Gambling as a profession: there's people who live out of gambling? - page 37.

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Quote from: Finestream on October 28, 2019, 08:11:10 AM

Quote from: KrisAlex18 on October 28, 2019, 07:37:40 AM

Well i think there are some people out there that is because they have luck and skill in gambling maybe they are the one that take gambling as their living but i personally dont know one, the only i know is that person's who take gambling seriously and rely on it and now their life is in mess, so i think gambling is not for living.

Its not recommended to consider it as a source of income due to the fact that majority will just fail in the long run.
Though it's not impossible to actually consider as your job or your means of living but the difficulty is very high and only few are really successful doing it.

We don't need to force ourselves to follow the successful gamblers if we know we don't possess the skills, forget about luck because most likely we have equal luck but skills will result to consistency, so if we don't have that, we will never be consistent in making profit in gambling.

Will get the lesson from the last sentences. Other people's luck may not means will come to us too. Maybe if they are success, we just keep to see them and learn more about skill and maybe it can help us in future. But to force us to be like them, i don't think it can easily happen. In trading, gambling or anything else, each people will have their own way to earn money.

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Quote from: zidanw on October 28, 2019, 07:56:55 AM

Quote from: Landak on October 28, 2019, 07:50:49 AM

I think I live from gambling. There was a time when gambling became a source of my income, hmmm and though sometimes there was a time when I got money outside gambling to buy food and drinks and sleep. Well, if the percentage of my life from gambling is around 65% and the remaining 35% gets money from outside the gambling area.
I am not a professional who always gets profit every time playing gambling, but I feel my soul comes from gambling lol.
so it's very possible if there is someone who is serious about his life from gambling.

Is this really true that someone is able to make a living from gambling? I think it is a bit strange because I myself when so active in gambling felt there was no calm because I always thought "Will I win or lose every day" and make a burden. Control of lust when gambling from humans is very difficult because several times I myself also play with defeat due to lust. how do you handle it? Grin

Really true. I am not lying.
playing with small capital and every profit even though the profit is not much, I deposit the profit into a vault. (I play gambling on primedice and stake)
there are times when I can't control my lust, I feel it too just same like you. just be consistent with how you bet and control your capital.
please remember, that my life is not entirely from gambling.

Quote from: Landak on October 28, 2019, 07:50:49 AM

-snip-
the percentage of my life from gambling is around 65%....
I am not a professional who always gets profit every time playing gambling....

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Quote from: KrisAlex18 on October 28, 2019, 07:37:40 AM

Well i think there are some people out there that is because they have luck and skill in gambling maybe they are the one that take gambling as their living but i personally dont know one, the only i know is that person's who take gambling seriously and rely on it and now their life is in mess, so i think gambling is not for living.

Its not recommended to consider it as a source of income due to the fact that majority will just fail in the long run.
Though it's not impossible to actually consider as your job or your means of living but the difficulty is very high and only few are really successful doing it.

We don't need to force ourselves to follow the successful gamblers if we know we don't possess the skills, forget about luck because most likely we have equal luck but skills will result to consistency, so if we don't have that, we will never be consistent in making profit in gambling.

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Quote from: Landak on October 28, 2019, 07:50:49 AM

I think I live from gambling. There was a time when gambling became a source of my income, hmmm and though sometimes there was a time when I got money outside gambling to buy food and drinks and sleep. Well, if the percentage of my life from gambling is around 65% and the remaining 35% gets money from outside the gambling area.
I am not a professional who always gets profit every time playing gambling, but I feel my soul comes from gambling lol.
so it's very possible if there is someone who is serious about his life from gambling.

Is this really true that someone is able to make a living from gambling? I think it is a bit strange because I myself when so active in gambling felt there was no calm because I always thought "Will I win or lose every day" and make a burden. Control of lust when gambling from humans is very difficult because several times I myself also play with defeat due to lust. how do you handle it? Grin

Landak

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I think I live from gambling. There was a time when gambling became a source of my income, hmmm and though sometimes there was a time when I got money outside gambling to buy food and drinks and sleep. Well, if the percentage of my life from gambling is around 65% and the remaining 35% gets money from outside the gambling area.
I am not a professional who always gets profit every time playing gambling, but I feel my soul comes from gambling lol.
so it's very possible if there is someone who is serious about his life from gambling.

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Well i think there are some people out there that is because they have luck and skill in gambling maybe they are the one that take gambling as their living but i personally dont know one, the only i know is that person's who take gambling seriously and rely on it and now their life is in mess, so i think gambling is not for living.

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Quote from: Sithara007 on October 27, 2019, 11:56:03 PM

I am not sure how gambling can be taken up as a profession. Gambling is something that is purely dependent on luck. Also, you need to remember that there is a house advantage, which lowers your chances of a win. That means that even if you go for a 2x bet, the chances of your win is not 50%. After implementing the house advantage, it can get to anywhere from 45% to 49%. And that means that in the long term, you are likely to lose money. If you bet 100 times, then the chances are that you may win 45 to 49 times and may lose 51 to 55 times. In the end, you will be left with a monetary loss.

It applies for non pure luck based game such as poker and sports betting where gamblers are able to use some knowledge, analysis to gamble. It is proven already that there are many professional poker players who use poker as one of their main source of income. In this situation, those poker players are using gambling as a profession.
It wont apply to any games which is luck based game such as dice, slots, roulette, etc because gamblers wont be able to push their luck by using strategy or knowledge or even skills. So gambling such kind of game should be used for fun purpose only instead of profession.

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Quote from: Eugenar on October 23, 2019, 04:09:41 AM

For me, living a life through gambling isn't possible. But it depends upon the platform where gamblers bet. Mostly a trick can be catch by those gamblers that is too observant on the other hand, there are those gambling platforms that have a really fair systems. But for a person to trust his life with a 50/50 chance isn't good. they still need another income if bad fate happens.

I think for people who cannot gamble with the right will feel the same. They will not believe that making a living from gambling is possible because they cannot win many times in gambling. Besides that, they will prefer to do another thing that will give them money than doing gambling. Maybe they gamble but not using gambling as their source income because they know that if they do that, they will lose all the money before they can win.

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Quote from: Eugenar on October 23, 2019, 04:09:41 AM

For me, living a life through gambling isn't possible. But it depends upon the platform where gamblers bet. Mostly a trick can be catch by those gamblers that is too observant on the other hand, there are those gambling platforms that have a really fair systems. But for a person to trust his life with a 50/50 chance isn't good. they still need another income if bad fate happens.

Out of 1000, I think only few or very less people could make a living out of gambling and can survive just based on the money earned from gambling. Else it is not at all advisable to be dependent on the gambling money because in a day or two people can lose their earned money if they are too addictive to it.

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I am not sure how gambling can be taken up as a profession. Gambling is something that is purely dependent on luck. Also, you need to remember that there is a house advantage, which lowers your chances of a win. That means that even if you go for a 2x bet, the chances of your win is not 50%. After implementing the house advantage, it can get to anywhere from 45% to 49%. And that means that in the long term, you are likely to lose money. If you bet 100 times, then the chances are that you may win 45 to 49 times and may lose 51 to 55 times. In the end, you will be left with a monetary loss.

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Well maybe there are some people that are lucky when it comes to gambling or maybe because they are too smart to think on how they will survive through gambling, well i dont exactly know one but maybe there and im sure it is limited. But in the first place gambling as a profession? I think it is a big risk to decide, if someone confidently take gambling as a profession knowing that he/she is not that lucky and skill enough to succeed then it's life will be a mess and you cant ensure your future with it. Maybe what im referring that become successful through gambling is that the people who runs a casino or gambling place maybe that's more possible.

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Quote from: oktana on October 27, 2019, 04:22:36 PM

I have discussed with several big gamblers several times, it is true that they have almost no other business and consider this a profession.

they have been rich from the start and gambled every day just to warm up by gathering a small profit estimate. they are not as complicated as imagined because they only practice for bigger targets in monthly tournaments, in a month it can be 2-3x special events. Their principle is only one, a strong belief to at least enter the top 5 winners.

So that's what most of them are aiming whenever they will enter huge prize tournaments? that principle isn't so high but it seems stable if they will only aim for that goal. About the small daily profits that they do, I think that from that kind of strategy, they really are very disciplined as a gambler making it as their entire career.

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Quote from: oktana on October 27, 2019, 04:22:36 PM

I have discussed with several big gamblers several times, it is true that they have almost no other business and consider this a profession.

they have been rich from the start and gambled every day just to warm up by gathering a small profit estimate. they are not as complicated as imagined because they only practice for bigger targets in monthly tournaments, in a month it can be 2-3x special events. Their principle is only one, a strong belief to at least enter the top 5 winners.

This isn't a success story that what most gamblers like to see, they want to see a gambler who start from nothing and end up being something.
Usually rich people are just smart enough that they know how to manage the risk and focus on what they are doing.

If they are making money in gambling, they will ensure that they will maximize their profit as they already have the consistency but at the same time they are also very discipline to always stick with the game plan.

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Quote from: Sahyadri on October 22, 2019, 12:05:36 PM

Quote from: Lucasgabd on August 08, 2019, 09:42:50 PM

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 believe you really cant sustain life with easy and unstable source of income, gambling as a profession being one of them. I am sure professional gamblers too have stable earning streams or side hustles if not gambling. I know few friends who tried to live off from winnings from gambling , went profession but soon landed in stable jobs when the things became rough !

Gambling is not a source of income. If it was the case, then this world would have been full of financially settled gamblers. In reality we have more ruined gamblers than the successful ones. It is not a profession so no one can really meet his daily needs with the help of this. Like you, I am also against considering it as a way of earning money on regular basis. Rare are the cases where gamblers get benefits.

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I have discussed with several big gamblers several times, it is true that they have almost no other business and consider this a profession.

they have been rich from the start and gambled every day just to warm up by gathering a small profit estimate. they are not as complicated as imagined because they only practice for bigger targets in monthly tournaments, in a month it can be 2-3x special events. Their principle is only one, a strong belief to at least enter the top 5 winners.

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Quote from: Eugenar on October 23, 2019, 04:09:41 AM

For me, living a life through gambling isn't possible. But it depends upon the platform where gamblers bet. Mostly a trick can be catch by those gamblers that is too observant on the other hand, there are those gambling platforms that have a really fair systems. But for a person to trust his life with a 50/50 chance isn't good. they still need another income if bad fate happens.

I agree on the last line. Professional gamblers who gamble only on traditional games are bound to lose in the long run. Unless they have huge money to spend in life or they are digging their own grave as the house edge will ensure how a person will only lose in the long run. There's no trick. But in sports betting it's possible since an expert on sports will have an upper hand in sports betting.

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Quote from: Betwrong on October 27, 2019, 04:53:15 AM

Quote from: deisik on October 22, 2019, 06:43:20 AM

Quote from: Betwrong on October 21, 2019, 03:51:21 AM

Quote from: Peashooter on October 20, 2019, 08:31:37 AM

Maybe the richest person is the one who are making gambling as a profession because they have a lot of funds to bet or gamble. They just gamble their money and they earn while sitting and just playing in some casinos. You can meet those people in the famous casinos that they are the one who are just playing and they earn money. For me gambling as a profession is a hard time or a big risk taking because you can lose a lot of money by this and I see a lot of people down on debt because of gambling.

Most of them don't earn with gambling. Those rich people you are talking about can lose $10k without even noticing. So, they play big games without fear of losing, and if they lose they don't talk about it. But when they win (which happens too, of course, because as much as no one can be constantly winning, no one can be constantly losing either), they talk about it a lot, and then we get the impression that they can make big money with gambling

If I'm not mistaken, this is called selection bias
~

That's right, and because of that bias we have an impression of a group of people, the so called "professional gamblers", as if they "know how to play", and thus mostly win and rarely lose. But if it were so, if they were winning because of their skills, they would be becoming better and better with time, right? But this is not what's happening. In reality a big part of those who were winners 2-3 years ago, have become losers, but we don't want to hear about that part, and now we concentrate our attention on the new winners who took their place. We pay little attention to the fact that the winners are not the same people all the time.

It use to happen with the people who lose interest in gambling with but those who keep learning and never stop at any cost mostly gets profit. I know as time passes people gets more knowledge and gain skills in gambling to become an expert it’s important to spend time with it as much as possible and if you are satisfied with your earning from gambling then you can choose it as a profession.

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Quote from: deisik on October 22, 2019, 06:43:20 AM

Quote from: Betwrong on October 21, 2019, 03:51:21 AM

Quote from: Peashooter on October 20, 2019, 08:31:37 AM

Maybe the richest person is the one who are making gambling as a profession because they have a lot of funds to bet or gamble. They just gamble their money and they earn while sitting and just playing in some casinos. You can meet those people in the famous casinos that they are the one who are just playing and they earn money. For me gambling as a profession is a hard time or a big risk taking because you can lose a lot of money by this and I see a lot of people down on debt because of gambling.

Most of them don't earn with gambling. Those rich people you are talking about can lose $10k without even noticing. So, they play big games without fear of losing, and if they lose they don't talk about it. But when they win (which happens too, of course, because as much as no one can be constantly winning, no one can be constantly losing either), they talk about it a lot, and then we get the impression that they can make big money with gambling

If I'm not mistaken, this is called selection bias
~

That's right, and because of that bias we have an impression of a group of people, the so called "professional gamblers", as if they "know how to play", and thus mostly win and rarely lose. But if it were so, if they were winning because of their skills, they would be becoming better and better with time, right? But this is not what's happening. In reality a big part of those who were winners 2-3 years ago, have become losers, but we don't want to hear about that part, and now we concentrate our attention on the new winners who took their place. We pay little attention to the fact that the winners are not the same people all the time.

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Quote from: Yamifoud on October 21, 2019, 10:47:24 PM

Quote from: rand1919 on October 21, 2019, 08:49:04 PM

I know 1 or 2 people who earn hundreds of thousands of € monthly on betting. It's their living, and they are doing pretty good. But they do bet professionally using math and statistics formulas for their calculations, and other various things. Very smart people i would say.

I bet for hobby (esports), but i earn decent amount of money too. If you bet smartly and know the game you can earn hundreds / thousands of €. Depends on the budget and knowledge.

That is really amazing...Does it gives you an idea to ask how they did it? Cause it sounds like very interesting to see how they did it, in fact, if their strategies will work with them it possible that it work for you or with the others. But, I supposed to think that they keep it hiding and never want to share it...lol Grin

I think it is very hard to make gambling as a profession and a source of money because in gambling people either win very big or sometimes the luck never comes and people constantly lose each and every bet, well in my point of view people should have to set their own business or do some other jobs apart from gambling because the money of gambling is not regular.

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For me, living a life through gambling isn't possible. But it depends upon the platform where gamblers bet. Mostly a trick can be catch by those gamblers that is too observant on the other hand, there are those gambling platforms that have a really fair systems. But for a person to trust his life with a 50/50 chance isn't good. they still need another income if bad fate happens.

Topic: Gambling as a profession: there's people who live out of gambling? - page 37. (Read 6953 times)