Everyone looses in the long run - page 9.

n0ne

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Quote from: dunfida on February 11, 2017, 01:25:11 PM

Quote from: cramcram21 on February 11, 2017, 01:19:33 PM

Well yeah we all know it that if you put too much time on gambling even if you are winning almost every game in the gambling,
There will always be a time that you would certainly.

Gambling is really design for its players to lose in the long run thats the thing we should really expect when were playing gambling and we should not aim always on making money because there are times that we are lucky to make money but we should know on when to quit and secure profits.

Gambling websites were developed with huge investments. So they'll make strategies to get the profit out of it. This makes the users not to get continued winning or earning good. So whether long term or short run sure every gambler experiences loss in gambling at some point.

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Quote from: wxa7115 on February 11, 2017, 11:40:07 PM

Evidence shows it is possible, it is not easy, that is why not everyone can do it but there are a significant amount of people figuring out when the odds in an event are not right and getting nice profits with their methods.

What kind of evidence are you talking about? there is no way that you can beat the house edge in the long run no matter how you try unless you are lucky with some jackpots or whatever it is but it is not possible in just normal gameplay. If there are people that win, Im sure that they didnt win in the long run

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Quote from: freedomgo on February 10, 2017, 10:07:35 PM

Quote from: wxa7115 on February 10, 2017, 08:16:00 PM

Quote from: poplolnman on February 09, 2017, 01:35:33 PM

Quote from: shulio on January 25, 2017, 11:41:02 AM

Quote from: poplolnman on January 25, 2017, 08:53:14 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

of course i do, there a lot of things to do to make sportsbetting +EV , like to looking for a news that could affected the team/player form , statistics , head to head etc all of them need to be analyzed then you would have a +EV there. it's doesn't mean everyone would win just because a game have +EV , then makes sense now?

This is correct the house has an advantage over the player but the player can overcome the house advantage by being able to better determine the real chances of something happening, like what team is going to win and getting an edge for himself but it is not easy and not everyone can get it.

You cannot beat the house advantage, that is there main weapon which give them the opportunity to last in the business longer. If you really want to win, go with games that there is not house edge and that is a skilled based games, in that way, you can develop your skills as you stay longer.

Evidence shows it is possible, it is not easy, that is why not everyone can do it but there are a significant amount of people figuring out when the odds in an event are not right and getting nice profits with their methods.

dunfida

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Quote from: cramcram21 on February 11, 2017, 01:19:33 PM

Well yeah we all know it that if you put too much time on gambling even if you are winning almost every game in the gambling,
There will always be a time that you would certainly.

Gambling is really design for its players to lose in the long run thats the thing we should really expect when were playing gambling and we should not aim always on making money because there are times that we are lucky to make money but we should know on when to quit and secure profits.

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Well yeah we all know it that if you put too much time on gambling even if you are winning almost every game in the gambling,
There will always be a time that you would certainly.

Fireblade

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Quote from: pereira4 on February 10, 2017, 12:08:53 PM

Not everyone. Some people get away with a constant streak of luck and then they retire with the millions they make, those are the winners that know when to stop, and that is the key right there to glory: have a few lucky strikes, be it in gambling or investments or anything else, then retire and never gamble again and live from passive income.

yes there are so may pople who are playing gambling for a long time and most of them are treating bitcoin as their profession and they are depending on it for living. and i personally know so many people who are really passing a standard life in gambling. so i do not think that everyone loses in the long run. may be the majority of the people are losing but not all the people.

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Quote from: bhadz on February 11, 2017, 04:51:16 AM

When you experience complete losing, your feeling will trigger and you just want to keep on gambling.

That only happen when you still have fund to do so, if you dont then it is not going to happen. There is no doubt that this affect people alot however bear in your mind that gambling isnt supposed to make you win, if you lose then it is part of the game. It is also fine to do so when you can afford what you gamble

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Quote from: eann014 on February 11, 2017, 01:32:40 AM

Not all can lose in a long run, because some smart people can win in a long run, some of them playing small bet in every game. So they can also play a lot times and some of their games win. Grin

That is about the chance of winning but still they will end up losing in the long run, believe me. Because I was also a small bettor but it maybe effective for sometime but the house has always the favor on it and its hard to beat. When you experience complete losing, your feeling will trigger and you just want to keep on gambling.

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Quote from: eann014 on February 11, 2017, 01:32:40 AM

Not all can lose in a long run, because some smart people can win in a long run, some of them playing small bet in every game.

Playing small bet is nothing smart. Thinking that you will not lose big is acceptable but in the same time you will also never win anything much decent in size.

Quote

So they can also play a lot times and some of their games win. Grin

Sure thing but even then the number of losses they incur is in total bigger than the number of wins. Not considering a winning jackpot you will just be collecting dust amounts if you lay in this manner.

The best thing to do is to cash out early and chase losses.

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Quote from: freedomgo on February 10, 2017, 10:07:35 PM

Quote from: wxa7115 on February 10, 2017, 08:16:00 PM

Quote from: poplolnman on February 09, 2017, 01:35:33 PM

Quote from: shulio on January 25, 2017, 11:41:02 AM

Quote from: poplolnman on January 25, 2017, 08:53:14 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

of course i do, there a lot of things to do to make sportsbetting +EV , like to looking for a news that could affected the team/player form , statistics , head to head etc all of them need to be analyzed then you would have a +EV there. it's doesn't mean everyone would win just because a game have +EV , then makes sense now?

This is correct the house has an advantage over the player but the player can overcome the house advantage by being able to better determine the real chances of something happening, like what team is going to win and getting an edge for himself but it is not easy and not everyone can get it.

You cannot beat the house advantage, that is there main weapon which give them the opportunity to last in the business longer. If you really want to win, go with games that there is not house edge and that is a skilled based games, in that way, you can develop your skills as you stay longer.

yes there are very little chances to beat the house edge. they have only the advantage of house edge from where they are making money. therefore i do not think that it is so easy to beat the house edge. and yes gambling games is the best option if you want to avoid the house edge. where you have some more opportunities of making money.

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Quote from: eann014 on February 11, 2017, 01:32:40 AM

Not all can lose in a long run, because some smart people can win in a long run, some of them playing small bet in every game. So they can also play a lot times and some of their games win. Grin

That's true because only majority of us loses in the long run, there are few who can use their skills and be profitable in the long run. Gambling games are not only focus with one type of game, there are luck based and skilled based games, with skilled based games, the success rate are greater than luck based, so smart gambler would prefer to do it to employ their skills.

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Quote from: eann014 on February 11, 2017, 01:32:40 AM

Not all can lose in a long run, because some smart people can win in a long run, some of them playing small bet in every game. So they can also play a lot times and some of their games win. Grin

Well, for me they all lose. Though not money, but for sure, they lose time, or sometimes opportunity in real life that they could have done if they are not busy betting. In fact, when you are betting, if you compute all your bets, either win or lose, I am sure that the lose has more weight compared to your wins, though it just feels like we are a winner when we win once and it is big.

eann014

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Not all can lose in a long run, because some smart people can win in a long run, some of them playing small bet in every game. So they can also play a lot times and some of their games win. Grin

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Quote from: wxa7115 on February 10, 2017, 08:16:00 PM

Quote from: poplolnman on February 09, 2017, 01:35:33 PM

Quote from: shulio on January 25, 2017, 11:41:02 AM

Quote from: poplolnman on January 25, 2017, 08:53:14 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

of course i do, there a lot of things to do to make sportsbetting +EV , like to looking for a news that could affected the team/player form , statistics , head to head etc all of them need to be analyzed then you would have a +EV there. it's doesn't mean everyone would win just because a game have +EV , then makes sense now?

This is correct the house has an advantage over the player but the player can overcome the house advantage by being able to better determine the real chances of something happening, like what team is going to win and getting an edge for himself but it is not easy and not everyone can get it.

You cannot beat the house advantage, that is there main weapon which give them the opportunity to last in the business longer. If you really want to win, go with games that there is not house edge and that is a skilled based games, in that way, you can develop your skills as you stay longer.

wxa7115

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Quote from: poplolnman on February 09, 2017, 01:35:33 PM

Quote from: shulio on January 25, 2017, 11:41:02 AM

Quote from: poplolnman on January 25, 2017, 08:53:14 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

of course i do, there a lot of things to do to make sportsbetting +EV , like to looking for a news that could affected the team/player form , statistics , head to head etc all of them need to be analyzed then you would have a +EV there. it's doesn't mean everyone would win just because a game have +EV , then makes sense now?

This is correct the house has an advantage over the player but the player can overcome the house advantage by being able to better determine the real chances of something happening, like what team is going to win and getting an edge for himself but it is not easy and not everyone can get it.

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Quote from: Aamir1 on February 10, 2017, 01:01:04 PM

Martingale has been proved to be the most destructive gambling strategy so far. Mostly people use this strategy so that they don't lose anything because after every bet the bet amount gets doubled so that the lost bet gets recovered, but when the lose streak starts then it becomes really difficult to stop that and at the end you will find your account swept completely.

When you lose around 8 times, you probably are going to lose your bankroll except if you have a big one. I do some modified martingale and calculate what is the most probable way to earn. There's always risk in it but you should just keep away from the greediness, you will likely encounter losing streaks.

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Quote from: puremage111 on February 10, 2017, 10:29:52 AM

Yeah especially the famous martingale

I Tried simulating

Even with very great odds to win

just 2% losing

Run for 100k run, it will be profitable

but run for a 500k run, end up making loss

Martingale has been proved to be the most destructive gambling strategy so far. Mostly people use this strategy so that they don't lose anything because after every bet the bet amount gets doubled so that the lost bet gets recovered, but when the lose streak starts then it becomes really difficult to stop that and at the end you will find your account swept completely.

Yuhee

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Quote from: pereira4 on February 10, 2017, 12:08:53 PM

Not everyone. Some people get away with a constant streak of luck and then they retire with the millions they make, those are the winners that know when to stop, and that is the key right there to glory: have a few lucky strikes, be it in gambling or investments or anything else, then retire and never gamble again and live from passive income.

I do agree with your statement, some people don't realize when they won x2 or x3 on their initial bet they really want to gain more. That's why while when you're in the middle of the game and you keep winning, have a presence of mind. That you already produced a profit and ready to run and leave the house and will never comeback again. Guaranteed you don't lose in the long run.

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Quote from: Mr. Big on February 10, 2017, 08:51:55 AM

Quote from: Rinder on February 10, 2017, 08:43:47 AM

Sporting bets are an interesting market, but i dont see anyone being able to survice from those bets, in the general just few people able to live from gambling, and the most of them are casinos or dice owners. Gambling werent made to let you make money, and yes to turn into a cash machine to owners, anyway, its a fact you will loose in the long run, and you will try to recover, just be sure you arent wasting time and money.

That sums it up, only few people survive because of gambling, and mostly are owners/operators, investors, and few lucky people... But it doesn't mean that they don't lose any, they too suffer some losses on the way before they become successful, and everyday they are facing risks, but since it is part of them already, they thrive...

Yes true not anyone are being able to survive from those bets, And those people who live from gambling are the wealthy people due to lots of money, but lot of loses too in the gambling but they can survive, unlike ordinary gambler don't have much fund to stay in the game even they like stay more but that can't be because no fund anymore.

pereira4

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Not everyone. Some people get away with a constant streak of luck and then they retire with the millions they make, those are the winners that know when to stop, and that is the key right there to glory: have a few lucky strikes, be it in gambling or investments or anything else, then retire and never gamble again and live from passive income.

Topic: Everyone looses in the long run - page 9. (Read 96728 times)