Can gambling be profitable in long term ?

[FanEagle]

And remember, even if you win a lot, take breaks... it's good to feel satisfied, as long you aren't greedy.

[DevSoft]

In my experience you can WIN. I play in local (Real-Life) Casinos sometimes, and in total I am in profit, have won about 100 EUR more than I have lost.

[futurebit640]

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.

I agree your point but I feel still betting in sports in quite easier if you know good about player and game. Unless the matches are fixed then no one can do any think otherwise you can guess who can win but some times last minute it match will turn then that is the part of betting. I'm good in guessing cricket matches but other matches not so good

[Erza]

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.

I dont think sport betting really hard to play, you just need to gather more information about their last match, mostly you will win. I ever saw someone bet 25btc and win it so sport betting is not based on luck games but about how much information that you get the higher chance you will get

[Pursuer]

in my experience you can't earn a profit from gambling, especially in long term.
although it is possible to get lucky and gain a big profit on your bet in short term but as I look at my totals (I mean total amount that I have gambled and the total amount that I have won so far) I find out that I have lost more that I have won in the end.

[bitgolden]

in my experience you can't earn a profit from gambling, especially in long term.
although it is possible to get lucky and gain a big profit on your bet in short term but as I look at my totals (I mean total amount that I have gambled and the total amount that I have won so far) I find out that I have lost more that I have won in the end.

May be the experience of your environment suggested not profitable situations. But I have seen many successful gamblers who make their living just from gambling. Bitcoin has given a new boost to gambling world, so people find more easy way of fun filled gambling for their living.

[BTCevo]

And remember, even if you win a lot, take breaks... it's good to feel satisfied, as long you aren't greedy.

Its hard to stop when people are winning, they will think that they are in luck mode so they wont even stop until they really loss  . Most people are always like that, so in the end they will lose it without even know it

[MinerHQ]

And remember, even if you win a lot, take breaks... it's good to feel satisfied, as long you aren't greedy.

Its hard to stop when people are winning, they will think that they are in luck mode so they wont even stop until they really loss  . Most people are always like that, so in the end they will lose it without even know it

Yes when one in a winning spirit difficult stop them and those times they won't even take any advices as well but they will stop and take advices when they lose almost everything.

[eyeknock]

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

As always its depends on lucky and how good you are, for example if you are playing poker i think this is a 50/50 between lycky vs how good you are.

So IMHO ofc you can win that ammount of money and much more if you have a good day , is not the first time that i see that someone do it.

[jpouza]

The answer is simple:

Gambling can make you a homeless man in the long run  

[joksim299]

The answer is simple:

Gambling can make you a homeless man in the long run  

You may get lucky and win life-changing money, like Mega Moolah jackpot of 12,000,000$.

[Blawpaw]

If Gambling wasn't profitable on the long run, how do you think that professional gamblers would survive. The truth is that gambling is a very risky activity and the ones who manage to live professionally by being a gambler have their own strategies. And even the most skillful gambler loses sometimes!

[Betwrong]

If Gambling wasn't profitable on the long run, how do you think that professional gamblers would survive. The truth is that gambling is a very risky activity and the ones who manage to live professionally by being a gambler have their own strategies. And even the most skillful gambler loses sometimes!

I have my theory: those gamblers (not all of them of course, but a large part of them) have infinite supply of money from their relatives who work at Government institutions stealing money and taking bribes. So such "gambler" can lose 20k then win 5k and then say "I've won 5k", because he can afford to not give a slightest f*** about those 20k lost.

Hence the legends about "professionals" who make a good living from gambling only. So it's more like a money laundering than gambling.

As I said, not all of them are like this, but I think most of them.

[Phildo]

If Gambling wasn't profitable on the long run, how do you think that professional gamblers would survive. The truth is that gambling is a very risky activity and the ones who manage to live professionally by being a gambler have their own strategies. And even the most skillful gambler loses sometimes!

I have my theory: those gamblers (not all of them of course, but a large part of them) have infinite supply of money from their relatives who work at Government institutions stealing money and taking bribes. So such "gambler" can lose 20k then win 5k and then say "I've won 5k", because he can afford to not give a slightest f*** about those 20k lost.

Hence the legends about "professionals" who make a good living from gambling only. So it's more like a money laundering than gambling.

As I said, not all of them are like this, but I think most of them.

There are a lot less professional gamblers than you think and none of them are playing dice games or roulette or craps to make their living.

[lite]

If Gambling wasn't profitable on the long run, how do you think that professional gamblers would survive. The truth is that gambling is a very risky activity and the ones who manage to live professionally by being a gambler have their own strategies. And even the most skillful gambler loses sometimes!

Professional gamblers do not play game of chances instead they play game of skills like blackjack,poker etc..

[safari88]

I am not sure gambling will profitable the long-term, but I would lose everything as long as I play if I count I was a lot more to lose than to win  

[withche.07]

No, it is not sustainable income even if you are really talented and lucky.
You always need more guarenteed income from job or investments.

[bitgolden]

I am not sure gambling will profitable the long-term, but I would lose everything as long as I play if I count I was a lot more to lose than to win  

But you will get more experience over that game. Long term means we need to a single game for long term in order to gain knowledge over that game. So, long term playing a single game with very less bet amount will make you rich over time.

[fox19891989]

Gambling can be rich, I see some guys who use affiliate program are rich too, and without any risk, if your referrals lost money, you can get commissions from them, if they won, you just don't get money, but they may lose all in the future, so in the long run you can be profitable.

[Phildo]

I am not sure gambling will profitable the long-term, but I would lose everything as long as I play if I count I was a lot more to lose than to win  

But you will get more experience over that game. Long term means we need to a single game for long term in order to gain knowledge over that game. So, long term playing a single game with very less bet amount will make you rich over time.

No.

People play poker and bet sports forever and lose because they aren't smart enough to get better.

And no matter how many time you do it, you can't learn anything to beat games that have - expected value.