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Author Topic: Can gambling be profitable in long term ?  (Read 112186 times)
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December 11, 2015, 03:02:20 AM
 #921

It's possible. But it's not probable.
"You Asked For Change, We Gave You Coins" -- casascius
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December 11, 2015, 03:16:04 AM
 #922

If someone which follows the set of rules and be discipline enoff. Can people make 50-100 $ a day just gambling in online casino.....?
If you are lucky enough, then the answer is yes.
To be honest, I think no one can be profitable with gambling for long term. You will lose a lot compare to what you have win, unless you hit a jackpot or something. And you should know when to stop.

Life sucks.
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December 11, 2015, 07:58:16 AM
 #923

If someone which follows the set of rules and be discipline enoff. Can people make 50-100 $ a day just gambling in online casino.....?
If you are lucky enough, then the answer is yes.
To be honest, I think no one can be profitable with gambling for long term. You will lose a lot compare to what you have win, unless you hit a jackpot or something. And you should know when to stop.

It really depends on yourselves how can you control yourselves in playing it. No matter how unlucky you are you must ever win it although are not wina  jackpot but if you can manage it well you will sure get some profit and even you can do it long term
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December 11, 2015, 08:00:38 AM
 #924

No , never, never ever . you can win some when gambling for once or twice but when u play too much u will loose

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December 11, 2015, 09:11:41 AM
 #925

If someone which follows the set of rules and be discipline enoff. Can people make 50-100 $ a day just gambling in online casino.....?
If you are lucky enough, then the answer is yes.
To be honest, I think no one can be profitable with gambling for long term. You will lose a lot compare to what you have win, unless you hit a jackpot or something. And you should know when to stop.

Well, how do you think the professionals do it? They learned certain strategies to keep winning. With winning comes losses, you just need to know how to get back from the losses. If you're a regular gambler it's best to keep up with your winnings and losses that way you can see the progress you've made.

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December 11, 2015, 09:52:21 AM
 #926

If someone which follows the set of rules and be discipline enoff. Can people make 50-100 $ a day just gambling in online casino.....?
If you are lucky enough, then the answer is yes.
To be honest, I think no one can be profitable with gambling for long term. You will lose a lot compare to what you have win, unless you hit a jackpot or something. And you should know when to stop.

Well, how do you think the professionals do it? They learned certain strategies to keep winning. With winning comes losses, you just need to know how to get back from the losses. If you're a regular gambler it's best to keep up with your winnings and losses that way you can see the progress you've made.

So true the pros have lost a lot of games, but they also learn how to win when they are losing.
I wish I was that good in gambling, but yeah I prefer work and get bitcoins. And maybe play some gambling.
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December 21, 2015, 02:01:00 PM
 #927

For some people is profitable, because is ther job so yeah.
But better just work and earn your money that way.

From whom do you know you that? Cannot be never someone who can earn from gambling as make the people who work. The word "work" have nothing to do with gambling. Is the totally opposite of the first. Who work earn money. Who gamble lose money. Both action are sure and are so without doubt. The work make people to live their life in a healthy way. The gamble ruin the life of the gambler, of his family and even more. The good cannot be never bad. The white cannot be never black. And the gamble cannot be never work.
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December 21, 2015, 02:22:43 PM
 #928

So true the pros have lost a lot of games, but they also learn how to win when they are losing.
I wish I was that good in gambling, but yeah I prefer work and get bitcoins. And maybe play some gambling.
I rather call them experienced gambler than professional gambler, lol. Roll Eyes
You will need to have a lot of money in order to protect yourself from losing a lot. Working is better for you if you cannot afford to lose anything or prefer to earn money the classic way.

Life sucks.
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December 21, 2015, 02:46:11 PM
 #929

So true the pros have lost a lot of games, but they also learn how to win when they are losing.
I wish I was that good in gambling, but yeah I prefer work and get bitcoins. And maybe play some gambling.
I rather call them experienced gambler than professional gambler, lol. Roll Eyes
You will need to have a lot of money in order to protect yourself from losing a lot. Working is better for you if you cannot afford to lose anything or prefer to earn money the classic way.

Pretty much the same I just don't know some others factors that differentiate them. Both experienced and pro gamblers both have waiged a quiet big amount in their whole life of doing gambling. And overall, both of them already learn all the way to overcome and rides everytime they win or lose.

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December 21, 2015, 04:04:02 PM
 #930

For some people is profitable, because is ther job so yeah.
But better just work and earn your money that way.

From whom do you know you that? Cannot be never someone who can earn from gambling as make the people who work. The word "work" have nothing to do with gambling. Is the totally opposite of the first. Who work earn money. Who gamble lose money. Both action are sure and are so without doubt. The work make people to live their life in a healthy way. The gamble ruin the life of the gambler, of his family and even more. The good cannot be never bad. The white cannot be never black. And the gamble cannot be never work.

I think he means that work as a pro gambler, may be that is true that for some of them like pro will have gambling as their job to earn money but there is no way that can profit all the time but once they win may be it can help their living costs and everything.

I could not agree on that bolded part because there is no way people will keep on losing too, like you said white will never be black and the opposite too and this apply on bolded part too that not always people will keep on losing, the matter here is how long can you survive with all of your lose before you get your winning back
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December 21, 2015, 04:10:03 PM
 #931

well in gambling i believe that nearly anything can happen if you can be extremely lucky you might possibly win a lot of money if you can play smart gambling might be profitable in a long term for you
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December 21, 2015, 04:25:37 PM
 #932

In my case no, because I will just lose my money. For some people is profitable, because they know what they are doing and how to win every day. You can do it full time if you want, but just learn how the tricks are or other things.
Just don't be addicted to it when you are losing or winning.
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December 21, 2015, 09:18:21 PM
Last edit: December 21, 2015, 10:02:25 PM by HarryKPeters
 #933

In the end it is about luck & skill.
If you got both you may be part of the 0.01% who can make a living out of gambling.
The other 99.99 should only gamble for fun and entertainment.

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December 21, 2015, 10:04:15 PM
 #934

In the end it is about luck & skill.
If you got both you may be part of the 0.01% who can make a living out of gambling.
The other 99.9899% should only gamble for fun and entertainment.

Well said, i prefer gambling to be a fun thing, but if i had the skill set to live of it, i would do it without any hesitation.

These days gambling sites has become more professional and offering better games. However I am a black jack man and like the room based games, but some dice and slots are nice too.
But those games are soley games you play for luck, with blackjack + skill you can earn some good money.
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December 21, 2015, 11:45:51 PM
 #935

Honestly, I don't think so for the average person. If you are a professional and you understand what you are playing, the core elements and the essential vital components of the game to take advantage of the house, you will be profitable.There little reason why a casino would want to give you any advantage. A casino isn't there to lose their money, it's there to earn yours.  Grin
except you cant really take advantage of the house, that's why you dont see any professional slots players or anything. you can only take advantage of other players, in a game such as poker, where the game isnt designed to make you lose, and you can come out ahead with enough skill and experience in making the right calls.

Absolutely, every spin of a slot and every throw of a die has a negative expected value (-EV), but in poker, you have both -EV hands (which you fold) and +EV hands (which you raise).  If you always get an optimal value out of your +EV hands and always fold your -EV hands....you'll be a winner in the long run, mathematically.
that's not all thats involved in poker though, if it were that simple everyone would be a poker professional in a few days after picking up the game. poker is profitable after years of accumulated experience in reading and judging your opponent's hands as well, and those small decisions can make or break a player.
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December 22, 2015, 02:27:27 AM
 #936

Honestly, I don't think so for the average person. If you are a professional and you understand what you are playing, the core elements and the essential vital components of the game to take advantage of the house, you will be profitable.There little reason why a casino would want to give you any advantage. A casino isn't there to lose their money, it's there to earn yours.  Grin
except you cant really take advantage of the house, that's why you dont see any professional slots players or anything. you can only take advantage of other players, in a game such as poker, where the game isnt designed to make you lose, and you can come out ahead with enough skill and experience in making the right calls.

Absolutely, every spin of a slot and every throw of a die has a negative expected value (-EV), but in poker, you have both -EV hands (which you fold) and +EV hands (which you raise).  If you always get an optimal value out of your +EV hands and always fold your -EV hands....you'll be a winner in the long run, mathematically.
that's not all thats involved in poker though, if it were that simple everyone would be a poker professional in a few days after picking up the game. poker is profitable after years of accumulated experience in reading and judging your opponent's hands as well, and those small decisions can make or break a player.

i totally agree. what he said is way way way too simple. in fact, if he increase the bets, he is in higher risk to lose more cause those who follow have better cards. so it is more difficult to win.
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December 22, 2015, 02:31:18 AM
 #937

There's no rules/strategy that works against the house. Everything is completely random.

You can hit 40 reds on 2x. You can hit 100. you can even hit 1 million. Nothing is impossible.

That's why there's no working strategy(unless you have an infinite bankroll, which is impossible.)

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December 22, 2015, 02:37:25 AM
 #938

There's no rules/strategy that works against the house. Everything is completely random.

You can hit 40 reds on 2x. You can hit 100. you can even hit 1 million. Nothing is impossible.

That's why there's no working strategy(unless you have an infinite bankroll, which is impossible.)

there is strategy which can reduce the risk of losing but it is still lesser den 50%. even if you are given the house edge, you also can end up losing too. so it is still very luck base too. u can profit but it is not gonna be working in the long run.
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December 22, 2015, 04:27:19 AM
 #939

In the end it is about luck & skill.
If you got both you may be part of the 0.01% who can make a living out of gambling.
The other 99.9899% should only gamble for fun and entertainment.

Well said, i prefer gambling to be a fun thing, but if i had the skill set to live of it, i would do it without any hesitation.

These days gambling sites has become more professional and offering better games. However I am a black jack man and like the room based games, but some dice and slots are nice too.
But those games are soley games you play for luck, with blackjack + skill you can earn some good money.

Not only dice and slot are depends on luck blackjack is depends on luck too, without any luck you can't even win any gambling games. Although some people said that he is on to blackjack or poker they will lose too if there is no luck on them
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December 22, 2015, 04:38:57 AM
 #940

In the end it is about luck & skill.
If you got both you may be part of the 0.01% who can make a living out of gambling.
The other 99.9899% should only gamble for fun and entertainment.

Well said, i prefer gambling to be a fun thing, but if i had the skill set to live of it, i would do it without any hesitation.

These days gambling sites has become more professional and offering better games. However I am a black jack man and like the room based games, but some dice and slots are nice too.
But those games are soley games you play for luck, with blackjack + skill you can earn some good money.

Not only dice and slot are depends on luck blackjack is depends on luck too, without any luck you can't even win any gambling games. Although some people said that he is on to blackjack or poker they will lose too if there is no luck on them

Luck is a major component in blackjack but if you use poor strategy when to hit or stay, you will dramatically decrease the chances of beating the house.
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