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Topic: How much can you earn with gambling? - page 138. (Read 144991 times)

legendary
Activity: 1176
Merit: 1005
Decentralized Asset Management Platform
October 27, 2015, 04:34:50 AM
It's unbelievable how many words are spent for gambling. We could write a treaty on how is it wrong or good to play and lose money with gambling
hero member
Activity: 658
Merit: 500
October 27, 2015, 04:03:59 AM
you might get extremely lucky and win some money even in a long term though i wouldnt risk my money in order to do that
hero member
Activity: 896
Merit: 1000
October 27, 2015, 03:49:35 AM
I don't understand why gambling for short term ?

It is because in long term you will always lose as you are playing the house edge and with a short term you maybe will get lucky because of your own luck. In short term, some player have a huge variance and win alot but most people always continue and dont stop which is why they lose it

That isn't true at all.  In the long term, you are more likely to lose than win.  In the short term, you are also more likely to lose, but since it is a smaller subset you have a slightly higher chance to win. 

I think in short term we can control ourselves better to minimize the risks as possible as we can. We can lose or win, but even in the case of lose it will be small lose , safest than the long term, as known we can't guarantee the result of our bets 

In short term, the lucky is more important. So if you are lucky, you win some. For long term, the luckiness is less important, the house edge is more important, you always lose.
hero member
Activity: 742
Merit: 500
October 26, 2015, 06:41:01 PM
I don't understand why gambling for short term ?

It is because in long term you will always lose as you are playing the house edge and with a short term you maybe will get lucky because of your own luck. In short term, some player have a huge variance and win alot but most people always continue and dont stop which is why they lose it

That isn't true at all.  In the long term, you are more likely to lose than win.  In the short term, you are also more likely to lose, but since it is a smaller subset you have a slightly higher chance to win. 

I think in short term we can control ourselves better to minimize the risks as possible as we can. We can lose or win, but even in the case of lose it will be small lose , safest than the long term, as known we can't guarantee the result of our bets 
sr. member
Activity: 308
Merit: 250
October 26, 2015, 04:07:56 PM
I don't understand why gambling for short term ?

It is because in long term you will always lose as you are playing the house edge and with a short term you maybe will get lucky because of your own luck. In short term, some player have a huge variance and win alot but most people always continue and dont stop which is why they lose it

That isn't true at all.  In the long term, you are more likely to lose than win.  In the short term, you are also more likely to lose, but since it is a smaller subset you have a slightly higher chance to win. 
legendary
Activity: 1540
Merit: 1013
October 26, 2015, 01:32:02 PM
I don't understand why gambling for short term ?

It is because in long term you will always lose as you are playing the house edge and with a short term you maybe will get lucky because of your own luck. In short term, some player have a huge variance and win alot but most people always continue and dont stop which is why they lose it
legendary
Activity: 1988
Merit: 1317
Get your game girl
October 26, 2015, 01:04:58 PM
For short term, if we are lucky, we can win some thing. If we stop there, we will make some profit. If we continue to gamble, we will lose at the end.

I don't understand why gambling for short term ? There are many other ways to double your money legally/illegally but gambling.Gambling is totally based on luck and especially all these computer programs can have any twists in the game.Its better to gamble something else then on casino or dice games .Sports betting is fine as long as you have knowledge about the game and the players.
sr. member
Activity: 434
Merit: 250
October 26, 2015, 12:55:32 PM
There is no limit to what you CAN win from gambling.  There is a limit to what you can lose(everything you own).  Don't try and get rich from gambling, play it for fun and have rules and limits, you will be much more happy in the long run.

That is the right advice. Enjoy the gambling process is as important as winning in gambling. So the enjoyment is limitless.
hero member
Activity: 784
Merit: 1000
October 26, 2015, 12:13:01 PM
There is no limit to what you CAN win from gambling.  There is a limit to what you can lose(everything you own).  Don't try and get rich from gambling, play it for fun and have rules and limits, you will be much more happy in the long run.
hero member
Activity: 658
Merit: 500
October 26, 2015, 10:27:49 AM
i doubt that you can earn a lot with it because of house edge on the most gambling games
legendary
Activity: 924
Merit: 1006
October 26, 2015, 10:22:48 AM
Highest profit when I gamble on final world cup with directbet. I won about 7x from my initial bet and I feel regret since I just gamble about BTC 0.01

For short term, if we are lucky, we can win some thing. If we stop there, we will make some profit. If we continue to gamble, we will lose at the end.

My problem is when I must stop ( Greed sometimes take over me )
sr. member
Activity: 434
Merit: 250
October 26, 2015, 09:24:32 AM
You can earn loads and lose loads of money in gambling. I personally do not like gambling at all because the house has an edge and would win in the long term.

This applies to the site of the dice, the owner of the house always wins and I love sports gambling, so it all depends on luck and knowledge Grin

Sports betting depends on the knowledge. What happens if the operator (participants) of the sports manipulate the results? Can you spot that? This is my main concern.
legendary
Activity: 1960
Merit: 1026
October 26, 2015, 04:32:18 AM
You can earn loads and lose loads of money in gambling. I personally do not like gambling at all because the house has an edge and would win in the long term.

This applies to the site of the dice, the owner of the house always wins and I love sports gambling, so it all depends on luck and knowledge Grin
legendary
Activity: 1078
Merit: 1000
October 26, 2015, 04:26:27 AM
at this point of time, i lose about 0.9btc through sport gambling. i dont think i can ever recover those bet unless i make some really huge bets and get lucky with those.

Don't think of recovering those lost bitcoins in one shot with huge bets because in gambling no guarantee you can win so it it better either you stop gambling if you think your not winning or still gamble with small amount for fun and in this process if you can recover you money then your lucky or just forget about you loses and move on with some other things.

Depends on what game you play, sometimes there are a winning guarantee match that you all in you will win it but if you dare to make that bet. Because I ever saw people bet 25 btc on 1 match and lead him to win a lot like 16 btc if I not mistaken. Yeah after recovering it you should not played it anymore or later you will regret it
hero member
Activity: 840
Merit: 1000
October 26, 2015, 03:52:13 AM
The function of f(x) where f is a random function of gambling usually means that the domain of f(x) will always be equal to or above negative your maximum bankroll. (Disclaimer: function notation doesn't really apply here, but...)

Or in easier terms, you can lose all of your money or make an amount that tends towards infinity if you're able to. Smiley

But it's bad to think of how much you can "earn" from gambling. It's a negative EV game and should be played for fun.

Not always. Sometimes the website owner make a + ev game so you will get profit but of course this is limited only. According to math then you will lose but variance can be such a bad ass in the game
legendary
Activity: 1134
Merit: 1118
October 26, 2015, 03:18:55 AM
The function of f(x) where f is a random function of gambling usually means that the domain of f(x) will always be equal to or above negative your maximum bankroll. (Disclaimer: function notation doesn't really apply here, but...)

Or in easier terms, you can lose all of your money or make an amount that tends towards infinity if you're able to. Smiley

But it's bad to think of how much you can "earn" from gambling. It's a negative EV game and should be played for fun.
sr. member
Activity: 322
Merit: 250
October 26, 2015, 03:16:13 AM
i dont intend to sopt gambling into every single site but the offers are tricky for gambling 49% to double 51% to lose all and the changes to earn money into long run are none soo never gamble any money you can afford to lose.
legendary
Activity: 3374
Merit: 2198
I stand with Ukraine.
October 26, 2015, 03:12:24 AM
For short term, if we are lucky, we can win some thing. If we stop there, we will make some profit. If we continue to gamble, we will lose at the end.

Yeah, but what if you are not lucky? What if you lose your first bet, say 0.1? Then the real hell starts when you try to recover, when you think "I just want my money back and then I quit". With that way of thinking you can lose all you have, borrow some and lose that too. ... So, yeah, you should never even try to make money from gambling.
sr. member
Activity: 462
Merit: 250
October 26, 2015, 03:03:56 AM
at this point of time, i lose about 0.9btc through sport gambling. i dont think i can ever recover those bet unless i make some really huge bets and get lucky with those.

Personally I'd rather not think recovering it cuz based on my experience,I just lose more whenever I wanna recover a big loss. My advice is just forget it in the meantime and just bet the normal way, you'll eventually recover your loss without knowing it Cheesy That quite helped me , hope the same with you Smiley
hero member
Activity: 896
Merit: 1000
October 26, 2015, 02:57:00 AM
For short term, if we are lucky, we can win some thing. If we stop there, we will make some profit. If we continue to gamble, we will lose at the end.
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