Can gambling be profitable in long term ?

[newcripto]

Sports betting is where you can make profit in long term.If you know what are you placing on there are many chances to win most of the times.It is my view and I don't recommend anyone to try this.

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[jangloos]

I do agree that gambling can be profitable in sports games.One way or other way you always ends at zero.Your betting amounts keep increasing with the ratio of your winning bets so sometime you place all your profit and finish it in negative balance.This is gambling in long and short.

[erwin45hacked]

Gambling does not equal spewing your money @dice and roulette.

Can it be profitable long term? Sure.

Lets say you flip a coin with your friend, and every time he wins - you pay him 1$, but if you win - he pays you 1$ and 10 cents. Does that qualify as gambling? Yes - there is a a) wager with a something of value 2) even with the uncertain outcome 3) prize

Why will it be profitable for you longterm in that example? Because odds are on your side.

So yes, certain types of gambling can be profitable longterm

Yes you can if the house edge is positive but your example doesnt exist in the world of gambling, house always have the edge on them to make sure you dont win in long term. In flip a coin game, each time you win you get 0.98 $ back and each time you lose you pay 1 % so in long run you will keep losing

It does exist in the real world: pocket AA against pocket KK...cha-ching, baby, the sound of money!  There are plenty of occasions where one might find themselves in a situation where they have the odds in their favor.  They just have to learn the math and be able to recognize the opportunity.  Avoid playing when your EV is negative and get it in good when your EV is positive....that's all.  Dice has a negative EV because of the house edge, enough said.

You need to read more before you post up bullshit here, clearly you dont understand what you are talking about that is why you are making nonsense post here. Every gambling has negative expected value if you are playing at the house and not player to player game , not just dice

You are absolutely correct.  When one bets against the house edge, they are playing with a negative expected value....always.  I wouldn't recommend playing against the house for long because the house will always win in the long run.  My example above was a poker example which some people still believe is a game of chance and not a game of skill.  Some people even think that poker is a form of gambling...lol!

so poker is not gambling?

You are not reading what I mean exactly, poker is player to player game so there is no house edge needed there just the house take some rake from the player but in the other casino games there is always a house edge so you are playing negative expected value , that is why you will lose

[Blithe]

Sports betting is where you can make profit in long term.If you know what are you placing on there are many chances to win most of the times.It is my view and I don't recommend anyone to try this.

I don't think any kind of gambling to be profitable in the long run. I prefer investments that can be predicted.

[cjmoles]

Gambling does not equal spewing your money @dice and roulette.

Can it be profitable long term? Sure.

Lets say you flip a coin with your friend, and every time he wins - you pay him 1$, but if you win - he pays you 1$ and 10 cents. Does that qualify as gambling? Yes - there is a a) wager with a something of value 2) even with the uncertain outcome 3) prize

Why will it be profitable for you longterm in that example? Because odds are on your side.

So yes, certain types of gambling can be profitable longterm

Yes you can if the house edge is positive but your example doesnt exist in the world of gambling, house always have the edge on them to make sure you dont win in long term. In flip a coin game, each time you win you get 0.98 $ back and each time you lose you pay 1 % so in long run you will keep losing

It does exist in the real world: pocket AA against pocket KK...cha-ching, baby, the sound of money!  There are plenty of occasions where one might find themselves in a situation where they have the odds in their favor.  They just have to learn the math and be able to recognize the opportunity.  Avoid playing when your EV is negative and get it in good when your EV is positive....that's all.  Dice has a negative EV because of the house edge, enough said.

You need to read more before you post up bullshit here, clearly you dont understand what you are talking about that is why you are making nonsense post here. Every gambling has negative expected value if you are playing at the house and not player to player game , not just dice

You are absolutely correct.  When one bets against the house edge, they are playing with a negative expected value....always.  I wouldn't recommend playing against the house for long because the house will always win in the long run.  My example above was a poker example which some people still believe is a game of chance and not a game of skill.  Some people even think that poker is a form of gambling...lol!

so poker is not gambling?

You are not reading what I mean exactly, poker is player to player game so there is no house edge needed there just the house take some rake from the player but in the other casino games there is always a house edge so you are playing negative expected value , that is why you will lose

I agree with you in regards to the house edge; one will always lose in the long run playing against the house because it is playing with a negative expected value (-EV).  It is not a good idea to play against the house for very long because it cannot be profitable long term.

[mark coins]

Sports betting is where you can make profit in long term.If you know what are you placing on there are many chances to win most of the times.It is my view and I don't recommend anyone to try this.

I don't think any kind of gambling to be profitable in the long run. I prefer investments that can be predicted.

i can only think of poker being profitable in the long run and nothing else. If players always play poker then they probably can be a professinal player and get rich from that and even on tv it shows the best poker players getting rich

[kyrios_]

Gambling does not equal spewing your money @dice and roulette.

Can it be profitable long term? Sure.

Lets say you flip a coin with your friend, and every time he wins - you pay him 1$, but if you win - he pays you 1$ and 10 cents. Does that qualify as gambling? Yes - there is a a) wager with a something of value 2) even with the uncertain outcome 3) prize

Why will it be profitable for you longterm in that example? Because odds are on your side.

So yes, certain types of gambling can be profitable longterm

Yes you can if the house edge is positive but your example doesnt exist in the world of gambling, house always have the edge on them to make sure you dont win in long term. In flip a coin game, each time you win you get 0.98 $ back and each time you lose you pay 1 % so in long run you will keep losing

It does exist in the real world: pocket AA against pocket KK...cha-ching, baby, the sound of money!  There are plenty of occasions where one might find themselves in a situation where they have the odds in their favor.  They just have to learn the math and be able to recognize the opportunity.  Avoid playing when your EV is negative and get it in good when your EV is positive....that's all.  Dice has a negative EV because of the house edge, enough said.

You need to read more before you post up bullshit here, clearly you dont understand what you are talking about that is why you are making nonsense post here. Every gambling has negative expected value if you are playing at the house and not player to player game , not just dice

You are absolutely correct.  When one bets against the house edge, they are playing with a negative expected value....always.  I wouldn't recommend playing against the house for long because the house will always win in the long run.  My example above was a poker example which some people still believe is a game of chance and not a game of skill.  Some people even think that poker is a form of gambling...lol!

so poker is not gambling?

You are not reading what I mean exactly, poker is player to player game so there is no house edge needed there just the house take some rake from the player but in the other casino games there is always a house edge so you are playing negative expected value , that is why you will lose

I was referring to your last statement "some peopkle even think that poker is a form of gambling... lol" This is mocking tone suggests that youre implying that gambling intrinsically is not a form of gambling?

[cjmoles]

Gambling does not equal spewing your money @dice and roulette.

Can it be profitable long term? Sure.

Lets say you flip a coin with your friend, and every time he wins - you pay him 1$, but if you win - he pays you 1$ and 10 cents. Does that qualify as gambling? Yes - there is a a) wager with a something of value 2) even with the uncertain outcome 3) prize

Why will it be profitable for you longterm in that example? Because odds are on your side.

So yes, certain types of gambling can be profitable longterm

Yes you can if the house edge is positive but your example doesnt exist in the world of gambling, house always have the edge on them to make sure you dont win in long term. In flip a coin game, each time you win you get 0.98 $ back and each time you lose you pay 1 % so in long run you will keep losing

It does exist in the real world: pocket AA against pocket KK...cha-ching, baby, the sound of money!  There are plenty of occasions where one might find themselves in a situation where they have the odds in their favor.  They just have to learn the math and be able to recognize the opportunity.  Avoid playing when your EV is negative and get it in good when your EV is positive....that's all.  Dice has a negative EV because of the house edge, enough said.

You need to read more before you post up bullshit here, clearly you dont understand what you are talking about that is why you are making nonsense post here. Every gambling has negative expected value if you are playing at the house and not player to player game , not just dice

You are absolutely correct.  When one bets against the house edge, they are playing with a negative expected value....always.  I wouldn't recommend playing against the house for long because the house will always win in the long run.  My example above was a poker example which some people still believe is a game of chance and not a game of skill.  Some people even think that poker is a form of gambling...lol!

so poker is not gambling?

You are not reading what I mean exactly, poker is player to player game so there is no house edge needed there just the house take some rake from the player but in the other casino games there is always a house edge so you are playing negative expected value , that is why you will lose

I was referring to your last statement "some peopkle even think that poker is a form of gambling... lol" This is mocking tone suggests that youre implying that gambling intrinsically is not a form of gambling?

I think you're confusing the response above your's here as my response to you but it is not.  I responded to your question earlier at post #1044:
https://bitcointalk.org/index.phptopic=1186546.msg13415682#msg13415682

[Dr.Osh]

No,gambling can not profitable in long term.A vast majority of the gamblers run out of funds even in short term.There are few persons who keep winning till some certain point.By the point of gambling business it is profitable in long term as house always win.

yes, you're right, of course it is very difficult, maybe you should have the luck that no one else for the benefit did not break from gambling, surely it would only lead to scams

[phibay]

Sports betting is where you can make profit in long term.If you know what are you placing on there are many chances to win most of the times.It is my view and I don't recommend anyone to try this.

I don't think any kind of gambling to be profitable in the long run. I prefer investments that can be predicted.

i can only think of poker being profitable in the long run and nothing else. If players always play poker then they probably can be a professinal player and get rich from that and even on tv it shows the best poker players getting rich

have you proved it by yourself? i can see many people say like that but none of them were either professional poker players. its still gambling and there are no guanteed profit there. to sum up this thread, gambling won't never be profitable in the long term.

[Empinel]

Definitely, I know a way to do it one hundred percent! Binary trading (Bet on market being up or down), hack the source and make it up (bet on up), win! Or easier, hack the whole casino

[eire666]

Gambling can be profitable in the long term, I'm not sure about casino but definitely horse racing, both in the UK and US. But the key to long term profit is discipline. Believe it or not I have limited access to inside info as a family member is fairly high up in a big betting firm but in all honestly even if I win on the day, most of the time I blow it because I lack the discipline. I keep wanting more.
If I was to just back the good bets I'm given, over the year I'd be f*ckin rich lol

But yeah it can be profitable in the long term if you have the discipline!!

[n2004al]

Gambling can be profitable in the long term, I'm not sure about casino but definitely horse racing, both in the UK and US. But the key to long term profit is discipline. Believe it or not I have limited access to inside info as a family member is fairly high up in a big betting firm but in all honestly even if I win on the day, most of the time I blow it because I lack the discipline. I keep wanting more.
If I was to just back the good bets I'm given, over the year I'd be f*ckin rich lol

But yeah it can be profitable in the long term if you have the discipline!!

Sure. So have "limited access to inside info as a family member is fairly high up in a big betting firm" and that "in all honesty even if "he" win on the day, most of the time I blow it because he lack the discipline" make everyone to have unlimited money gambling in horse racing. But we have a big problem: the discipline.  

So (accepting that I have understand correct the big phrase above) if we have one (only one, it is completely enough to have only one) which have "limited access to inside info as a family member is fairly high up in a big betting firm" and that "in all honesty even if "he" win on the day, most of the time "he" blow it because he lack the discipline", it would be enough that this one create the discipline and "was to just back the good bets given to him" everyone on this Earth can be f...n rich. Everyone in this Earth it was enough to follow the simple rules above told and can live for generations with the money earned from the horse racing.

Then is clear now. It is possible to live with the money from gambling and that gambling is much more than profitable FOR EVERYONE. Must have a little attention regarding the discipline (it is a critic parameter in the strategic scheme given above by the poster quoted by me) but everyone can resolve to easy even this probable problem. Become at least 5 years part of Army in its country and after this period is totally ready to earn mountains of money from gambling.

Remain to find the way to create the discipline for the females. Because not every country accept females at the Army. What to do in this case? Maybe the author of the wining strategy in gambling can have another strategy even for this problem. Females are half of the population of the Earth. And have even them the right to have part in this mountain of money that can be earned with gambling using the winning strategy of the above poster quoted by me. Lets wait then some other winning strategy even in this direction from the strategic poster....  

[Ruzka]

Definitely, I know a way to do it one hundred percent! Binary trading (Bet on market being up or down), hack the source and make it up (bet on up), win! Or easier, hack the whole casino

That is not the question. He never asked is it profitable to steal and cheat. He asked whether gambling can be profitable in the long term. Not sure why that is so hard to understand to be honest it is quite simple. For 99% of people around here it will never be profitable because many lack any kind of discipline and are easily addicted.  
What will of course in the end take them for every penny they have. Have fun

[spiritual3]

I don't think that we can become rich by gambling.. If we have good luck.. we can gain some profits.. this is what i got from my gambling experience from last few months.. Money management, skill and at the same time luck.. these are the factors to get some profits in gambling.. There is no such think like long time or short time..

[krunox123]

I don't think that we can become rich by gambling.. If we have good luck.. we can gain some profits.. this is what i got from my gambling experience from last few months.. Money management, skill and at the same time luck.. these are the factors to get some profits in gambling.. There is no such think like long time or short time..

It is really profitable if you have the skill and an enormous amount of luck. You will be able to profit a lot either in the long term or short term if you have these two things. But then again, you are not always lucky all the time.

[cjmoles]

Well, if gambling can't be profitable in the long run, then all them millionaire professional poker players we keep watching win that big stack of money on the final table of the World Series of Poker's Main Event must be faking it very well because they have me convinced!   I mean players like Daniel Negreanu (~50M USD), Phil Hellmuth(~20M USD), and Phil Ivey (~100M USD) made their millions gambling.  That's long term profit!

[spiritual3]

Well, if gambling can't be profitable in the long run, then all them millionaire professional poker players we keep watching win that big stack of money on the final table of the World Series of Poker's Main Event must be faking it very well because they have me convinced!   I mean players like Daniel Negreanu (~50M USD), Phil Hellmuth(~20M USD), and Phil Ivey (~100M USD) made their millions gambling.  That's long term profit!

Yes.. in poker.. we can earn with our skills.. But some games..like dice, rollet, etc. we can't i think.. for these games..luck is also takes important role..

[Kevin77]

I don't think that we can become rich by gambling.. If we have good luck.. we can gain some profits.. this is what i got from my gambling experience from last few months.. Money management, skill and at the same time luck.. these are the factors to get some profits in gambling.. There is no such think like long time or short time..

It is really profitable if you have the skill and an enormous amount of luck. You will be able to profit a lot either in the long term or short term if you have these two things. But then again, you are not always lucky all the time.

Even luck favors some times, no one wants to stop their gambling life with some profits. Out of greediness, every gamblers want to continue their gambling after seeing some profit. That is the reason gambling will turn into losses in long run. After the losses in long run, most of the gamblers are forced stop their gambling life.

[spiritual3]

I don't think that we can become rich by gambling.. If we have good luck.. we can gain some profits.. this is what i got from my gambling experience from last few months.. Money management, skill and at the same time luck.. these are the factors to get some profits in gambling.. There is no such think like long time or short time..

It is really profitable if you have the skill and an enormous amount of luck. You will be able to profit a lot either in the long term or short term if you have these two things. But then again, you are not always lucky all the time.

Even luck favors some times, no one wants to stop their gambling life with some profits. Out of greediness, every gamblers want to continue their gambling after seeing some profit. That is the reason gambling will turn into losses in long run. After the losses in long run, most of the gamblers are forced stop their gambling life.

Yes.  That is what i am telling.. we should have money management skills also. skills, money management and luck.. these are the main factors to get some profits in gambling.. this is what i think.