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Author Topic: Has anyone been able to make steady income with gambling ?  (Read 1257 times)
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November 22, 2023, 09:39:28 AM
 #21

No way you can do that as a casual gambler, maybe if you are a professional one then it's possible and I don't think that there is any professional gambler lurking in the forum. Maybe casino owners, they are considered a career of the gambling industry so I guess they count too but there is not a lot of people in here that would even share about that as they are most likely to keep to themselves. If you are looking for a steady income, I do not think that it is best interest that you take gambling as your path because a lot of people are losing money in gambling and I do not think that you want to be a part of that, go for the safer one like an office job or go to a trade school.



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November 22, 2023, 09:45:44 AM
 #22

Once you realize that gambling can make money, unfortunately, luck plays a significant role in every win. What makes it challenging for gambling to be a daily income source is that we can't control our luck every day in gambling. Bad days can come unexpectedly, making it quite reasonable to consider gambling as an unreliable source of consistent income.

If you're thinking about the gambling industry, you could work as a promoter or an employee in a casino. So far, these two roles continue to thrive with the money circulating in the bets of users.
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November 22, 2023, 10:01:18 AM
 #23

Has anyone been able to make steady income with gambling ? If yes, what had been your strategy ? Do you diversify to multiple games in order to ensure that end result is always profit ?

I personally feel that there are very less chances of making a steady income with gambling. In fact, if you win a big amount in gambling, from there on , you should play games with less on stake and keep the winnings invested in some good option like crypto. It is important to have self control to end profitably with gambling ventures online. Do you agree with this ?
I think I already answered this kind of question here in forum before, So about this one this is my opinion only and I think it's quite difficult to say that gambling can generate you a stable income because we have a different experience in gambling, and it's not always a win-win situation when it comes to it. It should not be treated as a reliable source of supplementary income, let's say it can give you a profit sometimes but not always. Also it is possible that you will be in debt if you're not responsible enough on you spending so why would you consider this as an income?
 



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November 22, 2023, 10:13:13 AM
 #24

Has anyone been able to make steady income with gambling ? If yes, what had been your strategy ? Do you diversify to multiple games in order to ensure that end result is always profit ?

I personally feel that there are very less chances of making a steady income with gambling. In fact, if you win a big amount in gambling, from there on , you should play games with less on stake and keep the winnings invested in some good option like crypto. It is important to have self control to end profitably with gambling ventures online. Do you agree with this ?
I think I already answered this kind of question here in forum before, So about this one this is my opinion only and I think it's quite difficult to say that gambling can generate you a stable income because we have a different experience in gambling, and it's not always a win-win situation when it comes to it. It should not be treated as a reliable source of supplementary income, let's say it can give you a profit sometimes but not always. Also it is possible that you will be in debt if you're not responsible enough on you spending so why would you consider this as an income?
 
There's no way on telling since there's no one would be claiming that they are making a living with gambling yet we know that most of those people are really that losers. It is really just that
they've decided to keep silent or doesnt say a thing. For those people who do make some boast about on making money with gambling or making a living then better not to listen or easily
believe because we know that gambling isnt something sustainable or something that could really be that on long term. You would really be making yourself that a loser in the end of the line.
Just imagine you are paying up for the entertainment that you are really that getting. Getting income? Its never been an income source or job on which that you
should really be focusing into because it doesnt really fit out on this way.

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November 22, 2023, 10:23:41 AM
 #25

you should play games with less on stake and keep the winnings invested in some good option like crypto. It is important to have self control to end profitably with gambling ventures online. Do you agree with this ?

I know of gamblers whose aim is to build capital from winning their bet and use it to invest in some businesses and probably buy some coins but unfortunately they have not been able to get this done. There is no guarantee to use gambling as a means of survival or to raise capital for investment. Unfortunately enough those who even got the winning and controlled themselves not to lavish the money but using it to open up some road side business have eventually collapsed because they also went back to gambling and finally using business money for gambling. In gambling you have to be serious with not tempering with money not meant for gambling and to make a gambling budget otherwise you would realize you have been ruined.

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November 22, 2023, 10:27:53 AM
 #26

Has anyone been able to make steady income with gambling ? If yes, what had been your strategy ? Do you diversify to multiple games in order to ensure that end result is always profit ?

I personally feel that there are very less chances of making a steady income with gambling. In fact, if you win a big amount in gambling, from there on , you should play games with less on stake and keep the winnings invested in some good option like crypto. It is important to have self control to end profitably with gambling ventures online. Do you agree with this ?

I'm not making any steady income through gambling because in the long run, I end up losing money. Unless I have a budget for gambling and can go all-in for 1.01 odds. Gambling is luck based, as I always mention here in BitcoinTalk and the odds typically favor the casino. While we may win in the short term sometimes it's important to be cautious as relying on gambling for income comes with significant risks.

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November 22, 2023, 10:30:00 AM
 #27

I think it is impossible to make steady income with gambling by solely playing. You're correct. Gambling relies on chance and there's no guaranteed way to consistently make a steady income solely through playing games of chance. Most people experience a mix of wins and losses and it makes an unreliable source of income. So we should view it more as a form of entertainment rather than a reliable financial strategy. Maybe if tou become an owner or gambling facility it will make a steady income but not a player tho

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November 22, 2023, 10:47:53 AM
 #28

There's no way you can make money in gambling unless you are in sports betting with a broad knowledge about the sports that you will choose.
When it comes to casino games, there's no chance to win against the house.
Poker is also a good choice if you are good at it. You can definitely make money through it by playing live poker against other players.
Unless you are a part of the gambling site and working for them, we cannot win against them. Luck is our only option to win and when it does happen we must learn to take out the profits or else they will just get it back no matter how long it will be.
Just recently I won x1000 in Plinko and now x800 of that profit is gone just like that. Anywhere you go, even if you switch games, they will just get it back no matter what happens.

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November 22, 2023, 11:07:21 AM
 #29

People do win at gambling, which is both a game of skill and chance. Steady income? It does happen sometimes, but not most of the time. Diversifying across games? Both risky and smart. The key? Learning about chances and how to be self-disciplined. Your plan to switch from high-stakes to low-stakes play after a big win shows that you know how to handle risk well. But putting money into crypto as a "safe" alternative? Given how volatile crypto is, thats already a risk.

Adhering to your idea of self-control is very important; its what keeps gamblers alive. But the idea that gaming can give you a "steady income" often hides the harsh truth that it cant be predicted. People who play successfully are few and far between, and their stories are often overshadowed by those of people who lose. The real question is: Can someone get through this high-stakes situation with skill, plan, and a firm grip on reality? For a few people, yes. For most people, its a dangerous road that should only be taken with care.

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November 22, 2023, 11:12:18 AM
 #30

Gambling's definitely a gamble (no pun intended).  The odds are always in favor of the house and the house usually wins.  Sure, you can make some cash gambling, no one denies it, but it ain't exactly a "reliable source of income".  

And I feel what others are saying on trying not to repeat stuff thats been talked to death on here already.  Sometimes an old topic deserves a new perspective, but OP, just maybe do a quick search next time before posting to see if the ground's already been covered.

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November 22, 2023, 11:25:10 AM
 #31

~
By steady do you mean enough to become a source of living? I highly doubt that. It's as you pointed out already, there's a low chance of a person being able to sustain himself through gambling and in most cases of this actually happening, their lives started off well in the first place with a large amount of money to play with early on. At that point really any choice you make could still let you live off since, well, you were originally rich after all. Even professional gamblers afaik don't rely on gambling itself as their main source of income. They're probably there mainly for the competition really.

And it's called a gamble in the first place. Pretty opposite of what steady means really.

R


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November 22, 2023, 11:39:59 AM
 #32

At first, you should know that gambling is for fun, and as such, it is advised that one should gamble responsibly, not put all their hope in gambling, and also not gamble with what they can afford to lose because no one can predict their game outcome. Yes, strategies can be implored when it comes to games played, but not all the time they work as well as you might envisage them to. Although there are people who win, not all the time. Most times it is in their favor based on the odds, and most times they lose it all. So therefore, banking on a steady win while gambling is not a feasible plan, if you should think of it as a financial backup plan for yourself.

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November 22, 2023, 11:40:43 AM
 #33



I personally feel that there are very less chances of making a steady income with gambling.
You can say that again!

Multiple times this topic has been discussed a good percentage of contributors made it clearly that it's a No for an answer, there's no way anybody, absolutely anybody can make a steady in with gambling.

Be it in sports betting where the assumption is that with a good knowledge of the particular sport and team/league you are betting on, your chances of regular wins against the house are high  great yet no gambler has acquired that regular enablement with winnings it's rather random and irregular winning times.

Never a brilliant idea to take gambling as a source of income, if you must then it should be a part-time thing among other multiple sources of income you have. There's no guarantee in profit making with gambling.

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November 22, 2023, 12:23:29 PM
 #34

Has anyone been able to make steady income with gambling ? If yes, what had been your strategy ? Do you diversify to multiple games in order to ensure that end result is always profit ?
You can win occasionally but making a steady income is just impossible whatever strategy you employ, even if you diversify I tried it many times and I still get the same results nothing changes even if you use Martingale or change games frequently.

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I personally feel that there are very less chances of making a steady income with gambling. In fact, if you win a big amount in gambling, from there on , you should play games with less on stake and keep the winnings invested in some good option like crypto. It is important to have self control to end profitably with gambling ventures online. Do you agree with this ?
Gamblers should find this out early on their betting, it's hard to find out this fact late when you spent a lot of money, gamblers should learn from the experience of other gamblers and they should listen to gamblers who have been there and experienced, it's hard when you want to experience it yourself because it involves losing a lot of money and getting frustrated so many times.

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November 22, 2023, 01:10:32 PM
 #35

If steady income is what you are looking for in gambling you should not be gambling at all, steady income only exists in businesses or skills based works, find something else to look for or risk losing all your money in a matter of days.

There is no way you will enjoy gambling if you are doing it to make steady income, because you will surley lose more money in the process, the best way to enjoy gambling is to risk only what you can afford to lose, and place bet on games you will love watching of playing.

I don't win every time I gamble but my focus isn't on me wining too, I do this only when I miss a certain game, like the Slots games, I like them because they are fun and also more interested in their playing method and sound tracks, I win when I don't see it coming.

If am not mistaken then when they say steady income that means that you are on a payroll and every end of every month their will be money coming in for a job done. And that is what gambling can not give. Because is not as if you are working for the company but you are using their services to make more for our self. So their is a big difference between gambling and seen it has a source of income.

It is better to take reality into consideration that is getting a job and earning money because if anyone want to rely on gambling then that individual should be ready for hunger because everyday is not Christmas so if you game does not come then you won't eat. It clear we don't even need to tell us that gambling is fun but relying on it for money always is not the best idea to be given, like I said it is not always you will win.

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November 22, 2023, 01:20:21 PM
 #36

Gambling is meant for fun, not to make steady income.

That's what they say, and it's genuinely good advice. But what if you possess the skills to be a winner? Wouldn't you seize the opportunity to generate a consistent income through gambling? I believe it's worth exploring this topic rather than just offering advice on how to have fun and stay disciplined to avoid addiction in gambling.

When it comes to the question of "how to make a steady income," only those who believe it's feasible to earn money through gambling can share their opinions.

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November 22, 2023, 01:20:53 PM
 #37

Has anyone been able to make steady income with gambling ? If yes, what had been your strategy ? Do you diversify to multiple games in order to ensure that end result is always profit ?
As far as I remember and as far as I know, the world of gambling is synonymous with winning and losing, so it's a little strange that gambling can be said to be a steady income for its visitors, That's why I've read about stories of gambling addicts from ancient times until now, and never found them saying that gambling could be a basis for their income.

In my opinion there is no strategy that can be given to your question, remember that winning and losing gambling has become part of the life of everyone who comes to offline or online casinos.

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November 22, 2023, 01:26:13 PM
 #38

Don't fool yourself thinking you can make an income from gambling. The chances are stacked against you.
Maybe you'll get lucky, but it's not going to last.

See there's this thing called house edge on gambling games. It ranges from sub 1% on blackjack all the way to the high teens on certain games. House edge simply means that the game is literally rigged against the player, although to a small degree. This is necessary to make games sustainable. Otherwise casinos would earn nothing and perhaps even go bankrupt hosting them.

So consider gambling and all luck-based games as a way to have fun and pass time. Nothing more.

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November 22, 2023, 01:41:39 PM
 #39

Gambling is meant for fun, not to make steady income.

That's what they say, and it's genuinely good advice. But what if you possess the skills to be a winner? Wouldn't you seize the opportunity to generate a consistent income through gambling? I believe it's worth exploring this topic rather than just offering advice on how to have fun and stay disciplined to avoid addiction in gambling.

When it comes to the question of "how to make a steady income," only those who believe it's feasible to earn money through gambling can share their opinions.

Skill only guarantees the victory in games like chess (and even professional chess players can have a bad day). It also affects, but not 100%, in games like poker and blackjack.

For the rest, I don't think that skill makes any different. Maybe in sports bettings, to some extent (not much). But in gambling in general (dice, crash, slots...) victory is based on pure luck.

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November 22, 2023, 01:59:11 PM
 #40

Quote from: Natsuu
I think it is impossible to make steady income with gambling by solely playing. You're correct. Gambling relies on chance and there's no guaranteed way to consistently make a steady income solely through playing games of chance. Most people experience a mix of wins and losses and it makes an unreliable source of income. So we should view it more as a form of entertainment rather than a reliable financial strategy. Maybe if tou become an owner or gambling facility it will make a steady income but not a player tho
Gambling is different from other business you can call yourself a professional man or woman because, in gambling you can win big today and take you five months before you will win again and before you will win again maybe you have spend the money you have won before in some bet. That is why is very difficult to maintain a steady profits in gambling because , if you are use to sports betting, it will be very difficult to maintain a steady profits and if you are not careful you can end up be addicted to gambling and it will take you some years before you can pull yourself out from such attitude.

Those taking gambling as a way of making big money to invest in BTC or other investment, it will be hard for such group of people to gain such access to financial freedom,than to lead them to loss many properties in the community.

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