Can gambling Ever Be a sustainable income source or just Entertainment.

[Gozie51]

NOTE: anyone that depend on gambling as their main source of income will face risk, depression, frustration and financial losses, there's no professional gamblers, just have deep knowledge and accept that losses are going to happen sometimes.

There are some gamblers that I know who have now resolved that gambling isn't for a stable source of incom because they have had ups and downs after initial believe that they can totally rely on it as they were having winning streak when they discovered a new strategy. There is something about gambling that should be understood and that is, there is no perfect strategy, every strategy has a time of failure and winning, so we don't have to believe we just have gambling as the only source of income, there are losing times and winning times.

[Bitcoin Smith]

People can see gambling as whatever they want it to be but if they make it as ther only source of income then they will be losing their mind sooner or later once their luck rans out. I had seen people who gamble aggressively but they are sane enough to understand that they still need to work and use their salary to gamble only to lose it with the hope of getting rich.

[lodocus]

Trying to turn gambling into a regular income is, in my opinion, the same as trying to make a living by searching for money on the street every day. Winning enough money from gambling to change your life is probably about as likely as searching for money outside, because both are things with very low odds, but not “impossible.”

Gambling is definitely a form of entertainment and should remain so. If you invest more interest in it than your financial situation allows, gambling will put you under immense pressure, and no matter how successful a gambler you think you are, it will eventually lead you to bankruptcy.

[Text]

for me gambling should only be treated as entertainment similar to paying for a movie or a game. You spend money for the experience but you should already accept the possibility of losing it if someone starts chasing losses or relying on gambling as their main income it can easily lead to stress, financial problem & even addiction.

[Wapfika]

People can see gambling as whatever they want it to be but if they make it as ther only source of income then they will be losing their mind sooner or later once their luck rans out. I had seen people who gamble aggressively but they are sane enough to understand that they still need to work and use their salary to gamble only to lose it with the hope of getting rich.

It should be just a source of entertainment. Your mind will create different perspective especially if you start experiencing profit that it can be used as source of income or additional income.

Giving gambling a fixed distinction will help gambler to stay focus about their real intention when gambling regardless if they win or lose.

Most gambler knew they are just having fun at first but their thoughts start to change if they start winning.

[Chibit01]

Only lazy people that has no real plan for the future will believe that they can use gambling to earn a living. It's impossible to depend solely on gambling because it's a game of luck and you cannot be winning every day. How will you take care of your monthly expenses and basic needs. That person is only gambling with his future by wasting his time with gambling.

Are there really people who just depends on game of probability as means to earn a living in this life? If such people exist they will really have a lot to explain to their unborn children and future generations to come as to why they did not make it in life and they will take responsibility of their own actions instead they will blame their government for not providing opportunities for them, while on the other hand they wasted their life hoping to becoming rich over night from something which only few out of few have been able to make it out with profit.

[jcojci]

Gambling only for entertainment. If people trying, they need to be ready with the losing.

The risks is like what @OP mention. The worst can trigger someone to commit suicide if they can't resists. Although gambling is one of the source of entertainment but you don't have to gamble very often.

We don't know if there is professional gamblers, maybe it is there or no but we should not try to be like them. There will be many things that we should prepare and that is not easy to use gambling as a sustainable income source.

[Pi-network314159]

Gambling is just what we do when we have free time to try luck, and if possibly it happens that we win, it's our luck. but if we lose we also bearThe pain or face the consequences of our actions.  Gambling as the name implies is taking risk and in the cost of taking this risk we don't have to do it in a way it will affect us that much. Let's say making it a source of income. There may be people who take calculated risk and win, making it their source of income but the risk is very high. And I will not advice anyone to make it a source of income.

[Slow death]

Gambling should always be viewed purely as entertainment, similar to watching a movie or going to a football game on the beach. This has been proven over many years. Hundreds of people have tried to make money through gambling and failed, so it's not something that hasn't been tested by many people. If anyone tries it for themselves, they will see that in the long run they will incur losses, not profits.

This shows that gambling is not something to be seen as a way to make money, because people will not make money in the long run; they will incur losses. There are few cases of people who have managed to make money through gambling.

And note that if a person decides to play a game of chance that depends on luck, then the probability of winning consistently becomes very low. If it's sports betting, the probability of winning will depend on the person's skills.

[Obim34]

People can see gambling as whatever they want it to be but if they make it as ther only source of income then they will be losing their mind sooner or later once their luck rans out. I had seen people who gamble aggressively but they are sane enough to understand that they still need to work and use their salary to gamble only to lose it with the hope of getting rich.

Better to see gambling as whatever you think but not as a source of income, not even one side of income. You can call profits from gambling as extra cash and not any source of income. If you assume gambling to be part of your sources of income, it means you have to deposit in ways for you to make gains out of it, the attitude and urge becomes uncontrollable when you add gambling as a source of your income, the motive should basically be for entertainment, when luck happens you make extra cash.

[iv4n]

NOTE: anyone that depend on gambling as their main source of income will face risk, depression, frustration and financial losses, there's no professional gamblers, just have deep knowledge and accept that losses are going to happen sometimes.

Reading this, I can't help thinking about love & relationships... There are all kinds of risks, frustration, emotional swings, and should I even talk about the financial cost of having a nice woman and taking care of her needs?  Yet we still choose to play that game as well...

Accept that life, like gambling, is full of ups & downs...  

[Sammye3]

It is beginning to feel so irritating how questions like this emerge when there is an obvious answer. In this forum, it has being talked about several times about the dangers of gambling and how it has destroyed the lives of many so why this question?

Gambling should never be taken as a sustainable source of income because it is unreliable and not controlled by physical factors. It gives a little sense of hope but the situation is always the more you play, the higher the possibility of more losses so why would one take it as a sustainable income?

It can be done for entertainment purposes and a side hustle that gives dispensable income for little inexpensive necessities.

[Muba20]

Trying to turn gambling into a regular income is, in my opinion, the same as trying to make a living by searching for money on the street every day. Winning enough money from gambling to change your life is probably about as likely as searching for money outside, because both are things with very low odds, but not “impossible.”

Gambling is definitely a form of entertainment and should remain so. If you invest more interest in it than your financial situation allows, gambling will put you under immense pressure, and no matter how successful a gambler you think you are, it will eventually lead you to bankruptcy.

Gambling should not be considered a regular source of income because it can never provide regular win for gambler. Gambling can improve the quality of life of people if they are lucky and the number of lucky people is certainly not very large. Someone can suddenly get lucky and earn a lot of money but he will not be able to earn regularly from gambling. If gambling is taken as entertainment, even if there is a minor loss, it is acceptable, but if it is considered as a source of income, it can cause Irrecoverable loss. Gamblers should prioritize entertainment over money.

[TedMosby]

I will try to answer this based on stats. Based on the data that I read, I found that only 4% of online gamblers (online sports betting, online casino, daily fantasy sports, etc.) can make money in the long term.

Another data source says that only 13.5% of players are able to win in the casino. Even professional sports bettors only sustain a winning rate of about 53–54% in the long term.

With this data, I think the main purpose of gambling is not about making money, but about entertainment. These stats look worse than trading stats. According to the source I read, about 10%–30% of traders are profitable over the long term.


Source:
https://gamblingharm.org/most-online-gamblers-lose-study/
https://statistics.casino/
https://professionalgambler.org/winning-percentages/
https://www.fxstreet.com/education/why-do-most-retail-traders-fail-and-what-can-i-do-to-improve-my-chances-of-success-202503311406%F0%9F%91%80

[aioc]

Many people believe that they can survive through gambling and make it their source main source of income,

As long as many hold to that belief, casinos will continue to make profits and thrive; in fact, many casinos pay influencers to promote their platform as a way to make money, and they are tempting new users with bonuses and giveaways.

Nobody successfully makes an income from gambling; many have tried, but all of them failed. It looked tempting to try gambling because of the potential for winning, but these potential winnings are elusive. You will have to lose a lot of money before you realize that you cannot win against casinos.
 

[nara1892]

"Just for fun," and nothing more, I think everyone should already know the reason. Anything that relies on probability can never be a source of income. This is a fact, and many have proven that in the long run, they actually lose more money than they gain.
I believe one reason why there's the idea of ​​"gambling for income" is because the goal is to win money. But in reality, it's not like that. Winnings in gambling are like a fishing rod to attract people's attention and lure them in.

[Fortify]

Many people believe that they can survive through gambling and make it their source main source of income, the truth is that gambling doesn't guarantee steady income because the outcome most times depend on luck and probability, casinos and betting platform design the games in way that it will favour the house in the long run, this shows that even if gamblers win today, they still have high chances of losing later, because of this, many people see gambling as entertainment, something that one can do for fun with the money  one can afford to loss, and when one begin to depend on gambling to pay bills, feed family, or to survive, the pressure can make the person take more dangerous risks, chase losses, and end up losing more money.

NOTE: anyone that depend on gambling as their main source of income will face risk, depression, frustration and financial losses, there's no professional gamblers, just have deep knowledge and accept that losses are going to happen sometimes.

It's not hard to determine whether it's possible to be a profitable long term gambler, based on how many people you see sustaining themselves successfully. The evidence is generally zero, at least from all the casino games that have a clear house advantage. The exceptions are poker players who can become capable of earning a living from it in different ways, both from playing from home and also from live tournament or cash games. Your last note is a bit pointless as well if you're treating it as a career, because you should have built up a professional strategy to manage those emotions.

[coin-investor]

That's every gambler's dream, but it becomes a nightmare if you try to do that because it's not even possible. That was my mindset when I was a newbie, until I realised I couldn't make it a source of income, but I found it easy if I treated it as entertainment.
So, gambling should be treated as an entertainment. There was a time when I won a lot, treating it as entertainment because there was no pressure to win.

[Joy_learns_crypto]

If you can see the growing population of gambling addicts, you will understand why gambling should remain as a source of entertainment.

Because once you go beyond that and start seeing it as a replacement of your job, as something that can put food on the table, can pay your bills and can educate your children, then you are accepting the challenge that sooner or later your life will never be this peaceful and calm, healthy and productive.

Gambling will never provide us a sustainable income, but it can quickly sweep away all our savings and lose them all because of gambling addiction.

Gambling is for fun and it is a source of entertainment this is what gambling is. I don’t think gambling is a source of entertainment or fun to me because of the growing population of addicts, gambling is fun because it entertains me.
Gambling is not a source of income and will not sustain anyone taking gambling as a business or investment. It may not always sweep away all your savings because it can give you twice your savings but the uncertainty makes it an unsustainable business.

[SmartGold01]

I usually think how people has so much become that comfortable with gambling to an extent where they would know have to depends on gambling for a sustainable income where they are not even sure of what they would be winning from the gambling activities they are doing. We shouldn't be that naïve and Nefarious just wanting to make it through gambling without knowing that things may not worked as we planned it because gambling is not a game of certainties but something that depends on luck or probability to hit winning. If that gambling is something that is too much reliable where someone winning is sure about what is going come out and or maybe the outcome of the game then we can say it is good to depends on gambling for income.