Everyone looses in the long run - page 86.

adibe

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Quote from: zimmah on June 16, 2016, 06:23:53 AM

If the gambling is skill-based you can beat the house edge and profit.

For example with poker or sport betting.

Yes, i agree with you. It's really depend on what type of gambling do you bet, if you gambling on poker you can gamble for long run with big bankroll.

zimmah

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If the gambling is skill-based you can beat the house edge and profit.

For example with poker or sport betting.

pereira4

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Quote from: Finestream on June 15, 2016, 08:17:27 AM

Quote from: pereira4 on June 15, 2016, 07:15:32 AM

The greatest demise of every gambler ever is not knowing when to stop, you must learn to say "enough", or you will become an insane man that just doesn't stop gambling and always tries to take revenge on luck, which is absurd and can only lead you to massive losses.

Absolutely, gamblers with the aim to earn more money in gambling would most likely has that kind of attitude towards gambling, as a human we are greedy because we want to experience a comfortable life and we know for a fact that only few are living rich in this world and as an average person we like to experience the life of the rich which has a financial freedom, sadly our way of achieving money is wrong because we want it instant and we find gambling that gives us the opportunity to make that happen.

Humans want big, quick results in little time, because we value time over money, so it's understandable, but not realistic.
This is why you must believe in a project, in this case Bitcoin, and hold long term. Because of this very premise that most humans are impatient, it means the few that hold long term will make it and become rich, and the ones that keep wasting their BTC for fiat will be the ones that cry in the end.

Zooplus

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Gambling for me is not just easy money, we need to have a control of our self in order to achieve our goal. If our goal is only to be entertain in gambling then we should focus on that and don't ever change that goal with more interest on money because that would start the gambling addiction.

We know that in a game where there is a house advantage regardless of how low it is we lose in the long run, luck is only your chance of winning but you cannot be lucky everytime so you still lose.

Nameless Coin

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Of course is everybody loosing on a long run and that is only because they just keep going everyday and not just lose something loses everyday more and more.

YuginKadoya

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Quote from: Finestream on June 15, 2016, 08:17:27 AM

Quote from: pereira4 on June 15, 2016, 07:15:32 AM

The greatest demise of every gambler ever is not knowing when to stop, you must learn to say "enough", or you will become an insane man that just doesn't stop gambling and always tries to take revenge on luck, which is absurd and can only lead you to massive losses.

Absolutely, gamblers with the aim to earn more money in gambling would most likely has that kind of attitude towards gambling, as a human we are greedy because we want to experience a comfortable life and we know for a fact that only few are living rich in this world and as an average person we like to experience the life of the rich which has a financial freedom, sadly our way of achieving money is wrong because we want it instant and we find gambling that gives us the opportunity to make that happen.

But in getting into gambling more and more in aiming to get lots of money from it you will never realized how addicted your gonna become and addiction will get much worst from time to time that's gonna become an illness, Addiction changes the brain, disturbing the normal hierarchy of needs and desires.

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Quote from: Finestream on June 15, 2016, 08:17:27 AM

Quote from: pereira4 on June 15, 2016, 07:15:32 AM

The greatest demise of every gambler ever is not knowing when to stop, you must learn to say "enough", or you will become an insane man that just doesn't stop gambling and always tries to take revenge on luck, which is absurd and can only lead you to massive losses.

Absolutely, gamblers with the aim to earn more money in gambling would most likely has that kind of attitude towards gambling, as a human we are greedy because we want to experience a comfortable life and we know for a fact that only few are living rich in this world and as an average person we like to experience the life of the rich which has a financial freedom, sadly our way of achieving money is wrong because we want it instant and we find gambling that gives us the opportunity to make that happen.

And this is exactly what proves that everyone loses in the long run. The only ones who can get away with this however, are those whose not really into gambling. And are just playing because they want to have fun. But those who are going with Gambling because they are looking at it as means of getting instant cash, sorry but no. Those people will just end up with heavy regrets.

Finestream

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Quote from: pereira4 on June 15, 2016, 07:15:32 AM

The greatest demise of every gambler ever is not knowing when to stop, you must learn to say "enough", or you will become an insane man that just doesn't stop gambling and always tries to take revenge on luck, which is absurd and can only lead you to massive losses.

Absolutely, gamblers with the aim to earn more money in gambling would most likely has that kind of attitude towards gambling, as a human we are greedy because we want to experience a comfortable life and we know for a fact that only few are living rich in this world and as an average person we like to experience the life of the rich which has a financial freedom, sadly our way of achieving money is wrong because we want it instant and we find gambling that gives us the opportunity to make that happen.

pereira4

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The greatest demise of every gambler ever is not knowing when to stop, you must learn to say "enough", or you will become an insane man that just doesn't stop gambling and always tries to take revenge on luck, which is absurd and can only lead you to massive losses.

YuginKadoya

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Quote from: sobsitesearch on June 15, 2016, 03:01:25 AM

yes everyone looses in the long run because gambling is not profitable at first you will win and you getting some fun on it but in the long run you did not notice that your bitcoin are starting to lose.

This is because gambling is really risky you need to realized at first that gambling should not be taken lightly because if you do you will definitely gonna regret it in the end, you must be very cautious at times when it comes to gambling.

CoinsRoyal

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

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.

opffcourse is everybody loosing allot of money on th elong run that is not strange if you keep coming back every day you will lose allot of money for sure make sure you dont gamble everyday.

sobsitesearch

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yes everyone looses in the long run because gambling is not profitable at first you will win and you getting some fun on it but in the long run you did not notice that your bitcoin are starting to lose.

bitlancr

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Quote from: bank of bits on November 10, 2015, 08:07:32 AM

Quote from: bering on November 10, 2015, 04:51:50 AM

some people always felt curious if they lose by doing a gambling and will continue to do so until they could win
i think it is causing people looses in the long run

few people could recover their money, or maybe they will lose more
it seems all the more reason about loses long run, its there is it
did you ever see any other reason why lose in long run ?

It is somewhat impossible to win from those casinos with gambling in the long run, I have tried it and my record is not even worth mentioning. I have lost to many times.

italianobitcoin

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Quote from: Superhitech on June 14, 2016, 08:57:44 PM

Quote from: WaffleMaster on June 14, 2016, 08:17:53 PM

Quote from: BTC2Social on June 14, 2016, 05:27:37 PM

I have long understood that losing always comes with the territory when you wander into the gambling business, just as getting crippled for life is an acceptable risk in the linebacker business. They both are extremely violent sports, and pain is part of the bargain. Buy the ticket, take the ride.

Yes but there are actually legitimate ways to beat the house with gambling. You just have to be extremely intelligent and think outside of the box.

Actually, not really. There's no way to eliminate the house edge in a dice game, you can just make it smaller but there is no way to completely eliminate it.

The only game that I can think of where you can eliminate the house edge is bustabit.com, where if you cash out last, you will collect a bonus, therefore eliminating the house edge.

The chance of losing in gambling is quite high and that is really bad because you can lose a lot of money with gambling and that is bad if you are not realizing that.
But you must dont play that much so you are not losing also that much money.

hermanhs09

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Well, yes, everyone does lose in the long run and this isn't really any new news to us. It can only be possible for people to lose in the long run, because there is a 1% house edge usually in place.

However, this doesn't mean that we can't win in the short run.

CoinsRoyal

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Off course is everybody loosing allot of money on a long run but there are also gamblers who plays poker or such games that also win allot on a long run.

smho_16

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Quote from: lorylore on June 15, 2016, 01:04:57 AM

Quote from: sana9827 on June 14, 2016, 10:54:41 PM

If you're good in poker you can make a living of it.
I think the same counts for betting on sports, if you know enough about sports to make good bets.
But dicegames, slots and casino games are all losing bets by design.

The only casino game you could profit from is blackjack, if you count cards at a local casino, but if they catch you they will ban you from the casino, because they don't like it when you do that.

Even counting cards are not much of a use for now because some casino use 4 decks of cards instead of the usual 2 to minimize the effect of card counting. And i agree on the poker and sport betting, cause we have already seen professional poker players on tv and we have a lot of sport betters here. They have made quite a considerate amount of profit since they start their thread.

I agree a lot of sports betters here have helped me regain some of my losses, still in the long run to follow them you really have to have a huge bankroll as they may be hit by a bad streak and for example I know one of the tipsters not putting any name here, that had 6 consecutive losses and you risk of losing all of your bankroll if you for example do martingale and losing almost all bankroll if you play a fixed percentage for every bet. So in the long run is very risky although not everyone loses in the long run, most of people do.

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Quote from: sana9827 on June 14, 2016, 10:54:41 PM

If you're good in poker you can make a living of it.
I think the same counts for betting on sports, if you know enough about sports to make good bets.
But dicegames, slots and casino games are all losing bets by design.

The only casino game you could profit from is blackjack, if you count cards at a local casino, but if they catch you they will ban you from the casino, because they don't like it when you do that.

Even counting cards are not much of a use for now because some casino use 4 decks of cards instead of the usual 2 to minimize the effect of card counting. And i agree on the poker and sport betting, cause we have already seen professional poker players on tv and we have a lot of sport betters here. They have made quite a considerate amount of profit since they start their thread.

Capradina

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Quote from: akosipepot on June 14, 2016, 11:57:54 PM

Well that's true.if you are a greedy person in gambling and don't think to quit for a long run you pretty sure to loose some btc that you have. so better to control your self when you are in gambling.Just enjoy it. if you when some btc then if you think that's good enough then time to quit and come back for tomorrow.

It is true, if all the people who made gambling with the greedy will certainly result in a defeat so fatal to them, let alone that they don't realize that greed!/Gambling should be done in a way that is quiet and full of strategy + trick, except gambling sport.

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Quote from: roadbits on June 15, 2016, 12:22:09 AM

Quote from: senyorito123 on June 15, 2016, 12:07:38 AM

Quote from: EdenHazard on June 14, 2016, 10:53:35 PM

Quote from: WaffleMaster on June 14, 2016, 08:17:53 PM

Quote from: BTC2Social on June 14, 2016, 05:27:37 PM

I have long understood that losing always comes with the territory when you wander into the gambling business, just as getting crippled for life is an acceptable risk in the linebacker business. They both are extremely violent sports, and pain is part of the bargain. Buy the ticket, take the ride.

Yes but there are actually legitimate ways to beat the house with gambling. You just have to be extremely intelligent and think outside of the box.

exactly , think different make you out of pressure that you always have to win in every single bet.

which it is impossible for us to always win , but your head always thinking about it and want it. it is clearly if we keep playing until the dead coming you still will find yourself in lost . unless you decide to stop gamble when your are up in profit.

Yeah its very imposible to win always in gambling since we are not born lucky everyday but since if we have good strat and set limits of winnings and run by that big chance for us to win in gambling because even if we have good strat but we gamble for more surely the house will busted us and make us lose because they design gambling to make us lose by our own greediness.

Yup this greediness is very bad habit. this will be there with everyone and this is only make us to loose our money actually some time our luck works and we will make some profit but because of this greedy we loose that amount that day itself once we lost everything after we will get realise about this. We can not do anything we humans are like this only so house owners are rich we are still poor.

Majority of the gamblers sole interest is to win and earn money in an easy way, that fact alone would only prove that there are a lot of gambling addicts, and they will really be addicted because of their losses they will come back until they don't have something to bet on.

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