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

[KTChampions]

If we are talking specifically about gambling and not about gambling where there is an element of skill, then the picture is exactly the opposite. It is quite easy to win at a distance of 10 bets, at a distance of 100 bets it is more difficult, at a distance of 1000+ bets it is almost unrealistic. The larger the number of bets, the closer to theoretical results (and the casino always wins on them).

Bet will always be depends on the person decision for me. It is gambler who is responsible for his winnings. We all know that gambling has always a 50/50 chance of winnings. And people oftenly always believe that it will always depends on strategy but definitely itis because of the persons greed and how to control emotions. Gambling is one of the best thing that happens in this days. And gamnling is considered as one of the good investment today, because it can give you a quite good earnings and also because of the good coins that pumping today. I can see some opporunity in gambling as well as others.

This is a very wrong statement, and you can hear it often not only from beginners but also from professionals. If we are talking about a perfect coin, then there is only a 50/50 result, but the chances of winning are 49.5 for you and 50.5 for the casino (depending on the house edge). I think that you will agree that if you reason correctly, then we get completely different logical assumptions regarding gambling 

[Ziskinberg]

In my life I have only met two people who live their lives by gambling. One of them bets on tennis, and the other plays poker. But it's not that simple. In addition, the person who makes money from poker lives a fairly simple life. Despite the fact that he has enough money. But he uses it only for poker and only takes a small part of that money to live on.

People who can earn money from poker will not show that he is a pro poker player instead just act as an ordinary person like other people. That is what the pro poker player can do, so they do not make other people curious about what they did to make money. It does not need to show off to other people what we did to them because that is not important. We can still do what we usually do without making them curious.

Very true, they are already risking their money in gambling and therefore they would not risk their lives against people with bad intention. This is gambling, when you are winning just keep silent so people will not notice you, and if you make easy money, you should consistently do that.

Not only in poker but mostly in sports betting, there are "so called experts" telling you to subscribe to their channel for premium picks because they are winning and they want to share, but in reality they are just scamming as real winners are always silent.

[TedMosby]

I've been seeing people who are sharing their predictions about sports and if they monetize on it, they're likely to be paid with membership fees or with commissions from the people who are taking their analysis.

But they could also be an agent by a bigger agency that hires analysts to do the job.

it's a tipster job, not a gambling analyst.
however, the more I read, the more it makes me confused.
not sure if tipster and gambling analyst are the same jobs or not.

some say gambling/betting analyst is a job for the gambling companies.
because they analyze users, platforms, data, fraud attempts, performance, and more.

meanwhile, the tipster's job is giving advice regarding outcomes of a bet for the users of those gambling companies.

[Maslate]

I've been seeing people who are sharing their predictions about sports and if they monetize on it, they're likely to be paid with membership fees or with commissions from the people who are taking their analysis.

But they could also be an agent by a bigger agency that hires analysts to do the job.

it's a tipster job, not a gambling analyst.
however, the more I read, the more it makes me confused.
not sure if tipster and gambling analyst are the same jobs or not.

some say gambling/betting analyst is a job for the gambling companies.
because they analyze users, platforms, data, fraud attempts, performance, and more.

meanwhile, the tipster's job is giving advice regarding outcomes of a bet for the users of those gambling companies.

Tipster gives what team to bet and the odds you'll take, but they can't give that without analyzing the game first, whether it's  company or just one person, it's all the same. here's the real scenario, the tipster analyze games to come up with a pick they will give as a tip, and you as the receiver should not just follow blindly, you also have to analyze on your own before putting that bet.

[Fredomago]

Tipster gives what team to bet and the odds you'll take, but they can't give that without analyzing the game first, whether it's  company or just one person, it's all the same. here's the real scenario, the tipster analyze games to come up with a pick they will give as a tip, and you as the receiver should not just follow blindly, you also have to analyze on your own before putting that bet.

Never to relied everything with tipsters, you need to have good understanding with certain games that you'll going to bet and place your money, it's your obligation to analyze also to avoid losing huge amount of money.

Tipsters gives you insight of possibile outcome but it's not always accurate, there are still chances that even they've already analyze behind their knowledge gambling outcome can go against your expectations.

It's far better to have your own understanding to compare both analysis and follow what you've think have
a better influenced to the possible turn out.

[Xinarae*]

There are some people in gambling who survive gambling because they are doing not choose gambling as a profession there's no trouble here. Gambling may be a game that hangs between profit and loss gambling is essentially a group of cash or objects that are set as a gift the 2 parties then reach an agreement on a interest determine the speed of victory. The losing party pays the opposite party the prescribed amount or object each side need to take risks to win or lose this game in gambling, the winning party sometimes gets the prize at an equivalent time and sometimes it's too late to urge it therefore, before depending on gambling you've got to research the gambling site carefully and play carefully.

[nitrobetting]

Certainly, I believe so they are professional gamblers out there. I reckon some of these gamblers even make % of their income from sponsorships.

Remember that gambling is a game of chance. However, there are times when skill can put you on top and that's when knowledge of the sports' teams comes in to the picture.

Statistics can give you a slight edge. The fact of having different forms of gambling widens the opportunities even more.

[Twinkledoe]

Certainly, I believe so they are professional gamblers out there. I reckon some of these gamblers even make % of their income from sponsorships.

Remember that gambling is a game of chance. However, there are times when skill can put you on top and that's when knowledge of the sports' teams comes in to the picture.

Statistics can give you a slight edge. The fact of having different forms of gambling widens the opportunities even more.

Sportsbetting is one of the gambling areas that knowledge plays a great role in winning. In this category, a lot are living out of gambling. But for luck-based games, I don't think so. But wondering if these gamblers are also securing their future, are they also setting aside some of their money to their retirement funds or they are using it to gamble also? 

[Vaskiy]

Certainly, I believe so they are professional gamblers out there. I reckon some of these gamblers even make % of their income from sponsorships.

Remember that gambling is a game of chance. However, there are times when skill can put you on top and that's when knowledge of the sports' teams comes in to the picture.

Statistics can give you a slight edge. The fact of having different forms of gambling widens the opportunities even more.

Sportsbetting is one of the gambling areas that knowledge plays a great role in winning. In this category, a lot are living out of gambling. But for luck-based games, I don't think so. But wondering if these gamblers are also securing their future, are they also setting aside some of their money to their retirement funds or they are using it to gamble also? 

Most of the Gamblers who spend for a bigger money has got good financial backing. This gives them the free mind to gamble, and these people do it as like doing a hobby. If won it adds to his earning, if not this won't affect his living style. I used to watch the YouTube video of a guy, "What they do for a living". Till date haven't seen anyone saying I'm a Pro Gambler, expecting someone to say it.

[l3pox]

regarding tipster and gambling analysts

it's hard to trust someone who has no skin in the game (totally recomment Taleb's book, even though he thinks 50k btc is the top  )

now, never heard about gambling analysts before... is there a clear difference?

[Hamphser]

Of course there are people who do lives out into their gambling activity and making it as a source of income.

It might be sounding impossible but its attainable and there are indeed people who do really been doing this but doesnt mean that this one will really fit out everyone.
It all talks about skills and knowledge and of course some luck.We are talking about card and sports betting games which this thing
is really possible to attain.

[l3pox]

<...>

so, this is the thing, most of the times these people who live out of gambling will rely on some kind of skill game to be able to make a living, like poker, let' say
and not simply trust that pure luck games like the lottery will be enough for them to make a living...

[blockman]

regarding tipster and gambling analysts

it's hard to trust someone who has no skin in the game (totally recomment Taleb's book, even though he thinks 50k btc is the top  )

now, never heard about gambling analysts before... is there a clear difference?

That could be the same as the tipsters but they are more into the analysis of the game not just for sports betting. It can also be applied in other games like poker. Or maybe it's just really the same as the tipsters.
The title has just been made into it to make the name better.

[l3pox]

regarding tipster and gambling analysts
<...>

That could be the same as the tipsters but they are more into the analysis of the game not just for sports betting. It can also be applied in other games like poker. Or maybe it's just really the same as the tipsters.
The title has just been made into it to make the name better.

I see, thanks for this information.

makes sense, maybe tipster may sound a bit negative for some? 

these are more related to people that work on the television or media, right?

[cryptobet24]

As far as I know, only about 1% of the players are profitable when playing at the betting sites, all the rest lose money and remain at a loss.

[KTChampions]

regarding tipster and gambling analysts

it's hard to trust someone who has no skin in the game (totally recomment Taleb's book, even though he thinks 50k btc is the top  )

now, never heard about gambling analysts before... is there a clear difference?

Paradoxically, the market for "advisors" is quite large, especially in the sports betting environment. I don't know for what reason, but people are ready to pay money for the advice of unknown persons instead of competently analyzing the teams' chances and making a bet themselves. Perhaps this has something to do with the effective advertising that allows people to mislead about the competence of the advisor.

[l3pox]

As far as I know, only about 1% of the players are profitable when playing at the betting sites, all the rest lose money and remain at a loss.

similar to day traders, there are researches that shows that day traders often lose money and some keep gambling trading even after many losing years, out of addiction to it.

<...>

now, never heard about gambling analysts before... is there a clear difference?

Paradoxically, the market for "advisors" is quite large, especially in the sports betting environment. I don't know for what reason, but people are ready to pay money for the advice of unknown persons instead of competently analyzing the teams' chances and making a bet themselves. Perhaps this has something to do with the effective advertising that allows people to mislead about the competence of the advisor.

it's curious, I have the feeling that most people would opt to delegate their decisions to others, or follow authority, instead of being responsible for their own decisions.
but I may be wrong, of course.

[Finestream]

As far as I know, only about 1% of the players are profitable when playing at the betting sites, all the rest lose money and remain at a loss.

That's a very small percentage, it means casinos are filthy reach because of that percentage.
I'm not sure with the percentage, no one can tell actually, even the casinos themselves but one thing is sure, most of us are losing money in a casino.

These people who tried to make gambling as their profession are more like experience gamblers who think they can win in the long run.
It's very opposite of what typical gamblers think as they usually think of short term profit, that's why they loss most of the time.

[l3pox]

As far as I know, only about 1% of the players are profitable when playing at the betting sites, all the rest lose money and remain at a loss.

That's a very small percentage, it means casinos are filthy reach because of that percentage.
I'm not sure with the percentage, no one can tell actually, even the casinos themselves but one thing is sure, most of us are losing money in a casino.

These people who tried to make gambling as their profession are more like experience gamblers who think they can win in the long run.
It's very opposite of what typical gamblers think as they usually think of short term profit, that's why they loss most of the time.

just adding to your comments:
the thing with casinos is that they'll make money anyway, the house always wins, even when profitable gambles are playing games that depends more on skill than on pure luck, casinos won't be the ones losing a lot on the long run.

[Viscore]

As far as I know, only about 1% of the players are profitable when playing at the betting sites, all the rest lose money and remain at a loss.

That's a very small percentage, it means casinos are filthy reach because of that percentage.
I'm not sure with the percentage, no one can tell actually, even the casinos themselves but one thing is sure, most of us are losing money in a casino.

These people who tried to make gambling as their profession are more like experience gamblers who think they can win in the long run.
It's very opposite of what typical gamblers think as they usually think of short term profit, that's why they loss most of the time.

just adding to your comments:
the thing with casinos is that they'll make money anyway, the house always wins, even when profitable gambles are playing games that depends more on skill than on pure luck, casinos won't be the ones losing a lot on the long run.

Exactly, because looking at the percentage, even if their winning rate is 60% over the overall gamblers, they are still making money, the higher the winning rate the more they'll make money, and in sports betting, there's always a commission they'll make on a winning bet, it's not necessary that they are the ones taking the bet but just a facilitator for gamblers.