Gambling can be profitable in the long run! It is possible!

[Mars110]

I personally will always use gambling and I'll bet all my money. Gambling is the most enjoyable thing to get a such a huge advantage in so short a time. So, I'll decide to keep using gambling to find great benefits. Gambling that I always use is dice, poker, and sports. We wish you luck

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[Alvin Fahriza]

I personally will always use gambling and I'll bet all my money. Gambling is the most enjoyable thing to get a such a huge advantage in so short a time. So, I'll decide to keep using gambling to find great benefits. Gambling that I always use is dice, poker, and sports. We wish you luck

I know it is your right to continue to play, but I state that gambling can not be used for long run. can i ask you. how about your statistics on gambling?

[Mars110]

I personally will always use gambling and I'll bet all my money. Gambling is the most enjoyable thing to get a such a huge advantage in so short a time. So, I'll decide to keep using gambling to find great benefits. Gambling that I always use is dice, poker, and sports. We wish you luck

I know it is your right to continue to play, but I state that gambling can not be used for long run. can i ask you. how about your statistics on gambling?

A gambling it depends how we do it. If we do very well with the gambling (strategy) inevitably will gambling gambling can be used for a long period and if we treat gambling is not good then gambling cannot be used for the long term. In the gambling strategies and much needed peace of mind to get a victory. I have a pretty good stats in gambling, I don't mean to be arrogant. I intend to change the mind of you guys who think that gambling is just a game that can drain the property. And that statement is true, but it only applies to the person not yet understand about gambling/origin of gambling.

[dupeddonk]

Long run = forever (infinity)

Unfortunately we will all die before we get there.

Fortunately, we can use math to determine if a bet can be profitable or not in the long run.

Gambling absolutely can be profitable in the long run, as long as you know how to find a way to bet your money while you have the edge.

OPs slot machine explanation is ridiculous, if 100 people bet $100 for 1 day on a machine with 1% house edge:

They all have an expected value of negative $1

THey could win $1 million each that day.

They wouldn't mean their were profitable in the long run.

If they kept betting forever, and never died, they lose all the money in the world (times infinity)

[bennasilbuyukadamolucam]

 Yes, it can be profitable in the long run, here is my way to bet:

 Let's say there is 9 games with good odds. I divide them as 3 group and make sure total odds are the same. If I lost in first, I deposit double in second group. In some point when you win, you get the deposit and profit depends on the odds. If you have experience in sportsbook, you can find the right games with good odds. People usually put lots of money in insane odds, after they lost one.

 well, you're not Paul the octopus, so be patient and don't be greedy. That's all I know.

[gregyoung14]

Two words - Gambler's Fallacy
A very straight forward note against this - not to mention very fun.

https://en.wikipedia.org/wiki/Gambler%27s_fallacy

[TwitchySeal]

OPs Example was for one day



But his Topic said "long run"

The long run will never be reached, but 1,000,000 days is closer than 1:



If this 1,000,000 day simulation were run 1,000,000 times, the chance of either player group winning one single time is less than is less than 900,000,000,000:1

So you would have to run ( 1 million simulations 1 million times ) ~900,000,000,000 times for a 50% chance of either group finishing a 1 million day simulation winning 1 or more pennies.

(I could easily be a billion or so off somewhere)

[Altynbekova]

Its of course possible to have profit on a long term, but most likely the people will not make profit at all by it.
At gambling you always need luck and the most people do not have this luck so you will lose money.

[maku]

Its of course possible to have profit on a long term, but most likely the people will not make profit at all by it.
At gambling you always need luck and the most people do not have this luck so you will lose money.

You are contradicting your own words. It is as you said - gambling=some random occurrences, you don't have influence over, therefore outcome can't be predicted or controlled.
You can be lucky for a short period of time and profit, you can probably be almost even for a longer periods. But in the end you only can diminish the losses while gambling everyday.

[TwitchySeal]

Its of course possible to have profit on a long term, but most likely the people will not make profit at all by it.
At gambling you always need luck and the most people do not have this luck so you will lose money.

You are contradicting your own words. It is as you said - gambling=some random occurrences, you don't have influence over, therefore outcome can't be predicted or controlled.
You can be lucky for a short period of time and profit, you can probably be almost even for a longer periods. But in the end you only can diminish the losses while gambling everyday.

You just contradicted your own words after explaining how he contradicted his!

therefore outcome can't be predicted

Then you predict one can only lose

n the end you only can diminish the losses

Gambling does not exclusively apply to making bets with negative expectation.

If a gambler is able to manage his money properly and find enough bets where the edge is in his favor, at the end of his life he will be profitable.  Even though he may have had a couple losing years...

[Nahl]

It is possible, but you need a very good skill and mainly 'LUCK' 

i had main problem during did a gamble and that's is about my luck because everytime i was thought i'm luck but unfortunately this luck in fact almost be stay away from me

[Bitcoinbro]

Gambling can be profitable, but it has a many downsides if you gamble long term.
The first downside is that you will get addicted to gambling for sure, the second is that you will mostly lose everything because you need real luck..

[RealBitcoin]

(I could easily be a billion or so off somewhere)

Nobody gambles a billion dollar. Or have a billion simulations.

Most of us wont even have 5000 in total, so the sample size is too big.

[el kaka22]

If we take less risk, then the chances of getting wiped out all over money in gambling is very less. Because getting out of gambling is most common among gamblers that must be avoided for sticking with gambling to make some profit at least in long run.

[TwitchySeal]

(I could easily be a billion or so off somewhere)

Nobody gambles a billion dollar. Or have a billion simulations.

Most of us wont even have 5000 in total, so the sample size is too big.

Nobody reaches long run. Which is why we have to use math.

The bigger and bigger the sample size gets, the closer and closer the result will be to our theoretical value.  Bigger sample size = More  accurate.

[KakaoCZ]

Oh. its looks pretty cool but i think its very risky... But good luck to you guys

[darkangel11]

(I could easily be a billion or so off somewhere)

Nobody gambles a billion dollar. Or have a billion simulations.

Most of us wont even have 5000 in total, so the sample size is too big.

Nobody reaches long run. Which is why we have to use math.

The bigger and bigger the sample size gets, the closer and closer the result will be to our theoretical value.  Bigger sample size = More  accurate.

THey do. Long run is the time not the money. You can bet $1 a day for a year and call it a long run.

[TwitchySeal]

(I could easily be a billion or so off somewhere)

Nobody gambles a billion dollar. Or have a billion simulations.

Most of us wont even have 5000 in total, so the sample size is too big.

Nobody reaches long run. Which is why we have to use math.

The bigger and bigger the sample size gets, the closer and closer the result will be to our theoretical value.  Bigger sample size = More  accurate.

THey do. Long run is the time not the money. You can bet $1 a day for a year and call it a long run.

So whats the minimum long run then?

Can they bet $1 a day for 6 months and call it a long run?

a week?

2 days?

[Bitcoinbro]

Its true that it can be profitable on a long term but what you do not have to forgot is that its always a risk that your are taking.
Plus it also depends how you bet on certain games, because everyone plays a bit different.

[rizkyhiw]

Its true that it can be profitable on a long term but what you do not have to forgot is that its always a risk that your are taking.
Plus it also depends how you bet on certain games, because everyone plays a bit different.

gambling is about taking risk, they will not gamble if dont want to risk something so everyone would not forget about that.
as long as you have unlimited bankroll, gambling will make you profit in very very long time.
if you have a small bankroll well don't expect having profit in long term.