BTCevo
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Merit: 1008
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September 28, 2015, 10:57:39 AM |
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You can't profit from standard casino games like DICE or Roulette
You can, if you get lucky enough with your variance. It's just that in the long-term, you won't profit, unless you have a ridiculous amount of luck. But it is possible to profit from gambling in the short-term or if you quit while you're ahead, else no-one would do it! I wont quit it after I win some, I just stopped playing it and try again next day, you will get fresh your mind and start again from the last balance you have, this will be safe rather than keep on playing although you win much you will not stopped until you busted all of it so keep some from your saving is a great thing |
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Aemon
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September 28, 2015, 02:00:38 PM |
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You can't profit from standard casino games like DICE or Roulette
You can, if you get lucky enough with your variance. It's just that in the long-term, you won't profit, unless you have a ridiculous amount of luck. But it is possible to profit from gambling in the short-term or if you quit while you're ahead, else no-one would do it! I wont quit it after I win some, I just stopped playing it and try again next day, you will get fresh your mind and start again from the last balance you have, this will be safe rather than keep on playing although you win much you will not stopped until you busted all of it so keep some from your saving is a great thing Pretty much this, Gambling is addictive and that is what Casinos are starting to realize, the more and more you play the more and more you are likely to lose. |
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Millibetting
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Activity: 83
Merit: 10
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September 29, 2015, 08:42:54 PM |
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Gambling for Long Term Profit is not possible Amount Lost always = amount bet X house edge In the long run No way else to put it... Math  |
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Aemon
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September 29, 2015, 09:17:16 PM |
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Gambling for Long Term Profit is not possible Amount Lost always = amount bet X house edge In the long run No way else to put it... Math That isn't math, is just incoherent logic that doesn't make any sense. Long term gambling is possible, its just like winning the lottery, its rare but possible. |
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Millibetting
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September 29, 2015, 09:29:54 PM |
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That isn't math, is just incoherent logic that doesn't make any sense. Long term gambling is possible, its just like winning the lottery, its rare but possible.
It may be possible but only because Bitcoin gambling websites are offering such low house edges and the gamblers aren't really making the thousands or millions of bets needed to be considered Long Term. If they won a bunch and they keep gambling they will lose a bunch and the law of large numbers will be seen in the gambling results the more the player gambles. Math is Math I don't really think you can disprove that formula. In the Long Term (billions of bets) |
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bitgolden
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Leading Crypto Sports Betting & Casino Platform
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September 30, 2015, 02:39:26 AM |
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That isn't math, is just incoherent logic that doesn't make any sense. Long term gambling is possible, its just like winning the lottery, its rare but possible.
It may be possible but only because Bitcoin gambling websites are offering such low house edges and the gamblers aren't really making the thousands or millions of bets needed to be considered Long Term. If they won a bunch and they keep gambling they will lose a bunch and the law of large numbers will be seen in the gambling results the more the player gambles. Math is Math I don't really think you can disprove that formula. In the Long Term (billions of bets) Billions of bets are not required and that is not the actual meaning of long term. If you want to sustain in a gambling world for the fun it provides, you must develop your own winning skills as your own habits. Then you never hate or leave a profitable fun filled earning opportunity. |
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Omikifuse
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September 30, 2015, 04:33:05 AM |
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Gambling for Long Term Profit is not possible Amount Lost always = amount bet X house edge In the long run No way else to put it... Math Some games don't have house edge, like sportbetting, so you in theory can win in the long run, no matter how long is your run. And dice house edge is low, so it is always likely that the variance plays in your favor short term and you get profit, if you know when to stop |
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MinerHQ
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Activity: 1456
Merit: 1023
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September 30, 2015, 05:28:42 AM |
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Gambling for Long Term Profit is not possible Amount Lost always = amount bet X house edge In the long run No way else to put it... Math That isn't math, is just incoherent logic that doesn't make any sense. Long term gambling is possible, its just like winning the lottery, its rare but possible. Are you sure lottery every one can win? If you say rare then by the time one get his chance he might have lost more then his winning money. |
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GannickusX
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September 30, 2015, 07:04:50 AM |
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Gambling for Long Term Profit is not possible Amount Lost always = amount bet X house edge In the long run No way else to put it... Math That isn't math, is just incoherent logic that doesn't make any sense. Long term gambling is possible, its just like winning the lottery, its rare but possible. Are you sure lottery every one can win? If you say rare then by the time one get his chance he might have lost more then his winning money. Ok, everyone in this thread needs to understand that ''gambling'' doesnt mean ''dice'' it can also be poker, sportsbetting and any other gambling game with no house edge. You can always make profit on those but it's just as hard as investing in stocks or any other investments. It is possible. |
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tennozer
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September 30, 2015, 07:25:04 AM |
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Gambling for Long Term Profit is not possible Amount Lost always = amount bet X house edge In the long run No way else to put it... Math Some games don't have house edge, like sportbetting, so you in theory can win in the long run, no matter how long is your run. And dice house edge is low, so it is always likely that the variance plays in your favor short term and you get profit, if you know when to stop If you are winning, you can not stop to win more and more. It is all about human nature. But you are right. If you can stop or somebody force you to stop, it can be profitable. But you will begin again and who know you can win or not. |
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Paraka
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Merit: 1000
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September 30, 2015, 07:31:01 AM |
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I never think in gambling be profitable in long term
but, i always enjoy and fun.
for me gambling just for fun to play if not busy or no work
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EthanB
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October 01, 2015, 01:42:51 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.....?
Crazier things have happened. Don't over-complicate your bets and don't forget to have fun. My grandfather made a living as a gambling man, never held a job. |
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dre1982
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★Bitvest.io★ Play Plinko or Invest!
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October 01, 2015, 01:54:08 PM |
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I never think in gambling be profitable in long term
but, i always enjoy and fun.
for me gambling just for fun to play if not busy or no work
This is the same how I see gamling. Just for fun and if you got some nice profit it's good. The best way to be profitable with gambling if you know when to stop. There it goes everytime wrong with me.  |
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minionsgelato
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October 01, 2015, 05:28:34 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.....?
everything is possible on gambling as long as you got your lucky day to earn profit bigger then your loss and have lucky day in long term (everyday)? i am sure about that, except you are god of gamblers |
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Zombier0
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October 01, 2015, 05:40:01 PM |
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Sport betting is better than casino
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zero01
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October 01, 2015, 05:48:33 PM |
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Sport betting is better than casino
correct and if you're really good at guessing, maybe it could make your profit |
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Aemon
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October 01, 2015, 05:51:30 PM |
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I think most people actually do worse at Sports betting than the casino. The casino has a fixed house edge that is constant. Sports betting is difficult, you are basically betting against professionals who make a line on whether or not a team will hit that, very difficult, usually people are around 40% when it comes to sports betting.
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fox19891989
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October 01, 2015, 06:50:33 PM |
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I think most people actually do worse at Sports betting than the casino. The casino has a fixed house edge that is constant. Sports betting is difficult, you are basically betting against professionals who make a line on whether or not a team will hit that, very difficult, usually people are around 40% when it comes to sports betting.
Right, I think there are 20% people don't lose money on sports betting, only less than 5% bettors make money, and 80% lost money, hehe. |
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apriyani420
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October 01, 2015, 07:19:55 PM |
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well it might be possibly profitable in a long term and you can win big sums out of it though you have to be really lucky in order to reach such big wins and win for a long time
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Aemon
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October 01, 2015, 08:08:55 PM |
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I think most people actually do worse at Sports betting than the casino. The casino has a fixed house edge that is constant. Sports betting is difficult, you are basically betting against professionals who make a line on whether or not a team will hit that, very difficult, usually people are around 40% when it comes to sports betting.
Right, I think there are 20% people don't lose money on sports betting, only less than 5% bettors make money, and 80% lost money, hehe. I have a funny feeling you are trying to make fun of me?  I obviously was just making up a % number but I can't imagine its closer to 50% than 40%. Of course I could be wrong but still no reason to make fun of me:( |
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