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Author Topic: Gambling as a profession: there's people who live out of gambling?  (Read 6920 times)
Silberman
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March 05, 2021, 03:38:41 AM
 #1221

but what are your opinions on the matter of sports betting?
any skill involved?
to me feels like it's simpy pure luck, but I'm not the biggest sports connoisseur

No, luck is a part of the game. But you can minimize luck especially when it come to sports betting. There is a reason why people (even they are less) living from sports betting. They have a good knowledge and access to (mostly paid) statistics which help them to have an advance.
Sport betting is as much about knowledge about the game itself as it is knowledge about statistics, hoping to somehow become profitable in sport betting without a strong background on probabilities and statistics is a mistake, obviously luck still can play a factor but the whole point of sport betting systems is to reduce the luck aspect of the game because as we know this does not benefit the player especially during the long run.



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March 05, 2021, 04:51:38 AM
 #1222

Gambling is played by many as a profession and by many as a form of entertainment. Sports betting will depend on luck many depend on this game but must have skills it is very difficult to win if you do not become proficient in gambling you just have to be more discriminating with the help you render toward other people there are many professional gamblers who make their living by gambling it is better to take short term bets as you have to incur losses for long term holdings. All kinds of bets will benefit if you can master the right technique of the game.
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March 05, 2021, 07:54:05 AM
 #1223

Sports betting will depend on luck many depend on this game but must have skills it is very difficult to win if you do not become proficient in gambling
If you're not proficient in gambling, you're doing a YOLO.

And that's confusing if you tell that sports betting depends on luck and you say that it's difficult if you're not skilled. But in reality, you need to be more skilled than to be lucky on sports betting.

It is why you'll see professionals in sports betting because it's better to be skilled on that niche than depending on luck.

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March 05, 2021, 12:43:25 PM
 #1224

Gambling is a profession, I know.  But this job is not long, and it cannot sustain you for life.  Consistency needs training, but is it possible to deny the threshold of ambition?  Very few people have success with gambling in both calculation and luck.  So, entertain and stop at the right time.  Gamblers are often rooted in nature. Grin
There are always both sides of the story. We know that it cannot sustain for life but you should ask someone who's been gambling all of his life and remains to be a gambler up to this time. There are ways that they can sustain their lives and if it's already their life, they can make a living from it and won't just give up when they lose. As you said, there are few people that are successful in making it a living so if they are, they are sustaining their lives through it.
They can only sustain if they themselves are making money in gambling.

No one can last long in gambling if he is risking a decent amount and not making money at all since the reality will bite us which is we lose in the long run, good thing for some people this is not a threat to them as in the long run they become more consistent and they are making money.
Even if we say that no one can last long in gambling, many people still play gambling and hope to make money from gambling. No matter how much money they already lose and will lose, they will come back and play the other gambling games. If they can not realize that, sooner or later, they can become addicted to gambling, and once they addicted to gambling, it is hard to stop their habit and solve the problem.

Gambling really attempts to attract and seduce people to come back over and over. And that will depend on how strong that person to stop gambling and not thinking gambling as a source of income.

The word "if" is a difference making, few will last because they are profitable, and that's the real definition of gamblers making a living or they call themselves professional but some are really professional but they are hiding their real identity, for them winning is what matters, they don't need to brag their success.

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March 05, 2021, 12:53:26 PM
 #1225

Sports betting will depend on luck many depend on this game but must have skills it is very difficult to win if you do not become proficient in gambling
If you're not proficient in gambling, you're doing a YOLO.

And that's confusing if you tell that sports betting depends on luck and you say that it's difficult if you're not skilled. But in reality, you need to be more skilled than to be lucky on sports betting.

It is why you'll see professionals in sports betting because it's better to be skilled on that niche than depending on luck.

IMHO, Luck is the most important in gambling regardless of what type it is. There is no guarantee that you will win 100% on sports betting no matter how skilled you are, Maybe 70% to 80% is your chance of winning if you are a good analyst but not necessary you can guarantee a won. Luck is the one who fill the remaining on the 100% winning probability and this is what people always missing out.

There's no sure/guarantee win in sports betting because it is a form of GAMBLING. You need to have a balance of that attributes if you want to become proficient on sports betting.

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March 05, 2021, 08:18:21 PM
 #1226

In a conglomerate luck influences, it is a factor that must be taken into account, statistics too, knowledge is also another factor, if we put these factors together we have to add the percentage that will always be that of the house, I think that to be a professional it is It takes a long time, the most feasible way is by playing or betting and having micro gains but taking into account that the bets or games have a higher efficiency index, the bad thing is when you play with a lot of money or bets with a lot of money and you lose more than what is available, there must be a loss control in each gamer.

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March 05, 2021, 09:44:44 PM
 #1227

In a conglomerate luck influences, it is a factor that must be taken into account, statistics too, knowledge is also another factor, if we put these factors together we have to add the percentage that will always be that of the house, I think that to be a professional it is It takes a long time, the most feasible way is by playing or betting and having micro gains but taking into account that the bets or games have a higher efficiency index, the bad thing is when you play with a lot of money or bets with a lot of money and you lose more than what is available, there must be a loss control in each gamer.
Control is vital in order for you to stay in the game, professional bettors have that control, in fact I believe their bankroll is ready to withstand a long losing streak and they will not loss their focus as sports betting in order to be profitable too, you need to take it slowly but surely, and it should be a long term gambling which consistency is your main key to winning.

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March 05, 2021, 10:48:03 PM
 #1228

I don't quite agree with you. Luck can bring you a win, but you can't bet long on the distance with wires alone. Obviously, there is no guarantee of victory in betting and no one can give it. However, you can reduce the probability of losing with analysis, but it will always be there. Analysis will give you an understanding of what to look at and what factors can contribute to the result.

Money management can extend the life of the deposit, but you will not change the likelihood of losing in any way. The advantage of a casino is a constant indicator in any game (in the sense that a player cannot influence it). All these strategies and tricks taught by experienced players to beginners (often for money) are self-deception.

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March 06, 2021, 06:47:20 AM
 #1229

Sport betting is one of the few gambling games in which the player has an actual chance of beating the casino....
I think sports betting are more popular than in the casino, most of the popular games in the casinos are the card games and those luck based games like roulette and the machines, you know what I'm saying.

Sports betting always belong to the skilled based type of game, one can succeed here if he has the right skills, it's not easy because according t the stats, lots of bettors are losing than winning, but the most important thing is we have a chance and there are people who succeed in sports betting.
Different games appeal to different kinds of people, there are many people that only want to relax and do not want to think too much when they gamble so they prefer games like dice and similar in which you do not have to think too much, but there are other people that prefer skill based games like poker or sports bets because even if they are not professional gamblers and they have no chance to become winners over the long term they still want to do what they can to improve their odds thanks to their knowledge of the game.
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March 06, 2021, 09:28:52 AM
 #1230



Money management can extend the life of the deposit, but you will not change the likelihood of losing in any way. The advantage of a casino is a constant indicator in any game (in the sense that a player cannot influence it). All these strategies and tricks taught by experienced players to beginners (often for money) are self-deception.

I agree with that, I was deceived that I can regain my losses through playing martingale because I can see that by doubling up you can regain all your losses with one bet, but it did not explain that I need a large bankroll so I can keep up, it took me some games before I realized that it will not work all the time, you can him some time but most of the time the strategy will not work.

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March 06, 2021, 10:06:37 AM
 #1231



Money management can extend the life of the deposit, but you will not change the likelihood of losing in any way. The advantage of a casino is a constant indicator in any game (in the sense that a player cannot influence it). All these strategies and tricks taught by experienced players to beginners (often for money) are self-deception.

I agree with that, I was deceived that I can regain my losses through playing martingale because I can see that by doubling up you can regain all your losses with one bet, but it did not explain that I need a large bankroll so I can keep up, it took me some games before I realized that it will not work all the time, you can him some time but most of the time the strategy will not work.
Lol that is gambling , the more you eager winning is the more you become a loser so best to just play smart and patient than trying to win faster.
Sometimes it is the luck that waits more time before making friend with you and that is the start of you becoming winner.

Remember that in gambling you may lose mostly but when you get the right attitude? then win may at your side more often than losses.

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March 06, 2021, 10:27:39 AM
 #1232



Money management can extend the life of the deposit, but you will not change the likelihood of losing in any way. The advantage of a casino is a constant indicator in any game (in the sense that a player cannot influence it). All these strategies and tricks taught by experienced players to beginners (often for money) are self-deception.

I agree with that, I was deceived that I can regain my losses through playing martingale because I can see that by doubling up you can regain all your losses with one bet, but it did not explain that I need a large bankroll so I can keep up, it took me some games before I realized that it will not work all the time, you can him some time but most of the time the strategy will not work.
Don't get fooled by any strategy or money management techniques as there are none! If you gamble, you should consciously know from the start that you're fighting against the house. You may be the lucky one who takes it all but history shows that a small minority enjoyed some glimpse of fortune while the desperate majority lose most of the money along the way.
Only play for fun and be ready to lose, don't put more than you can afford to lose and be happy with it.
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March 06, 2021, 11:42:58 AM
 #1233

Maybe for sportsbooks, there are those who can get an average profit every month if it is calculated, but if for slots or games that make emotions, I don't think it will be able to benefit because you can be sure that whatever wins they get will come back again and in the end they will lose. . being unable to control is what puts a lot of people at a disadvantage in gambling. lust to play  Smiley

Obviously you can't make a living in luck based games, unless you are cheating, that way winning is easy for you but in general you can win in games with house edge in the long run. Sports betting is just one of the games that you can win in the long run, provided you have what it takes to be successful and we are talking of skills here.

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March 06, 2021, 01:23:18 PM
 #1234

Maybe for sportsbooks, there are those who can get an average profit every month if it is calculated, but if for slots or games that make emotions, I don't think it will be able to benefit because you can be sure that whatever wins they get will come back again and in the end they will lose. . being unable to control is what puts a lot of people at a disadvantage in gambling. lust to play  Smiley

Obviously you can't make a living in luck based games, unless you are cheating, that way winning is easy for you but in general you can win in games with house edge in the long run. Sports betting is just one of the games that you can win in the long run, provided you have what it takes to be successful and we are talking of skills here.

The thought of saying "making a living" means you are consistently winning in gambling, and it's not possible in slots or roulette as this type of game has a high house edge, you can be lucky once but you'll still be part of the losers who lose in the long run.

I going to be bias as I myself love sports and I'm betting on sports so I believe that if we concentrate and take this as our path, we might be successful here and one day our dream will be realize which is to make a living in gambling.

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March 06, 2021, 01:46:35 PM
 #1235

I know who makes a living from poker games, where your opponents are human and you can have more control of the game as you gain experience.
However, in gamblings of chance where you depend mostly on luck, its impossible to live this.
Sports betting could also be a way if the bets weren't to benefit so much the home. In these cases, I see that 50% is lucky and the rest of the statistics... still, I can't live with that.

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March 06, 2021, 04:55:26 PM
 #1236

I know who makes a living from poker games, where your opponents are human and you can have more control of the game as you gain experience.
However, in gamblings of chance where you depend mostly on luck, its impossible to live this.
Sports betting could also be a way if the bets weren't to benefit so much the home. In these cases, I see that 50% is lucky and the rest of the statistics... still, I can't live with that.
Of course, making a living with gambling is just a silly idea, I am not intentionally complaining too much about this thought but even if we have certain skills, it's just a small bright spot in the dark, I've never seen someone who can survive just by luck, we can not think our luck is infinite, if that's true, many people have become rich without effort and learning. In order to live in this society, a job based on skills and knowledge is a prerequisite, use luck will not be sustainable, until one day this cruel world will give us a taste of suffering when we don't have a steady job.

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March 06, 2021, 05:18:03 PM
 #1237

I know who makes a living from poker games, where your opponents are human and you can have more control of the game as you gain experience.

With strategy games, experienced gives you edge to your opponents. With good disipline and skills, the chance of using this edge
to live a life is very possible.


Quote
However, in gamblings of chance where you depend mostly on luck, its impossible to live this.

But there are people/gamblers who confidently use this venue to earned decent money from time to time.

Quote
Sports betting could also be a way if the bets weren't to benefit so much the home. In these cases, I see that 50% is lucky and the rest of the statistics... still, I can't live with that.

Sports betting also gives some priviledge if you understand the game and you are good in managing your bankroll.

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Mauser
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March 06, 2021, 05:32:35 PM
 #1238

I know who makes a living from poker games, where your opponents are human and you can have more control of the game as you gain experience.
However, in gamblings of chance where you depend mostly on luck, its impossible to live this.
Sports betting could also be a way if the bets weren't to benefit so much the home. In these cases, I see that 50% is lucky and the rest of the statistics... still, I can't live with that.

Yeah poker might be the one game where a lot of people can earn a living trough it. In the new GGPoker app you can see the lifetime earnings of each player you play against which is pretty interesting. I am kind of surprised how many people managed to win 10,000+ USD through poker. Unfortunately I am not good enough for the higher stakes, so I am already happy about winning a few hundred bucks.
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March 06, 2021, 05:38:54 PM
 #1239

I know who makes a living from poker games, where your opponents are human and you can have more control of the game as you gain experience.
However, in gamblings of chance where you depend mostly on luck, its impossible to live this.
Sports betting could also be a way if the bets weren't to benefit so much the home. In these cases, I see that 50% is lucky and the rest of the statistics... still, I can't live with that.
Of course, making a living with gambling is just a silly idea, I am not intentionally complaining too much about this thought but even if we have certain skills, it's just a small bright spot in the dark, I've never seen someone who can survive just by luck, we can not think our luck is infinite, if that's true, many people have become rich without effort and learning. In order to live in this society, a job based on skills and knowledge is a prerequisite, use luck will not be sustainable, until one day this cruel world will give us a taste of suffering when we don't have a steady job.

It depends on the person on how he wants to live and what kind of work he wanted to. Gambling can be a good source of income but not that particularly for long term. I think as a second job or what we call sideline. Also, those who are owners of casinos are making it as their source of income, right? I can say that whenever you can spend some money in a good way and legal way, it is good and that's what you want. Nobody can say that it is bad or not enough because it will always depend on the persons actions not on the people who are talking about it yet didn't have any way of making profit for themselves.
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March 06, 2021, 09:25:22 PM
 #1240

Sports betting will depend on luck many depend on this game but must have skills it is very difficult to win if you do not become proficient in gambling
If you're not proficient in gambling, you're doing a YOLO.

And that's confusing if you tell that sports betting depends on luck and you say that it's difficult if you're not skilled. But in reality, you need to be more skilled than to be lucky on sports betting.

It is why you'll see professionals in sports betting because it's better to be skilled on that niche than depending on luck.

IMHO, Luck is the most important in gambling regardless of what type it is. There is no guarantee that you will win 100% on sports betting no matter how skilled you are, Maybe 70% to 80% is your chance of winning if you are a good analyst but not necessary you can guarantee a won. Luck is the one who fill the remaining on the 100% winning probability and this is what people always missing out.

There's no sure/guarantee win in sports betting because it is a form of GAMBLING. You need to have a balance of that attributes if you want to become proficient on sports betting.
The percentage that you've given for someone skilled is good. I agree that luck is needed but for skilled based games, it all depends to the players of that game you bet on.

That's why analyzing it is a skill that you can do and improve to make yourself better from it.

.
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