Can gambling be profitable in long term ?

[ranochigo]

Generally the gambling is not profitable in long Term , but if you can cash-out the Initial and wisely play the game with fraction of profits then you can win and will not be in loss.

I believe the main problem is still if you can win in the first few bets when you are trying to make profit. Many has lost in that process and they would still be in a loss. After you lose your profit, you would still be trying to deposit your coins and try to play with new profits generated from the initial bankroll again. After sometime, you would lose everything.

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[Heutenamos]

I think most of the people will start with this same concept but after staring either they won't even get a opportunity to cash out or with their greediness they will not withdraw their profits when they have opportunity to withdraw profits. So at the end they will lose and start thinking to recover their loses and slowly lose all their money again and again. So I think gambling is not profitable in the long run.

Not everyone are like that. Some people seriously have a good control for their greediness and will stop when they win. Only some immature person that is not able to do that

People who are into gambling just for fun and entertainment do stop when shit gets serious.
The hardcore one's are always in the trap.

[mobiletalk]

I think most of the people will start with this same concept but after staring either they won't even get a opportunity to cash out or with their greediness they will not withdraw their profits when they have opportunity to withdraw profits. So at the end they will lose and start thinking to recover their loses and slowly lose all their money again and again. So I think gambling is not profitable in the long run.

Not everyone are like that. Some people seriously have a good control for their greediness and will stop when they win. Only some immature person that is not able to do that

People who are into gambling just for fun and entertainment do stop when shit gets serious.
The hardcore one's are always in the trap.

That's right. Everyone should participate in their financial ability.

[iram66680]

No you can not win and beat house edge with strategy
It's all luck

Do you think its all luck? For me this is base for a system of the game. You have 10% chances to win 90% for lose. so i f your capital has a 10% profit or much better just control your self not be greedy.. some gamblers if he wins and have a lot of profit he/she still playing because he want to double the profit.

I'm not able to accept that there are only 10% to win. I believe that we have equal chance for both winning or loosing. It must be a 50-50 chances in almost all type of gambling. That's the reason people are still believing that gambling are profitable in long run.

If there are 10% chance, the payout is significantly higher too. It works both ways, higher payout=lower chance, lower payout= higher chance. That applies in dice games and roulette. Even if it's 50-50, gambling will not be profitable due to varience.

[Winalunt]

No you can not win and beat house edge with strategy
It's all luck

Do you think its all luck? For me this is base for a system of the game. You have 10% chances to win 90% for lose. so i f your capital has a 10% profit or much better just control your self not be greedy.. some gamblers if he wins and have a lot of profit he/she still playing because he want to double the profit.

I'm not able to accept that there are only 10% to win. I believe that we have equal chance for both winning or loosing. It must be a 50-50 chances in almost all type of gambling. That's the reason people are still believing that gambling are profitable in long run.

If there are 10% chance, the payout is significantly higher too. It works both ways, higher payout=lower chance, lower payout= higher chance. That applies in dice games and roulette. Even if it's 50-50, gambling will not be profitable due to varience.

Keeping Luck aside ,It's not because of variance but because of the common 1% house edge ,sometimes the short term variance can give you hundreds of coins in profit .

[KIMMY91]

Generally the gambling is not profitable in long Term , but if you can cash-out the Initial and wisely play the game with fraction of profits then you can win and will not be in loss.

Yes, agreed with you. If you are withdrawing the whatever profit you have made on a regular basis then you can avoid the loss in long term. Either you will be in profits or will be neutral if you follow this strategy, many people are already successfully following this strategy.

So do i. i agree for above statement. Just try your luck,spend some money and if starting betting is not good,stop. But,if its look good,just proceed and win some money then.

[jpouza]

Generally the gambling is not profitable in long Term , but if you can cash-out the Initial and wisely play the game with fraction of profits then you can win and will not be in loss.

I believe the main problem is still if you can win in the first few bets when you are trying to make profit. Many has lost in that process and they would still be in a loss. After you lose your profit, you would still be trying to deposit your coins and try to play with new profits generated from the initial bankroll again. After sometime, you would lose everything.

Gambling is not made for profit, mining is... with the right knowledge.

[gampher]

Generally the gambling is not profitable in long Term , but if you can cash-out the Initial and wisely play the game with fraction of profits then you can win and will not be in loss.

I believe the main problem is still if you can win in the first few bets when you are trying to make profit. Many has lost in that process and they would still be in a loss. After you lose your profit, you would still be trying to deposit your coins and try to play with new profits generated from the initial bankroll again. After sometime, you would lose everything.

Gambling is not made for profit, mining is... with the right knowledge.

No, mining is also not made for profit ,it is one way to get the currency and use it.
but people do win and recover their loses sometimes.

[ronaldo40]

Is my friend can play dice and sport betting
He can earn about 0.1-1 btc/week
but i dont know can survive be profitable in long term.

it was excellent, it means your friend has a good skill or expertise. but in gambling all depends on luck even though you have selected the safest, so for the long term anything can happen, even though your friend is very good at making a profit each week

[BTCevo]

Is my friend can play dice and sport betting
He can earn about 0.1-1 btc/week
but i dont know can survive be profitable in long term.

Yes it is possible true but can your friend maintain it for a longer time? I dont think so because you will suffer much loss before you know it so when you are on top please stop it for a while for relaxing your mind before you continue to play it again

[BitCentral]

Is my friend can play dice and sport betting
He can earn about 0.1-1 btc/week
but i dont know can survive be profitable in long term.

it was excellent, it means your friend has a good skill or expertise. but in gambling all depends on luck even though you have selected the safest, so for the long term anything can happen, even though your friend is very good at making a profit each week

I ever play gambling with bank roll management system.
Only bet around 1%-2% from my bankroll.
Firstly, i feel very slow to earn from that technique, i just got very small profit from it.

And when i really sure in some sport match.
.. i lose all 50% of my bankroll just for small odds. That's great

[ranochigo]

No you can not win and beat house edge with strategy
It's all luck

Do you think its all luck? For me this is base for a system of the game. You have 10% chances to win 90% for lose. so i f your capital has a 10% profit or much better just control your self not be greedy.. some gamblers if he wins and have a lot of profit he/she still playing because he want to double the profit.

I'm not able to accept that there are only 10% to win. I believe that we have equal chance for both winning or loosing. It must be a 50-50 chances in almost all type of gambling. That's the reason people are still believing that gambling are profitable in long run.

If there are 10% chance, the payout is significantly higher too. It works both ways, higher payout=lower chance, lower payout= higher chance. That applies in dice games and roulette. Even if it's 50-50, gambling will not be profitable due to varience.

Keeping Luck aside ,It's not because of variance but because of the common 1% house edge ,sometimes the short term variance can give you hundreds of coins in profit .

And make you lose money too. Even in the perfect situation with 0% house edge, there is still a possibility of you hitting 20+ lose streak due to varience. Varience can not only allow you to gain money but also lose it.

[ronaldo40]

Is my friend can play dice and sport betting
He can earn about 0.1-1 btc/week
but i dont know can survive be profitable in long term.

it was excellent, it means your friend has a good skill or expertise. but in gambling all depends on luck even though you have selected the safest, so for the long term anything can happen, even though your friend is very good at making a profit each week

I ever play gambling with bank roll management system.
Only bet around 1%-2% from my bankroll.
Firstly, i feel very slow to earn from that technique, i just got very small profit from it.

And when i really sure in some sport match.
.. i lose all 50% of my bankroll just for small odds. That's great

I too have experienced the same thing as you and it happened when I was playing dice, so I use a safe technique to play at 95% like to try a small bet and I always make a profit, but when I raise my bet bigger and finally I lost. whereas in my opinion should have been quite safe, because red numbers have come out.

[Bitinity]

Is my friend can play dice and sport betting
He can earn about 0.1-1 btc/week
but i dont know can survive be profitable in long term.

I doubt about this, I dont think he can earn 0.1-1btc/week constantly. I believe he have lost some money too in a week. Because you say your friend is also playing dice which is purely luck-based game. So it is impossible to have lunch luck every week.

[Erza]

Generally the gambling is not profitable in long Term , but if you can cash-out the Initial and wisely play the game with fraction of profits then you can win and will not be in loss.

Nope every person will suffer this loss thing no matter what. But the point is how to recover it that is hardest thing. Although pro player still can suffer a lot sometimes but they can manage to recover it

[Karpeles]

Generally the gambling is not profitable in long Term , but if you can cash-out the Initial and wisely play the game with fraction of profits then you can win and will not be in loss.

But sooner or later you will lose everything and you will have to make another withdraw or never gamble again.


So you deposit and end up in loss after some losses, because in general people don't stop when they lose

[iv4n]

We all think about it sometime – somehow finding a trick to get rich quickly. It’s not easy but it is possible. It is possible to win money gambling, but it has to be a full time job. Learning card counting is difficult. Betting on sports can be done if you take a financial approach and do it full time. In poker, you're going up against other player`s. Every game have different approach. If u don`t try, u will never know.

[Superhitech]

We all think about it sometime – somehow finding a trick to get rich quickly. It’s not easy but it is possible. It is possible to win money gambling, but it has to be a full time job. Learning card counting is difficult. Betting on sports can be done if you take a financial approach and do it full time. In poker, you're going up against other player`s. Every game have different approach. If u don`t try, u will never know.

Not all games have a specific approach though, for example dice is just based on luck, there is not really a strategy for it.

[eli113]

i personaly gamble a lot but i was never thought gambling as investment
for me is more like buying some wicked kind of fun ,alternative to going at a movie theatre etc

but if you want to see how you can gamble for long term success i can give you a bit of help

you must bet only when the odds to win are almost imposible like 1 chance out of 10,000 up to 1 chance out of multi-millions
those kind of bets you may find usually in national loteries and such ,thats not bad about how fair the game can be

then you need to decide a very very small bet you can put every day or week until you win just once !
if you are really lucky then odds are in your favor ,otherwise you will pay really cheap just to confirm your bad luck

have a nice day and good luck of course !

[Omikifuse]

i personaly gamble a lot but i was never thought gambling as investment
for me is more like buying some wicked kind of fun ,alternative to going at a movie theatre etc

but if you want to see how you can gamble for long term success i can give you a bit of help

you must bet only when the odds to win are almost imposible like 1 chance out of 10,000 up to 1 chance out of multi-millions
those kind of bets you may find usually in national loteries and such ,thats not bad about how fair the game can be

then you need to decide a very very small bet you can put every day or week until you win just once !
if you are really lucky then odds are in your favor ,otherwise you will pay really cheap just to confirm your bad luck

have a nice day and good luck of course !

problem is the time taken by your small and daily bets.

if I go to buy a loterry ticket, I spend at least 30 min. Or 26 hours during a whole week.

You can do many things in 26 hours. There are courses that will last 26 hours and may give you returns