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Topic: Everyone looses in the long run - page 138. (Read 96775 times)

legendary
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October 05, 2015, 08:47:40 AM
#52
No no no, not everyone. What about the owners? Grin


if nobody ever won in the long run why people are still playing?

They expect to win in the short run or hit big and retire.
hero member
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October 05, 2015, 06:12:18 AM
#51
First you should define what a long run is - it could be 1 day it could be 90 years and second if nobody ever won in the long run why people are still playing?

Yes that is long run gambling has different meaning for each person because it is much hard to stop when we are on winning streak.
hero member
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October 05, 2015, 06:04:57 AM
#50
Long run can happen in the end of current session because losing streak can happen at any time, i had this thing to me at many dice sites and other type of gambling games.
legendary
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October 05, 2015, 05:32:24 AM
#49
I think your problem is with the concept of gambling, and in the way you generalize. All types of gambling depends on luck, but some also depend on skill. And on that last type, the ones that depend on luck and skill, the importance on each factor varies from game to game.
Taking that in consideration, you can be a professional gambler in poker and sports betting at least. I don't think anyone can claim to be a professional gambler in pure casino games, like dice and roulette, so in those games I agree with you, but in poker and sports betting you are wrong, and there are plenty of known examples of professional gamblers in those type of games.
legendary
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October 05, 2015, 05:26:18 AM
#48
Also you have to remember that even if a gambler wins 50% of the times and loses 50% of the time which is pretty much ideal, gambling site still wins largely by the mark up that it takes on betting odds.

For example you bet on the basketball game over/under 160 points and you will have odds 1.9 for over and 1.9 for under. This means that even if one customer loses and one wins, gambling site still have 10% of gain.
Yeah thats a good point. It prove us that the odds isnt made carelessly, where the gambling site usually making a precise calculation to determine the odds, so they could get profit from that.

First you should define what a long run is - it could be 1 day it could be 90 years and second if nobody ever won in the long run why people are still playing?
1 day could be a long run if you playing in dice site, it depends on how often do you gamble. And gambling is fun, thats why people still playing. If it isnt fun, surely there is nobody want to play.
full member
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October 05, 2015, 02:43:47 AM
#47
First you should define what a long run is - it could be 1 day it could be 90 years and second if nobody ever won in the long run why people are still playing?
legendary
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October 04, 2015, 09:50:26 PM
#46
gambling in dice is a mathematique so you will lose in long run but in sport there is some match that will allways let you win but you just need to know how much you will bet for example a red card will let you lose you bet so don't bet full balance in one match.

There is no such thing as a match that will always let you win, yes you can profit from sports betting but you won't always win. As long as you win more than you lose, that is quite good already. Also, poker is possible to win in the long run too.
hero member
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October 04, 2015, 11:25:00 AM
#45
I do agree that everyone looses in the long run.It does not matter of professional or immature gambler.House always win in the long run everywhere whether it is online casino or offline (physical).When two professionals compete with each other there too only one of them wins.

How can you possibly think that?  You know how many people are rich, or getting rich because of gambling, how many people have retired from gambling and are still rich?  Of course in a heads up game someone loses, but still they are up millions, if winning millions is losing, I want to lose.
hero member
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October 04, 2015, 11:23:21 AM
#44
That's right, gambling is just for fun, the owner is build it for people who feel can always win on gambling, but in fact there are a nothing chance to always win and the owner is can earn profit from it.

If you have big enough bankroll and you know how to manage it you can make some cash from gambling.

Useless, you need big chance to win(your lucky level is must insane).
legendary
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October 04, 2015, 11:01:21 AM
#43
I do agree that everyone looses in the long run.It does not matter of professional or immature gambler.House always win in the long run everywhere whether it is online casino or offline (physical).When two professionals compete with each other there too only one of them wins.
hero member
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October 04, 2015, 10:56:02 AM
#42
"Everyone looses in the long run"

Of course it's true. But we all lose our lives in the long run too btw Smiley
So gamble for fun, and never bet more than you can afford to lose and everything will be just fine.

If you ask me how much is that what one can afford to lose, I'd say if you are gambling once per month you can afford to lose around 5% of your monthly income, not more.
Why is it true? There are other games appart from dice or roulette, if you play poker you are not going to lose in the long run if you know how to do it.

Yes, yes, you mean poker, black Jack right? I've heard many times about professional gamblers who are good at it. But have you met one in person? Because I've met some. And all of them are saying the same thing: when gambling if you are not losing much that's the best you can do.

Disagree, I am sure the professionals who do this for a living and are making millions of dollars completely disagree as well.  The fact that there are people who play professional pretty much means not everyone loses.
legendary
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October 04, 2015, 10:49:09 AM
#41
"Everyone looses in the long run"

Of course it's true. But we all lose our lives in the long run too btw Smiley
So gamble for fun, and never bet more than you can afford to lose and everything will be just fine.

If you ask me how much is that what one can afford to lose, I'd say if you are gambling once per month you can afford to lose around 5% of your monthly income, not more.
Why is it true? There are other games appart from dice or roulette, if you play poker you are not going to lose in the long run if you know how to do it.

Yes, yes, you mean poker, black Jack right? I've heard many times about professional gamblers who are good at it. But have you met one in person? Because I've met some. And all of them are saying the same thing: when gambling if you are not losing much that's the best you can do.
full member
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October 04, 2015, 10:10:05 AM
#40
If you have big enough bankroll and you know how to manage it you can make some cash from gambling.
legendary
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October 04, 2015, 10:08:22 AM
#39
Let's be honest. Gambling should only be considered for entertainment purposes only. If you are in need of quick cash, doing hard dirty work is more often than not better than hitting up the casino sites. I see way too many people in this section try to justify their gambling habits by saying they have strategies to always win. Others on this forum will go as far as to say that they are professional gamblers, and they always win. You're fooling no one and you look stupid.

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.

And just to let you guys know, ALL the casinos in my jurisdiction say the same things in public advertising campaigns. So far, my sig campaign manager has not PM'ed me telling me to quit bashing gambling. Nobody wins gambling, so lets stop pretending anyone here makes a living gambling online.

Excellent thread. Congratulations for it. Maybe the people who will read is will decide to not gamble more (they who gamble). The finish of every gambling game is the loss of ALL the money. Period.
hero member
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October 04, 2015, 09:59:19 AM
#38
Not like your said, some good poker players and sports bettors can earn money in the long term, profitable gamblers can make 50k USD to several million USD per year, look at phil ivey, johnny chan, they can make serious money from poker live tours, and casino gambling.

At least I am still up 20BTC, I have gambled for 5 years, since 2010 I bet on bet 365 and williamhill, i lost money, after that I played dice in 2014 and made profits Wink
newbie
Activity: 56
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October 04, 2015, 09:39:07 AM
#37
Well it is true but for only 9 out of 10 people. Correct me if I am wrong, non of us here do gambling to become millionaire or billionaire, we all do that just for the sake  of fun. The tension the excitement the fun of every moment played on the ground multiplies itself to infinitely which makes it very much funny.
Final advise do gambling for fun, not to pay ours bills from the money you won.
hero member
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October 04, 2015, 09:32:20 AM
#36
If you are referring to purely luck games, then yes gamblers are going to lose in the long run. But if you are referring to partly skill partly luck games, then it is not always the case. Very few people can be professional gamblers and getting constant profits, but it is not very hard to be good enough to break even.
hero member
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October 04, 2015, 09:29:19 AM
#35
gambling is never for the long term, if you're going to gamble do it quick and get out if and when you profit. the house edges make everything in the long term look not so good.
sr. member
Activity: 414
Merit: 250
October 04, 2015, 09:26:54 AM
#34
"Everyone looses in the long run"

Of course it's true. But we all lose our lives in the long run too btw Smiley
So gamble for fun, and never bet more than you can afford to lose and everything will be just fine.

If you ask me how much is that what one can afford to lose, I'd say if you are gambling once per month you can afford to lose around 5% of your monthly income, not more.
Why is it true? There are other games appart from dice or roulette, if you play poker you are not going to lose in the long run if you know how to do it.
legendary
Activity: 3374
Merit: 2198
I stand with Ukraine.
October 04, 2015, 08:40:54 AM
#33
"Everyone looses in the long run"

Of course it's true. But we all lose our lives in the long run too btw Smiley
So gamble for fun, and never bet more than you can afford to lose and everything will be just fine.

If you ask me how much is that what one can afford to lose, I'd say if you are gambling once per month you can afford to lose around 5% of your monthly income, not more.
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