Two words - Gambler's Fallacy
A very straight forward note against this - not to mention very fun.
https://en.wikipedia.org/wiki/Gambler%27s_fallacy
Topic: Gambling can be profitable in the long run! It is possible! - page 38. (Read 37333 times)
Yes, it can be profitable in the long run, here is my way to bet:
Let's say there is 9 games with good odds. I divide them as 3 group and make sure total odds are the same. If I lost in first, I deposit double in second group. In some point when you win, you get the deposit and profit depends on the odds. If you have experience in sportsbook, you can find the right games with good odds. People usually put lots of money in insane odds, after they lost one.
well, you're not Paul the octopus, so be patient and don't be greedy. That's all I know.
Let's say there is 9 games with good odds. I divide them as 3 group and make sure total odds are the same. If I lost in first, I deposit double in second group. In some point when you win, you get the deposit and profit depends on the odds. If you have experience in sportsbook, you can find the right games with good odds. People usually put lots of money in insane odds, after they lost one.
well, you're not Paul the octopus, so be patient and don't be greedy. That's all I know.
Long run = forever (infinity)
Unfortunately we will all die before we get there.
Fortunately, we can use math to determine if a bet can be profitable or not in the long run.
Gambling absolutely can be profitable in the long run, as long as you know how to find a way to bet your money while you have the edge.
OPs slot machine explanation is ridiculous, if 100 people bet $100 for 1 day on a machine with 1% house edge:
They all have an expected value of negative $1
THey could win $1 million each that day.
They wouldn't mean their were profitable in the long run.
If they kept betting forever, and never died, they lose all the money in the world (times infinity)
Unfortunately we will all die before we get there.
Fortunately, we can use math to determine if a bet can be profitable or not in the long run.
Gambling absolutely can be profitable in the long run, as long as you know how to find a way to bet your money while you have the edge.
OPs slot machine explanation is ridiculous, if 100 people bet $100 for 1 day on a machine with 1% house edge:
They all have an expected value of negative $1
THey could win $1 million each that day.
They wouldn't mean their were profitable in the long run.
If they kept betting forever, and never died, they lose all the money in the world (times infinity)
I personally will always use gambling and I'll bet all my money. Gambling is the most enjoyable thing to get a such a huge advantage in so short a time. So, I'll decide to keep using gambling to find great benefits. Gambling that I always use is dice, poker, and sports. We wish you luck
I know it is your right to continue to play, but I state that gambling can not be used for long run. can i ask you. how about your statistics on gambling?A gambling it depends how we do it. If we do very well with the gambling (strategy) inevitably will gambling gambling can be used for a long period and if we treat gambling is not good then gambling cannot be used for the long term. In the gambling strategies and much needed peace of mind to get a victory. I have a pretty good stats in gambling, I don't mean to be arrogant. I intend to change the mind of you guys who think that gambling is just a game that can drain the property. And that statement is true, but it only applies to the person not yet understand about gambling/origin of gambling.
I personally will always use gambling and I'll bet all my money. Gambling is the most enjoyable thing to get a such a huge advantage in so short a time. So, I'll decide to keep using gambling to find great benefits. Gambling that I always use is dice, poker, and sports. We wish you luck
I know it is your right to continue to play, but I state that gambling can not be used for long run. can i ask you. how about your statistics on gambling?
I personally will always use gambling and I'll bet all my money. Gambling is the most enjoyable thing to get a such a huge advantage in so short a time. So, I'll decide to keep using gambling to find great benefits. Gambling that I always use is dice, poker, and sports. We wish you luck
I think gamble can be profitable if you respect a strategy and have patience.
You can't won more money.You can make maximum 10-20% monthly profit.
If you want big odds is more change to lose all.
You can't won more money.You can make maximum 10-20% monthly profit.
If you want big odds is more change to lose all.
Why you limit that someone only can make 10-20% monthly profit? I guess I can make more than that if I have more balance because with more balance you sure can earn more too. 10-20% is too easy I think, some people tend to make 1 btc per month or per 3 month and I guess that is more than 10-20%
With the martingale tactic, the higher balance you have the lower the chances of losing money.
Yes it is true that martingale is somehow depends on your balance but although you have huge amount doesnt mean that you can't suffer a lot of losing streak though. Although you play at 2x odds you will still suffer a great losing streak if you never know when to stop it when you are already winning a good amount. And if you are not manage your balance and your base bet I dont think even using martingale can cover it up
I think gamble can be profitable if you respect a strategy and have patience.
You can't won more money.You can make maximum 10-20% monthly profit.
If you want big odds is more change to lose all.
You can't won more money.You can make maximum 10-20% monthly profit.
If you want big odds is more change to lose all.
Why you limit that someone only can make 10-20% monthly profit? I guess I can make more than that if I have more balance because with more balance you sure can earn more too. 10-20% is too easy I think, some people tend to make 1 btc per month or per 3 month and I guess that is more than 10-20%
With the martingale tactic, the higher balance you have the lower the chances of losing money.
Yes, if you have maximum enough bankroll, then the chances of getting wiped out is practically impossible. After a long loosing streak in Martingale, just one winning bet will recover all your losses.
I think gamble can be profitable if you respect a strategy and have patience.
You can't won more money.You can make maximum 10-20% monthly profit.
If you want big odds is more change to lose all.
You can't won more money.You can make maximum 10-20% monthly profit.
If you want big odds is more change to lose all.
Why you limit that someone only can make 10-20% monthly profit? I guess I can make more than that if I have more balance because with more balance you sure can earn more too. 10-20% is too easy I think, some people tend to make 1 btc per month or per 3 month and I guess that is more than 10-20%
With the martingale tactic, the higher balance you have the lower the chances of losing money.
in gambling one day you win and 10 days you lose that is the lucky it is not everyday with us so no Gambling can't be profitable in the long run
Gambling is actual made for entertainment purpose but not for making profits from these games so no one can win money regularly from gambling. As you said only some times people can win and most of the time they will lose and houses will win so it is not a good idea to gambler everyday.
I think gamble can be profitable if you respect a strategy and have patience.
You can't won more money.You can make maximum 10-20% monthly profit.
If you want big odds is more change to lose all.
You can't won more money.You can make maximum 10-20% monthly profit.
If you want big odds is more change to lose all.
Why you limit that someone only can make 10-20% monthly profit? I guess I can make more than that if I have more balance because with more balance you sure can earn more too. 10-20% is too easy I think, some people tend to make 1 btc per month or per 3 month and I guess that is more than 10-20%
in gambling one day you win and 10 days you lose that is the lucky it is not everyday with us so no Gambling can't be profitable in the long run
yeah, that is true, there is only once in a while chance that we are lucky...and sometimes when we are lucky, we only have few satoshis to bet... so we can't really profit in the long run from gambling..
in gambling one day you win and 10 days you lose that is the lucky it is not everyday with us so no Gambling can't be profitable in the long run
When you met martingale you said that: Oh, no lucky.. Gamble more!.. When you win some, you want more... So met martingale again! LoL... profitable, of course, on short term pls!
Gambling is good in the long run only when it is done knowing where to stop, I mean that if enough profit is made, we should stop and wait unless we feel we are lucky again...
Else, it is such an addiction that you would always lose more than what you will win...
yeah if we know when stop of course its like trading and we can use it for long run.Else, it is such an addiction that you would always lose more than what you will win...
but natural greedy of human always win
That's true, generally if we are winning we become more greedy and we don't quit at the right time, as we have a feeling that we can make some more money and at the end we loose everything.
Gambling is good in the long run only when it is done knowing where to stop, I mean that if enough profit is made, we should stop and wait unless we feel we are lucky again...
Else, it is such an addiction that you would always lose more than what you will win...
yeah if we know when stop of course its like trading and we can use it for long run.Else, it is such an addiction that you would always lose more than what you will win...
but natural greedy of human always win
In my opinion, if you already meet the target, that you have to do to withdraw all your funds. or you could leave little balance to keep you satisfied. Because if the funds already in the withdraw and you just set aside a bit of balance, would you make a little bit of betting that is pretty extreme and after you lose by using the remaining funds, surely you will end the game
Absolutely right...
But in the end, as said in previous post by Pattart, human greed always wins...
In gambling, you are not just competing with others, but the biggest competitor of yours is you yourself...
So, you need to win against yourself by having complete control over yourself...
Gambling is good in the long run only when it is done knowing where to stop, I mean that if enough profit is made, we should stop and wait unless we feel we are lucky again...
Else, it is such an addiction that you would always lose more than what you will win...
yeah if we know when stop of course its like trading and we can use it for long run.Else, it is such an addiction that you would always lose more than what you will win...
but natural greedy of human always win
In my opinion, if you already meet the target, that you have to do to withdraw all your funds. or you could leave little balance to keep you satisfied. Because if the funds already in the withdraw and you just set aside a bit of balance, would you make a little bit of betting that is pretty extreme and after you lose by using the remaining funds, surely you will end the game
Gambling is good in the long run only when it is done knowing where to stop, I mean that if enough profit is made, we should stop and wait unless we feel we are lucky again...
Else, it is such an addiction that you would always lose more than what you will win...
yeah if we know when stop of course its like trading and we can use it for long run.Else, it is such an addiction that you would always lose more than what you will win...
but natural greedy of human always win
Gambling is good in the long run only when it is done knowing where to stop, I mean that if enough profit is made, we should stop and wait unless we feel we are lucky again...
Else, it is such an addiction that you would always lose more than what you will win...
Else, it is such an addiction that you would always lose more than what you will win...
You're absolutely right. Gambling it has several factors to be won and lost. If you want to win in gambling, make sure you don't have ambition in gambling, and you have to have a strategy. If the terms you have to meet, the next step is you need to make a profit target that you will create and suggestions I make enough profit and don't overdo it.
It is possible, but you need a very good skill and mainly 'LUCK' 
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