Gambling does not equal spewing your money @dice and roulette.
Can it be profitable long term? Sure.
Lets say you flip a coin with your friend, and every time he wins - you pay him 1$, but if you win - he pays you 1$ and 10 cents. Does that qualify as gambling? Yes - there is a a) wager with a something of value 2) even with the uncertain outcome 3) prize
Why will it be profitable for you longterm in that example? Because odds are on your side.
So yes, certain types of gambling can be profitable longterm
And in this way, this is why gambling is profitable... for the house... if they have an edge.Can it be profitable long term? Sure.
Lets say you flip a coin with your friend, and every time he wins - you pay him 1$, but if you win - he pays you 1$ and 10 cents. Does that qualify as gambling? Yes - there is a a) wager with a something of value 2) even with the uncertain outcome 3) prize
Why will it be profitable for you longterm in that example? Because odds are on your side.
So yes, certain types of gambling can be profitable longterm
Statistically, the only way you are able to profit from the whole topic of gambling is to be the owner of the casino and have it so that the odds are in your favor. Greed also helps you to keep it that way
