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Author Topic: Everyone looses in the long run  (Read 96722 times)
Betwrong
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October 04, 2015, 03:49:09 PM
 #41

"Everyone looses in the long run"

Of course it's true. But we all lose our lives in the long run too btw Smiley
So gamble for fun, and never bet more than you can afford to lose and everything will be just fine.

If you ask me how much is that what one can afford to lose, I'd say if you are gambling once per month you can afford to lose around 5% of your monthly income, not more.
Why is it true? There are other games appart from dice or roulette, if you play poker you are not going to lose in the long run if you know how to do it.

Yes, yes, you mean poker, black Jack right? I've heard many times about professional gamblers who are good at it. But have you met one in person? Because I've met some. And all of them are saying the same thing: when gambling if you are not losing much that's the best you can do.

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October 04, 2015, 03:56:02 PM
 #42

"Everyone looses in the long run"

Of course it's true. But we all lose our lives in the long run too btw Smiley
So gamble for fun, and never bet more than you can afford to lose and everything will be just fine.

If you ask me how much is that what one can afford to lose, I'd say if you are gambling once per month you can afford to lose around 5% of your monthly income, not more.
Why is it true? There are other games appart from dice or roulette, if you play poker you are not going to lose in the long run if you know how to do it.

Yes, yes, you mean poker, black Jack right? I've heard many times about professional gamblers who are good at it. But have you met one in person? Because I've met some. And all of them are saying the same thing: when gambling if you are not losing much that's the best you can do.

Disagree, I am sure the professionals who do this for a living and are making millions of dollars completely disagree as well.  The fact that there are people who play professional pretty much means not everyone loses.
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October 04, 2015, 04:01:21 PM
 #43

I do agree that everyone looses in the long run.It does not matter of professional or immature gambler.House always win in the long run everywhere whether it is online casino or offline (physical).When two professionals compete with each other there too only one of them wins.


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October 04, 2015, 04:23:21 PM
 #44

That's right, gambling is just for fun, the owner is build it for people who feel can always win on gambling, but in fact there are a nothing chance to always win and the owner is can earn profit from it.

If you have big enough bankroll and you know how to manage it you can make some cash from gambling.

Useless, you need big chance to win(your lucky level is must insane).
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October 04, 2015, 04:25:00 PM
 #45

I do agree that everyone looses in the long run.It does not matter of professional or immature gambler.House always win in the long run everywhere whether it is online casino or offline (physical).When two professionals compete with each other there too only one of them wins.

How can you possibly think that?  You know how many people are rich, or getting rich because of gambling, how many people have retired from gambling and are still rich?  Of course in a heads up game someone loses, but still they are up millions, if winning millions is losing, I want to lose.
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October 05, 2015, 02:50:26 AM
 #46

gambling in dice is a mathematique so you will lose in long run but in sport there is some match that will allways let you win but you just need to know how much you will bet for example a red card will let you lose you bet so don't bet full balance in one match.

There is no such thing as a match that will always let you win, yes you can profit from sports betting but you won't always win. As long as you win more than you lose, that is quite good already. Also, poker is possible to win in the long run too.
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October 05, 2015, 07:43:47 AM
 #47

First you should define what a long run is - it could be 1 day it could be 90 years and second if nobody ever won in the long run why people are still playing?
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October 05, 2015, 10:26:18 AM
 #48

Also you have to remember that even if a gambler wins 50% of the times and loses 50% of the time which is pretty much ideal, gambling site still wins largely by the mark up that it takes on betting odds.

For example you bet on the basketball game over/under 160 points and you will have odds 1.9 for over and 1.9 for under. This means that even if one customer loses and one wins, gambling site still have 10% of gain.
Yeah thats a good point. It prove us that the odds isnt made carelessly, where the gambling site usually making a precise calculation to determine the odds, so they could get profit from that.

First you should define what a long run is - it could be 1 day it could be 90 years and second if nobody ever won in the long run why people are still playing?
1 day could be a long run if you playing in dice site, it depends on how often do you gamble. And gambling is fun, thats why people still playing. If it isnt fun, surely there is nobody want to play.

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October 05, 2015, 10:32:24 AM
 #49

I think your problem is with the concept of gambling, and in the way you generalize. All types of gambling depends on luck, but some also depend on skill. And on that last type, the ones that depend on luck and skill, the importance on each factor varies from game to game.
Taking that in consideration, you can be a professional gambler in poker and sports betting at least. I don't think anyone can claim to be a professional gambler in pure casino games, like dice and roulette, so in those games I agree with you, but in poker and sports betting you are wrong, and there are plenty of known examples of professional gamblers in those type of games.

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October 05, 2015, 11:04:57 AM
 #50

Long run can happen in the end of current session because losing streak can happen at any time, i had this thing to me at many dice sites and other type of gambling games.
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October 05, 2015, 11:12:18 AM
 #51

First you should define what a long run is - it could be 1 day it could be 90 years and second if nobody ever won in the long run why people are still playing?

Yes that is long run gambling has different meaning for each person because it is much hard to stop when we are on winning streak.
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October 05, 2015, 01:47:40 PM
 #52

No no no, not everyone. What about the owners? Grin


if nobody ever won in the long run why people are still playing?

They expect to win in the short run or hit big and retire.
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October 05, 2015, 01:52:48 PM
 #53

First you should define what a long run is - it could be 1 day it could be 90 years and second if nobody ever won in the long run why people are still playing?

Yes that is long run gambling has different meaning for each person because it is much hard to stop when we are on winning streak.

Agreed. I think the hardest thing with gambling is that people are quite easily drawn in on bigger wins/streaks and they still remember those wins even when they are losings.

The losses are easily forgotten/overridden by a big win - unless it's huge!

I try not to gamble my BTC (more than a few £ or so) as my faucets depend on it.

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October 05, 2015, 01:57:02 PM
 #54

I do agree that everyone looses in the long run.It does not matter of professional or immature gambler.House always win in the long run everywhere whether it is online casino or offline (physical).When two professionals compete with each other there too only one of them wins.

So what is the point people that using gambling as finance gamble if in the end they will lose it? There are many people that use gambling as their own finance to feed his family and it seems that everything run well
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October 05, 2015, 08:17:28 PM
 #55

Agreed that everyone looses in the long run. I think gambling should be a hobby, something you do for fun. It's great when you win but you shouldn't gamble with amounts that you can't afford to lose. The only rule is to gamble responsibly & don't get yourself in financial trouble. people should know their limits when to stop and to prevent the possible loss.
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October 06, 2015, 01:33:49 AM
 #56

I guess gambling is designed like that. At first it will allow you to win, then when it sinked in to your emotions and on your succeeding bets you will start to lose and you feel can't stop until you get your money back. But there are people who do this for fun, they are the one's who have enough money to gamble. But for those who doesn't, they should know their limits or else they might end up empty handed every time they play.

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October 06, 2015, 01:40:11 AM
 #57

I guess gambling is designed like that. At first it will allow you to win, then when it sinked in to your emotions and on your succeeding bets you will start to lose and you feel can't stop until you get your money back. But there are people who do this for fun, they are the one's who have enough money to gamble. But for those who doesn't, they should know their limits or else they might end up empty handed every time they play.

Yes I think most of the gamblers will have a same thinking that at the beginning some how they will win and when they continue with same intention of winning then they start losing money but what I know is people want to take back their losses from where they lost it. In the process of recovery they may lose more so it is better to put a break at some point instead continue betting until can loss every thing.
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October 06, 2015, 02:13:17 AM
 #58

Everybody has their own choice whenever to gamble or not since we all can read that don't gambling more than you can afford to lose , when learned math on Chance subject said that when you gambling , you will loss more than you can win

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October 06, 2015, 02:15:29 AM
 #59

I do agree that everyone looses in the long run.It does not matter of professional or immature gambler.House always win in the long run everywhere whether it is online casino or offline (physical).When two professionals compete with each other there too only one of them wins.

So what is the point people that using gambling as finance gamble if in the end they will lose it? There are many people that use gambling as their own finance to feed his family and it seems that everything run well

Some people who use gambling as their main source of income are either really skilled or really dumb. Those people who use gambling as a source of income, are usually professionals, so while they will lose they won't lose all of their finances. Gambling probably shouldn't be regarded as a source of income for the average person, as you will probably lose more than you can win.
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October 06, 2015, 02:49:34 AM
 #60

I do agree that everyone looses in the long run.It does not matter of professional or immature gambler.House always win in the long run everywhere whether it is online casino or offline (physical).When two professionals compete with each other there too only one of them wins.

Its why every game in the gambling industry is a form of a illusion to make you play their rigged rules.

You win anytime of their games youre officially going to be coming back. Hence the illusion part where they think they will win again.
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