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Topic: Everyone looses in the long run - page 68. (Read 96765 times)

hero member
Activity: 714
Merit: 500
July 28, 2016, 10:36:33 AM
Absolute truth that in the end you will be nothing else but looser if you keep gambling. Here is how gambling make everyone loose there are categories of losers some at start remain without money. Some people who we call lucky resist some time as luck is on their side. Luck will never be in favor of gambler all the times. both experienced and inexperienced face same fate in the long run which is just lost.
legendary
Activity: 3038
Merit: 1169
July 28, 2016, 10:34:18 AM
Yes, you will always lose and the house would win most times  unless you develop  an edge you can exploit.

An edge can be any piece of information a gambler uses to gain an advantage over the house when placing a bet.  For example, if a gambler has inside information from team officials that a player is injured or will not play their usual role, that is a big advantage. 

Many sportsbooks and bookmakers use historical data and any available information to gain an edge over those placing bets.  If a player on a team has a favorable matchup or valuable information about their opponent, the athlete is considered to have an edge.

Furthermore, talented superstar athletes like that of Ronaldo or Messi give their team an edge because of their ability.


But Sports Betting does not have house edge! so the edge in a gambling can never be determine but yes in sports betting you can surely have an advantage if you had common knowledge with a player or a team depending on the said winning rate of a player or a team, but in a regular or other gambling methods that are base on luck it is hard to see an edge in betting within it.
sr. member
Activity: 322
Merit: 250
July 28, 2016, 10:05:30 AM
Yes, you will always lose and the house would win most times  unless you develop  an edge you can exploit.

An edge can be any piece of information a gambler uses to gain an advantage over the house when placing a bet.  For example, if a gambler has inside information from team officials that a player is injured or will not play their usual role, that is a big advantage. 

Many sportsbooks and bookmakers use historical data and any available information to gain an edge over those placing bets.  If a player on a team has a favorable matchup or valuable information about their opponent, the athlete is considered to have an edge.

Furthermore, talented superstar athletes like that of Ronaldo or Messi give their team an edge because of their ability.
hero member
Activity: 910
Merit: 500
July 28, 2016, 09:44:02 AM

for me not everyone lose in gambling because some of us are playing gambling for life they like playing gambling for their daily expenses they get their profit in playing gambling yes you can make a lots of money because of gambling you can double your money as easy as 123 it depends always in your strategy don't be too greedy and you will be win for sure  Grin

That is really strange to hear you can make double your amount very easy like 123, you can bankrupt the casinos easily if you are consistent to make guaranteed profit than very soon all casinos will get afraid by you, in reality it is very hard to win in gambling and make earning for your life.


yeah haha it sounds funny lol i never heard or saw anyone winning that 123 easy you we are saying mate , there is no such way as too easy win for gambling world you can try it out
hero member
Activity: 714
Merit: 500
July 28, 2016, 09:41:25 AM

for me not everyone lose in gambling because some of us are playing gambling for life they like playing gambling for their daily expenses they get their profit in playing gambling yes you can make a lots of money because of gambling you can double your money as easy as 123 it depends always in your strategy don't be too greedy and you will be win for sure  Grin

That is really strange to hear you can make double your amount very easy like 123, you can bankrupt the casinos easily if you are consistent to make guaranteed profit than very soon all casinos will get afraid by you, in reality it is very hard to win in gambling and make earning for your life.
hero member
Activity: 1568
Merit: 511
July 28, 2016, 09:39:43 AM
exactly, due to house edge,
Mathematically it should be 49 ppl win 51 ppl lose

But what i see is
=
only 1% of ppl win while 99% lose?Tongue
member
Activity: 112
Merit: 10
July 28, 2016, 09:37:12 AM
Everybody loses in gambling in the long run but some clever and successfull bettors can make their living from sport bets. It's like a profession. If you have great game plans and your discipline is at max, you can make a lot of money from betting. Don't mix your feelings when you bet.
for me not everyone lose in gambling because some of us are playing gambling for life they like playing gambling for their daily expenses they get their profit in playing gambling yes you can make a lots of money because of gambling you can double your money as easy as 123 it depends always in your strategy don't be too greedy and you will be win for sure  Grin
full member
Activity: 210
Merit: 100
July 28, 2016, 09:33:59 AM
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.

I agree with you if you are only considering pure casino games, but if you put poker and sports betting in that equation, then I can't agree. There are many professional poker players, and sportsbetting professionals, that dedicate their life to those games, and are consistent winners in the long run. They don't win every time as that is impossible, but they do make good profit in the long run.

I'm holding a Sports betting competition, we are now going to our VIII edition, and we decided to create an Hall of Fame, to track the progress of our competitors, and even there you can see players that are doing well consistently over VII editions. Take a look at our Hall of Fame:
https://bitcointalksearch.org/topic/m.13024635

I do believe that you can win in the long run if you are good at poker or sports betting. And you can do that even if you are not a professional, as you can see in the link above.

I must agree with FrueGreads on this one. I'm participating on this competition and I made it to that Hall of Fame, and I'm now in 7th place there.
I'm not a professional gambler, so if I can make profit in sports betting, I guess everyone can, if they take a serious and controlled approach to it.
I see bitbollo and Omikifuse on top of that list, and they have 7 prizes on the last 7 competition, and made a profit of 1.9 and 1.5 BTC just on prizes, and then got the profit form the bets alone. Those competition last for a month so its 7 months now in profit, so that looks like profit in the medium/long run to me

It's because poker and Sports betting give doesn't require pure luck, it gives you a chance to learn or practice your skill with this games thus making you profit even though you'd stayed on the game for a long run.
hero member
Activity: 910
Merit: 500
July 28, 2016, 09:30:48 AM

Hello
I agree with the OP. Gambling is never a good investment. It is always a loss. So you should gamble only that money which you are willing to lose in the first place.Also luck is a factor. Maybe 1 in every 10000 people do make a profit and that is the reason why people flock at casinos - in hope of earning easy cash but that never occurs.

if you would just say the general way of gambling then i must disagree with you because as you can see gambling site owners invested some amounts and now keeps on circulating too fast but  if you are referring to be a player then i must agree with you.
legendary
Activity: 3248
Merit: 1160
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July 28, 2016, 09:27:56 AM
Gambling site was built by the owner to give him the profit of money he has spent. Gambling isnt a charity foundation that give people free money anytime. Although there are some professional gamblers out there, the site owner surely will be always trying to beat all of them. Thats the fun side of gambling, where we could test our luck and skills combined against the house. Maybe you couldnt win everyday, but if you bet responsibly and patiently, you couldnt be disappointed so bad.
yes gambling is to play luck. victory in playing gambling heavily influenced by luck and for me gambling site owners always have good luck. they will get a lot of money for providing services. it was very fair in the world of gambling.

so we should then learn how to create and handles your own gambling site if you really wanted to be in the profited list. But i think it is that easy as imagined so in my opinion for now is to stay away from gambling
You should start with the capital first because thinking of other things. The hardest requirement in making a good gambling site is the capital, you need to expense a considerable amount of money in the beginning for the market as that is the trend here in order for you to attract gamblers that would play.
hero member
Activity: 910
Merit: 500
July 28, 2016, 09:15:12 AM
Gambling site was built by the owner to give him the profit of money he has spent. Gambling isnt a charity foundation that give people free money anytime. Although there are some professional gamblers out there, the site owner surely will be always trying to beat all of them. Thats the fun side of gambling, where we could test our luck and skills combined against the house. Maybe you couldnt win everyday, but if you bet responsibly and patiently, you couldnt be disappointed so bad.
yes gambling is to play luck. victory in playing gambling heavily influenced by luck and for me gambling site owners always have good luck. they will get a lot of money for providing services. it was very fair in the world of gambling.

so we should then learn how to create and handles your own gambling site if you really wanted to be in the profited list. But i think it is that easy as imagined so in my opinion for now is to stay away from gambling
hero member
Activity: 2954
Merit: 672
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July 28, 2016, 09:13:18 AM
some strategies can work if you follow you gut, combined with depositing money that you dont care about if you lose because all you want is to double your money in easy way get into addiction in long term and getting losses to your wealth slowly for me it's better if you stay away from gambling because it will never ever fix your life as a human being no hatin just sayin  Roll Eyes Roll Eyes
No one will hate you here because what you are saying is true, we should only put a money that we don't care of losing as that is the only way that we cannot be addicted in gambling. Like me, I have gambled regularly but there is not problem with that because I can afford the amount I bet.

We just have to be responsible enough to do the right things in gambling because of the normal risk it associated and we don't wanna experience the worst scenario like what happen to other gamblers who have a bad luck.
sr. member
Activity: 630
Merit: 267
Just follow the rules
July 28, 2016, 09:09:13 AM
some strategies can work if you follow you gut, combined with depositing money that you dont care about if you lose because all you want is to double your money in easy way get into addiction in long term and getting losses to your wealth slowly for me it's better if you stay away from gambling because it will never ever fix your life as a human being no hatin just sayin  Roll Eyes Roll Eyes
sr. member
Activity: 337
Merit: 250
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July 28, 2016, 09:00:00 AM
Everybody loses in gambling in the long run but some clever and successfull bettors can make their living from sport bets. It's like a profession. If you have great game plans and your discipline is at max, you can make a lot of money from betting. Don't mix your feelings when you bet.
Some people do not have that capacity. They end up borrowing/stealing money from their friends without telling them it's to go play poker. Some addicts destroy the lives of everyone around them, and I am I admit one of those people who may end up doing that. I won $3000 at a casino all at once one time and I thought it was a way to make money. Never hit that jackpot again since.
lucky you i never hit a jackpot  Angry

i also never hit that jackpot , I think that it was also the main reason why i quit gambling because i was depressed of not winning in all my bets so before its get worst i realize to stop

I think it is good that you realized that gambling is just playing with our luck.  Everyone except the house is programmed to lose on the long run in gambling.  Reason is that when you played long enough, the possibility of house edge kicking in increases until such time that every roll house edge kicks in.

I must a agree with them that it can gives as thrill while we play gambling because luck matters so we even dont know what would going to happen Cheesy
yeah, there is a great thrill for me when i gamble my money too though i think it is not a good thing because it might get addicted over time
legendary
Activity: 1596
Merit: 1011
July 28, 2016, 08:45:21 AM
Gambling site was built by the owner to give him the profit of money he has spent. Gambling isnt a charity foundation that give people free money anytime. Although there are some professional gamblers out there, the site owner surely will be always trying to beat all of them. Thats the fun side of gambling, where we could test our luck and skills combined against the house. Maybe you couldnt win everyday, but if you bet responsibly and patiently, you couldnt be disappointed so bad.
yes gambling is to play luck. victory in playing gambling heavily influenced by luck and for me gambling site owners always have good luck. they will get a lot of money for providing services. it was very fair in the world of gambling.
full member
Activity: 154
Merit: 100
July 28, 2016, 08:27:15 AM
If you know how to deal with loses and don't have a compulsive personality you can make pretty good gains, but most people get caught in the feeling of greatness that you get after nailing a good debt, you feel like a god that can't fail and want more, should say youre invincible then you end up lossing it all.


I think people always being greedy when they win so much money on gambling, they will bet more and more to get more profit and it's make them busted and loses all in the end.

Yeah, it's true a lot of gamblers who trust greedy when gambling and greed that the higher the moment they get some pretty good victories in each of the games are done. It is very amateurish and resulted in a defeat that was quite true and also a devastating addiction to life. Control yourself and do the best possible gambling
hero member
Activity: 2954
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July 28, 2016, 08:08:35 AM
If you know how to deal with loses and don't have a compulsive personality you can make pretty good gains, but most people get caught in the feeling of greatness that you get after nailing a good debt, you feel like a god that can't fail and want more, should say youre invincible then you end up lossing it all.


I agree with you but the reason why people lose generally is because they don't know how to deal with losses and they end up betting to break even and that's what puts them in the negative.
it is not the matter of you have reached the break even or not .
because noone can calculate it since beginning they gamble , it is unidentified thing.
the reason everyone lost if they play in long run is the odds stacked against gambler , short term you may win , long term you dead.
Even if there is no house edge like in sports betting but you failed to follow the right bankroll management, you will still lose in the long run because the money of the house is unlimited while your money is just limited. Having no goal amount to win in gambling would not help us as most of the time we end up losing if we don't know how to stop in our gambling session.
legendary
Activity: 1050
Merit: 1001
July 27, 2016, 10:26:16 PM
If you know how to deal with loses and don't have a compulsive personality you can make pretty good gains, but most people get caught in the feeling of greatness that you get after nailing a good debt, you feel like a god that can't fail and want more, should say youre invincible then you end up lossing it all.


I agree with you but the reason why people lose generally is because they don't know how to deal with losses and they end up betting to break even and that's what puts them in the negative.
it is not the matter of you have reached the break even or not .
because noone can calculate it since beginning they gamble , it is unidentified thing.
the reason everyone lost if they play in long run is the odds stacked against gambler , short term you may win , long term you dead.
hero member
Activity: 910
Merit: 500
July 27, 2016, 09:04:52 PM
Everybody loses in gambling in the long run but some clever and successfull bettors can make their living from sport bets. It's like a profession. If you have great game plans and your discipline is at max, you can make a lot of money from betting. Don't mix your feelings when you bet.
Some people do not have that capacity. They end up borrowing/stealing money from their friends without telling them it's to go play poker. Some addicts destroy the lives of everyone around them, and I am I admit one of those people who may end up doing that. I won $3000 at a casino all at once one time and I thought it was a way to make money. Never hit that jackpot again since.
lucky you i never hit a jackpot  Angry

i also never hit that jackpot , I think that it was also the main reason why i quit gambling because i was depressed of not winning in all my bets so before its get worst i realize to stop

I think it is good that you realized that gambling is just playing with our luck.  Everyone except the house is programmed to lose on the long run in gambling.  Reason is that when you played long enough, the possibility of house edge kicking in increases until such time that every roll house edge kicks in.

I must a agree with them that it can gives as thrill while we play gambling because luck matters so we even dont know what would going to happen Cheesy
legendary
Activity: 3808
Merit: 1723
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July 27, 2016, 09:02:35 PM
If you know how to deal with loses and don't have a compulsive personality you can make pretty good gains, but most people get caught in the feeling of greatness that you get after nailing a good debt, you feel like a god that can't fail and want more, should say youre invincible then you end up lossing it all.


I agree with you but the reason why people lose generally is because they don't know how to deal with losses and they end up betting to break even and that's what puts them in the negative.
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