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Author Topic: Can Gambling earn someone a living  (Read 871 times)
dothebeats
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March 05, 2023, 08:03:09 PM
 #21

It can earn someone a living, yes, but only if they know how to stop and when to stop.

Most gamblers that I know of who hit the jackpot lost it all in just a short span of time. Being greedy thinking you'll hit the next one, and trying to recoup what you lost in gambling is a great recipe for disaster. To be on the safer side of things, it's better to get a win and never look back—especially if the win that you just had is big. There's no other way around it except that. Only those who are financially stable and are fully in control of their gambling activities can stay in the game for a long time. To those who are not, get the win then quit.
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March 05, 2023, 08:14:24 PM
 #22

So my question now is that can someone use gambling as a means of earning living?

A classic question behind everything you tell in this thread. believe me, we have discussed here many times regarding what you are asking. but, let's discuss. what you ask, the answer will be relative depending on each person. in fact, we often hear stories of successful gamblers regardless of whether they are true or not. but at the very least, if you want to be a professional gambler, you should qualify for it. you must have broad insight, very high knowledge, also, skills. but not for all types of gambling, at least for types like poker or sports betting.

on the other hand, if what you are passionate about is casino games. it's hard, because you bet with pure luck. So what are you asking, the answer is in you.  because, for me personally. gambling is a place for us to have fun, sacrificing a little money in exchange for getting some decent entertainment.

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March 05, 2023, 08:27:31 PM
 #23

On before now gambling was seen as a dirty habit and was painted black in the society because way back the society believes any gambler have so many bad habits too like doing drugs which most gamblers was mafias not just mafias but rich people .But in this present world now gambling is seen as a business which both young (+18) and old part in which in the old times gambling was base most times about money wasn’t base on sport but now is modernize into different kind of sport that why in west Africa there are so many gambling and betting companies because is been accepted by the public now as a medium of making extra cash basically gambling to me was for men but now you can see woman parting in gambling games which everyone in that habit believes each day he/she must make more returns than he/she has spent to stake just as an entrepreneur knows that risk management of any business he/she is operating,a gambler knows that their is high risk in every stake but their believes so much in good future that good must always come by that no matter the amount a gambler loses believes his coming will earn that triple times .So my question now is that can someone use gambling as a means of earning living?

It should be obvious, but you can only win when you are able to field some sort of advantage against the gambling company. If you are trying to make a "career" out of an online casino, where they control every aspect and simple mathematics determines that they will win in the long run, then you are doomed to failure. If you are able to somehow make consistently and measurably better sports betting predictions that a bookmaker, which has been done with large scale arbitrage, then it's possible to make a profit there. Same with poker players, where you feed a rake to the house but effectively make your living from being better than the other players at the table - you can make a profitable career out of it but you need to be better than the average player you go up against.

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March 05, 2023, 08:47:05 PM
 #24

On before now gambling was seen as a dirty habit and was painted black in the society because way back the society believes any gambler have so many bad habits too like doing drugs which most gamblers was mafias not just mafias but rich people .But in this present world now gambling is seen as a business which both young (+18) and old part in which in the old times gambling was base most times about money wasn’t base on sport but now is modernize into different kind of sport that why in west Africa there are so many gambling and betting companies because is been accepted by the public now as a medium of making extra cash basically gambling to me was for men but now you can see woman parting in gambling games which everyone in that habit believes each day he/she must make more returns than he/she has spent to stake just as an entrepreneur knows that risk management of any business he/she is operating,a gambler knows that their is high risk in every stake but their believes so much in good future that good must always come by that no matter the amount a gambler loses believes his coming will earn that triple times .So my question now is that can someone use gambling as a means of earning living?

There are people out there that gamble for a living.  I wouldn't say it's a good idea to but people do it.  Because there are no guarantees it's a risky life choice since you can easily get bankrupt and end up on the streets.  For that matter if you have a family I wouldn't recommend it.  For the most part you hear about people's good stories but never hear about the losses.  Keep your day job and gamble for fun.  Much easier on your mind as well, less stress.

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March 05, 2023, 08:51:10 PM
 #25

People get lucky when gambling but no one is having a gambling career if they have been doing it 10 years they are in losses. The people that profit are people who got lucky one time and have earned a lot of money but have lost most of their bets. I refuse to call gambling a career it is more you have got lucky and continue to bet for fun there is no career in betting. I wonder how much money people lose because they fall for the celebrities who claim to have a career in poker but in real life they get sponsored to say that.

You should bet because it is fun and not make a career out of it.
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March 05, 2023, 08:52:20 PM
 #26

Two years ago my best friend had saved $5000

He earned around $9000 in a year with gambling.

Last year he lost $12000 with gambling.

Now he is in debt!

I think you know what I am saying...
In short, luck is not always there and if you rely too much in gambling you might ended up like this. For me, gambling is not ideal for a living if you don’t have enough money to cover your dally expenses, it is still ideal to have your work or business for your stable income. Don’t gamble that much and don’t expect that you can always win from this, you might lose more if you become more greedy.
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March 05, 2023, 09:00:12 PM
 #27

So my question now is that can someone use gambling as a means of earning living?
In my country, I'd say yes. I see how the gambling industry thrives here because of how they make referrals through the agent commission system.
Those agents are gonna look for real players that will deposit and sign up through them and they'll also be the way for them to withdraw if ever a gambler wants to cash out.
I've got friends on social media that do this for a living and they really are grateful to have it and at the same time, they're not just agents but also gamblers so just to answer the question, it's a yes and whether you're a gambler or not, there's a way depending on the system of the casino available in your country.

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March 05, 2023, 09:01:14 PM
 #28

There are people who have made a lot of money gambling. Or should I write that they won that money? That seems like a better description. But there are also many people who once won a big prize gambling and then stopped gambling. They are not busy day and night like many other gamblers do. If you want to gamble and still keep it in your own hands with the success factor minimal, then you should consider becoming a poker professional. No guarantee for success, but at least you have things in your own hands how they go. There are real professionals active in that.

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March 05, 2023, 09:05:55 PM
 #29

From OP topic, I know this is a duplication of topic, such topic has been created by other users and we have discussed it there.Op should make research before creating topics. But that's not withstanding, someone can live well with gambling but all depends on the luck you also have. If you are the luck to win games every day then God has butter your bread. But if the person is not an experience gambler and he is planning to make a living from gambling, my brother that is a big error or mistake he will make in his life time. Gambling is not something you play with. Gambling can crippled you to the beggers level in the society. So if you one is planning to make living from bet or gambling, the person should be careful with the odds and the virtual games. One can make a living if he plays his cards well in every game.

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March 05, 2023, 09:07:31 PM
 #30

On before now gambling was seen as a dirty habit and was painted black in the society because way back the society believes any gambler have so many bad habits too like doing drugs which most gamblers was mafias not just mafias but rich people .But in this present world now gambling is seen as a business which both young (+18) and old part in which in the old times gambling was base most times about money wasn’t base on sport but now is modernize into different kind of sport that why in west Africa there are so many gambling and betting companies because is been accepted by the public now as a medium of making extra cash basically gambling to me was for men but now you can see woman parting in gambling games which everyone in that habit believes each day he/she must make more returns than he/she has spent to stake just as an entrepreneur knows that risk management of any business he/she is operating,a gambler knows that their is high risk in every stake but their believes so much in good future that good must always come by that no matter the amount a gambler loses believes his coming will earn that triple times .So my question now is that can someone use gambling as a means of earning living?

The only way gambling can earn someone a living if they are lucky enough to hit a huge jackpot,not like the ones we see on online slots which are much smaller compared for example to the range of million of dollars jackpot we see in Vegas.If for example someone who is a regular in such casino and plays there every week a normal amount,money he can afford to lose and while doing so he gets one of those multi million dollars jackpot that is absolutely a life changing event and in this scenario we can say gambling has made him a living not only for his own benefit but for a couple of generations to come if he stops immediately after hitting the jackpot.

Nowadays though some slot providers on the online scene are increasing their max win up to x300.000 your bet I have seen so slow slow they are getting up to speed with offline slots huge jackpots.

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March 05, 2023, 09:11:45 PM
 #31

Two years ago my best friend had saved $5000

He earned around $9000 in a year with gambling.

Last year he lost $12000 with gambling.

Now he is in debt!

I think you know what I am saying...
This is an expected story from a gambler who thinks it should be possible to make passive income with gambling. Making a living with gambling funds is a very dangerous idea, and the ending will be brutal for that person like in your friend's case. Even if you are on positive side of story better to run while you can,otherwise, the house edge will take everything sooner or later. Just my 2 cents.
The house will always win in the right time so if you will not leave that site with profit, you will ended up like this. Gambling is never be a good source for your living, some gamblers losses more the moment they stay longer and even if the big players they also lose more the only difference is that, they have a lot of money to cover their expenses and that’s why they can still afford to gamble longer. If you want to gamble that much, just set-up a budget but never rely to this one.

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Merit.s
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March 05, 2023, 09:20:42 PM
 #32

Making a living from gambling means that either you are going to own a casino or you are a good sportbet predictor. Life can be very miserable for you,If you don't fall into this category and you want to depend on gambling for survival. I have seen so many gamblers that gambles from morning till night,when they win big, they will be happy but the next day they will lose all the money they won. Could remember my friends ex boyfriend has this luck of sportbet,which he wins big almost every week. He decided to take it as a job but after some few months, he couldn't continue with his winning anymore. Before we knew it he got broke and stopped gambling.
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March 05, 2023, 09:26:05 PM
 #33

~snip~
So my question now is that can someone use gambling as a means of earning living?

Gambling and living certainly makes sense for those who own such companies, because the house always wins, and those who play mostly lose, even when they sometimes win. A man who would decide to live by gambling without cheating would actually decide on a life in which his fate depends on whether the roulette will be black or red - even or odd, or how the dice will turn.

I think the saying house always win is a bit overrated, there are casinos that go bankrupt and shut down which proves that casino sometimesloses.  But I do agree that if anyone wanted gambling to earn a living then creating your own gambling casino is the best path to fulfill the idea.  Being a player is very risky since the majority of the time, players lose.

I would not say that gambling can earn someone a living, it is gambling can win someone a living if they hit jackpot prizes with huge amounts of cash as a reward.  But seriously, I do not think being a gambler is a good way of earning our living since we only win on gambling occasionally and not regularly.

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n0ne
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March 05, 2023, 09:33:39 PM
 #34

Two years ago my best friend had saved $5000

He earned around $9000 in a year with gambling.

Last year he lost $12000 with gambling.

Now he is in debt!

I think you know what I am saying...
This is an expected story from a gambler who thinks it should be possible to make passive income with gambling. Making a living with gambling funds is a very dangerous idea, and the ending will be brutal for that person like in your friend's case. Even if you are on positive side of story better to run while you can,otherwise, the house edge will take everything sooner or later. Just my 2 cents.
Most of the stories I come across have got similar results. The best part, majority of the users were in profit and later the greed for more made them losers. Whenever we've planned for gambling we should do the best analysis and set our limits. This will make us end gambling at the right time and make us prioritise as a fun platform than thinking it to be money making source.

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March 05, 2023, 09:45:13 PM
 #35

Two years ago my best friend had saved $5000

He earned around $9000 in a year with gambling.

Last year he lost $12000 with gambling.

Now he is in debt!

I think you know what I am saying...
In short, luck is not always there and if you rely too much in gambling you might ended up like this. For me, gambling is not ideal for a living if you don’t have enough money to cover your dally expenses, it is still ideal to have your work or business for your stable income. Don’t gamble that much and don’t expect that you can always win from this, you might lose more if you become more greedy.
I think this is how gambling basically work, it can lure you in with your little winning then collect massively from you. Gambling for me should just be played for fun and nothing more, I personal don't believe in all those fairy tale stories of some dude making lots of money through gambling and in so using as a meaning of living. I think if anyone has won lots of cash from gambling, he has basically lots more than the one he has won.

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Lida93
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March 05, 2023, 09:48:07 PM
 #36

I have heard of professional gamblers. Their job is to gamble and make a living while doing so. Some are very good at it and know their strength with a touch of discipline.
I once had a neighbour who lived majorly on winnings from good betting. Although not exactly gambling but football betting. He was really good at it, that he got most of the electronics and furnitures with the money he won.
It is very possible for someone to earn a living from gambling.
You can build a career life by basing your source of living solely on gambling winnings, it's a charm to think or have such believe. Your neighbor buying certain household items to filled the house is different from from him living on gambling as source of living. When responsibility hits and family needs arises and gambling isn't paying at that moments which is clearly possible to happen, what then would be the fate of such dependant on gambling a game of luck. It's like hanging your life on luck source

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March 05, 2023, 09:50:28 PM
 #37

Making a living from gambling means that either you are going to own a casino or you are a good sportbet predictor. Life can be very miserable for you,If you don't fall into this category and you want to depend on gambling for survival. I have seen so many gamblers that gambles from morning till night,when they win big, they will be happy but the next day they will lose all the money they won. Could remember my friends ex boyfriend has this luck of sportbet,which he wins big almost every week. He decided to take it as a job but after some few months, he couldn't continue with his winning anymore. Before we knew it he got broke and stopped gambling.

well, it depends on the gambler how he will handle his winnings. one thing that i see here is that if you are winning like for example in sportsbetting, make sure you invest it in other tangible assets so you still have something to back you up later on. but just like other casino games, sports betting is not always on the winning side even if you know very well the sports you are betting with, remember, upsets do happen. but there are sportsbettors who really use this gambling as their source of living.

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March 05, 2023, 09:55:58 PM
 #38

Check what kind of business online casinos are promoting themselves, they promote themselves as an entertainment platform, and everything has a price, so your chances to make money on casinos are very low they have everything in place to make sure the house wins, the longer you're playing the lesser your chances to make money.
If by chance you've won a huge amount, don't extend your luck withdraw your winnings and enjoy it, and if you lose don't chase your losses thinking that you can because you cannot, these are just two of the things that will make you a winner, don't extend your luck and don't chase your losses.

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March 05, 2023, 10:15:00 PM
 #39

[...]
So my question now is that can someone use gambling as a means of earning living?

I doubt that Gambling will become a way to earn a living, as one of the "premises" of gambling is "the house always wins".

I believe that in sports or card games the player can make some profit, as the results depend much more on his skills and knowledge than on luck.
But even so, the ganoh can be seasonal, even if you profit for several years, at some point this can stop being consistent and then it is important that players have another form of income.

As for traditional casino games (roulette, slot machines, etc.) in which winnings depend exclusively on luck, they can never be called a means of earning a living.

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March 05, 2023, 10:18:28 PM
 #40

So my question now is that can someone use gambling as a means of earning living?

The possibility is always yes.

There are gamblers who considered gambling as a serious career and now become their means of earning to support their family and living. These professional gamblers aren't literally pure gamblers but instead, they are also joining competitions, events, challenges, etc. as their skills in that particular gambling are on a professional level.

Just keep in mind that not all people have the ability to make gambling a means of earning. These were only done by those people that are really serious about considering gambling as their source of income. It also requires time, patience, and perseverance before reaching the stage where gambling can support their daily lives.

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