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Topic: Everyone looses in the long run - page 80. (Read 96765 times)

member
Activity: 108
Merit: 10
July 06, 2016, 08:27:30 AM
To win in the long run. you need to learn the game and beat it. Gambling requires skill and luck like poker, blackjack. You need to have a solid plan like bankroll management so you can still play, and handle the downswing. You also learn to control your emotion and have a discipline.
hero member
Activity: 490
Merit: 500
July 06, 2016, 08:15:30 AM
I agree with OP. Everyone losses in the long run, especially on dice sites or casino games that have provably fair, but if you have big bankroll, you can go long run on it.
I think there should be careful when you use a large capital in gambling. believe it or not that while you have the money you're going continue to gamble and if your bankroll much you will always be a gamble for a profit or at least recover losses. but rather it will be a long-term defeat for them.
hero member
Activity: 3052
Merit: 606
July 06, 2016, 07:52:52 AM
The house edge is what makes the house always win in the long run. There is no way you can cheat the house edge(Unless you are hufflepuff with an exploit, of course Wink)

That's why investing in the house can be profitable. You're gambling with a negative house edge.
I agree but some people does not want to invest in gambling because they don't want to wait for more time before they can profit, they want to make instant money and they can only do that gambling being lucky.

Any investments gives profits in short time are depends on luck only so if you want reduce your loses then go for slow and steady growth. If you want to reduce your losses you can consider to diversify your investments on few good casinos. I gamble only for fun at my free time and so for still in some profits but not so much.
I agree with you, we need to diversify our investment with different casinos to minimize the risk, I believe that is the best way to make our investment profitable overtime.
legendary
Activity: 1456
Merit: 1005
July 06, 2016, 07:04:02 AM
The house edge is what makes the house always win in the long run. There is no way you can cheat the house edge(Unless you are hufflepuff with an exploit, of course Wink)

That's why investing in the house can be profitable. You're gambling with a negative house edge.
I agree but some people does not want to invest in gambling because they don't want to wait for more time before they can profit, they want to make instant money and they can only do that gambling being lucky.

Any investments gives profits in short time are depends on luck only so if you want reduce your loses then go for slow and steady growth. If you want to reduce your losses you can consider to diversify your investments on few good casinos. I gamble only for fun at my free time and so for still in some profits but not so much.
hero member
Activity: 1302
Merit: 540
July 06, 2016, 04:16:10 AM
The house edge is what makes the house always win in the long run. There is no way you can cheat the house edge(Unless you are hufflepuff with an exploit, of course Wink)

That's why investing in the house can be profitable. You're gambling with a negative house edge.
I agree but some people does not want to invest in gambling because they don't want to wait for more time before they can profit, they want to make instant money and they can only do that gambling being lucky.
making them realized that the short ways to earn is also the short ways to burned everything, yes in the long run house wins because of that house edge so we can't change that fact anymore better control and win little and quit rather to stay begin being greed and addicted then lose everything.
legendary
Activity: 1106
Merit: 1000
July 05, 2016, 10:56:46 PM
The house edge is what makes the house always win in the long run. There is no way you can cheat the house edge(Unless you are hufflepuff with an exploit, of course Wink)

That's why investing in the house can be profitable. You're gambling with a negative house edge.
I agree but some people does not want to invest in gambling because they don't want to wait for more time before they can profit, they want to make instant money and they can only do that gambling being lucky.
hero member
Activity: 574
Merit: 500
July 05, 2016, 10:43:41 PM
The house edge is what makes the house always win in the long run. There is no way you can cheat the house edge(Unless you are hufflepuff with an exploit, of course Wink)

That's why investing in the house can be profitable. You're gambling with a negative house edge.
legendary
Activity: 1092
Merit: 1000
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July 05, 2016, 10:06:41 PM
I have already tried to play a dice game. Well, whatever strategies I use I end up losing. Indeed, gambling site was created just for fun and if you like to waste the money you can go there. That is not the answer to your financial problems.

Yes gambling should be for fun and not a way to replace your main bread and butter.  Unpredictability is the key and majority loses.  No way can you guarantee that you'll win today breaking you losing streak. 

Losing what the gambling site provides is okay, it's their free faucets anyway.   But depositing and losing them is another.  You might wind up a real loser, losing even the bitcoins you've earned.
newbie
Activity: 6
Merit: 0
July 05, 2016, 09:18:01 PM
thats true so i dont play any gambling games right now
hero member
Activity: 700
Merit: 500
July 05, 2016, 10:37:29 AM
yes true, gambling going bankrupt. Maybe we tasted victory at the beginning, but it will be destroyed at the end
Yeah so true and i think gambling is designed like that to run themself but as a business with our money Smiley its better for us to avoid gambling with more money then we afford to lose !
sr. member
Activity: 252
Merit: 250
July 05, 2016, 10:37:11 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.

I have won 7-1 sports bets on NFL that a way.

I completely agree with that, that teams and emotions should not mix.
If you are betting on your favorite team against a good team, you will lose.

You have to bet logically.
Cold as a machine.

However, I do it for practice, and entertainment.
Never for profit.

As I only bet 1-9 mBTC on something, so if I lose, I don't get bent out of shape.

My problem is when people gamble money they loose then lie to others to get more money to gamble with. For some it's a bad habit. For others it's an enjoyable passtime
Off course is everybody loosing on a long run and that is not strange because there are allot of people who lose on the long run becuase
the casino is made for that they have a winning percentage.
legendary
Activity: 1386
Merit: 1016
July 05, 2016, 10:34:44 AM
Gambling has made so many people in this world cry. It has just simply ruined peoples lives. But you cannot give gambling the blame of that. People need to realize what they are getting them selves into. If you manage your money good gambling should not make your cry. 

Gambling is not wrong but what is the problem is that a lot of people get too addicted to it that they dont know how to control themselves and gamble too much until it affects their lives heavily.
hero member
Activity: 714
Merit: 501
July 05, 2016, 10:13:54 AM
Not actually if you have proper strategy and patience then long term also can return good profit. There are some tactics which are probably used in gambling.
Bitcoin gives great platform for anonymous gambling.

But be careful before investing. Invest that much whatever can be affordable.

Gambling is all about edge. If you don't have the edge, don't gamble if you're doing this for the money. Because the house always has the edge. But if you're doing this for fun, then by all means, gamble all the way. One thing professional gamblers have in common is that they become broke in some point of their lives on more than one occasion.

gambling is all about luck and the chances that you are playing with. and edge is just a subcategory to that. because you need to have a high chance of winning and then you have to get lucky to win that high chance bet otherwise you will lose even on a high chance of winning and no matter short or long term you can either be winner or loser depending on your luck.
sr. member
Activity: 336
Merit: 250
July 05, 2016, 10:04:31 AM
Gambling has made so many people in this world cry. It has just simply ruined peoples lives. But you cannot give gambling the blame of that. People need to realize what they are getting them selves into. If you manage your money good gambling should not make your cry. 
sr. member
Activity: 344
Merit: 250
July 05, 2016, 10:04:29 AM
I am not rich because of gambling and that is because it will be really hard to win some profit with gambling and you have to be lucky with
gambling and that happens not that often that you can earn some profit with it.But I just gamble because I like it to do and that is all, and not be rich of it.
legendary
Activity: 3010
Merit: 1460
July 05, 2016, 09:08:13 AM
Not actually if you have proper strategy and patience then long term also can return good profit. There are some tactics which are probably used in gambling.
Bitcoin gives great platform for anonymous gambling.

But be careful before investing. Invest that much whatever can be affordable.

Gambling is all about edge. If you don't have the edge, don't gamble if you're doing this for the money. Because the house always has the edge. But if you're doing this for fun, then by all means, gamble all the way. One thing professional gamblers have in common is that they become broke in some point of their lives on more than one occasion.
legendary
Activity: 2058
Merit: 1015
July 05, 2016, 08:12:13 AM
I agree with OP. Everyone losses in the long run, especially on dice sites or casino games that have provably fair, but if you have big bankroll, you can go long run on it.
imo bigger bankroll has nothing to do in the long run. You will loss at the end. Big bankroll could just make your playing time longer but couldnt guarantee a profit in the long run.
legendary
Activity: 1176
Merit: 1001
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July 05, 2016, 07:34:19 AM
I agree with OP. Everyone losses in the long run, especially on dice sites or casino games that have provably fair, but if you have big bankroll, you can go long run on it.
No, long run it depends on luck if you're a lucky with a little amount you can play very long time and maybe you could take some money to your pocket.
sr. member
Activity: 448
Merit: 250
July 05, 2016, 05:56:42 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.
Yeah you are not going to win from the casinos in the long run because if that was not the case all of the casinos that exist today would not be here, so they are clearly making money.
If the casinos are making money then that means that the players are losing.
legendary
Activity: 3038
Merit: 1169
July 05, 2016, 04:13:11 AM
This is not the first time i hear this because it is true on a long run you will always lose and that is not strange because when you put so many
into the casino you wont get everything out only if you hit the jackpot.
The majority of reasons why we lost in the long run is due to the fact that the house has the advantage and secondly is due to the thing called greed, we never stop if we win and lose and we always end up losing our money.

Yes because gambling really is a matter of luck and if your not lucky that day when you play I think you will not reach your expected pay out because you would never know when your gonna be lucky and because gambling is really very risky.
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