Can you make a good living gambling?

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  • Quotealex
    Confirmed User
    • Sep 2001
    • 6265

    #1

    Can you make a good living gambling?

    What do you think. Is it possible to earn a living just gambling?
  • The Ghost
    IslandDollars.com
    • Oct 2004
    • 12188

    #2
    Sure it's possible. But you'd better be really good or really lucky.
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    • SomeCreep
      :glugglug
      • Mar 2003
      • 26118

      #3
      Originally posted by Alex from Montreal
      What do you think. Is it possible to earn a living just gambling?
      According to quantum physics, even the most unlikely events have a finite possibility of occurring, so yes, it is possible to earn a living just gambling.

      Webair Hosting

      I use and recommend Webair for hosting.

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      • Theo
        HAL 9000
        • May 2001
        • 34515

        #4
        a friend of mine does 60k/year from sports betting, but if he had put the same effort on any other thing he would be a millionaire by now lol

        Comment

        • clickclickclick
          Confirmed User
          • Jan 2005
          • 1227

          #5
          statistically possible
          but then again, so is the lottery.
          if you need more than 3 clicks to get to a join page, something is wrong ;)

          p.s. i still bring the sales whores here.

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          • Pornwolf
            Drunk and Unruly
            • Jan 2002
            • 22712

            #6
            It seems a lot of people do now a days.
            I've trusted my sites to them for over a decade...

            Webair, bitches.

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            • pornguy
              Too lazy to set a custom title
              • Mar 2003
              • 62910

              #7
              I met a guy in Miami that makes his living outsourcing his gambeling.

              He stands at the door of a casino, and hands someone 10k. If they lose, they lose. if they win, he gets the 10k back, plus 50% of the winnings.

              a news paper did a story on him, and they say that he makes about 100k a week.
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              • flashfire
                ICQ 1 6 7 8 5 3 4 9 2
                • Feb 2003
                • 13098

                #8
                I know a pro sports gambler so yes it is possible

                Comment

                • SomeCreep
                  :glugglug
                  • Mar 2003
                  • 26118

                  #9
                  Originally posted by pornguy
                  I met a guy in Miami that makes his living outsourcing his gambeling.

                  He stands at the door of a casino, and hands someone 10k. If they lose, they lose. if they win, he gets the 10k back, plus 50% of the winnings.

                  a news paper did a story on him, and they say that he makes about 100k a week.
                  That makes the opposite of sense.

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                  • adultchica
                    Confirmed User
                    • Sep 2005
                    • 5141

                    #10
                    Just follow Boneprone, according to some people on here he's made them a nice chunk of change!

                    Comment

                    • djroof
                      JuicyDevils.gr Owner
                      • Jan 2004
                      • 25504

                      #11
                      Originally posted by pornguy
                      I met a guy in Miami that makes his living outsourcing his gambeling.

                      He stands at the door of a casino, and hands someone 10k. If they lose, they lose. if they win, he gets the 10k back, plus 50% of the winnings.

                      a news paper did a story on him, and they say that he makes about 100k a week.
                      interesting........

                      Comment

                      • djroof
                        JuicyDevils.gr Owner
                        • Jan 2004
                        • 25504

                        #12
                        Betting on sports it is not so easy... u must read everyday and make researches everyday! I bet on sports last 6 years, and I also run a greek betting blog... it is hard but free money is always great!

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                        • Jer
                          God is Brazilian
                          • Feb 2001
                          • 10601

                          #13
                          Boneprone makes a lot of money gambling.

                          Comment

                          • Jer
                            God is Brazilian
                            • Feb 2001
                            • 10601

                            #14
                            "Sports betting" I mean. Don't know if's the same as "gambling".

                            Comment

                            • Jensen
                              Confirmed User
                              • Apr 2001
                              • 3790

                              #15
                              course.. not many have the skills and self control though.. streaks of losses can easily fuck with your brain

                              Comment

                              • $5 submissions
                                I help you SUCCEED
                                • Nov 2003
                                • 32189

                                #16
                                Originally posted by The Ghost
                                Sure it's possible. But you'd better be really good or really lucky.
                                Or have a stable base of backers. Some wealthy businessmen here in the Philippines back some professional gamblers who systematically beat the house. Apparently the ROI is good because such a system exists. Not a guarantee against the inevitable bust out though since STATISTICALLY the house will win... inevitably

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                                • David - PG
                                  Confirmed User
                                  • Mar 2004
                                  • 767

                                  #17
                                  I know that boxing has a lot of professional betters. The public workouts 4-5 days before big fights are full with two types of people. Media, photographs and the likes. And professional boxing betters.
                                  perfectgonzo.com

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                                  • Drake
                                    Hello world!
                                    • Mar 2003
                                    • 12508

                                    #18
                                    I don't know of anybody that does it. I know of people that gamble but they're the kind of people that can afford to. They win sometimes, lose others probably with a net loss over the long term.

                                    Comment

                                    • Drake
                                      Hello world!
                                      • Mar 2003
                                      • 12508

                                      #19
                                      I'm sure it's possible though but very few could do it successfully. Not only would it require skill on the actual betting, but an enormous amount of restraint too.

                                      Comment

                                      • Quotealex
                                        Confirmed User
                                        • Sep 2001
                                        • 6265

                                        #20
                                        Originally posted by Mike33
                                        I don't know of anybody that does it. I know of people that gamble but they're the kind of people that can afford to. They win sometimes, lose others probably with a net loss over the long term.
                                        Same here. I don't know anyone that consistantly wins and live off of it...

                                        Comment

                                        • jacked
                                          sperm tail
                                          • May 2004
                                          • 11019

                                          #21
                                          it wouldn't be a healthy lifestyle to live by... talk about stress
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                                          • Alex
                                            So Fucking Banned (YEA!!)
                                            • Jun 2004
                                            • 10963

                                            #22
                                            Originally posted by Mike33
                                            I'm sure it's possible though but very few could do it successfully. Not only would it require skill on the actual betting, but an enormous amount of restraint too.
                                            Very wrong.

                                            There are tons of people that are professional gamblers.

                                            Ever watch WSOP or WPT. Those account for a small percent of professional poker players, there are thousands more.
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                                            • Drake
                                              Hello world!
                                              • Mar 2003
                                              • 12508

                                              #23
                                              Originally posted by Alex
                                              Very wrong.

                                              There are tons of people that are professional gamblers.

                                              Ever watch WSOP or WPT. Those account for a small percent of professional poker players, there are thousands more.
                                              True, but do you think there are lots of people that do this successfully? I mean, you're looking at the best of the best on things like WSOP. There are millions of gamblers, but not many that make a living from it. At least I wouldn't think so, but I could be wrong.

                                              Comment

                                              • woj
                                                <&(©¿©)&>
                                                • Jul 2002
                                                • 47880

                                                #24
                                                There are VERY few people that gamble successfully, for every 1000 gamblers 5 make money, and 4 out of those 5 make money by selling services (sell tips, promote gambling sites, etc) to the other 995 suckers....
                                                Last edited by woj; 01-03-2006, 03:46 PM.
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                                                • eroswebmaster
                                                  March 1st, 2003
                                                  • Jul 2001
                                                  • 20295

                                                  #25
                                                  Originally posted by Alex
                                                  Very wrong.

                                                  There are tons of people that are professional gamblers.

                                                  Ever watch WSOP or WPT. Those account for a small percent of professional poker players, there are thousands more.
                                                  I think the numbers are like 5-10% of poker players are break even or better...but when you visit poker chat boards it's kind of like GFY. No one's broke, everyone's successful and making money.

                                                  There are a lot of poker players who go broke every year...top players.

                                                  Gus Hansen according to some higher ups here in Vegas is broke now because of some prop bets he made with Chip Reese at $50K a pop..he lost something like $2,000,000.00

                                                  T.J. Cloutier is known for his craps habit and is always needing a backer in order to play in the tournaments.

                                                  Mike Matusow won a million at the WSOP and lost it all within a couple of months.

                                                  The list goes on.

                                                  Edited to Add: And if you realised what it costs for these pro poker players to play in the top tournaments every year you'd realize that one win of a $200K or $400K may just have them breaking even.

                                                  Sure there are some professional gamblers out there, but go and visit any casino in Vegas *I live here* and you will see them all. There are far more snaggly toothed, decrepit old men and women hocking their tv's trying to get by than there are young guys roaming the strip in limos with their roulette winnings.
                                                  Last edited by eroswebmaster; 01-03-2006, 03:54 PM.
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                                                  • eroswebmaster
                                                    March 1st, 2003
                                                    • Jul 2001
                                                    • 20295

                                                    #26
                                                    Oh yeah..just wanted to add one more thing.
                                                    This town was not built on winners.
                                                    And imagine the house has at times an edge less than 1%...and yet they still rake in billions every year across the country.
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                                                    • volante
                                                      Confirmed User
                                                      • Mar 2002
                                                      • 2940

                                                      #27
                                                      It's certainly possible (I used to) but you'll need a large betting bank ($100,000+) if you want to make a decent living out of it.

                                                      Comment

                                                      • David - PG
                                                        Confirmed User
                                                        • Mar 2004
                                                        • 767

                                                        #28
                                                        Originally posted by Mike33
                                                        There are millions of gamblers, but not many that make a living from it. At least I wouldn't think so, but I could be wrong.
                                                        Same with everything else.

                                                        There are 10s of millions of tennis players, but only a few hundred make serious bank.
                                                        perfectgonzo.com

                                                        Comment

                                                        • PixeLs
                                                          Too lazy to set a custom title
                                                          • Jul 2005
                                                          • 11922

                                                          #29
                                                          Gambling is a game of luck--you can't make a living out of it.

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                                                          • David - PG
                                                            Confirmed User
                                                            • Mar 2004
                                                            • 767

                                                            #30
                                                            Originally posted by PixeLs
                                                            Gambling is a game of luck--you can't make a living out of it.
                                                            Wrong. Wrong. Wrong. Why else would gambling be a multi-billion dollar industry.
                                                            perfectgonzo.com

                                                            Comment

                                                            • volante
                                                              Confirmed User
                                                              • Mar 2002
                                                              • 2940

                                                              #31
                                                              Originally posted by PixeLs
                                                              Gambling is a game of luck--you can't make a living out of it.
                                                              Just like sigwhoring...

                                                              Comment

                                                              • Quotealex
                                                                Confirmed User
                                                                • Sep 2001
                                                                • 6265

                                                                #32
                                                                Originally posted by David - PG
                                                                Wrong. Wrong. Wrong. Why else would gambling be a multi-billion dollar industry.
                                                                Same reason the lottery is a multi-billion dollar business

                                                                Comment

                                                                • Drake
                                                                  Hello world!
                                                                  • Mar 2003
                                                                  • 12508

                                                                  #33
                                                                  Originally posted by David - PG
                                                                  Same with everything else.

                                                                  There are 10s of millions of tennis players, but only a few hundred make serious bank.
                                                                  But tennis is more about skill then luck. Most people that play do it for fun, not to make bank because they know they're not good enough to go pro.

                                                                  Comment

                                                                  • DeadFidel
                                                                    Confirmed User
                                                                    • Jul 2003
                                                                    • 6764

                                                                    #34
                                                                    Originally posted by Alex from Montreal
                                                                    What do you think. Is it possible to earn a living just gambling?
                                                                    50 years ago...Yes, 25 years ago... maybe...TODAY..NO WAY simple as that, period.

                                                                    Comment

                                                                    • bdld
                                                                      $100,000
                                                                      • Dec 2001
                                                                      • 11452

                                                                      #35
                                                                      if you know how to play poker and gamble on sports, its very possible.

                                                                      Comment

                                                                      • boneprone
                                                                        Hall Of Fame
                                                                        • Jan 2001
                                                                        • 34415

                                                                        #36
                                                                        Originally posted by Soul_Rebel
                                                                        a friend of mine does 60k/year from sports betting, but if he had put the same effort on any other thing he would be a millionaire by now lol

                                                                        I can do that in a week....

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                                                                        • nicchick
                                                                          Confirmed User
                                                                          • Feb 2003
                                                                          • 316

                                                                          #37
                                                                          The best way to make money from gambling is to become a bookmaker -
                                                                          A buddy of mine was a bookie and I kept his records for 5 years. A little over 4% of his customers won over the course of a year - about the same number broke even and over 90% lost. Of course, some deadbeats tried to stiff us when they lost. The best way to collect was to threaten to call their wives or girlfriends.They almost always paid up and a lot of them quit betting after that. They were a lot more afraid of their old ladies than any thing we could threaten them with.

                                                                          Comment

                                                                          • bdld
                                                                            $100,000
                                                                            • Dec 2001
                                                                            • 11452

                                                                            #38
                                                                            i do some party poker and sports betting, month in month out always with a profit, not enough to earn a living on but i figure some people can do it much bigger than i.

                                                                            Comment

                                                                            • Shoehorn!
                                                                              Die With Your Boots On
                                                                              • Oct 2003
                                                                              • 22872

                                                                              #39
                                                                              Originally posted by Alex from Montreal
                                                                              What do you think. Is it possible to earn a living just gambling?
                                                                              I have a relative that does. He makes a hell of a good living too.

                                                                              Comment

                                                                              • je_rome
                                                                                Confirmed User
                                                                                • Jul 2005
                                                                                • 6846

                                                                                #40
                                                                                its possible but there's never an assurance.
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                                                                                • broke
                                                                                  Confirmed User
                                                                                  • Aug 2003
                                                                                  • 4501

                                                                                  #41
                                                                                  Attempting to make a living "gambling" is no different that attempting to make a living not "gambling"... the people with the most information who take the best calculated risks will come out ahead and the rest will fall by the wayside.

                                                                                  Is risking money on sports betting or poker really all that different than sinking your life savings into starting a business?

                                                                                  Life is a gamble -- birth to death...
                                                                                  Last edited by broke; 01-04-2006, 01:04 AM.
                                                                                  Perfect Gonzo

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                                                                                  • biftek
                                                                                    So Fucking Banned
                                                                                    • Jan 2005
                                                                                    • 1030

                                                                                    #42
                                                                                    only game where a player has the odds stacked with him is black jack , learn how to count cards , other games are just games of chance and luck

                                                                                    Comment

                                                                                    • Shoehorn!
                                                                                      Die With Your Boots On
                                                                                      • Oct 2003
                                                                                      • 22872

                                                                                      #43
                                                                                      Originally posted by broke
                                                                                      Attempting to make a living "gambling" is no different that attempting to make a living not "gambling"... the people with the most information who take the best calculated risks will come out ahead and the rest will fall by the wayside.

                                                                                      Is risking money on sports betting or poker really all that different than sinking your life savings into starting a business?

                                                                                      Life is a gamble -- birth to death...
                                                                                      Excellent point.

                                                                                      Comment

                                                                                      • reed_4
                                                                                        Confirmed User
                                                                                        • Jul 2005
                                                                                        • 9640

                                                                                        #44
                                                                                        it is really possible to earn a living in gambling but luck wouldn't be that easy to find.
                                                                                        you can never replace a decent job and hard work by only gambling. I suggest get a stable job them take the risk in gambling your money.

                                                                                        Comment

                                                                                        • David - PG
                                                                                          Confirmed User
                                                                                          • Mar 2004
                                                                                          • 767

                                                                                          #45
                                                                                          The question wasn't "Can any idiot make lots of money gambling?", it was "Are there players out there that make serious cash with gambling".

                                                                                          With 100m people gambling worldwide (casino, sports, day trading, etc.), you can rest assured there are a few hundred or even thousand doing this full time and making a decent to very good living off of it.
                                                                                          perfectgonzo.com

                                                                                          Comment

                                                                                          • e-god
                                                                                            Confirmed User
                                                                                            • Jan 2003
                                                                                            • 1738

                                                                                            #46
                                                                                            someone should post a link to THE BEST BETTING SITE

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                                                                                            • volante
                                                                                              Confirmed User
                                                                                              • Mar 2002
                                                                                              • 2940

                                                                                              #47
                                                                                              Originally posted by e-god
                                                                                              someone should post a link to THE BEST BETTING SITE
                                                                                              http://www.betfair.com/

                                                                                              Odds are generally 5-20% better than you'd get at a regular bookmakers. Do your homework and keep an eye on the low priced (evens or less) favourites in British horse races

                                                                                              Comment

                                                                                              • Groove
                                                                                                Confirmed User
                                                                                                • Jan 2003
                                                                                                • 3852

                                                                                                #48
                                                                                                YES, of course it is "possible"...

                                                                                                but what are your odds of being one of the LUCKY few?

                                                                                                Comment

                                                                                                • Veterans Day
                                                                                                  Confirmed User
                                                                                                  • Jul 2003
                                                                                                  • 8403

                                                                                                  #49
                                                                                                  Originally posted by volante
                                                                                                  http://www.betfair.com/

                                                                                                  Odds are generally 5-20% better than you'd get at a regular bookmakers. Do your homework and keep an eye on the low priced (evens or less) favourites in British horse races
                                                                                                  horse racing? One of the, if NOT worst bets, unless you are in close with the mob
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                                                                                                  • volante
                                                                                                    Confirmed User
                                                                                                    • Mar 2002
                                                                                                    • 2940

                                                                                                    #50
                                                                                                    Originally posted by Veterans Day
                                                                                                    horse racing? One of the, if NOT worst bets, unless you are in close with the mob
                                                                                                    I've got $100,000 profit over the past few years that says otherwise. Like I said, do your homework - you'll figure out which are the ones to avoid (basically anything in the US )

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