Gambling as a profession: there's people who live out of gambling? - page 10.

abhiseshakana

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Quote from: Mauser on January 17, 2021, 10:47:31 AM

While this might be the case for many of us, there is definitely a group of people who like risk and uncertainty. If you don't look for it you go for a safe 9 to 5 job without any upside. Your salary is fixed and you won't make any big pay jumps. People in the finance industry work a lot based on bonuses, so their salary is uncertain too. Or people working in sales are paid by commissions. There is also a change your salary per month.

Although both gamblers and employees get uncertain income, at least employees don't have the risk of losing money or the worst possibility is that what they did doesn't get rewarded, so they will only experience a loss in time and energy. Whereas in gambling, apart from an uncertain income, every gambler will definitely face the risk of losing their money.

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Quote from: abhiseshakana on January 16, 2021, 11:40:38 PM

Quote from: Ridwan Fauzi on January 16, 2021, 04:20:07 PM

I am someone who has always had the understanding that no one can live as a gambler, regardless of whether he is rich or not. Gambling cannot be used as a source of income, you can imagine how a person can live by gambling while he has to spend every day to live while he does not ensure that every time he gambles he gets money, psychologically this is something that can be accepted.

You've got a point .. basically, when someone is gambling they are taking risks for uncertain results in the hope of making a profit. So making gambling a source of livelihood is something that doesn't make sense because they have to depend on something uncertain.

But strangely there are people who take this path which in the end they will be faced with losses and after all the house always has an advantage because the odds are created to the house's benefit.

While this might be the case for many of us, there is definitely a group of people who like risk and uncertainty. If you don't look for it you go for a safe 9 to 5 job without any upside. Your salary is fixed and you won't make any big pay jumps. People in the finance industry work a lot based on bonuses, so their salary is uncertain too. Or people working in sales are paid by commissions. There is also a change your salary per month.

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Everyone can lose money even you use a very effective strategy in playing gambling you will not sure your winning. The proffesional earn a lot of money befause of their skills but it sometimes causes for them to lose a huge amount of money in the gamblibg. Luck is needed also and you need to take a risk once you play your money is 50 percent plus to lose it.

But the difference is they know when they must stop gamble to prevent the big loss. The professional gambler will not follow their guts if they see the chance to win is not stay with them, and they can decide to stop in a short time without any trouble. Besides that, they have much experience compared to the other gamblers, which will help them minimize the loss. When they win the games, they will have a lot of money, and they can leave the gambling for some time to enjoy their win money.

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Quote from: FIFA worldcup on January 17, 2021, 12:13:54 AM

Quote from: abhiseshakana on January 16, 2021, 11:40:38 PM

Quote from: Ridwan Fauzi on January 16, 2021, 04:20:07 PM

I am someone who has always had the understanding that no one can live as a gambler, regardless of whether he is rich or not. Gambling cannot be used as a source of income, you can imagine how a person can live by gambling while he has to spend every day to live while he does not ensure that every time he gambles he gets money, psychologically this is something that can be accepted.

You've got a point .. basically, when someone is gambling they are taking risks for uncertain results in the hope of making a profit. So making gambling a source of livelihood is something that doesn't make sense because they have to depend on something uncertain.

But strangely there are people who take this path which in the end they will be faced with losses and after all the house always has an advantage because the odds are created to the house's benefit.

Do you know anyone who is taking gambling as a profession and yet making an household income for living ? I don't think anyone can make consistent income with gambling.
Gambling may give you a lot of money at once or you may lose all your money but getting regular income from gambling is impossible.

That's not what people who are making gambling as a profession, you are talking about typical gamblers who just don't know how to manage their bankroll, and they want to win big money out from a small bankroll, professional gamblers does not work like that, their moves are calculated and they are into a long term journey, a small percentage of win is good enough for them as they have a decent bankroll.

You can tell if a gambler is really serious with the amount of bankroll he has.

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Quote from: abhiseshakana on January 16, 2021, 11:40:38 PM

Quote from: Ridwan Fauzi on January 16, 2021, 04:20:07 PM

I am someone who has always had the understanding that no one can live as a gambler, regardless of whether he is rich or not. Gambling cannot be used as a source of income, you can imagine how a person can live by gambling while he has to spend every day to live while he does not ensure that every time he gambles he gets money, psychologically this is something that can be accepted.

You've got a point .. basically, when someone is gambling they are taking risks for uncertain results in the hope of making a profit. So making gambling a source of livelihood is something that doesn't make sense because they have to depend on something uncertain.

But strangely there are people who take this path which in the end they will be faced with losses and after all the house always has an advantage because the odds are created to the house's benefit.

Do you know anyone who is taking gambling as a profession and yet making an household income for living ? I don't think anyone can make consistent income with gambling.
Gambling may give you a lot of money at once or you may lose all your money but getting regular income from gambling is impossible.

abhiseshakana

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Quote from: Ridwan Fauzi on January 16, 2021, 04:20:07 PM

I am someone who has always had the understanding that no one can live as a gambler, regardless of whether he is rich or not. Gambling cannot be used as a source of income, you can imagine how a person can live by gambling while he has to spend every day to live while he does not ensure that every time he gambles he gets money, psychologically this is something that can be accepted.

You've got a point .. basically, when someone is gambling they are taking risks for uncertain results in the hope of making a profit. So making gambling a source of livelihood is something that doesn't make sense because they have to depend on something uncertain.

But strangely there are people who take this path which in the end they will be faced with losses and after all the house always has an advantage because the odds are created to the house's benefit.

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Quote from: Becky666 on January 16, 2021, 05:14:43 AM

Quote from: Crptomagma on January 16, 2021, 02:38:38 AM

There are many people who indulge in gambling activities but I don’t think they gamble as their major source of income. They gamble to add up to their financial status, they play gamble as a side hustle. But in a case whereby the gambling is favoring the person, you don’t expect the person to quit gambling.

This is what many individual on this thread failed to understand, that those who made some income or a living from this industry were those who don't gamble or chase their losses. Most professionals we saw on the list have other sources of income and not just rely on gambling alone. Some of us here gamble as a side hustle, particularly myself.

If thats the case then it cant be tagged as a gambler making money through gambling alone because they are just playing as a sideline to earn extra and not because its their own main source of income. I believe there are professional gamblers (maybe only few) who rely on gambling to make money using their skills and strategy to maximize their earnings. But for an average gambler its quite hard to do it specially if they have no self control, the situation can turn to worse if you cant handle the losses.

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Quote from: Ridwan Fauzi on January 16, 2021, 04:20:07 PM

Quote from: Janation on January 16, 2021, 05:19:58 AM

That is so true.

There might be a time that they actually won but that doesn't cover the fact that they are also gambling for a long period of time and that also means that they are experiencing losses in that long run. Obviously, they have other sources of income or profit other than gambling because for sure they know how cruel gambling is.

There is no different thing between a professional gambler or ordinary gambler, they will have an equal opportunity to win or lose. Because there is no spesific strategy to make win or lose, they just depend on their luck for sure. I am someone who has always had the understanding that no one can live as a gambler, regardless of whether he is rich or not. Gambling cannot be used as a source of income, you can imagine how a person can live by gambling while he has to spend every day to live while he does not ensure that every time he gambles he gets money, psychologically this is something that can be accepted.

Then the term shouldn't exist, right?

Obviously, there is a huge difference from an ordinary gambler to a professional gambler. Of course in terms of luck, either an ordinary or a professional is in the same spot but in terms of creating these opportunities or plays make them higher to those ordinary gamblers. They have built this experience and knowledge that made them a professional.

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Quote from: Twentyonepaylots on January 16, 2021, 05:03:33 PM

Gambling isn't beneficial for everyone my guy, gambling is not a sure thing to get it's always 50% in any kind it's just either you lose or you win. And from that case, half of people in gambling industry is losing while the other half is winning, so I don't think there is benefit for everyone in terms of the money aspect. Maybe, just a maybe they are getting any from it beside the money for example the lesson from their past lost.

Sometimes the percentage can be lower than 50%, but that still winning for you, so you can stop gambling at that time before you lose that win money in another round. But the half people who win the money will not too many compare to the people who lose their money because those winners know when they need to stop after winning. If they can realize from their story of playing gambling, they really got a lesson on those gambling games, but many don't learn from their lesson or other people lesson.

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Quote from: Ridwan Fauzi on January 16, 2021, 04:20:07 PM

Quote from: Janation on January 16, 2021, 05:19:58 AM

That is so true.

There might be a time that they actually won but that doesn't cover the fact that they are also gambling for a long period of time and that also means that they are experiencing losses in that long run. Obviously, they have other sources of income or profit other than gambling because for sure they know how cruel gambling is.

There is no different thing between a professional gambler or ordinary gambler, they will have an equal opportunity to win or lose. Because there is no spesific strategy to make win or lose, they just depend on their luck for sure. I am someone who has always had the understanding that no one can live as a gambler, regardless of whether he is rich or not. Gambling cannot be used as a source of income, you can imagine how a person can live by gambling while he has to spend every day to live while he does not ensure that every time he gambles he gets money, psychologically this is something that can be accepted.

Pro gamblers never chase losses and they usually look for the right moment. With some examples, I would like to express my opinion. Evo live game shows are very popular and many gamblers try their luck on such live games. The monopoly game has a rigged wheel and 4 rolls can't appear during 360 spins. Imagine increasing bet size during the 360 game rounds and at the end, the multiplier is less than 60x. Of course, noobs will bust with some aggressive money management strategies but the wise gamblers will stay on the same bet size and will hunt for the biggest multiplier then run away.

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The numbers of those who lose their savings are far more than those who able to changed a life from this industry,
with that ratio it really hard to change people perceptions in regards to this market.

Only then, like what you said. If someone win huge and shares his earnings to his community will give some chances
that impressions will be changed.

If a person does not like gambling, then he may simply not play them. Problems begin when he wants to ban everything that he does not like not only himself but also other people. I don't see anything wrong with gambling - it's entertainment. If you abuse it then this is your problem. A person can abuse anything - drink, food, etc. but this does not characterize these things as bad.

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Quote from: Crptomagma on January 16, 2021, 02:38:38 AM

There are many people who indulge in gambling activities but I don’t think they gamble as their major source of income. They gamble to add up to their financial status, they play gamble as a side hustle. But in a case whereby the gambling is favoring the person, you don’t expect the person to quit gambling.

Its beneficial for anyone for that matter till the time they end up making money from it and not losing. But generally seen is most of them end up losing some money and if those who just play to win only goes into higher debt or loss as they chase their losses. Only if you play for fun it would not hurt much even if you end up in some loss.

Gambling isn't beneficial for everyone my guy, gambling is not a sure thing to get it's always 50% in any kind it's just either you lose or you win. And from that case, half of people in gambling industry is losing while the other half is winning, so I don't think there is benefit for everyone in terms of the money aspect. Maybe, just a maybe they are getting any from it beside the money for example the lesson from their past lost.

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Quote from: akirasendo17 on January 16, 2021, 09:32:01 AM

definitely, these people have learned certain tactics to be able to win even not every day, but I'm sure monthly they have profit, and yes since gambling online has some referral incentives, maybe they also get from that as well, playing for a long time means they know some patterns that they are sure what will be the result, that's why they spent a lot of times gambling because if not they are already broke right now and won't play or gamble.

This makes sense if the case is probably like this, people will be rich and alive from gambling.
however, it is probably only some percentage of the gamblers having this chance and conditions.
Even a professional player will not always win, they will probably lose in a day. But he tries again and make back their money from losing by winning other gamblings. probably but, how much is the percentage to take back the winning? As we are not that professional gamblers, we may not know, but for them, they probably really know how to make it.
Losing and winning in gambling maybe like what we are experiencing in trading. But with different strategies and tactics.

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Quote from: Janation on January 16, 2021, 05:19:58 AM

That is so true.

There might be a time that they actually won but that doesn't cover the fact that they are also gambling for a long period of time and that also means that they are experiencing losses in that long run. Obviously, they have other sources of income or profit other than gambling because for sure they know how cruel gambling is.

There is no different thing between a professional gambler or ordinary gambler, they will have an equal opportunity to win or lose. Because there is no spesific strategy to make win or lose, they just depend on their luck for sure. I am someone who has always had the understanding that no one can live as a gambler, regardless of whether he is rich or not. Gambling cannot be used as a source of income, you can imagine how a person can live by gambling while he has to spend every day to live while he does not ensure that every time he gambles he gets money, psychologically this is something that can be accepted.

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Quote from: boyptc on January 16, 2021, 06:30:58 AM

Quote from: Crptomagma on January 16, 2021, 02:58:40 AM

I still don’t know what it is with people and gambling, many people still see gambling as illegal and others see it as taboo and these mentality sucks. I don’t want to ever discuss gambling with someone who have the mentality that gamblers are not responsible or can be very extravagant in their spending.

It cannot be removed.

It's already intact with some of the communities and places that see it as it is and that belief will never change. Maybe someday if one of their townsmen will have his fortune through gambling.

But for this time, it won't be changed and we have to embrace that reality that gambling cannot please all of the people.

The numbers of those who lose their savings are far more than those who able to changed a life from this industry,
with that ratio it really hard to change people perceptions in regards to this market.

Only then, like what you said. If someone win huge and shares his earnings to his community will give some chances
that impressions will be changed.

Well, that gives a bad impression and that's also a fact.

Both sides have their own story and we know that being a responsible gambler would change others' perspective towards a gambler if he's doing good.

Or even if he's not doing good but still maintaining himself away and not compromising his priorities.

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Quote from: tyz on January 16, 2021, 09:24:46 AM

Quote from: Becky666 on January 16, 2021, 05:14:43 AM

Quote from: Crptomagma on January 16, 2021, 02:38:38 AM

There are many people who indulge in gambling activities but I don’t think they gamble as their major source of income. They gamble to add up to their financial status, they play gamble as a side hustle. But in a case whereby the gambling is favoring the person, you don’t expect the person to quit gambling.

This is what many individual on this thread failed to understand, that those who made some income or a living from this industry were those who don't gamble or chase their losses. Most professionals we saw on the list have other sources of income and not just rely on gambling alone. Some of us here gamble as a side hustle, particularly myself.

Well, this might be for some, which also have some side-businesses related to gambling, e.g. referring new members or being incluencers for gambling businesses. But there is also a minority which can solely live from income that completely results from doing gambling, mostly betting. I would say it is less than 1% of all gamblers, but they have managed to come up with a strategy / a way that will make them profitable in the long run.

definitely, these people have learned certain tactics to be able to win even not every day, but I'm sure monthly they have profit, and yes since gambling online has some referral incentives, maybe they also get from that as well, playing for a long time means they know some patterns that they are sure what will be the result, that's why they spent a lot of times gambling because if not they are already broke right now and won't play or gamble.

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Quote from: Becky666 on January 16, 2021, 05:14:43 AM

Quote from: Crptomagma on January 16, 2021, 02:38:38 AM

There are many people who indulge in gambling activities but I don’t think they gamble as their major source of income. They gamble to add up to their financial status, they play gamble as a side hustle. But in a case whereby the gambling is favoring the person, you don’t expect the person to quit gambling.

This is what many individual on this thread failed to understand, that those who made some income or a living from this industry were those who don't gamble or chase their losses. Most professionals we saw on the list have other sources of income and not just rely on gambling alone. Some of us here gamble as a side hustle, particularly myself.

Well, this might be for some, which also have some side-businesses related to gambling, e.g. referring new members or being incluencers for gambling businesses. But there is also a minority which can solely live from income that completely results from doing gambling, mostly betting. I would say it is less than 1% of all gamblers, but they have managed to come up with a strategy / a way that will make them profitable in the long run.

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Quote from: MCobian on January 16, 2021, 06:08:22 AM

Quote from: mirakal on January 16, 2021, 05:34:12 AM

Quote from: FlightyPouch on January 16, 2021, 05:22:34 AM

But we are talking about dice here, right? It is true that I am talking about those gamblers that have a profit even though they are gambling for a long time but we are still talking about dice, luck-based games so I think strategizing can't help you. There might be some betting systems that could help you but I don't think that could make you a winner.

Seriously, we are talking on being a professional gambler by playing dice? No way.. there's no way we can be professional dicer as we don't have the advantage, we will just lose in the long run, this is a pure luck based type of game, not advisable to treat it seriously, for fun, it's good.

It is absolutely impossible for gamblers who are able to play Dice to win in the long run, because gambling games based on luck are only for
entertainment. Usually professional gamblers prefer Poker or Blackjack to be able to win in the long run, because both games do require expertise
to win. Unless the gamblers cheated when playing Dice. Because it is almost difficult to win in the long run when playing Dice, the Dice system is
made for gamblers to experience lose.

Sports betting as well, I guess there's a lot of sports bettors than poker players.. Fact is that, sports betting industry is a billion dollar industry, and that means lots of bettors are losers but there are winners in this kind of gambling, that's why this is the time of gambling that I want to focus.

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Quote from: Crptomagma on January 16, 2021, 02:58:40 AM

I still don’t know what it is with people and gambling, many people still see gambling as illegal and others see it as taboo and these mentality sucks. I don’t want to ever discuss gambling with someone who have the mentality that gamblers are not responsible or can be very extravagant in their spending.

It cannot be removed.

It's already intact with some of the communities and places that see it as it is and that belief will never change. Maybe someday if one of their townsmen will have his fortune through gambling.

But for this time, it won't be changed and we have to embrace that reality that gambling cannot please all of the people.

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Quote from: mirakal on January 16, 2021, 05:34:12 AM

Quote from: FlightyPouch on January 16, 2021, 05:22:34 AM

But we are talking about dice here, right? It is true that I am talking about those gamblers that have a profit even though they are gambling for a long time but we are still talking about dice, luck-based games so I think strategizing can't help you. There might be some betting systems that could help you but I don't think that could make you a winner.

Seriously, we are talking on being a professional gambler by playing dice? No way.. there's no way we can be professional dicer as we don't have the advantage, we will just lose in the long run, this is a pure luck based type of game, not advisable to treat it seriously, for fun, it's good.

It is absolutely impossible for gamblers who are able to play Dice to win in the long run, because gambling games based on luck are only for
entertainment. Usually professional gamblers prefer Poker or Blackjack to be able to win in the long run, because both games do require expertise
to win. Unless the gamblers cheated when playing Dice. Because it is almost difficult to win in the long run when playing Dice, the Dice system is
made for gamblers to experience lose.

Topic: Gambling as a profession: there's people who live out of gambling? - page 10. (Read 6976 times)