Post
Topic
Board Gambling discussion
Re: Can gambling be profitable in long term ?
by
cjmoles
on 01/01/2016, 09:28:30 UTC

You are absolutely correct.  When one bets against the house edge, they are playing with a negative expected value....always.  I wouldn't recommend playing against the house for long because the house will always win in the long run.  My example above was a poker example which some people still believe is a game of chance and not a game of skill.  Some people even think that poker is a form of gambling...lol!

so poker is not gambling?

I was being a bit facetious.  It really depends on how one plays.  Yes, one can always take gambles in poker...betting on draws and long shots for maximum return.  But, it's a hardly a gamble if one plays by the numbers when playing against opponents of a lesser skill set.