Bitcoin Forum
May 06, 2024, 01:45:47 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 [38] 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 »
  Print  
Author Topic: Gambling can be profitable in the long run! It is possible!  (Read 37303 times)
BTCLovingDude
Legendary
*
Offline Offline

Activity: 1134
Merit: 1010

BTC to the moon is inevitable...


View Profile WWW
April 24, 2016, 10:53:45 AM
 #741

I caught myself losing every time when i completely relax and i'm sure i have winning situation. You are winner only when you finish game with surplus and stop playing. In long run i had more success than losses so far.

sometimes it is best to give things a rest for a while and walk away, coming back after a while and starting fresh gives you a better luck, at least it has always been like this for me so far.
I love to gamble but i limit my time and money. And if i succeed to win no matter how lucky am i stop playing. This is crucial, because if i continue to play luck will be changed this is certain. I have tried this so many times, i know you can't win against house..You can achieve small victory.

since i was losing a lot a while back i started to do the same thing as you are describing here but with a difference.
i start with a fixed amount that i can afford to lose then gamble with it. then if i win i use the profit only to gamble more and if i win more i use the a part of the total profit to gamble and don't touch the main initial investment at all.

--looking for signature--
No Gods or Kings. Only Bitcoin
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
MedaR
Legendary
*
Offline Offline

Activity: 2380
Merit: 1026



View Profile
April 24, 2016, 11:34:46 AM
 #742

I have found many good videos on YouTube about Primedice but this can only be representation, how you must think, in most cases i have lost because i followed instructions. Many of them are not accurate, but ideas are very good.

You can rent this space
futurebit640
Hero Member
*****
Offline Offline

Activity: 910
Merit: 1000


View Profile
April 24, 2016, 12:17:59 PM
 #743

I caught myself losing every time when i completely relax and i'm sure i have winning situation. You are winner only when you finish game with surplus and stop playing. In long run i had more success than losses so far.

sometimes it is best to give things a rest for a while and walk away, coming back after a while and starting fresh gives you a better luck, at least it has always been like this for me so far.
I love to gamble but i limit my time and money. And if i succeed to win no matter how lucky am i stop playing. This is crucial, because if i continue to play luck will be changed this is certain. I have tried this so many times, i know you can't win against house..You can achieve small victory.

since i was losing a lot a while back i started to do the same thing as you are describing here but with a difference.
i start with a fixed amount that i can afford to lose then gamble with it. then if i win i use the profit only to gamble more and if i win more i use the a part of the total profit to gamble and don't touch the main initial investment at all.
this is good thinking and good strategy you made. I think you are the perfect gambler. For doing this we need calculation we have to maintain our balance sheet to check our loss and profit, The perfect gamblers can only maintain this. This will not work for every one i think because people don't have time to see this they just concentrate on profit not any other stuff.
erwin45hacked
Legendary
*
Offline Offline

Activity: 1064
Merit: 1000



View Profile
April 24, 2016, 12:26:27 PM
 #744

I have found many good videos on YouTube about Primedice but this can only be representation, how you must think, in most cases i have lost because i followed instructions. Many of them are not accurate, but ideas are very good.

If you really think all of that would help you in getting profit then you are seriously in trouble. There is none that will help you in getting profit, in the end house win and the only way to get profit is to hit it hard for few bets and let the variances work though it may not work as well if the variances suck
italianobitcoin
Sr. Member
****
Offline Offline

Activity: 370
Merit: 250

Forza Italia


View Profile
April 24, 2016, 02:23:37 PM
 #745

It is only profitable if you constantly choose winners than losers but that would not be possible in a machine control game. The best example is the only dice where the house advantage has at least 1%. If you gamble everyday you will really lose in the long due to its mathematical quotient which is not favorable of the part of the gamblers. The best form of gambling you can only win is Sports Betting.

I do partially agree that one can have more chances of winning money in sports betting but it is also need a some kind of luck to win over the time. Because now a days most of the games are fixed and very difficult to find out which is fixed and which not fixed. Just only from game knowledge one can't win continuously win bets in sports so gamble carefully.
It can be only profitable if you are lucky and if you are making profit with gambling otherwise it wont be possible.
And that is hard to get that chance because you cant know before if you are going to win so it happens also more often that you can lose some money with gambling.
pereira4
Legendary
*
Offline Offline

Activity: 1610
Merit: 1183


View Profile
April 24, 2016, 03:28:22 PM
 #746

In the long term the outcome is always the same: the house will win because the house always has an edge in his favor so the odds are always against you. The key of winning in gambling is knowing when to stop, and only play enough times to cause entropy in your favor. If you keep playing, you'll always lose, it's just pure math.
setupbounds
Hero Member
*****
Offline Offline

Activity: 910
Merit: 509



View Profile
April 24, 2016, 03:50:44 PM
 #747

The thing is, gambling is only profitable for those who know "how to play". It will only be profitable once you know when to stop when you already got your profit and never come back to gamble with your money again. Gambling will never work the same way as it did when you won. The house will always win and people should know that.
Gubzy
Member
**
Offline Offline

Activity: 68
Merit: 10

★777Coin.com★ Fun BTC Casino!


View Profile
April 24, 2016, 07:55:21 PM
 #748

Gambling is always about luck, you have to know when to cash out at the right time, and make safe bets that you can afford to lose, but the people with addictions usually lose I think.

★☆★ 777Coin - The Exciting Bitcoin Casino! ★☆★
bitcoin-hunter
Sr. Member
****
Offline Offline

Activity: 364
Merit: 250


View Profile
April 24, 2016, 09:03:48 PM
 #749

Gambling is always about luck, you have to know when to cash out at the right time, and make safe bets that you can afford to lose, but the people with addictions usually lose I think.

Yeah so don't bother to think/hope you are getting a guaranteed win. it's way to risky and with that you are most likely to lose more then you can afford.
Better play for fun or keep away from gambling.
teilwalL05
Hero Member
*****
Offline Offline

Activity: 980
Merit: 500



View Profile
April 25, 2016, 10:03:11 AM
 #750

It can be only possible if you are lucky in gambling and if you want to be lucky with gambling you have to play smart and only to play with some small amounts otherwise it will not possible.
In the most cases it will be not possible because gambling is addicted and that will be not that good for you.

Yup! you are right in gambling you need to really play smart, and small bets is a must by controlling your bets, and I think in taking less money with you will be a good idea if you want to lessen your losses!
The bad thing of gambling is that you never know what can happen with gambling itself and you need also to control yourself otherwise you are going to lose to much money and that would be bad.
But you need indeed some luck, luck in gambling is the most important role I think.

You can certainly will never know what will going to happen in gambling and you can never rely on luck because there are times that luck isn't with you so you need to stop at times you're getting so much losses, because gambling is indeed risky because of that!
cjmoles
Legendary
*
Offline Offline

Activity: 1176
Merit: 1016


View Profile WWW
April 25, 2016, 09:38:57 PM
 #751

In the long term the outcome is always the same: the house will win because the house always has an edge in his favor so the odds are always against you. The key of winning in gambling is knowing when to stop, and only play enough times to cause entropy in your favor. If you keep playing, you'll always lose, it's just pure math.

This is basically true if one were to always take outcomes with a negative expected value.  The math part of the game is very important....By the law of large numbers, a player who bets against the house edge will lose in the long run.  The trick is to ONLY bet on events where the expected outcome has a positive potential outcome and practice a sound bankroll management strategy to overcome variation.  People need to stop believing in luck, rely on the math!  Luck can't be quantified....probability can be calculated and decisions made that have positive long term outcomes....That's how the "house" wins.  Play like the house does and only take a wager when the odds are in your favor!
goldcoinminer
Hero Member
*****
Offline Offline

Activity: 952
Merit: 500



View Profile
April 26, 2016, 06:25:17 AM
 #752

In the long term the outcome is always the same: the house will win because the house always has an edge in his favor so the odds are always against you. The key of winning in gambling is knowing when to stop, and only play enough times to cause entropy in your favor. If you keep playing, you'll always lose, it's just pure math.

This is basically true if one were to always take outcomes with a negative expected value.  The math part of the game is very important....By the law of large numbers, a player who bets against the house edge will lose in the long run.  The trick is to ONLY bet on events where the expected outcome has a positive potential outcome and practice a sound bankroll management strategy to overcome variation.  People need to stop believing in luck, rely on the math!  Luck can't be quantified....probability can be calculated and decisions made that have positive long term outcomes....That's how the "house" wins.  Play like the house does and only take a wager when the odds are in your favor!
Then let's stay away from game games where there is a house edge if that's the case. I would suggest stick or shift to sports betting if you haven't done betting on it. In sports betting we can be profitable in the long if we can consistently picks winners.
DashCoinDark
Sr. Member
****
Offline Offline

Activity: 350
Merit: 250


View Profile
April 26, 2016, 07:15:44 AM
 #753

It is only profitable if you constantly choose winners than losers but that would not be possible in a machine control game. The best example is the only dice where the house advantage has at least 1%. If you gamble everyday you will really lose in the long due to its mathematical quotient which is not favorable of the part of the gamblers. The best form of gambling you can only win is Sports Betting.

I do partially agree that one can have more chances of winning money in sports betting but it is also need a some kind of luck to win over the time. Because now a days most of the games are fixed and very difficult to find out which is fixed and which not fixed. Just only from game knowledge one can't win continuously win bets in sports so gamble carefully.
Winning money in gambling is not that easy as you think, the people that won some money with gambling are lucky and that happens not that often because the chance is really small.
So it would be better if you are playing with not that much money so if you are losing than you lose not that much money.
RobinHoodster
Sr. Member
****
Offline Offline

Activity: 350
Merit: 250



View Profile
April 26, 2016, 09:35:50 AM
 #754

It is only profitable if you constantly choose winners than losers but that would not be possible in a machine control game. The best example is the only dice where the house advantage has at least 1%. If you gamble everyday you will really lose in the long due to its mathematical quotient which is not favorable of the part of the gamblers. The best form of gambling you can only win is Sports Betting.

I do partially agree that one can have more chances of winning money in sports betting but it is also need a some kind of luck to win over the time. Because now a days most of the games are fixed and very difficult to find out which is fixed and which not fixed. Just only from game knowledge one can't win continuously win bets in sports so gamble carefully.
It is hard to make it profitable in a long run and that is because you never know what can happen with Bitcoin itself so that is quite hard to also know that.
But it would be of course nice if you can make it profitable but the chance is higher that you can lose some money with it.
teilwalL05
Hero Member
*****
Offline Offline

Activity: 980
Merit: 500



View Profile
April 26, 2016, 09:44:00 AM
 #755

It is only profitable if you constantly choose winners than losers but that would not be possible in a machine control game. The best example is the only dice where the house advantage has at least 1%. If you gamble everyday you will really lose in the long due to its mathematical quotient which is not favorable of the part of the gamblers. The best form of gambling you can only win is Sports Betting.

I do partially agree that one can have more chances of winning money in sports betting but it is also need a some kind of luck to win over the time. Because now a days most of the games are fixed and very difficult to find out which is fixed and which not fixed. Just only from game knowledge one can't win continuously win bets in sports so gamble carefully.
It is hard to make it profitable in a long run and that is because you never know what can happen with Bitcoin itself so that is quite hard to also know that.
But it would be of course nice if you can make it profitable but the chance is higher that you can lose some money with it.

Yup! the probability of getting a profit in gambling in my opinion is just 20% if you are not lucky when you played but there is a 70% winning chance if lady luck is with you but you can't know when luck is on your side that is why risk in involve in every game in gambling.
emberbekas
Legendary
*
Offline Offline

Activity: 1904
Merit: 1000



View Profile
April 26, 2016, 09:57:51 AM
 #756

Luck is needed when we talk about gambling and since bad luck is greater than good one, hence you have to be able to manage your best luck and avoid something bad happened when you are at the bad luck trend. Without knowing how to manage it, it is very impossible to make good profit from gambling especially at the long term.

teilwalL05
Hero Member
*****
Offline Offline

Activity: 980
Merit: 500



View Profile
April 26, 2016, 10:10:32 AM
 #757

Luck is needed when we talk about gambling and since bad luck is greater than good one, hence you have to be able to manage your best luck and avoid something bad happened when you are at the bad luck trend. Without knowing how to manage it, it is very impossible to make good profit from gambling especially at the long term.

Yup! and it can only be able to profit in it with a good predictions that is why it is very impossible to know when you'll gonna be lucky with gambling, but when you feel like your in good luck you need to continue in playing it, but hence the time you will lose is at hand so be very wary about stopping on time.
Nameless Coin
Sr. Member
****
Offline Offline

Activity: 308
Merit: 250



View Profile
April 26, 2016, 12:00:59 PM
 #758

Gambling can be profitable but for the most of us here its not profitable at all and the most will even lose a lot of money.
I think its also not worth it because you will most likely get addicted.
SparkedDev
Hero Member
*****
Offline Offline

Activity: 896
Merit: 1000


View Profile
April 26, 2016, 12:19:55 PM
 #759

Gambling can be profitable but for the most of us here its not profitable at all and the most will even lose a lot of money.
I think its also not worth it because you will most likely get addicted.

I just seen some dude turn 0.005 into 15 btc on bitvest a while ago so luck can be a factor but.
If you have enough you can beat the house, tho no one is going to david choe this shit and start betting in the millions.



.
.BITVEST DICE.
HAS BEEN RELEASED!


▄████████████████████▄
██████████████████████
██████████▀▀██████████
█████████░░░░█████████
██████████▄▄██████████
███████▀▀████▀▀███████
██████░░░░██░░░░██████
███████▄▄████▄▄███████
████▀▀████▀▀████▀▀████
███░░░░██░░░░██░░░░███
████▄▄████▄▄████▄▄████
██████████████████████

▀████████████████████▀
▄████████████████████▄
██████████████████████
█████▀▀█▀▀▀▀▀▀██▀▀████
█████░░░░░░░░░░░░░████
█████░░░░░░░░░░░░▄████
█████░░▄███▄░░░░██████
█████▄▄███▀░░░░▄██████
█████████░░░░░░███████
████████░░░░░░░███████
███████░░░░░░░░███████
███████▄▄▄▄▄▄▄▄███████

██████████████████████
▀████████████████████▀
▄████████████████████▄
███████████████▀▀▀▀▀▀▀
███████████▀▀▄▄█░░░░░█
█████████▀░░█████░░░░█
███████▀░░░░░████▀░░░▀
██████░░░░░░░░▀▄▄█████
█████░▄░░░░░▄██████▀▀█
████░████▄░███████░░░░
███░█████░█████████░░█
███░░░▀█░██████████░░█
███░░░░░░████▀▀██▀░░░░
███░░░░░░███░░░░░░░░░░

██░▄▄▄▄░████▄▄██▄░░░░
████████████▀▀▀▀▀▀▀██
█████████████░█▀▀▀█░███
██████████▀▀░█▀░░░▀█░▀▀
███████▀░▄▄█░█░░░░░█░█▄
████▀░▄▄████░▀█░░░█▀░██
███░▄████▀▀░▄░▀█░█▀░▄░▀
█▀░███▀▀▀░░███░▀█▀░███░
▀░███▀░░░░░████▄░▄████░
░███▀░░░░░░░█████████░░
░███░░░░░░░░░███████░░░
███▀░██░░░░░░▀░▄▄▄░▀░░░
███░██████▄▄░▄█████▄░▄▄

██░████████░███████░█
▄████████████████████▄
████████▀▀░░░▀▀███████
███▀▀░░░░░▄▄▄░░░░▀▀▀██
██░▀▀▄▄░░░▀▀▀░░░▄▄▀▀██
██░▄▄░░▀▀▄▄░▄▄▀▀░░░░██
██░▀▀░░░░░░█░░░░░██░██
██░░░▄▄░░░░█░██░░░░░██
██░░░▀▀░░░░█░░░░░░░░██
██░░░░░▄▄░░█░░░░░██░██
██▄░░░░▀▀░░█░██░░░░░██
█████▄▄░░░░█░░░░▄▄████
█████████▄▄█▄▄████████

▀████████████████████▀




Rainbot
Daily Quests
Faucet
Capradina
Hero Member
*****
Offline Offline

Activity: 756
Merit: 520



View Profile
April 26, 2016, 12:24:06 PM
 #760

Gambling can be profitable but for the most of us here its not profitable at all and the most will even lose a lot of money.
I think its also not worth it because you will most likely get addicted.
Your Word is indeed facts, But keep in mind that all the people who always get the defeat in gambling are those which have a very high greed, so their brains always wanted to get a victory and gamble until they get it. The thing that makes someone kacanduan in gambling and sometimes get the defeat because they don't use the correct way,].
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 [38] 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 »
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!