Can gambling be profitable in long term ?

[bajing]

So after reading this thread the first time back on Page 22 or something I've now tried to only live on gambling for the past 60 days. There's been some crazy ups and downs and an emotional rollercoaster. The Mrs. has not been too happy either.

I believe I've been earning around $150-$450 on a daily basis. Been betting on Sports & eSports and I've been playing a small amount of Casino & Poker.

I have some research and some complete numbers that I can share later on when I'm at my PC. If there would be any interest.

Conclusion: Can gambling be profitable in the long term? - Absoluteley. Is it fun? - Not really, a lot of stress and pressure with a lot of highs and lows throughout the day.

I guess the stress come from the wanting to win.  When we fail to predict the right outcome, it will become frustration or when we fail in our strategy to win the game.  Though I believe gambling is profitable to those who knows the in and out of gambling rules .  Though I think being the owner of a gambling casino can give you more chance of winning or get profit in long term.

Being an owner of a casino or a gambling website surely profits, if it has got a good development team as well has a funding team to popularize and the perfect calculation in odds to have a house edge will surely profit in the long run. Same time there are gambling websites that were much popular in the beginning and went bankrupt in a short. So gambling and owning gambling websites is profitable in the long run, if the person is good to learn from mistakes.

owning an online casino is much profitable in the long run than just being an ordinary gambler. online casino make a profit through the loses of the gamblers - there has to be a winner and a loser between the 2 but, the casino owners have their special weapon to secure profit at the end of the day and that weapon is what we called house edge advantage.

That's the way to play in the gambling world. We use logic, if casino owners do not get a profit in the long run, they can go bankrupt, and if they go broke, how can we gamble in the casino again? So we also should be grateful also with such conditions.

I think you have mistakenly have a mind like that way if we have such thoughts that it's means we already know that we will lose if gambling in a long term what for we're gamble. We do not have to think about whether the casino is profitable or not, because what we have to think about is how we can win at the casino.

[bhadz]

For me when I played into gambling since Last Year short term is most profitable. I experience if long term I got always lose of bitcoin, if played in short term I can experience of winning. Anyway in gambling it is luck and skills to in always winning.

In gambling you shouldn't make it a long term basis as you will mostly lose for doing this type of range. Trading is better when it comes to long term plans as there are coins that are pumping unexpectedly. If you are an investor to a casino bankroll and you will just let it stay there for long term it's also one way.

Investing in the casino bankroll is a long term method to earn some cash but the outcomes are very low compared to daily trading which can be much better. Trading is better than gambling - at least you can get an edge over the market if your targets are right. But in gambling no strategy works and every EV- game means a failed strategy.

Yes the outcome is low but if you are an investor and you've been investing in the long run. You will understand a little gain is still profit. I'm saying that you can maximize your time, actually you can do trading while you have investment on bankroll and you can do even more as you don't need to monitor it.

[Jasad]

So after reading this thread the first time back on Page 22 or something I've now tried to only live on gambling for the past 60 days. There's been some crazy ups and downs and an emotional rollercoaster. The Mrs. has not been too happy either.

I believe I've been earning around $150-$450 on a daily basis. Been betting on Sports & eSports and I've been playing a small amount of Casino & Poker.

I have some research and some complete numbers that I can share later on when I'm at my PC. If there would be any interest.

Conclusion: Can gambling be profitable in the long term? - Absoluteley. Is it fun? - Not really, a lot of stress and pressure with a lot of highs and lows throughout the day.

I guess the stress come from the wanting to win.  When we fail to predict the right outcome, it will become frustration or when we fail in our strategy to win the game.  Though I believe gambling is profitable to those who knows the in and out of gambling rules .  Though I think being the owner of a gambling casino can give you more chance of winning or get profit in long term.

Being an owner of a casino or a gambling website surely profits, if it has got a good development team as well has a funding team to popularize and the perfect calculation in odds to have a house edge will surely profit in the long run. Same time there are gambling websites that were much popular in the beginning and went bankrupt in a short. So gambling and owning gambling websites is profitable in the long run, if the person is good to learn from mistakes.

owning an online casino is much profitable in the long run than just being an ordinary gambler. online casino make a profit through the loses of the gamblers - there has to be a winner and a loser between the 2 but, the casino owners have their special weapon to secure profit at the end of the day and that weapon is what we called house edge advantage.

That's the way to play in the gambling world. We use logic, if casino owners do not get a profit in the long run, they can go bankrupt, and if they go broke, how can we gamble in the casino again? So we also should be grateful also with such conditions.

I think you have mistakenly have a mind like that way if we have such thoughts that it's means we already know that we will lose if gambling in a long term what for we're gamble. We do not have to think about whether the casino is profitable or not, because what we have to think about is how we can win at the casino.

It's just the way I think logically. And it seems like many gamblers already know that we will not be able to win in the long run. Yes, we will not be able to win in the long run, but that does not mean we can not win. We can always win, whenever we can always, only I say once again, will not be in the long term.

[moooonu]

Yes the outcome is low but if you are an investor and you've been investing in the long run. You will understand a little gain is still profit. I'm saying that you can maximize your time, actually you can do trading while you have investment on bankroll and you can do even more as you don't need to monitor it.

Gambling is never a good option to earn something. As you will win a little and loose alot in gambling. Try investing or trading rather than gambling.

[Smarty14392]

Gambling has never been profitable for me. All the time i invested in gambling, had a loss. I dont think gambling can make a long term profit. Gambling totally depends on luck or some TIPS. i left gambling a long back. Gambling cant be profitable. Gambling should be illelegal. I lost about 0.04 btc in gambling and then decided to leave gambling. Trading has always been profitable for me. ainvesting in trading is more profitable then gambling. if you dont want to loose your money, stay away from gamblingm This is my personal view about gamblingm i dont know what others think about gambling. You can continue gambling if you think its profitable for you. Profit for gambling depends on youm If you are a pro and have some experience about gambling, you can make some profit. Gambling is a total loss for newbies.

[Betwrong]

So after reading this thread the first time back on Page 22 or something I've now tried to only live on gambling for the past 60 days. There's been some crazy ups and downs and an emotional rollercoaster. The Mrs. has not been too happy either.

I believe I've been earning around $150-$450 on a daily basis. Been betting on Sports & eSports and I've been playing a small amount of Casino & Poker.

I have some research and some complete numbers that I can share later on when I'm at my PC. If there would be any interest.

Conclusion: Can gambling be profitable in the long term? - Absoluteley. Is it fun? - Not really, a lot of stress and pressure with a lot of highs and lows throughout the day.

Yes, of course this would be very interesting to see.

As far as I understand you are mostly winning during the past 60 days, and although I wish you good luck and all, I don't think we can call it a "long term".

A friend of mine was winning from $20k to $50k per year in poker in the course of several years but then he started losing from $20k to $30k per year according to him, and now he is undergoing treatment for gambling addiction.

I think only several years later we can say whether it was profitable or not.

Some people will win because if everyone lose then no one want to play again. I dont think that I am the person that will win someday even if I keep on playing that is why I only choose to play for fun right now because of that. I only lose a small amount everytime I play like this and I hope that I wont get addicted more than this

You are absolutely right in your approach to gambling. You know what, thinking that way you may even win big some time, but of course you shouldn't count on that because that's how people become addicted to gambling.

[crwth]

Gambling has never been profitable for me. All the time i invested in gambling, had a loss. I dont think gambling can make a long term profit. Gambling totally depends on luck or some TIPS. i left gambling a long back. Gambling cant be profitable. Gambling should be illelegal. I lost about 0.04 btc in gambling and then decided to leave gambling. Trading has always been profitable for me. ainvesting in trading is more profitable then gambling. if you dont want to loose your money, stay away from gamblingm This is my personal view about gamblingm i dont know what others think about gambling. You can continue gambling if you think its profitable for you. Profit for gambling depends on youm If you are a pro and have some experience about gambling, you can make some profit. Gambling is a total loss for newbies.

That's what you get for taking a risk, you should've accepted that when you made a deposit. It's really impossible to be always profitable in gambling. Maybe at one point where you won a jackpot, you are positive. Then next is another one. It's just like that, that's how gambling works. It's best like you said, is a loss for newbies. It's better to be doing your own thing and believe that you could earn.

[erwin45hacked]

That's what you get for taking a risk, you should've accepted that when you made a deposit. It's really impossible to be always profitable in gambling. Maybe at one point where you won a jackpot, you are positive. Then next is another one. It's just like that, that's how gambling works. It's best like you said, is a loss for newbies. It's better to be doing your own thing and believe that you could earn.

It is not impossible unless it is EV+ and the next thing that you need to learn is to know what does it mean for a game to be EV+. I doubt that alot of people wont know this, it is not a matter about winning jackpot because obviously jackpot just make the game to be less EV- but it will still be EV- because site needs to win

[Dontme]

I think gambling is not profitable in long term because its all about luck sometimes you win and sometimes you loose maybe you can win a one week streak but you can not really assure if you can still win in the coming day. And most gamblers end up loosing in the long run.

[jualidbitmixer]

So after reading this thread the first time back on Page 22 or something I've now tried to only live on gambling for the past 60 days. There's been some crazy ups and downs and an emotional rollercoaster. The Mrs. has not been too happy either.

I believe I've been earning around $150-$450 on a daily basis. Been betting on Sports & eSports and I've been playing a small amount of Casino & Poker.

I have some research and some complete numbers that I can share later on when I'm at my PC. If there would be any interest.

Conclusion: Can gambling be profitable in the long term? - Absoluteley. Is it fun? - Not really, a lot of stress and pressure with a lot of highs and lows throughout the day.

Agreed, Gambling can be profitable for sure in long term but your life will be a lot of stress because your money is on your hand and can easily gone or doubling. I'm sure many pro gamblers out there can earn a living by gambling, you need patience and good at bank roll management.

[TheUltraElite]

So after reading this thread the first time back on Page 22 or something I've now tried to only live on gambling for the past 60 days. There's been some crazy ups and downs and an emotional rollercoaster. The Mrs. has not been too happy either.

I believe I've been earning around $150-$450 on a daily basis. Been betting on Sports & eSports and I've been playing a small amount of Casino & Poker.

I have some research and some complete numbers that I can share later on when I'm at my PC. If there would be any interest.

Conclusion: Can gambling be profitable in the long term? - Absoluteley. Is it fun? - Not really, a lot of stress and pressure with a lot of highs and lows throughout the day.

I guess the stress come from the wanting to win.  When we fail to predict the right outcome, it will become frustration or when we fail in our strategy to win the game.  Though I believe gambling is profitable to those who knows the in and out of gambling rules .  Though I think being the owner of a gambling casino can give you more chance of winning or get profit in long term.

Being an owner of a casino or a gambling website surely profits, if it has got a good development team as well has a funding team to popularize and the perfect calculation in odds to have a house edge will surely profit in the long run. Same time there are gambling websites that were much popular in the beginning and went bankrupt in a short. So gambling and owning gambling websites is profitable in the long run, if the person is good to learn from mistakes.

owning an online casino is much profitable in the long run than just being an ordinary gambler. online casino make a profit through the loses of the gamblers - there has to be a winner and a loser between the 2 but, the casino owners have their special weapon to secure profit at the end of the day and that weapon is what we called house edge advantage.

That's the way to play in the gambling world. We use logic, if casino owners do not get a profit in the long run, they can go bankrupt, and if they go broke, how can we gamble in the casino again? So we also should be grateful also with such conditions.

Its not really that simple. Casino owners are businessmen and they understand the casino runs on people's ego and emotions. So they try to instigate the humiliation of players in such a manner that they start playing again. So as to milk out money from the players. Overall the profits made by the casino is several times the amount the lost by the casino. Most of the time the losses are regained by the house.

[doomloop]

I think gambling is not profitable in long term because its all about luck sometimes you win and sometimes you loose maybe you can win a one week streak but you can not really assure if you can still win in the coming day. And most gamblers end up loosing in the long run.

yes you are right gambling cannot be profitable in long term because in gambling winning always need a good luck and without good luck you cannot win in gambling and also in gambling you will not be sure that you will win or lose and if you win either twice or trice but after that when you continue gambling so there is always a possibility that you lose all your money which you have win, so i think gambling is only profitable in a very short term simply only at that time when you win.

[sasaku bitbit]

So after reading this thread the first time back on Page 22 or something I've now tried to only live on gambling for the past 60 days. There's been some crazy ups and downs and an emotional rollercoaster. The Mrs. has not been too happy either.

I believe I've been earning around $150-$450 on a daily basis. Been betting on Sports & eSports and I've been playing a small amount of Casino & Poker.

I have some research and some complete numbers that I can share later on when I'm at my PC. If there would be any interest.

Conclusion: Can gambling be profitable in the long term? - Absoluteley. Is it fun? - Not really, a lot of stress and pressure with a lot of highs and lows throughout the day.

Yes, of course this would be very interesting to see.

As far as I understand you are mostly winning during the past 60 days, and although I wish you good luck and all, I don't think we can call it a "long term".

A friend of mine was winning from $20k to $50k per year in poker in the course of several years but then he started losing from $20k to $30k per year according to him, and now he is undergoing treatment for gambling addiction.

I think only several years later we can say whether it was profitable or not.

Some people will win because if everyone lose then no one want to play again. I dont think that I am the person that will win someday even if I keep on playing that is why I only choose to play for fun right now because of that. I only lose a small amount everytime I play like this and I hope that I wont get addicted more than this

You are absolutely right in your approach to gambling. You know what, thinking that way you may even win big some time, but of course you shouldn't count on that because that's how people become addicted to gambling.

in my opinion the vast majority of people gambling enthusiast gamble says that gambling is a profitable thing in the long run because they get a big luck if it's going to be an immeasurably happiness but if you can't control yourself then it will happen something worst thing IE is losing everything I've owned

[wahb]

So after reading this thread the first time back on Page 22 or something I've now tried to only live on gambling for the past 60 days. There's been some crazy ups and downs and an emotional rollercoaster. The Mrs. has not been too happy either.

I believe I've been earning around $150-$450 on a daily basis. Been betting on Sports & eSports and I've been playing a small amount of Casino & Poker.

I have some research and some complete numbers that I can share later on when I'm at my PC. If there would be any interest.

Conclusion: Can gambling be profitable in the long term? - Absoluteley. Is it fun? - Not really, a lot of stress and pressure with a lot of highs and lows throughout the day.

Yes, of course this would be very interesting to see.

As far as I understand you are mostly winning during the past 60 days, and although I wish you good luck and all, I don't think we can call it a "long term".

A friend of mine was winning from $20k to $50k per year in poker in the course of several years but then he started losing from $20k to $30k per year according to him, and now he is undergoing treatment for gambling addiction.

I think only several years later we can say whether it was profitable or not.

Some people will win because if everyone lose then no one want to play again. I dont think that I am the person that will win someday even if I keep on playing that is why I only choose to play for fun right now because of that. I only lose a small amount everytime I play like this and I hope that I wont get addicted more than this

You are absolutely right in your approach to gambling. You know what, thinking that way you may even win big some time, but of course you shouldn't count on that because that's how people become addicted to gambling.

in my opinion the vast majority of people gambling enthusiast gamble says that gambling is a profitable thing in the long run because they get a big luck if it's going to be an immeasurably happiness but if you can't control yourself then it will happen something worst thing IE is losing everything I've owned

i think very little number of people may have the opinion that gambling in long term can be profitable, to me it can be true but in very rare cases, because for becoming successful in gambling you need to have good control over your emotion and greed, you need to have good experience and gambling skill. you need to know all the tricks in gambling, and the most important is that you must be  lucky person and only then you can become succeeded in long term gambling.

[gribble]

I think gambling is not profitable in long term because its all about luck sometimes you win and sometimes you loose maybe you can win a one week streak but you can not really assure if you can still win in the coming day. And most gamblers end up loosing in the long run.

Yep, the other problem on gambling games is there are no nice strategy, method or ways will be always win in gambling
play gambling to taking profit long time will be difficult as you said gambling is all about lucky,
gambling can be profitable in long term if we build projects of gambling games by our self, although it will not be easy
needs much money for it.

[J Gambler]

Gambling has never been profitable for me. All the time i invested in gambling, had a loss. I dont think gambling can make a long term profit. Gambling totally depends on luck or some TIPS. i left gambling a long back. Gambling cant be profitable. Gambling should be illelegal. I lost about 0.04 btc in gambling and then decided to leave gambling. Trading has always been profitable for me. ainvesting in trading is more profitable then gambling. if you dont want to loose your money, stay away from gamblingm This is my personal view about gamblingm i dont know what others think about gambling. You can continue gambling if you think its profitable for you. Profit for gambling depends on youm If you are a pro and have some experience about gambling, you can make some profit. Gambling is a total loss for newbies.

I think it depends in the people who are playing it. Many people out there have been lucky and skilled they have been winning very much, you need to limit youself to avoid losing too much, and avoid being greedy. It is profitable if you are not greedy and  if you are limiting yourself to the amount you have been invested.

[bhadz]

Yes the outcome is low but if you are an investor and you've been investing in the long run. You will understand a little gain is still profit. I'm saying that you can maximize your time, actually you can do trading while you have investment on bankroll and you can do even more as you don't need to monitor it.

Gambling is never a good option to earn something. As you will win a little and loose alot in gambling. Try investing or trading rather than gambling.

Just like what I said, the outcome will be low for being an investor to a good casino. And that is the good side of gambling, you can take the advantage of those popular casino's and join them add to their bankroll and in return you will receive some interest or profit that you will get depending on how much the site profited.

[TheUltraElite]

Gambling has never been profitable for me. All the time i invested in gambling, had a loss. I dont think gambling can make a long term profit. Gambling totally depends on luck or some TIPS. i left gambling a long back. Gambling cant be profitable. Gambling should be illelegal. I lost about 0.04 btc in gambling and then decided to leave gambling. Trading has always been profitable for me. ainvesting in trading is more profitable then gambling. if you dont want to loose your money, stay away from gamblingm This is my personal view about gamblingm i dont know what others think about gambling. You can continue gambling if you think its profitable for you. Profit for gambling depends on youm If you are a pro and have some experience about gambling, you can make some profit. Gambling is a total loss for newbies.

I think it depends in the people who are playing it. Many people out there have been lucky and skilled they have been winning very much, you need to limit youself to avoid losing too much, and avoid being greedy. It is profitable if you are not greedy and  if you are limiting yourself to the amount you have been invested.

There have been people who were very lucky and won jackpots - but many of them lost that money too because they could not stop gambling and eventually lost their money. So one can consider this as a marketing method of the casino owners to get addicts to play more and more and lose everything. If you are skilled, stop gambling when you win something big and not play again, ever again. That is the only way you can bank that cash.

[ethereumhunter]

Gambling has never been profitable for me. All the time i invested in gambling, had a loss. I dont think gambling can make a long term profit. Gambling totally depends on luck or some TIPS. i left gambling a long back. Gambling cant be profitable. Gambling should be illelegal. I lost about 0.04 btc in gambling and then decided to leave gambling. Trading has always been profitable for me. ainvesting in trading is more profitable then gambling. if you dont want to loose your money, stay away from gamblingm This is my personal view about gamblingm i dont know what others think about gambling. You can continue gambling if you think its profitable for you. Profit for gambling depends on youm If you are a pro and have some experience about gambling, you can make some profit. Gambling is a total loss for newbies.

I think it depends in the people who are playing it. Many people out there have been lucky and skilled they have been winning very much, you need to limit youself to avoid losing too much, and avoid being greedy. It is profitable if you are not greedy and  if you are limiting yourself to the amount you have been invested.

yes its true but if we compare with people which getting loss, its still bigger people with loss than people with win because gambling is not a source or a way to be profitable in long term. making a limit is a good advice for us so we know when we need to stop the games and not risk and losing our money in the same day.

[xIIImaL]

Gambling has never been profitable for me. All the time i invested in gambling, had a loss. I dont think gambling can make a long term profit. Gambling totally depends on luck or some TIPS. i left gambling a long back. Gambling cant be profitable. Gambling should be illelegal. I lost about 0.04 btc in gambling and then decided to leave gambling. Trading has always been profitable for me. ainvesting in trading is more profitable then gambling. if you dont want to loose your money, stay away from gamblingm This is my personal view about gamblingm i dont know what others think about gambling. You can continue gambling if you think its profitable for you. Profit for gambling depends on youm If you are a pro and have some experience about gambling, you can make some profit. Gambling is a total loss for newbies.

I think it depends in the people who are playing it. Many people out there have been lucky and skilled they have been winning very much, you need to limit youself to avoid losing too much, and avoid being greedy. It is profitable if you are not greedy and  if you are limiting yourself to the amount you have been invested.

Luck is not depending on people, it may fall on anyone. If you do gambling for long term you will loose the bitcoin from the wallet. Casino is the bad option to start the gambling career but sports betting will give a way to earn the bitcoin with your knowledge in sports such as football, rugby and so on.