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 ?
By the way you write, you seem to be treating gambling and investing the same way and this is a huge mistake, the few people out there that can obtain profits with gambling do not diversify, instead they specialize in a single game, as obtaining profits in a single game is already hard enough.
However once you have developed a method that allows you to do this, it does not make sense to reduce the size of your bets, and if anything that is the moment to use any spare money you can afford to lose.
But he should stop because we know and even he seems to know, that getting a steady income from gambling is not easy. Maybe many people have tried it but they failed and we also don't know anyone who has succeeded in getting a steady income from gambling. However, we must be aware that there are still other ways that we can use to earn a steady income and they are not from gambling.
However, if he still wants to try it, that's up to him but he should still be careful and maybe he can try it through sports betting. If he has good analytical skills in sports betting, he has a chance to make money. But he shouldn't expect too much to always win from gambling because it won't be easy.