It is funny how gamblers would spend tireless hours discovering and creating strategies, tweaking it a little bit once in a while, to hopefully edge out the house. Gambling has been around since the first human civilization has started and I guess the primary reason why it persists until now is that it is fun. But the second reason is more interesting-- because it is always offered. And why? Because there's always certain profit for the house.
The gambling industry is growing, why? because there are a lot of gamblers who are willing to have fun and to spend their money.
Whether we like it or not, the sad reality when it comes to profitability is very low on the gambler's part is very low, that's why we keep losing and they keep enjoying a profitable business.
Most of the gamblers are bias, we did not look on our chances, instead we only look on the possibility that we can win although that possibility is not 50/50.
We tend to believe that we have skills although we are not really doing well, but it's alright as everyone has different understanding in gambling, what only matters if we will all be responsible not to lose more than we cannot afford to lose.
I hope the majority of the gamblers are really having fun burning money away. Otherwise, gambling is going to be a very sad story.
If we talk of profitability, the equation is characterized with huge disparity. And it always favors the house, except those very few who ended up luckier than others. Although in the long run, if these winners will continue gambling, the house will always win.
There is no 50/50 actually. I only encountered in some threads a dice site or two which has no house edge. But where is it now? I guess they are already dead. On the other hand, the remaining ones such as Primedice, Windice, and others have made great profits out of it.
But so far, strategy creation, is adding up to the fun in gambling. You know, it always feels great to try to beat the Goliath.
Dice is not a good example if we are talking about strategy because there is no strategy that would consistently work with dice game, it's a luck based game with house edge, and no matter how small their edge, that's still an advantage for them.
I also heard about a dice that no house edge before, but I don't believe in them since it's impossible to offer that kind of gambling type.
We know their edge is the one that would make them profitable, so why would they take that.
If we talk about strategy, let's focus on skilled based games.
