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

[Wawa2013]

Maybe there are people who live from gambling, surely he is very professional and has mastered all kinds of games. People who live by gambling usually live in a gambling environment. Yes it could be in the city of Las Vegas, maybe in that city there are people who live from gambling, because the population there almost all of them already know gambling.

[Polar91]

Maybe there are people who live from gambling, surely he is very professional and has mastered all kinds of games. People who live by gambling usually live in a gambling environment. Yes it could be in the city of Las Vegas, maybe in that city there are people who live from gambling, because the population there almost all of them already know gambling.

That is because Vegas is already well known for its casinos and gambling platforms, but if the case is if there are people that could live with just playing online gambling, I bet there's probably none. Because the technology nowadays could be very strict to their system, they might not show any potential exploit of their gambling platform for the player to have something to take advantage to. To make it short, it is quite impossible for a person to live with just gambling unless that person is efficient to transform his gambling activities and make it as a vlog that could teach many people here to earn some side money.

[deisik]

It is them which kill so many aspiring martingalers as the latter obviously neglect their destructive potential. On the other hand, if you come prepared for them, you will not only be able to survive them but to actually earn something. You just need to keep them contained and make them work for you, not the other way around. Outliers are a reality of gambling, and whether they kill you or heal you (from being the prey to the casino) is up to you

But gambling is not trading. Even in trading it's hard to predict when those outliers will occur, let alone in gambling where, in my opinion, it's simply impossible. I mean, there is a simple formula to follow in order to be successful in trading, "Buy low, sell high", and yet we fail most of the time because there are too many factors to consider before calling a price either "low" or "high". But in gambling we don't even have such a formula. Or do we?

No, gambling is not trading

And that's the exact reason why outliers are a given in gambling and not in trading, simply because gambling (as in dice) is about chance and pure luck. Simply put, the comparison you make is not valid, as opposed to its conclusions (whatever those might be). Nothing but luck can prevent you from experiencing 30 reds in a row, and luck doesn't make a good friend in this field

Further, it is not so much about predicting future outliers as about patiently waiting for them. It is an outlier, after all, and thus you can be sure of two things. First, you can't possibly predict when exactly you are going to see one. However, and this is second, you can be damn sure that you will see them. Ironically, just before I read your reply yesterday, I had witnessed one such outlier that increased my entire betting capital by nearly 1%

[peter0425]

Maybe there are people who live from gambling, surely he is very professional and has mastered all kinds of games. People who live by gambling usually live in a gambling environment. Yes it could be in the city of Las Vegas, maybe in that city there are people who live from gambling, because the population there almost all of them already know gambling.

lol that is impossible to master all of the games in gambling,even professionals has only skills on their chosen games and not the entire gambling world.
and it is not only in Las Vegas instead even in asia there is someone that is living with their profit in gambling.

[ethereumhunter]

Maybe there are people who live from gambling, surely he is very professional and has mastered all kinds of games. People who live by gambling usually live in a gambling environment. Yes it could be in the city of Las Vegas, maybe in that city there are people who live from gambling, because the population there almost all of them already know gambling.

Maybe that is only a few gamblers who can live from gambling even if they live in a gambling environment. I would say that they have a lot of experience in gambling from what they're seeing and try, and maybe they learn from the other gambler skills so they can add more knowledge to improve their skills in gambling. Las Vegas could have gamblers who can live from gambling, and don't forget that Macau is a city with many gamblers who want to win the games.

[supercanada1]

Maybe there are people who live from gambling, surely he is very professional and has mastered all kinds of games. People who live by gambling usually live in a gambling environment. Yes it could be in the city of Las Vegas, maybe in that city there are people who live from gambling, because the population there almost all of them already know gambling.

lol that is impossible to master all of the games in gambling,even professionals has only skills on their chosen games and not the entire gambling world.
and it is not only in Las Vegas instead even in asia there is someone that is living with their profit in gambling.

No one could be jack of all trades and as far as mastering gambling is concerned, it is really impossible. As you stated, gambling has so many types besides it is a luck based game and there is no one born with abilities to control fate. Yes you can master in sports betting because that is a type which needs your previous knowledge and experience but this is not the case with dice games.

[youdacapt]

Professional gamblers are often seen at casinos and famous gambling spots, but I am surprised that some of them are well-known business people and government officials, so the true definition of the gambling profession is not very clear because they clearly have a better source of income. Online gamblers who depend their lives financially are also not easily visible in the real world, except for a few colleagues who are seen discussing gambling activities with me as often as possible.

[shoreno]

Professional gamblers are often seen at casinos and famous gambling spots, but I am surprised that some of them are well-known business people and government officials, so the true definition of the gambling profession is not very clear because they clearly have a better source of income.

gamblers can come on any form , whether you are normal person or influencial people , you can always play gambling but just put in on the right time.

 if they are govt. officials then profesional or profesional gamblers suites them but there are also called profesional gamblers without a govt related background but they are only better players  . 

[KnightElite]

Professional gamblers are often seen at casinos and famous gambling spots, but I am surprised that some of them are well-known business people and government officials, so the true definition of the gambling profession is not very clear because they clearly have a better source of income. Online gamblers who depend their lives financially are also not easily visible in the real world, except for a few colleagues who are seen discussing gambling activities with me as often as possible.

There is a professional gambler in my country that is also a professional trader. He is a mentor and he's keep teaching us about the psychology of a gambler and a trader. He is a poker champion after all in the south east asia. He's good in metoring people like me who want to be a profsessional trader and also gambler. He recently founded a community where I can learn more knowledge.

[matchi2011]

Maybe there are people who live from gambling, surely he is very professional and has mastered all kinds of games. People who live by gambling usually live in a gambling environment. Yes it could be in the city of Las Vegas, maybe in that city there are people who live from gambling, because the population there almost all of them already know gambling.

lol that is impossible to master all of the games in gambling,even professionals has only skills on their chosen games and not the entire gambling world.
and it is not only in Las Vegas instead even in asia there is someone that is living with their profit in gambling.

Maybe there's some but secretly enjoying the benefits out from gambling activities. Gamblers who able to earn small amount of money and be wise to be satisfied and quickly quit. It's doable as it is, determinations from any mindset that will allow gambler to take some edge from their skills.
It's tough but if there's good sets of analysis then you'll be able to work it out.

[doomloop]

Professional gamblers are often seen at casinos and famous gambling spots, but I am surprised that some of them are well-known business people and government officials, so the true definition of the gambling profession is not very clear because they clearly have a better source of income. Online gamblers who depend their lives financially are also not easily visible in the real world, except for a few colleagues who are seen discussing gambling activities with me as often as possible.

Those who are totally relying on gambling for their income do not feel like talking about it because this is something usually people take as a negative or bad habit. People take gamblers usually as lunatic or May be addicts. As far as rich people are concerned they are do gambling simply for entertainment and to kill their time. Even if they lose their money, this does not make them suffer from financial crisis.

[deisik]

Professional gamblers are often seen at casinos and famous gambling spots, but I am surprised that some of them are well-known business people and government officials, so the true definition of the gambling profession is not very clear because they clearly have a better source of income. Online gamblers who depend their lives financially are also not easily visible in the real world, except for a few colleagues who are seen discussing gambling activities with me as often as possible.

Those who are totally relying on gambling for their income do not feel like talking about it because this is something usually people take as a negative or bad habit. People take gamblers usually as lunatic or May be addicts. As far as rich people are concerned they are do gambling simply for entertainment and to kill their time. Even if they lose their money, this does not make them suffer from financial crisis

It is not only that

People who are "professionally" involved in gambling, even though this use of the term seems a bit oxymoronic to me (unless you are a casino's owner, of course), should be extremely superstitious up to a point where them telling someone about their gambling habits (or someone accidentally finding out) could be considered potentially ruinous to their luck. Whether it is really so or simply no one can be lucky all the time is open to discussion

[finaleshot2016]

Maybe there are people who live from gambling, surely he is very professional and has mastered all kinds of games. People who live by gambling usually live in a gambling environment. Yes it could be in the city of Las Vegas, maybe in that city there are people who live from gambling, because the population there almost all of them already know gambling.

Maybe that is only a few gamblers who can live from gambling even if they live in a gambling environment. I would say that they have a lot of experience in gambling from what they're seeing and try, and maybe they learn from the other gambler skills so they can add more knowledge to improve their skills in gambling. Las Vegas could have gamblers who can live from gambling, and don't forget that Macau is a city with many gamblers who want to win the games.

Professional means you've already had a good professional player too and you've managed to join tournaments. So if someone became a professional gambler, hands down to him 'cause he's already earning profit through playing.

There are many people now who live by playing gambling only, amazing but for me, I'm not satisfied with it. I think being professional is the peak and we could say this is the work, even we lose this opportunity at least we've managed to earn profit being a professional.

[Asuspawer09]

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.

We can see professional gamblers they are called they way because they are already good at gambling, probably spend a lot of time and effort in playing gambling also surely they already have tons of experience in the game. But I don't think that there is someone that is making it a way of living or a source of their income for me it is very risky and a lot of times it could just easily wipe out your money. You cannot win all the time it is all about luck so if you're going to play every day surely you will experience lost imagine if you lose all your money in one day.

[zhekinsp]

Professional gamblers are often seen at casinos and famous gambling spots, but I am surprised that some of them are well-known business people and government officials, so the true definition of the gambling profession is not very clear because they clearly have a better source of income. Online gamblers who depend their lives financially are also not easily visible in the real world, except for a few colleagues who are seen discussing gambling activities with me as often as possible.

Those who are totally relying on gambling for their income do not feel like talking about it because this is something usually people take as a negative or bad habit. People take gamblers usually as lunatic or May be addicts. As far as rich people are concerned they are do gambling simply for entertainment and to kill their time. Even if they lose their money, this does not make them suffer from financial crisis

It is not only that

People who are "professionally" involved in gambling, even though this use of the term seems a bit oxymoronic to me (unless you are a casino's owner, of course), should be extremely superstitious up to a point where them telling someone about their gambling habits (or someone accidentally finding out) could be considered potentially ruinous to their luck. Whether it is really so or simply no one can be lucky all the time is open to discussion

Rich people in a physical casino bet with high amount to show their financial status of how much they can afford for these entertainment purpose but not all the rich people will do this.But someone who goes to an online gambling site and bet with huge bets has the intention of making more money alone.Even a single hit can give them better life which also comes with risk who may be considered as professionals.

[Best Dreams]

Professional gamblers are often seen at casinos and famous gambling spots, but I am surprised that some of them are well-known business people and government officials, so the true definition of the gambling profession is not very clear because they clearly have a better source of income. Online gamblers who depend their lives financially are also not easily visible in the real world, except for a few colleagues who are seen discussing gambling activities with me as often as possible.

Those who are totally relying on gambling for their income do not feel like talking about it because this is something usually people take as a negative or bad habit. People take gamblers usually as lunatic or May be addicts. As far as rich people are concerned they are do gambling simply for entertainment and to kill their time. Even if they lose their money, this does not make them suffer from financial crisis.

This is so double face society people are so strange as the same thing can be good for rich but it is bad for poor this kind of thinking really makes me feel disheartened so we should not listen to the people who have no meaning in our life we simply should enjoy and get profit a from gambling.  So no needs to suffer just do what your hearts tells you to do even if it’s gambling.

[ethereumhunter]

Maybe there are people who live from gambling, surely he is very professional and has mastered all kinds of games. People who live by gambling usually live in a gambling environment. Yes it could be in the city of Las Vegas, maybe in that city there are people who live from gambling, because the population there almost all of them already know gambling.

Maybe that is only a few gamblers who can live from gambling even if they live in a gambling environment. I would say that they have a lot of experience in gambling from what they're seeing and try, and maybe they learn from the other gambler skills so they can add more knowledge to improve their skills in gambling. Las Vegas could have gamblers who can live from gambling, and don't forget that Macau is a city with many gamblers who want to win the games.

Professional means you've already had a good professional player too and you've managed to join tournaments. So if someone became a professional gambler, hands down to him 'cause he's already earning profit through playing.

There are many people now who live by playing gambling only, amazing but for me, I'm not satisfied with it. I think being professional is the peak and we could say this is the work, even we lose this opportunity at least we've managed to earn profit being a professional.

That could help us to make money with him because he is a professional gambler. But of course, we need to split the win money to him because he helps use to make money. If we can use his skills to win in gambling, that will be good for us, and we don't have to play in the tournament because he will replace our place to play gambling.

Being a professional gambler is not easy, and that is why we see many people who are trying to be professional gambling will not see success. They need to have skills and experience to become a professional gambler, and that person also needs control for themselves in gambling.

[deisik]

Professional gamblers are often seen at casinos and famous gambling spots, but I am surprised that some of them are well-known business people and government officials, so the true definition of the gambling profession is not very clear because they clearly have a better source of income. Online gamblers who depend their lives financially are also not easily visible in the real world, except for a few colleagues who are seen discussing gambling activities with me as often as possible.

Those who are totally relying on gambling for their income do not feel like talking about it because this is something usually people take as a negative or bad habit. People take gamblers usually as lunatic or May be addicts. As far as rich people are concerned they are do gambling simply for entertainment and to kill their time. Even if they lose their money, this does not make them suffer from financial crisis

It is not only that

People who are "professionally" involved in gambling, even though this use of the term seems a bit oxymoronic to me (unless you are a casino's owner, of course), should be extremely superstitious up to a point where them telling someone about their gambling habits (or someone accidentally finding out) could be considered potentially ruinous to their luck. Whether it is really so or simply no one can be lucky all the time is open to discussion

Rich people in a physical casino bet with high amount to show their financial status of how much they can afford for these entertainment purpose but not all the rich people will do this.But someone who goes to an online gambling site and bet with huge bets has the intention of making more money alone.Even a single hit can give them better life which also comes with risk who may be considered as professionals

But they are not professional gamblers, or are they?

I mean they are rich through something else (probably by being born into wealth), while professional refers to what you do for a living. You may do nothing as you might have inherited a fortune but that still wouldn't count as professional gambling unless we consider "professionally" wasting money as one's profession. But in that case it would feel as highly ironic. If not, it would sound oxymoronic to me

[Betwrong]

~ Ironically, just before I read your reply yesterday, I had witnessed one such outlier that increased my entire betting capital by nearly 1%

That's what is of big interest to me. Can you, please elaborate a bit more on that? I mean, after seeing your post I went to PrimeDice where I had 363 DOGE on my balance. I made a 3.63 DOGE bet with 50% win chance, lost it, and then I bet 7.26 DOGE and won, thus increasing my DOGE balance by 1%. I knew it was risky, and that's why I bet with DOGE instead of BTC. I wasn't ready to lose 300k sats from my PD balance. But all of that wasn't so interesting because I was just doing classic martingale without exploiting outliers. So, if it's not a secret, can you tell how did you increase your betting balance by 1%?

[deisik]

So, if it's not a secret, can you tell how did you increase your betting balance by 1%?

Wasn't I doing exactly this recently?

I advised you to read my martingale thread here but you seem to have already read it or so you said. Anyway, I increased my balance by hitting an outlier like 24 losing streaks. I don't see them very often but that's the exact reason I see longer streaks even less often, the implication being that it is hard to kill me, especially when I use some of the profits thus earned to actively postpone that moment