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Author Topic: Gambling can be profitable in the long run! It is possible!  (Read 37303 times)
goldcoinminer
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June 19, 2016, 03:02:07 PM
 #1021

Only people who always says that luck will give you a good chance to win will not be profitable in the long run, if we speak of gambling it requires certain consistency in order to win in the long run, luck will not give you a good chance to beat the house, it will only give you a temporary win that will destruct your mind about your real chances in gambling to win.
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June 19, 2016, 05:04:39 PM
 #1022

I've been in the gambling industry (working) for 25 years, and prior to that grew up with a dad who sold gambling machines for a living, so I have plenty of experience. Whilst of course there are variants in the short term, over a period of time, the house will retain it's edge in various obvious, and not so obvious ways.

It's a fascinating subject and one that is a complex mix of mathematics, human emotions, Phycology and much more. Without getting into the vast complexities of how gambling venues/games/sites etc go about exactly retaining an edge, the simplest way to look at it is that the longer you play, the more probability, edge and maths work in the houses favor. 

If you toss a coin five times, you may get 5 heads or 5 tails, toss it 100 and you will get more or less 50/50.





that is the power of probability. In the short run, a lot of people manage to win a few times and start to believe that they are able to constantly gain profit from gambling. So they will end up keep visiting the casino to gamble. However, they will all end up losing cause the power of probability will ensure that they are unable to profit in the long run.


Agreed with you, someone has to be very lucky to won big money but its not possible all time. One can win huge amount but later on if he continues with the gambling then in the long run he will loose more money than what he has won in the past.

Well said, so that if you dont want to lose a lot of money before you do gambling, think twice or thrice because one you started and win once, it'll be hard for you to stop doing this.
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June 19, 2016, 07:46:03 PM
 #1023

Only people who always says that luck will give you a good chance to win will not be profitable in the long run, if we speak of gambling it requires certain consistency in order to win in the long run, luck will not give you a good chance to beat the house, it will only give you a temporary win that will destruct your mind about your real chances in gambling to win.

That's exactly what I was thinking.
If your starting point is luck, you may win, but it will more often that you will lose. So be it short therm or long therm you will lose more then you win, since you can't predict your luck and thus wage higher bets, alas you have to make strategic bets and even then your average balance will be negative, unless offcourse if you play with a winning strategy, which I doubt exist.
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June 20, 2016, 02:18:41 AM
 #1024

Only people who always says that luck will give you a good chance to win will not be profitable in the long run, if we speak of gambling it requires certain consistency in order to win in the long run, luck will not give you a good chance to beat the house, it will only give you a temporary win that will destruct your mind about your real chances in gambling to win.

That's exactly what I was thinking.
If your starting point is luck, you may win, but it will more often that you will lose. So be it short therm or long therm you will lose more then you win, since you can't predict your luck and thus wage higher bets, alas you have to make strategic bets and even then your average balance will be negative, unless offcourse if you play with a winning strategy, which I doubt exist.
Sometimes luck is will give us a good benefits and we just bet with not brainer because even if what we select when the luck is with us we wins most of the time, but for better result you use your luck in a game that will give you more winnings and if you hit big then you might completely quit gambling because gambling is only for the few if you want to win.

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June 20, 2016, 07:51:24 AM
 #1025

Only people who always says that luck will give you a good chance to win will not be profitable in the long run, if we speak of gambling it requires certain consistency in order to win in the long run, luck will not give you a good chance to beat the house, it will only give you a temporary win that will destruct your mind about your real chances in gambling to win.

That's exactly what I was thinking.
If your starting point is luck, you may win, but it will more often that you will lose. So be it short therm or long therm you will lose more then you win, since you can't predict your luck and thus wage higher bets, alas you have to make strategic bets and even then your average balance will be negative, unless offcourse if you play with a winning strategy, which I doubt exist.
Sometimes luck is will give us a good benefits and we just bet with not brainer because even if what we select when the luck is with us we wins most of the time, but for better result you use your luck in a game that will give you more winnings and if you hit big then you might completely quit gambling because gambling is only for the few if you want to win.

Yes i agree this some times our luck will help us to make profit but many times our greedines will smash everything and make us to empty our wallet. This is correct ?. I think many gamblers will face this experience daily. I can not say that long run profit in gambling is not possible there are some people can make this. But this type of people we see very few in gambling.
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June 20, 2016, 08:03:55 AM
 #1026

My tactic of gambling is next: first I bet like 0,1$ then 0,2$ and ect with increasing my bet every time. So buy this tactic the percent of loosing Leeds longer, but anyway it should fall some good result for me and then I get pretty good prize. I'm just using the theory of contingency.

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June 20, 2016, 08:14:06 AM
 #1027

The title of this topic is already saying it in my eyes, it can be profitable of course but most of the times people will not have the luck to make money on a long run.
Its just that gambling is based on luck and to achieve long run profits you need so much luck.
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June 20, 2016, 05:24:49 PM
 #1028

Only people who always says that luck will give you a good chance to win will not be profitable in the long run, if we speak of gambling it requires certain consistency in order to win in the long run, luck will not give you a good chance to beat the house, it will only give you a temporary win that will destruct your mind about your real chances in gambling to win.

That's exactly what I was thinking.
If your starting point is luck, you may win, but it will more often that you will lose. So be it short therm or long therm you will lose more then you win, since you can't predict your luck and thus wage higher bets, alas you have to make strategic bets and even then your average balance will be negative, unless offcourse if you play with a winning strategy, which I doubt exist.
Strategies and gambling logics work only to decrease your loss. You can not be sure that once a strategy is applied you will always win, neither there is a strategy possible that will make your profit possible mathematically.
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June 20, 2016, 10:16:53 PM
 #1029

Only through extreme luck could it possibly be profitable. I can't see how over the long run it could be possible. The more money you have the smaller your chance of failure.

 
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June 20, 2016, 11:29:02 PM
 #1030

Only people who always says that luck will give you a good chance to win will not be profitable in the long run, if we speak of gambling it requires certain consistency in order to win in the long run, luck will not give you a good chance to beat the house, it will only give you a temporary win that will destruct your mind about your real chances in gambling to win.

True, that only luck can be had and enjoyed a short period of time. so if you only rely on luck then only damage and losses you can get. Gambling doesn't need luck, all it takes is a good trick or strategy. so from now on stop saying good luck early profiteers.
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June 21, 2016, 10:44:25 AM
 #1031

Only people who always says that luck will give you a good chance to win will not be profitable in the long run, if we speak of gambling it requires certain consistency in order to win in the long run, luck will not give you a good chance to beat the house, it will only give you a temporary win that will destruct your mind about your real chances in gambling to win.

True, that only luck can be had and enjoyed a short period. So if you only rely on luck then only damage and losses you can get. Gambling doesn't need luck, all it takes is a real trick or strategy. So from now on stop saying good luck early profiteers.

Yes, luck will help us to win in jackpot games, not in long run games. Luck will work out only short period it will not stay with us a long time so if you want to make long run win means you have to be well trained in all games what you play in gambling. But here also we need luck sometimes our strategy also help us to win in a long run.
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June 21, 2016, 10:55:06 AM
 #1032

Only people who always says that luck will give you a good chance to win will not be profitable in the long run, if we speak of gambling it requires certain consistency in order to win in the long run, luck will not give you a good chance to beat the house, it will only give you a temporary win that will destruct your mind about your real chances in gambling to win.

True, that only luck can be had and enjoyed a short period of time. so if you only rely on luck then only damage and losses you can get. Gambling doesn't need luck, all it takes is a good trick or strategy. so from now on stop saying good luck early profiteers.
What the heck you saying that gambling doesnt need luck. Most important in gambling is luck as there are no strategy exist that could really make you profit .
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June 21, 2016, 01:43:09 PM
 #1033

I dont think so ...it will a permanently solution for earning without a loss ....its just like a more than half chances to loose but a planned techniques n strategies will maximize the rate of winning ....n  patience will be d master key of tht.
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June 21, 2016, 06:38:19 PM
 #1034

I dont think so ...it will a permanently solution for earning without a loss ....its just like a more than half chances to loose but a planned techniques n strategies will maximize the rate of winning ....n  patience will be d master key of tht.
yes patience is the key according to me also...if u win just stop betting any more take the profit and then wait for some time...and if u loose just forget about it...
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June 22, 2016, 07:57:39 AM
 #1035

Its always depends in the game if you are just playing in dice game in long term base you can be lose and never made any profit but if you gamble your money in poker or sports betting this is a long term games.. so  you can make a profitalbe in long term base.. because sports betting is easy to predict and poker it depends in your skills..

OK. You are right. I am also with you in this matter. Sports betting is more profitable in long term than dice and etc. but I think dice also gives you profit. Sometime you are predicting other And result is other !

Gambling is just a part of fun and entertainment, and it is depend on us, if we want to play it than we are playing it. otherwise no need to play it. because it is not necessary for us. so for me, gambling is not profitable in the long run way.  

that is true that gambling is not profitable in long run. people doing this gamble thing is just to enjoy. If they go to the casino personally, they want to meet other people and meet new friends that is also interested in gambling. And also they will do conceit as much as they can do about their gambling game.
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June 22, 2016, 08:14:13 AM
 #1036

I dont think so ...it will a permanently solution for earning without a loss ....its just like a more than half chances to loose but a planned techniques n strategies will maximize the rate of winning ....n  patience will be d master key of tht.

True, indeed the initial capital to get a bigger victory in gambling is a technique or strategy. Without these things certainly gambling is done it is extremely messy and possibly small raises benefit. Patience and calm are key to minimize the defeat. Before doing the gambling we should think of the 3 keys, in order to avoid unwanted things
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June 22, 2016, 08:41:42 AM
 #1037

I dont think so ...it will a permanently solution for earning without a loss ....its just like a more than half chances to loose but a planned techniques n strategies will maximize the rate of winning ....n  patience will be d master key of tht.

True, indeed the initial capital to get a bigger victory in gambling is a technique or strategy. Without these things certainly gambling is done it is extremely messy and possibly small raises benefit. Patience and calm are key to minimize the defeat. Before doing the gambling we should think of the 3 keys, in order to avoid unwanted things

Exactly. What is the best we can do when gambling is minimizing the losses and that's the best strategy. Any "strategy" which you think can make you win a lot will leave you with nothing.

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June 22, 2016, 10:07:36 AM
 #1038

I dont think so ...it will a permanently solution for earning without a loss ....its just like a more than half chances to loose but a planned techniques n strategies will maximize the rate of winning ....n  patience will be d master key of tht.

True, indeed the initial capital to get a bigger victory in gambling is a technique or strategy. Without these things certainly gambling is done it is extremely messy and possibly small raises benefit. Patience and calm are key to minimize the defeat. Before doing the gambling we should think of the 3 keys, in order to avoid unwanted things

Having a bigger capital is indeed helps to get more profits. However, if you dont have a sound strategy, it may end up costing you more as you will end up having more to loss. So strategy is more important than a capital.
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June 22, 2016, 11:55:08 AM
 #1039

Mathematically, of course, it's possible. But if we use that logic, pretty much anything that seems impossible can be possible. Someone could win the lottery 100 times in a row, yes mathematically it's possible but let's be honest, it wont happen. If you are so sure that it's possible, give us an example of a gambler that played roulette (or any other gambling game with house edge) that has won in the long term (5-10 years)
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June 22, 2016, 01:04:24 PM
 #1040

I dont think so ...it will a permanently solution for earning without a loss ....its just like a more than half chances to loose but a planned techniques n strategies will maximize the rate of winning ....n  patience will be d master key of tht.

True, indeed the initial capital to get a bigger victory in gambling is a technique or strategy. Without these things certainly gambling is done it is extremely messy and possibly small raises benefit. Patience and calm are key to minimize the defeat. Before doing the gambling we should think of the 3 keys, in order to avoid unwanted things

Having a bigger capital is indeed helps to get more profits. However, if you dont have a sound strategy, it may end up costing you more as you will end up having more to loss. So strategy is more important than a capital.

Exactly and it depends on how smartly you handle it, may be sports betting can be profitable in long run as it not depends only on luck, if you have good strategy and knowledge about particular sport then you can secure some profits.
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