Exploring the Viability of Gambling as a Main Source of Income

[Slow death]

The moment people think about getting involved in gambling to pay bills, they are finished. They will destroy their entire future, they will sell their assets, they will lose family and friends, they will have a lot of debt and in the end they will have an addiction which is a disease that torments the person for many years, something very difficult to cure. Honestly, we must never forget that gambling is entertainment and not a source of income to pay bills.

[Free Market Capitalist]

You're aiming too high, OP. If you had talked about gambling as a form of extra income it would be more achiavable but as the main one it is something very difficult that few get. Seriously if you start today in poker (and I guess for sports betting it will be similar) to become your main source of income it is normal that it will cost you years if you get to get it because the most normal thing is that you will fail in the attempt, unless you live in a third world country and can be considered as a main source of income earning an amount that would be considered as a side hustle in developed countries.

The ops lack the brain to write, so to say all his trash he has to use AI to come up with this garbage called a thread.

Unfortunately for such an incident from a senior member account, how he got ranked up to that level is quite unimaginable.

Good point. Surely he didn't use the AI to rank up and now he's gone lazy.

[Bd officer]

I never see gambling as a source of income. I see gambling as entertainment. Now how do you see gambling as a source of income? And if gambling is your main source of income, where do you get the money if you lose? Gambling involves risk, you either win or lose. You cannot guarantee winning in gambling. We have to admit that gambling depends on luck. Yes, analysis will give you an advantage in sports betting, but it cannot guarantee you a win. Now if you look at gambling as a source of income you can also lose a lot of wealth, gambling is good for entertainment. Many have lost a lot of money by gambling and become destitute.

[Wexnident]

~

This is what gamblers who want to hit it rich think when they go to sleep every day after losing their entire funds in the casino early on LOL. Seriously, the moment you started considering it as a viable option already made this entire discussion a joke. It being feasible needs it to be "practical" and sustainable (since it's a main source of income). Yes, people have hit and people have won it big. That doesn't mean it's practical. Just as there are a thousand winners out there, there are probably a million of losers for each of those winners.

Maybe in sports it's possible. But then again might as well just work as an analyst or something lol. Or maybe even be part of the bookies themselves who give out the odds.

[Fivestar4everMVP]

The ops lack the brain to write, so to say all his trash he has to use AI to come up with this garbage called a thread.

Unfortunately for such an incident from a senior member account, how he got ranked up to that level is quite unimaginable.

Thank you very much for taking the time to check the text out and confirm my assumption, reading the block of text written by the op, it was easy for me to figure out that it was a copy and paste from Ai, and even also the punctuations, their consistency gave op out completely.

I think it's high time the forum makes a rule to permanently ban users who can not use their brain here, but prefer to waste other users time from posting Ai generated text.

And also speaking of his rank, well, this actually shouldn't be in the equation because it is possible he bought the account, highly possible, a senior rank that don't know how to use his or her brain definitely did not grow into that rank, he jumped into it from rank zero 😂

[davis196]

A small percentage of gamblers do find success and manage to create a stable income through their efforts. For these individuals, their outcomes might be described as destiny rather than mere chance. Destiny, in this context, can be interpreted as the culmination of skill, experience, and sometimes, the right opportunities aligning at the right time. When factors like luck and destiny converge positively, it is indeed possible for someone to succeed against the odds.

OP, aren't you contradicting yourself? You say that creating a stable income via gambling is a "destiny"(which means that you have to rely on luck)? Making a consistent income has nothing to do with luck, destiny, fortune, etc. You can be a skilled and experienced gambler, but without luck, you won't make a penny. This means that the whole idea of making consistent income thru gambling is nonsense.
The only way to make consistent income out of gambling is to own a successful casino or sports betting platform.

[btcltcdigger]

IMO gambling can indeed be your source of income. There's only one catch though.
You have to own the casino
Just look at it this way, new casinos are popping up every day. That means they are profitable

[ovcijisir]

I would never consider gambling as a source of income, and I would recommend anyone not to view gambling as investment. That can lead to gambling addiction and going in big debts that could take decades to pay off.

Don't know how OP came to the idea, but I would not consider this post seriously.

[Haunebu]

I know a few people that make a living sports gambling. If you couldn't beat sports gambling, then books wouldn't ban players. Books ban players, because players can beat them.

Yeah. It's definitely possible, but it's extremely difficult and only a couple of pros manage to do it for a while until the sites catch on and just limit them in order to save their businesses from going kaput.

Sportsbetting and poker are some of the best ways to accomplish this. Card counting was another viable way in the past, but it's not really useful anymore these days.

[bitbollo]

If you want earn from gambling like "in a casino" you are doing to ruin your finances.
Otherwise, if you want to play in a serious way (other games like sports bet or poker) you Will see that:
- have an income requires a lot of effort, a lot of games, a lot of knowledge
- even of you can achieve you will earn like any other "office job" (as a median value) since you are playing with certain amounts and playing heavy doesnt work.
More over you are stressed. These activities requires a lot of effort and time. Some time you had to bet during the night. Sometime you had to follow long games (like in a poker tournamente).
Even if you do everything properly...you can just lose!
It Is possible of course such career but I Will not expect anything "exceptional"....

[michellee]

When someone want to use gambling for a source of income, he need to double think about his plan and check everything before he start. He can research on the Internet to find what other people say about using gambling as a source of income. He will found that will not easy to do that because gambling is not design as a source of income so he could only use gambling for fun. Gambling is for an entertainment while that is what we can do with gambling, not more and not less. If he want to try to use gambling as a source of income but he don't see a big chance to make it, he better leave gambling like that and search for the other ways.

[ultrloa]

I would never consider gambling as a source of income, and I would recommend anyone not to view gambling as investment. That can lead to gambling addiction and going in big debts that could take decades to pay off.

Don't know how OP came to the idea, but I would not consider this post seriously.

On poker maybe they can get a nice career there if they dedicate their time on that game. But other type of gambling games or sportsbetting? Well maybe they cannot get their target since if they just bet and wait for them to win for sure they would not get anything from it.

But if they try to became a gambling streamer and could able to build a solid reputation also community then maybe they can earn from gambling sites that will offer a partnership deals also other type of promotions related to what he do.

Many people really think about if its really possible, but if they already on the scene and experience how hard to achieve those things then maybe they could agree with us that its hard to earn passive income by playing gambling games.

[Dr.Bitcoin_Strange]

In conclusion, while gambling can be an income source for a select few, it requires substantial intelligence, strategic planning, and a dedication to mastering the nuances of the games involved. For most people, however, reliance on gambling as a main source of income can be risky and unsustainable. As we navigate this topic together, I encourage everyone to share their thoughts and experiences. Do you believe gambling can effectively serve as a viable source of income, or do the risks outweigh the potential rewards?

Looking forward to hearing your views!

Take for example, trading is one source of income that only a few people are actually make a living from and those people what are actually make consistent income from trading usually advice others not to depend on trading as their only source of income.  If I relate this to gambling, there only a few gamblers that are able to luckily make money from gambling and if those guys can be honest, they will not advice anyone to rely on gambling as their only source of income because they could win some money today and lose it the next day. So, I would say that gambling is not really a source of income and should not be handled so.

[robelneo]

Do you believe gambling can effectively serve as a viable source of income, or do the risks outweigh the potential rewards?

No, never, and it cannot be effectively a viable source of income. You don't put your money on something that has a risk involved and expect something in return; even if you are good at analysis, there is no guarantee of return. Those who lose their fortune on gambling started with the mindset that they can make a lot of money or make gambling a source of income.
Having this mindset will get you in big trouble that you will regret later.

[TheUltraElite]

One thing I know for sure, gamblers dont make money. It is the people who are associated with the casino that actually make money. So who are these people in real? They are actually hiding in plain sight:

1. Owners of the casino - always winning in the long run because they run the casino.
2. Investors of the casino - again winning in the long run because their money is at stake on the casino.
3. Employees of the casino - come on, do I need to explain this? They work there.
4. Affiliate partners of the casino - work that out yourself, wont you?

So if you want to make money from gambling be one of these people. Write a book on gambling while never gambling yourself - you get rich while the readers get poor, its simple.

[Rating Place]

I know a few people that make a living sports gambling. If you couldn't beat sports gambling, then books wouldn't ban players. Books ban players, because players can beat them.

Yeah. It's definitely possible, but it's extremely difficult and only a couple of pros manage to do it for a while until the sites catch on and just limit them in order to save their businesses from going kaput.

Sportsbetting and poker are some of the best ways to accomplish this. Card counting was another viable way in the past, but it's not really useful anymore these days.

you make a good point on poker, I forgot about that.

Poker- can make a living.
Sports- can make a living.
Casino- entertainment only.

[Zoomic]

If we check all those whom we assume earn a living from gambling, you will find out that they are not only into gambling. They have other online investments and other things they do to make money. But because they project themselves as gamblers and we can't really see what they do aside gambling.

Do not be misled, no one relies on gambling alone as a source of income. Doing this will ruin your finances and leave you miserable. If you must be an active gambler, create time for other things that will fetch you money. Have a gambling budget and gamble responsibly.

[iv4n]

First, let’s consider if it is indeed possible to make gambling a primary source of income.

And how much are you willing to invest in it? Let's be clear, you can't make money without money. So if you want gambling to be your main source of income, you need to have a very nice bankroll, big enough to withstand some bumps... and even pro players who play for big money have their bad days.

The specific question is how much money someone wants to make on a weekly/monthly basis... if we take for example someone who wants to earn $1000-$2000 from sports betting and poker what would be a desirable starting bankroll? $10k-$20k or more?

[stompix]

Let's ignore the obvious AI written topic, two things:
- I know three tipsters that over the past 5 years have proven to have positive balances with public bets
-Taking only my horse racing bets not other spots I have been in the green for any of the last 7 years

That being said, despite having obvious data of this ending in a profit in the long run,  I would probably never risk the sums large enough to make this a side income or even pay for the weekend outspending, as it's not a matter of winning 2x/3x compared to your wager but a 5% compared to your bankroll a month.

So, it's possible, but unless you have the time the funds ,and the control, stay away from it, and even with those, the returns are not what some envision.

[Kemarit]

I don't know but for me this is not even debatable, and if there are someone who are in the green as far as their gambling activity, then they could be that 1%. But for the most part, that's why casinos thrived as a business because there are a lot of gamblers who are losing money and then becoming addicted to it.

Although I have this person, he is obvious older than me and he already pass away, but when he is alive I heard news about how good he is in sports betting and that this is his primary source of income and he had his sons finishes school because of gambling. Not sure it this is true or not, but this is the story that I heard when I was still a boy.