foggyb
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January 05, 2016, 11:45:47 PM |
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It is possible that your winning streak will continue infinitely but the chances are very, very, very slim.
No it is not possible because there is no such thing as an actual infinity in this universe. There is a limit to every physical attribute to the universe. |
I just registered for the $PLOTS presale! Thank you @plotsfinance for allowing me to purchase tokens at the discounted valuation of only $0.015 per token, a special offer for anyone who participated in the airdrop. Tier II round is for the public at $0.025 per token. Allocation is very limited and you need to register first using the official Part III link found on their twitter. Register using my referral code CPB5 to receive 2,500 points.
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crairezx20
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January 06, 2016, 02:09:08 AM |
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gambling can be profitable in a very long run but i doubt that it can be profitable for all your gambling career as gambling websites have house edge what will not you allow to earn vast amounts of money, believe me i have experience with it
It depends of the game if you a poker player you should know it. Because playing poker needs to think much before you make a move. So it takes a long time to win and make a profit.. but if you play dice game you will be lose in long run they are different.. |
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RealBitcoin (OP)
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January 06, 2016, 10:36:44 AM |
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It is possible that your winning streak will continue infinitely but the chances are very, very, very slim.
No it is not possible because there is no such thing as an actual infinity in this universe. There is a limit to every physical attribute to the universe. But it's enough to win 1 time the jackpot, and you dont need to gamble infinite times to do it. |
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Xmaseven
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January 06, 2016, 11:02:27 AM |
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nice to read this strong and simple analysis. thank you!!!  |
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xuan87
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January 06, 2016, 11:24:46 AM |
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as far as i know it is impossible, your theory maybe work on few people but i dont think its work on everyone
if its work to everyone , we wont see any casino today
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Patatas
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January 06, 2016, 11:38:52 AM |
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as far as i know it is impossible, your theory maybe work on few people but i dont think its work on everyone
if its work to everyone , we wont see any casino today
Correct, the theory is as true as the number of lucky winners in a casino who hit a jackpot,like one in 10 thousand? Similarly ,gambling can be profitable in the long run but just for few in thousands. |
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Snail2
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January 06, 2016, 03:12:44 PM |
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The theory the OP is probably working in a PVP game like poker but in a player vs casino scenario like dice you basically playing against a sort of "opponent", plus the house edge, while your resources are most likely limited, therefore you have very little chance in the long run.
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DarkStar_
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January 06, 2016, 03:15:48 PM |
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Good thread, but for that to happen your pretty much have to be very lucky.
Your chance of winning in the long run is very unlikely.
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taking a break - expect delayed responses
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HarryKPeters
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January 06, 2016, 04:17:11 PM |
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as far as i know it is impossible, your theory maybe work on few people but i dont think its work on everyone
if its work to everyone , we wont see any casino today
Yeah right. How in the hell would there be any casino's is gamblers were making profit. It couln't and it won't. For this reason most reasonable person go out gambling for fun and not for profits. Just a handfull try to be a gambling pro... needless to say they fail. |
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foggyb
Legendary
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Activity: 1694
Merit: 1006
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January 06, 2016, 04:49:37 PM |
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It is possible that your winning streak will continue infinitely but the chances are very, very, very slim.
No it is not possible because there is no such thing as an actual infinity in this universe. There is a limit to every physical attribute to the universe. But it's enough to win 1 time the jackpot, and you dont need to gamble infinite times to do it. Of course. |
I just registered for the $PLOTS presale! Thank you @plotsfinance for allowing me to purchase tokens at the discounted valuation of only $0.015 per token, a special offer for anyone who participated in the airdrop. Tier II round is for the public at $0.025 per token. Allocation is very limited and you need to register first using the official Part III link found on their twitter. Register using my referral code CPB5 to receive 2,500 points.
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fox19891989
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January 06, 2016, 04:56:21 PM |
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Of course there are some people who get ridiculous wealth from gambling, but only a few maybe less than 10% of total gamblers.
Sports arbitrage can be very profitable in the long term, and it is legit there, if you bet on pinnacle, they welcome arbitrage traders, so it means that many odds and lines are flexible, traders have good chance to make safe bets.
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gizane
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January 06, 2016, 05:53:37 PM |
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gambling can be profitable in a very long run but i doubt that it can be profitable for all your gambling career as gambling websites have house edge what will not you allow to earn vast amounts of money, believe me i have experience with it
It depends of the game if you a poker player you should know it. Because playing poker needs to think much before you make a move. So it takes a long time to win and make a profit.. but if you play dice game you will be lose in long run they are different.. Nope you dont really think much but you need think fast because the time is ticking, if you are not make a move you will auto fold. And it doesnt take long time to get big winning. Sometimes with low card like pair can lead you to big winning only if you dare to take that challenge Dice game you can't play too long because it has house edge that will guarantee your loss in long run |
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jt byte
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January 06, 2016, 06:16:52 PM |
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Of course there are some people who get ridiculous wealth from gambling, but only a few maybe less than 10% of total gamblers.
Sports arbitrage can be very profitable in the long term, and it is legit there, if you bet on pinnacle, they welcome arbitrage traders, so it means that many odds and lines are flexible, traders have good chance to make safe bets.
Well better yet make it less then 0.01%. The amount of gamblers online/offline are huge. Daily you will find only a few that will win. |
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Temo58
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January 06, 2016, 06:33:37 PM |
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thats profitable only for lucky members! thats it!  no other ways to get profit from sites like gambling. |
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RealBitcoin (OP)
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January 06, 2016, 07:25:37 PM |
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It is possible that your winning streak will continue infinitely but the chances are very, very, very slim.
No it is not possible because there is no such thing as an actual infinity in this universe. There is a limit to every physical attribute to the universe. But it's enough to win 1 time the jackpot, and you dont need to gamble infinite times to do it. Of course. But it's also paradoxical at the same time, the you said that there is no infinity in the universe. But mathematically there is the same odds for never winning the jackpot => variance exponentially increasing as you never win the jackpot And also it is also both true that in infinity all things come true, so it's a real paradox if you think about it. However if you dont believe in infinity, then there exist the odds of never winning the jackpot no matter how many times you try, and also winning the jackpot every single time at which point it's really hard to philosophically concieve how the world would look like. We all know that for some people it will just never happen but it will for others, so it seems to me that luck is deterministic to every single person, you can achieve only so much in your life. And it's not you who rolls the cosmic dice. |
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RealBitcoin (OP)
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January 06, 2016, 07:27:25 PM |
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thats profitable only for lucky members! thats it! no other ways to get profit from sites like gambling. But how do you know if you are lucky or not if you havent played? Luck might be deterministic to every person, but you still cannot know it in advance if you never gambled. You could be the next millionaire, who knows. |
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quadriple7
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January 06, 2016, 08:46:44 PM |
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thats profitable only for lucky members! thats it! no other ways to get profit from sites like gambling. well there are some other ways but they are not connected with gambling, as if you are a good hacker you can hack a casino and steal money, though if you want to get money with gambling, yes, you need to be lucky for that |
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RealBitcoin (OP)
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January 06, 2016, 11:07:16 PM |
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thats profitable only for lucky members! thats it! no other ways to get profit from sites like gambling. well there are some other ways but they are not connected with gambling, as if you are a good hacker you can hack a casino and steal money, though if you want to get money with gambling, yes, you need to be lucky for that Lol thats not a very honest way of earning. I would prefer a honest method like betting arbitrage between bookers could be profitable and easier to do. |
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Straux
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January 07, 2016, 05:03:00 AM |
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Yes, gambling is always profitable. But it is highly unlikely. You have to basically fight the house edge. If the house edge of 2%, that means every hundred bets, 49 will be wins and 51 will be losses. But this is a statistic. You could lose all of them, or you could win all of them.
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23dzmaz
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January 07, 2016, 05:12:32 AM |
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Yes, gambling is always profitable. But it is highly unlikely. You have to basically fight the house edge. If the house edge of 2%, that means every hundred bets, 49 will be wins and 51 will be losses. But this is a statistic. You could lose all of them, or you could win all of them.
Yes, i agree with you. but not always profitable, you will profitable if you r not playing so greedy and know how to stop, especially if you bet on dice sites that have house edge. |
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