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Topic: Gambling as a profession: there's people who live out of gambling? - page 18. (Read 6976 times)

hero member
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For some, they consider gambling as a profession since this is their main source of income. This is what they do professionally, or their bread and butter. However, only few gamblers can keep a living out of gambling due to it's risk. People who makes gambling as a means to leave might have luck on their side most of the time. I do believe that there are people who are born lucky in terms of gambling and there are some who are not meant to gamble.
This just like to be in trading, not all had come into trading have a successful end, some make this as a main source of income because they know themselves being passionate enough and it really works for them.

Gambling is a 50/50 winning game of life, will that to say that most had suffered losses than those who win but there are some people who are truly lucky in gambling and give them the money to live. I respect their decision actually, we know it is really hard but that is the way they appreciate gambling and happily live in this environment and survive.
legendary
Activity: 2478
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Leading Crypto Sports Betting & Casino Platform
Not good ideas to make gambling is your passion because very bad impact with your money management, gambling is not always guarantee winning for you because many people loss all their assets after know with gambling. Before late left gambling and control your emotion with playing small amount for gambling, I think you know what bad impact if you make gambling as your profession because later almost what do you have will sell to gambling.

If we ignore the owners of casinos, then I know only a few categories of players who have made it their profession and have a regular income here. The first category is bonus hunters - if you are quick enough, you can "recoup" a part of the bonus, even taking into account the conditions that the casino puts forward for its withdrawal. And the second category is loophole seekers - this category is very close to fraud, but it is not, since mistakes on the part of the casino are their problem.
sr. member
Activity: 2100
Merit: 309
Not good ideas to make gambling is your passion because very bad impact with your money management, gambling is not always guarantee winning for you because many people loss all their assets after know with gambling. Before late left gambling and control your emotion with playing small amount for gambling, I think you know what bad impact if you make gambling as your profession because later almost what do you have will sell to gambling.
full member
Activity: 1708
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So far I have known many gamblers in the real world but have yet to find a single one of them who continues to live a life of the rewards they get from gambling. Most of the people I know have real jobs where they can earn a monthly or daily salary and they spend part of their money on gambling.

Basically, people might disagree if it is said that the habit of gambling is called a profession. Gambling is not a job and in my opinion it is not a job category at all and is entirely a game. The OP may have to distinguish between work and gambling. Someone who likes this game is called a gambler, they don't work but they play various games for different purposes.

For some, they consider gambling as a profession since this is their main source of income. This is what they do professionally, or their bread and butter. However, only few gamblers can keep a living out of gambling due to it's risk. People who makes gambling as a means to leave might have luck on their side most of the time. I do believe that there are people who are born lucky in terms of gambling and there are some who are not meant to gamble.
legendary
Activity: 2618
Merit: 1181
So far I have known many gamblers in the real world but have yet to find a single one of them who continues to live a life of the rewards they get from gambling. Most of the people I know have real jobs where they can earn a monthly or daily salary and they spend part of their money on gambling.

Basically, people might disagree if it is said that the habit of gambling is called a profession. Gambling is not a job and in my opinion it is not a job category at all and is entirely a game. The OP may have to distinguish between work and gambling. Someone who likes this game is called a gambler, they don't work but they play various games for different purposes.
hero member
Activity: 2912
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Leading Crypto Sports Betting & Casino Platform
Millions of people gamble each day and there would definitely be people who solely live on gambling income but I think the amount of such people will be very few.
It would be very hard for people to live on gambling income though. The income would be very unstable as some day we win and the other days we lose.
Unstable income is quite risky to depend on.
Exactly. I think those "very few" people you refer to are just the ones who are skilled and consider themselves professional or just those who have tons of money that they can afford to lose. Gambling always involves risks. And you never know if you'll go big or go home. You know what they say, better safe than sorry.

But those people will not tell the others that they can make money from gambling because what they did was not to be followed by the others. Yes, playing gambling has risks, and you should not take those risks to lose the money in the gambling table. It is better to play safe than to use more money that can make you lose in the end.
legendary
Activity: 3248
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I guess focusing in sports betting is just the right thing to do, at least you can just stay at home, study the games and analyze it, very fit for the current set up under the covid-19 pandemic.

I would add playing poker to that; playing and, of course, studying how the best current pros are doing it. I'm watching channels like World Poker Tour, partypokerTV and PokerStars on a regular basis, and it works for me. It's really entertaining to learn something from the best, and then apply it in practice. But the keyword is "entertaining" here. I'm not planning to make my living from playing poker. Although I consider poker the most skill based game around, there's still too much luck involved to rely on it as a source of income.

It really depends on how you treat gambling or a certain game, if you don't like to venture on a higher risk, then treating it as an entertainment is more than enough to enjoy and be thrilled in gambling. Poker, yes it's a skilled based games but I think sports betting is easier.

I feel that I don't have good gambling skills, making gambling as entertainment is more than enough. I also agree with you that sports
betting is indeed easier than poker games, where Poker does require skill to win. Therefore, currently in a pandemic situation and I'm doing
many activities at home, it is most suitable for me to focus on sports betting. Besides being able to entertain, I can get additional income
if I'm lucky that the betting results are correct.

At least you are honest with yourself, that way you'll not think of risking a big amount of money in gambling, and less expectation of winning from you since your real purpose is just to win, win some and lose some, that's a typical gambler and most of us belong to that.
sr. member
Activity: 1036
Merit: 294
Millions of people gamble each day and there would definitely be people who solely live on gambling income but I think the amount of such people will be very few.
It would be very hard for people to live on gambling income though. The income would be very unstable as some day we win and the other days we lose.
Unstable income is quite risky to depend on.
Exactly. I think those "very few" people you refer to are just the ones who are skilled and consider themselves professional or just those who have tons of money that they can afford to lose. Gambling always involves risks. And you never know if you'll go big or go home. You know what they say, better safe than sorry.
hero member
Activity: 1722
Merit: 528
Millions of people gamble each day and there would definitely be people who solely live on gambling income but I think the amount of such people will be very few.
It would be very hard for people to live on gambling income though. The income would be very unstable as some day we win and the other days we lose.
Unstable income is quite risky to depend on.
Yeah it's very difficult to find someone who used to feed solely on gambling as a source of income, but there are some that have proved exceptional from this list https://www.bestuscasinos.org/blog/10-most-successful-gamblers-in-history/. Although it's very hard to make profit in gambling world but there are those who have the necessary skills for this industry and they are making cool funds from their skills here.
People in that list also can be considered as most luckiest one, and we can see that some people had other profession before entering into gambling so once they made huge profits they saved enough for their survival and started betting with the remaining but still they kept winning more amount than they lost.

No, most of these people ain't lucky.

They are the real deal. If you will be reading the article, they won a lot of money from gambling that even the first one developed strategies that the casino banned which means it is very successful. Some of them are lucky as there is a player that didn't count but won $15M on Blackjack. MIT blackjack team seems legend to me.
full member
Activity: 1134
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I think although you have professional label with your gambling there are not guarantee always win when begin gambling, there are only broker could take much profit from gambling game and we always loss when beginning gambling. Should have one way for betting waiting when best time give us lucky because gambling is the way to know lucky or not to get win. Maybe when have chance with lucky we can begin gambling and try with higher amount but if not never wanna try.
The professional gambler loses their money in gambling, but their chance to recover their losses will be bigger than the regular gambler because they have a requirement to make money from gambling. But yes, the broker will take much profit from gambling, whether it is a professional gambler or a regular gambler, because the gambling will give the biggest profit to the owner. There is no way for us to know when our luck will come because that is the biggest mystery we do not know.

What difference does it make if anyone is playing gambling professionally and the other person is playing causally for fun. Since gambling is only luck based, even a professional gambler will not grantee that he will win and end up in profit. The only thing which a professional gambler can do is to manage money in a better way but winning does not depend upon skills.
hero member
Activity: 2604
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I think although you have professional label with your gambling there are not guarantee always win when begin gambling, there are only broker could take much profit from gambling game and we always loss when beginning gambling. Should have one way for betting waiting when best time give us lucky because gambling is the way to know lucky or not to get win. Maybe when have chance with lucky we can begin gambling and try with higher amount but if not never wanna try.
The professional gambler loses their money in gambling, but their chance to recover their losses will be bigger than the regular gambler because they have a requirement to make money from gambling. But yes, the broker will take much profit from gambling, whether it is a professional gambler or a regular gambler, because the gambling will give the biggest profit to the owner. There is no way for us to know when our luck will come because that is the biggest mystery we do not know.
legendary
Activity: 2478
Merit: 1951
Leading Crypto Sports Betting & Casino Platform
The funny fact is that, given that there are millions of active gamblers in the world, some of them win almost always (and some almost always lose). I wonder how this affects the human psyche when he wins, for example, 100 times in a row. It is unlikely that there is an understanding that this is just a mathematical fluctuation in a large sample. Probably a person begins to consider himself a prophet, etc. but once the winning streak ends  Cheesy

100x in a row? Even in dreams this thing wont really happen even putting up the odds to 99% multiplier then it isnt possible for it to happen.
People who do make out profits  are to those people who do get involved with gambling games which do solely focused on strategic based type of games.
Of course, gambling do have more lossers than to those winners because this industry wont really be profitable if there are more winners than losers.
For people who do make a living with it then they are lucky enough and experienced and knowledgeable enough and not all would able to do this.

This is a mathematical fact. Let's speculate:
On average, in order for us to have one winner and one loser, we need 2 people who bet on the event with an approximate probability of 50%.
If we are considering a series of bets (two), then we need 4 people already. On average, one person will have a result of 11, the second 10, the third 01, the fourth 00.
In order to "find" a person with 100 wins in a row, we need unimaginable number of players 2^100  Grin
But as the odds increase, the number of players required drops to real values. And by the way, with 99% chances, one player and a long series of bets are enough.
legendary
Activity: 3108
Merit: 1290
Leading Crypto Sports Betting & Casino Platform
Millions of people gamble each day and there would definitely be people who solely live on gambling income but I think the amount of such people will be very few.
It would be very hard for people to live on gambling income though. The income would be very unstable as some day we win and the other days we lose.
Unstable income is quite risky to depend on.

The funny fact is that, given that there are millions of active gamblers in the world, some of them win almost always (and some almost always lose). I wonder how this affects the human psyche when he wins, for example, 100 times in a row. It is unlikely that there is an understanding that this is just a mathematical fluctuation in a large sample. Probably a person begins to consider himself a prophet, etc. but once the winning streak ends  Cheesy

100x in a row? Even in dreams this thing wont really happen even putting up the odds to 99% multiplier then it isnt possible for it to happen.
People who do make out profits  are to those people who do get involved with gambling games which do solely focused on strategic based type of games.
Of course, gambling do have more lossers than to those winners because this industry wont really be profitable if there are more winners than losers.
For people who do make a living with it then they are lucky enough and experienced and knowledgeable enough and not all would able to do this.

I'd be happy to win 10th in a row, 100 in a row is just impossible, even a losing streak, it's almost impossible. Let's get more realistic, winning and losing, that's normal, I guess what's necessary here is we win most of the time or we win more than we lose so at the end of our journey it will result to a good profit.
legendary
Activity: 3122
Merit: 1140
Millions of people gamble each day and there would definitely be people who solely live on gambling income but I think the amount of such people will be very few.
It would be very hard for people to live on gambling income though. The income would be very unstable as some day we win and the other days we lose.
Unstable income is quite risky to depend on.

The funny fact is that, given that there are millions of active gamblers in the world, some of them win almost always (and some almost always lose). I wonder how this affects the human psyche when he wins, for example, 100 times in a row. It is unlikely that there is an understanding that this is just a mathematical fluctuation in a large sample. Probably a person begins to consider himself a prophet, etc. but once the winning streak ends  Cheesy

100x in a row? Even in dreams this thing wont really happen even putting up the odds to 99% multiplier then it isnt possible for it to happen.
People who do make out profits  are to those people who do get involved with gambling games which do solely focused on strategic based type of games.
Of course, gambling do have more lossers than to those winners because this industry wont really be profitable if there are more winners than losers.
For people who do make a living with it then they are lucky enough and experienced and knowledgeable enough and not all would able to do this.
legendary
Activity: 2478
Merit: 1951
Leading Crypto Sports Betting & Casino Platform
Millions of people gamble each day and there would definitely be people who solely live on gambling income but I think the amount of such people will be very few.
It would be very hard for people to live on gambling income though. The income would be very unstable as some day we win and the other days we lose.
Unstable income is quite risky to depend on.

The funny fact is that, given that there are millions of active gamblers in the world, some of them win almost always (and some almost always lose). I wonder how this affects the human psyche when he wins, for example, 100 times in a row. It is unlikely that there is an understanding that this is just a mathematical fluctuation in a large sample. Probably a person begins to consider himself a prophet, etc. but once the winning streak ends  Cheesy
hero member
Activity: 1834
Merit: 566
People in that list also can be considered as most luckiest one, and we can see that some people had other profession before entering into gambling so once they made huge profits they saved enough for their survival and started betting with the remaining but still they kept winning more amount than they lost.
You can consider the people in the list as the most luckiest gamblers since luck is needed to win every stake but I see them as the most hard working gamblers because they were able to fetch out a strategy that makes the won an outstanding amount in history which make people see them as the most successful gamblers.
Having said that, there are people who still live out of gambling though.
hero member
Activity: 3024
Merit: 680
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I don't understand how anyone can live out of gambling
You can use search engines to look for those people that have made it through gambling. A lot of lives were made out of it and professional people used it as a source of income.
That is why they're called professional gamblers.
And the beautiful thing that has happened to most of these professional gamblers is: almost all of them went bankrupt at the end of their lives. Some of us just love reading some part of stories than read the tale end of such stories, even in my dear country many of them i knew went down their lives to bankrupt and end up to commit suicide.
I can't say that almost all of them.

There were gamblers that have lived in better ways and didn't waste the money that they've won through their career. It is true that some of them don't know how to finance themselves.

But some are good at managing and budgeting their money.
sr. member
Activity: 2520
Merit: 280
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Millions of people gamble each day and there would definitely be people who solely live on gambling income but I think the amount of such people will be very few.
It would be very hard for people to live on gambling income though. The income would be very unstable as some day we win and the other days we lose.
Unstable income is quite risky to depend on.
Yeah it's very difficult to find someone who used to feed solely on gambling as a source of income, but there are some that have proved exceptional from this list https://www.bestuscasinos.org/blog/10-most-successful-gamblers-in-history/. Although it's very hard to make profit in gambling world but there are those who have the necessary skills for this industry and they are making cool funds from their skills here.
People in that list also can be considered as most luckiest one, and we can see that some people had other profession before entering into gambling so once they made huge profits they saved enough for their survival and started betting with the remaining but still they kept winning more amount than they lost.
hero member
Activity: 1498
Merit: 586
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I guess focusing in sports betting is just the right thing to do, at least you can just stay at home, study the games and analyze it, very fit for the current set up under the covid-19 pandemic.

I feel that I don't have good gambling skills, making gambling as entertainment is more than enough. I also agree with you that sports
betting is indeed easier than poker games, where Poker does require skill to win. Therefore, currently in a pandemic situation and I'm doing
many activities at home, it is most suitable for me to focus on sports betting. Besides being able to entertain, I can get additional income
if I'm lucky that the betting results are correct.

I bet that every new gambler feel the same way as what you have feel mate but how can we make a progress in gambling if we wouldn't tried it right. And yeah, gambling were supposed to be done enjoyable and entertaining rather than take it very seriously aiming to get a profit easily because this isn't follow what your will was if it isn't your luck then it couldn't be yours. However there are some people also that i guess gambling was meant for them because they easily learned the tactics that fit on them and some are just born with luck on their body i guess.
hero member
Activity: 2702
Merit: 716
Nothing lasts forever
Millions of people gamble each day and there would definitely be people who solely live on gambling income but I think the amount of such people will be very few.
It would be very hard for people to live on gambling income though. The income would be very unstable as some day we win and the other days we lose.
Unstable income is quite risky to depend on.
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