Gambling as a profession: there's people who live out of gambling? - page 14.

FlightyPouch

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Quote from: freedomgo on January 10, 2021, 07:18:58 AM

Quote from: ReiMomo on January 09, 2021, 06:15:20 PM

Quote from: freedomgo on January 09, 2021, 06:07:31 PM

Quote from: FlightyPouch on January 09, 2021, 05:37:49 PM

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.

mirakal

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Quote from: ethereumhunter on January 10, 2021, 07:49:51 AM

Quote from: stadus on January 10, 2021, 07:17:21 AM

There's no strategy that could beat the house when you are playing a dice, the only way to beat the house is to cheat their system. Dice has a house edge, even at 1% or below, it's still an advantage and they will win in the long run, their formula to be successful is just to limit some bets so they're bankroll will stay alive.

If that so, we need to consider trying hard to play dice gambling because it will not be easy to win or beat the house. Maybe we can temporarily win that game, but in the long term, the casino will win big money, and that does not come from your money, but that will be from the other gamblers who lose big money. The formula or strategy itself will not work for the long term, and once our luck is gone, the strategy can not be used anymore.

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.

ethereumhunter

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Quote from: stadus on January 10, 2021, 07:17:21 AM

There's no strategy that could beat the house when you are playing a dice, the only way to beat the house is to cheat their system. Dice has a house edge, even at 1% or below, it's still an advantage and they will win in the long run, their formula to be successful is just to limit some bets so they're bankroll will stay alive.

If that so, we need to consider trying hard to play dice gambling because it will not be easy to win or beat the house. Maybe we can temporarily win that game, but in the long term, the casino will win big money, and that does not come from your money, but that will be from the other gamblers who lose big money. The formula or strategy itself will not work for the long term, and once our luck is gone, the strategy can not be used anymore.

jademaxsuy

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Quote from: freedomgo on January 10, 2021, 07:18:58 AM

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.

depending on the gambler. There are a thread here listing lottery winners with huge wins but still end up on huge debt. However, those people are a good example of being bad influence in their betting habit. They cannot resist but to bet and wanting to win more and then end up losing their winnings and not only that they made also big debts. So, we have to learn lessons from them. Who knows one day we might also win a lottery jackpot.

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Quote from: ReiMomo on January 09, 2021, 06:15:20 PM

Quote from: freedomgo on January 09, 2021, 06:07:31 PM

Quote from: FlightyPouch on January 09, 2021, 05:37:49 PM

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.

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Quote from: Becky666 on January 10, 2021, 07:04:19 AM

Quote from: FlightyPouch on January 10, 2021, 05:58:30 AM

Quote from: freedomgo on January 09, 2021, 06:07:31 PM

Quote from: FlightyPouch on January 09, 2021, 05:37:49 PM

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.

Well I am seeing a lot of accounts online with a lot of bet in their histories and their summaries have their profits on it. I don't know his entire gambling history but based on his account's history, he had a profit. It is dice game by the way.

But Dice game is one of the most difficult game to win in my honest opinion, this game has been my favorite but most time unable to win and among all am at loss presently base on my calculations, does those guys use any sort of AI to game the system or just luck as usual?

There's no strategy that could beat the house when you are playing a dice, the only way to beat the house is to cheat their system. Dice has a house edge, even at 1% or below, it's still an advantage and they will win in the long run, their formula to be successful is just to limit some bets so they're bankroll will stay alive.

Becky666

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Quote from: FlightyPouch on January 10, 2021, 05:58:30 AM

Quote from: freedomgo on January 09, 2021, 06:07:31 PM

Quote from: FlightyPouch on January 09, 2021, 05:37:49 PM

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.

Well I am seeing a lot of accounts online with a lot of bet in their histories and their summaries have their profits on it. I don't know his entire gambling history but based on his account's history, he had a profit. It is dice game by the way.

But Dice game is one of the most difficult game to win in my honest opinion, this game has been my favorite but most time unable to win and among all am at loss presently base on my calculations, does those guys use any sort of AI to game the system or just luck as usual?

FlightyPouch

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Quote from: freedomgo on January 09, 2021, 06:07:31 PM

Quote from: FlightyPouch on January 09, 2021, 05:37:49 PM

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.

Well I am seeing a lot of accounts online with a lot of bet in their histories and their summaries have their profits on it. I don't know his entire gambling history but based on his account's history, he had a profit. It is dice game by the way.

Janation

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Quote from: judeafante on January 05, 2021, 08:48:43 AM

Quote from: Janation on January 04, 2021, 10:28:36 PM

Most of the casual gamblers and addicted gamblers kept on going in and out of casinos or gambling sites and usually brag about their wins. Most of those people that actually win are those hiding their wins and strategies from the public. We mostly know those gamblers when they join professional tournaments we can usually watch online or live.

That is why I don't believe in people here who are selling their secrets or exploits on the gambling sites where they claimed they are winning up to 100 Bitcoin, if they are really winning they need not sell their secret and just keep the secret and go on winning until they are filthy rich it just don't make sense.

That is so true.

I know that there are a lot of people that want to help or share their strategies but there are some that might really doing those things for their own gain. For them to be able to earn some merit or money but not really help those people. And maybe even they knew other strats but they are not telling it to people.

Mauser

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Quote from: maydna on January 09, 2021, 09:45:45 PM

Perhaps, there will be people who play gambling because of fun, and that people can have good control over themselves, and they see that they have a chance to make money from gambling. So they decide to learn more about the game and practicing what they got while they can enjoy the process of learning. And as time goes, his analysis, skills, and everything that a pro gambler should have are in themselves, that will be the way for them to be the pro gambler.

I believe that will really happen out there, but we can't find them because people will not tell others about their occupation, how they make money, and how they can have good control over themselves. They will not share their knowledge with others if they don't believe them.

I agree with you, you probably have to be good friends with a person in real life for him to tell you how he makes his money. And for someone who makes his living of gambling he won't probably tell us his tricks and strategy. But the Internet is anonymous so maybe people are a bit more willing to speak openly. However, we won't be able to verify most of it.

maydna

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Quote from: Jemzx00 on January 08, 2021, 02:20:27 PM

Quote from: maydna on January 07, 2021, 09:47:52 PM

~snip~

Having control over yourself is one of the key aspect that every gambler should have so that you can play safe on every bets you made but gambling just for fun and gambling as profession can be rarely be connected as you should have enough knowledge and analyze the platform when gambling professionally and not be careless. But if you enjoy the process of analyzing the pattern and inconsistencies of the platform then gambling professionally while having fun is suited for you.

Perhaps, there will be people who play gambling because of fun, and that people can have good control over themselves, and they see that they have a chance to make money from gambling. So they decide to learn more about the game and practicing what they got while they can enjoy the process of learning. And as time goes, his analysis, skills, and everything that a pro gambler should have are in themselves, that will be the way for them to be the pro gambler.

I believe that will really happen out there, but we can't find them because people will not tell others about their occupation, how they make money, and how they can have good control over themselves. They will not share their knowledge with others if they don't believe them.

Shasha80

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Quote from: ReiMomo on January 09, 2021, 06:15:20 PM

Quote from: freedomgo on January 09, 2021, 06:07:31 PM

Quote from: FlightyPouch on January 09, 2021, 05:37:49 PM

~ snip ~

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.

I agree why gambling cannot be a profession, because as we all know gambling requires luck to win. And the problem is that it is impossible for us
to get lucky every day, even though I know there are gambling games that do require skills. But still it doesn't make sense to make gambling
a profession, even from the many articles that I read. Most people can beat casinos in the long run through cheating. Because if we play honestly
it is very difficult to win, because the system created by the casino is to make gamblers lose a lot. Therefore, make gambling as entertainment only.

boyptc

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Quote from: Mahanton on January 09, 2021, 05:24:11 PM

Quote from: boyptc on January 09, 2021, 05:15:45 PM

Quote from: ?? on ??

I would never think of that as a gambler, I always think of winning and having fun at the same time. Thing is, if we think it's just a pure entertainment, we will not be eager to win and we will just spend our money to enjoy even if we will lose in the end, some maybe are doing that but not me.

If that's the thinking, you'll not that be much hurt when you lose. And that can be an acceptable feeling when you play like that.

It's better thinking if everybody is like that. But professionals are professionals and those gamblers are serious with every result that they're expecting. It's good to be in the middle of it while having fun.

You cant say that those professionals aren't making fun while they do gamble, of course they do but the difference here is that they are following their own gambling ways
or strategies to make themselves profitable in the end of the day so its just normal to see that seriousness that they do had.They do need to make money out of that game.
So we cant really say that they aren't enjoying the game too even though theres a little difference compared to those who do really just play for pure entertainment.
There are people who do really live out with gambling, sounds impossible but there are people who do made it to become sustainable.

I'm not saying that they're not having fun. I'm only saying that they are serious with the results so it is that they're also having fun while looking forward to a positive result.

They have their own style and strategy as you've said to get serious to have a good result and to have fun.

ReiMomo

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Quote from: freedomgo on January 09, 2021, 06:07:31 PM

Quote from: FlightyPouch on January 09, 2021, 05:37:49 PM

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.

jademaxsuy

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Quote from: freedomgo on January 09, 2021, 06:07:31 PM

Quote from: FlightyPouch on January 09, 2021, 05:37:49 PM

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.

Good advise, I have always play in gambling shorter period of time and only get to a one time bet. Win or lose I will go home directly but it will all depend on the game. Sometimes I need to play more just to enjoy the game and not to get winnings. I love and gets motivated when I win and also feels the opposite when gets lose. However, winning is a motivation that keeps me on betting and to enjoy the game. I have been into platform too with high house edge and I was betting their for long time just to make a win. I think that was 1 win over 10 losses betting in a roulete. After I win I go offline.

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Quote from: FlightyPouch on January 09, 2021, 05:37:49 PM

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.

FlightyPouch

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Quote from: Questat on January 07, 2021, 03:07:16 AM

Quote from: LogitechMouse on January 07, 2021, 02:45:47 AM

Whether it is sports betting or casino games, constant profit from them in the long run is almost impossible.

I really don't think so, maybe other type of games but games that you can use your skills like sports betting, I think you can be profitable in the long run, achieved a win rate of 60% and you'll be profitable, just know how to manage your bankroll properly.

That is so true. I think it can't be that profitable but at the end of the day you can still be having a profit if you can manage well your funds. That is achievable on both luck based games and skill based games but more probable in skill based games. There are also gamblers that had a profit even they are playing for a long period of time in luck based games.

Mahanton

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Quote from: boyptc on January 09, 2021, 05:15:45 PM

Quote from: ?? on ??

I would never think of that as a gambler, I always think of winning and having fun at the same time. Thing is, if we think it's just a pure entertainment, we will not be eager to win and we will just spend our money to enjoy even if we will lose in the end, some maybe are doing that but not me.

If that's the thinking, you'll not that be much hurt when you lose. And that can be an acceptable feeling when you play like that.

It's better thinking if everybody is like that. But professionals are professionals and those gamblers are serious with every result that they're expecting. It's good to be in the middle of it while having fun.

You cant say that those professionals aren't making fun while they do gamble, of course they do but the difference here is that they are following their own gambling ways
or strategies to make themselves profitable in the end of the day so its just normal to see that seriousness that they do had.They do need to make money out of that game.
So we cant really say that they aren't enjoying the game too even though theres a little difference compared to those who do really just play for pure entertainment.
There are people who do really live out with gambling, sounds impossible but there are people who do made it to become sustainable.

boyptc

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Quote from: ?? on ??

I would never think of that as a gambler, I always think of winning and having fun at the same time. Thing is, if we think it's just a pure entertainment, we will not be eager to win and we will just spend our money to enjoy even if we will lose in the end, some maybe are doing that but not me.

If that's the thinking, you'll not that be much hurt when you lose. And that can be an acceptable feeling when you play like that.

It's better thinking if everybody is like that. But professionals are professionals and those gamblers are serious with every result that they're expecting. It's good to be in the middle of it while having fun.

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Quote from: ?? on ??

Quote from: Betwrong on January 08, 2021, 07:23:11 AM

Quote from: tyz on January 07, 2021, 04:45:13 PM

The thing is, all I'm putting in is money that I really don't need. That means, the money for life and my fixed savings rate is already factored out. The money that I lose (although I often win more than I lose, especially when betting), I book under having fun. Of course you can later think, oh what money could I have saved if I hadn't used it for gambling. But as I said, it was used to have fun. Just like when you go to the cinema or the disco. In the end you don't ask yourself what I could have saved if I had never gone to the cinema or the disco.

This is the best approach to gambling, imo, and I'm using it too. There are people, film critics, who are paid for watching movies, but this profession is very rare, and it's safe to say that 99.99% of us, regular movie goers watch films for entertainment purposes, not to earn money with that. And that's how I see professional gamblers, they are like those film critics, people of very rare occupation. For us, regular folks, it's pretty stupid to think that we can be like them.

I would never think of that as a gambler, I always think of winning and having fun at the same time. Thing is, if we think it's just a pure entertainment, we will not be eager to win and we will just spend our money to enjoy even if we will lose in the end, some maybe are doing that but not me.

The probability of your winning a bet is the same, regardless of whether you want to earn money with it or just to have fun. So, this approach, when you just want to be entertained, doesn't affect your gambling stats in a negative way.

Of course everyone of us gamblers wants to win, but there is a difference between our goals: we, regular gamblers, aim at winning $10-$20 to spend it the same day on beer or whatever, while pro gamblers want to win much more, and they have to take much bigger risks for that.

Topic: Gambling as a profession: there's people who live out of gambling? - page 14. (Read 6976 times)