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Making a living from gambling

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3 hours ago, kouki said:

its possible yeah as a highroller butif  u are a guy who only abuse faucet it hard but there is always a chance to be come homelesss u going to live a risky live if u dont invest ur profit 

It may seem like that but its not a bed of roses for them either. Every gambler has their bad day and most learn from the bad beats that in the long run they need to find other sources of income. But addicted gambler do come back and the result is most of the times bad. Those who really get luck never come back again.

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22 minutes ago, UltraChief said:

 It may seem like that but its not a bed of roses for them either. Every gambler has their bad day and most learn from the bad beats that in the long run they need to find other sources of income. But addicted gambler do come back and the result is most of the times bad. Those who really get luck never come back again.

i see what you are doing .... opening a pawn shop bang right in front of a casino .... :)  smart move ultra .....

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This will be a very foolish ideas to ask people only gaming regarding as a primary job as working as a salaried man.However , Most gamblers are not only rely on profits from gambling  since they got a well strong job or business and spent some of their earning on different types of gambling  to see they are lucky or having profit from their playing . As for me ,I am full time playing here but I don't expect to make a primary business from gambling .I might win when I am lucky or not greedy but in bad days it might wide my funds.So it is better to accept that by playing gambling you need to afford to what you can lose .and I don't believe getting only profit or making gambling as stable tasks  is not for all of us for a long time play.

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coming from poker, trying to make living just from gambling [poker], it does not make a good foundation for earning money: because, games change, one day is winning then you unexpectedly burn your bankroll the next time; and keeping good bankroll is hard, because of variance swings and real life expenses - you are winning on average and it looks good, then next week the games grow worse and suddenly emergency expense kicks into real life - both bad luck and emergency combined can totally ruin your bankroll and livelihood; in my case, i hade like tens to hundreds of dollars in winnings and next two weeks just scraped by because games went sour and i had to pay for everyday running expenses, like, food, internet, rent, etc; nah, i had to do quick menial jobs to keep fixing holes in my bankroll [=life budget]; final word from me is, do not expect a great start, it takes quite a lot of money overall, and most importantly time, to get good at game and keep finding juicy games to profit; because of that - you have to sacrifice everything else, education, socializing, steady job, future prospects; so i wouldn't advisse to take up gambling to anyone, if only you have not another option to scrape by some $$$; get a job, get good at it, socialize, upkeep family - that is a better investment of time; and i have killed last 8 years of my life on gambling!

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You can make a living from sport bets (soccer, in my experience), with an expected return of 2 to 6% depending on the season. I did it myself during a full year betting on bet365, bwin, etc.

I have never bet enough to make myself a living of it because I was always afraid of this being luck instead or real maths. I even had my own automatic bot which printed the most convenient bets each day, and my poisson skills were simply brilliant (no humility here guys).

I left it because it was very time consuming (4/5 hours a day) for the low earning I was getting due my low bankroll; but I'm sure a person with a higher bankroll (and not afraid of losing it), some brains, and a lot of patience, can really make good money from it.

 

If someday you want to get the chances for a soccer match from spanish LaLiga, Bundesliga 2, french La Ligue, australian A-Ligue (but no UK football, of course!), we can make a try just for fun.

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You could probably make a living from games where skill is involved and does affect the outcome such as counting cards in blackjack or anything that is PVP like poker. And if you got a good set up in data analysis then sports betting could be a good venture. The more you practice your craft the better you become. Early on you will make every mistake possible and those can be expensive ones, but once you learn from those experiences and become more wise then thats when the profit rolls in.

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As far as I know in the Forbes rankings there is not a single millionaire who got rich playing in a casino. I think in a casino it is much easier to lose a million than to win it :)))

 

P.S: I mean, a millionaire who made his fortune by playing in a casino. No matter present or vitrual.

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This is an old thread, but the short answer is no - Most cannot make a living off gambling as most things you play are negative EV. Meaning you're bound to lose with wagers over time. Unless you consider a job losing money, then I'd look elsewhere. The only way I see someone making money off gambling would be through playing poker at the tournament level. But that is not actual gambling like it is here.

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I think it might be possible, but they have large bankrolls.  So even 2x a year can pay the bills.  Most gamblers on that level keep the bankroll separate from bills and payments and if they loose bank, they go to work and build it up again.  

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Turning any game of chance into the constant source of making money for a living is very risky. The real life of a professional gambler is not like that one, which is described in Hollywood movies. They live in an unpretending way and separate the gambling money from the live expenses. You are the only boss of yourself, but such kind of freedom comes with the responsibility for your actions. I think there are few gamblers who make a living on it, and there are fewer gamblers out of those few who make a big profit. This way is not for everyone.

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On 23/01/2019 at 01:01, pinoyG said:

for me its not a good way to risk on this, or to  depend but make it extra sideline is a good way, gambling with strategy and control is sucess.

You will make a living out of gambling if only you know what you are doing, the first demon to eliminate is the greedy spirit. Every gambler will make money if only we could control our greed in gambling

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Perhaps a few people make profit from gambling but about 95% or even more people end up losing it all. That's what a casino does, it does cause much loss. I was on stake a few days ago and lost 115000 doge which is around $240 - it is a lot of money to lose. Not everyone is a winner.

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Well, once you win a high amount which could be able to provide you a future such as goods and needs, it's definitely possible. On the other hand gambing continuously requires some balance while there is always the possibility to lose your money. Summing up, I guess it can be possible but it's such too rare and dangerous!

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