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Author Topic: Everyone looses in the long run  (Read 96728 times)
davinchi
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December 11, 2015, 06:41:51 PM
 #441

  why casino is always  profitable bcoz most people will lose and that is a true Wink

Casino's are always profitable even if somebody wins because the way casino plays they will let someone win and the other lose but their are plenty times for the losing part, and casino's tend to let you will at first but will let you lose on the end.

Casinos are not afraid of you winning their money but they are more afraid of you not betting with them. When you bet more often, you have a higher chance to lose with the house edge. This is one of the reason why casinos give you freebies to encourage you to return to bet.

Yes, for keeping you sticking with gambling, the freebies are important in the view of gambling houses. Their withdrawal fees are usually higher than these freebies. Yes, even with freebies, there would not be any losses for gambling houses. They are more conscious on this.
lixer
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December 11, 2015, 06:45:20 PM
 #442

  why casino is always  profitable bcoz most people will lose and that is a true Wink

Casino's are always profitable even if somebody wins because the way casino plays they will let someone win and the other lose but their are plenty times for the losing part, and casino's tend to let you will at first but will let you lose on the end.

Casinos are not afraid of you winning their money but they are more afraid of you not betting with them. When you bet more often, you have a higher chance to lose with the house edge. This is one of the reason why casinos give you freebies to encourage you to return to bet.

Yes freebies are to induce the gambling addictions. I do see many people are making good profits in demo accounts and failing in real gambling. Same way when you bet in small amount you will win. When you go with bigger bet amount, no other go other than loss. Long run is just a theoretical, even in short run I faced losses.

Yes I'm also one of them facing losses from the first round of first day of gambling. But still I go for gambling with their faucet earning. I just gamble for analyzing the way how gambling works. May be in long run I may find my own way of making profits with gambling.

Whosdaddy
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December 11, 2015, 06:48:35 PM
 #443

  why casino is always  profitable bcoz most people will lose and that is a true Wink

Casino's are always profitable even if somebody wins because the way casino plays they will let someone win and the other lose but their are plenty times for the losing part, and casino's tend to let you will at first but will let you lose on the end.

Casinos are not afraid of you winning their money but they are more afraid of you not betting with them. When you bet more often, you have a higher chance to lose with the house edge. This is one of the reason why casinos give you freebies to encourage you to return to bet.

Yes freebies are to induce the gambling addictions. I do see many people are making good profits in demo accounts and failing in real gambling. Same way when you bet in small amount you will win. When you go with bigger bet amount, no other go other than loss. Long run is just a theoretical, even in short run I faced losses.

Yes I'm also one of them facing losses from the first round of first day of gambling. But still I go for gambling with their faucet earning. I just gamble for analyzing the way how gambling works. May be in long run I may find my own way of making profits with gambling.

All the best for your gambling researches. The good thing is you are not doing your researches from your own money.
I guess there is no way of finding any method even you find one thing that may work only once and it will not work everyday.
Supercrypt
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December 11, 2015, 06:51:52 PM
 #444

  why casino is always  profitable bcoz most people will lose and that is a true Wink

Casino's are always profitable even if somebody wins because the way casino plays they will let someone win and the other lose but their are plenty times for the losing part, and casino's tend to let you will at first but will let you lose on the end.

Casinos are not afraid of you winning their money but they are more afraid of you not betting with them. When you bet more often, you have a higher chance to lose with the house edge. This is one of the reason why casinos give you freebies to encourage you to return to bet.

Yes freebies are to induce the gambling addictions. I do see many people are making good profits in demo accounts and failing in real gambling. Same way when you bet in small amount you will win. When you go with bigger bet amount, no other go other than loss. Long run is just a theoretical, even in short run I faced losses.

Yes I'm also one of them facing losses from the first round of first day of gambling. But still I go for gambling with their faucet earning. I just gamble for analyzing the way how gambling works. May be in long run I may find my own way of making profits with gambling.

Everybody has their own reason for staying in gambling. Finding out a winning method must be a fake reason you are saying to your friends or spouse just to justify your gambling hours. Soon you will realize there is no viable method on gambling for profit making always.
lolgato
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December 11, 2015, 06:53:16 PM
 #445

Poker is the only way you can't lose in the long run but you must have skill to be able to active this and the house edge on the other gambling facilities make sure you will lose in the end that's why martingale isn't a successfull strategy no matter what you will lose. For example dice.
ftwbtc1
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December 11, 2015, 07:41:37 PM
 #446

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.

Everyone does not lose in the long run.  There are many professional poker and sports gamblers.  It takes discipline, intelligence and some luck, but some people are very successful and this is their career.  I only say this about poker and sports wagering.  The others you will lose over time no matter what. 

callynyan
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December 11, 2015, 07:48:45 PM
 #447

House edge ruins you in the long run
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December 11, 2015, 09:42:57 PM
 #448

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.

I disagree one hundred percent.  The first thing that you have to understand is that the casinos profit from gambling, so somebody does always profit!  The second thing that you might want to consider is that if one always bets on outcomes that have a positive expected value, according to the law of large numbers, one will win in the long run (that's how casinos make money).  Most losing gamblers take gambles where they have a negative expected value because their return would be greater, so in the long run, according to the law of large numbers, they lose.  Do a little math, understand your position, place informed wagers and one can insure a long term profit.
quantumgravity
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December 11, 2015, 10:34:48 PM
 #449

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.

I disagree one hundred percent.  The first thing that you have to understand is that the casinos profit from gambling, so somebody does always profit!  The second thing that you might want to consider is that if one always bets on outcomes that have a positive expected value, according to the law of large numbers, one will win in the long run (that's how casinos make money).  Most losing gamblers take gambles where they have a negative expected value because their return would be greater, so in the long run, according to the law of large numbers, they lose.  Do a little math, understand your position, place informed wagers and one can insure a long term profit.

I would have to agree with cjmoles. Especially on his last point. Learn the math, learn probability theory in depth. Practice mental math so you become quicker and your odds of winning will most surely increase.

But your best option is to play games that have a larger component of skill, such as poker. Poker is where it's at  Cool

extrabyte
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December 11, 2015, 10:45:14 PM
 #450

Gambling is dangerous since from the starting and it can be extremely bad if you continue, all people(99%) have lost their assets in these dirty games, so i would suggest anyone to leave this dirty sport and get back to life.
Slark
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December 12, 2015, 12:33:20 AM
 #451

Gambling is dangerous since from the starting and it can be extremely bad if you continue, all people(99%) have lost their assets in these dirty games, so i would suggest anyone to leave this dirty sport and get back to life.
Don't try to demonize gambling as it was something awfully wrong by itself. Gambling is for people and if you are 'using' it right there should't be a problem.
You need to treat gambling as entertainment and not magical solution to fix your money problems and cry later if you lost your bets.
klf
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December 12, 2015, 12:44:32 AM
 #452

Gambling is dangerous since from the starting and it can be extremely bad if you continue, all people(99%) have lost their assets in these dirty games, so i would suggest anyone to leave this dirty sport and get back to life.
Don't try to demonize gambling as it was something awfully wrong by itself. Gambling is for people and if you are 'using' it right there should't be a problem.
You need to treat gambling as entertainment and not magical solution to fix your money problems and cry later if you lost your bets.

Both of you correct. Because if one can't control them self or don't know how to use gambling than better to stay out of gambling. Because there are many other forms of entertainments are available for people to enjoy there life. If some one know how to manage there emotions than once in a while they can play gambling for fun and get the entertainment.
Erza
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December 12, 2015, 04:08:16 AM
 #453

  why casino is always  profitable bcoz most people will lose and that is a true Wink

Casino's are always profitable even if somebody wins because the way casino plays they will let someone win and the other lose but their are plenty times for the losing part, and casino's tend to let you will at first but will let you lose on the end.

Casinos are not afraid of you winning their money but they are more afraid of you not betting with them. When you bet more often, you have a higher chance to lose with the house edge. This is one of the reason why casinos give you freebies to encourage you to return to bet.

Yes freebies are to induce the gambling addictions. I do see many people are making good profits in demo accounts and failing in real gambling. Same way when you bet in small amount you will win. When you go with bigger bet amount, no other go other than loss. Long run is just a theoretical, even in short run I faced losses.

What theory is that? I dont think that is possible thing, the only thing that cause of your loss because you dont have enough balance to cover your loss so in the end you are lose all of your bet. Although it is a long run but if you can maintain your balance until the end I think you can cover your loss and get some profit
dollarneed
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December 12, 2015, 07:24:09 AM
 #454

Gambling is dangerous since from the starting and it can be extremely bad if you continue, all people(99%) have lost their assets in these dirty games, so i would suggest anyone to leave this dirty sport and get back to life.
Don't try to demonize gambling as it was something awfully wrong by itself. Gambling is for people and if you are 'using' it right there should't be a problem.
You need to treat gambling as entertainment and not magical solution to fix your money problems and cry later if you lost your bets.

Both of you correct. Because if one can't control them self or don't know how to use gambling than better to stay out of gambling. Because there are many other forms of entertainments are available for people to enjoy there life. If some one know how to manage there emotions than once in a while they can play gambling for fun and get the entertainment.
Agree completely with you guys, gambling is high risk, the faster way to earn money but actually this the fastest way to lose your money, all we have to do just controll our emotion, and make sure that gambling is only for fun, so we could get off from stress by loose our money
Dannie
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December 12, 2015, 08:14:50 AM
 #455

Yes freebies are to induce the gambling addictions. I do see many people are making good profits in demo accounts and failing in real gambling. Same way when you bet in small amount you will win. When you go with bigger bet amount, no other go other than loss. Long run is just a theoretical, even in short run I faced losses.

What theory is that? I dont think that is possible thing, the only thing that cause of your loss because you dont have enough balance to cover your loss so in the end you are lose all of your bet. Although it is a long run but if you can maintain your balance until the end I think you can cover your loss and get some profit

It is simply not true. If you really believe that "you will win if your bets are small", you can try flat betting with small amount to see if you will win after, say 100000 bets. Trust me, you will not, as the EV of each of your bets, big or small, are negative.

poplolnman
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December 12, 2015, 08:28:52 AM
 #456

Poker is the only way you can't lose in the long run but you must have skill to be able to active this and the house edge on the other gambling facilities make sure you will lose in the end that's why martingale isn't a successfull strategy no matter what you will lose. For example dice.

Playing poker is not easy to keep winning in the long run it's just same as any other gambling games although you have a "skill" poker still need a lucky factor.
So if you want to make a winning in the long run, keep searching your lucky factor , people usually call it "a strategy".

I'm in 400,000 euros debt , dont help me , i rather die
StevenLiang
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December 12, 2015, 10:43:10 AM
 #457

  why casino is always  profitable bcoz most people will lose and that is a true Wink

Casino's are always profitable even if somebody wins because the way casino plays they will let someone win and the other lose but their are plenty times for the losing part, and casino's tend to let you will at first but will let you lose on the end.

Casinos are not afraid of you winning their money but they are more afraid of you not betting with them. When you bet more often, you have a higher chance to lose with the house edge. This is one of the reason why casinos give you freebies to encourage you to return to bet.

Do not play gamble is the best choice. Even the casino owner itself know, they will lose when they bet againts the house edge.
More bets you make, more chances you will lose. That is the fact.
YuginKadoya
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December 14, 2015, 01:24:32 PM
 #458


Casinos are not afraid of you winning their money but they are more afraid of you not betting with them. When you bet more often, you have a higher chance to lose with the house edge. This is one of the reason why casinos give you freebies to encourage you to return to bet.

Yup because of their house edge there is no fear for casinos if you win or lose and their freebies really is an attention for other players addiction is more prone because of it,
Skaven
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December 14, 2015, 02:09:31 PM
 #459

  why casino is always  profitable bcoz most people will lose and that is a true Wink

Casino's are always profitable even if somebody wins because the way casino plays they will let someone win and the other lose but their are plenty times for the losing part, and casino's tend to let you will at first but will let you lose on the end.

Casinos are not afraid of you winning their money but they are more afraid of you not betting with them. When you bet more often, you have a higher chance to lose with the house edge. This is one of the reason why casinos give you freebies to encourage you to return to bet.

Do not play gamble is the best choice. Even the casino owner itself know, they will lose when they bet againts the house edge.
More bets you make, more chances you will lose. That is the fact.

Well the casino owners like also that you play there, because so they can earn more money.
That is why gambling is so annoying when you don't win.
zeaderza
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December 14, 2015, 02:13:39 PM
 #460

I like to bet only on betting exchanges like betfair.
Buy a cheap odds and sell  it on a high price.
Betfair-Trading on sports Smiley
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