Can gambling be profitable in long term ?

[Ziskinberg]

It all depends on how lucky a person is, but do not expect a permanent profit from gambling as they are entertainment and carry more losses than profits.

Well it doesnt depend all on how lucky a person is. It is how disciplined he is or his knowing on his limits in gambling. Win a little, stop, try again next time.

Lucky is not at all, you have to stay strong too. When you see China is making a ridiculous law about banned Bitcoin but still let Chinese traders can trade bitcoin at Hong Kong , i already knew something happen . Whales are trying to swallow all of us who doesn't have balls.

Yes. There is no luck alone that leads you train to station. There must be some skills, workouts, intelligence and many other things that couples to make a strong base of success. As you said about China, exactly if you all leave on your luck then Chinese wouldn’t be able to work on bitcoins and their government writes a rebellion against bitcoin in their luck.

They can still find a way to play if they really want to play gambling using bitcoin, only exchanges are ban and there are other ways possible to obtain bitcoin and cash it out. The question is if we are profitable in the long run, I believe we can because it's possible but it's very evident that gambling sites are making enormous income and that means in my simple analyses that most gamblers are losing and only few are winning long term.

[SkyjetCrew]

Gambling can make a profit in the long term only if you invest in gambling sites. If you just play daily in anticipation of profit, then most likely all the money will be lost.

[fuer44]

no. if you think gambling can be profitable for long term then you are wrong. it is true that gambling can provide a great victory in a short time, but also can lose in a shorter time.

[CroDam]

I dont think so. If you already make some profit run away with gain

[Don Pedro Dinero]

It can be profitable in the long-term if:

1)   You play poker and other card games where you play against others.
2)   You are an expert in horse races.
3)   You are an expert in some other sports, use crossbetting and find betting sites that don’t ban you when they realize you are a winner.
4)   If you find errors in physical casino games. Like the roulette not being 100% completely flat and some numbers tending to appear more than others in the long term.

[JL421]

no earning profit from gambling for long run is really impossible especially if you are gambling on the same site if you switch sites there is a chance that you remain profitable. Investing in gambling site is always profitable in the long for sure

[JL421]

It totally depends on your luck, If you're lucky enough you might get a heck lot of profit in just a little time and if you're unlucky you'll lose the money you have. I dont recommend gambling at all.

Getting profit is totally impossible with gambling now no matter how big is your bankroll you will get a loss i would agree with you if you make profit in short term quit immediately don't continue but once you lose never return as there is no hope of winning again. Instead you can invest to recover your losses slowly

[marlboroza]

It can be profitable in the long-term if:
1)   You play poker and other card games where you play against others.
2)   You are an expert in horse races.
3)   You are an expert in some other sports, use crossbetting and find betting sites that don’t ban you when they realize you are a winner.
4)   If you find errors in physical casino games. Like the roulette not being 100% completely flat and some numbers tending to appear more than others in the long term.

1) I don't look at poker as a luck game, rather skill game(88% skill over luck)
2) I never heard of such gambler.
3) Only profitable betting is arbitrage, but there is risk that you will be caught and site will ban you and take your money.
4) Now, that is against every casino rules. If you do that casino will probably close your account and take all your funds.
And this with roulette is nonsense. I can assure you game is 100% based on luck. There is no pattern.

[Don Pedro Dinero]

It can be profitable in the long-term if:
1)   You play poker and other card games where you play against others.
2)   You are an expert in horse races.
3)   You are an expert in some other sports, use crossbetting and find betting sites that don’t ban you when they realize you are a winner.
4)   If you find errors in physical casino games. Like the roulette not being 100% completely flat and some numbers tending to appear more than others in the long term.

1) I don't look at poker as a luck game, rather skill game(88% skill over luck)
2) I never heard of such gambler.
3) Only profitable betting is arbitrage, but there is risk that you will be caught and site will ban you and take your money.
4) Now, that is against every casino rules. If you do that casino will probably close your account and take all your funds.
And this with roulette is nonsense. I can assure you game is 100% based on luck. There is no pattern.

1) I partially agree. I would say the % depends on the type of game you are playing.
2) I have.
3) In betting forums in my country I've seen people complaining of being banned from betting sites because they were having profits during a certain period of time.
4) No. It's not nonsense with roulette at all. You probably haven't heard of Pelayo's brothers, expert mathematicians, specialized in gambling. They were going around casinos all over the world and they realized that some roulettes have tiny imperfections so in the long term some numbers appeared more than others. They wrote the numbers that tend to appear more and when they knew what those were, they started betting. They became millionaires. When casinos realized what was happening, they banned them.

They took casinos to court because they were doing nothing illegal. They just observed roulettes and bet afterwards. I don’t know how that ended but I am pretty sure that at least the biggest casinos in the world have made sure that roulettes nowadays have no imperfections.

P.S: I have searched what happened in Court and Casinos were obliged to re-admit them. So, Casino’s rules can say whatever they want, if you realize there is an imperfection and start betting and making money thanks to that, they can’t ban you.

[jamids]

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

Maybe if you are disciplined enough but I don't know anyone who profit in gambling in the long run. The ones who profit in the long run in gambling are the casino owners and not the gamblers. You need luck to be profitable or if you really want to be profitable from it then you can try earning for the short term and then stop for a while to get out of the system of gambling always and then come back again if you feel that you are not emotional anymore in your previous gambling. You tend to lose your cool when you are having losing streaks and become over confident when you are winning always so to avoid this, you should have gambling breaks.

[bhadz]

no earning profit from gambling for long run is really impossible especially if you are gambling on the same site if you switch sites there is a chance that you remain profitable. Investing in gambling site is always profitable in the long for sure

Some gamblers are good with earning in gambling in the long run. Those who are used to lived with their lives and are depending with gambling. Also for those people that are in gambling investments, those are the ones who can make gambling as profitable source of income. But saying that gambling can be a profitable source of income in the long term this is a risky thing and it's only happening to a small percentage of gamblers.

[AnotherBTCNoob]

I'm paper trading a laying system currently. Laying the favourites in certain horse races and after some 5 weeks, I am at a fraction under 80% strike rate and very profitable. I will paper trade it for the remainder of this month and if current results continue, I will implement it in February.

[s0lidus]

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

At the time of this post it would be hard to make 50-100 $ a day just gambling, because Bitcoin and other coins weren't as valuable as now.

But at current rates I'd say yes, it's very possible to make that amount of money with gambling only. IF you have a large bankroll you can easily make 0.01 BTC a day with just a little patience. But the trick is to stay calm and not to rage.

[Wonder_woman]

I think gambling is not really profitable in the long run because, usually at the beginning you may win big amount already but in the long run or in the end you can end up loosing your money.  So if you are a gambler,  if you are already winning in the short run, you must stop it already don't be so greedy,  set some target and stop. 

[ELEL_ELEL]

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

Gambling is not for a long term profit, because you go only for winning and losing and you don't have the assurance to profit. Gambling is just a past time for fun but some get addicted to gambling.

[BlockEye]

no earning profit from gambling for long run is really impossible especially if you are gambling on the same site if you switch sites there is a chance that you remain profitable. Investing in gambling site is always profitable in the long for sure

Some gamblers are good with earning in gambling in the long run. Those who are used to lived with their lives and are depending with gambling. Also for those people that are in gambling investments, those are the ones who can make gambling as profitable source of income. But saying that gambling can be a profitable source of income in the long term this is a risky thing and it's only happening to a small percentage of gamblers.

I have knew a family before when I was young that really depends their life in gambling mostly in tong-its, a card game in my country, i don't how they made it but it does support therir children school but maybe it didn't last long since they decide to have a small store, so meaning long term gambling is quite impossible to happen especially if we depend our living in it.

[rollinlikey]

its possible but you must able to control your anger and greed

[bhadz]

no earning profit from gambling for long run is really impossible especially if you are gambling on the same site if you switch sites there is a chance that you remain profitable. Investing in gambling site is always profitable in the long for sure

Some gamblers are good with earning in gambling in the long run. Those who are used to lived with their lives and are depending with gambling. Also for those people that are in gambling investments, those are the ones who can make gambling as profitable source of income. But saying that gambling can be a profitable source of income in the long term this is a risky thing and it's only happening to a small percentage of gamblers.

I have knew a family before when I was young that really depends their life in gambling mostly in tong-its, a card game in my country, i don't how they made it but it does support therir children school but maybe it didn't last long since they decide to have a small store, so meaning long term gambling is quite impossible to happen especially if we depend our living in it.

It still depends on the gambling game of your choice. That game that the family you mentioned maybe aren't not that good enough to keep it or there's no more opponents to lose so their career to that game started to fade off. There are poker players up until now that are kicking and if you'll try to watch videos on youtube about the story of those gamblers that decided to dedicate their lives to gambling as a source of income or their job, some of them are successful today.

[justspare]

I think gambling is not really profitable in the long run because, usually at the beginning you may win big amount already but in the long run or in the end you can end up loosing your money.  So if you are a gambler,  if you are already winning in the short run, you must stop it already don't be so greedy,  set some target and stop. 

It is the fact in gambling. Every person keeps on trying his luck in gambling because they think that may one day come in their life when their luck will start working and they will make bigger amounts of money in shorter intervals of time but the only thing we can do to such is to give them advice. Such people should be counseled immediately before their problem of gambling becomes their permanent issue.

[oHnK]

It still depends on the gambling game of your choice. That game that the family you mentioned maybe aren't not that good enough to keep it or there's no more opponents to lose so their career to that game started to fade off. There are poker players up until now that are kicking and if you'll try to watch videos on youtube about the story of those gamblers that decided to dedicate their lives to gambling as a source of income or their job, some of them are successful today.

Becoming a gambler and treat it as a job will be the last thing that I will ever do because it is hard to win in gamble. It is better to just invest the money that we will use to play. If we do this then we are going to be getting alot more. It is not alot more than gambling but atleast our chances is better than just losing our money when we gamble