Topic: Gambling as a profession: there's people who live out of gambling? (Read 6953 times)

And for those who see it as bright side, having a family will change you up completely, There are good effects especially those who are really engaged to this activities.

When they've engaged to another person and he start making a family, every single penny counts, instead of gambling he may choose to use the money in other important matters.

Though not all, as there are still experienced gamblers who also managed  to continue living life around gambling even they already have added responsibilities they still continue chasing for luck to adds up for their everyday budgets.

I am married and I do gamble a bit, I can testify that as long as your partner is fine with it, you can always gamble. I do not gamble a lot, I only gamble with 5% of my salary, so that is a small amount and in times of when we lack money and there is a financial problem I stop gambling right away and wait until we are financially doing alright again. We are never rich, so if I wait for us to have extra money I would have to quit gambling forever, I only quit gambling if we basically end the month with a big loss, even if it is a tiny loss that is not important I keep gambling.

I had to stop for a few times when we had health emergency and unfortunately in our family those things happen a lot, but aside from that I always gamble and my wife doesn't mind that, I do not have much cost anyway, so she lets me do these things so that I can spend some and do not mind when she does as well.

Actually, even after getting married we can continue to play gambling, the most important thing is that there is good communication with our partners.
By getting married doesn't mean we can't play gambling, but maybe the percentage of the budget for playing gambling after the needs for the family
have been met. Because to be honest, it's very difficult for me to leave the world of gambling, because I think gambling is part of my life. However,
after getting married and having children, we must set a priority scale. Don't prioritize gambling over family.

Indeed , Way back Arbitrage is not that Illegal and i have known gamblers that good at it .

actually until now i am asking myself why this was banned or illegal ? when you are not cheating the site instead you are just finding what is profitable that time.

I agree with you. When someone married, he needs to think about his family, not just for himself. He needs to have responsibility for the things that a person wants to do because, indirectly, that will always be related to his family. And if he has a habit of playing gambling, he needs to realize that the money will be too important for his family than just playing gambling. Everything will change, and that will not be the same as the old days since now we have other people who will always walk behind us in any circumstances, and we need to take care of them.

Before they implemented all kinds of monitoring and alarm tools to spot those kind of gamblers I remember two friends of mine were able to win big over one and a half year. They got a huge profit before getting their accounts closed and their last profits seized for cheating. They were leveraging bonuses, promos and all the rest of it until they were shown the exit door. 

@OP, I won't call myself as professional but yeah, there was a phase of my life that I remember when I used to live my life (mine alone and not the family) on gambling. Gambling was a love to me because of the fact that I used to learn the games and their required rules as well as basic skills quickly and loved to play different sort of games each day to try out something new. Now are not the same days as I'm married and I couldn't do it the same old way I did (as I was independent as well as alone, so no pressure was on me to do anything for my family or home, but now things have changed a lot).

You can set a goal for yourself and do it. I know that you can do it but, the contentment for one person is uncontrollable if you are aware that you can learn and earn more from it.
It's hard to win in parlay, I've never won on that.

Arbitrage betting is not illegal, they'll only close your account if you are found violating the TOS of a certain gambling site.
This kind of betting has no risk at all, but you have to be very smart to be able to find betting odds that you can arbitrage betting.

Correct me if I'm wrong but that's what I understand on Arbitrage betting and I don't find any risk of our account getting close.

Only way to make money with this is arbitrage betting. But, then you got the risk of closed accounts and what will you do next? Probably in betting shops the best try but difficult to spot the correct odds.

I agree with some folks here saying gambling for fun and gambling as a profession is a completely different thing. As part of GoodLuckMate we're closely working and socializing with all kinds of experts and professionals in the industry. When you do it as a job, you do need money management, strategies, and discipline.

In poker, for example, it's not that about how lucky you are but about knowing when to stay in the game and when to give up. I've heard that giving up on bad hands is the best way to stay in the game longer and leave your opponents to eliminate one another. Even in my playing for fun poker nights, I've tried playing smart and disciplined and had great results. Other times, I played without worrying too much about the outcome and always was among the first to lose everything.

Plus, making money as a professional gambler isn't about your winnings only. There are sponsorships, there is merch, there is streaming. Professional gamblers these days have many opportunities to make cash when they establish their name a bit. Of course, streamers sometimes hit massive prizes and sometimes have unlucky streaks, but everything's part of the game. We have our own Mr. GoodLuckMate Twitch channel, too. You can check it out here - https://www.twitch.tv/mrgoodluckmate - if that's your thing. He got lucky once or twice.  

My take is that discipline comes above all. When you see gambling as a job, you go for smart and calculated decisions rather than just keep spinning or keeping your hand even though it's the best decision to stop. The same goes for any hobby versus job I think. I know people who write professionally and they do like 3000 words a day and never complain. Then, hobby writers sometimes don't write anything because they lack creativity. For professional writers lack of creativity isn't an option. Same for football players, bloggers, chefs, and whatever else comes to mind.

Still, I do hope that casual and hobby players will get lucky at least a few times in their lifetime. Hitting a massive prize (I'm thinking at least $10k) must be an amazing feeling.

Exactly, we may think different once we are in the actual situation and since this is gambling, we win or lose and it's just unfortunate that you lose. However, I admire the words coming from you about learning from your experience as that would make us better and more consistent in the long run.

To all those patronizing what I shared earlier, please refrain from telling me what should I have done back then. When you are in that situation, the rational part of yourself 99% of the times goes away and you are left with nothing than pure instinct.
I lost and I learnt my lesson, that's what I do care.

If you are only interested in gambling for fun then you are right, luck is by far the most important factor, but if you want to have a chance to become a professional luck should be a nonfactor, those that win at gambling have margin of victories that are way smaller than what you describe but that does not matter and that is because they see it as a business and not as a source of joy which allow them to make bets only when they have an edge and get some profits long term.

You don't need a lot of attention to detail when it comes to poker because I believe that it is more on the psychology and tactics that you need to focus on more than attention to detail, maybe taking notes as to how your opponent behaves but that is not a lot of attention to detail. Blackjack on the other hand really needs a lot especially if you are card counting and with most casinos trying to outwit these people, an intense attention to detail. But that is not the only thing that a professional gambler should possess, a professional has to have some decorum too.

I wish that time will reach for me where I have to stop and just enjoy my winning. However, I think it will only happen if I win a jackpot money in lottery as in sports betting it's not easy to win big unless you have a big bankroll too (which most of us don't have).

There are ways to win big from small bet which is the parlay bet but just like a lottery, the chance is very small.

I think this is not their merit and not a consequence of their bold moves. We must remember that for every lucky one there are 10 of the same losers, such is gambling. Someone is lucky, someone is not and nothing depends on the player. A few gamblers make a really smart move - after a big win they stop playing forever)

As the saying goes, cash out when you are ahead. In games like luck based, there's no chance to win in the long run, we can be lucky, that's it, take the opportunity by cashing out and enjoy the winning, sometimes we just want more because we are greedy but regret the wrong decision later.

It's just similar to investing, we should know when to take profit, and don't aim to high that would only reduce your chances of getting profitable.

You are correct but we should be realistic and always consider the probability as luck is not consistent as well.

How could you of all people still continued the journey of danger after when you have made something good from your bet?, you could have exited the scene of the game to enjoy your win. The two bad streak could have be avoided only if you were able to control your emotions in the process of the game, "I'm a hit and run gambler" and am very much proud of this, those who live out of gambling won't practice this either.

That's the case for some gamblers and those who have really lived on their lives depending on it, also knew that this might happen to them. But just as you, they might have come up with an idea and strategy on how to control themselves on it.
And that's why they were able to make bold moves and decisions which prolongs their stay and survival as a gambling professional.