Can gambling be profitable in long term ?

[CryptoBjorn]

If you are the casino owner you will

This is the reason why most people lose most of the time. The casino owner/house is already winning.
We win the small bets, they win the big bets.

[Dannie]

This is the reason why most people lose most of the time. The casino owner/house is already winning.
We win the small bets, they win the big bets.

Not really. No matter if the bets are big or small, the house is going to have the same edge. If players actually are supposed to win in the long term with small bets, every one would be making numerous small bets with autobetting.

[raaajlucky]

This is the reason why most people lose most of the time. The casino owner/house is already winning.
We win the small bets, they win the big bets.

Not really. No matter if the bets are big or small, the house is going to have the same edge. If players actually are supposed to win in the long term with small bets, every one would be making numerous small bets with autobetting.

But some houses can changes there program to win for them if bet is bigger than certain amount. I'm not saying all casinos are doing but some may be doing that.

[Dannie]

This is the reason why most people lose most of the time. The casino owner/house is already winning.
We win the small bets, they win the big bets.

Not really. No matter if the bets are big or small, the house is going to have the same edge. If players actually are supposed to win in the long term with small bets, every one would be making numerous small bets with autobetting.

But some houses can changes there program to win for them if bet is bigger than certain amount. I'm not saying all casinos are doing but some may be doing that.

If the dice site is provably fair, then players can jot down the server seed hash before playing and check if the house has done anything to modify the bet result.

[sukamasoto]

No, please just make gamble as your hobby or for entertainment dont make gamble into a lifestyle, gambling cant be profitable, you can easily lost thousand dollars in just few minutes,
and to make hundred dollars maybe you need months or even worse you will never make any profit from gambling

[Erza]

If you want to win big and constantly, you need to start a gambling business. No other way around. You cannot take a bigger cut of the gambling pie unless you are one of these companies. Even the most successful poker players and sports bettors cannot compete them in profitability.

That thing is easy to talk than do it. By opening some gambling business you need prepare so many thing, the most important is fund that you need in case people suddenly win big, you need to attract people by doing some promotions too. You really need so many things before you can make a gambling business too

[jpouza]

This is the reason why most people lose most of the time. The casino owner/house is already winning.
We win the small bets, they win the big bets.

Not really. No matter if the bets are big or small, the house is going to have the same edge. If players actually are supposed to win in the long term with small bets, every one would be making numerous small bets with autobetting.

But some houses can changes there program to win for them if bet is bigger than certain amount. I'm not saying all casinos are doing but some may be doing that.

If the dice site is provably fair, then players can jot down the server seed hash before playing and check if the house has done anything to modify the bet result.

I would say the same, provably fair is a must have for online gamblers, almost a requirement for serious players.

[Tavos]

They could if they are VERY lucky. It's very unlikely though. I have heard that some people who bet on sports make money off their bets if they are good at predicting, but most people aren't like that. Most of the time you make a small profit and then lose it all.

[Sourgummies]

Gambling does not equal spewing your money @dice and roulette.

Can it be profitable long term? Sure.

Lets say you flip a coin with your friend, and every time he wins - you pay him 1$, but if you win - he pays you 1$ and 10 cents. Does that qualify as gambling? Yes - there is a a) wager with a something of value 2) even with the uncertain outcome 3) prize

Why will it be profitable for you longterm in that example? Because odds are on your side.

So yes, certain types of gambling can be profitable longterm

And in this way, this is why gambling is profitable... for the house... if they have an edge.

Statistically, the only way you are able to profit from the whole topic of gambling is to be the owner of the casino and have it so that the odds are in your favor. Greed also helps you to keep it that way

[cjmoles]

Gambling does not equal spewing your money @dice and roulette.

Can it be profitable long term? Sure.

Lets say you flip a coin with your friend, and every time he wins - you pay him 1$, but if you win - he pays you 1$ and 10 cents. Does that qualify as gambling? Yes - there is a a) wager with a something of value 2) even with the uncertain outcome 3) prize

Why will it be profitable for you longterm in that example? Because odds are on your side.

So yes, certain types of gambling can be profitable longterm

Yes you can if the house edge is positive but your example doesnt exist in the world of gambling, house always have the edge on them to make sure you dont win in long term. In flip a coin game, each time you win you get 0.98 $ back and each time you lose you pay 1 % so in long run you will keep losing

It does exist in the real world: pocket AA against pocket KK...cha-ching, baby, the sound of money!  There are plenty of occasions where one might find themselves in a situation where they have the odds in their favor.  They just have to learn the math and be able to recognize the opportunity.  Avoid playing when your EV is negative and get it in good when your EV is positive....that's all.  Dice has a negative EV because of the house edge, enough said.

[erwin45hacked]

Gambling does not equal spewing your money @dice and roulette.

Can it be profitable long term? Sure.

Lets say you flip a coin with your friend, and every time he wins - you pay him 1$, but if you win - he pays you 1$ and 10 cents. Does that qualify as gambling? Yes - there is a a) wager with a something of value 2) even with the uncertain outcome 3) prize

Why will it be profitable for you longterm in that example? Because odds are on your side.

So yes, certain types of gambling can be profitable longterm

Yes you can if the house edge is positive but your example doesnt exist in the world of gambling, house always have the edge on them to make sure you dont win in long term. In flip a coin game, each time you win you get 0.98 $ back and each time you lose you pay 1 % so in long run you will keep losing

It does exist in the real world: pocket AA against pocket KK...cha-ching, baby, the sound of money!  There are plenty of occasions where one might find themselves in a situation where they have the odds in their favor.  They just have to learn the math and be able to recognize the opportunity.  Avoid playing when your EV is negative and get it in good when your EV is positive....that's all.  Dice has a negative EV because of the house edge, enough said.

You need to read more before you post up bullshit here, clearly you dont understand what you are talking about that is why you are making nonsense post here. Every gambling has negative expected value if you are playing at the house and not player to player game , not just dice

[kyrios_]

Maybe gambling can be profitable in short term (if you're a very lucky man) but surerly not in long term. Remember that with all of strategy that you want to use, from the other part casinò will always win !

Short term is also very unlikely, unless short term means 1 hour or so.
The luck factor is very important and you can't be lucky game after game. Even with some strategy you will see that you will lose in the end.
It's just how the game is designed.

Technically if you do want to beat the house, best chance is short term. In the long term, it will equal the house edge, in the short run, you can beat the house if you are lucky. I dont think my explanation was good haha. Oops kinda tired

[cjmoles]

Gambling does not equal spewing your money @dice and roulette.

Can it be profitable long term? Sure.

Lets say you flip a coin with your friend, and every time he wins - you pay him 1$, but if you win - he pays you 1$ and 10 cents. Does that qualify as gambling? Yes - there is a a) wager with a something of value 2) even with the uncertain outcome 3) prize

Why will it be profitable for you longterm in that example? Because odds are on your side.

So yes, certain types of gambling can be profitable longterm

Yes you can if the house edge is positive but your example doesnt exist in the world of gambling, house always have the edge on them to make sure you dont win in long term. In flip a coin game, each time you win you get 0.98 $ back and each time you lose you pay 1 % so in long run you will keep losing

It does exist in the real world: pocket AA against pocket KK...cha-ching, baby, the sound of money!  There are plenty of occasions where one might find themselves in a situation where they have the odds in their favor.  They just have to learn the math and be able to recognize the opportunity.  Avoid playing when your EV is negative and get it in good when your EV is positive....that's all.  Dice has a negative EV because of the house edge, enough said.

You need to read more before you post up bullshit here, clearly you dont understand what you are talking about that is why you are making nonsense post here. Every gambling has negative expected value if you are playing at the house and not player to player game , not just dice

You are absolutely correct.  When one bets against the house edge, they are playing with a negative expected value....always.  I wouldn't recommend playing against the house for long because the house will always win in the long run.  My example above was a poker example which some people still believe is a game of chance and not a game of skill.  Some people even think that poker is a form of gambling...lol!

[kyrios_]

Gambling does not equal spewing your money @dice and roulette.

Can it be profitable long term? Sure.

Lets say you flip a coin with your friend, and every time he wins - you pay him 1$, but if you win - he pays you 1$ and 10 cents. Does that qualify as gambling? Yes - there is a a) wager with a something of value 2) even with the uncertain outcome 3) prize

Why will it be profitable for you longterm in that example? Because odds are on your side.

So yes, certain types of gambling can be profitable longterm

Yes you can if the house edge is positive but your example doesnt exist in the world of gambling, house always have the edge on them to make sure you dont win in long term. In flip a coin game, each time you win you get 0.98 $ back and each time you lose you pay 1 % so in long run you will keep losing

It does exist in the real world: pocket AA against pocket KK...cha-ching, baby, the sound of money!  There are plenty of occasions where one might find themselves in a situation where they have the odds in their favor.  They just have to learn the math and be able to recognize the opportunity.  Avoid playing when your EV is negative and get it in good when your EV is positive....that's all.  Dice has a negative EV because of the house edge, enough said.

You need to read more before you post up bullshit here, clearly you dont understand what you are talking about that is why you are making nonsense post here. Every gambling has negative expected value if you are playing at the house and not player to player game , not just dice

You are absolutely correct.  When one bets against the house edge, they are playing with a negative expected value....always.  I wouldn't recommend playing against the house for long because the house will always win in the long run.  My example above was a poker example which some people still believe is a game of chance and not a game of skill.  Some people even think that poker is a form of gambling...lol!

so poker is not gambling?

[brianlee01]

Gambling does not equal spewing your money @dice and roulette.

Can it be profitable long term? Sure.

Lets say you flip a coin with your friend, and every time he wins - you pay him 1$, but if you win - he pays you 1$ and 10 cents. Does that qualify as gambling? Yes - there is a a) wager with a something of value 2) even with the uncertain outcome 3) prize

Why will it be profitable for you longterm in that example? Because odds are on your side.

So yes, certain types of gambling can be profitable longterm

Yes you can if the house edge is positive but your example doesnt exist in the world of gambling, house always have the edge on them to make sure you dont win in long term. In flip a coin game, each time you win you get 0.98 $ back and each time you lose you pay 1 % so in long run you will keep losing

It does exist in the real world: pocket AA against pocket KK...cha-ching, baby, the sound of money!  There are plenty of occasions where one might find themselves in a situation where they have the odds in their favor.  They just have to learn the math and be able to recognize the opportunity.  Avoid playing when your EV is negative and get it in good when your EV is positive....that's all.  Dice has a negative EV because of the house edge, enough said.

You need to read more before you post up bullshit here, clearly you dont understand what you are talking about that is why you are making nonsense post here. Every gambling has negative expected value if you are playing at the house and not player to player game , not just dice

You are absolutely correct.  When one bets against the house edge, they are playing with a negative expected value....always.  I wouldn't recommend playing against the house for long because the house will always win in the long run.  My example above was a poker example which some people still believe is a game of chance and not a game of skill.  Some people even think that poker is a form of gambling...lol!

so poker is not gambling?

Poker is gambling, you play with your money whether it is not gambling?. It was only opinion of people who do not know about poker or gambling.

[cjmoles]

You are absolutely correct.  When one bets against the house edge, they are playing with a negative expected value....always.  I wouldn't recommend playing against the house for long because the house will always win in the long run.  My example above was a poker example which some people still believe is a game of chance and not a game of skill.  Some people even think that poker is a form of gambling...lol!

so poker is not gambling?

I was being a bit facetious.  It really depends on how one plays.  Yes, one can always take gambles in poker...betting on draws and long shots for maximum return.  But, it's a hardly a gamble if one plays by the numbers when playing against opponents of a lesser skill set.

[Boosterious]

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

i think hardcore gambler can do that,because they have many strategy to won in gambling,and they of course have many funds. online casino is big bitcoin wave,yes you can lost and earn so many bitcoin there.

[Decoded]

No. If anyone says they have a surefire way of making profit, it's a scam, unless they've rigged the game in their favor. The house edge ensures that.

And poker can sometimes require skill, but can also be thrown with luck if you have an extremely good and rare hand.

[Gildarts]

its kinda impossible to win or make your bank roll +ev so don't gamble for livelihood make gamble as your hobby or for entertainment dont make gamble into a lifestyle, gambling cant be profitable, you can easily lost thousand dollars in just few minutes, and to make hundred dollars maybe you need months or even worse you will never make any profit from gambling.
Also don't gamble what you can't afford to  lose.

[bithasher]

No,gambling can not profitable in long term.A vast majority of the gamblers run out of funds even in short term.There are few persons who keep winning till some certain point.By the point of gambling business it is profitable in long term as house always win.