Topic: Can somebody make a successful career in gambling - page 12. (Read 5181 times)

I'm not sure if betting is something you can take as career unless you are  the owner of the casino  you taking betting as an career is very risky and you can easily endup getting addicted to it pretty fast. And that may cause alot of losses beause be betting like always and is luck so not something you can easily hit the jackpot. That gambling mostly good for side hustle not for career because you taking as a side hustle will make you to always do responsible gambling. Event though you loss you can easily cover up with other jobs payments

The thing is that you don't know when you are going to win.

You can win in your first bet. Or on your 100th, or never.

That's just how probabilities work, you never know what's going to happen, you only know the odds, but the actual results can vary.

If they need thousands of bets before they can get a win, it won't be worth it to keep doing it because it means they will have to use a larger amount of money than they imagined. But some gamblers still want to try because they want to win, so they don't give up before they win. When we win, we will feel happy, but that feeling of joy is not enough because we still have to earn some more money to cover the losses we have experienced. And yes, if a person knows a lot about sports, he may have a higher chance of winning his bet because he can choose the team that can win. And if he can collect his winnings well and not be greedy, he can get more of his winnings. But all of them require self-control because they often become greedy and expect big wins, so they don't stop gambling but continue placing bets on other matches. Maybe that's what makes many people want to try to build a career in gambling because they see how people can win even though they don't know what that person is preparing to do so they can win.

And yes, having a real job will be very helpful for people because they can make money and have a good career path. If they can work well, they will get a promotion from their superiors to move up and get an even bigger salary. Compared to gambling, having a job will be more promising for someone to make money and build their career.

This is highly dependent on your definition of career. The first question you have to ask yourself is whether gambling is actually a career path. Some can argue that since career entails or progress through life or history. In gambling there is a process and there is also a history but then is it worthy to be called a career?

Let's examine the legal and ethical aspects of this and make our independent judgement. We can all agree that in some country, gambling is prohibited, which means it is illegal. In some other countries it is legal but not ethical. In both situations we can agree that gambling is not a noble profession or career. So, it doesn't make sense to build a career around something that the society is not proud of.

Howbeit, if anyone wants to build a career path around gambling, they should chose to either be a streamer, gambling site UX/UI designer, reviewer or the owner himself. There are other means of earning through gambling apart from gambling yourself.

well at least OP is asking about "Somebody" means just few is enough to
answer the question and indeed that there are some that make gambling as  a career though
you are also correct that majority are losers and not even crossing 1/4 of the total gamblers
that wins than losing.

Running a gambling career is not a regular means of making money. However, many gamblers ignorantly are using gambling as a career, which is not a smart move. That's why the journey of such a gambler would be tough on him, as he has no prior knowledge of what he's into, or how to work it out. Before one ventures into a gambling career, he must be aware of the skills and discipline needed to participate in the field of gambling. Every niche of work needs certain skills to join or perform well in the business. So, most people who now gamble with no skills do so to their detriment. For a gambler to handle gambling successfully as a career, he needs to have a huge bankroll and also the mathematical skill of calculating the house edge to know what's in for him at any instance he gambles. Other wise the person may not succeed. In the long run, it's not needed for a gambler to spend his whole time each day to gamble as a job. People do it and succeed. However a good number of gamblers lose out in this process because they don't understand the ethics of gambling.

Then may get in debt trying to reach the finishing line like a long-distance race. Which could ruin his gambling journey, and his life in the real world. The machines have been programmed to lead to some wins after some specific plays. Gamblers who think that they can get rich by consistently gambling each day and hoping for a big jackpot at some point will be in the shoes of the gamblers who are in debt and find it difficult to move out from such addiction. I don't think gambling career is for every gambler who has ventured into the route of a job, knowingly or unknowingly. Hence, instead of choosing betting as a gambling career, it's better to set up a service for gamblers, offering football analyses for gamblers or giving out fixed games to the players. It's more profitable than gambling all the time, it gets boring to some extent.

Although there are many who admit that it is possible to make a career in gambling or make a good living, I would say in this case that it is almost extremely difficult. Those who accept this believe that if one can get a good idea of the player and their performance in a particular sportsbook, as well as the conditions of the pitch or field where they will be playing, if one can accurately research the conditions, then one can win in gambling. But I don't totally agree with them because in recent times sports betting is unpredictable who will win or lose. Even the good team lose the match with the bad ones. So making a career by gambling is naturally difficult.

At some point we shouldn’t rush to make a bet because we saw others making high return from betting and we should also take time to calculate how much they have also lost and I think the reason why so many are trooping in and out of gambling is because is because most of these newbie gamblers already have the mindset of making millions and changing their lives over night through gambling with relatively very small bet amount which is wrong and they have to understand that their techniques to healthy gambling.
So rather than jumping into gambling because you saw the winnings of others, I would advice that you take your time and do the right things to avoid excessive losses.

Having the outcome of a casino game dictated by a person seems rather unusual.

Casinos have strong regulations, and all their games are watched closely. There is no way a person there can give a gambler a better chance to win.

They would be fired on the spot if they did something like that.

The bookie has control over the games played by the gamblers, even though many of us think that winning in gambling is luck, I actually see that the winnings have been set by the bookies in such a way, many of my friends are active gamblers, but I even Not finding one of them who is rich and in fact many of them are now starting to get into debt due to gambling, maybe in 100 times playing the bookie will give us 10 wins as an attraction to continue gambling, but after that rest assured that the bookie will soon drain our money dry.
I think gambling addiction starts when we consider it a recreation and that's when the bookie starts running his tricks to at least give us a win and in the end after getting a few wins of course then  addiction will start to spread in our brain.

Maybe you mean that they already have a lot of money i.e. they come from one of the rich people involved in gambling, from your discussion I get that they are born rich and not rich from gambling, because after all it doesn't make sense when you want to make money on something that is basically a gamble without any certainty. So if they lose a few gambling sessions then it's not a significant amount for them, because basically they already have a lot of money so losing in gambling wouldn't mean much.

The main point is as you said that I'm more interested in suggesting that gambling is not a place to make a living at all because everything there is random, so whoever it is will never know whether they will win or lose every session they do, it's very dangerous and could possibly drive them crazy due to the pressure caused by losing an amount they can't account for. That's right, I think it's only mindless people who blame the casino for their losses, I'm saying that they come without any understanding of the risks involved.

The house will actually always win if what we are talking about here is casino or slot games, what I usually do tell people is to avoid playing casino or slot games if they know that they won't be doing it simply for fun and nothing else, casino games, as well as slot games, are not designed to make any profit for a gambler, and even if the gambler does seem to make a profit because they amount of money he or she has won is greater than what ever amount of money he or she has lost, it's only a matter of time, as long as he O she keep playing, it won't take long before he or she finds him or herself In the red zone.

I tell people who are more interested in making money from gambling to focus more on sports betting, since this is one of the simplest games where their knowledge in sports will help increase their chance of winning more frequently than when playing slot games or casino in house games.

All it takes to do well in sports betting is to stay updated always, this can actually be time consuming, but if someone can create the time and possibly treat sports betting as a business, invest the time and energy required to make a business succeed, then, there is a high chance that such a person may even make a living off sports betting.

That's right, because people approach gambling in two ways:

1) they think that gambling is a fun activity where you can spend some money and have fun even if this money is lost. I think this is the right attitude and this is how the game should be approached.

2) The type of people who belonged to the first type but then won a lot of money, or forgot about self-control. Such people believe that money can be given easily and it is not necessary to earn it through mental or physical labor. Such people become gambling bloggers or simply quietly place bets. Sometimes it’s even successful, but it’s only temporary. The casino will beat them sooner or later, because it always remains the winner.

Yeah, that's the thing. You only need to have a look at the probability of each game in the casinos and you will realize that they odds are against the gambler.

Of course, if you see one video of someone winning some money, you might want to do the same, but it doesn't work like that.

Unfortunately the ratio of gamblers winning in gambling is low when compared to winning ratio of the house. So its good idea to build a house that will generate a secure income rather then losing all you have in gambling.
We dont have much stories of people who have made fortune out of gambling. That's why its not a wise decision to adopt gambling as career. Gambling should only be taken as leisure activity and its addiction must always be avoided. 

not only that, in my opinion the percentage of losses is greater than the percentage of wins, why do so many people gamble and become addicted? maybe it's because of the many defeats they get and also because they can't control themselves to resist the temptation of gambling, there have also been many cases of gamblers getting addicted because they can't control themselves well, if only they could accept losing well maybe they won't become addicted to gambling. People who cannot accept defeat well are likely to continue gambling until they run out of money and they do this in just one game session.

in the sense of gambling, in my opinion, it is a paid form of entertainment, and this is profitable for gambling companies, it is not profitable for the players because with the superior percentage of losses in gambling, it means they always lose, I don't think they should gamble by chasing wins because it will only make them lose financially I don't agree with gambling which can make someone successful just by being player-based,  on the other hand, being player-based will only make them addicted and if they are addicted then bad things will happen. to record more wins, I doubt that, those who are based only as players are more likely to record the number of losses, not wins.

I have seen some people who have made a career out of gambling and already own a lot of money. But they have built a big mountain of money from gambling so when they lose it counts as very little money. Gambling can be an uncertain and risky way to make money where your money and life are at risk. Because there are many people who are losing gambling and dying. But there is risk in all business in this world so gambling should not be blamed there and you should learn to take full risk then you should gamble.

True.

Many people think they can guess the future and pick stocks or put money on the winning horses or stocks, etc.

In reality, it's mostly luck, and most people lose that bet.

The sad thing is that everyone forgets the losers, and the tiny fraction of lucky ones get all the attention.

This leaves the losers with nothing, no money, no attention, no friends, etc.

It's a really bad situation to end up in.

Well, it depends on the business we are talking about, it is not all of them that require that huge capital. In some, you can start from little and build it big. This is evident in the testimonies of those who are successful now, it is all about being smart and being on top of your game. In fact, there are a lot of gamblers who have wasted money which its fraction is enough to make them successful in life if they want to follow a career and be serious about thriving. But for lack of creativity and wisdom, they often believe that gambling can make them rich, and this is mostly because gambling is an avenue to make fast money. I mean due to its fast decision of whether you lose or win.

This is the mindset they often have, and it is coupled with the influencers online that brainwash them and make them believe they can actually make it in gambling. Despite all that, gambling is not entirely bad, only that we should approach it rightly, and as a matter of fact, there are career gamblers who are making consistent money from it. Yet, they would have had a balanced gambling approach, plans and management that are void of the mistakes and random ways that most people engage in gambling it with that cause their losses.

Betting is not advisable to be taken as a full time job likewise trading. I believe you might have had of many stories where betting has led to bankruptcy or worse suicide. Betting accompanied by loss affects one's psych which wouldn't occur if you are betting what you willing to loss. Besides without a full time job where are you going to see the money to fund your betting Career. In summary, personally I would advice against it. Putting all your goods in one basket is the first step to failure.