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

[patt0]

I believe that winning in long term is possible in gambling when there are skill games involved, like poker and sports betting.
There are many well known professionals in those areas. I thought you were going that way, but I think you "messed it up" with it "all depends on luck".

Luck changes and can't make people win in the long turn, there is variance and you can win or lose, but depending on your odds you will enter in a loss when there is a house edge. You can only win in long turn if you pick profitable odds for your type of gambling, but there is when the skill enters, because no one will offer you that for free. You must be better than your opponent and profit from their mistake, and that is no luck, is skill.

Luck matters, but is the skill that will make you win in the long turn, not luck.

[Monnt]

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

"Gambling is not profitable 90% of the time! It is possible!"

Yes, of course it is profitable. But most of the time it is NOT.

[Erza]

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

"Gambling is not profitable 90% of the time! It is possible!"

Yes, of course it is profitable. But most of the time it is NOT.

It is depends on how are you played on each gambling site. Play slowly and dont be greedy that is how people can manage to profitable in long run but until you achieve that goal you must stop it no matter what or you will be on losing again. That is why you need self control there

[michinzx]

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

"Gambling is not profitable 90% of the time! It is possible!"

Yes, of course it is profitable. But most of the time it is NOT.

It is depends on how are you played on each gambling site. Play slowly and dont be greedy that is how people can manage to profitable in long run but until you achieve that goal you must stop it no matter what or you will be on losing again. That is why you need self control there

self control is knowing when to pull out when youre ahead, if youre gambling. with games of chance, anything is possible, really, its just that with the way people play, never satisfied with winning whatever they have up till that point, people usually end up losing more than what they walked in with.

[romjpn]

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

"Gambling is not profitable 90% of the time! It is possible!"

Yes, of course it is profitable. But most of the time it is NOT.

It is depends on how are you played on each gambling site. Play slowly and dont be greedy that is how people can manage to profitable in long run but until you achieve that goal you must stop it no matter what or you will be on losing again. That is why you need self control there

self control is knowing when to pull out when youre ahead, if youre gambling. with games of chance, anything is possible, really, its just that with the way people play, never satisfied with winning whatever they have up till that point, people usually end up losing more than what they walked in with.

The best way is to set up a target (quite low) and never change the strategy (considering the mathematic possibilities). Never go YOLO, even on high odds.
Did it in Macau, walked out with ~150$. Playing pretty basic martingale.

[RealBitcoin]

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

"Gambling is not profitable 90% of the time! It is possible!"

Yes, of course it is profitable. But most of the time it is NOT.

I dont know the % of that happening. It needs to be calculated, us speculating here is just nonsense.

If we had the parameters we could calculate that area of probability.

[davinchi]

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

"Gambling is not profitable 90% of the time! It is possible!"

Yes, of course it is profitable. But most of the time it is NOT.

It is depends on how are you played on each gambling site. Play slowly and dont be greedy that is how people can manage to profitable in long run but until you achieve that goal you must stop it no matter what or you will be on losing again. That is why you need self control there

self control is knowing when to pull out when youre ahead, if youre gambling. with games of chance, anything is possible, really, its just that with the way people play, never satisfied with winning whatever they have up till that point, people usually end up losing more than what they walked in with.

You are 100% right. More the gambling, more the losses. It's the one of the thumb rule which is even applicable for trading also.
In my personal experience itself I have experienced that. Many times even after I have earned more than enough money I continued to gambling and ended up in loss.

[Supercrypt]

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

"Gambling is not profitable 90% of the time! It is possible!"

Yes, of course it is profitable. But most of the time it is NOT.

It is depends on how are you played on each gambling site. Play slowly and dont be greedy that is how people can manage to profitable in long run but until you achieve that goal you must stop it no matter what or you will be on losing again. That is why you need self control there

self control is knowing when to pull out when youre ahead, if youre gambling. with games of chance, anything is possible, really, its just that with the way people play, never satisfied with winning whatever they have up till that point, people usually end up losing more than what they walked in with.

You are 100% right. More the gambling, more the losses. It's the one of the thumb rule which is even applicable for trading also.
In my personal experience itself I have experienced that. Many times even after I have earned more than enough money I continued to gambling and ended up in loss.

This is simply called as greediness. The greediness is the one of the biggest enemy for our profit or even for our investments. Many people find themselves not addicted to gambling but they are addicted to greedy, any way both are very much dangerous for our earning in gambling.

[afriezalie]

Yeah it is still possible to earn profit from gambling in long term. But it has small change, so we must be careful with gambling, especially for new comers. To earn profit from gambling, you need not only luck but also strategy. There's no luck for third time, so you need personal strategy to earn much money from gambling. Also we have to see bet value, only bet you can afford to lose.

[Phildo]

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

"Gambling is not profitable 90% of the time! It is possible!"

Yes, of course it is profitable. But most of the time it is NOT.

It is depends on how are you played on each gambling site. Play slowly and dont be greedy that is how people can manage to profitable in long run but until you achieve that goal you must stop it no matter what or you will be on losing again. That is why you need self control there

Everyone on this site needs a dictionary.

It is POSSIBLE to win gambling on -ev bets (blackjack, roulette, dice) whatever.

That does not mean it is PROFITABLE LONG TERM. Words have meaning.

If you get a powerball ticket on your 18th birthday for free and win 100 million dollar jackpot and never spend a cent gambling for the rest of your life you will have made money on -ev bets. That doesn't mean powerball is profitable long term.

Self control has nothing to do with it, if a bet is -ev, it isn't profitable long term, if it's +ev it is.

[RealBitcoin]

Everyone on this site needs a dictionary.

It is POSSIBLE to win gambling on -ev bets (blackjack, roulette, dice) whatever.

That does not mean it is PROFITABLE LONG TERM. Words have meaning.

If you get a powerball ticket on your 18th birthday for free and win 100 million dollar jackpot and never spend a cent gambling for the rest of your life you will have made money on -ev bets. That doesn't mean powerball is profitable long term.

Self control has nothing to do with it, if a bet is -ev, it isn't profitable long term, if it's +ev it is.

Ok but it's still possible.

I added a picture illustration so that it is easier to visualize what I`m talking about.

[iv4n]

We are all talking same things over and over again. Yes gambling can be profitable in long run or gambling can ruin u in long run. You are talking about percentage of this and that, but I believe reality is something else.
In reality if u want to earn u need to invest! So gambling in long run is more possible with 1 million $ then with 1 thousand $, and its more easier for sure.
I gamble with bitcoins almost every day (it becoming "long run") and I will tell u for a year how it was on my example. I also wish luck to everyone! I like when someone take money from casinos.

[Phildo]

Everyone on this site needs a dictionary.

It is POSSIBLE to win gambling on -ev bets (blackjack, roulette, dice) whatever.

That does not mean it is PROFITABLE LONG TERM. Words have meaning.

If you get a powerball ticket on your 18th birthday for free and win 100 million dollar jackpot and never spend a cent gambling for the rest of your life you will have made money on -ev bets. That doesn't mean powerball is profitable long term.

Self control has nothing to do with it, if a bet is -ev, it isn't profitable long term, if it's +ev it is.

Ok but it's still possible.

I added a picture illustration so that it is easier to visualize what I`m talking about.

Possible to make a profit and profitable do not mean the same thing.

[bakingbad]

i really doubt this idea is possible in real life

[ANdr0id]

When it comes to gambling you are always taking a risk, so there is a high chance of failure.
And yes profit is different from being profitable. A business is profitable. Being in profit is if you took the risk to put your money on the line so to get more than what you put up.

[Wendigo]

Saw this on NitrogenSports today. You gotta believe in the heart of the cards  

https://nitrogensports.eu/betslip/c21127fVmppd0NNVFMxUXpLNWptL2hyS3BJUT09/r/325705/

[XinXan]

How do you know how much more probable your scenario is? Your calculations are not exactly right, first of all what are the gamblers using, martingale? What happens when they lose all their money? Do you know how hard it is just to recover that money? Your scenario it's not that probable and I have never seen anyone profiting from roulette or dice without cheating. As I said, give us 1 real example of someone doing it and I will believe you.

I dont know, but it can be calculated with a simple Z test if you know the parameters. I dont have time to do it.

With martingale its virtually impossilble since martingale doesnt add any expectancy bonus to you, it only adds exponential risk.

I mostly described my scenario with flat betting only. No systems, no strategies. Just betting on 1 scenario with constant bet size.


Example? Why? Thats like saying I dont believe in gravity because I havent jumped out from the 4th floor yet. We know my scenario is possible, you dont need real world examples to prove it.

Plus I dont have records of every single bet that has ever taken place to prove it to you.

Flat betting would be just as hard as using any system, it actually seems that flat betting it's way harder because you only win the same amount of money in each of your bets, you would have better chances using a risky method because when you get lucky you win a lot, of course you have to be extremely lucky.

[RealBitcoin]

Flat betting would be just as hard as using any system, it actually seems that flat betting it's way harder because you only win the same amount of money in each of your bets, you would have better chances using a risky method because when you get lucky you win a lot, of course you have to be extremely lucky.

Actually from a risk standpoint, flat betting is the most efficient strategy.

Sure you can use martingale or all-in if you want the big buck , but in terms of survival rate, flat betting is the only option.

[MRKLYE]

The only way gambling is profitable in the long run is to set up your own casino and house edge the degenerates.
Gambling itself is a huge money sink.. and likely a good 33% of all BTC is gambled I'd bet.. Its sort of crazy.

BTC: For Drugs, Gambling and shady prostitution things!

[UnknownUsername]

Gambling in the long run is possible if you have unlimited money because someday you're going to face a losing streak..
besides the house edge will gonna chew on your profits slowly.

C'mon even if you had 1k btc you can just lose those in minutes.