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

[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.

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

A lot of things people can use as their strategy like what you said about "another factor" maybe condition of opponent especially in card game or maybe like we can make them to doubt with their card, or whatever it is called.

[Reatim]

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.

What I believe is casino employees is whom doing this kind of business inside casino because they’re the one who’s in full contact with the players and they are monitoring each who’s on losing position ,and also they knew who are those bettors that has this attitude of pawning their things when at loss .i have met some casino employees that has this strategy and they are richer by now .and they are not going to work for their work pay but for the profits from the busines

[Natalim]

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 

Definitely they won't as the math says they still has the advantage.
They can consider those loses as part of their operating expenses or whatever they called it as long as the result is still profit.

Gambling business is a very profitable business due to the high edge of the operators, that's why other countries are banning it, some are requiring a high taxes on casinos but they are still operating, so that would simply described how big the money they can get in this business.

[wxa7115]

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.

And that is only true in the games in which your skill can affect the outcome, like poker, sports betting or blackjack, on the rest of the games the split of the percentages is 100% luck and 0% skill, this is something many do not want to acknowledge but it is the truth so there are many games that no matter what you do you cannot expect to be profitable while playing them and while some are able to get some profits out of them that is just because they were lucky.

And as we know you cannot rely on your luck when it comes to your profession because just when you need your luck the most it is sure to abandon you.

[gabbie2010]

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.

Winning consistently in gambling also requires some skill a newbie gambler who gambles for living should not have the mindset of gambling blindly else his account would be blown up within the shortest time, thus gambles who do it for a living takes their time to analyze and research well before playing their bets while there is the assurance of winning week in, week out.

[FlamingFingers]

I know of some guys in my area that takes gambling as a full time job,  they based their analysis and research on football betting alone,  all they do is to pick up to 5-10 odds of games,  but they invest heavily in each tickets,  they are professionals in gambling and it's been paying them, the number of wins are more than loses

[ivorychris]

Very interesting topic. Tell me im too old school however I still believe that gambling is still a win of luck.
Similar with trading its not always a winning trade even though you are a professional trader.

[Ucy]

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!

I don't need to verify to believe this. I think it's possible. The most skillfull poker players will definitely win most of their bets if "they stay hidden"... This is skill-based gambling common sense but many find it hard to believe. Besides, poker is a skill-based game. The most skillfull players will always win and they probably live off poker.

[Best Dreams]

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.

What I believe is casino employees is whom doing this kind of business inside casino because they’re the one who’s in full contact with the players and they are monitoring each who’s on losing position ,and also they knew who are those bettors that has this attitude of pawning their things when at loss .i have met some casino employees that has this strategy and they are richer by now .and they are not going to work for their work pay but for the profits from the busines

If the casino holders are doing this so it’s not done the only thing that must be considered is fair playing of any game. I know the casino organizer remains fully in contact with each player so only they are the people who can create any situation so being a gamblers people will have to remain so careful and not to get in any casino without full satisfaction.

[gandame]

Very interesting topic. Tell me im too old school however I still believe that gambling is still a win of luck.
Similar with trading its not always a winning trade even though you are a professional trader.

Yes its true that gambling is win of luck many people are getting poor because they are not lucky they are always lose. So they are broke no money no house and some they left there family for that gambling.
Also in trading you some can lose their capital and some are getting more benefits so they are similar because both are need luck to win.

[Natalim]

Very interesting topic. Tell me im too old school however I still believe that gambling is still a win of luck.
Similar with trading its not always a winning trade even though you are a professional trader.

Yes its true that gambling is win of luck many people are getting poor because they are not lucky they are always lose. So they are broke no money no house and some they left there family for that gambling.
Also in trading you some can lose their capital and some are getting more benefits so they are similar because both are need luck to win.

To become broke, that's the worse punishment of being irresponsible or unrealistic because its not about luck alone.

That's being stupid if you will only rely on luck because the more you gamble, the more you lose without consistency, and to achieve consistency, you need to develop your skills in gambling as that would make you confident, luck only does come unexpectedly so just erase it in your mind, if you are lucky then well and good but never consider it as your strategy if you are gambling consistently.

[FontSeli]

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 

It all depends on what the professional players specialize in. For example poker players do not bring damage to the casino they always play with each other and beat each other. The casino in this case acts only as an intermediary. And just in poker there are a lot of professional players who go to various tournaments and in this way earn a living.

[hahay]

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 

It all depends on what the professional players specialize in. For example poker players do not bring damage to the casino they always play with each other and beat each other. The casino in this case acts only as an intermediary. And just in poker there are a lot of professional players who go to various tournaments and in this way earn a living.

Yes, but still, even though the casino is only an intermediary and from them or gamblers there will be losers and winners. Gambling is a quick turnaround of money and indeed some gamblers are able to maintain victory for some time and not for ever because there are times when they will quit gambling to look for other professions that can generate more stable money.

[FontSeli]

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 

It all depends on what the professional players specialize in. For example poker players do not bring damage to the casino they always play with each other and beat each other. The casino in this case acts only as an intermediary. And just in poker there are a lot of professional players who go to various tournaments and in this way earn a living.

Yes, but still, even though the casino is only an intermediary and from them or gamblers there will be losers and winners. Gambling is a quick turnaround of money and indeed some gamblers are able to maintain victory for some time and not for ever because there are times when they will quit gambling to look for other professions that can generate more stable money.

Of course. No player can win all the time, but among professional poker players, it is enough to show yourself several times at major Championships to get sponsorships from major poker sites, such as PokerStars and others. These players may not be many, but I think that all over the world there will be several hundred or even thousands of people who somehow receive income from poker or its advertising.

[Cacingkemi]

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 

It all depends on what the professional players specialize in. For example poker players do not bring damage to the casino they always play with each other and beat each other. The casino in this case acts only as an intermediary. And just in poker there are a lot of professional players who go to various tournaments and in this way earn a living.

Yes, but still, even though the casino is only an intermediary and from them or gamblers there will be losers and winners. Gambling is a quick turnaround of money and indeed some gamblers are able to maintain victory for some time and not for ever because there are times when they will quit gambling to look for other professions that can generate more stable money.

certainly not forever they will rely on to get money only from the results of gambling alone, even though he has expertise in gambling. sometimes they feel bored with gambling activities that he does, especially if there are partners who offer promising businesses that can make a lot of money, automatically for a while he will leave the gambling activity.

[Tungsten-1]

Very interesting topic. Tell me im too old school however I still believe that gambling is still a win of luck.
Similar with trading its not always a winning trade even though you are a professional trader.

No doubt that gambling is still a case of luck. From luck I meant to say about good luck only because bad luck has no role to play in case of gambling. If someone tries to carry on with bad luck despite his or her bad luck, then I think it’s totally something that wouldn’t last long. So gambling is only the matter of luck and if even the whole world starts saying that this is wrong, it can never change.

[Best Dreams]

Very interesting topic. Tell me im too old school however I still believe that gambling is still a win of luck.
Similar with trading its not always a winning trade even though you are a professional trader.

No doubt that gambling is still a case of luck. From luck I meant to say about good luck only because bad luck has no role to play in case of gambling. If someone tries to carry on with bad luck despite his or her bad luck, then I think it’s totally something that wouldn’t last long. So gambling is only the matter of luck and if even the whole world starts saying that this is wrong, it can never change.

I agree with you in gambling is about luck but don't forget that luck and skill both has to Carry. If you have good luck and you have abilities to play a game well you will win and then after your effort your luck will help you. With out anything else you can't only rely on luck. One have to have good skills to play well in gambling.

[romero121]

Very interesting topic. Tell me im too old school however I still believe that gambling is still a win of luck.
Similar with trading its not always a winning trade even though you are a professional trader.

No doubt that gambling is still a case of luck. From luck I meant to say about good luck only because bad luck has no role to play in case of gambling. If someone tries to carry on with bad luck despite his or her bad luck, then I think it’s totally something that wouldn’t last long. So gambling is only the matter of luck and if even the whole world starts saying that this is wrong, it can never change.

I agree with you in gambling is about luck but don't forget that luck and skill both has to Carry. If you have good luck and you have abilities to play a game well you will win and then after your effort your luck will help you. With out anything else you can't only rely on luck. One have to have good skills to play well in gambling.

When you have luck, even if you don't play the game well you'll be winning. This is the truth of luck, when you are playing depending upon the skills you've gathered it is a must to have some luck. Because to study the scripts of each and every gambling site is a hard thing. We can make calculations and play, but the luck is the one that gets us with the winning on the amount risked.

There are people who consider it to be a profession. From my experience as a gambler it is hard to be a professional gambler, you need to have patience, patience, patience. If you have that somehow you can earn, if not at least you can get rid of the losses.

[Betwrong]

~
To become broke, that's the worse punishment of being irresponsible or unrealistic because its not about luck alone.

That's being stupid if you will only rely on luck because the more you gamble, the more you lose without consistency, and to achieve consistency, you need to develop your skills in gambling as that would make you confident, luck only does come unexpectedly so just erase it in your mind, if you are lucky then well and good but never consider it as your strategy if you are gambling consistently.

No one is permanently lucky or unlucky. Movies and books have implanted this idea in people's minds that there are those who are constantly lucky in gambling, in love, in everything, and there are others who are cursed or something, and whatever they do they encounter misfortune in the process. Such stories sell well,but they have little to do with reality.

For the most part, people who are called "professional gamblers" are neither more skillful, nor more lucky than other gamblers. They just have been more lucky than others for the last several years.

[bitzizzix]

Luck will always be on the side of those who work or make a living from gambling income, because they will try to master the game and will continue to play to earn income for their needs, and this happens to my close friends and even he has more income than me who has permanent work.
and as long as he enjoys and always earns income from gambling he will continue to play, and only God will change it because it has become his way and plan and there will be a good time to change it at the right time.