Gambling as a profession: there's people who live out of gambling? - page 34.

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Quote from: Betwrong on November 03, 2019, 10:27:55 AM

Quote from: leea-1334 on November 01, 2019, 07:50:37 AM

Quote from: Betwrong on October 31, 2019, 03:52:29 AM

I play poker a lot, and I know that this game is not entirely based on luck. But I also watch a lot of poker related videos on YouTube, and from those videos I've learned that even the professional poker players, who are considered the best in the world, lose pretty frequently because of bad luck. That's why I wouldn't recommend this occupation as a profession to anyone, luck is too much of a factor in it.

Only if you play video poker, ...

That's not poker, because in video poker you don't have an option to bluff.

Quote from: leea-1334 on November 01, 2019, 07:50:37 AM

OR against the computer ...

Close, but still far from being real poker because poker bots can be easily outplayed by average poker players. (I'm not talking about AI poker bots, such as Libratus, because they cost millions, if not tens of millions, USD, and no gambling site can afford running them.)

Quote from: leea-1334 on November 01, 2019, 07:50:37 AM

or the dealer alone on the table!

This can perfectly be a real poker. I don't understand why you put all of them in the same sentence.

Quote from: leea-1334 on November 01, 2019, 07:50:37 AM

But I see a lot of pro poker players videos too and sometimes I wonder,,, why do they make such stupid moves? Like a guy I saw with a bluff, he kept going all in with some player who almost busted, and in the end he kept losing and giving all of his balance to the player who would have lost if he was just patient. Even pros are human;)

That's right, but have you, by any chance, wondered why did he lose all those all-ins? Bad luck, that's why. Imo he was doing the right thing going all-in all the time against a player who had much less chips than he did, but in the end he lost all his balance because of the bad luck. Luck is too much of a factor in poker to consider it as a profession.

Luck is the only factor. Gambling games highly depend on it. The output is too random and I is impossible to make correct guesses or get what is desired. Other than that, playing until everything is lost much not be the approach. Though gambling is fun but still, there should be some limit to it. Excess of any action becomes a trouble in the end. This way, gamblers also fall addict to this game.

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Quote from: michellee on November 04, 2019, 02:52:48 AM

Quote from: V1saya on November 03, 2019, 08:35:44 AM

It is hard to imagine someone depending on gambling income unless he or she owns the house. Professional poker players can possibly depend on gambling income but there is high chance that most of them have other sources of income. Some professional poker players are actually employed and sponsored by rich people. In real life I don't know someone dependent on gambling income except gambling owners. .

No, it's not hard to imagine because I believe that someone depends on gambling to make money. We can see a pro poker player, for example. He can win the poker game with his skill, including how he bluff other players. Or we can see some gamblers who place his money in sports betting. He should have a lot of information about each match so he can place the bet in every game and win those games. But that is not easy to do because if we want to try, we should have one or more places to find useful information that will support us to place the right bet.

Do you know someone that depends on gambling alone? Until then, I don't agree with you. Successful poker players are either rich already because they have business and other profession or they are employed by big gambling lords. It is easy to say but hard when you are already in that poker table. I have a friend who regularly plays poker and most of the time he goes home winning. But that friend is a rich businessman and he don't have to worry if in case he losses on his poker games.

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Quote from: LbtalkL on November 04, 2019, 04:18:02 AM

Perhaps there are people that considered gambling as a profession, they spend a lot of time with it they lost a lot of money and they also won a lot of money. If you won more than you lost you keep coming back right, They have already the experienced I think they already learned some tricks not to earn that much but at least to sustain or maintain small profit day by day and they have already self-discipline.

They don't just gamble without a long term vision, they are usually focus on long term and they plan to learn and develop their skills while they are gambling.

Also, this is depending from a certain gambler since every gambler has their own style and they have their own way on what type of gambling games they will focus and master, it could be sports betting or it could be poker, these are the only two games that I know which has no house edge, so its good for long term venture.

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Perhaps there are people that considered gambling as a profession, they spend a lot of time with it they lost a lot of money and they also won a lot of money. If you won more than you lost you keep coming back right, They have already the experienced I think they already learned some tricks not to earn that much but at least to sustain or maintain small profit day by day and they have already self-discipline.

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Quote from: wildan88 on November 04, 2019, 03:07:43 AM

I've tried living from gambling for the last few years, but it's difficult. because I get more losses than wins.

At least you tried, and actually I also tried and still trying, lol..

Gambling is define as an entertainment for the public since its not a kind of a job that everyone can do successfully.
In general, majority are still losers and only few are lucky to have the skills in winning, the journey that I am trying now is being a sports bettor, thus far, I have more loses than my wins but until I gave up, that's the only time I call it as a failure on my part.

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Quote from: maydna on November 02, 2019, 09:46:07 PM

Quote from: bitzizzix on November 02, 2019, 06:14:38 AM

Do not make gambling a permanent profession because it is slowly destroying your life in vain, but it is undeniable that many people make gambling a profession but can only enjoy the results of victory in a short time and finish it quickly too, and I experienced it that way and finally lost it all.
and those who only seek income from gambling as their profession will eventually switch professions after losing everything.

Hard to say that because many people who get in the gambling business will use gambling as their work. They will think that they can win someday, and they will hit the jackpot too because they see that some people can win big money from gambling. That will keep them from staying in the gambling place and play many gambling games.

That person will not realize the possibility for them to win because they only think about the win money and pretending they will be the winner. That will make them lose more and more money because they will not calculate how much money they will spend on gambling games.

I think it's only for professional gambling, they play regularly, from the capital and other calculations. so gambling becomes their passion, and they can survive from gambling. but for us, gambling is just entertainment because we don't spend a lot of money on it. I've tried living from gambling for the last few years, but it's difficult. because I get more losses than wins.

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Quote from: V1saya on November 03, 2019, 08:35:44 AM

It is hard to imagine someone depending on gambling income unless he or she owns the house. Professional poker players can possibly depend on gambling income but there is high chance that most of them have other sources of income. Some professional poker players are actually employed and sponsored by rich people. In real life I don't know someone dependent on gambling income except gambling owners. .

No, it's not hard to imagine because I believe that someone depends on gambling to make money. We can see a pro poker player, for example. He can win the poker game with his skill, including how he bluff other players. Or we can see some gamblers who place his money in sports betting. He should have a lot of information about each match so he can place the bet in every game and win those games. But that is not easy to do because if we want to try, we should have one or more places to find useful information that will support us to place the right bet.

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Quote from: bitzizzix on November 02, 2019, 06:14:38 AM

Do not make gambling a permanent profession because it is slowly destroying your life in vain, but it is undeniable that many people make gambling a profession but can only enjoy the results of victory in a short time and finish it quickly too, and I experienced it that way and finally lost it all.
and those who only seek income from gambling as their profession will eventually switch professions after losing everything.

Gambling is not for long term and those who get indulge in it over a period of time will lose their money . It is important for people to make it just for entertainment purpose and as a source of regular income which may just not happen always .

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Quote from: iamsheikhadil on November 03, 2019, 08:44:26 AM

Quote from: V1saya on November 03, 2019, 08:35:44 AM

It is hard to imagine someone depending on gambling income unless he or she owns the house. Professional poker players can possibly depend on gambling income but there is high chance that most of them have other sources of income. Some professional poker players are actually employed and sponsored by rich people. In real life I don't know someone dependent on gambling income except gambling owners. .

Well, even poker is a pure game of chances. The only happening I can see is of sports betting because that's the game where you can actually get the results correctly as it is purely a game of skill. Still risky but yeah.

Risk is part of every game you will have to face thus risk id you are gambling or betting but you will see the risk around you so we should try to overcome it. To use poker as a professional gambler. Dice is a good game but to bet on games I like to use cricket as its safe and easy to bet. It will take years for me to become a professional gambler but it's rest very profitable.

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Quote from: leea-1334 on November 01, 2019, 07:50:37 AM

Quote from: Betwrong on October 31, 2019, 03:52:29 AM

I play poker a lot, and I know that this game is not entirely based on luck. But I also watch a lot of poker related videos on YouTube, and from those videos I've learned that even the professional poker players, who are considered the best in the world, lose pretty frequently because of bad luck. That's why I wouldn't recommend this occupation as a profession to anyone, luck is too much of a factor in it.

Only if you play video poker, ...

That's not poker, because in video poker you don't have an option to bluff.

Quote from: leea-1334 on November 01, 2019, 07:50:37 AM

OR against the computer ...

Close, but still far from being real poker because poker bots can be easily outplayed by average poker players. (I'm not talking about AI poker bots, such as Libratus, because they cost millions, if not tens of millions, USD, and no gambling site can afford running them.)

Quote from: leea-1334 on November 01, 2019, 07:50:37 AM

or the dealer alone on the table!

This can perfectly be a real poker. I don't understand why you put all of them in the same sentence.

Quote from: leea-1334 on November 01, 2019, 07:50:37 AM

But I see a lot of pro poker players videos too and sometimes I wonder,,, why do they make such stupid moves? Like a guy I saw with a bluff, he kept going all in with some player who almost busted, and in the end he kept losing and giving all of his balance to the player who would have lost if he was just patient. Even pros are human;)

That's right, but have you, by any chance, wondered why did he lose all those all-ins? Bad luck, that's why. Imo he was doing the right thing going all-in all the time against a player who had much less chips than he did, but in the end he lost all his balance because of the bad luck. Luck is too much of a factor in poker to consider it as a profession.

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Quote from: V1saya on November 03, 2019, 08:35:44 AM

It is hard to imagine someone depending on gambling income unless he or she owns the house. Professional poker players can possibly depend on gambling income but there is high chance that most of them have other sources of income. Some professional poker players are actually employed and sponsored by rich people. In real life I don't know someone dependent on gambling income except gambling owners. .

Well, even poker is a pure game of chances. The only happening I can see is of sports betting because that's the game where you can actually get the results correctly as it is purely a game of skill. Still risky but yeah.

V1saya

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It is hard to imagine someone depending on gambling income unless he or she owns the house. Professional poker players can possibly depend on gambling income but there is high chance that most of them have other sources of income. Some professional poker players are actually employed and sponsored by rich people. In real life I don't know someone dependent on gambling income except gambling owners. .

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Quote from: bitzizzix on November 02, 2019, 06:14:38 AM

~

Yes there are some people that makes gambling their profession already but it will take so much capital in order for them to do it because not all the times, they will win.

For me, I see gambling only as a way of giving money to other people and to be honest that is how other gamblers that are losing feel. If a gambler double or triple their initial capital, sometimes they will become more greedy and will bet more until they lose. If you want to become professional gambler (if there is a term like that), you must know how to control yourself and always set a target profit.

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Quote from: Webetcoins on November 03, 2019, 05:59:29 AM

Quote from: bitzizzix on November 02, 2019, 06:14:38 AM

Do not make gambling a permanent profession because it is slowly destroying your life in vain, but it is undeniable that many people make gambling a profession but can only enjoy the results of victory in a short time and finish it quickly too, and I experienced it that way and finally lost it all.
and those who only seek income from gambling as their profession will eventually switch professions after losing everything.

I would suggest to not make it either a temporary profession because gambling is not a profession at the first place. It is just a game and that too the type which brings more frustration than entertainment. Instead of making gamblers happy, it leaves them with lifetime problems. The reason behind is the involvement of money. Gambling is a pure luck based game and cannot become a source of income at all.

Well gambling can actually be used as a profession, when one owns a casino. If they don't have money to own a casino, then they can invest in a casino's bank roll and that's the only way I can see someone using gambling as a profession. Instead of betting against casino, side with the casino and have the advantage of house edge

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Quote from: bitzizzix on November 02, 2019, 06:14:38 AM

Do not make gambling a permanent profession because it is slowly destroying your life in vain, but it is undeniable that many people make gambling a profession but can only enjoy the results of victory in a short time and finish it quickly too, and I experienced it that way and finally lost it all.
and those who only seek income from gambling as their profession will eventually switch professions after losing everything.

I would suggest to not make it either a temporary profession because gambling is not a profession at the first place. It is just a game and that too the type which brings more frustration than entertainment. Instead of making gamblers happy, it leaves them with lifetime problems. The reason behind is the involvement of money. Gambling is a pure luck based game and cannot become a source of income at all.

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Quote from: bitzizzix on November 02, 2019, 06:14:38 AM

Do not make gambling a permanent profession because it is slowly destroying your life in vain, but it is undeniable that many people make gambling a profession but can only enjoy the results of victory in a short time and finish it quickly too, and I experienced it that way and finally lost it all.
and those who only seek income from gambling as their profession will eventually switch professions after losing everything.

I agree to it completely because I have experienced it myself as when I used to think how I can make small bets everyday and I had 0.1 btc, so I used to bet at 98% win chance, taking everyday 0.001 btc ($10) which was enough for me. On the 12th day, I busted the entire 0.1 btc in a single bet. Hence, gambling is the worst way to income no matter how good a strategy is.

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Quote from: bitzizzix on November 02, 2019, 06:14:38 AM

Do not make gambling a permanent profession because it is slowly destroying your life in vain, but it is undeniable that many people make gambling a profession but can only enjoy the results of victory in a short time and finish it quickly too, and I experienced it that way and finally lost it all.
and those who only seek income from gambling as their profession will eventually switch professions after losing everything.

Hard to say that because many people who get in the gambling business will use gambling as their work. They will think that they can win someday, and they will hit the jackpot too because they see that some people can win big money from gambling. That will keep them from staying in the gambling place and play many gambling games.

That person will not realize the possibility for them to win because they only think about the win money and pretending they will be the winner. That will make them lose more and more money because they will not calculate how much money they will spend on gambling games.

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Do not make gambling a permanent profession because it is slowly destroying your life in vain, but it is undeniable that many people make gambling a profession but can only enjoy the results of victory in a short time and finish it quickly too, and I experienced it that way and finally lost it all.
and those who only seek income from gambling as their profession will eventually switch professions after losing everything.

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Of course my being alive or not forever. You need to be an expert in valuation, you have to be careful about how you invest your money, you have to be patient and not be greedy. It's not a bad way of life, but the nerves consumed earlier will make you die, it's much more stressful to resort to dice.

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Many years spent with the bookmaker have led us to perfection in some segments of the bookmaker. But best when kids are playing at a young age and already at the age of 20-5 they know a lot about bookmakers and become real masters. The simple experience gained from playing helps them know quite well that they are playing. And so one can live life somewhat, but not for long. No one can play and win forever.

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