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Author Topic: Everyone looses in the long run  (Read 96772 times)
leex1528
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October 20, 2015, 08:13:16 PM
 #221

Some strategies can work in theory, combined with depositing money that you don't care about if you lose and cashing out the minute you are ahead like others have mentioned. If you can do that AND remain emotionless about it AND play once in a while AND still manage to get some fun out of it (while being an emotionless robot) then go ahead and do it. I'll be the first in line to bet against you...

That isn't really long term if you are cashing out ahead.  It is highly unlikely you will be profitable at a casino unless you are playing Poker(hold em against players)  but it is not impossible.
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October 21, 2015, 01:10:49 AM
 #222

Let's be honest. Gambling should only be considered for entertainment purposes only. If you are in need of quick cash, doing hard dirty work is more often than not better than hitting up the casino sites. I see way too many people in this section try to justify their gambling habits by saying they have strategies to always win. Others on this forum will go as far as to say that they are professional gamblers, and they always win. You're fooling no one and you look stupid.

All the gambling addicts I knew in real life who claimed to win from casinos all the time had serious mental issues. I went gambling with that guy once, and he ended up blaming me for him loosing at Pai Gow poker, a game that's 100% chance.

And just to let you guys know, ALL the casinos in my jurisdiction say the same things in public advertising campaigns. So far, my sig campaign manager has not PM'ed me telling me to quit bashing gambling. Nobody wins gambling, so lets stop pretending anyone here makes a living gambling online.

Yes, it's a probability staff which is not on our side, from a technical point of view,the more we gamble, the higher probability we lose. So I absolutely agree with your title "Everyone looses in the long run".
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October 21, 2015, 01:42:12 AM
 #223

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.

But this strategy will not really useful if you lose and always keep it safe. Lets say that you dont withdraw them but stop for a while and then you will do the same as tmorow so you will safe the sending fee rather than put in and out your balance

Thats why people need to withdraw it when they win. Many people dont withdraw this and continue that is why if they lose it all then they are stressed with this. If you withdraw some and continue to play with small amount then this atleast will only give you a little stress if you lose it instead of lose all of it

People just dont have a daily goal or the # to stick with cause they keep changing it if they do win lol.

Intially its basically a different form of for sure screwing yourself over. Like if youre at $10 profit and your mark was $10, now wanting $20.. that itself says everything.
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October 21, 2015, 08:02:32 AM
 #224


People just dont have a daily goal or the # to stick with cause they keep changing it if they do win lol.

Intially its basically a different form of for sure screwing yourself over. Like if youre at $10 profit and your mark was $10, now wanting $20.. that itself says everything.

Well I might say, that is wanting more than ever you could avail, in gambling if a person really really want money he will not bet for more because the way he thinks is the value of money, but if a gambler wants fun, he will bet much and to the extend that he will sell everything he own just to bet.
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October 21, 2015, 10:33:13 AM
 #225


People just dont have a daily goal or the # to stick with cause they keep changing it if they do win lol.

Intially its basically a different form of for sure screwing yourself over. Like if youre at $10 profit and your mark was $10, now wanting $20.. that itself says everything.

Well I might say, that is wanting more than ever you could avail, in gambling if a person really really want money he will not bet for more because the way he thinks is the value of money, but if a gambler wants fun, he will bet much and to the extend that he will sell everything he own just to bet.

That's the situation if the gamble did not try anything new or trying to develop his own skill for better gambling. If people only depend on their luck to make profits in gambling then they must loose in short term as well as long term. Long term will give you time to rectify your mistakes.
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October 21, 2015, 10:53:55 AM
 #226

Let's be honest. Gambling should only be considered for entertainment purposes only. If you are in need of quick cash, doing hard dirty work is more often than not better than hitting up the casino sites. I see way too many people in this section try to justify their gambling habits by saying they have strategies to always win. Others on this forum will go as far as to say that they are professional gamblers, and they always win. You're fooling no one and you look stupid.

All the gambling addicts I knew in real life who claimed to win from casinos all the time had serious mental issues. I went gambling with that guy once, and he ended up blaming me for him loosing at Pai Gow poker, a game that's 100% chance.

And just to let you guys know, ALL the casinos in my jurisdiction say the same things in public advertising campaigns. So far, my sig campaign manager has not PM'ed me telling me to quit bashing gambling. Nobody wins gambling, so lets stop pretending anyone here makes a living gambling online.

Yes, it's a probability staff which is not on our side, from a technical point of view,the more we gamble, the higher probability we lose. So I absolutely agree with your title "Everyone looses in the long run".

The probability is nothing but luck and luck will not come every day so no one can will in the long run and most of the regular gamblers will surely lose over the time. I do not suggest to become a rich or try gambling to make money but just play for fun and if you win some big money by luck then just enjoy it and do not invest back all winnings again to win more.
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October 21, 2015, 11:16:07 AM
 #227


This is how I approach gambling. I really only gamble on poker and sports betting, and I do it for the entertainment. If I win, that's awesome, and if I lose, I was simply paying for entertainment.

I also started doing parlay betting on NFL a lot recently. It's quite a cheap hobby, and just being right a fraction of the time yields insane profits.

That is the spirit. Gambling is just for fun. Most of us cannot live on gambling. You need special skills to live on gambling.
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October 21, 2015, 11:16:37 AM
 #228


That's the situation if the gamble did not try anything new or trying to develop his own skill for better gambling. If people only depend on their luck to make profits in gambling then they must loose in short term as well as long term. Long term will give you time to rectify your mistakes.

That is the wrong way of think for most gamblers, they are think they could profit for a long run with it, you will lose it all in a long run because of house edge, gambling company and sites has an house edge to prevent them from bankruptcy. that is why you can't make a profit out of gambling.
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October 21, 2015, 11:26:31 AM
 #229

The probability is nothing but luck and luck will not come every day so no one can will in the long run and most of the regular gamblers will surely lose over the time. I do not suggest to become a rich or try gambling to make money but just play for fun and if you win some big money by luck then just enjoy it and do not invest back all winnings again to win more.
I will rather say that there is the other way around. There is no luck in gambling as winning is part of probability theory.
People are being irrational about is and therefore we have some many misconceptions about it.
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October 21, 2015, 11:42:36 AM
 #230

The probability is nothing but luck and luck will not come every day so no one can will in the long run and most of the regular gamblers will surely lose over the time. I do not suggest to become a rich or try gambling to make money but just play for fun and if you win some big money by luck then just enjoy it and do not invest back all winnings again to win more.
I will rather say that there is the other way around. There is no luck in gambling as winning is part of probability theory.
People are being irrational about is and therefore we have some many misconceptions about it.

well sadly to say even if one is very good in probability theory, he still need a lot of luck to win. as you can see in texas poker tournament, most of the time, a lot of time the higher % lose out in the fight.
leex1528
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October 21, 2015, 01:40:23 PM
 #231

The probability is nothing but luck and luck will not come every day so no one can will in the long run and most of the regular gamblers will surely lose over the time. I do not suggest to become a rich or try gambling to make money but just play for fun and if you win some big money by luck then just enjoy it and do not invest back all winnings again to win more.
I will rather say that there is the other way around. There is no luck in gambling as winning is part of probability theory.
People are being irrational about is and therefore we have some many misconceptions about it.

well sadly to say even if one is very good in probability theory, he still need a lot of luck to win. as you can see in texas poker tournament, most of the time, a lot of time the higher % lose out in the fight.

Yea you definitely need luck in order to win I don't think anyone will disagree with you there.  But if you get yourself in the best position to win, you should be alright in the long run because over the long run you % should balance out.
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October 21, 2015, 02:15:57 PM
 #232

The probability is nothing but luck and luck will not come every day so no one can will in the long run and most of the regular gamblers will surely lose over the time. I do not suggest to become a rich or try gambling to make money but just play for fun and if you win some big money by luck then just enjoy it and do not invest back all winnings again to win more.
I will rather say that there is the other way around. There is no luck in gambling as winning is part of probability theory.
People are being irrational about is and therefore we have some many misconceptions about it.

well sadly to say even if one is very good in probability theory, he still need a lot of luck to win. as you can see in texas poker tournament, most of the time, a lot of time the higher % lose out in the fight.
You are right bro, all in gambling is need luck and not need a skill like people have to said. I don't think all pokerstars players are a good gambler
leex1528
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October 21, 2015, 02:17:29 PM
 #233

The probability is nothing but luck and luck will not come every day so no one can will in the long run and most of the regular gamblers will surely lose over the time. I do not suggest to become a rich or try gambling to make money but just play for fun and if you win some big money by luck then just enjoy it and do not invest back all winnings again to win more.
I will rather say that there is the other way around. There is no luck in gambling as winning is part of probability theory.
People are being irrational about is and therefore we have some many misconceptions about it.

well sadly to say even if one is very good in probability theory, he still need a lot of luck to win. as you can see in texas poker tournament, most of the time, a lot of time the higher % lose out in the fight.
You are right bro, all in gambling is need luck and not need a skill like people have to said. I don't think all pokerstars players are a good gambler

Wrong, Yes everyone needs luck.  But in the long run a Professional Poker player will destroy you.  You might win a few hands here and there but in the long run, he will take all of your money because he has skill and you don't
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October 21, 2015, 02:26:48 PM
 #234

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.

I agree. This is the one and only strategy which will work for you everytime you use it.

I've seen it before, but it was said in other words, but now it is really well said.

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enhu
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October 21, 2015, 03:51:51 PM
 #235


While its true that there is no particular strategy that can guarantee you will always win, you can somehow lessen the chance of losing every bet. One that I always control the most is my emotion when betting.

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neonshium
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October 21, 2015, 04:53:38 PM
 #236

The probability is nothing but luck and luck will not come every day so no one can will in the long run and most of the regular gamblers will surely lose over the time. I do not suggest to become a rich or try gambling to make money but just play for fun and if you win some big money by luck then just enjoy it and do not invest back all winnings again to win more.
I will rather say that there is the other way around. There is no luck in gambling as winning is part of probability theory.
People are being irrational about is and therefore we have some many misconceptions about it.

well sadly to say even if one is very good in probability theory, he still need a lot of luck to win. as you can see in texas poker tournament, most of the time, a lot of time the higher % lose out in the fight.
You are right bro, all in gambling is need luck and not need a skill like people have to said. I don't think all pokerstars players are a good gambler

Wrong, Yes everyone needs luck.  But in the long run a Professional Poker player will destroy you.  You might win a few hands here and there but in the long run, he will take all of your money because he has skill and you don't

Why I can nor turn as a professional gambler in some time. I do not understand that today's professional trader also a novice along back. He might learned how to make gambling profitable and developed his skills for gambling. Same way we can turn professional gambler in long run.
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October 21, 2015, 05:16:39 PM
 #237

Why I can nor turn as a professional gambler in some time. I do not understand that today's professional trader also a novice along back. He might learned how to make gambling profitable and developed his skills for gambling. Same way we can turn professional gambler in long run.

I know one guy, he have been trading stocks and options more than 10 years and have had some very profitable years. Unfortunately, many of those profitable years have been wiped out by years of large losses... Today he still trading because it's like a heroin for him.
christycalhoun
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October 21, 2015, 05:19:26 PM
 #238

The people that come out ahead are people who know when to take what the win and walk away. Casinos have predicted amounts of profits in the long run.

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October 21, 2015, 05:25:10 PM
 #239

Let's be honest. Gambling should only be considered for entertainment purposes only. If you are in need of quick cash, doing hard dirty work is more often than not better than hitting up the casino sites. I see way too many people in this section try to justify their gambling habits by saying they have strategies to always win. Others on this forum will go as far as to say that they are professional gamblers, and they always win. You're fooling no one and you look stupid.

All the gambling addicts I knew in real life who claimed to win from casinos all the time had serious mental issues. I went gambling with that guy once, and he ended up blaming me for him loosing at Pai Gow poker, a game that's 100% chance.

And just to let you guys know, ALL the casinos in my jurisdiction say the same things in public advertising campaigns. So far, my sig campaign manager has not PM'ed me telling me to quit bashing gambling. Nobody wins gambling, so lets stop pretending anyone here makes a living gambling online.

It's true, everyone loses in the long run, but what gambling with cryptocurrencies has brought us is the infamous 1% house edge.

Now I'm not saying the 1% makes it easy to gamble and win, but it does make it easier.

Right now there are casinos with a fixed house edge that varies from (I'm guessing here; 2%-??%). Even in my country we have slot machines every where and they market their "91% of the time you will get your money back, these are the best chances you can find!". Now let's look at that number, 91% of the time you get your money back? So that's a 9% house edge already if not more, and that's their highest paying game, what in the fuck.

Now let's not forget that all these slotgames are programmed to win that 9% in the long run, it probably hits pretty close to 9% if you would look at the monthly gain of that game. What cryptocurrencies have given us here is the chance to be lucky 49.5% of the time. If this sounds like a lot, it's cause it is a lot. Not to mention you are able to verify your bets for provably fair, and that every next roll will always have a certain % of appearing, it's all up to chance. You can lose 20x in a row at 49.5% or you can win 20x in a row at 49.5%, just remember that the latter will always have a 1% chance of failing compared to the other having a 1% extra chance of losing.

To be honest, fuck all casinos and let's implement provably fair into all games and slots and change gambling world for the better.
leex1528
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October 21, 2015, 07:17:49 PM
 #240

Let's be honest. Gambling should only be considered for entertainment purposes only. If you are in need of quick cash, doing hard dirty work is more often than not better than hitting up the casino sites. I see way too many people in this section try to justify their gambling habits by saying they have strategies to always win. Others on this forum will go as far as to say that they are professional gamblers, and they always win. You're fooling no one and you look stupid.

All the gambling addicts I knew in real life who claimed to win from casinos all the time had serious mental issues. I went gambling with that guy once, and he ended up blaming me for him loosing at Pai Gow poker, a game that's 100% chance.

And just to let you guys know, ALL the casinos in my jurisdiction say the same things in public advertising campaigns. So far, my sig campaign manager has not PM'ed me telling me to quit bashing gambling. Nobody wins gambling, so lets stop pretending anyone here makes a living gambling online.

It's true, everyone loses in the long run, but what gambling with cryptocurrencies has brought us is the infamous 1% house edge.

Now I'm not saying the 1% makes it easy to gamble and win, but it does make it easier.

Right now there are casinos with a fixed house edge that varies from (I'm guessing here; 2%-??%). Even in my country we have slot machines every where and they market their "91% of the time you will get your money back, these are the best chances you can find!". Now let's look at that number, 91% of the time you get your money back? So that's a 9% house edge already if not more, and that's their highest paying game, what in the fuck.

Now let's not forget that all these slotgames are programmed to win that 9% in the long run, it probably hits pretty close to 9% if you would look at the monthly gain of that game. What cryptocurrencies have given us here is the chance to be lucky 49.5% of the time. If this sounds like a lot, it's cause it is a lot. Not to mention you are able to verify your bets for provably fair, and that every next roll will always have a certain % of appearing, it's all up to chance. You can lose 20x in a row at 49.5% or you can win 20x in a row at 49.5%, just remember that the latter will always have a 1% chance of failing compared to the other having a 1% extra chance of losing.

To be honest, fuck all casinos and let's implement provably fair into all games and slots and change gambling world for the better.

It isn't exactly true that everyone loses in the long run.  The correct phrasing would be, most people lose in the long run due to probability and stats.  There are always a few lucky people who bend that rule though.
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