Gambling can be profitable in the long run! It is possible! - page 35.

CasioK

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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,

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.

You are right when people find profits in either short term or long term, they must find the joy of winning and should withdraw some profits to make sure in reducing risks. If they aim for long run, there is no guarantee for profits in future.

darewaller

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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,

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.

Shinpako09

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Quote from: RealBitcoin on February 22, 2016, 03:37:22 AM

Quote from: coinplus on February 22, 2016, 03:07:44 AM

Quote from: lixer on February 22, 2016, 01:30:04 AM

I believe gambling can not be profitable even in long run.
It is not at all possible to develop your skills against the bots. May be profitable if you play against another player. You can beat another gambler but not definitely a gambling bot.

You are never playing against a gambling bot lol, rather you are playing against a site whose bankroll is too big to be won and yours is too small to be kept away from loosing. I see people martingale and laugh at them, because they are having small bankroll yet they think they can win the big bankroll of the site.

Martingale is just plain stupid, you cannot use it anyway because they have betting size limits.

And its also a foolish strategy because your risk always increases.

but still the most widely used strategy until now even if they know that this strat really sucks. They still used it despite of how many times they loss they still continue using it.

Mars110

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Quote from: lixer on February 22, 2016, 01:30:04 AM

I believe gambling can not be profitable even in long run.
It is not at all possible to develop your skills against the bots. May be profitable if you play against another player. You can beat another gambler but not definitely a gambling bot.

Do you think there really is a point. But gambling keep on gambling, In gambling will only give an advantage to those win/already know very well the gameplay out of gambling against bots or against other gamblers. But sometimes there is also gambling that bots doing the cheating, but I'm sure that bots already trusted gambling will not be cheating to gamblers. Gambling it has an option that is who knows the weaknesses of gambling is sure he will get a big reward (Win) and vice versa, if gamblers gambling kelamahan does not know it is certain he will get a whopping (Loss)

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Quote from: ndnh on February 22, 2016, 03:50:42 AM

Quote from: RealBitcoin on November 14, 2015, 07:11:53 AM

Yes gambling can be profitable in the long run. It is a mathematical possibility. I`m not a gambling shill, but i`m very frustrated when people put out misleading information. The truth is important.

It is only "long" run when you lose it lol.

Mathematics guarantees that when you bet on infinitely, a time comes when you lose your bankroll.
You cannot win in the long run, because if you win, you are to play again.... till you lose.

Unless you are able to make winning bets and manage your bankroll properly.

Quote from: RealBitcoin on February 22, 2016, 03:55:08 AM

Quote from: ndnh on February 22, 2016, 03:50:42 AM

Mathematics guarantees that when you bet on infinitely, a time comes when you lose your bankroll.
You cannot win in the long run, because if you win, you are to play again.... till you lose.

But there is no infinity in reality.

In the finite 75 years we live, this scenario I described is totally possible, so much that it could have already happened.

There are millions of casinos worldwide, the odds of this happening is pretty likely in one of them, and it's so strange that people wouldnt even know if its true or not.

If you put 1 million gamblers in front of a slot machine with a 1 million $ bankroll. And for easyness sake have a 0.5% house edge, and let them gamble 1 year straight, every day for 5-6 hours.

I guarantee you that a few gamblers will come out net profitable at the end of the year, it's just inevitable.

I wouldn't be so sure about that.
How much are they actually betting , and how volatile are the slot machines? (The less variance, the more likely none of them will be a winner after playing for ~2,000 hours.

Math tells us about what is likely or unlikely to happen next.

Luck is a way to describe what has already happened.

RealBitcoin

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Quote from: ndnh on February 22, 2016, 03:50:42 AM

Mathematics guarantees that when you bet on infinitely, a time comes when you lose your bankroll.
You cannot win in the long run, because if you win, you are to play again.... till you lose.

But there is no infinity in reality.

In the finite 75 years we live, this scenario I described is totally possible, so much that it could have already happened.

There are millions of casinos worldwide, the odds of this happening is pretty likely in one of them, and it's so strange that people wouldnt even know if its true or not.

If you put 1 million gamblers in front of a slot machine with a 1 million $ bankroll. And for easyness sake have a 0.5% house edge, and let them gamble 1 year straight, every day for 5-6 hours.

I guarantee you that a few gamblers will come out net profitable at the end of the year, it's just inevitable.

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Quote from: RealBitcoin on November 14, 2015, 07:11:53 AM

Yes gambling can be profitable in the long run. It is a mathematical possibility. I`m not a gambling shill, but i`m very frustrated when people put out misleading information. The truth is important.

It is only "long" run when you lose it lol.

Mathematics guarantees that when you bet on infinitely, a time comes when you lose your bankroll.
You cannot win in the long run, because if you win, you are to play again.... till you lose.

Quote

-Gambling can be profitable in the long term for the gambler
-Gambling cannot be profitable in the long term for the gambler
-Gambling can be profitable in the long term for the house
-The house can go bankrupt

All of these 4 scenarios could happen. They are not impossible. It all depends on luck.

2, 3 and 4 are correct. 1 is a wrong statement, and 2 contradicts 1 if you really meant 'cannot'.

Well.. you even said so yourself:

Quote

In infinity all gamblers would lose

My long term is apparently much longer than your long term.

RealBitcoin

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Quote from: coinplus on February 22, 2016, 03:07:44 AM

Quote from: lixer on February 22, 2016, 01:30:04 AM

I believe gambling can not be profitable even in long run.
It is not at all possible to develop your skills against the bots. May be profitable if you play against another player. You can beat another gambler but not definitely a gambling bot.

You are never playing against a gambling bot lol, rather you are playing against a site whose bankroll is too big to be won and yours is too small to be kept away from loosing. I see people martingale and laugh at them, because they are having small bankroll yet they think they can win the big bankroll of the site.

Martingale is just plain stupid, you cannot use it anyway because they have betting size limits.

And its also a foolish strategy because your risk always increases.

coinplus

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Quote from: lixer on February 22, 2016, 01:30:04 AM

I believe gambling can not be profitable even in long run.
It is not at all possible to develop your skills against the bots. May be profitable if you play against another player. You can beat another gambler but not definitely a gambling bot.

You are never playing against a gambling bot lol, rather you are playing against a site whose bankroll is too big to be won and yours is too small to be kept away from loosing. I see people martingale and laugh at them, because they are having small bankroll yet they think they can win the big bankroll of the site.

VegasCasinoBits

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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,

lixer

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I believe gambling can not be profitable even in long run.
It is not at all possible to develop your skills against the bots. May be profitable if you play against another player. You can beat another gambler but not definitely a gambling bot.

diegz

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Quote from: klf on February 19, 2016, 07:33:47 AM

Quote from: sishendaoye on February 19, 2016, 05:47:22 AM

Its possible of course but it mostly not will happen at the most people on a long term.
The most people will lose a lot on a long term so you need pure luck to have it.

Because gambling is not meant for making money so in the long run no one can make money. But most of the people thinks that, they can make lot of easy and fast money from gambling and end up losing all there money in gambling. So just gamble for fun and enjoy the fun part of gambling.

yeah, there are gamblers who thinks exactly like that, they always think that there is profit in gambling in the long run, but even if they win, they never realize how much time and money have been lost in the process before they win a hit....

plost24

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Quote from: Nameless Coin on February 21, 2016, 12:07:48 PM

Quote from: RealBitcoin on February 20, 2016, 03:08:50 AM

Quote from: teilwalL05 on February 20, 2016, 03:00:17 AM

Quote from: RealBitcoin on February 20, 2016, 02:52:10 AM

Quote from: dupeddonk on February 20, 2016, 02:47:54 AM

Quote from: RealBitcoin on February 20, 2016, 02:39:22 AM

I`ve lost yesterday 0.9 BTC in gambling, it pretty much sucks very much, but thats how it is.

Sometimes you win, sometimes you lose. I`m a disciplined gambler and I never bet huge amounts, and it was fun really.

Guess that makes you a long term loser again maybe tomorrow you'll be a long term winner good luck m8

No it's not, I`m at breakeven now, and i`m very disciplined in my gambling. I only do it for fun, i dont expect to get rich from it.

But if I do then that will be nice. A passive atitude is very important.

That is quite some attitude you got there and not thinking in getting rich because of gambling really is the best way to handle emotional dilutions that can go to addiction.

Yes , self control is very important, even if you win. Because emotions drive a person crazy, only rational thinking can save you.

Self control is one of the things you really need to keep in mind if you are gambling with bitcoins.
Look you can make a lot of profit on a long run but this will most likely not happen at you, the most people will do the opposite losing a lot of money in a long run.

right! even if you are super lucky there is a day that you will lose in gamble so there is no 100% chance that gambling is profitable in a long run

Nameless Coin

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Quote from: RealBitcoin on February 20, 2016, 03:08:50 AM

Quote from: teilwalL05 on February 20, 2016, 03:00:17 AM

Quote from: RealBitcoin on February 20, 2016, 02:52:10 AM

Quote from: dupeddonk on February 20, 2016, 02:47:54 AM

Quote from: RealBitcoin on February 20, 2016, 02:39:22 AM

I`ve lost yesterday 0.9 BTC in gambling, it pretty much sucks very much, but thats how it is.

Sometimes you win, sometimes you lose. I`m a disciplined gambler and I never bet huge amounts, and it was fun really.

Guess that makes you a long term loser again maybe tomorrow you'll be a long term winner good luck m8

No it's not, I`m at breakeven now, and i`m very disciplined in my gambling. I only do it for fun, i dont expect to get rich from it.

But if I do then that will be nice. A passive atitude is very important.

That is quite some attitude you got there and not thinking in getting rich because of gambling really is the best way to handle emotional dilutions that can go to addiction.

Yes , self control is very important, even if you win. Because emotions drive a person crazy, only rational thinking can save you.

Self control is one of the things you really need to keep in mind if you are gambling with bitcoins.
Look you can make a lot of profit on a long run but this will most likely not happen at you, the most people will do the opposite losing a lot of money in a long run.

BTCLovingDude

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Quote from: XinXan on February 21, 2016, 06:02:05 AM

I won 1.9 btc the other day and with -0.6 profit before I'm now at 1.3 btc profit, so yeah gambling can be profitable however at this point my best ''bet'' is to stop gambling and just take the profits, most people don't do that and they end up loosing all their profit.

i agree. the best option is always to first gamble what you can afford to lose and in case you got lucky (like you) and won a nice amount and gained a profit, you have to stop and take your winnings or at least take a part of it and play with another part.

XinXan

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I won 1.9 btc the other day and with -0.6 profit before I'm now at 1.3 btc profit, so yeah gambling can be profitable however at this point my best ''bet'' is to stop gambling and just take the profits, most people don't do that and they end up loosing all their profit.

futurebit640

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Quote from: Mr. Big on February 21, 2016, 01:43:20 AM

Quote from: bitgolden on February 20, 2016, 02:55:19 PM

Maybe in long run we are able to control our emotions, this way we can control over greedy then we can make some profit from gambling in long run.

I think gamblers sets aside their emotions when they are gambling, If we are gambling we are risking, that means everything that we win or put in our balance would probably be busted in the long run, so we won't really profit from gambling..

That is correct. As per me also no one can make profits from gambling over the long term. In the long term one will become expert in online games but they will not make more profits from these games for sure. These games are meant for fun and we are using it in wrong way to make profits, that's why it is so hard to make profits in the long run.

TwitchySeal

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Quote from: bitgolden on February 20, 2016, 02:55:19 PM

Maybe in long run we are able to control our emotions, this way we can control over greedy then we can make some profit from gambling in long run.

It's very important to controll our emotions when gambling they can make us crazy in more ways than just greed.

They make us think that we are the best in the world when we are upswinging a little.

If we lose a little, some people just can't help but tell anyone who will listen about how incredibly unlucky they are.

Some people have convince themselves they can win with a betting system like martingale in a game where the house edge stays the same , no matter the size of the bet.

Thats just the Human brain. When it doesn't understand something, instead of realizing that it doesn't understand, it just makes up a story. Usually a story about a reason to do something it know it likes. (Like gambling or living forever and being happy in an amazing world in the sky) Only takes a few times before the story is real.

Casinos aren't the only result of this type of thinking:

Mr. Big

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Quote from: bitgolden on February 20, 2016, 02:55:19 PM

Maybe in long run we are able to control our emotions, this way we can control over greedy then we can make some profit from gambling in long run.

I think gamblers sets aside their emotions when they are gambling, If we are gambling we are risking, that means everything that we win or put in our balance would probably be busted in the long run, so we won't really profit from gambling..

teilwalL05

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Quote from: btcdevil on February 20, 2016, 03:30:38 PM

Quote from: teilwalL05 on February 20, 2016, 03:11:42 PM

Quote from: el kaka22 on February 20, 2016, 02:57:49 PM

Quote from: bitgolden on February 20, 2016, 02:55:19 PM

Maybe in long run we are able to control our emotions, this way we can control over greedy then we can make some profit from gambling in long run.

Yes, without controlling our emotions we can not make profit from gambling even in long run.
But mostly people get more greedy in long run.

I thing you are not gonna profit because of greediness and that will cost you badly, long run playing dosen't mean you are playing it then you are gonna profit forjust one day, long run playing in over a year and not making it just a one day play is gonna make you profit, so don't be very greedy control what your gonna bet.

I do believe that long term gambling makes you more mature and gets experience how to play, first i was loosing in bustabit.com site but after so many months i new the strategy of winning and now i have covered all my loss and made a decent profit, like this i have even seen some players loosing above 20+ btc but after long playing they are now 10+ btc in their account this is what we tell long term gambling makes you mature to play and you can win if you play properly.

I think in getting mature in it is finally stopping in gambling maybe in bustabit have a strategy that you can use after getting the idea on how it works but in other gambling platform you can not use a strategy because it needs pure luck to win.

Topic: Gambling can be profitable in the long run! It is possible! - page 35. (Read 37356 times)