Quote from: Diced90 on February 15, 2020, 10:58:05 AM

Quote from: Darker45 on February 15, 2020, 09:33:51 AM

Three things:

1. If you are losing in gambling, around 90% or even more of gamblers are like you.
Good luck!

False.

Logically, the house edge also applies on the macro-scale.

For example, a platform with a house edge of 1% means the house wins 50.5% of the time, and hence the player loses 49.5% of the time.

Overall, around 49.5% of players would be in profit at this place.

For a platform with a 2% house edge, this changes to 48% wins, and 52% lose against the house.

Are you sure about this?

As far as my own logical reasoning is concerned, the party which has the edge will almost always turn out the winner, especially in the longer term. In this case, the house.

I don't share how you use the % of house edge into concluding that around half of the random games gamblers are in profit.

If we can take something from a professional gambler:

Quote from: tyKiwanuka on February 15, 2020, 10:56:59 AM

Quote from: Darker45 on February 15, 2020, 09:33:51 AM

1. If you are losing in gambling, around 90% or even more of gamblers are like you.

In games of luck like Dice, Casino, Slots 100% of people lose. In games of skill like Sportsbetting and Poker it's around 97%.

Quote from: Haunebu on February 15, 2020, 10:06:55 AM

Best gambling strategy(My favorite):

1. Gamble with money that you are willing to lose. Play primarily for the fun aspect and enjoy.
2. Go all in and leave. Don't focus on playing the long term since the HE will ensure that the casino ALWAYS wins in the long term.
3. Trying various progression strategies could help in the short term, but yolo gambling(All in at once) is the most effective option in the short term in my opinion.
4. Use the same strategy in sports betting too.

"Play primarily for the fun aspect and enjoy." You don't get to have fun and enjoy the game if you "Go all in and leave."

To OP, please don't "yolo gambling(All in at once)." This will bankrupt you. And your wife might kill you because of this! Wink

In sports betting, the strategy is to know the teams, their players, their plays, their stats, their weaknesses and strength, and so on. I don't think strategies used in random games will all be applicable to sports betting. For sure, YOLO gaming is not a sound option either.