Gambling as a profession: there's people who live out of gambling? - page 12.

milewilda

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Quote from: finaleshot2016 on January 14, 2021, 01:24:36 PM

Quote from: Pamadar on January 14, 2021, 12:20:28 PM

Quote from: michellee on January 14, 2021, 09:24:19 AM

Quote from: KTChampions on January 13, 2021, 02:20:27 PM

Quote from: Faxmate on January 12, 2021, 05:32:20 PM

yeah if they are not addicted to the gambling then it is possible for them to live their whole life on gambling's income but afterall this whole thing depend on luck factor, I have seen a lot of people living their life on gambling as well as majority of skilled people are facing a big loss of money.

If your long term strategy depends on luck, then you are doing something wrong. It is naive to hope for luck if we are talking about a long distance - the math works here strictly in favor of the bookmakers/casino owners etc. Therefore, if you want to succeed then you must either be a casino owner or look for and find weaknesses/mistakes at casinos/bookmakers.

Not many people can become bookmakers or casino owners because that will need a lot of money to start. If people do not play gambling for a long time and will think twice about using gambling for a profession, they will save their money, and they do not have to depend on the luck factor because that will not work for the long term. Many people live ruin because they want to use gambling as a profession, which is an important lesson for us not to follow them to ruin our lives.

Precisely! Set those experiences coming from other gamblers who become addicted and lose control.

It's very possible that you'll be able to engaged too much and lose all your savings if you are not careful, many people suffer from depression and some ends up committing suicide to escape from this huge mistake. You need to be responsible in any decision making that you'll going to take. Gambling as profession is not easy as it is.

You should think wisely about where will you spend your money, that's the basics in life. This decision is applicable in all aspects as long as there is money on the line. Many people have already lost a lot of money and ruined their lives because of gambling, we should learn from their mistakes. Sometimes, you'll learn if you're taking advice from other people, not only by experiencing it. And also, we shouldn't compare ourselves to professional gamblers that really risk, it is because they have the ability to recover it because they have funds or sponsorship when competing in leagues.

Trying to acheive something just because of seeing others and trying to pursue it would really be a big mistake specially if done it on a rush basis.
Seeing it happened doesnt mean that it will applicable for you as well.As said these fellas had do the capability or capacity on sustaining things even if they do gamble
plus having that advantage when it comes to funding or capitals which you cant just apply it into your own.

Dont really expect too much nor force to do the same but well this can be also learned but this wont really be an easy thing or sure stuff.

finaleshot2016

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Quote from: Pamadar on January 14, 2021, 12:20:28 PM

Quote from: michellee on January 14, 2021, 09:24:19 AM

Quote from: KTChampions on January 13, 2021, 02:20:27 PM

Quote from: Faxmate on January 12, 2021, 05:32:20 PM

yeah if they are not addicted to the gambling then it is possible for them to live their whole life on gambling's income but afterall this whole thing depend on luck factor, I have seen a lot of people living their life on gambling as well as majority of skilled people are facing a big loss of money.

If your long term strategy depends on luck, then you are doing something wrong. It is naive to hope for luck if we are talking about a long distance - the math works here strictly in favor of the bookmakers/casino owners etc. Therefore, if you want to succeed then you must either be a casino owner or look for and find weaknesses/mistakes at casinos/bookmakers.

Not many people can become bookmakers or casino owners because that will need a lot of money to start. If people do not play gambling for a long time and will think twice about using gambling for a profession, they will save their money, and they do not have to depend on the luck factor because that will not work for the long term. Many people live ruin because they want to use gambling as a profession, which is an important lesson for us not to follow them to ruin our lives.

Precisely! Set those experiences coming from other gamblers who become addicted and lose control.

It's very possible that you'll be able to engaged too much and lose all your savings if you are not careful, many people suffer from depression and some ends up committing suicide to escape from this huge mistake. You need to be responsible in any decision making that you'll going to take. Gambling as profession is not easy as it is.

You should think wisely about where will you spend your money, that's the basics in life. This decision is applicable in all aspects as long as there is money on the line. Many people have already lost a lot of money and ruined their lives because of gambling, we should learn from their mistakes. Sometimes, you'll learn if you're taking advice from other people, not only by experiencing it. And also, we shouldn't compare ourselves to professional gamblers that really risk, it is because they have the ability to recover it because they have funds or sponsorship when competing in leagues.

Pamadar

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Quote from: michellee on January 14, 2021, 09:24:19 AM

Quote from: KTChampions on January 13, 2021, 02:20:27 PM

Quote from: Faxmate on January 12, 2021, 05:32:20 PM

yeah if they are not addicted to the gambling then it is possible for them to live their whole life on gambling's income but afterall this whole thing depend on luck factor, I have seen a lot of people living their life on gambling as well as majority of skilled people are facing a big loss of money.

If your long term strategy depends on luck, then you are doing something wrong. It is naive to hope for luck if we are talking about a long distance - the math works here strictly in favor of the bookmakers/casino owners etc. Therefore, if you want to succeed then you must either be a casino owner or look for and find weaknesses/mistakes at casinos/bookmakers.

Not many people can become bookmakers or casino owners because that will need a lot of money to start. If people do not play gambling for a long time and will think twice about using gambling for a profession, they will save their money, and they do not have to depend on the luck factor because that will not work for the long term. Many people live ruin because they want to use gambling as a profession, which is an important lesson for us not to follow them to ruin our lives.

Precisely! Set those experiences coming from other gamblers who become addicted and lose control.

It's very possible that you'll be able to engaged too much and lose all your savings if you are not careful, many people suffer from depression and some ends up committing suicide to escape from this huge mistake. You need to be responsible in any decision making that you'll going to take. Gambling as profession is not easy as it is.

mardaed

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Quote from: Betwrong on January 14, 2021, 08:30:41 AM

Quote from: mardaed on January 13, 2021, 12:10:14 PM

Quote from: Betwrong on January 13, 2021, 06:27:45 AM

Reading the replies in this thread I see that purely luck based games like dice and lottery popping up in some discussions.

Let's get this straight, guys, there is no such thing as professional gambling in the fields of purely luck based games. Some people may think they are pros because of being in profit from playing slots or dice for years in a row, but in fact they are nothing more than just lucky, and their "professionalism" can evaporate any time with hitting a long losing streak.

I get your point, and I somewhat agree with you. I also see these people as really “lucky” rather than “professionals.” And I don’t think that gambling is a profession, it is a form of entertainment that in a way or two provide benefits to the participants. In my opinion, gambling can be a profession or its participants to be called professionals when it will be affiliated with math and logic. But with the nature of gambling, random and constantly changing, math and logic do not consistently work with it.

I was talking about purely luck based games, but, of course, there are types of gambling activities where math and logic are involved. From what I know, poker and sports betting require good understanding of probabilities, and it's a fact that there are professional sports bettors and poker players that make big money with these activities. But those are very rare cases, and the wisest of them quit after making a significant profit.

Yes, I could see that you have focused your statement about the purely luck based games. And I agree with you about that. I am also aware that there are indeed known and respectable sports bettors and poker players in this industry. But I opted to generalize gambling and its nature in order to justify my opinion on how it cannot be really considered as a profession, even with people gaining expertise with it. After all, people are also and still seeking for a source of income or financial needs to be able to gamble. And with that, majority are not really independently relying with gambling but are just fond of it.

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Quote from: k@suy on January 14, 2021, 09:08:16 AM

Quote from: KTChampions on January 13, 2021, 02:20:27 PM

Quote from: Faxmate on January 12, 2021, 05:32:20 PM

yeah if they are not addicted to the gambling then it is possible for them to live their whole life on gambling's income but afterall this whole thing depend on luck factor, I have seen a lot of people living their life on gambling as well as majority of skilled people are facing a big loss of money.

If your long term strategy depends on luck, then you are doing something wrong. It is naive to hope for luck if we are talking about a long distance - the math works here strictly in favor of the bookmakers/casino owners etc. Therefore, if you want to succeed then you must either be a casino owner or look for and find weaknesses/mistakes at casinos/bookmakers.

Well i guess aiming to successfully win in gambling requires both skills and strategic plan and at the same time the power of luck. As a gambler we shouldn't have to go in a battle field where we are only depending on the luck because it was a total risk and waste of money and time. This wasn't worked as one though i guess it has some sortt of impact on gambling techniques but luck alone is somewhat giving up yourself to the battle where you didn't bring any armour.

Choosing games with better probability of winning or higher rewards for the risk we are taken also plays a role to withstand for someone to very longer even though they are not making constant profits through their bets.Well on casino s games we can never see lot of people winning in long term because which is actually designed for people to lose when they gambler longer so only card games involves some strategies and bit of luck to win.

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Quote from: KTChampions on January 13, 2021, 02:20:27 PM

Quote from: Faxmate on January 12, 2021, 05:32:20 PM

yeah if they are not addicted to the gambling then it is possible for them to live their whole life on gambling's income but afterall this whole thing depend on luck factor, I have seen a lot of people living their life on gambling as well as majority of skilled people are facing a big loss of money.

If your long term strategy depends on luck, then you are doing something wrong. It is naive to hope for luck if we are talking about a long distance - the math works here strictly in favor of the bookmakers/casino owners etc. Therefore, if you want to succeed then you must either be a casino owner or look for and find weaknesses/mistakes at casinos/bookmakers.

Not many people can become bookmakers or casino owners because that will need a lot of money to start. If people do not play gambling for a long time and will think twice about using gambling for a profession, they will save their money, and they do not have to depend on the luck factor because that will not work for the long term. Many people live ruin because they want to use gambling as a profession, which is an important lesson for us not to follow them to ruin our lives.

k@suy

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Quote from: KTChampions on January 13, 2021, 02:20:27 PM

Quote from: Faxmate on January 12, 2021, 05:32:20 PM

yeah if they are not addicted to the gambling then it is possible for them to live their whole life on gambling's income but afterall this whole thing depend on luck factor, I have seen a lot of people living their life on gambling as well as majority of skilled people are facing a big loss of money.

If your long term strategy depends on luck, then you are doing something wrong. It is naive to hope for luck if we are talking about a long distance - the math works here strictly in favor of the bookmakers/casino owners etc. Therefore, if you want to succeed then you must either be a casino owner or look for and find weaknesses/mistakes at casinos/bookmakers.

Well i guess aiming to successfully win in gambling requires both skills and strategic plan and at the same time the power of luck. As a gambler we shouldn't have to go in a battle field where we are only depending on the luck because it was a total risk and waste of money and time. This wasn't worked as one though i guess it has some sortt of impact on gambling techniques but luck alone is somewhat giving up yourself to the battle where you didn't bring any armour.

Betwrong

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Quote from: mardaed on January 13, 2021, 12:10:14 PM

Quote from: Betwrong on January 13, 2021, 06:27:45 AM

Reading the replies in this thread I see that purely luck based games like dice and lottery popping up in some discussions.

Let's get this straight, guys, there is no such thing as professional gambling in the fields of purely luck based games. Some people may think they are pros because of being in profit from playing slots or dice for years in a row, but in fact they are nothing more than just lucky, and their "professionalism" can evaporate any time with hitting a long losing streak.

I get your point, and I somewhat agree with you. I also see these people as really “lucky” rather than “professionals.” And I don’t think that gambling is a profession, it is a form of entertainment that in a way or two provide benefits to the participants. In my opinion, gambling can be a profession or its participants to be called professionals when it will be affiliated with math and logic. But with the nature of gambling, random and constantly changing, math and logic do not consistently work with it.

I was talking about purely luck based games, but, of course, there are types of gambling activities where math and logic are involved. From what I know, poker and sports betting require good understanding of probabilities, and it's a fact that there are professional sports bettors and poker players that make big money with these activities. But those are very rare cases, and the wisest of them quit after making a significant profit.

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Quote from: Faxmate on January 12, 2021, 05:32:20 PM

yeah if they are not addicted to the gambling then it is possible for them to live their whole life on gambling's income but afterall this whole thing depend on luck factor, I have seen a lot of people living their life on gambling as well as majority of skilled people are facing a big loss of money.

If your long term strategy depends on luck, then you are doing something wrong. It is naive to hope for luck if we are talking about a long distance - the math works here strictly in favor of the bookmakers/casino owners etc. Therefore, if you want to succeed then you must either be a casino owner or look for and find weaknesses/mistakes at casinos/bookmakers.

hahay

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Quote from: mardaed on January 13, 2021, 12:10:14 PM

Quote from: Betwrong on January 13, 2021, 06:27:45 AM

Reading the replies in this thread I see that purely luck based games like dice and lottery popping up in some discussions.

Let's get this straight, guys, there is no such thing as professional gambling in the fields of purely luck based games. Some people may think they are pros because of being in profit from playing slots or dice for years in a row, but in fact they are nothing more than just lucky, and their "professionalism" can evaporate any time with hitting a long losing streak.

I get your point, and I somewhat agree with you. I also see these people as really “lucky” rather than “professionals.” And I don’t think that gambling is a profession, it is a form of entertainment that in a way or two provide benefits to the participants. In my opinion, gambling can be a profession or its participants to be called professionals when it will be affiliated with math and logic. But with the nature of gambling, random and constantly changing, math and logic do not consistently work with it.

I realize gambling is just about entertainment and luck but I've come across some people whose lives rely at least on the results of gambling, both in real life and online. But indeed, maybe it is not a profession because the results are not always about profit and therefore, perhaps it would be more accurately described as a normal activity. Because even if there is someone who gambles every day it's just about the usual activities, because at least they still have another source of steady income and don't rely entirely on gambling.

mardaed

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Quote from: Betwrong on January 13, 2021, 06:27:45 AM

Reading the replies in this thread I see that purely luck based games like dice and lottery popping up in some discussions.

Let's get this straight, guys, there is no such thing as professional gambling in the fields of purely luck based games. Some people may think they are pros because of being in profit from playing slots or dice for years in a row, but in fact they are nothing more than just lucky, and their "professionalism" can evaporate any time with hitting a long losing streak.

I get your point, and I somewhat agree with you. I also see these people as really “lucky” rather than “professionals.” And I don’t think that gambling is a profession, it is a form of entertainment that in a way or two provide benefits to the participants. In my opinion, gambling can be a profession or its participants to be called professionals when it will be affiliated with math and logic. But with the nature of gambling, random and constantly changing, math and logic do not consistently work with it.

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Quote from: swogerino on January 13, 2021, 04:26:23 AM

Quote from: Lucasgabd on January 12, 2021, 10:28:54 AM

Quote from: Crptomagma on January 12, 2021, 02:54:07 AM

Gambling is as old as human. I know a handful of people who use gambling as their source of major income and depend on it solely to discharge their financial needs. They are gifted with lucky hands and predict the best odds with the highest benefit.

interesting, can you share more on which styles of games they play and what their strategies and techniques are?
probably not only pure luck, right?
let us know

I am also interested to know these people who are gifted with lucky hands as personally I don’t believe in such thing.They must be either cheaters,wizards or math geniuses (remember that guy that math person who got to jail by winning several times the national lottery by using math) because pure luck or gifted luck does not exist.

not a joke here but when I was young my school used to organize Bingo tournaments.
which is quite random, not so easy to fake.

they gave a variety of prizes from televisions, discounts on next year payment on the school, radio, and all kinds of electronics.

there was this 1 guy called Giovanni that won quite a lot of these.
really not a joke but the guy probably won like half the bingos where he participated.

we never know, but gifted luck may exist.

can you share a link or story to this guy that won the lottery using math? would like to read about it.

Betwrong

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Reading the replies in this thread I see that purely luck based games like dice and lottery popping up in some discussions.

Let's get this straight, guys, there is no such thing as professional gambling in the fields of purely luck based games. Some people may think they are pros because of being in profit from playing slots or dice for years in a row, but in fact they are nothing more than just lucky, and their "professionalism" can evaporate any time with hitting a long losing streak.

XZERO1

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Quote from: Faxmate on January 12, 2021, 05:32:20 PM

yeah if they are not addicted to the gambling then it is possible for them to live their whole life on gambling's income but afterall this whole thing depend on luck factor, I have seen a lot of people living their life on gambling as well as majority of skilled people are facing a big loss of money.

I really don't think so that's possible, no matter if you're addicted to gambling or not you can not possibly rely on gambling even as one extra source of income, let alone gambling being your only source of income, that being said it's possible to use a low risk strategy and have short-term success and make a good constant income from gambling for a few weeks but you can bet that's not going to last long and you eventually will start to lose.

Gambling is a great way to entertain yourself and it could give you that feeling of adrenaline rush but that's just it and no one should ever look at gambling as something more than that, simply because if you do look at gambling as a good source of income you eventually will start increasing the money that you use to bet until it's not safe to gamble anymore and you could be one of those people that lost most of their savings on gambling.

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Quote from: Lucasgabd on January 12, 2021, 10:28:54 AM

Quote from: Crptomagma on January 12, 2021, 02:54:07 AM

Gambling is as old as human. I know a handful of people who use gambling as their source of major income and depend on it solely to discharge their financial needs. They are gifted with lucky hands and predict the best odds with the highest benefit.

interesting, can you share more on which styles of games they play and what their strategies and techniques are?
probably not only pure luck, right?
let us know

I am also interested to know these people who are gifted with lucky hands as personally I don’t believe in such thing.They must be either cheaters,wizards or math geniuses (remember that guy that math person who got to jail by winning several times the national lottery by using math) because pure luck or gifted luck does not exist.

Faxmate

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Quote from: Pamadar on January 12, 2021, 01:03:54 PM

Quote from: blckhawk on January 12, 2021, 11:12:41 AM

Quote from: Crptomagma on January 12, 2021, 02:54:07 AM

Gambling is as old as human. I know a handful of people who use gambling as their source of major income and depend on it solely to discharge their financial needs. They are gifted with lucky hands and predict the best odds with the highest benefit.

Yeah, I think those people are the ones who play with the best odds. They are likely not relying on luck perhaps using a trick on it because there's no way you can win in gambling consecutively with just luck perhaps they're using math on it. Actually, I have read a bizarre post regarding this one, I think it was it was MIT students who used math to increase their probability of winning. Regarding to the question of OP, yeah technically there is but I'm just not quite sure of it though.

There are people who managed to live using this industry.

People who attained knowledge and right skills to have a much higher chance of winning against the house, though it's not always
but they are capable of controlling their emotions and have agood bankroll managements, they are trained enough to avoid busting
their money and keep ontrack finding ways to keep gaining decent.

yeah if they are not addicted to the gambling then it is possible for them to live their whole life on gambling's income but afterall this whole thing depend on luck factor, I have seen a lot of people living their life on gambling as well as majority of skilled people are facing a big loss of money.

imstillthebest

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Quote from: blckhawk on January 12, 2021, 11:12:41 AM

Quote from: Crptomagma on January 12, 2021, 02:54:07 AM

Gambling is as old as human. I know a handful of people who use gambling as their source of major income and depend on it solely to discharge their financial needs. They are gifted with lucky hands and predict the best odds with the highest benefit.

Yeah, I think those people are the ones who play with the best odds. They are likely not relying on luck perhaps using a trick on it because there's no way you can win in gambling consecutively with just luck perhaps they're using math on it. Actually, I have read a bizarre post regarding this one, I think it was it was MIT students who used math to increase their probability of winning. Regarding to the question of OP, yeah technically there is but I'm just not quite sure of it though.

those that have blessed with an extra ordinary knowledge and blessed with a lucky hands are both lucky and they are the person that can use gambling as a profession but the person with lucky hands are more in favor with it because the other person is already knowledgeable and he can use this knowledge in so many things to earn .
he dont need to risk money in gambling unless if he wants easy money ?
for the rest of the society that are normal or not blessed with both of these talent they may need to think twice before they venture this profession .

pinggoki

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Quote from: Trinx01 on January 12, 2021, 12:32:42 AM

For sure some people live out from gambling, this is their only way to earn money and consider this as their job but it seems inappropriate because there is no assurance that you may earn money from it. Gambling is such a risky way of earning money, do not consider this as your job but make it only as wy of entertainment and earning money as well but consider also the fact that you may lose your money from it.

When you say gambling it also has an counter part which is risky way of earning, but the thing is that you may earn huge when you are gambling because you are risking a huge money. It is just like a business in which you are risking in order for you to attain something. If someone is using gambling platform as their professional job then we can't blame them because maybe they are good at it. Whenever you are gambling always think that there is a chance that you may lose your money otherwise you may win.

emmybd

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A lot of gamblers feel they are waiting for the big win which never comes but always seems tantalizingly close. But often, they find having a big win would simply fuel their desire for more gambling, leaving them feeling trapped into behaviour with no way out. This would suggest that being 'in action' is the most important thing, rather than winning an amount of money. A big win can change gambling from entertainment to being about winning money. The problem here is that all forms of gambling have a house advantage meaning, over time, the house always wins. Or more importantly, the gambler always loses. This means any gambling we do that is driven by a need to win money, including trying to win back money we've already lost, is not going to work.
If we see gambling as an entertainment then it can be a useful diversion from stress, grief or life's hassles but can turn negative when it stops being a diversion and starts being a way to earn money.

Pamadar

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Quote from: blckhawk on January 12, 2021, 11:12:41 AM

Quote from: Crptomagma on January 12, 2021, 02:54:07 AM

Gambling is as old as human. I know a handful of people who use gambling as their source of major income and depend on it solely to discharge their financial needs. They are gifted with lucky hands and predict the best odds with the highest benefit.

Yeah, I think those people are the ones who play with the best odds. They are likely not relying on luck perhaps using a trick on it because there's no way you can win in gambling consecutively with just luck perhaps they're using math on it. Actually, I have read a bizarre post regarding this one, I think it was it was MIT students who used math to increase their probability of winning. Regarding to the question of OP, yeah technically there is but I'm just not quite sure of it though.

There are people who managed to live using this industry.

People who attained knowledge and right skills to have a much higher chance of winning against the house, though it's not always
but they are capable of controlling their emotions and have agood bankroll managements, they are trained enough to avoid busting
their money and keep ontrack finding ways to keep gaining decent.

Topic: Gambling as a profession: there's people who live out of gambling? - page 12. (Read 6953 times)