Topic: Having a regular/steady income is important as a gambler. - page 14. (Read 2807 times)

As an active gambler they definitely need money to keep gambling, and when they have a steady income from their job then they can gamble and fulfill other needs, this depends on them managing their expenses so that it doesn't affect their financial stability because when someone feels they have a steady income they can using their salary without thinking about other things, they believe that they can double their income if they bet large amounts. Even though this is very risky because if their salary runs out, they have to wait for another payday, therefore they have to consider the risks and think about other important needs.

How does someone who has a steady income have any chance of winning just because it doesn't affect his personal life? Indeed, when we gamble, we have to use cold money or set aside a small amount of our main income. But this does not necessarily provide a chance of winning because win gambling random and we don't know about the opportunities we will get in the future.

Having a steady income is like a guardrail when you're into gambling. It lets you bet without messing up your life so you can take care of your everyday stuff like feeding yourself and your family. Even if you're really into gambling, having a reliable income helps you keep it in check. You can aim for bigger wins and maybe use the money for something more lasting like starting an investment. But of course it's important not to let gambling take over. Still have to find that balance to enjoy the game without risking everything

Gambling requires money, so except you are a criminal who steals other people's money, you have to be earning an income to be able to gamble, though that does not mean you would gamble with a large portion of your salary or income, but you must still gamble with your spare money or money you would have used to take a beer. Irresponsible gamblers wager with most of their funds and it affects them in other important areas of their lives, if you are a responsible gambler, you would find a good balance in all of these and have no problems at all.

My thoughts on this are that obviously you are right having a regular and safe source of income is important for anyone who wants to gamble in a regular basis and also plans to do so in the long term, however, that in the real life and the economical context of a household also applies to anyone who wishes to have a stable life, regardless they are a gambler or not.
Someone who plans to gamble and does not have a source of income is only accelerating their way to end up with nothing, even if there is a good administration of those limited resources.
As a rule of thumb, we all know that while one does not have a job or some way to wean money, one is not supposed to spend in unnecessary things, like entertainment, videogames, alcohol, candies, women or anything which is not completely necessary for us to get by with life. That is easy to understand, the problem is that there is people who do not gambling as an unnecessary thing or a way to get entertainment, but rather as a source of income, which is obviously false.

So, in general I agree with OP,  but we are talking about a very general topic applied to gambling. It kind of feels like this thread would belong to the Economics sections of the forum, instead of being here.

It's going so well until you mentioned this part. I mean it's definitely preferable to have a stable source of income but frequent gambling can deplete your reserves quite easily. What you could promote is establishing a bankroll and staying disciplined not to go over it. You shouldn't even start gambling if you have not established how much your acceptable budget is.

In cases where our income levels are more stable, instead of promoting self-discipline and increasing income, we are only destroying the initial advantage we had, a good financial support fosters a greater confidence in decisions, greatly suppressing fear because the support is extremely strong but gambling is a large-scale mining machine. The initial condition is just small cracks and is easily patched by a stable income but as things become more difficult to maintain and repair, the solid exterior was no longer maintained when it was hollow on the inside

If @OP is in the same country where I live, I would slap @OP's face.

Gambler must have a job first regardless it's a full time job, part time job or business. Life is tough, you can't enjoy this life and do whatever you want, even you're a billionaire's son, your parents should've taught you to study really high, continue their business and how to manage money.

The gambler with a stable source of income needs to manage his expensive properly not to get bankrupt in the process. It also depends on the amount of money he earns. Non gamblers who earn income, also take loans due to their financial responsibilities. Hence, a gambler who spends his earning gambling, should be careful not to end up in debt. That's why 1% of the player's income is quite very necessary in stabilizing the advantage of gambling for such players. Although, it's better for the income earner if he's capable of controlling his gambling habit. Grabbing the opportunity and knowing when to stop for a session. The process requires some sort of calculation for the gambler, which if he's not disciplined enough, could get in trouble with his money and business alike. No body is safe enough in gambling, not to mind the limitation rules in gambling. Which involves, risk, money and time management.

On other pursuits, yes! but for gambling? Nah. its not really that worth nor really that ideal for you to do so. This is why it would really be that best that you should really be having
that balanced spending and not really that totally be spending on gambling on which we do have different priorities in life and we do have our own families or we are really heading there.
This is why it would be better for you to save up money while you can because plans and preparation is something that it is really needed or something which is really that relevant.
You cant just make your life to be dependent on gambling alone and also you would really be that putting up yourself on possible addiction which we know that its never been something that good or better.

Steady income allows for gambling and other pursuits. We shouldn't ignore gambling's drawbacks. Financial stability is more powerful than feeding the addiction under the illusion of control. Stable income helps gamblers keep balance. Yet, this argument dangerously approaches defending gambling as a financial plan. No way. Gambling should never be a key savings strategy. It should be seen as a sort of amusement with its own budget, independent from critical financial obligations

Responsible gambling must be promoted. Knowing the chances, knowing the hazards, and not letting gambling eclipse financial and personal duties. As always, the house wins. Gamble with instead than over your head. Set limits, follow budgets, and know when to quit to promote healthy gambling. Such a gambler is accountable

Only ignorance and greed will make a person feel that he can increase his income through gambling. Gambling should be followed passively and not actively. A poor man who is addicted to gambling is likely to be involved in crime to keep fueling his hunger to gamble. Even when there is a win, most of them instead of investing resort to increasing their stake and this will certainly leave the gambler in regret because he will lose everything. Winning is good but what makes it admirable is when it is utilized in profitable ventures and not when it is used in gambling.

Having a steady income is the most important thing for gamblers because having a steady income means they can finance their gambling and this will not interfere with their other needs. Having a stable income will also allow gamblers to be able to manage their money and allocate it to gambling, so that they can set limits and reduce the stress they might experience if they were to lose.

Just imagine if a gambler doesn't have a fixed income, that means the money he gambles comes from things he shouldn't gamble on, such as the proceeds from selling goods, asking his parents, or other things, and I think that's quite an inappropriate thing to do.

I didn't find a recipe about this, what is the relationship between winning at gambling and a steady income, what are the stories and facts that lead to a steady income and winning at gambling.

I have been gambling for years and I have encountered many negative and positive experiences in the arena of gambling, balance, winning and many other things that I have seen.
In many cases I find they often win at gambling, but they don't have a steady income and instead they have a steady income but bad luck comes to them continuously, so what do I get in those two things.

I have a friend who has a fixed income, he gambles without using that money, there are many illegal sources of income that he uses in gambling, honestly I don't find the concept of gambling and fixed income.

You can say all you can but some stupid ass fuck out there won't still understand and before you know gambling has become an issue for them. There are so many people that gamble vigorously without even having something to follow up the habit some of my friends that see me gamble always complain but they don't I do it because am well aware of what am earning and I make it in a way that my gambling habit doesn't get to inconveniences me in any way that will result to me selling and doing all sort shit things all in the name to meet up.

Having steady and regular income as a gambler does not guarantee to have this winning. Though having steady and regular income makes your gambling activity consistent because you are able to fund it depending on your limit. Well of course the chances of winning is high because of the consistency but you may also take losing into consideration since gambling is based on luck.

In the first place, someone who doesn't have something going on in life that earns them money is not supposed to gamble at all, as they don't have all it takes to gamble.
 
For you to gamble, you need money to sponsor your gambling life, and for you to have that money, you need to work to earn it. Someone who is not feeding himself and's surviving on someone else's earnings is not supposed to be a gambler at all because you don't even have enough to foot your bills, so where will the one you risk for gambling come from?

No actually their are gamblers that do have an income but it doesn't come on a regular so in such situations the gambler might be too focused and deep in gambling because all his thought and calculations would be geared towards winning in other to increase his income so if the winning isn't coming forth as he expected then he might become unhappy and possibly turn into an addict just to chase winning opportunity and it might cost him to be deprived of some personal needs as a result of focusing all his energy in gambling in other to advance his inflow of money.


Of a truth people that have regular income even if they play frequently but they would be so relaxed and not focus all their energy or being too inquisitive about being desperate of winning because since the income keeps coming he won't face challenges of taking care of himself and his family while still gambling but a situation where the income isn't coming on regular basis it makes a gambler become more addictive and can possibly jeopardize his personal needs and that of his family.


Exactly, if a gambler doesn't have a stable income they can be involved in some weird lifestyle just to get money to stake games which is very bad and they tell lots of lies just in other for them to get money to stake games and since he doesn't have a steady income all his interests would be on winning thereby any little money he possess they would rush it to play gamble which is equal to being addicted and they could do anything possible just to get money to place bets. Likewise me, I know of a man who goes about begging his co gamblers to give him money to use and get food that he has gambled with his money and his feeling hungry and if you actually look at this fellow you would have compassion on him because he lives from hand to mouth and to gambling hall because since he doesn't have a steady income all his intentions are focused on winning thereby causing him to become a prey to gamble.
Basically, any gambler who doesn't have a regular income can result into taking loans and possibly using their property for collateral which is a very bad habit but if he has a stable income then it would enable him to set a limit to his gambling and use the remaining part of his money for other valuable things.

Having a source of income away from gambling is not only important but also crucial because if you don't have a means of income away from gambling then you can be sure to go bankrupt sooner than you can imagine because you are not certain and can't tell when you will be lucky or be having a bad day at the game so it's very important you take it very serious to have another source of income.

Gambling isn't supposed to be a thing one should be reliant on to getting money but if you are lucky you could make a few dollars from it and it isn't bad but then some persons make the mistake to gamble and be reliant on their proposed gambling proceed which most often never comes, having a source of income away from gambling also helps you gamble better because since you are not dependent on it, you are sure that if you lose your money there's somewhere from which you can still make some money.

Definitely, you need a source of income if you want to keep fulfilling your gambling desires. How would you fund your gambling if you have no source of income? Unless you're just a casual gambler where you only gamble if you have money to spend on it. But when you don't have one, you're also fine not being able to gamble.
But I actually know someone who can earn an income but it's not a stable one. Yet he's able to gamble online. He only gamble small amount of money everytime, so he was able to make use of his limited money longer on gambling. So I guess a steady income is important but even if it's not a steady one, it's still possible to enjoy gambling as long as you know how to manage your desire and funds.

You can't conclude things too early and you can't rule out the unemployment situation which is not always avoidable, in fact these days the unemployment rate is increasing and doesn't that mean they don't have a steady income, right? Of course, but for gambling problems not everyone who does not have a steady income cannot gamble especially if he is already addicted, as we know that addiction is always synonymous with something excessive in the sense that they always want to gamble and that means there will always be other ways they can use, such as making loans as an alternative, I understand that they will not easily replace the borrowed money if they do not have a steady income, but the problem is that an addicted person besides they are always excessive they also often make decisions without consideration and this means that it is very possible for them to use other things such as loans or even stealing money as a way to fund their gambling activities.

On the other hand for your statement about income in gambling I agree with you that gambling really cannot be used as a place to earn, one of the reasons is because there is absolutely no element of consistency in the final result of gambling and there is no certainty whatsoever, it means that you will always find one of the two answers at the end of the session between winning and losing. Of course, casinos don't care who you are, whether you're rich or poor it doesn't affect your chances of winning, all you can do is apply risk management to minimize the impact of losing.