Topic: How much can you earn with gambling? - page 147. (Read 144975 times)
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.
Yeah, but if you do get lucky, you'll have to run with it, and not touch gambling again, as every game with a house edge will make you lose eventually. It's risky to keep playing any game with a house edge; if you want to make a living you'll have to play a game with no house edge.
I am pretty sure all casino base gambling game has an house edge, sports betting doesn't have an house edge
but I think OP is preferring casino only gambling, that is why you can't make a living out of gambling!
cant predict how much I can earn from gambling. very little win and too much lost some this week 
yeah basicaly no one can.. unless you got some super power to read the future i didnt know about.
people are blinding in general.
Agreed that no one can predict the exact earning from gambling but we can predict that how much you can loose. Basically you can loose everything you have in gambling if you are addicted towards gambling. Its impossible to predict the winning amount as no one can look into the future, but if you have some lucky day then you can double your money.
Yeah, but if you do get lucky, you'll have to run with it, and not touch gambling again, as every game with a house edge will make you lose eventually. It's risky to keep playing any game with a house edge; if you want to make a living you'll have to play a game with no house edge.
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.
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?
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 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!
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.
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.
You do not need have infinite supply, because you will not loose in your every try. You can win and these winnings can be more than your looses. But firstly you need a supply and if its amounts is depending how you will bet and how you want to live. In a small house with only simple living neccesities or in a huge house with all funny world things.
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.
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.
What do you think about a strategy that is simple like this:
I play 10 (or any number, but have to stick to it every day as a max.) times with the dice every day, maximum. If I win, I'll quit for that day.
If I don't win, I don't care, I won't play more than 10.
Does this help to minimize risk in the way that I can't get into a loosing loop, only fot the maximum 10/day?
Or it doesn't matter on the long run?
I play 10 (or any number, but have to stick to it every day as a max.) times with the dice every day, maximum. If I win, I'll quit for that day.
If I don't win, I don't care, I won't play more than 10.
Does this help to minimize risk in the way that I can't get into a loosing loop, only fot the maximum 10/day?
Or it doesn't matter on the long run?
That is a great gambling strategy, I mean I guess it always depends how much you are betting on those 10 bets. It is the best thing to do, set rules, follow them strictly and have some fun with it. Don't try and push too hard to win
I dont think that is a strategy, because that is only make your loss bigger but slowly, I never did that because it will just wasting time, better if you set your on goal like 0.1 per day or something like that so you will try win at least half of them
This is what I wanted to avoid, to set a goal, and to force myself to push harder to achive it.
Is it true that the longer I play, the more the I can lose because of the house edge?
Yes is absolutely true. All the gamble games are as a setup the wining from the casino or the online gamble site. Otherwise their business would have not sense to exist.
What do you think about a strategy that is simple like this:
I play 10 (or any number, but have to stick to it every day as a max.) times with the dice every day, maximum. If I win, I'll quit for that day.
If I don't win, I don't care, I won't play more than 10.
Does this help to minimize risk in the way that I can't get into a loosing loop, only fot the maximum 10/day?
Or it doesn't matter on the long run?
I play 10 (or any number, but have to stick to it every day as a max.) times with the dice every day, maximum. If I win, I'll quit for that day.
If I don't win, I don't care, I won't play more than 10.
Does this help to minimize risk in the way that I can't get into a loosing loop, only fot the maximum 10/day?
Or it doesn't matter on the long run?
That is a great gambling strategy, I mean I guess it always depends how much you are betting on those 10 bets. It is the best thing to do, set rules, follow them strictly and have some fun with it. Don't try and push too hard to win
I dont think that is a strategy, because that is only make your loss bigger but slowly, I never did that because it will just wasting time, better if you set your on goal like 0.1 per day or something like that so you will try win at least half of them
This is what I wanted to avoid, to set a goal, and to force myself to push harder to achive it.
Is it true that the longer I play, the more the I can lose because of the house edge?
cant predict how much I can earn from gambling. very little win and too much lost some this week
yeah basicaly no one can.. unless you got some super power to read the future i didnt know about.
people are blinding in general.
Agreed that no one can predict the exact earning from gambling but we can predict that how much you can loose. Basically you can loose everything you have in gambling if you are addicted towards gambling. Its impossible to predict the winning amount as no one can look into the future, but if you have some lucky day then you can double your money.
-snip-
Also, there is something called Kelly formula https://en.wikipedia.org/wiki/Kelly_formula, which tells you how much you should risk in each bet when the bets are favourable (+EV) to you. But when the bets are unfavourable (-EV) to you, it tells you not to make the bet.
Also, there is something called Kelly formula https://en.wikipedia.org/wiki/Kelly_formula, which tells you how much you should risk in each bet when the bets are favourable (+EV) to you. But when the bets are unfavourable (-EV) to you, it tells you not to make the bet.
Your link about kelly formula is awesome, maybe we can learn good strategy from it, if we wanna be +EV, mastering math is a necessary thing. But I think every bet is independent, how to choose when to bet big, when to bet small?
Yes every bet is independent and so Kelly formula does not tell you to change your bet size based on your previous rolls, unlike in progressive strategies like martingale. Your bet size (as % of your total bankroll) should stay the same as long as the win chance and multiplier are unchanged.
This stragegy is better because if there is a large losing streak, you won't get taken out like in martingale however since there is still a house edge you can lose.
Hmm it seems you have misunderstood it. If you follow the Kelly formula, you would never ever bet in those dice, roulette, BJ or any games with a positive house edge, as all those bets give you a negative EV. Instead you would only be on the other side of the bet, either be the site owner or be a bankroll investor.
regardless of whateever forumla, one should approve a proven mistake repeated by others.
if the mass are losing, it means no one should really follow..
No one can predict this, it's all about luck and how much risk you wanna take. Although betting on football and cricket matches you can use statistics to reduce the risk and watch out for highest probabilities and that's pretty much it. I would advice that if you are gambling then just play for fun and don't addicted towards gambling otherwise it will wreck your life.
the most I made with gambling alone was prob $100.
And that was at a real table casino playing roulette just happened to not land on 1 row line. But I dont see sports being any different either.
cant predict how much I can earn from gambling. very little win and too much lost some this week
yeah we are in the same boat this week. i lost more that i earned this week too
it is hard to predict the amount you can make from gambling. it is a game of chance after all. sometimes you win and earn some and sometimes you lose the previous day's profit in one bad luck bet.
cant predict how much I can earn from gambling. very little win and too much lost some this week
yeah basicaly no one can.. unless you got some super power to read the future i didnt know about.
people are blinding in general.
You wanna earn with gambling?
I Got A Tip.
DON'T GAMBLE. GAMBLING SUCKS AND YOU WILL LOSE SOONER OR LATER.
I Got A Tip.
DON'T GAMBLE. GAMBLING SUCKS AND YOU WILL LOSE SOONER OR LATER.
Easier said, then being done.
Some people cant do this since they have addictive personalities or just lack of self control. Or theres people around them who promote gambling alone by going to vegas all the time.
in my signature - doubler with minimum only 0.001 BTC.
Website v1.1 coming very soon!
this is not gambling ? maybe like a ponziWebsite v1.1 coming very soon!
the site was error dude
I just earn back all of my money may be around 12 btc back with only a little profit. I want to gamble again but I still confuse want to do it or not 
Enjoy that which you won and leave gambling. It is the best way to have a little satisfy from that you have made. Otherwise you will hate for sure one day it. If you will try to gamble again you will lose all those. The probability to win again are very few. The luck will be not always by your side.
Or he can gamble with what he can afford to lose, not essentially the whole amount won but some bitcoins, indeed it's a story of luck, but there is a chance to win something also , so he can try his luck
He had his luck with bitcoin earned. If he will continue to gamble again he will spent all the money because he will lose for sure that amount you suggest to try and will want to have again that. In this way few after few he will lose all his money: the profit and his money. With gambling there is only one end. The loss of ALL the money.
He should not gamble at all. And not only him but even you which give such advices.
Only if you are an owner of this kind of businesses (and only in this case) your suggestion make sense: you need players and suggest the others to play.
well, u cant say totally off limits to all players. there is people who success in gambling, just that it is super rare. they know how to take the right risk at the right time. they may experience times and times of chances where they will be dead but they pulled it off.
Sorry but I cannot understand this. And for more, accept it. How is possible to know something in gambling? Gambling is only and totally luck. Maybe 1% of reasoning (go to one machine which don't give money for a long time and hope that it will be you to have the chance of the wining) but this cannot be named as knowledge. Only hope for luck.
No one can predict this, it's all about luck and how much risk you wanna take.
Although betting on football and cricket matches you can use statistics to reduce the risk and watch out for highest probabilities and that's pretty much it.
I would advice that if you are gambling then just play for fun and don't addicted towards gambling otherwise it will crushing your life.
I see, it somehow reminds me of networking and it's very similar to ponzi scheme(maybe it is). Anyways were getting off topic 
Just stay away from that doubler by lavacake, it's a potential scam
Just stay away from that doubler by lavacake, it's a potential scamOK sir, thanks for the advice! I will keep that in mind!
And about earning in gambling? I never think about earning in gambling because I don't think I will win in the long run, just a small amount will do,
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