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

[Wonder_woman]

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.

I have seen a lot of people living in gambling especially here in crypto. It is very good and great in feelings that gambling in crypto is really helpful sometimes you will lose but then there is still winnings and when you hit the jackpot well I would say that life is very easy but when I lose I would still say that life goes on. There are some people make gambling as there daily income even though it is addicted but for those who are living through it has already control on their emotions and need to control on betting since they need to have an extra money for their daily needs.

[1713860440]

1713860440

[deisik]

If we have enough capital, maybe the easiest way to make a living in gambling is just to start our own casino or gambling sites

Nowadays, it is no less a daunting task than winning in such a casino

If you follow the Services section of the forum, now and then you see new casinos entering the spotlight and recruiting forum members to post with their signatures. After a few weeks of advertising most of them disappear to never to be seen or heard of again. What does it tell us? I guess that the competition in the field is extremely tight up to a point of brutal, and even if you have enough funds to start it off, it doesn't mean you are going to succeed as you also need a lot of expertise in, for example, running a business

[bedroid]

If we have enough capital, maybe the easiest way to make a living in gambling is just to start our own casino or gambling sites

Nowadays, it is no less a daunting task than winning in such a casino

If you follow the Services section of the forum, now and then you see new casinos entering the spotlight and recruiting forum members to post with their signatures. After a few weeks of advertising most of them disappear to never to be seen or heard of again. What does it tell us? I guess that the competition in the field is extremely tight up to a point of brutal, and even if you have enough funds to start it off, it doesn't mean you are going to succeed as you also need a lot of expertise in, for example, running a business

I tried to making a living at playing blackjack. I lost a lot of money.  And I'm an amazing blackjack player too, to the point that I have to worry about casino surveillance and they're tactics to interfere with the outcomes of my game play. I'm talking about real world casinos. The only way to gamble professionally is to "Hit and Run". Play for no more than 1 hour per gambling session. The longer you gamble the more likely that you'll lose.

[semobo]

If we have enough capital, maybe the easiest way to make a living in gambling is just to start our own casino or gambling sites

Nowadays, it is no less a daunting task than winning in such a casino

If you follow the Services section of the forum, now and then you see new casinos entering the spotlight and recruiting forum members to post with their signatures. After a few weeks of advertising most of them disappear to never to be seen or heard of again. What does it tell us? I guess that the competition in the field is extremely tight up to a point of brutal, and even if you have enough funds to start it off, it doesn't mean you are going to succeed as you also need a lot of expertise in, for example, running a business

Its true that most gambling sites won't survive even for months but many new gambling sites represents that we are getting more competition and more quality of service while gambling but we should not consider it will increase our chance of living with gambling.

[Botnake]

If we have enough capital, maybe the easiest way to make a living in gambling is just to start our own casino or gambling sites

Nowadays, it is no less a daunting task than winning in such a casino

If you follow the Services section of the forum, now and then you see new casinos entering the spotlight and recruiting forum members to post with their signatures. After a few weeks of advertising most of them disappear to never to be seen or heard of again. What does it tell us? I guess that the competition in the field is extremely tight up to a point of brutal, and even if you have enough funds to start it off, it doesn't mean you are going to succeed as you also need a lot of expertise in, for example, running a business

I agree with your statement, capital is the most important when running your own casino but it does not guarantee you success since the competition is really tight. Those old casinos are dominating in the market because the competition here is based on how reputable your casino is, and usually a new casino has to build their reputation until they will be able to attract more gamblers are grow.

Running a casino is also a gamble, actually a high risk as well as you need big amount of capital to build a good casino which you cannot ensure you'll succeed.

[deisik]

If we have enough capital, maybe the easiest way to make a living in gambling is just to start our own casino or gambling sites

Nowadays, it is no less a daunting task than winning in such a casino

If you follow the Services section of the forum, now and then you see new casinos entering the spotlight and recruiting forum members to post with their signatures. After a few weeks of advertising most of them disappear to never to be seen or heard of again. What does it tell us? I guess that the competition in the field is extremely tight up to a point of brutal, and even if you have enough funds to start it off, it doesn't mean you are going to succeed as you also need a lot of expertise in, for example, running a business

I tried to making a living at playing blackjack. I lost a lot of money.  And I'm an amazing blackjack player too, to the point that I have to worry about casino surveillance and they're tactics to interfere with the outcomes of my game play. I'm talking about real world casinos. The only way to gamble professionally is to "Hit and Run". Play for no more than 1 hour per gambling session. The longer you gamble the more likely that you'll lose

Totally agree with this attitude

In fact, that's what I've been telling here myself. Unless you are playing for fun and personal enjoyment only (read, you are paying for the thrill and excitement with the money you lose gambling), your only chance is to hit a lucky strike and then run away immediately without looking back, ever. It is not uncommon to win big but it is not less uncommon to succumb to the desire to win more and more that leads to a fiasco

[pieppiep]

Its true that most gambling sites won't survive even for months but many new gambling sites represents that we are getting more competition and more quality of service while gambling but we should not consider it will increase our chance of living with gambling.

That is for the business owner who operates their gambling site. Maybe they are not use gambling as a profession, but they are a business person in the gambling section. But for the gamblers, I think that it is difficult to live out of gambling since gambling is one exciting thing that people want to play. Maybe for the gambler who can master one or two types of gambling can live from gambling and they are making money for buying something to their daily life.

Besides that, gambler and gambling owner is different so we cannot say that the gambling owner is a profession like a gambler.

[livingfree]

I tried to making a living at playing blackjack. I lost a lot of money.  And I'm an amazing blackjack player too, to the point that I have to worry about casino surveillance and they're tactics to interfere with the outcomes of my game play. I'm talking about real world casinos. The only way to gamble professionally is to "Hit and Run". Play for no more than 1 hour per gambling session. The longer you gamble the more likely that you'll lose.

Does this means that you have stopped already making a living with blackjack? but you are still playing it occassionally unlike before? The hit and run strategy is true, if you ever hit a good amount then stop for the meantime and enjoy your profit.

Comeback again tomorrow and play again. But like the typical gamblers attitude, sometimes we aren't contented with a small amount or with a few wins, tendency we continue until we lose.

[Questat]

I tried to making a living at playing blackjack. I lost a lot of money.  And I'm an amazing blackjack player too, to the point that I have to worry about casino surveillance and they're tactics to interfere with the outcomes of my game play. I'm talking about real world casinos. The only way to gamble professionally is to "Hit and Run". Play for no more than 1 hour per gambling session. The longer you gamble the more likely that you'll lose.

Does this means that you have stopped already making a living with blackjack? but you are still playing it occassionally unlike before? The hit and run strategy is true, if you ever hit a good amount then stop for the meantime and enjoy your profit.

Comeback again tomorrow and play again. But like the typical gamblers attitude, sometimes we aren't contented with a small amount or with a few wins, tendency we continue until we lose.

A good amount is not a small amount, of course we can stop for awhile and enjoy it, I've done that many times in my life.
Therefore I can say that I am not a professional in gambling because professionals does not do that, they gamble regularly and they will only stop when they needed to, either they will win or lose.

[tvplus006]

The remaining 1% are those who are making a living from gambling.

That's means gambling industry are so rich because they take the 99% chance of making money compared to only 1% of their gamblers who make a living in gambling. I don't know what percentage exactly but I do believe it's possible to make a living in gambling and 1% is just too small, maybe like 5%, but like I said, I really don't know because I myself is not making a living in gambling although in the past I tried to find ways to make it possible, but failed.

Its hard to determine the rate, but it's easy to determine who really are making profit in gambling, and it's non other than the gambling operators.
Aiming to make gambling as a living is a hard job, maybe the hardest kind of job in this world as we know that majority of the gamblers loses over time.

If we have enough capital, maybe the easiest way to make a living in gambling is just to start our own casino or gambling sites.

It’s very difficult to make a casino yourself. There is an opportunity to invest in an already functioning gaming site. And there are actually a lot of such sites that want to attract investors for their business. One such site is Mintdice https://mintdice.com/guide/investing But I am not familiar with the details of investing.

[Rikafip]

The remaining 1% are those who are making a living from gambling.

That's means gambling industry are so rich because they take the 99% chance of making money compared to only 1% of their gamblers who make a living in gambling. I don't know what percentage exactly but I do believe it's possible to make a living in gambling and 1% is just too small, maybe like 5%, but like I said, I really don't know because I myself is not making a living in gambling although in the past I tried to find ways to make it possible, but failed.

Its hard to determine the rate, but it's easy to determine who really are making profit in gambling, and it's non other than the gambling operators.
Aiming to make gambling as a living is a hard job, maybe the hardest kind of job in this world as we know that majority of the gamblers loses over time.

If we have enough capital, maybe the easiest way to make a living in gambling is just to start our own casino or gambling sites.

Contrary to the popular belief , casinos don't have huge profit margin. From my experience , they have less than 10%, after they pay all the taxes and licenses, and taxes for these kind of business are quite high. Truth to be told,i worked in Europe where taxes on these things are quite high, some specific places like Vegas or Macau might have lower taxes.

So it is not so easy, to just open casino and make easy money.

[Betwrong]

~
If we have enough capital, maybe the easiest way to make a living in gambling is just to start our own casino or gambling sites.

Contrary to the popular belief , casinos don't have huge profit margin. From my experience , they have less than 10%, after they pay all the taxes and licenses, and taxes for these kind of business are quite high. Truth to be told,i worked in Europe where taxes on these things are quite high, some specific places like Vegas or Macau might have lower taxes.

So it is not so easy, to just open casino and make easy money.

You are right. I'm already sick of hearing how much money casinos make. If it was true, anyone could borrow money, open a casino and prosper ever after. Firstly, many casinos go bankrupt. Secondly, I think that after deduction of taxes and all other expenses, they make much less than 10% of the amount wagered on their site. I even think that they make much less than 5%, actually.

As of being a professional gambler, most of them have sponsors. Very few poker players can afford hundreds of thousands USD buy-ins, so they've got that covered by rich people or companies, whom they either advertise or share the winnings with them.

[freedomgo]

The remaining 1% are those who are making a living from gambling.

That's means gambling industry are so rich because they take the 99% chance of making money compared to only 1% of their gamblers who make a living in gambling. I don't know what percentage exactly but I do believe it's possible to make a living in gambling and 1% is just too small, maybe like 5%, but like I said, I really don't know because I myself is not making a living in gambling although in the past I tried to find ways to make it possible, but failed.

Its hard to determine the rate, but it's easy to determine who really are making profit in gambling, and it's non other than the gambling operators.
Aiming to make gambling as a living is a hard job, maybe the hardest kind of job in this world as we know that majority of the gamblers loses over time.

If we have enough capital, maybe the easiest way to make a living in gambling is just to start our own casino or gambling sites.

Contrary to the popular belief , casinos don't have huge profit margin. From my experience , they have less than 10%, after they pay all the taxes and licenses, and taxes for these kind of business are quite high. Truth to be told,i worked in Europe where taxes on these things are quite high, some specific places like Vegas or Macau might have lower taxes.

So it is not so easy, to just open casino and make easy money.

Well, you don't pay taxes if you are not making an income, so basically those casinos who pays taxes are making, regardless of how high the taxes they will paid, they will still up profitable as the basic computation in account is (gross income, less, expenses, taxes, and net income).

This industry would also not grow if making business here is not profitable in general.
If a businessman have a capital, he might gamble in this kind of business, and if he can compete and make customers satisfied, then I think his casino will eventually become popular.

[deisik]

The remaining 1% are those who are making a living from gambling.

That's means gambling industry are so rich because they take the 99% chance of making money compared to only 1% of their gamblers who make a living in gambling. I don't know what percentage exactly but I do believe it's possible to make a living in gambling and 1% is just too small, maybe like 5%, but like I said, I really don't know because I myself is not making a living in gambling although in the past I tried to find ways to make it possible, but failed.

Its hard to determine the rate, but it's easy to determine who really are making profit in gambling, and it's non other than the gambling operators.
Aiming to make gambling as a living is a hard job, maybe the hardest kind of job in this world as we know that majority of the gamblers loses over time.

If we have enough capital, maybe the easiest way to make a living in gambling is just to start our own casino or gambling sites.

Contrary to the popular belief , casinos don't have huge profit margin. From my experience , they have less than 10%, after they pay all the taxes and licenses, and taxes for these kind of business are quite high. Truth to be told,i worked in Europe where taxes on these things are quite high, some specific places like Vegas or Macau might have lower taxes.

So it is not so easy, to just open casino and make easy money

I guess the question raised in this topic is more about online casinos

As it appears, they also should register their business somewhere as you can see references to places like Curacao (which seems to be a casino paradise). But other than that, I don't think you will have to pay any taxes as it would be hard to independently confirm the profits earned by a particular casino (though I can be wrong, of course). But it is still an interesting question to learn what their expenses are in this department (license costs, taxes, etc)

[Rikafip]

The remaining 1% are those who are making a living from gambling.

That's means gambling industry are so rich because they take the 99% chance of making money compared to only 1% of their gamblers who make a living in gambling. I don't know what percentage exactly but I do believe it's possible to make a living in gambling and 1% is just too small, maybe like 5%, but like I said, I really don't know because I myself is not making a living in gambling although in the past I tried to find ways to make it possible, but failed.

Its hard to determine the rate, but it's easy to determine who really are making profit in gambling, and it's non other than the gambling operators.
Aiming to make gambling as a living is a hard job, maybe the hardest kind of job in this world as we know that majority of the gamblers loses over time.

If we have enough capital, maybe the easiest way to make a living in gambling is just to start our own casino or gambling sites.

Contrary to the popular belief , casinos don't have huge profit margin. From my experience , they have less than 10%, after they pay all the taxes and licenses, and taxes for these kind of business are quite high. Truth to be told,i worked in Europe where taxes on these things are quite high, some specific places like Vegas or Macau might have lower taxes.

So it is not so easy, to just open casino and make easy money

I guess the question raised in this topic is more about online casinos

As it appears, they also should register their business somewhere as you can see references to places like Curacao (which seems to be a casino paradise). But other than that, I don't think you will have to pay any taxes as it would be hard to independently confirm the profits earned by a particular casino (though I can be wrong, of course). But it is still an interesting question to learn what their expenses are in this department (license costs, taxes, etc)

Well, when it comes to online casinos i am not sure what is procedure regarding licenses and how it goes, but i am sure that you have to pay taxes as any other online business. But it is more convenient to register your company somewhere with lower taxes.

Regarding physical casinos, beside all the taxes you have to pay, there are licenses too, and they are not cheap. Beside casinos, for some time i worked in something  we call in my country ''Automat Club" , where you only have slot machines and electronic roulette, no live stuff.It was relatively small place, we had 60-70 slot machines and 2 electronic roulettes, and for 1 year license i think my employer had to pay 15000 euro,that's something like 16.5k USD (that was back in 2008), and when you add on that all possible taxes that are higher than for some regular business, you don't end with huge profit.

After working there, i must say i respect anyone going into that business, it ain't as easy as some would like to think.

[peter0425]

You can call yourself as a professional gambler or whatever who make a living out of it successfully for years ... until the time where you lost everything because of gambling come.

I don't think people who go home with nothing but stories of the casino after losing everything can be called professionals!

Well you have a point because professionals has the ability to be almost perfect on their field before they can claim professionalism but before that they cannot be considered as one.

You need to make bank to be considered a professional gambler and as far as I know such people that make it out with a good pay cheque at the end of their games do exist and I have seen and read about them ,year in year out.

Not necessarily bank but atleast you can win 60-80% in your field or in gambling career to be one professional gamblers(all of these is my views as very few are turn successful by gambling itself)

[Best Dreams]

The remaining 1% are those who are making a living from gambling.

That's means gambling industry are so rich because they take the 99% chance of making money compared to only 1% of their gamblers who make a living in gambling. I don't know what percentage exactly but I do believe it's possible to make a living in gambling and 1% is just too small, maybe like 5%, but like I said, I really don't know because I myself is not making a living in gambling although in the past I tried to find ways to make it possible, but failed.

Its hard to determine the rate, but it's easy to determine who really are making profit in gambling, and it's non other than the gambling operators.
Aiming to make gambling as a living is a hard job, maybe the hardest kind of job in this world as we know that majority of the gamblers loses over time.

If we have enough capital, maybe the easiest way to make a living in gambling is just to start our own casino or gambling sites.

It’s very difficult to make a casino yourself. There is an opportunity to invest in an already functioning gaming site. And there are actually a lot of such sites that want to attract investors for their business. One such site is Mintdice https://mintdice.com/guide/investing But I am not familiar with the details of investing.

Of course no one can easily make a casino everyone will have to rely on premade or available casino. If all those casino are ready to provide profit with safety people can invest but most of them are scammers so we should avoid fake and illegal sites for online gambling I also would like this site either it has good offers for new investors or not.

[dunfida]

The remaining 1% are those who are making a living from gambling.

That's means gambling industry are so rich because they take the 99% chance of making money compared to only 1% of their gamblers who make a living in gambling. I don't know what percentage exactly but I do believe it's possible to make a living in gambling and 1% is just too small, maybe like 5%, but like I said, I really don't know because I myself is not making a living in gambling although in the past I tried to find ways to make it possible, but failed.

Its hard to determine the rate, but it's easy to determine who really are making profit in gambling, and it's non other than the gambling operators.
Aiming to make gambling as a living is a hard job, maybe the hardest kind of job in this world as we know that majority of the gamblers loses over time.

If we have enough capital, maybe the easiest way to make a living in gambling is just to start our own casino or gambling sites.

It’s very difficult to make a casino yourself. There is an opportunity to invest in an already functioning gaming site. And there are actually a lot of such sites that want to attract investors for their business. One such site is Mintdice https://mintdice.com/guide/investing But I am not familiar with the details of investing.

Of course no one can easily make a casino everyone will have to rely on premade or available casino. If all those casino are ready to provide profit with safety people can invest but most of them are scammers so we should avoid fake and illegal sites for online gambling I also would like this site either it has good offers for new investors or not.

Hard decisions is always come on initial phase when we do tend to invest into a particular online casino specially when start ups.
We cant easily tell which one is legit and which one is scam but there are lots of factors for you to check if that one is worthy to invest on or not.
It depends on how you investigate or escalate the factors that would convince you to throw up some funds.

[suzanne5223]

The remaining 1% are those who are making a living from gambling.

That's means gambling industry are so rich because they take the 99% chance of making money compared to only 1% of their gamblers who make a living in gambling. I don't know what percentage exactly but I do believe it's possible to make a living in gambling and 1% is just too small, maybe like 5%, but like I said, I really don't know because I myself is not making a living in gambling although in the past I tried to find ways to make it possible, but failed.

Its hard to determine the rate, but it's easy to determine who really are making profit in gambling, and it's non other than the gambling operators.
Aiming to make gambling as a living is a hard job, maybe the hardest kind of job in this world as we know that majority of the gamblers loses over time.

If we have enough capital, maybe the easiest way to make a living in gambling is just to start our own casino or gambling sites.

It’s very difficult to make a casino yourself. There is an opportunity to invest in an already functioning gaming site. And there are actually a lot of such sites that want to attract investors for their business. One such site is Mintdice https://mintdice.com/guide/investing But I am not familiar with the details of investing.

You make a good point and I also support the act of investing in gambling bankroll cause is another way of making passive income. However, the creation of a gambling site is a long process but ones don't need to have huge capital before he can create a because he can just make use of IEO scheme if have what it take.

[livingfree]

A good amount is not a small amount, of course we can stop for awhile and enjoy it, I've done that many times in my life.
Therefore I can say that I am not a professional in gambling

A good amount depends on how you accept that amount is.

For example, you've won a small amount but you think that's acceptable then that's a good amount for you. Not every gambler is not contented with every small wins that we have. There are still gamblers that are happy already as long as they've won small rather than losing big.

professionals does not do that, they gamble regularly and they will only stop when they needed to, either they will win or lose.

Yes, they gamble regularly but a professional gambler knows how to stop and it happens mostly if they keep on losing.