Topic: Having a regular/steady income is important as a gambler. - page 17. (Read 2811 times)

that's the usual dilemma of most gamblers, even if they allocate some budget to their gambling habits, most of the time, they still exceed with their limits, and so the problem arises. sure, if you can stick to your budget, then you won't have a problem. but how many times do you think you can keep up with such discipline? i believe a lot are going outside their budget especially when they are still on the losing side and they already busted their bankroll.


i guess recording losses is not a very common task done by gamblers. because for one, it is hard to keep up this record. much easier route is to stick to your allocated budget per session. and once busted, stop and call it a day. come back when you have spare funds again. not many gamblers are lucky enough to go home with his winnings, that's the fact. so don't rely on your games to pay for your bills.

In my own views, gambling has a 99% chances to loose and a 1% chances to win and not so equally because is a game of luck which every day could look a bad day while the lucky days could be inevitable.

You can not say winning and loosing in the gambling is on an equilibrium and yet a steady income in other to stake just to secure winning is needed. If so, you would had counted a 50% winning with the minimum stakes.
However, it is not about hoe much staked, not about how frequent nor about a State of steady income that could secure you the possibilities to win in the gambling.
If you must win, you would win. It is still basically on the lucky predictions.

I understand your line of flow. It is likely that someone with a steady income can win his bet not because he is an expert or understand the analysis more but I think that is because he has the opportunity to try more or again when he losses and by doing that he can be lucky to have a winning bet unlike that gambler who is skint and only can afford to rebet few times. Gambling consumes money and if you are not winning your bets, the chances of continuing will be limited even when he borrows to bet today he may not be able to get someone to borrow from the next day but that person who has other source of income from betting is less pressured when he losses. Someone with source of income can rebet if he wants to continue.

If you do gamble but you dont have a work then basically on where you would really be getting the funds for you to play at the first place? of course you should really be that someone having that source of income
for you to play on which not all people would really be on such state on which there are really individuals who do really play despite on being jobless on which they do make out some loans or really that
getting funds on other means or ways or methods which it is really that sad for those who do have that kind of situation on which it isnt really supposed to be that way. Also, its never been that worth on spending
your salary pay on gambling which we do know that we do have different priorities in life on which it is really just that normal that we would really be needing to focus on something
which is more important than with gambling.

Of course, if you have a stable income and allocate money for gambling, it won't be a problem as long as you can follow the rules you apply. I know you are a disciplined gambler and that is very difficult to imitate, because fighting your own desires is very difficult. Sometimes you think it's okay to increase your allocation. gambling for today, and so on 

What you are saying is true that by having a steady income from a real job it will be able to make us less suffer from major problems as a result of losing in gambling, the point is that you will still have money for living expenses even if you lose in gambling and this is the balance to survive, but if there is a choice  which is better to create a financial then obviously the best choice is "not gambling at all" because with this then you will fully be able to use all your income from work for your own interests, but it does not matter because after all this is a choice.

Honestly on the other hand maybe I will agree with you that by having a steady income then it can make gamblers closer to the chances of winning, meaning the conclusion of what you are saying is that someone who has money they will have no trouble doing a lot of experiments as a dedication to get closer to the chances of winning, but this needs to be questioned, isn't it that by doing a lot of experiments then the number of defeats is also very likely to be more frequent? Obviously, no matter how much you try if the result is more sessions that are far from luck then the number of defeats will be greater than the expected victory. On the other hand I will straighten out what you said about "addiction will not make gamblers risk everything", in my opinion this is not true, because addiction is always synonymous with excessive behavior, isn't it a fact that many addicted gamblers end up becoming poor people? of course. So the point is that regular income is something that will be useful to maintain your life but all of that will not be able to last long if you are basically one of the people who are addicted to gambling.

There's nothing more smooth than having a good paying job and also gambling, we record losses, it won't affect us. We have experience in the system, it can either for good or bad but both ways, it means we're already on the verge of either liquidating our accounts or exploring them to contain good figures which will definitely make us smile at last. Gambling can only be considered important when a gambler does not have a good paying job, he's entirely dependent on gambling for footing in his bills, so tell me, how will such gambler grow?

If we talk about ideal conditions, then there are things better than a steady income - this is a huge pile of money, so big that you need no income for the rest of your life. Of course, I’m not talking specifically about a pile of cash - it could be bonds, bank accounts, stocks, bitcoin, etc. There is always a risk of losing your savings, but if they are diversified, they are more likely to generate additional income for you than losses. The most important thing is that it is so much money that it covers all your expenses with a huge margin.
Here are my thoughts on this matter  

It is important because no person will allow himself to gamble his money done by other people. That's why if you're a gambler, you have to make sure that you have your own money to gamble and that's makes sense to have it as you have a vice and if you want to continue doing it, you need to source it from your own pocket and not from the others.

This is the reason why many gamblers are perceived as bad ones because they gamble not with their own money but with others money. And with that, the impression that they get is that they're irresponsible gamblers and they shouldn't gamble at all. Because if they gamble with others money, it only means that they don't have their own steady income so, before you gamble or going on with a vice like this, you should spend your own money.

That's right but when you fall into the downward spiral of gambling addiction and compulsion, $1000, 2000 or $3000 a month is not enough because some people lose all their savings representing dozens or hundreds thousands USD, then they take out loans and mortgages to try to recover their losses and they multiply their losses Xtimes at the end. At this point, betting few hundreds or thousands dollars by month is not enough to be able to reach such amounts of winnings. So nobody is protected against gambling dangers and their vicious circle.

it is definitely important. being a gambler and having a steady income means that you are not relying on gambling in order to pay your bills. that being said, it is still important to practice moderation when gambling, just because a gambler has a steady income does not mean they are not susceptible to financial instability, if their gambling habit becomes an addiction sooner or later they will most likely experience financial difficulties.

Cashflow is important to assure that you won't be a problematic gambler. Meaning, it will help you handle both loss and profit without struggling, which is an obvious reason why a gambler should still have other streams of income aside from this industry no matter how good you are as a bettor. Let's say you lose continuously for the whole month, if you have a stable income then obviously you'd still be okay and will not be frustrated to force your luck and money until nothing's left.
I'd say he is a problematic bettor but whether he's addicted or not, only professionals would be able to tell. Some are just bad at their finances. The fact that he still manage to pay his bills means that he still got that conscience to not put all that he have on the line, which is a more obvious symptom of addiction which is obsession.Given that he's your friend then you should be concerned enough to have him checked by other people with expertise.

Unless you have acquired a special talent for some form of gambling like poker or betting on horses, it's pretty much unavoidable for any adult to have a job - although we all go through periods between jobs or some people might stick in education until much later than others. Anyone that wants to place a bet should be funding it through money they've earned themselves, because the alternative would mean you are leeching it away from some other source and probably shouldn't be spending on this form of entertainment. It will also keep you much more balanced as you're betting, because unless you've earned the money you won't know how hard it is to make it. As you say as well, the structure that a job gives your life also means that you don't spend all your spare time on this.

Gamblers that doesn't have means of income will always end up in bad shape because they have risk more that what they can afford to lose.
When a gambler do not have a source of income he will not be able to meet up some financial situations, that's why many have depend on their loved ones or family for money and they still use it to gamble.
Gambling can not stop gamblers but gamblers can stop or control their gambling habits, when one do not have money to get more games will still show up but gamblers can stop betting when they do not have money to place a bet. Some gamblers don't think so (addicted gamblers) they will want to bet with borrowed money and they still have to lose it, so end up in a bad situation when they don't win
To shorten the whole story, one should not use a loan or borrowed money to gamble, I do not support what, if there is no income there should also be no staking.

Thank you for this wonderful explanation of how a gambler should be because I have told one of my friend time without number that being a gambler doesn't only mean that one should be fix on dreaming of winning big and then putting money that you should be using for other important things into gambling. This particular friend of mine has done crazy things and believe me he is fucking addicted and the worse of it all is that the funds he is receiving isn't really covering what he is spending.

Actually, steady and regular income is a must for someone in order to be a gambler, in my opinion. Otherwise, this person isn't suited to be a gambler, because they lack a very essential requirement, which is "to have money they can afford to lose". Someone who lacks a steady income or a job should be seeking for that, instead of gambling. Without a regular income, where is this person getting money from in order to bet? Maybe from charity, wellfare programs or freelances?

If so, the money should be used for basic expenses, to invest in personal educational development, or to start a small retail business, so it can become a regular source of income later. But if the person is spending everything into gambling, it's likely he is never going to improve his life standards, unless he is very lucky to hit a jackpot once in a lifetime and then become a millionaire or billionaire suddenly. I believe that is what these gamblers dream about, so they keep insisting on this practice, even though they should be more responsible and stick themselves to more solid and concrete goals.

However, this idea isn't encouraging for them, because it demands effort, hard work and time, while in gambling the promises of easy, instant and abundant money are more tempting, even if they are never going to work...

To be a successful gambler, the first thing to fix is the cashflow. As soon as the gambler have hopes of getting more for his needs outside the target gambling wins, a lot of the problems that are associated with irrational decision of gambling addicts, are already taken care of.

People who have source of regular income are very relaxed in gambling, they are not desperate to win and have full control of how they gamble. Unlike those that are dependent on the money they want to win to be able to meet their basic needs.

We try as much as possible to separate gambling from earned Money in as much as it will be a big risk to have such possible scenario where you get carried away to gamble away whatever resource that is available at hand,any of the times gambling requeirs a high level of decipline which have to do with how well you manage ypur spending while gambling and that take us back to what the user in the first comment said about using a small percentage of total income on gambling and that has to do with as low as 5% which is small eneogh not to affect your entire balance.

So for that, it is very important to have a source of income but then we shouldn't rely on that so much that it will end inflicting our overall balance in savings, so let set every in it place in other not to use the funds meant for your other lofe responsibilities.

Having a steady income helps the gambler not to bother anybody about money, while gambling. Even if he loses, he has some expectation of more money in few days. Hence, his struggle, in addiction, wouldn't be as injurious, as that of a gambler who depends on other people for money to gamble. Though the risk of losing out in the source of income is there, the gambler could perform lowly in his business. Because of his gambling behavior, depending on how he prepares his mind, may fail to focus more in doing the right things in the business. Having a steady income, has its advantages, but doesn't safeguard a gambler from getting compulsive. So, gamblers whether earning or not, still have to take seriously their emotional stability not to be left behind in the chaos of addiction.

I am yet to get the correlation between winning big in gambling and having a steady flow of income. These two are different and shouldn’t be intertwined with one another. Gambling game is base on luck and if you’re not lucky, you would have the whole money in the world put into it and you won’t have any positive results. So also, your source of income is just a determinant to tell how much money you can sacrifice and put into gambling, but not a guarantee to win big in gambling.