Gambling can be profitable in the long run! It is possible! - page 3.

fullypak

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Quote from: Hatuferu on June 19, 2016, 10:18:41 PM

Quote from: CryptoBjorn on June 19, 2016, 03:46:03 PM

Quote from: goldcoinminer on June 19, 2016, 11:02:07 AM

Only people who always says that luck will give you a good chance to win will not be profitable in the long run, if we speak of gambling it requires certain consistency in order to win in the long run, luck will not give you a good chance to beat the house, it will only give you a temporary win that will destruct your mind about your real chances in gambling to win.

That's exactly what I was thinking.
If your starting point is luck, you may win, but it will more often that you will lose. So be it short therm or long therm you will lose more then you win, since you can't predict your luck and thus wage higher bets, alas you have to make strategic bets and even then your average balance will be negative, unless offcourse if you play with a winning strategy, which I doubt exist.

Sometimes luck is will give us a good benefits and we just bet with not brainer because even if what we select when the luck is with us we wins most of the time, but for better result you use your luck in a game that will give you more winnings and if you hit big then you might completely quit gambling because gambling is only for the few if you want to win.

Yes i agree this some times our luck will help us to make profit but many times our greedines will smash everything and make us to empty our wallet. This is correct ?. I think many gamblers will face this experience daily. I can not say that long run profit in gambling is not possible there are some people can make this. But this type of people we see very few in gambling.

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Quote from: CryptoBjorn on June 19, 2016, 03:46:03 PM

Quote from: goldcoinminer on June 19, 2016, 11:02:07 AM

Only people who always says that luck will give you a good chance to win will not be profitable in the long run, if we speak of gambling it requires certain consistency in order to win in the long run, luck will not give you a good chance to beat the house, it will only give you a temporary win that will destruct your mind about your real chances in gambling to win.

That's exactly what I was thinking.
If your starting point is luck, you may win, but it will more often that you will lose. So be it short therm or long therm you will lose more then you win, since you can't predict your luck and thus wage higher bets, alas you have to make strategic bets and even then your average balance will be negative, unless offcourse if you play with a winning strategy, which I doubt exist.

Sometimes luck is will give us a good benefits and we just bet with not brainer because even if what we select when the luck is with us we wins most of the time, but for better result you use your luck in a game that will give you more winnings and if you hit big then you might completely quit gambling because gambling is only for the few if you want to win.

CryptoBjorn

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Quote from: goldcoinminer on June 19, 2016, 11:02:07 AM

Only people who always says that luck will give you a good chance to win will not be profitable in the long run, if we speak of gambling it requires certain consistency in order to win in the long run, luck will not give you a good chance to beat the house, it will only give you a temporary win that will destruct your mind about your real chances in gambling to win.

That's exactly what I was thinking.
If your starting point is luck, you may win, but it will more often that you will lose. So be it short therm or long therm you will lose more then you win, since you can't predict your luck and thus wage higher bets, alas you have to make strategic bets and even then your average balance will be negative, unless offcourse if you play with a winning strategy, which I doubt exist.

teilwalL05

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Quote from: wearepoor on June 19, 2016, 04:21:21 AM

Quote from: hua_hui on June 14, 2016, 11:51:41 AM

Quote from: jamestboy on June 14, 2016, 10:19:04 AM

I've been in the gambling industry (working) for 25 years, and prior to that grew up with a dad who sold gambling machines for a living, so I have plenty of experience. Whilst of course there are variants in the short term, over a period of time, the house will retain it's edge in various obvious, and not so obvious ways.

It's a fascinating subject and one that is a complex mix of mathematics, human emotions, Phycology and much more. Without getting into the vast complexities of how gambling venues/games/sites etc go about exactly retaining an edge, the simplest way to look at it is that the longer you play, the more probability, edge and maths work in the houses favor.

If you toss a coin five times, you may get 5 heads or 5 tails, toss it 100 and you will get more or less 50/50.

that is the power of probability. In the short run, a lot of people manage to win a few times and start to believe that they are able to constantly gain profit from gambling. So they will end up keep visiting the casino to gamble. However, they will all end up losing cause the power of probability will ensure that they are unable to profit in the long run.

Agreed with you, someone has to be very lucky to won big money but its not possible all time. One can win huge amount but later on if he continues with the gambling then in the long run he will loose more money than what he has won in the past.

Well said, so that if you dont want to lose a lot of money before you do gambling, think twice or thrice because one you started and win once, it'll be hard for you to stop doing this.

goldcoinminer

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Only people who always says that luck will give you a good chance to win will not be profitable in the long run, if we speak of gambling it requires certain consistency in order to win in the long run, luck will not give you a good chance to beat the house, it will only give you a temporary win that will destruct your mind about your real chances in gambling to win.

bitcoinboy12

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Quote from: Maesters1- on June 19, 2016, 09:17:46 AM

Quote from: Cresciuanto on June 19, 2016, 06:49:56 AM

Quote from: wearepoor on June 19, 2016, 04:21:21 AM

Quote from: hua_hui on June 14, 2016, 11:51:41 AM

Quote from: jamestboy on June 14, 2016, 10:19:04 AM

I've been in the gambling industry (working) for 25 years, and prior to that grew up with a dad who sold gambling machines for a living, so I have plenty of experience. Whilst of course there are variants in the short term, over a period of time, the house will retain it's edge in various obvious, and not so obvious ways.

It's a fascinating subject and one that is a complex mix of mathematics, human emotions, Phycology and much more. Without getting into the vast complexities of how gambling venues/games/sites etc go about exactly retaining an edge, the simplest way to look at it is that the longer you play, the more probability, edge and maths work in the houses favor.

If you toss a coin five times, you may get 5 heads or 5 tails, toss it 100 and you will get more or less 50/50. ensure that they are unable to profit in the long run.

that is the power of probability. In the short run, a lot of people manage to win a few times and start to believe that they are able to constantly gain profit from gambling. So they will end up keep visiting the casino to gamble. However, they will all end up losing cause the power of probability will

Agreed with you, someone has to be very lucky to won big money but its not possible all time. One can win huge amount but later on if he continues with the gambling then in the long run he will loose more money than what he has won in the past.

yes it is a fact that gambling depend on luck. there is a very little touch of hard work at all

yes but no one can say anything about gambling either we will won on the particular day or not. because it is a game luck and the last day our gambling also depending on your luck if you are lucky at that day they you will certainly win

There is also such thing as Gambler's Fallacy. This disproves the concept of winning when you are losing for a lot of times in a row already. It's helpful to know. Look it up..

Maesters1-

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Quote from: Cresciuanto on June 19, 2016, 06:49:56 AM

Quote from: wearepoor on June 19, 2016, 04:21:21 AM

Quote from: hua_hui on June 14, 2016, 11:51:41 AM

Quote from: jamestboy on June 14, 2016, 10:19:04 AM

I've been in the gambling industry (working) for 25 years, and prior to that grew up with a dad who sold gambling machines for a living, so I have plenty of experience. Whilst of course there are variants in the short term, over a period of time, the house will retain it's edge in various obvious, and not so obvious ways.

It's a fascinating subject and one that is a complex mix of mathematics, human emotions, Phycology and much more. Without getting into the vast complexities of how gambling venues/games/sites etc go about exactly retaining an edge, the simplest way to look at it is that the longer you play, the more probability, edge and maths work in the houses favor.

If you toss a coin five times, you may get 5 heads or 5 tails, toss it 100 and you will get more or less 50/50. ensure that they are unable to profit in the long run.

that is the power of probability. In the short run, a lot of people manage to win a few times and start to believe that they are able to constantly gain profit from gambling. So they will end up keep visiting the casino to gamble. However, they will all end up losing cause the power of probability will

Agreed with you, someone has to be very lucky to won big money but its not possible all time. One can win huge amount but later on if he continues with the gambling then in the long run he will loose more money than what he has won in the past.

yes it is a fact that gambling depend on luck. there is a very little touch of hard work at all

yes but no one can say anything about gambling either we will won on the particular day or not. because it is a game luck and the last day our gambling also depending on your luck if you are lucky at that day they you will certainly win

Cresciuanto

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Quote from: wearepoor on June 19, 2016, 04:21:21 AM

Quote from: hua_hui on June 14, 2016, 11:51:41 AM

Quote from: jamestboy on June 14, 2016, 10:19:04 AM

I've been in the gambling industry (working) for 25 years, and prior to that grew up with a dad who sold gambling machines for a living, so I have plenty of experience. Whilst of course there are variants in the short term, over a period of time, the house will retain it's edge in various obvious, and not so obvious ways.

It's a fascinating subject and one that is a complex mix of mathematics, human emotions, Phycology and much more. Without getting into the vast complexities of how gambling venues/games/sites etc go about exactly retaining an edge, the simplest way to look at it is that the longer you play, the more probability, edge and maths work in the houses favor.

If you toss a coin five times, you may get 5 heads or 5 tails, toss it 100 and you will get more or less 50/50. ensure that they are unable to profit in the long run.

that is the power of probability. In the short run, a lot of people manage to win a few times and start to believe that they are able to constantly gain profit from gambling. So they will end up keep visiting the casino to gamble. However, they will all end up losing cause the power of probability will

Agreed with you, someone has to be very lucky to won big money but its not possible all time. One can win huge amount but later on if he continues with the gambling then in the long run he will loose more money than what he has won in the past.

yes it is a fact that gambling depend on luck. there is a very little touch of hard work at all

wearepoor

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Quote from: hua_hui on June 14, 2016, 11:51:41 AM

Quote from: jamestboy on June 14, 2016, 10:19:04 AM

I've been in the gambling industry (working) for 25 years, and prior to that grew up with a dad who sold gambling machines for a living, so I have plenty of experience. Whilst of course there are variants in the short term, over a period of time, the house will retain it's edge in various obvious, and not so obvious ways.

It's a fascinating subject and one that is a complex mix of mathematics, human emotions, Phycology and much more. Without getting into the vast complexities of how gambling venues/games/sites etc go about exactly retaining an edge, the simplest way to look at it is that the longer you play, the more probability, edge and maths work in the houses favor.

If you toss a coin five times, you may get 5 heads or 5 tails, toss it 100 and you will get more or less 50/50.

that is the power of probability. In the short run, a lot of people manage to win a few times and start to believe that they are able to constantly gain profit from gambling. So they will end up keep visiting the casino to gamble. However, they will all end up losing cause the power of probability will ensure that they are unable to profit in the long run.

Agreed with you, someone has to be very lucky to won big money but its not possible all time. One can win huge amount but later on if he continues with the gambling then in the long run he will loose more money than what he has won in the past.

teilwalL05

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How is it possible that Gambling will be profitable in long run? Investing in long run can be profitable but gambling i think it is not. And i think Gambling and investing are not the same. If you have a good thinking or positive outcome it can be profitable in you own way of thinking but not for the others. Hehe

abugseuf

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may be possible but not conform. you can even loose in the long run.

coinplus

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Quote from: MFahad on June 10, 2016, 11:36:03 AM

It is not possible, because a lot of reasons are here,
Gambling is not our job to go long run,
Gambling is not our business to go long run,
Gambling is not our professional lever game in the long run,

Short gambling is not the way to earn money and we go to there for a short period only for getting some fun, that is why we do not have to rely on it for our earning, and playing for a short period we have to redirect to our main goal of life.

PsursV

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Quote from: carlisle1 on June 16, 2016, 11:20:55 AM

maybe it is possible for the gambler and especially for those big time gambler , but we are not sure that it can be always profitable . maybe for some times but not always . and i guess you will lose more money that your profit .

yes ofcourse there is time time frame for gambling that in special time the person will win money. i think some time it make a person so rich that he cannot believe. but this make the person more confidence and greedy that he invest the money again and again but it is not sure that a person will win every time. some time he can lost all his assests in gambling.

carlisle1

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maybe it is possible for the gambler and especially for those big time gambler , but we are not sure that it can be always profitable . maybe for some times but not always . and i guess you will lose more money that your profit .

rickadone

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Quote from: dinda22 on June 10, 2016, 10:54:10 AM

Quote from: maxhor on June 10, 2016, 04:52:59 AM

Where we play against house edge like dice, plinko,slots and many more there is no chance to keep himself always into profit, in some skill based games like poker and sports betting where can make nice profit if we have knowledge than it is possible.

everything is still difficult to make a profit in the long term. despite having good knowledge on sports betting and poker. sometimes in sports betting, it's a lot of games are unpredictable. and also in poker, there is always a time where as always get a bad result, despite having a nice card.

I agree with you, gambling is really a total unpredictable game, no one can be sure at there that they will earn some money or they will win the bet they are going to take, so for long run, it will a risk, try to withdraw when you win.

Herbert2020

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Quote from: Hatuferu on June 16, 2016, 02:13:11 AM

Quote from: naidray on June 15, 2016, 08:29:44 AM

Quote from: awesome31312 on June 10, 2016, 11:00:27 AM

"Gambling can be profitable in the long run! It is possible!" said the guy working for FortuneJack.

Grin

It is said by the boy working for furtunejack, because he is employed at there and is getting some amount of wage for his work at there, if he do not say like that and say that ‘gambling is a way to lose’ then no one will go to gamble at there and he will lose his job.

Well, not really. Gambling can be profitable in the long run, the word is "can be" so that means it is possible. The catch here is the possibility is just really low to be profitable in the gambling in the long run.

it also depends a lot on the kind of game that you are playing. for example in games like dice you will lose in the long run unless you have a very big bankroll and use something like martingale to cover the previous losses and win all of them back with a profit.
but in other games like sports betting you can actually win in long term if only you are good at it.

Hatuferu

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Quote from: naidray on June 15, 2016, 08:29:44 AM

Quote from: awesome31312 on June 10, 2016, 11:00:27 AM

"Gambling can be profitable in the long run! It is possible!" said the guy working for FortuneJack.

Grin

It is said by the boy working for furtunejack, because he is employed at there and is getting some amount of wage for his work at there, if he do not say like that and say that ‘gambling is a way to lose’ then no one will go to gamble at there and he will lose his job.

Well, not really. Gambling can be profitable in the long run, the word is "can be" so that means it is possible. The catch here is the possibility is just really low to be profitable in the gambling in the long run.

naidray

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Quote from: awesome31312 on June 10, 2016, 11:00:27 AM

"Gambling can be profitable in the long run! It is possible!" said the guy working for FortuneJack.

Grin

It is said by the boy working for furtunejack, because he is employed at there and is getting some amount of wage for his work at there, if he do not say like that and say that ‘gambling is a way to lose’ then no one will go to gamble at there and he will lose his job.

Erzatium

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Quote from: Dr.Osh on June 14, 2016, 01:33:29 PM

Quote from: drwtsn32 on June 14, 2016, 09:24:11 AM

Quote from: crairezx20 on June 10, 2016, 11:54:50 AM

Its always depends in the game if you are just playing in dice game in long term base you can be lose and never made any profit but if you gamble your money in poker or sports betting this is a long term games.. so you can make a profitalbe in long term base.. because sports betting is easy to predict and poker it depends in your skills..

I agree.
In sports, for example Basketball, if you can just predict who will be the champion then you can bet to that team from the start of the season until the end. That way you will earn much in the long run versus predicting the winner every game.

if it is sports gambling was possible, if you did successfully predict the score will appear in every game it would be very possible to gain an advantage in a fairly long time, but there will be times you will fail to predict, because it is the thing reasonable in gambling. Well, it will not affect the benefit will you get if you succeed. essentially you have to keep trying

It is just only profitable when you are lucky and that is hard because you dont even know what is going to happen later in the future and that is the problem.
But losing in gambling is not that bad if you are spending not that much it will be not that worst.

terman45x

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Quote from: marlboroza on June 14, 2016, 04:01:29 PM

It can be profitable in the long run, but there is only one way to do it with few rules:
1. Never play with emotions,
2. If you are losing, don't raise your bets just to recover what you lost
3. Never play for more money than you can afford to lose
4. Good bankroll management

Well, its gambling, luck is important factor, but these are basic rules

Agreed, but majority of us forget this rules when we are actually gambling, at that time the only thing comes to mind is to earn huge money and at the end we loose everything as we don't follow the above rules.

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