Gambling as a profession: there's people who live out of gambling? - page 58.

kennen1113

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Quote from: Janation on August 16, 2019, 04:25:24 AM

Quote from: XCANA on August 15, 2019, 03:42:33 PM

Absolutely correct, most professional gambler's are those gambler's that actually put fort their self control whenever they went into the game because without self control any gambler van lose to the house. Although,most of these gamblers actually miss the point of setting limit when they gamble.

To be honest, there are a lot of gamblers out there, professional or not they all lost to gambling.

I don't think we should say this since there are a lot of professional gamblers out there that still lost to gambling. They lost millions and millions of dollars into gambling, they are professional since they are earning a lot of money, the control is there, the knowledge is there but they are still losing since they are dealing with gambling, and gambling can't give you a 100% chance of winning.

And all that you say is enough to answer the question on this topic, gambling can be considered a profession, even we can rely on gambling to make a living but we should know the rate of success in this process is relatively small, even for a few successes, the life they live through gambling, it really is not so flashy when they face pressure everyday, face many emotions. I don't know what people think but I won't encourage anyone to follow this option, it's just a dead end and it's dark at the end of the road, there's no light

Janation

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Quote from: XCANA on August 15, 2019, 03:42:33 PM

Absolutely correct, most professional gambler's are those gambler's that actually put fort their self control whenever they went into the game because without self control any gambler van lose to the house. Although,most of these gamblers actually miss the point of setting limit when they gamble.

To be honest, there are a lot of gamblers out there, professional or not they all lost to gambling.

I don't think we should say this since there are a lot of professional gamblers out there that still lost to gambling. They lost millions and millions of dollars into gambling, they are professional since they are earning a lot of money, the control is there, the knowledge is there but they are still losing since they are dealing with gambling, and gambling can't give you a 100% chance of winning.

slocker

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Many professional gambler have self control, I think this is main reason they keep playing and have positive outcome I mean winning. On top of this they are focused on single sport or in casino in single game. Why is that? They know how this game is played and they know how to make bets what are good odds what are risky ones what is safe and so on and on. They lets say have routine in every play/bet they make. They lose but not like us average or below average players. We play on safe bets, they dont.

Also they have probably there own bookkeepers that help them and maybe make some good odds in all this but they now how and when to play on what. To say this in short. Every sports/casino game and bets make money in the same way as stock analysts, same principal, they manage risk and look for value and profitable situations, low risk with big profit. When you find good bet with low risk and if you are comfortable in playing it, in this situation you will manage your risk.

In the final bet analysis and risk management, represents keys to good and successful professional gambler, in my opinion.

XCANA

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Quote from: peter0425 on August 15, 2019, 09:14:19 AM

Quote from: xSkylarx on August 15, 2019, 08:19:00 AM

Quote from: Kasabus on August 15, 2019, 03:39:11 AM

Quote from: LogitechMouse on August 15, 2019, 02:58:22 AM

~snip~

Those are not just ordinary people. They are professionals in some field where they also make a lot of money. They love gambling and aren't afraid to risk huge amount of money because they can quickly earn it.

But even professionals can be bankrupted when they are abusing the capacity in gambling because no one can win against the house so if they will put large amount of money everytime they played The surely in a year all they earned from works or businesses may vanish and leave them nothing but poorly

I think still moderation and self control is what we need to maintain our gaming habit and our good living as well

Absolutely correct, most professional gambler's are those gambler's that actually put fort their self control whenever they went into the game because without self control any gambler van lose to the house. Although,most of these gamblers actually miss the point of setting limit when they gamble.

Tungsten-1

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Quote from: Finestream on August 13, 2019, 12:35:30 PM

Quote from: ?? on ??

For the few years in have spent gambling on traditional mode before joining the online casinos I has never seen a good successful gambler that had live his or her life solely on gambling without doing any other. Sincerely speaking it's very hard to win consecutively on a game without a lost, even at that, not all days you as a gambler can win in the arena, so, mist of these gamblers we see are also into other stuff that generate income apart from gambling.

Yes.Those gamblers we have seen that are really making huge profits does not mean they rely on gambling alone for source of living.They are also making investments in crypto apart from gambling.As far as i know,there is no such professional gambler that will make a stable income from gambling.And the fact that winning is very rare in gambling so a wise man would not really depend his income alone in gambling.

Yes you have a point here. There are many ways in which the top gamblers make money. They never put in their money just in gambling because they know that the uncertainty could be fatal. In addition, the new guys who imitate these big players always lose money because they try to put in all their money in gambling and end up losing everything.

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Quote from: peter0425 on August 15, 2019, 09:14:19 AM

Quote from: xSkylarx on August 15, 2019, 08:19:00 AM

Quote from: Kasabus on August 15, 2019, 03:39:11 AM

Quote from: LogitechMouse on August 15, 2019, 02:58:22 AM

~snip~

Those are not just ordinary people. They are professionals in some field where they also make a lot of money. They love gambling and aren't afraid to risk huge amount of money because they can quickly earn it.

But even professionals can be bankrupted when they are abusing the capacity in gambling because no one can win against the house so if they will put large amount of money everytime they played The surely in a year all they earned from works or businesses may vanish and leave them nothing but poorly

I think still moderation and self control is what we need to maintain our gaming habit and our good living as well

When someone aiming for the money from gambling then there is no moderation can save them in the long term. People may claim that they are aware of losing their money but they still going for betting and losing more and more money due to the greed of making easy money. If someone want to be a professional Gambler then they need to have their own bank which can print unlimited money.

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Quote from: imstillthebest on August 15, 2019, 08:47:58 AM

Quote from: xSkylarx on August 15, 2019, 08:19:00 AM

professionals love gambling and aren't afraid to risk huge amount of money because they can quickly earn it.

yes they can earn it fast compare to a regular gamblers because they are pro and skillful enough but i dont think that they arent afraid , i dont think that they arent afraid to take risk because they are only humans and they arent perfect . there is still a posibility that they can loose in a game . alot of things can happen when they loose like they can loose thier title or reputation and worst of all they loose money .

Because as far as I know some of my friend who always doing gamble said, the more money you risk the high chance you can earn a big profit. Maybe those professional gamblers have enough fund and the financial status was good enough to spend more on gambling. Yes, there are too many people that a professional gambler and they keep gamble just because of money that they earn from gambling. Possible that they had also symptoms of being a gambling addict.

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Quote from: peter0425 on August 15, 2019, 09:14:19 AM

But even professionals can be bankrupted when they are abusing the capacity in gambling because no one can win against the house so if they will put large amount of money everytime they played The surely in a year all they earned from works or businesses may vanish and leave them nothing but poorly

I think still moderation and self control is what we need to maintain our gaming habit and our good living as well

And that is a risk many do not talk about, even the best poker players and sports bettors have long losing streaks and if they do not manage their money wisely they can still go bankrupt even with a winning strategy, which brings us once again to the topic of money management, no one wants to talk about it in trading or gambling because most of the time money management will tell them that their bets are simply too high and that they should reduce its size but while this will diminish the chances of bankruptcy it will also limit their potential profits.

peter0425

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Quote from: xSkylarx on August 15, 2019, 08:19:00 AM

Quote from: Kasabus on August 15, 2019, 03:39:11 AM

Quote from: LogitechMouse on August 15, 2019, 02:58:22 AM

~snip~

Those are not just ordinary people. They are professionals in some field where they also make a lot of money. They love gambling and aren't afraid to risk huge amount of money because they can quickly earn it.

But even professionals can be bankrupted when they are abusing the capacity in gambling because no one can win against the house so if they will put large amount of money everytime they played The surely in a year all they earned from works or businesses may vanish and leave them nothing but poorly

I think still moderation and self control is what we need to maintain our gaming habit and our good living as well

imstillthebest

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Quote from: xSkylarx on August 15, 2019, 08:19:00 AM

professionals love gambling and aren't afraid to risk huge amount of money because they can quickly earn it.

yes they can earn it fast compare to a regular gamblers because they are pro and skillful enough but i dont think that they arent afraid , i dont think that they arent afraid to take risk because they are only humans and they arent perfect . there is still a posibility that they can loose in a game . alot of things can happen when they loose like they can loose thier title or reputation and worst of all they loose money .

STT

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I like this guys profile, you say not ordinary but the advantage he perceived seems a possible observation by just anyone who paid attention every game and looked for a profit vs the odds. Nice to know such a thing is possible and give me hope of spotting such an advantage myself at some point in my life -

Quote

Lots of people are 'good' at reading people, this is a normal skill people hone their whole lives outside of gambling. Maybe alot of people are deceived easily but when we take populations of millions there is no doubt many 'ordinary' folk who have become very adept at reading and so could do well in poker or similar games vs others.

xSkylarx

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Quote from: Kasabus on August 15, 2019, 03:39:11 AM

Quote from: LogitechMouse on August 15, 2019, 02:58:22 AM

There are some people who are doing gambling as a profession already although I don't know some of them Cheesy

.

Maybe for them, they see gambling as another source of income of another kind of job so they spend most of their time and money gambling. I don't blame them but this is very risky because gambling is a 90% luck with 10% strategy. This gamblers might have another source of income too and that is where they get the money they use to gamble.

If you treat gambling as your profession, you are treating it like your job, and you will ensure you will be profitable as that is your main source of income.
Of course there are people who makes money with gambling consistently, but it's true that we don't know who they are personally but we can search them online.

These are the names of famous people in sports betting, that pretty confirms there are few who make a living.

https://www.legalsportsbetting.com/famous-sports-bettors/

Those are not just ordinary people. They are professionals in some field where they also make a lot of money. They love gambling and aren't afraid to risk huge amount of money because they can quickly earn it.

Barbut

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Quote from: Darker45 on August 12, 2019, 04:07:22 AM

Let us take poker or sports betting, for example. If there are winners, there must be losers as well. If there are millions in winning prizes, there must also be millions in losses. Those who are losing big time may still come back the following day and bet big amounts of money. Where do you think this money come from? Only from their previous winning? No, I doubt it. In gambling, it is not always a sunny day. These people must have other sources of income which give them a continuous flow of money.

In every sport, you have winners and losers, winning and losing are parts of every game. A poker player can win more than $100k in one tournament with $500 buy-in. There are many tournaments, micro or high stake tournaments, with awesome prizes. A poker player can gamble with money he previously earned if he is good. There are players like Daniel Negreanu and Chris Moorman who constantly show great winning results in poker, they constantly win big tournaments, but this does not apply to all players.
I said I know people who live from poker and betting on sports, like everyone else they also have losing streaks. Because of that, you need to know how to manage your bankroll! You need to know how to move profit on aside and continue with your strategy.

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Quote from: LogitechMouse on August 15, 2019, 02:58:22 AM

There are some people who are doing gambling as a profession already although I don't know some of them Cheesy

.

Maybe for them, they see gambling as another source of income of another kind of job so they spend most of their time and money gambling. I don't blame them but this is very risky because gambling is a 90% luck with 10% strategy. This gamblers might have another source of income too and that is where they get the money they use to gamble.

If you treat gambling as your profession, you are treating it like your job, and you will ensure you will be profitable as that is your main source of income.
Of course there are people who makes money with gambling consistently, but it's true that we don't know who they are personally but we can search them online.

These are the names of famous people in sports betting, that pretty confirms there are few who make a living.

https://www.legalsportsbetting.com/famous-sports-bettors/

LogitechMouse

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There are some people who are doing gambling as a profession already although I don't know some of them Cheesy

.

Maybe for them, they see gambling as another source of income of another kind of job so they spend most of their time and money gambling. I don't blame them but this is very risky because gambling is a 90% luck with 10% strategy. This gamblers might have another source of income too and that is where they get the money they use to gamble.

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Quote from: ?? on ??

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.

of course there are, even some people around me every day they like gambling so gambling can be done to meet their daily needs, but it certainly can't be done by lay people in gambling and can only be done by professional gamblers who have a strategy to be able to always win the game

But that can be too risky if they depend on gambling to search the income. They don't know when they can win and lose, and it is hard to get the most time of winning, especially if they don't have much luck. Even for the professional gamblers, they still difficult to make money from gambling because that will need big luck to get the win. But it is better if that person only uses gambling as a way to have fun and enjoy the game because they don't have to risk all of their money to earn money.

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Quote from: The Cryptovator on August 15, 2019, 12:25:42 AM

What I believe, there will no longer professional gambler. Because to be honest most of gamblers are in loss online even real life. I have seen on real life a gambler team. Eventually they have lost everything and leave gambling now. So there would not be professional gambler. Yes, there is life without gambling. Lots of people's who have no idea about gambling and so many people's hate gambling.

I disagree, I believe there are people who really are making a living in gambling, however there's only few of them as most of us are losers by the way, just like me, I already loss big in gambling because at one point in my life I tried to aim to be successful to make a living in gambling and that was a costly experience. We like to consider gambling as a profession but let's just leave that to those who has the real talent.

joshy23

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Quote from: ?? on ??

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.

of course there are, even some people around me every day they like gambling so gambling can be done to meet their daily needs, but it certainly can't be done by lay people in gambling and can only be done by professional gamblers who have a strategy to be able to always win the game

There's no way to win in every games they've played, discipline is what they use to make sure to be positive and not to allow certain bust to happen while they are playing, you need to have a good sets of plans and most of those we called professionals knows their limitations and knows how to deal with bad days, they can simply quit if they not getting any good luck while playing.

shoreno

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just like on esports gaming . gamers there are professional , they are being sponsored and payed to play games so i believe that pro gambling works the same way . they are not using thier own money to play a gambling but they are being adopted by someone , once these pro gamblers won big on tournaments , thier coach and adopters can also get thier share . there are tons of way to live for a normal people but thes pros are earning alot by doin the things they love.

The Cryptovator

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What I believe, there will no longer professional gambler. Because to be honest most of gamblers are in loss online even real life. I have seen on real life a gambler team. Eventually they have lost everything and leave gambling now. So there would not be professional gambler. Yes, there is life without gambling. Lots of people's who have no idea about gambling and so many people's hate gambling.

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