Everyone looses in the long run - page 17.

MMA

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Quote from: diegz on January 26, 2017, 07:19:36 AM

Quote from: shulio on January 26, 2017, 07:12:27 AM

Quote from: diegz on January 26, 2017, 06:32:23 AM

Nope, I don't see it like that. Gambling result in the long run is always losing. When I say losing, it's not just money that you lose here, it includes your time that's probably been useful when you dedicate it to useful acts. Same as in money, in the long run, you may win few times, yes, that's true, but if you total it all, your wins and your lose, probably your lose is more compared to wins.

Some people are willing to gamble for hours in front of their computer or even in a casino and they feel good when doing it especially when they win so you cant really say that they are wasting their time.

So, are they after the fun or money? I am sure it's not fun that they are looking for there. I can't imagine sitting the whole day or even for 6 hours in front of my computer and just betting and putting my money to it. I will just make the gambling site rich with that. Cheesy

It is not the right way to make a living and definitely not a way to find the fun.

Quote from: shulio on January 26, 2017, 07:12:27 AM

For some people that make their living through gambling spent alot of time in a day just to win some few amounts

It's ridiculous. The result of your act ( gambling ) might be very important, probably a meal for the family, why gamble it if you can find a job to make money.

i think gambling is the the right way to make money, one can make money in gambling no doubt about this may be he make a lot of money, but still the income from a gambling not reliable it is a game of chance and luck, if you are luck then you can certainly make good money in gambling but if you are not lucky then you will even lose your own, your experience and skill mostly do not work in gambling.

MMA

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Quote from: mishi44 on January 26, 2017, 04:02:33 AM

I hear if you are capable you sustain for long run and start making profits, but this tread is saying totally opposite. If you bet for small amount like 1$ then you can get more chances and thus this allows you to understand better on where to bet and where not to bet.

what is the definition of capable here in gambling. your experience? your money (investment) ? your strategy? your skill? or your luck? i think in gambling we cannot say it so confidently that who is capable in gambling and who is not, because some time an inexperience person make a lot of money, while some time a very poor person make millions over a night. so gambling is a game of luck and it mostly depend on our luck.

diegz

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Quote from: shulio on January 26, 2017, 07:12:27 AM

Quote from: diegz on January 26, 2017, 06:32:23 AM

Nope, I don't see it like that. Gambling result in the long run is always losing. When I say losing, it's not just money that you lose here, it includes your time that's probably been useful when you dedicate it to useful acts. Same as in money, in the long run, you may win few times, yes, that's true, but if you total it all, your wins and your lose, probably your lose is more compared to wins.

Some people are willing to gamble for hours in front of their computer or even in a casino and they feel good when doing it especially when they win so you cant really say that they are wasting their time.

So, are they after the fun or money? I am sure it's not fun that they are looking for there. I can't imagine sitting the whole day or even for 6 hours in front of my computer and just betting and putting my money to it. I will just make the gambling site rich with that. Cheesy

It is not the right way to make a living and definitely not a way to find the fun.

Quote from: shulio on January 26, 2017, 07:12:27 AM

For some people that make their living through gambling spent alot of time in a day just to win some few amounts

It's ridiculous. The result of your act ( gambling ) might be very important, probably a meal for the family, why gamble it if you can find a job to make money.

shulio

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Quote from: diegz on January 26, 2017, 06:32:23 AM

Nope, I don't see it like that. Gambling result in the long run is always losing. When I say losing, it's not just money that you lose here, it includes your time that's probably been useful when you dedicate it to useful acts. Same as in money, in the long run, you may win few times, yes, that's true, but if you total it all, your wins and your lose, probably your lose is more compared to wins.

Some people are willing to gamble for hours in front of their computer or even in a casino and they feel good when doing it especially when they win so you cant really say that they are wasting their time. For some people that make their living through gambling spent alot of time in a day just to win some few amounts

RealPhotoshoper

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Quote from: Natalim on January 24, 2017, 09:22:47 PM

Quote from: RealPhotoshoper on January 24, 2017, 08:49:25 PM

Quote from: erwin45hacked on January 23, 2017, 01:29:25 AM

Quote from: diegz on January 23, 2017, 12:30:22 AM

Well, that's not always the case. Sometimes even if you have techniques or whatever that we do to make losing slow down, if not prevented it's not enough, remember, when we are betting, we depend on luck and not just any beliefs to win.

There is no such thing as believing that you will win. If everyone keep losing and no one wins then how is it possible that people keep coming back to the site? There is a thin line between a smart and a lousy gambler, for me I dont keep on rampaging my money when I lose in fact I tend to find and gamble EV + bet

Not noone wins , but most people who gamble is always in losing.
It is like there is 10 player, a casino gives 1 player to win and actually the funds is taken from the rest of 9 player.
Because there is house edge , then they take percentage from there , that's why it called 'everyone lost'.

There's plenty of games that has no house edge, one of them are sports betting or those that we call as skilled based games. It is not only the house edge that made us lose in the long run but the lack of discipline in gambling, we always want it instant and that makes us greedy. If we think it is easy to win in gambling then that would only make us lose as we will not work hard to discover a working method.

Lack of discipline or something is a personal problem right?
So it's not the point , the point is when you as a player against the house edge will always give you bad result in the end
Why? Simply you need a luck to be the one who given a winning by the house everytime you play which it is hard.

diegz

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Quote from: Punggawa on January 26, 2017, 06:28:47 AM

I think that not everyone lose in gambling for the long run
there's many of the people can survice and get a profit from gambling. We know is not easy to do that
we need a skill and lucky for sure.

Nope, I don't see it like that. Gambling result in the long run is always losing. When I say losing, it's not just money that you lose here, it includes your time that's probably been useful when you dedicate it to useful acts. Same as in money, in the long run, you may win few times, yes, that's true, but if you total it all, your wins and your lose, probably your lose is more compared to wins.

Punggawa

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I think that not everyone lose in gambling for the long run
there's many of the people can survice and get a profit from gambling. We know is not easy to do that
we need a skill and lucky for sure.

rizkyhiw

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Quote from: AjithBtc on January 25, 2017, 07:59:32 AM

Quote from: zagarcoin on January 22, 2017, 11:48:43 AM

Would be very difficult to win some profits by gambling, if you can gamble for fun and know when to stop, you will not suffer huge losses.

As quoted profiting from gambling is really hard. Lucky people get it easy, but luck too won't stand long. While understanding the real facts and knowing the limits user could have lost some amount on gambling. Gambling for fun alone gives a positive vibe as well an excitement.

Yeah people should wake up from dreaming to get profit in the long run
It's impossible to make it happen unless you gamble for once only
I mean bet one time 100 btc for example and don't get lured to come back , won it like 200 btc then withdraw it all
With that way you will not lost , but win forever.

mishi44

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I hear if you are capable you sustain for long run and start making profits, but this tread is saying totally opposite. If you bet for small amount like 1$ then you can get more chances and thus this allows you to understand better on where to bet and where not to bet.

wuvdoll

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Quote from: passwordnow on January 23, 2017, 04:02:06 AM

Quote from: zagarcoin on January 22, 2017, 11:48:43 AM

Would be very difficult to win some profits by gambling, if you can gamble for fun and know when to stop, you will not suffer huge losses.

It is really one of the hardest way to make money if you are going to treat gambling as source of your income. And it is already fated that a gambler will just lose in the end. So instead of thinking and aiming that you are going to win some amount, its better that you are just going to enjoy every single satoshi's that you are going to bet and just have fun.

Not so much if you are smart and firm on your strategies like a friend of mine does arbitrage betting and he never gives any loss in gambling but the problem doing so is that people often get frustrated and they make some rush bets. I am among the ones who tried arb but never succeeded.

shulio

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Quote from: poplolnman on January 25, 2017, 07:53:14 AM

as long as you play on a game that have a house edge which it's has -EV , i'm sure you wouldn't have fun at all and never get profit in the long run. but you can try a game like poker or sportsbetting which has +EV , at least you would have better chance to fight for your luck there instead against house edge that honestly i think it's never ending.

If sportsbetting has EV+ house edge then everyone will win and no one will open up sportsbook site. Does this even make sense to you? because it doesnt to me, you might need to make some math calculation for this. Even if you do few math calculation, you wont really see sportsbet as an EV+ game

markyminer

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Quote from: 2double0 on January 25, 2017, 08:53:05 AM

Quote from: AjithBtc on January 25, 2017, 07:59:32 AM

Quote from: zagarcoin on January 22, 2017, 11:48:43 AM

Would be very difficult to win some profits by gambling, if you can gamble for fun and know when to stop, you will not suffer huge losses.

As quoted profiting from gambling is really hard. Lucky people get it easy, but luck too won't stand long. While understanding the real facts and knowing the limits user could have lost some amount on gambling. Gambling for fun alone gives a positive vibe as well an excitement.

It is not requisite that everything is based on luck alone. Luck part matters a lot, but people who don't understand anything should not think of touching it. I mean if you are not good at dice, don't play it when you know that you are better at poker. Same applies to sports betting as well, if you don't know basketball, don't try to be over-smart by betting on intuitions, but you should concentrate on sports that you know well and bet on the same, as here, luck factor is not needed much because you will have analysis as well as knowledge of it.

i think we can categorize different gambling games according to their risk and profit. as in dice games we mostly depend on our luck and there is not use of experience and skill so dice games are too much risky because no one can be lucky for every time. while in sports game if you know good knowledge about the teams and their players performance then sports gambling is comparability less risky.

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Quote from: AjithBtc on January 25, 2017, 07:59:32 AM

Quote from: zagarcoin on January 22, 2017, 11:48:43 AM

Would be very difficult to win some profits by gambling, if you can gamble for fun and know when to stop, you will not suffer huge losses.

As quoted profiting from gambling is really hard. Lucky people get it easy, but luck too won't stand long. While understanding the real facts and knowing the limits user could have lost some amount on gambling. Gambling for fun alone gives a positive vibe as well an excitement.

Not gambling at all is the only positive vibe.
Controlling your addictions is the only positive vibes.
Dont kid yourselves people
lol

2double0

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Quote from: AjithBtc on January 25, 2017, 07:59:32 AM

Quote from: zagarcoin on January 22, 2017, 11:48:43 AM

Would be very difficult to win some profits by gambling, if you can gamble for fun and know when to stop, you will not suffer huge losses.

As quoted profiting from gambling is really hard. Lucky people get it easy, but luck too won't stand long. While understanding the real facts and knowing the limits user could have lost some amount on gambling. Gambling for fun alone gives a positive vibe as well an excitement.

It is not requisite that everything is based on luck alone. Luck part matters a lot, but people who don't understand anything should not think of touching it. I mean if you are not good at dice, don't play it when you know that you are better at poker. Same applies to sports betting as well, if you don't know basketball, don't try to be over-smart by betting on intuitions, but you should concentrate on sports that you know well and bet on the same, as here, luck factor is not needed much because you will have analysis as well as knowledge of it.

AjithBtc

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Quote from: zagarcoin on January 22, 2017, 11:48:43 AM

Would be very difficult to win some profits by gambling, if you can gamble for fun and know when to stop, you will not suffer huge losses.

As quoted profiting from gambling is really hard. Lucky people get it easy, but luck too won't stand long. While understanding the real facts and knowing the limits user could have lost some amount on gambling. Gambling for fun alone gives a positive vibe as well an excitement.

poplolnman

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Quote from: jossiel on January 23, 2017, 12:25:07 AM

Quote from: poplolnman on January 22, 2017, 12:01:09 PM

Quote from: aardvark15 on January 22, 2017, 08:45:09 AM

I tend to agree that you will eventually lose in gambling always. It's better to just gamble for entertainment rather than to make money.

yeah actually it has proven by a lot of research about how much chance a player can win against house edge? the answer was below 1 percent or so. pretty clear i guess for everyone to avoid gambling for making profit . do it for entertainment purpose only , it wouldn't be a matter at all even you always lost.

I don't even think that it is going to be lesser than 1 percent because most of the time we are less fortunate with gambling and it is making us lose all the time.

No matter how we are going to be good at any gambling game, higher chances of losing is always there.

There might be people who are really lucky enough but they are really one of the kind and that's not going to happen to us.

as long as you play on a game that have a house edge which it's has -EV , i'm sure you wouldn't have fun at all and never get profit in the long run. but you can try a game like poker or sportsbetting which has +EV , at least you would have better chance to fight for your luck there instead against house edge that honestly i think it's never ending.

Monnt

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Quote from: erwin45hacked on January 23, 2017, 01:29:25 AM

Quote from: diegz on January 23, 2017, 12:30:22 AM

Well, that's not always the case. Sometimes even if you have techniques or whatever that we do to make losing slow down, if not prevented it's not enough, remember, when we are betting, we depend on luck and not just any beliefs to win.

There is no such thing as believing that you will win. If everyone keep losing and no one wins then how is it possible that people keep coming back to the site? There is a thin line between a smart and a lousy gambler, for me I dont keep on rampaging my money when I lose in fact I tend to find and gamble EV + bet

Believing that we will win is the only reason why all gamblers actually gamble, no ?
And maybe that's why he said that. But yeah actually loosing in gambling is better because you then get bored with it while when you win you get addicted. The loose and wins often is what keeps the gambler disturbed and addicted at the same time.

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Quote from: shulio on January 23, 2017, 11:03:57 AM

Quote from: TheUltraElite on January 23, 2017, 04:10:22 AM

Most people start to gamble with an idea of having fun and entertainment in the first place.

There are alot of other entertainment but people choose to gamble? if you wonder why then probably you could think of the reason already, it is for money. More people is actually gamble for money instead of just having fun or atleast doing both of them, people still think that it is nice to win even when they are just having fun

Indeed because having fun along with the possibility of getting the money with interest is possible only with gambling. Watching a movie cannot give you pay back in any form rather its a simple cost of entertainment, but problem with gambling is that we just bet much more than we can afford and hence its such a big issue in the society now. Consider someone spending like 10-20 dollars a week on gambling then no issues cause they could easily have spent that much on other activities.

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Quote from: Caladonian on January 25, 2017, 12:23:06 AM

when we are in the game we always wanted to win and to keep winning greediness follows and thats why we keep on losing.

Everyone wants to win and that is just normal however if you hope to keep on winning everytime than that is just not possible unless you are actually playing an EV + game then you might ended up winning. We will always lose in the long run and unless variance happen when you are still gambling.

Kasabus

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Quote from: Caladonian on January 25, 2017, 12:23:06 AM

Quote from: Natalim on January 24, 2017, 09:22:47 PM

Quote from: RealPhotoshoper on January 24, 2017, 08:49:25 PM

Quote from: erwin45hacked on January 23, 2017, 01:29:25 AM

Quote from: diegz on January 23, 2017, 12:30:22 AM

Well, that's not always the case. Sometimes even if you have techniques or whatever that we do to make losing slow down, if not prevented it's not enough, remember, when we are betting, we depend on luck and not just any beliefs to win.

There is no such thing as believing that you will win. If everyone keep losing and no one wins then how is it possible that people keep coming back to the site? There is a thin line between a smart and a lousy gambler, for me I dont keep on rampaging my money when I lose in fact I tend to find and gamble EV + bet

Not noone wins , but most people who gamble is always in losing.
It is like there is 10 player, a casino gives 1 player to win and actually the funds is taken from the rest of 9 player.
Because there is house edge , then they take percentage from there , that's why it called 'everyone lost'.

There's plenty of games that has no house edge, one of them are sports betting or those that we call as skilled based games. It is not only the house edge that made us lose in the long run but the lack of discipline in gambling, we always want it instant and that makes us greedy. If we think it is easy to win in gambling then that would only make us lose as we will not work hard to discover a working method.

i guess there's also house edge from sports betting if you can see the diff from odd that's consider the house edge, and regarding to your statement it is correct that we make our loses because of lack of discipline when we are in the game we always wanted to win and to keep winning greediness follows and thats why we keep on losing.

Maybe what you are referring is the juice of 10%, yeah, maybe it can be considered as house edge but you can still choose to have an odds like 2.0 or higher. If you always take the odds of 1.90, in the long run you will really lose. It is quite bigger than what the dice sites are offering.

Topic: Everyone looses in the long run - page 17. (Read 96775 times)