Can Gambling earn someone a living - page 9.

rahmad2nd

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Quote from: Oti147 on March 05, 2023, 11:23:45 AM

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

A classic question behind everything you tell in this thread. believe me, we have discussed here many times regarding what you are asking. but, let's discuss. what you ask, the answer will be relative depending on each person. in fact, we often hear stories of successful gamblers regardless of whether they are true or not. but at the very least, if you want to be a professional gambler, you should qualify for it. you must have broad insight, very high knowledge, also, skills. but not for all types of gambling, at least for types like poker or sports betting.

on the other hand, if what you are passionate about is casino games. it's hard, because you bet with pure luck. So what are you asking, the answer is in you. because, for me personally. gambling is a place for us to have fun, sacrificing a little money in exchange for getting some decent entertainment.

dothebeats

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It can earn someone a living, yes, but only if they know how to stop and when to stop.

Most gamblers that I know of who hit the jackpot lost it all in just a short span of time. Being greedy thinking you'll hit the next one, and trying to recoup what you lost in gambling is a great recipe for disaster. To be on the safer side of things, it's better to get a win and never look back—especially if the win that you just had is big. There's no other way around it except that. Only those who are financially stable and are fully in control of their gambling activities can stay in the game for a long time. To those who are not, get the win then quit.

Cryptodebjoe

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Every gambler knows the risk involved so trying to earn a living via gambling is like building castle in the air. Though it's okay to gamble but it must be a side hustle not a venture you throw in all your earnings

Cryptomultiplier

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I have heard of professional gamblers. Their job is to gamble and make a living while doing so. Some are very good at it and know their strength with a touch of discipline.
I once had a neighbour who lived majorly on winnings from good betting. Although not exactly gambling but football betting. He was really good at it, that he got most of the electronics and furnitures with the money he won.
It is very possible for someone to earn a living from gambling.

Hispo

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If anyone wants to make a living off gambling, in my personal opinion that person must be either extremely good at playing poker or predicting sport matches, otherwise the only way that person to live off gambling must be using their life savings to start their own small casino.

Professional gamblers are not the norm, and no one should quit their job or career to seek a life of gambling, unless they know what they are doing and have a plan B, in case everything goes south. Roll Eyes

Frankolala

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Quote from: Oti147 on March 05, 2023, 11:23:45 AM

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

Relying on gambling as a means of earning a living is not advisable because only few professional poker players can achieve this. Gambling should be seen as entertainment and not a type of hustle because if you depend on it,you will get disappointed at the end of the day. Gambling depends more on luck and skill and your lucky day might be your worst day,if you are a greedy gambler.

The house hedge will always win,and what I observed about gambling is that, you will always loss more than the amount that you always win. Seeing gamble as side hustle is recommendable but there should be a limit to this, so that you don't end up losing big.

TimeTeller

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Quote from: acroman08 on March 05, 2023, 02:39:26 PM

Quote from: Oti147 on March 05, 2023, 11:23:45 AM

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

yes, someone can use gambling as a means to earn for a living, but it is not for everyone. you might see people earning for a living through gambling but they are just a very small percentage among all the people who tries to earn for living through gambling. if you are planning on trying to earn through gambling, I suggest yo think it through.

These gamblers can be found more on sports betting or poker player game.
I believe there are gamblers from these games that are really earning for a living.
Those games which require skills, knowledge and experience, have the chance to earn decently.
But if you are talking about gamblers who are only playing luck-based games, I don't think they can rely their gambling activities to earn for a living.
If you are into casino classics, don't expect that you will survive on these games in the long run, more than likely, you will lose your funds if you don't know when to stop.

Kasabus

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Quote from: Oti147 on March 05, 2023, 11:23:45 AM

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

Yes, it is indeed possible to make a living and also earning some by means of gambling. It's not already that surprising especially in the times we are in now where almost everywhere we go, we can still do gambling whether if it's physical casino or offline casino as there are a lot of established platforms who offers sports betting and as well as casino games.

Although, I cannot really advice doing that OP because making gambling as your primary source of income may lead into some path that you wouldn't want to be in. It's still much better for us to treat gambling as a past time and to entertain ourselves so that we can avoid such experience and situations.

Slow death

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Quote from: grahammiranda13 on March 05, 2023, 11:29:51 AM

Two years ago my best friend had saved $5000

He earned around $9000 in a year with gambling.

Last year he lost $12000 with gambling.

Now he is in debt!

I think you know what I am saying...

you described the reality of those who are into gambling in a few words

each person has their own way of analyzing things, there are few people who manage to make a profit in this sports betting market, but I believe they have more businesses like: telegram channel where they talk about sports betting and charge membership, youtube channel , also write books and articles, and probably have real world businesses, so they don't just live off gambling, by that I mean you start by disciplining yourself and taking your gambling profits and putting them into other real world businesses that way you can live

note that if you are greedy and want to get high quick profits from gambling then you will lose money fast and you will be broke and it won't take long for you to start borrowing money and become addicted, the idea is that you get business on real world and play with small amounts as fun, gambling Is something very dangerous

acroman08

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Quote from: Oti147 on March 05, 2023, 11:23:45 AM

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

yes, someone can use gambling as a means to earn for a living, but it is not for everyone. you might see people earning for a living through gambling but they are just a very small percentage among all the people who tries to earn for living through gambling. if you are planning on trying to earn through gambling, I suggest yo think it through.

YinShuiSiYuan

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If you know the exact techniques and rules of gambling and you know how to play and how much to indulge in gambling, you know the risks and pros and cons of it than you can take it as a source of living. Gambling is a risky business and there is high chances of losses so those who are vigilant, well learned and aware people should take it as job.

bettercrypto

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Most people know that it is difficult to turn gambling into a source of income, especially since winning here always depends on luck or bad luck.

If luck is always with you, it can be said that it can be a source of income to survive in this world. That's why it's not every day that gamblers are lucky, most of the gamblers who enter the casinos always lose and everyone knows this of course.

Issa56

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Quote from: Oti147 on March 05, 2023, 11:23:45 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 .

I believe gambling is still regarded as a dirty game in my society; when people see you gambling, they assume you are a bad person and irresponsible, but most people are unaware that there is nothing wrong with gambling, the only time I complain about a gambler is when I notice the person is addicted to gambling.

Quote from: Oti147 on March 05, 2023, 11:23:45 AM

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

That is what is currently happening in my country, most youths are taking gambling as a source of income, I even know some people who only gamble to survive, which is kind of wrong, I don't think gambling should be taken as a source of income, most of them are losing money now but believe they will later make money in the long run, but the funniest part is that most of them are addicted and they are not making any money.

Oshosondy

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Quote from: I_Anime on March 05, 2023, 11:49:53 AM

Gambling can be someone source of living. There are few people who take it as a job and are successful

This is wrong, but if someone take gambling as a job and not a promoter or having a gambling company, but depend on playing and earning income from the outcome of his gambling, these are just the type of people that you can see to be very rich today but become poor tomorrow. Gambling can not be a source of income, else debt and depression would be where it would lead the person to.

cabron

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The traditional moms are over and are replaced by the newer generations who are okay with gambling I guess. It may be different in some other countries, especially the countries that are mostly guided by religion and gambling will still be considered a vice.

There could be someone out there who just keeps winning either in sports or casino games, but s/he must have good counting skills to really make it a living. In sports, many are actually learning how to weigh the disadvantages and advantages of the team and they pick well to win, it's still a skill to learn.

SushiMonster

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It is generally not advisable to rely on gambling as a source of income, as it can be unpredictable and lead to financial instability. Additionally, depending on the laws and regulations of a particular jurisdiction, gambling may be illegal or heavily regulated, further complicating the potential for a steady income from gambling. It is essential to consider alternative sources of income that are more stable and reliable.

That said, professional gamblers make a living from gambling, such as poker players and sports bettors. However, even in these cases, success is not guaranteed and requires significant skill, strategy, and luck. It is important to note that professional gambling also comes with its own set of risks and challenges, including the potential for addiction and financial ruin. It is always wise to approach gambling cautiously and seek help if it becomes problematic.

bitbollo

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if you have a professional approach with gambling (it means you study seriously a lot of information and play with a lot of caution) yes definitely gambling become a real profession/way to live.
But earn decent amount isn't easy at all. I have seen some statistics that show an average earn around 5-15% of total amount wagered.
E.G. You need to play 100K usd in one year just to earn a normal wage for western countries... if you think it's like any other job around here. it requires time, effort, experience, ability to learn, passion and much much more.

minime0105

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This happens but it is rare because successful gamblers are few, note being a successful gambler doesn't depend on how good you are in odd prediction or prediction of the total game itself this is pure luck, when we look at the people that we feel that the know better on how to predict sports betting for instance, this group of persons are not always successful in this act per say. To my understanding is only the bet companies that benefit more from the stakers.

Lucius

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Quote from: Oti147 on March 05, 2023, 11:23:45 AM

~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.

I_Anime

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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.

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