Everyone looses in the long run - page 132.

WEBcreator

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Quote from: Clegg on October 13, 2015, 06:40:00 AM

Quote from: actmyname on October 12, 2015, 09:06:11 AM

This is obvious. Everybody DOES lose, because of the fact that there's a house edge and you're not infinitely wealthy. It's simple statistics, really.

It's only obvious if you gamble constantly and incessantly as mathematically you will eventually hit a unrecoverable losing streak due to lack of funds but many gamblers can stay in profit without bankrupting themselves so its not a gurantee for the small percent that are really lucky or have the relevant skills to make good bets. I think casino gambling is also much easier to lose on then say sports betting. Casino games are usually ramdom whereas sports you can use educated guesses.

Unrecoverable losing streak? I dont think so whether you are doing it depends on howw much fun do you have, if you have big you can go big base bet to earn more if you have small amount you can't ever get big. There are many people that always do this kind of things thats why they have so many losing streak before he can recover it. Play smart in gambling if you want to earn

Xiaoxiao

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The Golden Rule Rules

I don't think so in a lot of the skill based games like Chess or Poker.

absy

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★Bitvest.io★ Play Plinko or Invest!

Frankly i am betting from 3 to 4 years.. and my success rate keeps on increasing.

I now know how to analyse a game before placing bets. I have almost 90% success rate but then too i dont risk my bitcoins.

Because gambling is always risky. even if you have 99% success rate.

ashour

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Only the house wins in gambling, the gambler may or may not win. Someone has to lose in order to someone to win.

vendetahome

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that definitely is true because all casino games does not mater if it is with bitcoins or not has a house edge whic make people loose in a long term

Hellacopter

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if we can just gambling what we can afford to lose that's minimize the risks, so we can gamble a some of our Bitcoin , and there is always a possibility of making some profit.
we can also minimize the number of bets to an exact number daily that's can help i think

Hugroll

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ofcourse no one wins in the long run, what be the point of casinos then how would the owners make money. but if the house edge is low enough you might be able to make some money in the short term

Omikifuse

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Quote from: Joel_Jantsen on October 13, 2015, 12:07:51 PM

Gambling is a subject which is directly proportional to your luck! As scientists say the luck factor is related to your stars and some astrology BS.We can take Dan Bilzerian for example, he earns massive amounts by playing poker in LV!Not every poker player has made it this big ,there're a few exceptions! Also, I have heard about the stories of the people losing their homes and property in gambling.Lucky are those who're smart!At the end of the day they play it smart!As long as your greediness doesn't take over your smartness you're safe .

There are several poker strategies and there is no house edge so you have some chance to be a long term winner if you have outstanding skills.

It is not the same as roulette or other games

Arcteryx

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EtherSphere - Social Games

Nobody says you can make a living from it. That is absurd to think you can quit your job and do it to earn a full time living.
Entertainment purposes only as most casinos advertise them to be. That is why they are under Gaming and lotteries commissions.

Joel_Jantsen

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Get your game girl

Gambling is a subject which is directly proportional to your luck! As scientists say the luck factor is related to your stars and some astrology BS.We can take Dan Bilzerian for example, he earns massive amounts by playing poker in LV!Not every poker player has made it this big ,there're a few exceptions! Also, I have heard about the stories of the people losing their homes and property in gambling.Lucky are those who're smart!At the end of the day they play it smart!As long as your greediness doesn't take over your smartness you're safe .

maku

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Quote from: tommorisonwebdesign on October 03, 2015, 03:32:01 PM

-snip-
All the gambling addicts I knew in real life who claimed to win from casinos all the time had serious mental issues. I went gambling with that guy once, and he ended up blaming me for him loosing at Pai Gow poker, a game that's 100% chance.
-snip-

That is something that I observed as well. Gamblers tend to be pretty superstitious individuals. Falling for every possible fallacy.
That is the main reason we see so many 'surefire strategies' and 100% legit gambling systems. While in reality it is all worthless nonsense.

YuginKadoya

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Quote from: agustina2 on October 13, 2015, 06:36:05 AM

LOL every gambling site has a provably fair system and you can verify manually your bet is fair or not. Are you aware of those? You can check some of it in some popular dice. The house edge is fair that's why everyone loose in a long run.

And I don't remember saying that to take advantage one must not play for a long run. I say that by investing in their bankroll somehow you can gain profit for a long term.

hehe I am referring to the physical casino not the online ones, sorry for the misunderstandings I have tried cloudbet and their system is fair enough for me,

I mean by playing for a long run whole day that will you lose a lot.

Clegg

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Quote from: actmyname on October 12, 2015, 09:06:11 AM

This is obvious. Everybody DOES lose, because of the fact that there's a house edge and you're not infinitely wealthy. It's simple statistics, really.

It's only obvious if you gamble constantly and incessantly as mathematically you will eventually hit a unrecoverable losing streak due to lack of funds but many gamblers can stay in profit without bankrupting themselves so its not a gurantee for the small percent that are really lucky or have the relevant skills to make good bets. I think casino gambling is also much easier to lose on then say sports betting. Casino games are usually ramdom whereas sports you can use educated guesses.

agustina2

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Quote from: YuginKadoya on October 13, 2015, 06:27:40 AM

Quote from: agustina2 on October 13, 2015, 06:10:41 AM

Yeah it really help you to copy the house edge description hehe. Anyways nevermind.

House edge doesn't occur. It is always present at your first bet and all your actions are under the site's provably fair system.

But you may never know if the casino's house edge is fair enough in what you do! I mean the occurrence of house edge somewhat in the long run you play it. and sorry to say but I don't believe in casino's fair system, because casinos always have to profit that is their business and they will never lose in such business.

but as you say earlier There are ways of taking advantage of the house edge
that is do not play the game on a long run. Grin

LOL every gambling site has a provably fair system and you can verify manually your bet is fair or not. Are you aware of those? You can check some of it in some popular dice. The house edge is fair that's why everyone loose in a long run.

And I don't remember saying that to take advantage one must not play for a long run. I say that by investing in their bankroll somehow you can gain profit for a long term.

YuginKadoya

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Quote from: agustina2 on October 13, 2015, 06:10:41 AM

Yeah it really help you to copy the house edge description hehe. Anyways nevermind.

House edge doesn't occur. It is always present at your first bet and all your actions are under the site's provably fair system.

But you may never know if the casino's house edge is fair enough in what you do! I mean the occurrence of house edge somewhat in the long run you play it. and sorry to say but I don't believe in casino's fair system, because casinos always have to profit that is their business and they will never lose in such business.

but as you say earlier There are ways of taking advantage of the house edge
that is do not play the game on a long run. Grin

agustina2

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Quote from: YuginKadoya on October 13, 2015, 06:07:45 AM

Quote from: agustina2 on October 13, 2015, 05:59:01 AM

Google really help here lol.

There are ways of taking advantage of the house edge like I did in Moneypot. I invested in their bankroll. Profit are slow but at least it does have profit.

Yup! it really help me a lot lol.

Even if there is an house edge you can actually win a sum but don't always go on a long run gambling because that is when house edge occur, that is why You can win for a little while but you can’t win in the long run. Grin

Yeah it really help you to copy the house edge description hehe. Anyways nevermind.

House edge doesn't occur. It is always present at your first bet and all your actions are under the site's provably fair system.

YuginKadoya

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Quote from: agustina2 on October 13, 2015, 05:59:01 AM

Google really help here lol.

There are ways of taking advantage of the house edge like I did in Moneypot. I invested in their bankroll. Profit are slow but at least it does have profit.

Yup! it really help me a lot lol.

Even if there is an house edge you can actually win a sum but don't always go on a long run gambling because that is when house edge occur, that is why You can win for a little while but you can’t win in the long run. Grin

agustina2

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Quote from: YuginKadoya on October 13, 2015, 05:12:41 AM

Quote from: leex1528 on October 12, 2015, 09:13:03 AM

Quote from: actmyname on October 12, 2015, 09:06:11 AM

This is obvious. Everybody DOES lose, because of the fact that there's a house edge and you're not infinitely wealthy. It's simple statistics, really.

How do you figure there is a house edge in poker? Is poker gambling, are there professional players? What about professional blackjack players? There is even a house edge there. Don't say it isn't possible because obviously it is.

It’s important that people don’t think that they can win, because you can’t win in gambling. You can win for a little while but you can’t win in the long run.
The House Edge assists the gambling provider as a commercial business to cover its costs of providing the game, paying for the staff, maintaining the casino or club etc. It also helps to turn the business a profit. Any profit the business makes from gambling comes from the money the gamblers pay into the game, whether it’s a poker machine, Keno, Blackjack or other game.

that is what house edge for that is the sad truth even if player is all high and mighty on blackjack! but you can gamble a little then if you got enough call it a day. just don't play for a long run!

Google really help here lol.

There are ways of taking advantage of the house edge like I did in Moneypot. I invested in their bankroll. Profit are slow but at least it does have profit.

YuginKadoya

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Quote from: leex1528 on October 12, 2015, 09:13:03 AM

Quote from: actmyname on October 12, 2015, 09:06:11 AM

This is obvious. Everybody DOES lose, because of the fact that there's a house edge and you're not infinitely wealthy. It's simple statistics, really.

How do you figure there is a house edge in poker? Is poker gambling, are there professional players? What about professional blackjack players? There is even a house edge there. Don't say it isn't possible because obviously it is.

It’s important that people don’t think that they can win, because you can’t win in gambling. You can win for a little while but you can’t win in the long run.
The House Edge assists the gambling provider as a commercial business to cover its costs of providing the game, paying for the staff, maintaining the casino or club etc. It also helps to turn the business a profit. Any profit the business makes from gambling comes from the money the gamblers pay into the game, whether it’s a poker machine, Keno, Blackjack or other game.

that is what house edge for that is the sad truth even if player is all high and mighty on blackjack! but you can gamble a little then if you got enough call it a day. just don't play for a long run!

Xenoph0bia

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Quote from: actmyname on October 12, 2015, 09:06:11 AM

This is obvious. Everybody DOES lose, because of the fact that there's a house edge and you're not infinitely wealthy. It's simple statistics, really.

Agreed with you that everyone looses their hard earned money in the long run as the houses and sites are designed for the same. But there can be some exceptions as well. I think sometimes winning or loosing is totally depends on the player, if the gambler is smart and if he know what he is doing then he can make some good money.

Topic: Everyone looses in the long run - page 132. (Read 96775 times)