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

[Distinctin]

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.

You can't dictate the players on what to do as you are only betting on them, it always depends on your pick, you analyze by looking at the team and its players, and you choose a team that you believe will win because you trust their players, that's it.

As a gambler, you can't blame a player or a team but yourself as you are the one choosing, they will play their usual and if your prediction or expectation is correct then you win.

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

It's necessary to analyze the game but a skill is something that could give you more wins than loses.

[Shasha80]

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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.

I agree that gambling can be a good source of income for casinos owners, because indeed the casino system was created to be able to make money
for its owner. But for gamblers who play at casinos I don't agree with making gambling a good source of income. Because the risk of experiencing
a loss is very much greater than getting the benefits of playing gambling. I always suggest to all gamblers make gambling just for entertainment.
In my opinion even though gambling in certain countries is legal, not necessarily good as a source of income.

[Twentyonepaylots]

Poker and blackjack seems to be the go-to of these professional gamblers. I guesz because it's easy and the mechanics of the game are basically elementary and what makes it really hard is the human mind's lack of attention to detail, which these professionals honed to suit best in their particular game. Now that being said, they could just be fairly better than a regular poker player or blackjack enthusiast, with margins of failure still here and there. But knowing they are pro at their game adds that sense of intimidation.

[boyptc]

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

It's necessary to analyze the game but a skill is something that could give you more wins than loses.

Emphasizing about winning and losing.

Whether you're skilled, you'll really lose and win. Skill is a plus to make you near and higher chance to win because you understand the game and the players surrounds it.

And analyzing is the skill.

[KTChampions]

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.

That's why I don't pay someone to learn, I learn on my own through what I read and most especially my experience. There are many offers online for sports bettor, they will tell you to subscribe and get picks but it's not really true because all they want is your subscription fee and even if they cap the games hard, there's still no guarantee that the bet will win, but they do guarantee, that's the saddest thing and a big sign of scam.

All these suggestions are as ridiculous as selling a book "how to make a million selling a book" how to make a million "" 
The only thing that plays into the hands of such sellers is the stupid policy of bookmakers who ban temporarily successful players or simply reduce their betting limits to a minimum. I've heard a lot of complaints about this.

[michellee]

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.

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.

Yes, I am sure the pro gamblers do not want to be known as pro gamblers as they want to enjoy their normal lives as human beings like other people. They will consider that what they did in gambling is their secret and not spread to many people. Only a few people around them will know for sure about that, and those people will not tell other people about his secret.

[Karartma1]

I just opened an old gambling account I had on a crypto casino. I was looking at the stats and I remembered the strategy I used there.
I kept using the same strategy until I reached 5 btc profit (over a million bets...) and then two very bad losing streak in row nuked my excellent strategy.
tldr the longer you play on a profit, the higher the chances of losing everything.

[rig4hodlers]

Just curious here.
I know there are tons of way to live.

but is there such a thing as professional gamblers?

people who make a living onlyout of gambling (online or on rl)?

resources and comments on that are really welcome.

Yes, there are tons of professional gamblers worldwide, not even like an individual gambler, just some companies where you can put your money in and they assure an ROI in 'X' months. I will never put my money on unknown hands even if they are reputable ones, I don't trust in any assured ROI when we are talking about gambling and the real scores/results depend on multiple aspects where you can not control any of them. But I have some good crypto friends who are doing a lot of money with a gambling business but they even told me that no one will give you money for free, you have to assume a high risk if you want to get something back.

[ethereumhunter]

I just opened an old gambling account I had on a crypto casino. I was looking at the stats and I remembered the strategy I used there.
I kept using the same strategy until I reached 5 btc profit (over a million bets...) and then two very bad losing streak in row nuked my excellent strategy.
tldr the longer you play on a profit, the higher the chances of losing everything.

That was an emotional feeling you got after that loss, and that was a pain in your head because I can felt it too. I am sure that is an important lesson to all of us, so we do not have to stay too long and play the games. No matter if you kept using the same strategy or using the other strategy, the result can be losing the money, including the money you already won. If we can win for some money, we must quit gambling and leave the place as fast as we can before it is too late to realize and lose the money.

[iamsheikhadil]

I just opened an old gambling account I had on a crypto casino. I was looking at the stats and I remembered the strategy I used there.
I kept using the same strategy until I reached 5 btc profit (over a million bets...) and then two very bad losing streak in row nuked my excellent strategy.
tldr the longer you play on a profit, the higher the chances of losing everything.

Well, it's law of probability and actual science that makes you lose in the long run, which is 100% guaranteed because it's backed up by math, while you winning is backed up by pure luck, you should have cashed out the 5 btc they are worth a quarter of a million dollars now but yeah, regret will be there but it's alright, all things in life is predetermined by God

[blockman]

tldr the longer you play on a profit, the higher the chances of losing everything.

That's the case for some gamblers and those who have really lived on their lives depending on it, also knew that this might happen to them. But just as you, they might have come up with an idea and strategy on how to control themselves on it.
And that's why they were able to make bold moves and decisions which prolongs their stay and survival as a gambling professional.

[Becky666]

I just opened an old gambling account I had on a crypto casino. I was looking at the stats and I remembered the strategy I used there.
I kept using the same strategy until I reached 5 btc profit (over a million bets...) and then two very bad losing streak in row nuked my excellent strategy.
tldr the longer you play on a profit, the higher the chances of losing everything.

How could you of all people still continued the journey of danger after when you have made something good from your bet?, you could have exited the scene of the game to enjoy your win. The two bad streak could have be avoided only if you were able to control your emotions in the process of the game, "I'm a hit and run gambler" and am very much proud of this, those who live out of gambling won't practice this either.

[Viscore]

I just opened an old gambling account I had on a crypto casino. I was looking at the stats and I remembered the strategy I used there.
I kept using the same strategy until I reached 5 btc profit (over a million bets...) and then two very bad losing streak in row nuked my excellent strategy.
tldr the longer you play on a profit, the higher the chances of losing everything.

Well, it's law of probability and actual science that makes you lose in the long run, which is 100% guaranteed because it's backed up by math, while you winning is backed up by pure luck, you should have cashed out the 5 btc they are worth a quarter of a million dollars now but yeah, regret will be there but it's alright,

As the saying goes, cash out when you are ahead. In games like luck based, there's no chance to win in the long run, we can be lucky, that's it, take the opportunity by cashing out and enjoy the winning, sometimes we just want more because we are greedy but regret the wrong decision later.

It's just similar to investing, we should know when to take profit, and don't aim to high that would only reduce your chances of getting profitable.

all things in life is predetermined by God

You are correct but we should be realistic and always consider the probability as luck is not consistent as well.

[KTChampions]

That's the case for some gamblers and those who have really lived on their lives depending on it, also knew that this might happen to them. But just as you, they might have come up with an idea and strategy on how to control themselves on it.
And that's why they were able to make bold moves and decisions which prolongs their stay and survival as a gambling professional.

I think this is not their merit and not a consequence of their bold moves. We must remember that for every lucky one there are 10 of the same losers, such is gambling. Someone is lucky, someone is not and nothing depends on the player. A few gamblers make a really smart move - after a big win they stop playing forever)

[freedomgo]

That's the case for some gamblers and those who have really lived on their lives depending on it, also knew that this might happen to them. But just as you, they might have come up with an idea and strategy on how to control themselves on it.
And that's why they were able to make bold moves and decisions which prolongs their stay and survival as a gambling professional.

I think this is not their merit and not a consequence of their bold moves. We must remember that for every lucky one there are 10 of the same losers, such is gambling. Someone is lucky, someone is not and nothing depends on the player. A few gamblers make a really smart move - after a big win they stop playing forever)

I wish that time will reach for me where I have to stop and just enjoy my winning. However, I think it will only happen if I win a jackpot money in lottery as in sports betting it's not easy to win big unless you have a big bankroll too (which most of us don't have).

There are ways to win big from small bet which is the parlay bet but just like a lottery, the chance is very small.

[Lorence.xD]

Poker and blackjack seems to be the go-to of these professional gamblers. I guesz because it's easy and the mechanics of the game are basically elementary and what makes it really hard is the human mind's lack of attention to detail, which these professionals honed to suit best in their particular game. Now that being said, they could just be fairly better than a regular poker player or blackjack enthusiast, with margins of failure still here and there. But knowing they are pro at their game adds that sense of intimidation.

You don't need a lot of attention to detail when it comes to poker because I believe that it is more on the psychology and tactics that you need to focus on more than attention to detail, maybe taking notes as to how your opponent behaves but that is not a lot of attention to detail. Blackjack on the other hand really needs a lot especially if you are card counting and with most casinos trying to outwit these people, an intense attention to detail. But that is not the only thing that a professional gambler should possess, a professional has to have some decorum too.

[Silberman]

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.

If you are only interested in gambling for fun then you are right, luck is by far the most important factor, but if you want to have a chance to become a professional luck should be a nonfactor, those that win at gambling have margin of victories that are way smaller than what you describe but that does not matter and that is because they see it as a business and not as a source of joy which allow them to make bets only when they have an edge and get some profits long term.

[Karartma1]

To all those patronizing what I shared earlier, please refrain from telling me what should I have done back then. When you are in that situation, the rational part of yourself 99% of the times goes away and you are left with nothing than pure instinct.
I lost and I learnt my lesson, that's what I do care.

[Viscore]

To all those patronizing what I shared earlier, please refrain from telling me what should I have done back then. When you are in that situation, the rational part of yourself 99% of the times goes away and you are left with nothing than pure instinct.
I lost and I learnt my lesson, that's what I do care.

Exactly, we may think different once we are in the actual situation and since this is gambling, we win or lose and it's just unfortunate that you lose. However, I admire the words coming from you about learning from your experience as that would make us better and more consistent in the long run.

[Goodluckmate.com]

I agree with some folks here saying gambling for fun and gambling as a profession is a completely different thing. As part of GoodLuckMate we're closely working and socializing with all kinds of experts and professionals in the industry. When you do it as a job, you do need money management, strategies, and discipline.

In poker, for example, it's not that about how lucky you are but about knowing when to stay in the game and when to give up. I've heard that giving up on bad hands is the best way to stay in the game longer and leave your opponents to eliminate one another. Even in my playing for fun poker nights, I've tried playing smart and disciplined and had great results. Other times, I played without worrying too much about the outcome and always was among the first to lose everything.

Plus, making money as a professional gambler isn't about your winnings only. There are sponsorships, there is merch, there is streaming. Professional gamblers these days have many opportunities to make cash when they establish their name a bit. Of course, streamers sometimes hit massive prizes and sometimes have unlucky streaks, but everything's part of the game. We have our own Mr. GoodLuckMate Twitch channel, too. You can check it out here - https://www.twitch.tv/mrgoodluckmate - if that's your thing. He got lucky once or twice.  

My take is that discipline comes above all. When you see gambling as a job, you go for smart and calculated decisions rather than just keep spinning or keeping your hand even though it's the best decision to stop. The same goes for any hobby versus job I think. I know people who write professionally and they do like 3000 words a day and never complain. Then, hobby writers sometimes don't write anything because they lack creativity. For professional writers lack of creativity isn't an option. Same for football players, bloggers, chefs, and whatever else comes to mind.

Still, I do hope that casual and hobby players will get lucky at least a few times in their lifetime. Hitting a massive prize (I'm thinking at least $10k) must be an amazing feeling.