Gambling can be profitable in the long run! It is possible! - page 16.

Hatuferu

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Quote from: CoinsRoyal on April 26, 2016, 08:20:44 AM

You never know what will happen with gambling later in the future, and that is the problem so you have to take some risks with it otherwise you cant earn some money with it.
But the chance is high that you can lose some money with it and that can be bad for you because it can makes you poor.

That risk is already given, in order for you to enter in gambling world you had to have a balls to gamble. Know what you can afford to lose cause there is no guaranteed money in gambling. This is a shady world, you have to be on the right side in order to be profitable.

CoinsRoyal

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You never know what will happen with gambling later in the future, and that is the problem so you have to take some risks with it otherwise you cant earn some money with it.
But the chance is high that you can lose some money with it and that can be bad for you because it can makes you poor.

hawkins

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Quote from: iqlimasyadiqa on April 26, 2016, 07:55:47 AM

Quote from: Nameless Coin on April 26, 2016, 07:00:59 AM

Gambling can be profitable but for the most of us here its not profitable at all and the most will even lose a lot of money.
I think its also not worth it because you will most likely get addicted.

yes most people do not feel the benefit when gambling. it is only a fraction of people who could feel it. playing gambling is a matter of luck. fortune derived from patience.

true, they all just depends on luck, if you have good luck, maybe it could happen, but sometimes people just gamble and see the final result, profit or loss that is what they see. no matter how many times the winning and losing

teilwalL05

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Quote from: Hatuferu on April 26, 2016, 07:51:36 AM

Quote from: Capradina on April 26, 2016, 07:24:06 AM

Quote from: Nameless Coin on April 26, 2016, 07:00:59 AM

Gambling can be profitable but for the most of us here its not profitable at all and the most will even lose a lot of money.
I think its also not worth it because you will most likely get addicted.

Your Word is indeed facts, But keep in mind that all the people who always get the defeat in gambling are those which have a very high greed, so their brains always wanted to get a victory and gamble until they get it. The thing that makes someone kacanduan in gambling and sometimes get the defeat because they don't use the correct way,].

That's what you called discipline to be specific, in gambling where you can experienced a mixed emotions (high and low) you need to control your self and stick to your plan. Treat it like a business that should carefully be studied otherwise you will not notice that your bankroll is already gone.

I think you can't treat gambling as a business in a specific way of saying it it is way more riskier than making a business that need knowledge and time with it, but in gambling you will just need luck alone in playing it because gambling is just a game that involves money on it and that is instant money that can be gone right a blink of an eye without you knowing it.

iqlimasyadiqa

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Quote from: Nameless Coin on April 26, 2016, 07:00:59 AM

Gambling can be profitable but for the most of us here its not profitable at all and the most will even lose a lot of money.
I think its also not worth it because you will most likely get addicted.

yes most people do not feel the benefit when gambling. it is only a fraction of people who could feel it. playing gambling is a matter of luck. fortune derived from patience.

Hatuferu

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Quote from: Capradina on April 26, 2016, 07:24:06 AM

Quote from: Nameless Coin on April 26, 2016, 07:00:59 AM

Gambling can be profitable but for the most of us here its not profitable at all and the most will even lose a lot of money.
I think its also not worth it because you will most likely get addicted.

Your Word is indeed facts, But keep in mind that all the people who always get the defeat in gambling are those which have a very high greed, so their brains always wanted to get a victory and gamble until they get it. The thing that makes someone kacanduan in gambling and sometimes get the defeat because they don't use the correct way,].

That's what you called discipline to be specific, in gambling where you can experienced a mixed emotions (high and low) you need to control your self and stick to your plan. Treat it like a business that should carefully be studied otherwise you will not notice that your bankroll is already gone.

Capradina

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Quote from: Nameless Coin on April 26, 2016, 07:00:59 AM

Gambling can be profitable but for the most of us here its not profitable at all and the most will even lose a lot of money.
I think its also not worth it because you will most likely get addicted.

Your Word is indeed facts, But keep in mind that all the people who always get the defeat in gambling are those which have a very high greed, so their brains always wanted to get a victory and gamble until they get it. The thing that makes someone kacanduan in gambling and sometimes get the defeat because they don't use the correct way,].

SparkedDev

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Quote from: Nameless Coin on April 26, 2016, 07:00:59 AM

Gambling can be profitable but for the most of us here its not profitable at all and the most will even lose a lot of money.
I think its also not worth it because you will most likely get addicted.

I just seen some dude turn 0.005 into 15 btc on bitvest a while ago so luck can be a factor but.
If you have enough you can beat the house, tho no one is going to david choe this shit and start betting in the millions.

Nameless Coin

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Gambling can be profitable but for the most of us here its not profitable at all and the most will even lose a lot of money.
I think its also not worth it because you will most likely get addicted.

teilwalL05

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Quote from: emberbekas on April 26, 2016, 04:57:51 AM

Luck is needed when we talk about gambling and since bad luck is greater than good one, hence you have to be able to manage your best luck and avoid something bad happened when you are at the bad luck trend. Without knowing how to manage it, it is very impossible to make good profit from gambling especially at the long term.

Yup! and it can only be able to profit in it with a good predictions that is why it is very impossible to know when you'll gonna be lucky with gambling, but when you feel like your in good luck you need to continue in playing it, but hence the time you will lose is at hand so be very wary about stopping on time.

emberbekas

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Luck is needed when we talk about gambling and since bad luck is greater than good one, hence you have to be able to manage your best luck and avoid something bad happened when you are at the bad luck trend. Without knowing how to manage it, it is very impossible to make good profit from gambling especially at the long term.

teilwalL05

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Quote from: RobinHoodster on April 26, 2016, 04:35:50 AM

Quote from: roadbits on April 23, 2016, 10:50:28 PM

Quote from: Hatuferu on April 23, 2016, 10:26:11 PM

It is only profitable if you constantly choose winners than losers but that would not be possible in a machine control game. The best example is the only dice where the house advantage has at least 1%. If you gamble everyday you will really lose in the long due to its mathematical quotient which is not favorable of the part of the gamblers. The best form of gambling you can only win is Sports Betting.

I do partially agree that one can have more chances of winning money in sports betting but it is also need a some kind of luck to win over the time. Because now a days most of the games are fixed and very difficult to find out which is fixed and which not fixed. Just only from game knowledge one can't win continuously win bets in sports so gamble carefully.

It is hard to make it profitable in a long run and that is because you never know what can happen with Bitcoin itself so that is quite hard to also know that.
But it would be of course nice if you can make it profitable but the chance is higher that you can lose some money with it.

Yup! the probability of getting a profit in gambling in my opinion is just 20% if you are not lucky when you played but there is a 70% winning chance if lady luck is with you but you can't know when luck is on your side that is why risk in involve in every game in gambling.

RobinHoodster

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Quote from: roadbits on April 23, 2016, 10:50:28 PM

Quote from: Hatuferu on April 23, 2016, 10:26:11 PM

It is only profitable if you constantly choose winners than losers but that would not be possible in a machine control game. The best example is the only dice where the house advantage has at least 1%. If you gamble everyday you will really lose in the long due to its mathematical quotient which is not favorable of the part of the gamblers. The best form of gambling you can only win is Sports Betting.

I do partially agree that one can have more chances of winning money in sports betting but it is also need a some kind of luck to win over the time. Because now a days most of the games are fixed and very difficult to find out which is fixed and which not fixed. Just only from game knowledge one can't win continuously win bets in sports so gamble carefully.

It is hard to make it profitable in a long run and that is because you never know what can happen with Bitcoin itself so that is quite hard to also know that.
But it would be of course nice if you can make it profitable but the chance is higher that you can lose some money with it.

DashCoinDark

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Quote from: roadbits on April 23, 2016, 10:50:28 PM

Quote from: Hatuferu on April 23, 2016, 10:26:11 PM

It is only profitable if you constantly choose winners than losers but that would not be possible in a machine control game. The best example is the only dice where the house advantage has at least 1%. If you gamble everyday you will really lose in the long due to its mathematical quotient which is not favorable of the part of the gamblers. The best form of gambling you can only win is Sports Betting.

I do partially agree that one can have more chances of winning money in sports betting but it is also need a some kind of luck to win over the time. Because now a days most of the games are fixed and very difficult to find out which is fixed and which not fixed. Just only from game knowledge one can't win continuously win bets in sports so gamble carefully.

Winning money in gambling is not that easy as you think, the people that won some money with gambling are lucky and that happens not that often because the chance is really small.
So it would be better if you are playing with not that much money so if you are losing than you lose not that much money.

goldcoinminer

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Quote from: cjmoles on April 25, 2016, 04:38:57 PM

Quote from: pereira4 on April 24, 2016, 10:28:22 AM

In the long term the outcome is always the same: the house will win because the house always has an edge in his favor so the odds are always against you. The key of winning in gambling is knowing when to stop, and only play enough times to cause entropy in your favor. If you keep playing, you'll always lose, it's just pure math.

This is basically true if one were to always take outcomes with a negative expected value. The math part of the game is very important....By the law of large numbers, a player who bets against the house edge will lose in the long run. The trick is to ONLY bet on events where the expected outcome has a positive potential outcome and practice a sound bankroll management strategy to overcome variation. People need to stop believing in luck, rely on the math! Luck can't be quantified....probability can be calculated and decisions made that have positive long term outcomes....That's how the "house" wins. Play like the house does and only take a wager when the odds are in your favor!

Then let's stay away from game games where there is a house edge if that's the case. I would suggest stick or shift to sports betting if you haven't done betting on it. In sports betting we can be profitable in the long if we can consistently picks winners.

cjmoles

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Quote from: pereira4 on April 24, 2016, 10:28:22 AM

In the long term the outcome is always the same: the house will win because the house always has an edge in his favor so the odds are always against you. The key of winning in gambling is knowing when to stop, and only play enough times to cause entropy in your favor. If you keep playing, you'll always lose, it's just pure math.

This is basically true if one were to always take outcomes with a negative expected value. The math part of the game is very important....By the law of large numbers, a player who bets against the house edge will lose in the long run. The trick is to ONLY bet on events where the expected outcome has a positive potential outcome and practice a sound bankroll management strategy to overcome variation. People need to stop believing in luck, rely on the math! Luck can't be quantified....probability can be calculated and decisions made that have positive long term outcomes....That's how the "house" wins. Play like the house does and only take a wager when the odds are in your favor!

teilwalL05

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Quote from: DuckKeeper on April 20, 2016, 09:02:28 AM

Quote from: teilwalL05 on April 19, 2016, 03:11:45 AM

Quote from: maudevang on April 19, 2016, 02:35:16 AM

It can be only possible if you are lucky in gambling and if you want to be lucky with gambling you have to play smart and only to play with some small amounts otherwise it will not possible.
In the most cases it will be not possible because gambling is addicted and that will be not that good for you.

Yup! you are right in gambling you need to really play smart, and small bets is a must by controlling your bets, and I think in taking less money with you will be a good idea if you want to lessen your losses!

The bad thing of gambling is that you never know what can happen with gambling itself and you need also to control yourself otherwise you are going to lose to much money and that would be bad.
But you need indeed some luck, luck in gambling is the most important role I think.

You can certainly will never know what will going to happen in gambling and you can never rely on luck because there are times that luck isn't with you so you need to stop at times you're getting so much losses, because gambling is indeed risky because of that!

bitcoin-hunter

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Quote from: Gubzy on April 24, 2016, 02:55:21 PM

Gambling is always about luck, you have to know when to cash out at the right time, and make safe bets that you can afford to lose, but the people with addictions usually lose I think.

Yeah so don't bother to think/hope you are getting a guaranteed win. it's way to risky and with that you are most likely to lose more then you can afford.
Better play for fun or keep away from gambling.

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Gambling is always about luck, you have to know when to cash out at the right time, and make safe bets that you can afford to lose, but the people with addictions usually lose I think.

setupbounds

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The thing is, gambling is only profitable for those who know "how to play". It will only be profitable once you know when to stop when you already got your profit and never come back to gamble with your money again. Gambling will never work the same way as it did when you won. The house will always win and people should know that.

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