Increasingly difficult to make a profit from gambling. whether the cause?

Ziskinberg

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Quote from: FrueGreads on December 07, 2016, 05:45:43 PM

Quote from: adi33 on November 28, 2016, 03:05:43 AM

I used to get in profit or gain from the bitcoin gambling easily even able to purchase goods each month. but different from the longer to get profit from gambling more difficult. if more and more people are gambling and the higher price of bitcoin cause ?. I would like to hear your opinion

Well, depending on the type of gambling you are doing, like casino, dice etc, vs poker, sportsbetting, etc, I would say that the longer you play on that first type, the more likely you will lose. Maybe that's what happened to you. You are suppose to lose in the long run, so that was variance "catching up" I guess.

That's how gambling works, regardless of the game we play in the long run our chances lowered and we lose money, maybe due to frustration that we cannot still get the winning rate that we wanted and we diverse our technique to the other way which is a shortcut and we no that our only chance to win is to win in the long run then we will be successful. The more we get frustrated the more we are distracted.

FrueGreads

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Quote from: adi33 on November 28, 2016, 03:05:43 AM

I used to get in profit or gain from the bitcoin gambling easily even able to purchase goods each month. but different from the longer to get profit from gambling more difficult. if more and more people are gambling and the higher price of bitcoin cause ?. I would like to hear your opinion

Well, depending on the type of gambling you are doing, like casino, dice etc, vs poker, sportsbetting, etc, I would say that the longer you play on that first type, the more likely you will lose. Maybe that's what happened to you. You are suppose to lose in the long run, so that was variance "catching up" I guess.

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Quote from: electronicfactura on December 06, 2016, 11:40:29 AM

It was always difficult to make profit when you are playing some gambling game for these purposes. The causes you mentioned have nothing to do with difficulties as more people do gamble or less that will not increase you winning chances. Take gambling as it is the most unsure way of getting something back after putting at stake is called gambling.

Yes, there is no assurance that we will make winnings in gambling but I don't know if there is an increasing difficulty to make winnings with it. Because since then, it is already hard to make some decent winnings with gambling. And it is much better to to called it as winnings because profit is used for investments.

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Quote from: adi33 on November 28, 2016, 03:05:43 AM

I used to get in profit or gain from the bitcoin gambling easily even able to purchase goods each month. but different from the longer to get profit from gambling more difficult. if more and more people are gambling and the higher price of bitcoin cause ?. I would like to hear your opinion

Better you search for a job than wasting time gain your profit through gambling, since it designed as game, it's just for fun, luck is the most decisive which you can create your own luck.

More people gambling is not just bitcoin price higher, but the features of gambling itself, nowadays a lot innovative features appeared especially online gambling and when it's combined with bitcoin, people easily deposit/withdrawal their money without complicated providing an identity, also become more easy to use.

electronicfactura

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It was always difficult to make profit when you are playing some gambling game for these purposes. The causes you mentioned have nothing to do with difficulties as more people do gamble or less that will not increase you winning chances. Take gambling as it is the most unsure way of getting something back after putting at stake is called gambling.

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Quote from: adi33 on November 28, 2016, 03:05:43 AM

I used to get in profit or gain from the bitcoin gambling easily even able to purchase goods each month. but different from the longer to get profit from gambling more difficult. if more and more people are gambling and the higher price of bitcoin cause ?. I would like to hear your opinion

What are you even trying to say ? You gambled monthly and made profits and now you don't understand why you can't do that anymore ? Are you seriously asking that ?

That is how gambling works. This is a very basic idea and you should already know this, I think you should stop gambling since you going to crash and burn with that sort of logic you are using. The price of bitcoin has nothing to do with how much people gamble.

babyjesusftw1

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It's probably just variance, dude. Sometimes you get on a hot streak, and sometimes the hot streak can last a while. Eventually, though, variance will catch up with you and you'll just end up losing a lot more. Consistently profiting is not sustainable, you're just regressing back to the mean is all. This happens to every gambler, don't worry.

ethereumhunter

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i think its normal when we thinking that now its really difficult to increase our profit in gambling because the house will make a new step to prevent getting loss and then bankrupt. beside that, we can not beat the house no matter we've tried and its not just for the bitcoin price which is increase but is because the house make something that will make the house still win all the money from the gamblers. so if you want to increase your chance to make profit from gambling, then maybe you can trying with sports betting because i know there is many people got their winning in that games.

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Quote from: vindicare on December 01, 2016, 02:24:08 PM

It's just that it's not your time to win or your attitude toward winning decline , you must revise your strategy to win and make a thorough research. Not to offend others but putting all your gambling money to dice game will definitely not make you money in the long run. Maybe switch to another game try your luck and learn from your mistakes.

Unless if you just invest in dice game and i think you can make good profit.. like in betking.. im not yet tested it to invest in betking but it is old gambling site that has investing feature and many reviews that you can actually making good profit we know it is risky but we are seen that many people are making good profit in investing there..

If you are just a gamblers and playing dice provably you will lose if you are gamble as greedy..

vindicare

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It's just that it's not your time to win or your attitude toward winning decline , you must revise your strategy to win and make a thorough research. Not to offend others but putting all your gambling money to dice game will definitely not make you money in the long run. Maybe switch to another game try your luck and learn from your mistakes.

bestbettor

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I think this is because bookmakers are finding more ways to spin off the customers who win.

victoryboy

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Actually it was never easy to get profit from gambling it was working well for you which assured you that gambling is easy way to get profit. I never had such unstable results in sports getting as last couple of days results showed me. Gambling is all about chances and luck and doesn't give easy money on long term. This is reality pf gambling through what you are going on now.

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Quote from: chixka000 on November 28, 2016, 10:16:38 AM

Quote from: Oinas on November 28, 2016, 03:07:36 AM

Gambling ≠ Profit

I would take credit to this user lol. Short yet precise, you can easily understand that gambling doesn't meant for profit in the first place. Unless you were the gambling site owner but in fact it is made to entertain people.

I think depends on who he is referring to. It is short yes, precise no, because owner of Casino can say "Gambling = Profit". Sorry but it was stated as general and applies to all, players, readers and Casino owners.

Quote from: mobnepal on December 01, 2016, 08:34:41 AM

Nothing have changed other than there are many bitcoin gambling sites/games you can choose from. Also luck used to matter and still matter much rather than any other thing for your winning.

Gambling = House always wins, so don't take this as way to earn monthly salary.

That is what I am saying regarding the post about gambling is not profit Cheesy

. But to be fair, gambling house does not win all the time. There is a thread here where the investment in certain Casino sites gives negative ROI, this means the house is losing. if not then there is something fishy about it lol.

Junko

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Yep, variance can be a real bitch ~~sometimes~~ a lot of the time. Exercising proper bankroll management for the games and stakes you play will help you survive the bad variance swings.

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Quote from: mobnepal on December 01, 2016, 08:34:41 AM

Nothing have changed other than there are many bitcoin gambling sites/games you can choose from. Also luck used to matter and still matter much rather than any other thing for your winning.

Gambling = House always wins, so don't take this as way to earn monthly salary.

its really true and we are only get loss in long term, is not because we don't make high bet but no matter we make a bet, finally we only ge loss but its not for all gamblers, because if someone have big luck, then that person can win the big money too. beside we must having a good chance for luck, we can not win the games.

mobnepal

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Nothing have changed other than there are many bitcoin gambling sites/games you can choose from. Also luck used to matter and still matter much rather than any other thing for your winning.

Gambling = House always wins, so don't take this as way to earn monthly salary.

tiggytomb

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If you made consistent profit with gambling I take my hat off to you, this is not something that many can achieve myself included at most manage only a few wins and then ultimately revert back to a losing streak, I think greed has a lot to do with falling off a winning streak.

BTCLovingDude

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Quote from: adi33 on November 28, 2016, 03:05:43 AM

I used to get in profit or gain from the bitcoin gambling easily even able to purchase goods each month. but different from the longer to get profit from gambling more difficult. if more and more people are gambling and the higher price of bitcoin cause ?. I would like to hear your opinion

i think this is what most gamblers experience and it is called beginners luck. you win and have a good time when you are new to gambling and make profit but after a while you feel like you are losing more than ever. but in fact nothing has changed.

when you gamble for long time the fun fades away so what you see is only losses. but in fact if you keep a record of all your wins and losses you can see that the percentage showing your luck is still the same.

molsewid

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whatever difficulty is thats its the same gambling and we all know that gambling is hard to make profit from it because luck is always low when it comes on long run and im gambling also and if i play long run with it it makes me lose 18 streaks in dice and thats the worst thing that happened on me.

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Quote from: novemberwoah on December 01, 2016, 02:24:01 AM

It's hard to make a profit in gambling I think it's a natural thing. Since it is impossible someone could always get profit in gambling, although it could if lucky but I do not think continuously. If I allowed to give you suggestion, you should change your perspective. Gambling is just a game that could not be used to get profit continuously.
If I allowed to know, what games do you play in gambling?

Yes, no matter what increase is with the difficulty in gambling forever it is hard to make a profit with it unless it is already your life then that's fine.

The only way to get profit with gambling is to be consistent with your gambling activity whether you are losing with it but you still stick with it.

And with your question, I usually play dice and sports betting and if I have sometime enough, I play poker.

Topic: Increasingly difficult to make a profit from gambling. whether the cause? (Read 823 times)