Is Gambling A Side Hustle?

[Bitcoin_people]

There's something everyone should get straight,  for the fact that a thing is n9t workings for you doesn't meant that thing is not also working for the next person. That's simply leaving in Self denial i must say.
You can use a part to describe the whole when you have not seen the whole.  You can only s0eak for the part that you know of. So stop generalising the whole. There are actually people outthere who use gambling activities as a side hust and trust me they are cashing out real good in it.

When something is not working for others and it is working for you, you should understand that a time will come when it's not going to for you too so you need to be prepared for the same unfortunate time they are going through.
Gambling is not all about winning but the ability for you to watch and prepare yourself for the time when you may not be making profits like the way you have been making profits while everyone is rejoicing with you.

A lot of gamblers get carried away when they go through a winning streak, they think it's something they can always achieve constantly forgetting that they are just getting Lucky. Gambling and not thinking about the possibilities of losing is being delusional. As a gambler it's always important to mentally prepare for anything, you might end up losing at anytime that's why you must always stake responsibly.

Yes, most gamblers nowadays have such a mentality, especially when they can win some money, they change in various ways. Basically, they forget that they have won by luck but they are not satisfied with that win, but they become greedy for bigger wins and at some point they lose their money. Rather, responsible gamblers never make such changes and try to improve their mentality and try to control themselves. Those who basically do not really give much importance to gambling are the only responsible gamblers and they always maintain their sense of discipline and then play.

[Leahized]

No you can't make money from gambling, you should know it and if you don't know it I advise you to listen to my words very carefully.

If it were easy to earn everyone would do it, if we could all get rich the casinos would fail.
Just play for fun.

No, it might be your wrong idea. No one would enter a casino if there was no money to be made by gambling. But yes, always all gamblers fail to make money and many times they make wrong decisions. If disciplined and able to control oneself through sound decision making,Then it is possible to earn money even if it is a small amount. What you think is wrong. Because no one can ever get rich through gambling. It takes the form of high aspirations. Gambling is completely dependent on luck and risk.

[DrBeer]

People are saying here https://bitcointalk.org/index.php?topic=5576619.msg66535841#msg66535841 gambling is not a side hustle and that making me to create this thread. And I made a research in the internet and I saw many articles say that gambling is side hustle. How sports betting became Nigeria’s new side hustle
And from personal experience, I have seen gamblers saying that "if not gambling, they would died with starvation". Not necessarily that a gambler must win every day but they win once, twice or trice a week which they can use to buy food. And as for me anything you do to give you money once a while or regular and it is not your regular job is a side hustle. If this week is not good for you, it will goo foe another person and next week might be your turn.
In my research, I saw a social media post that,
....
Gambling is not a side hustle but gamblers are making money from it.
And another person Said,

bro, the fact is I am not greedy..
I lose sometimes, but the money I have won of far bigger than what I have lost…
I play maximum 5 odd with like 50k… if i see 80k sometimes 150k I cash out..

There are some days you would go out to hustle and after the work, you were not paid but you called it side hustle.

You can read this article. The third paragraph Yes, sports betting can be considered as a side hustle, And this How sports betting became a side hustle for many Nigerian youths
Listen to this YouTube Video. Sport Betting Is My Side Hustle and lot more.

You are not making money from gambling does not mean other are not cashing out. We have different luck in gambling. From all the examples I have shown. I want to know your experience and opinion if gambling is a side hustle or not. I need general opinion on the argument.

Gambling. It’s a GAME, first and foremost. If you’re playing for money and winning money, you can certainly view it as a way to earn extra income. BUT, given the mechanisms underlying these games (random events), I’d consider treasure hunting a better option for making extra money

[Orpichukwu]

Gambling can be a sideline if you are good enough at playing there especially those that use the ability to make predictions or play, but if you bet for luck and think that luck can be a sideline then it is a stupid decision, and you will be entangled by irrational expectations in gambling, understand that luck is not like the ability that can have a guarantee that the more your ability is good then the greater the chance of victory, while luck is not like that.

Even with luck I just don't think it's wise enough for me to consider gambling as another hustle. The effort put to make things work, even if it doesn't, is enough to call it a hustle, but as the winning can't be guaranteed, I just prefer putting it on the bonus kind of thing, a situation where you don't know when your office offers to pay you extra for your hard work or you get favoured by your manager. The tips' timing is not predictable; the same thing is applicable to gambling. Even with the skill, you just can't completely get it right.

[SatoPrincess]

Gambling itself is a game of luck so i don't understand how someone can be good enough at gambling without luck being attached to it. Generally, gambling is about luck; proceeds are not guaranteed in gambling so it will be ignorant of someone to make it a side hustle. A side hustle is a minor job that alternates one's major source of income so how will a sane person take gambling as a way to earn an income. Anyone who takes gambling as an alternative means to earn income, it means that he will likely go broke because he will be using money that came from the major source of income to fund gambling.

Some people believe sports gambling is based on skills but I believe it’s dependent on both skills and luck. Gambling should not be considered a side-hustle because of how unpredictable it is. We often say gamble responsibly but how can one do that when you’re gambling for rent/food.

[junder]

A lot of gamblers get carried away when they go through a winning streak, they think it's something they can always achieve constantly forgetting that they are just getting Lucky. Gambling and not thinking about the possibilities of losing is being delusional. As a gambler it's always important to mentally prepare for anything, you might end up losing at anytime that's why you must always stake responsibly.

That disappointment stems from the expectation of winning and yes, you’re right they tend to focus more on the potential win and forget that a loss is actually the more likely outcome. Given that winning is only occasional I think it makes sense to view gambling as a side income. But as a side job, I’m not so sure.

[Grace333]

Gambling itself is a game of luck so i don't understand how someone can be good enough at gambling without luck being attached to it. Generally, gambling is about luck; proceeds are not guaranteed in gambling so it will be ignorant of someone to make it a side hustle. A side hustle is a minor job that alternates one's major source of income so how will a sane person take gambling as a way to earn an income. Anyone who takes gambling as an alternative means to earn income, it means that he will likely go broke because he will be using money that came from the major source of income to fund gambling.

Some people believe sports gambling is based on skills but I believe it’s dependent on both skills and luck. Gambling should not be considered a side-hustle because of how unpredictable it is. We often say gamble responsibly but how can one do that when you’re gambling for rent/food.

Personally I don't believe sport betting is completely based on skill but I believe with your skils of prediction and level of exposure to football you have a higher chance of picking the right options. There are times where the outcome of a game is equivalent to what was expected initially and that's what I'm talking about, if nothing interrupt or obstruction the previous forms of both team we like have some common traits to bet on as regard their previous match performance. Yet even with our skill we still need luck to win the game because a slight change in player or circumstances can alter the result of the entire match.

[mdzahed134]

Gambling itself is a game of luck so i don't understand how someone can be good enough at gambling without luck being attached to it. Generally, gambling is about luck; proceeds are not guaranteed in gambling so it will be ignorant of someone to make it a side hustle. A side hustle is a minor job that alternates one's major source of income so how will a sane person take gambling as a way to earn an income. Anyone who takes gambling as an alternative means to earn income, it means that he will likely go broke because he will be using money that came from the major source of income to fund gambling.

Some people believe sports gambling is based on skills but I believe it’s dependent on both skills and luck. Gambling should not be considered a side-hustle because of how unpredictable it is. We often say gamble responsibly but how can one do that when you’re gambling for rent/food.

Sports gambling is definitely skill-based because, in sports betting, your chances of winning increase by choosing your team. For example, if you randomly choose a team, your chances of winning are very low. I rely on total luck when playing casino games. No skill really works there. So, in sports betting, my win ratio is higher than in the casino. So I think skill definitely matters, especially in sports betting.

Gambling can never be a source of side income, because it is not a business or job from which regular income is generated. Many people waste a lot of money on gambling. Is it really possible to gamble on food or rent online?

[Doan9269]

It may be very difficult to make gambling a side hustle, because we are being expected to spend money to gamble and not earn from it except by lock and occasional occurrence, when we are hustling, we have the intention of making profit over time, this does not limit us to how far we can go in what we can do to earn money and make profit, while in gambling, we try to have an approach of an entertainment into it, because money is being required to use for this same purpose, therefore we can put in more money in gambling for an entertainment sake than expecting to end from gambling when we tend to make it a source of income.

[WhoYouCantKill]

Anyone who is seeing gambling as a source to make money that person is going to give its self in poverty lane, gambling already is one the factors that contribute for some people to be poor, so if you dont gamble with wisdom and understanding, gambling will make you not to understand the part that will lead you to success, so it's not good to hope on gambling because it's a something that happens by luck, but I don't know why people are seeing gambling as a source of income

Yeah, except for the skilled based games, gambling is basically all about luck and chances, and the more people start to realize that they can’t really control how lucky they can be at a particular time, the better for them. When a gambler sees gambling as a surety, or a kind of a guaranteed way of making money, then it means they’ve been able to discover a way to hack the system.

[Ever-young]

Anyone who is seeing gambling as a source to make money that person is going to give its self in poverty lane, gambling already is one the factors that contribute for some people to be poor, so if you dont gamble with wisdom and understanding, gambling will make you not to understand the part that will lead you to success, so it's not good to hope on gambling because it's a something that happens by luck, but I don't know why people are seeing gambling as a source of income

Yeah, except for the skilled based games, gambling is basically all about luck and chances, and the more people start to realize that they can’t really control how lucky they can be at a particular time, the better for them. When a gambler sees gambling as a surety, or a kind of a guaranteed way of making money, then it means they’ve been able to discover a way to hack the system.

Is it even possible to hack the system?
The system is already designed to always favor the house, and the only way to hack the system is to join or partner with the house, you know what they say, if you can’t beat them, you join them, and we all know it’s impossible to beat them, even if you win a few times, you’ll still still end up losing in the long run and no matter how much gamblers win, the house will still remain in profit. So the only way is to own your own casino and become part of the house.

[Achalugo BTC]

No you can't make money from gambling, you should know it and if you don't know it I advise you to listen to my words very carefully.

If it were easy to earn everyone would do it, if we could all get rich the casinos would fail.
Just play for fun.

You are absolutely right, its good to treat gambling as a fun game and not something to get rich from it, because it will not yield out any good result but will lead one into regrets and disappointment that will cause them pains and damage to their lives and can also affect their relationships too. Which is why its essential to embrace it with a positive and clear mindset, which will make one to stay disciplined and enjoy the game.

[Odusko]

A lot of gamblers get carried away when they go through a winning streak, they think it's something they can always achieve constantly forgetting that they are just getting Lucky. Gambling and not thinking about the possibilities of losing is being delusional. As a gambler it's always important to mentally prepare for anything, you might end up losing at anytime that's why you must always stake responsibly.

That disappointment stems from the expectation of winning and yes, you’re right they tend to focus more on the potential win and forget that a loss is actually the more likely outcome. Given that winning is only occasional I think it makes sense to view gambling as a side income. But as a side job, I’m not so sure.

Worst case of overexpectations is someone who is a non-gambler, way back in school, he wanted to quickly stake half of his school fees on a sport bet games, only for him to lost the money, he was lucky he didn't stake the whole amount, being expectant for winning is what puts most gamblers under pressure when that expected winning doesn't come through like this guy case.

[rachael9385]

No you can't make money from gambling, you should know it and if you don't know it I advise you to listen to my words very carefully.

If it were easy to earn everyone would do it, if we could all get rich the casinos would fail.
Just play for fun.

You are absolutely right, its good to treat gambling as a fun game and not something to get rich from it, because it will not yield out any good result but will lead one into regrets and disappointment that will cause them pains and damage to their lives and can also affect their relationships too. Which is why its essential to embrace it with a positive and clear mindset, which will make one to stay disciplined and enjoy the game.

A lot of people treat gambling as a source of income instead of taking it as an entertainment because they had a few Lucky runs, this is the reason why they winning can be a problem to some people because they start thinking it is something that they can achieve constantly but that doesn't really work the way they think. Trying to take gambling as a source of income is only going to lead to addiction

[giammangiato]

You are not making money from gambling does not mean other are not cashing out. We have different luck in gambling. From all the examples I have shown. I want to know your experience and opinion if gambling is a side hustle or not. I need general opinion on the argument.

Do you trust anything that is candidly posted by a user?
If I told you I've won 200k in the last week playing betting and spent my days playing online and relaxing in my personal SPA would you believe it? 
Really guys, comparing gambling to a real work activity is suicide, everyone is free to believe what they want, but work is one thing, gambling is another.
If you can then make a profit from gambling it is good (absolutely) but it can never be like a job that is financially gratified by the efforts made.

[Wakate]

No you can't make money from gambling, you should know it and if you don't know it I advise you to listen to my words very carefully.

If it were easy to earn everyone would do it, if we could all get rich the casinos would fail.
Just play for fun.

No, it might be your wrong idea. No one would enter a casino if there was no money to be made by gambling. But yes, always all gamblers fail to make money and many times they make wrong decisions. If disciplined and able to control oneself through sound decision making,Then it is possible to earn money even if it is a small amount. What you think is wrong. Because no one can ever get rich through gambling. It takes the form of high aspirations. Gambling is completely dependent on luck and risk.

Even if there is money that can be made from gambling, that does not means that we can misuse the opportunity to make money from gambling and it will be unfortunate for those that are expecting too much from gambling when they can look for what to do and make money for themselves without having all dependency on gambling.

[famososMuertos]

Any activity that allows you to pay your bills is income or side hustle, which in fact falls under the classification of work. The matter isn't so trivial from a legal standpoint, since in some countries income not derived from a profession isn't taxed. That's the crucial point: in many countries, income from gambling isn't taxed, while in others it's the opposite.

With the above in mind, that's the key. Whether you call it a hobby, work, leisure, or anything else is irrelevant.(Ihmo)

[DrBeer]

Anyone who is seeing gambling as a source to make money that person is going to give its self in poverty lane, gambling already is one the factors that contribute for some people to be poor, so if you dont gamble with wisdom and understanding, gambling will make you not to understand the part that will lead you to success, so it's not good to hope on gambling because it's a something that happens by luck, but I don't know why people are seeing gambling as a source of income

Yeah, except for the skilled based games, gambling is basically all about luck and chances, and the more people start to realize that they can’t really control how lucky they can be at a particular time, the better for them. When a gambler sees gambling as a surety, or a kind of a guaranteed way of making money, then it means they’ve been able to discover a way to hack the system.

Is it even possible to hack the system?
The system is already designed to always favor the house, and the only way to hack the system is to join or partner with the house, you know what they say, if you can’t beat them, you join them, and we all know it’s impossible to beat them, even if you win a few times, you’ll still still end up losing in the long run and no matter how much gamblers win, the house will still remain in profit. So the only way is to own your own casino and become part of the house.

I'm afraid I have to disappoint you a little!
First off—we’re talking about high-quality casinos, like the one in my signature or similar ones.
They operate on a classic model described by probability theory, plus a few minor nuances of the games. So, this model is based on the ordinary, natural laws of probability theory, where the probability of “guessing the combination” is close to 1%.
That’s exactly why gambling is entertainment and a game where the goal is to try to predict events that are beyond your control!
At the same time, I consider it one of the forms of entertainment I can afford, and from which I get some enjoyment and a little adrenaline
But I have a systematic approach—I have a budget for this, it’s limited, I don’t chase my losses, I simply choose a day, set a budget that I can afford to lose, and that loss doesn’t cause me any problems. If I win—and this happens quite often—I get both financial and mental satisfaction

P.S. I used to go to “offline casinos,” but for the past 7 years I’ve been playing exclusively online

[Hispo]

Any activity that allows you to pay your bills is income or side hustle, which in fact falls under the classification of work. The matter isn't so trivial from a legal standpoint, since in some countries income not derived from a profession isn't taxed. That's the crucial point: in many countries, income from gambling isn't taxed, while in others it's the opposite.

With the above in mind, that's the key. Whether you call it a hobby, work, leisure, or anything else is irrelevant.(Ihmo)

In my opinion the problem is not whether it is taxed or not, you know.
The most important thing is how it is gotten it's way to our pocket, if we are depending on luck and randomness in order to pay our bills, then I would not even dare to call it a hustle or a side job.
Hustles and side jobs share the same consistency and guaranteed pay full time jobs have in this global market.

And I am not even taking in consideration the effect of the house edge onto our sessions and how our money is supposed to be slowly absorbed by whatever game we choose to play.

[junder]

Worst case of overexpectations is someone who is a non-gambler, way back in school, he wanted to quickly stake half of his school fees on a sport bet games, only for him to lost the money, he was lucky he didn't stake the whole amount, being expectant for winning is what puts most gamblers under pressure when that expected winning doesn't come through like this guy case.

Yes, when it comes to betting or gambling many people naturally have high expectations of winning they believe they can achieve it. However, the often disappointing results lead many to experience stress, which initially affects their mindset and then spreads to other areas, such as their mental well being.
Once someone has been exposed to gambling, they are likely to want to continue doing it and will try to find a way to play no matter what their financial situation is.