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Author Topic: Everyone looses in the long run  (Read 96722 times)
SyGambler
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October 06, 2015, 04:22:10 AM
 #61

gambling can lead to a good living or very bad living , it depends on the player
there are smart gamblers who know what they are doing , just google about Phil Ivey gambling life ( not poker or sportsbetting )
you will see that he is smart as hell , he could turn -EV games into +EV using his brain , he was asking casino owners for example to give him 5 rooms in the hotel and let's say 10% lossback , after he made millions from them they realized that Ivey is having a huge edge

of course we are not even close to Ivey , but this may prove that the games depends mostly on the gamer
if the gambler is smart he should try to do what ivey did , or directly stick to poker only
thousands of people who are making living from gambling can't be fools
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October 06, 2015, 05:29:07 AM
 #62

all gambler will play in long run, its depend on the gambler if successful to win and not greedy,
in short time can stop and be a winner so wont lose Smiley

TheGr33k
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October 06, 2015, 05:48:02 AM
 #63

Gambling is like a circle, you start with 0 profit and keep on going around the circle and start earning profits and a time comes when you have some good amount of profit but you still want to complete the circle and you reach the same starting point where the profit comes back to 0 and if you keep on following the circle your loss increases Tongue Wink
coinplus
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October 06, 2015, 08:06:14 AM
 #64

I hear if you are capable to sustain for long run then we can start making profits, but this tread is saying totally reciprocal to my understanding. If you bet for small amount then you can get more chances, more chances means more time to test and get and idea of that game. This is the basics of long run. I do not know how long run hurts all the gamblers.
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October 06, 2015, 08:08:42 AM
 #65

If you know how to get a hold of your self while your are still winning then this (Everyone looses in the long run) will not happen to you.
Problem with some gamblers is they don't know how to control them selves. They don't know when to stop even if they hove no money to gamble.
electronicfactura
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October 06, 2015, 08:28:02 AM
 #66

When we talk in the long run I will do agree with those who say everyone looses.You need to be lucky each time you play which doesn't work always.When we say some players win but there can very few people and those can not represent majority which looses in the long run.
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October 06, 2015, 08:53:02 AM
 #67

I always set aside an amount of coins for gambling.
If I reach a certain amount that I need to stop because of loses, I stop, If I reach a certain amount of winnings I stop.
It's tempting to max out my wallet but I always say to my self there's always tomorrow.
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October 06, 2015, 09:06:03 AM
 #68

It's not necessarily true that everybody loses in the long run but the vast majority do.

Gambling should just be a hobby, don't wager too much, use it to have fun & don't take it too serious.

You win some, you lose some.

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October 06, 2015, 10:08:34 AM
 #69

I always set aside an amount of coins for gambling.
If I reach a certain amount that I need to stop because of loses, I stop, If I reach a certain amount of winnings I stop.
It's tempting to max out my wallet but I always say to my self there's always tomorrow.


I agree with the stop on loss, but why stop on winning? You could be limiting you winnings don't you think?
You could just keep going on winnings and stop if it changes direction. Like a trailing stop. I got that concept from trading which is pretty much like gambling and it worked for me.

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October 06, 2015, 01:49:45 PM
 #70

This is true for the vast majority. However, for a few people like Joca97, it is possible to win money slowly. It is important to be patient and not to rush when gambling.

     

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n2004al
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October 06, 2015, 01:54:32 PM
 #71

I always set aside an amount of coins for gambling.
If I reach a certain amount that I need to stop because of loses, I stop, If I reach a certain amount of winnings I stop.
It's tempting to max out my wallet but I always say to my self there's always tomorrow.


I can sure you that one day you will lose the control. Maybe after a big unexpected wining or big loss you will want more  or want that you have lost. Or even only simple for another reason. It will always a reason for this. After the loss of control no one can stop you until you will have empty your pockets.
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October 06, 2015, 02:39:56 PM
 #72

I always set aside an amount of coins for gambling.
If I reach a certain amount that I need to stop because of loses, I stop, If I reach a certain amount of winnings I stop.
It's tempting to max out my wallet but I always say to my self there's always tomorrow.


I can sure you that one day you will lose the control. Maybe after a big unexpected wining or big loss you will want more  or want that you have lost. Or even only simple for another reason. It will always a reason for this. After the loss of control no one can stop you until you will have empty your pockets.

"I can sure you that one day you will lose the control."

Maybe yes or maybe not.

For some people on a gambling games, they already make a lot mistakes from the past.

And after many times experienced lose self-controlled when lose the game.

I think, they will have good self-controlled habits, or maybe they will spend less time on gambling.

Regards, and have fun with your time.


Xenoph0bia
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October 06, 2015, 02:50:20 PM
 #73

Yes, people always looses in the long run and addicted to the gambling is not at all good for them. Gamblers are the same as alcoholics, they lie and cheat the people they love so that they can carry on with their addiction. It is a true addiction if he says it is his life. That means gambling comes before you and your family, some gamblers are so addicted that they couldn't see that only the bookie wins.
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October 06, 2015, 02:52:15 PM
 #74

Yes everyone and that is true.

There was a man who hit a big jackpot. He able to hit that within a short run. If all will experience this they will just say "Im lucky" so rather than stopping they continue because of "luck". Then eventually boom.
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October 06, 2015, 02:55:44 PM
 #75

Yes, people always looses in the long run and addicted to the gambling is not at all good for them. Gamblers are the same as alcoholics, they lie and cheat the people they love so that they can carry on with their addiction. It is a true addiction if he says it is his life. That means gambling comes before you and your family, some gamblers are so addicted that they couldn't see that only the bookie wins.

No wonder if there are many suicide case by gambler  Undecided
But to keep this happen, law enforcer and family are really hope for helping gambler to save him from depth
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October 06, 2015, 03:00:43 PM
 #76

Long run is not a thing for a looser. Even in short term if you go with out any preparation then loosing in gambling is an obvious thing. A calculated bet can make you to stay with gambling for long run. But making yourself into profitable side is purely based on your skill set.
BTCevo
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October 06, 2015, 04:28:44 PM
 #77

Gambling is like a circle, you start with 0 profit and keep on going around the circle and start earning profits and a time comes when you have some good amount of profit but you still want to complete the circle and you reach the same starting point where the profit comes back to 0 and if you keep on following the circle your loss increases Tongue Wink

I dont think this is how its works, yes sometimes you feel that you are in bottom and hope that you will end up winning and reach higher position but in the reality you wont even have a chance to reach higher because most people using big balance to reach higher meanwhile people that play using low balance will always in bottom
Dennis7777
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October 06, 2015, 10:56:05 PM
 #78

Gambling is like a circle, you start with 0 profit and keep on going around the circle and start earning profits and a time comes when you have some good amount of profit but you still want to complete the circle and you reach the same starting point where the profit comes back to 0 and if you keep on following the circle your loss increases Tongue Wink

I dont think this is how its works, yes sometimes you feel that you are in bottom and hope that you will end up winning and reach higher position but in the reality you wont even have a chance to reach higher because most people using big balance to reach higher meanwhile people that play using low balance will always in bottom

If you measure profit in absolute amount, then yes it is more likely for you to make a profit of 1 btc if you have a bankroll of 10 btc than 1 btc. But if you measure profit in %, then it is equally hard for you to get a 10% profit or to overcome a 5% loss regardless of your bankroll.

StevenLiang
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October 07, 2015, 03:54:19 AM
 #79

Gambling is like a circle, you start with 0 profit and keep on going around the circle and start earning profits and a time comes when you have some good amount of profit but you still want to complete the circle and you reach the same starting point where the profit comes back to 0 and if you keep on following the circle your loss increases Tongue Wink

I dont think this is how its works, yes sometimes you feel that you are in bottom and hope that you will end up winning and reach higher position but in the reality you wont even have a chance to reach higher because most people using big balance to reach higher meanwhile people that play using low balance will always in bottom

If you measure profit in absolute amount, then yes it is more likely for you to make a profit of 1 btc if you have a bankroll of 10 btc than 1 btc. But if you measure profit in %, then it is equally hard for you to get a 10% profit or to overcome a 5% loss regardless of your bankroll.

In my opinion, to get 10-15% profits from gambilng is quite easy.

The problem comes when someone want to double their money from 0.01 BTC to 1 BTC.

If we calculating in percentage, that is around
100% = 0.02
200% = 0.04
300% = 0.08
400% = 0.16
500% = 0.32
600% = 0.64
700% = 1.28 BTC

And that's why people always lose..
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October 07, 2015, 11:41:24 AM
 #80

if you are smart enough and you can calculate the possibilites on gambling ,maybe you can do the long run with profit , but its all depend on your luck , in my opinion long run just waste time, why we need to waste more time if we can know the result as fast as it possible? if im lose 1btc in short run , then lose , nothing to be worried , if i win then i just win , gambling is about your brain and your luckyness

LOL why bother to calculate hard mathematical equation and scientific calculation if all will depend on luck. Just bet and bet without strategy. Everyone knows that all gamblers will soon lost in the long run.
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