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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, 02:28:10 PM
 #41

It seems you have answered your question yourself and for myself and several other people here will also say the same thing, you can never use gambling as a daily income or to earn income.

there has previously been a thread that is almost the same and it is clear that even though gambling is done on skill based games, it will still be difficult to earn an income because you need skills that you really master to be able to get consistent profits, which is very difficult.

unless you are a gambler who is trying to build a gambling business, it will definitely be very profitable or in other words become a bookie.

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November 22, 2023, 02:39:03 PM
 #42

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 ?
If you already have that feeling that there's less chance of making a steady income in gambling, what's the point of this thread then? I guess for the sake of confirmation of your bias probably but I think if you use your common sense or logic, you would probably already formed some sort of conclusion that gambling is obviously supoosed to make the players lose more money more than winning them because the house don't want that to happen because they bank on the fact that there's more losers than winners in their casinos. With all the things that you've said about gambling in moderation and other obviously right thing to do when you are gambling, I don't think disagreeing would be the logical thing to do.
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November 22, 2023, 02:41:50 PM
 #43

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 ?
No gamblers make steady income with gambling and we all know the fact that it is unstable nad has no guarantee of a winning streak. Gambling depends on your luck and that how gamblers fate is relying on. To become successful in gambling you should be very lucky. 😁



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November 22, 2023, 02:41:56 PM
 #44

Many of us cannot earn a steady income by gambling. That is a reality that we must accept so that we can start reducing our gambling activities and switch to other things that can provide opportunities to make money. We cannot depend on gambling to make money because gambling is just entertainment. If you continue to insist on gambling for the reason of wanting to make money, you will likely feel disappointed, especially if you end up losing most or even all of the money. You should work somewhere else that can actually make money, so you don't have to lose money. If you are successful, you will only use gambling as entertainment and enjoy gambling as it should be.

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November 22, 2023, 02:51:01 PM
 #45

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.

Of course I'm referring my opinion to skilled based gambling. Knowing that we don't have a chance on other games where it's purely based on luck, there's no reason for discussion here, so I think we should recommend OP to play skilled based gambling, master it and maybe one day he'll be able to consistent make money in gambling.

The question is quite in general form, which is "Has anyone been able to make steady income with gambling ? ",,. Poker, chess, and sports betting, these are games that we could gamble, so it's part of gambling, and if we believe it's possible to have a steady income, the answer to OP's question is yes.

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November 22, 2023, 02:55:34 PM
 #46

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 ?

In fact, there's no chance at all, you can win sometimes but never all the time, steady income from gambling does not exist, those who think this way are misguided newbies, and those who tried the martingale method you think that by doubling their bets every time they lose they can never lose a session.

Little did they know even if you have a big bankroll, you can still lose some losing streak goes as far as 25 or more, martingale is very obsolete, even on sports betting even if you're really good at analysis and you're getting good tips inside you can still lose, take the case of Drake who loses millions on sports betting.
You have to grasp the reality of gambling or you will go astray and lose a lot of money.

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November 22, 2023, 03:21:47 PM
 #47

I can tell you with all possibility that no one can boost of using gambling to earn a steady and a regular income. I know that people makes fortune out of gambling but it doesn't comes all time maybe after gambling for like months or years you can make few winning but putting it to have a regular income from gambling is something that is not possible maybe yes or no, our lost is always much and if continue to look in loses we might not have that passion to continue gambling that is why a real gambler always believed that one day they most break the even records.


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November 22, 2023, 03:34:07 PM
 #48

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 ?
LOL. Even if you are a professional gambler, there is no way to get a steady income there, unless you are a casino owner you can get a steady income.

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 ?  
You asked how to get a steady income from gambling activities, but here you give the answer. There is almost no way to earn a steady income from gambling activities and people usually just use luck to win. Gambling relies more on luck and that means the chances of generating a steady income are quite small. We need to diversify so don't get trapped in further gambling and when we are unable to be responsible for the finances we use, it will have quite an impact on our psychology.

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November 22, 2023, 03:48:06 PM
 #49

there has previously been a thread that is almost the same and it is clear that even though gambling is done on skill based games, it will still be difficult to earn an income because you need skills that you really master to be able to get consistent profits, which is very difficult.

Since gambling is not a SKILL BASED game, so no matter how many times you gamble and play, you cannot become perfect and the winning and losing in gambling do not depend upon how skillful you are. The new people and the old people in gambling, both seem to have a similar chance in winning or losing in gambling.

unless you are a gambler who is trying to build a gambling business, it will definitely be very profitable or in other words become a bookie.

Building a gambling business is something else and not every gambler can become a bookie. You need a lot of money and capital to own a gambling business and also without experience, you may lose money rather than winning.

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November 22, 2023, 03:58:02 PM
 #50

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 ?

Stable is not a word on gambling because every bet has risk of losing and it depends only on luck. Sports betting and poker are the only games which you can possibly have a steady income if you master the skills required to be on top of that games but there’s a chance that casino will limit you if you are frequently winning so it’s really impossible to have a stable profit on gambling.

Some high roller rely on the rakeback and tournament reward to have consistent profit while playing less risky game. I’m not sure but it might be possible if you have huge bankroll and play small only until you hit your target profit daily but only with small profit target.

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November 22, 2023, 03:58:20 PM
 #51

In the beginning of my gambling career I lost a lot of money gambling, in between I stopped gambling for a while and started gambling again and in the second phase when I gambled again I made a lot of profit from gambling. I made this kind of comment earlier in another post and in that comment one of my members wanted to know what strategies I use to gain from gambling and I made another post in his comment. In his comments, I said that now I prefer to bet more on football and cricket matches and considering the performance of the two teams, considering the strength of the two teams and considering the home ground advantage, I favor whichever team has more chances to win. I have been very successful in second stage gambling by betting on higher odds and calculating the profit and loss shows that my profit is more than my loss.
If a gambler has enough knowledge about cricket and football then he can adopt my strategy and hope he can get some success with this strategy.

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November 22, 2023, 03:58:49 PM
 #52

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 ?
No strategy can bring a steady income in gambling.  Because no strategy can guarantee profit in gambling. Winning at gambling depends on everyone's luck. But some game skills also depend on it. But skill alone cannot bring a steady income in gambling. Gambling is very risky and it is a death trap for some who can become highly addicted to gambling. Those who consider gambling as a steady source of income after winning a few times and continue gambling will quickly face a huge loss.

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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 ?
I agree with this statement. In the gambling industry, there is no one who can consistently win at gambling.  But some may suddenly have a big winning due to a big fortune which can change his life. However, after that big winning, the tendency of that person to give up gambling is very low. Due to which most of the gamblers fail to keep the big winnings that are seen most of the time. They wasted the winning money again by gambling

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November 22, 2023, 04:15:33 PM
 #53

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 ?
Gambling is not a business or an investment that can you steady income and that is why you shouldn't see gamble as what fives profit but see gambling as as fun because you it should be used for entertainment. If you look at it from this view, it will be helpful since it will make you not to start chasing your losses. Addiction comes from thinking that you can be able to make income from gambling.

Don't allow your emotions to control you, because it is normal that when we loss and we can't control our emotion, it will make one feel that he can win the next fame and he will stake his bet again and loss the game. Only gamble with an amount that you can afford to loss and gamble responsible so that you can enjoy the fun in gambling.

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November 22, 2023, 04:31:07 PM
 #54

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 ?

It is very difficult to earn a stable income from gambling. Or maybe I prefer to call it impossible. Gambling is all about luck, and we can't be lucky every day. I even got a maxwin on a slot machine but after that win it was all gone again in just 2 weeks.

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 ?

Maybe it's a good idea, to use some of our winnings to invest in something else. However, I don't agree with crypto investment because often when we run out of money/capital, the crypto we have may be used again for gambling. It might be better to invest in something that can't be used for gambling, maybe buy gold or shares

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November 22, 2023, 04:39:32 PM
 #55

Gambling can be an exciting yet risky endeavor.  While some big wins may initially seem promising, relying on luck is not a sustainable income strategy.  Even experienced gamblers can fall into losing streaks that wipe out previous jackpots.  It's easy to get caught up in the thrill and bet more than one can afford to lose, but wins tend to be short-lived, so keeping expectations realistic is key. 

Approaching gambling as entertainment to be budgeted, rather than a money-making scheme can help mitigate overspending.  With discipline and measured bets, it can remain an enjoyable activity without breaking the bank.

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November 22, 2023, 04:44:25 PM
 #56

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 ?
Some people are perceived to be professional gamblers. It is believed that these set of persons live on gambling but from research the number of such full-time gamblers is insignificant. I don't rely on gambling as a source of income but my wins are used to take care of my expenses. I have not experienced steady wins, which means I cannot identify any strategy. I also prefer to play a few sports games that I enjoy, so I hardly spread my bets to multiple games.

Quote
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 ?
For me, gambling is a combination of fun and profit. I suggest that every gambler should have a full-time job and never consider gaming as a source of income. Investing your wins on coins like Bitcoin is a big advantage because you have invested for the future. But most gamblers see gambling as easy money so they end up lavishing their win on unnecessary expenses. I have seen a gambler who bought a house with a win and I was pleased with such an action

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November 22, 2023, 05:05:06 PM
 #57

Has anyone been able to make steady income with gambling ?
Yes sure, Casino owners and owners of gambling platforms online and offline.

If yes, what had been your strategy ?
Their strategy has been to start up a business, to some it is a business around what they like which is gambling, and they have decided to have a business and explore the business sides of things instead of just remaining gamblers. To other owners who are not gamblers, they have recognized the large market that gambling has and have decided to profit from it.

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November 22, 2023, 05:21:17 PM
 #58

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've never done it, but I have a story about a friend of mine who managed to make a living from gambling. Basically, gambling is just for entertainment, but because it can make a little money into a lot, it doesn't rule out the possibility for people who want to make a living from gambling.

When I asked my friend about his strategy to make a living from gambling, it surprised me because the strategy he implemented was actually very difficult to follow. You know what that is? It's about target. He only targets 10% - 20% of his bankroll.

R


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November 22, 2023, 05:32:37 PM
 #59

Do you diversify to multiple games in order to ensure that end result is always profit ?
Gambling isn't an investment, therefore it makes no difference if you diversify your funds in multiple games in order to achieve profit. The strategy of diversifying funds work with investments, because you decrease the risk of losing money, since when one investment isn't being profitable, you have others which are likely to be. However, the same can't be applied to gambling, because in every games there is a clear and well known factor against the player in every games he plays: the house edge. On long term he can't overcome this disadvantage, so doesn't matter how many games you play, the results tend to be always unfavourable to you the more you play.

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Rockstarguy
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November 22, 2023, 05:41:16 PM
 #60

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 doubt if gambling can  be a means whereby people can make steady income and their is no strategy for people to make gambling a steady source of income.  Gambling is unpredictable and many of the wins comes as a result of luck and this is not what people needs to put it in mind as to make it a way to generate money from it as a source of income.  Taking gambling as way of making money can be a bad decision anyone will take which will be a regrettable decision.

Gambling is a game of fun where people win money by surprise,  it should not be a game that should be taking serious but a game people needs to play for fun with money that they can afford to lose.

R


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