Gambling as a profession: there's people who live out of gambling?

[seleme]

That is so true.

There might be a time that they actually won but that doesn't cover the fact that they are also gambling for a long period of time and that also means that they are experiencing losses in that long run. Obviously, they have other sources of income or profit other than gambling because for sure they know how cruel gambling is.

There is no different thing between a professional gambler or ordinary gambler, they will have an equal opportunity to win or lose. Because there is no spesific strategy to make win or lose, they just depend on their luck for sure. I am someone who has always had the understanding that no one can live as a gambler, regardless of whether he is rich or not. Gambling cannot be used as a source of income, you can imagine how a person can live by gambling while he has to spend every day to live while he does not ensure that every time he gambles he gets money, psychologically this is something that can be accepted.

Pro gamblers never chase losses and they usually look for the right moment. With some examples, I would like to express my opinion. Evo live game shows are very popular and many gamblers try their luck on such live games. The monopoly game has a rigged wheel and 4 rolls can't appear during 360 spins. Imagine increasing bet size during the 360 game rounds and at the end, the multiplier is less than 60x. Of course, noobs will bust with some aggressive money management strategies but the wise gamblers will stay on the same bet size and will hunt for the biggest multiplier then run away.

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[maydna]

Gambling isn't beneficial for everyone my guy, gambling is not a sure thing to get it's always 50% in any kind it's just either you lose or you win. And from that case, half of people in gambling industry is losing while the other half is winning, so I don't think there is benefit for everyone in terms of the money aspect. Maybe, just a maybe they are getting any from it beside the money for example the lesson from their past lost.

Sometimes the percentage can be lower than 50%, but that still winning for you, so you can stop gambling at that time before you lose that win money in another round. But the half people who win the money will not too many compare to the people who lose their money because those winners know when they need to stop after winning. If they can realize from their story of playing gambling, they really got a lesson on those gambling games, but many don't learn from their lesson or other people lesson.

[Janation]

That is so true.

There might be a time that they actually won but that doesn't cover the fact that they are also gambling for a long period of time and that also means that they are experiencing losses in that long run. Obviously, they have other sources of income or profit other than gambling because for sure they know how cruel gambling is.

There is no different thing between a professional gambler or ordinary gambler, they will have an equal opportunity to win or lose. Because there is no spesific strategy to make win or lose, they just depend on their luck for sure. I am someone who has always had the understanding that no one can live as a gambler, regardless of whether he is rich or not. Gambling cannot be used as a source of income, you can imagine how a person can live by gambling while he has to spend every day to live while he does not ensure that every time he gambles he gets money, psychologically this is something that can be accepted.

Then the term shouldn't exist, right?

Obviously, there is a huge difference from an ordinary gambler to a professional gambler. Of course in terms of luck, either an ordinary or a professional is in the same spot but in terms of creating these opportunities or plays make them higher to those ordinary gamblers. They have built this experience and knowledge that made them a professional.

[lienfaye]

There are many people who indulge in gambling activities but I don’t think they gamble as their major source of income. They gamble to add up to their financial status, they play gamble as a side hustle. But in a case whereby the gambling is favoring the person, you don’t expect the person to quit gambling.

This is what many individual on this thread failed to understand, that those who made some income or a living from this industry were those who don't gamble or chase their losses. Most professionals we saw on the list have other sources of income and not just rely on gambling alone. Some of us here gamble as a side hustle, particularly myself.

If thats the case then it cant be tagged as a gambler making money through gambling alone because they are just playing as a sideline to earn extra and not because its their own main source of income. I believe there are professional gamblers (maybe only few) who rely on gambling to make money using their skills and strategy to maximize their earnings. But for an average gambler its quite hard to do it specially if they have no self control, the situation can turn to worse if you cant handle the losses.

[abhiseshakana]

I am someone who has always had the understanding that no one can live as a gambler, regardless of whether he is rich or not. Gambling cannot be used as a source of income, you can imagine how a person can live by gambling while he has to spend every day to live while he does not ensure that every time he gambles he gets money, psychologically this is something that can be accepted.

You've got a point .. basically, when someone is gambling they are taking risks for uncertain results in the hope of making a profit. So making gambling a source of livelihood is something that doesn't make sense because they have to depend on something uncertain.

But strangely there are people who take this path which in the end they will be faced with losses and after all the house always has an advantage because the odds are created to the house's benefit.

[FIFA worldcup]

I am someone who has always had the understanding that no one can live as a gambler, regardless of whether he is rich or not. Gambling cannot be used as a source of income, you can imagine how a person can live by gambling while he has to spend every day to live while he does not ensure that every time he gambles he gets money, psychologically this is something that can be accepted.

You've got a point .. basically, when someone is gambling they are taking risks for uncertain results in the hope of making a profit. So making gambling a source of livelihood is something that doesn't make sense because they have to depend on something uncertain.

But strangely there are people who take this path which in the end they will be faced with losses and after all the house always has an advantage because the odds are created to the house's benefit.

Do you know anyone who is taking gambling as a profession and yet making an household income for living ? I don't think anyone can make consistent income with gambling.
Gambling may give you a lot of money at once or you may lose all your money but getting regular income from gambling is impossible.

[freedomgo]

I am someone who has always had the understanding that no one can live as a gambler, regardless of whether he is rich or not. Gambling cannot be used as a source of income, you can imagine how a person can live by gambling while he has to spend every day to live while he does not ensure that every time he gambles he gets money, psychologically this is something that can be accepted.

You've got a point .. basically, when someone is gambling they are taking risks for uncertain results in the hope of making a profit. So making gambling a source of livelihood is something that doesn't make sense because they have to depend on something uncertain.

But strangely there are people who take this path which in the end they will be faced with losses and after all the house always has an advantage because the odds are created to the house's benefit.

Do you know anyone who is taking gambling as a profession and yet making an household income for living ? I don't think anyone can make consistent income with gambling.
Gambling may give you a lot of money at once or you may lose all your money but getting regular income from gambling is impossible.

That's not what people who are making gambling as a profession, you are talking about typical gamblers who just don't know how to manage their bankroll, and they want to win big money out from a small bankroll, professional gamblers does not work like that, their moves are calculated and they are into a long term journey, a small percentage of win is good enough for them as they have a decent bankroll.

You can tell if a gambler is really serious with the amount of bankroll he has.

[ethereumhunter]

Everyone can lose money even you use a very effective strategy in playing gambling you will not sure your winning. The proffesional earn a lot of money befause of their skills but it sometimes causes for them to lose a huge amount of money in the gamblibg.  Luck is needed also and you need to take a risk once you play your money is 50 percent plus to lose it.

But the difference is they know when they must stop gamble to prevent the big loss. The professional gambler will not follow their guts if they see the chance to win is not stay with them, and they can decide to stop in a short time without any trouble. Besides that, they have much experience compared to the other gamblers, which will help them minimize the loss. When they win the games, they will have a lot of money, and they can leave the gambling for some time to enjoy their win money.

[Mauser]

I am someone who has always had the understanding that no one can live as a gambler, regardless of whether he is rich or not. Gambling cannot be used as a source of income, you can imagine how a person can live by gambling while he has to spend every day to live while he does not ensure that every time he gambles he gets money, psychologically this is something that can be accepted.

You've got a point .. basically, when someone is gambling they are taking risks for uncertain results in the hope of making a profit. So making gambling a source of livelihood is something that doesn't make sense because they have to depend on something uncertain.

But strangely there are people who take this path which in the end they will be faced with losses and after all the house always has an advantage because the odds are created to the house's benefit.

While this might be the case for many of us, there is definitely a group of people who like risk and uncertainty. If you don't look for it you go for a safe 9 to 5 job without any upside. Your salary is fixed and you won't make any big pay jumps. People in the finance industry work a lot based on bonuses, so their salary is uncertain too. Or people working in sales are paid by commissions. There is also a change your salary per month.

[abhiseshakana]

While this might be the case for many of us, there is definitely a group of people who like risk and uncertainty. If you don't look for it you go for a safe 9 to 5 job without any upside. Your salary is fixed and you won't make any big pay jumps. People in the finance industry work a lot based on bonuses, so their salary is uncertain too. Or people working in sales are paid by commissions. There is also a change your salary per month.

Although both gamblers and employees get uncertain income, at least employees don't have the risk of losing money or the worst possibility is that what they did doesn't get rewarded, so they will only experience a loss in time and energy. Whereas in gambling, apart from an uncertain income, every gambler will definitely face the risk of losing their money.

[mirakal]

While this might be the case for many of us, there is definitely a group of people who like risk and uncertainty. If you don't look for it you go for a safe 9 to 5 job without any upside. Your salary is fixed and you won't make any big pay jumps. People in the finance industry work a lot based on bonuses, so their salary is uncertain too. Or people working in sales are paid by commissions. There is also a change your salary per month.

Although both gamblers and employees get uncertain income, at least employees don't have the risk of losing money or the worst possibility is that what they did doesn't get rewarded, so they will only experience a loss in time and energy. Whereas in gambling, apart from an uncertain income, every gambler will definitely face the risk of losing their money.

Both are really different when it comes to the purpose of making money, have a job and you are safe but you'll only make a specific amount while in gambling there's no limit of how much you can make if you are lucky.. we call this risking high for a high reward, that's what gamblers do.

Some people does not really focus on just one, they like to gamble, they work to earn and use their earning in gambling, they'll only stop working if they are already making a decent money in gambling consistently, which we are rarely see as mot of us are losing in gambling.

[Twentyonepaylots]

While this might be the case for many of us, there is definitely a group of people who like risk and uncertainty. If you don't look for it you go for a safe 9 to 5 job without any upside. Your salary is fixed and you won't make any big pay jumps. People in the finance industry work a lot based on bonuses, so their salary is uncertain too. Or people working in sales are paid by commissions. There is also a change your salary per month.

Although both gamblers and employees get uncertain income, at least employees don't have the risk of losing money or the worst possibility is that what they did doesn't get rewarded, so they will only experience a loss in time and energy. Whereas in gambling, apart from an uncertain income, every gambler will definitely face the risk of losing their money.

Pro gamblers get rich not because they win a lot, because when against other pro-gamblers, their chances of winning even out with each other. Now you might be asking why or how do they earn the big racks, which is of course due to publicity. More often than not they will advertise on the themselves pretty much as superstars which would then allow them to gain projects which offer more consistent pay and security. They may win, but that is not solely where their money comes from.

[maydna]

While this might be the case for many of us, there is definitely a group of people who like risk and uncertainty. If you don't look for it you go for a safe 9 to 5 job without any upside. Your salary is fixed and you won't make any big pay jumps. People in the finance industry work a lot based on bonuses, so their salary is uncertain too. Or people working in sales are paid by commissions. There is also a change your salary per month.

Although both gamblers and employees get uncertain income, at least employees don't have the risk of losing money or the worst possibility is that what they did doesn't get rewarded, so they will only experience a loss in time and energy. Whereas in gambling, apart from an uncertain income, every gambler will definitely face the risk of losing their money.

The worst thing that the employees can get is fired from their job, making them can't receive the payment. But the gamblers can't always make money every month because the gambling itself is not predicted when we can win and lose. But the loss of money in gambling will always be wide open, and only people who can control themselves and manage their money that will survive, and perhaps, they will have a chance to make money. Only a few people use gambling as a profession, and they really know how to treat gambling as a profession.

[Lorence.xD]

While this might be the case for many of us, there is definitely a group of people who like risk and uncertainty. If you don't look for it you go for a safe 9 to 5 job without any upside. Your salary is fixed and you won't make any big pay jumps. People in the finance industry work a lot based on bonuses, so their salary is uncertain too. Or people working in sales are paid by commissions. There is also a change your salary per month.

Although both gamblers and employees get uncertain income, at least employees don't have the risk of losing money or the worst possibility is that what they did doesn't get rewarded, so they will only experience a loss in time and energy. Whereas in gambling, apart from an uncertain income, every gambler will definitely face the risk of losing their money.

I think what you quoted refers to bonus or commissions on their work, of course having a stable job is different than a gambler in more ways than one and no, salary men have a certain income while gamblers don't have, your quote is referring to being a stagnant employee or not having any aspiration to be better. The proper word for it must be commissions because even if they do not get a sale, they still have an assured payment.

[blockman]

Do you know anyone who is taking gambling as a profession and yet making an household income for living ? I don't think anyone can make consistent income with gambling.
Gambling may give you a lot of money at once or you may lose all your money but getting regular income from gambling is impossible.

Those gamblers that have already a good status can do this. Those fairy tale stories of rags to riches through gambling are very rare but there are stories like that which are unbelievable.
I reckon that getting a daily profit through gambling is hard, it's not that impossible but it is inconsistent if someone does that. It can be a good day today and tomorrow up to a week but the next time, you know what's coming.

[bitzizzix]

Do you know anyone who is taking gambling as a profession and yet making an household income for living ? I don't think anyone can make consistent income with gambling.
Gambling may give you a lot of money at once or you may lose all your money but getting regular income from gambling is impossible.

Those gamblers that have already a good status can do this. Those fairy tale stories of rags to riches through gambling are very rare but there are stories like that which are unbelievable.
I reckon that getting a daily profit through gambling is hard, it's not that impossible but it is inconsistent if someone does that. It can be a good day today and tomorrow up to a week but the next time, you know what's coming.

It feels difficult and impossible if you only rely on gambling results to survive without having any other income besides gambling.
and if there are people who consider gambling as a profession without us realizing that that person has other income created from the results of gambling played, then gambling is inseparable from losing and winning and there will be more losses than winning.
So it is impossible to rely solely on gambling to survive even though at first you can, but over time you will realize that gambling will not always be relied on to make ends meet.

[blockman]

Do you know anyone who is taking gambling as a profession and yet making an household income for living ? I don't think anyone can make consistent income with gambling.
Gambling may give you a lot of money at once or you may lose all your money but getting regular income from gambling is impossible.

Those gamblers that have already a good status can do this. Those fairy tale stories of rags to riches through gambling are very rare but there are stories like that which are unbelievable.
I reckon that getting a daily profit through gambling is hard, it's not that impossible but it is inconsistent if someone does that. It can be a good day today and tomorrow up to a week but the next time, you know what's coming.

It feels difficult and impossible if you only rely on gambling results to survive without having any other income besides gambling.
and if there are people who consider gambling as a profession without us realizing that that person has other income created from the results of gambling played, then gambling is inseparable from losing and winning and there will be more losses than winning.
So it is impossible to rely solely on gambling to survive even though at first you can, but over time you will realize that gambling will not always be relied on to make ends meet.

It is a problem if that gambler doesn't have other means of income. As I'm telling, those gamblers that can go full time are well off with their status and has already the means of supporting themselves whether they fail as a full time and professional gambler.
That is like having the freedom and they're already financially free which I think most of them are. But there are still those gamblers that are hoping to be well off despite their living status isn't that good as I've mentioned.

[Pamadar]

Do you know anyone who is taking gambling as a profession and yet making an household income for living ? I don't think anyone can make consistent income with gambling.
Gambling may give you a lot of money at once or you may lose all your money but getting regular income from gambling is impossible.

Those gamblers that have already a good status can do this. Those fairy tale stories of rags to riches through gambling are very rare but there are stories like that which are unbelievable.
I reckon that getting a daily profit through gambling is hard, it's not that impossible but it is inconsistent if someone does that. It can be a good day today and tomorrow up to a week but the next time, you know what's coming.

There are bad days to anyone even pro gamblers knows about that.

The difference between gamblers and pro gamblers is how they percept things around gambling activities, ordinary gamblers keeps pushing forward and try hitting their luck in anyhow, up to busting all their bankroll, while pro gamblers knows how to stop and quit for the day once they've already met their budget losing inside the house, they knew that there's always tomorrow just needed to plan more deeper to recover what they've loss.

[michellee]

Do you know anyone who is taking gambling as a profession and yet making an household income for living ? I don't think anyone can make consistent income with gambling.
Gambling may give you a lot of money at once or you may lose all your money but getting regular income from gambling is impossible.

Those gamblers that have already a good status can do this. Those fairy tale stories of rags to riches through gambling are very rare but there are stories like that which are unbelievable.
I reckon that getting a daily profit through gambling is hard, it's not that impossible but it is inconsistent if someone does that. It can be a good day today and tomorrow up to a week but the next time, you know what's coming.

There are bad days to anyone even pro gamblers knows about that.

The difference between gamblers and pro gamblers is how they percept things around gambling activities, ordinary gamblers keeps pushing forward and try hitting their luck in anyhow, up to busting all their bankroll, while pro gamblers knows how to stop and quit for the day once they've already met their budget losing inside the house, they knew that there's always tomorrow just needed to plan more deeper to recover what they've loss.

Yes, you are right. The pro gamblers know how to manage their money and have many experiences that will help them to gamble. I think they will know if the situation is not good for them to continue to gamble, and they will stop gambling as fast as they can. The gamblers are still trying to make another winning because they seek their luck in the next rounds without thinking that luck will not stay for a long time.

[iTradeChips]

From my understanding, you can only be a professional gambler to those games where there are bigger odds of winning, like poker and betting. I am not sure about casino's though. I have not met anyone that made their living playing games on casino's. Do you know someone who has played slot machines and made it a source of income? Maybe someone can give us good examples of casino goers who made their living gambling in these places.