Is gambling source of income?

[viljy]

More than 50% of the world population gamble in one sport or the other and some are making good money while some are still hoping and praying for their luck to shine.

Gambling is a source of income for the gambling industry. For gamblers, the source of income is mainly their wages from their place of work. Of course, there are exceptions; few gamblers can win big, but these are exceptions, not a mass phenomenon. If it were otherwise, the entire gambling industry would have gone bankrupt long ago.

[TopTort777]

Gambling is a source of income when someone is ready to lose money on a distance to rare profit. There are still casinos that have faucets, so why not consider it as a source of a tiny income? In addition, some casinos send emails with free crypto to redeem to make gambler return (even though he hasnt made a deposit) - an unstable income Some casinos have investment programs - deposit, take profit, maybe gamble from time to time. In all other outcomes, gambling isnt a source of income.

[Leahized]

More than 50% of the world population gamble in one sport or the other and some are making good money while some are still hoping and praying for their luck to shine.

No, gambling can never be a source of income.  If a person thinks gambling is the only source of income, then I would say his mentality has problems. However, more than 50 percent of the world's world can consider gambling and gambling as a source. However, even if many can make good money, everything can be seen once in calculation.  Losing money is much higher than that. That is why you should find alternative roads, not to make money by gambling.  Then it will be easy to make money in a halal way instead of losing a person and will be happy. It will not have any problems.

[bitbollo]

Yes but this is a source of income for 2-5% of players playing. I have mentioned many times that there is a bookmaker that is charging even 40% on each win...
But people are still gambling hard there! It's clear that they have a strong advantage (both in technology and insights).

If you are not able to compete with them, with proper software and / or expertise on a match, you will just lose money with gambling.
In this case I am talking only about sport gambling. With casino I am not expecting more than 1% of players to be in profit.

[Bitcoin_people]

There is a large population in the world, among which there are people involved in gambling in various ways. Especially in the present time, gambling platforms have gained a lot of popularity and many young people are getting more attention for gambling. There are some people who see gambling as their main source of income and basically they have become addicted to gambling. We know that gambling addiction is very bad and it puts a person in a state of mental distress. The way gambling platforms are currently promoting on social media, online casinos are becoming more popular and people's attention is more here. If this continues, the popularity of gambling will increase in every country in the world and it can cause a lot of harm for the next generation.

[Nahl]

People indeed can making money from gambling even some of them have experience won big amount of money or win the jackpot but the most problem is earn money from gambling cannot be steady because there are times when you are unlucky and lose money this condition make gambling cannot be used as source of income especially for the gamblers

But might be a little different to the casinos owner that they have a chance to make gambling as source of income because they can earn money from the players but build good reputation casino and gets loyal players also not easy especially currently the development of online casino is very rapid and for almost everyday we have seen there is new casino announced so it's hard to compete to with other competitor in this industry

[crwth]

That shouldn't be the case IMO. Unless you are a professional player, the majority of your net worth is in there. Some people are doing it just because they can, but I don't think it's a good idea. I might as well do it in trading. The unpredictability is hard to control, and the emotions that people experience make it even harder. It's a challenge.

[Outhue]

More than 50% of the world population gamble in one sport or the other and some are making good money while some are still hoping and praying for their luck to shine.

You can make it a source of income if you want but this is not for me, because I have learn to accept that gambling can't become my source of income, I can often make money through gambling, maybe once in a month or more but it's not a reliable way to make money, if you are looking for more than money making then you can get fun in return. I am not trying to scare you but it's a bad idea if you plan to make gambling your source of income, there is no way to know if you will be one of the lucky ones or the other but it's certain that losses will happen more often than winning.

[Knight Hider]

If you own the casino, sure!

[Zlantann]

More than 50% of the world population gamble in one sport or the other and some are making good money while some are still hoping and praying for their luck to shine.

It will not be easy to get the accurate number of gamblers in the world. But most of the statistics online pointed out that 26% of the world's population has gambled.

No doubt some people are making money from gambling but the population is few. Only a few people are lucky enough to hit the jackpot. The number of people who have experienced long losing streaks is far higher than people who have won big.  

It is better not to see gambling as a source of income because the outcomes are unpredictable.  

[Don Pedro Dinero]

More than 50% of the world population gamble in one sport or the other and some are making good money while some are still hoping and praying for their luck to shine.

It can be but as Charles-Tim has commented not even 5% of sports bettors are profitable long term. For those who are profitable, it is a source of income, which can be exclusive if they dedicate themselves solely to it, or an extra income, which is more common, if they have a job and sports betting is an addition, or they are professional sports bettors who have other streams of income such as YouTube channels, coaching, or others.

[BitGoba]

More than 50% of the world population gamble in one sport or the other and some are making good money while some are still hoping and praying for their luck to shine.

It's true that some people get lucky, but most lose more than they win. Relying on luck as a plan for income is not wise.

[Odohu]

More than 50% of the world population gamble in one sport or the other and some are making good money while some are still hoping and praying for their luck to shine.

I don't think we have up to 50% of the world's population as gamblers, I don't know how you arrive at such conclusion, maybe you can add a link to any research done in such area.

Gambling can be a source of income depending on which side of it you scale you fall into; if you own a casino or a shop, then you are have a guarantee that gambling can be a source of income. But if you are just a regular player, then there is no guarantee that gambling will be a source of income for you.

[TheUltraElite]

Gambling is a source of income for the casino, not the player. The few people who manage to win something big, may have already lost a lot more so the win does not really count as a win, not even a break even.

The casinos and its associated employees, investors and affiliates are running this like a 9x5 job and hence getting paid well.

So you can start building your own casino if you are willing to take the risk. The long term outcome is always good.

[Kelward]

More than 50% of the world population gamble in one sport or the other and some are making good money while some are still hoping and praying for their luck to shine.

I don't think that you have a verified statistics to prove what you said, neither do I but I seriously doubt that you are correct, I know that majority of the adults in the world don't gamble.

Anybody that takes gambling as a source of income will most likely become addicted to it because fact is that they have a higher chances of losing their money than winning. Gambling wins are by luck and it will be unreasonable for anybody to depend on it to take care of their financial responsibilities. Most people are not making profit in gambling, when they win they will continue to gamble and lose everything back to the casinos so it doesn't make any sense. The best mentality to gamble is to see it as fun, if you win take it but if you lose don't chase loses, move on them try another time.

[traderethereum]

I don't know with the percentage so I am not sure about it. It needs more research to know the exact percentage numbers of the world population gamble in one sport. We can only guess without knowing the truth.

Making money from gambling will be a dream for many people. They should realize that will not be easy achieving their goal because it will depend on their luck to win the match. While their luck will not always besides them. It is better they search for the other ways to make money.

[Solodoski]

Gambling is not a source of income and can never be one, because gambling is a game of luck and should only be played a fun or entertainment. Majority of people that gamble don't make money from it, so it can never be a source of income. You only get addicted to gambling if you see it as a source of income, because it make you play all the time without control,  hoping to win the next bet.
In 100% of gamblers, I can boldly say that it's less that 10% of them that really make money from it, so what happens to the remaining 90% of gamblers. You can argue that entrepreneurs take risk just like gamblers, so why can't it be a source of income.  We need to realize that an entrepreneur only take calculated risk which I think is not the same with gambling.

[Frankolala]

More than 50% of the world population gamble in one sport or the other and some are making good money while some are still hoping and praying for their luck to shine.

Gambling is for entertainment and not a business or a job. It's based on luck which makes the chance of you winning your bet very slim. If you need a source of income, you should go get a job to provide for your needs. Gambling will take the little that you have and if you continue chasing your losses, you might become addicted. However, a lot of gamblers think that gambling is a means to double their money.

[mindrust]

It can be, if you are the owner of the casino. If you are the player, very unlikely. Some players claim they make a living out of gambling as a player but that might be true for some people you gotta understand that not everyone can achieve this status because if they were able to do it, casinos would go bankrupt.

So instead of dreaming getting rich from gambling, you need to focus on your business/job and try to increase your income there. Make bets only to get relaxed.

If you have enough capital and dedication, you can try to start a casino business too but I assure you it won’t be easy.

[_act_]

It's true that some people get lucky, but most lose more than they win. Relying on luck as a plan for income is not wise.

Some people that won may even be lying. Some only do it for business, to get more people to subscribe with them and make money from them. The genuine ones that make money are very few while most gamblers are losing. Yes, to rely on luck in something that most people are losing is not wise at all. Gambling is not a means of making money, it is just for fun purposes.