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Topic: Gambling as a profession: there's people who live out of gambling? - page 13. (Read 6953 times)

legendary
Activity: 2030
Merit: 1189
I heard about a few guys who killed the family members after getting in debt(more than $120k), this is not the normal way of living life. Gambling has to be regulated hardly especially by the regulators before letting the users deposit insane amounts.

Regulations, even how strict it is, will be disregarded once the person falls on the trap of being addicted.
Gambling can mean different things for different people. For some, it is their buzz word, and their adrenaline and Dopamine rushing like they've big time but for some the sound of it is not appealing at all.

You could use gambling as your only way of income but you must really know your game, plus you don't want to be doing it all the time as you'd end up addicted, and nothing an stop you. As mentioned above, no regulations can stop addiction, no matter how hard they make it.

Gambling should be seen as an exercise at most, regular but controlled.
sr. member
Activity: 1554
Merit: 334
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.
legendary
Activity: 2506
Merit: 1113
There's no need to be upset
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
hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
Trying to find the best game that has no house edge, I guess that's the right thing to do if you really want to improve and eventually to be consistent in winning. We can't argue that we can win in luck based games but I would argue if some say we can win that consistently despite of the house edge.

Not even in theory it is true, more so in practice.

When I was a newbie I was a moron trying to find the formula to win but those veterans are correct, no way you can win in the long run on games with house edge, it's just my bad I didn't listen because I wanted to follow my own experience.

It is normal if we are a newbie to think that we can find the formula to win, and we try to make or modify other people's strategy or method or whatever its name. But sooner or later, after we get some experience, that can give us an understanding about winning consistently in gambling is not easy, and sometimes, we will lose our money just because we want to try to win.

That is true, every gambler needs to know where his limits are and when to stop. It's not easy and every tine you get lucky you might think why I wouldn't be lucky next time and time after that. But this might get dangerous and there are only very few people who can actually make for the living with gambling but majority of us are not among them.

The risk behind using gambling as a job is losing all of the things that we have. All the things that we have will be sold because we need money to start gamble the next day, or even do something worst because of the money needs. That will affect us, but it also affects people around us, including our family.
member
Activity: 350
Merit: 37
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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.
member
Activity: 297
Merit: 40
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.
hero member
Activity: 2912
Merit: 556
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~snip~
They have games that really needed a strategy to win in a game that others always do but not luckily it works because they have times that it cause also for the players to lose their capital. Sometimes luck depends for you to win and if you are unlucky you lose money. Playing gambling is risky and unpredictable if you win or not so I did not think it's a job.

Most of the time, gamblers will lose money than winning the money, so that should make us think twice to stay at the gambling games for a long time. If we already knew about the risk, I think we can manage our time not to play gambling for too long. I think a pro gambler will know if something not right happens while playing gambling, so they will decide to take a break for a while instead of playing and testing their luck. Perhaps, that is a sense to smell if there are strange situations between them inside the game. Well, probably we can't understand, but I am sure pro gamblers will feel that.
legendary
Activity: 2436
Merit: 1008
I heard about a few guys who killed the family members after getting in debt(more than $120k), this is not the normal way of living life. Gambling has to be regulated hardly especially by the regulators before letting the users deposit insane amounts.

Gambling should not be taken as the reason why it ends up like that. It's a self behavior problem and no one to blame there but that person itself.

It's no different from other activities like drugs, alcohol, etc.

Regulations, even how strict it is, will be disregarded once the person falls on the trap of being addicted.

hero member
Activity: 2954
Merit: 605
Trying hard would not work if the system in place would not make you beat the house, just look at the dice sites now, they have already grown overtime, they don't only offer dice, they have already added a variety of games because they have enough funds from a profitable operation.

I think instead of trying hard, just try your luck.. Bet on a huge multiplier and then stop and enjoy your winning if you hit it.

Maybe we can try the other gambling game, but not to play with hard because we will not get a big chance to beat the house. Yes, I agree with you that we can play gambling and try our luck, and if we win, that will be the time for us to stop instead of continuing for other rounds. If we keep playing without thinking about stopping for a while, we will lose that win money.

That is true, every gambler needs to know where his limits are and when to stop. It's not easy and every tine you get lucky you might think why I wouldn't be lucky next time and time after that. But this might get dangerous and there are only very few people who can actually make for the living with gambling but majority of us are not among them.
I heard about a few guys who killed the family members after getting in debt(more than $120k), this is not the normal way of living life. Gambling has to be regulated hardly especially by the regulators before letting the users deposit insane amounts. There is nothing wrong to make small money while having fun in gambling but putting the bankroll which gamblers can't afford to lose is not a good idea no matter how reliable bet is.
That's  sad news but we can't control everyone, some killed people because they are drunk but alcohol is still not ban, so there should be no difference in casinos in terms of treatment. It's our responsibility to ensure that we are matured enough to understand the risk in gambling, yes it's entertaining but it comes with risk, the higher the stake will increase the risk so cases like that does not happen all the time or every time, gambling casinos hence will still exist.

Regulation? of course they are regulated once they have a license.
legendary
Activity: 2772
Merit: 1028
Duelbits.com
Trying hard would not work if the system in place would not make you beat the house, just look at the dice sites now, they have already grown overtime, they don't only offer dice, they have already added a variety of games because they have enough funds from a profitable operation.

I think instead of trying hard, just try your luck.. Bet on a huge multiplier and then stop and enjoy your winning if you hit it.

Maybe we can try the other gambling game, but not to play with hard because we will not get a big chance to beat the house. Yes, I agree with you that we can play gambling and try our luck, and if we win, that will be the time for us to stop instead of continuing for other rounds. If we keep playing without thinking about stopping for a while, we will lose that win money.

That is true, every gambler needs to know where his limits are and when to stop. It's not easy and every tine you get lucky you might think why I wouldn't be lucky next time and time after that. But this might get dangerous and there are only very few people who can actually make for the living with gambling but majority of us are not among them.
I heard about a few guys who killed the family members after getting in debt(more than $120k), this is not the normal way of living life. Gambling has to be regulated hardly especially by the regulators before letting the users deposit insane amounts. There is nothing wrong to make small money while having fun in gambling but putting the bankroll which gamblers can't afford to lose is not a good idea no matter how reliable bet is.
hero member
Activity: 1554
Merit: 814
The Alliance Of Bitcointalk Translators - ENG>POR
Just curious here.
I know there are tons of way to live.

but is there such a thing as professional gamblers?

people who make a living onlyout of gambling (online or on rl)?

resources and comments on that are really welcome.
I am not an expert on this subject, but I believe that there are people who can live with gambling. Poker and other sports betting are one of them, for sure these types of people are smart and work thinking. Another point that I contrast is gambling is a business that moves billions of dollars around the world.

There are people who have some good edge learning to understand how this activity works for them, they are making good amount of money out from their skills and sorting the right types of games to gamble with.

Those people are  good in enhancing their knowledge and skills from this market, they are capable in finding good patterns and strategy
that will work for them along the way.

Most of them are discreetly enjoying this priveledge knowing that the site owners are looking
closer to them checking if they are doing something not fair to the house.
Yes @Fredomago, this is true. There are people who find it easier to learn some kind of thing, including learning gambling, plays, tactics and other things.
But of course, not all people / players are like that, they are a minority.
legendary
Activity: 3248
Merit: 1160
Fully Regulated Crypto Casino
Trying hard would not work if the system in place would not make you beat the house, just look at the dice sites now, they have already grown overtime, they don't only offer dice, they have already added a variety of games because they have enough funds from a profitable operation.

I think instead of trying hard, just try your luck.. Bet on a huge multiplier and then stop and enjoy your winning if you hit it.

Maybe we can try the other gambling game, but not to play with hard because we will not get a big chance to beat the house. Yes, I agree with you that we can play gambling and try our luck, and if we win, that will be the time for us to stop instead of continuing for other rounds. If we keep playing without thinking about stopping for a while, we will lose that win money.

Trying to find the best game that has no house edge, I guess that's the right thing to do if you really want to improve and eventually to be consistent in winning. We can't argue that we can win in luck based games but I would argue if some say we can win that consistently despite of the house edge.

Not even in theory it is true, more so in practice.

When I was a newbie I was a moron trying to find the formula to win but those veterans are correct, no way you can win in the long run on games with house edge, it's just my bad I didn't listen because I wanted to follow my own experience.
hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
Trying hard would not work if the system in place would not make you beat the house, just look at the dice sites now, they have already grown overtime, they don't only offer dice, they have already added a variety of games because they have enough funds from a profitable operation.

I think instead of trying hard, just try your luck.. Bet on a huge multiplier and then stop and enjoy your winning if you hit it.

Maybe we can try the other gambling game, but not to play with hard because we will not get a big chance to beat the house. Yes, I agree with you that we can play gambling and try our luck, and if we win, that will be the time for us to stop instead of continuing for other rounds. If we keep playing without thinking about stopping for a while, we will lose that win money.
legendary
Activity: 2996
Merit: 1054
Leading Crypto Sports Betting & Casino Platform
Just curious here.
I know there are tons of way to live.

but is there such a thing as professional gamblers?

people who make a living onlyout of gambling (online or on rl)?

resources and comments on that are really welcome.
I am not an expert on this subject, but I believe that there are people who can live with gambling. Poker and other sports betting are one of them, for sure these types of people are smart and work thinking. Another point that I contrast is gambling is a business that moves billions of dollars around the world.

There are people who have some good edge learning to understand how this activity works for them, they are making good amount of money out from their skills and sorting the right types of games to gamble with.

Those people are  good in enhancing their knowledge and skills from this market, they are capable in finding good patterns and strategy
that will work for them along the way.

Most of them are discreetly enjoying this priveledge knowing that the site owners are looking
closer to them checking if they are doing something not fair to the house.
sr. member
Activity: 1540
Merit: 255
There are also gamblers that had a profit even they are playing for a long period of time in luck based games.

I'm thinking what's the house edge for the games you are talking?

The higher the house edge, the more the risk of losing soon will be experience, and I would say it will just a matter of time before someone really lose his money in a luck based type of games, if you want to win in this game, go big and don't gamble longer.
Exactly, the chances of making a profit based on the luck game are very slim. Imagine, a lottery is a base of luck game, so the percentage of winning is very small and I think less than 1% chances of winning I guess will appropriate, how can you able to manage your money even the chances of winning don't know and hoping every day is your lucky day. I don't think there is gambling as a profession, how they can survive or sustain their capital in gambling since they don't have work.

Of course, that's why lottery is very profitable for the owners or the operators, but here's what will happen to you if you win, you will end up a winner because we are talking of millions here and you'll surely not gonna gamble that again as that's a life changing win.

Don't get me wrong though, I am talking about accounts having a profit but not that much of a money that they can live with it. It is just amazing that with years and years of them gambling, they still have a profit even though the chances of losing is high.

Exactly, people should always think in a different way when it comes to gambling, even though an experienced person cannot gamble continue and win it. A gambler will always gamble whether he wins or lose because based on his addictive to it, it is impossible for him to control his emotions towards gambling.
sr. member
Activity: 728
Merit: 317
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Sometimes luck depends for you to win and if you are unlucky you lose money.
That's an easy excuse if you are gambling trying to use your strategy, that would not help you, being realistic is what made you improve in gambling. Think of your mistakes and correct it, if you can't do that, you'll continue to lose money and convince yourselves that you lose because you are not lucky.

Gambling as profession does not depend on luck, but on consistency.
I think that in gambling as a profession there are many important factors and without a doubt consistency and work on error is one of the important ones, but it is not the only one. It is also important to strategize and be cold-blooded, for example.
hero member
Activity: 1554
Merit: 814
The Alliance Of Bitcointalk Translators - ENG>POR
Just curious here.
I know there are tons of way to live.

but is there such a thing as professional gamblers?

people who make a living onlyout of gambling (online or on rl)?

resources and comments on that are really welcome.
I am not an expert on this subject, but I believe that there are people who can live with gambling. Poker and other sports betting are one of them, for sure these types of people are smart and work thinking. Another point that I contrast is gambling is a business that moves billions of dollars around the world.
hero member
Activity: 2926
Merit: 636
Sometimes luck depends for you to win and if you are unlucky you lose money.
That's an easy excuse if you are gambling trying to use your strategy, that would not help you, being realistic is what made you improve in gambling. Think of your mistakes and correct it, if you can't do that, you'll continue to lose money and convince yourselves that you lose because you are not lucky.

Gambling as profession does not depend on luck, but on consistency.
hero member
Activity: 2912
Merit: 556
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That depends on how the player managed his balance. Maybe they found some strategy which is working to earn money from whatever games they are playing and placing their bets on.
Sometimes it's not just about luck. Most of the time you need to strategize.

That is just about luck. No strategy can work for the long term because the casino will not allow a gambler to win many times. If a gambler won many times and in a lot of money, the casino will suspicious, and they will try to check if something wrong happens. Perhaps, a gambler needs to have many strategies to try his luck to give him a chance to win. But luck is the important thing that a gambler needs to have, and we need to remember that luck will not always come to us.
sr. member
Activity: 1764
Merit: 260
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There are also gamblers that had a profit even they are playing for a long period of time in luck based games.





Don't get me wrong though, I am talking about accounts having a profit but not that much of a money that they can live with it. It is just amazing that with years and years of them gambling, they still have a profit even though the chances of losing is high.
That depends on how the player managed his balance. Maybe they found some strategy which is working to earn money from whatever games they are playing and placing their bets on.
Sometimes it's not just about luck. Most of the time you need to strategize.
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