Making a living out of gambling.

[CryptocurencyKing]

You can do it if you do arbitrage betting or EV+ betting

What really is this arbitrage betting, I would like some more enlightenment and what are the ways of actually cheating the system aside from creating alts becuase, I don't see any. Especially the online betting platforms or sites.

Gaming could be very lucrative i know but, its got everything to do with the mindset you follow it up with. Sports is not as it used to be now, the game has become more and more competitive. Take a look at the EPL for example, you can't easily predict wins no more. Anything can take  on the other team and win. So, how can someone freely pick bets from such league and expect a win. Its such a high stake career for someone to depend on for his or her source of income.

[cabron]

Yes, it's not impossible to be rich through gambling but that doesn't mean all of us are going to be rich through gambling. The rest are going to lose in order for some to win. In order to become pro, they would have to spend thousands because normally gamblers had to lose before they start winning.

Becoming a professional gambler and then make it a source of income is not for everyone. Even those who are good at mathematics would prefer to be an Engineer instead of a gambler.

[fiulpro]

You can't make a living out of anything that does not provide financial assurance. It's already a hard task during COVID, I do believe people should not be misleaded. Gambling is a fun activity. People enjoy it but they are only able to enjoy it because they are already earning from other sources.

You can never win continually without cheating ! This is something out of the books. Let's be clear things like this does not happen. You can become rich, maybe you are lucky once and you did earn a lot. Do not take it as your job, there is really fine line between addiction and keeping it as your only.job.

Take it as a leisure activity.
Have fun.

[blockman]

Sports betting and poker where it had made quite lot of millionaires in terms of gambling as a way. It may not be for everyone to become millionaire but there will really be those gamblers that can make their lives change through earning their million to millions through their chosen gambling games. They're really familiar with it and they create a strategy and plan and not letting their emotions eat them if the plan that they've made don't follow what they have planned before gambling. There's also the lottery where some of the gamblers found their fortune. As someone who knows I cannot be like them, I gamble for my own purpose but don't think of that far as they did.

[swogerino]

You can make a living from gambling, but there is no financial assurance that you will not loose all your money first. There is no assurance either that if you make a career out of it, you will make it big, because gambling be it Sports gambling, blackjack, video poker etc requires a degree of expertise, chance, pattern recognition and luck (something some do not believe in).

Some examples of some Individuals who against all odds made a million and more out of gambling are;

(1) Benjamin Tucker “Parlay” Patz who won a $1 million out of parlays which is a type of sports bet in a few months.

(2) Billy Walters, who has made an estimated amount of $300 million out of  sports betting and gambling in his lifetime.

(3) Haralabos Voulgaris a greek Canadian who is a renowned gambler known for his exploits in the NBA sports betting and poker.

(4) Daniel Negreanu, a Canadian professional poker player who has earned over $42 million from poker.

(5) Phillip Dennis Ivey Jr., an American professional poker who has earned over $30 million from poker.

(6) Don Johnson a professional blackjack player who during a period of six months in 2011, beat Atlantic City casinos for over $15 million.

(7) Venessa Selbst, a formidable female who has made US$11.8 million in live poker tournament earnings.

Source- https://www.gamblingnews.com/blog/can-you-make-a-living-from-gambling/

In conclusion, It is not impossible to become a millionaire out of gambling, but at the same time it doesn't come easy as even after making it, it requires a level of discipline to hold on to the money you have made. To make it in gambling, you must first choose (select) the type of gambling that appeals more to you be it sports betting, poker, blackjack etc and then discipline yourself to discover a betting style or pattern that works for you. This is the first and foremost step in becoming a professional gambler and making a living out of it.

Finally I am seeing real names for the sports bet big wins.I always used to think that this is impossible but this thread finally shows real names,many other people have claimed to make a living out of gambling but without facts and I don't believe them.I knew in Poker a few of the big names who used to play in TV in Poker Stars but in sport betting I didn't know any name.

I think it takes discipline and a very strong self will to stay patient and go on with your betting and reach up to 1 million dollars in just a few months.Inspiring!

[Furious 7]

Means: to become a professional gambler as said in the article, for that is my belief that they already spent a lot of money before winning a certain number of bets and one more thing their luck that day was good, the bad thing, I don't know.

How much money should be spent to become a professional gambler, maybe an innumerable amount so that even in winning it is natural because you have spent money from start to professional.
So behind that victory, they have felt a very deep defeat, maybe in their life, the end of everything, so when the article is written, millions of dollars have been won in gambling, it is commonplace and will not be surprised, but some think that gambling is a result money quickly.

[uneng]

You can't make a living out of anything that does not provide financial assurance. It's already a hard task during COVID, I do believe people should not be misleaded. Gambling is a fun activity. People enjoy it but they are only able to enjoy it because they are already earning from other sources.

You can never win continually without cheating ! This is something out of the books. Let's be clear things like this does not happen. You can become rich, maybe you are lucky once and you did earn a lot. Do not take it as your job, there is really fine line between addiction and keeping it as your only.job.

Take it as a leisure activity.
Have fun.

Most cases of lucky gamblers who managed to win big on short run I have seen don't rely continuously on gambling to make a living out of it. They just take the profit made through gambling and start investing in different ways to earn passive income from their initial amount and keep growing it along the time. Gambling doesn't proportionate them a living, but a massive financial boost that isn't disponible for most people.
Another successful gamblers end becoming a kind of celebrities and also earn money through their popularity, especially working as the face of gambling industry.

[Fortify]

You can make a living from gambling, but there is no financial assurance that you will not loose all your money first. There is no assurance either that if you make a career out of it, you will make it big, because gambling be it Sports gambling, blackjack, video poker etc requires a degree of expertise, chance, pattern recognition and luck (something some do not believe in).

Some examples of some Individuals who against all odds made a million and more out of gambling are;

(1) Benjamin Tucker “Parlay” Patz who won a $1 million out of parlays which is a type of sports bet in a few months.
(2) Billy Walters, who has made an estimated amount of $300 million out of  sports betting and gambling in his lifetime.
(3) Haralabos Voulgaris a greek Canadian who is a renowned gambler known for his exploits in the NBA sports betting and poker.
(4) Daniel Negreanu, a Canadian professional poker player who has earned over $42 million from poker.
(5) Phillip Dennis Ivey Jr., an American professional poker who has earned over $30 million from poker.
(6) Don Johnson a professional blackjack player who during a period of six months in 2011, beat Atlantic City casinos for over $15 million.
(7) Venessa Selbst, a formidable female who has made US$11.8 million in live poker tournament earnings.

It's definitely possible to make a living out of it but like any "professional" it'll requires years of dedication and practice. Something that might be overlooked but I almost guarantee, is that each of these people have extremely good mathematics skills and in the case of blackjack - it is very likely that they were card counting to make such profits (which will eventually get you banned from every casino). While it is possible to do very well all by yourself, I also have a feeling that most of these people had a good amount of family support growing up - in terms of the time, connections or money needed to master their game. Live poker is certainly the best game to learn if you want some degree of consistency and not be banned for "cheating". It requires a quick brain for calculating odds, patience and the ability to read whether people are bluffing you.

[AmoreJaz]

You can't make a living out of anything that does not provide financial assurance. It's already a hard task during COVID, I do believe people should not be misleaded. Gambling is a fun activity. People enjoy it but they are only able to enjoy it because they are already earning from other sources.

You can never win continually without cheating ! This is something out of the books. Let's be clear things like this does not happen. You can become rich, maybe you are lucky once and you did earn a lot. Do not take it as your job, there is really fine line between addiction and keeping it as your only.job.

Take it as a leisure activity.
Have fun.

Most cases of lucky gamblers who managed to win big on short run I have seen don't rely continuously on gambling to make a living out of it. They just take the profit made through gambling and start investing in different ways to earn passive income from their initial amount and keep growing it along the time. Gambling doesn't proportionate them a living, but a massive financial boost that isn't disponible for most people.
Another successful gamblers end becoming a kind of celebrities and also earn money through their popularity, especially working as the face of gambling industry.

those are smart gamblers. they know that gambling is not forever and they need to find other options how to generate income coming from their gambling winnings. not many gamblers can do the same disposition in life. most are just following their desire to gamble and will only stop when there's no more money in the pocket. or better yet, no one is loaning them money anymore. but making a living out of gambling alone? very few gamblers can survive in this industry. mostly, they are sportsbettors. if they knew the sports by heart, the chance of winning in sportsbetting is surprisingly high. but when it comes to classic games, most of the time the chance of winning at the end is very low. unless, you know when to stop.

[mindrust]

You can do it if you do arbitrage betting or EV+ betting

What really is this arbitrage betting, I would like some more enlightenment and what are the ways of actually cheating the system aside from creating alts becuase, I don't see any. Especially the online betting platforms or sites.

Gaming could be very lucrative i know but, its got everything to do with the mindset you follow it up with. Sports is not as it used to be now, the game has become more and more competitive. Take a look at the EPL for example, you can't easily predict wins no more. Anything can take  on the other team and win. So, how can someone freely pick bets from such league and expect a win. Its such a high stake career for someone to depend on for his or her source of income.

Arbitrage betting (sure bet) is about finding the odds at different casinos and betting on all outcomes and not losing your initial wager no matter what the outcome is.

Wikipedia explains it better than I do:

Betting arbitrage ("miraclebets", "surebets", sports arbitrage) is an example of arbitrage arising on betting markets due to either bookmakers' differing opinions on event outcomes or errors. When conditions allow, by placing one bet per each outcome with different betting companies, the bettor can make a profit regardless of the outcome. Mathematically, arbitrage occurs when there are a set of odds, which represent all mutually exclusive outcomes that cover all state space possibilities (i.e. all outcomes) of an event, whose implied probabilities add up to less than 1.[1] In the bettors' slang an arbitrage is often referred to as an arb; people who take advantage of these arbitrage opportunities are called arbers.

If the casino finds out about it, they'll close your account as it is usually forbidden. Just a warning if you are excited about it.

[ReiMomo]

Possible, but will it takes years before you will achieve such a position, and gambling is the great source that all you need in a way of living.
There are too many gamblers who already do this and I have heard few of them had been successfully become a professional and think that it is good for your source of income.

I don't know how many losses will you have before you can call gambling is good for you of income way of living, instead of looking for good jobs for you.

[acener]

I don't really think that it is a good idea it is like risking your whole if you want to make a living out of gambling.
I know that every business is a risk when you are opening one but it does have a higher chance of success compare to living out of gambling,
You just need to know what is in demand on your place and isn't being sold there,
Unlike in gambling even if you know or study it enough you would still rely on luck.

[Ryker1]

^[snip]
In conclusion, It is not impossible to become a millionaire out of gambling, but at the same time it doesn't come easy as even after making it, it requires a level of discipline to hold on to the money you have made. To make it in gambling, you must first choose (select) the type of gambling that appeals more to you be it sports betting, poker, blackjack etc and then discipline yourself to discover a betting style or pattern that works for you. This is the first and foremost step in becoming a professional gambler and making a living out of it.

Well right, it is not impossible to become a millionaire in gambling but you don't know when your luck is with you. There is no consistency on it if you will win, so in short, there is no stable profit in gambling so it is impossible that this will work in making a living out of gambling. Perhaps you will hit a jackpot and become a millionaire but for sure, this will be your first and last win that hit a big amount on gambling. So for me, --this is very hard to do so and if you can find a decent job just do it than looking this gambling based on luck.

[hahay]

Indeed, making a living from gambling is still possible because I personally have done this in the past for about two years. But somehow, after I had several strategies, the strategy became a blunder. Until finally I decided to look for a full time job, but again the income earned from gambling at that time was only enough to cover my personal expenses because I was not a big gambler. So yes, this case still depends on how much we can afford to spend our budget, because if you want big profits to pay for your life within a certain period of time then you also have to have a big budget and a great strategy to win at high odds.

[stadus]

I would say, that is my ultimate dream.

There are people who make a living in gambling and that's very lucrative as there's no limit on that, the risk is high but the reward is high as well.
In any game as long as we can use our skills, there's a good chance of winning, we just have to be smart, act like professionals, and take it a long journey.

Start small, focus your mindset and everything will be possible.

[KTChampions]

Absolutely illogical conclusion from obvious data. Among the millions of players, there will always be those who will be in the black even if the game is very unprofitable. But their presence does not at all prove that anyone has the opportunity to repeat their success without luck. It is unlikely that someone reasonable will rely on luck when it comes to serious things.