The journey of successful business man who were professional gamblers

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Quote from: Viscore on March 20, 2023, 01:34:34 PM

Gamblers might sometimes take advantage over the house, but in most cases, its always the house that will win over gamblers as gambling casino is certainly design to win, not to lose. However, if gambling casinos cannot stay on top of other casinos and fail to be competitive, then certainly it’s a loss for them. That’s the biggest challenge when you are in a business, you have to make sure that you’re always on top or has the edge over others, otherwise you will lost your business and eventually your expected profits too.

There's no such thing as gamblers will be able to take advantage of the house since in the very first place, there's even no advantage for the gamblers to start with. It's just that once a gambler successfully and continuously makes profits at some point in their session, always make sure to be responsible enough to know their limits.

Since the house was designed to favor the casinos obviously, gamblers should learn how to stop once a big profit is already been established. In that way, at least, their money is not just thrown always towards the site but rather should be able to enjoy the winning money outside gambling.

I know and understand the feeling of being tempted more to continue gambling once the winning streak is currently happening since why stop if luck is here? That was a tough challenge for gamblers to decide whether they will continue or stop.

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Quote from: Viscore on March 20, 2023, 01:34:34 PM

Gamblers might sometimes take advantage over the house, but in most cases, its always the house that will win over gamblers as gambling casino is certainly design to win, not to lose. However, if gambling casinos cannot stay on top of other casinos and fail to be competitive, then certainly it’s a loss for them. That’s the biggest challenge when you are in a business, you have to make sure that you’re always on top or has the edge over others, otherwise you will lose your business and eventually your expected profits too.

The chances for a gambler to take advantage and win over the house are very slim, and at that, it only takes a lot of luck and skills to beat the house.

-Some time the house edge may work against the house making the gambler to win, but in most cases, the house will always be on the winning side.

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Quote from: Wiwo on March 17, 2023, 11:31:45 AM

Quote from: Plaguedeath on March 17, 2023, 07:17:31 AM

Well many people keep saying the casino always win and you will make a lot money after creating a casino, but it's not that simple because the developer need to pay a programmer to create the site, pay the operational costs e.g. live support, marketing etc, they need to pay license, pay the gambling provider etc. If there's not many gamblers who want to gamble, the casino will not make any profit and they need to keep paying the operational costs.

That is why casinos design the provably fair system to favour the house, the house edge will always put the casino ahead of the player and as a matter of fact, luck doesn't always come by, so we all lose to the house at some point.

-But in some instances, the gamblers winz against the house, the impact of high revenue demand on the casino's operators by various bills that wish to be paid, this have made running costs very high and left the casino operator with no choice but to grab all there could from the players.

Gamblers might sometimes take advantage over the house, but in most cases, its always the house that will win over gamblers as gambling casino is certainly design to win, not to lose. However, if gambling casinos cannot stay on top of other casinos and fail to be competitive, then certainly it’s a loss for them. That’s the biggest challenge when you are in a business, you have to make sure that you’re always on top or has the edge over others, otherwise you will lost your business and eventually your expected profits too.

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Quote from: noormcs5 on March 18, 2023, 09:44:19 PM

Did these gamblers who become businessmen later left gambling after winning big jackpots in gambling? It really hard for anyone who is a professional gambler to leave the gambling. ~

Yes, I agree with you that it will be kind of hard for a professional gambler to want to leave gambling just after winning a jackpot, because just as our faces differs, so do our reasons for gambling differs also, of which the most common are always for fun & entertainment, and on that note, it can only take a wise man to know that in as much as how professional you may seemed today, you can not always gamble for the rest of your life, and at such retire and focus on what can always generate consistent regular income either in the gambling industry, real estate or any other, while you gamble most times simply for the fun of it.

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I still remember the story of the FedEx founder who experienced success because he used his gambling money wisely, So, don't ever use your winning gambling money for things that aren't important and never let your greed dominate you

I've never won more than $5000 lol but I've always put my winnings back into gambling capital and investing in some crypto coins

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Quote from: BobK71 on March 20, 2023, 01:30:32 AM

Quote from: ethereumhunter on March 19, 2023, 11:11:39 AM

~snip~

Win and defeat always exists in gambling. As we see gamblers have been the owner of the established business today at the same way many have lost their wealth at this platform but those news have not come to us. However, there is always criticism about the successful. Everyone mentioned here took the gambling professionally, maybe they had good financial support or they were lucky.

As I sit here, pondering the critics of prosperous gamblers, a wry smile crosses my lips. Have they not grasped that risk-taking is the very essence of gambling? Occasionally, fortune favors the brave, and they revel in their spoils. Be it a financial leg-up or a stroke of luck, their achievements should not be belittled. Nay, we ought to emulate their daring spirit!

Picture this, though: what's the downside? A few bucks lost, but the gains? Sky is the limit! Even if we don't cash in big, we'll ride that thrill wave. So let's quit hating on those high rollers and roll our own dice. We might just build empires on our own

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Quote from: ethereumhunter on March 19, 2023, 11:11:39 AM

Quote from: lienfaye on March 18, 2023, 10:07:17 PM

Quote from: GigaBit on March 16, 2023, 04:56:41 AM

There are some people who can dream and some others who dare to it. Many of those who can dream big but some times can't make it through traditional platforms. Today I will mention the names of some people who started their business life with the help of gambling money. Who were initially professional gamblers later became reputed businessman. Many of whom are now active philanthropists, supporting various charities. If responsible gambling can be practiced then luck can be expended. He can make himself known differently in a shortest possible of time.

There are gamblers who made it to be successful and able to changed their career from being a gambler to businessman, their stories are amazing indeed. However, we know it's not the same for majority of gamblers because these people who succeed in gambling are just lucky and it's not given to many of us.

So if you are going to gamble because of the hope that you might also become lucky and end up just like them, you're doing it wrong. Because gambling is risky and a gambler should know how to manage his/her emotion especially in dealing to losses and know how to gamble with discipline. This way, you can prevent yourself from spending the money that you can't live without since you're aware that this activity can't make you rich quick.

Among the many entrepreneurs in the gambling business, there will be more people who gamble and lose. Those who can use their abilities to manage or create casinos know the risks and can overcome them. And those who at first only gambled but got lucky and won big wins can fulfill their dream of creating their own casino. We have to learn this from their success stories so that we too, can realize the dreams we have made for a long time. But if we feel that gambling is not the right place to make money, we shouldn't try it because we can experience defeat and go bankrupt. Instead of being able to earn money, we even lose money and we can't make our dreams come true.

Win and defeat always exists in gambling. As we see gamblers have been the owner of the established business today at the same way many have lost their wealth at this platform but those news have not come to us. However, there is always criticism about the successful. Everyone mentioned here took the gambling professionally, maybe they had good financial support or they were lucky.

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Quote from: noormcs5 on March 18, 2023, 09:44:19 PM

Did these gamblers who become businessmen later left gambling after winning big jackpots in gambling? It really hard for anyone who is a professional gambler to leave the gambling. ~

Most gamblers get their happiness hormones from winning (money).

It seems to me that when you run your business, you can get endorphins as your business expands and brings in more and more income.

It turns out that if you run your business successfully, you get happy hormones on a regular basis. That's why I think it's very easy for successful businessmen to give up gambling.

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Quote from: lienfaye on March 18, 2023, 10:07:17 PM

Quote from: GigaBit on March 16, 2023, 04:56:41 AM

There are some people who can dream and some others who dare to it. Many of those who can dream big but some times can't make it through traditional platforms. Today I will mention the names of some people who started their business life with the help of gambling money. Who were initially professional gamblers later became reputed businessman. Many of whom are now active philanthropists, supporting various charities. If responsible gambling can be practiced then luck can be expended. He can make himself known differently in a shortest possible of time.

There are gamblers who made it to be successful and able to changed their career from being a gambler to businessman, their stories are amazing indeed. However, we know it's not the same for majority of gamblers because these people who succeed in gambling are just lucky and it's not given to many of us.

So if you are going to gamble because of the hope that you might also become lucky and end up just like them, you're doing it wrong. Because gambling is risky and a gambler should know how to manage his/her emotion especially in dealing to losses and know how to gamble with discipline. This way, you can prevent yourself from spending the money that you can't live without since you're aware that this activity can't make you rich quick.

Among the many entrepreneurs in the gambling business, there will be more people who gamble and lose. Those who can use their abilities to manage or create casinos know the risks and can overcome them. And those who at first only gambled but got lucky and won big wins can fulfill their dream of creating their own casino. We have to learn this from their success stories so that we too, can realize the dreams we have made for a long time. But if we feel that gambling is not the right place to make money, we shouldn't try it because we can experience defeat and go bankrupt. Instead of being able to earn money, we even lose money and we can't make our dreams come true.

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Quote from: CarnagexD on March 18, 2023, 11:01:38 PM

Quote from: noormcs5 on March 18, 2023, 09:44:19 PM

Quote from: GigaBit on March 16, 2023, 04:56:41 AM

There are some people who can dream and some others who dare to it. Many of those who can dream big but some times can't make it through traditional platforms. Today I will mention the names of some people who started their business life with the help of gambling money. Who were initially professional gamblers later became reputed businessman. Many of whom are now active philanthropists, supporting various charities. If responsible gambling can be practiced then luck can be expended. He can make himself known differently in a shortest possible of time.

Did these gamblers who become businessmen later left gambling after winning big jackpots in gambling? It really hard for anyone who is a professional gambler to leave the gambling. I will salute their will power, that they used gambling as a mean to establish themselves and not got greedy to gain more money even after getting big wins from gambling.
Thanks for sharing this as it is really inspirational for the gamblers out here as they can also change their fortune but only if they are disciplined.

I think they became successful because of the discipline they have in gambling and the wisdom they gained throughout the process on how to control the people around them. Gamblers take big risks and that's the only thing that I find inspiring about them, nothing more.

Money is often not the main thing in gambling. Despite the fact that many people have a lot of money, he expresses his desire to get a little money from gambling. A different feeling is work in this regard. And those who are professional gamblers and businessmen may be gambling for money but do not play ordinary gambling. Maybe they bet big money and it's not as usual. Moreover, even if they lose that bet, it does not affect their personal life as there are various means of financing.

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Quote from: noormcs5 on March 18, 2023, 09:44:19 PM

Quote from: GigaBit on March 16, 2023, 04:56:41 AM

There are some people who can dream and some others who dare to it. Many of those who can dream big but some times can't make it through traditional platforms. Today I will mention the names of some people who started their business life with the help of gambling money. Who were initially professional gamblers later became reputed businessman. Many of whom are now active philanthropists, supporting various charities. If responsible gambling can be practiced then luck can be expended. He can make himself known differently in a shortest possible of time.

Did these gamblers who become businessmen later left gambling after winning big jackpots in gambling? It really hard for anyone who is a professional gambler to leave the gambling. I will salute their will power, that they used gambling as a mean to establish themselves and not got greedy to gain more money even after getting big wins from gambling.
Thanks for sharing this as it is really inspirational for the gamblers out here as they can also change their fortune but only if they are disciplined.

I think they became successful because of the discipline they have in gambling and the wisdom they gained throughout the process on how to control the people around them. Gamblers take big risks and that's the only thing that I find inspiring about them, nothing more.

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Quote from: GigaBit on March 16, 2023, 04:56:41 AM

There are some people who can dream and some others who dare to it. Many of those who can dream big but some times can't make it through traditional platforms. Today I will mention the names of some people who started their business life with the help of gambling money. Who were initially professional gamblers later became reputed businessman. Many of whom are now active philanthropists, supporting various charities. If responsible gambling can be practiced then luck can be expended. He can make himself known differently in a shortest possible of time.

There are gamblers who made it to be successful and able to changed their career from being a gambler to businessman, their stories are amazing indeed. However, we know it's not the same for majority of gamblers because these people who succeed in gambling are just lucky and it's not given to many of us.

So if you are going to gamble because of the hope that you might also become lucky and end up just like them, you're doing it wrong. Because gambling is risky and a gambler should know how to manage his/her emotion especially in dealing to losses and know how to gamble with discipline. This way, you can prevent yourself from spending the money that you can't live without since you're aware that this activity can't make you rich quick.

noormcs5

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Quote from: GigaBit on March 16, 2023, 04:56:41 AM

There are some people who can dream and some others who dare to it. Many of those who can dream big but some times can't make it through traditional platforms. Today I will mention the names of some people who started their business life with the help of gambling money. Who were initially professional gamblers later became reputed businessman. Many of whom are now active philanthropists, supporting various charities. If responsible gambling can be practiced then luck can be expended. He can make himself known differently in a shortest possible of time.

Did these gamblers who become businessmen later left gambling after winning big jackpots in gambling? It really hard for anyone who is a professional gambler to leave the gambling. I will salute their will power, that they used gambling as a mean to establish themselves and not got greedy to gain more money even after getting big wins from gambling.
Thanks for sharing this as it is really inspirational for the gamblers out here as they can also change their fortune but only if they are disciplined.

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Quote from: flipme on March 18, 2023, 02:09:32 PM

I think it should be natural to have a few winners where there are millions of losers. I'm not envious of these guys' successes, but I don't think they are repeatable successes. Still, they can be good examples for us. If they write books about their success, we can learn what tactics they use for risk management. I think this is the most important issue in gambling and financial investments. We can even demand that they distribute their books for free because they are very rich and earn money the easy way. Cheesy

We have a few successful businessmen who put their experiences in a book and try to educate ootherswith it for free, but that is based on individual perspectives because some will publish the books and get them sold to whoever wants to learn from their wealth of provable knowledge.

-The part in your statement I will not agree with is the part, you mention that those successful gamblers and professionals should be forced to sell those books for free because their wealthy, it doesn't work that way and knowledge is not that cheap anymore, you have to pay to acquire it.

Mahanton

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Quote from: darewaller on March 18, 2023, 01:31:10 PM

Quote from: alastantiger on March 16, 2023, 12:20:10 PM

Gambling is a very profitable thing to engage in if done responsibly. Gambling has indeed made many men rich and it is still making even though most people are loosing in it. But I think that those that are making much money or already made much money from gambling are those who are favoured or those who never chased losses. It takes a lot of strategies to be a professional gambler. As a wise gambler, the moment you win big in gambling, the best thing to do at the moment is to use the money you won in gambling and invest. You can still be gambling but let it be that you have another source of income and an investment also.

To gamble responsibly means to gamble in a controlled manner. You won't gamble often or with huge amount so how can you be profitable this way? The only good thing that it can bring to you is you feel more stress free. You will feel entertained and you won't be minding your losses since they are not too much.

I think most gamblers doesn't put their won money in investments because their winnings are not that much. They will only use it again to gamble and entertain their self. It's hard to depend on gambling to make money and use that money outside gambling because there is a tendency that you will feel bad and possibly become an addict because you will always try to make a profit.

That what matter the most on which you are really making everything in good control which it is really what makes thing to be still in line or just fine.As long you arent that spending too much of your money which it is something on where most people should really be minding off.Doesnt matter if you are a rich person or poor or middle one as long you are in good path then it wont matter if you do make yourself get involved with gambling.I dont really believe much about professional gamblers or what because winning chances are really that depending on how lucky you are.There's no holy grail or what which you would be forcing it
to happen because if not then it would really be creating that desperation.

flipme

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I think it should be natural to have a few winners where there are millions of losers. I'm not envious of these guys' successes, but I don't think they are repeatable successes. Still, they can be good examples for us. If they write books about their success, we can learn what tactics they use about risk management. I think this is the most important issue in gambling and financial investments. We can even demand that they distribute their books for free because they are very rich and earn money the easy way. Cheesy

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Quote from: alastantiger on March 16, 2023, 12:20:10 PM

Gambling is a very profitable thing to engage in if done responsibly. Gambling has indeed made many men rich and it is still making even though most people are loosing in it. But I think that those that are making much money or already made much money from gambling are those who are favoured or those who never chased losses. It takes a lot of strategies to be a professional gambler. As a wise gambler, the moment you win big in gambling, the best thing to do at the moment is to use the money you won in gambling and invest. You can still be gambling but let it be that you have another source of income and an investment also.

To gamble responsibly means to gamble in a controlled manner. You won't gamble often or with huge amount so how can you be profitable this way? The only good thing that it can bring to you is you feel more stress free. You will feel entertained and you won't be minding your losses since they are not too much.

I think most gamblers doesn't put their won money in investments because their winnings are not that much. They will only use it again to gamble and entertain their self. It's hard to depend on gambling to make money and use that money outside gambling because there is a tendency that you will feel bad and possibly become an addict because you will always try to make a profit.

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Quote from: Accardo on March 18, 2023, 09:47:30 AM

Indeed, its an amazing story, after reading his story I thought about, why business owners should be skilled in different ways including gambling. But, on the second flip, I saw his story as the reason behind the numerous failure of CEX companies including FTX; most of the CEOs during interogation or interviews, regarding the failure of their company and loss of investor's money, they'll say, in order to generate profits for investors, they used investment money to gamble. They must have seen Smith as a role model, not knowing that what worked for Smith may not work for Sam. Smith was lucky, despite risking it all, but I'm not sure he would advise anybody to follow such route. Like you said, he knew when to stop gambling, which is the main skill all gambler should acquire, else they'll watch their business fold right in their own eyes.

Yes, it is better for a business owner to really know what he is selling take for an example with Mr Sheldon, I don't know he is a professional gambler and we can really say that Marina Bay is very successful and it is very known all over the world, he is just not doing business to earn but it shows how much he loves to gamble and how it gives him joy and entertained.

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Quote from: Wiwo on March 17, 2023, 11:31:45 AM

Quote from: Plaguedeath on March 17, 2023, 07:17:31 AM

Well many people keep saying the casino always win and you will make a lot money after creating a casino, but it's not that simple because the developer need to pay a programmer to create the site, pay the operational costs e.g. live support, marketing etc, they need to pay license, pay the gambling provider etc. If there's not many gamblers who want to gamble, the casino will not make any profit and they need to keep paying the operational costs.

That is why casinos design the provably fair system to favour the house, the house edge will always put the casino ahead of the player and as a matter of fact, luck doesn't always come by, so we all lose to the house at some point.

-But in some instances, the gamblers winz against the house, the impact of high revenue demand on the casino's operators by various bills that wish to be paid, this have made running costs very high and left the casino operator with no choice but to grab all there could from the players.

There's no side that is more in favour than the other because we all take the risk to make money at the end with gambling, the casino, the developers and the gamblers all have their own target they set but things doesn't work accurately sometimes as planned or expected by them all, that is why if you gambles you are taking a risk on either winning or loosing except for those gamblers who don't mind or give count to how many times they are loosing.

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Quote from: erep on March 17, 2023, 10:47:21 AM

Quote from: danherbias07 on March 17, 2023, 09:46:15 AM

It's a continuous business, so making money will be unlimited as long as they can preserve the greatness of their venues.
But these guys didn't really start their business by making money at gambling first. Correct me if I am wrong. There are loads of stories about people who won in gambling but ended up in a different industry.
A strong example is the founder of the FedEx company.

Quote

In the early days of FedEx, Smith had to go to great lengths to keep the company afloat. In one instance, after a crucial business loan was denied, he took the company's last $5,000 to Las Vegas and won $27,000 gambling on blackjack to cover the company's $24,000 fuel bill. It kept FedEx alive for one more week.[13]

https://en.wikipedia.org/wiki/Frederick_W._Smith#:~:text=In%20the%20early%20days%20of,the%20company's%20%2424%2C000%20fuel%20bill.

Each list of people above has a different business trip even though some of them develop other businesses from gambling results, but I am very interested in the story of the founder of the FedEx company because he fought for his company even though he had to sacrifice all the money he had in bets, the point is that he quit gambling after he obtain targeted profits to continue the company's business. The important point is that there are no other gamblers because of their greedy attitude to target high profits but in the end they spend funds in gambling, so we can conclude that any high profits from gambling must be diverted to other business/job opportunities to get passive income, gambling must be set funding limits.

Indeed, its an amazing story, after reading his story I thought about, why business owners should be skilled in different ways including gambling. But, on the second flip, I saw his story as the reason behind the numerous failure of CEX companies including FTX; most of the CEOs during interogation or interviews, regarding the failure of their company and loss of investor's money, they'll say, in order to generate profits for investors, they used investment money to gamble. They must have seen Smith as a role model, not knowing that what worked for Smith may not work for Sam. Smith was lucky, despite risking it all, but I'm not sure he would advise anybody to follow such route. Like you said, he knew when to stop gambling, which is the main skill all gambler should acquire, else they'll watch their business fold right in their own eyes.

Topic: The journey of successful business man who were professional gamblers (Read 656 times)