DiamondCardz
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September 26, 2015, 12:07:21 PM |
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If someone which follows the set of rules and be discipline enoff. Can people make 50-100 $ a day just gambling in online casino.....?
Depends on the odds. Gambling on something with a defined house edge is never profitable in the long term, unless you've been extremely lucky with the low variance you would have. Playing the odds on something like betting on sports can be profitable in the long term if you're extremely good, generally with the chance of long-term profit increasing depending on how small the scene is and how good your knowledge is. |
BA Computer Science, University of Oxford
Dissertation was about threat modelling on distributed ledgers.
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Once a transaction has 6 confirmations, it is extremely unlikely that an attacker without at least 50% of the network's computation power would be able to reverse it.
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acroman08
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September 26, 2015, 12:12:43 PM |
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i can say it is. My sister plays dice games and earns about 200mbtc a week
of course not every week but she said she won more than she lose
so i guess shes a lucky gambler. but she said one time she lost 2btc.
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DiamondCardz
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September 26, 2015, 12:17:52 PM |
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i can say it is. My sister plays dice games and earns about 200mbtc a week
[...]
but she said one time she lost 2btc.
That's just variance, though. There are no tactics in dicing. Yeah, one week your sister might earn 200 m BTC, but what about that 2 BTC she lost? What time period was this over, how many bets were made, etc...in the long-term it is likely your sister will come out negative. |
BA Computer Science, University of Oxford
Dissertation was about threat modelling on distributed ledgers.
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maku
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September 26, 2015, 12:21:09 PM |
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The answer is NEVER...it can never be profitable in long term ...coz there will always be a point of time when you will start loosing it and greed will take it all away....
What the hell are you talking about? Do you know how many poker pro players have made millions of dollars or how many pro tipsters make profit everyday from sport betting? And do you know how many poker players or sport bettors lost everything? I bet losers are a lot bigger group that those who earned millions on gambling. It is generally true that you can profit if you are exceptionally good poker player or sport bettor bu you need to be elite. And even then you can lose hard. |
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Phildo
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September 26, 2015, 12:42:20 PM |
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The answer is NEVER...it can never be profitable in long term ...coz there will always be a point of time when you will start loosing it and greed will take it all away....
What the hell are you talking about? Do you know how many poker pro players have made millions of dollars or how many pro tipsters make profit everyday from sport betting? And do you know how many poker players or sport bettors lost everything? I bet losers are a lot bigger group that those who earned millions on gambling. It is generally true that you can profit if you are exceptionally good poker player or sport bettor bu you need to be elite. And even then you can lose hard. No one is saying it's easy. It is possible. It is possible in poker and sports betting to make +EV bets, therefore it is possible to be profitable long term. Also, dice sites, casinos, etc make +ev bets all the time, therefore they are profitable gambling long term. |
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Herbert2020
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September 26, 2015, 01:08:57 PM |
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If someone which follows the set of rules and be discipline enoff. Can people make 50-100 $ a day just gambling in online casino.....?
no, i seriously doubt if what you are describing is possible at all. because if it was possible and we assume that their system is completely fair. then there would be a guy who bankrupt every one of the online casinos by winning 50-100 USD per day. and soon they all would have closed up their website. |
Weak hands have been complaining about missing out ever since bitcoin was $1 and never buy the dip.
Whales are those who keep buying the dip.
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Ceizer54
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September 26, 2015, 01:36:56 PM |
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No gambling won't be profitable in long term because as soon as people earn some with gambling they want more and more and eventually lose it all...This is the psychological problem of human mind!
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GannickusX
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September 26, 2015, 04:30:39 PM |
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The answer is NEVER...it can never be profitable in long term ...coz there will always be a point of time when you will start loosing it and greed will take it all away....
What the hell are you talking about? Do you know how many poker pro players have made millions of dollars or how many pro tipsters make profit everyday from sport betting? Any idea how many of them are there in this forum? I do agree like people can make money from sports betting but other I don't know. What? I dont understand what you saying, the title says gambling, poker is a form of gambling and i have seen people in this forum that play poker and win considerable amounts of money, online poker of course No have changed your statement now earlier you said millions made from poker and now telling considerable. No? I said pro poker players make millions of dollars then you asked how many pro poker players are in this forum and i said i have seen some poker players here in the forum that make considerable amounts of money, are you ok? Do you need something? |
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waryh882
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September 26, 2015, 06:15:13 PM |
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not true, If you develop your skill sets along with your particular game, then the winning chances after hard practice you can definitely crack the game to make your profits.
I strongly say gambling will pay us in long term basis. But we need to design our own strategy and skill developments are more important.
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Phildo
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September 26, 2015, 07:19:30 PM |
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not true, If you develop your skill sets along with your particular game, then the winning chances after hard practice you can definitely crack the game to make your profits.
I strongly say gambling will pay us in long term basis. But we need to design our own strategy and skill developments are more important.
there is no possible strategy or skill developments for roulette, dice, etc. |
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sana9821
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September 26, 2015, 08:05:34 PM |
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gambling definitely can not be profitable in a long term because of a house edge unless it is positive house edge, without that there is no strategy to beat the casino
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SyGambler
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guess who's back
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September 26, 2015, 08:48:02 PM |
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The answer is NEVER...it can never be profitable in long term ...coz there will always be a point of time when you will start loosing it and greed will take it all away....
What the hell are you talking about? Do you know how many poker pro players have made millions of dollars or how many pro tipsters make profit everyday from sport betting? And do you know how many poker players or sport bettors lost everything? I bet losers are a lot bigger group that those who earned millions on gambling. It is generally true that you can profit if you are exceptionally good poker player or sport bettor bu you need to be elite. And even then you can lose hard. not everyone know what they are doing , but we can't ignore that poker is the most profitable game in the gambling market yes there are people losing , that's why there are long term winning players also you can consider your loses in poker as an investment , cause no one can learn the game without busting some dollars in the beginning but when you lose in other games you simply bust your money without learning anything |
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dooglus
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September 27, 2015, 01:42:19 AM |
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No have changed your statement now earlier you said millions made from poker and now telling considerable.
You seem confused. The question was "Can gambling be profitable in the long term?" The answer is "Yes, if you are good enough that you have a positive expectation and have a big enough bankroll to withstand the variance it will be". You need both. If you don't have a positive expectation you will lose if you play long enough, and if you don't have a big enough bankroll you'll go bust during one of the downswings. Ways of having a positive expectation include counting cards when playing blackjack, playing games with progressive pots only when the pot is big enough to make it worthwhile, taking advantage of promotions, etc. |
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MinerHQ
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September 27, 2015, 01:56:49 AM |
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No have changed your statement now earlier you said millions made from poker and now telling considerable.
You seem confused. The question was "Can gambling be profitable in the long term?" The answer is "Yes, if you are good enough that you have a positive expectation and have a big enough bankroll to withstand the variance it will be". You need both. If you don't have a positive expectation you will lose if you play long enough, and if you don't have a big enough bankroll you'll go bust during one of the downswings. Ways of having a positive expectation include counting cards when playing blackjack, playing games with progressive pots only when the pot is big enough to make it worthwhile, taking advantage of promotions, etc. Thanks for your explanation. Since I don't play poker so do not have much idea of these games. |
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Herbert2020
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September 27, 2015, 02:59:42 AM |
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No have changed your statement now earlier you said millions made from poker and now telling considerable.
You seem confused. The question was "Can gambling be profitable in the long term?" The answer is "Yes, if you are good enough that you have a positive expectation and have a big enough bankroll to withstand the variance it will be". You need both. If you don't have a positive expectation you will lose if you play long enough, and if you don't have a big enough bankroll you'll go bust during one of the downswings. Ways of having a positive expectation include counting cards when playing blackjack, playing games with progressive pots only when the pot is big enough to make it worthwhile, taking advantage of promotions, etc. this clearly shows that you should never consider gaining profit from gambling. you have to have a good luck, you need to be good at gambling and play long for the small profit. besides you have to have a huge bankroll which means investing big money. so every sane person would invest that amount in something else with better guaranteed profitability instead of gambling, if you are looking for profit only! |
Weak hands have been complaining about missing out ever since bitcoin was $1 and never buy the dip.
Whales are those who keep buying the dip.
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DiamondCardz
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September 27, 2015, 09:38:35 AM |
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Long-term is a bad "time period" to use here, though. When does short-term change to long-term?
It's better to look at terms of percentage of bankroll. Gambling on a dicing site with a 1% house edge gives you a 49.5% chance to turn your bankroll to 200% of your original bankroll, while giving you a 50.5% chance to turn your bankroll into 0% of your original bankroll - assuming you only stop when you reach 200% or 0% of your original bankroll. That 1% "spread" between the percentages is where the house makes their profit. So in the long-term, that spread is what kills you while giving the house profit.
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BA Computer Science, University of Oxford
Dissertation was about threat modelling on distributed ledgers.
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Shinpako09
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September 27, 2015, 10:08:14 AM |
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If you are skilled player i think you can do it in blackjack or poker. But if you own online casino I can say yes its profitable because only few can bet the house very rarely.
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Phildo
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September 27, 2015, 12:08:38 PM |
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If you are skilled player i think you can do it in blackjack or poker. But if you own online casino I can say yes its profitable because only few can bet the house very rarely.
It is extremely difficult in blackjack at casinos and probably impossible online. Bj using perfect strategy is -everything under most rulesets. You need to count cards to get yo +ev and that is not possible on most online sites. |
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Lahvacekmoney
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September 27, 2015, 01:16:33 PM |
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How i made 0.01 LTC from 0.001 faucet fund and loose it with my mistake...  |
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maku
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September 27, 2015, 01:33:22 PM |
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You can't profit from standard casino games like DICE or Roulette, that is a proven fact. If you think there are some systems which can help you win, you are wrong. Gambling systems have been around for as long as gambling has. No system has ever been proven to work.
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