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Topic: Gambling as a profession: there's people who live out of gambling? - page 59. (Read 6976 times)

legendary
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 What I'm asking gambling is about luck, how can they survive in the long run, because luck is not always always on your side right?
Winning in gambling is about luck but there are some gamble games which the strategy used by the gambler is what justifies the gambler winning or lost and these are the game most professional gamblers that their main occupation is gambling play the most.
They are usually called smart gamblers because they always know when to stop and know how to manage money when playing. Many gamblers do not pay attention to these points so that they can be greedy and lose or can be addicted.
hero member
Activity: 2660
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Of course there are, those who are professionals in gambling are people who can manage their emotions and finances. How can, when they lose a few chips they will stop and when they get a target profit they also stop. Lest we be too ambitious and greedy.
Exactly bro. I think it all depends on our definition of professional gambling. I could refer to myself as a professional gambler because in the time past, I have been able to successfully handle loses, manage wins and also control my emotions not to feel terrible when there is a great loss. Being a professional player does not mean we do not make loses but we have the ability to handle it. This is the reason you will notice a player who that can buy a car from the profits he gets from gambling and another player that has not been able to buy a pen.


It not only gamblers who can manage their buzz, financial or know how to stop loss are the professional gambler which the OP is referring to because he was actually talking about gamblers which do gambling for a living.



 What I'm asking gambling is about luck, how can they survive in the long run, because luck is not always always on your side right?
Winning in gambling is about luck but there are some gamble games which the strategy used by the gambler is what justifies the gambler winning or lost and these are the game most professional gamblers that their main occupation is gambling play the most.
sr. member
Activity: 1162
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Of course there are, those who are professionals in gambling are people who can manage their emotions and finances. How can, when they lose a few chips they will stop and when they get a target profit they also stop. Lest we be too ambitious and greedy.
Exactly bro. I think it all depends on our definition of professional gambling. I could refer to myself as a professional gambler because in the time past, I have been able to successfully handle loses, manage wins and also control my emotions not to feel terrible when there is a great loss. Being a professional player does not mean we do not make loses but we have the ability to handle it. This is the reason you will notice a player who that can buy a car from the profits he gets from gambling and another player that has not been able to buy a pen.

I also believe nobody did a course to qualify as a professional player, it all depends on individuals. There is no harm in gambling professionally and also I don’t think gambling as a career is the same as professional gambling.
I think that also, of course there are many gamblers who make gambling as their main occupation, but not all of them are professionals, maybe only a few players are stuck in that, or indeed they have a strategy to manage defeat and win in gambling which you call it professional. What I'm asking gambling is about luck, how can they survive in the long run, because luck is not always always on your side right?
full member
Activity: 1008
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I believe there are some people who do gambling for their life. But maybe it is on gambling that really have championship like poker, or maybe other card games. Because if not, there are not much people who want to join it and they who joined it must already train for a long time.
Yes people are using it and getting their life earning from gambling there is no doubt gambling is best way to make money along with enjoyment. I use to gamble in my free time  and i do my job as well. For gambling I use only few hours at night other wise I try to sleep gamble along with my job I can't totally rely on  Gambling.
legendary
Activity: 3500
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I believe there are some people who do gambling for their life. But maybe it is on gambling that really have championship like poker, or maybe other card games. Because if not, there are not much people who want to join it and they who joined it must already train for a long time.

I think poker will be a bigger number of people who can make money from the competition, especially in the offline poker which every player meet in one table. But we don't know where the competition has started, and maybe we only heard it in the newspaper or on the television about the winner. Or there is a local competition in some country which gambling has to allow so the player can visit the gambling place and play together.

Sports betting can be the other game with a lot of professional gamblers who use it as the main source of income. Not surprising at all because poker and sports betting required skills so it is good to be used as a source of income unlike the other games which are purely based on luck. Although it is not fully recommended to use gambling to make a living but as long as people are aware about the risk and able to manage their money wisely then it is OK.
hero member
Activity: 840
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Yeah there are some professional gamblers out there, most of them are professional poker players becauae poker is the only games that can used skill, but beside there are numerous of gamblers that become rich, some from the casino some from the sport betting
hero member
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I believe there are some people who do gambling for their life. But maybe it is on gambling that really have championship like poker, or maybe other card games. Because if not, there are not much people who want to join it and they who joined it must already train for a long time.

I think poker will be a bigger number of people who can make money from the competition, especially in the offline poker which every player meet in one table. But we don't know where the competition has started, and maybe we only heard it in the newspaper or on the television about the winner. Or there is a local competition in some country which gambling has to allow so the player can visit the gambling place and play together.
sr. member
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First of all, I don't think gambling is a good way of earning money for the long term. I mean, making gambling as a job is not a very good idea. However, there are people who actually make their living out of gambling. They play smart while earning big. Amazing, right? But surely, it's not an overnight thing to be a "professional gambler." It certainly takes tons of time and effort to be one.

And not all gambling stories are about sadness and loss. I've also taken the liberty to search some names of legendary gamblers who are notable for their success in gambling. (https://www.gamblingsites.net/blog/7-examples-of-successful-gamblers/)
legendary
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I know some people that do arbitrage with sports betting that have been relatively successful (can be almost risk-free if done correctly), though many bookies don't like arbitrage and can and will shut down your account if they detect you're doing arbitrage. There's also sites out there that allow you to do arbitrage on sites such as Betfair, though betting with exchanges is different than betting with a regular sportsbook in many instances. I imagine it's pretty hard to live off of this particular method alone, but there are people out there who live off of gambling with different methods.
sr. member
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I believe there are some people who do gambling for their life. But maybe it is on gambling that really have championship like poker, or maybe other card games. Because if not, there are not much people who want to join it and they who joined it must already train for a long time.
legendary
Activity: 2030
Merit: 1189
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 used to make a living solely playing poker at my local venue, however they have since closed down after it was discovered they were hugely in debt after someone had bribed the staff to rig the table games.

Now I still make a good income playing poker online, but I would imagine few people make a living playing games of pure luck.
sr. member
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Definitely a lot of professional gamblers they treat  gambling as job and profession, remember during I am working in the pawnshop one of my customers pawn their gold if he lose in the casino and gross again if he got win again vice versa. Their lives cycle is to play gambling and he treat gambling as job and source source of income but he have an greed selfcontrol as prossional gambler. 

His case is entirely different if he is really greed as you stated.
However, bare in mind that if he is truly good at what he does (gambling) it's okay to make a living from it. At least there will be more winnings than losing.
I tend to disagree buddy because there’s no good in gambling unless luck will be in yours because even how good we are yet the principles of gambling is to GAMBLE means there’s no specific point of winning and all is based on luck
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.
It’s better to invest in business than to gamble that’s the easiest answer to this thread.because risking your money in just a Game is like throwing your food outside the window.
hero member
Activity: 3052
Merit: 606
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.
full member
Activity: 1316
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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 think there is a professional gambler, if what you mean is someone who has good ability in gambling and gets lots of wins. but I'm not sure there are people who can make living only by gambling, there will definitely be burnout in their lives. precisely the one who benefits most from gambling is the owner of a gambling place, he will be able to survive only with their gambling place.
hero member
Activity: 2884
Merit: 794
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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.
There are professional gamblers out there but their numbers are probably overestimated, you need to have a strategy that offers a positive expectancy and that is very difficult to get when you are playing against the house but it is possible in blackjack if you use card counting, you can also get an edge in games where you are playing against other players and not the house like poker, however while many have dreams of becoming professional gamblers the truth is that it is extremely difficult.
copper member
Activity: 2940
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This isn't a new thing for anyone because there are a lot of popular gamblers that have been known to spend a lot of money on ridiculous stuff because they get easy money on gambling. Let's see a list of people that have probably crossed your minds and may have been talked about IRL.

Let's talk about the most famous ones that have earned the title Legendary [1]
  • Edward Thorp - He is the father of card counting. He is a professor of mathematics
  • Billy Walters - Successful in sports betting

There are a lot more included in the reference but no need because the one I listed here are included in the richest gamblers in the world. They are not to be made role-models for sure but you might as well know the people who have become successful.

Do you think you could make it too?



References

[1] https://www.gamblingsites.net/blog/7-examples-of-successful-gamblers/
hero member
Activity: 2940
Merit: 613
Winding down.
Of course there are, those who are professionals in gambling are people who can manage their emotions and finances. How can, when they lose a few chips they will stop and when they get a target profit they also stop. Lest we be too ambitious and greedy.
Exactly bro. I think it all depends on our definition of professional gambling. I could refer to myself as a professional gambler because in the time past, I have been able to successfully handle loses, manage wins and also control my emotions not to feel terrible when there is a great loss. Being a professional player does not mean we do not make loses but we have the ability to handle it. This is the reason you will notice a player who that can buy a car from the profits he gets from gambling and another player that has not been able to buy a pen.

I also believe nobody did a course to qualify as a professional player, it all depends on individuals. There is no harm in gambling professionally and also I don’t think gambling as a career is the same as professional gambling.
Gambling is not really bad but i still believe there is no one here that can survive throughout a lot of years gambling alone as a source of income. I once tried to be a gambler but i wasn't really lucky in this field so i move into trading where i made good profits. There may be professional gamblers but still they make huge amount of losses out from their winnings.
legendary
Activity: 3122
Merit: 1140
Of course there are, those who are professionals in gambling are people who can manage their emotions and finances. How can, when they lose a few chips they will stop and when they get a target profit they also stop. Lest we be too ambitious and greedy.
Exactly bro. I think it all depends on our definition of professional gambling. I could refer to myself as a professional gambler because in the time past, I have been able to successfully handle loses, manage wins and also control my emotions not to feel terrible when there is a great loss. Being a professional player does not mean we do not make loses but we have the ability to handle it. This is the reason you will notice a player who that can buy a car from the profits he gets from gambling and another player that has not been able to buy a pen.

I also believe nobody did a course to qualify as a professional player, it all depends on individuals. There is no harm in gambling professionally and also I don’t think gambling as a career is the same as professional gambling.
They are just the same actually when you do already reached that professional gambling state it is already considered that you are already tied up with that career.
Achieving such state wont really be that easy yet risk management or handling cant be obtained if you wont experienced deep losses.It will depend on how you do accept those and learn on next time which you will able to overcome that greediness or chasing up losses emotion.
hero member
Activity: 2548
Merit: 605
Of course there are, those who are professionals in gambling are people who can manage their emotions and finances. How can, when they lose a few chips they will stop and when they get a target profit they also stop. Lest we be too ambitious and greedy.
Exactly bro. I think it all depends on our definition of professional gambling. I could refer to myself as a professional gambler because in the time past, I have been able to successfully handle loses, manage wins and also control my emotions not to feel terrible when there is a great loss. Being a professional player does not mean we do not make loses but we have the ability to handle it. This is the reason you will notice a player who that can buy a car from the profits he gets from gambling and another player that has not been able to buy a pen.

I also believe nobody did a course to qualify as a professional player, it all depends on individuals. There is no harm in gambling professionally and also I don’t think gambling as a career is the same as professional gambling.
full member
Activity: 966
Merit: 153
Definitely a lot of professional gamblers they treat  gambling as job and profession, remember during I am working in the pawnshop one of my customers pawn their gold if he lose in the casino and gross again if he got win again vice versa. Their lives cycle is to play gambling and he treat gambling as job and source source of income but he have an greed selfcontrol as prossional gambler. 

His case is entirely different if he is really greed as you stated.
However, bare in mind that if he is truly good at what he does (gambling) it's okay to make a living from it. At least there will be more winnings than losing.
In a case where he is just taking chances and gambling on probability, then he is taking a big risk and complete waste of money.
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