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by funny948 2234 days ago
It is very possible to lose money betting on the obscure stuff. I'm not going to say what exactly but its just luck and you compete with all the other poeple thinking they can make a quick bug.

The mistake is, that at the end of the day, to get an 'edge' means: 1. You take the money from someone else 2. You have to spend so much time on this topic, that it becomes a job 3. Its still more risky, less awarding and just gambling than having a carrier within a proper profession 4. Don't let get draged into this gambling shit by people telling you how easy it is. Their main motivation to do so is to get your money 5. You are never the person who has the good odds. Not in poker, not in a casino, not online.

2 comments

You lost me at poker. Poker is not against the house, and a rake simply changes various betting expected values. Poker is very much a game with varying levels of skill. A good player will consistently outplay a bad player. It is, however a game of high variance, so you need a bigger bankroll than most people realize. Also the skill level goes up quickly. a 10-20 table is much harder to beat than a 5-10 table. In fact these 2 facts makes a common meme with regular poker players. They find they can win at a lower stakes table then take their winnings only to lose it at a higher stakes table that they might be good enough to play but don’t have the bankroll to survive. Then they go back to grind it out at the lower stakes table. Rinse repeat.
I mentioned it to the other person commenting as well:

Gambling means someone has to lose.

It is not a job. It is not a way to earn money. It is a way to take money from others.

The majority of people have to lose, otherwise it wouldn't work for the few people trying to get all theothers to 'play with them'.

And yes i think poker is one of the 'fairest' 'games' but the same issue applies.

Imagine everyone winning in poker. Go figger

It is surprising that you think you know everything and that you actually know nothing.

It is very possible to make money betting (I have been doing it for over ten years). As you won't believe me, I would do some Googling on this. One of the biggest employers out of engineering programs in the UK is a betting syndicate. And betting is just probability. If the event happens more often than the price, you make money.

You bet, you win, someone else is losing.

I did not wrote this for the few people taking the money from the majority. I wrote this for the majority of people thinking they can win just to give it to you.