Everyone looses in the long run

[Golftech]

I hope gambling is for short term earning they won't provide any returns with your investment, even it won't have praise increase like bitcoin. Gambling is just a game you will make money when your guessing is correct other wise you will loose. No returns and No Guarantee.

"no returns and no guarantee ", that's right buddy its really hard to predict which way the bets will go but if you are jut doing it to make some fun and you are just doing it to spare your free time its better to treat it like that and just always remember rule number 1 always use only the money that you can afford to lose nothing in excess.

[TheUltraElite]

People think its about higher bank roll because you just keep doubling until you win, a small bank roll runs out before his luck turns.   Im not sure thats the best approach as you can just lose double each time though it should be increasingly unlikely

That's very risky practice if someone have mind like this with bigger bankroll and keep multiplying the bet amount would bring success to us. This called martingale strategy which have been proven failed long time so it's sure every body will lose in long term.

Martingale is probably the worst strategy - and to be honest its not even a strategy at all. It just based on some assumptions which in reality does not hold true. So in other words you are bound to end up with zero balance since the ideal situation does not exist.

In general if you keep playing on and on, hoping to recover all losses and get a green on the balance, better to stop gambling since that will never happen. Chasing losses only leads to more losses and hence it is fatal.

[gabmen]

People think its about higher bank roll because you just keep doubling until you win, a small bank roll runs out before his luck turns.   Im not sure thats the best approach as you can just lose double each time though it should be increasingly unlikely

That's very risky practice if someone have mind like this with bigger bankroll and keep multiplying the bet amount would bring success to us. This called martingale strategy which have been proven failed long time so it's sure every body will lose in long term.

Yeah that's right. You place yourself in a more delicate situation with that strategy to lose pretty much everything. Luck doesn't come all the time so i think you shouldn't have to wait when you get lucky. If you win a decent amount, stop for the day because if you continue to bet with it, it's almost certain that your winnings will be wasted

[Botnake]

People think its about higher bank roll because you just keep doubling until you win, a small bank roll runs out before his luck turns.   Im not sure thats the best approach as you can just lose double each time though it should be increasingly unlikely

That's very risky practice if someone have mind like this with bigger bankroll and keep multiplying the bet amount would bring success to us. This called martingale strategy which have been proven failed long time so it's sure every body will lose in long term.

Martingale is probably the worst strategy - and to be honest its not even a strategy at all. It just based on some assumptions which in reality does not hold true. So in other words you are bound to end up with zero balance since the ideal situation does not exist.

In general if you keep playing on and on, hoping to recover all losses and get a green on the balance, better to stop gambling since that will never happen. Chasing losses only leads to more losses and hence it is fatal.

Not the worst, everyone has their own experience with that method, what makes it not working to us is because we are not doing it with discipline. We do not want to end up losing in a day which results to chasing without a specific target. In sports betting, I tried using that method and I succeeded. Definitely, my experience would prove it's not the worst one.

[daringdiscovered]

People think its about higher bank roll because you just keep doubling until you win, a small bank roll runs out before his luck turns.   Im not sure thats the best approach as you can just lose double each time though it should be increasingly unlikely

That's very risky practice if someone have mind like this with bigger bankroll and keep multiplying the bet amount would bring success to us. This called martingale strategy which have been proven failed long time so it's sure every body will lose in long term.

Martingale is probably the worst strategy - and to be honest its not even a strategy at all. It just based on some assumptions which in reality does not hold true. So in other words you are bound to end up with zero balance since the ideal situation does not exist.

In general if you keep playing on and on, hoping to recover all losses and get a green on the balance, better to stop gambling since that will never happen. Chasing losses only leads to more losses and hence it is fatal.

In martingale strategy you need a very big amount of bankroll to endure the losing streaks that will hit you until you win. And having a huge money on gambling is not easy for anyone to risk from it. No one can say if you can win even if you have a big bankroll on it. Gambling is a game of luck. Small or big bankroll, if you are lucky that time then you can win, if you're not then you will lose.

[Rinder]

Sporting bets are an interesting market, but i dont see anyone being able to survice from those bets, in the general just few people able to live from gambling, and the most of them are casinos or dice owners. Gambling werent made to let you make money, and yes to turn into a cash machine to owners, anyway, its a fact you will loose in the long run, and you will try to recover, just be sure you arent wasting time and money.

[Mr. Big]

Sporting bets are an interesting market, but i dont see anyone being able to survice from those bets, in the general just few people able to live from gambling, and the most of them are casinos or dice owners. Gambling werent made to let you make money, and yes to turn into a cash machine to owners, anyway, its a fact you will loose in the long run, and you will try to recover, just be sure you arent wasting time and money.

That sums it up, only few people survive because of gambling, and mostly are owners/operators, investors, and few lucky people... But it doesn't mean that they don't lose any, they too suffer some losses on the way before they become successful, and everyday they are facing risks, but since it is part of them already, they thrive... 

[bitllionaire]

but most of the people play gambling for making money and not for entertainment and they can only entertained in gambling if they are making money in gambling. but it is also a fact that majority of people lose money in gambling but still they continue their struggle to make money in gambling.

People wont be able to make any money in gambling for sure. I'll probably be the first one to be rich in gambling if I could be making money from it. I have been gamble alot and Im not rich for sure , the only way to make money is to only invest in a gambling sites that has top volume and the result is worth it

no i disagree with your opinion, you could make money in gambling it is just the mater of how much your chance. and the answer are there is very low chance for you to make it happen , you need a super lucky to leave gambling in the right time.

and ended up your career with a good amount to live in the rest of your life.

You could earn if you are not that greedy. Make sure that you can provide a healthy bankroll to start with and not be greedy when the time comes you need it. Bet proper amounts and withdraw small amounts, in the long run, you could win. There is no assurance in that if you just gamble and not making good decisions. Better be safe than sorry.

healthy bankroll you mean with larger bankroll? i don't think it was a good idea.

higher bankroll you bring in higher risk you take to lost the whole amount . why you have to do it when you can make low amount to the high when you are lucky enough right? better to lost small amount rather than take too big risk.

A gambler is not an idiot to raise a bigger bankroll if he does not believe in his capacity to win. Though it's possible to raise a big amount of bankroll, it's still important they we should not violate the principle of not to gamble what you can afford to lose. Those who can raise a good amount are people who considers gambling as their profession.

i think most of the people know about their capacity of winning money in gambling. they already know that they can lose money but still they want to continue. actually they do not accept their lost in gambling. may be there are some people who are even too good in gambling and making decent amount of money and therefore they consider it as their profession. but still there is too much risk in gambling because gambling mostly depend of your luck.

[thisappointed]

Everybody loses in gambling in the long run but some clever and successfull bettors can make their living from sport bets. It's like a profession. If you have great game plans and your discipline is at max, you can make a lot of money from betting. Don't mix your feelings when you bet.

Some people do not have that capacity. They end up borrowing/stealing money from their friends without telling them it's to go play poker. Some addicts destroy the lives of everyone around them, and I am I admit one of those people who may end up doing that. I won $3000 at a casino all at once one time and I thought it was a way to make money. Never hit that jackpot again since.

I agree with you, and also others are borrowing money from their friends saying that they will use it on something that is important, but the real thing is, they will just use it for gambling, some of the gamblers lies because they don't have money to use in gambling that is why they are doing everything whatever it takes just to have some. The worst case scenario is that they will stole money from someone, just like what you have said, and the other one is that, they are willing to kill people just to have money to be use in this addicting game.

[puremage111]

Yeah especially the famous martingale

I Tried simulating

Even with very great odds to win

just 2% losing

Run for 100k run, it will be profitable

but run for a 500k run, end up making loss

[crwth]

Yeah especially the famous martingale

I Tried simulating

Even with very great odds to win

just 2% losing

Run for 100k run, it will be profitable

but run for a 500k run, end up making loss

The logic I'm thinking about when I gamble is that when you hit a certain a point in gambling, you will actually reach a point where you will lose lots of times. That's always for sure, but it's rare but it can happen. Just believe that you can and don't burn out the game because in time, you will burn it out and lose everything.

[just_Alice]

Yeah especially the famous martingale

I Tried simulating

Even with very great odds to win

just 2% losing

Run for 100k run, it will be profitable

but run for a 500k run, end up making loss

Although I agree with the last sentence, I disagree with the previous one. No way it's guaranteed to win even 100k sats with a martingale strategy. I think you know that too, but a newbie might think it's possible to win constantly 100k with a martingale strategy and every time after winning just stop and withdraw. That's not actually how it is. Just yesterday I lost 300k in 5 minutes using my favorite martigale strategy, and I made no profit before that, I started losing from the very beginning.

[pereira4]

Not everyone. Some people get away with a constant streak of luck and then they retire with the millions they make, those are the winners that know when to stop, and that is the key right there to glory: have a few lucky strikes, be it in gambling or investments or anything else, then retire and never gamble again and live from passive income.

[blackhawkeye1912]

Sporting bets are an interesting market, but i dont see anyone being able to survice from those bets, in the general just few people able to live from gambling, and the most of them are casinos or dice owners. Gambling werent made to let you make money, and yes to turn into a cash machine to owners, anyway, its a fact you will loose in the long run, and you will try to recover, just be sure you arent wasting time and money.

That sums it up, only few people survive because of gambling, and mostly are owners/operators, investors, and few lucky people... But it doesn't mean that they don't lose any, they too suffer some losses on the way before they become successful, and everyday they are facing risks, but since it is part of them already, they thrive... 

Yes true not anyone are being able to survive from those bets, And those people who live from gambling are the wealthy people due to lots of money, but lot of loses too in the gambling but they can survive, unlike ordinary gambler don't have much fund to stay in the game even they like stay more but that can't be because no fund anymore.

[Yuhee]

Not everyone. Some people get away with a constant streak of luck and then they retire with the millions they make, those are the winners that know when to stop, and that is the key right there to glory: have a few lucky strikes, be it in gambling or investments or anything else, then retire and never gamble again and live from passive income.

I do agree with your statement, some people don't realize when they won x2 or x3 on their initial bet they really want to gain more. That's why while when you're in the middle of the game and you keep winning, have a presence of mind. That you already produced a profit and ready to run and leave the house and will never comeback again. Guaranteed you don't lose in the long run.

[Aamir1]

Yeah especially the famous martingale

I Tried simulating

Even with very great odds to win

just 2% losing

Run for 100k run, it will be profitable

but run for a 500k run, end up making loss

Martingale has been proved to be the most destructive gambling strategy so far. Mostly people use this strategy so that they don't lose anything because after every bet the bet amount gets doubled so that the lost bet gets recovered, but when the lose streak starts then it becomes really difficult to stop that and at the end you will find your account swept completely.

[crwth]

Martingale has been proved to be the most destructive gambling strategy so far. Mostly people use this strategy so that they don't lose anything because after every bet the bet amount gets doubled so that the lost bet gets recovered, but when the lose streak starts then it becomes really difficult to stop that and at the end you will find your account swept completely.

When you lose around 8 times, you probably are going to lose your bankroll except if you have a big one. I do some modified martingale and calculate what is the most probable way to earn. There's always risk in it but you should just keep away from the greediness, you will likely encounter losing streaks.

[wxa7115]

as long as you play on a game that have a house edge which it's has -EV , i'm sure you wouldn't have fun at all and never get profit in the long run. but you can try a game like poker or sportsbetting which has +EV , at least you would have better chance to fight for your luck there instead against house edge that honestly i think it's never ending.

If sportsbetting has EV+ house edge then everyone will win and no one will open up sportsbook site. Does this even make sense to you? because it doesnt to me, you might need to make some math calculation for this. Even if you do few math calculation, you wont really see sportsbet as an EV+ game

of course i do, there a lot of things to do to make sportsbetting +EV , like to looking for a news that could affected the team/player form , statistics , head to head etc all of them need to be analyzed then you would have a +EV there. it's doesn't mean everyone would win just because a game have +EV , then makes sense now?

This is correct the house has an advantage over the player but the player can overcome the house advantage by being able to better determine the real chances of something happening, like what team is going to win and getting an edge for himself but it is not easy and not everyone can get it.

[freedomgo]

as long as you play on a game that have a house edge which it's has -EV , i'm sure you wouldn't have fun at all and never get profit in the long run. but you can try a game like poker or sportsbetting which has +EV , at least you would have better chance to fight for your luck there instead against house edge that honestly i think it's never ending.

If sportsbetting has EV+ house edge then everyone will win and no one will open up sportsbook site. Does this even make sense to you? because it doesnt to me, you might need to make some math calculation for this. Even if you do few math calculation, you wont really see sportsbet as an EV+ game

of course i do, there a lot of things to do to make sportsbetting +EV , like to looking for a news that could affected the team/player form , statistics , head to head etc all of them need to be analyzed then you would have a +EV there. it's doesn't mean everyone would win just because a game have +EV , then makes sense now?

This is correct the house has an advantage over the player but the player can overcome the house advantage by being able to better determine the real chances of something happening, like what team is going to win and getting an edge for himself but it is not easy and not everyone can get it.

You cannot beat the house advantage, that is there main weapon which give them the opportunity to last in the business longer. If you really want to win, go with games that there is not house edge and that is a skilled based games, in that way, you can develop your skills as you stay longer.

[eann014]

Not all can lose in a long run, because some smart people can win in a long run, some of them playing small bet in every game. So they can also play a lot times and some of their games win.