Topic: Gambling can never be a means of making money. (Read 1056 times)

it seems like something similar to this has often been discussed.. it goes back to each person, some consider gambling to be entertainment, some consider gambling as a livelihood, and there are also those who consider gambling a hobby that makes money.  I personally consider gambling is a hobby that makes money!!  since high school, I like to bet the ball and until now the habit is very difficult to leave.

It could be both sometimes, when odds are in your favor, like if you are not expecting to win, then you are going to win, and if you are expecting yourself to have big profits by winning, then you are going to lose, how ironic is that, isn't it?

To sum that up, gambling is all about randomness of results, you can't predict it if it is a game that is pure based luck, unless it is poker or sports betting, you could increase your chances of winning by getting more knowledge by studying how it works.

yups it is depends on who is involved,there are people who is working in casinos and other gambling areas in which they are profiting from the games right?

and there are some gamblers who was professional in their field so they also profiting from gambling.

but for a normal gambler?this is just an entertainment and will never be a source of income,

Gambling has never been and will never be a source of income for a person or player. I've been telling this for a very long time, and I'll keep telling it because some people think gambling is a source of income and gamble with the aim of making money. As I've written in my previous posts and added in the quote, gambling is an expensive way of entertainment designed to just spend time. Gambling is definitely something that doesn't come as a source of income on a long-term basis, even if it makes short-term returns.

Well, passion can't be a passion without a person doing it first, you cannot make something your passion if you are not going to do it repeatedly, passion is something that you do many tries to figure out what does it means to you and what benefits it will give to you, and of course there will be sacrifices in the process of figuring out what is your passion, especially in gambling.

Even if you ask a professional gambler, he would say the same thing to you about his experience in gambling when he was just starting playing it.

Easy to say, but that is the hardest.

Due to greediness, this mindset has disappeared. Gambling will never be used for fun.
It would be great to invest or even create your own gambling site, but it is hard. But if you have enough assets, knowledge and you really have the capability, then maybe it would be easy to do so.

Yes, finding a decent job would be better. Gambling will never be decent a way to earn money, you will only end up having more losses than the expectation of earning.

That words that I bolded above should gamblers in their mindset. If ever you lose the extra amount of your money and you're always fine.
Gambling is not a means of making money, it was created even before from ancient people just for fun. If you want to make money on gambling and to avoid the risk maybe investing is the house edge is great in my opinion or making your own online gambling platform is also a good investment as well and probably in making money.

People who will make a passive income of gambling just for example just hitting the jackpot prize will probably not return and to have a break for a while. So, it doesn't mean that it is intentionally to support our daily needs or a source of income. Find a decent job and gamble your extra money from the monthly salary is good advice.

If one is not vary of the circumstances we all know how dangerous it could be and people have lost lot of money , their health and relationship is spoiled . If up to certain extent done is fine unless people do have extra money and can lose and still would be fine .

i dont have a skill on gambling but i always wanted to win so i still continue to play sometimes  but lossing to me is not enjoyable  .

the chance of ? loosing  ? no we are not forced to loose money  all of the time because you arent also forced here to play   .

i think you agree with him because most of your comment tells that gambling is suppose to be fun and not intented for making money  .

Depending on your capability, if you are good and has the skills in gambling, it should be your way of making money otherwise just learn to enjoy it and accept the fact that while you are enjoying it, you also have to spend money most of the time as that's our chance here, we loss most of the time but what matters is the way we manage to make our quality time spent in gambling.

Therefore, I would disagree with OP that gambling can never be a means of making money because it can be.

Indeed. Gambling have a lot of purpose and there are many professional gamblers who use it as a source of their money and income. You can simply say that gambling is for fun because many people got entertain whenever they play their favorite gambling games. I play gambling just for fun and whenever I get bored but for me, it still not a good idea to use it as your source of money because its too risky. However, we can't deny that by just gambling you can make and earn money.

That cannot be worthy for making money for the people who didn't have the passion for gambling, but for a professional one, every betting step is their potential ways to success. Sometimes they've encountered more failures, but it made them more determined and courageous to face the daily challenge in striving harder just to win for lucky profit from betting games, regarless of any circumstances.

There is an additional group of people who are regularly earning from gambling. They are the investors. Investors are oftentimes gaining a net earning rather than a loss. Ordinary players are losing most of the time but not the investors.

Those who win big and never come back and play are not gamblers. They are money hunters. Gamblers even if they will take a vacation or a hiatus after winning big will always come back. Will you not come back to gambling after winning big yourself?

That price is way too high... don't you think?
Or are you referring to something called a prize and not a price?


So according to you losing $100 is "no pain at all" because I am expected to lose it anyway, and that's why "it's still fun" because I got to play and lose money? Totally makes sense...

 


There were occassions I played with a few dollars, risking it on Black or Red in roulette, to be honest, yes, it's a bit of fun guessing the outcome and whether you lose or win you can live with that, however not everyone reacts the same... and personally for me with sports betting - I've never looked at it as something to enjoy, in fact in many times I haven't even watched the game itself, I just treated it as a pure investment - which is wrong, but I've realized it only now.

No, there is nothing to enjoy when you treat a bet as an investment, you want it to win, and whether you win or lose you're only digging a deeper hole until you completely stop.

Justyn Rees Larcombe is an example for someone who started with a simple £5 bet and lost his wife, his children, his job and almost everything ...

I hope you do understand English in a fair level so if you want just watch this video, he shares his story there:

https://www.youtube.com/watch?v=7AN3VLLlkdI

I don't think Justyn would call what he experienced "no pain at all".

Of course losing is not fun. It is not the losing in gambling that is fun. It is the game itself. It is not always the result that gives fun. If you win then you will be celebrating double because after playing and having fun in the game itself you are also receiving a price. But if you lose, then no pain at all because that is more expected than winning. It is still fun because you get to play. When you are playing, are you not enjoying it, the moment itself? That is prior to the result.

There are various definitions that can be said. The essence of addiction and gambling players to make money.

Gambling is a game that responds to a variety of ways and responses made by participants.
The essence is just to make money without someone having to work, the money gets more than the results of the work, in this case the priority is [n]absolute or fundamental luck.[/b]
There are also those who have the principle of mere pleasure in gambling, which can be said to be accumulative, this is called pleasure (making money) enough to defeat the opponent on the game.

The essence of your answer and question is: gambling player one absolute or fundamental luck.

When you lose $100 in gambling, do you still feel it's a "game with a full of fun"?

It is purely based on luck, if we could find holes and strategies on the casinos physically, well, online casinos or gambling sites are programmed, and it was really hard to focus on always winning. As a result, this couldn't be a major source of income, thus you need to consider taking up the risk to earn money. There are times you might end up losing everything, and there are times that you can earn too much and I don't think you will let your faith be in 50/50.

If you are playing to double your money, you will most probably end up losing all your money... This kind of gambler is the house's favorite. He starts playing with a fixed goal, that is to double the money, and won't stop until he makes it real.
During the process there is a high chance you will lose all your money, as it happens to most gamblers. If you are playing in order to sustain the needs of your family and you own needs, re-think what you are doing, because it won't finish well.

No, it is not easy because there is an old gambling website that already gets so many members. And if I want to build a gambling site, I need to think about how to make an attractive gambling site that has a new gambling game, or I can modify the existing gambling games into new gambling type games.

I agree that it will need a plan to know what kind of gambling site that I can build and how I will get the members. If I can serve the members with a better service, I am sure that the members will stay and play the games on my site, and they will enjoy their time on my website. If they can stay for a long time and spend their money, that means I will make a lot of money.