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

[Ucy]

I am someone who has always had the understanding that no one can live as a gambler, regardless of whether he is rich or not. Gambling cannot be used as a source of income, you can imagine how a person can live by gambling while he has to spend every day to live while he does not ensure that every time he gambles he gets money, psychologically this is something that can be accepted.

You've got a point .. basically, when someone is gambling they are taking risks for uncertain results in the hope of making a profit. So making gambling a source of livelihood is something that doesn't make sense because they have to depend on something uncertain.

But strangely there are people who take this path which in the end they will be faced with losses and after all the house always has an advantage because the odds are created to the house's benefit.

There are actually alot of people who live off on "taking risk". The important thing is to minimize risk as much as possible.
The problem with gambling (taking big risk) is that you'll most likely not make consistent income/profit doing it.
However, people can earn consistent income from betting (not gambling) if they are skilful/experienced in games/competitions they bet on.
It's hard to reconcile the words Betting and Gambling and apply them on topic like this to mean thesame thing. One involves alot of risk while the other could involve little/no/big risk. Betting is the general term.  
So, you could lessen your betting risk and be consistently profitable. It will be really hard to take hugh risk and be consistently profitable... bad things could ruin your betting career if you take big risk regularly

[1714789742]

1714789742

[1714789742]

1714789742

[Botnake]

From my understanding, you can only be a professional gambler to those games where there are bigger odds of winning, like poker and betting. I am not sure about casino's though. I have not met anyone that made their living playing games on casino's. Do you know someone who has played slot machines and made it a source of income? Maybe someone can give us good examples of casino goers who made their living gambling in these places.

I gotta frank with you, AFAIK, the bigger odds of winning does not exist in gambling, the best chance you have is 50/50 chance, that is considering that the game you are playing has no house edge, like poker maybe, and you can pursue that to be a professional gambler.

However, professional gambler does not automatically mean successful gambler, it's still determine but it's outcome.

Just simple example, if you run a business, you can either be profitable or not. ( only possibilities)

[traderethereum]

From my understanding, you can only be a professional gambler to those games where there are bigger odds of winning, like poker and betting. I am not sure about casino's though. I have not met anyone that made their living playing games on casino's. Do you know someone who has played slot machines and made it a source of income? Maybe someone can give us good examples of casino goers who made their living gambling in these places.

No, I do not think that person can earn much money from playing slot machines because gambling games are based on luck.
Maybe that person can win on some time, but he can not always win every time he played, and that will need a long time winning, especially if he does not have luck.
But if that person gambles on the sports betting or poker game and has experience and skills in that gambling games, I am sure he can win many times and earn money from that games.
It is not recommended to use gambling as a profession, but we can enjoy playing gambling games and have fun through the gambling games.

[Maslate]

Just simple example, if you run a business, you can either be profitable or not. ( only possibilities)

Very simple example but a realistic one.

Some people thought that when you are a professional gambler you are already a winner and making money for you is very easy.
That's a wrong perception, professional gamblers maybe knows how to handle their emotion and they have a good game plan but that doesn't mean they'll win easily. Those who make money in gambling consistently are those who made a living in gambling, and not every professional are making a living in gambling, only few of them does.

[blockman]

Do you know anyone who is taking gambling as a profession and yet making an household income for living ? I don't think anyone can make consistent income with gambling.
Gambling may give you a lot of money at once or you may lose all your money but getting regular income from gambling is impossible.

Those gamblers that have already a good status can do this. Those fairy tale stories of rags to riches through gambling are very rare but there are stories like that which are unbelievable.
I reckon that getting a daily profit through gambling is hard, it's not that impossible but it is inconsistent if someone does that. It can be a good day today and tomorrow up to a week but the next time, you know what's coming.

There are bad days to anyone even pro gamblers knows about that.

The difference between gamblers and pro gamblers is how they percept things around gambling activities, ordinary gamblers keeps pushing forward and try hitting their luck in anyhow, up to busting all their bankroll, while pro gamblers knows how to stop and quit for the day once they've already met their budget losing inside the house, they knew that there's always tomorrow just needed to plan more deeper to recover what they've loss.

It isn't only the professional gamblers who know how and when to stop. Me as a gambler, not a pro, I know when to stop for that day if it's no longer good to keep trying on that particular unlucky day. That's not really the measurement to say if someone is a pro or not.
Stopping and controlling relies on the mindset of the gambler, if he had a lot of experiences in gambling and not stopping will cause him harm even if he's not a pro gambler, in the future he'll know when to stop.

[Lucasgabd]

Just simple example, if you run a business, you can either be profitable or not. ( only possibilities)

Very simple example but a realistic one.

Some people thought that when you are a professional gambler you are already a winner and making money for you is very easy.
That's a wrong perception, professional gamblers maybe knows how to handle their emotion and they have a good game plan but that doesn't mean they'll win easily. Those who make money in gambling consistently are those who made a living in gambling, and not every professional are making a living in gambling, only few of them does.

there's probably a cognitive bias to name that.
this feeling one may have to think pure luck is skill.

reminds me of "fooled by randomness" book, written by Nassim Taleb.

it's even hard to put all professional gamblers on the same category, a person who plays poker may have totally different skill than a successful blackjack player, you know what I mean?

[KTChampions]

I gotta frank with you, AFAIK, the bigger odds of winning does not exist in gambling, the best chance you have is 50/50 chance, that is considering that the game you are playing has no house edge, like poker maybe, and you can pursue that to be a professional gambler.

However, professional gambler does not automatically mean successful gambler, it's still determine but it's outcome.

Just simple example, if you run a business, you can either be profitable or not. ( only possibilities)

There is no house edge in poker, but there is rake. And there is not much difference for the player, since in fact it affects the game in the same way. If two poker players play for a very long time and cannot identify winners, then gradually all their money will go to the casino.

[boat287]

some of us such as me, for over 30 years, 100% of my entire income has been from gambling. when u are autistic and unemployable because u make everyone so angry with your weird beliefs and fears with no work history since the min wage was $3.35 an hour, at age 19, and now are 51, u really have no other choice but to gamble for a living.

i dont regret it, i make about 50k a year now and used to only make about 25k when i knew less about poker than i do now, and its far better than what id earn at mc d or walmart so i dont regret it for a minute.

if u dont believe me i have a very famous blog that documents it. follow sevencard2003 on twitter which includes the link

[Lucasgabd]

interesting @boat287
would be nice to hear your story here on bitcointalk as well

which games you play? only poker?

if I was chosing one style of game only would probably be poker since it counts more on skill than only luck.

[Questat]

Nice one @boat287, thank you for sharing your experience, you are an evidence that nothing is impossible in achieving your goal as long as you are winning to risk in gambling. Your situation was not a hindrance to be successful, instead you use it on your own advantage.

I like to hear more of this kind of stories, it's very inspiring to know there are few people who actually make a living in gambling.
I'm gonna check the twitter handle your share.

[swogerino]

some of us such as me, for over 30 years, 100% of my entire income has been from gambling. when u are autistic and unemployable because u make everyone so angry with your weird beliefs and fears with no work history since the min wage was $3.35 an hour, at age 19, and now are 51, u really have no other choice but to gamble for a living.

i dont regret it, i make about 50k a year now and used to only make about 25k when i knew less about poker than i do now, and its far better than what id earn at mc d or walmart so i dont regret it for a minute.

if u dont believe me i have a very famous blog that documents it. follow sevencard2003 on twitter which includes the link

This is really interesting.You are the first normal person,normal in the sense you are not a Pokerstar guy who makes millions in Tv shows by playing poker,that you manage to make 25-50k a year by playing poker.I would also love to hear more people here share their success story if they have one.I am sure only about one thing,your level of patience must be extremely high as only having this together with the other usual skills you can win consistenly in poker.

[finaleshot2016]

some of us such as me, for over 30 years, 100% of my entire income has been from gambling. when u are autistic and unemployable because u make everyone so angry with your weird beliefs and fears with no work history since the min wage was $3.35 an hour, at age 19, and now are 51, u really have no other choice but to gamble for a living.

i dont regret it, i make about 50k a year now and used to only make about 25k when i knew less about poker than i do now, and its far better than what id earn at mc d or walmart so i dont regret it for a minute.

if u dont believe me i have a very famous blog that documents it. follow sevencard2003 on twitter which includes the link

Thanks for sharing your story. At least we know now that there are several people out there who are earning a lot in gambling. $25-50k is pretty huge money and only a few people can get and credits also to your skills on playing poker because you wouldn't get it if you're not good at it. Well, it's very inspiring for some but the average person who doesn't dedicate themselves to learning gambling shouldn't risk their whole money because it might go to waste.

[Distinctin]

some of us such as me, for over 30 years, 100% of my entire income has been from gambling. when u are autistic and unemployable because u make everyone so angry with your weird beliefs and fears with no work history since the min wage was $3.35 an hour, at age 19, and now are 51, u really have no other choice but to gamble for a living.

i dont regret it, i make about 50k a year now and used to only make about 25k when i knew less about poker than i do now, and its far better than what id earn at mc d or walmart so i dont regret it for a minute.

if u dont believe me i have a very famous blog that documents it. follow sevencard2003 on twitter which includes the link

Thanks for sharing your story. At least we know now that there are several people out there who are earning a lot in gambling. $25-50k is pretty huge money and only a few people can get and credits also to your skills on playing poker because you wouldn't get it if you're not good at it. Well, it's very inspiring for some but the average person who doesn't dedicate themselves to learning gambling shouldn't risk their whole money because it might go to waste.

You need the passion in order to be successful in gambling, and of course you need to learn how to calculate the risk so it will not be a problem for you if you will experience loses along the way. It's really a tough journey if you'll try to follow his way, that's the reason why most of us are not successful in gambling because it's simply not for us.

We either loss big time and regret or just do it for fun and loss what we can afford only.

it's always up to us.

[iTradeChips]

It is no surprise that there are people who makes a living with gambling and you sir, is a living testimony of the possibilities of the said "career". Professional gamblers have a lot of discipline with regards to the management of their money in such way that it makes them almost living their daily lives very thriftily. I myself was a professional gambler before playing poker but gambling places attracts all kinds of people especially the bad apples of society. I stopped after calling it quits due to me seeking other alternatives.

[panganib999]

It is no surprise that there are people who makes a living with gambling and you sir, is a living testimony of the possibilities of the said "career". Professional gamblers have a lot of discipline with regards to the management of their money in such way that it makes them almost living their daily lives very thriftily. I myself was a professional gambler before playing poker but gambling places attracts all kinds of people especially the bad apples of society. I stopped after calling it quits due to me seeking other alternatives.

There's some people who definitely makes gambling as one of their living. Some are who have enough knowledges and some who are studying the every ways of it. We all know that gambling is one of the best way to earn and to make profit but also the very risky way of it yet we must always study first what we are up to in order for us to avoid such big loses and have a lot of profits rather. Gamblers makes a living out of it because they believe that it is a very good way and easy in terms of making profit. And I think it will always still depends on the person who wants to earn. Hardwork and ideas.

[boyptc]

It is no surprise that there are people who makes a living with gambling and you sir, is a living testimony of the possibilities of the said "career". Professional gamblers have a lot of discipline with regards to the management of their money in such way that it makes them almost living their daily lives very thriftily. I myself was a professional gambler before playing poker but gambling places attracts all kinds of people especially the bad apples of society. I stopped after calling it quits due to me seeking other alternatives.

It's still unbelievable for some people that it can't be a career. They only see the negative on it but don't recognize those gamblers who have made well on it.

Maybe a few in hundreds and thousands but it is undeniable that there are good stories that have lived it with gambling.

[Mauser]

It is no surprise that there are people who makes a living with gambling and you sir, is a living testimony of the possibilities of the said "career". Professional gamblers have a lot of discipline with regards to the management of their money in such way that it makes them almost living their daily lives very thriftily. I myself was a professional gambler before playing poker but gambling places attracts all kinds of people especially the bad apples of society. I stopped after calling it quits due to me seeking other alternatives.

Having a great discipline and the proper mindset is probably key for long term success in the gambling world. There are other jobs where you need to deal with a lot of stress and different type of risks each day. As a full time gambler you are working with your own capital howeve and all the loses affect you. I would say gamblers are their own boss, it's like running their own business.

[Lucasgabd]

It is no surprise that there are people who makes a living with gambling and you sir, is a living testimony of the possibilities of the said "career". Professional gamblers have a lot of discipline with regards to the management of their money in such way that it makes them almost living their daily lives very thriftily. I myself was a professional gambler before playing poker but gambling places attracts all kinds of people especially the bad apples of society. I stopped after calling it quits due to me seeking other alternatives.

It's still unbelievable for some people that it can't be a career. They only see the negative on it but don't recognize those gamblers who have made well on it.

Maybe a few in hundreds and thousands but it is undeniable that there are good stories that have lived it with gambling.

the world is just like that
some people will live in denial and won't accept that there are many ways to live life and that work doesn't have to be a burden or something that makes us feel unhappy, these people will deny different ways to live and sometimes even try to combat it.

sometimes facing reality is quite hard.

[mindrust]

some of us such as me, for over 30 years, 100% of my entire income has been from gambling. when u are autistic and unemployable because u make everyone so angry with your weird beliefs and fears with no work history since the min wage was $3.35 an hour, at age 19, and now are 51, u really have no other choice but to gamble for a living.

i dont regret it, i make about 50k a year now and used to only make about 25k when i knew less about poker than i do now, and its far better than what id earn at mc d or walmart so i dont regret it for a minute.

if u dont believe me i have a very famous blog that documents it. follow sevencard2003 on twitter which includes the link

$50k/year from gambling alone? Too good to be if you ask me. I'll be honest though. I don't know much about Poker. The only way for you to make money from this is probably skills are involved more than pure luck. Otherwise it would be like saying "I make $50k/year by playing dice." which is as we know practically impossible.

[Questat]

some of us such as me, for over 30 years, 100% of my entire income has been from gambling. when u are autistic and unemployable because u make everyone so angry with your weird beliefs and fears with no work history since the min wage was $3.35 an hour, at age 19, and now are 51, u really have no other choice but to gamble for a living.

i dont regret it, i make about 50k a year now and used to only make about 25k when i knew less about poker than i do now, and its far better than what id earn at mc d or walmart so i dont regret it for a minute.

if u dont believe me i have a very famous blog that documents it. follow sevencard2003 on twitter which includes the link

$50k/year from gambling alone? Too good to be if you ask me. I'll be honest though. I don't know much about Poker. The only way for you to make money from this is probably skills are involved more than pure luck. Otherwise it would be like saying "I make $50k/year by playing dice." which is as we know practically impossible.

He is gambling for 30 years, probably he had already learned a lot to develop his skills, in terms of winning like what he is is $50k a year, I doubt it's too good to be true with skills. This is poker, it's based on skills in winning so I believe it's possible for a gambler to win that amount, whether he is telling the truth or not.