Yes gambling can be profitable in the long run. It is a mathematical possibility. I`m not a gambling shill, but i`m very frustrated when people put out misleading information. The truth is important.
It is only "long" run when you lose it lol.
Mathematics guarantees that when you bet on infinitely, a time comes when you lose your bankroll.
You cannot win in the long run, because if you win, you are to play again.... till you lose.
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-Gambling can be profitable in the long term for the gambler
-Gambling cannot be profitable in the long term for the gambler
-Gambling can be profitable in the long term for the house
-The house can go bankrupt
All of these 4 scenarios could happen. They are not impossible. It all depends on luck.
-Gambling cannot be profitable in the long term for the gambler
-Gambling can be profitable in the long term for the house
-The house can go bankrupt
All of these 4 scenarios could happen. They are not impossible. It all depends on luck.
2, 3 and 4 are correct. 1 is a wrong statement, and 2 contradicts 1 if you really meant 'cannot'.
Well.. you even said so yourself:
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In infinity all gamblers would lose
My long term is apparently much longer than your long term.
