Gambling as a profession: there's people who live out of gambling? - page 4.

Kakmakr

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I have a friend that does Sports betting full-time and he specialize in horse racing, because he has been doing that for most of his life. He gets some inside information from the Jockeys that gives him a bit of edge over the other gamblers, but he rarely win something big.

I also have friends doing part-time Poker tournaments, but they say they will never do that full-time. The competition is just too tough and it only last for a few years. (Younger talented players are constantly pushing older players out of the circle and sponsors also look for young and new talent)

Will I do this full-time on what I get from gambling..... never! (I do it for the entertainment value, not as a job) Wink

Lorence.xD

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Quote from: ivankoh on February 27, 2021, 09:41:26 AM

Gambling is a profession, I know. But this job is not long, and it cannot sustain you for life. Consistency needs training, but is it possible to deny the threshold of ambition? Very few people have success with gambling in both calculation and luck. So, entertain and stop at the right time. Gamblers are often rooted in nature. Grin

It won't be sustainable if that is your only stream of income, the problem with gamblers by profession that do not last long in the game is that they do not have any other steady stream of income be it passive or active which can help them in the times that they do not earn a lot of money when they are gambling.

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Quote from: Botnake on March 01, 2021, 05:00:14 PM

Quote from: blockman on March 01, 2021, 04:29:39 PM

Quote from: ivankoh on February 27, 2021, 09:41:26 AM

Gambling is a profession, I know. But this job is not long, and it cannot sustain you for life. Consistency needs training, but is it possible to deny the threshold of ambition? Very few people have success with gambling in both calculation and luck. So, entertain and stop at the right time. Gamblers are often rooted in nature. Grin

There are always both sides of the story. We know that it cannot sustain for life but you should ask someone who's been gambling all of his life and remains to be a gambler up to this time. There are ways that they can sustain their lives and if it's already their life, they can make a living from it and won't just give up when they lose. As you said, there are few people that are successful in making it a living so if they are, they are sustaining their lives through it.

They can only sustain if they themselves are making money in gambling.

No one can last long in gambling if he is risking a decent amount and not making money at all since the reality will bite us which is we lose in the long run, good thing for some people this is not a threat to them as in the long run they become more consistent and they are making money.

Even if we say that no one can last long in gambling, many people still play gambling and hope to make money from gambling. No matter how much money they already lose and will lose, they will come back and play the other gambling games. If they can not realize that, sooner or later, they can become addicted to gambling, and once they addicted to gambling, it is hard to stop their habit and solve the problem.

Gambling really attempts to attract and seduce people to come back over and over. And that will depend on how strong that person to stop gambling and not thinking gambling as a source of income.

Botnake

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Quote from: blockman on March 01, 2021, 04:29:39 PM

Quote from: ivankoh on February 27, 2021, 09:41:26 AM

Gambling is a profession, I know. But this job is not long, and it cannot sustain you for life. Consistency needs training, but is it possible to deny the threshold of ambition? Very few people have success with gambling in both calculation and luck. So, entertain and stop at the right time. Gamblers are often rooted in nature. Grin

There are always both sides of the story. We know that it cannot sustain for life but you should ask someone who's been gambling all of his life and remains to be a gambler up to this time. There are ways that they can sustain their lives and if it's already their life, they can make a living from it and won't just give up when they lose. As you said, there are few people that are successful in making it a living so if they are, they are sustaining their lives through it.

They can only sustain if they themselves are making money in gambling.

No one can last long in gambling if he is risking a decent amount and not making money at all since the reality will bite us which is we lose in the long run, good thing for some people this is not a threat to them as in the long run they become more consistent and they are making money.

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Quote from: ivankoh on February 27, 2021, 09:41:26 AM

Gambling is a profession, I know. But this job is not long, and it cannot sustain you for life. Consistency needs training, but is it possible to deny the threshold of ambition? Very few people have success with gambling in both calculation and luck. So, entertain and stop at the right time. Gamblers are often rooted in nature. Grin

There are always both sides of the story. We know that it cannot sustain for life but you should ask someone who's been gambling all of his life and remains to be a gambler up to this time. There are ways that they can sustain their lives and if it's already their life, they can make a living from it and won't just give up when they lose. As you said, there are few people that are successful in making it a living so if they are, they are sustaining their lives through it.

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Quote from: Joca97 on March 01, 2021, 03:26:15 PM

Quote from: tyz on March 01, 2021, 01:58:28 PM

Quote from: Lucasgabd on February 25, 2021, 03:15:42 PM

but what are your opinions on the matter of sports betting?
any skill involved?
to me feels like it's simpy pure luck, but I'm not the biggest sports connoisseur

No, luck is a part of the game. But you can minimize luck especially when it come to sports betting. There is a reason why people (even they are less) living from sports betting. They have a good knowledge and access to (mostly paid) statistics which help them to have an advance.

If you are good at analysing the matches you can always find a way to keep up with the sportsbooks,more years go by and you evolve,but sometimes when a bad streak strikes better to lower down the bet size and not to chase those losses.

Good advise, knowing how to set your limitations as it's not possible to have a continues winning streak, shit can happened along the way, with good money management along with your skills, there's a big chance that you'll be able to gain decent from this activities.

There are people who managed to work with their gambling habits as extra good source of income, those who are in this
business for quite some time, they'll able to gain compensations with their experiences, big chance that you @Joca97 got this
one since you offer both free and paid tips.

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Quote from: tyz on March 01, 2021, 01:58:28 PM

Quote from: Lucasgabd on February 25, 2021, 03:15:42 PM

but what are your opinions on the matter of sports betting?
any skill involved?
to me feels like it's simpy pure luck, but I'm not the biggest sports connoisseur

No, luck is a part of the game. But you can minimize luck especially when it come to sports betting. There is a reason why people (even they are less) living from sports betting. They have a good knowledge and access to (mostly paid) statistics which help them to have an advance.

If you are good at analysing the matches you can always find a way to keep up with the sportsbooks,more years go by and you evolve,but sometimes when a bad streak strikes better to lower down the bet size and not to chase those losses.

2double0

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I had that life some time ago when I was very profitable in sports gambling, especially in tennis. But when it started going against me when I lost my talent going through my knee surgery a few years back, I started looking for other ways to earn a living as my relatives were not interested in becoming my helping hand, so it was me alone to manage everything for myself.

tyz

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Quote from: Lucasgabd on February 25, 2021, 03:15:42 PM

but what are your opinions on the matter of sports betting?
any skill involved?
to me feels like it's simpy pure luck, but I'm not the biggest sports connoisseur

No, luck is a part of the game. But you can minimize luck especially when it come to sports betting. There is a reason why people (even they are less) living from sports betting. They have a good knowledge and access to (mostly paid) statistics which help them to have an advance.

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Quote from: Finestream on February 27, 2021, 09:19:35 AM

Quote from: traderethereum on February 27, 2021, 01:05:02 AM

As it says, the practice will be very difficult, but we must try to control it before we ruin ourselves and lose too much money in gambling.

Or maybe practice makes perfect.

You can actually do both, practice to win and be consistent in winning or practice on how to minimize your loses and stay discipline while gambling even if you are losing. When you master this, it will certainly not gonna put your finances at risk as you'll enjoy gambling regardless of the outcome.

Yes, practice makes perfect. I am sure we can practice controlling ourselves because that is the important thing for us to have control.
It will be too difficult to do that thing for new people, and it will be hard to control themselves and stay discipline, especially if they win for some rounds.
Maybe they can use smaller money to gamble while learning to control themselves, so when they can master the lesson, they can start to use medium amounts to gamble.
But that will for some time before they can master both lessons, and I do not think they can survive for a long term to do that lesson because the greediness will be behind them.

Noctis Connor

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Quote from: Finestream on February 27, 2021, 09:19:35 AM

Quote from: traderethereum on February 27, 2021, 01:05:02 AM

As it says, the practice will be very difficult, but we must try to control it before we ruin ourselves and lose too much money in gambling.

Or maybe practice makes perfect.

You can actually do both, practice to win and be consistent in winning or practice on how to minimize your loses and stay discipline while gambling even if you are losing. When you master this, it will certainly not gonna put your finances at risk as you'll enjoy gambling regardless of the outcome.

Actually when it comes into gambling there are the two result in there you can't have all luck all day long when it comes into gambling you can't even discipline yourself when it's live its hardly control our self when it comes to that whether we win or lose the emotion keep us wanting to win, but when your just practicing then why should you just risk money when you are not sure about one thing then maybe internet can help you to practice do some research about all you wanna learn and applied it to your self. Maybe in this pandemic those who hasn't job are into gambling this is the only way they can actually make a good money from it but just don't depends on luck it's all about skill.

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Quote from: Finestream on February 27, 2021, 09:19:35 AM

Quote from: traderethereum on February 27, 2021, 01:05:02 AM

As it says, the practice will be very difficult, but we must try to control it before we ruin ourselves and lose too much money in gambling.

Or maybe practice makes perfect.

You can actually do both, practice to win and be consistent in winning or practice on how to minimize your loses and stay discipline while gambling even if you are losing. When you master this, it will certainly not gonna put your finances at risk as you'll enjoy gambling regardless of the outcome.

Gambling is a profession, I know. But this job is not long, and it cannot sustain you for life. Consistency needs training, but is it possible to deny the threshold of ambition? Very few people have success with gambling in both calculation and luck. So, entertain and stop at the right time. Gamblers are often rooted in nature. Grin

Finestream

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Quote from: traderethereum on February 27, 2021, 01:05:02 AM

As it says, the practice will be very difficult, but we must try to control it before we ruin ourselves and lose too much money in gambling.

Or maybe practice makes perfect.

You can actually do both, practice to win and be consistent in winning or practice on how to minimize your loses and stay discipline while gambling even if you are losing. When you master this, it will certainly not gonna put your finances at risk as you'll enjoy gambling regardless of the outcome.

traderethereum

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Quote from: Shasha80 on February 25, 2021, 10:05:32 PM

Quote from: traderethereum on February 25, 2021, 09:37:56 PM

Quote from: Vaskiy on February 25, 2021, 06:37:46 PM

Sports betting or casinos can be considered as source of income for living, but the bitter truth, it requires patience and shouldn't go out of control. Most of the time people loss out of gambling due to emotional failure. This means people slowly make an earning, and by the end of the day due to greed of making big money and lack of self control empties the Wallet within minutes.

It can be. But not many people can be wise to use sports betting or casinos as their source of income because they want to win more after one or two wins on sports betting.
If they can hold their emotion from becoming greedy, they can use sports betting as a source of income, but they still manage their bankroll carefully.
It will no problem if they are slowly earning from sports betting because they will see that their income will become bigger, and once it becomes bigger, they should very carefully.

It's true that people can make gambling a source of income to live, but the problem is only a few people are able to control their emotions so as not
to be greedy. Because if we can't control greed, instead of being a source of income, gambling can be a source of trouble. Because those who
cannot control their emotions can become addicted. Will definitely have financial problems and his life will be ruined. So my advice is to keep our mind
off of making gambling a source of income, if indeed the risk is very large. Make gambling into entertainment, much more useful.

A greedy problem will be on every gambler, and it is not easy to control our emotions.
There will be a time that we can forget about controlling our greediness and want to chase bigger winning.
It happens many times to every gambler, and we know that only a few gamblers can make gambling a source of income to live, but they do not tell much about that.
As it says, the practice will be very difficult, but we must try to control it before we ruin ourselves and lose too much money in gambling.

Vaculin

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Quote from: KTChampions on February 26, 2021, 04:38:25 PM

Quote from: Natalim on February 26, 2021, 08:04:42 AM

I don't know one personally but I believe there are people who are making a living in sports betting.

Just try to analyze why sports betting industry is one of the most profitable in gambling industry, that's because lots of people believe that they can make good money in sports with their knowledge and at the same time they also believe that there are people who are really making a living on it.

Based on the income of the bookmakers, the pursuit of dreams is too expensive for the players Grin

But in reality I think most players treat it as just entertainment (and usually people spend money on entertainment without expecting any return). Unfortunately, there are also really dependent people, but they are a minority.

I would like to assume that they are making money in gambling because they are dependent on it. However, I think still majority of those who are seriously engaging in gambling are losing money, they don't really just gamble for sole entertainment as they are putting serious bets and that makes the bookmakers richer and that's given already. Personally I'm considering gambling as entertainment but at the same time I'm also expecting a return but I'm a matured gambler I can easily accept defeat as I experience it many times already in the past.

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Quote from: Natalim on February 26, 2021, 08:04:42 AM

I don't know one personally but I believe there are people who are making a living in sports betting.

Just try to analyze why sports betting industry is one of the most profitable in gambling industry, that's because lots of people believe that they can make good money in sports with their knowledge and at the same time they also believe that there are people who are really making a living on it.

Based on the income of the bookmakers, the pursuit of dreams is too expensive for the players Grin

But in reality I think most players treat it as just entertainment (and usually people spend money on entertainment without expecting any return). Unfortunately, there are also really dependent people, but they are a minority.

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Quote from: boyptc on February 26, 2021, 01:14:21 PM

Quote from: Natalim on February 26, 2021, 08:04:42 AM

Quote from: boyptc on February 25, 2021, 10:21:43 PM

Quote from: BevNation on February 24, 2021, 05:24:47 PM

I really don't understand how it works?
For people to be living there life's out of a guessed game and call it a profession. I'm confused!
Is this topic real and really applies to people that share this same earth as me...

There really are people who are living with their lives as professional gamblers. You probably haven't discovered about those professionals that have to make themselves wealthy in this industry.
They are skilled that what you can imagine although just as the same as us, they still lose yet they're wiser than us.

I don't know one personally but I believe there are people who are making a living in sports betting.
Just try to analyze why sports betting industry is one of the most profitable in gambling industry, that's because lots of people believe that they can make good money in sports with their knowledge and at the same time they also believe that there are people who are really making a living on it.

There are.
There's no doubt about that.
And in other skilled games, as long as they can learn the game on their own and have a strategy or went through tough experiences just to take the game in their minds, no doubt that they can.
And they know how risky it is too to depend on this kind of living.

well, if you ask me I go with BevNation as living with a gambling life to sustain your needs is a bit off to believe. Maybe in real life that could be a fact but here in Online gambling? that's a big question for me I suppose as I don't play a lot maybe I just don't see it well. Still I think if you're an owner that could count or maybe your a beater/cheater then it could be also possible. Besides if we say 50-50, strategies doesn't really work IMO, so it really might be strange to find someone who gets a living out of this Online Casinos.

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Quote from: Natalim on February 26, 2021, 08:04:42 AM

Quote from: boyptc on February 25, 2021, 10:21:43 PM

Quote from: BevNation on February 24, 2021, 05:24:47 PM

I really don't understand how it works?
For people to be living there life's out of a guessed game and call it a profession. I'm confused!
Is this topic real and really applies to people that share this same earth as me...

There really are people who are living with their lives as professional gamblers. You probably haven't discovered about those professionals that have to make themselves wealthy in this industry.

They are skilled that what you can imagine although just as the same as us, they still lose yet they're wiser than us.

I don't know one personally but I believe there are people who are making a living in sports betting.

Just try to analyze why sports betting industry is one of the most profitable in gambling industry, that's because lots of people believe that they can make good money in sports with their knowledge and at the same time they also believe that there are people who are really making a living on it.

There are.

There's no doubt about that.

And in other skilled games, as long as they can learn the game on their own and have a strategy or went through tough experiences just to take the game in their minds, no doubt that they can.

And they know how risky it is too to depend on this kind of living.

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Quote from: boyptc on February 25, 2021, 10:21:43 PM

Quote from: BevNation on February 24, 2021, 05:24:47 PM

I really don't understand how it works?
For people to be living there life's out of a guessed game and call it a profession. I'm confused!
Is this topic real and really applies to people that share this same earth as me...

There really are people who are living with their lives as professional gamblers. You probably haven't discovered about those professionals that have to make themselves wealthy in this industry.

They are skilled that what you can imagine although just as the same as us, they still lose yet they're wiser than us.

I don't know one personally but I believe there are people who are making a living in sports betting.

Just try to analyze why sports betting industry is one of the most profitable in gambling industry, that's because lots of people believe that they can make good money in sports with their knowledge and at the same time they also believe that there are people who are really making a living on it.

boyptc

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Quote from: BevNation on February 24, 2021, 05:24:47 PM

I really don't understand how it works?
For people to be living there life's out of a guessed game and call it a profession. I'm confused!
Is this topic real and really applies to people that share this same earth as me...

There really are people who are living with their lives as professional gamblers. You probably haven't discovered about those professionals that have to make themselves wealthy in this industry.

They are skilled that what you can imagine although just as the same as us, they still lose yet they're wiser than us.

Topic: Gambling as a profession: there's people who live out of gambling? - page 4. (Read 6976 times)