Can gambling be profitable in long term ?

[8Habits]

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.

I agree with sports betting. The reason being is that, if you know very well the team, coach, players of the team, and their opponents, then you have better chances of winning compared to slot machines and other online gambling. You should also need to learn how to control your bankroll though in order to not lose all your money in one setting.

[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.

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.

No one is lucky or unlucky by default, anyone can be lucky or unlucky in different periods of time. Since in gambling you can lose all your money even if you were lucky ten times in a row and then unlucky just once, wise people say that gambling can not be profitable in the long term.

[Ayiranorea]

Gambling can sure be profitable in the long run. Profit always accompanies the lucky people, so in the long run the one who has the willingness to learn and make new strategies will make a bigger and better profit. Hope to make a lucky day in the long run.

[marlboroza]

Gambling can sure be profitable in the long run. Profit always accompanies the lucky people, so in the long run the one who has the willingness to learn and make new strategies will make a bigger and better profit. Hope to make a lucky day in the long run.

Strategies won't raise your luck, and you can't really learn how to gamble unless you are playing poker. Otherwise it is always you against the house, and house has advantage over you.
That all doesn't mean you can't beat house in long run, but you have to be luckiest gambler ever.

[Shutup]

Gambling is not for a long term profit.Gambling is a game its either you can win or lose.But if you're a wise player dont play your capital,play your profit and save and keep it so that you will not be a loser.But if you invest your money in a big time gambling like casino your profit is gaining but if it is just a small time gambling its not for long term.

[Kotone]

Gambling is not for a long term profit.Gambling is a game its either you can win or lose.But if you're a wise player dont play your capital,play your profit and save and keep it so that you will not be a loser.But if you invest your money in a big time gambling like casino your profit is gaining but if it is just a small time gambling its not for long term.

Maybe you are right gambling is not good for long term , but if you limit your bet i think its good. When you win some money then try to save the half of it. Then the other half you will use  to play. A proper limitation and control to our bitcoin is kindly good enough for us to have a long term profit.

[iqlimasyadiqa]

Gambling can sure be profitable in the long run. Profit always accompanies the lucky people, so in the long run the one who has the willingness to learn and make new strategies will make a bigger and better profit. Hope to make a lucky day in the long run.

Strategies won't raise your luck, and you can't really learn how to gamble unless you are playing poker. Otherwise it is always you against the house, and house has advantage over you.
That all doesn't mean you can't beat house in long run, but you have to be luckiest gambler ever.

I do not think we can be sure luck is always accompanying. Luck is unpredictable and desirable. So in my opinion the advantage will not always be achieved when playing gambling, it might look silly to see someone get lucky all the time. Probably only a few percent. And you could have a huge risk when deciding to play gambling.

[nmaryrai]

Gambling is not for a long term profit.Gambling is a game its either you can win or lose.But if you're a wise player dont play your capital,play your profit and save and keep it so that you will not be a loser.But if you invest your money in a big time gambling like casino your profit is gaining but if it is just a small time gambling its not for long term.

Maybe you are right gambling is not good for long term , but if you limit your bet i think its good. When you win some money then try to save the half of it. Then the other half you will use  to play. A proper limitation and control to our bitcoin is kindly good enough for us to have a long term profit.

If i consider your statement, I think again. Thats true, limitation and control greatly affect our emotions while gambling. And that's the weakness of every gambler, including me (few years ago).

[GBaMiner]

Unlikely, because the game is not sustainable and not good at all, if you gamble few bitcents everyday then losing would equal +50% with the house edge over long term.
The house edge means even over the possible wins in short terms, in long term it would be a negative sum game.

[crairezx20]

Gambling is not for a long term profit.Gambling is a game its either you can win or lose.But if you're a wise player dont play your capital,play your profit and save and keep it so that you will not be a loser.But if you invest your money in a big time gambling like casino your profit is gaining but if it is just a small time gambling its not for long term.

Maybe you are right gambling is not good for long term , but if you limit your bet i think its good. When you win some money then try to save the half of it. Then the other half you will use  to play. A proper limitation and control to our bitcoin is kindly good enough for us to have a long term profit.

If i consider your statement, I think again. Thats true, limitation and control greatly affect our emotions while gambling. And that's the weakness of every gambler, including me (few years ago).

If you gamble you should know what will be happen since gambling are made for entertainment purposes you should just gamble for fun and if you gamble with hearth feelings and you lose you will came back to gamble again just to recover your loses or if you win huge profit greediness is one of the reason instead of making profit they are lose all he had..
So if you gamble don't gamble with hurt feelings just think that you gamble for fun..
Looks the owner of gambling casino they are making huge profit because they know people are greedy and the bad thing you can get you just waste time and lose money.. That is why  gambling is a good business and it can makes you profitable if you start a gambling business..

[erwin45hacked]

Unlikely, because the game is not sustainable and not good at all, if you gamble few bitcents everyday then losing would equal +50% with the house edge over long term.
The house edge means even over the possible wins in short terms, in long term it would be a negative sum game.

The chance for you to win is actually the same however in average most people lose in the long term. One thing for sure is that some people tried various method to win however none will help them to win. While in fact I suggest people to bet few times and see if luck actually strikes them , thats better than trying various strategy

[XiMiT]

The most reasonable answer would be no, the player, regardless of the game being dice, poker, sport betting and casino, all has some based house edge, taking a cut from the amount over long term and therefore if you aren't winning a very big number over LONG term, gambling would be a negative money sum game.

[bravehearth0319]

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

Anything is possible...so yes, it can.

But statistically...the chances, that it won't is probably much much bigger and probable.

Indeed,you are right! but not in gambling I think, maybe you only said that if someday the gambler will take the chance to win in the games then the amount of winning prize is so big, but it is only because of luck and it doesn't mean its a profit in a long term. Of course its not like that.

[bitbob82]

The most reasonable answer would be no, the player, regardless of the game being dice, poker, sport betting and casino, all has some based house edge, taking a cut from the amount over long term and therefore if you aren't winning a very big number over LONG term, gambling would be a negative money sum game.

but i think it is different from person to person, there may be good luck people and they may also have good experience in gambling and therefore they may be earning money from gambling just like other investment. and may be there are some people who cannot continue their success in gambling for a long time.

[sasaku bitbit]

Gambling is not for a long term profit.Gambling is a game its either you can win or lose.But if you're a wise player dont play your capital,play your profit and save and keep it so that you will not be a loser.But if you invest your money in a big time gambling like casino your profit is gaining but if it is just a small time gambling its not for long term.

Maybe you are right gambling is not good for long term , but if you limit your bet i think its good. When you win some money then try to save the half of it. Then the other half you will use  to play. A proper limitation and control to our bitcoin is kindly good enough for us to have a long term profit.

If i consider your statement, I think again. Thats true, limitation and control greatly affect our emotions while gambling. And that's the weakness of every gambler, including me (few years ago).

It is true that your opinion so if you're a wise player don't play your capital, Your profits and keep playing and keep it so that you won't be a loser. But if you invest your money in gambling big time like dice advantage you get but if it is just a small time gambling is not for long term

[killed]

No, because you will not always have a win every time you play gambling and that's why in gambling you will not be able to benefit in the long run. If you can not control yourself from gambling the result you will lose all your money.

[Capradina]

Gambling is not for a long term profit.Gambling is a game its either you can win or lose.But if you're a wise player dont play your capital,play your profit and save and keep it so that you will not be a loser.But if you invest your money in a big time gambling like casino your profit is gaining but if it is just a small time gambling its not for long term.

Maybe you are right gambling is not good for long term , but if you limit your bet i think its good. When you win some money then try to save the half of it. Then the other half you will use  to play. A proper limitation and control to our bitcoin is kindly good enough for us to have a long term profit.

If i consider your statement, I think again. Thats true, limitation and control greatly affect our emotions while gambling. And that's the weakness of every gambler, including me (few years ago).

Indeed a gambling has many risks that we have to think, because if we do not play correctly in gambling so the main thing we are going to get is a big loss. A strategy is absolutely essential for profit, because by thinking about the best strategy so the main thing will definitely be on the best thinking. A gambling comes from a very complex thing, which happens when can think well and do an analysis to get the best strategy
 

[thisappointed]

No, because you will not always have a win every time you play gambling and that's why in gambling you will not be able to benefit in the long run. If you can not control yourself from gambling the result you will lose all your money.

Yep, gambling is not profitable in the long run because we cannot be sure that we are going to win always in the game so it is best to just control our self in gambling so we can avoid getting too much losses and addiction but if you will build your own gambling site then I can say that gambling is profitable in the long term because having your won gambling sites will attract a lot of gamblers so it means profits .

[--DarkSecrets--]

No, because you will not always have a win every time you play gambling and that's why in gambling you will not be able to benefit in the long run. If you can not control yourself from gambling the result you will lose all your money.

Yep, gambling is not profitable in the long run because we cannot be sure that we are going to win always in the game so it is best to just control our self in gambling so we can avoid getting too much losses and addiction but if you will build your own gambling site then I can say that gambling is profitable in the long term because having your won gambling sites will attract a lot of gamblers so it means profits .

The real truth was a gambling is never become profitable in the long term unless you are so lucky .Too many people play gambling and i don't even heard a news if someone becomes rich by playing and betting. 
Having your own gambling sites also doesn't sure because of site malfunction or some systems bugs .but it is the only profitable way and it is not gambling ,it is called an investment.

[TheUltraElite]

Gambling can sure be profitable in the long run. Profit always accompanies the lucky people, so in the long run the one who has the willingness to learn and make new strategies will make a bigger and better profit. Hope to make a lucky day in the long run.

Gambling is not about strategy to win, in EV- games every strategy is a fail and you cant ever beat the house - because the odds are against you. In EV+ games the picture is a bit different because you skills and knowledge come into play and you might gain an edge over the other players. Though luck is always important which is why strategies always fail in EV- games.