How much can you earn with gambling? - page 127.

panjul07

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Quote from: Baksteenhunter on November 11, 2015, 11:45:10 AM

I earn around 20 dollar a week with a gambling method, but then you are not sure if you get it. You can also lose.

What method and what game do you play? Do you always win without lose a cent every week? If so, you must share it here to prove that your method is working.

Baksteenhunter

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I earn around 20 dollar a week with a gambling method, but then you are not sure if you get it. You can also lose.

faince222

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It only depends from your luck. You can earn a huge quantity of BTC and at the same time you can lose it. Probably there are many ways to reduce possibility to lose, but you can not avoid the possibility to lose all. For example, if you play in a slot machine you have more probability to lose all than Poker, Dice Game, etc.

So, if you want to earn, choice the game that you think that probability of lose is very low.

Aemon

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Interesting debate here. So do you guys think that there is or is not a house edge in sports betting. I can see both sides, but in PVP I also see a side to say there is, usually one team is better than the other team so it isn't exactly 50-50

gampher

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Quote from: panjul07 on November 11, 2015, 04:24:14 AM

Quote from: gampher on November 11, 2015, 04:12:01 AM

Quote from: Barnabe on November 11, 2015, 02:43:14 AM

Quote from: Eastwind on November 11, 2015, 02:23:39 AM

Quote from: Winalunt on November 11, 2015, 01:26:22 AM

Quote from: leex1528 on November 10, 2015, 03:36:44 PM

I disagree, I say there is a house edge when it comes to sports betting. The worst part is its a high house edge. You have professionals betting against you and trying to make you lose. Good luck with that

you are always free to bet with the noob's . It's not a house edge as there is no real/guaranteed chance to make profit's unlike the house in casino,dice etc... professionals do lose many times.

Even though there is no house edge in sports betting, the gambling operator have the rights to set the bet odds. They can always set the odds in their favour.
In the sports betting, it is also the gambler bet against the gambling operator. Of course, if the odds is not set right, gamblers can win, some times with big wins.

I think what they want is to get even + have a little edge. They can easily do this by setting the bet odds so they can manage to break even almost every time. As you said they have no guaranteed result, but they have a shit load of people with math skills who work for them. (Anyway they can also beat variance since they have an incredible number of bets every hour)

but there are no odds if we are betting directly with a guy in the casino ,i mean pvp sports betting .
If we have the required skills then we would certainly know where to bet and when.

There will be an odd on pvp sports betting especially if the match is between big team vs low team (it will hard to get others who want to bet on low team if there is no odds)
The no odds on pvp sports betting only possible if the match is between equal team or a 50-50 match i.e Real Madrid vs Barcelona or Manchester City vs. Manchester United.

yeas you are correct there, but i prolly meant to speak about the house edge , you can beat casino's in such bet's.

panjul07

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Quote from: gampher on November 11, 2015, 04:12:01 AM

Quote from: Barnabe on November 11, 2015, 02:43:14 AM

Quote from: Eastwind on November 11, 2015, 02:23:39 AM

Quote from: Winalunt on November 11, 2015, 01:26:22 AM

Quote from: leex1528 on November 10, 2015, 03:36:44 PM

I disagree, I say there is a house edge when it comes to sports betting. The worst part is its a high house edge. You have professionals betting against you and trying to make you lose. Good luck with that

you are always free to bet with the noob's . It's not a house edge as there is no real/guaranteed chance to make profit's unlike the house in casino,dice etc... professionals do lose many times.

Even though there is no house edge in sports betting, the gambling operator have the rights to set the bet odds. They can always set the odds in their favour.
In the sports betting, it is also the gambler bet against the gambling operator. Of course, if the odds is not set right, gamblers can win, some times with big wins.

I think what they want is to get even + have a little edge. They can easily do this by setting the bet odds so they can manage to break even almost every time. As you said they have no guaranteed result, but they have a shit load of people with math skills who work for them. (Anyway they can also beat variance since they have an incredible number of bets every hour)

but there are no odds if we are betting direectly with a guiy in the casino ,i mean pvp ssports betting .
If we have the required skills then we would certainly know where to bet and when.

There will be an odd on pvp sports betting especially if the match is between big team vs low team (it will hard to get others who want to bet on low team if there is no odds)
The no odds on pvp sports betting only possible if the match is between equal team or a 50-50 match i.e Real Madrid vs Barcelona or Manchester City vs. Manchester United.

gampher

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Activity: 420

Merit: 250

Quote from: Barnabe on November 11, 2015, 02:43:14 AM

Quote from: Eastwind on November 11, 2015, 02:23:39 AM

Quote from: Winalunt on November 11, 2015, 01:26:22 AM

Quote from: leex1528 on November 10, 2015, 03:36:44 PM

I disagree, I say there is a house edge when it comes to sports betting. The worst part is its a high house edge. You have professionals betting against you and trying to make you lose. Good luck with that

you are always free to bet with the noob's . It's not a house edge as there is no real/guaranteed chance to make profit's unlike the house in casino,dice etc... professionals do lose many times.

Even though there is no house edge in sports betting, the gambling operator have the rights to set the bet odds. They can always set the odds in their favour.
In the sports betting, it is also the gambler bet against the gambling operator. Of course, if the odds is not set right, gamblers can win, some times with big wins.

I think what they want is to get even + have a little edge. They can easily do this by setting the bet odds so they can manage to break even almost every time. As you said they have no guaranteed result, but they have a shit load of people with math skills who work for them. (Anyway they can also beat variance since they have an incredible number of bets every hour)

but there are no odds if we are betting direectly with a guiy in the casino ,i mean pvp ssports betting .
If we have the required skills then we would certainly know where to bet and when.

Barnabe

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Quote from: Eastwind on November 11, 2015, 02:23:39 AM

Quote from: Winalunt on November 11, 2015, 01:26:22 AM

Quote from: leex1528 on November 10, 2015, 03:36:44 PM

I disagree, I say there is a house edge when it comes to sports betting. The worst part is its a high house edge. You have professionals betting against you and trying to make you lose. Good luck with that

you are always free to bet with the noob's . It's not a house edge as there is no real/guaranteed chance to make profit's unlike the house in casino,dice etc... professionals do lose many times.

Even though there is no house edge in sports betting, the gambling operator have the rights to set the bet odds. They can always set the odds in their favour.
In the sports betting, it is also the gambler bet against the gambling operator. Of course, if the odds is not set right, gamblers can win, some times with big wins.

I think what they want is to get even + have a little edge. They can easily do this by setting the bet odds so they can manage to break even almost every time. As you said they have no guaranteed result, but they have a shit load of people with math skills who work for them. (Anyway they can also beat variance since they have an incredible number of bets every hour)

Monnt

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You will eventually lose all your money if you keep gambling, so don't do it.

(Excludes Hufflepuff)

Eastwind

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Quote from: Winalunt on November 11, 2015, 01:26:22 AM

Quote from: leex1528 on November 10, 2015, 03:36:44 PM

I disagree, I say there is a house edge when it comes to sports betting. The worst part is its a high house edge. You have professionals betting against you and trying to make you lose. Good luck with that

you are always free to bet with the noob's . It's not a house edge as there is no real/guaranteed chance to make profit's unlike the house in casino,dice etc... professionals do lose many times.

Even though there is no house edge in sports betting, the gambling operator have the rights to set the bet odds. They can always set the odds in their favour.
In the sports betting, it is also the gambler bet against the gambling operator. Of course, if the odds is not set right, gamblers can win, some times with big wins.

Winalunt

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Activity: 525

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Tell Me What A Man Is Without Pride .

Quote from: leex1528 on November 10, 2015, 03:36:44 PM

I disagree, I say there is a house edge when it comes to sports betting. The worst part is its a high house edge. You have professionals betting against you and trying to make you lose. Good luck with that

you are always free to bet with the noob's . It's not a house edge as there is no real/guaranteed chance to make profit's unlike the house in casino,dice etc... professionals do lose many times.

erickimani

newbie

Activity: 42

Merit: 0

that is the most risky investment that you can ever have. you need to be smart when making your decisions but the good or bad with it is that it entirely depends on luck, not how skilled you are. You can win a great amount of cash or lose all your life savings in that. To be smart just avoid gambling and find another form of investment if you want constant and returns.

michinzx

sr. member

Activity: 364

Merit: 250

Quote from: StevenLiang on November 10, 2015, 03:08:05 AM

Quote from: 98problems on November 09, 2015, 05:05:44 PM

with gambling you can surely earn a lot of money you can even earn millions though you have to be extremely lucky

I do not think so..
If gambling really can earn a lot of money, why i keep see a lot people lost their money in gambling?

losing in gambling is something of an unavoidable future, assuming one gambles or plays a certain game indefinitely. most times, a casino game is designed to profit the house in the long run, otherwise there wouldnt be much sense in running a casino. a lucky player may strike a few times and multiply their bank, but that mindset gets a player broke eventually as they keep playing. even more so if they try to recover their losses.

poplolnman

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Most people did same mistake. Play gamble and won around 500$ , and lost 700$ then. So your profit 500$ - lossing 700$ = negative bankroll. Before you lost everything , take your small profit and stop gambling for a while.
Start gamble again and always take a small profit. I usually gamble on sportsbook and until today i made a good profit around 2btc doing like that.

BTCevo

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Quote from: kotwica666 on November 10, 2015, 06:03:19 AM

I don't play online, more likely real slots machines. Last weekend, in saturday, i have two times win - one time 200 euros, second time 350.. But... Finally i lost everything.. Easy come easy go. But it was fun!

Yes slot is fun but really need luck to play with it, AFAIK slot game consume a lot of money and you will hard to win it too, without any luck you will just wasting your money there without giving any good profit with it and mostly people are trying to hit jackpot there and it is quite hard to do

jamieebotwin

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1 bet max earn 1.67BTC (sports betting) but i lost too much

leex1528

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Quote from: s1ng on November 10, 2015, 10:53:35 AM

Quote from: bitstealth on November 10, 2015, 06:20:53 AM

Sports betting doing nice job for me because i am getting good profit with this and my average daily earning around $10-$15. Cheesy

Since there's no house edge to beat instead you just need deep analysis to every much to predict the result

Quote from: darkangel11 on November 10, 2015, 10:37:09 AM

Quote from: BitmoreCoin on November 10, 2015, 09:12:42 AM

Quote from: kotwica666 on November 10, 2015, 06:03:19 AM

I don't play online, more likely real slots machines. Last weekend, in saturday, i have two times win - one time 200 euros, second time 350.. But... Finally i lost everything.. Easy come easy go. But it was fun!

Real slots is fun, you can the images and hear the sounds in a properly environment. Did you make a decision to stop when you won 500 Euro? Sorry to see your loss. But it happens to most people.

Real slot machines are rigged, it's a fact. Long ago when they were mechanical it was hard to implement such systems and the games were fair, but now when the computer is checking the rolls and the balance of the machine it's so easy to add algos that prevent it from going bust. I read an article once where the owners of such machines said that it's a golden investment. You get a steady profit and the machine never runs out of cash.

Slot machine just like lottery, small chance to win but multiple prize if you lucky enough.
If slot machine doesn't give you any win , I'm wonder why slot machine still exist until now

I disagree, I say there is a house edge when it comes to sports betting. The worst part is its a high house edge. You have professionals betting against you and trying to make you lose. Good luck with that

s1ng

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Quote from: bitstealth on November 10, 2015, 06:20:53 AM

Sports betting doing nice job for me because i am getting good profit with this and my average daily earning around $10-$15. Cheesy

Since there's no house edge to beat instead you just need deep analysis to every much to predict the result

Quote from: darkangel11 on November 10, 2015, 10:37:09 AM

Quote from: BitmoreCoin on November 10, 2015, 09:12:42 AM

Quote from: kotwica666 on November 10, 2015, 06:03:19 AM

I don't play online, more likely real slots machines. Last weekend, in saturday, i have two times win - one time 200 euros, second time 350.. But... Finally i lost everything.. Easy come easy go. But it was fun!

Real slots is fun, you can the images and hear the sounds in a properly environment. Did you make a decision to stop when you won 500 Euro? Sorry to see your loss. But it happens to most people.

Real slot machines are rigged, it's a fact. Long ago when they were mechanical it was hard to implement such systems and the games were fair, but now when the computer is checking the rolls and the balance of the machine it's so easy to add algos that prevent it from going bust. I read an article once where the owners of such machines said that it's a golden investment. You get a steady profit and the machine never runs out of cash.

Slot machine just like lottery, small chance to win but multiple prize if you lucky enough.
If slot machine doesn't give you any win , I'm wonder why slot machine still exist until now

Arcteryx

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EtherSphere - Social Games

Quote from: StevenLiang on November 10, 2015, 09:53:21 AM

Quote from: roadbits on November 10, 2015, 04:12:41 AM

-

Sometimes i really have fun when making bet on some sportbooks match.

I bet 0.0001 BTC
You must try this if you're addicted gambler. It will heal you
Believes me

How does it heal you? I would imagine it can only do damage to one's life.

darkangel11

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Don't let others control your BTC -> self custody

Quote from: BitmoreCoin on November 10, 2015, 09:12:42 AM

Quote from: kotwica666 on November 10, 2015, 06:03:19 AM

I don't play online, more likely real slots machines. Last weekend, in saturday, i have two times win - one time 200 euros, second time 350.. But... Finally i lost everything.. Easy come easy go. But it was fun!

Real slots is fun, you can the images and hear the sounds in a properly environment. Did you make a decision to stop when you won 500 Euro? Sorry to see your loss. But it happens to most people.

Real slot machines are rigged, it's a fact. Long ago when they were mechanical it was hard to implement such systems and the games were fair, but now when the computer is checking the rolls and the balance of the machine it's so easy to add algos that prevent it from going bust. I read an article once where the owners of such machines said that it's a golden investment. You get a steady profit and the machine never runs out of cash.

Topic: How much can you earn with gambling? - page 127. (Read 144991 times)