Topic: Gambling is not a steady income haven - page 21. (Read 4000 times)

You're right but I disagree with the fact that it's only casino owners can become millionaire and billionaires and it wouldn't be possible for the regular gambler and I had to pause to reason this because I've seen and read and also heard of stories of people's lives change overnight as a result of their gambling winnings and just as there huge number of people making losses, so there are also a great number of personals making profits as well and I'm sure you guys might  have also heard about one or two persons who won jackpots or major winnings and starts living a better life even without being a casino owner.

Casino is still a business that should be running continuously so we can't expect continuous winning from it since they also need to keep their business running. If they will allow everyone to win all the time, then they will have huge losses which might affect their business status. One common mistake of gamblers is that they expect too much in casinos that they almost have the wrong mindset towards gambling believing that they could be lucky all the time.
Some gamblers almost forget that winning in gambling mostly rely on a person's luck so they tend to disregard the risks of losing. They always aim for huge winnings and only see gambling as a profit provider. I think it is better that we have huge expectations of winning so we'll never get disappointed in the end.

I agree, but people do not listen when the message goes against their beliefs, after all there is a huge amount of evidence that shows that the majority of the people trying to become professional gamblers fail and only a small minority succeed, however despite the data people prefer to believe they will be one of the few which can reach that success instead of thinking they will become part of the majority that fails and lose all their money because of those beliefs.

in other words the casino doesn't want to lose.
so, in this case, gamblers should realize that there is not a single casino that is able to provide wins every day in large or small amounts. if indeed there are gamblers winning streak it is just luck and I can guarantee that luck will not come every day.

Getting rich is a very far thing, one cannot even keep winning constantly for a week and will start losing right after the first day of winning some money because gambling is a game of luck and your luck cannot always be on your side which is the reason why you cannot constantly win in gambling and one shouldn't take this as a way of earning a steady income or they will end up losing what they already have.

And you are right that casinos are a business and the business model of casinos doesn't allow gamblers to win a lot of money or earn money on a daily basis because if that happens, casinos will go bankrupt in no time and they would probably not allow that or they will be out of business.

As long as one is gambling but seing no positive results in response to how he has been giving it in gambling then the next thing is to take note and act accordingly by finding an additional means to source for an income by not totally depending on gambling for sustainability, even the casino owners don't arrived their targets sometimes in gambling and it's not about the establishment of a casino alone that all matters, their demands for maintenance as well, only few gamblers made this lucky win of hitting the jackpot while many only gamble to create scenes in having fun.

Your position offers a compelling perspective. In essence, gambling is a zero-sum game; for every winner, there's a corresponding loser. So, pivoting to other income streams is a strategic move. In terms of Expected Value (EV), the house always wins over time. Therefore, the rationale that one can't sustainably 'beat the house' holds significant weight.

Yet, this notion needs a bit of nuancing. There are professional gamblers who, using statistical techniques and sophisticated models, attempt to tilt the odds slightly in their favor. It's a high-risk strategy, fraught with pitfalls, and certainly not recommended for most.

As a rule of thumb, your take on only gambling with what you can afford to lose is sound advice. It keeps one's financial health in check, and ensures that gambling remains a leisure activity rather than a problematic habit. Moreover, the need for diversification of income can't be overstated in this gig economy. Let's not put all our eggs in one roulette basket!

What you say seems to me to be extremely reasonable and is what I recommend for casino games, which is what I think the discussion in this thread has focused on. However, I would like to remind you that playing poker you can obtain positive results in the long term, that is to say, you can win money on a regular basis. It is not the only discipline poker, also sports betting and it seems that horse racing, I do not know if any more.

Winning poker players do not usually like poker to be included in the concept of gambling, but for legal purposes it is.

Making a living from gambling would never be advisable because it will be difficult for us to win. We can only play gambling for fun; if we are lucky to win, that is a bonus for us, but we don't need to continue playing gambling because that can make us experience defeat. It's better for us to find other ways to make money so we don't feel like we're losing money, especially from gambling. Once we can find a way to make money, we can use a small part to gamble to get the two things we want. We have to be wise regarding gambling because many people have lost and run out of money at the gambling table.

Gambling is not about getting quick rich, it is an activity to have fun not for making money. A steady income is possible only with investment or business but gamblers can't make it for a long time, IMHO. Gambling as a form of business has the same purpose to be created by owners: Making money. Since our loss is profit for the house, any business model will not let such a "steady income" case happen. That is why gamblers shouldn't fall in such schemes and trust other people's opinions.

Usually this would really be pertaining into those noobs who do really have that kind of initial belief that gambling is the solution of their poverty on which they would be mainly
thinking that this might be the way on making themselves rich and this is why on the time that they do gamble then for sure they would really be having that all in kind of
approach when it comes to their gambling spending until they would all be busting up in the end and would really be having those realizations that it wasnt really just that right on having
this kind of treatment towards gambling because it cant really be that possible .Everything matters with luck and something that should be instill out into their minds on the first place.
You would definitely be having that kind of regret which is normal because it do always come at the end and on the time that you do able been slapped by the reality.
Gambling is for entertainment and there's no such thing about easy money into it. Risks always there and always make just use of the amount on which you could really
afford to lose so that you wouldnt really become that too impulsive.

the truth is harsh, but it has to be said, professional gamblers don't put money into gambling to make profits precisely because they know that you don't make profits from gambling, they realized that many years ago, so what do these professional players have done and simply create youtube channels and talk about how to place sports bets while earning money with youtube followers and other social networks, they also keep giving courses that charge money, open telegram channels and then charge subscriptions

people don't know anything about gambling and sports betting so they don't research whether or not the guy who is a professional bettor is making bets and how much money he is betting, people are blindly believing in the professional bettor and what is most shocking about it all and that the guys who are professional gamblers do not tell people to spend money in casinos, so they are not wrong, they just talk about how to use casinos and how sports betting works, that is, they just show knowledge, but people use this knowledge in the wrong way, they delude themselves thinking that they will profit from gambling, but they end up losing everything and their lives are destroyed

Many of those who first get involved in gambling think that gambling is a medium where a gambler can easily earn money. Especially if a sports bettor believes that his favorite bet on a team is sure to win and he will thus have a chance to earn a lot of money. But in reality it is not possible to find similarities there. Because gambling is not a money making machine. But those who will bet there with knowledge and experience, even if they do well in gambling, it will not provide any guarantee of income.

That is a valid point. Knowing that are very few people who make profits from gambling and even that is unstable shows us that how incredibly tough it would be for anyone to sustain profits in the long term.
Besides that, the mental stress and constant pressure from our closed ones would end up making us a bad person in their views.
I personally think there should be regular campaigns to raise an awareness among the people that gambling is just for fun and entertainment.

One thing to remember is that the house will always win with your money, so it won't be easy to get consistent income even if you use different techniques from other people or different strategies because in the end we won't be able to win big money, it's just less than 1% get daily wins on gambling platforms.

Luck will indeed come in different places to different people, but as a suggestion, never make this gambling a permanent source of income because that is clearly impossible unless you gamble for sports betting, it makes more sense than playing slot machines in casinos without a strategy, just waiting for a win or that's all the money is gone. 

Stay put, gambling is never a viable choice for making revenue. I know what I'm saying, the entire process should not be trusted; it's unpredictable, and the odds vary. Despite the fact that both gamblers invest the same amount of capital on the game, the odds for option A gambler differ. Everyone works out a plan to ensure they have a steady source of income, and it astonished me that some considered gambling to be a means of placing food on their table, some are financially stable, while others are not. What matters is the technique used to gamble.

To cap it all, don't gamble blindly, if you're tge type that only depends on gambling bets to earn a living then you have to double up and sit more tight to find other means to serve as additional income source, plan your life and don't let gambling plan it for you because you may not like the end result, make commitment to your source of income not to spend them all on gambling, also gamble with moderation, avoid excessive risk, don't rely on gambling to earn, have other alternatives to generate income from and use the amount you can afford to loose for gambling.

Everything used way too much becomes an addiction, whether it's gambling or something else. If you don't know how to limit yourself and only spend a limited time and resources on a specific thing, you will get addicted to it pretty soon without you even realizing it. You will initially feel that it is all fine and you are doing everything under the limit and everything is under control, but that isn't actually the case.

Soon enough, you will realize that you are now totally addicted because even when you try, you can't stay away from that thing, especially if it's gambling, you can barely stop yourself from gambling and that is because you have become addicted already.

Those who often play gambling want fun and make money but unfortunately, they run out of money without being able to make money. If they gamble, they should just do it for fun and never think about making money. It will be more difficult to obtain because we must have great luck.

To solve their internal psychological problems, they should look for others who don't need money and lose money. Many other things can help them to reduce or solve internal psychological problems.

If they can be responsible and control themselves, they can get pleasure from gambling. But most of those people will lose responsibility while gambling and, instead of having fun and relieving stress, can get frustration and other stress. They must have self-control before playing gambling because gambling can make them want to use more money to make money. If they can't do that, they shouldn't get anywhere near gambling and should look for other things. Gambling should not be used as a means to make money but only to get pleasure and after getting pleasure, they must stop immediately.

Yep, we should set a gambling budget every week or month and never go over that limit. I set that limit for the week and so far, it's been going well where I don't interfere with the money used to meet my daily needs. And I can enjoy playing gambling even though I don't play gambling every day. But it really helped me to be able to control myself and be able to avoid gambling addiction. I agree that we should have good self-discipline and not follow our emotions because if we follow them, we will deposit more money when ours is running low.

One good thing about this professional gamblers is that they are not greedy type of gambler, when they bet, it will be in an amount that will be huge with small odd like 2.5, they can used that probability event to turn millions into millions and there games are always selective, they also don't gamble on matches that are demanding and popular like final matches, they pick there matches in leagues that are not too serious and not too lazy, this is how they make their millions. However, if it were to be an average gambler that want to bet, he will go over 100s of odds to play a thousand to win millions, they are usually blind by greed to see prosperity.