Getting a living from Gmabling alone is possible? - page 4.

phibay

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Quote from: Battareus on November 04, 2015, 11:45:09 PM

Quote from: patt0 on November 04, 2015, 07:40:52 PM

From day one I think it's impossible. You require time to adjust your technique and gain some skill. You could to paper gambling to test it, but you still need some time with real money to test the control of your emotions etc.
But yes, if you are good, then you can live from it. But I think only in poker, trading and sports betting.

You can live from it, if you have a big start capital and loosing not too much Cheesy

losing not too much is not guaranteed on gambling, so i think you are wrong Cheesy

being lucky will help you live with gambling, not the big capital.

Battareus

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Quote from: patt0 on November 04, 2015, 07:40:52 PM

From day one I think it's impossible. You require time to adjust your technique and gain some skill. You could to paper gambling to test it, but you still need some time with real money to test the control of your emotions etc.
But yes, if you are good, then you can live from it. But I think only in poker, trading and sports betting.

You can live from it, if you have a big start capital and loosing not too much Cheesy

knightkon

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There are people out there that do this and I know a few of them, but it is no longer a game for them Making gambling a living takes away the fun of the game for them. There is a lot of time and money that they have invested into learning how to make the games work in their favor. So yes it is possible if you really want to take the time to learn how to play the game and beat the odds. Keep it as a game and have fun with it.

adaseb

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Quote from: patt0 on November 04, 2015, 07:40:52 PM

From day one I think it's impossible. You require time to adjust your technique and gain some skill. You could to paper gambling to test it, but you still need some time with real money to test the control of your emotions etc.
But yes, if you are good, then you can live from it. But I think only in poker, trading and sports betting.

No paper gambling or paper trading or demo gambling/trading is very bad. Its easy to make money on paper. But very hard in real life.

patt0

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From day one I think it's impossible. You require time to adjust your technique and gain some skill. You could to paper gambling to test it, but you still need some time with real money to test the control of your emotions etc.
But yes, if you are good, then you can live from it. But I think only in poker, trading and sports betting.

Aemon

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Quote from: wearepoor on November 01, 2015, 04:54:08 PM

Quote from: Oscilson on November 01, 2015, 04:43:13 PM

Quote from: pjsonowal on November 01, 2015, 07:11:01 AM

Very Risky.
Gambling doesnt guarantees you income.Thats why dont go with gambling to earn living , i will call it a foolish plan.
There will be a point when you will fall into DEBT-TRAP

Gambling is a good way to enjoy and pass time. Just do not put too much money as stake. Do not expect to win to make a living.

Agreed with you, its not possible to live a good life from the money received from gambling. To live a good life everyone needs a fixed monthly or weekly income and its very difficult in gambling. There is no guarantee of fixed income so the life will be really difficult.

Actually it is possible, you are wrong tons of people do it and have been doing it.

http://www.celebritynetworth.com/richest-celebrities/daniel-negreanu-net-worth/

50 million dollars, but yeah he probably isn't living a good life

wearepoor

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Quote from: Oscilson on November 01, 2015, 04:43:13 PM

Quote from: pjsonowal on November 01, 2015, 07:11:01 AM

Very Risky.
Gambling doesnt guarantees you income.Thats why dont go with gambling to earn living , i will call it a foolish plan.
There will be a point when you will fall into DEBT-TRAP

Gambling is a good way to enjoy and pass time. Just do not put too much money as stake. Do not expect to win to make a living.

Agreed with you, its not possible to live a good life from the money received from gambling. To live a good life everyone needs a fixed monthly or weekly income and its very difficult in gambling. There is no guarantee of fixed income so the life will be really difficult.

Oscilson

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Quote from: pjsonowal on November 01, 2015, 07:11:01 AM

Very Risky.
Gambling doesnt guarantees you income.Thats why dont go with gambling to earn living , i will call it a foolish plan.
There will be a point when you will fall into DEBT-TRAP

Gambling is a good way to enjoy and pass time. Just do not put too much money as stake. Do not expect to win to make a living.

pjsonowal

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Very Risky.
Gambling doesnt guarantees you income.Thats why dont go with gambling to earn living , i will call it a foolish plan.
There will be a point when you will fall into DEBT-TRAP

BitCentral

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Quote from: dothebeats on November 01, 2015, 04:30:49 AM

Quote from: Nimbulan on October 28, 2015, 04:56:00 PM

i believe it might be possible if you play for example a lotterie that you can buy for a small amount of money and you win millions from it though by playing in a casino you cant make a living im pretty sure

An asteroid hitting Earth has a higher chance of happening than someone winning the lottery. There are millions of combinations in a 49-number lottery, so the odds of winning are ridiculously low. Casino would bust you sooner if luck isn't on your side.

I would prefer start business from scratch until it bigger and bigger. Than just hope i can win lottery and get a lot of money.
A lot people cannot cultivate their money, when they got Big money. And lose all of it into gambling again..

BTCevo

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Quote from: Oscilson on October 30, 2015, 05:31:56 AM

Quote from: zimmah on October 29, 2015, 12:33:11 PM

You can't get a reliable income from gambling, since all games are rigged in favor of the house.

As long as you are not the house, you'll lose.

The only form of gambling you can make a profit at is poker, but than you'd need to be better than the others at it. And even than the house makes profit from rakes.

You might win in a short term, which is mainly because of good luck. In long term, you will lose mainly due to the house edge, which is in favour of the house.

Depends on how short and long term that you mean. If you only bet a little bit like 0.0001 or 0.00001. You should make it in a long term and most people will do short term just doing yolo like hit it using 0.1 or 1 btc. But most of this yolo will lose and probably long run will sure earn a lot. But still it depends on your luck when you are gambling it no matter short term or long term

BitCentral

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Even an expert gambler experience ups and down.
So you cant say to get a living from gambling.

dothebeats

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Quote from: Nimbulan on October 28, 2015, 04:56:00 PM

i believe it might be possible if you play for example a lotterie that you can buy for a small amount of money and you win millions from it though by playing in a casino you cant make a living im pretty sure

An asteroid hitting Earth has a higher chance of happening than someone winning the lottery. There are millions of combinations in a 49-number lottery, so the odds of winning are ridiculously low. Casino would bust you sooner if luck isn't on your side.

davinchi

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Quote from: Xenoph0bia on October 31, 2015, 11:12:02 AM

Quote from: Oscilson on October 30, 2015, 05:31:56 AM

Quote from: zimmah on October 29, 2015, 12:33:11 PM

You can't get a reliable income from gambling, since all games are rigged in favor of the house.

As long as you are not the house, you'll lose.

The only form of gambling you can make a profit at is poker, but than you'd need to be better than the others at it. And even than the house makes profit from rakes.

You might win in a short term, which is mainly because of good luck. In long term, you will lose mainly due to the house edge, which is in favour of the house.

Agreed with you, all the houses are designed in such a way that you will win some small amount but in the long run you will 100 percent loose the money and you will be in debts. So as per me its not possible to live a good life from the income received from gambling.

Yes house edges are designed with that kind of mechanism.
It's not possible for anyone as gambling is only a luck based game where one can win a lot of money in one bet while one can lose all their money in one bet. Hence gambling should be done with an amount that one can afford to lose and should be played just for fun. It shouldn't be the only amount a person has. There have been cases where people have won a lot by gambling but that's because they risked an amount that's huge

Xenoph0bia

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Quote from: Oscilson on October 30, 2015, 05:31:56 AM

Quote from: zimmah on October 29, 2015, 12:33:11 PM

You can't get a reliable income from gambling, since all games are rigged in favor of the house.

As long as you are not the house, you'll lose.

The only form of gambling you can make a profit at is poker, but than you'd need to be better than the others at it. And even than the house makes profit from rakes.

You might win in a short term, which is mainly because of good luck. In long term, you will lose mainly due to the house edge, which is in favour of the house.

Agreed with you, all the houses are designed in such a way that you will win some small amount but in the long run you will 100 percent loose the money and you will be in debts. So as per me its not possible to live a good life from the income received from gambling.

Oscilson

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Quote from: zimmah on October 29, 2015, 12:33:11 PM

You can't get a reliable income from gambling, since all games are rigged in favor of the house.

As long as you are not the house, you'll lose.

The only form of gambling you can make a profit at is poker, but than you'd need to be better than the others at it. And even than the house makes profit from rakes.

You might win in a short term, which is mainly because of good luck. In long term, you will lose mainly due to the house edge, which is in favour of the house.

Tstar

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Quote from: leex1528 on October 29, 2015, 11:33:39 AM

Quote from: poplolnman on October 29, 2015, 04:58:07 AM

Quote from: Tstar on October 29, 2015, 04:43:29 AM

Ok thanks, just one thing: check the link you gave me it does not redirect to the correct page. Do it since other people might read that.

sorry i didn't use a hyperlink tag, so maybe you can copy paste the link below

Code:

https://en.wikipedia.org/wiki/Martingale_(betting_system)

i would't recommend you to use this method in another gambling games like dice, bj, etc. just do it in sports betting with some analysis sure. it should work if you did learn properly.

Martingale is a decent strategy, but keep in mind you can go bust quickly with it. Even with sports betting. The doubling up on loss is basically betting 10,000 dollars to win a 100 dollars in profit. It can be dangerous so proceed with caution.

I was only curious about the system itself: I don't think I am going to use that. But it was an interesting read.

leex1528

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Quote from: zimmah on October 29, 2015, 12:33:11 PM

You can't get a reliable income from gambling, since all games are rigged in favor of the house.

As long as you are not the house, you'll lose.

The only form of gambling you can make a profit at is poker, but than you'd need to be better than the others at it. And even than the house makes profit from rakes.

True, I wouldn't use the word you will lose no matter what though.. You can definitely win but it takes a ton of luck in order to accomplish that. In poker, even if you are skilled, you still need to have luck on your side in order to win.

zimmah

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You can't get a reliable income from gambling, since all games are rigged in favor of the house.

As long as you are not the house, you'll lose.

The only form of gambling you can make a profit at is poker, but than you'd need to be better than the others at it. And even than the house makes profit from rakes.

leex1528

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Quote from: poplolnman on October 29, 2015, 04:58:07 AM

Quote from: Tstar on October 29, 2015, 04:43:29 AM

Ok thanks, just one thing: check the link you gave me it does not redirect to the correct page. Do it since other people might read that.

sorry i didn't use a hyperlink tag, so maybe you can copy paste the link below

Code:

https://en.wikipedia.org/wiki/Martingale_(betting_system)

i would't recommend you to use this method in another gambling games like dice, bj, etc. just do it in sports betting with some analysis sure. it should work if you did learn properly.

Martingale is a decent strategy, but keep in mind you can go bust quickly with it. Even with sports betting. The doubling up on loss is basically betting 10,000 dollars to win a 100 dollars in profit. It can be dangerous so proceed with caution.

Topic: Getting a living from Gmabling alone is possible? - page 4. (Read 9186 times)