Bitcoin Forum
June 10, 2024, 10:14:09 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 2 3 4 5 6 7 8 9 [10] 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 ... 140 »
  Print  
Author Topic: Everyone looses in the long run  (Read 96724 times)
jpouza
Legendary
*
Offline Offline

Activity: 2716
Merit: 1116


View Profile
October 15, 2015, 01:35:00 PM
 #181

For people to truly understand this loss in the long run thing , one must experienced it to fully know the output of doing gambling for a long run.

Long run means long and painful death, nobody gets rich gambling.
bitsat alien
Full Member
***
Offline Offline

Activity: 121
Merit: 100


View Profile
October 17, 2015, 02:50:29 AM
 #182

When gambling remember: don't think at it as an income it's just a game, if you lose don't look for recover your losses you can lose more
StevenLiang
Full Member
***
Offline Offline

Activity: 168
Merit: 100



View Profile
October 17, 2015, 03:37:31 AM
 #183

For people to truly understand this loss in the long run thing , one must experienced it to fully know the output of doing gambling for a long run.

Long run means long and painful death, nobody gets rich gambling.

In long run, no one will win with the odds. Except they play small form their bankroll.
Either in sportbooks, dice, casino and poker. Bankroll management is crucial aspect.

mtnsaa
Legendary
*
Offline Offline

Activity: 1568
Merit: 1000


View Profile
October 17, 2015, 03:38:03 AM
Last edit: October 20, 2015, 03:15:04 PM by mtnsaa
 #184

I do agree that the house edge always gets you, now I'm not a gambler at all however in my early years I used to go to a local casino for half an hour and win around $15-30-50 a day. It was in an electronic type roulette. I swear I somehow learned a pattern where certain numbers kinda started to fall which eventually lead to me betting on number zero and win big.

The moral of the story is that, while I did this for a month or so and I was very disciplined (cashing out after I hit 0 or other number), one night I thought I was invincible and started playing BlackJack because I wanted more. I think I loss 30-40% of my winnings so far in that one night. So even if you somehow manage to get good in a game, a bad streak or a bad decision will take it all away eventually. The casino knows that when you win, you will come back to lose it all sooner or later.

I know what you are wondering, so why don't you just kept playing on the roulette? I did for a little while, but they eventually closed it and then later upgraded it for a new one. There was no pattern to learn on this one...  Cry
pjsonowal
Sr. Member
****
Offline Offline

Activity: 350
Merit: 250



View Profile
October 17, 2015, 04:01:43 AM
 #185

Exactly... Everyone looses in long run.... A win for sometime doesnt guarantees you that will win later bets too... The basic way to continue in long run is to keep changing the strategies you use..

Light
Hero Member
*****
Offline Offline

Activity: 742
Merit: 502


Circa 2010


View Profile
October 17, 2015, 04:22:40 AM
 #186

For people to truly understand this loss in the long run thing , one must experienced it to fully know the output of doing gambling for a long run.

Long run means long and painful death, nobody gets rich gambling.

In long run, no one will win with the odds. Except they play small form their bankroll.
Either in sportbooks, dice, casino and poker. Bankroll management is crucial aspect.

I would contest poker and sportsbooks. Both are possible to profit off in the long term as in a majority of cases you are playing against other bettors and not the house. The house takes a cut and no risk - so if you're better than your opponents you can win. Of course being good enough to win and cover the cut the house takes isn't easy and hence you rarely hear of people who actually do come out ahead.
Heutenamos
Hero Member
*****
Offline Offline

Activity: 812
Merit: 1000


Act #Neutral,Think y'self as a citizen of Universe


View Profile
October 17, 2015, 06:26:08 AM
 #187

The basic way to continue in long run is to keep changing the strategies you use..
OK,but one day you would have to repeat the very first strategy ? you dont have unlimited strategies...?
still you cannot win by changing strategies cause all fail at some point , the only way is to do a single max bet and get out.

yo
MR.Seller
Full Member
***
Offline Offline

Activity: 140
Merit: 100


View Profile
October 17, 2015, 06:58:46 AM
 #188

The basic way to continue in long run is to keep changing the strategies you use..
OK,but one day you would have to repeat the very first strategy ? you dont have unlimited strategies...?
still you cannot win by changing strategies cause all fail at some point , the only way is to do a single max bet and get out.

I agree, and strategy would not run for a long time in 1 game your strategy is done and you need to change it. But sometimes strategy lose not all your strategy will win so in long run you gonna be lose. there is no chance of always winning in long run gambling.

^^^^Researcher^^^^
BTCevo
Legendary
*
Offline Offline

Activity: 1834
Merit: 1008


View Profile
October 17, 2015, 07:13:41 AM
 #189

For people to truly understand this loss in the long run thing , one must experienced it to fully know the output of doing gambling for a long run.

Long run means long and painful death, nobody gets rich gambling.

Depends on what rich means to you. If you mean rich by infinite money by gambling I dont think there are such people in this world. I have ever meet people that can have a family by using gambling. They are not rich as I can say and yes they lose sometimes but at least they can maintain their money to support their family so I can say that man is rich enough
JimClone
Sr. Member
****
Offline Offline

Activity: 322
Merit: 250


View Profile
October 17, 2015, 03:11:16 PM
 #190

Totally agree with the title of the thread. Just a reminder that gambling is just for fun  Smiley
jpouza
Legendary
*
Offline Offline

Activity: 2716
Merit: 1116


View Profile
October 17, 2015, 11:26:06 PM
 #191

Totally agree with the title of the thread. Just a reminder that gambling is just for fun  Smiley

For fun to normal people and for living for crazy ones.  Grin
futurebit640
Hero Member
*****
Offline Offline

Activity: 910
Merit: 1000


View Profile
October 18, 2015, 12:31:32 AM
 #192

For people to truly understand this loss in the long run thing , one must experienced it to fully know the output of doing gambling for a long run.

Long run means long and painful death, nobody gets rich gambling.

Depends on what rich means to you. If you mean rich by infinite money by gambling I dont think there are such people in this world. I have ever meet people that can have a family by using gambling. They are not rich as I can say and yes they lose sometimes but at least they can maintain their money to support their family so I can say that man is rich enough

That is very true that no one can make a regular income from gambling and most of these addicted gamblers are thinking that there are many successful gamblers are making regular income. But what I see is those successful stories may be created by those big casinos to attract more people to this gambling world. So I always suggest gamble small amounts just for fun and enjoy if you win but don't continue until you lose all.
Hellacopter
Hero Member
*****
Offline Offline

Activity: 742
Merit: 500


View Profile
October 18, 2015, 01:25:52 AM
 #193

Exactly... Everyone looses in long run.... A win for sometime doesnt guarantees you that will win later bets too... The basic way to continue in long run is to keep changing the strategies you use..

also to minimize the risks it's suggested to stabilize your number of bets daily, this way you can either win or just lose small or limited amount of your Bitcoins, so this can help gamblers too
MR.Seller
Full Member
***
Offline Offline

Activity: 140
Merit: 100


View Profile
October 18, 2015, 06:11:07 AM
 #194

I tried to be a Gambler but I became a funds giver. LOL  Grin

^^^^Researcher^^^^
cazkooo
Legendary
*
Offline Offline

Activity: 1540
Merit: 1013



View Profile
October 18, 2015, 06:33:07 AM
 #195

also to minimize the risks it's suggested to stabilize your number of bets daily, this way you can either win or just lose small or limited amount of your Bitcoins, so this can help gamblers too

Thats not helping at all. If you deposit at a gambling site then you should think what you deposit is already a lost that is why it will help to take some stress out if you really lose them all but if you make a little back then withdraw them and keep it safe until you decide to deposit it back to the site
Heutenamos
Hero Member
*****
Offline Offline

Activity: 812
Merit: 1000


Act #Neutral,Think y'self as a citizen of Universe


View Profile
October 18, 2015, 10:15:17 AM
 #196

if you guys said that long run =  lose , you can simply doing withdraw after/everywinning,and leave a little for gambling again, it'll give you low chance to be lose but it'll make low profit

Nope that it not considered as long run ,of course if you make just a couple of bets and withdraw its possible to gain some profit but as you repeat the method or sequence then you will lose all the deposited amount in some time ,which is assumed to be long run.

yo
crairezx20
Legendary
*
Offline Offline

Activity: 1638
Merit: 1046



View Profile
October 18, 2015, 10:22:53 AM
 #197

Yes like my cousin always lose and he also use my balance because of his addiction.He cant stop it i told him dont play gambling with your feelings. just play with hard think before to bet... Im affected in his addiction tsk tsk tsk... no tommorow...
gampher
Sr. Member
****
Offline Offline

Activity: 420
Merit: 250


View Profile
October 18, 2015, 02:06:20 PM
 #198

Yes like my cousin always lose and he also use my balance because of his addiction.He cant stop it i told him dont play gambling with your feelings. just play with hard think before to bet... Im affected in his addiction tsk tsk tsk... no tommorow...
why the hell would you give your money to him ? wont you deny him ?
what do you mean by not to gamble with feelings ? hard think ?
in any case you would lose , no relation to feelings .
stingleword
Legendary
*
Offline Offline

Activity: 1008
Merit: 1001

Out of crypto entirely and don't miss it


View Profile
October 18, 2015, 07:01:57 PM
 #199

If you deposit at a gambling site then you should think what you deposit is already a lost that is why it will help to take some stress out if you really lose them all but if you make a little back then withdraw them and keep it safe until you decide to deposit it back to the site

This is a superb strategy.

Crypto is dead, its community is a series of bad jokes.
apriyani420
Sr. Member
****
Offline Offline

Activity: 406
Merit: 250



View Profile
October 18, 2015, 07:08:22 PM
 #200

thats true i used to think that it is possible to beat the casino but the house edge the games have usually does not allow players to win in long run

Pages: « 1 2 3 4 5 6 7 8 9 [10] 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 ... 140 »
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!