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Author Topic: Can gambling be profitable in long term ?  (Read 112191 times)
mrcash02
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November 27, 2016, 09:05:49 PM
 #2041

i'm a "the house always win" adopter.
i dont see it being profitable, yet, i do it as a hobby.

i do it for fun, not for profit. i'm sure there are a few successful gamblers even in the long term but definitely isn't easy.

If the house always win, make profit being at house's side, investing on their bankroll. It's not a lot of profit promises, but it's the only way to make profit on long term with gambling. You can play for fun and make some easy profit income at same time.  Smiley

 
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November 27, 2016, 10:10:30 PM
 #2042

It is profitable if you have a big capital. You can recover your losses if you have a big capital in gambling. You can endure many lossing streaks and won't lose easily from it. If you have big capitalcin gambling you must have a good discipline in terms of controling yourself when to stop when gambling.
No it is not, if you have a big bankroll you can play longer that is true and since you can play for longer periods of time you may get the impression that having a big bankroll helps you but eventually losses will begin to pile up and the same thing that happens to almost everyone in gambling will happen, you will lose money.
The bankroll mattes so having a good bankroll is good however you need to learn how to manage it properly. It's like being rich that became poor with lack of financial management. Everyone should understand that we are playing risk here and we could lose our wealth if we are not too careful.

managing your money in gambling is 10 times more important than having a big amount of money in gambling. you have to manage the bankroll in a way that you never bust out and that is the hard part otherwise anybody can come up with a large sum of money to gamble with and then lose it all.
That's correct and for gambler who want to win in the long run, he must have a good amount of bankroll and apply the conservative betting method. Betting like 3% of your bankroll is advisable and do not use martingale method and select the game where you think you have an edge.

Yes.  Bankroll management and game selection are the two key ingredients.  Choosing the right situation when the odds are in one's favor (+EV) and avoiding all situations where the odds are against one's favor (-EV) is key.  And, proper bankroll management reduces the effects of variance (losing steaks) which allows a player to stay in the game long enough to take advantage of the law of large numbers.
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November 27, 2016, 10:30:35 PM
 #2043

It is profitable if you have a big capital. You can recover your losses if you have a big capital in gambling. You can endure many lossing streaks and won't lose easily from it. If you have big capitalcin gambling you must have a good discipline in terms of controling yourself when to stop when gambling.
No it is not, if you have a big bankroll you can play longer that is true and since you can play for longer periods of time you may get the impression that having a big bankroll helps you but eventually losses will begin to pile up and the same thing that happens to almost everyone in gambling will happen, you will lose money.
The bankroll mattes so having a good bankroll is good however you need to learn how to manage it properly. It's like being rich that became poor with lack of financial management. Everyone should understand that we are playing risk here and we could lose our wealth if we are not too careful.

managing your money in gambling is 10 times more important than having a big amount of money in gambling. you have to manage the bankroll in a way that you never bust out and that is the hard part otherwise anybody can come up with a large sum of money to gamble with and then lose it all.
That's correct and for gambler who want to win in the long run, he must have a good amount of bankroll and apply the conservative betting method. Betting like 3% of your bankroll is advisable and do not use martingale method and select the game where you think you have an edge.

Yes.  Bankroll management and game selection are the two key ingredients.  Choosing the right situation when the odds are in one's favor (+EV) and avoiding all situations where the odds are against one's favor (-EV) is key.  And, proper bankroll management reduces the effects of variance (losing steaks) which allows a player to stay in the game long enough to take advantage of the law of large numbers.

All gambling is indeed only concerned about the defeat and victory. But I often see that they get a pretty big defeat than victory they think. So this all is something a problem to be solved in advance, after the problem is solved then what we will do in the bankroll then it won't end the same way as prior to bankroll management. So,. If you want to get something good then have to resolve problems that we haven't completed
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November 28, 2016, 04:35:42 PM
 #2044

It is profitable if you have a big capital. You can recover your losses if you have a big capital in gambling. You can endure many lossing streaks and won't lose easily from it. If you have big capitalcin gambling you must have a good discipline in terms of controling yourself when to stop when gambling.
No it is not, if you have a big bankroll you can play longer that is true and since you can play for longer periods of time you may get the impression that having a big bankroll helps you but eventually losses will begin to pile up and the same thing that happens to almost everyone in gambling will happen, you will lose money.
The bankroll mattes so having a good bankroll is good however you need to learn how to manage it properly. It's like being rich that became poor with lack of financial management. Everyone should understand that we are playing risk here and we could lose our wealth if we are not too careful.

managing your money in gambling is 10 times more important than having a big amount of money in gambling. you have to manage the bankroll in a way that you never bust out and that is the hard part otherwise anybody can come up with a large sum of money to gamble with and then lose it all.
That's correct and for gambler who want to win in the long run, he must have a good amount of bankroll and apply the conservative betting method. Betting like 3% of your bankroll is advisable and do not use martingale method and select the game where you think you have an edge.

Yes.  Bankroll management and game selection are the two key ingredients.  Choosing the right situation when the odds are in one's favor (+EV) and avoiding all situations where the odds are against one's favor (-EV) is key.  And, proper bankroll management reduces the effects of variance (losing steaks) which allows a player to stay in the game long enough to take advantage of the law of large numbers.

All gambling is indeed only concerned about the defeat and victory. But I often see that they get a pretty big defeat than victory they think. So this all is something a problem to be solved in advance, after the problem is solved then what we will do in the bankroll then it won't end the same way as prior to bankroll management. So,. If you want to get something good then have to resolve problems that we haven't completed

What kind of problem are you talking about? if you are talking about the certain losses that are made while betting and the unstable winnings of a certain person in gambling, I must tell you that gambling works that way, you can not control it, and the owners have some knowledge over it but have a random saying over it, cause it is all in fair randomness and gambling is a complete luck base only game!
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November 28, 2016, 05:28:55 PM
 #2045

i'm a "the house always win" adopter.
i dont see it being profitable, yet, i do it as a hobby.

i do it for fun, not for profit. i'm sure there are a few successful gamblers even in the long term but definitely isn't easy.

If the house always win, make profit being at house's side, investing on their bankroll. It's not a lot of profit promises, but it's the only way to make profit on long term with gambling. You can play for fun and make some easy profit income at same time.  Smiley

It takes only one person to come with a huge bankroll and have a little bit of luck and take away all the website's bankroll.. it happens pretty often in gambling, and if you're that unlucky to be exactly on that website.. your investment will be over sooner than you might have planned. Gambling isn't profitable in a long term and investing isn't either, in my honest opinion.

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November 29, 2016, 01:49:36 AM
 #2046

It is profitable if you have a big capital. You can recover your losses if you have a big capital in gambling. You can endure many lossing streaks and won't lose easily from it. If you have big capitalcin gambling you must have a good discipline in terms of controling yourself when to stop when gambling.
No it is not, if you have a big bankroll you can play longer that is true and since you can play for longer periods of time you may get the impression that having a big bankroll helps you but eventually losses will begin to pile up and the same thing that happens to almost everyone in gambling will happen, you will lose money.
The bankroll mattes so having a good bankroll is good however you need to learn how to manage it properly. It's like being rich that became poor with lack of financial management. Everyone should understand that we are playing risk here and we could lose our wealth if we are not too careful.

managing your money in gambling is 10 times more important than having a big amount of money in gambling. you have to manage the bankroll in a way that you never bust out and that is the hard part otherwise anybody can come up with a large sum of money to gamble with and then lose it all.
Managing our money is not only important in gambling but in every aspect of our lives, there are many persons that  received huge sums of money and squander it all for lack of money management skills.
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November 29, 2016, 02:42:42 AM
 #2047

It is profitable if you have a big capital. You can recover your losses if you have a big capital in gambling. You can endure many lossing streaks and won't lose easily from it. If you have big capitalcin gambling you must have a good discipline in terms of controling yourself when to stop when gambling.
No it is not, if you have a big bankroll you can play longer that is true and since you can play for longer periods of time you may get the impression that having a big bankroll helps you but eventually losses will begin to pile up and the same thing that happens to almost everyone in gambling will happen, you will lose money.
The bankroll mattes so having a good bankroll is good however you need to learn how to manage it properly. It's like being rich that became poor with lack of financial management. Everyone should understand that we are playing risk here and we could lose our wealth if we are not too careful.

managing your money in gambling is 10 times more important than having a big amount of money in gambling. you have to manage the bankroll in a way that you never bust out and that is the hard part otherwise anybody can come up with a large sum of money to gamble with and then lose it all.
Managing our money is not only important in gambling but in every aspect of our lives, there are many persons that  received huge sums of money and squander it all for lack of money management skills.
It's our responsibility to take care of our finances very well, your right, some people receive great income but due to their failure to manage their money still they are not living a comfortable life. My understanding of comfortable life, is when you do not have problem of money in the current situation and you are prepared for the future.

The only way that can be achieve is when you learn how to save, it's important for better future to paid for your unexpected expenses and to fund you future investment plan.

While gambling is still good only when the funds you allocate is on a little portion of your income, just to have entertainment ocassionally.

R


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November 29, 2016, 04:10:06 AM
 #2048

i'm a "the house always win" adopter.
i dont see it being profitable, yet, i do it as a hobby.

i do it for fun, not for profit. i'm sure there are a few successful gamblers even in the long term but definitely isn't easy.

If the house always win, make profit being at house's side, investing on their bankroll. It's not a lot of profit promises, but it's the only way to make profit on long term with gambling. You can play for fun and make some easy profit income at same time.  Smiley

It takes only one person to come with a huge bankroll and have a little bit of luck and take away all the website's bankroll.. it happens pretty often in gambling, and if you're that unlucky to be exactly on that website.. your investment will be over sooner than you might have planned. Gambling isn't profitable in a long term and investing isn't either, in my honest opinion.

I disagree, investing can be profitable in the long term especially if you are going to hold a lot of bitcoins in your cold storage and this has been proven by those early bitcoin adopters. And gambling is a fact that can't be profitable in the long term and the only one that will say this are the owners or operators of gambling sites.

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November 29, 2016, 05:18:41 AM
 #2049

i'm a "the house always win" adopter.
i dont see it being profitable, yet, i do it as a hobby.

i do it for fun, not for profit. i'm sure there are a few successful gamblers even in the long term but definitely isn't easy.

If the house always win, make profit being at house's side, investing on their bankroll. It's not a lot of profit promises, but it's the only way to make profit on long term with gambling. You can play for fun and make some easy profit income at same time.  Smiley

It takes only one person to come with a huge bankroll and have a little bit of luck and take away all the website's bankroll.. it happens pretty often in gambling, and if you're that unlucky to be exactly on that website.. your investment will be over sooner than you might have planned. Gambling isn't profitable in a long term and investing isn't either, in my honest opinion.

I disagree, investing can be profitable in the long term especially if you are going to hold a lot of bitcoins in your cold storage and this has been proven by those early bitcoin adopters. And gambling is a fact that can't be profitable in the long term and the only one that will say this are the owners or operators of gambling sites.
It can be profitable as it's possible to make money in gambling. However, this is not a good business for us if we intend to make money since the success rate is very low. It's advisable to do it for fun only to be able to appreciate gambling.

You do your legitimate business to make money and at the same time you can gamble for fun. It should be that way only.

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November 29, 2016, 05:22:10 AM
 #2050

i'm a "the house always win" adopter.
i dont see it being profitable, yet, i do it as a hobby.

i do it for fun, not for profit. i'm sure there are a few successful gamblers even in the long term but definitely isn't easy.

If the house always win, make profit being at house's side, investing on their bankroll. It's not a lot of profit promises, but it's the only way to make profit on long term with gambling. You can play for fun and make some easy profit income at same time.  Smiley

It takes only one person to come with a huge bankroll and have a little bit of luck and take away all the website's bankroll.. it happens pretty often in gambling, and if you're that unlucky to be exactly on that website.. your investment will be over sooner than you might have planned. Gambling isn't profitable in a long term and investing isn't either, in my honest opinion.

I disagree, investing can be profitable in the long term especially if you are going to hold a lot of bitcoins in your cold storage and this has been proven by those early bitcoin adopters. And gambling is a fact that can't be profitable in the long term and the only one that will say this are the owners or operators of gambling sites.

That's why investing in bankroll casino's are good to consider that can be profitable in the long run. But you are not gambling literally, but you are letting the gambling site work for your investments, but this is also risky because there are some people who are becoming lucky enough and hitting the jackpot for sometime.
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November 29, 2016, 06:01:05 AM
 #2051

i'm a "the house always win" adopter.
i dont see it being profitable, yet, i do it as a hobby.

i do it for fun, not for profit. i'm sure there are a few successful gamblers even in the long term but definitely isn't easy.

If the house always win, make profit being at house's side, investing on their bankroll. It's not a lot of profit promises, but it's the only way to make profit on long term with gambling. You can play for fun and make some easy profit income at same time.  Smiley

It takes only one person to come with a huge bankroll and have a little bit of luck and take away all the website's bankroll.. it happens pretty often in gambling, and if you're that unlucky to be exactly on that website.. your investment will be over sooner than you might have planned. Gambling isn't profitable in a long term and investing isn't either, in my honest opinion.

I disagree, investing can be profitable in the long term especially if you are going to hold a lot of bitcoins in your cold storage and this has been proven by those early bitcoin adopters. And gambling is a fact that can't be profitable in the long term and the only one that will say this are the owners or operators of gambling sites.

That's why investing in bankroll casino's are good to consider that can be profitable in the long run. But you are not gambling literally, but you are letting the gambling site work for your investments, but this is also risky because there are some people who are becoming lucky enough and hitting the jackpot for sometime.
All are possible in gambling and luck can make a difference, but as an investor you'll not consider that in your analyzing your chances to be profitable. The fact that you have the house advantage, it's something that would give you confidence that in the long run you are still gonna be successful.

Investing is gambling sites are not for short term but for long term.

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November 29, 2016, 06:04:12 AM
 #2052

i'm a "the house always win" adopter.
i dont see it being profitable, yet, i do it as a hobby.

i do it for fun, not for profit. i'm sure there are a few successful gamblers even in the long term but definitely isn't easy.

If the house always win, make profit being at house's side, investing on their bankroll. It's not a lot of profit promises, but it's the only way to make profit on long term with gambling. You can play for fun and make some easy profit income at same time.  Smiley

It takes only one person to come with a huge bankroll and have a little bit of luck and take away all the website's bankroll.. it happens pretty often in gambling, and if you're that unlucky to be exactly on that website.. your investment will be over sooner than you might have planned. Gambling isn't profitable in a long term and investing isn't either, in my honest opinion.

I disagree, investing can be profitable in the long term especially if you are going to hold a lot of bitcoins in your cold storage and this has been proven by those early bitcoin adopters. And gambling is a fact that can't be profitable in the long term and the only one that will say this are the owners or operators of gambling sites.

That's why investing in bankroll casino's are good to consider that can be profitable in the long run. But you are not gambling literally, but you are letting the gambling site work for your investments, but this is also risky because there are some people who are becoming lucky enough and hitting the jackpot for sometime.
Basically the only side that always provided profit almost sure in gambling is the casino owner yeaa.
And mathematically the investors will get profit too , so this is an obvious for casino investor to get profit than to gamble it by yourself.
The number of lucky player hit the jackpot and make casino bankroll drained is so low , dont worry.
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November 29, 2016, 07:40:01 AM
 #2053

Its not impossible but the chances are low since you are actually playing against chance because of the house edge. In short term you can profit if you leave early.
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November 29, 2016, 07:46:57 AM
 #2054

Its not impossible but the chances are low since you are actually playing against chance because of the house edge. In short term you can profit if you leave early.


A very low chance and that small chance is getting smaller the longer you play... In gambling sites with house edge, that's what will happen to you, you will earn at first and the longer you are there the smaller your chance to win is... When it comes to poker or any games  with player vs player, it's different, the more you play with the same player, the more you know their strategy, hence, it gives you an idea what's they are going to do next, again, not all the time you are playing with the same gambler.... Over all, it's not profitable, unless you already know that you are going to win, which is very impossible...  Smiley
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November 29, 2016, 08:41:36 AM
 #2055

Only certain games will let you have an edge and profit out of it. And these are usually playing against other players where you can use your skills to improve your chance of winning. So these games are sport betting or pokers.
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November 29, 2016, 08:56:24 AM
 #2056

Only certain games will let you have an edge and profit out of it. And these are usually playing against other players where you can use your skills to improve your chance of winning. So these games are sport betting or pokers.

Not sure about sports betting because ususally if you are betting on a strong team which has good chances to win they make it so your profit will be very small in case of winning compared to the amount you are risking. But I agree about the poker, you can really win some there if you have skills.

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November 29, 2016, 09:44:17 AM
 #2057

Only certain games will let you have an edge and profit out of it. And these are usually playing against other players where you can use your skills to improve your chance of winning. So these games are sport betting or pokers.

Not sure about sports betting because ususally if you are betting on a strong team which has good chances to win they make it so your profit will be very small in case of winning compared to the amount you are risking. But I agree about the poker, you can really win some there if you have skills.

Sports betting can be profitable in the long term depending on how deep is your knowledge for a certain sports and as well as the players and teams.

I can see also that playing poker can be profitable in the long term, I have some friends who are making thousands of bucks with poker.

By joining some poker real tournaments, I just don't know if they are also playing online poker but still they are good example of gambling that can be profitable in the long term.

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November 29, 2016, 10:32:49 AM
 #2058

The truth about gambling is you really can earn with it. Some people are making a living with gambling. You can call those people experts, being good in something can make you rich. What i mean is you really can profit in gambling if you are really good with the game you are playing at. Gaining experience will sometimes make you lose but it is is one of the step in becoming an expert. Someday you will analyze why did you lose and you will make a strategy with it.
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November 29, 2016, 10:41:46 AM
 #2059

If we only focus profit on the long term, let alone the gains was certainly we will stress, gambling is only a distraction, I will not use gambling for priority investments and moreover long term.

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November 29, 2016, 12:59:19 PM
 #2060

Only certain games will let you have an edge and profit out of it. And these are usually playing against other players where you can use your skills to improve your chance of winning. So these games are sport betting or pokers.

Not sure about sports betting because ususally if you are betting on a strong team which has good chances to win they make it so your profit will be very small in case of winning compared to the amount you are risking. But I agree about the poker, you can really win some there if you have skills.
by having a good bankroll management skill you will always could recovering all the lost bets in sports betting, this is not an easy job indeed , but always worth to the result that you can achieve yeah make money in the long run. there is a lot of professional sportsbettor have been proven they are able to win and get profit in the long run.

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