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

[Erzatium]

It can be only possible when you are really lucky in gambling, because if you are not lucky in gambling than you can a lot of money with it and that can be bad for you.
But in the most cases you will always lose more money than you spend on it but the most important is that you can have get some fun with it and enjoy the games.

Some people wants to be rich with gambling but that is not good, because you will become poor if you are doing that.

[teilwalL05]

Experience and knowledge is two different things. You can get some experience by keep playing on gambling and knowledge you can earn it not by gambling but from other side like by seeing someone playing from any information that you can get it and you need to learn it that will become your knowledge

Well I think that knowledge is even adaptable in some cases in my own of thinking experience is needed to gain knowledge and I am not saying that it is alike I was saying you will need both in every method in earning bitcoin even in gambling what if you don't have knowledge in playing a game in gambling for example poker then you will always lose and in a worst condition you will not play it because you don't know how!

[Laosai]

I'm sorry but that's a dumb theory.
What you're saying in a sense is that if lots of people lose it's possible for me to win... Yeah ok.

But on "the long run" as you ay, the basic idea is that there is no "luck" involved. Only simple math. So you WILL lose, that's the obvious thing!

[Erzatium]

Gambling can be profitable in a long run if you are really lucky, if you dont have luck with gambling you will lose a lot of money in gambling and that can be really bad for you.
If you want to earn some money with gambling, you should have to trade and not to gamble, gambling is only made for fun and not to earn some money with it.

I hope that there will be more people that will realize that gambling is actually bad to do and that you need only some luck.

[Sandroxa]

I'm sorry but that's a dumb theory.
What you're saying in a sense is that if lots of people lose it's possible for me to win... Yeah ok.

But on "the long run" as you ay, the basic idea is that there is no "luck" involved. Only simple math. So you WILL lose, that's the obvious thing!

It will be not possible, even if you are lucky you will play more and more so you will actually lose more money than you win in a long run so that is quite bad.
And gambling is bad and it is all wasted money but it gives you only fun and that is the only thing.

[bering]

Yes it can be profitable.
It is actually a skill based game.
If you will study about teams properly before their match and their home/away performances then you can make profit by betting on the right one.

disagree with you because although you have good skill i don't think this is will very help you to win from gambling because besides skill the main factor for do a gambling is you must be have luck and these luck are very necessary if you want to good results during a gambling

[yenxz]

Gambling can be profitable in a long run if you are really lucky, if you dont have luck with gambling you will lose a lot of money in gambling and that can be really bad for you.
If you want to earn some money with gambling, you should have to trade and not to gamble, gambling is only made for fun and not to earn some money with it.

I hope that there will be more people that will realize that gambling is actually bad to do and that you need only some luck.

i'm sure people who addicted to gambling relize that is bad for them,but they just can't stop playing it,they ruin their self by playing gambling everyday. playin gambling is can't be profitable in the long run for me,not because i'm not lucky everyday,but becasue i'm not having bitcoins everyday,and i'm afraid to loan.

[wildan88]

Gambling can be profitable in a long run if you are really lucky, if you dont have luck with gambling you will lose a lot of money in gambling and that can be really bad for you.
If you want to earn some money with gambling, you should have to trade and not to gamble, gambling is only made for fun and not to earn some money with it.

I hope that there will be more people that will realize that gambling is actually bad to do and that you need only some luck.

i'm sure people who addicted to gambling relize that is bad for them,but they just can't stop playing it,they ruin their self by playing gambling everyday. playin gambling is can't be profitable in the long run for me,not because i'm not lucky everyday,but becasue i'm not having bitcoins everyday,and i'm afraid to loan.

yeah basically all know that gambling is bad. but they just want to keep trying to get a win, because with a win they will feel happy. despite the fact that they lost so many, but they will keep trying to win.

[BTCevo]

Gambling can be profitable in a long run if you are really lucky, if you dont have luck with gambling you will lose a lot of money in gambling and that can be really bad for you.
If you want to earn some money with gambling, you should have to trade and not to gamble, gambling is only made for fun and not to earn some money with it.

I hope that there will be more people that will realize that gambling is actually bad to do and that you need only some luck.

But trading and gambling is two different thing and who said that gambling can't be profitable? I saw many people get a good profit too and most of them just dont have self control and good management of their moneyflow that is why most of them back to start again because losing everything too. Gambling is not that bad the one that is bad is the player that can't control themselves

[Kepler510]

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.

[NewInCryptoCurrency]

It can only possible when you are lucky, but the bad thing is that you never know when you will win or how much you will lose and that is the bad thing there is in gambling.
Gambling is only made for fun and not for to earn some money with it, if you are thinking that you are wrong thinking because you cant be rich with gambling.

[Iceborn]

Yeah it has been proven in the past that gambling can be profitable not only in the long run but in general as well. But you will have to gamble many times if you want to make much money with it and that is a big risk.

[lienfaye]

Yes it is possible if you are a good player. It can be profitable if you are lucky enough to win more than losing. It is very risky and you have to risk your money without assurance if you will win or lose. though you can earn much you can also lose big time.

[RealBitcoin]

Sorry too many signature spammers, your posts dont even make sense and you repeat the same stuff the one above you says ,i have to close this.

[RealBitcoin]

Ok this thread will be restarted, but no more signature spammer please.

Try to address my mathematical calculation in the 1st post, i would like to hear your opinions on that!

[PrediMarket]

I assume you are talking about sports betting here otherwise, there is no real way to achieve a profit.

If you really want to win money when gambling, there are two key factors to take into account:

- assessment of the chances of each outcome (probabilities)
- percentage of your bankroll you need to put at stake

The first one is quite easy to do if you have a good knowledge of the sport you bet on and even if you don't, just look at the odds of a few bookmakers to get an idea of the forces in presence.

The second one is more tricky. As far as I know, the best (safe) way is to use a technique called the Kelly criterion. Depending on a few parameters, it tells you how much (in terms of percentage) you need to bet to achieve the highest possible return in average on the long run.

I also strongly recommend to abuse sure betting or any other forms of arbitrage-like techniques.

[FabioDelcatto]

It can be only profitable if you are lucky in gambling so that is not that easy to get that profitable, in the most cases people will lose money in gambling and that is bad.
But there are also a lot of people that is only gambling for fun and that is also important.

[RealBitcoin]

I assume you are talking about sports betting here otherwise, there is no real way to achieve a profit.

If you really want to win money when gambling, there are two key factors to take into account:

- assessment of the chances of each outcome (probabilities)
- percentage of your bankroll you need to put at stake

The first one is quite easy to do if you have a good knowledge of the sport you bet on and even if you don't, just look at the odds of a few bookmakers to get an idea of the forces in presence.

The second one is more tricky. As far as I know, the best (safe) way is to use a technique called the Kelly criterion. Depending on a few parameters, it tells you how much (in terms of percentage) you need to bet to achieve the highest possible return in average on the long run.

I also strongly recommend to abuse sure betting or any other forms of arbitrage-like techniques.

The edge, is depending on the game.

If it's a luck game, then you just have to cross fingers.

If it's a skill game, then better practice it a lot before playing for real money, to be the best player.

Then there is risk management, for which the kelly method is pretty solid, although there are other betting systems too.

[Patatas]

Ok this thread will be restarted, but no more signature spammer please.

Try to address my mathematical calculation in the 1st post, i would like to hear your opinions on that!

Wonder why would you restart the thread ? You know ,the first few pages were only mathematical notations or related answers ,rest all were spam mostly.Don't think opening it again will give any assurance on the post quality .The thread is not even self moderated to delete all the nonconstructive replies.Its better be locked before you lose your mind over terrible answers.

[RealBitcoin]

Ok this thread will be restarted, but no more signature spammer please.

Try to address my mathematical calculation in the 1st post, i would like to hear your opinions on that!

Wonder why would you restart the thread ? You know ,the first few pages were only mathematical notations or related answers ,rest all were spam mostly.Don't think opening it again will give any assurance on the post quality .The thread is not even self moderated to delete all the nonconstructive replies.Its better be locked before you lose your mind over terrible answers.

No its ok, i changed my mind. People can freely share their opinions, it was a popular thread.

If they spam, then the moderators will just delete those posts.

Plus it's an interesting topic, so i`m curious for more people's opinions.