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plost24
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September 23, 2015, 12:22:23 AM |
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if you want to get 50$ for gambing every day you need to have 4 btc and gambling with payout 1.05 everyday and take the risk if you win 50$ or you will lose 1000$. so it's so crazy  . then the gambling is not profitable in long term one day you will lose. |
For rent 1.4 Bitcoin for 11 months starting Feb 1 2017
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Even if you use Bitcoin through Tor, the way transactions are handled by the network makes anonymity difficult to achieve. Do not expect your transactions to be anonymous unless you really know what you're doing.
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freedomno1
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Activity: 1806
Merit: 1090
Learning the troll avoidance button :)
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September 23, 2015, 12:28:04 AM |
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Assuming the house edge never statistically
However factoring in promotions and winning them now and then it could end up as a positive if your lucky.
Lose at the assumed house edge but win prizes at a rate that results in a net positive balance.
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Believing in Bitcoins and it's ability to change the world
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flock123
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Activity: 98
Merit: 10
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September 23, 2015, 01:20:27 AM |
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if you want to get 50$ for gambing every day you need to have 4 btc and gambling with payout 1.05 everyday and take the risk if you win 50$ or you will lose 1000$. so it's so crazy . then the gambling is not profitable in long term one day you will lose. maybe you could generate more than $ 90 if you have a 4 BTC capital, but even if you win, and accept all the risks  it's a game  |
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bitbaby
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September 23, 2015, 02:55:03 AM |
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Two types of gambling involves some level of skill, one is Poker other is Sports Betting and if you're good at it then they might prove to be profitable in long run. Apart from that I don't think one can make profit by playing Casino games in long term, maybe there are a few lucky ones who are constantly winning but usually you might get lucky once or twice but if you think you can make it a profession and always stay positive then I think that's just hoping for miracles.
I know a few people personally who have played Lotteries and Horse Racing their whole life and they must be good at it because they don't do anything else, so as I said there are exceptions but not everyone can do it.
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CPULoyal
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September 23, 2015, 04:41:50 AM |
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Casino's edge is their safeguard, either against a lucky streak or blatant cheating. When a player wins, is someone taking as profit the losing of many other players. So in the long run you can't think on gambling as a regular income.
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worhiper_-_
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September 23, 2015, 04:46:26 AM |
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Unless the game you're playing involves elements of strategy, winning in the long term isn't something viable. I know people that call themselves 'professional' poker players but poker is not your casual gambling game, and even those people have other sources of income other than the rewards of the poker tables they participate. Casino's edge is their safeguard, either against a lucky streak or blatant cheating. When a player wins, is someone taking as profit the losing of many other players. So in the long run you can't think on gambling as a regular income.
True that. gambling is profitable in the long term only for casinos. |
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fox19891989
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September 23, 2015, 04:51:15 AM |
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You can, I started my gambling life from 2010, from 2010-2012, I only bet on bet365 and williamhill, i lost 2X0 Euros there, 10 on bet365, 200 on williamhill, I thought i don't have good luck on gambling, that's my initial gambling experience, after that i didn't gamble again. In 2014, I started to gamble on bitcoin dice site, and luckily, i made 40X profits in 1 week, made 10btc profit, I thought I could be lucky on gambling now. This year, I started to bet on tennis, which is the most profitable sport, so far I have earned over 7btc on tennis, I love this game, love djokovic, betting on him is always earning money.  Besides, I have earned at least 5 btc pure profit from blackjack. So is 2010-2015 a long term? It can be long term for me, and I am profitable. |
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aakashsangwan
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September 23, 2015, 05:32:07 AM |
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In my view Casino Gambling dont give you profit in short or long term, apart from playing Poker with Live Players , i believe in sports betting, in this if you follow some strategy or you take service from professionals you can win in long term.
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adaseb
Legendary
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Activity: 3752
Merit: 1710
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September 23, 2015, 05:35:14 AM |
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Aside from real life Poker players or Blackjack card counters. I think gambling is more profitable in the shorter term.
The more you gamble the more you have the house edge against you and you can't win unless due to luck.
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BTCevo
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Activity: 1834
Merit: 1008
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September 23, 2015, 11:07:25 AM |
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if you want to get 50$ for gambing every day you need to have 4 btc and gambling with payout 1.05 everyday and take the risk if you win 50$ or you will lose 1000$. so it's so crazy . then the gambling is not profitable in long term one day you will lose. It is profitable if you do manual betting not using strategy like usual people do it, with this kind of betting you will sure can control your winning and losing that will make you still in profit |
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Inkvor
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September 23, 2015, 11:18:11 AM |
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if you want to get 50$ for gambing every day you need to have 4 btc and gambling with payout 1.05 everyday and take the risk if you win 50$ or you will lose 1000$. so it's so crazy . then the gambling is not profitable in long term one day you will lose. It is profitable if you do manual betting not using strategy like usual people do it, with this kind of betting you will sure can control your winning and losing that will make you still in profit how can you be in profit if you do manual betting  the only thing it avoids is the longer streaks while martingaling . if you martingale manually then you end up in same situation ,unless you do one 50 coins bet and never return to casino again. |
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Buziss
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September 23, 2015, 01:00:31 PM |
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if you want to get 50$ for gambing every day you need to have 4 btc and gambling with payout 1.05 everyday and take the risk if you win 50$ or you will lose 1000$. so it's so crazy . then the gambling is not profitable in long term one day you will lose. It is profitable if you do manual betting not using strategy like usual people do it, with this kind of betting you will sure can control your winning and losing that will make you still in profit So as in plost24's example, how would doing an all-in 4 btc x1.05 manual bet help you "control your winning and losing that will make you still in profit"? Either you win 0.2 btc if you are lucky or you lose all your 4 btc from that bet if you are unlucky. |
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Phildo
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Activity: 1526
Merit: 1000
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September 23, 2015, 01:03:11 PM |
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You cannot be profitable long term making -EV bets.
Not all gambling is -EV, most gambling you will find is -EV, unless you are better than everyone else at poker or find other +EV bets you will not be profitable long term, but it is possible. It isn't going to happen playing dice, or really anything online that isn't poker or sports betting.
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MinerHQ
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Activity: 1456
Merit: 1023
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September 23, 2015, 01:19:18 PM |
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I think in Long run everyone will lose money in gambling so better do gamble for making money instead just gamble for fun.
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futurebitcoins
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September 23, 2015, 01:44:13 PM |
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I think in Long run everyone will lose money in gambling so better do gamble for making money instead just gamble for fun.
I also don't suggest any one to gamble for long time. All these gambling sites are their because they are making money from you but if users make money then they will close site in just a few days so do not believe them and loose your money. |
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angelakay124
Full Member
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Activity: 126
Merit: 100
Crypto-Games.net: DICE, BLACKJACK and SLOT
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September 23, 2015, 01:45:58 PM |
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I think no, you have to be of big heart to handle the pressure while gambling. I have onetime won around 150$ from my 20$ stake but after i win that big, i become greedy and put a higher stake on each round. Which make me loss whatever i win and plus all my 20$. I suggest to play till your wining rate goes down, but i know no-one would stop due to greediness.
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Nobitcoin
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Activity: 966
Merit: 1000
In holiday we trust
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September 23, 2015, 01:54:30 PM |
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You can, I started my gambling life from 2010, from 2010-2012, I only bet on bet365 and williamhill, i lost 2X0 Euros there, 10 on bet365, 200 on williamhill, I thought i don't have good luck on gambling, that's my initial gambling experience, after that i didn't gamble again. In 2014, I started to gamble on bitcoin dice site, and luckily, i made 40X profits in 1 week, made 10btc profit, I thought I could be lucky on gambling now. This year, I started to bet on tennis, which is the most profitable sport, so far I have earned over 7btc on tennis, I love this game, love djokovic, betting on him is always earning money. Besides, I have earned at least 5 btc pure profit from blackjack. So is 2010-2015 a long term? It can be long term for me, and I am profitable. Very impressive you must really be one of the lucky ones. Just hope BTC doesn't drop to $100 |
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kpitti
Legendary
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Activity: 924
Merit: 1002
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September 23, 2015, 02:02:13 PM |
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The question is if gambling can be profitable .... ? Then my answer is yes it can be. But I think it depends on luck and to have a luck in long term it`s not what can be expected |
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euripide
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September 23, 2015, 02:14:33 PM |
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For dice site or casino for me you have more chance to one single bet and now in long term. To long term casino win, or more casino is closed later more time |
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leex1528
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September 23, 2015, 02:56:16 PM |
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Like many people have said on here even myself, it does depend on what type of gambling you are doing. If you are going ahead and betting sports/playing poker and you are good at it, that can definitely be profitable, but it really depends on your knowledge, and even then there is still luck involved that you have to watch out for.
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