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Author Topic: Can someone take gambling as a source of income to he/she life?  (Read 2582 times)
Agbamoni
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June 06, 2024, 10:51:17 PM
 #121

OP, I'll say no. Gambling cannot be a source of income for a live hood living and taking care of family. Instead, it should be an alternate source of having extra money that would support us when times are rough, or things get messy. People take advantage of the fact that they get to win more often in gambling, so they decide to take it as a full-time paying job which is a bad idea. In gambling there is nothing like allowances, monthly income, and promotion. But in our individual places we work, we get to have promotions sometimes, and there is certainly of monthly income. So why would someone choose to make something that the outcomes are not certain (base on luck) to be a major source of income.

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June 06, 2024, 10:53:38 PM
 #122

Contrary to most opinions I've seen on the thread, I'm of the opinion that someone can actually take gambling as their primary source of income especially if they take it seriously by putting in the work and not treat it like some side hustle or secondary hustle. I know a guy that primarily earns money off his gambling endeavors and majority of his time is spent analyzing betting markets, odds, probabilities, those kind of things. It is my belief that if you take something very seriously, you can make your luck. It's a risky venture for sure but there's always going to be an element of risk in any endeavor. That's for sure but yes, gambling as a primary hustle is very much possible.

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June 06, 2024, 10:59:26 PM
 #123

It is a dangerous thing to consider gambling as a source of income. Most of these paths are started on seeing youtubers posting gambling streams and appearing as they are earning from it. This is complete opposite of the reality and a twisting of the real facts.

Most people who earn from gambling do not gamble directly. They might be affiliate marketing for the casino, streaming to make the casino popular to their viewers and earn from their views and write books on gambling and sell but, but NEVER actually gamble.

As soon as you start gambling you enter the vicious cycle of loss and chasing the loss.
I have to agree with this. There is no guarantee that one will keep making profits when gambling and take it a means for survival. Instead, one will only be susceptible to more losses and financial struggles. That’s why having gambling as the major source of living will never be possible, except if you are a big celebrity wherein you are paid with huge amount promoting those gambling platforms.

However, gambling as a means for additional source of income might possibly work. As long as you don’t gamble more than what you can afford to lose, and you act as a responsible gambler and get satisfied even with small amount of profits, I really think that you will also earn a significant amount in the long run.

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June 06, 2024, 11:36:25 PM
 #124

OP, I'll say no. Gambling cannot be a source of income for a live hood living and taking care of family. Instead, it should be an alternate source of having extra money that would support us when times are rough, or things get messy. People take advantage of the fact that they get to win more often in gambling, so they decide to take it as a full-time paying job which is a bad idea. In gambling there is nothing like allowances, monthly income, and promotion. But in our individual places we work, we get to have promotions sometimes, and there is certainly of monthly income. So why would someone choose to make something that the outcomes are not certain (base on luck) to be a major source of income.
What you say is very true, it is very unlikely that by gambling we will be able to earn income to meet the needs we need and I think it is difficult to be able to win gambling regularly and most of us see those who gamble frequently, they will have financial problems and will probably There are many other bad impacts that arise from gambling.
If we can consider gambling as the main source of income, of course this is a very wrong understanding of gambling and what we can do in gambling is just a place to have fun. Of course it would be better to be able to gamble on a limited basis and to be able to get a steady income of course we have to do the work not by gambling.

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June 06, 2024, 11:45:04 PM
 #125

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?
Professional gamblers who gamble on daily basis a d some who sees it as a means of survival , will only see you as not been skilled enough and that's why you would see it like it's not lucrative enough gambling as a means of making money probably on daily basis. Just like you go to work every day and eventually have your pay day by weekends or months ends, so aer strategies in gambling that get such gamblers to earn daily or weekly and sometimes monthly but it's all relative and dependent on the strategy they are applying to get such.

It's very possible to make gambling a job and probably a means of livelihood, as a matter of fact, in my country, I know of a man who gambles daily as his means of livelihood and he's not poor, he's got a house  and even others that he uses for his real  estate business all of which were gotten gambling.

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June 07, 2024, 01:05:04 AM
 #126

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?
For those who are gambling at a professional level good on them, I have nothing but respect since it's not easy to maintain that consistency when it comes to profit. Most of us want to reach that level, but we know it's impossible because there's more to it than just betting and looking at the numbers.

Others already gave an example and i'll add another he's Tykiwanuka, i've linked his thread instead of his profile since you'll see more details about it over there.


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June 07, 2024, 04:16:19 AM
 #127

Can someone take gambling as a source of income to he/she life? the answer is no unless you are the owner of that gambling site or you are super lucky to win a million dollar invest it and then you can have passive income from it. A stable source of income from gambling in my opinion is not an option and cant be done unless you are super lucky and get monthly win from it.

Tho you can get steady income as a poster and join signature campaign like I did hehehe

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June 07, 2024, 07:29:18 AM
 #128

It is highly unlikely for an average person to make gambling a consistent and reliable source of income. Some people can have short term success gambling is based on chance and luck, making it a risky and unpredictable venture.

Most people who attempt to make gambling their main source of income end up losing more money than they earn. It’s important to approach gambling as a form of entertainment rather than a means of making money.
I don't even know why someone would even think of making gambling as a source of income, I mean there is absolutely no certainty to what will happen the next minute with your gambling session so you relying on that is completely absurd and should I say share stupidity to have such mentality. Like you said success rate is never assured on every gambling session so their is absolutely no way to make this as an ends means.
 
you won't blame them most of them have more responsibility to settle, and they think it's through gambling that can help them increases their incomes in life. The worst part is that most of this set of people do receive a good salary but they'll still want to risk it all to gambling, cause with their mindset it's already their source of income not the work they're doing. So their mentality isn't like the normal gamblers who gambles for fun not after chasing gambling as their source of income in life. So responsibility it's also the course it with my little understanding.

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June 07, 2024, 08:05:06 AM
 #129

The undeniable fact is that it is possible however it is a very poor practice which often drives some gamblers into addiction. Every one tires as much as possible to take their source of income very seriously in order to maximize their earnings or income. Similarly, taking gambling as a source of income will compel such person to spend more time and effort into Gambling activities just to be able to make more money. Most of the time they Begin to play with greed as well as other  unhealthy practices which all contribute to gambling addiction.

Everyone usually says gambling is a fun activity and trying as much as possible to put that boundary makes it more difficult to become a gambling addict.
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June 07, 2024, 08:09:37 AM
 #130

If you can earn consistently through gambling, you can take gambling as a source of income.

If you can't earn consistently or mostly loss through gambling, you can't take gambling as a source of income.

It would be stupid if someone can earn consistently through gambling, but still asking whether gambling can be as a source of income and listen to most people who can't earn from gambling...

R


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June 07, 2024, 08:20:29 AM
 #131

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?
Professional gamblers who gamble on daily basis a d some who sees it as a means of survival , will only see you as not been skilled enough and that's why you would see it like it's not lucrative enough gambling as a means of making money probably on daily basis. Just like you go to work every day and eventually have your pay day by weekends or months ends, so aer strategies in gambling that get such gamblers to earn daily or weekly and sometimes monthly but it's all relative and dependent on the strategy they are applying to get such.

It's very possible to make gambling a job and probably a means of livelihood, as a matter of fact, in my country, I know of a man who gambles daily as his means of livelihood and he's not poor, he's got a house  and even others that he uses for his real  estate business all of which were gotten gambling.

I like what you just said, the man in your country which gambling turns his life around for him. That's why I usually say it's because of something that makes this set of people takes gambling as their source of living, first testimonies and the evidence of their friends making it daily from gambling. I've also seen someone who goes to a bet shop every morning dressing good as if is going to work, but by the end of the day he'll end up at the gambling shop. My opinion is that if it's favoring you then you can continue with it, but also put it in mind that it's a game of luck.

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June 07, 2024, 08:46:32 AM
 #132

If you can earn consistently through gambling, you can take gambling as a source of income.
You need to run a casino in order to achieve that, be the banker rather than the gambler.
However, there are people who are smart in gambling, like they know how to use their skills and become profitable in gambling that are based on skills, like sports betting for instance.

If you can't earn consistently or mostly loss through gambling, you can't take gambling as a source of income.

It would be stupid if someone can earn consistently through gambling, but still asking whether gambling can be as a source of income and listen to most people who can't earn from gambling...

Sometimes we are delusional, we tend to believe that gambling is what we called "easy money", despite the fact that we haven't proven anything yet. people say it's a recipe for disaster, well, I can't argue with that.

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June 07, 2024, 08:50:20 AM
 #133

No matter the situation someone is going through in life, the person should not think of gambling as a source of income. People that take gambling as a source of income are most likely going to regret it later. Successful gamblers are the gamblers that make money from real business and not from gambling.

precisely! even if we say that there is no other way to find, we need to keep looking because there are many other jobs that can help us earn money, if you rely on gambling as your source of income, we are not sure if you will actually earn on it because in the first place, there is no certainty of income here, not unless you are very lucky and you win almost every day or in every gambling session you go to, and it is possible that you will not find a "source of income" in gambling, it might even be a cause of loss of income.

Let's not take gambling too seriously or as a career if we don't want to be like others who ended up losing everything they worked hard for. gamble at your own risk and gamble moderately only.



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June 07, 2024, 08:52:23 AM
 #134

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

Theory of probability Smiley

I have mentioned such words as "not primary source of income". I think people here confuse job and source of income. I can get as many sources of incomes as possible. That does not mean I earn from them regularly/monthly. Theoretically, if I place once a year a bet with 1.01 odd and win - that is my additional source of income. I believe your would agree with that. A person might have a job, work freelance after work, post on forum and sell his signature, and gamble with faucet money. Already 4 sources of income.

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June 07, 2024, 09:16:09 AM
 #135

If someone lives their daily life by gambling continuously and thinks that they can make gambling games a source of income for them then that is a very unreasonable thought unless that person is a professional gambling expert who can easily win bets but if the gambler Ordinarily, don't expect to get income from gambling games because there are only losses and the bigger the losses, smart people will never consider gambling as a source of income, only losers will have thoughts that don't make sense like that.

Gambling games are always related to luck and a person does not always feel lucky in his life, gambling is a game based on luck, not a job that can pay for sure unless you are a worker on a gambling site then you can earn money through your job and not as a player. as users, we should not expect the impossible from a game of luck. If we are unemployed, it is better to look for another job than gambling which results in you becoming addicted to gambling.

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June 07, 2024, 09:23:19 AM
 #136

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?

This will be a very wrong way of living and it can lead to many challenges in the future when you will be in need of money but you do not have. Depending on gamble as your main source of income will make you become a gambling addict very fast because you will be gambling excessively. There might be those that are leaving like this but that is not a good way to live and not one that we should be following those that are Livin this way. Your source of income should be a job, business or skills that you can depend on that if you work well you will receive reward for your work and not when you have to be lucky that day before you can get profits from gambling that the profits might not be enough to handle your bills. A gambler is suppose to have other sources of income and gambling should not be the main source of income.

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June 07, 2024, 09:55:21 AM
 #137

If someone lives their daily life by gambling continuously and thinks that they can make gambling games a source of income for them then that is a very unreasonable thought unless that person is a professional gambling expert who can easily win bets but if the gambler Ordinarily, don't expect to get income from gambling games because there are only losses and the bigger the losses, smart people will never consider gambling as a source of income, only losers will have thoughts that don't make sense like that.

Gambling games are always related to luck and a person does not always feel lucky in his life, gambling is a game based on luck, not a job that can pay for sure unless you are a worker on a gambling site then you can earn money through your job and not as a player. as users, we should not expect the impossible from a game of luck. If we are unemployed, it is better to look for another job than gambling which results in you becoming addicted to gambling.
Even if you and I understand that most likely we will not be able to earn money on a regular basis by playing gambling, then stupid and naive players believe that they will succeed, but the most important thing here is that the game itself will teach them, which will show them their losses if their confidence soars to the highest level. This lesson and overconfidence will cost them dearly. When I was at the beginning of my gambling journey, I also thought that I could win, but it was enough for me to lose only a few games to sink into reality and I’m glad that I understood it easily. The greatest difficulties will arise for those who are overly self-confident and who have narcissistic character traits. More modest people should not have such problems, in my opinion.

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June 07, 2024, 10:10:49 AM
 #138

Can someone take gambling as a source of income to he/she life? the answer is no unless you are the owner of that gambling site or you are super lucky to win a million dollar invest it and then you can have passive income from it. A stable source of income from gambling in my opinion is not an option and cant be done unless you are super lucky and get monthly win from it.

Tho you can get steady income as a poster and join signature campaign like I did hehehe
Common gamblers win but not sufficiently enough to provide the needs especially if we already have a family but owners would. In fact, many poor people gamble, use their last resort to bet but end up getting nothing but just a ticket. Therefore, no way we have to think of this as our source of income as we can't rely on our future for luck and unstable earnings. It is better to run a small business because even earning just a small amount every day, we are still sure that there is something we get at the end of the day. It is still to be noted that gambling is just for fun, not for earning purposes.
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June 07, 2024, 12:43:32 PM
 #139

but you know in gambling the higher amount you stake the more higher amount you get in return, as long you're a gambling it doesn't matter if you're addicted or playing for fun. I think every gambler are chasing for the higher amount not only depending with the little one you get, and it's at this point you'll go to the extreme of gambling above what you can't afford. And this set of people don't think if they're losing or not they are ready to gamble everyday and night, from here it becomes the means of their daily incomes in life.

I think this is too risky, because I believe that gambling sets different winning and losing percentages for players, where the losing percentage is greater than the winning percentage. Even though there is a chance to win, there is no guarantee that you will win. Even betting a high amount does not guarantee that winning will happen, but in the end it only comes down to hope and luck. I think people who place bets with high amounts cannot always win because the aim of the gambling industry is to make a profit and if all gamblers could get easy and sure wins by betting high amounts then I think all gamblers would do it, because if High bets can produce definite wins so there is no doubt for gamblers to place bets with high amounts. Unfortunately there is no definite guarantee of this, it will only lead to losses.

With gambling being done by many people, making gambling a source of income in their lives, I think the answer is no. Firstly, the advantage that the house has is real, so the house will always win in the long term, while the player has a greater chance of losing and that applies in the long term. Even though there are people who are said to be professionals at gambling, I don't think they always win at the gambling they do. no player can beat the house, because it is an established rule that the house has a bigger winning advantage.

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Hypnosis00
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June 07, 2024, 01:38:31 PM
 #140

The majority of us will say NO but why not if we are destined to be a successful gambler? Of course, our negativity drives our minds to think negatively but it is possible in real life.

It can be one source of income but it doesn't mean we have to be fully reliant on this.
We have not to generalize that all gamblers are losers, many also have made their life better by doing this. We can say only a few of them, yet it is not really convincing but for them, they had already achieved things that can't be simply achieved by having stable jobs.
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