Can gambling be profitable in long term ?

[marioantonini]

Gambling like casino , roulette and dice, i think no, but sportbetting can is profitable, if you know good a championship for bet. I have more friend bet every week 3-5 euro in parlay to odd over 200 and 1 time a year win

[1714874819]

1714874819

[1714874819]

1714874819

[rivoke]

I've been gamble for a year. At the first semester I've gained some profit. Usually I play on dice and plinko game.
But at the end , the house edge really bust me out

[CryptBit]

Only if you're the house.

[Aemon]

Only if you're the house.

Not quite true, I would say, you are more than likely to lose if you play, but there is always a chance, hence why people actually keep gambling.  There is always a chance!

[shanem]

It is possible if you gamble in sports and always ' analyse ' corectly and always win.
For the other casino or dice games, there is no point playing because you will lose in the long run.

[Aemon]

It is possible if you gamble in sports and always ' analyse ' corectly and always win.
For the other casino or dice games, there is no point playing because you will lose in the long run.

Again, this is not entirely true.  You can't analyze everything about sports and guess correctly, weird stuff happens every day and just think of Vegas, they have pros make the spreads and usually take in a pretty good amount from that.

For casino or dice games, again not entirely true, but you are more than likely to lose in the long run due to the house edge, but its not impossible to win at the long run.

[kronkodil]

to the long term i have realize a profit with gambling, but only because i have invest in bankroll to 2-3 gambling site and never play 

[Mikestang]

There are very, very few people who are able to make a living as professional gamblers at casino games, there the house holds too much of an advantage.

The recent boom of poker shows that it is very possible to make a living gambling professionally at cards.  Since these games usually pit player against player it removes the house from the equation.

It is also possible to make a living at sports betting long-term, but even the guys who are really, really good at it only have just over a 50% success rate.

Check out https://bpb.opendns.com/a/www.professionalgambler.com/Winperct.html and https://bpb.opendns.com/a/sportsgambling.about.com/od/sportsgambling101/a/55percentwins.htm.

[klf]

Only if you're the house.

True a casino's goal is to get equal betting on both the winner and loser. Then their profit is always guaranteed.

[trafficolaa]

Gambling like casino , roulette and dice, i think no, but sportbetting can is profitable, if you know good a championship for bet. I have more friend bet every week 3-5 euro in parlay to odd over 200 and 1 time a year win

I would like to know how long you are doing this method with sportsbook betting to bet with parlay over 200 odds, do you calculate your profit lose ration how much do spend on this kind of betting so in the end are you sure about this sportsbook betting is really profitable in long term?

[Sir_lagsalot]

In the short term, you can win. But due to the house edge, you always have either a bigger chance of losing than winning, or winning will usually only win back the same or less than what you put in and lost. I've tried martingale before, it won me alot, until I went on a huge losing streak.

Maybe sports betting is pretty profitable, but anything can happen. Remember that Japanese horse?

Lol, don't get me started on eSports betting. Teams either throw, or play badly. Only bet in those big competitions, like the CSGO Katowice and Cologne.

[futurebit640]

Gambling like casino , roulette and dice, i think no, but sportbetting can is profitable, if you know good a championship for bet. I have more friend bet every week 3-5 euro in parlay to odd over 200 and 1 time a year win

Yes I think one can make some money in sports betting because it is not purely based on luck but these sports based on players performance so any one knows more about game, team or player strength he/she can win some betting in sports. But one can't predict always but these predictions are better than loosing money in dice games.

[MinerHQ]

to the long term i have realize a profit with gambling, but only because i have invest in bankroll to 2-3 gambling site and never play 

I think in long run no one can make profits from these gambling sites but you can try sports betting may be more better option to save your money.

[pilscoop]

You have to know how much you're wiling to lose. In the long run you'll eventually lose it all.
I wouldn't count on gambling as a main source of income.

[ranochigo]

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.

The risk is too much, people have failed on their first day.

Only if you're the house.

Not quite true, I would say, you are more than likely to lose if you play, but there is always a chance, hence why people actually keep gambling.  There is always a chance!

I can't deny that some can make a profit since Nakowa existed but AFAIK, he lost a portion of it back to the house. There is a higher chance of gaining profit if you're the house as most have a wager limit which can prevent gamblers to win too much and most of the time, gamblers would always lose the profit after winning it. Even if a whale comes and wipe a significant portion, the chances of another whale losing is still high due to the house edge.

[Decoded]

If someone which follows the set of rules and be discipline enoff. Can people make 50-100 $ a day just gambling in online casino.....?

all of us can profit $100 a day but remember that the higher your bankroll is the higher chance you can get $100 daily but still it isnt 100% sure

[Coef]

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.

The risk is too much, people have failed on their first day.

Indeed, the 7k btc losing bet is not the user's first bet. The user first started with only 1767 btc. He has then won 26 bets for 92%+ and successfully turned his balance from 1767 to 7k, but eventually got a loss in his 27th bet two days after the first bet.

But yes, the risk of such bet is huge. You could lose a bet with very high winning chance, and as always you should never bet more than you can afford to lose.

"Someone lost 7k on a 96% bet? Wow!"

It seems amazing until you realise that he made 27 such bets in a row, and won the first 26 of them...

 1   2013-10-02 07:34:43 #148575723: 1767.51587669 @ 92%    hi: lucky:19.0776 profit:  134.48490980 bal:1902.00078649 n: 58   134.48478460
 2   2013-10-02 07:34:53 #148575921: 1767.51587669 @ 92%    hi: lucky:12.2165 profit:  134.48490980 bal:2036.48569629 n: 59   268.96969440
 3   2013-10-02 07:35:39 #148576957: 1767.51587669 @ 92%    hi: lucky:73.9495 profit:  134.48490980 bal:2170.97060609 n: 60   403.45460420
 4   2013-10-02 07:42:12 #148584193: 2170.97057849 @ 92%    hi: lucky:60.4122 profit:  165.18255156 bal:2336.15313005 n:114   568.63712816
 5   2013-10-02 07:43:30 #148585325: 2336.15313005 @ 92%    hi: lucky:79.5807 profit:  177.75078975 bal:2513.90391980 n:115   746.38791791
 6   2013-10-02 07:48:30 #148590355: 2513.90372740 @ 92%    hi: lucky:52.1169 profit:  191.27529235 bal:2705.17901975 n:119   937.66301786
 7   2013-10-02 07:49:13 #148590882: 2513.90372740 @ 92%    hi: lucky:93.7250 profit:  191.27529235 bal:2896.45431210 n:120  1128.93831021
 8   2013-10-02 07:51:02 #148591949: 2896.45431590 @ 92%    hi: lucky:57.2928 profit:  220.38240367 bal:3116.83671957 n:126  1349.32071768
 9   2013-10-02 08:01:57 #148601047: 3116.83674877 @ 93%    hi: lucky:92.4414 profit:  201.08624487 bal:3317.92299364 n:145  1550.40699175
10   2013-10-02 08:12:54 #148612542: 3317.92314519 @ 93%    hi: lucky:82.9679 profit:  214.05956096 bal:3531.98270615 n:186  1764.46670426
11   2013-10-02 08:19:29 #148618898: 3533.97982021 @ 95%    hi: lucky:45.0747 profit:  148.79913916 bal:3682.77895937 n:236  1915.26295748
12   2013-10-02 08:21:04 #148620446: 3682.77897204 @ 95%    hi: lucky:56.5205 profit:  155.06436614 bal:3837.84333818 n:241  2070.32733629
13   2013-10-03 22:16:36 #151396071: 3846.94273818 @ 93.01% hi: lucky:41.2406 profit:  247.74957520 bal:4094.69231338 n:308  2318.07691149
14   2013-10-03 22:16:56 #151396629: 3846.94273818 @ 93.03% hi: lucky:90.6891 profit:  246.86927929 bal:4341.56159267 n:309  2564.94619078
15   2013-10-03 22:17:12 #151397027: 3846.94273818 @ 93.09% hi: lucky:78.7297 profit:  244.23066127 bal:4585.79225394 n:310  2809.17685205
16   2013-10-03 22:17:36 #151397665: 3846.94273818 @ 93.2%  hi: lucky:33.1190 profit:  239.40201721 bal:4825.19427115 n:311  3048.57886926
17   2013-10-03 22:21:15 #151403104: 4825.19427115 @ 94.3%  hi: lucky:40.0573 profit:  240.49216990 bal:5065.68644105 n:314  3289.07103916
18   2013-10-03 22:24:13 #151406494: 5065.68648587 @ 94.55% hi: lucky:17.7951 profit:  238.41673708 bal:5304.10322295 n:327  3527.48782106
19   2013-10-03 22:27:04 #151408897: 5304.10330755 @ 95.09% hi: lucky:05.4491 profit:  218.09910565 bal:5522.20241320 n:346  3745.58701131
20   2013-10-04 05:01:01 #151911402: 5519.94840009 @ 95.21% hi: lucky:97.9878 profit:  219.73115077 bal:5739.67955086 n:530  3965.31812092
21   2013-10-04 05:01:05 #151911481: 5519.94840009 @ 95.21% hi: lucky:59.0951 profit:  219.73115077 bal:5959.41070163 n:531  4185.04927169
22   2013-10-04 05:02:56 #151914007: 5959.41068558 @ 95.51% hi: lucky:26.6702 profit:  217.76091885 bal:6177.17160443 n:556  4402.81017449
23   2013-10-04 05:04:58 #151915792: 6177.17161758 @ 95.71% hi: lucky:47.1520 profit:  212.33823588 bal:6389.50985346 n:589  4615.14842352
24   2013-10-04 05:08:04 #151919268: 6389.50987008 @ 95.81% hi: lucky:98.4443 profit:  212.73911449 bal:6602.24898457 n:625  4827.88755463
25   2013-10-04 05:11:39 #151923159: 6602.24886053 @ 95.95% hi: lucky:34.1439 profit:  209.86825940 bal:6812.11711993 n:682  5037.75568999
26   2013-10-04 05:14:24 #151926184: 6812.11702310 @ 96.04% hi: lucky:09.6031 profit:  209.95278458 bal:7022.06980768 n:685  5247.70837774
27   2013-10-04 07:22:09 #152097271: 7016.28891331 @ 96.2%  hi: lucky:03.5475 profit:-7016.28891331 bal:   0.00000000 n:748 -1768.58056457

[RoverTron]

For me the best way to gambling is betting on sports. If you follow teams, you know that they are surely win (there is never 100% guarantee , but it's better way than roulette etc.). You can try onehash.com. They got good rates. Some of them are unique. ^^

[Xenoph0bia]

I don't think that gambling can be profitable in long term. You can win some money for 2 - 3 times out of 10 time but most of the time you will loose your money, its very difficult to predict the result in gambling. In the long run people always loose their money so its better to play just for fun and make sure that you are not addicted to the gambling.

[seoincorporation]

I think it can be but not for all. To do it you must be good in the business, for example, you can read about poker and with some games you will get experience and become good as poker gambler, become good mean win more than lose and there is when the gambler start making profit from gambling.