Can you make a good living gambling?
 

What do you think. Is it possible to earn a living just gambling?

Sure it's possible. But you'd better be really good or really lucky.

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.

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

statistically possible
but then again, so is the lottery.

It seems a lot of people do now a days.

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.

I know a pro sports gambler so yes it is possible

That makes the opposite of sense.

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

interesting........

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!

Boneprone makes a lot of money gambling.

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

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

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 :(

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.

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.

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.

Same here. I don't know anyone that consistantly wins and live off of it...

it wouldn't be a healthy lifestyle to live by... talk about stress

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.

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....

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.

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.

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.

Same with everything else.

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

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.

Just like sigwhoring...

Same reason the lottery is a multi-billion dollar business :winkwink:

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.

50 years ago...Yes, 25 years ago... maybe...TODAY..NO WAY simple as that, period.

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

I can do that in a week....

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.

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.

I have a relative that does. He makes a hell of a good living too.

its possible but there's never an assurance.

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...

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

Excellent point.

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.

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.

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 :thumbsup

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

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

horse racing? One of the, if NOT worst bets, unless you are in close with the mob :1orglaugh

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 :winkwink: )