Gambling as a profession: there's people who live out of gambling? - page 48.

tvplus006

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Quote from: Kasabus on September 23, 2019, 03:24:53 AM

Quote from: Finestream on September 23, 2019, 02:41:48 AM

Quote from: swogerino on September 23, 2019, 02:04:15 AM

The remaining 1% are those who are making a living from gambling.

That's means gambling industry are so rich because they take the 99% chance of making money compared to only 1% of their gamblers who make a living in gambling. I don't know what percentage exactly but I do believe it's possible to make a living in gambling and 1% is just too small, maybe like 5%, but like I said, I really don't know because I myself is not making a living in gambling although in the past I tried to find ways to make it possible, but failed.

Its hard to determine the rate, but it's easy to determine who really are making profit in gambling, and it's non other than the gambling operators.
Aiming to make gambling as a living is a hard job, maybe the hardest kind of job in this world as we know that majority of the gamblers loses over time.

If we have enough capital, maybe the easiest way to make a living in gambling is just to start our own casino or gambling sites.

It’s very difficult to make a casino yourself. There is an opportunity to invest in an already functioning gaming site. And there are actually a lot of such sites that want to attract investors for their business. One such site is Mintdice https://mintdice.com/guide/investing But I am not familiar with the details of investing.

Questat

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Quote from: livingfree on September 25, 2019, 12:51:39 AM

Quote from: bedroid on September 24, 2019, 01:35:02 AM

I tried to making a living at playing blackjack. I lost a lot of money. And I'm an amazing blackjack player too, to the point that I have to worry about casino surveillance and they're tactics to interfere with the outcomes of my game play. I'm talking about real world casinos. The only way to gamble professionally is to "Hit and Run". Play for no more than 1 hour per gambling session. The longer you gamble the more likely that you'll lose.

Does this means that you have stopped already making a living with blackjack? but you are still playing it occassionally unlike before? The hit and run strategy is true, if you ever hit a good amount then stop for the meantime and enjoy your profit.

Comeback again tomorrow and play again. But like the typical gamblers attitude, sometimes we aren't contented with a small amount or with a few wins, tendency we continue until we lose.

A good amount is not a small amount, of course we can stop for awhile and enjoy it, I've done that many times in my life.
Therefore I can say that I am not a professional in gambling because professionals does not do that, they gamble regularly and they will only stop when they needed to, either they will win or lose.

livingfree

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Quote from: bedroid on September 24, 2019, 01:35:02 AM

I tried to making a living at playing blackjack. I lost a lot of money. And I'm an amazing blackjack player too, to the point that I have to worry about casino surveillance and they're tactics to interfere with the outcomes of my game play. I'm talking about real world casinos. The only way to gamble professionally is to "Hit and Run". Play for no more than 1 hour per gambling session. The longer you gamble the more likely that you'll lose.

Does this means that you have stopped already making a living with blackjack? but you are still playing it occassionally unlike before? The hit and run strategy is true, if you ever hit a good amount then stop for the meantime and enjoy your profit.

Comeback again tomorrow and play again. But like the typical gamblers attitude, sometimes we aren't contented with a small amount or with a few wins, tendency we continue until we lose.

pieppiep

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Quote from: semobo on September 24, 2019, 01:44:37 AM

Its true that most gambling sites won't survive even for months but many new gambling sites represents that we are getting more competition and more quality of service while gambling but we should not consider it will increase our chance of living with gambling.

That is for the business owner who operates their gambling site. Maybe they are not use gambling as a profession, but they are a business person in the gambling section. But for the gamblers, I think that it is difficult to live out of gambling since gambling is one exciting thing that people want to play. Maybe for the gambler who can master one or two types of gambling can live from gambling and they are making money for buying something to their daily life.

Besides that, gambler and gambling owner is different so we cannot say that the gambling owner is a profession like a gambler.

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Quote from: bedroid on September 24, 2019, 01:35:02 AM

Quote from: deisik on September 24, 2019, 01:21:53 AM

Quote from: Kasabus on September 23, 2019, 03:24:53 AM

If we have enough capital, maybe the easiest way to make a living in gambling is just to start our own casino or gambling sites

Nowadays, it is no less a daunting task than winning in such a casino

If you follow the Services section of the forum, now and then you see new casinos entering the spotlight and recruiting forum members to post with their signatures. After a few weeks of advertising most of them disappear to never to be seen or heard of again. What does it tell us? I guess that the competition in the field is extremely tight up to a point of brutal, and even if you have enough funds to start it off, it doesn't mean you are going to succeed as you also need a lot of expertise in, for example, running a business

I tried to making a living at playing blackjack. I lost a lot of money. And I'm an amazing blackjack player too, to the point that I have to worry about casino surveillance and they're tactics to interfere with the outcomes of my game play. I'm talking about real world casinos. The only way to gamble professionally is to "Hit and Run". Play for no more than 1 hour per gambling session. The longer you gamble the more likely that you'll lose

Totally agree with this attitude

In fact, that's what I've been telling here myself. Unless you are playing for fun and personal enjoyment only (read, you are paying for the thrill and excitement with the money you lose gambling), your only chance is to hit a lucky strike and then run away immediately without looking back, ever. It is not uncommon to win big but it is not less uncommon to succumb to the desire to win more and more that leads to a fiasco

Botnake

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Quote from: deisik on September 24, 2019, 01:21:53 AM

Quote from: Kasabus on September 23, 2019, 03:24:53 AM

If we have enough capital, maybe the easiest way to make a living in gambling is just to start our own casino or gambling sites

Nowadays, it is no less a daunting task than winning in such a casino

If you follow the Services section of the forum, now and then you see new casinos entering the spotlight and recruiting forum members to post with their signatures. After a few weeks of advertising most of them disappear to never to be seen or heard of again. What does it tell us? I guess that the competition in the field is extremely tight up to a point of brutal, and even if you have enough funds to start it off, it doesn't mean you are going to succeed as you also need a lot of expertise in, for example, running a business

I agree with your statement, capital is the most important when running your own casino but it does not guarantee you success since the competition is really tight. Those old casinos are dominating in the market because the competition here is based on how reputable your casino is, and usually a new casino has to build their reputation until they will be able to attract more gamblers are grow.

Running a casino is also a gamble, actually a high risk as well as you need big amount of capital to build a good casino which you cannot ensure you'll succeed.

semobo

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Quote from: deisik on September 24, 2019, 01:21:53 AM

Quote from: Kasabus on September 23, 2019, 03:24:53 AM

If we have enough capital, maybe the easiest way to make a living in gambling is just to start our own casino or gambling sites

Nowadays, it is no less a daunting task than winning in such a casino

If you follow the Services section of the forum, now and then you see new casinos entering the spotlight and recruiting forum members to post with their signatures. After a few weeks of advertising most of them disappear to never to be seen or heard of again. What does it tell us? I guess that the competition in the field is extremely tight up to a point of brutal, and even if you have enough funds to start it off, it doesn't mean you are going to succeed as you also need a lot of expertise in, for example, running a business

Its true that most gambling sites won't survive even for months but many new gambling sites represents that we are getting more competition and more quality of service while gambling but we should not consider it will increase our chance of living with gambling.

bedroid

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Quote from: deisik on September 24, 2019, 01:21:53 AM

Quote from: Kasabus on September 23, 2019, 03:24:53 AM

If we have enough capital, maybe the easiest way to make a living in gambling is just to start our own casino or gambling sites

Nowadays, it is no less a daunting task than winning in such a casino

If you follow the Services section of the forum, now and then you see new casinos entering the spotlight and recruiting forum members to post with their signatures. After a few weeks of advertising most of them disappear to never to be seen or heard of again. What does it tell us? I guess that the competition in the field is extremely tight up to a point of brutal, and even if you have enough funds to start it off, it doesn't mean you are going to succeed as you also need a lot of expertise in, for example, running a business

I tried to making a living at playing blackjack. I lost a lot of money. And I'm an amazing blackjack player too, to the point that I have to worry about casino surveillance and they're tactics to interfere with the outcomes of my game play. I'm talking about real world casinos. The only way to gamble professionally is to "Hit and Run". Play for no more than 1 hour per gambling session. The longer you gamble the more likely that you'll lose.

deisik

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Quote from: Kasabus on September 23, 2019, 03:24:53 AM

If we have enough capital, maybe the easiest way to make a living in gambling is just to start our own casino or gambling sites

Nowadays, it is no less a daunting task than winning in such a casino

If you follow the Services section of the forum, now and then you see new casinos entering the spotlight and recruiting forum members to post with their signatures. After a few weeks of advertising most of them disappear to never to be seen or heard of again. What does it tell us? I guess that the competition in the field is extremely tight up to a point of brutal, and even if you have enough funds to start it off, it doesn't mean you are going to succeed as you also need a lot of expertise in, for example, running a business

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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.

I have seen a lot of people living in gambling especially here in crypto. It is very good and great in feelings that gambling in crypto is really helpful sometimes you will lose but then there is still winnings and when you hit the jackpot well I would say that life is very easy but when I lose I would still say that life goes on. There are some people make gambling as there daily income even though it is addicted but for those who are living through it has already control on their emotions and need to control on betting since they need to have an extra money for their daily needs.

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Quote from: bitzizzix on September 23, 2019, 09:58:44 AM

Yes, there are some of my friends who make money from playing gambling and it is proven, but not always looking for income from gambling is profitable but luck is always there and most importantly mastering how to play it will minimize defeat.
I also do not understand my friend because after receiving defeat in the near future will get a victory.

I am sure your friends was a lucky person in gambling because he can make money from playing gambling. But I wonder how long he can get a win in gambling because we know that when we play gambling, we need the luck to win and luck will not come to the wrong person. My friend gets the same thing as your friend, but he plays a card to make money, but I am not sure that he can make a living from playing a card because he never tells me about how much his win money.

But I believe that someone can master the card games so he can always win. But for the other gambling games, I don't know because I think the other games will still need the luck to win. Perhaps, in sports, betting can be other gambling games that we can use to make money for living.

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Quote from: MonsterV on September 23, 2019, 07:51:51 AM

For me gambling is not too difficult when compared to a businessman, because gambling is just sitting and looking monitor. The hardest thing in gambling is to keep yourself from being greedy, most gamblers fail here. Indeed, not greedy does not guarantee we will win gambling but it is beginning of win, because gambling is not just a matter of that, but our experience in playing.

What you are trying to say here is how it's done, of course it's easy and we can even have more fun doing it, however, we are not discussing that, what we are discussing here is, is it possible to make it as a profession and make a living out of it? the answer is obviously no for majority of gamblers as majority are losers, they can enjoy but they cannot win because it's the gambling sites that are doing that consistently since their system is design to gave them edge everytime.

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Quote from: matchi2011 on September 22, 2019, 11:30:44 PM

Quote from: boyptc on September 22, 2019, 03:17:43 PM

Quote from: noormcs5 on September 22, 2019, 07:32:21 AM

Gambling is never been a job. A job could not be so risky that you don't even know that by the end of the day you will gain anything from it or simply lose all your money.

It's never been a job but there are people who really depend on it.

The situation is that they are already wealthy and the profit that they'll get with gambling is just a plus.

It is easy to manifest from this venue if you have a good source of funding since you are not worrying with your losses and you can think clearer to set your strategy to favor your bets. If you have sets of plans and you are ready taking the risk and work on without any fear it can give you much better results. Continuing getting good outcome will be a reason to make this place to be profitable professions.

Exactly, as long as you have multiple sources and losing while you gamble is just a small thing to you but if it goes more than what you are earning with the other sources you have.

The problem will start there.

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Yes, there are some of my friends who make money from playing gambling and it is proven, but not always looking for income from gambling is profitable but luck is always there and most importantly mastering how to play it will minimize defeat.
I also do not understand my friend because after receiving defeat in the near future will get a victory.

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Quote from: slocker on September 21, 2019, 03:06:08 PM

Statement is true. There are people who live out of this, but for what cost.

Making money as a professional gambler is not easy. Some rules need to be followed, like need to be better than your opponents, minimise big losses and maximise gains. Also You need a good deal of practice in order to build the right level of skill needed to start off a gambling career (this may be tricky cuz it depends from type of game you want to be professional).

It is worth noting that you simply can't become professional in many games, such as dice, slots, roulette, minesweeper, plinko, and also maybe some others. Some people believe that sports betting is skill based, and almost everyone agrees that poker is more about skills than about luck, and yet it is not clear what exactly you should learn to play poker better.

I write this because I know that there are people who think that even for dice and slots you need a lot of practice to be a professional in these games, while, in fact, even in poker most can achieve little with practice.

MonsterV

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Quote from: Kasabus on September 23, 2019, 03:24:53 AM

Quote from: Finestream on September 23, 2019, 02:41:48 AM

Quote from: swogerino on September 23, 2019, 02:04:15 AM

The remaining 1% are those who are making a living from gambling.

That's means gambling industry are so rich because they take the 99% chance of making money compared to only 1% of their gamblers who make a living in gambling. I don't know what percentage exactly but I do believe it's possible to make a living in gambling and 1% is just too small, maybe like 5%, but like I said, I really don't know because I myself is not making a living in gambling although in the past I tried to find ways to make it possible, but failed.

Its hard to determine the rate, but it's easy to determine who really are making profit in gambling, and it's non other than the gambling operators.
Aiming to make gambling as a living is a hard job, maybe the hardest kind of job in this world as we know that majority of the gamblers loses over time.

If we have enough capital, maybe the easiest way to make a living in gambling is just to start our own casino or gambling sites.

For me gambling is not too difficult when compared to a businessman, because gambling is just sitting and looking monitor. The hardest thing in gambling is to keep yourself from being greedy, most gamblers fail here. Indeed, not greedy does not guarantee we will win gambling but it is beginning of win, because gambling is not just a matter of that, but our experience in playing.

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Quote from: Swingle on September 22, 2019, 11:40:40 PM

One major thing that has always ruined gamblers is greed.

Greed is part of human nature so it's expected that most of the gamblers has that attitude but it will only matter on how each of us can control it. And with gambling, it's all easy money so those who found fortune with it are looking to it as a profession.

Quote from: Swingle on September 22, 2019, 11:40:40 PM

The key thing in gambling is to have a set goals or plan, how much you intend to stake (total sum) and how much loss you can accommodate. Once these two is set, then you have to gamble with your head intact and not emotionally. Quite a lot of people depend on it for survival though.

Right, it's about the control and goal setting. Also the same in trading, it's okay to stop loss if it is needed.

Kasabus

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Quote from: Finestream on September 23, 2019, 02:41:48 AM

Quote from: swogerino on September 23, 2019, 02:04:15 AM

The remaining 1% are those who are making a living from gambling.

That's means gambling industry are so rich because they take the 99% chance of making money compared to only 1% of their gamblers who make a living in gambling. I don't know what percentage exactly but I do believe it's possible to make a living in gambling and 1% is just too small, maybe like 5%, but like I said, I really don't know because I myself is not making a living in gambling although in the past I tried to find ways to make it possible, but failed.

Its hard to determine the rate, but it's easy to determine who really are making profit in gambling, and it's non other than the gambling operators.
Aiming to make gambling as a living is a hard job, maybe the hardest kind of job in this world as we know that majority of the gamblers loses over time.

If we have enough capital, maybe the easiest way to make a living in gambling is just to start our own casino or gambling sites.

Finestream

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Quote from: swogerino on September 23, 2019, 02:04:15 AM

The remaining 1% are those who are making a living from gambling.

That's means gambling industry are so rich because they take the 99% chance of making money compared to only 1% of their gamblers who make a living in gambling. I don't know what percentage exactly but I do believe it's possible to make a living in gambling and 1% is just too small, maybe like 5%, but like I said, I really don't know because I myself is not making a living in gambling although in the past I tried to find ways to make it possible, but failed.

slocker

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Quote from: swogerino on September 23, 2019, 02:04:15 AM

Quote from: Swingle on September 22, 2019, 11:40:40 PM

One major thing that has always ruined gamblers is greed. Wanting more and more eventually lossing all. The key thing in gambling is to have a set goals or plan, how much you intend to stake (total sum) and how much loss you can accommodate. Once these two is set, then you have to gamble with your head intact and not emotionally. Quite a lot of people depend on it for survival though.

In theory all gamblers start this way and they think that they will not fall victim of greed.Then they start to gamble more and more to recoup the lost amount of money which ultimately leads to greed and 99% of the gamblers are destroyed emotionally speaking.The remaining 1% are those who are making a living from gambling.

Not just greed. Gambling is consider as addiction, and when you are into this to deep one thing follows another. Probably most of them are addicted to something else I think when they got gambling addiction they have some other to. Been in some gambling casinos and people are winning they get drink and everything else, when they lose they do the same. personally never seen professional gambler and really dont know how they live and what they do, maybe they just get up read papers and play bets.

Topic: Gambling as a profession: there's people who live out of gambling? - page 48. (Read 6976 times)