Topic: Gambling is not a steady income haven - page 14. (Read 4000 times)

At the end of the day, it all boils down to whatever works for you. Just as there are different trading tactics that work for specific sets of traders, the same could be said for gambling as well. Glad that you found a technique that helps you stay focused and entertained when you're gambling without breaking the bank which is more than what we could say for some people out here who's flirting with financial loss everytime they gamble. Props to you for being aware of gambling addiction too and straying away from it actively. It's one thing to know what gambling addiction is, it's another to acknowledge how dangerous it is and actively partaking in discpline and methods to avoid it as much as possible.

I myself took it upon myself to adapt a method that I found here in the forum, you basically limit yourself to only three wins or three losses everytime you gamble. Soon as you reach 3 wins or 3 losses you could call it a day already to either stop you from bleeding any more money, or from spending all your wins away. I'm not saying you should try it, but it so far helped me stay in track when I'm gambling which is good.

I say something, at least when I play in a casino and I see that I am losing my money, there is an internal stop that does not let me continue playing, because I know that I will continue to lose, at least those things happened before, now I no longer feel that, because when I'm going to play I always leave a part of my balance to spend, if I lose it that's fine with me, I have no regrets, because it's what I'm willing to lose, so my way of controlling the plays could be said to be as if I would put a lock or something similar, and really if a person tends to have a good diction I would like them to copy my method.

Of course, as far as I'm concerned about this method , it's because I invented it, and although it looks very safe, and looks somewhat conserved and quite efficient, and in the end I think that's what really matters to me, because when seeing that there are so many addiction problems and other types of things always arise when generating more emcoins in the casinos, this including contests, bonuses, all this makes a player become more emcoined and want to play and play , without measuring any Type of money , he only cares about playing and in his mind there is only the word Winning , but we must be realistic , we must know that in a Casino the Safest thing is to lose than to win , if we as players have that clear there is no Problem.

When we take control of our money as an option , things can happen in a great way, because that way we get rid of having a very bad time , and that is the main advantage of my Method.

All gambling games depends on luck either skilled game or unskilled game. If two professional are playing poker what will count that person who is lucky enough to have a good hand because he will use it as an advantage to win the opponent with bad hand. It is when a pro is playing with someone that is less experienced in the game that skills comes in play. Taking gambling as fun is what helps one to win when he doesn't expect a win.

No one, and I mean NO ONE, can predict 70% of gambling outcomes consistently - it's the law of large numbers at work here. Casinos rig the games in their favor, with their random number generators and house edge, and this sneaky duo is a real gut-punch for those dreaming of striking it big. Also, your point about multiple income streams? I couldn't agree more! You're talking real sense here. For folks who enjoy a flutter, having a financial cushion keeps the home fires burning without risking personal bankruptcy. It's kinda like their secret superhero cape that saves them from the financial kryptonite

Possible to exist, since there are professional gamblers, people who can manage to win more than lose, they are good at what
they are doing with strategy that they've already established.

But, the percentage is just a few and more on the side of people who keep losing their money and that's the very reason why we keep
seeing more and more casino site or offshore business being open.

Firstly, it was an example in the form of assumption that even if such a unique gambler appeared, even with such a phenomenal percentage of guessing, he could fail. Secondly, if we talk strictly formally, then with a certain number of "attempts" the appearance of such a gambler is likely and even inevitable. It's just the law of large numbers - out of millions and millions of players, someone will be very lucky and will be lucky at a distance of hundreds and thousands of bets.

I agree, no matter how a player can be I think he should at least have a back up income so that he will still have some money left. Also, I also not agree that it is possible to make it as a passive or steady income because in reality it is not and it will never be . It will become a trouble if we will only rely in gambling because it will be never enough for us to sustain daily needs when we only getting small wins or when we are losing in a streak.

One can simply not guess 70% of outcomes of a game in gambling, that is not possible unless the casino isn't using a random number generator and a house edge to determine the outcome because if these two things are present, it becomes almost impossible for someone to guess 70% outcomes of a game no matter what they do, they might be able to do that by accident once or twice but it cannot be done every single time even if you are an expert.

Having multiple sources of income is important for someone even if they don't gamble, but if they do gamble, it will be more helpful since their gambling activities won't affect their personal expenses and they won't have issues in their personal life because of their gambling which mostly happens with gamblers.

The very term "gamble" implies some degree of danger, doesn't it? They would likely refer to it as something else, like "work," if it was a reliable means of financial support.

The ups and downs you mentioned are an essential self-checking mechanism. Regaining perspective while you're feeling off is a noteworthy skill. The success of casinos is predicated on the aspirations and desperation of gamblers who expect to win big quickly but usually don't.

You are absolutely accurate in stating that gambling is meant to be fun and not a means to secure one's financial future. Someone seeking a reliable income should focus on developing a marketable skill or trade.

It is very difficult but that doesn't stop people out there trying it anyway because they think that it is only a matter of time before they can start making money from gambling. But for people who realize that gambling is a form of entertainment. They will not try hard and just gamble and enjoy it. Winning or losing doesn't matter to them so they don't think about it and just have fun.

So people should do self-introspection after playing gambling for a while to see how big their chances are of winning from gambling. And if they see that the opportunity is not too big, they have to change their thinking to seek income from other, more promising places.

Professional gamblers may already have other businesses that can provide income for them so they will not depend on gambling. When they want to gamble, they are ready with everything because their abilities are better than others. And if they lose, they won't make a big deal out of it because they know that's the risk of playing gambling. And only wise people would not use gambling as a place to make money because they already know it will be very hard to get. And as long as they can get money from other places, they don't need to think about the results they get and as long as they can control the use of their money, they won't suffer a big loss either.

I agree, poker is a game of minds and acting.  If a person knows the rules of poker then the person who can act best and can bluff without ohter player noticing then he can possibly turn the tide of games even if his cards in hand is pathetic.

I have seen lots of videos where the person who has a superior deck fold due to how good the bluffing of his opponent is.  So the game of poker depends on how well a person can bluff his way out to win.

Of course, gambling is not a source of steady income. Gambling is part of the entertainment industry. I only gamble for fun. But sometimes it happens when I feel like I'm missing the end of the rope. When I feel like I'm in one of those periods, I take a break from everything and then I go back to normal. Gambling can only be a source of steady income for casino owners. It is just a means of entertainment for players like us and we should not expect anything else. Otherwise, we will experience great disappointments and we could lose significant amounts of money.

Agree. A professional gambler must have a job in real life. We all know that no guarantee to earn enough money from gambling daily although someone is a professional gambler. Most gambling games rely on the luck, the luck may not come everyday. Even if the professional gambler focuses on skill-based games, the should be chance to lose. It is difficult to get steady income through gambling as long as we are a player. It is different if we are the owner, the income must come everyday. 

This is only able to do if gambling is legal in your country. You will be in trouble with the law if you live in a country where gambling is illegal. You have no chance to do social media activities, you only can train/teach beginners offline.

The main income of "professional" gamblers is the sale of courses, or training for beginners or media activities (podcasts, videos, streaming) which are generously sponsored by the casino, as this gives them a stream of new players 
It's almost like business coaches who make money from their coaching but for some reason not from the business they teach.

Well, in the old days, that is surely the case because it is not advisable or not yet that known to the humankind that there are already professional gamblers that has exists in this world that are gambling for a living.

And in the modern times, we cannot deny anymore that this type of professionality is quite a successful one especially if you are keen to any type of analysis, knows how to read datum, know a lot of games, and have a technique that actually works to avoid more losses at the end of the day. And of course, the most important factor that a professional gambler should have, luck.

Of course, I don't believe that these so-called professional gambler doesn't have any other sources of income on the side to generate money because it is very unsafe for them to lean on the gambling alone and rely on their skills that will not lead them into a desired path. Gambling is still the same, it has two sides and it will be inevitable for everyone to have their own share of losses in any given day and nobody is exempted on that fact, including the professional gamblers.

Having multiple sources of income or substantial savings is a must for a gambler (assuming such exists hehe) who gambles for a living.
The math is such that even if a gambler can get an edge over the casino/bookmaker to such an extent like that he guesses 70% of the outcomes of a coin toss, a series of failures can still happen when, with any money management, he will suffer significant losses.

I have thought about it before, a good poker player or a professional is the one who is able to make their foe to believe their got a bad hand (when actually getting a pretty good one) and also can tell whether their foe got a good, mediocre or bad hand. That is enough to increase the win/loss ratio exponentially, because even if you got a bad hand, you could tell whether your opponent also got a bad one or a good one and with that information you can decide how much money to put on the table. It is similar with blackjack or 21 (as we call it here in my country). 

This is true if you are a very skilled poker player which can dominate other players. Poker is a competition type game which you will experience a lot of losses than luck based game if you are playing against poker player that is far more skilled than you.

Those poker player that become successful on this field are all exceptional and not all poker player have same game result since this game is PVP. A player win if other player lose. This way, a mediocre poker player can be on consistent lose side.