Can you make gambling a profession - a full time job - page 16.

irhact

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Quote from: iBaba on December 01, 2023, 02:22:59 PM

But, in a broader sense, can you make gambling a career path, abandoning all other sources of income to focus entirely on it?
If so, why?
If not, please advise!

I can't make gambling a professional career, I prefer to gamble for entertainment and doing that only during my free time. I prefer not to rely on gambling before I can get money as I know the disadvantages of been dependant on gambling for earning money. There are different money earning jobs that I can do than just waiting on been lucky when I gamble to make money. Professional gambling is a career that those individuals who do it take a very big risk in life.

I'm not ready to be addicted to gambling or doing it always because I depend on it for earning. I want to be able to stop gambling at anytime I want without been afraid of not having money for the day or week. We should have other sources of income so we don't get desperate or feel pressured to always gamble. Gambling should be a fun activity that we do as individuals and not what we depend on to make money, making money should just be additional benefits.

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First to be a gambler you need to be financially stable otherwise you could finds it difficulty to cope coupled with the irregular winning that comes while you gamble, that is to say you don't know when the next wining is to come and anyone who is not financially stable can't sustain himself at the cost of waiting for the next winning or the next chance of winning. Making it as career depends on individuals as for me personally to people would term you as an irresponsible person because you chooses nothing else but gambling and could possibly lead to other damage and destruction if one is not technically and mentally advance to be able to control themselves in terms of becoming a gambling addicts.

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Try it out first and see yourself, maybe it will work out for you, I've tried it before and I see why many people believe that it's impossible to make gambling your full time job, they aren't bluffing around, I have also get to know that the more time you spend on gambling the higher the chances of losing, when you manage to grab some luck take your win like your life depends on it and leave the casino.

There are some people in my country that are full time gamblers because they don't have a job, but they have not gotten better with their lives, they are still broke, so I kindly accept that gambling as a full time job is a very bad idea, to be a good gambler you need to have a source of income, you will be able to keep aside some money for gambling and you will be able to live a good life.

Trading is something you can do as a full time job, because it's skill based and also profitable if you know what you are doing, but gambling is a lot more riskier because you can't rely on your skill but your luck only, and that my friend is a very tight position.

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Quote from: sokani on December 01, 2023, 11:02:06 PM

Anyone that wants to use gambling as a full time job is nailing his own coffin. Gambling is full of uncertainties and no matter how good or skilled you are, you'll still suffer losses. We shouldn't believe most of the things we see on social media, how gambling experts flaunt their wealth, properties, and make it look as if their income is totally dependent on gambling. Most of them have businesses, they use gambling as a side hustle, and when they hit rock bottom, they've something to fall back on.

That's what gamblers do who have a poor mindset where they always take rich gamblers seriously who show off on social media as a steady income, even though they show it only as influencers where they have collaborated with casinos to attract more audiences to gamble, so that gamblers beginners who see it will do the same thing betting with all their money and losing.

This often happens everywhere, where poor gamblers sometimes often want to do what rich gamblers do, even though they could have a business or be an influencer who is paid by the casino so that their money will never run out because they have money from other places to finance their needs. Gambling, in contrast to poor gamblers, usually when their money runs out due to gambling, they borrow money from loan sharks or sell all their assets until they finally go bankrupt. if only they knew that gambling is not a full time job but a pastime

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This is not the first time I’m responding to a topic like this and each time I respond I always like to keep at that from of my mind that; Gambling has to do majorly with “luck” so if you’re to take it as a source of income neglecting all other sources then you’re doing nothing more than digging your own grave.

If we all look at our net history at a time there was a bet we thought nothing would on earth will make it cut due to those that were involved and if given the chance we would have staked our life savings on it, but at the end it didn’t not enter and the game was lost—- what I’m trying to say is that nothing about gambling is certain even the strategy that has been given you wins can still make you lose a significant amount of money.

Quote from: Rockstarguy on December 01, 2023, 06:01:31 PM

You can make gambling a full time job because gambling is unpredictable, no one can tell what the result will be like.

You might wanna consider changing the bolder word to “can’t”.

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Quote from: iBaba on December 01, 2023, 02:22:59 PM

~

Nope! It's similar to how you can't exactly consider professional gaming as a "full-time" job. It's more situational e.g. tournament based + some adder sources of revenues/activities such as fan meets, adverts, etc. In gambling cases, you'd mostly be in a tournament-based setting where you'd get your money's worth where even if you lose, there's still some money there from the org that sponsored you plus advertisements and probably some tournament rewards.

In regular old gambling instances? You'd be hardpressed to stably earn a steady amount of upward idk, $100? per week at least and that's a minimum. I imagine you'd need more in countries like the US where cost of living is higher.

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Quote from: Ever-young on December 01, 2023, 06:21:12 PM

You can make gambling a full time job if you want, but the question is can you be able to make it out without getting your self stocked in a financial situation where your gambling can’t be able to free you from? Like if you are confidence on your self that your luck and skill is in your favour to grate win then you can give that a try but have it in mind that everyday can’t be a winning day for you and when you don’t win in three to 4 straight games or a week or two what next will you do, how will you foot the bills or what will be your next option, we are free to do what we know it can give us our desire financial comfort providing that it’s legal, we just have to give it a second taught before going into it fully.

I have heard people say they are professional gamblers and rely on gambling for a living. For me, that is not possible because there are times I might not win any game for months but have bills to pay. If I rely on gambling as my main source of income I would be deep down in debt because the income is not steady. I suspect that those successful full-time gamblers might have been lucky to make a fortune from gambling through big wins which could make them gamble with little sums as they use the big wins to sustain themselves and family.

I don't also think that there is any sustainable strategies that will make one win games consistently. The house will always have an edge over players so it will be risky not to engage in other work activities because you are relying on gambling for your financial support. I know gamblers in my area who spend almost their entire day in physical game shops many of them end up becoming beggars or engaging in criminal activities. The best decision will be to see gambling as fun and bet just a small part of your income. And anytime you win big, ensure to maximize the money by Investing or using it to meet some needs.

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Quote from: iBaba on December 01, 2023, 02:22:59 PM

I'd like to clarify that this topic is distinguished from businesses or entrepreneurs involved in gambling as businesses, such as casino companies, etc., but with a focus on gamblers. I know there are many people who regard themselves as professionals at playing gambling games, but do you ever think that one can make gambling a full-time job and career because of his or her deep knowledge of the games? Can someone bet with little or no loss because it is one of the most unpredictable games to play?

Gambling to my understanding, is a trial-and-error game with uncertain outcomes, unpredictability, and luck. Therefore, professional gamblers must exhibit a deeper than usual understanding of the games, the statistical probabilities, and a high level of risk management skills.

However, it is critical to realize the risks involved, which include unstable financial circumstances and potential addiction problems. So, pursuing a gambling career should be approached with serious caution, and gamblers ought to be well-informed about the accompanying problems. Furthermore, I believe that having various sources of income and taking calculated risks will be highly beneficial.

But, in a broader sense, can you make gambling a career path, abandoning all other sources of income to focus entirely on it?
If so, why?
If not, please advise!

Poker players and sportsbetting are about the only 2 ways I would consider gambling a feasible option for making a living from and even those 2 aren't easy at all to make constant earnings from.

With sportsbetting you can get information on the sporting event you are looking to bet on. Injury reports, weather, record vs each other, record on the year, good home team, good road team, or whatever. Even knowing all this and making an educated bet does not guarantee a win on the bet, anything can happen still.

Poker is a game where a person can win upwards of 5-15 million in 1 tourney if they have skill and luck. Buyin to the world series main event every June in Las Vegas is $10000 and top prize goes up each year as more and more enter the tourney each year. You have to put a lot into learning the game of poker. Learning to read opponents, using math to figure out your odds of winning a hand, odds of whether a bet is worth calling, or a number of things.

IMO, you're better off getting a normal job and gambling here n there.

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Quote from: iBaba on December 01, 2023, 02:22:59 PM

I'd like to clarify that this topic is distinguished from businesses or entrepreneurs involved in gambling as businesses, such as casino companies, etc., but with a focus on gamblers. I know there are many people who regard themselves as professionals at playing gambling games, but do you ever think that one can make gambling a full-time job and career because of his or her deep knowledge of the games? Can someone bet with little or no loss because it is one of the most unpredictable games to play?

-snip-

You mean as a "player" and build a career? Professional gambling where your games are hosted and sponsored and stuffs like those? Then sure, why not. It is possible. But you wanting to bet with little risk or no loss at all is not possible. No matter how much you try, you can't beat the casino. Also since you will have "deep knowledge" of casino and gambling, you should already know that in the long run, the casino will win.

Quote from: iBaba on December 01, 2023, 02:22:59 PM

But, in a broader sense, can you make gambling a career path, abandoning all other sources of income to focus entirely on it?
If so, why?
If not, please advise!

Ask yourself, how are you going to pay your bills?

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Quote from: iBaba on December 01, 2023, 02:22:59 PM

But, in a broader sense, can you make gambling a career path, abandoning all other sources of income to focus entirely on it?
If so, why?
If not, please advise!

I could gamble but thinking about considering this as a source of income, I couldn't imagine if I could do it knowing the fact that I was not too lucky enough in gambling. Making a full-time journey in gambling is not actually a wrong decision but it was not recommended knowing that gambling is too risky and aside from that, we don't have to rely on our future for luck. We have no assurance in gambling and if you know that only a few become a successful gambler and it means something. It could be a good option if we run a business like this, not as a gambler.

sokani

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Anyone that wants to use gambling as a full time job is nailing his own coffin. Gambling is full of uncertainties and no matter how good or skilled you are, you'll still suffer losses. We shouldn't believe most of the things we see on social media, how gambling experts flaunt their wealth, properties, and make it look as if their income is totally dependent on gambling. Most of them have businesses, they use gambling as a side hustle, and when they hit rock bottom, they've something to fall back on.

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Quote from: TelolettOm on December 01, 2023, 05:52:20 PM

Quote from: iBaba on December 01, 2023, 02:22:59 PM

But, in a broader sense, can you make gambling a career path, abandoning all other sources of income to focus entirely on it?
If so, why?
If not, please advise!

Focus on gambling as your main job? Wow, this is really brave but the risk is very high.
If it were me, of course I wouldn't dare take this risk. Even though we know that sometimes gambling gives quite high and tempting profits so that we feel like we are above the clouds. But on the other hand, gambling is also very risky. So it is not easy for everyone to get gains easily, instead they end up losing. For me personally, I wouldn't be able to and wouldn't want to do it as the main focus of my main job. If it's just a side thing or just for having fun, it's no problem as long as we can still control and manage ourselves.

Maybe he dares because he is fully convinced of gambling that can provide benefits with certainty, I myself am also like you do not dare to make gambling as a main job because of the risks and impacts that can also harm us, but everyone has their own choices, right? so just let him choose enough to support him, maybe a little advice is not a problem to tell him hahaha.

It's true what you said, maybe yes, he is doing gambling by specifying that there must be a profit to be made, that's good there is nothing wrong with it, everyone also wants that, just the way to enjoy and the goals are different, maybe they are like that, but we are more in the direction of a fad or just for fun not thinking too much about the winnings that will be obtained, I myself if I get a win consider it a bonus from gambling, maybe for him it's different.

Obari

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I’ve seen interviews where a gambler had over 5 betting accounts on his phone and the least on each account balance was $10k when converted from my local currency and Meh that’s a whooping lot of money maybe in my country and guess what, those money was strictly for gambling which means he has some good money in his wallet because he said he’s a bitcoin investor as well but what I’m trying to say in essence is that, there are several people out there who have made gambling a profession and are doing extremely well but personally over the years, I’ve come to realize that, one of the best ways to stay profit at every at a higher chance in gambling is to gamble with bigger amounts and almost all the success stories I’ve heard and seen of gambling are of those that gamble with higher amounts and just like trading, I think gambling also works on the principle of the higher your stake or investment, the higher your profits when there is a win.

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I think the answer to the thread is summed up in two of the answers already given:

Quote from: internetional on December 01, 2023, 02:28:50 PM

My classmate was a guy of such sort. He really dedicated all his time to figuring out how to beat slot machines, exploring various loopholes. Nevertheless, he eventually ended up producing slot machines himself.

This is an example of how a dedicated gamer, spending a lot of time searching for the perfect strategy in the game and turning the game into his actual job, ultimately understood the system so well that he switched sides and stopped playing.

This would be the correct answer for EV-games, such as slots. The only way to make it a profitable profession is to be on the other side. Not of those who bet but of those who offer the service.

Quote from: swogerino on December 01, 2023, 04:07:22 PM

There is only one way to make gambling a profession and that is to become a professional player in the games of skill world like learning poker at that point that you can make a living out of it,I know people at Pokerstars who do just that.

This would be the correct answer for games of skill. The only thing is that people often underestimate the time, dedication and effort involved. Nowadays it is very professionalized and it is more and more difficult and takes more time and effort to become a professional, but it is possible. Although what is easier and within everyone's reach is to earn a little monthly extra income with games of skill.

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It can be possible to turn gambling into a full time job and you go at it as a professional, because professional poker, sportsbook players, and other professional gamblers started from ordinary gamblers just like us, and they depend their lives on gambling and make it a job their main. However, gambling is a risky thing because at any time you can lose your money if you are not good at analyzing the game. In some cases, gamblers even have to lose all their money at the casino because they are too reckless in their games. That's why before becoming a professional gambler, one must understand the risks of gambling and be prepared for it.

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Gambling is a type of game that is unpredictable and it is very impossible to predict the final result. Gamblers certainly want to win at gambling places, the same goal is also shared by gambling site managers. When gamblers face the gambling site manager, you can already guess who will win more. Gamblers may win, but they lose more often than they win.

Gambling cannot be a profession or full time job because there is no certainty in it. Many gamblers come to the casino to bring some money, but in many cases it is found that the gamblers go home empty-handed. If you gamble for fun, you may avoid depression, but if you aim to win or make gambling a full time job, you should think twice about doing it.

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This question has been asked so many times and I still stand in my own opinion that it cannot be done as a career simply because it can always go wrong one way especially if we are in dire need of money.
Sports betting on the other hand might be profitable for those who have vast knowledge about their preferred game. Again, profitable but not a career because it can still be unpredictable at times and even going for the favorites has no assurance just yet. A strong player or a strong team could have a bad day and that will mean our bets also losing in the process.
I'd prefer just a side job but not as a career because once we get serious about gambling, there's a possibility that it can go south with a cloudy mind of stress for a reason of chasing losses or just simply trying to get our money back in an instant.

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Quote from: iBaba on December 01, 2023, 02:22:59 PM

But, in a broader sense, can you make gambling a career path, abandoning all other sources of income to focus entirely on it?
If so, why?
If not, please advise!

I disagree with you.
Gambling has many risks involved, the profit margin is certainly large but there is a huge potential for it to "go bad" at any time.
I could even accept the hypothesis that an excellent poker player uses his skills to win money consistently, because in that case he would be counting much more on his skills than on luck, and thus reducing the risks.
But I still wouldn't recommend this "profession to anyone".

As with any investment activity, there are risks associated with making betting the only source of income and some of these risks include:

Financial dependence: Betting regularly can lead to dependence, which can result in financial difficulties if bets are not paying off as expected;
Winning volatility: Betting winnings can be highly volatile, which can lead to periods of meager winnings or even losses;
Lack of employment benefits: As a bettor, you are essentially self-employed. This means you will not be entitled to employment benefits such as paid vacation, health insurance, and retirement;
Financial stress: The stress of relying on gambling to pay the bills can be emotionally draining and even harmful to your health.

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Quote from: Ever-young on December 01, 2023, 06:21:12 PM

You can make gambling a full time job if you want, but the question is can you be able to make it out without getting your self stocked in a financial situation where your gambling can’t be able to free you from? Like if you are confidence on your self that your luck and skill is in your favour to grate win then you can give that a try but have it in mind that everyday can’t be a winning day for you and when you don’t win in three to 4 straight games or a week or two what next will you do, how will you foot the bills or what will be your next option, we are free to do what we know it can give us our desire financial comfort providing that it’s legal, we just have to give it a second taught before going into it fully.

Well I think it all depends on the individuals mindset,most people gamble because they really want to make money,and there are some parts of the world where the only thing they do to survive is to gamble,and they do this because they do not have jobs in such country,.When an individual finds himself in such situations,you have no choice but to join the queue to do what they are doing,as long as profit comes in. But I laugh because in the case of gambling,profit is not even guaranteed because it is not a business,it isn't profit oriented,it only depends on the individual's luck.And when it be that it is the case of luck,then it means most persons will leave this world without having a proper taste of a big win.

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Quote from: internetional on December 01, 2023, 02:28:50 PM

Quote from: iBaba on December 01, 2023, 02:22:59 PM

I'd like to clarify that this topic is distinguished from businesses or entrepreneurs involved in gambling as businesses, such as casino companies, etc., but with a focus on gamblers. I know there are many people who regard themselves as professionals at playing gambling games, but do you ever think that one can make gambling a full-time job and career because of his or her deep knowledge of the games?

My classmate was a guy of such sort. He really dedicated all his time to figuring out how to beat slot machines, exploring various loopholes. Nevertheless, he eventually ended up producing slot machines himself.

This is an example of how a dedicated gamer, spending a lot of time searching for the perfect strategy in the game and turning the game into his actual job, ultimately understood the system so well that he switched sides and stopped playing.

That actually makes lot of sense. If i wanted to know the secrets of slot machines in order to beat them, i would learn to make them. But after a while i would assume that i realized that you can't beat the modern slot machines, so i would take my expertise and make money from it anyway. I wouldn't want to waste all that special knowledge. Especially if i was really interested about slot machines.

Some people do that with paranormal / mystical fake healing etc. After years of study they realize that there's nothing real in them, they want to use and monetize their skills. Because using your life to learn something for so long and abandoning it takes serious strenght. As you need to build yourself from the scratch and find your identity again.

I am basically doing same thing with cryptos. Even if i lost everything, this is something i've invested so much time and stydying in that i don't want to move on other areas. That and i like it.

Topic: Can you make gambling a profession - a full time job - page 16. (Read 2239 times)