Topic: Everyone looses in the long run - page 126. (Read 96765 times)

You are referring to poker, which is often considered a game of skill rather than gambling. But agree with you, not everyone loses in the long term.

Ps @OP, in case no one pointed it out - it's spelled "loses" not "looses".

Get back what and with a new strategy called lucky?Look im not pessimist but what is gone is gone to recover it need lucky and well sometimes it stands far away from us .

lol What strategy betting do you do dice game is nice if you have a very wise decision to bet... you can win it back....

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.

Again, having BTC1 million means nothing, max bet allowed on the site is what counts.

Not everyone the fact is that the dice and casinos were made to make profit not to give you all ,soo if in a day 200 btc in around 2 btc stands at the website and the rest is shared with the lucky members.

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.

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.

hmmm..... didnt knew that .....will bet manually from next time.....thanks for the advice

Why dont you manually bet when you have 1.7 btc? At least you can earn some when you are on manually rather than leaving it with bot and let it run all day long

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

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

Good calculations. Even more. Fantastic calculations. Could you show me the literature for this kind of calculations in order that me learn more? In which kind of books I can find more about these kind of things? Are very interesting and even more precise than the calculations of the position of an new star. Even I don't understand anything from those.

Ah.. One moment. You bet 1 us dollar and sometime would win 0.95 us dollar and some time would lose 1 us dollar. Then "you would need to win 51.3% (not 47.53464% nor 56.975645345% but exactly 51.3%) to break even in the long run.

In other words. You will play to lose more that the amount you can win: in other words, simply to lose. Then, in order that you break even (in other words and for the ignorant people like me - to have your lost money) "you would need to win 51.3% of the time". Here I'm am speechless. I learned before how to lose firstly (difficult but important and necessary), then the need to break even (so to have again my money back) but then I stopped to understand. How to earn "51.3 of the time"? How can be earned the time?

Please mr.robot can you explain better how to win 51.3% of the time to have back my money? And if I win 51.4% or even 51.5675432% of time it will be something wrong? Only to have some cent as earnings for the time have in casino. Or it is impossible? In that place only can have loss and maximum have your money. No win never. This is not the casino I know....

yes it depends on luck but the percentage is quite negligible when it comes to longer sessions ,as the presence house edge is going to kill it because you cant have luck in the long runs.

If you are betting against the spread at a reduced margin venue the prices might be -105/-105 (1.95/1.95).  This means if you were to bet $1 sometimes you would win $0.95 and sometimes you would lose $1.  You would need to win 51.3% of the time to break even in the long run.

That is very true, in gambling no one or any professional player can't win for long time or in the long run because even though some games need skills to win but when one play any game to win they also need some kind of luck to support them so this luck will not come every day or every time one play a game. So it is quite clear no one can win any game every day so do not gamble every day to save your self.

There are in fact professional gamblers, guys who are expert in mathematical principles 

Yes agreed with you that it totally depends on your luck, if you have lucky enough then you can win even in short time but if you are not lucky then there are many chances to loose the whatever money you have in the log run.

Agree with you we should be aware of whom we're playing it .But online games doesn't need that kind of understanding as you cant really be sure of whats happening in the backend with the cards .You know all these algorithms are highly advanced and they can program it the way they want.I've always been unsure of playing poker online with random strangers .All these technical stuff is just too insecure .You can play casino or dice or whatever they seem truly based on luck.

First of all there are not any kind of profession in "doing" gambling. So no one can be professional in something that is not a profession. But even if there is something that can be called "profession" in gambling (which can be the place of staying all the day within a casino or gambling online - again all the day - for those who have  nothing - or don't know what - other to do and have tons of money to spend) there can be never "professionalism" in this kind of "profession". Gambling cannot be learned and it is impossible to learn something from or about it even if everyone stay with during all its life applying it.

Then what does it mean "never loose as they are sponsored by others". My brain understand this sentence in this way. They ("the professionals") gamble always and lose but don't lose their money but the money of the others (sponsors). If so where is the "professionalism" here? In losing the money of the others? Or simply in the loss of money ongoing?

But for sure the author of the post mean another thing with this sentence. Maybe he wanted to tell that they earn because are sponsored by the others. This is another thought without sense. It is the sponsorship that condition the earnings? This seems strange for me. What have in common the give of money with the gamble of those? Why the first act must affect the second one?

Maybe because someone thing that having to much and gambling to much money it is sure the win in it. This is a pure fantasy. Have nothing true in this. It is only the luck who decide. You can win the jackpot with 1 us dollar and loss even your home within a day. Have nothing to do the amount of money gambled with the probability to win. Especially in long term as can be deducted from the quoted post.

The probability to win is always (especially in medium and long term) for the owners of the casino or the online gamble site. Nothing can change this elementary but basic and unchanged rule. Everyone which gamble will have always loss. Being him a "professional" gambler or a novice one.