Don’t treat gambling like a job or you might end up losing your real one..

[viljy]

A lot of people say that to succeed in gambling, you need to take it seriously. Build a strategy, be consistent, and treat it with discipline. Let’s focus on sports betting for example, since it's one of the most popular forms and many believe it’s the most "winnable" because there's no house edge. That means long-term profit is possible.

If you look at the math, hitting around 53% win rate with proper bankroll management can already make you profitable.

Let’s say your goal is to earn $100k in a year. If you start with a $100k bankroll and double it through consistent bets, then technically, you’ve already hit your target. No need to clock in or out, just stay at home, do your research, place your bets, and enjoy your freedom.

Of course, many people don’t believe in this mindset. For them, gambling is just entertainment, and those who take it too seriously are bound to lose in the end. But not everyone agrees with that, and some have actually made it work.

Some people win jackpots. Does this somehow refute the fact that the casino has an advantage in the long run? No, it doesn't refute it. Similarly, the example of some individual successful bettors does not mean that betting is a profession with a guaranteed income, moreover, "if 53%", "if $100,000"... There are too many conventions for professional activity.

But if you bet this $100,000 on roulette, you can win 3.5 million, which is $300,000 more than the winnings on bets in 5 years of betting, provided the bankroll doubles annually. With a 53% chance of winning, the chance of doubling the bankroll annually for 5 consecutive years is 4.18%. The chance of winning at roulette is 2.77% at once. This 1.41% chance difference is worth 5 years and minus $300,000. So which is dumber? It's probably less stupid to play roulette than to spend 5 years of your life instead of a normal job on a "job" with a 4.18% chance of getting a "salary" after 5 years.

[348Judah]

A lot of people say that to succeed in gambling, you need to take it seriously. Build a strategy, be consistent, and treat it with discipline. Let’s focus on sports betting for example, since it's one of the most popular forms and many believe it’s the most "winnable" because there's no house edge. That means long-term profit is possible.

We must not follow by what every other person is paying concerning gambling, because not all of them are good enough for us to take, it may applies to them, but not necessarily on us the same way, we can applied all the above mentioned ethics in gambling, i doubt if there is a long term profits in playing sport bets, because in gambling generally, you are more likely opened to loosing the more than winning a bet, which disqualifies long term profitability, except by chance of winning big and this is not common to gamblers.

[summonerrk]

A lot of people say that to succeed in gambling, you need to take it seriously. Build a strategy, be consistent, and treat it with discipline. Let’s focus on sports betting for example, since it's one of the most popular forms and many believe it’s the most "winnable" because there's no house edge. That means long-term profit is possible.

If you look at the math, hitting around 53% win rate with proper bankroll management can already make you profitable.

Let’s say your goal is to earn $100k in a year. If you start with a $100k bankroll and double it through consistent bets, then technically, you’ve already hit your target. No need to clock in or out, just stay at home, do your research, place your bets, and enjoy your freedom.

Of course, many people don’t believe in this mindset. For them, gambling is just entertainment, and those who take it too seriously are bound to lose in the end. But not everyone agrees with that, and some have actually made it work.

But doubling any deposit within a year is a virtually impossible task. The best traders and asset managers set the maximum profit in dollars at a maximum of 30 percent, and that's a lot! And in gambling, where luck has a huge influence, few can be sure that at the end of the year they will receive 30 percent of the balance, not to mention one hundred percent. If everything were so easy, then everyone would sell their apartments and go into gambling, hoping that in a year they will already have two apartments.

[danherbias07]

Some. I think it's just a very low percentage of gamblers.

We all agree that gambling can just make us lose in the long run, and I think it's been said over and over because most gamblers have experienced those occasions. For me, not taking it seriously is much better, and it's supposed to be like that. Put a little bit of money in sports and then enjoy watching the game.

I do believe there are those who did good in gambling, especially in sports, but there's no assurance in doing that. It will take a lot of time and effort analyzing games, and then it's still not a 100 percent accurate prediction.

[Dr.Bitcoin_Strange]

In my opinion, if a gambler or a bettor can actually be in control of their gambling behavior in a good disciplined manner, then they are free to take gambling serious but what I don't support is handling gambling as a real job.

There's this old thread that someone created where he asked; "do gamblers easily get angry" From the line of that story that OP told in that thread, it was about a man that had an important appointment somewhere (maybe work) but because of his addiction to gambling, he first of, visited the betting shop and spent all his money before he realized that he needed some money to go for an important program, so he started begging people around there for money.

I am using that example because some people take gambling very serious and they even take it more serious than their real job (which is very bad because they lack discipline and self control). Another example I want to give was the situation of a gambler that was gambling while in his work place and he was terminated from the job.  

In conclusion, don't take gambling so serious if you can not handle it, else it might even cause the person to lose their job or go bankrupt.

[mindrust]

That’s a very wise advice. Sadly though most people think they can escape the rat race if they hit the jackpot only once. They don’t realize wealth should be built slowly and carefully. If you are not happy with your income and your current status in life, gambling won’t solve any of those issues. In fact, it will make everything worse if you get addicted to it. If you search the cause of the problem in a wrong place, the answer you’ll get will be wrong also.

That doesn’t necessarily mean you shouldn’t gamble at all though. You can still gamble if you are not filthy rich but set your expectations correctly. Don’t chase dreams because there is none here.

Fun? There is plenty.

Stay safe.

[masulum]

-snip-

In my villages, this is precisely what happens. Cockfighting is the most common gambling here. They prefer to use their winnings to buy roosters, rather than using it for other purposes. This happens because they currently do not have other jobs besides gambling. even for those who have jobs, are not with high incomes. They could be street vendors, drivers, etc. There are many cases of divorce because of economic condition.

[Doan9269]

A lot of people say that to succeed in gambling, you need to take it seriously. Build a strategy, be consistent, and treat it with discipline. Let’s focus on sports betting for example, since it's one of the most popular forms and many believe it’s the most "winnable" because there's no house edge. That means long-term profit is possible.

What applies to a gambler does not have to be the same on everyone, we should not take gambling as a job, except we want to deceive our self, but if we receive an opportunity of working under a gambling platform, that is more better than gambling to earn a living, because we don't easily win abet like that, it is more easier and faster to lose than for us to win a bet as we gamble, there could be much of being disappointed than meeting up with the games we play in gambling.

[bitLeap]

Have you applied such gambling principles and got the results you deserve? No matter if the focus of betting all day seems to enjoy freedom but the pressure to win continues to haunt. How can we overcome opportunities that are completely unpredictable? Put aside the house edge because even if they lose, they still win.

[Oshosondy]

We must not follow by what every other person is paying concerning gambling, because not all of them are good enough for us to take, it may applies to them, but not necessarily on us the same way, we can applied all the above mentioned ethics in gambling, i doubt if there is a long term profits in playing sport bets, because in gambling generally, you are more likely opened to loosing the more than winning a bet, which disqualifies long term profitability, except by chance of winning big and this is not common to gamblers.

There is no long term profit in gambling just as you have mentioned, but also some people start with short term losses. But people that are lucky to make money from gambling should just quit for that time but he should know that me may lose the money at anytime. Gambling is designed for gamblers to lose money.

-snip-

In my villages, this is precisely what happens. Cockfighting is the most common gambling here. They prefer to use their winnings to buy roosters, rather than using it for other purposes. This happens because they currently do not have other jobs besides gambling. even for those who have jobs, are not with high incomes. They could be street vendors, drivers, etc. There are many cases of divorce because of economic condition.

I do not believe what you said about divorce. High rate of divorce is common in those well developed countries, because the government gives the woman high privilege to be able not to be dependent on their husband. You can see that in countries like Belgium and many other well developed European countries and United States.

[lovesmayfamilis]

Why do I think that the OP himself does not live by this strategy? I think that those whose bankroll is a figure with five zeros are unlikely to hang out on this forum at all, discussing some strategies. The only thing I agree with is that there are people who are very skilled in betting on sports and that these skills can be improved to create some personal strategy, but for betting to be a way of earning money is very doubtful for me. Maybe I judge by myself since my experience says the opposite: strategies do not work stably.

[Ziskinberg]

Why do I think that the OP himself does not live by this strategy? I think that those whose bankroll is a figure with five zeros are unlikely to hang out on this forum at all, discussing some strategies. The only thing I agree with is that there are people who are very skilled in betting on sports and that these skills can be improved to create some personal strategy, but for betting to be a way of earning money is very doubtful for me. Maybe I judge by myself since my experience says the opposite: strategies do not work stably.

Just to be clear, this is only a discussion, it’s not necessarily about my personal situation. Honestly, I can’t afford to start with a $100k bankroll for sports betting.

I just enjoy reading your thoughts on how you treat gambling, whether you take it seriously or see it as pure fun. We all have different views, and that’s okay. What matters is we can learn something here whether we stick with our current beliefs or change our perspective if someone makes a convincing point.

[peter0425]

A lot of people say that to succeed in gambling, you need to take it seriously. Build a strategy, be consistent, and treat it with discipline. Let’s focus on sports betting for example, since it's one of the most popular forms and many believe it’s the most "winnable" because there's no house edge. That means long-term profit is possible.

If you look at the math, hitting around 53% win rate with proper bankroll management can already make you profitable.

Let’s say your goal is to earn $100k in a year. If you start with a $100k bankroll and double it through consistent bets, then technically, you’ve already hit your target. No need to clock in or out, just stay at home, do your research, place your bets, and enjoy your freedom.

Of course, many people don’t believe in this mindset. For them, gambling is just entertainment, and those who take it too seriously are bound to lose in the end. But not everyone agrees with that, and some have actually made it work.

But doubling any deposit within a year is a virtually impossible task. The best traders and asset managers set the maximum profit in dollars at a maximum of 30 percent, and that's a lot! And in gambling, where luck has a huge influence, few can be sure that at the end of the year they will receive 30 percent of the balance, not to mention one hundred percent. If everything were so easy, then everyone would sell their apartments and go into gambling, hoping that in a year they will already have two apartments.

First you have to find where you will be getting that $100k for your bankroll. Not everyone has $100k on hand and the bank will never loan anyone that huge amount of money especially if you outright admit that you only plan on using it to bet.

It is possible but not many have done it because it is not something that can only be done by hard work. No matter how much effort you put in, you might never just double your bankroll.

[stadus]

There should be a condition.. . this isn’t something absolute.

Not everyone can treat gambling as a job unless they’re truly qualified. And by qualified, I mean someone who has both the skills and the bankroll to play at a serious level.

It’s not for everyone. It’s for exceptional gamblers who have already proven they can consistently make money. We can’t afford to fool ourselves or pretend we’re good enough, especially when real money is on the line, sometimes even large amounts, like the example in the OP.

[dimonstration]

Of course, many people don’t believe in this mindset. For them, gambling is just entertainment, and those who take it too seriously are bound to lose in the end. But not everyone agrees with that, and some have actually made it work.

It’s the worst job if someone does it as a job. Yes, it’s possible to win on some years but it’s a guaranteed loss in the long term if weigh in the house edge on the game.

Why not get a decent job instead of using gambling as job while it has risk to lose everything including both bankroll on previous profit.

It’s an everyday hassle to gamble with target profit just because it’s your main source of income.

[lionheart78]

Of course, many people don’t believe in this mindset. For them, gambling is just entertainment, and those who take it too seriously are bound to lose in the end. But not everyone agrees with that, and some have actually made it work.

I agree, every individual have their own opinion towards gambling.  I am neutral on this since I can not deny that there are people who are in a green that sees gambling as one way of getting some profit.  I do not agree though that gambling is a good way to get an income for a player since it isn't a job.  Math can't deny that due to the presence of the house edge, the possibility is not favorable to the players.

About the strategy and so on... if we talking about a chance-based gambling game, these things are not applicable.  Have you ever experienced winning in one instance and then losing in the next 3 instances?

Why do I think that the OP himself does not live by this strategy? I think that those whose bankroll is a figure with five zeros are unlikely to hang out on this forum at all, discussing some strategies. The only thing I agree with is that there are people who are very skilled in betting on sports and that these skills can be improved to create some personal strategy, but for betting to be a way of earning money is very doubtful for me. Maybe I judge by myself since my experience says the opposite: strategies do not work stably.

Indeed sports betting is very different because skill can be applied in this game.  and with a good set of skills to analyze the competing team, a gambler can be able to have a higher chance of predicting the right outcome.

[Agbamoni]

A lot of people say that to succeed in gambling, you need to take it seriously. Build a strategy, be consistent, and treat it with discipline. Let’s focus on sports betting for example, since it's one of the most popular forms and many believe it’s the most "winnable" because there's no house edge. That means long-term profit is possible.

Long term profit is possible but not guaranteed. That's why it's very important you don't treat it like a full time job.
Sports betting can be very profiting in a long run, when you can discipline yourselves. Also, remember that excessive bankroll can trigger addictions and impulsive gambling.

[Fivestar4everMVP]

A lot of people say that to succeed in gambling, you need to take it seriously. Build a strategy, be consistent, and treat it with discipline. Let’s focus on sports betting for example, since it's one of the most popular forms and many believe it’s the most "winnable" because there's no house edge. That means long-term profit is possible.

If you look at the math, hitting around 53% win rate with proper bankroll management can already make you profitable.

Let’s say your goal is to earn $100k in a year. If you start with a $100k bankroll and double it through consistent bets, then technically, you’ve already hit your target. No need to clock in or out, just stay at home, do your research, place your bets, and enjoy your freedom.

Of course, many people don’t believe in this mindset. For them, gambling is just entertainment, and those who take it too seriously are bound to lose in the end. But not everyone agrees with that, and some have actually made it work.

Well, sorry but I don't understand which side exactly you are on, and this is because the subject of this thread is saying one thing, but the actual message which is your post, is saying something else completely..

Are you now saying that we should treat gambling, most especially sports betting as a job? Simply because of the simple example you gave that made winning games look or seem so easy?
First off, how many of us here on this forum has a hundred thousand dollars to start sports betting with? With a goal of making $100k in profit every year, how many have tried this and how many are successful?
If I have $100k, there are several other good businesses I will invest the money in rather than sports betting bro.

[coin-investor]

Let’s say your goal is to earn $100k in a year. If you start with a $100k bankroll and double it through consistent bets, then technically, you’ve already hit your target. No need to clock in or out, just stay at home, do your research, place your bets, and enjoy your freedom.

We're using the word if here since there is no guarantee that you can double your bankroll, we are speculating that we can double our bankroll, gambling is not a business where there's a calculated risks and back up plan, we are just wishing that our plan of winning materialize in gambling, you make it looked easier when its not and its not going to be.

Of course, many people don’t believe in this mindset. For them, gambling is just entertainment, and those who take it too seriously are bound to lose in the end. But not everyone agrees with that, and some have actually made it work.

Because there's reason to believe and experts advise us to only gamble with money that we can afford to lose, have fun, and not expect to make a living from gambling, those who succeed in gambling are an exception. There's always a probability that they can lose everything.

[Sandra_hakeem]

For me, I think I'll be going way too far if I decided today that I'll be setting aside some money for my weekend games whatsoever.  It does nothing right to me but creates that little sense of entitlement -- that as long as I earn, I have to put in some money on my wallet..

Doing this alone for 6 months straight would mean losing a quarter of my earnings for 6 whole months! I've always wanted to ask - how do regular gamblers cope with it spending money every single day? Do they end up not having any savings due to overspending?
Gambling has not, and will never be a job!