How much can you earn with gambling? - page 146.

futurebit640

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Quote from: bitart on October 17, 2015, 04:09:47 PM

OK and what about sports betting? Is it a kind of gambling or because of the different strategies and probabilities you should not call it gambling but anything else?
I'm not familiar with sports betting yet. I've heard that there is no house edge in sports betting (and poker). So the "luck" in the end is only depends on the information people can collect before betting and on personal expectations about the results of the events? Are there any (or a lot) misleading information online that can differentiate people's bets or it's only personal expectations that makes bets different?

Yes sports betting is not depends on house edges but it needs your knowledge about the game and sports person. Along with your knowledge some time due to unpredictable reasons like player injury or due to nature your prediction may change. Also now days match fixing things are going to each and every game so sometimes even though you predicted correctly but results may change so this is the risk involved in sports betting.

bitart

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Vires in Numeris

OK and what about sports betting? Is it a kind of gambling or because of the different strategies and probabilities you should not call it gambling but anything else?
I'm not familiar with sports betting yet. I've heard that there is no house edge in sports betting (and poker). So the "luck" in the end is only depends on the information people can collect before betting and on personal expectations about the results of the events? Are there any (or a lot) misleading information online that can differentiate people's bets or it's only personal expectations that makes bets different?

Betwrong

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Quote from: Omikifuse on October 15, 2015, 11:52:59 AM

Quote from: Betwrong on October 15, 2015, 09:56:08 AM

Quote from: rizkyhiw on October 14, 2015, 02:17:59 AM

Quote from: ashour on October 13, 2015, 05:46:21 PM

Quote from: maku on October 13, 2015, 04:14:36 AM

I don't gable to earn money. I know it is almost impossible to earn more than you invested. I rather like the thrill of uncertainty gambling brings.
I usually bet only low stakes, maximum 0.001 BTC. So I don't cry later when I lose.

It is REALLY difficult to make profit with gambling, gambling is meant to entertain not to make profit. If someone wants to make profit and have that gambling feeling he should try the stock exchange.

No it is not difficult at all, gambling is the easiest way to make profit and living.
The chance to win in gambling is 50:50 , if you win your money get doubled if not try again and again.
It is so simply right? If you decide to be a professional gambler then you should learn a lot. If not you just need to find your lucky.

But if you lost, how can you "try again and again"? Where can you get the money?

The answer is simple (to wright, but not to have irl): infinite supply. Yes you can make living from gambling if you have an infinite supply of money. This was stated many times before and I can see no other option.

There is not such thing as infinite supply. Even fiat money is limited.

Unless you have much more than you bet, like you have billion $ and martingale starting with $1.

But if you have that much money, why bother to gamble for so little?

Exactly! That's why I'm always saying you should gamble for fun only, never try to make living from it.

MinerHQ

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Quote from: futurebit640 on October 17, 2015, 09:04:40 AM

Quote from: adaseb on October 17, 2015, 06:31:02 AM

Quote from: safari88 on October 17, 2015, 05:25:47 AM

Quote from: lite on October 17, 2015, 05:17:41 AM

Quote from: BitMaxz on October 16, 2015, 12:21:50 PM

For me if im feel im too lucky today i just try to play gambling any game poker sports betting or binggo... I earn if i feel it im so lucky so just feel it before you play... because your luck has own decision/..

Lol i've tried this "I'm feeling lucky today" but the end result for me was loss. hope someday my luck turns good. Wink

yes a few days I was very lucky yesterday. I hope tonight's lucky too. because quite a lot of big league games are back

There is no such thing as luck. Its called statistics and probability. Basically with dice. You will get lucky 49 days and unlucky 51 days .

I think your completely wrong if what you said is correct. If people bet on dice game at 80% they should win 80 times and only 20 times they should loss in 100 bets right? but in reality that will not happen so you need a luck to win dice game because you can't predict what will happen. So no calculations will work out in dice games.

That is true one should have 100% luck to win in gambling like dice games. I don't think any strategy will work in these games.

futurebit640

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Quote from: adaseb on October 17, 2015, 06:31:02 AM

Quote from: safari88 on October 17, 2015, 05:25:47 AM

Quote from: lite on October 17, 2015, 05:17:41 AM

Quote from: BitMaxz on October 16, 2015, 12:21:50 PM

For me if im feel im too lucky today i just try to play gambling any game poker sports betting or binggo... I earn if i feel it im so lucky so just feel it before you play... because your luck has own decision/..

Lol i've tried this "I'm feeling lucky today" but the end result for me was loss. hope someday my luck turns good. Wink

yes a few days I was very lucky yesterday. I hope tonight's lucky too. because quite a lot of big league games are back

There is no such thing as luck. Its called statistics and probability. Basically with dice. You will get lucky 49 days and unlucky 51 days .

I think your completely wrong if what you said is correct. If people bet on dice game at 80% they should win 80 times and only 20 times they should loss in 100 bets right? but in reality that will not happen so you need a luck to win dice game because you can't predict what will happen. So no calculations will work out in dice games.

adaseb

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Quote from: safari88 on October 17, 2015, 05:25:47 AM

Quote from: lite on October 17, 2015, 05:17:41 AM

Quote from: BitMaxz on October 16, 2015, 12:21:50 PM

For me if im feel im too lucky today i just try to play gambling any game poker sports betting or binggo... I earn if i feel it im so lucky so just feel it before you play... because your luck has own decision/..

Lol i've tried this "I'm feeling lucky today" but the end result for me was loss. hope someday my luck turns good. Wink

yes a few days I was very lucky yesterday. I hope tonight's lucky too. because quite a lot of big league games are back

There is no such thing as luck. Its called statistics and probability. Basically with dice. You will get lucky 49 days and unlucky 51 days .

safari88

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Quote from: lite on October 17, 2015, 05:17:41 AM

Quote from: BitMaxz on October 16, 2015, 12:21:50 PM

For me if im feel im too lucky today i just try to play gambling any game poker sports betting or binggo... I earn if i feel it im so lucky so just feel it before you play... because your luck has own decision/..

Lol i've tried this "I'm feeling lucky today" but the end result for me was loss. hope someday my luck turns good. Wink

yes a few days I was very lucky yesterday. I hope tonight's lucky too. because quite a lot of big league games are back

lite

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Quote from: BitMaxz on October 16, 2015, 12:21:50 PM

For me if im feel im too lucky today i just try to play gambling any game poker sports betting or binggo... I earn if i feel it im so lucky so just feel it before you play... because your luck has own decision/..

Lol i've tried this "I'm feeling lucky today" but the end result for me was loss. hope someday my luck turns good. Wink

Inkvor

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Quote from: tennozer on October 15, 2015, 10:05:33 AM

Quote from: darkangel11 on October 15, 2015, 10:02:26 AM

You guys are funny. If you had infinite supply why would you even worry about making a living or thinking about multiplying your money? Infinite is infinite!

On the other hand, you are totally right. If I have infinity supply why am I try to gamble? I just only spend all my time with funny things which I like.

yes that is why people gamble even after holding infinite money....because they are addicted to gambling and also like it .
it is not necessary that people gamble to win or just to earn money from it ?

wearepoor

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Quote from: s1ng on October 16, 2015, 12:39:23 PM

I can got more than 2x times profit.
When I try to make more , mostly I got bust so that's why I change my playing method rather than using martiangle

Quote from: aakashsangwan on October 16, 2015, 11:56:20 AM

i am earning around 20 to 30% from gambling in cricket, soccer, and tennis, i have taken service from professional and here in this bitcointalk.org site some thread are really giving nice predictions. i dont sit on one team , i play on both teams according to the situations.

If you have good analysis against sport betting, I think you will get huge profit ..

Agreed with you that sports betting are always profitable if you have very good knowledge about sports and if you have developed your own strategy for sports betting. Sports betting are safe and there are maximum chances for booking profit or at least to recover your losses.

s1ng

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I can got more than 2x times profit.
When I try to make more , mostly I got bust so that's why I change my playing method rather than using martiangle

Quote from: aakashsangwan on October 16, 2015, 11:56:20 AM

i am earning around 20 to 30% from gambling in cricket, soccer, and tennis, i have taken service from professional and here in this bitcointalk.org site some thread are really giving nice predictions. i dont sit on one team , i play on both teams according to the situations.

If you have good analysis against sport betting, I think you will get huge profit ..

BitMaxz

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For me if im feel im too lucky today i just try to play gambling any game poker sports betting or binggo... I earn if i feel it im so lucky so just feel it before you play... because your luck has own decision/..

aakashsangwan

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i am earning around 20 to 30% from gambling in cricket, soccer, and tennis, i have taken service from professional and here in this bitcointalk.org site some thread are really giving nice predictions. i dont sit on one team , i play on both teams according to the situations.

Nobitcoin

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In holiday we trust

The best few days I ever had gambling was when I went from 40mbtc to almost 3 BTC in a week bit sadly lost it the next day. That was the only luckiest time I have had gambling.

tennozer

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Quote from: FanEagle on October 16, 2015, 09:41:19 AM

Step 0 is the initial:

0)Earn some bitcoin/buy
1)Find a casino where to play
2)Set a small limit to profit
3)Play
4)Withdraw the profit
5) Huh

6)Go back to 1)

If you will play like this, you can not get out in this circle. So gambling is like this. If somebody get in this circle, everybody can not get out and maybe they loose their all money, they will go back not point 1, they will go back point 0 to earn some money for gamble.

Aemon

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Quote from: Erza on October 16, 2015, 10:22:02 AM

Quote from: darkangel11 on October 15, 2015, 10:02:26 AM

You guys are funny. If you had infinite supply why would you even worry about making a living or thinking about multiplying your money? Infinite is infinite!

Sometimes people wont even dare to gambling because they scare of losing some money, although they got infinite supply they still wont gambling , its better for them to buy some drinks and branded things but now people on this section like to do some gamblings so mostly will start to multiplying their money here

No one has a infinite supply of money! And if you did have an infinite supply, would you even bother gambling? It would be pointless.

Erza

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Quote from: darkangel11 on October 15, 2015, 10:02:26 AM

You guys are funny. If you had infinite supply why would you even worry about making a living or thinking about multiplying your money? Infinite is infinite!

Sometimes people wont even dare to gambling because they scare of losing some money, although they got infinite supply they still wont gambling , its better for them to buy some drinks and branded things but now people on this section like to do some gamblings so mostly will start to multiplying their money here

FanEagle

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Step 0 is the initial:

0)Earn some bitcoin/buy
1)Find a casino where to play
2)Set a small limit to profit
3)Play
4)Withdraw the profit
5) Huh

6)Go back to 1)

YuginKadoya

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Quote from: chaser15 on October 16, 2015, 06:37:33 AM

Actually if I will make a summary of all my gambling earnings since the day I gamble, I have no earnings produced. I win sometimes even with a high amount but that winnings just cover all the previous losses. So overall gambling didn't make me earn a bit.

I think chaser here is a set example to not think that you will earn in gambling that is the best way to stop you addiction with gambling and make a living for example mining and other stuff that will earn great amount of BTC a lot is in here in bitcointalk forum. Grin

zimmah

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Quote from: tennozer on October 15, 2015, 10:05:33 AM

Quote from: darkangel11 on October 15, 2015, 10:02:26 AM

You guys are funny. If you had infinite supply why would you even worry about making a living or thinking about multiplying your money? Infinite is infinite!

On the other hand, you are totally right. If I have infinity supply why am I try to gamble? I just only spend all my time with funny things which I like.

you should gamble for fun, not for profit.

the only way you can make money with gambling long term is if it's a skill game like poker, and even than there's risk involved.

if it's just dice or slots or any other form of gambling where skill is not a factor (anything where you play against the house) you can always expect to lose.

Topic: How much can you earn with gambling? - page 146. (Read 144975 times)