The houses always win, are you the house or the gambler?

[ReiMomo]

I can bring few more examples of house and gambler if I am not wrong. I am being a gambler. I go with small investment and trade few cheap cons that has huge market volume. Lets see my examples below. But house never be always a winner.

In Corporate:
House;- CEO, MD, Senior managers
Gambler - Employees at normal grades, admins, securities and house keeping

In Cine filed:
House;- Producers, directors, music directors, art directors
Gambler ;- The technicians, co artists and other workers

In politics:
House: Chief Ministers, MLAs, MPs, PM and all other Leads
Gambler: The people

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[SaShiRaJaVu]

~
Not every casino is successful because its also a business where only few can shine while others are going to fall in the long run, when we talk about a new casino then they should concentrate on increasing the gamblers traffic by promotions instead of spending million dollars for jackpot and anyone who has knowledge also will do in that way.

Most basic is the bank balance and if gambling site can promote them really well then they will get the traffic and the cryptocurrency gambling space is still young and anyone can take advantage of the situation and cover the market, Stakes for example is giving away more to their legit users and they are promoting big especially the UFC athletes and now they started promoting Football team as well.

[Lanatsa]

That makes no sense how is a miner the house in Bitcoin? They generate new blocks for the rest of the network and then they process transactions that is not gambling but a way of assuring Bitcoin survives.

The impression of gambling is to give plebs and others which may involve the option of winning through the unguaranteed chance and base on the OP question no gambler will ever be the house except those that invested in the house bankroll but it's not always profitable as people believe it to be because it also involves risk taking.

P2P gambling and you can avoid the issues with the house having the better chances.

Yep,its a bit contradictory or doesn't really connected at all because some of those things he mentioned above isn't really that connected to gambling where basically they do specifically function on their own.

House do always win? Majority do knows that but if you are still a noob then you wouldn't really mind much about this until the time came that you've been fucked up then you would realize that
this is the thing you would really be facing on onwards.

Neither you could be the house or the gambler but we know that businesses like these aren't simple to make as it sounds.

[pinggoki]

Gambling will always involve some form of risk, so is investing. That's why people say they are two sides of the same coin. All giving and offering a promise of profit while also involving a substantial risk. However, one takes immense patience and skill plus amountable knowledge in the field while the other requires self-control and a little bit of luck. You only become a gambler when you let the idea of gaining money instantly get over your head because there is no such thing as instant cash. Some effort is needed in order to profit.

I can bring few more examples of house and gambler if I am not wrong. I am being a gambler. I go with small investment and trade few cheap cons that has huge market volume. Lets see my examples below. But house never be always a winner.

In Corporate:
House;- CEO, MD, Senior managers
Gambler - Employees at normal grades, admins, securities and house keeping

In Cine filed:
House;- Producers, directors, music directors, art directors
Gambler ;- The technicians, co artists and other workers

In politics:
House: Chief Ministers, MLAs, MPs, PM and all other Leads
Gambler: The people

Basically houses are the big figures who can turn the tide of the project/structure/movement and affect the whole enterprise, whilst the gamblers are the foot siders who are still essential but do not hold substantial power within the system to affect the entirety of it. It takes time to become a house from being a gambler, but it only takes few minutes and a good scandal for a house to drop into being a gambler.

[jostorres]

I think operating a casino as the house does carry more risk to incur losses than operating as a stock broker in the stock trading market. If a gambler does truly get lucky and wins a huge amount of money in the casino, and if that gambler decides to stop gambling and leave the casino after withdrawing all his winnings without the intention of returning to the casino again, the casino owner will have to pay that gambler winnings out from his own pocket.

But a company operating as a stock broker, basically they do not lose any money when stock traders gain a huge amount of profit by trading in the stock market, because all the profits from the stock market that traders gain will come from other stock traders who decides to sell their stocks away at a loss. The stock broker will just collect a certain fixed amount of broker fees from their customers who trade stocks using their company trading platform regardless of loss or profits in every trade.

Stock market broker doesn't lose anything if stocks go up or down, they are not caring about what they do, it is just about how they take their cut from every move you make, so it is not really a shock that they would be not at risk. Obviously, casinos do have a chance to lose money in the short term because some guy could end up winning a huge amount, but they do also have people who lose a huge amount as well.

Look at sportsbet.io, they spend a few millions on sponsorship but only ONE person, literally just ONE guy ended up losing a million dollars there on a single game of England. So, it shows you that even though they do have that risk, they also have the advantage of being a house so in the long run they always end up in profit. Stock broker has unlimited potential, and casinos too, but I would probably pick a stock broker company over having a casino.

[smyslov]

If your role is to play then you are not a house but a gambler, I don't think the house always wins, but it is beating many gamblers, one of the proof is gamblers posting their winning in one session, the house always has the edge but when you stop when you are winning then that is the time that you have beaten the house if you continue you are likely to be eaten by the house edge.

[ralle14]

If your role is to play then you are not a house but a gambler, I don't think the house always wins, but it is beating many gamblers, one of the proof is gamblers posting their winning in one session, the house always has the edge but when you stop when you are winning then that is the time that you have beaten the house if you continue you are likely to be eaten by the house edge.

Posting wins doesn't mean much because from my experience you can have several losing sessions before getting that one profitable session. It's hard to make assumptions without knowing the actual story since there are people that doesn't mention their losses and at the same time brag so much about their winnings like they're in profit overall.

But what if a new casino opens up and they put the jackpot in and some lucky gamblers manages to get the jackpot on the first day? At that point the casino would actually lose money. Sure they have an edge in every game, but if they there aren't enough gamblers they could lose money. For the house este to fully work they need a lot of games being played every day. The law of large numbers will make it hey closer to the house edge.

That depends on the amount of jackpot because the usual jackpots i've seen are progressive so most of the rewards are accumulated through the bets placed by their players.

[Fredomago]

If your role is to play then you are not a house but a gambler, I don't think the house always wins, but it is beating many gamblers, one of the proof is gamblers posting their winning in one session, the house always has the edge but when you stop when you are winning then that is the time that you have beaten the house if you continue you are likely to be eaten by the house edge.

If you quit and take the money away from the house, in a slight way it would hurt the bankroll but knowing that there are many gamblers inside the platform that amount may cover up by those gamblers who will lose their money.

case to case though, if the amount is really huge and the gamblers choose to be wise and cash it out then house losses that day.

and like what I have said if not that huge, it will easily recovered from other gamblers who are losing their run.

[finaleshot2016]

It is meant to be the house has the edge and it could happen anytime you are playing the longer you play the more the house can take over your bankroll, so only play with money that you can afford to lose and treat gambling as entertainment it's hard to accept it if you want to make money from gambling because you really can't.

I'm still perplexed as to why some people regard gambling as a viable means of earning money, despite the fact that it is neither practical nor efficient, and it carries a significant risk of financial loss. Gambling, in my opinion, was created for amusement; you don't need to have a lot of information about it; simply wager on what you think will happen, and the outcome will be 50-50. So basically, everyone here should have the mindset of "play with the money you can afford to lose." It's evident that house edges have the benefit, and it's a business after all, so you need to make sensible decisions, take profit if you've already won, and have a great game.

[shield132]

In crypto, there is another "House" and that's an exchange when it comes to futures trading. In overall, when it comes to margin trading, the exchange and the liquidity providers are the houses because it doesn't matter what's going on around you, there is no way for them to lose. Even when you lose, they profit because they liquidate your funds once you reach some limits.

And when it comes to just crypto trading, I think that houses are the wholes and the ones who have a huge influence over the traders, like Elon Musk for example.

The house edge of the game and the trading market is very different. In gambling, you play against the house that always wins but in trading, you have to follow the "house" in order to win and achieve success.

[South Park]

The houses always win, are you the house or the gambler?

Remember only idiot take high risk to get high reward. The houses do not take risk but telling all of you to take high risk. Whether it’s bear market or bull market, the houses always win. The houses do not care whether some of you wageslave plebs actually make a lot of money from the high risk high reward. The houses need some of you plebs to make a good example to a get rich quick scheme, to educate all other wageslaves to not give up the hopes of beating the house. Are you the house or the gambler?

In crypto
The house is: miner, dev, whale holder.
The gambler is: wageslave trader, wageslave investor, wageslave plebs, all of you suicidal wageslave high risk high reward taker.

In stock market
The house is: bourse, exchange, broker, banker, loan shark, billionaire, millionaire, the major shareholder, the director of the company that own many shares.
The gambler is: all of you suicidal wageslave high risk high reward taker.

In casino
The houses is: the kingpin, the broker, the banker, the loan provider
The gambler is: all of you suicidal wageslave high risk high reward taker.

In crypto airdrop
The houses is: airdrop participants, devs, the host coin used underlying the airdropped slave token.
The gambler: the banks, the government (El Salvador), the plebs, the billionaire (elon), the millionaire(?), the central bank, all of you suicidal wageslave high risk high reward taker.

In a marriage
The house is: wife, women, family court, feminist, parent to the spouse, baby who gave birth, mother to the baby, Melinda gates.
The gambler is: the husband, men in general, beta cuck wageslave plebs, bill gates, elon.

In real estate market
The house is: landlord, banker, broker, billionaire, millionaire, government
The gambler is: tenant, wageslave plebs, plebs student in college, plebs student in school, basement dwellers.

Add more of your example below, and make the thread fun to read, don’t spam

To this I will add politics, the house are obviously the politicians, the rich, bureaucrats and corrupt people and the gambler is the person that actually thinks their vote can make the difference since political parties are just like mafias, you are just choosing your master you do not to stop being a slave.

Anyway people need to become smarter so even if they do not form part of the house, as most of the time that is immoral and incorrect to do, at least they are not the victim any longer.

[suzanne5223]

The impression of gambling is to give plebs and others which may involve the option of winning through the unguaranteed chance and base on the OP question no gambler will ever be the house except those that invested in the house bankroll but it's not always profitable as people believe it to be because it also involves risk taking.

P2P gambling and you can avoid the issues with the house having the better chances.

Yes, the house to always win issue will be different if use p2p gambling site but ask yourself how many crypto gamblers trust or make use of p2p gambling when there reputation is not good enough the magnitude of people totally trust them.
The last time I checked, gamblers don't care about the house winning ratio and what they are after is honesty.

[snipie]

The impression of gambling is to give plebs and others which may involve the option of winning through the unguaranteed chance and base on the OP question no gambler will ever be the house except those that invested in the house bankroll but it's not always profitable as people believe it to be because it also involves risk taking.

Indeed as someone who was at the same time a player and an investor in the house, I can confirm this. Here is my full investment history in Yolodice https://bitcointalk.org/index.php?topic=5254959.0
As a player, I won several times but was too greedy to stop few times which cost me a lot. Overall my stats were negative because I don't know when to stop.
As a small investor, well I passed by bad moments where my balance (and the house) was negative due to lucky dudes sucking a lot of coins. Fortunately those guys don't know when to stop also so they helped us to recover. Others kept winning and made other investors and the house bleeding.

[Shasha80]

It is meant to be the house has the edge and it could happen anytime you are playing the longer you play the more the house can take over your bankroll, so only play with money that you can afford to lose and treat gambling as entertainment it's hard to accept it if you want to make money from gambling because you really can't.

I'm still perplexed as to why some people regard gambling as a viable means of earning money, despite the fact that it is neither practical nor efficient, and it carries a significant risk of financial loss. Gambling, in my opinion, was created for amusement; you don't need to have a lot of information about it; simply wager on what you think will happen, and the outcome will be 50-50. So basically, everyone here should have the mindset of "play with the money you can afford to lose." It's evident that house edges have the benefit, and it's a business after all, so you need to make sensible decisions, take profit if you've already won, and have a great game.

Some people still believe they can make gambling to make money, so they are trying to find a strategy that can beat the casino. The fact that we as
gamblers will be harmed if we play too much gambling, not only can lose a lot of money, but even risk becoming addicted. We really have to change
our mindset that playing gambling is only for entertainment, if we win, think of it as a bonus. Whatever strategy we use when gambling, in the end
the chances of winning are still 50-50, because gambling is a game that depends on luck. It's natural that the houses always win, because they created
a gambling system indeed to make a profit. The gambling industry has always been a profitable business, so now with technological advances, many
online gambling have emerged.

[Saint-loup]

The houses always win, are you the house or the gambler?

Do houses always win? No! Homes almost never lose.
We've had countless cases of lucky players who have won big prizes and them withdraw money from the house to their wallet (if not a scam).
The fact is that when you win a good prize, most of the times peoples continue to bet, giving the house the chance to recover from the loss it had.

The solution is simple, plan with a limit on spending and maximum bets, the house will continue to win, but at least you won't leave grumbling.

No it's wrong house loses very oftentimes, for example at the roulette, the house loses almost half of the time, when the player bet on odd or even, red or black, high or low... So the house loses against many players, but it wins against most of them.

[Vaskiy]

The houses always win, are you the house or the gambler?

Do houses always win? No! Homes almost never lose.
We've had countless cases of lucky players who have won big prizes and them withdraw money from the house to their wallet (if not a scam).
The fact is that when you win a good prize, most of the times peoples continue to bet, giving the house the chance to recover from the loss it had.

The solution is simple, plan with a limit on spending and maximum bets, the house will continue to win, but at least you won't leave grumbling.

No it's wrong house loses very oftentimes, for example at the roulette. So the house loses against many players, but it wins against most of them.

Maybe with roulette what you say could happen. Here you itself have mentioned house loses against many players, but it wins against most of them. It is same as house always wins, because finally the profiting authority is the house and not the gambler.

[fortunecrypto]

No gambler can claim that he can beat the house because by default the house has the edge this is the one that makes them sustain their operation, but this doesn't mean that we never have a chance to win, we always have the chance to win, there are players who come out the winner and the data is available, you can come out a winner if you know when to stop when you are winning, by continuing to play and thinking that it's your time to shine and recover your losses, that's the time the house edge will come to play.
Gambling is not meant to be your cash cow, although some others can do that sometimes, it's meant to give you entertainment and get excited after a hard day's work.

[magneto]

Actually, the lines have been blurred between the two in recent years.

You can now be both the house and the gambler. Just think about sites like Bitvest where you can invest & play at the same time. The process of funding a bankroll has now largely become more democratised than ever before.

And no, the house does not always win. In the long run, and theoretically, yes. But in the short run, the gambler can really push the house to its limits (just think about Nakowa on JD years back).

[ethereumhunter]

The houses always win, are you the house or the gambler?

Do houses always win? No! Homes almost never lose.
We've had countless cases of lucky players who have won big prizes and them withdraw money from the house to their wallet (if not a scam).
The fact is that when you win a good prize, most of the times peoples continue to bet, giving the house the chance to recover from the loss it had.

The solution is simple, plan with a limit on spending and maximum bets, the house will continue to win, but at least you won't leave grumbling.

No it's wrong house loses very oftentimes, for example at the roulette, the house loses almost half of the time, when the player bet on odd or even, red or black, high or low... So the house loses against many players, but it wins against most of them.

The house will still win from many gamblers and even if they lose because of one or two gamblers, they still got the biggest money from the other. Many gamblers will spend their money playing gambling and many of them losing the money for playing for a long time. And that can be a benefit for the gamblers, especially if the gamblers can not control themselves and use more money to gamble. If the casino has many favorite gambling games that can attract many gamblers to play, many gamblers will lose their money.

[swogerino]

The houses always win, are you the house or the gambler?

Remember only idiot take high risk to get high reward. The houses do not take risk but telling all of you to take high risk. Whether it’s bear market or bull market, the houses always win. The houses do not care whether some of you wageslave plebs actually make a lot of money from the high risk high reward. The houses need some of you plebs to make a good example to a get rich quick scheme, to educate all other wageslaves to not give up the hopes of beating the house. Are you the house or the gambler?

In crypto
The house is: miner, dev, whale holder.
The gambler is: wageslave trader, wageslave investor, wageslave plebs, all of you suicidal wageslave high risk high reward taker.

In stock market
The house is: bourse, exchange, broker, banker, loan shark, billionaire, millionaire, the major shareholder, the director of the company that own many shares.
The gambler is: all of you suicidal wageslave high risk high reward taker.

In casino
The houses is: the kingpin, the broker, the banker, the loan provider
The gambler is: all of you suicidal wageslave high risk high reward taker.

In crypto airdrop
The houses is: airdrop participants, devs, the host coin used underlying the airdropped slave token.
The gambler: the banks, the government (El Salvador), the plebs, the billionaire (elon), the millionaire(?), the central bank, all of you suicidal wageslave high risk high reward taker.

In a marriage
The house is: wife, women, family court, feminist, parent to the spouse, baby who gave birth, mother to the baby, Melinda gates.
The gambler is: the husband, men in general, beta cuck wageslave plebs, bill gates, elon.

In real estate market
The house is: landlord, banker, broker, billionaire, millionaire, government
The gambler is: tenant, wageslave plebs, plebs student in college, plebs student in school, basement dwellers.

Add more of your example below, and make the thread fun to read, don’t spam

I am a miner among other things and this is what I do at least 90% of the time so in this scenario it looks like I am the house and I have the edge.While in real life I was an avid gambler and I still am a gambler because I like playing slot machines from time to time,in your example I am the house.I never thought I would be the house so this is a good scenario that is to my liking.Also in real estate market I am the house as I own my house and I am about to buy a new one when Bitcoin will hit 100.000 because it is not a matter if but is a matter of when.