Bitcoin Forum
November 08, 2024, 06:00:45 PM *
News: Latest Bitcoin Core release: 28.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 ... 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 [92] 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 »
  Print  
Author Topic: Everyone looses in the long run  (Read 96771 times)
Finestream
Hero Member
*****
Offline Offline

Activity: 3206
Merit: 614



View Profile
September 27, 2016, 05:38:46 AM
 #1821

Everyone loses in the long run because we are in gambling and the house always wins, that is the fact that every gambler should know. Gambling sites are created to make money and we are not.

Gambling sites are made to fulfill the needs of the addicted gamblers that doesn't want to make some efforts to go outside of their homes just to gamble.

And yeah, they are running also for profit but I guess there are still gambling sites that are playing fair against to their gamblers.

SO if you don't want to lose in the long run better play smartly.
Gambling industry has been profitable for many year, having said that it only proved that more gamblers are losing compared to the successful gamblers, we should know our place and do the right thing because only few succeeds while the rest of us will lose in the long run.

hua_hui
Legendary
*
Offline Offline

Activity: 1386
Merit: 1016



View Profile
September 27, 2016, 05:40:35 AM
 #1822

Of course that  they lose as gambling site creators wants to earn lots of profit from gamblers,  so every gambler can't always win, creators would earn nothing then
thats true, i think it is better to just stay away from gambling because gambling websites will always make you lose money

That's why we should play these games only sometimes when you want some fun but most of the gamblers want to chase the winning from these games so they end up losing lot of money in gambling and that's why many new gambling houses are coming up.
Because once you have gambling site you will really make money. And if you have it, even if you play again and again that is okay as long as you know that you can earn more than what you have spend, that is just fine. Right?

Unless you own 100% of the gambling site, then you will not lose your money. For those who only own a part of it, you will stand to get back a small percentage of losses. And if you own the casino, it is quite pointless to gamble cause overall, you wont lose or gain anything when you play and that will remove the main point of gambling.
mirakal
Legendary
*
Offline Offline

Activity: 3304
Merit: 1292


Leading Crypto Sports Betting & Casino Platform


View Profile
September 27, 2016, 05:55:30 AM
 #1823

Of course that  they lose as gambling site creators wants to earn lots of profit from gamblers,  so every gambler can't always win, creators would earn nothing then
thats true, i think it is better to just stay away from gambling because gambling websites will always make you lose money

That's why we should play these games only sometimes when you want some fun but most of the gamblers want to chase the winning from these games so they end up losing lot of money in gambling and that's why many new gambling houses are coming up.
Because once you have gambling site you will really make money. And if you have it, even if you play again and again that is okay as long as you know that you can earn more than what you have spend, that is just fine. Right?

Unless you own 100% of the gambling site, then you will not lose your money. For those who only own a part of it, you will stand to get back a small percentage of losses. And if you own the casino, it is quite pointless to gamble cause overall, you wont lose or gain anything when you play and that will remove the main point of gambling.
Owning or just partly an owner(investor) has the same probability of making profit, the reality will always happen that gamblers loses in the long run therefore the answer would be always be the casinos are profitable, now if you invest you take part of the profit base on percentage of ownership.

..Stake.com..   ▄████████████████████████████████████▄
   ██ ▄▄▄▄▄▄▄▄▄▄            ▄▄▄▄▄▄▄▄▄▄ ██  ▄████▄
   ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██  ██████
   ██ ██████████ ██      ██ ██████████ ██   ▀██▀
   ██ ██      ██ ██████  ██ ██      ██ ██    ██
   ██ ██████  ██ █████  ███ ██████  ██ ████▄ ██
   ██ █████  ███ ████  ████ █████  ███ ████████
   ██ ████  ████ ██████████ ████  ████ ████▀
   ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██
   ██            ▀▀▀▀▀▀▀▀▀▀            ██ 
   ▀█████████▀ ▄████████████▄ ▀█████████▀
  ▄▄▄▄▄▄▄▄▄▄▄▄███  ██  ██  ███▄▄▄▄▄▄▄▄▄▄▄▄
 ██████████████████████████████████████████
▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄
█  ▄▀▄             █▀▀█▀▄▄
█  █▀█             █  ▐  ▐▌
█       ▄██▄       █  ▌  █
█     ▄██████▄     █  ▌ ▐▌
█    ██████████    █ ▐  █
█   ▐██████████▌   █ ▐ ▐▌
█    ▀▀██████▀▀    █ ▌ █
█     ▄▄▄██▄▄▄     █ ▌▐▌
█                  █▐ █
█                  █▐▐▌
█                  █▐█
▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█
▄▄█████████▄▄
▄██▀▀▀▀█████▀▀▀▀██▄
▄█▀       ▐█▌       ▀█▄
██         ▐█▌         ██
████▄     ▄█████▄     ▄████
████████▄███████████▄████████
███▀    █████████████    ▀███
██       ███████████       ██
▀█▄       █████████       ▄█▀
▀█▄    ▄██▀▀▀▀▀▀▀██▄  ▄▄▄█▀
▀███████         ███████▀
▀█████▄       ▄█████▀
▀▀▀███▄▄▄███▀▀▀
..PLAY NOW..
BitcoinSupremo
Copper Member
Hero Member
*****
Offline Offline

Activity: 1442
Merit: 529


View Profile
September 27, 2016, 05:58:08 AM
 #1824

Of course that  they lose as gambling site creators wants to earn lots of profit from gamblers,  so every gambler can't always win, creators would earn nothing then
thats true, i think it is better to just stay away from gambling because gambling websites will always make you lose money

That's why we should play these games only sometimes when you want some fun but most of the gamblers want to chase the winning from these games so they end up losing lot of money in gambling and that's why many new gambling houses are coming up.
Because once you have gambling site you will really make money. And if you have it, even if you play again and again that is okay as long as you know that you can earn more than what you have spend, that is just fine. Right?

Unless you own 100% of the gambling site, then you will not lose your money. For those who only own a part of it, you will stand to get back a small percentage of losses. And if you own the casino, it is quite pointless to gamble cause overall, you wont lose or gain anything when you play and that will remove the main point of gambling.
Owning or just partly an owner(investor) has the same probability of making profit, the reality will always happen that gamblers loses in the long run therefore the answer would be always be the casinos are profitable, now if you invest you take part of the profit base on percentage of ownership.

If investing is so much profitable as everybody here is saying in a casino bankroll then what is the casino gain for offering such opportunity especially when the casino is a big and known one ? I know there are a few well established casinos like crypto-games which offer such option but the number of the games there to play for gamblers is very small compared to other casinos so I guess that's why they want to make it attractive by offering investments.
hua_hui
Legendary
*
Offline Offline

Activity: 1386
Merit: 1016



View Profile
September 27, 2016, 06:08:16 AM
 #1825

Everyone loses in the long run because we are in gambling and the house always wins, that is the fact that every gambler should know. Gambling sites are created to make money and we are not.

That is why a lot of government allows casino to be built cause they will know that casino will earn a lot of money and from then, they can have a huge tax on the casino to get more growth for the government. However, the issue is whether the country is able to protect its citizen from creating any social issues.
cjmoles
Legendary
*
Offline Offline

Activity: 1176
Merit: 1017


View Profile WWW
September 27, 2016, 06:18:11 AM
 #1826

Those who play skill based games have a far better chance of winning in the long when they play often then those who play games of chance exclusively.  Any game that takes a house edge is a losing proposition in the long run.  One has a lot better chance of coming out ahead playing poker as opposed to slots, dice, plinko, or roulette. There is a significant amount of skill involved in the game of poker; whereas, games of chance alone don't provide many options other than bankroll management schemes, which are rarely effective and often abused.  
freedomgo
Legendary
*
Offline Offline

Activity: 3276
Merit: 1178


Playbet.io - Crypto Casino and Sportsbook


View Profile
September 27, 2016, 06:35:09 AM
 #1827

Everyone loses in the long run because we are in gambling and the house always wins, that is the fact that every gambler should know. Gambling sites are created to make money and we are not.

That is why a lot of government allows casino to be built cause they will know that casino will earn a lot of money and from then, they can have a huge tax on the casino to get more growth for the government. However, the issue is whether the country is able to protect its citizen from creating any social issues.
Government are after of the big taxes they can collect in a casino because they know how profitable a gambling industry is, but this time gamblers are smarter, they adopt to bitcoin to get rid of tax laws and to maximize their income, no one tax you if you are anonymous.

███████████████
█████████████████████
██████▄▄███████████████
██████▐████▄▄████████████
██████▐██▀▀▀██▄▄█████████
████████▌█████▀██▄▄██████
██████████████████▌█████
█████████████▀▄██▀▀██████
██████▐██▄▄█▌███████████
██████▐████▀█████████████
██████▀▀███████████████
█████████████████████
███████████████

.... ..Playbet.io..Casino & Sportsbook.....Grab up to  BTC + 800 Free Spins........
████████████████████████████████████████
██████████████████████████████████████████████
██████▄▄████████████████████████████████████████
██████▐████▄▄█████████████████████████████████████
██████▐██▀▀▀██▄▄██████████████████████████████████
████████▌█████▀██▄▄█████▄███▄███▄███▄█████████████
██████████████████▌████▀░░██▌██▄▄▄██████████████
█████████████▀▄██▀▀█████▄░░██▌██▄░░▄▄████▄███████
██████▐██▄▄█▌██████████▀███▀███▀███▀███▀█████████
██████▐████▀██████████████████████████████████████
██████▀▀████████████████████████████████████████
██████████████████████████████████████████████
████████████████████████████████████████
zend7
Hero Member
*****
Offline Offline

Activity: 658
Merit: 501

Hackers please hack me .... if you can :)


View Profile
September 27, 2016, 01:52:28 PM
 #1828

There is a way to not losing in sports betting but however there are certain requisites which very few people in real life have them.

1. Very large bankroll
2. Follow a good tipster not those of the forum for the time being ( usually betadvisor websites offer tipsters with odd more than 2 that rarely lose 3-4 times in a row)
3. Double your bet after every loss until you win (huge bankroll needed as I am saying)
4. Take your profit.

Risky but it shows it can be done.
lixer
Hero Member
*****
Offline Offline

Activity: 2688
Merit: 588



View Profile
September 27, 2016, 02:05:46 PM
 #1829

There is a way to not losing in sports betting but however there are certain requisites which very few people in real life have them.

1. Very large bankroll
2. Follow a good tipster not those of the forum for the time being ( usually betadvisor websites offer tipsters with odd more than 2 that rarely lose 3-4 times in a row)
3. Double your bet after every loss until you win (huge bankroll needed as I am saying)
4. Take your profit.

Risky but it shows it can be done.
Sports betting must be an exception among all other gambling types. Moreover, in my opinion sports betting is not a gambling, as it has room to apply our knowledge. Sports betting might get more chances to make more profits in long run whereas other gambling are not like that.

YuginKadoya
Legendary
*
Offline Offline

Activity: 3038
Merit: 1169



View Profile
September 27, 2016, 02:06:52 PM
 #1830

Casino are setup to make sure that they can gain money. And where does these money come from, it came from the gamblers. The games that they have are carefully designed so that the gambler will always be in a disadvantage situation that make you lose most of the time. However, they also dont want to let the advantage to be so big until you see as no hope of winning.
completely right they will allow you to win little by little allowing you to think that you are getting advantage coming from it but for sure playing on a long run will take that advantage from you and start collecting their earning from your money keeps you lose from time to time you play.

Yup, that is the power of probability. There is hope that you can win by luck but the more you play, the power of probability will creep in and drain away all your profit and eat into your bankroll. So trying to win the casino is very hard in the long run and that is also why in this world, there are more and more casino popping out especially in this decade we even had Macau's casinos overtook LA.
things make everyone lost in the long run are when they have not a large bankroll enough and a bankroll management that can adjust between your losing and winning. they gamble blindly and in the end you just got losing more and more.

I think that most gambling methods works that way and even if you had a large amount of bankroll you can not predict the thing to bet on and the rink involve in playing gambling will always be there and for the down fall every gambler will only rely on luck alone! but at least there are certain gamblers that can pretty much handle it than becoming addicted over gambling.
bankroll management hold a key role on gambler's statistics to make a profit or not , i believe on that . as long as people stick to the rules and doing a good bankroll management i guess everyone wouldn't lost in the long run' , just mostly. you could gain a profit steady everyday .

What about the persons that already being addicted with gambling I think even if he can manage his bankroll the addiction would still kick in and I think his deduction over his bankroll management will be gone because an addicted person in gambling will lose over his control when it comes to gambling and will keep on playing until his money goes to waste or rather keeps on playing even if he doesn't have money he would do something regardless on making a loan or borrowing money so he could satisfy his hunger over gambling.
bajing
Legendary
*
Offline Offline

Activity: 1176
Merit: 1001


The most Professional Cryptocurrency Casino


View Profile
September 27, 2016, 02:09:05 PM
 #1831

Of course that  they lose as gambling site creators wants to earn lots of profit from gamblers,  so every gambler can't always win, creators would earn nothing then
i think not every one but most of the people loses in the long run, because have personal experience about some people, as i saw some people who won a lot of money and then quit gambling for ever, and now leading a happy life.

This happens like once in a million. You can't really control your money and run away with it forever.. Because if you want to get $1k in a month or $250k per week in winnings it's the same thing, you can lose if unlucky or you can win it if you're lucky.


True, this are things that gambler should really have to considered first. The amount that you will be  aiming to earn like your example is the same amount that you are also be going to lose too
That's necessary when you are in gambling, you need to know your goal whether how much you wanted to earn and lose, that is how to control your self in gambling because in most cases it is hard to control when we are winning or losing a big amount of money.
Not true when you have a target to stop after hit your winnings target and when you are closer with your winnings target it will make you a hurry to achieve it and sometimes you will get a defeat because you are not careful.

FORTUNEJACK.COM[
                            
9 BTC WELCOME PACK FOR 1ST 5 DEPOSITS
FREE 1,000 mBTC daily for LuckyJack winners
[
          
]
crairezx20
Legendary
*
Offline Offline

Activity: 1638
Merit: 1046



View Profile
September 27, 2016, 03:02:44 PM
 #1832

Of course that  they lose as gambling site creators wants to earn lots of profit from gamblers,  so every gambler can't always win, creators would earn nothing then
i think not every one but most of the people loses in the long run, because have personal experience about some people, as i saw some people who won a lot of money and then quit gambling for ever, and now leading a happy life.

This happens like once in a million. You can't really control your money and run away with it forever.. Because if you want to get $1k in a month or $250k per week in winnings it's the same thing, you can lose if unlucky or you can win it if you're lucky.


True, this are things that gambler should really have to considered first. The amount that you will be  aiming to earn like your example is the same amount that you are also be going to lose too
That's necessary when you are in gambling, you need to know your goal whether how much you wanted to earn and lose, that is how to control your self in gambling because in most cases it is hard to control when we are winning or losing a big amount of money.
Not true when you have a target to stop after hit your winnings target and when you are closer with your winnings target it will make you a hurry to achieve it and sometimes you will get a defeat because you are not careful.
Well its a nature of gambling so you should be care about your funds if you want the real profit make sure to secure first your winning profit before you can start your new game..
poplolnman
Legendary
*
Offline Offline

Activity: 1442
Merit: 1008



View Profile
September 27, 2016, 04:06:35 PM
 #1833

Casino are setup to make sure that they can gain money. And where does these money come from, it came from the gamblers. The games that they have are carefully designed so that the gambler will always be in a disadvantage situation that make you lose most of the time. However, they also dont want to let the advantage to be so big until you see as no hope of winning.
completely right they will allow you to win little by little allowing you to think that you are getting advantage coming from it but for sure playing on a long run will take that advantage from you and start collecting their earning from your money keeps you lose from time to time you play.

Yup, that is the power of probability. There is hope that you can win by luck but the more you play, the power of probability will creep in and drain away all your profit and eat into your bankroll. So trying to win the casino is very hard in the long run and that is also why in this world, there are more and more casino popping out especially in this decade we even had Macau's casinos overtook LA.
things make everyone lost in the long run are when they have not a large bankroll enough and a bankroll management that can adjust between your losing and winning. they gamble blindly and in the end you just got losing more and more.

I think that most gambling methods works that way and even if you had a large amount of bankroll you can not predict the thing to bet on and the rink involve in playing gambling will always be there and for the down fall every gambler will only rely on luck alone! but at least there are certain gamblers that can pretty much handle it than becoming addicted over gambling.
with managing your bankroll i believe your chance to become addicted would be lesser than gamble rely on pure luck. people get addicted to gamble because they don't know the limit , they didn't see how much they have won , they have lost! it could be they still in profit even have lost 20 bitcoin? who knows.

I'm in 400,000 euros debt , dont help me , i rather die
Kotone
Hero Member
*****
Offline Offline

Activity: 1372
Merit: 503


View Profile WWW
September 27, 2016, 04:09:54 PM
 #1834

This is true but i know a small amount of people who do well as pro gamblers..
Only few gamblers become successful in gambling, because most of the time when we play gambling we can lose often than winnings. This is true even if we try to play gambling now for sure we can lose our money at the same time. So gambling sites owner is very lucky to have one.
Some of gamblers are not become succesful you know why gambling site is cna live long because those players who loses lots of bitcoin and thats the reason why it is good to have a gambling webstmite even you dont have work you can really live with bitcoins because of the profit.

doomistake
Hero Member
*****
Offline Offline

Activity: 1400
Merit: 571


View Profile
September 27, 2016, 04:19:05 PM
 #1835

I agree with what you've all said sir. Nobody wins in gambling because there's no such thing on gambling. Most of the people who do gambling thinks that they are lucky whenever they win, but is it really their luck because they win? I think it's not. Letting them win is just a plan of gambling houses like Casinos and so on. They are doing this on purpose in order to the gamblers get more addicted on what they are doing but most of the gamblers are just ignoring this fact about gambling that's why most of them ended up from a rich one to a broke one because they've loss all of their money and all their property in this stupid way of earning a living.
buddu
Hero Member
*****
Offline Offline

Activity: 700
Merit: 500


View Profile
September 27, 2016, 04:34:42 PM
 #1836

We can say everyone because large number of gamblers face this type of destiny in short or long run. There are very few gamblers who most of the times win ,not always because this is not possible in any type of gambling else casinos enter in bankruptcy. Those very few don't represent the results and I have same to say, yes, everyone loses in long run.
futurebit640
Hero Member
*****
Offline Offline

Activity: 910
Merit: 1000


View Profile
September 27, 2016, 07:33:41 PM
 #1837

We can say everyone because large number of gamblers face this type of destiny in short or long run. There are very few gamblers who most of the times win ,not always because this is not possible in any type of gambling else casinos enter in bankruptcy. Those very few don't represent the results and I have same to say, yes, everyone loses in long run.
This is common in gambling. In gambling, only lucky persons will make a profit, and the luck will not come daily. And the winning strategy will not work in next bet. So suppose if you are in the long run win in any game. Quit the game where you think that you are in profit. If you continue the game means the end of the play you will make your wallet empty.
cjmoles
Legendary
*
Offline Offline

Activity: 1176
Merit: 1017


View Profile WWW
September 27, 2016, 07:53:40 PM
 #1838

We can say everyone because large number of gamblers face this type of destiny in short or long run. There are very few gamblers who most of the times win ,not always because this is not possible in any type of gambling else casinos enter in bankruptcy. Those very few don't represent the results and I have same to say, yes, everyone loses in long run.
This is common in gambling. In gambling, only lucky persons will make a profit, and the luck will not come daily. And the winning strategy will not work in next bet. So suppose if you are in the long run win in any game. Quit the game where you think that you are in profit. If you continue the game means the end of the play you will make your wallet empty.

That's generally true in games that are based on purely chance....But, in skill based games, such as poker, the end result could be quite different depending on one's skill level.  Plus, even in games of chance, the long term outcome could be positive if one consistently takes bets when the odds are in their favor like the house does.  The house wins in the long run because the odds are in their favor. They design it that way....it's not luck.  Put it this way, if I went to a bar and bet on my favorite football team and I only accepted bets from those who gave me a +37 point handicap, I'd win in the long run, right?  ONLY ACCEPT BETS WHEN THE EXPECTED VALUE IS POSITIVE and one can EXPECT to win in the long run....It's a choice.  <-- And, it's a skill to recognize when the odds are in one's favor....not luck!
Newcoins2020
Sr. Member
****
Offline Offline

Activity: 406
Merit: 250



View Profile
September 27, 2016, 10:25:03 PM
 #1839

We can say everyone because large number of gamblers face this type of destiny in short or long run. There are very few gamblers who most of the times win ,not always because this is not possible in any type of gambling else casinos enter in bankruptcy. Those very few don't represent the results and I have same to say, yes, everyone loses in long run.

It is a common fact that gambling is made for the house. It's the casino who earns from gambling first. Then there is a elite group of gamblers who either win of luck or skill.
ANd then there is a very large group (us) who gamble to get excitement and lose most of our gambling money.
pearnapple
Sr. Member
****
Offline Offline

Activity: 504
Merit: 250

CryptoTalk.Org - Get Paid for every Post!


View Profile
September 27, 2016, 10:36:18 PM
 #1840

We can say everyone because large number of gamblers face this type of destiny in short or long run. There are very few gamblers who most of the times win ,not always because this is not possible in any type of gambling else casinos enter in bankruptcy. Those very few don't represent the results and I have same to say, yes, everyone loses in long run.

It is a common fact that gambling is made for the house. It's the casino who earns from gambling first. Then there is a elite group of gamblers who either win of luck or skill.
ANd then there is a very large group (us) who gamble to get excitement and lose most of our gambling money.
thats true, i think that everyone will definitely lose money in a longer run, thats why it is so bad to be addicted

 
                                . ██████████.
                              .████████████████.
                           .██████████████████████.
                        -█████████████████████████████
                     .██████████████████████████████████.
                  -█████████████████████████████████████████
               -███████████████████████████████████████████████
           .-█████████████████████████████████████████████████████.
        .████████████████████████████████████████████████████████████
       .██████████████████████████████████████████████████████████████.
       .██████████████████████████████████████████████████████████████.
       ..████████████████████████████████████████████████████████████..
       .   .██████████████████████████████████████████████████████.
       .      .████████████████████████████████████████████████.

       .       .██████████████████████████████████████████████
       .    ██████████████████████████████████████████████████████
       .█████████████████████████████████████████████████████████████.
        .███████████████████████████████████████████████████████████
           .█████████████████████████████████████████████████████
              .████████████████████████████████████████████████
                   ████████████████████████████████████████
                      ██████████████████████████████████
                          ██████████████████████████
                             ████████████████████
                               ████████████████
                                   █████████
YoBit AirDrop $|
Get 700 YoDollars for Free!
🏆
Pages: « 1 ... 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 [92] 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 »
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!