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

[qwertyup23]

Gambling is an industry that provides jobs to millions of people around the world.
There might be people living off on gambling wins but they'd soon run out of luck and end bankrupt and might even go insane or turn into a criminal.

There is a huge distinction between gambling that provides job opportunities for people AND people who gamble as their main source of income.

In the former, like you mentioned, it provides job opportunities to millions of people around the world. Not only does it contribute to the people but provides revenue for the country as well. The latter, however, is entirely different and significantly risky. They live around the edge wherein their main source of income is based on 70% luck and 30% skill.

[Pinkris128]

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.

There are people who uses gambling as a way of living and most of them had years of practice to hone their skills especially in card games like poker. Most of them also are gamblers in real life and hunt different casinos to try their gambling skills. Online gambling on the other hand, is more difficult because withdrawal fees can be high thus smaller income is expected if you turn gambling as full time profession. It is difficult but some can manage and continue to do so.

[Betwrong]

~
There is a huge distinction between gambling that provides job opportunities for people AND people who gamble as their main source of income.

In the former, like you mentioned, it provides job opportunities to millions of people around the world. Not only does it contribute to the people but provides revenue for the country as well. The latter, however, is entirely different and significantly risky. They live around the edge wherein their main source of income is based on 70% luck and 30% skill.

I agree with you. I've heard and read many times that poker(my favorite game) is a game of skill, but from my experience it mostly depends on luck, 70%/30%, like you said. Not to mention games like slots, dice, roulette, plinko and the likes where the ratio is 100%/0%.

I strongly believe that in most cases people who "live out of gambling" are no different from other gamblers except for one thing, they are more lucky than others.

[PeRo]

The only people I know that made a fortune or are making a living from gambling are mostly cheating. Such as labeled cards for poker or other card games or other framed games. Gambling sometimes does give you money, but you cant live from that, you either spend it or lose it in another run, so it can't really be a profession.

[boyptc]

The only people I know that made a fortune or are making a living from gambling are mostly cheating.

I don't think so.

There were legit wins and fortune in gambling for few people. I'm impress with those poker professionals that really are staying and making it a living. They have strategies and they are increasing also their emotional endurance which is needed for them not to tilt.

[partysaurus]

The only people I know that made a fortune or are making a living from gambling are mostly cheating. Such as labeled cards for poker or other card games or other framed games. Gambling sometimes does give you money, but you cant live from that, you either spend it or lose it in another run, so it can't really be a profession.

thats not true! alot of people been making a living from poker for over 50 years atleast, just check out this bronson fella in poker hes been living of poker way before it was even popular in the main stream same with stu ungar and alot of other people.
Gambling is ancient and alot of people made aliving out of it through time!

[BitcoinHunt3r]

The only people I know that made a fortune or are making a living from gambling are mostly cheating. Such as labeled cards for poker or other card games or other framed games. Gambling sometimes does give you money, but you cant live from that, you either spend it or lose it in another run, so it can't really be a profession.

thats not true! alot of people been making a living from poker for over 50 years atleast, just check out this bronson fella in poker hes been living of poker way before it was even popular in the main stream same with stu ungar and alot of other people.
Gambling is ancient and alot of people made aliving out of it through time!

Maybe we can count how much people success from gambling, but to said  no one that can be rich from gambling i am not agree too. Maybe who already skilled or maybe who join some competition already have a lot of money from gambling so they are usually ready to win or lose.

[freedomgo]

n count how much people success from gambling, but to said  no one that can be rich from gambling i am not agree too. Maybe who already skilled or maybe who join some competition already have a lot of money from gambling so they are usually ready to win or lose.

These are people with skills who can make consistent money in gambling, and they are professional as well so they are always ready to accept loses.
People with such skills is always realistic, their decision always has the basis and not just based on gut feel or being superstitious just to attract luck.

Their approach is different from most gamblers that's why only few of the total gamblers who are successful in making money. 

[AicecreaME]

The only people I know that made a fortune or are making a living from gambling are mostly cheating.

The only people I know saying people who makes fortune in gambling are mostly cheaters are those people who plays gambling but always lose, grow up. I will allow your accusation if you will provide enough evidence that will support this nonsense accusation of yours. Making a fortune is possible, everything is possible if you don't know how to quit in what you wanted to do. Put on their shoes on you before you judge them.

You don't know how much money they've risk just to be a professional gambler, try to make some efforts and hard work, you'll know what it feels to have a fortune doing something you really like.

[Best Dreams]

Gambling is an industry that provides jobs to millions of people around the world.
There might be people living off on gambling wins but they'd soon run out of luck and end bankrupt and might even go insane or turn into a criminal.

There is a huge distinction between gambling that provides job opportunities for people AND people who gamble as their main source of income.

In the former, like you mentioned, it provides job opportunities to millions of people around the world. Not only does it contribute to the people but provides revenue for the country as well. The latter, however, is entirely different and significantly risky. They live around the edge wherein their main source of income is based on 70% luck and 30% skill.

It is only person who use money for gambling and they get profit from it. Buying income from gambling is your own choice but having a job is an attractive options as in gambling you will not be sure about gaining profit but in your job you get monthly salary so be with both it saves you from so many financial crises.

[STT]

making a living from gambling are mostly cheating

This is thinking in absolutes too much, not every horse racing bet has to predict 1st sometimes just getting the place bet right consistently would be good enough.   Most of making gambling a regular source of income would be to even out the wins and losses.
   You dont have to be the best or right every time, just beat the majority of the crowd betting in that game and its possible to get a gain without extreme odds needed to be won.     I think a large part of poker players winning would be to find tables they can win on and out guess their opponents, if they were playing the best in the world every night then a profit is unlikely but a player who just finds less experienced player could do well enough.   I'd hope to be that good some day, till then I dont over bet or expect too much.

[BitcoinHunt3r]

n count how much people success from gambling, but to said  no one that can be rich from gambling i am not agree too. Maybe who already skilled or maybe who join some competition already have a lot of money from gambling so they are usually ready to win or lose.

These are people with skills who can make consistent money in gambling, and they are professional as well so they are always ready to accept loses.
People with such skills is always realistic, their decision always has the basis and not just based on gut feel or being superstitious just to attract luck.

Their approach is different from most gamblers that's why only few of the total gamblers who are successful in making money. 

yes, that is why maybe not much people can do that. Because a lo tof people in this world only rely on their luck for win. And almost all of them don't have skill on it. Maybe that is what called every person's gift is different. Although with same strategy, not means will give same results.

[lienfaye]

The only people I know that made a fortune or are making a living from gambling are mostly cheating.

Maybe there are some who cheat but we cant generalize those who manage to win as a cheater. I know few people who treat gambling as their profession/source of income just like my cousin, he is a regular cock fighting gambler and a breeder of cock (rooster) thats how he make a living.

Its hard to win in gambling and make it as a profession because we know how risky it is but there are really people who can take it as a profession. It might hard for us who think its impossible but for them there's a way, gain knowledge and be a risk taker.

[Prime Gold]

n count how much people success from gambling, but to said  no one that can be rich from gambling i am not agree too. Maybe who already skilled or maybe who join some competition already have a lot of money from gambling so they are usually ready to win or lose.

These are people with skills who can make consistent money in gambling, and they are professional as well so they are always ready to accept loses.
People with such skills is always realistic, their decision always has the basis and not just based on gut feel or being superstitious just to attract luck.

Their approach is different from most gamblers that's why only few of the total gamblers who are successful in making money. 

yes, that is why maybe not much people can do that. Because a lo tof people in this world only rely on their luck for win. And almost all of them don't have skill on it. Maybe that is what called every person's gift is different. Although with same strategy, not means will give same results.

Apart from strategy and luck I'm sure there are other factors but somehow they did it
I know one of the professional gambler, he is Vegas Dave. He made many victories and even made a living from gambling
of course he doesn't rely on luck, do you believe he relies on strategy? I honestly doubt, this is what I mean is there another factor

[mirakal]

The only people I know that made a fortune or are making a living from gambling are mostly cheating.

Maybe there are some who cheat but we cant generalize those who manage to win as a cheater. I know few people who treat gambling as their profession/source of income just like my cousin, he is a regular cock fighting gambler and a breeder of cock (rooster) thats how he make a living.

Its hard to win in gambling and make it as a profession because we know how risky it is but there are really people who can take it as a profession. It might hard for us who think its impossible but for them there's a way, gain knowledge and be a risk taker.

They are smart enough if they can cheat, but I doubt it will not be notice by a casino, they know that they are doing a profitable business and they are expecting to win most of the time, and when there's someone cheating, they will know that the pattern is not normal, so they will discover it easily, provided they have a very good system to audit transactions within.

[carlisle1]

Maybe we can count how much people success from gambling,

that's truly correct because only few becomes successful when many failed

but to said  no one that can be rich from gambling i am not agree too.

i personally knew some who turns to become richer in gambling industry

Maybe who already skilled or maybe who join some competition already have a lot of money from gambling so they are usually ready to win or lose.

because gambling industry don't just run in players/bettors there are many areas when you can earn in gambling without risking your money.you can lend inside casino for those who's put of cash with collateral and interest

[Questat]

because gambling industry don't just run in players/bettors there are many areas when you can earn in gambling without risking your money.you can lend inside casino for those who's put of cash with collateral and interest

That's only possible in physical casino but not in online, of course you can do that with a big capital and you have to charge the gambler with a big interest, you are always in the safe side since you have the collateral which is surely way higher than the amount you lent, I think usually who capitalize in this kind of deal are the casino owners as they have the capacity to lend big money.

[MonsterV]

making a living from gambling are mostly cheating

This is thinking in absolutes too much, not every horse racing bet has to predict 1st sometimes just getting the place bet right consistently would be good enough.   Most of making gambling a regular source of income would be to even out the wins and losses.
   You dont have to be the best or right every time, just beat the majority of the crowd betting in that game and its possible to get a gain without extreme odds needed to be won.     I think a large part of poker players winning would be to find tables they can win on and out guess their opponents, if they were playing the best in the world every night then a profit is unlikely but a player who just finds less experienced player could do well enough.   I'd hope to be that good some day, till then I dont over bet or expect too much.

People are saying that making a living in gambling is cheating because they don't have the skills.
You showed the right example and I think only those who really understands gambling deeply would believe that making a living in gambling is possible.

Many definitions of cheating are meant and they are different in every perspective. For example, in religion, we all know that gambling is prohibited in religion because it is not good and causes addictive activities. The obvious reason why cannot make gambling a place to make a living because gambling presents a great risk to the family's finances & economy. Ok maybe not everyone will run into financial risk, some might be rich because of gambling, but most of them may even be the opposite which can lead to crime because of this addictive activity.

[michellee]

People are saying that making a living in gambling is cheating because they don't have the skills.
You showed the right example and I think only those who really understands gambling deeply would believe that making a living in gambling is possible.

But I don't think that they can easily to cheating the gambling places because the gambling owner will prevent that even if they have skills. Yes, it is possible to make a living from gambling, but that will work for every gambler. Many people who are gamble still hoping that they can make a living in gambling, but they don't know, or they don't remember that it is difficult to get the money without having luck. So maybe they will only play the games and don't expect to win so who knows, the luck will come to them and give them a big jackpot.

[TopT3ns]

If described between normal gamblers and professional gamblers it is 1: 1,000,000 meaning the bookies are never defeated they will continue to make a profit
If there are 10% of professional gamblers in this world, bookies will go bankrupt. Make gambling as entertainment if winning is just a bonus