Gambling as a profession: there's people who live out of gambling? - page 45.

Pearls Before Swine

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Quote from: dothebeats on August 08, 2019, 09:36:56 PM

Well there are tons of professional poker players that manages to win hundreds of thousands, if not millions in one seating/tournament.

And that's a game of both luck and skill, but you can bet your ass that nobody makes an actual bona fide living at the craps table or with slot machines. There are also skilled sports bettors, which is probably a better way to make money than poker but you've really got to have a lot of knowledge about far more things than what's in poker game.

Personally I couldn't see gambling for a living, but I'm sure its the fantasy of a lot of forumites here who gamble maybe more than they should.

Quote from: Republikcoin.com on October 01, 2019, 10:24:53 PM

I also rarely see people who depend their lives on gambling, especially if they already have their own families.

I don't either except on TV during televised poker tournaments. As to your second point, it would be almost irresponsible being a 'professional' gambler if you have a family to support.

Quote from: deisik on October 01, 2019, 03:02:33 AM

Quote from: ChrisPop on October 01, 2019, 02:01:26 AM

Regarding sportsbetting I know people that trade the change of odds while the match is happening and they make a pretty consistent gains. It requires quite a learning curve, but it's worth it especially if you are passionate about sports

I can only guess the psychological pressure they must be under

Not only in sports betting but any game which involves chance. Anybody who's ever gambled knows the kinds of emotions evoked either during a winning streak or a complete crapout. People tend to conceal those emotions pretty well, but that doesn't mean they aren't present. It's got to be like an emotional rollercoaster betting or playing poker or whatever and knowing you have to come out ahead just to pay your rent and eat.

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Quote from: Republikcoin.com on October 01, 2019, 10:24:53 PM

Quote from: Apes on October 01, 2019, 09:51:35 PM

if a professional gambler is used to make a living from gambling. in daily life rarely people who depend on gambling, because of the fluctuate income. most people just play to get extra income and fill spare time.

although they also depend on gambling, I think it requires considerable risk, courage, and capital. not always people will win in gambling, so they must have a deposit for it. I also rarely see people who depend their lives on gambling, especially if they already have their own families.

That’s the hard part to consider,gambling wasn’t for everyone to profit but for all to enjoy.

Gambling can be a fortune for few but a nightmare for many if mishandled and treat carelessly,we cannot win in gambling by money but we can win by fun

Let professionals make money here but don’t risk to become one if we aren’t really deserving

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Quote from: Apes on October 01, 2019, 09:51:35 PM

if a professional gambler is used to make a living from gambling. in daily life rarely people who depend on gambling, because of the fluctuate income. most people just play to get extra income and fill spare time.

although they also depend on gambling, I think it requires considerable risk, courage, and capital. not always people will win in gambling, so they must have a deposit for it. I also rarely see people who depend their lives on gambling, especially if they already have their own families.

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Quote from: Apes on October 01, 2019, 09:51:35 PM

if a professional gambler is used to make a living from gambling. in daily life rarely people who depend on gambling, because of the fluctuate income. most people just play to get extra income and fill spare time.

Maybe some of them were already professional particular on handling gambling pressures, but not with profit. Lucky wins was only the probability of a gambler to gain from his invested bets. Once he enjoyed the company of lucky betting game, it became a daily routine and most people tend to become habitually addicted.

pieppiep

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Exactly to become a professional gambler we will have to get skills in games we like to gamble. Poker is also good game I have seen experts who wins huge amount of dollars at single sitting. So to become like them it’s important to have practice, money, well trusted casino and a partner, try to gamble with fun it increases the chances to win.

Poker can be a good choice if you want to become a professional gambler, but we need to have skills to wins the games. For some people, to learn poker will be difficult and I don't think that they can master the games if they don't have passion for the card games. By practicing the games with many people, we can have experience which will improve the skill. The experience will be needed for every poker gambler because they can anticipate every moves from the opponent.

Apes

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if a professional gambler is used to make a living from gambling. in daily life rarely people who depend on gambling, because of the fluctuate income. most people just play to get extra income and fill spare time.

Betwrong

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Quote from: yoseph on September 30, 2019, 07:30:17 AM

~
To be able to make a living entirely out of gambling may seem impossible but am totally sure that it is achievable, getting to know poeple who fixed games is the very step when it comes to it, Match fixing is actually very common if you know the person to talk,by betting on fixed races,fights and games one will be able to live on the money generated from gambling.

That's basically participating in cheating. To be honest, if I was 15 years old, I'd probably try it (I remember doing stupider things at that age). But no way I would engage in such activity now, knowing the possible consequences. And I don't mean cops even. People engaged in crime activity (and match-fixing is a crime), are, actually, not the types you want to deal with. They are, mostly, bad people. And you will end up badly, sooner or later, if dealing with them.

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Quote from: ChrisPop on October 01, 2019, 02:01:26 AM

Regarding sportsbetting I know people that trade the change of odds while the match is happening and they make a pretty consistent gains. It requires quite a learning curve, but it's worth it especially if you are passionate about sports

I can only guess the psychological pressure they must be under

I suspect it is pretty much like arbitrage in trading. A few years ago I was making decent monies by arbitraging doges (it was quite profitable back in the day, idk about now) but what a hell of a job was that! In fact, I was able to multiply my starting capital like 8x within just six months or so (maybe, even less than that) but in the end I had had enough of it and switched to regular trading, which doesn't give me so much stress and anxiety

ChrisPop

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Besides poker and sportsbetting there is no other lucrative method to live out of gambling. Maybe blackjack if you know how to count cards but nowadays with those deck shufflers in every casino that strategy is not really viable anymore so rest in pace card counters Cheesy

Regarding sportsbetting I know people that trade the change of odds while the match is happening and they make a pretty consistent gains. It requires quite a learning curve, but it's worth it especially if you are passionate about sports.

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Quote from: Lucasgabd on August 08, 2019, 08:42:50 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.

yes there are, a lot of professional gamblers are making a living using gambling. if you know the poker tournament, huge pot money are always on the line.
Those professionals, they live as a gambler, that's their profession.

That tournament is only for the pro poker player, but maybe there is some player who doesn't have very good skills, and they want to test the skills among the other players. Maybe we can meet someone or more who can live out from gambling so we can ask him/her how he/she can do that and what is needed to become a pro in gambling. After we know, maybe we can take their lesson to ourselves.

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Quote from: Betwrong on September 30, 2019, 06:27:57 AM

Quote from: bitzizzix on September 29, 2019, 08:33:17 AM

The profession as a gambler or can make a living from gambling seems to exist, but it is more suitable for people who play whatever gambling is played and does not only depend on a few gambling.
because I saw it and there was one of my friends who made a living playing gambling and whatever gambling he played and he learned it before playing and always won, even though he lost but would win again and daily activities always play gambling and in my opinion he was a true gambler and can make a living from gambling.

There are two possible explanations to your story(which looks very unrealistic btw):

1. Your friend loses and wins, like everybody else, but he tells you only about his winnings, or, rather more about his winnings than about his losses.

2. He's lucky to be among those who wins more than loses with gambling by pure chance. From your words, I seriously doubt that he is a professional poker player who's winning thanks to his skills.

"Learning" a game like Slots or Dice is an illusion, but I too know people who think they are "experts" in those games.

To be able to make a living entirely out of gambling may seem impossible but am totally sure that it is achievable, getting to know poeple who fixed games is the very step when it comes to it, Match fixing is actually very common if you know the person to talk,by betting on fixed races,fights and games one will be able to live on the money generated from gambling.

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Quote from: bitzizzix on September 29, 2019, 08:33:17 AM

The profession as a gambler or can make a living from gambling seems to exist, but it is more suitable for people who play whatever gambling is played and does not only depend on a few gambling.
because I saw it and there was one of my friends who made a living playing gambling and whatever gambling he played and he learned it before playing and always won, even though he lost but would win again and daily activities always play gambling and in my opinion he was a true gambler and can make a living from gambling.

There are two possible explanations to your story(which looks very unrealistic btw):

1. Your friend loses and wins, like everybody else, but he tells you only about his winnings, or, rather more about his winnings than about his losses.

2. He's lucky to be among those who wins more than loses with gambling by pure chance. From your words, I seriously doubt that he is a professional poker player who's winning thanks to his skills.

"Learning" a game like Slots or Dice is an illusion, but I too know people who think they are "experts" in those games.

Lucasgabd

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There's no need to be upset

wow. I'm surprised to see how much attention this thread got.
20 pages!
thank you so much for all the responses folks, will go into detail on it soon.

AicecreaME

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Quote from: tvplus006 on September 29, 2019, 06:16:51 AM

Quote from: AicecreaME on September 29, 2019, 01:09:27 AM

Quote from: tvplus006 on September 26, 2019, 08:09:43 AM

Yes, you can create an online casino for little money. Such casinos usually operate outside the legal field. I do not think that their owners will spend their money on a license.
Recently, I don’t remember such an IEO that managed to raise money to create a gambling site. And the competition in this business is very high.

How much is this "little money" you were talking about Huh

I'm lost for words. Creating an online casino is no joke, and if you only have "little money" to create one, enlighten me on how you are going to manage your payrolls, who will be on your team to manage your online casino, a lot of money is need and not just little. Having a "little money" to create a casino will lead to a "little casino" and how will your "little casino" earn if you don't have players on it.

A lot of things should be consider if a certain individual is really serious about creating online casino as a business to make money everyday.

I wrote that for a little money you can buy a script of a primitive casino. Or maybe you can get it for free. But this does not solve the security problem. And no team we can not hire. In such a casino you can just play it yourself and be glad that you are the owner of your own casino.

I assume by this that this "casino" that you were talking about is a little dream or a way to satisfy your dream that could never happen unless you are fully prepared on creating a legit one. However, I'm still not convince that someone is going to be happy by creating his own casino that he is the only one who can play on it, what is the point of creating one if you can't earn money on it.

The purpose of creating a real casino is to earn money in a very easy way though it is going to need a big fund, but the returns on you would be in your wallet in no time.

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The profession as a gambler or can make a living from gambling seems to exist, but it is more suitable for people who play whatever gambling is played and does not only depend on a few gambling.
because I saw it and there was one of my friends who made a living playing gambling and whatever gambling he played and he learned it before playing and always won, even though he lost but would win again and daily activities always play gambling and in my opinion he was a true gambler and can make a living from gambling.

tvplus006

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Quote from: AicecreaME on September 29, 2019, 01:09:27 AM

Quote from: tvplus006 on September 26, 2019, 08:09:43 AM

Yes, you can create an online casino for little money. Such casinos usually operate outside the legal field. I do not think that their owners will spend their money on a license.
Recently, I don’t remember such an IEO that managed to raise money to create a gambling site. And the competition in this business is very high.

How much is this "little money" you were talking about Huh

I'm lost for words. Creating an online casino is no joke, and if you only have "little money" to create one, enlighten me on how you are going to manage your payrolls, who will be on your team to manage your online casino, a lot of money is need and not just little. Having a "little money" to create a casino will lead to a "little casino" and how will your "little casino" earn if you don't have players on it.

A lot of things should be consider if a certain individual is really serious about creating online casino as a business to make money everyday.

I wrote that for a little money you can buy a script of a primitive casino. Or maybe you can get it for free. But this does not solve the security problem. And no team we can not hire. In such a casino you can just play it yourself and be glad that you are the owner of your own casino.

Sadlife

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Quote from: Ewox on September 18, 2019, 12:46:02 PM

I think there are professional gamblers who live out of gambling but I’m not too sure though if that is the only job they have. I know a few people whom I think are professional gamblers but they do have businesses too aside from just gambling.

This question of OP is not just for being a “professional Gambler” instead all areas in which people are profiting from gambling like Casino Dealers or employees.casino owner as well and other branches of gambling in which the profit is good enough to make a living and feed the family.
I have a close friend who works in casino as dealer and I must admit that she is now living luxurious from her job as Dealer.because he is bright and good in handling her money,what she did is those gamblers that in losing moment and desperate to win back is offering their jewelry’s and Cars also for lower amount or bargaining just to continue playing so my friend and her partner isn’t taking this items and in just couple of years she already managed to buy another house and car from the profit.

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Quote from: qwertyup23 on September 29, 2019, 04:51:03 AM

Well in fact, there are a number of professional gamblers especially in the poker field. There are even hosted tournaments around the world which is aired on television. Being a professional gambler also revolves around luck, like any gambling field. There is really no guarantee that one will become successful especially in a field where luck governs everything.

This is what you called a professional gambler and a player itself, if looks like you are betting on yourself, and I think I don't belong here and I don't have future if I will go with poker to make a living, I've seen some who makes money but we really don't know if they are profitable overall as not everything they do is visible to us.

For me, if ever I will make gambling as my profession, I would always choose sports betting as this is simple and you can hide what you are doing since you can do it at home, and with a big number of sports book here in crypto, you can be as high as you want, so if I'm consistent, maybe I can make money here.

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Quote from: Ewox on September 18, 2019, 12:46:02 PM

I think there are professional gamblers who live out of gambling but I’m not too sure though if that is the only job they have. I know a few people whom I think are professional gamblers but they do have businesses too aside from just gambling.

Some people are blinded by the fact that being a professional gambler is profitable. Don't get me wrong, but the number of professional gamblers out there COMPARED to the people who actually attempted to become one is significantly lowered.

Sometimes it all boils down on the luck, opportunity, and patience that determines the success of an individual. Even if you faithfully exercise those values, there is really no guarantee that it will lead you to a successful life.

Quote from: Eugenar on September 27, 2019, 10:33:18 PM

As far as I know you can't classify the gambling as profession. The only way you can earn through this is that if you were the owner or you have huge amount of luck. Apparently, gambling is supposedly for entertainment not for profit due to the fact that you have a low chance of winning. But this is just my opinon, I haven't encounter any professional gambler so this is the only I can say regard this.

Well in fact, there are a number of professional gamblers especially in the poker field. There are even hosted tournaments around the world which is aired on television. Being a professional gambler also revolves around luck, like any gambling field. There is really no guarantee that one will become successful especially in a field where luck governs everything.

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Quote from: Rikafip on September 26, 2019, 04:17:15 AM

Quote from: Betwrong on September 26, 2019, 03:56:28 AM

In my opinion, most of the so called "professionals" are just people who were lucky enough to be in profit from their gambling activity for several years in row. When some of them lose big time we just forget about them, and don't call them "professionals" any more, but we always have others taking their place. I watched a lot of high stakes poker games on YouTube, and I can say there is nothing special about most of the players there. They make mistakes, like anyone else, and lose a lot, and sometimes they win big because of luck, and that's pretty much it.

Maybe you watched those poker games on YouTube, but seems like you didn't pay much attention if you think it is all about luck. Poker is complex game, where risk management is incredibly important, and relying on luck won't get you far. Maybe once or twice you can luck your way out to final table at some big poker tournament, but certainly it wont happen often, like it is case with top poker players.

Just check players like Daniel Negreanu and Scotty Nguyen, they are professionals for decades, and you don't stay at that level by sheer luck, for that you need skill. Sure they made mistakes, like every professional in every sport imaginable, sometimes even a lot of them, but in the end, they make nice living out of it.

I said "there is nothing special about most of the players there." I didn't say "it is all about luck". I play poker a lot myself, and I know that in this game skills play a big part, probably the biggest part than that in all other games, and yet I think that luck is the main factor even in poker. I mean if 10,000 games were played, Daniel Negreanu would definitely win more of them than an average poker player, but he could win low stakes games and lose high stakes ones, and that would totally depend on luck.

I will cite the following quote in confirmation of my words:

Quote from: https://www.cardplayer.com/poker-news/22362-daniel-negreanu-admits-to-back-to-back-losing-years-at-poker-tables

Poker pro Daniel Negreanu has cashed for more money in poker tournaments than anyone else in history, but he has now posted two straight years of losses.

Apparently, even Daniel Negreanu, whom I personally admire very much, can have a very long losing streak because of bad luck.

Topic: Gambling as a profession: there's people who live out of gambling? - page 45. (Read 6976 times)