Gambling can be profitable in the long run! It is possible! - page 4.

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.

dorhug121

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It can be profitable on a long term but I do not recommend it at all look at how many people lost a lot of people instead of winning and made profit.
I think the stats are already saying enough about the fact it can be profitable on a long term but most likely, like the most you will fail doing this, you need to have a lot of luck to succeed at this

StoreBit

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no its not possible for all the people some time people won a lot using bitcoin but some time they lose all their money. so it is difficutl to say that people will won in gambling in long run.

aranachristianjay

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Quote from: Superbitzz on June 14, 2016, 01:47:11 PM

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

sorry but i disagree with you. i think gambling is a game of change. so you have to put every think on your luck. there is no need of such hard working. so it can never be profitable for a long run. i think we should not totally depend on gambling.

Not all gambling games can be run on luck or based on luck, some of it are also based on the skill on the gambler, It is still possible to become a winner for a long run but with correct handling of the game, and when I mean a skill based game, I am referring to a games like poker where strategies is needed and not just a total luck.

But as what I had just said you still should play carefully as there were a winner there will always be a loser, so play with your best strategies on a games which is based on skill and not on luck.

Superbitzz

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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

sorry but i disagree with you. i think gambling is a game of change. so you have to put every think on your luck. there is no need of such hard working. so it can never be profitable for a long run. i think we should not totally depend on gambling.

Dr.Osh

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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

Phildo

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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.

To follow on this, the way casinos work is to make you think you are flipping a fair coin when you are actually flipping a loaded coin. It's not a coin that always lands on heads. But one that is designed to land on heads 54 times out of 100 instead of 50 will make the person betting on heads (the casino) a lot of money over time.

Also note, that how it's possible for gambling to be profitable in the long term, build a casino and put the odds in your favor.

hua_hui

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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.

jamestboy

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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.

Sandroxa

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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.

In the most cases you are losing more money than you win in gambling and that is really bad because not everyone is knowing that they lose that much money.
But it will be nice if you can make some profit in a fast time and that should be perfect.

drwtsn32

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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.

bitcoinboy12

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Quote from: Superways on June 14, 2016, 08:10:52 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 not possible as it totally depend on luck and in those places luck do not always remain on your side, so play on there only for fun and do not make it your job to play for earning, as it is nonsense that a person support his family by playing games online.

Yep. Say, even if you have played the game a million of times and spent years playing it. There's no really way you can beat the odds just that. Rolling a dice simply gives you 1 out of 6 chances of winning. There is no way you can change that.

Superways

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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 not possible as it totally depend on luck and in those places luck do not always remain on your side, so play on there only for fun and do not make it your job to play for earning, as it is nonsense that a person support his family by playing games online.

keyscore44

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Quote from: Sandroxa on June 13, 2016, 05:00:00 AM

Gambling will be profitable only when you are lucky and that is because it is not that easy to earn some money with gambling because it happens not that often to earn money.
Because it is quite rare if you are lucky in gambling so that is really bad, but you have to know that the chance of losing is really high.

As you wrote it is rare to be lucky.. but it is more about house edge of casino than about your luck. Rules of every casino are this same - House Edge have to be on plus, so over 50% for casino. It is logic, that even if you are lucky sooner o later in long run you will lose. With luck, this time will only be extended.

Sandroxa

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Gambling will be profitable only when you are lucky and that is because it is not that easy to earn some money with gambling because it happens not that often to earn money.
Because it is quite rare if you are lucky in gambling so that is really bad, but you have to know that the chance of losing is really high.

goldcoinminer

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Quote from: WaffleMaster on June 12, 2016, 08:52:10 PM

Quote from: Cyaren on June 11, 2016, 01:12:42 AM

It could obviously happen just as anything can happen over the long term. But seriously the chances are extremely slim that you'll be in the winners category in the long run. You're probably gunna lose instead.

There is a thing called house edge that prevents you from doing so.

Yep the house will get you. However in poker games like texas holdem there is no house edge. So if you educate yourself on the probability then you can get an edge over the other players and then make money long term. For example, if you have flopped a flush draw, there is a 33% chance you will get your flush by the end. 15% each card basically.

Only in poker where you can be profitable in the long run, and the good thing is you can make it as a source of your income if you are really good even if you do not have much money to risk but they are people which are real gambler who will finance you as their player.

WaffleMaster

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Quote from: Cyaren on June 11, 2016, 01:12:42 AM

It could obviously happen just as anything can happen over the long term. But seriously the chances are extremely slim that you'll be in the winners category in the long run. You're probably gunna lose instead.

There is a thing called house edge that prevents you from doing so.

Yep the house will get you. However in poker games like texas holdem there is no house edge. So if you educate yourself on the probability then you can get an edge over the other players and then make money long term. For example, if you have flopped a flush draw, there is a 33% chance you will get your flush by the end. 15% each card basically.

Cyaren

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It could obviously happen just as anything can happen over the long term. But seriously the chances are extremely slim that you'll be in the winners category in the long run. You're probably gunna lose instead.

There is a thing called house edge that prevents you from doing so.

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Quote from: iamsange on June 10, 2016, 11:33:57 PM

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.

just wonder i never get any luck in poker site , i think poker need luck too when we will get any card, but in sportsbetting we still can analyze from both team's statistic

Luck is just a bonus for me because if you really want to win in gambling you don't need to rely on luck as the key is consistency. Only if you are good in gambling will give you a good profit in the long run, how much more if you are lucky, the potential to earn unlimited money is really high for you. Poker should be the best gambling game to focus for people who has skilled in doing it.

iamsange

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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.

just wonder i never get any luck in poker site , i think poker need luck too when we will get any card, but in sportsbetting we still can analyze from both team's statistic

Topic: Gambling can be profitable in the long run! It is possible! - page 4. (Read 37333 times)