Topic: Has anyone been able to make steady income with gambling ? - page 5. (Read 1281 times)

Forget about the fun first, even if you make it as a source of income, it's not possible to be making a steady income with gambling. Yes, I know we can not argue that some people have made money from gambling but it's certainly not a reliable source of income and the odds are always against the player. In fact, even those who make money from gambling often rely on luck. No matter how you do the maths and calculation, you can not always get right and you will end up losing despite the strategies you used. If the OP is talking about other aspects of gambling other than betting, then it's possible. Like running a gambling shop where people come to place their bets, partnering with gambling site operators and agents are other ways you can earn money from in gambling.

No in gambling nobody can earn passive income as it is not a type of job but it is based on luck so when luck helps you then you will win otherwise it is difficult for you to get profit out of your used money in gambling. One can easily obtain salary but for it you will have to do certain job whereas in gambling you are not doing a job but you are examining your luck.

You don't know that the bet which you put will be right or wrong therefore your future is not guaranteed that will you win or loss your money in gambling. Gambling is a risky thing and if someone is searching about income then I think that he should do a desired job or settle a business because gambling is not a way to earn income.

That should be the strategy to use by newbies but unfortunately majority fail to do consistent execution since once they think they are bullish these people try to increase the size of their bets then try to earn huge. But sudden changes of phase happen and the result of their greediness show since they lose what they think a good bets they made. That scenario is a wake up call for people that they should not do anything more risky especially if they are playing gambling since the result would surely not be favorable to them. If they lose then its really better to take a break since pushing cause a lot of stress and that could end up in a big mess for us. Every gamblers should really have a plan on everything they do and they should not only focus on budgeting but also proper planning on strategies they should use.

I think one type of gambler who can make a living out of his games is poker player.
A lot of poker players especially those professional ones are surviving owed to their tournaments.
But this game needs a lot of years of experience and practice to hone your skills and acquire tips and tricks.
And once you mastered this game, you can really survive just by playing poker game.

That's correct, that's the right approach when it comes to gambling.
We can never make it like a day job, especially with online gambling sites. Just recently I made x10 of my capital betting for just a small amount and it took me 2 days to earn all of that. The next thing I knew, everything was gone including my capital and they all took it back like it was nothing.
I can still remember how it all happened. I never felt the provably fair thing in all my runs and in every casino game that I go to, RTP doesn't exist anymore when you just won a lot.
Sadly, I never had the chance to withdraw because of my greed to reach x15 before I cash out.
This is the biggest reason why we cannot make it as a job unless we are good at sports betting, there we have more chance to win if we know how to analyze the game.

Those who will be gambling with small amounts and still be consistent with it are those who can actually control themselves. Unfortunately, most gamblers start with that kind of mindset, but at a later time, they end up adding risks, and before you know it, they lose all their money. This is mostly caused by the gamblers seeing and having access to their deposit on the platform and trying to gain back their initial losses which is a bad idea. In this situation, you have to just take a break, you have to force yourself to close the gambling platform and never return to it until at least the next day. This is why it's good for every gambler to have plans, and with daily, weekly and monthly budgets. If they could have this, they would know the time to let go at a spot if they are losing and not winning instead of accumulating losses until the whole account is ruined.

I don't want to believe that it's possible but since we have some games that are skill based it's possible, if the gambler have their own gambling strategy they might be able to make income from gambling, might not be steady but gradual income like weekly is good enough, but still I believe that looking for such income through gambling is not safe, many people are losing money because they want gambling to provide for their needs.

Even if a strategy is working for you today it will change some day and stop working, remember that when you win too often the casino change the game, the short answer is that casino ain't ever going to be happy after your every win, they want you to lose it's the only way they will win.

If there is really a way that someone can make steady income from gambling I will like to know, the reason why I prefer to be careful with gambling is because of the chances of losing money is too high and this is why I am using a very small amount of money, I don't want to risk the amount that will set me up for greatness if I invest the money instead of using it to gamble..

You are free to go the route that suits you, only make sure that you are a responsible gambler.

I agree with you that it is not possible to understand the odds of gambling so starting small will have much less risk here. Even if you lose the person will not be disappointed. There are many gamblers who want to win big and become greedy and take risks by betting large amounts. For gambling you have to bet with the mindset that you will lose and win and if you can control your emotions everything will seem easy. When you lose your money in the casino it is better to stop making big bets if you continue not to be able to recover all the losses.

Your question has one direct answer and that is no. I don't think that here any gambler was able to make a study income from doing gambling. Bro gambling is all about luck. When you are lucky you win and when your luck don't work you face lose. Now if someone tells you that it is possible to make a steady income from gambling then it is 100% sure that he is lying. Also I think gambling should never be considered as a source of income it should be limited to only entertainment. What you say that for less chance of making steady income you suggest that players should play with less stake. In this case I will say that stake that much you can afford to loose. And never play gamble as a moneymaking income source.

Not just gambling, but most everything that is a game has both sides to it. Keeping the winnings? What do you mean cashing in the winnings?
It's good that they are like that, doing what you said with,  every win that even if it's small if cashing it in it will be beneficial for them by not continuing the game because they feel dissatisfied with the winnings that have been obtained and make them want to get a bigger win that is not necessarily going to get it again when they get the previous winnings , so it should be no matter how small the winnings that are obtained it is better to immediately cash them in order to avoid a bigger defeat  and they must avoid greed before they lose more money It is also not possible to make gambling a regular income that is not recommended.

That's very impossible, I'm not sure what you're saying, except for those who get a big win and can change their lives from not having enough to having everything. If to get a steady income and even make a living, it really doesn't make sense, because everyone knows that to make a living you have to work, unless they themselves work in a gambling company or casino, that can only be said to be making a living, but if gambling is used as a source of income in my opinion it doesn't make sense, I repeat in my opinion it doesn't make sense.
The logic is this, gambling is only a form of paid-based entertainment, and money as a medium of exchange, in gambling there is already a bookie who organizes all the games, and as far as I know the bookie doesn't want to lose. But the bookie also does not force people to always gamble, it's just that many people misinterpret gambling, such as making gambling a permanent income, that's wrong broo.
But whatever, I just put out what is my opinion, maybe people have different points of view.

The income of gambling is a kind of stable income if you are expert in it. But sometimes people faces losses beacose something experience doesn't work and luck don't fevour. If sometime luck fevour then people gain huge amount of profit. It's not stable income but the earning from gambling people can start business or make a platform of stable earring.

Getting a big win will depend on luck and the skills a person has because a big win will be very difficult to get. If they can win, it should make them happy and they can think about stopping themselves from gambling. But what happens is that they continue gambling and still hope to get a big win. Even though they can win, they won't always be able to get it often. We can only gamble and enjoy it and will not try to chase victory because we have seen many people fail in pursuing victory. Gambling using money to make money is still one of the ways people use to earn money, but they should look for jobs that can actually give them money.

Luck will only come sometimes and cannot always be there every time they gamble so they have to keep their thoughts away from chasing their winnings. And that is why we cannot make gambling our main source of income. And I agree with what you suggest about working in a real company so they can get a salary that can be their main income. That would be better because they could earn money every week or month and not have to think about making money from gambling. But they can still gamble for fun without thinking about anything.

By just playing? I don't think it's possible (having a stable income) since luck is a major factor to win. Therefore, it will be hard to profit consistently. In addition, it is not advisable to play with a desire of gaining money, just play for fun.

That's how it should be. If you're fortunate to have a chance of winning huge, use it wisely by not going to spend it all again in gambling. Refrain from doing so, otherwise you might regret not enjoying your winnings just because you can't control yourself.

Very well said, mate! estimated winning is much smaller compare to losing that's why gambler tends to gamble more because they are chasing their loses. some slots machine are truly random and there's no guarantee of winning unless there's a cheating incident wherein slots has been set up to winning only but I haven't heard any incident like that. I prefer to do gambling while having a stable job or business but I always suggest to others that gambling should not look as a main source because it has no potential to be treated as stable job. Gambling is just an entertainment not a job.

Yes, that's true, because the estimated winning percentage is smaller than the losing percentage. Even though there will be a big win to be had, it won't be easy to get and not everyone can get that win, only people who have strong luck can get that big win. And it's also important to remember that slot machines are random and there is no guarantee that someone will always win. There are also other factors such as machine volatility or variability that can affect how often they win or win prizes. Because gambling is paid, if those who are not ready to lose their money can look for free demo-based slot sites, the sensation will be different from those of us who use real money to gamble.

The luck they have will not always accompany them to always win, nor do they have to use gambling as their main source of income, as you said, to get a steady income they have to work in real companies, they can also work in a gambling company if they can join it, after all there's no harm in it. It's just unethical to make gambling your main income, because the percentage of losses will be greater than the percentage of wins.

How we call other money made not from gambling but from other gambling activities and how do we need to make this money. By the way, are you by chance implying talking about gambling, giving gambling odds for pay, or lending money to other gamblers to pay back with interest like someone here suggested some days ago in one thread.

Many poor people get rich using the gambling site in one day,the initial involvement to the gambling site will help to achieve in the gambling site one day.The gambler also lose the game,but he should not emotionally affected because of the lose games.He will get the chance to win the game of gambling one day.The gambler who want the big win should ready to lose some initial dollars in the same gambling sites.Making of the good amount of bets help to understand the risk in the gambling.It also helps to earn the value of the single dollars,if the gambler start the game with the small dollars the risk will be low to loss the entire game.But the possibility of winning the small dollars,it was the safest game at the end.

As said good money management and strategies could bring consistency in win and steady income. All that required is the patience and the right exit strategy. Most of the time gamblers have a mindset to win what they've planned for the day. At times we can feel that the luck isn't in our favour, even in such situation we should not urge. This means if someone have a plan to earn $10 and out of luck they were able to win $8. For the $2 one should not have the urge, we should leave it for the day. This kind of gambling could bring better earning.

We can make alot of money from gambling but that does not really have to necessarily be from bets because we can have the privilege to win when we gamble and also loose as well when we are gambling, there are many gamblers that works for some organizations and get paid to use the money for gambling or for their life sustainability, but there may not be a regular income from making bets when we gamble.

I don't think skill really plays a role as much as strategy does, with a good strategy you can actually make money with some level of consistency, because I believe there's no 1000% consistency that will guarantee steady or consistent win but then by ratio you could win often.

When you get a very good strategy that will include both your money management and risk management put together so you be able to stay consistent with your logic decisions but then it's not a guarantee it plays out everytime, there are times it will fail but staying consistent to it gets you to win some day and turn out profitable much more than you would have done with just skill.