Gambling can be profitable in the long run! It is possible! - page 31.

Aurorae

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Quote from: klf on March 05, 2016, 08:11:38 PM

Quote from: ultimatesky on March 05, 2016, 05:41:28 PM

Even if you are a big time gambler earning loads of money in the end you will end up with lose.
This is normal with risk games. Nobody can be guaranteed a stable income so no OP's statement is false.

Actually all these games need some kind of luck to win every time whether they are fully luck based games or talent based games. But luck will not support every time so in the long run no one can make profit, if they are regular gamblers. So don't gamble every day instead try your luck some times with little amount.

I agree with you. There's no guarantee that you'll make a profit from gambling. It really is all based on luck. There's no algorithm for you to always win from gambling.

Mr. Big

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Quote from: GermanFoobla on March 05, 2016, 05:53:58 PM

Quote from: ultimatesky on March 05, 2016, 05:41:28 PM

Even if you are a big time gambler earning loads of money in the end you will end up with lose.
This is normal with risk games. Nobody can be guaranteed a stable income so no OP's statement is false.

That's right Sir. Even the best of the best tend to lose when gambling. I would understand it if there chance to win was bigger but look at any gambling site.
You see the last bets and so many people lose.

Gambling is designed for player's entertainment and for the owners income and not the other way around.. its like putting a token in an arcade game, we play with our bet and enjoying it while the machines owner collects our coins...there are chances that we could win but not that is easy... so really no..

klf

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Quote from: ultimatesky on March 05, 2016, 05:41:28 PM

Even if you are a big time gambler earning loads of money in the end you will end up with lose.
This is normal with risk games. Nobody can be guaranteed a stable income so no OP's statement is false.

Actually all these games need some kind of luck to win every time whether they are fully luck based games or talent based games. But luck will not support every time so in the long run no one can make profit, if they are regular gamblers. So don't gamble every day instead try your luck some times with little amount.

GermanFoobla

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Quote from: ultimatesky on March 05, 2016, 05:41:28 PM

Even if you are a big time gambler earning loads of money in the end you will end up with lose.
This is normal with risk games. Nobody can be guaranteed a stable income so no OP's statement is false.

That's right Sir. Even the best of the best tend to lose when gambling. I would understand it if there chance to win was bigger but look at any gambling site.
You see the last bets and so many people lose.

ultimatesky

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SkyFall

Even if you are a big time gambler earning loads of money in the end you will end up with lose.
This is normal with risk games. Nobody can be guaranteed a stable income so no OP's statement is false.

Randian Hero

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I just mentioned this in another thread but since the house has an edge, the expected value of each bet is negative.

This means the the best bet a player can place is to bet everything he owns on one bet and then never bet again.

The house can use a form of Kelly Criterion in order to never go bankrupt. However, since players decide if to bet or not, they could win and then choose to never play again. The house does win in the long run, but the long run can be very long or even infinite.

So yes, some players will make a profit, as long as they stop betting at some point, as they will because of old age or the Universe dissolving into a new Big Bang.

Zaun

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Forza Roma

Quote from: lite on March 05, 2016, 02:38:27 PM

Quote from: BTCevo on March 05, 2016, 11:13:29 AM

Quote from: lite on March 05, 2016, 10:06:09 AM

Quote from: ultimatesky on March 01, 2016, 09:47:09 AM

That can not happen. Gambling is made just for fun and for luck. But a normal person lose more money than you win money.
It is all wasted and it is just for fun and that is why it is so bad. But I hope more people will realize that gambling is very bad to do.

People already know it's bad to gamble money lol but they still do it, it's because of the addiction and easy way to earn money.

Not just because of the addiction, the greediness and feeling want to recover your loss is one of a way why people keep on gambling. They should already know that gambling has a great risk but they keep on doing it again because they want to get profit and want to earn some quick cash. So if you can control yourself and get some good strategy I think you can get some profit not just in a short run but in a long run too

Controlling is the biggest problem in gambling(it's hard to stop when in winning streak). recently a guy on pd was up 300 btc he couldn't control himself and his profit went down to ~210 btc.

I think nobody can cash out a winning streak. There's just so much tension to keep on playing. Because you don't know when it stops.
So no I don't think it can be profitable.

lite

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Quote from: BTCevo on March 05, 2016, 11:13:29 AM

Quote from: lite on March 05, 2016, 10:06:09 AM

Quote from: ultimatesky on March 01, 2016, 09:47:09 AM

That can not happen. Gambling is made just for fun and for luck. But a normal person lose more money than you win money.
It is all wasted and it is just for fun and that is why it is so bad. But I hope more people will realize that gambling is very bad to do.

People already know it's bad to gamble money lol but they still do it, it's because of the addiction and easy way to earn money.

Not just because of the addiction, the greediness and feeling want to recover your loss is one of a way why people keep on gambling. They should already know that gambling has a great risk but they keep on doing it again because they want to get profit and want to earn some quick cash. So if you can control yourself and get some good strategy I think you can get some profit not just in a short run but in a long run too

Controlling is the biggest problem in gambling(it's hard to stop when in winning streak). recently a guy on pd was up 300 btc he couldn't control himself and his profit went down to ~210 btc.

newcoins1978

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Quote from: wearepoor on March 05, 2016, 01:39:06 PM

Quote from: TwitchySeal on March 05, 2016, 09:11:36 AM

Quote from: ultimatesky on March 01, 2016, 09:47:09 AM

That can not happen. Gambling is made just for fun and for luck. But a normal person lose more money than you win money.
It is all wasted and it is just for fun and that is why it is so bad. But I hope more people will realize that gambling is very bad to do.

Fun is not bad. It is good.

Agreed with you, If you are enjoying and having fun while gambling then its good, but only if you can afford the loss caused because of gambling. If you can not afford then its not a fun.

Gambling is always but it is not profitable. Not today not ever. Even the most experienced player lose money.
So when you gamble, at least I do, it's always for fun, never for money.

wearepoor

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Quote from: TwitchySeal on March 05, 2016, 09:11:36 AM

Quote from: ultimatesky on March 01, 2016, 09:47:09 AM

That can not happen. Gambling is made just for fun and for luck. But a normal person lose more money than you win money.
It is all wasted and it is just for fun and that is why it is so bad. But I hope more people will realize that gambling is very bad to do.

Fun is not bad. It is good.

Agreed with you, If you are enjoying and having fun while gambling then its good, but only if you can afford the loss caused because of gambling. If you can not afford then its not a fun.

anoufal

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ga,bling is wrong :/

BTCevo

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Quote from: lite on March 05, 2016, 10:06:09 AM

Quote from: ultimatesky on March 01, 2016, 09:47:09 AM

That can not happen. Gambling is made just for fun and for luck. But a normal person lose more money than you win money.
It is all wasted and it is just for fun and that is why it is so bad. But I hope more people will realize that gambling is very bad to do.

People already know it's bad to gamble money lol but they still do it, it's because of the addiction and easy way to earn money.

Not just because of the addiction, the greediness and feeling want to recover your loss is one of a way why people keep on gambling. They should already know that gambling has a great risk but they keep on doing it again because they want to get profit and want to earn some quick cash. So if you can control yourself and get some good strategy I think you can get some profit not just in a short run but in a long run too

lite

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Quote from: ultimatesky on March 01, 2016, 09:47:09 AM

That can not happen. Gambling is made just for fun and for luck. But a normal person lose more money than you win money.
It is all wasted and it is just for fun and that is why it is so bad. But I hope more people will realize that gambling is very bad to do.

People already know it's bad to gamble money lol but they still do it, it's because of the addiction and easy way to earn money.

TwitchySeal

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Quote from: ultimatesky on March 01, 2016, 09:47:09 AM

That can not happen. Gambling is made just for fun and for luck. But a normal person lose more money than you win money.
It is all wasted and it is just for fun and that is why it is so bad. But I hope more people will realize that gambling is very bad to do.

Fun is not bad. It is good.

teilwalL05

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Quote from: ultimatesky on March 01, 2016, 09:47:09 AM

That can not happen. Gambling is made just for fun and for luck. But a normal person lose more money than you win money.
It is all wasted and it is just for fun and that is why it is so bad. But I hope more people will realize that gambling is very bad to do.

if they can realise that sooner they wouldn't be addicted to it, well addiction is booming now in the entire world and addiction to gambling is part of it well wasting money on not so very important things is a waste, but I'm still in to it but not all the time,

ultimatesky

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SkyFall

That can not happen. Gambling is made just for fun and for luck. But a normal person lose more money than you win money.
It is all wasted and it is just for fun and that is why it is so bad. But I hope more people will realize that gambling is very bad to do.

teilwalL05

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Activity: 980

Merit: 500

Quote from: HarryKPeters on March 01, 2016, 05:34:53 AM

Quote from: ultimatesky on March 01, 2016, 03:55:34 AM

That will be not profitable in the long run. It is impossible. Gambling is made to make you addicted to it and waste money on it.
Ofcourse you win some small prizes, but it let you play more and more and that is not good. You must control yourself.

Yeah this thread is sponsored by one of the many gambling sites for sure. If is was profitable, there would be no gambling sites anymore.
Simply because they would encounter to many losses.

Well Gambling can be profitable in some point or some ways, a long run play isn't just playing a single day and you will going to play a whole day long, I think of a long run is that you are playing gambling a long time now and you had plenty of experience with it that you are already winning a lot and has lessen your losses because experience towards it makes you know things that your playing will change

I personally set some safe zone in playing gambling this allows me to lessen my losses and minimize my bets with this technique I can assure that I would still have money to make profit with it.

HarryKPeters

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Quote from: ultimatesky on March 01, 2016, 03:55:34 AM

That will be not profitable in the long run. It is impossible. Gambling is made to make you addicted to it and waste money on it.
Ofcourse you win some small prizes, but it let you play more and more and that is not good. You must control yourself.

Yeah this thread is sponsored by one of the many gambling sites for sure. If is was profitable, there would be no gambling sites anymore.
Simply because they would encounter to many losses.

MaxTax

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Quote from: JasonXG on February 29, 2016, 10:04:07 PM

A very interesting article. It makes me wonder how much money you have actually won doing this ? What sort of games are best to produce optimum profit ?

I think the best games you can play to do this are tactic games, without a lot of luck, I think you can choose from poker games, and something like blackjack or something, they require less more luck than as a example dices.
Poker is the best in my opinion because its very easy and also less more lucky than other games, and the point is also that poker is a real tactic game.

ultimatesky

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SkyFall

That will be not profitable in the long run. It is impossible. Gambling is made to make you addicted to it and waste money on it.
Ofcourse you win some small prizes, but it let you play more and more and that is not good. You must control yourself.

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