Everyone looses in the long run

[alay1388]

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.

[StevenLiang]

Also, professional people who play poker or sports betting.

There are no professional sports betting player because it is about luck. You can analyze the game and predict who will win or how many goals will be score but it is more about luck. Meanwhile there are alot professional poker player because they know how to play the game and luck is just small thing for them

I agree with that.
Poker is not gambling if you know how to play. (and manage your bankroll)
Poker not like gambling because they not use all their money in 1 game.

For me, i usually use 3-5% of my bankroll in poker. If i lose, i can easily cover my loss in the next game.

[gampher]

Poker not like gambling because they not use all their money in 1 game.

For me, i usually use 3-5% of my bankroll in poker. If i lose, i can easily cover my loss in the next game.

OK , i use 3-5 % of my bankroll in dice in one session and if i lose i can easily cover my loss in the next session ,so i dont use all my money in one game and hence DICE is not gambling in your opinion.?

[jpouza]

Also, professional people who play poker or sports betting.

There are no professional sports betting player because it is about luck. You can analyze the game and predict who will win or how many goals will be score but it is more about luck. Meanwhile there are alot professional poker player because they know how to play the game and luck is just small thing for them

I agree with that.
Poker is not gambling if you know how to play. (and manage your bankroll)
Poker not like gambling because they not use all their money in 1 game.

For me, i usually use 3-5% of my bankroll in poker. If i lose, i can easily cover my loss in the next game.

Poker is made for professional players, you can make a lot of money if you have the talent.

[leex1528]

Also, professional people who play poker or sports betting.

There are no professional sports betting player because it is about luck. You can analyze the game and predict who will win or how many goals will be score but it is more about luck. Meanwhile there are alot professional poker player because they know how to play the game and luck is just small thing for them

I agree with that.
Poker is not gambling if you know how to play. (and manage your bankroll)
Poker not like gambling because they not use all their money in 1 game.

For me, i usually use 3-5% of my bankroll in poker. If i lose, i can easily cover my loss in the next game.

Poker is made for professional players, you can make a lot of money if you have the talent.

True Poker is made for professionals, but you can always get good at Poker and learn the skill you need in order to win.  Most people need hours and hours of trying to read people and see what their cards are

[pilscoop]

That's what gambling is all about, THE HOUSE ALWAYS WINS. Gambling can be fun, but you gotta be aware that you can lose it all.

[Erza]

This is true everyone looses in the long run whether it is online casino or physical one a little player always finishes at zero and casino owners are who win always.

No it isn't true.  It is highly unlikely that people profit from gambling in the long run.  But it isn't everyone, or always lose.

That is like saying, well you have a 1 in trillion chance at winning the lottery, no one ever wins it.  When in fact someone wins nearly every day.

Also, professional people who play poker or sports betting. They don't always lose. While they might lose sometimes, they win more than they have lost, so they are still in profit. If the game has a house edge, than you will always lose in the long term, but it's possible to win games that have skill involved.

I dont think poker players will always have profit because poker is need a lot of fund to play, you can't either play with low fund to get more and it takes time to play poker so it is wasting time. And houseedge game you will lose in a long run if you continue it and never stop. Try to stop and you will see the difference

[tommorisonwebdesign]

It really depends on the type of poker game you are playing, who you are playing against and your skill level. I have heard even professional poker players like Chris Money Maker typically have anything or nothing, and always run the opportunity of going bankrupt.

[StevenLiang]

Also, professional people who play poker or sports betting.

There are no professional sports betting player because it is about luck. You can analyze the game and predict who will win or how many goals will be score but it is more about luck. Meanwhile there are alot professional poker player because they know how to play the game and luck is just small thing for them

I agree with that.
Poker is not gambling if you know how to play. (and manage your bankroll)
Poker not like gambling because they not use all their money in 1 game.

For me, i usually use 3-5% of my bankroll in poker. If i lose, i can easily cover my loss in the next game.

Poker is made for professional players, you can make a lot of money if you have the talent.

Yeah, but bankroll management is crucial aspect when play on poker.
Some professional players do not need to take a lot % from their bankroll to earn big money.
And they always challenge themselves on that way.

Buy-in with $3 and stand up until they have $25 +
And so on.

[StevenLiang]

It really depends on the type of poker game you are playing, who you are playing against and your skill level. I have heard even professional poker players like Chris Money Maker typically have anything or nothing, and always run the opportunity of going bankrupt.

Thanks for your reminder,
i forgot to speak about bankruptcy on many poker players.

When you want to play in poker game. Considering these things first:
1. Do you on "free-time" or you have another things to do?
If you really on your "free-time", then it's the best time to have fun.

2. Do you play with small money from bankroll or big money from bankroll?
If you on tilt, and want to get a lot profit in high stakes table from almost 30% of your bankroll, then forget it, because you're not in your best at that time. Take a break, leave table and do the other things. You can always come back everytime.

3. (i learnt this thing from my poker buddy too, senior)
Play not for money, but to see how good you are at the table. Challenges yourself on different situation/people. Play smart with your money, do not play with big money, it will change your game a lot. Coz you will "doubtful" when it goes to all-in.

[cazkooo]

Some professional players do not need to take a lot % from their bankroll to earn big money.

You need to see how professional truly play. I recommend you to take a look at the pro WSOP player. They are playing huge and only play at GTD or tournament and rarely ring games. The buy in for GTD is usually 4 digits in USD and that is a lot for average person , the game end after hours and most are really great and sometimes the unexpected happens like when someone think that he wins with full house but suddenly beaten by four of a kind

[crairezx20]

For me it depends on your luck. If you lose in long run it will never change it because it depends in your luck.

[n2004al]

I read some people were saying professional gamblers never loose as they are sponsored by others.If we put very small percentage of professional gamblers away and talk about usual and normal gamblers then my answer is clear that everyone looses in the long run .

First of all there are not any kind of profession in "doing" gambling. So no one can be professional in something that is not a profession. But even if there is something that can be called "profession" in gambling (which can be the place of staying all the day within a casino or gambling online - again all the day - for those who have  nothing - or don't know what - other to do and have tons of money to spend) there can be never "professionalism" in this kind of "profession". Gambling cannot be learned and it is impossible to learn something from or about it even if everyone stay with during all its life applying it.

Then what does it mean "never loose as they are sponsored by others". My brain understand this sentence in this way. They ("the professionals") gamble always and lose but don't lose their money but the money of the others (sponsors). If so where is the "professionalism" here? In losing the money of the others? Or simply in the loss of money ongoing?

But for sure the author of the post mean another thing with this sentence. Maybe he wanted to tell that they earn because are sponsored by the others. This is another thought without sense. It is the sponsorship that condition the earnings? This seems strange for me. What have in common the give of money with the gamble of those? Why the first act must affect the second one?

Maybe because someone thing that having to much and gambling to much money it is sure the win in it. This is a pure fantasy. Have nothing true in this. It is only the luck who decide. You can win the jackpot with 1 us dollar and loss even your home within a day. Have nothing to do the amount of money gambled with the probability to win. Especially in long term as can be deducted from the quoted post.

The probability to win is always (especially in medium and long term) for the owners of the casino or the online gamble site. Nothing can change this elementary but basic and unchanged rule. Everyone which gamble will have always loss. Being him a "professional" gambler or a novice one.

[Joel_Jantsen]

It really depends on the type of poker game you are playing, who you are playing against and your skill level. I have heard even professional poker players like Chris Money Maker typically have anything or nothing, and always run the opportunity of going bankrupt.

Agree with you we should be aware of whom we're playing it .But online games doesn't need that kind of understanding as you cant really be sure of whats happening in the backend with the cards .You know all these algorithms are highly advanced and they can program it the way they want.I've always been unsure of playing poker online with random strangers .All these technical stuff is just too insecure .You can play casino or dice or whatever they seem truly based on luck.

[Xenoph0bia]

For me it depends on your luck. If you lose in long run it will never change it because it depends in your luck.

Yes agreed with you that it totally depends on your luck, if you have lucky enough then you can win even in short time but if you are not lucky then there are many chances to loose the whatever money you have in the log run.

[jpouza]

Some professional players do not need to take a lot % from their bankroll to earn big money.

You need to see how professional truly play. I recommend you to take a look at the pro WSOP player. They are playing huge and only play at GTD or tournament and rarely ring games. The buy in for GTD is usually 4 digits in USD and that is a lot for average person , the game end after hours and most are really great and sometimes the unexpected happens like when someone think that he wins with full house but suddenly beaten by four of a kind

There are in fact professional gamblers, guys who are expert in mathematical principles 

[klf]

It really depends on the type of poker game you are playing, who you are playing against and your skill level. I have heard even professional poker players like Chris Money Maker typically have anything or nothing, and always run the opportunity of going bankrupt.

That is very true, in gambling no one or any professional player can't win for long time or in the long run because even though some games need skills to win but when one play any game to win they also need some kind of luck to support them so this luck will not come every day or every time one play a game. So it is quite clear no one can win any game every day so do not gamble every day to save your self.

[mr.robot]

If you are betting against the spread at a reduced margin venue the prices might be -105/-105 (1.95/1.95).  This means if you were to bet $1 sometimes you would win $0.95 and sometimes you would lose $1.  You would need to win 51.3% of the time to break even in the long run.

[gampher]

For me it depends on your luck. If you lose in long run it will never change it because it depends in your luck.

yes it depends on luck but the percentage is quite negligible when it comes to longer sessions ,as the presence house edge is going to kill it because you cant have luck in the long runs.

[n2004al]

If you are betting against the spread at a reduced margin venue the prices might be -105/-105 (1.95/1.95).  This means if you were to bet $1 sometimes you would win $0.95 and sometimes you would lose $1.  You would need to win 51.3% of the time to break even in the long run.

Good calculations. Even more. Fantastic calculations. Could you show me the literature for this kind of calculations in order that me learn more? In which kind of books I can find more about these kind of things? Are very interesting and even more precise than the calculations of the position of an new star. Even I don't understand anything from those.

Ah.. One moment. You bet 1 us dollar and sometime would win 0.95 us dollar and some time would lose 1 us dollar. Then "you would need to win 51.3% (not 47.53464% nor 56.975645345% but exactly 51.3%) to break even in the long run.

In other words. You will play to lose more that the amount you can win: in other words, simply to lose. Then, in order that you break even (in other words and for the ignorant people like me - to have your lost money) "you would need to win 51.3% of the time". Here I'm am speechless. I learned before how to lose firstly (difficult but important and necessary), then the need to break even (so to have again my money back) but then I stopped to understand. How to earn "51.3 of the time"? How can be earned the time?

Please mr.robot can you explain better how to win 51.3% of the time to have back my money? And if I win 51.4% or even 51.5675432% of time it will be something wrong? Only to have some cent as earnings for the time have in casino. Or it is impossible? In that place only can have loss and maximum have your money. No win never. This is not the casino I know....