Nice one @boat287, thank you for sharing your experience, you are an evidence that nothing is impossible in achieving your goal as long as you are winning to risk in gambling. Your situation was not a hindrance to be successful, instead you use it on your own advantage.
I like to hear more of this kind of stories, it's very inspiring to know there are few people who actually make a living in gambling.
I'm gonna check the twitter handle your share.
Topic: Gambling as a profession: there's people who live out of gambling? - page 9. (Read 6953 times)
January 26, 2021, 06:26:17 PM
January 26, 2021, 05:27:06 PM
interesting @boat287
would be nice to hear your story here on bitcointalk as well
which games you play? only poker?
if I was chosing one style of game only would probably be poker since it counts more on skill than only luck.
would be nice to hear your story here on bitcointalk as well
which games you play? only poker?
if I was chosing one style of game only would probably be poker since it counts more on skill than only luck.
January 22, 2021, 10:53:51 AM
some of us such as me, for over 30 years, 100% of my entire income has been from gambling. when u are autistic and unemployable because u make everyone so angry with your weird beliefs and fears with no work history since the min wage was $3.35 an hour, at age 19, and now are 51, u really have no other choice but to gamble for a living.
i dont regret it, i make about 50k a year now and used to only make about 25k when i knew less about poker than i do now, and its far better than what id earn at mc d or walmart so i dont regret it for a minute.
if u dont believe me i have a very famous blog that documents it. follow sevencard2003 on twitter which includes the link
i dont regret it, i make about 50k a year now and used to only make about 25k when i knew less about poker than i do now, and its far better than what id earn at mc d or walmart so i dont regret it for a minute.
if u dont believe me i have a very famous blog that documents it. follow sevencard2003 on twitter which includes the link
January 21, 2021, 05:58:13 PM
I gotta frank with you, AFAIK, the bigger odds of winning does not exist in gambling, the best chance you have is 50/50 chance, that is considering that the game you are playing has no house edge, like poker maybe, and you can pursue that to be a professional gambler.
However, professional gambler does not automatically mean successful gambler, it's still determine but it's outcome.
Just simple example, if you run a business, you can either be profitable or not. ( only possibilities)
However, professional gambler does not automatically mean successful gambler, it's still determine but it's outcome.
Just simple example, if you run a business, you can either be profitable or not. ( only possibilities)
There is no house edge in poker, but there is rake. And there is not much difference for the player, since in fact it affects the game in the same way. If two poker players play for a very long time and cannot identify winners, then gradually all their money will go to the casino.
January 21, 2021, 02:25:47 PM
Just simple example, if you run a business, you can either be profitable or not. ( only possibilities)
Very simple example but a realistic one.
Some people thought that when you are a professional gambler you are already a winner and making money for you is very easy.
That's a wrong perception, professional gamblers maybe knows how to handle their emotion and they have a good game plan but that doesn't mean they'll win easily. Those who make money in gambling consistently are those who made a living in gambling, and not every professional are making a living in gambling, only few of them does.
there's probably a cognitive bias to name that.
this feeling one may have to think pure luck is skill.
reminds me of "fooled by randomness" book, written by Nassim Taleb.
it's even hard to put all professional gamblers on the same category, a person who plays poker may have totally different skill than a successful blackjack player, you know what I mean?
January 20, 2021, 04:45:39 PM
Do you know anyone who is taking gambling as a profession and yet making an household income for living ? I don't think anyone can make consistent income with gambling.
Gambling may give you a lot of money at once or you may lose all your money but getting regular income from gambling is impossible.
Those gamblers that have already a good status can do this. Those fairy tale stories of rags to riches through gambling are very rare but there are stories like that which are unbelievable.Gambling may give you a lot of money at once or you may lose all your money but getting regular income from gambling is impossible.
I reckon that getting a daily profit through gambling is hard, it's not that impossible but it is inconsistent if someone does that. It can be a good day today and tomorrow up to a week but the next time, you know what's coming.
There are bad days to anyone even pro gamblers knows about that.
The difference between gamblers and pro gamblers is how they percept things around gambling activities, ordinary gamblers keeps pushing forward and try hitting their luck in anyhow, up to busting all their bankroll, while pro gamblers knows how to stop and quit for the day once they've already met their budget losing inside the house, they knew that there's always tomorrow just needed to plan more deeper to recover what they've loss.
Stopping and controlling relies on the mindset of the gambler, if he had a lot of experiences in gambling and not stopping will cause him harm even if he's not a pro gambler, in the future he'll know when to stop.
January 20, 2021, 08:35:24 AM
Just simple example, if you run a business, you can either be profitable or not. ( only possibilities)
Very simple example but a realistic one.
Some people thought that when you are a professional gambler you are already a winner and making money for you is very easy.
That's a wrong perception, professional gamblers maybe knows how to handle their emotion and they have a good game plan but that doesn't mean they'll win easily. Those who make money in gambling consistently are those who made a living in gambling, and not every professional are making a living in gambling, only few of them does.
January 20, 2021, 07:10:12 AM
From my understanding, you can only be a professional gambler to those games where there are bigger odds of winning, like poker and betting. I am not sure about casino's though. I have not met anyone that made their living playing games on casino's. Do you know someone who has played slot machines and made it a source of income? Maybe someone can give us good examples of casino goers who made their living gambling in these places.
No, I do not think that person can earn much money from playing slot machines because gambling games are based on luck. Maybe that person can win on some time, but he can not always win every time he played, and that will need a long time winning, especially if he does not have luck.
But if that person gambles on the sports betting or poker game and has experience and skills in that gambling games, I am sure he can win many times and earn money from that games.
It is not recommended to use gambling as a profession, but we can enjoy playing gambling games and have fun through the gambling games.
January 20, 2021, 04:56:05 AM
From my understanding, you can only be a professional gambler to those games where there are bigger odds of winning, like poker and betting. I am not sure about casino's though. I have not met anyone that made their living playing games on casino's. Do you know someone who has played slot machines and made it a source of income? Maybe someone can give us good examples of casino goers who made their living gambling in these places.
I gotta frank with you, AFAIK, the bigger odds of winning does not exist in gambling, the best chance you have is 50/50 chance, that is considering that the game you are playing has no house edge, like poker maybe, and you can pursue that to be a professional gambler.
However, professional gambler does not automatically mean successful gambler, it's still determine but it's outcome.
Just simple example, if you run a business, you can either be profitable or not. ( only possibilities)
January 20, 2021, 04:34:26 AM
I am someone who has always had the understanding that no one can live as a gambler, regardless of whether he is rich or not. Gambling cannot be used as a source of income, you can imagine how a person can live by gambling while he has to spend every day to live while he does not ensure that every time he gambles he gets money, psychologically this is something that can be accepted.
You've got a point .. basically, when someone is gambling they are taking risks for uncertain results in the hope of making a profit. So making gambling a source of livelihood is something that doesn't make sense because they have to depend on something uncertain.
But strangely there are people who take this path which in the end they will be faced with losses and after all the house always has an advantage because the odds are created to the house's benefit.
There are actually alot of people who live off on "taking risk". The important thing is to minimize risk as much as possible.
The problem with gambling (taking big risk) is that you'll most likely not make consistent income/profit doing it.
However, people can earn consistent income from betting (not gambling) if they are skilful/experienced in games/competitions they bet on.
It's hard to reconcile the words Betting and Gambling and apply them on topic like this to mean thesame thing. One involves alot of risk while the other could involve little/no/big risk. Betting is the general term.
So, you could lessen your betting risk and be consistently profitable. It will be really hard to take hugh risk and be consistently profitable... bad things could ruin your betting career if you take big risk regularly
January 20, 2021, 03:54:00 AM
From my understanding, you can only be a professional gambler to those games where there are bigger odds of winning, like poker and betting. I am not sure about casino's though. I have not met anyone that made their living playing games on casino's. Do you know someone who has played slot machines and made it a source of income? Maybe someone can give us good examples of casino goers who made their living gambling in these places.
January 20, 2021, 02:34:31 AM
Do you know anyone who is taking gambling as a profession and yet making an household income for living ? I don't think anyone can make consistent income with gambling.
Gambling may give you a lot of money at once or you may lose all your money but getting regular income from gambling is impossible.
Those gamblers that have already a good status can do this. Those fairy tale stories of rags to riches through gambling are very rare but there are stories like that which are unbelievable.Gambling may give you a lot of money at once or you may lose all your money but getting regular income from gambling is impossible.
I reckon that getting a daily profit through gambling is hard, it's not that impossible but it is inconsistent if someone does that. It can be a good day today and tomorrow up to a week but the next time, you know what's coming.
There are bad days to anyone even pro gamblers knows about that.
The difference between gamblers and pro gamblers is how they percept things around gambling activities, ordinary gamblers keeps pushing forward and try hitting their luck in anyhow, up to busting all their bankroll, while pro gamblers knows how to stop and quit for the day once they've already met their budget losing inside the house, they knew that there's always tomorrow just needed to plan more deeper to recover what they've loss.
January 19, 2021, 12:49:13 PM
Do you know anyone who is taking gambling as a profession and yet making an household income for living ? I don't think anyone can make consistent income with gambling.
Gambling may give you a lot of money at once or you may lose all your money but getting regular income from gambling is impossible.
Those gamblers that have already a good status can do this. Those fairy tale stories of rags to riches through gambling are very rare but there are stories like that which are unbelievable.Gambling may give you a lot of money at once or you may lose all your money but getting regular income from gambling is impossible.
I reckon that getting a daily profit through gambling is hard, it's not that impossible but it is inconsistent if someone does that. It can be a good day today and tomorrow up to a week but the next time, you know what's coming.
There are bad days to anyone even pro gamblers knows about that.
The difference between gamblers and pro gamblers is how they percept things around gambling activities, ordinary gamblers keeps pushing forward and try hitting their luck in anyhow, up to busting all their bankroll, while pro gamblers knows how to stop and quit for the day once they've already met their budget losing inside the house, they knew that there's always tomorrow just needed to plan more deeper to recover what they've loss.
January 19, 2021, 09:05:26 AM
Do you know anyone who is taking gambling as a profession and yet making an household income for living ? I don't think anyone can make consistent income with gambling.
Gambling may give you a lot of money at once or you may lose all your money but getting regular income from gambling is impossible.
Those gamblers that have already a good status can do this. Those fairy tale stories of rags to riches through gambling are very rare but there are stories like that which are unbelievable.Gambling may give you a lot of money at once or you may lose all your money but getting regular income from gambling is impossible.
I reckon that getting a daily profit through gambling is hard, it's not that impossible but it is inconsistent if someone does that. It can be a good day today and tomorrow up to a week but the next time, you know what's coming.
and if there are people who consider gambling as a profession without us realizing that that person has other income created from the results of gambling played, then gambling is inseparable from losing and winning and there will be more losses than winning.
So it is impossible to rely solely on gambling to survive even though at first you can, but over time you will realize that gambling will not always be relied on to make ends meet.
That is like having the freedom and they're already financially free which I think most of them are. But there are still those gamblers that are hoping to be well off despite their living status isn't that good as I've mentioned.
January 19, 2021, 08:14:36 AM
Do you know anyone who is taking gambling as a profession and yet making an household income for living ? I don't think anyone can make consistent income with gambling.
Gambling may give you a lot of money at once or you may lose all your money but getting regular income from gambling is impossible.
Those gamblers that have already a good status can do this. Those fairy tale stories of rags to riches through gambling are very rare but there are stories like that which are unbelievable.Gambling may give you a lot of money at once or you may lose all your money but getting regular income from gambling is impossible.
I reckon that getting a daily profit through gambling is hard, it's not that impossible but it is inconsistent if someone does that. It can be a good day today and tomorrow up to a week but the next time, you know what's coming.
and if there are people who consider gambling as a profession without us realizing that that person has other income created from the results of gambling played, then gambling is inseparable from losing and winning and there will be more losses than winning.
So it is impossible to rely solely on gambling to survive even though at first you can, but over time you will realize that gambling will not always be relied on to make ends meet.
January 19, 2021, 07:55:42 AM
Do you know anyone who is taking gambling as a profession and yet making an household income for living ? I don't think anyone can make consistent income with gambling.
Gambling may give you a lot of money at once or you may lose all your money but getting regular income from gambling is impossible.
Those gamblers that have already a good status can do this. Those fairy tale stories of rags to riches through gambling are very rare but there are stories like that which are unbelievable.Gambling may give you a lot of money at once or you may lose all your money but getting regular income from gambling is impossible.
I reckon that getting a daily profit through gambling is hard, it's not that impossible but it is inconsistent if someone does that. It can be a good day today and tomorrow up to a week but the next time, you know what's coming.
January 18, 2021, 01:50:50 AM
While this might be the case for many of us, there is definitely a group of people who like risk and uncertainty. If you don't look for it you go for a safe 9 to 5 job without any upside. Your salary is fixed and you won't make any big pay jumps. People in the finance industry work a lot based on bonuses, so their salary is uncertain too. Or people working in sales are paid by commissions. There is also a change your salary per month.
Although both gamblers and employees get uncertain income, at least employees don't have the risk of losing money or the worst possibility is that what they did doesn't get rewarded, so they will only experience a loss in time and energy. Whereas in gambling, apart from an uncertain income, every gambler will definitely face the risk of losing their money.
January 17, 2021, 10:53:11 PM
While this might be the case for many of us, there is definitely a group of people who like risk and uncertainty. If you don't look for it you go for a safe 9 to 5 job without any upside. Your salary is fixed and you won't make any big pay jumps. People in the finance industry work a lot based on bonuses, so their salary is uncertain too. Or people working in sales are paid by commissions. There is also a change your salary per month.
Although both gamblers and employees get uncertain income, at least employees don't have the risk of losing money or the worst possibility is that what they did doesn't get rewarded, so they will only experience a loss in time and energy. Whereas in gambling, apart from an uncertain income, every gambler will definitely face the risk of losing their money.
The worst thing that the employees can get is fired from their job, making them can't receive the payment. But the gamblers can't always make money every month because the gambling itself is not predicted when we can win and lose. But the loss of money in gambling will always be wide open, and only people who can control themselves and manage their money that will survive, and perhaps, they will have a chance to make money. Only a few people use gambling as a profession, and they really know how to treat gambling as a profession.
January 17, 2021, 08:08:14 PM
While this might be the case for many of us, there is definitely a group of people who like risk and uncertainty. If you don't look for it you go for a safe 9 to 5 job without any upside. Your salary is fixed and you won't make any big pay jumps. People in the finance industry work a lot based on bonuses, so their salary is uncertain too. Or people working in sales are paid by commissions. There is also a change your salary per month.
Although both gamblers and employees get uncertain income, at least employees don't have the risk of losing money or the worst possibility is that what they did doesn't get rewarded, so they will only experience a loss in time and energy. Whereas in gambling, apart from an uncertain income, every gambler will definitely face the risk of losing their money.
January 17, 2021, 06:46:37 PM
While this might be the case for many of us, there is definitely a group of people who like risk and uncertainty. If you don't look for it you go for a safe 9 to 5 job without any upside. Your salary is fixed and you won't make any big pay jumps. People in the finance industry work a lot based on bonuses, so their salary is uncertain too. Or people working in sales are paid by commissions. There is also a change your salary per month.
Although both gamblers and employees get uncertain income, at least employees don't have the risk of losing money or the worst possibility is that what they did doesn't get rewarded, so they will only experience a loss in time and energy. Whereas in gambling, apart from an uncertain income, every gambler will definitely face the risk of losing their money.
Both are really different when it comes to the purpose of making money, have a job and you are safe but you'll only make a specific amount while in gambling there's no limit of how much you can make if you are lucky.. we call this risking high for a high reward, that's what gamblers do.
Some people does not really focus on just one, they like to gamble, they work to earn and use their earning in gambling, they'll only stop working if they are already making a decent money in gambling consistently, which we are rarely see as mot of us are losing in gambling.
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