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Author Topic: Can someone take gambling as a source of income to he/she life?  (Read 2597 times)
Plaguedeath
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June 06, 2024, 09:18:47 AM
 #81

I mean, just use your common sense.

Even we know house edge makes the casino will always win, but if someone can overtake the house edge, why not? it's easy to track if you win or lose, always record all of your deposits and amount you've withdraw. If the amount you withdraw bigger than your deposits, you're in profit and if the amount can reach your monthly cost, you can live by gambling.

Rather than asking whether it's possible to take gambling as a source of income, I'd want to see who can live just by gambling.
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June 06, 2024, 09:21:25 AM
 #82

Anyone that is using gambling as job is hopeless, because gambling gives false hope and waste your time. I will call them lazy people and they will die wretched if they don't come back to their normal senses and look for a job to do. Gambling is unpredictable, and another reason is that if you win big today since you have taking gambling to be a job, you will spend the money without caution believing that you will win tomorrow.

Gambling should be done for pleasure at our own leisure time, and not what we take personally to the extend that we are looking for how to survive with gambling. Addiction will be the case, because you will gambling everyday and a time will come that you will not have money to gamble, because you are not working and at the same time ha e lost all bankroll. These set of gamblers are the ones that will start taking loans and selling their properties. If a rich man can get reckt in gambling, then what will happen to you that don't have a job.

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June 06, 2024, 09:26:27 AM
 #83

~ I said let me express my feelings towards this to forum gambling discussion, if their are people who are living in this kind of lifestyle. And what will be your opinion towards the people living in this kind of lifestyle everyday of their life's?

What kind of gambling your friend was doing? If it were some purely luck-based games, and I'm almost sure that that was the case, how could he make profits consistently? It's impossible. The most likely scenario is that his parents were sending him $200, he was losing $100 to gambling, and was buying a big bag of foods with the rest of the money most of the time. I mean, of course, he could win in one day or another, but he couldn't be winning constantly.

Also, everyone here will tell that trying to increase money by gambling is not actually a good idea.

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Marvelockg
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June 06, 2024, 09:39:21 AM
 #84

Anyone that is using gambling as job is hopeless, because gambling gives false hope and waste your time. I will call them lazy people and they will die wretched if they don't come back to their normal senses and look for a job to do. Gambling is unpredictable, and another reason is that if you win big today since you have taking gambling to be a job, you will spend the money without caution believing that you will win tomorrow.
it's not just laziness but an high level of nonchalant attitude that can only come from someone that has no plan for his life. Do you just work because you want to be able to feed yourself and that's it? What happen to creating a good stream of income outside of gambling that can generate money for you even while you're not working? Anyone that's relying on wining in a gamble as his only source of income will only end up eating from hands to mouth. It's no doubt that some lucky individuals have won huge amount of money through gambling but if you don't have a single plan regarding what you're going to put the money you've won into, at the end of the spending  it out, the only option you will be left with wull be to go back into gambling to recovering the money and then continue tye circle almost the same way.

I've seen lots of youth who makes it there lifestyle to always depend on gambling as a major source of income and the end product of such decision is always addiction.

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June 06, 2024, 09:41:39 AM
 #85

I see gambling more as entertainment and dopamine satisfaction than as extra income or investment. Gambling is accessible to anyone, but only those who can afford to lose, after many attempts and losses are able to win more than they lose at the game. These are games that require more of the player's skills and knowledge than those based on luck.
Gambling requires luck as well as gambling experience. If you have good gambling experience, you can win most of the gambling games. And those who are new to gambling often face losses due to their lack of experience. Again, if someone has too much  If you gamble then you are more likely to lose the time gambling because overtime gambling is more likely to make wrong decisions resulting in higher chances of winning and losing.

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June 06, 2024, 09:47:18 AM
 #86

Theoretically, gambling can be a source of income, but it should not be be a primary, and person should accept the fact of instability of such income. In addition such source require constant investments. Gambling definitely is not a job, but a person can always test luck in daily or weekly poker freerolls. Anyway, I would not recommend to expect to earn from gambling much.

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June 06, 2024, 09:54:56 AM
 #87

Theoretically, gambling can be a source of income, but it should not be be a primary, and person should accept the fact of instability of such income. In addition such source require constant investments. Gambling definitely is not a job, but a person can always test luck in daily or weekly poker freerolls. Anyway, I would not recommend to expect to earn from gambling much.

What theory you are using that concludes that gambling can be a source of income? It needs to provide a regular supply in able to be considered as source of income which is not possible on gambling since it has a house edge which is many times being brought up and discussed on this board.

There’s no way a gambling with -EV can give a regular supply of money for income. Maybe the other way around, We as players can be a source of income by the casino through gambling.

There’s no way a casino will let users get consistent profit and milk from them in long term.  Cheesy

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June 06, 2024, 09:57:23 AM
 #88

The proper answer to your question is no, it is very unpleasing and a bad reason to gamble. Gambling should never be taken as a source of income, gambling is something we do for fun despite with the intentions of wanting to get profit but that does not mean we should depend on it in order to take care of our bills and needs. There is no certainty of winning any gambling participation so why risk our finance into something that has lesser probability of working out.

sometimes why people get involve of taking gambling as their source of income, maybe they've a problem or they've heard of some testimonies from somewhere else. All gamblers are aware that their is no certain of winning in gambling, and they all knew that it's a game of risk and luck so for me before they make gambling as their source of income, their is something that triggers them taking gambling so far. Some it wasn't their intention but with the process they get so addicted that every day of their life's they gambles. And your answer isn't bad towards the question.
But that is not enough reason as to why they should take gambling as a source of income, any little money that have they run into playing gamble and from there poverty strikes in, the user will go from being just poor to selling of his properties and other assets and if the gambling as his source of income doesn't change his financial status then he might end up being homeless because he can't save to pay up the rent.

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June 06, 2024, 10:14:16 AM
 #89

Theoretically, gambling can be a source of income, but it should not be be a primary, and person should accept the fact of instability of such income. In addition such source require constant investments. Gambling definitely is not a job, but a person can always test luck in daily or weekly poker freerolls. Anyway, I would not recommend to expect to earn from gambling much.

Even when gambling can't be a source of income, unless you are one of those who are good at cheating in all kinds of gambling, then it can be said that for a gambler who is a cheater,
it is a source of income, right? But if we are just ordinary gamblers, it really cannot be.

Maybe for other people who get a jackpot in gambling who are just really lucky, they can say that this is a possible source of income, but for gamblers who don't often win gambling,
I don't think so.

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June 06, 2024, 10:27:30 AM
 #90

As a main source of income? I don't think so and even others are fortunate to be lucky and win a decent amount, we know that's not the case for majority of gamblers. Therefore it's quite hard to make a living just by relying entirely on gambling. The reason why we often advice the gamblers to only use a spare money and have less expectation.

Gambling is not the answer to earn a stable income (that's the fact). If you're motivated that you can do it just because you see others won and became an instant rich, don't think the same fate will also happen to you because luck is still a major factor to win.

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June 06, 2024, 01:05:41 PM
 #91

I wouldn't describe gambling as a means of earning money. Otherwise, we can ask such people: How was your day? In response, we will hear: I’m exhausted because I worked a lot. It's funny, isn't it? People justify their addiction by falsely claiming that gaming works for them. It is an addiction that is very difficult to cure. I have heard stories about those men who came to the casino and wore diapers so as not to look away from the game. Isn't this crazy?
In order not to go crazy and get into ridiculous situations, you need to understand and accept that gambling is entertainment. If you are lucky enough to win, withdraw your winnings and spend them on other needs so you can walk away as a winner.

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June 06, 2024, 01:23:17 PM
 #92

As a main source of income? I don't think so and even others are fortunate to be lucky and win a decent amount, we know that's not the case for majority of gamblers.

I wouldn't describe gambling as a means of earning money.

For these two it is the main source of income:

Billy Walters (gambler)

Phil Ivey

Although they do not bet on typical casino games and they are exceptional players but there are many who are not known at all and have it as a main source of income or a side income, as long as we talk about sports betting and poker.

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June 06, 2024, 01:34:06 PM
 #93

I was gambling today online since their is strike no work, so decided to take all my day to place a bet and this thought comes to my mind. That is it how the jobless men do gamble all day with the little money they've, because this is insane to me but to those people who gamble as the means of their income it's terrible. I rememberd a friend of mine back in the days in school all he does was to gamble all day not going to class, and the gambling favors him alot any time he comes to the hostels he do comes back with a big bag of foods. But that was back then his parents was sending him money, but right now with the economy situation in some countries someone will haven a little money meanwhile he/she have gone alot stress to get the money and he/she will tries to increase the money by gambling. Everyday he/she continues like this hmmm it's bad.

I said let me express my feelings towards this to forum gambling discussion, if their are people who are living in this kind of lifestyle. And what will be your opinion towards the people living in this kind of lifestyle everyday of their life's?

Thank God no,absolutely no as this is a devastating destruction to your life.Trying to increase your money through gambling is a fatal mistake which brings misery in 99.99999% of cases as very rarely,in fact I have never seen a jobless or homeless person making it to being a multimillionaire from gambling.Conducting such a way of life for me is an assurance to a stressful life full of pain and almost zero positive emotions and this also impacts someone life longevity for the worse because of such stress.Anyone conducting such a way of life should stop immediately and try to find a job and only gamble a small percentage of their salary,this can improve the way of life.

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June 06, 2024, 01:38:51 PM
 #94

Possible, if you are an active gambler and streamer, you can do gambling as a source of income with your contract with them and also the earnings in their stream too, beside that you can get a source of income by gambling in table top games such as blackjack, baccarat, etc. personally I don't see a potential in slot games because its base on the luck but with the table top games you can get a chance of winning through the number cards, patterns, probability and statistics of course there's a possible data than taking in slot if you are well skilled in this you can gain profit with this game.

If you know active gamblers, you can use their affiliate system, which has a percentage of earnings depending on their deposit or what their terms are.

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June 06, 2024, 01:44:38 PM
 #95

It's hard to say that given how the odds of winning big money consistently in most gambling games is really low for the player, I don't think that it's an advisable move for someone to take gambling as their source of income, it's not a consistent way to make money and it doesn't give you anything to work with because if you are on a lose streak that day, you're not going to eat anything, it's never going to be a fine time for you too because you're sweaty at playing since you're playing competitively and not for the usual entertainment value of gambling.
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June 06, 2024, 01:53:01 PM
 #96

I was gambling today online since their is strike no work, so decided to take all my day to place a bet and this thought comes to my mind. That is it how the jobless men do gamble all day with the little money they've, because this is insane to me but to those people who gamble as the means of their income it's terrible. I rememberd a friend of mine back in the days in school all he does was to gamble all day not going to class, and the gambling favors him alot any time he comes to the hostels he do comes back with a big bag of foods. But that was back then his parents was sending him money, but right now with the economy situation in some countries someone will haven a little money meanwhile he/she have gone alot stress to get the money and he/she will tries to increase the money by gambling. Everyday he/she continues like this hmmm it's bad.

I said let me express my feelings towards this to forum gambling discussion, if their are people who are living in this kind of lifestyle. And what will be your opinion towards the people living in this kind of lifestyle everyday of their life's?
Gambling cannot be said to be healthy source of income, the reason is that, gambling or winning your bet is not a guarantee, so how do you place your source of livelihood on uncertainty. Your friend had free money sent by his parents regularly, that was the steady supply of cash that he had to help him stake and win, I'm sure by then if his parents stopped sending him money, maybe he too would have reduced his betting time.  So you need a real job, to help you finance your gambling, except yours a heavy staker that wins huge amount of money regularly that can sustain you and your family till another big win, and that is very rare in the gambling world.

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June 06, 2024, 02:08:01 PM
 #97

Possible, if you are an active gambler and streamer, you can do gambling as a source of income with your contract with them and also the earnings in their stream too, beside that you can get a source of income by gambling in table top games such as blackjack, baccarat, etc. personally I don't see a potential in slot games because its base on the luck but with the table top games you can get a chance of winning through the number cards, patterns, probability and statistics of course there's a possible data than taking in slot if you are well skilled in this you can gain profit with this game.

If you know active gamblers, you can use their affiliate system, which has a percentage of earnings depending on their deposit or what their terms are.

        -     I kind of agree with what you mentioned, mate, because even if he loses gambling, because he is a streamer and he has the same influencers on YouTube or Facebook, for sure he will win back those who lose gambling. Maybe it's because he doesn't feel like he's losing yet.

Because when someone signs up and makes a deposit, he has a large commission on other people's deposits using his referral link when he signed up. So it can be said that this is a stable source of income as long as there are people who deposit and watch its live stream.

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June 06, 2024, 02:48:21 PM
 #98

Gambling requires luck as well as gambling experience. If you have good gambling experience, you can win most of the gambling games. And those who are new to gambling often face losses due to their lack of experience. Again, if someone has too much  If you gamble then you are more likely to lose the time gambling because overtime gambling is more likely to make wrong decisions resulting in higher chances of winning and losing.

I doubt that, with good experience it may be more about minimizing losses, not being able to win most of them. In addition, I think that people who have experienced gambling are able to limit their gambling activities and actions, unlike beginners who usually take action without considering it first until what happens is losses and emotions that make them experience greater losses.

With someone who gambles too much it is clear that they will lose time and money, although there is a chance to get a win or profit but it is not certain because in gambling for players the chances of losing are greater than the chances of winning and for the host the chances of winning are greater than the chances of losing. The number of gamblers who have suffered heavy losses is because they are too confident that they can win with the gambling they do.

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June 06, 2024, 02:59:27 PM
 #99

I think however it is clear that gambling can never be used as a place to earn money or earn a living to meet the needs of life, but I will say that gambling can be used as a place to earn money if you are someone who owns a casino, because it is clear that the overall profit actually only for the casino itself, especially when many gamblers experience losses.

But if for example you are nothing more than an ordinary gambler then I think making a profit in gambling is an impossible idea, I understand that you can win but what we have to understand is that winnings in gambling only come occasionally and by chance, whoever it is will not never know about what will happen at the end of the session between winning or losing, and also in my opinion there are quite a lot of cases of addicted gamblers who experience bad impacts in their lives such as losing balance in their financial situation or having a lot of debt which we can use as proof that when someone puts excessive intentions towards winning in gambling, the opposite will happen, meaning that instead of making money, you will actually lose more money.

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June 06, 2024, 03:03:20 PM
 #100

Sincerely this requires precision, and also the type of game such gambler chooses to play. The gambler must first have a good, balance source of income and the most needed will be Risk Management in his gambling habits, what will bring breakthrough is chance meeting opportunity but the Truth is not everyone get there. Many return with Addition, debts, Financial crisis, etc.
The only stable way is passive which is Affiliation, promotion, of gambling sites.
Be cautious, build a better life and gamble responsibly.
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