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Topic: Can Gambling earn someone a living - page 5. (Read 936 times)

member
Activity: 365
Merit: 10
March 06, 2023, 02:35:30 PM
Nope, there are much easier ways to earn a living  Grin
legendary
Activity: 2548
Merit: 1009
Leading Crypto Sports Betting & Casino Platform
March 06, 2023, 02:34:26 PM
So my question now is that can someone use gambling as a means of earning living?
This is the most common question, but it's only natural because gambling behavior tends to vary from gambler to gambler.
There are times when someone gambles for fun, that's the reason when they have lot of money that maybe it won't get them into trouble when they lose. While most gamblers generally gamble for money, they look to gambling as means of making quick money, but in the end losing only tends to make them worse.

But if you ask gamblers, then in fact you will not get definite answer about what their goals are for gambling. I'm sure some will lie about the goal, but in most cases, earning money is the goal.

Making money in gambling sessions is the part we like the most. because of that, every gambler will hope to win the highest reward. no other words can break the argument, that the aim of gamblers is to make money and i agree with what you said.
But the problem is, in every gambling session the ratio of wins we have is smaller than the probability of losing. moreover, if what we play is a game based on luck. there are no other words, other than not to say that gambling cannot be used as a place to make a living. except, people who are experts in their fields, such as poker for example, or types of gambling that require skill, insight and knowledge. even then only a handful of people, even we can not be sure. therefore, if we only focus on making money in gambling.  usually, the result will be the other way around.
legendary
Activity: 1162
Merit: 2025
Leading Crypto Sports Betting & Casino Platform
March 06, 2023, 02:24:38 PM
The only users i know who live from gambling are those who have special deals with the casinos, we can see some streams like Trainwreckstv or Xposed who gamble huge amounts, but they have a deal with the casinos where they get a payment for each stream plus the income from the referrals.

But I don't think it's possible to live with pure gambling without a special deal because the casinos have a house edge and that means you will always lose in the long run, even if you have a lot of luck the long run will always get you.

Well said. By the way, I had completely forgotten about those streamers while I was replying this thread yesterday.  Tongue
So besides being extremely good at poker or sport betting, one can become a gambling streamer to make a living off gambling.

To be fair, I am not sure we can call those streamers to be "professional gamblers", I think they enter within the category of casino freelancing employment or sponsorship, because it does not matter whether they win or lose money during their streams, in the end of the day they receive their paycheck.

This an advertisement job.



hero member
Activity: 1484
Merit: 928
March 06, 2023, 02:04:04 PM
#99
I totally agree with you. Gambling is only for fun and nothing more. There are people who trick the system and live by it. Those are not gamblers but people who are in win win situations. Those are the ones who are mistaken like someone who lives from gambling.
I think gambling is suppose to be fun, but gambling is being taken as source of income, the funniest part is that some addicted gamblers still believe they are not addicted to gambling, they believe the are just gambling just for fun, but most of them are just after the money they are going to make from gambling.

If you think you are always lucky and you are always winning then you decided to make gambling your only source of income, what will happen when you stop winning, how will you be surviving?
legendary
Activity: 1946
Merit: 1157
MAaaN...!! CUT THAT STUPID SHIT
March 06, 2023, 01:42:46 PM
#98
The only users i know who live from gambling are those who have special deals with the casinos, we can see some streams like Trainwreckstv or Xposed who gamble huge amounts, but they have a deal with the casinos where they get a payment for each stream plus the income from the referrals.

But I don't think it's possible to live with pure gambling without a special deal because the casinos have a house edge and that means you will always lose in the long run, even if you have a lot of luck the long run will always get you.

Most gamblers will indeed lose in the long run, but still I have met a couple of people who used gambling as their main form of income. I know that one of them, after several years of sports betting, got a formal job because he needed official income certificates for a mortgage. I have not heard anything about the second one for a long time. But these guys were spending 5-8 hours a day researching and predicting matches.

Making gambling the main income would be very risky, because defeat would definitely occur and there would be no backup for that because they only do gambling as a job. Maybe they are already addicted and have no intention of looking for another source of income besides gambling. Sports betting can still be predicted by analyzing supported teams or players, it requires research of all factors so you can determine which one will win. Never suggest anyone to do gambling as their main income. It would become a deep abyss when they couldn't hold on any longer.
legendary
Activity: 2310
Merit: 2073
March 06, 2023, 01:34:18 PM
#97
The only users i know who live from gambling are those who have special deals with the casinos, we can see some streams like Trainwreckstv or Xposed who gamble huge amounts, but they have a deal with the casinos where they get a payment for each stream plus the income from the referrals.

But I don't think it's possible to live with pure gambling without a special deal because the casinos have a house edge and that means you will always lose in the long run, even if you have a lot of luck the long run will always get you.

Most gamblers will indeed lose in the long run, but still I have met a couple of people who used gambling as their main form of income. I know that one of them, after several years of sports betting, got a formal job because he needed official income certificates for a mortgage. I have not heard anything about the second one for a long time. But these guys were spending 5-8 hours a day researching and predicting matches.
full member
Activity: 602
Merit: 129
March 06, 2023, 01:30:56 PM
#96
So my question now is that can someone use gambling as a means of earning living?
Some people may use gambling to earn a living like
Trainwreckstv or Xposed
It's a risky and unpredictable activity that requires a deep understanding of the games being played and effective strategies to increase chances of winning. It's important to exercise careful risk management and consider it as a form of entertainment rather than a reliable source of income. Most of the gamblers are not succesful with their career.

legendary
Activity: 3346
Merit: 3125
March 06, 2023, 01:23:26 PM
#95
The only users i know who live from gambling are those who have special deals with the casinos, we can see some streams like Trainwreckstv or Xposed who gamble huge amounts, but they have a deal with the casinos where they get a payment for each stream plus the income from the referrals.

But I don't think it's possible to live with pure gambling without a special deal because the casinos have a house edge and that means you will always lose in the long run, even if you have a lot of luck the long run will always get you.
legendary
Activity: 2996
Merit: 1054
Leading Crypto Sports Betting & Casino Platform
March 06, 2023, 01:16:33 PM
#94
We have all seen and heard how gambling has destroyed so Many homes, a man that has never gambled in his life all of a sudden just starts gambling in the hope of making some cash to sustain and provide for his family but instead turns to a gambling addict who spends the little they have on gamble.
It is not easy to be able to make a profit from gambling, especially if you expect gambling to be a job with the aim of earning a living and supporting their family.
If we think logically, we can conclude that winning in gambling is only a profit factor because everything is regulated by the system. Although there are indeed some strategies to be able to at least beat the system that has been created by the game provider, but not 100% you can keep winning it.
If someone has more hope in gambling then I believe the destruction and loss that will be obtained in the future.
Gambling is a 50/50 risk of earning or losing. And when there is even a small risk of losing money, it can no longer be a form of regular income or work. It's like day trading on a crypto exchange, where you end up losing anyway.
Yes, the risk is huge and if you will treat gambling as a source of income it will not take that long for you to realized that you may lose more money than to earn out from this business, though there're exemptions with people/gambler who are good in executing their strategy, maybe there are some who can make money from time to time but in a daily basis they will still prone to suffer from losing their session.

More on good control and capability to limit your potential losses and able to recover portion by portion when you try
back your attempt.
hero member
Activity: 2884
Merit: 579
Hire Bitcointalk Camp. Manager @ r7promotions.com
March 06, 2023, 12:41:49 PM
#93
Heard about there is a lot of people can do make a living through a professional poker player as a career , well i cannot denied it but a lot more suffering than make a living for sure from what i know and experienced around my place , that is the fact and most people would agree about this.
Aside from being a pro poker player, there goes also those that are good in sports betting and without a doubt that many not just from the forum but also outside have been doing that lately.

With the vast choice of sportsbook, it's easier for everyone to find a place where they can stay for most times and just gamble and bet for the sports of their choice and we're aware that everyone's desire is to win those bets and earn some.
hero member
Activity: 1918
Merit: 564
March 06, 2023, 12:29:55 PM
#92

So my question now is that can someone use gambling as a means of earning living?
Yes, people can actually make a living through gambling, but it is not a reliable or sustainable way to make money, because in the long run, the majority of people who gamble will lose money rather than make money, as it is designed in such a way that casinos or sportbookers always stand to be at advantage.

If it is not sustainable it means we cannot make a living in gambling.  We all know that to make a living we should have a sustainable  source of income but  our gambling activities often times can't maintain the profit or source of money that we need for our daily needs. 

Though, I agree that someone who is knowledgeable in sportsbetting will somehow make a winnings that enable him to support his living.


And another important thing about gambling is that to be able to make any decent profit, one need to have good knowledge of the game he intends to bet on or be lucky

Luck is all it needs, even in an odds that is impossible to win if a person is lucky then he can beat all the odds and win.
full member
Activity: 1050
Merit: 109
1xBit.. recovered their reputation
March 06, 2023, 12:26:18 PM
#91
On before now gambling was seen as a dirty habit and was painted black in the society because way back the society believes any gambler have so many bad habits too like doing drugs which most gamblers was mafias not just mafias but rich people .But in this present world now gambling is seen as a business which both young (+18) and old part in which in the old times gambling was base most times about money wasn’t base on sport but now is modernize into different kind of sport that why in west Africa there are so many gambling and betting companies because is been accepted by the public now as a medium of making extra cash basically gambling to me was for men but now you can see woman parting in gambling games which everyone in that habit believes each day he/she must make more returns than he/she has spent to stake just as an entrepreneur knows that risk management of any business he/she is operating,a gambler knows that their is high risk in every stake but their believes so much in good future that good must always come by that no matter the amount a gambler loses believes his coming will earn that triple times .So my question now is that can someone use gambling as a means of earning living?
In the past, the king was considered a criminal, but that view has all shifted, gambling is a business, so don't be surprised if we see people who gain and also lose in gambling

if you do a search on google then you will see a lot of people who make a lot of money from gambling, now it's just how you react to a gambling game, if you really want to win big then don't ever play greedy, then the money you will get will be enough for you
hero member
Activity: 1092
Merit: 747
March 06, 2023, 12:02:36 PM
#90

So my question now is that can someone use gambling as a means of earning living?
Yes, people can actually make a living through gambling, but it is not a reliable or sustainable way to make money, because in the long run, the majority of people who gamble will lose money rather than make money, as it is designed in such a way that casinos or sportbookers always stand to be at advantage.
And another important thing about gambling is that to be able to make any decent profit, one need to have good knowledge of the game he intends to bet on or be lucky
legendary
Activity: 3542
Merit: 1965
Leading Crypto Sports Betting & Casino Platform
March 06, 2023, 11:40:34 AM
#89
One can earn a living through gambling but the level of the standard of living he gets from it determines how much he has given in gambling, also how versatile he is in doing that, there are many prospects that comes in with gambling and if having a combination of two or more can help in maintenance of one's self and living a normal life, not until you gambles alone before you make a living in gambling, you can have something you offer as service rendered or work under a gambling casino or organizations and get paid or a regular basis.

No, he is not asking if you work for a casino or a Sports betting site that involves gambling ....he means if you are a gambler, would you then be able to make a living from gambling.

I know not every person can understand English very well, so you might not have understood the question. Professional Poker players and Sports betting are your best bet to make a living from gambling.  Wink
legendary
Activity: 2674
Merit: 1048
March 06, 2023, 11:33:10 AM
#88
Heard about there is a lot of people can do make a living through a professional poker player as a career , well i cannot denied it but a lot more suffering than make a living for sure from what i know and experienced around my place , that is the fact and most people would agree about this.

Delusional if you think you have that chance , statsitically it's too tiny to take as a chance.
sr. member
Activity: 2282
Merit: 439
Cashback 15%
March 06, 2023, 11:29:44 AM
#87
We have all seen and heard how gambling has destroyed so Many homes, a man that has never gambled in his life all of a sudden just starts gambling in the hope of making some cash to sustain and provide for his family but instead turns to a gambling addict who spends the little they have on gamble.
It is not easy to be able to make a profit from gambling, especially if you expect gambling to be a job with the aim of earning a living and supporting their family.
If we think logically, we can conclude that winning in gambling is only a profit factor because everything is regulated by the system. Although there are indeed some strategies to be able to at least beat the system that has been created by the game provider, but not 100% you can keep winning it.
If someone has more hope in gambling then I believe the destruction and loss that will be obtained in the future.
Gambling is a 50/50 risk of earning or losing. And when there is even a small risk of losing money, it can no longer be a form of regular income or work. It's like day trading on a crypto exchange, where you end up losing anyway.
hero member
Activity: 3178
Merit: 661
Live with peace and enjoy life!
March 06, 2023, 11:26:01 AM
#86
~snip~
So my question now is that can someone use gambling as a means of earning living?

Gambling and living certainly makes sense for those who own such companies, because the house always wins, and those who play mostly lose, even when they sometimes win. A man who would decide to live by gambling without cheating would actually decide on a life in which his fate depends on whether the roulette will be black or red - even or odd, or how the dice will turn.

One type of gambling where you still have slightly better odds if you play smart is sports betting, but that's another story.
Right. Gambling can make someone earn a living if he is making it as a business, like owning a casino or starting a bookie as they will always be profitable as the house has always an edge over the players. But it takes a sufficient amount of capital before starting businesses like these. However, if you are just a regular gambler and would want to make it as a source of living, then it’s certainly not a good decision. Gambling is to lose your money most of the time, and not to make personal gains.
hero member
Activity: 1498
Merit: 504
March 06, 2023, 11:22:26 AM
#85
We have all seen and heard how gambling has destroyed so Many homes, a man that has never gambled in his life all of a sudden just starts gambling in the hope of making some cash to sustain and provide for his family but instead turns to a gambling addict who spends the little they have on gamble.
It is not easy to be able to make a profit from gambling, especially if you expect gambling to be a job with the aim of earning a living and supporting their family.
If we think logically, we can conclude that winning in gambling is only a profit factor because everything is regulated by the system. Although there are indeed some strategies to be able to at least beat the system that has been created by the game provider, but not 100% you can keep winning it.
If someone has more hope in gambling then I believe the destruction and loss that will be obtained in the future.
hero member
Activity: 2170
Merit: 530
March 06, 2023, 11:08:32 AM
#84
Gambling can be someone source of living. There are few people who take it as a job and are successful while others end up bankrupt and in debt because they believe in the thing called Luck and become addicted to it after few times of winning thinking they might just hit the jackpot again.But those who sees gambling as a profession don't depend on Luck but depends on continuous learning and studying and using logical reasoning and not being swayed by their emotions.

hmm but the thing is, I think gambling was created for us to entertain and spend it is not create to make it as our full time job, it is really hard for it to become your main source of income, if you know what I mean. I think most of us will agree to the thing that we should not rely our budget to gambling because it is not always rainbows and butterflies to it, so we must learn this thing and I think if we will make it as source of living it is not possible.
hero member
Activity: 714
Merit: 521
March 06, 2023, 11:04:36 AM
#83
One can earn a living through gambling but the level of the standard of living he gets from it determines how much he has given in gambling, also how versatile he is in doing that, there are many prospects that comes in with gambling and if having a combination of two or more can help in maintenance of one's self and living a normal life, not until you gambles alone before you make a living in gambling, you can have something you offer as service rendered or work under a gambling casino or organizations and get paid or a regular basis.
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