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Author Topic: How much can you earn with gambling?  (Read 144953 times)
hua_hui
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October 26, 2015, 03:59:09 AM
 #481

at this point of time, i lose about 0.9btc through sport gambling. i dont think i can ever recover those bet unless i make some really huge bets and get lucky with those.

Don't think of recovering those lost bitcoins in one shot with huge bets because in gambling no guarantee you can win so it it better either you stop gambling if you think your not winning or still gamble with small amount for fun and in this process if you can recover you money then your lucky or just forget about you loses and move on with some other things.

yah that is what i am thinking too. i assigned 2btc for gambling and ready prepare to loss it all right at the start. but i am quite surprised to learn so many diff ways of betting after experience this and that. overall it is still a richful experience for me.
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October 26, 2015, 04:37:59 AM
 #482

that's the beauty of gambling..you can earn as much as you'd like

Of course you can earn as much as you like, but how much of it can you actually win and keep? With gambling, if you are playing a game with a house edge, you will eventually lose in the long term.

You can win alot as well because in every gambling there is a variance in every gambling so in a short term you maybe win like 100 fold of what you have so it is an easy way to make money if variance is with you

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October 26, 2015, 04:43:18 AM
 #483

You can earn loads and lose loads of money in gambling. I personally do not like gambling at all because the house has an edge and would win in the long term.

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October 26, 2015, 04:49:22 AM
 #484

You can earn loads and lose loads of money in gambling. I personally do not like gambling at all because the house has an edge and would win in the long term.

You can win in short term if you know how and lucky of course because there is variance. This is a mistake from people thinking that he will win in long term but it is not like that if you are playing a game with house edge.

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October 26, 2015, 07:57:00 AM
 #485

For short term, if we are lucky, we can win some thing. If we stop there, we will make some profit. If we continue to gamble, we will lose at the end.
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October 26, 2015, 08:03:56 AM
 #486

at this point of time, i lose about 0.9btc through sport gambling. i dont think i can ever recover those bet unless i make some really huge bets and get lucky with those.

Personally I'd rather not think recovering it cuz based on my experience,I just lose more whenever I wanna recover a big loss. My advice is just forget it in the meantime and just bet the normal way, you'll eventually recover your loss without knowing it Cheesy That quite helped me , hope the same with you Smiley

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October 26, 2015, 08:12:24 AM
 #487

For short term, if we are lucky, we can win some thing. If we stop there, we will make some profit. If we continue to gamble, we will lose at the end.

Yeah, but what if you are not lucky? What if you lose your first bet, say 0.1? Then the real hell starts when you try to recover, when you think "I just want my money back and then I quit". With that way of thinking you can lose all you have, borrow some and lose that too. ... So, yeah, you should never even try to make money from gambling.

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October 26, 2015, 08:16:13 AM
 #488

i dont intend to sopt gambling into every single site but the offers are tricky for gambling 49% to double 51% to lose all and the changes to earn money into long run are none soo never gamble any money you can afford to lose.
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October 26, 2015, 08:18:55 AM
 #489

The function of f(x) where f is a random function of gambling usually means that the domain of f(x) will always be equal to or above negative your maximum bankroll. (Disclaimer: function notation doesn't really apply here, but...)

Or in easier terms, you can lose all of your money or make an amount that tends towards infinity if you're able to. Smiley

But it's bad to think of how much you can "earn" from gambling. It's a negative EV game and should be played for fun.

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WEBcreator
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October 26, 2015, 08:52:13 AM
 #490

The function of f(x) where f is a random function of gambling usually means that the domain of f(x) will always be equal to or above negative your maximum bankroll. (Disclaimer: function notation doesn't really apply here, but...)

Or in easier terms, you can lose all of your money or make an amount that tends towards infinity if you're able to. Smiley

But it's bad to think of how much you can "earn" from gambling. It's a negative EV game and should be played for fun.

Not always. Sometimes the website owner make a + ev game so you will get profit but of course this is limited only. According to math then you will lose but variance can be such a bad ass in the game

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Erza
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October 26, 2015, 09:26:27 AM
 #491

at this point of time, i lose about 0.9btc through sport gambling. i dont think i can ever recover those bet unless i make some really huge bets and get lucky with those.

Don't think of recovering those lost bitcoins in one shot with huge bets because in gambling no guarantee you can win so it it better either you stop gambling if you think your not winning or still gamble with small amount for fun and in this process if you can recover you money then your lucky or just forget about you loses and move on with some other things.

Depends on what game you play, sometimes there are a winning guarantee match that you all in you will win it but if you dare to make that bet. Because I ever saw people bet 25 btc on 1 match and lead him to win a lot like 16 btc if I not mistaken. Yeah after recovering it you should not played it anymore or later you will regret it
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October 26, 2015, 09:32:18 AM
 #492

You can earn loads and lose loads of money in gambling. I personally do not like gambling at all because the house has an edge and would win in the long term.

This applies to the site of the dice, the owner of the house always wins and I love sports gambling, so it all depends on luck and knowledge Grin

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October 26, 2015, 02:24:32 PM
 #493

You can earn loads and lose loads of money in gambling. I personally do not like gambling at all because the house has an edge and would win in the long term.

This applies to the site of the dice, the owner of the house always wins and I love sports gambling, so it all depends on luck and knowledge Grin

Sports betting depends on the knowledge. What happens if the operator (participants) of the sports manipulate the results? Can you spot that? This is my main concern.
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October 26, 2015, 03:22:48 PM
 #494

Highest profit when I gamble on final world cup with directbet. I won about 7x from my initial bet and I feel regret since I just gamble about BTC 0.01

For short term, if we are lucky, we can win some thing. If we stop there, we will make some profit. If we continue to gamble, we will lose at the end.

My problem is when I must stop ( Greed sometimes take over me )
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October 26, 2015, 03:27:49 PM
 #495

i doubt that you can earn a lot with it because of house edge on the most gambling games

 
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October 26, 2015, 05:13:01 PM
 #496

There is no limit to what you CAN win from gambling.  There is a limit to what you can lose(everything you own).  Don't try and get rich from gambling, play it for fun and have rules and limits, you will be much more happy in the long run.
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October 26, 2015, 05:55:32 PM
 #497

There is no limit to what you CAN win from gambling.  There is a limit to what you can lose(everything you own).  Don't try and get rich from gambling, play it for fun and have rules and limits, you will be much more happy in the long run.

That is the right advice. Enjoy the gambling process is as important as winning in gambling. So the enjoyment is limitless.
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October 26, 2015, 06:04:58 PM
 #498

For short term, if we are lucky, we can win some thing. If we stop there, we will make some profit. If we continue to gamble, we will lose at the end.

I don't understand why gambling for short term ? There are many other ways to double your money legally/illegally but gambling.Gambling is totally based on luck and especially all these computer programs can have any twists in the game.Its better to gamble something else then on casino or dice games .Sports betting is fine as long as you have knowledge about the game and the players.
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October 26, 2015, 06:32:02 PM
 #499

I don't understand why gambling for short term ?

It is because in long term you will always lose as you are playing the house edge and with a short term you maybe will get lucky because of your own luck. In short term, some player have a huge variance and win alot but most people always continue and dont stop which is why they lose it
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October 26, 2015, 09:07:56 PM
 #500

I don't understand why gambling for short term ?

It is because in long term you will always lose as you are playing the house edge and with a short term you maybe will get lucky because of your own luck. In short term, some player have a huge variance and win alot but most people always continue and dont stop which is why they lose it

That isn't true at all.  In the long term, you are more likely to lose than win.  In the short term, you are also more likely to lose, but since it is a smaller subset you have a slightly higher chance to win. 
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