Quote from: ndnhc on February 22, 2016, 08:50:42 AM

Quote from: RealBitcoin on November 14, 2015, 12:11:53 PM

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.

Unless you are able to make winning bets and manage your bankroll properly.

Quote from: RealBitcoin on February 22, 2016, 08:55:08 AM

Quote from: ndnhc on February 22, 2016, 08:50:42 AM

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.

But there is no infinity in reality.

In the finite 75 years we live, this scenario I described is totally possible, so much that it could have already happened.

There are millions of casinos worldwide, the odds of this happening is pretty likely in one of them, and it's so strange that people wouldnt even know if its true or not.

If you put 1 million gamblers in front of a slot machine with a 1 million $ bankroll. And for easyness sake have a 0.5% house edge, and let them gamble 1 year straight, every day for 5-6 hours.

I guarantee you that a few gamblers will come out net profitable at the end of the year, it's just inevitable.

I wouldn't be so sure about that.
How much are they actually betting , and how volatile are the slot machines? (The less variance, the more likely none of them will be a winner after playing for ~2,000 hours.

Math tells us about what is likely or unlikely to happen next.

Luck is a way to describe what has already happened.