Everyone looses in the long run

[cjmoles]

There are games of skill, such as chess.  There are games of chance, such as dice.  And, there are games of skill and chance, such as poker.  What is unique about a game of skill and chance is that the strategy is modified by how skillfully one interprets, manipulates, and anticipates their opponents behavior surrounding the part of the game that is unknown. There are many professional poker players.

Totally agree with you except:

1. We are talking about gambling so there have no place for the chess in your post. Have nothing to do with gambling. If we will talk about all the possible games in existence all the thread would have only on e post: the list of games. Here we are talking only about the gambling. Gambling is totally another dangerous thing compared to the non gambling games (whatever can be) and have no meaning to put these in this kind of discussion.

I used to go to the park on a daily basis to play chess for money to get enough for my hotel room, food, and basic commodities. I was, indeed, gambling for a living playing chess.

2. You forget, when talk about gambling games, a very important characteristic (and even specific one - so only few things have this kind of characteristic) of those. The ability to create addiction. Created in almost all gamblers after gambling for a long time and/or for win (like must do the "pro"). Addiction in this kind of activity is the most dangerous one because give not only one but two bad (the worst ones) consequences. Disease (lost of health) and financial ruin. Whatever can be the gambling game create addiction if frequented for a long time and for win money. Scientifically proved and verified. The players of poker cannot go out of this scheme. But even yes, will be always a new player better than the previous one. The old player cannot accept never that the new one will be a better player than him. So will continue to play with the conviction that one day will be him the winner. In this way he will lost all the won money. Where is the pro here? Don't forget that I accepted your point of view. Thing this that is not true.

True.  Gambling can be very devastating to those with addictive personalities.  However, one of the qualities that many professional gamblers possess is a clear understanding of how to manage their bankrolls strictly.  Those who conduct themselves professionally diversify their holdings and have the presence of mind to only play against weaker opponents and the discipline to not risk a substantial percentage of their bankroll in matches against players with unknown abilities.

May exist only a few those who can go out of the above situations. Thing this that cannot be or used never as an example to justify in some way the gamble. For every kind of gamble with any kind of characteristics, specifics had or needed. Never.

You are correct. Gambling professionally is a very specialized field.  It is definitely not for everybody or anyone. It requires an education, a strict discipline, and years of experience just like any other means of employment. It isn't easy and it isn't free gaining that skill set.

[n2004al]

There are games of skill, such as chess.  There are games of chance, such as dice.  And, there are games of skill and chance, such as poker.  What is unique about a game of skill and chance is that the strategy is modified by how skillfully one interprets, manipulates, and anticipates their opponents behavior surrounding the part of the game that is unknown. There are many professional poker players.

Totally agree with you except:

1. We are talking about gambling so there have no place for the chess in your post. Have nothing to do with gambling. If we will talk about all the possible games in existence all the thread would have only on e post: the list of games. Here we are talking only about the gambling. Gambling is totally another dangerous thing compared to the non gambling games (whatever can be) and have no meaning to put these in this kind of discussion.

I used to go to the park on a daily basis to play chess for money to get enough for my hotel room, food, and basic commodities. I was, indeed, gambling for a living playing chess.

2. You forget, when talk about gambling games, a very important characteristic (and even specific one - so only few things have this kind of characteristic) of those. The ability to create addiction. Created in almost all gamblers after gambling for a long time and/or for win (like must do the "pro"). Addiction in this kind of activity is the most dangerous one because give not only one but two bad (the worst ones) consequences. Disease (lost of health) and financial ruin. Whatever can be the gambling game create addiction if frequented for a long time and for win money. Scientifically proved and verified. The players of poker cannot go out of this scheme. But even yes, will be always a new player better than the previous one. The old player cannot accept never that the new one will be a better player than him. So will continue to play with the conviction that one day will be him the winner. In this way he will lost all the won money. Where is the pro here? Don't forget that I accepted your point of view. Thing this that is not true.

True.  Gambling can be very devastating to those with addictive personalities.  However, one of the qualities that many professional gamblers possess is a clear understanding of how to manage their bankrolls strictly.  Those who conduct themselves professionally diversify their holdings and have the presence of mind to only play against weaker opponents and the discipline to not risk a substantial percentage of their bankroll in matches against players with unknown abilities.

May exist only a few those who can go out of the above situations. Thing this that cannot be or used never as an example to justify in some way the gamble. For every kind of gamble with any kind of characteristics, specifics had or needed. Never.

You are correct. Gambling professionally is a very specialized field.  It is definitely not for everybody or anyone. It requires an education, a strict discipline, and years of experience just like any other means of employment. It isn't easy and it isn't free gaining that skill set.

Good. If you accept my third paragraph with your third interpretation you automatically contrast your first explanation. If you play chess with money you never can be used as an example that chess is a example to be taken when is talked about gambling. You are very, to, very much, much few to be able to name chess as a gamble game. If the pro gamble poker cannot be taken only one time as an example to generalize that gamble is not dangerous (because are to few), you cannot be taken hundred times as example that chess is a gamble game. Are only one.

If your example can be used as an example of gambling then all the life is gamble. Someone can bet telling that in front of it will go within 5 minutes 50 cars and bet about this. This kind of reasoning is not correct because trivializes this question.

[cjmoles]

There are games of skill, such as chess.  There are games of chance, such as dice.  And, there are games of skill and chance, such as poker.  What is unique about a game of skill and chance is that the strategy is modified by how skillfully one interprets, manipulates, and anticipates their opponents behavior surrounding the part of the game that is unknown. There are many professional poker players.

Totally agree with you except:

1. We are talking about gambling so there have no place for the chess in your post. Have nothing to do with gambling. If we will talk about all the possible games in existence all the thread would have only on e post: the list of games. Here we are talking only about the gambling. Gambling is totally another dangerous thing compared to the non gambling games (whatever can be) and have no meaning to put these in this kind of discussion.

I used to go to the park on a daily basis to play chess for money to get enough for my hotel room, food, and basic commodities. I was, indeed, gambling for a living playing chess.

2. You forget, when talk about gambling games, a very important characteristic (and even specific one - so only few things have this kind of characteristic) of those. The ability to create addiction. Created in almost all gamblers after gambling for a long time and/or for win (like must do the "pro"). Addiction in this kind of activity is the most dangerous one because give not only one but two bad (the worst ones) consequences. Disease (lost of health) and financial ruin. Whatever can be the gambling game create addiction if frequented for a long time and for win money. Scientifically proved and verified. The players of poker cannot go out of this scheme. But even yes, will be always a new player better than the previous one. The old player cannot accept never that the new one will be a better player than him. So will continue to play with the conviction that one day will be him the winner. In this way he will lost all the won money. Where is the pro here? Don't forget that I accepted your point of view. Thing this that is not true.

True.  Gambling can be very devastating to those with addictive personalities.  However, one of the qualities that many professional gamblers possess is a clear understanding of how to manage their bankrolls strictly.  Those who conduct themselves professionally diversify their holdings and have the presence of mind to only play against weaker opponents and the discipline to not risk a substantial percentage of their bankroll in matches against players with unknown abilities.

May exist only a few those who can go out of the above situations. Thing this that cannot be or used never as an example to justify in some way the gamble. For every kind of gamble with any kind of characteristics, specifics had or needed. Never.

You are correct. Gambling professionally is a very specialized field.  It is definitely not for everybody or anyone. It requires an education, a strict discipline, and years of experience just like any other means of employment. It isn't easy and it isn't free gaining that skill set.

Good. If you accept my third paragraph with your third interpretation you automatically contrast your first explanation. If you play chess with money you never can be used as an example that chess is a example to be taken when is talked about gambling. You are very, to, very much, much few to be able to name chess as a gamble game. If the pro gamble poker cannot be taken only one time as an example to generalize that gamble is not dangerous (because are to few), you cannot be taken hundred times as example that chess is a gamble game. Are only one.

Well, it depends upon what definition of gambling we agree upon.  Have you ever ran across pool sharps who shill and hustle for a living. Is that not gambling?

If your example can be used as an example of gambling then all the life is gamble. Someone can bet telling that in front of it will go within 5 minutes 50 cars and bet about this. This kind of reasoning is not correct because trivializes this question

I don't mean to trivialize the question but that's what sets the professional gambler apart from the recreational gambler.  The professional gambler will take any bet they believe they have an edge on. In fact, the more wagers they can collect with a positive expected value, the more likely their certainty of profit. As far as "all the life is gamble," that can be argued also...Consider the dynamics of life insurance (or any insurance).  What is going on there? Really think about it.

[bitgolden]

Many gamblers are simply getting their hope on gambling for long run based on the small profits they are getting one day or other. They believe they can make every day would be profit-full day upon seeing a only one day profits. Actually gambling giving profits for single attempt out of 10 attempts.
This means, long run with gambling, will ensures the losses.

[thirdchance57]

While it is possible to make money gambling at a casino, you certainly shouldn't count on it. Luckily for the casinos, some gamblers do count on it – and some even think they have the winning method down, when all that method will get them is broke.

There are actually people who do count on it though.  They actually go there for the purpose of winning.  Whether it is a little bit or alot, they go in with certain goals and they treat it as a job.  The question is, how do they do it.  It can not all be luck.

[lixer]

While it is possible to make money gambling at a casino, you certainly shouldn't count on it. Luckily for the casinos, some gamblers do count on it – and some even think they have the winning method down, when all that method will get them is broke.

There are actually people who do count on it though.  They actually go there for the purpose of winning.  Whether it is a little bit or alot, they go in with certain goals and they treat it as a job.  The question is, how do they do it.  It can not all be luck.

No. The reason, many gamblers turn into losses with the gambling must be they are greedy and increasing their bet amount. Usually all the gamblers starting their activities with very low bets, on seeing some profit in short-term with the small bets, they increase their bet amount out of greedy. So, in long run it is not possible to stay with profits.

[YuginKadoya]

Many gamblers are simply getting their hope on gambling for long run based on the small profits they are getting one day or other. They believe they can make every day would be profit-full day upon seeing a only one day profits. Actually gambling giving profits for single attempt out of 10 attempts.
This means, long run with gambling, will ensures the losses.

Well it will surely work like that, gamblers sometimes think about their winning streak that their losses and because of the way they think they will play it for the long run and keeps going without thinking to back down from it and thinking about the win will not make you a good gambler it will only makes it worst.

[coinplus]

Many gamblers are simply getting their hope on gambling for long run based on the small profits they are getting one day or other. They believe they can make every day would be profit-full day upon seeing a only one day profits. Actually gambling giving profits for single attempt out of 10 attempts.
This means, long run with gambling, will ensures the losses.

Well it will surely work like that, gamblers sometimes think about their winning streak that their losses and because of the way they think they will play it for the long run and keeps going without thinking to back down from it and thinking about the win will not make you a good gambler it will only makes it worst.

Many people entered into gambling just for entertainment or just to see how the gambling is going on. When they are gambling for fun, they would be making some profits. On seeing those small profits, they decided to turn full-time gamblers and doing gambling seriously and finding losses just to because of failure in a motion control. This must be one of the reason why gambling is not profitable in the long run.

[bitlancr]

You are so right about this OP.

The house is in for the win, we are just players at the table waiting to send the house our money.

[buyinbtc]

You are so right about this OP.

The house is in for the win, we are just players at the table waiting to send the house our money.

i have to disagree with this opinion, if you are lucky for the whole your life it is possible to end up in profit, or if you win a huge lottery so thats not correct to say that its not profitable in a long term

[takingthis4]

of course everyone looses in a long run it does not matter how much money you have or how good you are in gambling you will end up loosing after some time, casinos make money out of such player gambling when they lose their money

[BruceLee007]

You are so right about this OP.

The house is in for the win, we are just players at the table waiting to send the house our money.

yeah i guess everyone looses in a long term, i used to gamble really often some time ago and i have never managed to win some money out of it to buy myself something nice, now i try to avoid gambling at all costs

[Kevin77]

You are so right about this OP.

The house is in for the win, we are just players at the table waiting to send the house our money.

yeah i guess everyone looses in a long term, i used to gamble really often some time ago and i have never managed to win some money out of it to buy myself something nice, now i try to avoid gambling at all costs

Yes, when you are new and afresh with your mindset, you can think creatively to manage your gambling into profit like a playing new strategies and keeping self control. But in long run most of the gamblers find themselves very casual and accepts the losses also very casual. That is one of the reason, gambling turns into losses in long run.

[asuryan180]

You are so right about this OP.

The house is in for the win, we are just players at the table waiting to send the house our money.

The house is surely in for the win but there are always people who overcome them and take the huge profits unexpectedly.
https://bitcointalk.org/index.php?topic=1315396.0

[Buziss]

You are so right about this OP.

The house is in for the win, we are just players at the table waiting to send the house our money.

yeah i guess everyone looses in a long term, i used to gamble really often some time ago and i have never managed to win some money out of it to buy myself something nice, now i try to avoid gambling at all costs

Yes, when you are new and afresh with your mindset, you can think creatively to manage your gambling into profit like a playing new strategies and keeping self control. But in long run most of the gamblers find themselves very casual and accepts the losses also very casual. That is one of the reason, gambling turns into losses in long run.

I don't think it has anything to do with "creative" or "gamblers getting bored and play casually". Instead, as you play more, your actual realized profit will get closer and closer to the statistical EV with the EV also getting more and more negative.

[yatsey87]

Well you could say "Everyone looses in the long run" about life... but not everyone does lose in the long run with gambling. Most do but I've known gamblers who make a living gambling and are very much in profit and I've also known people who have lost thousands and will never recoup their loses. I also know many people who just gamble a little just for fun every now and again and spend no more money than they would on a night out and those people just see it as entertainment just like going to a club or the movies. You lose money at those places when you go to but never win any  .

[WEBcreator]

The house is surely in for the win but there are always people who overcome them and take the huge profits unexpectedly.
https://bitcointalk.org/index.php?topic=1315396.0

I believe that is what is called as variances, sometimes this variances could be a bitch because apart from all those have small losses combined then there will be always someone who won big alone thus breaking the house apart but in the end it will even out because there will be another player that lost as well

[quadriple7]

yes, of course everyone looses in a long run, house edge is there in casinos in order to make people to fail in gambling and give their all money to a casino owner, thats why i gamble only with small sums of money

[Erza]

yes, of course everyone looses in a long run, house edge is there in casinos in order to make people to fail in gambling and give their all money to a casino owner, thats why i gamble only with small sums of money

There will be no way they make something like that. If all people are always losing so their site would not hold longer enough. All of their games are depends on your luck though so you will see that someone could even win the jackpot. This is because they keep on trying and on that day his luck is with him so he will definitely hit the jackpot. You are wrong if you keep on saying that everyone is always lose when they are gambling

[Supercrypt]

yes, of course everyone looses in a long run, house edge is there in casinos in order to make people to fail in gambling and give their all money to a casino owner, thats why i gamble only with small sums of money

There will be no way they make something like that. If all people are always losing so their site would not hold longer enough. All of their games are depends on your luck though so you will see that someone could even win the jackpot. This is because they keep on trying and on that day his luck is with him so he will definitely hit the jackpot. You are wrong if you keep on saying that everyone is always lose when they are gambling

Yes, both online gambling and real gambling houses usually behave different users in different way only. This way we can understand their games are not programmed in a single motivation. If they do not allow some people to make some profits, then they can not run their business in long run.