Can gambling be profitable in long term ?

[kostya.ash]

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.

so if we just play gambling on sports bet its can be profitable long term, because sport betting is not just on luck right ?

[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.

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

Its true because every person will changing their luck by playing it again and again. It is like wheel sometimes you are down and sometimes you are up so if you stop when you are lose that means you stop your chance for being back on top that is why they keep on playing until they recover their loss

[ranochigo]

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.

so if we just play gambling on sports bet its can be profitable long term, because sport betting is not just on luck right ?

It is on both. Keep in mind that the payout of sports gambling is much lower for those who have a higher odds of winning and at times, they lose and it would take several bets to recover your loss. In the long run, you would lose out. Hence, the existence of sites for people to sports bet.

[Coef]

For luck-based games with negative EV, it is possible, in the sense that chance is nonzero, for you to be able to get a profit in long term, but the chance gets smaller and smaller quickly when you play more as your total profit will get closer and closer to the EV.

For example, if you make just one x2 bet on PD, you will have 49.5% chance to have a profit.
If you flat bet 1000 bets, you will have 36.3944% chance to have a profit (ie. winning more than 500 of those 1000 bets).
If you flat bet 10000 bets, the chance will become 15.6236%.
If you flat bet 100000 bets, it will become 0.0774%.


For skill-based games, well if you are very good at the games like those top poker players, it is reasonable for you to get a consistent profit over time provided that you have a good bankroll management.

[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.

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

Its true because every person will changing their luck by playing it again and again. It is like wheel sometimes you are down and sometimes you are up so if you stop when you are lose that means you stop your chance for being back on top that is why they keep on playing until they recover their loss

yeas but who would say that you are now on the top of the wheel or in the middle ? it is just not answerable. I have seen people with 50+ coins in profit's on PD and still make an alt account top gamble what are you gonna say about them ?

[BTCevo]

Even all gamblers knows that it is not profitable to play for long term, still they want to try.
This is called challenging the reality of gambling world.
And the main cause of this is when luck take side to you.
If that happen it will trigger the "greed" that just inside the gamblers body and then the next part will be lossing.
Precautions can be made by controlling it but it's really hard if luck is always at your side.

Every single person sure need to face some challange in this world. The problem is how can you win that challange, and every risk sure you have a chance to get big result so why not to try it to make some big changes in your life?

[davinchi]

Even all gamblers knows that it is not profitable to play for long term, still they want to try.
This is called challenging the reality of gambling world.
And the main cause of this is when luck take side to you.
If that happen it will trigger the "greed" that just inside the gamblers body and then the next part will be lossing.
Precautions can be made by controlling it but it's really hard if luck is always at your side.

Every single person sure need to face some challange in this world. The problem is how can you win that challange, and every risk sure you have a chance to get big result so why not to try it to make some big changes in your life?

facing challenge may make life more interesting but the real problem with gambling is losing the money. But in long run people are good enough to make profits on they get trained and turned professional gambler. But that's not possible for all the gamblers as they do not focus on learning skills rather only profits.

[Eastwind]

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.

If a game has a specific trick to win and it is known to many people, then casinos will not off this game. Casinos will not lose.

[n2004al]

No one can be profitable for ever in gambling

I am right now profitable in my poker + sportsbook gambling. I may not be profitable forever but atleast right now im in profit. Some people can get profit if they know how to do it correctly

What does  it mean to be correct in betting or playing poker? There are rules that must be followed or strategies than make you win? How time have you in betting and sport gambling? How is the time in profit during all this time? Can you be fair in your answers?

Yes, I might not die today but I may die tomorrow. Therefore, I may win today and I might lose tomorrow. Hence, on the long run we will all be dead.

For sure that you will not die today. Why must do this? You are winner in gambling. And when someone is winner in gambling is in the sky. Not under the ground. The problem is when you are in loss.

But why you didn't answered to my questions? You may write what you want and me the same. But in this way everyone of us will be considered not normal from those who read our posts. For example I don't understand why your don't answer to my questions? Seems strange to me. You don't want to discover your secrets in gambling?

i think there are some statistics and strategies or skills to win most of the time in betting
but they are useless for slots ,dice etc.. i think he meant to say that people can win sometimes ,its not impossible.

Yes along with skill set required games, gamblers may win some profits in long run. It means if the gamble does not require any luck but requires some skill set applying then it's possible to win in long run. So, gambling would be profitable in long run.

You make me smile with your comments. Everyone can tell what he want and everyone can make what he want. But telling that gamble does not require any luck but requires some skills and that with those skills would be profitable in long run mean that or you don't know what is a casino, what is gambling, what does it mean gamble, or that you want to seems smart to your girlfriend telling that I am independent and original in my thoughts, or you have really big problems in understanding even the most simple things and lessons of the life.

Even the most "professional" gambler accept that gambling is even luck. He tell even (in most of cases) that can be strategies to win but in long term the casino win. So everyone must be careful in managing every situation. You are the first who tell that gambling is not luck (absolutely not, according to you) and that with some skill (not to many but only some) you can win in lung run.

The only thing that I can tell in your situation is: poor your family and poor your lovers for you and your mind. Telling that you are underdeveloped mentally it will be on offense and I will not tell this. But if you will be my son, or brother, or my cousin the first thing I will do it will be the find of a very good doctor to take care about you.

[Heutenamos]

                                                        _

You make me smile with your comments. Everyone can tell what he want and everyone can make what he want. But telling that gamble does not require any luck but requires some skills and that with those skills would be profitable in long run mean that or you don't know what is a casino, what is gambling, what does it mean gamble, or that you want to seems smart to your girlfriend telling that I am independent and original in my thoughts, or you have really big problems in understanding even the most simple things and lessons of the life.

Even the most "professional" gambler accept that gambling is even luck. He tell even (in most of cases) that can be strategies to win but in long term the casino win. So everyone must be careful in managing every situation. You are the first who tell that gambling is not luck (absolutely not, according to you) and that with some skill (not to many but only some) you can win in lung run.

The only thing that I can tell in your situation is: poor your family and poor your lovers for you and your mind. Telling that you are underdeveloped mentally it will be on offense and I will not tell this. But if you will be my son, or brother, or my cousin the first thing I will do it will be the find of a very good doctor to take care about you.

maybe he is speaking of sports betting etc... of course if you are super skilled in soccer or cricket gambling then you can get profit's in the long term as well....but still Luck has a role in it ,but quite low.

[n2004al]

                                                        _

You make me smile with your comments. Everyone can tell what he want and everyone can make what he want. But telling that gamble does not require any luck but requires some skills and that with those skills would be profitable in long run mean that or you don't know what is a casino, what is gambling, what does it mean gamble, or that you want to seems smart to your girlfriend telling that I am independent and original in my thoughts, or you have really big problems in understanding even the most simple things and lessons of the life.

Even the most "professional" gambler accept that gambling is even luck. He tell even (in most of cases) that can be strategies to win but in long term the casino win. So everyone must be careful in managing every situation. You are the first who tell that gambling is not luck (absolutely not, according to you) and that with some skill (not to many but only some) you can win in lung run.

The only thing that I can tell in your situation is: poor your family and poor your lovers for you and your mind. Telling that you are underdeveloped mentally it will be on offense and I will not tell this. But if you will be my son, or brother, or my cousin the first thing I will do it will be the find of a very good doctor to take care about you.

maybe he is speaking of sports betting etc... of course if you are super skilled in soccer or cricket gambling then you can get profit's in the long term as well....but still Luck has a role in it ,but quite low.

First, he is speaking for gambling and not for the things you are mentioning. Gambling in total and not gambling in some areas. Second, even in the areas your are talking about there are not any skill except knowledges about the capacity of various teams. This can be understand easily seeing various classifications of these teams in their area of playing. Seeing the classification is not a skill but only a reading. Third, even if someone have these "big skills" no one is secure that will win. Some times the teams which are low in classification win against big teams. And it was enough to make only one big bet in such kind of matches to lose not only all your earnings but even your money. And normally in such matches the amount played are big in order to win something important because the coefficients for the big teams are very low (it is waited that these big teams win easily). So the probability to lose to much money are big. To not tell when is attempted to bet for the team less strong in order to win much money (the coefficients for these team are high). In these cases the loss of money are secure because the win of those teams are very rare.

But it is not the problem. The very big problem is that him probably have even the minimum of the knowledges about gambling. Its words are extremely stupid and naive. He want to give thoughts but tell strange things. Who convince someone which have even the minimum of the knowledges in gambling to smile when read that he has write. To deny the luck in gambling it is the same like to tell that someone can have the maximum of votes at school without reading nothing about what him were asked.

[MR.Seller]

                                                        _

You make me smile with your comments. Everyone can tell what he want and everyone can make what he want. But telling that gamble does not require any luck but requires some skills and that with those skills would be profitable in long run mean that or you don't know what is a casino, what is gambling, what does it mean gamble, or that you want to seems smart to your girlfriend telling that I am independent and original in my thoughts, or you have really big problems in understanding even the most simple things and lessons of the life.

Even the most "professional" gambler accept that gambling is even luck. He tell even (in most of cases) that can be strategies to win but in long term the casino win. So everyone must be careful in managing every situation. You are the first who tell that gambling is not luck (absolutely not, according to you) and that with some skill (not to many but only some) you can win in lung run.

The only thing that I can tell in your situation is: poor your family and poor your lovers for you and your mind. Telling that you are underdeveloped mentally it will be on offense and I will not tell this. But if you will be my son, or brother, or my cousin the first thing I will do it will be the find of a very good doctor to take care about you.

maybe he is speaking of sports betting etc... of course if you are super skilled in soccer or cricket gambling then you can get profit's in the long term as well....but still Luck has a role in it ,but quite low.

First, he is speaking for gambling and not for the things you are mentioning. Gambling in total and not gambling in some areas. Second, even in the areas your are talking about there are not any skill except knowledges about the capacity of various teams. This can be understand easily seeing various classifications of these teams in their area of playing. Seeing the classification is not a skill but only a reading. Third, even if someone have these "big skills" no one is secure that will win. Some times the teams which are low in classification win against big teams. And it was enough to make only one big bet in such kind of matches to lose not only all your earnings but even your money. And normally in such matches the amount played are big in order to win something important because the coefficients for the big teams are very low (it is waited that these big teams win easily). So the probability to lose to much money are big. To not tell when is attempted to bet for the team less strong in order to win much money (the coefficients for these team are high). In these cases the loss of money are secure because the win of those teams are very rare.

But it is not the problem. The very big problem is that him probably have even the minimum of the knowledges about gambling. Its words are extremely stupid and naive. He want to give thoughts but tell strange things. Who convince someone which have even the minimum of the knowledges in gambling to smile when read that he has write. To deny the luck in gambling it is the same like to tell that someone can have the maximum of votes at school without reading nothing about what him were asked.

I agree, or in simplest way to understand some of all in these thread they always telling that you cannot win in long run. or chance of loosing is higher than winning. Some they just go with the flow which is, if people post like that every body will post same but change the sentence. hehehe

[Betwrong]

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.

If a game has a specific trick to win and it is known to many people, then casinos will not off this game. Casinos will not lose.

Yes, of course, but until the time the trick is known to many people you can exploit it, well, theoretically. Personally I don't believe you can find a way to make gambling profitable in long term, but people have the right to have their hopes.

[leex1528]

                                                        _

You make me smile with your comments. Everyone can tell what he want and everyone can make what he want. But telling that gamble does not require any luck but requires some skills and that with those skills would be profitable in long run mean that or you don't know what is a casino, what is gambling, what does it mean gamble, or that you want to seems smart to your girlfriend telling that I am independent and original in my thoughts, or you have really big problems in understanding even the most simple things and lessons of the life.

Even the most "professional" gambler accept that gambling is even luck. He tell even (in most of cases) that can be strategies to win but in long term the casino win. So everyone must be careful in managing every situation. You are the first who tell that gambling is not luck (absolutely not, according to you) and that with some skill (not to many but only some) you can win in lung run.

The only thing that I can tell in your situation is: poor your family and poor your lovers for you and your mind. Telling that you are underdeveloped mentally it will be on offense and I will not tell this. But if you will be my son, or brother, or my cousin the first thing I will do it will be the find of a very good doctor to take care about you.

maybe he is speaking of sports betting etc... of course if you are super skilled in soccer or cricket gambling then you can get profit's in the long term as well....but still Luck has a role in it ,but quite low.

I would argue that sports betting is even harder than playing dice.  In dice you have a set house edge that you know you can lose at.  In sports betting you have PROFESSIONALS basically picking lines to make it so you don't win.  Good luck with those odds.

[Inkvor]

                                                        _

You make me smile with your comments. Everyone can tell what he want and everyone can make what he want. But telling that gamble does not require any luck but requires some skills and that with those skills would be profitable in long run mean that or you don't know what is a casino, what is gambling, what does it mean gamble, or that you want to seems smart to your girlfriend telling that I am independent and original in my thoughts, or you have really big problems in understanding even the most simple things and lessons of the life.

Even the most "professional" gambler accept that gambling is even luck. He tell even (in most of cases) that can be strategies to win but in long term the casino win. So everyone must be careful in managing every situation. You are the first who tell that gambling is not luck (absolutely not, according to you) and that with some skill (not to many but only some) you can win in lung run.

The only thing that I can tell in your situation is: poor your family and poor your lovers for you and your mind. Telling that you are underdeveloped mentally it will be on offense and I will not tell this. But if you will be my son, or brother, or my cousin the first thing I will do it will be the find of a very good doctor to take care about you.

maybe he is speaking of sports betting etc... of course if you are super skilled in soccer or cricket gambling then you can get profit's in the long term as well....but still Luck has a role in it ,but quite low.

I would argue that sports betting is even harder than playing dice.  In dice you have a set house edge that you know you can lose at.  In sports betting you have PROFESSIONALS basically picking lines to make it so you don't win.  Good luck with those odds.

yeah so those professionals are gonna profit in the long way ...and we not so skilled gamblers lose eventually.

[jpouza]

                                                        _

You make me smile with your comments. Everyone can tell what he want and everyone can make what he want. But telling that gamble does not require any luck but requires some skills and that with those skills would be profitable in long run mean that or you don't know what is a casino, what is gambling, what does it mean gamble, or that you want to seems smart to your girlfriend telling that I am independent and original in my thoughts, or you have really big problems in understanding even the most simple things and lessons of the life.

Even the most "professional" gambler accept that gambling is even luck. He tell even (in most of cases) that can be strategies to win but in long term the casino win. So everyone must be careful in managing every situation. You are the first who tell that gambling is not luck (absolutely not, according to you) and that with some skill (not to many but only some) you can win in lung run.

The only thing that I can tell in your situation is: poor your family and poor your lovers for you and your mind. Telling that you are underdeveloped mentally it will be on offense and I will not tell this. But if you will be my son, or brother, or my cousin the first thing I will do it will be the find of a very good doctor to take care about you.

maybe he is speaking of sports betting etc... of course if you are super skilled in soccer or cricket gambling then you can get profit's in the long term as well....but still Luck has a role in it ,but quite low.

I would argue that sports betting is even harder than playing dice.  In dice you have a set house edge that you know you can lose at.  In sports betting you have PROFESSIONALS basically picking lines to make it so you don't win.  Good luck with those odds.

Sportsbook is so much more fun and strategic, you must know what you are doing and apply your knowledges to win some cash.

[Aemon]

I think you can be profitable from sports books but I think it takes a lot of hard work and knowledge of the game that your are betting on.  It can be done though!

[MR.Seller]

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.

If a game has a specific trick to win and it is known to many people, then casinos will not off this game. Casinos will not lose.

Yes, of course, but until the time the trick is known to many people you can exploit it, well, theoretically. Personally I don't believe you can find a way to make gambling profitable in long term, but people have the right to have their hopes.

You can find a way to win but before you can find it. You earn lots of lose its the same lose always win when it comes to gambling. Even if you have good instict you will never win in gambling site

[fullypak]

I think you can be profitable from sports books but I think it takes a lot of hard work and knowledge of the game that your are betting on.  It can be done though!

Yes I to agree at some extent one can make some money from sports bettings compared to dice game gambling. But even any one have full knowledge about the game can't win always because due to some unexpected things can happen in sports and one can lose money. So any kind of gambling one need to have a some luck to win.

[Battareus]

You can develop your own win strategy. But you need to follow this, but when luck comes mind is out and you start to lose. So hard to be sober with luck.