Topic: How much profit have you made from Gambling? (Read 1898 times)

So you have deep knowledge in soccer games. You need to understand a lot about the sports to win these bets.

Sorry for your losses. Most of the people are losing what they have earned before to that. This is because once they have seen some profit from the gambling they started to bet double the amount what they have put initially. You should not change the bet amount until you get to some big amount of profits.

Sorry i'm not familiar with Dota2 what is that?  Good to hear that you have made some money though.

Yes lead you in big losses no profit at all.

In bitcoin, I have only made 0.1 in total from free rolls. In Dota2 item gambling, I've made a few thousands from a $50 investment. I've included dota2 gambling since it also includes risking something that has value like bitcoin.

gambling only leads me into big losses and no profit

my profit is less than i have lost but since i'm doing a sport betting my profit is more better and
almost every week i always earn a profit from there and for the amount i never calculate it

That's a gorgeous NE graph! Keep it going!

I made good gains at betting on soccer games. I usually do not use gambling sites like slots or dice games because such algorithms could be easily manipulated, so I set my BTC only on betting sites.

I have made more than 3 btc from gambling but at the same time i have lost around 2 btc in the process of gambling. Now I have decided to stay away from gambling as I have realized that in the long run I will loose more money and I can not afford to loose the money so its better to maintain the distance.

I also think so. Gambling is just a way to pass time.If you win, you are happy. If you lose, you did something interesting.

here is my sharkscope graph , it only involves game played on the Winning Poker Network
there is also some winning from bitcoin sites such as Betcoin , SWC and luckyflop ... etc

Well said. A lot of gamblers do not understand gambling is a zero sum game, with the house always on the advantageous side and gamblers on the disadvantageous side. It doesn't mean gamblers will always lose, but they are likely to lose and should expect to lose.

It's all part of the learning curve that all poker players go through. But now that you realize why, you also now know it is possible to improve your skills like others have done.

As far as bankrolling or staking someone else, it is a very common practice in poker. But you have to know what you're doing if you stake someone else. If you stake the wrong person, they could be scamming you and you will end up getting "rolled" - when the person you stake/bankroll wins, but doesn't pay you back according to the terms of the staking deal.

Personally, I don't get involved in the staking/being staked game. My number one rule in poker/gambling is never borrow or lend money and never stake or get staked. I like to keep things simple and as stress-free as possible when I play. Worrying about paying someone back or someone paying me back is just annoying and I know it would affect my game - for me, at least. I know other people who do it all the time and have no problems. I just prefer to play within my bankroll.

Honestly it's best when you are playing for your own pleasure. So if you win its a plus, but when you loose it's not devistating.

Once you start playing you start betting more then you can afford, you end up down, 180 BTC like me lol.

But i'm still waiting to see if anyone out there is in the inverse situation, and is up 180 BTC or in that range.

Nothing! I am down 0.5 BTCs altogether. Yes, one time I was up but then I become greedy and lost it all. I should probably stop gambling altogether but I just can't resist, especially when there is Euroleague basketball, so that means every Thursday and Friday.

What can I say, I am just playing for my own pleasure.

I have won 1 btc from NitrogenSports Dice, won over 1 btc from some MP apps, won some and lost some small amounts on a few other sites like LB, PD and Safedice, and lost some on sports betting. My net profit up to this point should probably be a few bitcoin.

Nice win, but over the span of your gambling life span, are you profitable?

Generally i play only in slot machine with jackpot (but in gambling in euro and not in bitcoin) .
The maximum i have won is x1250, with a "gonzo quest" slot, i have won 10 freeroll and in freeroll i have won 1250 coin (every coin are 0,2 euro)

junko , what a great explanation, it makes me realize why I loose when I play poker, lol

But it does make me think that I might have better luck bankrolling someone for a percentage.

I'm assuming that people do that sometimes right?

(Sorry didn't want to re quote the whole post)

If you ask me, my biggest win was 0.015 on Primedice. I never gamble with big amounts, only with that I can afford to lose. My overall profit is minus 0.1 approximately. Not so bad. I think I'm a lucky gambler, if I lost only 0.1 from more than a year of gambling. )

Thanks, man. Just wanted to help show long term profit is possible.


Thank you. To your question of how I think my win rate would change if I were playing high stakes rather than micro-stakes, well, if I were to go from micro-stakes to high stakes right now, today and assuming I had the bankroll for it, I would guess that my win rate would be abysmal, as in some negative number: -XXX.x bb/100. No joke. lol

Note, that there are stake levels between micro stakes and high stakes: Nose bleeds > High stakes > Mid stakes > Low stakes > Micro stakes And within each stakes there are four or more level increments. Going from micro straight to high stakes is a huge jump.

Yes, it's the same game regardless of stakes in terms of mechanics. But it is nowhere near the same game as far as level of play and opponent skill, generally speaking. At higher stakes you will still see recreational players, but mostly you will find higher skilled/more experienced ones. At higher stakes you see more aggressive, sophisticated and adaptive playing styles.

So yes, the players who play at higher stakes, in general, are that much better. They study the game continuously, they know the maths and odds of each type of poker situation, they study their own past hands to fix their weaknesses and study opponents hands so as to exploit their weaknesses.

My win rate of 10.4 bb/100 over 60k+ hands indicates that I should move up in stakes where my win rate will be expected to decrease, but the amount of money I earn (compared to the micros) will be higher.


Thank you. To answer your question, as far as I know, the only btc poker room that HEM2 (Hold'em Manager 2) works for is betcoin.ag poker, which is what I am using it on. I don't think it works on swc poker (someone correct me if I'm wrong) and I don't know about the other btc poker sites since I've never tried them.

The old HM is no longer supported and not sure if HM works for any btc poker rooms. But HEM2 does.

Thanks for the kind words.

Hold'em Manager 2 : http://www.holdemmanager.com/buy/211/holdem-manager-2

It costs $99.99 US for the pro version which works for all stakes levels. They do accept bitcoin for payment. There is also a smaller stakes version for cheaper, but you will only be able to use it for the smaller stakes. They also have a version for Omaha.

If you want to try it out first before you buy it, they have a 30 day free trial version which you can download from their site.

But before you decide to buy or try it, make sure that the site you play poker on supports it. (The only btc site that I know it works on is betcoin.ag) You can check on HEM2's website and forum which poker sites support it. See link above. It has more features to it than just charting your wins/losses that will help you improve your game which are all explained on their website.

It may seem to cost a lot, but it is more than worth it. It pretty much pays for itself and if you plan on long term profits, it's essential.

To download, you just click the download button. There may be a few tweaks you need to make on installation in order to get it to work, but they have all that covered in their troubleshooting support. I'm no HEM2 tech expert, but if you still need help with it, I'd be happy to. Just send me a PM.

Hope that helps. Good Luck!

Not sure what this means? So how much have you made gambling? Or was this just a plug for those sites lol

It would be nice if you really win that money. 
Do not just try playin dice on one site, you can crypto-games.net instead just play on dadice, primedice, satoshidice etc.

Haha so you rarely gamble,
do you never gets profit in gambling? so you rarely play in there ?

I think I read somewhere that winning at a casino your best bet would be to go with poker or sportbets... But I'm not sure of the source.

i thought i lose about 2btc is consider quite bad. so sorry to hear that you lose more than me. anyway, just treat it as a painful lesson. overall it is digital.

To be honest i have made around 2btc in primedice i am happy that i went on playing two high bets of 1btc and won both of them  

It's a beautiful chart. Start from 50 mBtc and now you're on 800 mBtc.
I never track my poker game with these 'chart software'.

How can i get it? HEM2, i will try to search it on google.
And i would be appreciate if you can give me know how to download it.

i gamble my money really rarely and i usually dont make any bitcoins out of it i only end up loosing nearly everything

180 BTC? W.o.w

You are really need some therapy now.
Unfortunately i also got loss on gamble, i got quite bit profit on the first time, but when i start to play serious on gamble. Boom.. i loss a lot.

Now, i already retire from gamble with big bet. I cannot get all my losses money back with that tecniques.
I just play for loss now. I always think gambling is "pay for entertainment" game.

Almost loss 10 BTC.
Crapp

That looks like a very good progress. By the way I'm curious, does HM works on btc poker rooms?
I used it a long time ago, but usualy it only worked in the well know poker rooms.

As for profit, I have some im poker and sportsbetting, but all made outside the btc world, since I only made the "shift" recently.

Do you post these picks?

I have made more than 1.5 BTC through sports betting as I found sports betting is safe as I have very good knowledge of sports so that I can predict the result. To avoid the losses we can also place cross bet on live matches, because of this Sports betting is profitable for me.

Lottery is a form of gambling, and you only little bit chance to win, your be lucky if your number drawn of the jackpot and will cover all your losses and have a profit.

Really good people will make profit on poker or sport betting. In other gambling games such as dice, roulette, etc. the only real way to make money is to place a big bet, win it and walk away. There might be someone that was lucky enough to profit in the long term but it's such a rare event that i doubt it even happened. I personally probably lost more than won in dice and in total really. Only a few people can really make profit on this, apart from the casinos of course.

for consistent profit in gambling you need to have guts to take risks.
i do take risks in sports betting and i loss more then win but still i am in profit because my winning is almost big enough to cover my losses

If you count lottery as a form of gambling, I lost 0.xx bitcoins. I have stopped playing lottery and deal with bitcoin now. Hope it will recover my losses.

Sorry I did't I notices that not  you win.. If I know the user I will ask her.

lol I'm not the lucky one, far from it, you'd have to ask the user that won.

Your so lucky, and much luckier now because the prize of btc in increasing.
But I want to ask how much your capital for playing video casino?

Wow that win is epic, i haven't won big in a single bet but my overall win is around .5 BTC.

Someone just won 308.96BTC at Bitcoin Video Casino , Thats Amazing! Now i wonder if they are in the Green, So insanely  jealous.

right now I am up by about 0.0005. It's not much but I only like to do microstakes for the time being.

Thats Great, that you are still in the Green! How much do you think your win rate would change if you were playing high stakes rather then micro stakes? Its still the same game regardless of stakes right? So is it because the players you are up against get that much better? Or are there other factors?

great graph bro , your win rate is really amazing . I don't play cash games but many good players say that 5bb/100 hand is a great win rate so you are killing it mate
hopefully we see more graphs here from other members , cause if you noticed there are many people here think that poker is a pure luck game

Here is my win line so far playing micro-stakes cash games poker on Betcoin.ag since February of this year.

Over 60 thousand+ hands I have a win rate of 10.4 bb/100 (big blinds per 100 hands)

Note that the money figures are actually mbtc, not "$". The poker tracking software I use (HEM2) doesn't recognize btc or mbtc so just assigns "$" to the units. So my net winnings so far are 761.14 mbtc or 0.76114 btc over 60K+ hands, not including my deposit bonus, rakeback or freeroll winnings. When you add those in, it bumps up my total earnings to just over 1.1 btc. I'm nowhere near baller status like some other players on the site, but hey, it's profit. And I'll be moving up to higher stakes soon where my win rate will be expected to go down, but the amount I earn will go up (hopefully).

Prior to starting playing full time on Betcoin.ag I played on seals before they changed to swc. HEM2 isn't supported by swc so I don't have any stats to show from my time there, but I estimate I made somewhere between 3-4 btc also playing microstakes poker over a few hundred thousand hands.

Do you mind giving a range? What i'm wondering is if I can be in the whole 180 BTC are their people 180 BTC in the Green?   

I have made good profit from gambling .. but at the same time i have lost many too ... so considerably good profit .. Not like it has made me rich

I think there should be already one thread on same or similar topic. Yes most regular gamblers can't make profits regularly and most likely they may lose at the end so if any one win a jackpot in gambling then they should put that money in some other less risky investments than they can be happy otherwise they amy lose all their jackpot money in gambling again

I can find a lot of people who have lost a lot of money gambling, people who have hit big jackpots, but I haven't heard of people who gamble regular and are profiting? They must exist right? I'm hoping some of those people can post.  I just want to know that those people exist.

I personally have hits some Jackpots, I posted them here www.MoBtcs.com , but overall i'm down, currently about 180 BTC over the past year