25, 2015, 05:33:40 PM

You can't say that everyone looses, but yeah, ur point is valid. Most of people looses in long run :/

But in this particular thread many people have accepted their losses in long term even they had made some profits in the beginning of their days with gambling. Most of the people turn greed once they see and experience the profits.

mutab

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You can't say that everyone looses, but yeah, ur point is valid. Most of people looses in long run :/

tommorisonwebdesign

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Quote from: Junko on October 25, 2015, 03:00:12 PM

No, not everyone loses in the long run.

There are, have been and continue to be many, many poker players out there who, in fact, win in the long run - from professional players to semi-pro and even amateur. There are many, many poker players who profit long term in different degrees from micro-stakes all the way up to the nose-bleeds.

True, there are countless long term losers, but to say everyone loses in the long run is just incorrect.

You have to be very good at the varient of poker you are playing with. While there are some professional poker players who make a living at paying poker, the amount of them are not that great. You are probably going to loose more with poker than you will win in the time being,

Topic: Everyone looses in the long run - page 125. (Read 96775 times)