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Randian Hero
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March 05, 2016, 10:07:46 PM |
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I just mentioned this in another thread but since the house has an edge, the expected value of each bet is negative. This means the the best bet a player can place is to bet everything he owns on one bet and then never bet again. The house can use a form of Kelly Criterion in order to never go bankrupt. However, since players decide if to bet or not, they could win and then choose to never play again. The house does win in the long run, but the long run can be very long or even infinite. So yes, some players will make a profit, as long as they stop betting at some point, as they will because of old age or the Universe dissolving into a new Big Bang. |
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ultimatesky
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March 05, 2016, 10:41:28 PM |
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Even if you are a big time gambler earning loads of money in the end you will end up with lose.
This is normal with risk games. Nobody can be guaranteed a stable income so no OP's statement is false.
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GermanFoobla
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March 05, 2016, 10:53:58 PM |
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Even if you are a big time gambler earning loads of money in the end you will end up with lose.
This is normal with risk games. Nobody can be guaranteed a stable income so no OP's statement is false.
That's right Sir. Even the best of the best tend to lose when gambling. I would understand it if there chance to win was bigger but look at any gambling site. You see the last bets and so many people lose. |
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klf
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Activity: 1344
Merit: 1000
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March 06, 2016, 01:11:38 AM |
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Even if you are a big time gambler earning loads of money in the end you will end up with lose.
This is normal with risk games. Nobody can be guaranteed a stable income so no OP's statement is false.
Actually all these games need some kind of luck to win every time whether they are fully luck based games or talent based games. But luck will not support every time so in the long run no one can make profit, if they are regular gamblers. So don't gamble every day instead try your luck some times with little amount. |
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Mr. Big
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Global Moderator
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Activity: 2310
Merit: 1176
While my guitar gently weeps!!!
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March 06, 2016, 03:39:25 AM |
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Even if you are a big time gambler earning loads of money in the end you will end up with lose.
This is normal with risk games. Nobody can be guaranteed a stable income so no OP's statement is false.
That's right Sir. Even the best of the best tend to lose when gambling. I would understand it if there chance to win was bigger but look at any gambling site. You see the last bets and so many people lose. Gambling is designed for player's entertainment and for the owners income and not the other way around.. its like putting a token in an arcade game, we play with our bet and enjoying it while the machines owner collects our coins...there are chances that we could win but not that is easy... so really no.. |
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Aurorae
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Activity: 13
Merit: 0
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March 06, 2016, 03:41:38 AM |
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Even if you are a big time gambler earning loads of money in the end you will end up with lose.
This is normal with risk games. Nobody can be guaranteed a stable income so no OP's statement is false.
Actually all these games need some kind of luck to win every time whether they are fully luck based games or talent based games. But luck will not support every time so in the long run no one can make profit, if they are regular gamblers. So don't gamble every day instead try your luck some times with little amount. I agree with you. There's no guarantee that you'll make a profit from gambling. It really is all based on luck. There's no algorithm for you to always win from gambling. |
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faridkifly
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March 06, 2016, 07:54:52 AM |
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there's just the scenario dude.
in reality, all inversely proportional with scenarios and estimates. unless you had tried for several years and success
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sishendaoye
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March 06, 2016, 08:16:32 AM |
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That can not happen. Gambling is made just for fun and for luck. But a normal person lose more money than you win money.
It is all wasted and it is just for fun and that is why it is so bad. But I hope more people will realize that gambling is very bad to do.
People already know it's bad to gamble money lol but they still do it, it's because of the addiction and easy way to earn money. Not just because of the addiction, the greediness and feeling want to recover your loss is one of a way why people keep on gambling. They should already know that gambling has a great risk but they keep on doing it again because they want to get profit and want to earn some quick cash. So if you can control yourself and get some good strategy I think you can get some profit not just in a short run but in a long run too I dont even think that it can happen. I agree with you. Gambling is only made for fun to not to make some money. That is a trap. You must only must be lucky and that happens not so fast. More people must realize that gambling is very bad and that they must know that it is all wasted money. |
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diodio5
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March 06, 2016, 09:10:59 AM |
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Even if you are a big time gambler earning loads of money in the end you will end up with lose.
This is normal with risk games. Nobody can be guaranteed a stable income so no OP's statement is false.
agree with you. even if you're the god of gambling or the like. if you play for a long period of time. you will surely lose. Trust me. earnings on gambling. can not be your main income. playing for the short term may be profitable |
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23dzmaz
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March 06, 2016, 09:46:20 AM |
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Even if you are a big time gambler earning loads of money in the end you will end up with lose.
This is normal with risk games. Nobody can be guaranteed a stable income so no OP's statement is false.
I don't think so. Gambler who experienced in many years they can control himself and have good management for their bankroll. That's why gambling can be profitable in the long run. |
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BitcoinSupremo
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March 06, 2016, 12:35:08 PM |
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I am truly starting to believe , yes it can, if you have great self control, have a nice bankroll to start with, follow a tipster, make sure you can withstand maximum 4 losses in a row, double the bet every time you lose for the next tip and you should be in profit all the time. I am pretty sure there are a lot of tipsters here who have not yet lost 4 consecutive bets. As you would have understood right know, I am talking about Sportsbook where being in profit in the long run is very much possible if you follow my advices in this reply of mine.
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phreaky
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March 06, 2016, 01:10:10 PM |
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Gambling can be profitable but its also how you look at it if you ask me because, you will need a lot of luck if you ask me.
I think it will most likely not happen at the most in my opinion.
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CroSany
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March 06, 2016, 01:16:07 PM |
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If you gamble on gambling sites with faucet anc iv you invest money in faucet level gambling can be 100% profitable for player.
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Kollor
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March 06, 2016, 01:17:57 PM |
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No, you won't, you can't deceive your self saying you profit from gambling just because you win once, in the long run, you will have a lot of busted bets than wins, and if you compute it all after winning one good win, you fell short compared to the money that you have invested in gambling and the amount of time that you waste thinking that you will profit from gambling..
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matete
Full Member
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Activity: 210
Merit: 100
=> Buying Bitcoins Everyday !
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March 06, 2016, 01:25:47 PM |
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A person who gambles for fun stands a better chance to profit in the long run. A long experience means one is able to know when stop or when to continue. I am gambler and I used to lose a lot in the initial days but experience has taught me to know when I will profit and when I will lose.
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Oscoda
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March 06, 2016, 01:26:53 PM |
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I think gambling is also about tactics so you can win a lot of money on a long term of sure, but you also need a lot of luck.
And of course also a lot of money to invest to even get profit.
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Kotone
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March 06, 2016, 01:31:06 PM |
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A person who gambles for fun stands a better chance to profit in the long run. A long experience means one is able to know when stop or when to continue. I am gambler and I used to lose a lot in the initial days but experience has taught me to know when I will profit and when I will lose.
Youre absolutely right gambling is profitable in the long run but eventually you will lose in the end. |
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CroSany
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March 06, 2016, 01:39:33 PM |
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I will not lose if I gamble only with faucet.
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Nameless Coin
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March 06, 2016, 02:36:06 PM |
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I will not lose if I gamble only with faucet.
A faucet is not gambling. It's just a way to earn a little amount of bitcoins. If you want to earn money with gambling then guess what. It's not going to happen. You will end up losing your money. |
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BitcoinHodler
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March 06, 2016, 02:48:17 PM |
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I will not lose if I gamble only with faucet.
A faucet is not gambling. It's just a way to earn a little amount of bitcoins. If you want to earn money with gambling then guess what. It's not going to happen. You will end up losing your money. but faucet (dice faucets) can be profitable. i have never done this but i have seen people use different accounts and keep claiming faucet and bet. not exactly sure what their process is but they are called faucet farmers and it looks like it is profitable for them that they keep doing it. |
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