Bitcoin Forum

Are you guys gambling for excitement or profit? I am very curious about the motivation because almost everybody knows that most gamblers lose money, but many of them still gamble.

Another thing that I feel very strange is that many people think trading stocks/options is just the same as gambling. The funny thing is that even my parter also believes so, and it's very difficult for me to convince him that the two are very different.

I stopped gambling but when i did it was for profit, luckily i realized that its a waste of time so i stopped

So you are quite a rational man.  :)

It's alos fun...if you gamble with some specific budget and can stop whenever you want.
 ::)

Also you can gamble 'professionally'...for example for reviewing purposes...
 ;)

I know some casino games can be beaten by using some probability analysis. But that's just too difficult, and if you can consistently make money with that, you are probably smart enough to make money in the financial market as well.

do you mean sportsbook maybe, casino cant play use analysis.

Yah, casino doesn't allow players to do any analysis. But some really smart guys just can fly under the radar.

I'm not gambling very often but when I do, I'm doing it only for fun.

gambling is good for the heart and i do it for profit and fun.

Of course its bitcoin.

Getting more bitcoin and having fun.

Yes, I do agree with you.
But every people has different attitude.

For me gambling is just for fun, so I never bet with a huge amount  :P


I think Gamble & trading are different !

Gamble,
your luck is depend on your seed or secret key against the house

Trading,
your luck is depend on how much transaction that will affect the price.
If you buy cheap sell high, you gain profit.
The hardest part is the price are unpredictable

Well its for excitement and profit. Everytime, I gamble I am excited, that I will win some money today :) But the end result is mostly different.

For fun only, no profit in gambling... I only use some spare change from time to time to gamble :)

It's definitely for the fun of it.

I used to work as a BlackJack dealer and while there was a consistent flow of people you would see on a daily/weekly basis (read - there to make money) most of the people there are there for the excitement of it.

I imagine that it is probably different for BTC gamblers and to be honest I have only tried a couple of games myself.  Losing a little bit of BTC, for me, is much worse than dropping $200 on a night of BlackJack.

I am always gambling for fun with just my spare money, but ofc winning is better than losing.

the few times i've played, i did it for profit. Yes, it's fun and exciting, but if you don't look at the profit you could risk too much money

If you are gambling for profit you are making a mistake because you are engaging in a negative expected value activity.  This is not to say some people don't gamble and win, many obviously do, but you can't rationally expect to.

I like to gamble but hate engaging in negative EV activity.  This is why I like bitcoin so much, it allows me to gamble literally microscopic amounts of money.  So I get the fun of gambling without it really costing me anything.  It's just one step above playing with play money, but it's not play money.

This is also why I like sites that allow investment like Just-Dice did.  You get the excitement of gambling - "gamble on every roll!" - but WITH math working for you rather than against you.  Of course, you are also making a tacit side bet on the integrity of the site operator.....

Good Luck!

i agree with you , i am also stop now.

The only motivation that I can give is that I love Bitcoin. :)

Gambling for entertainment is the only reason anyone should gamble. Gambling for profit can work in short bursts but it will never be sustainable.

actually, I have realised that it is because of the excitement of winning
it is a strong feeling

That feeling can turn to an even stronger negative feeling in a heart beat. I play around with sites that have faucets and it is fun but I get too emotional to put in any real amount of bitcoin.