Can Gambling earn someone a living - page 7.

Oasisman

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Quote from: Oti147 on March 05, 2023, 10:23:45 AM

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 .

This was the effect of the movies where they portrayed villains as gamblers, drug dealers, all sort of criminal junkies, but in reality, you can't see any of those in a casino. Those were just a stereotypical views towards gambling.

Quote from: Oti147 on March 05, 2023, 10:23:45 AM

So my question now is that can someone use gambling as a means of earning living?

Absolutely NO. You'll gonna end up broke 100%. I mean you can use gambling as a means of living when you own the business, but when you are the gambler? That's a big NO.
You will gonna win and lose in a daily basis, when you're trying to make a living, that only means one thing, be productive and earn daily, that's not something gambling can offer you though.

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Quote from: Oti147 on March 05, 2023, 10:23:45 AM

~ So my question now is that can someone use gambling as a means of earning living?

Of course. We have many examples of sports bettors and professional poker players who earn good money from their gambling. And don't forget about people winning Lottery Jackpots. Yeah, they do exist. So, the answers is yes, someone can. The thing is that the probability of you(or me) being that "someone" is extremely low. It's about one in a million chance of us to be so lucky, or, both, lucky and skillful in the case of poker and sports betting. That is why it is more rational to not count on that and use gambling only as entertainment.

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I won't advice someone to just depend solemnly on gambling to make a living, even those professional gamblers sometimes do experience some hard times not to talk of those that are just getting new to the industry or those that are addicted to gambling.

If you compare the money that's been won through gambling to the one that's been lost to gambling you'll see that there's a big difference. If you carryout a survey and try to find out the ratio of money lost to money lost in gambling from bitcointalk gamblers you'll see that majority of them are just losing their money continuously but yet still gamble just for the sake of fun.

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Quote from: Oti147 on March 05, 2023, 10:23:45 AM

So my question now is that can someone use gambling as a means of earning living?

Why should people use or even fathom that gambling can earn them a living? It doesn't even qualify as a side hustle. I see no reason in it because how would one take up gambling as a profession knowing full well that the odds are against you? Essentially, gambling should be seen as fun, a form of entertainment to relax, unwind, and pass time. Gambling with the aim of making it an income stream is not responsible at all and would lead to gambling addiction that may end up ruining the individual's life.

If you really want to make money off gambling if you are into sports betting, then you should consider being a sports betting consultant and having people pay you to analyze games and give them great odds. This way, you can make money.

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Quote from: GigaBit on March 06, 2023, 12:36:05 AM

Quote from: Rigon on March 05, 2023, 05:42:01 PM

There was a time when people considered gambling as a curse. And especially in rural areas, gambling is still considered a curse. However, it has changed a lot in the course of time. People earn money from gambling section but it is never suitable for leading a good life. Some people win once or twice from gambling but lose more time here. So I never thought fit to earn money from this gambling and lead a good life. No matter how much the gambling section changes, I will never do it for a living.

Each level of society has undergone massive changes over time. Gambling has also undergone drastic changes. Earlier gambling was considered as the most hated activity in the society but now there has been immense changes. In the past there was nothing about gaining any knowledge about gambling. Now there are various types of research and analysis on gambling. Today the wise people of the society are also very much encouraged in gambling sitting at home. The rise of gambling industry is a great proof of this. Gambling nowadays has brought more transparency. Gambling will not bring any harm if a gambler learns to gamble responsibly.

That's true, it is to be noted that the view on gambling has been changed over time. Even now people want their gambling activities to be kept secretly. Whether it is rich person or a person who has got addicted to gambling, this is the reality. With time technology have got advanced and the same has helped people to gamble in a much secure way with cent percent privacy. I am not sure how far the real real casinos have increased but the online gambling industry have grown big. Gambling addiction can be cured, but it happens when the person himself realise what he's going through. While talking of living through gambling, it is possible but the same won't workout all the time.

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Quote from: visionE2 on March 05, 2023, 05:36:23 PM

Using gambling as a source of income is very difficult because it is very risky, especially if you are addicted. I used to also want to make gambling my main income and in the end I lost everything. Cars, living situations, equipment, lots of money, etc. Bad, It took me years to learn how to control it. Need self-control finally, Now I only play gambling and only as a hobby.

Addicted or not Gambling is a risky activity, and gambling cannot be like you are gambling all the time and the results can meet your living expenses every month because I believe people who gamble and can earn a lot are people who already have a steady income from other sectors so that gambling is like passive income even though it is very possible that gambling is just an activity for pleasure.

GigaBit

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Quote from: Rigon on March 05, 2023, 05:42:01 PM

There was a time when people considered gambling as a curse. And especially in rural areas, gambling is still considered a curse. However, it has changed a lot in the course of time. People earn money from gambling section but it is never suitable for leading a good life. Some people win once or twice from gambling but lose more time here. So I never thought fit to earn money from this gambling and lead a good life. No matter how much the gambling section changes, I will never do it for a living.

Each level of society has undergone massive changes over time. Gambling has also undergone drastic changes. Earlier gambling was considered as the most hated activity in the society but now there has been immense changes. In the past there was nothing about gaining any knowledge about gambling. Now there are various types of research and analysis on gambling. Today the wise people of the society are also very much encouraged in gambling sitting at home. The rise of gambling industry is a great proof of this. Gambling nowadays has brought more transparency. Gambling will not bring any harm if a gambler learns to gamble responsibly.

lienfaye

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Quote from: Oti147 on March 05, 2023, 10:23:45 AM

So my question now is that can someone use gambling as a means of earning living?

It is possible solely for professional gamblers who treat gambling as their main source of income. These people are knowledgeable of what they're doing to maximize their chance to win in the specific game.

But not everyone are able to do that because majority of gamblers are losing their money instead of gaining. Aside from knowledge, skills and strategy you also need luck. The reason why it's not advisable to rely on gambling as your way to earn for a living. So forget about gambling and find a decent job to earn a stable income.

Maus0728

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In some rare cases, the answer is yes, but it is only limited to a few games that could potentially give you an edge over the house. As such, as other members have said, it still requires a lot of skills, discipline, experience and luck.

Take this^[1] for example where he/she made a living from gambling in poker and sports betting. It’s an interesting thread especially for beginners because reading the whole AMA could give you a glimpse of what it’s like to be a professional gambler and also inform you of the processes involved along the way.

Nevertheless, whatever games you are going to play, bankroll management is still the utmost priority to stay in the long run.

[1] https://bitcointalksearch.org/topic/ama-the-life-of-a-professional-gambler-5221092

calonpa

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Quote from: Oti147 on March 05, 2023, 10:23:45 AM

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?

Do not depend on gambling as only source of earning ? It should be treated as a fun activity only.

Don Pedro Dinero

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Quote from: Oti147 on March 05, 2023, 10:23:45 AM

So my question now is that can someone use gambling as a means of earning living?

If by gambling you mean typical casino games such as slots or craps, then no. There are other games, such as sports betting or poker where some people can make a living from it, but what is said is that it is getting harder every day, it requires a lot of effort and mental strength to cope with the inevitable variance.

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It takes a very specific mindset and self-control to beat the odds and house edge, and those people are extremely rare.

I think you are confused. Some people get beat odds and House Edge by playing craps or slots? If anyone gets positive results with them, it's in the short term. Over the course of their life, the more times they play, the closer their total will be to the odds, which will inevitably lead to a loss. There is no mentality or self-control that can beat mathematics.

danherbias07

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Please don't look at it from that side. It's not a form of a job unless you are a streamer for the gambling company because most of them have salaries being paid by the company just so they could attract more gamblers by means of introducing the game or just playing it normally and acting like they really won the game. Now, that's a job.
But, if you are risking your own money then it's not.
A job is a form of activity where you are paid because of your hard work and effort and not because you are risking money.
Gambling is just an additive for entertainment because when you play cards without money on the line, it becomes boring. There may be good players at analyzing sports games but still, it ain't 100 percent accurate.

libert19

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I have tried and answer is resounding, no. When gambling word itself implies it's based on luck, how can it help earn living?

It should be treated as past time activity, that's all.

piebeyb

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I feel no stranger to this question and even come across it often, if asked whether it is possible to make a living at gambling for some people maybe it can be done but most people cannot do it because usually more people lose money than get wins and become a living for a gambler , after all, sometimes there are not many people who make gambling as a means of earning a living, usually just to have fun and make gambling a means of getting rich quick. make money or not it all depends on how gamblers play Wink

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Can someone make a living gambling? Honestly most people will never have a shot making a living gambling. At least not those who rely on playing normal casino games such as slots, roulette, craps or blackjack. Now if you add in skill games such as poker, you might have a chance. You have to put in the time on that though. You're not going to just sit on a table and make a million dollars a day. You will constantly have to read, study, and learn different ways to trap or beat opponents.

In general though, no is your answer.

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Quote from: Oti147 on March 05, 2023, 10:23:45 AM

So my question now is that can someone use gambling as a means of earning living?

They can try but most of them won't make enough money because gambling for consistent profits is nearly impossible and they need to learn how to deal with the different scenarios that can happen while gambling like for example the long losing streaks and bad weeks that would put you in the negative.

There might be a small number of gamblers that can be successful at it but it's best to not have that kind of expectation.

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Quote from: Oti147 on March 05, 2023, 10:23:45 AM

~
So my question now is that can someone use gambling as a means of earning living?

Nope... or depends I guess.

House always wins and that's a fact. If you want to earn for a living with the help of gambling, be the house. Simple as that. There might be some gamblers who are coming out winning, but those who are winning will come back, use that winnings to gamble again until eventually, they will lose again. I'm not saying that you can't earn from gambling, but to solely rely on gambling winnings? I don't think that's a good idea.

There might be a few who are earning for a living with the help of gambling, but what are the chances of an average joe doing that? Also include the possible amount of money that you need if you really want to earn for a living using gambling.

goinmerry

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If answering only the OP's question, I might say that gambling can earn someone a living.

Since only a few gamblers can make it, that's how difficult to make it a source of living. Aside from that, it's not that these gamblers will only focus on one gambling type like for example, just playing slot games. That was impossible to make a living out of only slot games unless hitting a life-changing amount. These gamblers who consider gambling as a living maybe also good at strategy-based gambling games like poker or have good analytical skills in sports betting.

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At some point, there are no doubt gamblers that actually can make a living with gambling.

However, don't expect that all gamblers are capable of doing that. These gamblers are really professional and build their career for years. On the other side though, it doesn't mean we can't be like that but if someone is really serious to make gambling a living, expect lots of big challenges on the way.

Better to just find a stable source of income aside from gambling.

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Even before, there have been people who have been making a living from gambling. So, anything that circles in the gambling industry, there are always those that earn from it. Not just all about being a gambler, an employee, an affiliate, sponsorships/partnerships, and anything that lies in this business there are people that are making money from it. Also even in those countries where it's said to be a ban and a taboo, it's possible that there are people that have been living through it.

Topic: Can Gambling earn someone a living - page 7. (Read 958 times)