Exploring the Viability of Gambling as a Main Source of Income

[khaled0111]

They don't get it because they think that gambling should only be viewed as a fun activity which is completely untrue. There are proper ways to earn good money cleverly through some forms of gambling like sportsbetting, but it's still a difficult task.

Thinking of gambling as a fun activity is what responsible gambling is all about. It’s not about how you, or any one else, view it. It’s about what it’s supposed to be. If you think of it that way, you will avoid losing more than what you can afford and you will reduce the risk of becoming an addict.

I agree that sports experts have a better chance of winning, but that doesn't guarantee they will always be profitable, as the results still depend on luck, although to a lesser extent than in other games.

[Queentoshi]

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

In the end, while it might be possible for a small number of people to earn money through gambling, it's risky for the majority. Relying on it as a main source of income can lead to big losses.

 If you don’t know what you’re doing, the odds are always going to be against you even if you start with a win at first attempt.

[avp2306]

They don't get it because they think that gambling should only be viewed as a fun activity which is completely untrue. There are proper ways to earn good money cleverly through some forms of gambling like sportsbetting, but it's still a difficult task.

Thinking of gambling as a fun activity is what responsible gambling is all about. It’s not about how you, or any one else, view it. It’s about what it’s supposed to be. If you think of it that way, you will avoid losing more than what you can afford and you will reduce the risk of becoming an addict.

I agree that sports experts have a better chance of winning, but that doesn't guarantee they will always be profitable, as the results still depend on luck, although to a lesser extent than in other games.

I think people should read this article https://www.unlv.edu/news/article/what-responsible-gambling-interview-jennifer-shatley about difference of responsible gambling and problematic gambling.

For sure it will change those personal views of people towards how they should deal their gambling activities and maybe it can correct all those wrong assumptions in their mind since it has good explanation about that situation.

Even how good you are in the field there's no guarantee on everything on gambling. Since there are result that doesn't come out base on what we expect that's why there's really no way for people to earn a living if they are just betting on those casino games or sports team they like.

[suzanne5223]

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

In the end, while it might be possible for a small number of people to earn money through gambling, it's risky for the majority. Relying on it as a main source of income can lead to big losses.

 If you don’t know what you’re doing, the odds are always going to be against you even if you start with a win at first attempt.

The result of this topic is that one should study what s/he is good at and what works for him/her because one man's food is another man's poison.
I know some people who are making a living out of gambling and despite knowing them I never imitate their potential what I did is focus on my path because imitation always leads to limitation or something worse.

[GideonGono]

As a gambler I think it would be really hard to do, just imagine what would happen when you lose all of your capital? how would you make it work or continue?
We all know that gambling wouldn't always be profitable, so making it as a main source of income as a gambler would seems to be impossible, but if you would be the casino owner or even just an investor then it would be possible.

[blockman]

In the end, while it might be possible for a small number of people to earn money through gambling, it's risky for the majority. Relying on it as a main source of income can lead to big losses.

 If you don’t know what you’re doing, the odds are always going to be against you even if you start with a win at first attempt.

It's the same with people that are investing in the wrong things and assets. They probably have an idea of what they do but that just stops there. They don't know the whole thing and thinks that they are on the right path because it will generate them money. So, with gambling looking at it as a main source of income, you either own some lottery town hall or casino itself where gamblers come and flock your establishment and you'd surely rake profits from there. But if casually betting and you're hoping for it will change your life, we do not have the same luck as the others reportedly made their fortune through gambling.

[Alphakilo]

Looking forward to hearing your views!

Just like any other venture in on life, it successes depends on the type of principle that are added and removed when going to it. Gambling as a main source of income can be achieved if there are small goals that are achieved.

The wins of these people are very oxidative proof that they re be done by others. It can change your life when you get to experience your goal. Think about being the first to own a sports betting consultancy.

[liuka]

I answered no.
I have experienced it myself because targeting income from gambling will end in poverty.
Believe it or not that's what I experienced.
I play gambling in one week usually 4 days, I make several deposits on the same day in the hope that I can win but on the one hand after doing it for almost 2 months my savings balance becomes zero.

For me, gambling was initially fun, and over time targeting victory in big bets. And in a matter of months it will change your perception to make gambling your income, of course that is a big mistake that must be thought about from the start before addiction covers your feelings.

[danherbias07]

Yes and No. It will all depend individually.

A gambler is prone to addiction because gambling is highly addictive especially if you are on a winning streak which most gambling sites use as a strategy to keep their patrons and so they will play more and with higher amounts next time. It happens mostly in casino games either original games or slots. There's no making money there, you will just cry at the end of the day.

In sports gambling, I believe there's a chance to make money but it requires strict discipline. You cannot be emotional with the results and you cannot be a fan of teams just because they play entertaining than the other team. This is where I fail the most because I usually fall in love with teams that have superstars that are entertaining to watch and mistakes in betting will happen as my emotion is winning than my analysis.

My suggestion is never to make it as a source of income. Play the game, enjoy betting, and try to win every bet, but never look beyond it because it might result in financial chaos.

[dansus021]

Exploring the Viability of Gambling as a Main Source of Income

How many times I saw this kind of thread that has a similar sound. Exploring gambling as main source of income and the answer or my answer is still No you never make gamble as source of income but if you are some wizard or always had luck when playing games then you can make gambling as source of income or you the owner of the casino this business seems profitable



It is a profitable business

You can make a living from the gambling money when you hit jackpot let say 1 million dollar reinvest it in some profitable business or put it on something like a dividend stock  from there you can live without work and technically that is gambling money hahah

[coin-investor]

Exploring the Viability of Gambling as a Main Source of Income

How many times I saw this kind of thread that has a similar sound. Exploring gambling as main source of income and the answer or my answer is still No you never make gamble as source of income but if you are some wizard or always had luck when playing games then you can make gambling as source of income or you the owner of the casino this business seems profitable

This is the topic that will never grow old. its embedded in the gamblers' system that they can make money from gambling.
They have seen it in other gamblers; they have experienced how they double their bets; all they have to do is double or extend their consistency, and they can make money from gambling.
Gamblers are good at making a fool in themselves; I can liken them to a friend who loves to drink who will keep telling us that he has not yet drunk after too many drinks, even though he is already rolling on the floor. 

[Docnaster]

Exploring the Viability of Gambling as a Main Source of Income

How many times I saw this kind of thread that has a similar sound. Exploring gambling as main source of income and the answer or my answer is still No you never make gamble as source of income but if you are some wizard or always had luck when playing games then you can make gambling as source of income or you the owner of the casino this business seems profitable

I was about saying same thing you said before I saw your post. We've seen other thread that very similar to this very thread either in gambling board or in gambling discussions board. That said,  I think making gambling as a major source of income is tantamount to destroying one's self. Gambling like I've always maintained is best engaged in when you see it as fun activity instead of a main source of income and my opinion is borne out of my personal experience in gambling. It's one thing to be lucky and win a huge sum of money that's capable of positively improving your financial status quo but I think it's even more difficult to be that lucky when you're seeing gambling as a major source of income. Engaging in gambling with the hope of making a living out of your proceeds from it is very likely to lead you to becoming a gambling addict and we all know the effect of gambling addiction.

[o48o]

-cut-
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!

Small percentage of gamblers win a lottery jackpot as well and live with that money rest of their lives. This doesn't make lottery a viable strategy.

I feel that maybe poker as a gambling is one way to make a viable career, but it's not for everyone, no matter how skilled you are. Because to win with poker, you need a worse players then you are to be a winner, and often they have to be unlucky too.

If there would be a viable strategy to win, it wouldn't be called gambling, and there would be no casinos hosting that game. The whole idea of casinos is to make profit, and if there would be a way to beat the casino on their game in a long run, why would they allow it? It would be just bad business.

[bSpend]

-cut-
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!

Small percentage of gamblers win a lottery jackpot as well and live with that money rest of their lives. This doesn't make lottery a viable strategy.

I feel that maybe poker as a gambling is one way to make a viable career, but it's not for everyone, no matter how skilled you are. Because to win with poker, you need a worse players then you are to be a winner, and often they have to be unlucky too.

If there would be a viable strategy to win, it wouldn't be called gambling, and there would be no casinos hosting that game. The whole idea of casinos is to make profit, and if there would be a way to beat the casino on their game in a long run, why would they allow it? It would be just bad business.

However we try to look at this, gambling should never be treated as a means of livelihood or source of income for one to live and depend on, I don't know how to play poker and neither do I have any idea what the mechanics behind the game is, but then, as long as its a gambling game, one should not rely on it or treat it as a career simply because it's a game that has to do with the player's skill.

Many who are problem gamblers today are those who were gambling for the wrong reasons some time back, it is important we all understand what gambling is meant for and gamble for that reason alone without trying to change it.

[TheUltraElite]

The hidden idea that one can make money doing nothing just playing with some slot reels or rolling the dice is very satisfying to most of the people. We are born to be lazy and that is something we must all move away from. But this is also why this idea is deeply embedded in our minds that gambling can make us rich.

Of course it makes the casino owners and employees rich but at the cost of the player. If you want to make money, be a part of the casino and not play on it.

Otherwise the math is made in a manner that the long term game is a loss for the player.

[Fivestar4everMVP]

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

In the end, while it might be possible for a small number of people to earn money through gambling, it's risky for the majority. Relying on it as a main source of income can lead to big losses.

 If you don’t know what you’re doing, the odds are always going to be against you even if you start with a win at first attempt.

I can't even wrap my head around the possibility of someone making gambling their Primary source of income, I mean I do know a few guys here in my area who are into gambling seriously, that is, they gamble like it's the only thing they do for a living, but having been close to them, I know they were hand work men, that is, one of them is a tiler, another an electrician, while there is a carpenter and others, they only spend their time gambling on days and weeks they have no work.

From my own personal experience from gambling, it sometimes take me several days of even weeks before I can win amount that is withdrawable from a casino, now, assume as a man with family, (a wife and three kids) gambling is my main source of income, is it possible to really feed and take care of my family from earning like that??

[maydna]

Making money from gambling is a dream for many people but they don't realize that will not easy. You need to spend money to earn money but that will not guarantee you to win the money. So when you try so hard to win, you must think that you can spend larger amount of money before you win but the chance to win still low.

Gambling can be a main source for some people but not for most of them so you don't have to try hard playing gambling. Just take your free time to gambling and enjoy the games and let the win come to you. If you can not win this time, you can try again in the next days but don't spend too much money if you can not afford to see the bigger lose.

You need to realize the risk behind of gambling so you don't use too much money in gambling. If you can think clear about gambling, you do not want to see the bigger lose because you will control of yourself.

[YOSHIE]

Exploring the Viability of Gambling as a Main Source of Income

I have long been in the world of gambling and I have played in various types of games and I have tried several online casino sites or land casinos what I want to say from my experience in playing gambling 'can't gambling is made a wealth or the main income in my life' is a fact.

I have thought about it, the reason "money is at betting" the main goal to make more money and gambling is the main nature of "game" meaning that the game is losing and winning, even though we are an expert in the game So gambling is not to be used as main reasons for income, there are risks that we never know when we lose our money.

We should be able to distinguish work to generate the main income from gambling/games, for now I have not found a professional and great gambler Gambling as the main source of income, talking about winning and losing is common, but it is not a real income, there is when you're lucky and unlucky.

[leonair]

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.

I have also heard that many gamblers support their families with gambling money. But I don't know how possible it is. Because no one can ever make passive income from gambling. And it is impossible to run a family normally without passive income. no one can earn a regular income from gambling, so a person who tries to manage a family with that income from gambling will undoubtedly face great danger. And he can never be financially strong, if he specially not win a big jackpot and then stop gambling

[TheUltraElite]

I have also heard that many gamblers support their families with gambling money.

I think if you delve deeper into their lives you will find out that gambling is not their main source of money or that they have been churning out a bunch of lies for some other purpose.

Most people who do this type of narrative are trying to get people to join under their referral link so they can reap from your deposits. If you get enough it might be enough to pay for the bills and it is a good method of passive earning. Just like I said in my previous post, they make money by being a part of the casino not as a player of the casino.

That is why it is important to have the maturity to look at both sides of the story and not accept everything at face value.