Hey Guys,
I want to tell you, how to invest and how to do not invest your Bitcoins.
This first post, gona to be about gambling.
So... first question. Is this gambling profitable? Yes, it is but only for a casino. In long term, player allways would lost all his founds. Why its happend? House edge. Its no matter if you are playing a dice, a blackjack or betts. House allways will win. You can not cheat math. The edge could be a very litle (like in dice or blackjack) and huge - in sports betting.
Im going to explain this, if you are toss the chances to won are 50%, so the expected win should be a 2x....but its not.
In sports betting, its about 1.8x, so casino odds are 2.2x, and its mean, that casino allways will have profit.
Why casinso have so much profit? Cause its addicting. With any win, you are getting much of endoprhine. Gamblers are not playing to win, they playin to fell emotions, to FELL IT!
If you are addicted, i recommend you to find something about a responsible gambling and go for an therapy. Its a way, to restore normall life.
Exceptions:
- Sure bets - if the EV (expected value) is on a plus. So...we have match with Team A and Team B. In one website you are going to bet 1BTC for team A with odds 2.1, on this site the odds for team B are 1.7, but you have luck, and you found that for same event, on second website you could bet for team B with odds 2.2.
First website, Team A - 1 BTC for 2.1 so expected win is 2.1BTC
Second website, Team B - 1BTC for 2.2 odds, so expected win is 2.2BTC
At all, you invested 2BTC and the result of match no matter. In each case (A or B won) you are going to have profit. Its really hard to find such sure bets, OneHash might be helpful
-Poker - thats a great game, you are playing agains other player, so if they ar e donsk, they don't know how to play - your chances are higher. But... at the begin of story, you are DONK, you need to play against a years experienced players. For much of them, the whole life is a poker. To win, you have to play a lot, starting from a low stakes and lear, learn, learn....
Any feedback mostly welcome. I have experience with HYIPs, Cloud Mining and want to tell you about this.