Everyone looses in the long run

[fulgdenea]

Where house edge exists there that theory work perfectly the house edge always win in the long term, i am also quite sure long term gambling is really dangerous if had decent profit there than we must keep quite for some time.

[dishku]

After all you have to loose.It really does not matter sooner or later in long run.Casino house always wins and will keep winning.I say yes to this everyone looses for sure.Everyone means most people with exception of very few.

[Lokfar]

Most people will lose at gambling if they run it for a long time. But, most people didnt realize it. When someone lost a bunch and they keep gambling and suddently have some good profit, they will forget about they previous lost although they profit in fact cant cover all the previous lost.

almost all types of gambling if we play too long will lose and people who are too long to play sometimes when they lose, they always wanted to recover the defeat at that time also and this is very dangerous, because your lust is not controlled and eventually lost it all

It depends on how lucky you are it can be profitable if you won a lot of money and if you can control yourself otherwise you are losing indeed a lot of money with it.
But in the most cases you are indeed losing more money than that you can win money so that is already bad.

[lorylore]

Gambling is real business not entertainment. And there are thousands that make a living off gambling

Thousands make a profit from it and you are referring to an exceptional people, but for you information millions losses in gambling, so if you do the math, it says majority of the gamblers losses. I just hope that as a gamblers maybe in the future I will exceptional and start making fortune from gambling.

Yes of course there will always be a few people that know how to beat the casino scammers. But if you are gambling blindly , I will advice you stop. There are 2 basic ways to win any casino. Sports betting not included. But the few that know this won't expose it.
And if millions don't loose, the few constant winners won't win.

Can you expose here the two basics to win. LOL. I agree that sports betting is the best game to bet if you want to stay in gambling in a longer time. Of course, if a gamblers win a lot of money using his technique he is not an idiot to share it to the public because the gambling sites will adjust accordingly.

I am also interested to know about the 2 winning methods. Does it apply to casino table games or any gambling game? And you dont need to have millions of loser, you just need to win against the casino.

[cjmoles]

This does not make any sense.  If EVERYONE lost in the long run, then why is there still a gambling industry?  I bet the casino operators, sportsbooks, dice sites, pokersites, and insurance companies all win in the long run!  What makes them any different from you and I?  I will tell you...THEY ONLY COVER WAGERS WHEN THE ODDS ARE IN THEIR FAVOR!....And, they cover huge volumes of wagers which insures long term profits against the swings of variation....

[shulio]

If everyone is losing in a long run, then solution is simple; just have a bunch of short runs

You lose in the short runs as wel, in fact it doesnt matter because what matters is luck . You could win in the long run as well if your luck permits however most of the time, variance inly happen in short run. In fact all you need is big bankroll and some luck, stop after you make decent amount

[Hatuferu]

If everyone is losing in a long run, then solution is simple; just have a bunch of short runs

You lose in the short runs as wel, in fact it doesnt matter because what matters is luck . You could win in the long run as well if your luck permits however most of the time, variance inly happen in short run. In fact all you need is big bankroll and some luck, stop after you make decent amount

Set you goals in gambling, the amount you want to win and the time you want to spend. If you already set your goals, you analyze it and plan to get it. You have to be discipline to win in the long run and this is not applicable in gambling sites that offers only dice. Try betting on sports and you can see the result.

[crairezx20]

If everyone is losing in a long run, then solution is simple; just have a bunch of short runs

You lose in the short runs as wel, in fact it doesnt matter because what matters is luck . You could win in the long run as well if your luck permits however most of the time, variance inly happen in short run. In fact all you need is big bankroll and some luck, stop after you make decent amount

Set you goals in gambling, the amount you want to win and the time you want to spend. If you already set your goals, you analyze it and plan to get it. You have to be discipline to win in the long run and this is not applicable in gambling sites that offers only dice. Try betting on sports and you can see the result.

Honestly not only discipline is needed to reach your goal in gambling.. provably you should know about greediness and be satisfied.. if you are greedy you lose every time you play.. but if you are satisfied what you had you can still make a profit.... so be satisfied what you had to make profit..

[Icathia]

The chance is really high that you can lose some money with gambling and the reason is that people are going to be greedy and they think that they can win in a long run.
But that is actually not true and they are realizing it too late because they will become poor if they cant control themselves and that is the baddest thing that can happen.

[hatshepsut93]

Most people don't understand the basics of statistics and blame everything on "unfair games". Gambler's ruin theorem is known for many centuries and it's really simple - in the long run player with smaller bank will lose. That's why all casinos pursue giant bankrolls and like to take investments.

[bajing]

Most people don't understand the basics of statistics and blame everything on "unfair games". Gambler's ruin theorem is known for many centuries and it's really simple - in the long run player with smaller bank will lose. That's why all casinos pursue giant bankrolls and like to take investments.

I don't think with big bankroll we can beat casino and i think small or big bankroll to start gambling is have same chance to win. for example you can start to bet with 5% from your bankroll so you have chance win more big than you start with 20% from your bankroll.

[hatshepsut93]

Most people don't understand the basics of statistics and blame everything on "unfair games". Gambler's ruin theorem is known for many centuries and it's really simple - in the long run player with smaller bank will lose. That's why all casinos pursue giant bankrolls and like to take investments.

I don't think with big bankroll we can beat casino and i think small or big bankroll to start gambling is have same chance to win. for example you can start to bet with 5% from your bankroll so you have chance win more big than you start with 20% from your bankroll.

It's easier to understand this concept if you look at fair coin toss simulation. It can look like this:



- is players loses, + is players profit.

Now, I've drawn 2 lines. When players loses are equal to his bankroll the game stops, which is seen here as the red line. The house can also go broke, if players profit is higher than their bankroll (yellow line).




So, the likehood of losing all bankroll is determined by the size of bankroll. If you have 1000 BTC and play in casino with 10 BTC bankroll, you have 99% to "beat casino" and take their 10 BTC.

You can also look at any casino and check their profits, they are always much bigger than house edges, because their bankroll is bigger than sum of players bankroll.

[lorylore]

the problem is that it does not work in this way. In order to prevent a whale to put pressure on the casino with their bankroll, so every bet will have a limit. This apply for both the real life casino or online casino. So even if you have a bigger bankroll than casino, because of this limit, you aint able to max your bankroll potential.

[omahapoker]

yes it is true.But we all die in the long run too btw 
So gamble for fun, and never bet more than you can afford to lose and everything will be just fine.
If you ask me how much is that what one can afford to lose, I'd say if you are gambling once per month you can afford to lose around 5% of your monthly income, not more. Dont get greedy!

[Pony789]

You can also look at any casino and check their profits, they are always much bigger than house edges, because their bankroll is bigger than sum of players bankroll.

In fact, it is not that "always". You can see the Profit/EV ratio of the most popular dice sites on dicesites.com, and Bitdice and Safedice do have a ratio much lower than 100%.

[Kotone]

the problem is that it does not work in this way. In order to prevent a whale to put pressure on the casino with their bankroll, so every bet will have a limit. This apply for both the real life casino or online casino. So even if you have a bigger bankroll than casino, because of this limit, you aint able to max your bankroll potential.

Yeah casino knew  that so they set a limit, where gamblers cant win always because they cant max their bet.
Everyone looses in the long run.

[Text]

Exactly, most gamblers are looses in the long run. There is just a small chance to win other than lose, unless you have the luck then it is good for you. If you want to gamble make sure that you have the budget for it, the money that you can afford to lose. Don't do the things that you know you'll regret.

[hatshepsut93]

the problem is that it does not work in this way. In order to prevent a whale to put pressure on the casino with their bankroll, so every bet will have a limit. This apply for both the real life casino or online casino. So even if you have a bigger bankroll than casino, because of this limit, you aint able to max your bankroll potential.

As I understand, bet limit protects casino from short term risk of high rolls, but it can't protect them from a player with bankroll 100-1000 times bigger than theirs.

[Barbut]

I think gambling is a game, winning and losing are part of that game. So in short run, or long run you will experience both things. I believe we can make profit in casino on long run, I think I have positive balance in gambling. People will need to learn how to gamble before they go to casino.

[diegz]

I think gambling is a game, winning and losing are part of that game. So in short run, or long run you will experience both things. I believe we can make profit in casino on long run, I think I have positive balance in gambling. People will need to learn how to gamble before they go to casino.

No, gambling is gambling, you will not profit in the long run as it is gambling, the winning chance is much smaller than losing...Whatever kind of gambling it is, chance of bankruptcy is very big than becoming a millionaire..