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Topic: Gambling investment is zero sum - page 4. (Read 1969 times)

hero member
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January 05, 2017, 11:38:38 PM
#32
When it comes to gambling, profit is the major concern. You need to be a pro gambler else need to be the luckiest one to gain good profit. Other than this to be successful, users prefer to invest on the gambling house. The reason is that house will always profited high than the users. Only a countable number of users prefer gambling for the purpose of fun and excitement.
legendary
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January 05, 2017, 09:00:50 PM
#31
Just for fun in the world of betting bitcoin there are too many options one of most I love is social gambling like bitdouble.io or sportsbooks like 1XBIT and Nitrogenous if you want to make money just take a job, gambling isn't the way.
that's completely right if you want some good earnings find a decent job as gambling is not a good investment risk really big even playing with the house the possibility of getting busted is still there so better play for fun and gamble with full responsibility.
hero member
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January 05, 2017, 07:59:39 PM
#30
Just for fun in the world of betting bitcoin there are too many options one of most I love is social gambling like bitdouble.io or sportsbooks like 1XBIT and Nitrogenous if you want to make money just take a job, gambling isn't the way.
sr. member
Activity: 686
Merit: 253
January 05, 2017, 05:18:53 PM
#29
Gambling investment is zero or negative sum, considering the house has to profit.

So why are you guys do bitcoin gambling as an investment instruments? OR merely just for the fun, like going to a physical casino.

Majority gamble for fun and some confuse addiction with fun so they end up losing money for painful entertainment. The bookies are always going to win in the long run so I don't believe in gambling as a form of investment at least through my experience.
sr. member
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January 05, 2017, 05:07:43 PM
#28
Gambling investment is zero or negative sum, considering the house has to profit.

So why are you guys do bitcoin gambling as an investment instruments? OR merely just for the fun, like going to a physical casino.

If you are INVESTING in casinos, that means you ARE the house. Which means that you are going to profit in the long term because the house edge stands on your side. The more people gamble, theoretically the more you are going to profit.

So no, gambling investments are actually +EV and that's why people do invest in the house.

I think you might have confused "gambling" and "gambling investment". If you are gambling then obviously you should be doing so for fun and not the profit, and if you try to go for the profit eventually you'll lose in the long run.

i think it is clear here, on casino investment i think it is unlikely to lost the money, house will always win in long term, it is quite different on gambling
legendary
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January 05, 2017, 04:57:58 PM
#27
Gambling investment is zero or negative sum, considering the house has to profit.

So why are you guys do bitcoin gambling as an investment instruments? OR merely just for the fun, like going to a physical casino.

Looks like you have wrong definition here, gambling is not investment, it's just for fun.
I wonder why still a human think gambling as investment Undecided unless you investing in house, your profit is otherwise than you play gamble, investing in house also considered as gambling, the house will not always won, you probably lose.



What you said is the perfect definition of gambling investment, most of them are thinking that if they invest in gambling sites they will earn profit as most of the users are loosing when they are playing, but they forget that some big players deposit high and play some games in bingo style and when they win high they just withdraw and dont return, so that loss is also affects the investment of the users other then site owners.
legendary
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January 05, 2017, 04:36:41 PM
#26
Gambling investment is zero or negative sum, considering the house has to profit.

So why are you guys do bitcoin gambling as an investment instruments? OR merely just for the fun, like going to a physical casino.

Looks like you have wrong definition here, gambling is not investment, it's just for fun.
I wonder why still a human think gambling as investment Undecided unless you investing in house, your profit is otherwise than you play gamble, investing in house also considered as gambling, the house will not always won, you probably lose.

hero member
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January 05, 2017, 03:29:24 PM
#25
Gambling investment is zero or negative sum, considering the house has to profit.

So why are you guys do bitcoin gambling as an investment instruments? OR merely just for the fun, like going to a physical casino.

Your gambling definition doesn't take into account poker and sports gambling.
Those 2 gambling games are special and can see a positive result.
But most people here don't use gambling as an investment. In fact even those gambling games aren't real investment they're just... Professional gamble. We play casino just for the fun and the thrill of knowing that you CAN win big and that's what you want here. Oh and when we talk about casino investment it's not about gambling but about investing in the bankroll of the casino. Which means that you have a share of the casino profit so it's a real investment Wink
hero member
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January 05, 2017, 02:15:40 PM
#24
my strategy in gambling , another sport betting
blackjack, poker, dice and all gambling in playing game
iam use zero sum game, and not high profit but very fast all my money lost
legendary
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January 05, 2017, 01:49:58 PM
#23
Gambling investment is zero or negative sum, considering the house has to profit.
Not always.If you're playing on a reputed gambling site (like the one in my signature),the house odds are comparatively low and the rounds are provable fair.It's a myth that the house has to profit.How can one assume that when they have seeds of the previous rounds to verify the bet was fair ? High house odds,I agree but nowadays most of the gambling sites are lowering it down to 2-0.01%.

So why are you guys do bitcoin gambling as an investment instruments? OR merely just for the fun, like going to a physical casino.
Investment and playing,two different things (atleast in online bitcoin gambling).Differs from person-person.For me,it's all about the time to kill.
legendary
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January 05, 2017, 01:32:38 PM
#22
Gambling investment is zero or negative sum, considering the house has to profit.

So why are you guys do bitcoin gambling as an investment instruments? OR merely just for the fun, like going to a physical casino.

your topic subject is so misleading, as others pointed out, you should edit it because when you say gambling investment it means investing in a gambling casino's bankroll and share in the profit the house makes and it is a completely different thing and while it is still risky but it can be profitable.

and about using gambling as an investment to make money from gambling i have to say it is not a good idea but it is not impossible either. you just have to choose the game and the strategy you want to use carefully.
tyz
legendary
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January 05, 2017, 12:16:45 PM
#21
Gambling investment is zero or negative sum, considering the house has to profit.

So why are you guys do bitcoin gambling as an investment instruments? OR merely just for the fun, like going to a physical casino.

Why do play millions of people lottery each week, when only one or two win the jackpot? That's actually the same question. For most of them, it is an absolute losing bargain.

So I think for constant Bitcoin gamblers, either they are addicted or they have found a strategy to make more than they lose.
hero member
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Merit: 622
January 05, 2017, 09:31:11 AM
#20
Gambling investment is zero or negative sum, considering the house has to profit.

So why are you guys do bitcoin gambling as an investment instruments? OR merely just for the fun, like going to a physical casino.

I don't see gambling as an investment instruments. Reading though this forum I understood that it's a very dangerous way to regard gambling as that. I think people should take it easy and should never expect big profits from gambling. I'm trying to think of gambling as of fun time spending only.
hero member
Activity: 588
Merit: 500
January 05, 2017, 09:08:54 AM
#19
I think you are new, because if you know the taste of playing online gambling? than i think you never ask us. But about the gambling investment, So it has a different mean, invest in casino, if anyone not want, so doesn't matter. Online playing gambling not below to gambling investment statutes. But the different between physical gambling or online gambling, both are also our choice, but I prefer because i like bitcoin, and that's why, i play it, and secondly, it is easy for me to play gambling in anywhere. In fact usually, i play it at my home and in any time, when i like to play gambling.    
legendary
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January 05, 2017, 09:05:12 AM
#18
Gambling investment is zero or negative sum, considering the house has to profit.

So why are you guys do bitcoin gambling as an investment instruments? OR merely just for the fun, like going to a physical casino.

Yes when we invest in casino site we expected the casino to earn some profit and most of the time the casino did won, but of course not every time, and I never considered investment as fun things, i expected to earn some profit when i invest it, and for me casino investment has a higher chance of profit compare to other investment
sr. member
Activity: 528
Merit: 368
January 05, 2017, 08:37:28 AM
#17
Gambling is never an investment regardless of zero, negative, or even posit sum. Even if you give a negative house edge, in the long run the casinos will still win. (…)

I'm not sure I understand what you mean. If the house edge is negative, the casino is virtually guaranteed to eventually go bankrupt.
legendary
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January 05, 2017, 07:49:10 AM
#16
Gambling investment is zero or negative sum, considering the house has to profit.

So why are you guys do bitcoin gambling as an investment instruments? OR merely just for the fun, like going to a physical casino.

There are many gambling addicts who can't stop until their balance is zero and after losing everything they deposit again and then lose it too. These people need professional help mostly, but sometimes some of them have enough strength to stop by themselves. Those people, the gambling addicts, think of gambling as of investment.

Another kind of gamblers are people who do it just for fun. They enjoy gambling, they never have problems with it, because they never thinkk they can become rich from gambling.
legendary
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January 05, 2017, 07:29:39 AM
#15
Gambling investment is zero or negative sum, considering the house has to profit.

So why are you guys do bitcoin gambling as an investment instruments? OR merely just for the fun, like going to a physical casino.
- Gambling is for fun or for some it is just an addiction which they can't left despite of losing so much.
- There is house edge in every casino which ensures that casino will earn some % of total wagered amount.
- For me bitcoin gambling is way to spend some free time alongside to try my luck.


hero member
Activity: 2996
Merit: 609
January 05, 2017, 07:11:13 AM
#14
Gambling investment is zero or negative sum, considering the house has to profit.

So why are you guys do bitcoin gambling as an investment instruments? OR merely just for the fun, like going to a physical casino.

I for myself, i dont treat gambling as an investments, the moment your start gambling your return is not guaranteed while investments (trading) we expects some results and win or loose we still have the % of our Capital
If you play or spend your money in playing gambling its not really an investment but just a pure entertainment but when the time you put your money on the casinos bank roll then its already considered as an investment and you have a percentage profits on house earnings but we cant guarantee anytime to receive because there are times that people who are lucky which could able to make negative profits on a gambling site.
hero member
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Merit: 514
January 05, 2017, 07:06:44 AM
#13
Gambling investment is zero or negative sum, considering the house has to profit.

So why are you guys do bitcoin gambling as an investment instruments? OR merely just for the fun, like going to a physical casino.

Gambling is never an investment regardless of zero, negative, or even posit sum. Even if you give a negative house edge, in the long run the casinos will still win. People here are investing into the casino's bank roll and not really on gambling itself. More on people gamble in bitcoin casinos similar to why people gamble in real casinos.
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