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

[boyptc]

I can't blame those gamblers who wants to live out of gambling but for me it is the worst decision a person can make. Many knows that gambling is the riskiest investment and they want to live out of it. If you really want to then you need a huge capital to live.

Gambling isn't even an investment. Who is so st*pid to say if gambling is one of investment? It's different story if you are telling about investment in gambling / casino. Even if you have huge bankroll, it doesn't make you never / can't lose in gambling, you will likely lose more if you try with huge money in gambling because of your greediness.

It's because they determine that the money you gamble is considered as an investment, simple as that. And saying that gambling for a living is a worst decision.

You should look at both sides, there were gamblers that made their lives great because of it but we know that the majority didn't. Those gamblers that became good at it as a source, of course they were very few.

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[Tungsten-1]

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.

Are you serious about this?

Luck is invisible, you can't predict whether this person will get lucky or not because it's very random. Even you're full of hard work and put so much effort into your passion, if there's no luck then you will still strive more to get another luck. Winning and being successful in gambling is pure luck, no one can get a winning streak in the whole year unless the person is cheating or controlling the house.

You didn't consider the other factors your friend has so he/she keeps winning. It's not about luck, it's your idea and strategy also but luck has the huge factor of winning.

Luck is a natural phenomenon that could happen to all of us and yes, it is indeed random. It is not luck anymore if you master gambling or became a professional gambler, it is what we called "skill" that could bring us fortune in playing gambling, but winning and being successful is not pure luck, maybe sometimes, but it's not always, because every time we play and lose, we learn, and we use those every lessons we learned in gambling to win profits.

Not only gambling but all games that we play are controlled by two important factors i.e. luck and skills about that game. The history of sports is full of incidences when luck came into action and made people victorious and vice versa. There are also numerous cases where people won because of their skills. So in short, we shall master the game and then rely on luck.

Agree with you say. Actually in gambling we can't just rely on luck alone, without any skill and strategy when playing. The luck factor also cannot always be expected when gambling, because it really doesn't always come. It's always better to add skills to each game than to expect to play with luck.

I think gambling is a matter of pure luck and strategies do play roll in gambling but only at the time when one’s luck is not working properly. Even if one’s strategy is good enough, even then he would need a good luck to win the game. For me, luck plays a keen role in each and every single game of gambling but I don’t know why you are not agreeing with luck involved in gambling.

[Eugenar]

My perception about it is that, there's no assurance of winning regularly in a gambling, or betting platform. And living out of gambling seems impossible as the creator of such gambling knows how the game is running. They all know the possibilities of the game, and know that they will always win. With regards for a person to live out of gambling, the main reason is when he/she knows the trick of a particular game, he has established his strong pattern on how to always win so the possibility of loss isn't bigger that winning.

[arifteguhr]

If there really is someone who is able to live a daily life as a gambler I think he will also have pressure in him because there is no ketengan life. every day have to think about whether it will really benefit or not. because many gamblers today are experiencing stress and ultimately suicide because they do not have the heart to be better than every day

[Barracuda]

If there really is someone who is able to live a daily life as a gambler I think he will also have pressure in him because there is no ketengan life. every day have to think about whether it will really benefit or not. because many gamblers today are experiencing stress and ultimately suicide because they do not have the heart to be better than every day

More precisely is profit. Someone who lives on gambling must think every day about profit. if not, they cannot lead a life without loss. This is what causes stress if income is not achieved every day.

[BITCOIN4X]

More precisely is profit. Someone who lives on gambling must think every day about profit. if not, they cannot lead a life without loss. This is what causes stress if income is not achieved every day.

Living life from gambling solely is a bad thing in my opinion, this will increase the great pressure. Many people are addicted to gambling even every day they are hard to do something useful, they always think to win so they will have difficulty sleeping. Do you think this kind of behavior is good to maintain?

[michellee]

More precisely is profit. Someone who lives on gambling must think every day about profit. if not, they cannot lead a life without loss. This is what causes stress if income is not achieved every day.

I am sure that professional gamblers can handle their emotions, and they will not become stress while they play gambling. They have a good experience in gambling longer than the people, and that is why they decide to be a professional gambler. But that will cost so much money before they can choose gambler as a profession and they need to learn more and more so they can be a professional gambler. People who want to use gambling as their job will not talk about anything because they will focus on the game. They will train themselves to have a high skill in gambling.

[swogerino]

have you ever heard about the 4 kinds of luck discussed by Naval?
it's really interesting subject:

The 4 types of luck, in cliches:

1. Dumb luck (random)

2. Fortune favors the bold (action)

3. Chance favors the prepared mind (preparation)

4. Extreme people get extreme results (unique action)

source:
https://twitter.com/nivi/status/1094940675353784320

Ways to get lucky:

• Hope luck finds you.

• Hustle until you stumble into it.

• Prepare the mind and be sensitive to chances others miss.

• Become the best at what you do. Refine what you do until this is true. Opportunity will seek you out. Luck becomes your destiny.

source:
https://twitter.com/naval/status/1093981014920052736

more here:
https://podcastnotes.org/2019/03/10/naval-nivi-5/

so,there's luck that finds you, but you can also work on something and learn how to be luckier.

[this post definitely deserves a merit]

I haven't heard about that but for someone who doesn't have technical knowledge about those different kinds of luck will understand that it's not with us all of the time. The problem starts if you keep on hustling and nothing ever happened finding your luck.

This gives false hope to the gambler and this can lead someone to become being broke.

The steps provided here are also gambles especially that fortune favors the bold.This very statement have ruined many lives because they applied this saying to their gambling activity.All the other steps involve luck so relying on luck is not something we can call a profession and it does not guarantee persistent wins in the long run.I have not seen a single individual making a living from gambling except the pokerstars players in Tv.

[stadus]

We don't talk about luck here if we are serious with making gambling as our profession.
When we speak of it as a profession, it's like a job that we need to perform effectively to have a great result and that requires us to be smart so we can be consistent in winning and we will end up profitable.

Luck will just come along the way but it will just come and go anytime, so we cannot rely on it.

[Finestream]

We don't talk about luck here if we are serious with making gambling as our profession.
When we speak of it as a profession, it's like a job that we need to perform effectively to have a great result and that requires us to be smart so we can be consistent in winning and we will end up profitable.

Luck will just come along the way but it will just come and go anytime, so we cannot rely on it.

I certainly agree with your statement, it's done with skills and not with luck, luck is only good for luck based games but we are talking of gambling as a profession, so obviously what we should be playing is a skilled based games like poker, sports betting, and even black jack.

[iyah adrian]

We don't talk about luck here if we are serious with making gambling as our profession.
When we speak of it as a profession, it's like a job that we need to perform effectively to have a great result and that requires us to be smart so we can be consistent in winning and we will end up profitable.

Luck will just come along the way but it will just come and go anytime, so we cannot rely on it.

If gambling has become a profession do not expect luck. That won't produce a consistent income.

What you say is true, if someone who lives from gambling / makes gambling as a daily job then do not ever expect luck alone. It's only for people who play gambling for fun.

[radjie]

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 think there are and they are many of them like casino operators, dealers, and usher they make a living out of the gambling industry, but if it is only in playing gambling, I don't think they are that many, because it's hard to make a living out of gambling alone, it's a game of luck that even gamblers have no control of, it takes to become a god of gambler to make a living out of gambling.

For people who are not playing gambling, but they work in the gambling industry, they can make a living from gambling. But for people who are playing gambling, they are hard to make a living. They will face experiences to get lost many times because they really need to have luck. The luck itself will not come to them every day so that will makes them have to lose the money.

We talk in the general of gambling games and not for specific of the games. Although there is a chance for poker player or sports betting which can make a living from that type of gambling, that still is difficult for ordinary people who don't have so many experiences to make a living from gambling.

obviously it will be difficult if you only rely on gambling as the main source to make a living. to win gambling, most people only rely on luck, therefore the income earned cannot be pegged every day. another case with those who work on gambling sites, of course they can make a living from gambling because he gets a fixed income that has been determined by the manager of the business itself

[freedomgo]

obviously it will be difficult if you only rely on gambling as the main source to make a living. to win gambling, most people only rely on luck

That's wrong, although its difficult but it's not impossible to win in gambling, if you rely on luck, you won't simply be making a living in gambling.

In order for you to win, you need to rely on your skills and the reality would tell that there are only few people who have the skills to make a living in gambling, and I am sure the casinos are aware of that but do they care? of course not, what they care is that they win in overall which they can pretty easily do.

[lienfaye]

In order for you to win, you need to rely on your skills and the reality would tell that there are only few people who have the skills to make a living in gambling,

Yes professional gambler are not just relying on their luck, they mainly use their skills and strategy to win. For an ordinary gambler it might hard to believe it but (just like what you have said) there are few gamblers who can actually do it.

Its just that not all can do it because we know majority are losing their money rather than winning.

[Slow death]

We can only be successful in sports betting by our own, so don't rely to other people.

about that, one will have to do a lot of research to gain knowledge about sports betting, and in those searches it will depend on data published by others. It is important to always look for different opinions on the same subject so that you can have a good knowledge, I read some stories of people who have succeeded in the world of gambling, but they avoid talking about their strategies and their failures.

[Question123]

In order for you to win, you need to rely on your skills and the reality would tell that there are only few people who have the skills to make a living in gambling,

Yes professional gambler are not just relying on their luck, they mainly use their skills and strategy to win. For an ordinary gambler it might hard to believe it but (just like what you have said) there are few gamblers who can actually do it.

Its just that not all can do it because we know majority are losing their money rather than winning.

skills is very important to the gamblers you know what you next to do to avoid losing money in gambling. Many professional gamblers did not depends on their luck they have they really want to make sure that they win when they play or bet in gambling but they have sometimes that because of their skills they lose of their money because that skills not works all the time.

[iyah adrian]

skills is very important to the gamblers

If you or someone has made gambling a profession then this is what you must have. Not just luck and play carelessly. It will result in loss and you don't get profit every day. Professional gamblers already know what to do and win not hoping for luck.

[vintages]

If we research in the internet, we will see a lot of people claiming they are winner in sports betting and they are selling their system to help gamblers, please don't fall for that as that is likely a scam attempt. We can only be successful in sports betting by our own, so don't rely to other people.

I see this alot of this on the Web, usually pity those who fell for those scams. Anyone who truly has a wining system for sport betting and wants to sell it or wants to teach someone is a pure scam. If they really have such thing as they claim, they won't want it saturated.

[d.kevin29]

skills is very important to the gamblers you know what you next to do to avoid losing money in gambling. Many professional gamblers did not depends on their luck they have they really want to make sure that they win when they play or bet in gambling but they have sometimes that because of their skills they lose of their money because that skills not works all the time.

If there was an actual "key" to gamble professionally, there would be no casinos around as everyone would know how to do it. Now you can give me the example of businesses by saying the same thing applies there too: some businessmen can succeed while some can't. However, gambling is much more different.

In business, you can predict and you can prevent. In gambling, you can't. When you place a bet, you know it could be a hit or a miss. In dice games you can say there are predictions as you can choose what profit % to get, but that doesn't mean you can easily get a profit. Gambling cannot be a profession, and whoever succeeds through it is doing it just because they were lucky. As a profession, it's short-lived.

Looking through and testing out gambling websites where you could use crypto to gamble with, I found most of the users having positive daily profit but negative overall. That gives you all the time a fake achievement and profit feeling when, in reality, you've actually lost overall. It makes no sense to be happy with your today's $1k profit if in the past 30 days you've lost $10k. However, casinos are well thought so we lose more than we win. I like the gambling communities but the games there cannot make you live out of them without luck. They were created this way.

So no, skill isn't important at all. The only thing that might help you not lose is the ability of thinking what sums to go and play with, because if you go all in you might lose the entirety of your funds. But that should be logic and whoever does that and then cries is silly. If you're risking your money, why are you crying when you lose it?

When it comes to sports betting, there might be a bit of truth out there as some sports bets are easier to predict, but the stakes should also be lower as far as my logic goes (never played sports betting before). However, there still are only a few out of all those players who can earn a good and sustainable amount of money through bets. So only a few can turn it into a living and EVEN THEN, it would still be pretty risky. Gambling's meaning is "play games of chance for money; bet" as Google results say, so even here there is a CHANCE of winning and one of losing.

All I have left to say is.. everyone gambling, whether on BTC or fiat, should take maximum care and only play with funds they can afford to lose. Use your brain and, hopefully, with a bit of luck, you'll be able to get some profit. But don't start with the thought of turning it into a profession, because it might hurt you or your wallet.

[Betwrong]

~If there was an actual "key" to gamble professionally, there would be no casinos around as everyone would know how to do it. Now you can give me the example of businesses by saying the same thing applies there too: some businessmen can succeed while some can't. However, gambling is much more different.

In business, you can predict and you can prevent. In gambling, you can't. When you place a bet, you know it could be a hit or a miss. In dice games you can say there are predictions as you can choose what profit % to get, but that doesn't mean you can easily get a profit. Gambling cannot be a profession, and whoever succeeds through it is doing it just because they were lucky. As a profession, it's short-lived.

Looking through and testing out gambling websites where you could use crypto to gamble with, I found most of the users having positive daily profit but negative overall. That gives you all the time a fake achievement and profit feeling when, in reality, you've actually lost overall. It makes no sense to be happy with your today's $1k profit if in the past 30 days you've lost $10k. However, casinos are well thought so we lose more than we win. I like the gambling communities but the games there cannot make you live out of them without luck. They were created this way.

So no, skill isn't important at all. The only thing that might help you not lose is the ability of thinking what sums to go and play with, because if you go all in you might lose the entirety of your funds. But that should be logic and whoever does that and then cries is silly. If you're risking your money, why are you crying when you lose it?

When it comes to sports betting, there might be a bit of truth out there as some sports bets are easier to predict, but the stakes should also be lower as far as my logic goes (never played sports betting before). However, there still are only a few out of all those players who can earn a good and sustainable amount of money through bets. So only a few can turn it into a living and EVEN THEN, it would still be pretty risky. Gambling's meaning is "play games of chance for money; bet" as Google results say, so even here there is a CHANCE of winning and one of losing.

All I have left to say is.. everyone gambling, whether on BTC or fiat, should take maximum care and only play with funds they can afford to lose. Use your brain and, hopefully, with a bit of luck, you'll be able to get some profit. But don't start with the thought of turning it into a profession, because it might hurt you or your wallet.

Good analysis there, mate. It is not so rare that when I check such long posts made by new members for plagiarism, they appear to be either partially or completely plagiarized. This post of yours was checked as 100% unique, so I decided to give you a merit.

I personally think that someone can say that gambling was a profession for him/her only post factum, after winning hundreds of thousands or millions of USD with it. Such people can(and have all the right to) give lectures and write books about how smart they are and how effective their strategies are, because, as they say, "the winner takes it all", not only money but fame also. But in fact they just happened to be more lucky than others in a certain period of time.