Topic: Everyone looses in the long run - page 92. (Read 96777 times)

I have different approach as based on my experience with gambling, i can say this it is depend on what type of game we choose for betting because sportsbook betting is working fine for me and helping me a lot to make decent profit there so that i think people can make good profit in long run, if they go wisely.

It is about long term or short run to loose.It is about bad odds or bad time which can appear at any stage.It is also possible you may remain without money in very early hands and don''t even reach in long run.After all most of the players end up with zero bankroll this is what I have seen so far.

Most of the gamblers loses in the long run but some only understand that, the typical gamblers even they are already losing they just keep on gambling as they want to experience the excitement while in gambling. Some also hoping to win big amount of money in gambling that is why they keep betting without tracking their losses.

It is a well known fact that people loose more than they win in gambling and the House never stays in minuse. And I think gamblars understand it very good. I think here is the main moment is why do they continue to play if they know about that they loose more than they win?
The reply is simple as well - it is just an addiction. They wish to feel the same feeling they have when they win over and over again.

correct,people with good lucky and keep playing with so many experience will play smoothly,but keep get profit,and i think some dice site allow us to win in long run if we play with samll amount,very small

yup, dice and slot you have no control over the outcome so that is really purely based on luck. And since there is house edge, it become hard to profit from it.

Well i think chief on slot machine it depends when push or pull start it was automatically stops 1st to 3rd logo or pic.but in manually every 1st,2nd ,and 3rd logo isnon push ,pull or click it required skill of timing.
Betting and poker it also depends on the computer analytically it is program easy to hard and the winning chance in poker is hard if computer is the rival.

In the end i think if gambling goes in long run it leads to loose because of greediness.

If your play in dice or slot machine I think that no need strategy its all about your on luck
But if playing in sport betting or poker games. Yes need strategy to playing there.

certainly, a gambler will lose in the long run, because they would have been addicted, and more unlikely if someone has a fortune in the long run, the result of gambling would like bitcoin prices are very volatile, and can not be stable in the victory.

I'd say most are loosing. That is the only reason I am staying away from gambling altogether. Altcoin investing is much more fun. Although almost the same idea.

Not everyone is losing in the long run and that is nice but it will be really hard to know what will happen with yourself if you are gambling because it is hard to predict.
And in the most cases many people are losing a lot of money with gambling because they are greedy and are addicted and that is not that best.

If you are talking of being smart to win in gambling in the long run then you must be extremely smart to really profit from it, for me that's almost impossible to achieve although I believe that there are gambler who made a living in gambling.

If you analyze carefully, the odds always favors the gambling sites so if you are having a record of 50% win rate in the long you still lose because of the house edge and juice if you are into sports betting.

i dont think so,gambling also need strategy and tactic,also gambling need more that lucky because no one can know when they are would lucky when they playing,long term gambling can be prfitable,if people know how to play with very smart.

Statistically speaking its impossible for EVERYBODY to lose in the long run because that would mean money is just disappearing into thin air.  The house wins in the long run, anybody who bets on the house wins in the long run, and anybody who only bets with positive expected value wins in the long run, statistically.  Only those players who play against the odds lose in the long run.  That's my point, one who bets against the house will, more than likely, lose in the long run, so don't bet against the house!  Learn how to recognize a good bet from a bad bet and match the wager appropriately to insure a positive expected value....That's all.  It's not an exception to the rule, it is the rule.

For example, you and I flipping coins.  You pay me 1.1 for heads and I pay you 0.9 for tails.  I'm going to win in the long run because I have better odds.  You wont take that bet because you recognize it's a bad bet.  If I somehow convince you to take that bet, then that's your bad for not recognizing it and my good for taking it.

Well, that's what people do when they play the dice sites or house edge games.  They're paying 1.0002 for a 0.9998 return (illustrative figures--not exact amounts) so they're going to lose in the long run if they keep playing.  They should recognize that prop as a bad bet and find a game where they could realize returns that are more in their favor....like poker!  It's just math.

Nicely said and I agree because its true, the responsible gambler understood it already, the longer we play the more chances we lose. This is already give even before and it is still until now. But the question is why do people still going back to gamble again and again even knowing that they have disadvantage over the house, maybe they are addicted to gambling with no sound decision or they enjoy gambling regardless of the amount of money being lose to it.

statistically speaking everybody loses in the long run and the only handful of people who win are just lucky, that's all. you can't make a rule out of the exceptions. the general idea is that when you are gambling especially in games with house edge you are in a disadvantage so in the long run the house is winning over you.

table games has a different sequence than in online, in table games a quick hand dealer cannot cheat deal with a clear eye viewing player.  Where as in a programmed dealer flipping cards is possible because you can not notice it and you will not know how the cards are being decked in sequence.

I agree with this on a long run the most people will lose a lot of money and even go to the minus numbers.
Its in my eyes logical gambling is fully depending on luck!

Stating that "EVERYBODY" loses in the long run is just pure rubbish.  For there to be losers, there must be winners, right?  And, I might be saying this bluntly, but casinos win in the long run because the odds are in their favor.  Hello! Anybody home?  What's that mean? It means that those people who wager on large volumes of events with favorable odds are going to win according to the law of very large numbers....Don't wager volumes on events with a negative expected value because you will lose in the long run!  Wager on events where the expected return is positive....play like the casino, not against the casino!

most table games, whether it is in real life or online should have the same probability because they all follow the same system. However, games like slotted are pre-set programs that determine the number of winners or losers already.