Never Expect Consistent Winnings From Gambling - A Lesson I Learnt.

[Silberman]

Well I think it is very much possible to live a very comfortable and stable life from gambling  and I've seen and I know personally  someone who lives atkeast a comfortable  life totally  off gambling  and some little business raised from gambling proceeds. He had a daughter  nf a wife and lives in his own house and not rent and he also drives a car and also owns over two unisex saloons and all these were proceeds from gambling and what really matters is how well we live our lives when we make big wins.
I'm sorry your friend got carried away but the truth is that he never made judicious  use of his winnings and that was why he went back to trenches and not necessarily  because he was a gambler.

I have no doubts there are indeed some gamblers out there which can indeed make a living out of gambling, but how many of those that try actually reach their goal? While the lifestyle may seem attractive to some, very few have what is needed to achieve this goal, and this is because most people are used to work a 9 to 5 kind of job in which they know in advance how much money they are going to be paid, but a professional gambler has no idea at all of how much and when they will earn any money, adding a great deal of uncertainty to their lives.

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[Weawant]

He is not wise for him to think that gambling can be used to replace his job. He is also a greedy person, that is why he forgot that he can't keep on winning all the time there must be an unlucky day in gambling,which is higher that your lucky day.

He didn't think about his future when he left his job for just gambling. People that survive just on gambling are very lucky and very few. Others are just losers and you can see them on the street living a miserable life after the leave their job.

Job are steady money giving opportunity so you should never leave that for gambling. I wouldn't try quiting my job for gambling even with my winning rate been very high. Gambling is just luck and you can't be lucky everyday.

We have people surviving solely on gambling wins to take care of themselves but you have to see how miserable they're when they're not winning. That's not a life to live as you should be able to take care of yourself at all times.

[shogun47]

He is not wise for him to think that gambling can be used to replace his job. He is also a greedy person, that is why he forgot that he can't keep on winning all the time there must be an unlucky day in gambling,which is higher that your lucky day.

He didn't think about his future when he left his job for just gambling. People that survive just on gambling are very lucky and very few. Others are just losers and you can see them on the street living a miserable life after the leave their job.

Job are steady money giving opportunity so you should never leave that for gambling. I wouldn't try quiting my job for gambling even with my winning rate been very high. Gambling is just luck and you can't be lucky everyday.

We have people surviving solely on gambling wins to take care of themselves but you have to see how miserable they're when they're not winning. That's not a life to live as you should be able to take care of yourself at all times.

I am not sure whether you see the losers on the street or not, but I am quite sure that the small number of winners are the only ones talking about their activities. That is a big problem anyway, also when people here on the forum share "strategies" and "proof" that their bets work out more often than those of others. You usually won't find people who post or share their losses they are generating from their gambling addiction on a daily basis. Now I get the point that sharing a big jackpot does even logically make more sense, but would they share it if it wasn't for the luck they had actually? If it was business at usual, why share it at all then.

[tusandii]

I have no doubts there are indeed some gamblers out there which can indeed make a living out of gambling, but how many of those that try actually reach their goal? While the lifestyle may seem attractive to some, very few have what is needed to achieve this goal, and this is because most people are used to work a 9 to 5 kind of job in which they know in advance how much money they are going to be paid, but a professional gambler has no idea at all of how much and when they will earn any money, adding a great deal of uncertainty to their lives.

Actually making a living from gambling is not the right move because in gambling there is no certainty that gamblers can get wins more often so they can collect profits consistently.
In the gambling industry the only ones who can turn a profit as a source of income are the casino owners and the team that operates the casino.
I'm not sure gamblers can make a living from gambling, there are many gamblers that I know and they always experience economic difficulties if they really prioritize gambling as a place to work or make a living.
It's better to have a steady job and make gambling a place of fun so if you're lucky there will be a win that will generate some profits.
Professional gamblers, they don't think of making a living from gambling because they only use gambling to make it a place of entertainment and test their luck.

[danherbias07]

I have no doubts there are indeed some gamblers out there which can indeed make a living out of gambling, but how many of those that try actually reach their goal? While the lifestyle may seem attractive to some, very few have what is needed to achieve this goal, and this is because most people are used to work a 9 to 5 kind of job in which they know in advance how much money they are going to be paid, but a professional gambler has no idea at all of how much and when they will earn any money, adding a great deal of uncertainty to their lives.

Actually making a living from gambling is not the right move because in gambling there is no certainty that gamblers can get wins more often so they can collect profits consistently.
In the gambling industry the only ones who can turn a profit as a source of income are the casino owners and the team that operates the casino.
I'm not sure gamblers can make a living from gambling, there are many gamblers that I know and they always experience economic difficulties if they really prioritize gambling as a place to work or make a living.
It's better to have a steady job and make gambling a place of fun so if you're lucky there will be a win that will generate some profits.
Professional gamblers, they don't think of making a living from gambling because they only use gambling to make it a place of entertainment and test their luck.

No certainty, this is true. The same with trading, you cannot just rely on the profits it gives because there will be bad times and especially when you are supposed to pay something like bills and other stuff while you earn nothing.
I don't recommend it to any of my friends this kind of habit, it's not healthy because you are risking money in exchange for making more, while just having a job is offering your skills in exchange for a weekly/monthly wage.
What's the purpose of all the shit we go through in school if we cannot even use it to make money without risking our own? I mean, are we just going to use all the knowledge we have learned just for our hobby which is gambling? I don't think that is right.

[Cryptock]

~
Harry Kakavas

Total amount gambled: $1.43 billion
Incurred losses: $20.5 million

this guy was someone very skilled in gambling, according to the article he played for 16 months and managed to win $1.43 billion, but he lost 20 million, compared to the profit he had losing 20 million was not something to worry about, this is also a very interesting fact and rare case, unlike most people who leave casinos with high losses he left the casino with high profit, luckily for him, but people shouldn't copy this guy, hardly anyone can achieve that success nowadays, winning at the casino is a very difficult task, not to say impossible
~

Am I the only one who thinks this is some wild nonsense? What losses are we talking about if the dude won 1.43 fucking billion dollars? Probably I have not seen more crooked statistics and erroneous accounting of money. It seems that someone had the task of writing only about losses, so he wrote down even obvious successful cases there under any pretext.

I always look up to the lucky people who makes so much money - God knows how people become rich overnight
I wish I become one of those - because I always loose money - never in my life I have been successful

[Silberman]

I always look up to the lucky people who makes so much money - God knows how people become rich overnight
I wish I become one of those - because I always loose money - never in my life I have been successful

I do not think there is a single person around the world which would not like to become rich overnight without having to work for it, but as you realize this only happens due to dumb luck, and since we cannot depend on our luck, because if we did then we will probably have to wait for the rest of our lives and obtain disappointing results, then we have no other option but to work hard towards our financial goals so one day we can finally realize them and live the life we wish for ourselves.

[Alisha-k]

~snip~

The guy you told us about was too naive and arrogant, which is why his gambling experience was so bitter. The winnings clouded his mind and he showed you his true face. Do not do business with him, for such people cannot be loyal for long. If you want to help him, advise him to see a specialist and quit gambling for a while.  

you used for long??

They can't even be loyal at all, the only go meek when there's something the want to get from you, and 1ce that's achieved, they stab you without minding.

Such persons are not worth mingling with, and the always have this "I am right feeling" they're the once with the mindset that money can buy life.

[Silberman]

The guy you told us about was too naive and arrogant, which is why his gambling experience was so bitter. The winnings clouded his mind and he showed you his true face. Do not do business with him, for such people cannot be loyal for long. If you want to help him, advise him to see a specialist and quit gambling for a while.  

you used for long??

They can't even be loyal at all, the only go meek when there's something the want to get from you, and 1ce that's achieved, they stab you without minding.

Such persons are not worth mingling with, and the always have this "I am right feeling" they're the once with the mindset that money can buy life.

I agree, money does not really change people it just reveals who they were to begin with, the supposed friend of the OP went crazy after winning an amount of money that did not even justify that kind of behavior, and yet it happened, so while they may try to help him out of charity as to not let a former friend to fall so low, at the same time any kind of close relationship should be avoided at all costs as he has shown already the kind of person he is.

[Doan9269]

I have no doubts there are indeed some gamblers out there which can indeed make a living out of gambling, but how many of those that try actually reach their goal?

It all depends on the gambler involved in this kind of situation, making gambling as a source of income isn't bad at all as long as the gambler can always sought a means out for himself everytime, he has to be engage in doing multiple things at a time to enable him have two or more means through which he generate income from in gambling, such could be in placing bet, running a campaign for a gambling platform, one can also be their developer or apply as a casino operators and many more and get paid than relying only on betting to meet up to standard of living.

While the lifestyle may seem attractive to some, very few have what is needed to achieve this goal, and this is because most people are used to work a 9 to 5 kind of job in which they know in advance how much money they are going to be paid, but a professional gambler has no idea at all of how much and when they will earn any money, adding a great deal of uncertainty to their lives.

It's not every gambler that can have interest in this kind of situation, gambling is not a fix or guaranteed means of earning money, one can rather be loosing more than earnings from it if he so depends on the bets he made, but as being said earlier, additional means through gambling will make things work out more, one can get money which other job couldn't offer.

[slapper]

I have no doubts there are indeed some gamblers out there which can indeed make a living out of gambling, but how many of those that try actually reach their goal? While the lifestyle may seem attractive to some, very few have what is needed to achieve this goal, and this is because most people are used to work a 9 to 5 kind of job in which they know in advance how much money they are going to be paid, but a professional gambler has no idea at all of how much and when they will earn any money, adding a great deal of uncertainty to their lives.

Actually making a living from gambling is not the right move because in gambling there is no certainty that gamblers can get wins more often so they can collect profits consistently.
In the gambling industry the only ones who can turn a profit as a source of income are the casino owners and the team that operates the casino.
I'm not sure gamblers can make a living from gambling, there are many gamblers that I know and they always experience economic difficulties if they really prioritize gambling as a place to work or make a living.
It's better to have a steady job and make gambling a place of fun so if you're lucky there will be a win that will generate some profits.
Professional gamblers, they don't think of making a living from gambling because they only use gambling to make it a place of entertainment and test their luck.

No certainty, this is true. The same with trading, you cannot just rely on the profits it gives because there will be bad times and especially when you are supposed to pay something like bills and other stuff while you earn nothing.
I don't recommend it to any of my friends this kind of habit, it's not healthy because you are risking money in exchange for making more, while just having a job is offering your skills in exchange for a weekly/monthly wage.
What's the purpose of all the shit we go through in school if we cannot even use it to make money without risking our own? I mean, are we just going to use all the knowledge we have learned just for our hobby which is gambling? I don't think that is right.

What are your thoughts? As hard as a rock. Absolutely agree with you. They claim there's always a tidier house at the end of the day. However, it's possible that people attach varying levels of importance to gambling, just as they do to other activities

Consider the game of poker. Some would argue that it is more of a skill game than a game of chance. Pro athletes? They don't just throw a coin; rather, they study the game and develop techniques and decision-making skills. Perhaps the real problem isn't with gambling per such, but with the erroneous belief that it will make one rich

If you flipped a coin, would you invest the same way? Do we dare call it a gamble? There is no guarantee of success there, but we also don't discourage others from trying. A guiding principle? Acquiring game knowledge, calculating risks, and exercising restraint. When individuals start viewing gambling as a way to get rich quick instead of a hobby with inherent dangers, then we have a problem, right?

[_act_]

It all depends on the gambler involved in this kind of situation, making gambling as a source of income isn't bad at all as long as the gambler can always sought a means out for himself everytime

For people not to make gambling as a source of income is like a means of telling people how risky gambling is. I do tell people that they should not rely on gambling at all, that they should even be very careful about it. Not only gambling, but also trading. These two things are very risky, they can turn a rich person to a poor person in just few hours to days. People need to be careful.

Someone can decide to take just 5% of his weekly income to gamble weekly, that is not be. I do advice people not to use more than 5% of their weekly income to gamble weekly. But that do not stop me from saying that people should not make gambling as a source of income because I always think it is good for people to know that, which is actually the truth. Gambling should just be for fun and nothing else.

[Cryptock]

It all depends on the gambler involved in this kind of situation, making gambling as a source of income isn't bad at all as long as the gambler can always sought a means out for himself everytime

For people not to make gambling as a source of income is like a means of telling people how risky gambling is. I do tell people that they should not rely on gambling at all, that they should even be very careful about it. Not only gambling, but also trading. These two things are very risky, they can turn a rich person to a poor person in just few hours to days. People need to be careful.

Someone can decide to take just 5% of his weekly income to gamble weekly, that is not be. I do advice people not to use more than 5% of their weekly income to gamble weekly. But that do not stop me from saying that people should not make gambling as a source of income because I always think it is good for people to know that, which is actually the truth. Gambling should just be for fun and nothing else.

sometime one is lucky to have received money unexpectedly
and sometime people work so hard and with honesty that they do not get the funds from any resource.
so luck is so important - which is very obviously!

[BitcoinAccepted]

I don't really know what exactly players expect from a gambling site when they start gambling. Often they win with a certain strategy in the beginning, you have then made a certain expectation pattern for yourself, so that it seems that you are really good at gambling. However, that moment when you lose once will come naturally. and then it's only a matter of time before you realize that it's pure luck. But some go for their luck and try not to think about losing. You can do it that way, of course.

[Sandra_hakeem]

Why would any rational gambler expect that from a casino that makes daily sevices and expenses on their own? I mean, gambling isn't some -"Cake sharing ceremony" - i personally believe LUCK has a big role to play on every game that's played - Both on the players and the gamblers end too. The players might really train good, with a formidable game pattern and that alone would determine atleast - 75% of the game...but on the gamblers end, everything remains a great uncertainty.
There's gonna be a whole time you won't even win on the easiest games, talk more of premier league games - that's actually where the consistency   makes it a different ballgame.

Sandra 🧑‍🦰

[QueenVera]

I agree with you but I think your friend was just a very big fool and there isn't no need pitying for him and reading this from another view, there are people who live a very nice and comfortable live off gambling and it all depends  on what you u tend doing with the proceeds from the winnings.
There was a friend I had who got a major winning from a casino and he went straight to buying of a car which he uses for Uber and today his already living a comfortable  life simply because if his choices and not just gambkjngbabd yes gambling will always be referenced for the credits and success of the player but at the end what makes him is his choices..

[seleme]

I agree with you but I think your friend was just a very big fool and there isn't no need pitying for him and reading this from another view, there are people who live a very nice and comfortable live off gambling and it all depends  on what you u tend doing with the proceeds from the winnings.
There was a friend I had who got a major winning from a casino and he went straight to buying of a car which he uses for Uber and today his already living a comfortable  life simply because if his choices and not just gambkjngbabd yes gambling will always be referenced for the credits and success of the player but at the end what makes him is his choices..

Incredible story but hope it will not end like your friend sells the car to gamble so he can recover losses since making 10 deposits per day at casinos.
This is how usually gambling addiction starts and the addicted gambler has no limits since he had already bought a nice car with gambling profits. Losing profit back shouldn't hurt as much as losing life savings, IMHO. This is the wrong mindset on gambling in theory but in reality, this is how gambling profits end tbh.

[LUCKMCFLY]

Gambling is not a business, and neither should you ever take it as a day job, in reference to this thread - it is likely impossible to make a consistent winning from gambling, there are day you win, even much more than $100, and there are days you will lose it all, to make a consistent $100 or more every day in gambling is a mirage, wishful thinking that might never happen.

Gambling is a form of entertainment and should only be seen as that. It is neither a primary source of income nor a side hustle. It is purely based on luck and chance events. Anyone who looks up to gambling as a source of income is eda a beginner or someone looking for something who will certainly get disappointed in the end. Lastly the moment you feel that you cannot control your gambling or talk to someone about it I'm sick for help.

If we saw the game as a service under which you should not abuse and that you only seek fun and that the fact of being able to "win money" with a touch of luck is something optional,I think that many addiction problems would cease and not never come back, because it's like paying for a cable service, internet, tv, whatever, it's something that gives you money to receive "something" and that's called fun, if we all had that level of maturity in the game, many people in the world who are addicted would not have that Problem and everything would be Different, neither would their Families suffer.

[Poker Player]

Let's begin with a story (more like a parable) which I think is familiar to some of us...

...

Now, To the main discussion...

...

Feel free to chip in your contribution.

It would have been more believable if you had said that everything you were going to write was a parable, and not just the first part.

1st day, he won $670+
2nd day, he won $702+
3rd day, he won $692+
This are the ones I know and saw the slip myself...

...
He started spending anyhow, sleeping in different hotels with different women - before this, he already quit his job, he bought himself an iPhone and also bought an iPhone for one hoe that was following him up and down as a girlfriend - he left our neighborhood and moved to a better place and a bigger apartment, he become arrogant and left some of his friends in times of want behind, he did all he did probably with a mindset that the winnings will keep coming, some even spread some rumor that the guy meet a witch doctor who prepared a luck charm for him, which is what gave him the confidence of quiting his job - to me, this remains a rumor, since there is no way to verify if this is true of false.

Long story short, 2 months after the whole winning spree, this guy lost everything back to casinos where he gambled on...

Here it is not entirely clear from the way you put it whether the supposed friend (whom you call simply a friend in the other thread) won only for 3 days or for two months. From the way you express it it seems that you don't know it, but that it would be something in between, that he had a winning streak of up to a month or a month and a half.

3 days alone can't be because it doesn't give him enough to spend all the money you claim to spend or for, ahem,

sleeping in different hotels with different women...

Then there is something else to consider. The way you describe it, he is not a millionaire who has a big bankroll in the casino of, say, $50K and is making bets of 1% or less managing his bankroll. As you describe it he is a working man who making $700 a day for a while changes his life. So we can assume with high certainty that the money he went to the casino with on the first day is easily a few hundred dollars and at most a couple of thousand.

In other words, no one who knows how a casino works can believe that story. Which makes me think that most of the people who have commented in the thread have done it simply to meet the posting quota in the gambling section and/or have no fucking idea how a casino works.

Every time you bet in a casino, the odds are against you, and in the imagined story we can only have three scenarios.

The first is that the protagonist is betting with little risk, as in roulette on red or black. The other is that he is betting with high risk, which gives him a potentially high return on his bet, as when betting on a single number. And the third is a mixed scenario.

With the first scenario he is not going to get rich and there is not much to explain. As much as he can have winning streaks of flips a couple of days or three, winning streaks cannot be prolonged for much longer and it's not going to change his life for a couple of months. As for the risky scenario, if you play roulette on a single number, the odds of winning streaks after 2 or 3 days are much lower.

So this possibility is BS as well. And the mixed possibility is BS because the two scenarios on which it is based are BS.

[cabron]

^
Damn Poker Player! You really didn't ignore it. But I think the main point of the story is not about his gambling and losses but the lesson to be learned from the story to not start living like a king when you are not a king.

It's too early to live a high life when you have temporary riches. It's not like you are elon musk who has a government contract and got billions that even his grandchildren's children couldn't spend it all in their entire lives.