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

[pleasureteam]

There are lots of professional gambler. but to become a professional gambler you do require a lot of external skills to become a professional gambler.

firstly I do not categorise casino or chance games to be a good way to be a professional gambler. all games that have a house edge just cannot be a full time source of income. cause in the long run you will never end up in profit when playing casino games, slots and other games with house edge.

I do believe you can become a professional gambler and lots of them exist already. But I do believe you can only become a professional gambler in gambling games of skill. In my opinion the 2 only ways to consider yourself a professional gambler is to be successful in poker or in sports betting.

But it is not that easy to become a professional gambler and you need a lot more than just some skills and luck. I know a couple professional sport bettors and poker players myself and they all are very intellectual people. To become a professional poker player or sports bettor you need to have a lot of experience with maths, statistics and analytical skills.

You can have a good life as professional gambler but it can't be underestimated. I know a professional sport bettor. He is doing sports bets full time since 1998 and I know he and his team of analysts spent many more hours on analysing games, verifying statistics than they actually bet. Lets say it takes 1 hour daily to effectively place the bets but it takes 8-12 hours of work upfront placing the bets.... And most important of all he makes a good living out of it but he is by far become a millionaire.

You can become a professional but with the right mindset. You need to be willing to put in many more hours than you would do in a regular job and you cannot have the intention to become millionaire overnight.

You can hit the jackpot in a poker tournament but that are only 5% of total professional poker community that makes such huge cashes. 95% of professional poker player make a good living but not become a millionaire.
Same for professional sports punters. They never chase huge winnings but they place thousands of bets on a monthly basis to keep in a positive ROI.


So conclusion: There are many professional gamblers but it is a tough life and not always the glitter and glamour you see from those poker players winnings millions in 1 single tournament. Majority of professional gamblers need to work and spend ten times more time to make their living out of gambling.

[Visbay]

Surely luck matters in gambling as I know to become a good gambler you must have good luck that can make you win but to become a professional gambler only luck cannot make you win but you must have skills and you must have plenty of knowledge to win with the tricks and also you should have experience and guts to face risk of gambling.

Even the professional gamblers are losing some money. Its just a matter on when they will stop (self control).

Professional gamblers (if there are) know when to stop and when to play. If they know that they aren't lucky at that time then they will stop and call it a day. Even the most skilled and the most experienced gamblers doesn't win all the time. For me, it will be a matter of if you are lucky or not

Agree with you, a good gambler must know when it is time to gamble and when it is time to stop gambling. Just manage your money for gambling and never cross your limit when you feel you are in trouble just stop gambling for some time then again you can gamble later when you become mentally relax as lose gives stress even if it’s miner lose.

[supercanada1]

Surely luck matters in gambling as I know to become a good gambler you must have good luck that can make you win but to become a professional gambler only luck cannot make you win but you must have skills and you must have plenty of knowledge to win with the tricks and also you should have experience and guts to face risk of gambling.

Even the professional gamblers are losing some money. Its just a matter on when they will stop (self control).

Professional gamblers (if there are) know when to stop and when to play. If they know that they aren't lucky at that time then they will stop and call it a day. Even the most skilled and the most experienced gamblers doesn't win all the time. For me, it will be a matter of if you are lucky or not

If professional gamblers is being used for old players then well and good otherwise, the literal meaning of this term does not hold true. The longer you play this game, the more you become it addict and the more it becomes difficult to stay away from this game. There are very few people who have mastered the art of self control. Moreover, only poker players do get some benefit with time.

[boyptc]

I'm jealous of them because gambling is truly for them and they have it with their luck and also with applied experience. It's true, it's like a dream job of others.

You don't have to work from 9am to 5pm but we all know how huge the risk is.

You shouldn't be jealous of anyone who's winning big on gambling because unless that person takes serious therapies, he will sooner or later bust away his winnings again because the hook with gambling is very strong and never under estimate this addiction. It's seriously very dangerous and yeah, it will make you homeless from billionaire and you won't even notice.

It's not the actual jealousy that you have in your mind. I've said that I'm jealous because I'm not the same as them. But I'm happy for their fortune that they've experienced with gambling.

About being homeless from billionaire, well that's their problem if they are not good in handling money.

[Ziskinberg]

About being homeless from billionaire, well that's their problem if they are not good in handling money.

There's no sense  to make a living when you are already a billionaire, unless you keep winning but if not and you are uncertain with the outcome, then its likely just putting yourself into the big hole of getting addicted.

When you have a lot of money, you have a lot to lose, therefore you are at a high risk.
To be homeless because of gambling is a big shame, learn to be contented in life and consider gambling only as an entertainment with moderation.

[michellee]

Agree with you, a good gambler must know when it is time to gamble and when it is time to stop gambling. Just manage your money for gambling and never cross your limit when you feel you are in trouble just stop gambling for some time then again you can gamble later when you become mentally relax as lose gives stress even if it’s miner lose.

The important thing is they know when to stop gambling because they can gamble anytime they want, but mostly, gamblers forget to know when they need to stop gambling. If you're going to use gambling as a profession, you need many things to prepared or otherwise, you will lose your money, and that will waste time to lose the money many times.

People who want to use gambling as a profession will fail in the long term because if they cannot learn many things about the game, and they cannot control themselves, which will only wait for the time to lose the money.

[deisik]

About being homeless from billionaire, well that's their problem if they are not good in handling money

As they call it, from shithouse to penthouse and back again

Personally, I can think of only one kind of a real-life scenario when a billionaire would turn into a homeless person (purely hypothetical cases aside). This may happen when the billionaire in question was either born into wealth and not properly raised ("born with a silver spoon in his mouth"), or was given all that wealth by some strange twist of luck (think lottery or even gambling itself here)

So if that billionaire made himself into a billionaire "from ground up" (think Bill Gates here, though he comes from a very well-to-do family), it is highly unlikely that he will turn into a gambling addict and then move to live under the bridge because this sweet "spot" in his mind is already taken up by something else (most certainly, by that something which made him into a billionaire in the first place)

[peter0425]

I'm jealous of them because gambling is truly for them and they have it with their luck and also with applied experience. It's true, it's like a dream job of others.

You don't have to work from 9am to 5pm but we all know how huge the risk is.

don't worry buddy because the topic stands not only for gamblers but also to those people who works in Gambling businesses or even the owner of gambling itself.because they also got fortune in gambling as a profession .

but like yu?yeah sometimes i have got to think of being jealous why i am not awarded with gamblers luck and skills to get easy money lol 

[Best Dreams]

I'm jealous of them because gambling is truly for them and they have it with their luck and also with applied experience. It's true, it's like a dream job of others.

You don't have to work from 9am to 5pm but we all know how huge the risk is.

don't worry buddy because the topic stands not only for gamblers but also to those people who works in Gambling businesses or even the owner of gambling itself.because they also got fortune in gambling as a profession .

but like yu?yeah sometimes i have got to think of being jealous why i am not awarded with gamblers luck and skills to get easy money lol 

Gambling is all for those who know how to play it and how to get benefit from gambling. There are so many gamblers who are earning only with gambling and they have become so professional as the example we have... to become professional in gambling just need a sharp mind and good luck. If you are lucky and you have gambling skills trust me then you don’t need any other way to get money but if you are not lucky then it’s risky to rely only on gambling.

[supercanada1]

I'm jealous of them because gambling is truly for them and they have it with their luck and also with applied experience. It's true, it's like a dream job of others.

You don't have to work from 9am to 5pm but we all know how huge the risk is.

don't worry buddy because the topic stands not only for gamblers but also to those people who works in Gambling businesses or even the owner of gambling itself.because they also got fortune in gambling as a profession .

but like yu?yeah sometimes i have got to think of being jealous why i am not awarded with gamblers luck and skills to get easy money lol 

Gambling, from no angle, can be declared or called a profession. It is just a game, a source of entertainment, an activity that kills spare time very well and a hangout(for some people). Those who gamble are players but those who own such gambling place are businessman. They became owner of gambling business. If it was a profession in any way, you would have learnt the skills long ago.

[finaleshot2016]

I'm jealous of them because gambling is truly for them and they have it with their luck and also with applied experience. It's true, it's like a dream job of others.

You don't have to work from 9am to 5pm but we all know how huge the risk is.

don't worry buddy because the topic stands not only for gamblers but also to those people who works in Gambling businesses or even the owner of gambling itself.because they also got fortune in gambling as a profession .

but like yu?yeah sometimes i have got to think of being jealous why i am not awarded with gamblers luck and skills to get easy money lol  

Gambling is all for those who know how to play it and how to get benefit from gambling. There are so many gamblers who are earning only with gambling and they have become so professional as the example we have... to become professional in gambling just need a sharp mind and good luck. If you are lucky and you have gambling skills trust me then you don’t need any other way to get money but if you are not lucky then it’s risky to rely only on gambling.

If you're earning money on gambling, it doesn't mean you're a professional gambler. Most likely, being a professional means you're applying it to something like there's an application of gambling. Maybe in terms of playing in a tournament and already proved you've risk a lot with other gamblers. If the definition of being a professional gambler is by earning money, then we can say all of us are professional even we're winning with luck.

So therefore, being a professional means you're gaining a massive experience playing with other pros or hard level gambling games.

[maydna]

Gambling, from no angle, can be declared or called a profession. It is just a game, a source of entertainment, an activity that kills spare time very well and a hangout(for some people). Those who gamble are players but those who own such gambling place are businessman. They became owner of gambling business. If it was a profession in any way, you would have learnt the skills long ago.

But that was so difficult for ordinary people to learn to gamble until he can use gambling as a profession because that will need a long time to learn every lesson of gambling. Perhaps, people would only use gambling as an entertainment and never think about that so he can enjoy the games while he also has a chance to make money if he gets lucky. It is better to become an owner of the gambling place than to use gambling as a profession, but that will need big money to start.

[LogitechMouse]

I'm jealous of them because gambling is truly for them and they have it with their luck and also with applied experience. It's true, it's like a dream job of others.

You don't have to work from 9am to 5pm but we all know how huge the risk is.

Nothing to be jealous of with them. If they are destined to be rich with the help of gambling then so be it. If they are born with luck always on their side then its ok. Yes it is like a dream job but the risks of it is worse than working as an employee especially on the mental side.

Even those professional gamblers experienced losses and it is a very disappointed thing for them. Don't be jealous to them and don't do what they are doing because for sure, you aren't ready for the consequences you may face if you do it too for sure.

[Finestream]

If they are born with luck always on their side then its ok. Yes it is like a dream job but the risks of it is worse than working as an employee especially on the mental side.

There are people who are lucky but those who gamble regularly and become successful in gambling, are not just lucky because you can't have your luck all the time, its more on they are born with the skills or talent and that help them to be successful in gambling making themselves profitable.

[deisik]

Even those professional gamblers experienced losses and it is a very disappointed thing for them. Don't be jealous to them and don't do what they are doing because for sure, you aren't ready for the consequences you may face if you do it too for sure

I don't think it is as disappointing a thing for them as we think it is

Basically, we are projecting onto them our own feelings, i.e. how we ourselves would react if we encountered a loss (feeling embarrassed and frustrated). But if it were so, there wouldn't be "professional gamblers" (if there are any in the first place) as the impact of losses would quickly made them insane (not that I'm saying they are sane, but still)

The closest analogy in terms of losses and their impact is trading. If you know what you are doing, you can discard losses so that they don't affect you much. In other words, you already anticipate them and thus are psychologically prepared for them. In a way, you have already seen them with your mind's eye, and they don't put you down

[Natalim]

The closest analogy in terms of losses and their impact is trading. If you know what you are doing, you can discard losses so that they don't affect you much. In other words, you already anticipate them and thus are psychologically prepared for them. In a way, you have already seen them with your mind's eye, and they don't put you down

That's basically what professional are doing on why they survive as a gambler, for them, they do it for long term and they understand that along the way there are ups and down and they are well prepared to that as like what you said, they anticipated it already.
We should have this quality, otherwise we will never be a professional gambler.

Think like them if we like them to follow their journey but never expect that making money in gambling is easy because it's not true.

[alisonwonder]

The closest analogy in terms of losses and their impact is trading. If you know what you are doing, you can discard losses so that they don't affect you much. In other words, you already anticipate them and thus are psychologically prepared for them. In a way, you have already seen them with your mind's eye, and they don't put you down

That's basically what professional are doing on why they survive as a gambler, for them, they do it for long term and they understand that along the way there are ups and down and they are well prepared to that as like what you said, they anticipated it already.
We should have this quality, otherwise we will never be a professional gambler.

Think like them if we like them to follow their journey but never expect that making money in gambling is easy because it's not true.

not only gambling, even trading is almost the same, there are always ups and downs. I once lived from gambling but it only lasted 1 year, because the results were really bad, maybe if I could get the jackpot, I could last longer to live from gambling. but fortunately, I finally stay away and looking for another better job.

[onrise]

Surely luck matters in gambling as I know to become a good gambler you must have good luck that can make you win but to become a professional gambler only luck cannot make you win but you must have skills and you must have plenty of knowledge to win with the tricks and also you should have experience and guts to face risk of gambling.

Even the professional gamblers are losing some money. Its just a matter on when they will stop (self control).

Professional gamblers (if there are) know when to stop and when to play. If they know that they aren't lucky at that time then they will stop and call it a day. Even the most skilled and the most experienced gamblers doesn't win all the time. For me, it will be a matter of if you are lucky or not

Agree with you, a good gambler must know when it is time to gamble and when it is time to stop gambling. Just manage your money for gambling and never cross your limit when you feel you are in trouble just stop gambling for some time then again you can gamble later when you become mentally relax as lose gives stress even if it’s miner lose.

People who has self discipline will be able to control their emotions and not become too greedy and lose out money. They will know when to play and when to pause and take a break. This people actually make money for them self and rest lose out the money to gambling owners.

[stadus]

People who has self discipline will be able to control their emotions and not become too greedy and lose out money. They will know when to play and when to pause and take a break. This people actually make money for them self and rest lose out the money to gambling owners.

Not because you have a discipline in gambling you will win, it does not go that way, discipline is a must but what is needed to win is to have the skills in a game that you choose, whether it's poker or sports betting, you need to be consistently winning in order for you to be profitable, otherwise, you will win some or lose some and you are no different to typical gamblers like us.

[deisik]

The closest analogy in terms of losses and their impact is trading. If you know what you are doing, you can discard losses so that they don't affect you much. In other words, you already anticipate them and thus are psychologically prepared for them. In a way, you have already seen them with your mind's eye, and they don't put you down

That's basically what professional are doing on why they survive as a gambler, for them, they do it for long term and they understand that along the way there are ups and down and they are well prepared to that as like what you said, they anticipated it already.
We should have this quality, otherwise we will never be a professional gambler.

Think like them if we like them to follow their journey but never expect that making money in gambling is easy because it's not true.

not only gambling, even trading is almost the same, there are always ups and downs. I once lived from gambling but it only lasted 1 year, because the results were really bad, maybe if I could get the jackpot, I could last longer to live from gambling. but fortunately, I finally stay away and looking for another better job

In fact, I was primarily thinking about trading when I wrote that post

As this is where this approach makes perfect sense as the outcomes of your "bets" both depend on luck, to a certain degree (let's be honest here), and on your trading skills as well as understanding of the market, to the remaining degree. So you should be able to cope with losses or do something else if you can't. However, if we are talking about purely random games involving the house edge (think dice here), we can talk about "professional gamblers" only with an ironic undertone (or as a handy euphemism for gambling addicts)