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

[Golftech]

Gambling is a good business for the house, that's why casinos have a house edge, this warrant the profit of the casino in the long game. And this means the users will lose in the long run. But there are people with lot of luck, so, those are the ones who end with profit. Isn't about be smart, in the end of the road is all about luck.

But those same people also become addicted to it after winning so much and then end up coming back to the casino to win more, but they only lose more until they have lost it all again lmao. Human greed overcomes all other emotions sadly haha xD

sad but true mate,greediness makes people fall from their own traps.

and if cant control that same emotion then theres no future awaits for gambling.

being a gambler we must have a self control and know where to stand from the table and when to sit.

Correct. gamblers who knows how to control are possible to earned out from this activities. It can be done with the right preparations and
the right games that you'll going to play. Different strategies will work if the gambler itself have a good self discipline while playing, emotions
are very important since it's the key to keep surviving and not to lose your bankroll completely.

[Viscore]

Correct. gamblers who knows how to control are possible to earned out from this activities. It can be done with the right preparations and
the right games that you'll going to play. Different strategies will work if the gambler itself have a good self discipline while playing, emotions
are very important since it's the key to keep surviving and not to lose your bankroll completely.

Control is a basic strategy or we can say that its a must for every gambler, but it doesn't mean a gambler would be profitable easily.

It will take time before he master and become consistent in gambling but this also needs skills and knowledge because their are people who are even trying hard but they can't find the right strategy to win, they are just like wasting their money for a goal that they don't even have a chance.

[finaleshot2016]

Correct. gamblers who knows how to control are possible to earned out from this activities. It can be done with the right preparations and
the right games that you'll going to play. Different strategies will work if the gambler itself have a good self discipline while playing, emotions
are very important since it's the key to keep surviving and not to lose your bankroll completely.

Control is a basic strategy or we can say that its a must for every gambler, but it doesn't mean a gambler would be profitable easily.

It will take time before he master and become consistent in gambling but this also needs skills and knowledge because their are people who are even trying hard but they can't find the right strategy to win, they are just like wasting their money for a goal that they don't even have a chance.

Maybe discipline is the best term, it's a general term than control. It's not easy to control a game, you need massive experience before you reached the peak of having thr ability to control. Discipline is the best and basic strategy we should apply. A gambler must have it especially to those beginner who wants profit by playing.

[owengtam09]

I have watched on the news before that husband and wife got addicted to the casino, then they won millions of money and buy what they want, they've got rich and the wife stops to play gambling while husband continues to play and thinking that he will make another million. But slowly he loses his money and got a lot of debt. He also thinks to sell their house but luckily he think wise about his property and think of his family, so they still have their house but already have nothing. They can start over again but maybe not already in the casino anymore.

We don't have to follow their steps to play more gambling games. It is enough to hit the jackpot once in a lifetime, and we need to stay away from gambling because, as we saw with that person, he loses his money and has a lot of debt. Imagine those things happen to us and how we can pay the debt without any money we have. If I were him, I would make sure to stop playing gambling and never think of playing gambling again because I can hit the jackpot because of luck. Besides that, he has a big greed to earn more money from gambling, and he hopes that he can hit the jackpot again, but unfortunately, the luck did not come to him.

That's the most problem of those gamblers who win and hit the jackpot price, they become greedy and want more even if they already have what they wanted. Winning or hitting the jackpot is already enough to stop playing gambling especially if what you have won is already good for your lifetime budget. Imagine, if he stops playing gambling and stays contented on what he has then for sure his winning are just with him until now and maybe have already his own casino or ant business that he wanted.

[Visbay]

Correct. gamblers who knows how to control are possible to earned out from this activities. It can be done with the right preparations and
the right games that you'll going to play. Different strategies will work if the gambler itself have a good self discipline while playing, emotions
are very important since it's the key to keep surviving and not to lose your bankroll completely.

Control is a basic strategy or we can say that its a must for every gambler, but it doesn't mean a gambler would be profitable easily.

It will take time before he master and become consistent in gambling but this also needs skills and knowledge because their are people who are even trying hard but they can't find the right strategy to win, they are just like wasting their money for a goal that they don't even have a chance.

Without skills we can not be good gamblers we will have to struggle before being a professional gambler. It’s easy now as there are so many ways to learn to gamble. Gambling gives huge profit and many people use it as a professional source of income but I would suggest every gambler keep more than one source of earning as some times even expert gamblers lose.

[sayaya17]

I think there are probably many who live from gambling and they are indeed professional gamblers who are trained. perhaps in the city of Las Vegas and Atlantic City will be found by many gamblers who are experts and professionals. And they could have lived from gambling. Maybe if you lived in Las Vegas for sure you know there was a God of gambling who was very famous for his genius in the 60s who had published a book with the theme of calculating mathematical formulas in gambling and selling very hard that year. If you are curious, you can search anyone who is the God of Gamblers in Las Vegas.

[bobyhodob]

Correct. gamblers who knows how to control are possible to earned out from this activities. It can be done with the right preparations and
the right games that you'll going to play. Different strategies will work if the gambler itself have a good self discipline while playing, emotions
are very important since it's the key to keep surviving and not to lose your bankroll completely.

Control is a basic strategy or we can say that its a must for every gambler, but it doesn't mean a gambler would be profitable easily.

It will take time before he master and become consistent in gambling but this also needs skills and knowledge because their are people who are even trying hard but they can't find the right strategy to win, they are just like wasting their money for a goal that they don't even have a chance.

Without skills we can not be good gamblers we will have to struggle before being a professional gambler. It’s easy now as there are so many ways to learn to gamble. Gambling gives huge profit and many people use it as a professional source of income but I would suggest every gambler keep more than one source of earning as some times even expert gamblers lose.

but without luck, people who have skills will never win 😂
even someone without skills can become a millionaire with just one click of luck. for me to gamble do not need skills only need to understand how to control themselves and their money

[Golftech]

Correct. gamblers who knows how to control are possible to earned out from this activities. It can be done with the right preparations and
the right games that you'll going to play. Different strategies will work if the gambler itself have a good self discipline while playing, emotions
are very important since it's the key to keep surviving and not to lose your bankroll completely.

Control is a basic strategy or we can say that its a must for every gambler, but it doesn't mean a gambler would be profitable easily.

It will take time before he master and become consistent in gambling but this also needs skills and knowledge because their are people who are even trying hard but they can't find the right strategy to win, they are just like wasting their money for a goal that they don't even have a chance.

Maybe discipline is the best term, it's a general term than control. It's not easy to control a game, you need massive experience before you reached the peak of having thr ability to control. Discipline is the best and basic strategy we should apply. A gambler must have it especially to those beginner who wants profit by playing.

Thanks for that, I guess it is much appropriate to use that term since it's fit from what I wanted to express. If you have good discipline you are able to control any emotions while playing inside the house. As long as you are capable to stop yourself either you are winning or you are already losing portions
of your bankroll. So-called professionals are good in maintaining their funds it is very important to them to make sure not to suffer with complete bankruptcy.

[Ziskinberg]

I think there are probably many who live from gambling and they are indeed professional gamblers who are trained.

Not many, there are only few. If we translate it to percentage, maybe they are just 5% or less of the entire gamblers who aim to consider gambling as a profession.

perhaps in the city of Las Vegas and Atlantic City will be found by many gamblers who are experts and professionals. And they could have lived from gambling. Maybe if you lived in Las Vegas for sure you know there was a God of gambling who was very famous for his genius in the 60s who had published a book with the theme of calculating mathematical formulas in gambling and selling very hard that year. If you are curious, you can search anyone who is the God of Gamblers in Las Vegas.

They are actually everywhere, the fact that gambling could be done through online now, they can do it in their home.
Maybe you are thinking of poker or any card games but the most popular type of gambling now is sports betting and it can be done at home.

[maydna]

~snip~

~snip~

That's the most problem of those gamblers who win and hit the jackpot price, they become greedy and want more even if they already have what they wanted. Winning or hitting the jackpot is already enough to stop playing gambling especially if what you have won is already good for your lifetime budget. Imagine, if he stops playing gambling and stays contented on what he has then for sure his winning are just with him until now and maybe have already his own casino or ant business that he wanted.

That is right. But I am sure that there is a smart person who can win or hit the jackpot, and then he can stop playing gambling and get the money to celebrate or even for saving that money. That person realizes that with that money, he can get anything he wants, and he doesn't have to come back to the gambling places for a long time.

The greediness will come to the gambler who can win or hit the jackpot or to the gambler who loses the money. Unfortunately, people will always get lured and tempted to back to the gambling game and play for some round. So gambling can not work as a profession if they cannot win or don't have luck at all.

[Best Dreams]

Correct. gamblers who knows how to control are possible to earned out from this activities. It can be done with the right preparations and
the right games that you'll going to play. Different strategies will work if the gambler itself have a good self discipline while playing, emotions
are very important since it's the key to keep surviving and not to lose your bankroll completely.

Control is a basic strategy or we can say that its a must for every gambler, but it doesn't mean a gambler would be profitable easily.

It will take time before he master and become consistent in gambling but this also needs skills and knowledge because their are people who are even trying hard but they can't find the right strategy to win, they are just like wasting their money for a goal that they don't even have a chance.

Without skills we can not be good gamblers we will have to struggle before being a professional gambler. It’s easy now as there are so many ways to learn to gamble. Gambling gives huge profit and many people use it as a professional source of income but I would suggest every gambler keep more than one source of earning as some times even expert gamblers lose.

but without luck, people who have skills will never win 😂
even someone without skills can become a millionaire with just one click of luck. for me to gamble do not need skills only need to understand how to control themselves and their money

And this is the basic skill to gamble than you become expert how to control your emotions and yourself, anyway you are right to some extent that we must have good luck for gambling as a lucky one can earn more than a skillful person but we cannot neglect the reality that for good gamblers having knowledge along with skills is really important.

[l3pox]

Correct. gamblers who knows how to control are possible to earned out from this activities. It can be done with the right preparations and
the right games that you'll going to play. Different strategies will work if the gambler itself have a good self discipline while playing, emotions
are very important since it's the key to keep surviving and not to lose your bankroll completely.

Control is a basic strategy or we can say that its a must for every gambler, but it doesn't mean a gambler would be profitable easily.

It will take time before he master and become consistent in gambling but this also needs skills and knowledge because their are people who are even trying hard but they can't find the right strategy to win, they are just like wasting their money for a goal that they don't even have a chance.

Without skills we can not be good gamblers we will have to struggle before being a professional gambler. It’s easy now as there are so many ways to learn to gamble. Gambling gives huge profit and many people use it as a professional source of income but I would suggest every gambler keep more than one source of earning as some times even expert gamblers lose.

but without luck, people who have skills will never win 😂
even someone without skills can become a millionaire with just one click of luck. for me to gamble do not need skills only need to understand how to control themselves and their money

And this is the basic skill to gamble than you become expert how to control your emotions and yourself, anyway you are right to some extent that we must have good luck for gambling as a lucky one can earn more than a skillful person but we cannot neglect the reality that for good gamblers having knowledge along with skills is really important.

this is the thing.

I believe meditation and stoicism can help.

there aren't good and bad things.
there are only things, and the way we frame them.

makes sense?

[doomloop]

Correct. gamblers who knows how to control are possible to earned out from this activities. It can be done with the right preparations and
the right games that you'll going to play. Different strategies will work if the gambler itself have a good self discipline while playing, emotions
are very important since it's the key to keep surviving and not to lose your bankroll completely.

Control is a basic strategy or we can say that its a must for every gambler, but it doesn't mean a gambler would be profitable easily.

It will take time before he master and become consistent in gambling but this also needs skills and knowledge because their are people who are even trying hard but they can't find the right strategy to win, they are just like wasting their money for a goal that they don't even have a chance.

Maybe discipline is the best term, it's a general term than control. It's not easy to control a game, you need massive experience before you reached the peak of having thr ability to control. Discipline is the best and basic strategy we should apply. A gambler must have it especially to those beginner who wants profit by playing.

Thanks for that, I guess it is much appropriate to use that term since it's fit from what I wanted to express. If you have good discipline you are able to control any emotions while playing inside the house. As long as you are capable to stop yourself either you are winning or you are already losing portions
of your bankroll. So-called professionals are good in maintaining their funds it is very important to them to make sure not to suffer with complete bankruptcy.

It is very easy to say but when you are gambling it becomes a lot harder to do in the real world. Even if a person plays this game in limits, he is highly vulnerable to becoming an addict. This would happen without him every realizing. he would Only discover it once he tries to leave this activity. But I cannot deny the fact that a gambler can save himself from ruining this way. Not here only, discipline should be maintained in every field of life.

[deisik]

That's the most problem of those gamblers who win and hit the jackpot price, they become greedy and want more even if they already have what they wanted. Winning or hitting the jackpot is already enough to stop playing gambling especially if what you have won is already good for your lifetime budget. Imagine, if he stops playing gambling and stays contented on what he has then for sure his winning are just with him until now and maybe have already his own casino or ant business that he wanted.

That is right. But I am sure that there is a smart person who can win or hit the jackpot, and then he can stop playing gambling and get the money to celebrate or even for saving that money. That person realizes that with that money, he can get anything he wants, and he doesn't have to come back to the gambling places for a long time

I think that rarely works out in real life

Why does it not? Before we proceed with this question, let's first discuss another matter required for better understanding of that question. The matter is, we often make assumptions that are virtually impossible in real life. They are possible in theory, but not in practice (like a gambling addict genuinely quitting on his own)

It is the same story here. If a person was smart enough to stop gambling after hitting big win or jackpot, he would likely never started gambling at all for being wiser than that, for knowing better. To cut a long story short, if you win, you are going to come back because you already came before and will come for more later

[Betwrong]

Maybe, he doesn't have friends, partners, or acquaintances in sufficient "amounts" whom he could trust with a few thousand dollars. If you are betting on multipliers like 1.01x or 1.02x, giving so much money to a lot of people seems to me an extremely risky venture. Someone will undoubtedly let you down sooner or later (and rather sooner than later), so it is not worth it for so small a reward. Apart from that, you would have to pay your "team" something, and that again is meaningless on these multipliers. Maybe, there's something else at play here, I dunno

I didn't think about this at first. Indeed, if you earn $100 out of $10k wagered, what can you offer to your teammate? $50? And you are right, a partner can "lose" the money for whatever reasons.

So, this only proves once again that gambling as a profession is quite a pain in the ash.

Yep, it definitely is

And some of this pain comes from casinos themselves standing between you and profits. Ironically, I don't mean the house edge here as it is in fact a minor pain for the simple reason it is fully predictable, and thus can be taken care of. It is when you try to get around it in some sophisticated way (like the one you mentioned with sports betting) that casinos start to create difficulties and put grit in the device you come up with. It can be the max bet you can place being too low so that you wouldn't earn too much in the best case scenario or the minimum bet amount too high so that you can't unleash the unbridled powers of martingale, or anything that won't let you turn the tables in your favor

That's right, but here's what I think about the limitations on the max profit per bet. Basically, casinos act in the same way smart gamblers do(or should do): they don't risk the amount they can't afford to lose. Even though they know that they have slightly more chances of winning because of the house edge, they are not taking the risk. I think, we, gamblers, should take an example from them, especially when knowing that house edge is working against us.

[deisik]

And some of this pain comes from casinos themselves standing between you and profits. Ironically, I don't mean the house edge here as it is in fact a minor pain for the simple reason it is fully predictable, and thus can be taken care of. It is when you try to get around it in some sophisticated way (like the one you mentioned with sports betting) that casinos start to create difficulties and put grit in the device you come up with. It can be the max bet you can place being too low so that you wouldn't earn too much in the best case scenario or the minimum bet amount too high so that you can't unleash the unbridled powers of martingale, or anything that won't let you turn the tables in your favor

That's right, but here's what I think about the limitations on the max profit per bet. Basically, casinos act in the same way smart gamblers do(or should do): they don't risk the amount they can't afford to lose. Even though they know that they have slightly more chances of winning because of the house edge, they are not taking the risk. I think, we, gamblers, should take an example from them, especially when knowing that house edge is working against us

Actually, that's what I am repeatedly telling folks here

If we are talking about honest casinos, i.e. those provably fair (minus the house edge, obviously), they are as susceptible to the effects of bad luck as their players. That's why the proper bankroll management is of the utmost importance to any casino which considers itself fair, especially in crypto, where one holder can easily buy a dozen such casinos and not break a sweat at that (let alone ruin them)

But if the max profit per bet or max bet amount is reasonable, and you can bet doges, it becomes pretty irrelevant as long as the minimum bet amount is at its the lowest possible value. In other words, if you have enough dough, you can run pretty safe martingale strategies. Well, until the casino all of a sudden stop being fair, raises the minimum bet amount, or simply makes bets so agonizingly slow that you lose all interest using these strategies

[Triffin]

Maybe, he doesn't have friends, partners, or acquaintances in sufficient "amounts" whom he could trust with a few thousand dollars. If you are betting on multipliers like 1.01x or 1.02x, giving so much money to a lot of people seems to me an extremely risky venture. Someone will undoubtedly let you down sooner or later (and rather sooner than later), so it is not worth it for so small a reward. Apart from that, you would have to pay your "team" something, and that again is meaningless on these multipliers. Maybe, there's something else at play here, I dunno

I didn't think about this at first. Indeed, if you earn $100 out of $10k wagered, what can you offer to your teammate? $50? And you are right, a partner can "lose" the money for whatever reasons.

So, this only proves once again that gambling as a profession is quite a pain in the ash.

Yep, it definitely is

And some of this pain comes from casinos themselves standing between you and profits. Ironically, I don't mean the house edge here as it is in fact a minor pain for the simple reason it is fully predictable, and thus can be taken care of. It is when you try to get around it in some sophisticated way (like the one you mentioned with sports betting) that casinos start to create difficulties and put grit in the device you come up with. It can be the max bet you can place being too low so that you wouldn't earn too much in the best case scenario or the minimum bet amount too high so that you can't unleash the unbridled powers of martingale, or anything that won't let you turn the tables in your favor

That's right, but here's what I think about the limitations on the max profit per bet. Basically, casinos act in the same way smart gamblers do(or should do): they don't risk the amount they can't afford to lose. Even though they know that they have slightly more chances of winning because of the house edge, they are not taking the risk. I think, we, gamblers, should take an example from them, especially when knowing that house edge is working against us.

Staying in limits is the right way to play this game. With this fact in mind that gambling is a luck based game, it is best to not challenge your luck too much. To top this off, house also holds the ability to manipulate results per its desire. So basically the number of opponents increases. Losing control over emotions is not allowed even after experiencing a winning streak. Time changes in gambling quicker than imagined.

[Bitcoinislife09]

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.

For me gambling could be a profession for sure for a lot of people but it was really risky for a lot of people maybe if you have a lot of money or already have a lot of businesses and passive incomes like apartment or restaurant, you already have a source of income that you could use in gambling and have a chance to win as your profession. But surely if your already a professional in gambling you should not reach the point where already gambling all of your money you should always limit your money to gamble.

[onrise]

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.

For me gambling could be a profession for sure for a lot of people but it was really risky for a lot of people maybe if you have a lot of money or already have a lot of businesses and passive incomes like apartment or restaurant, you already have a source of income that you could use in gambling and have a chance to win as your profession. But surely if your already a professional in gambling you should not reach the point where already gambling all of your money you should always limit your money to gamble.

If people consider it as a profession and in that scenario losses a lot then they are stuck beacuse it will have a huge mental agony beacuse they have lost their savings and it would not be easy to recover it soon as getting job becomes difficult at immediate times .

[Betwrong]

~ In other words, if you have enough dough, you can run pretty safe martingale strategies. Well, until the casino all of a sudden stop being fair, raises the minimum bet amount, or simply makes bets so agonizingly slow that you lose all interest using these strategies

From my experience, the main problem with martingale strategies is that you are either running it in a safe mode, making less than $0.2 per hour(and still risking to lose like $100 at once), or, if you want to make, say, $5 per hour, and you set your base bet accordingly, you can lose those $100 in a blink of an eye. And yeah, slow bets make the safe mode even less profitable.