Running household expenses with gambling

goinmerry

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Quote from: Slow death on August 08, 2022, 02:52:18 PM

Yes, it is possible!

1 - The owner of the casino lives thanks to the profits of the casino, that is, he lives thanks to gambling

2 - Casino employees also receive casino salary, they live thanks to gambling

3 - Professional bettors also live thanks to the profit they make from the bets they place

These are literal responses lol but clearly, not the expectations that were wanted by OP.

I think OP is not even under on all those tiers. Just a gambler that wants to expect something good out of it. That was a risky decision if OP is just a regular and average gambler and will consider its gambling activity the main source to cover all their household expenses.

Better forget that OP's plan unless he is capable of doing gambling financially without affecting their primary budget.

KTChampions

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Quote from: Slow death on August 08, 2022, 02:52:18 PM

Yes, it is possible!

1 - The owner of the casino lives thanks to the profits of the casino, that is, he lives thanks to gambling

2 - Casino employees also receive casino salary, they live thanks to gambling

3 - Professional bettors also live thanks to the profit they make from the bets they place

You can only put a lot of effort into studying a lot about sports betting to become a professional gambler, don't expect that you will consistently win money with games that depend on luck like slot and other gambling that depend on luck

I think the third point should be changed to "professional analysts" because if someone is so strong in analysis that he can make money on betting, then he will choose a stable job compared to betting where even with perfect analysis, a series of unforeseen results occur.
And in general, I doubt that now someone lives at the expense of betting, as bookmakers are constantly improving and if in the past it was possible to beat them stably, now it is extremely doubtful.

Slow death

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Quote from: Zarfund on August 04, 2022, 05:17:25 AM

Is it possible that we can run our household expenses with gambling ?

I am asking for those people who don't have any skill or job ?

Yes, it is possible!

1 - The owner of the casino lives thanks to the profits of the casino, that is, he lives thanks to gambling

2 - Casino employees also receive casino salary, they live thanks to gambling

3 - Professional bettors also live thanks to the profit they make from the bets they place

You can only put a lot of effort into studying a lot about sports betting to become a professional gambler, don't expect that you will consistently win money with games that depend on luck like slot and other gambling that depend on luck

abel1337

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Quote from: Viscore on August 08, 2022, 02:28:44 PM

Quote from: Oshosondy on August 04, 2022, 05:43:33 AM

Running household expenses with gambling? That should be considered foolish. Gambling should not be taken as a means of earning money, you have to depend on job or personal work. When things are not in order, the family may later be in finance problem and likely the the marriage can break up after not being a good father.

To be a good spouse and father, get yourself a job or have something that is not risky that you are doing, gambling should just be taken for fun and entertainment.

Gambling will not guarantee profits at all times, as most of the time you lose, and some lucky times you win. The reason why a responsible husband or father should have his own stable job so that he can provide all the basic needs of his own family and sustain all the household expenses. Otherwise, if he only depends from gambling alone, his family will certainly suffer from hunger and will only be the reason for a broken marriage later on.

True, Using household money to fund gambling activity can be the start of having ruined family relations. We should never expect that gambling winning could sustain our everyday household expenses because it's a very unstable source of income and the chance of losing is high that it could ruin the mood or relationship inside the household. Even professional gamblers don't risk the money that is allocated for household expenses to just gamble it.

If you know that you are holding or providing the household expense, You should be responsible on putting the money on it's allocated expense. We gamblers should be responsible on having extra income to fuel up our gambling activities. There are many failed gamblers who ruined their life for the sake of getting extra money in gambling.

len01

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Quote from: Zarfund on August 04, 2022, 05:17:25 AM

Is it possible that we can run our household expenses with gambling ?

I am asking for those people who don't have any skill or job ?

don't think of gambling as a source of income for household needs, that's a big mistake.
gambling is just an entertainment to fill your spare time when you are tired and tired after work.
because gambling only bets luck, if we get a big win, at that time we are just lucky.
and one thing you have to remember is that we can never gamble against the bookie.

romero121

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Quote from: Viscore on August 08, 2022, 02:28:44 PM

Quote from: Oshosondy on August 04, 2022, 05:43:33 AM

Running household expenses with gambling? That should be considered foolish. Gambling should not be taken as a means of earning money, you have to depend on job or personal work. When things are not in order, the family may later be in finance problem and likely the the marriage can break up after not being a good father.

To be a good spouse and father, get yourself a job or have something that is not risky that you are doing, gambling should just be taken for fun and entertainment.

Gambling will not guarantee profits at all times, as most of the time you lose, and some lucky times you win. The reason why a responsible husband or father should have his own stable job so that he can provide all the basic needs of his own family and sustain all the household expenses. Otherwise, if he only depends from gambling alone, his family will certainly suffer from hunger and will only be the reason for a broken marriage later on.

It is true, the father/husband is much depended by the entire family for all financial needs. This way a man in the family is supposed to be more responsible than the women in the family. Women in the family are good managers, even with a small earning she knows to run the family. But, when the earnings is spend on gambling the family will be the sufferer. This have ended the life of entire family at some incidents.

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Quote from: Oshosondy on August 05, 2022, 03:28:17 PM

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IMO, it is possible but you cannot rely on it.

Let us make this clear, it is not possible, it will create a bad mindset that may ruin the person.

No mate, technically it's possible. There are lots of professional gamblers who are like that. However, that's not applicable to all gamblers, and being professional can't happen to everyone, and it's something that everybody can't rely on. About the mindset that will be created upon thinking that's a possibility, it depends on the person if they will allow themselves to be ruined at it.

It's not that I'm encouraging OP but just pointed out that it's possible. Of course, we should already know our capability in the first place.

But again, there's a "WHAT IF" here and I don't see OP is eligible to become a gambler where that will be his way to support his household expenses. That's suicide and a risky move since OP doesn't even have other sources of financial income.

Jemzx00

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Quote from: robelneo on August 08, 2022, 10:00:36 AM

Quote from: qwertyup23 on August 08, 2022, 08:00:35 AM

Quote from: Zarfund on August 04, 2022, 05:17:25 AM

~snip
I am asking for those people who don't have any skill or job ?

I do not see this idea feasible in the long-run given the nature of gambling that is highly unpredictable.

When we mean by household expenses, this include everything from your food, lodging, electric bills, and all other monthly expenses. These type of expenses are what we call running expenses since they consistently incur every month. If you attempt paying them with something that is unpredictable, chances are that you will incur more obligations and credit in the long-run.

The only exception is if you're a gambling operator or a casino dealer, it's still a job and your income comes from your being an employee but playing gambling to sustain your household expenses I don't think it's possible even if you're living alone, you will become a pauper and penniless, so if you want a decent life, get a job and only allocate money for gambling, and enjoy playing don't expect or try hard to win.

Unfortunately, just as OP stated, people who has "no JOB and SKILL" so the exemption you've presented doesn't apply on this scenario. Other than having an extremely high luck or probably winning an insanely high jackpot which will be enough to cater all your needs and necessities. I cannot think of any other ways for this to work out especially if you don't have any skills or job that will serve as your backup in case you lose.

Jemzx00

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Quote from: AbuBhakar on August 08, 2022, 04:13:56 AM

There’s no way this will work because it means you are betting all your house necessities if you are relying all your expenses in gambling. Gambling is never be a source of income nor a charity that gives money. They are business and they are still existed because players are giving them profit in regular basis. So asking if we can rely to business that is main source of income is from players pocket then it will be absurd to even think of it.

Actually, it is possible to run your daily household expenses with your gambling winnings or profits however you should have high funds to start with and try to maintain your gambling activities with minimum risk bets but still you must have other source of income as backup in case you lose. Also, gambling for your household expenses doesn't mean that one must sell their or bet any of your house necessity.

ethereumhunter

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Quote from: usekevin on August 08, 2022, 03:37:25 PM

It’s hard actually to run house hold expenses using the winning money from the gambling.Sometimes it may possible,if you play the continues game with the skills.You need to learn more skills on the gambling.It will happen only if you made some huge game.Because game is not just without skills.Even you lose the game,you can earn huge knowledge from that game.

But even if it is possible, we will still find it difficult to get a win from gambling because gambling is designed for fun. Winning in gambling is just a bonus for people who are really lucky so never take a risk if you won't be able to afford it, especially if the risk is about using the money for your household needs. But if you feel good at skill based gambling games, you can use the money, but remember that we will not always get lucky and the risk of loss will still be there.

livingfree

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Quote from: _act_ on August 09, 2022, 03:48:10 AM

Quote from: livingfree on August 08, 2022, 11:26:39 AM

It is acceptable that most of us can't really do this but I take it into consideration that some can do it like they really are living to gamble, born as gamblers.

Some people can think they can live with gambling but later find out that they are wrong after significant losses. Anyone that is thinking that they can make a living with gambling is deceiving himself until he finally realizes that. No one should depend on gambling, it is a game of luck and the luck is more towards the gambling sites. Gamblers should not take their financial life a joke, they should not depend on gambling.

Not all IMHO.

If you haven't seen those actual folks that have made their gambling career well, there are people that really does. Well, for us, we understand that it's not going to work.

Although it may give us a different thought on everyone's idea about how it would go in general we usually see that it doesn't end well for most.

passwordnow

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Quote from: Gozie51 on August 08, 2022, 06:28:31 AM

Quote from: passwordnow on August 08, 2022, 04:09:51 AM

If we're talking about "we", well, we know the answer. But if those are professional and great gamblers, this is very easy. I've seen people that have thought of gambling as a good source of living, I'd say that only a few became successful in this field not because they're dedicated but because they know how risky it is to depend on it wholly. I think the beauty here is we can come and go in gambling if we want to. That casually come and go and we're on that part, we win small sometimes but losing big most times.

Are there professionals in gambling really that they can rely on the winnings they get? And the winning is constantly coming in like a monthly or income steady to finance a family and its extensions

I have a friend that I can say that he's getting a consistent profit monthly in playing poker. So, it's a yes, he's sort of a professional poker player and joins table tournaments and I don't know the rest but he seems to be boasting about his winnings at most times as well as his losses. It isn't ideal for everyone but if they're that pro on it, we can say that it's possible for some.

Quote from: Gozie51 on August 08, 2022, 06:28:31 AM

I think gambling is founded on luck. I have known some family where the man is an addict and makes up some winning but at some point the winning ability deminished , today the family is struggling for survival since the betting winning isn't coming again

It isn't just all about luck there are the games that require patience, skills, strategies, and decision making and that's where the pros are making money.
In most stories, it's not always the cinderalla story. Majority are sad and devastating stories if it's all about gambling journeys.

Cryptmuster

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Quote from: ethereumhunter on August 09, 2022, 04:00:05 AM

But even if it is possible, we will still find it difficult to get a win from gambling because gambling is designed for fun. Winning in gambling is just a bonus for people who are really lucky so never take a risk if you won't be able to afford it, especially if the risk is about using the money for your household needs. But if you feel good at skill based gambling games, you can use the money, but remember that we will not always get lucky and the risk of loss will still be there.

Firstly, you should always separate budgets and never use the money allocated for life for gambling, this can end badly. This already concerns the issue of financial literacy, you need not only to be able to earn money, but you also need to be able to manage it. You need to know what part of the money will be spent, what is set aside, and what can be allocated for a hobby. If there is such an order, then everything will be fine with the money.

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Quote from: livingfree on August 08, 2022, 11:26:39 AM

It is acceptable that most of us can't really do this but I take it into consideration that some can do it like they really are living to gamble, born as gamblers.

Some people can think they can live with gambling but later find out that they are wrong after significant losses. Anyone that is thinking that they can make a living with gambling is deceiving himself until he finally realizes that. No one should depend on gambling, it is a game of luck and the luck is more towards the gambling sites. Gamblers should not take their financial life a joke, they should not depend on gambling.

Quote from: AbuBhakar on August 08, 2022, 04:13:56 AM

If we're going to analyze it deeper, on the other hand, gambling is a source of income for those that are working in the gambling business. But, since it wasn't the thing that OP is asking about and just plainly as a gambler, I agree that it's hard to make it as a source of income.

You are not right about this, how can gambling be a source of income when there are chances that you are more likely to lose while the gambling sites are more likely to win? Gambling should never be taken as a source of income. Because you make profit from gambling today should not be seen as a good reason to see gambling as a source of income, because it is not reliable.

madnessteat

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^

I am sure there are such people, but they are very few and gambling for them is hard work for which they spend a huge amount of time and effort, rather than entertainment or an easy way to make money.

If a person asks a question whether he can make a living through gambling, then he obviously needs to stay away from it because he does not understand the principles of gambling. I would send such people to study everything about gambling first.

Fundamentals Of

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Quote from: Fundamentals Of on August 07, 2022, 10:15:57 PM

Gambling alone? My answer is a straight no. Unless if you have won millions in jackpot prize or hit a big lottery money. But if you are referring to the normal gambling routine in casinos and in betting places, I don't think it could sustain a household. Gambling itself is already an expense so how could you run a household with that? In gambling, it is more normal to lose than win. So how would you buy your family's needs if you have been on a losing streak for days?

Winning at gambling is a matter of luck. So anyone can never run a family depending on its luck. Because there is no guarantee that he or she will win any single game. It's always been said that you should maintain your daily essentials and then you should gamble. That's why one should depend on any work and then sometimes he or she can take it as his/her entertainment. But gambling should never be considered as income source.

You could actually have enough money for half a year or an entire year for your family's needs and also an amount for gambling. With that, you could try living with gambling alone. At least with this setup even if you lose for straight days you can still support your family. Other than this, I mean if you are not working and you don't have money outside whatever you could earn from gambling, it is never possible. You can't be lucky everyday. You can't rely your family's meals on luck.

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Quote from: Oasisman on August 08, 2022, 06:50:38 AM

Quote from: molsewid on August 05, 2022, 06:42:07 PM

Quote from: Zarfund on August 04, 2022, 05:17:25 AM

Is it possible that we can run our household expenses with gambling ?

I am asking for those people who don't have any skill or job ?

It is possible of course, but then how stable does gambling it could be? Many people wants to settle their family with gambling, but end up to become broke. In my own opinion, it couldn't be we all know that you will experience losses in gsmling as well, soemtimes you will not get anything in return, all you have is the debt because you spend too much and you don't have anything now. Gambling can't be taken as passive income I'm sorry, I still treat it as recreational activty.

Man, seriously who does thinks gambling is a passive income? Gambling won't ever and never considered as passive income.
I've read a post in this section before that talks about gambling as a passive income. I was really confused how do the guy considered gambling as passive income?
Because first things first, you won't get profit without analysing how to win your wager, and that alone is an effort to earn money, that's not considered passive right?
Passive income means, the money works itself to multiply without you exerting some effort.
Like rentals.

This is definitely true or onpoint.Passive means you arent doing something and you still make money which we know that gambling does have that activity or you do need to make out bets which means it does accompanied with action which is already out of the said description.
Running household expenses with gambling? This cant be possible and i dont know on why some people does have that kind of consideration or belief in mind?
Dont make yourself belief or making a fool do believe on things which are definitely not really happening no matter how hard you do try.

BitcoinPanther

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Quote from: Jemzx00 on August 08, 2022, 10:57:29 AM

Unfortunately, just as OP stated, people who has "no JOB and SKILL" so the exemption you've presented doesn't apply on this scenario. Other than having an extremely high luck or probably winning an insanely high jackpot which will be enough to cater all your needs and necessities. I cannot think of any other ways for this to work out especially if you don't have any skills or job that will serve as your backup in case you lose.

I don't believe that there is a person without a skill, no job yes but no skill, I doubt that. As said, the no skill thing is just a leeway because the person is lazy to look for a job. And I wonder, where will OP get his money for gambling activity if he won't work?

Quote from: usekevin on August 08, 2022, 03:37:25 PM

It’s hard actually to run house hold expenses using the winning money from the gambling.Sometimes it may possible,if you play the continues game with the skills.You need to learn more skills on the gambling.It will happen only if you made some huge game.Because game is not just without skills.Even you lose the game,you can earn huge knowledge from that game.

OP's question is impossible in a long run except for some cases where a person got the jackpot and profited huge money.

usekevin

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It’s hard actually to run house hold expenses using the winning money from the gambling.Sometimes it may possible,if you play the continues game with the skills.You need to learn more skills on the gambling.It will happen only if you made some huge game.Because game is not just without skills.Even you lose the game,you can earn huge knowledge from that game.

wheelz1200

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Quote from: Zarfund on August 04, 2022, 05:17:25 AM

Is it possible that we can run our household expenses with gambling ?

I am asking for those people who don't have any skill or job ?

If you are reliant on gambling strictly to pay for your bills you are looking for trouble. It can certainly supplement a steady income. But if you have a bad string of months you will end up kicked out before you can catch up on bills. Maybe as a stop gap in between jobs but I can't see someone gbling for a profession successfully for very long.

Topic: Running household expenses with gambling (Read 716 times)