People Who Gamble For A Living
Whether it is possible to earn money from gambling and make a living from betting are questions which seem to bother many punters.
To give the short answer…
Yes, it is absolutely possible to make money with sports betting.
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Bookmakers make money; sports analysts make a living from gambling by compiling odds for bookies; some of my own income derives from sports bettors using this website. Programmers earn a living from gambling by developing various betting applications. Manufacturers of gaming machines make money from people’s gambling habits.
I could certainly continue this list as the betting business is a big industry providing many, many people with jobs.
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- Read online:The Gamble: A Novel. Free Epub book copy without downloading. Challenge everything down to their basic principles.
- Name: Christina age:19 favorite color: blue i love to party, have fun, and go different places. I love my friends.
But this is probably not a satisfactory response for sports fans who bet themselves and pursue the dream of supplementing their income, or becoming rich from gambling one day.
However, for these hopeful punters, the answer is also clearly positive…
- Yes: it is possible to develop long-term profitable betting strategies.
- Yes: it is possible to find betting odds which hold value and provide a mathematical edge.
Nothing is Impossible!
The big question is whether you will manage to join the minority, the tiny crowd of betting enthusiasts who finally become successful.
Another question is whether you have the patience (and time) for acquiring the necessary knowledge to win more than you lose, because only knowledge is power; without knowledge there is no chance.
Reliance on luck is not a foundation for lasting success. With luck alone nobody can build a house – only a handful of lottery millionaires can claim the opposite.
Successful Sports Bettors – Examples
In September 2005, in “Expert Betting Advice” forum, a young woman named Maria Santonix started publishing horse racing lay bets. I followed her thread at the time, and I must say that it came across as very authentic. She published daily picks (except Saturdays) and in only 303 days, her initial bank of £3,000 increased to £100,603.78.
The thread has since been taken offline by the operators of the forum, but if you google “Maria Laying System” you will find a plethora of articles referring to her experiment. Naturally, doubt breeds skepticism and most of the responses are quite critical.
It is difficult to find really credible information about betting success on the Internet. In the majority of threads you will read statements such as “I know someone who knows someone who makes his living from betting”.
The only website I am currently aware of which has published quarterly betting results for several years is Alan Seymour’s Sports Arbitrage Review. Alan writes about his experiences as a professional arbitrage trader and has been arbing since 2002.
Famous Last Words
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As I continue to develop betting courses and tutorials, I would be very keen to learn which specific content you are interested in most.
I thank you in advance for you valuable contribution! Every thought helps to develop this website into a sparkling source of knowledge in the often far too confusing worldwide web. 😛
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This might sound like a silly question at first, but stay with me for a few minutes. Think hard about why you gamble. Once you determine why, you might be able to use the information to improve your chances to win and find ways to enjoy it more.
The first answer that comes to mind for many people is because they want to win money. But deep down, most gamblers know they don’t win in the long run.
I put together this article because I believe that if you can take a clear look at why you gamble, it can help you in many ways. Most people are afraid they might need to stop gambling if they become truly honest with themselves.
Once I figured out my reasons for gambling, it helped me focus on the best areas. The reason I gamble is because I love competition. I want to compete against others and this drives me to improve my skills so I have a chance to win.
I also like to beat the casino and sportsbook, so I do know how to count cards in blackjack, and I work at finding profitable sports betting opportunities. But my main focus is on continuing to improve my poker skills.
As you read through the reasons why people gamble below, see if one of them resonates with you. Once you determine why you gamble, think of what it means and how you can use the information to improve your enjoyment while you gamble.
The Chase
Medical studies reveal that the brain releases dopamine when you gamble. This explains the rush people experience when they risk their money in hopes of winning. Casinos use this rush to keep people gambling for as long as possible.
Though I don’t have any concrete evidence to back it up, I believe most gamblers fall into this category. They know that in the long run, they’re going to lose, but the rush they get when they win overcomes what they know if they’re being honest.
I’m not saying anything is wrong with this. I get a rush when I win a bet, just like everyone else. And if you can afford to chase the rush, there aren’t many good reasons why you should stop.
If you fall into this category, I recommend playing casino games with a low house edge, so your bankroll lasts as long as possible. It’s even better if you can learn how to beat blackjack or poker. That way, you have a chance to win in the long run.
The Rush of Competition
Some people gamble because they enjoy competing against others. This can be competing against other players at the poker table, or it can be competing against the casino or the sportsbook.
If you enjoy competition and are playing games with a house edge that can’t be overcome, consider switching to poker or blackjack. You can use your competitive drive to improve your results.
Pure Entertainment Value
This is the category my wife is in. Sometimes I envy her, because gamblers in this category gamble just because they enjoy it. They like to win, but they don’t have to win to have a good time. Many entertainment gamblers play slots, because they’re easy to play and you don’t have to concentrate to do it.
The only advice I have for people who gamble for the pure entertainment value is to stay within your budget. Gambling for entertainment is no different than going shopping or to a movie, except that sometimes, you leave with more money than you started with.
To Escape From Something
This is the only category that can be dangerous. Some people gamble to escape from the rest of their life. This can be okay if you set strict time and practice proper casino bankroll management, but it can also lead to gambling too much and too long if you’re not careful.
People Who Gamble For A Living Podcast
Focus on learning how to count cards, finding winning sports betting opportunities, or playing poker. If you can figure out how to win while you gamble, you can afford to use it as an escape.
It’s Your Job
Not many gamblers fall into this category. While many gamblers wish they could gamble full time, very few actually do it. And many of them are just as unhappy as most people working other jobs.
In order to gamble for a living, you either have to be so rich that you can’t lose all of your money or you have to be an advantage player. If you’re so rich that you can’t lose all of your money, do whatever you think makes you happy. And that includes gambling.
If you’re an advantage gambler, the odds are good that you play poker, bet on sports, or play blackjack. While there are a few other ways to gamble with an advantage, most winning gamblers are involved in one of these three areas.
From the outside looking in, it seems like a great way to make a living. What could be better than playing a game to make money instead of working for it?
If you dig deep enough, you can find stories about professional poker players talking about the daily grind. Playing day after day, trying to grind out enough money to live on can be taxing.
I’m sure you don’t feel sorry for them, but be careful what you wish for. I’ve known quite a few poker players over the years that were good enough to grind out a living at the middle levels, and most of them eventually found something else to do. They still play poker, but being forced to play almost every day to survive takes the fun out of the game.
If you’re gambling for a living, make sure you take time out to enjoy other areas of your life. Spend time with your family and friends, doing things other than gambling that you like. If you don’t, you run the risk of burning out. If this happens, you might find that you start hating gambling as much as working a regular job.
Conclusion
Have you figured out why you gamble? If you haven’t, spend some time over the next few days coming up with an honest answer. The effort is worth it, because once you figure it out, you can make a plan that helps you enjoy gambling more and produce better results.
If you know why you gamble, use this information to your advantage. If you chase the rush or play for pure enjoyment, learn how to play games with a low house edge. You can still chase the rush and play for enjoyment, but you can do it more often and for longer playing sessions.
When you gamble for another reason, the odds are good that you should learn more about advantage play. If you can learn how to play with an edge, you can afford to gamble more because you don’t have to worry as much about losing money.