Gambling can be profitable in the long run! It is possible! - page 33.

Kepler510

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Quote from: Wendigo on February 23, 2016, 06:18:40 AM

I am thinking of starting a 'gambling diary' for 2016 where I will be writing down my bets every day in a spreadsheet. At the end of the year I will calculate what the result is from my betting strategies and what I need to improve on for 2017 Wink

I think, it's a very good idea and really help you to find out about the benefits you get from gambling. And if that is done I am sure you will take a very thoughtful decision, because if you don't take a wise decision. Next year you will experience a fairly stressful and less fun. My point is if in 2016-2017 you experience defeat. Then the next year you have to be more careful in gambling, so you'll get a great victory or defeat. Don't forget if you love to gamble always use strategy to gain victory and ambition to control your thoughts

Mr. Big

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Quote from: mettalmag on February 23, 2016, 06:16:34 AM

gambling will not be profitable unless you have your own gambling site, casino or church!

That is true,, if you own a gambling site, and you are the one imposing the house edge, then the favor is yours, there is only low tendency that you'll be bankrupt...

wormat22

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Quote from: talkbitcoin on February 23, 2016, 07:14:08 AM

Quote from: blackmachinegun on February 23, 2016, 06:57:56 AM

Quote from: darewaller on February 22, 2016, 05:37:53 AM

Quote from: VegasCasinoBits on February 22, 2016, 02:49:10 AM

for now i have a profit on 0.23 btc by gambling, so yes its possible but its still risky you don't know about you lose the next bet, smile emotikon

Yes and thats where the long term came into play, I am sure if you bet too long then surely will end up on the loosing side. But well, some people never understand and not get happy with short term wins so often than they should not.

people who've won and profit. I'm sure he would go to continue gambling. if you can add to profits for the first months ahead let us know. gambling can to be profitable in the long run!

whether or not gambling can be profitable depends on a simple fact, which is discussed at length throuoght this topic and the two links in OP.
and that simple fact is LUCK
so gambling is profitable if you get lucky, and it is not if you don't get lucky (assuming system is fair)

Agreed, and not just about luck in the game - luck in your timing. Luck that you just don't happen to be there when that red streak comes around.

talkbitcoin

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Quote from: blackmachinegun on February 23, 2016, 06:57:56 AM

Quote from: darewaller on February 22, 2016, 05:37:53 AM

Quote from: VegasCasinoBits on February 22, 2016, 02:49:10 AM

for now i have a profit on 0.23 btc by gambling, so yes its possible but its still risky you don't know about you lose the next bet, smile emotikon

Yes and thats where the long term came into play, I am sure if you bet too long then surely will end up on the loosing side. But well, some people never understand and not get happy with short term wins so often than they should not.

people who've won and profit. I'm sure he would go to continue gambling. if you can add to profits for the first months ahead let us know. gambling can to be profitable in the long run!

whether or not gambling can be profitable depends on a simple fact, which is discussed at length throuoght this topic and the two links in OP.
and that simple fact is LUCK
so gambling is profitable if you get lucky, and it is not if you don't get lucky (assuming system is fair)

blackmachinegun

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Quote from: darewaller on February 22, 2016, 05:37:53 AM

Quote from: VegasCasinoBits on February 22, 2016, 02:49:10 AM

for now i have a profit on 0.23 btc by gambling, so yes its possible but its still risky you don't know about you lose the next bet, smile emotikon

Yes and thats where the long term came into play, I am sure if you bet too long then surely will end up on the loosing side. But well, some people never understand and not get happy with short term wins so often than they should not.

people who've won and profit. I'm sure he would go to continue gambling. if you can add to profits for the first months ahead let us know. gambling can to be profitable in the long run!

Wendigo

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I am thinking of starting a 'gambling diary' for 2016 where I will be writing down my bets every day in a spreadsheet. At the end of the year I will calculate what the result is from my betting strategies and what I need to improve on for 2017 Wink

mettalmag

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≡v≡

gambling will not be profitable unless you have your own gambling site, casino or church!

Hashminers

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Gambling can be pretty profitable on a long term but for most people this will not happen because its luck you need and not many people will have this luck, you only have to gamble one time wrong and you will lose money that's the game.
Always gamble with low bets and for the the enjoying part because otherwise you will lose in the most cases.

RealBitcoin

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Quote from: TwitchySeal on February 22, 2016, 05:58:36 PM

Quote from: RealBitcoin on February 22, 2016, 05:46:56 PM

Actually it's 49 - 51 isnt it?

51-49=2

Hmm interesting , i never thought of this, i always calculated it with 49-51.

Ok then, so it's 49.5% win, 49.5% loss, and 1% house comission.

Now what does that tell you, it means that the win and loss will be equal in the long run, and its the 1% that drains away your money.

If it were 50-50, you would probably end up breakeven in infinity.

So what we need to analyze is the 1% house edge how much that drains us and what are our expected chances of beating that short term.

XinXan

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Quote from: TipZ on February 23, 2016, 04:50:16 AM

Oh yeahh it can be profitable in the long run.... if you're lucky enough or have an infinite bankroll.

Otherwise i just think NO it can't be profitable.

It's funny that people keep saying the same stupid shit even after hundreds of pages with the same topic. EVEN with infinite bankroll you still can't win long term, casinos have limits and you will eventually hit the limit using martingale/or any other strategy for that matter and when you reach the bet limit, what are you going to do? You can't double anymore so no, infinite bankroll is just as bad.

TipZ

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Oh yeahh it can be profitable in the long run.... if you're lucky enough or have an infinite bankroll.

Otherwise i just think NO it can't be profitable.

bering

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Leading Crypto Sports Betting & Casino Platform

players against house the result has been ascertained house will always be win because of that gambling could not be profitable in the long run and profitable from gambling only belong the owners of those websites

OrangeII

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i think it all depends on strategy and luck, if you have a good strategy to make you profit in a gambling game in a long period of time, then it might just happen. especially if you have great luck, it's really going to happen

ultimatesky

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SkyFall

That will not happen mate. You will always lose more money than they win money. Or you must to be lucky to win some money.
I think everyone lose more money than they win and that is very bad. You should all stop playing, that is the best way to save your money.

LuckyYOU

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Quote from: Erza on February 23, 2016, 03:20:28 AM

Quote from: jerowacik on February 23, 2016, 12:03:10 AM

for long-term gains seem to gambling is not allowed. but if you want to earn big profits in a short time gambling is the right choice.

This will not apply on everyone because not all people will have this kind of luck that keep you on winning. In a short time too you could busted everything because this is gambling and you can't really predict the result. Long term can earn you a lot if you are not greedy enough by setting some limit on your win and lose you can control your income and outcome so there will not be a problem

You are right and I even think its nonsense that you can make profit on a long term, the only thing is luck and most people will not have this luck so its always a risk your are taking even on a long run.
The problem also exist that people are thinking to easy about gambling they think they can win easily.

Erza

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Quote from: jerowacik on February 23, 2016, 12:03:10 AM

for long-term gains seem to gambling is not allowed. but if you want to earn big profits in a short time gambling is the right choice.

This will not apply on everyone because not all people will have this kind of luck that keep you on winning. In a short time too you could busted everything because this is gambling and you can't really predict the result. Long term can earn you a lot if you are not greedy enough by setting some limit on your win and lose you can control your income and outcome so there will not be a problem

bittrojan

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Long run profit will only work for casino it self, not for us as a gambler right?
Only few people could survive gamble and get their profit in long run because casino is the real winner.

Mars110

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Quote from: adaseb on February 23, 2016, 12:13:29 AM

I dont understand why you are trying to make as many bets as possible. The more you bet the more the house edge is against you rather than say taking a total of 5 bets.

Perhaps, he believed if he did bet as much as possible, he can get the victory that much anyway. But it is not a good idea, because if he did bet a lot but don't have a good strategy, then he got was negative gains. If he wants to do a bet that much, she should wear a good strategy and never give chance to his ambition to control his mind, because it can be dangerous on the game which he used. Use a good strategy so luck is always beside you

adaseb

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I dont understand why you are trying to make as many bets as possible. The more you bet the more the house edge is against you rather than say taking a total of 5 bets.

jerowacik

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for long-term gains seem to gambling is not allowed. but if you want to earn big profits in a short time gambling is the right choice.

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