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

[Kittygalore]

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.

If gambling businesses don't have the house edge on their favor, what's the point of making a business out of it when you know that you won't make a big profit out of it. Also, if you really don't want the house winning, don't play because they rely on the people on their business so they can get a profit so with no players, that's when they experience losses.

[passwordnow]

In gambling, taking high risk is normal for us gamblers. We tend to go against the house and are aware that they always win in the end. But it doesn't mean that we cannot win against them. We can but the chance will always be little than their chance of winning against us.

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

Only a gambler that doesn't understand the power of the house will proclaim that he can beat the house. Or if there's a salesman that says that someone can beat the house through his product which is the method that's for sale, it's just all about sales not strategy because it's hard to beat the house.

[Kong Hey Pakboy]

One way to win against the house is by not playing, you don't win or lose but ultimately, they don't win against you since they didn't get any of your money. I would say that I am more of a gambler more than the house because the house is a small circle and not everyone belongs in it.

[RealMalatesta]

I would say that being a house is not as easy as it looks. Many people here seems to think that houses do not end up losing money but the reality is that many people who start a casino end up spending insane amount of capital for it and they do not make it back that quickly, sure it is a good profitable business after a while, specially considering when you have enough money and making good enough profit you will end up having enough marketing budget to keep getting more and more people as well.

So long story short it is obvious that we are talking about something very risky at first, and doable afterwards but how many of us have enough money to cover those first days? I do not have a million dollars, and if you have less than that I am sorry but you are starting way too small for most gamblers to care, which is why being a house is not that easy neither.

[KTChampions]

~
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.
~

Miners do not get their equipment and electricity from a magic chest as a gift, but buy it on the market. And if you are interested in this topic, then the payback of the equipment is never guaranteed, so the miners do not exactly belong to the house. Perhaps this category includes manufacturers of mining equipment who first take your money and after a year supply it to you. But as history shows, they also have problems and sometimes they are on the verge of bankruptcy.

[paxmao]

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

...

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.

...

I cannot believe that I am reading this. How is "the wife" the house? Firstly, not all marriages are wife and husband, secondly, not only men can be entrepreneurs and take risk, thirdly, and this is what you really got wrong and may cause a problem in you life: your partner is not your adversary, it is part of your team and the most valuable life resource. It is never about who wins and who does not because the team cannot be happy if one of the members is not happy - which means that everyone has to look after the other or eventually they will either part ways or be unhappy together.

I take it you come from a culture in which women are not treated as equals and you seem to have a resentment on the role you have imposed on yourself. Your loss.

As for the rest of the analysis... most of it shows the general lack of knowledge about crypto that can be expected from a Jr.

[Dread Pirate Roberts]

Being a house edge also has risks, maybe if you said house edge can be backed up from other players it makes sense but that's part of the gambling business that requires large capital. and getting players is not easy. a lot of costs are needed. unless you become the house edge between your friends or in a small circle. but in a small scope I think the risk is equally same. that quite difference between running gambling bussiness or only casual gambling.

[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.

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.

It good read an evidence of what I said on here from someone like you that have to see all (gambling and bankroll investment) there no guarantee chance of winning in gambling and making profit through bankroll investment and people need to understand the concept of gambling to prevent addiction.

[SaiyanSS3]

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

...

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.

...

I cannot believe that I am reading this. How is "the wife" the house? Firstly, not all marriages are wife and husband, secondly, not only men can be entrepreneurs and take risk, thirdly, and this is what you really got wrong and may cause a problem in you life: your partner is not your adversary, it is part of your team and the most valuable life resource. It is never about who wins and who does not because the team cannot be happy if one of the members is not happy - which means that everyone has to look after the other or eventually they will either part ways or be unhappy together.

I take it you come from a culture in which women are not treated as equals and you seem to have a resentment on the role you have imposed on yourself. Your loss.

As for the rest of the analysis... most of it shows the general lack of knowledge about crypto that can be expected from a Jr.

Fine
I accept this challenge.
Women always win.
In the school, women always win, girls always win boys by academic achievement, boys need sheer luck to win girls generally in the school.

In the job market, women always win, girls generally easier to get the job, boys generally failed to get the job, the job market is sexist. Banker are usually hiring girls, hot girls, no boys strictly, boys do not allowed to be banker, sales and marketing, women strictly, the list goes on. Programming and block chain some of these very neets occupation, even girl find it unattractive to work for, it’s the job for boys generally.

In the social media, women always win, women get likes and views create effortless content, even get millions to billions views for something very simple. Boy need to create very strong content, and also sheer luck to win over the audience.

In dating market, women always win. Girls get laid as easy as swipe left or right. Boys, however constantly ask about how to get laid, because they dunno how to get laid, they can work so hard, try so many tricks, spend so much money, no luck can help you sorry pal, please pray for your next life is a woman.

In sport too, women always win.
Wife always win.

Boy always lose, it’s what they’re designed to live on this planet, they’re loser by default, for the rest of life, boy can never be the house since they always lose.

Conclusion? Women is the house, wife is the house, they always win, they keep winning, they never lose.

[Obito]

I am the gambler even though I hate to admit it, it's the truth of the matter that I am giving my hard earned money to the house. But that doesn't mean that I am powerless against them because I am the lifeblood of their business, if I stop playing, they won't exist, it's kind of a twisted symbiotic/parasitic relationship.

[SaiyanSS3]

I hate to be sexist but I need to make it to reveal the true colour of human

I decide to swap the keyword from house to wife, and give a new meaning to the same phrases.

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

[KTChampions]

I am the gambler even though I hate to admit it, it's the truth of the matter that I am giving my hard earned money to the house. But that doesn't mean that I am powerless against them because I am the lifeblood of their business, if I stop playing, they won't exist, it's kind of a twisted symbiotic/parasitic relationship.

Judging by your dissatisfaction, are you spending more money on gambling than you would like? Maybe you should limit your budget and then you can return it to the normal course of the normal relationship between the player and the casino: the casino gets money, and the player enjoys the game.

[Obito]

~snip

Judging by your dissatisfaction, are you spending more money on gambling than you would like? Maybe you should limit your budget and then you can return it to the normal course of the normal relationship between the player and the casino: the casino gets money, and the player enjoys the game.

No, I am being sardonic with how gamblers are being seen. I don't spend a lot of money with gambling plus most of the games that I do are fairly cheap in terms of maximum bets, you might say that it's around 2 USD as a ceiling bet. I do enjoy the game since I play with my friends and it's quite a fun gambling experience since there's trash talks and teasing.

[michellee]

One way to win against the house is by not playing, you don't win or lose but ultimately, they don't win against you since they didn't get any of your money. I would say that I am more of a gambler more than the house because the house is a small circle and not everyone belongs in it.

No problem with that but the casino will have other gamblers who want to play gambling, whether they lose small or big money. The casino will take the gambler's money who can not control themselves and even the gamblers can win for the money, the casino will get it again from the other gamblers. We are all gamblers and still playing gambling because we like it but we must remember not to use the money that we can not afford to lose at the gambling table. We have the other things that need that money for our life.

[carlisle1]

One way to win against the house is by not playing, you don't win or lose but ultimately, they don't win against you since they didn't get any of your money. I would say that I am more of a gambler more than the house because the house is a small circle and not everyone belongs in it.

No problem with that but the casino will have other gamblers who want to play gambling, whether they lose small or big money. The casino will take the gambler's money who can not control themselves and even the gamblers can win for the money, the casino will get it again from the other gamblers. We are all gamblers and still playing gambling because we like it but we must remember not to use the money that we can not afford to lose at the gambling table. We have the other things that need that money for our life.

Nailed it! whatever happened to your gambling activities inside the casino it won't hurt them much,
those well known casino business always have the edge since there are patron who keeps on coming back and play,

If you win some and you made it to quit while you have the money then it simple, you win against the house but keep
in mind that eventually you'll going to playback most if not all the gamblers have this same mentalities and by then the house is fully ready for you.

Losing that day will keep you coming back and gives the house more opportunities to suck your savings.

[acquafredda]

Exactly!
Casinos, whether they are land-based or online, earn from the difference between the players' wagers and the winnings paid out. The games are structured with a payout such that, also by virtue of the laws of mathematics and statistics, the casino revenues always tend to be higher than the winnings paid out to the players. It could not be easier to explain.

[sana54210]

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).

Short terms do not matter when we are talking about a casino that gets more than one gambler. Which means if you have a thousand gamblers, if few of them wins today (which they may lose it back tomorrow) that doesn't mean anything for the casino since majority still keeps losing because of the house edge. That is how they are making a profit while showing you how that one guy once won 40k from 40 bucks, because that doesn't matter to them since there are others that lost much more during the same period.

On the "blurred lines" part you are sort of right, because you can both invest and also gamble, there are also newer places that give tokens which pays dividends, with the defi world that became a bit more famous but that is still gambling with you gamble and house when you are not gambling so there are still a bit clearer line time to time.

[Mahanton]

Exactly!
Casinos, whether they are land-based or online, earn from the difference between the players' wagers and the winnings paid out. The games are structured with a payout such that, also by virtue of the laws of mathematics and statistics, the casino revenues always tend to be higher than the winnings paid out to the players. It could not be easier to explain.

Its doesnt make sense if you do presume out that gamblers/users would really  be having bigger gains that the house itself.This would just simply shows that a business wont sustain that long
if they wouldnt able to make money in long term but since gambling is a business which would really sustain because house do always win. House edge is always there and there might be
some perks or promotions but still do end up on house advantage. When it comes to gain then this would really be depending on how lucky you are as a gambler.
Dont even try to think on beating up the house because this is way too impossible.

[DoublerHunter]

~snip~
Dont even try to think on beating up the house because this is way too impossible.

^ Definitely right, if all gambling businesses will end up keep losing house edge probably none of them will ever survive, it will probably most of them will stop running a business. That is a business and I think no one will waste money if you have a gambling site that always losing money. However, on other hand, gambling is intended for entertainment purposes only so never think of beating the house edge because that is impossible that you will continuously win on it.

[KTChampions]

Judging by your dissatisfaction, are you spending more money on gambling than you would like? Maybe you should limit your budget and then you can return it to the normal course of the normal relationship between the player and the casino: the casino gets money, and the player enjoys the game.

No, I am being sardonic with how gamblers are being seen. I don't spend a lot of money with gambling plus most of the games that I do are fairly cheap in terms of maximum bets, you might say that it's around 2 USD as a ceiling bet. I do enjoy the game since I play with my friends and it's quite a fun gambling experience since there's trash talks and teasing.

If so its good! By the way, thras talking during poker is great fun, thanks for reminding me of that. Back in the days when most people weren't online yet, I played poker with my friends, we drank beer and bullied each other while playing  Now, even without taking into account the pandemic, everything has changed (poker is prohibited in my country) and it is much more convenient to play online.