Topic: Gambling is not a steady income haven - page 29. (Read 4077 times)

consistent income cannot be obtained by gambling or developing a casino reserves, but obtaining a decent paging job is a simpler type of steady earnings. Building your own personal casino is not something you can do at the present time; it requires critical planning and research in order to assess the upcoming problems; everything has pros and cons, and the sooner we recognize that, the less losses we will incur. Preparing the mind for greater things can result in large sums of money being earned, but if things don't go as planned, large losses will be incurred.

I also think that it only exists in the film, not in the real world of gamblers successful because of playing casinos, after all, there aren't many gamblers successful because they gamble, just look at many people who lose money at gambling tables especially in online casinos, that's why I never want Looking for money from gambling let alone be a source of my main income. It's better to work to make a living than gambling.

Gambling just to have fun to fill the void of time is nothing more than that, that's why I do not have the target of victory or achievement of something to get money from gambling, I'm sure even consistent people will not be able to get a steady income in the casino.

Anyone in their right minds doesn't consider gambling as a source of income in a daily basis like it's a 9-5 job. But gambling places certainly have some few options where you can have a steady income, you will either become an agent, casino staff, become their security officer or anything that employs you to a certain casino. That's the most appropriate way of having a steady income flow.
Having your own casino does not really guarantee you will have a steady income. There are a huge risk associated with it, just like the other business models. You are not certain if your casino can sustain the level of competition in the market today. So, owning a casino is another way of losing a huge chunk of money. Again, there's no better way of having a stable income inside a gambling place other than being employed to that specific casino. Luxurious casinos usually has a good tip for the selected casino staff.

Gamblers actually understand this, no matter how long they have been involved in gambling, they understand that gambling cannot be used as a way to get a steady income, because the results of each gamble are very unpredictable, even when we play games based on skill there are still times. where the results are not as expected, even though we already have good skills in the game, so we think gambling is just for fun.
But it is undeniable that initial intentions can change greatly because of the results you get when gambling, when you can win in a row, when you can get a jackpot, or when you can win with life-changing amounts, will also change your initial thoughts about gambling, which at first was just fun become a routine activity to get a steady income, and usually when the intention has changed, the results will also change because pressure makes players make mistakes so that they experience bigger losses than they have ever gotten.

Affiliate system offered by the gambling platform can be a source of steady income if the referrals are established.  That is the only option for the player of the casino platform to have a possible steady flow of income. 
Sports betting can also be one of the steady sources of incoming if the player happens to be very knowledgeable of the sports he is betting but the problem is the bookmaker where they cut off any player that has steady and continuous winnings. 

Building a casino is not a simple matter, we need a huge amount of money to serve as a fund for bankrolling and another fund for a website, in-house games, staff, and document processing.  Those casinos that have minimum funding often get bankrupt when a player hit huge winnings.  So there is more risk on the owner than the player himself.


Since online casino is easier to access, most gambler flock to play on it.  I agree that we should be mentally strong in order to resist temptation and greed brought by the allure of winnings.


I do not know if people really look at playing in gambling platform as investment.  I would like to know if anyone here in the forum thinks that engaging in gambling activities is an investment.  Aside from the owner and platform investors, I don't think gamblers see gambling as an investment they maybe see it as way to win money and profit or as source of entertainment but I never heard from anyone that they see gambling as an investment.


This is the reason that players don't see gambling as an investment.  They are bound to lose than make money if they intend to do their session very long.


This should be the case, it is better for a player (gambler)to see gambling as a sort of entertainment, not a money machine or an investment scheme.

I quite agree with your point. You will not be able to get a steady income from playing gambling, unless you are a master or someone with super luck or you are an owner. Most people think that when they play gambling they will be able to get a stable income from it, even though their chances of losing are far greater than their winnings, and people like this are careless enough to put their lives on gambling activities. I personally think that gambling is entertainment, if you win it's great, but if you lose it doesn't matter because you are ready for it. You need a main job, don't think that when you win 10 or more USD you will get it forever, sooner or later this money will run out and don't regret being broke.

gambling will always be close to addiction and for me that addiction stems from the mindset of gambling for a steady income or to multiply money. from this problem, many gamblers, regardless of self-control, always think about their losses and defeats and always fail when they control themselves not to be emotional.
on the one hand, there are too many gamblers who go from casual gamblers to compulsive gamblers and end badly.
so it is very important to have realistic thoughts about gambling as a place to seek entertainment or a place to seek momentary pleasure with good self-control not to use too much money to gamble and always use money that can afford to lose.

There are really people that are making a living from gambling; I've seen documentaries about it, but again, not all of us could be like that, as even those gamblers have businesses so that they can still be rich because it is not always guaranteed to win in gambling and also because it is really for entertainment. Also, running a casino right now isn't guaranteed you could become rich on this because the competition in the online space right now is very difficult as there are really established casinos right now.

This is a summary that any user of this board, and any gambler in general, should have before putting false hopes in gambling, but there are many who insist on the opposite no matter how many times you explain it to them.

Even being the owner of a casino is not all plain sailing. When the customer bets you will have the mathematical advantage but you must invest in advertising to attract people to the casino, in security, in staff and in knowing how to manage the banrkoll with maximum bets to avoid going bankrupt. If you're a customer, a gambler, the money you're going to bet, you might as well consider it lost, and if you win it's extra money, but you've won despite the odds being against you, not because you're very clever or because you've found a strategy.

It's difficult to build a casino if you don't have much capital. Besides that, as owners, we must have to employ several people who understand the code and how to operate the casino which I think is hard also to find a credible person right now. I know that, because my friend was building the casino in the past, he has enough capital but doesn't have a credible worker, his employer was always making the mistake, and making the casino going to bankrupt. Sad to hear that casino gave up is not because of competition but by the un-credible employer

So, if you don't have already resources and capital, better just to be a player,  but of course, you must have good risk management and emotion to handle all situations.

Yes, if it's anything about gambling. OP has mentioned it for being the owner or a developer of these casinos.

I agree that it's common that we do have to gamble for fun so that we won't even feel the tough pain when we lose. And that is because we gamble for fun and if we do so, we have to make sure that the money we're losing and if we're not lucky enough is totally fine to go away.

Quite harsh but there are professional gamblers that do make money out of gambling even if they know it's unstable.

In fact, I would like to know who was the first person to say that gambling is a source of income.
This is something absurd that someone "invented" and spread around the world.
Gambling should be treated purely as fun/entertainment and your possible profit is a consequence of it in the same way as your loss.
In some sports betting categories or in card games, it may even be possible to have an income (not guaranteed) as these are betting types that depend much more on the player's skill than on luck to make a profit.

Having said all that, I confess that I don't give up gambling anymore, but I never saw it as anything other than entertainment, and that's what all gamblers should keep in mind.

Those who are seeing gambling as a way to get stead income didn't wanna try to work even harder. They think that by rolling their money in the gambling platform will able to give them instant profit everyday without even losing it.

It's totally wrong. I will be telling those who will ask the same question about that to get a job in real life. This will give em steady income.
So many people were seeing gambling as a way to doubling our money. It's a very wrong perspective to be honest.

I hope that less people to have such mindset. The only stupid people who will consider gambling as a way to get steady income.

what do you mean when you say that only a handful of lucky gamblers who hit a jackpot were able to keep it? Do you mean that they continued to gamble it all away until there was nothing left or you mean they went through the same process some lottery winners go through and simple waste their money on frivolous stuff which does not help to preserve their new acquired wealth?

Also, I thought that the think we talk about in this thread were obvious enough already, no one should try to make a living off rolling dices. 

Is there anything steady about gambling? Most of all, getting more incomes? I think not.
The idea that one can make money gambling or earn a living out of it is false. Yeah, a few people have been very lucky with a jackpot but, only a handful out of those was able to keep it. A lot of others returned it right back to the bank. That's often the case when you have some dependability on gambling.

Gambling shouldn't be or isn't something you put your survival on.  You gamble for fun and if you get lucky, then your lucky and if not, you just have to leave with them loses wherever incured.

Gambling is not a steady income provider. There are people who does it, but for the same they could've lost big and gained big experience. Now they have some principles of having patience, taking break if the bets doesn't favour, spending very limited time per session, no going with some targets. This too doesn't work, if we were unlucky. Just a small amount for the month will get you the best of entertainment as well as lets people stay away from unwanted money issues as well as avoid getting frustrated.

Having gambling as a stable source of income really applies to the owners and the operators. But if you're the casual gambler, you don't ask for it.

Even if you're disciplined and you want to make gambling as a stable source of income, you'll have hard time doing it because everyday is like a tough day for you.

You'll have losses no matter how good you are and no matter how disciplined you are.

The truth is that some people do gamble for a living, and are very good at it.  However the vast majority of people aren't so lucky, and try and make gambling their job, but end up just pissing away their money.

I agree with you, set limits.  However "Online casinos are places where it's certain that you will lose your money" I don't agree with this statement.  At the end of the year I am typically up overall. Maybe not by a huge margin, but still.  Not everyone loses.

The entire premise of making a regular, steady income from gambling is complete nonsense. It is mathematically impossible to do that. The house edge always wins and there is no point in arguing such a fact. Of course anyone could become a millionaire overnight but how often does that happen?

Gambling is only a problem if you let yourself become addicted. There are many ways to avoid getting addicted, all you have to do is self-discipline yourself and make a strategy. If you say only an x amount of money should be gambled per day, then do not go above your limits and know when to quit.

If you gamble without a plan, all you are doing is setting yourself up for emotional accidents.

You have to remember that the term gambling can't be called gambling if it's always about having a steady income or profit doing it. With just understanding the term itself, gambling is a risky method therefore it's sound dumb if others will think of it as a steady-income generating machine.

There might be gamblers that able to change their life completely into success because of gambling. The key here is being a disciplined gambler, like for example, when they experienced winning big money, they used that money into something much better or turned into a good investment that's why they are able to have another source of income while still doing their habit of doing gambling.

Actually, there are lots of gamblers who win big in gambling but since the feeling of winning big is something really special, they aggressively want to experience that several times not realizing that all winning money is now lost on the progress chasing for that winning experience.