A Professional Gambler

Discussion in As Seen on TV started by ExpertAdvice • Jun 8, 2015.

  1. BrandonScooterman

    BrandonScootermanActive Member

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    Ever heard of "the house always wins."
    Well it's a true statement. In the long run, a gambler will ALWAYS lose.
    Casino's don't rake in millions per day by losing money.
    It's actually just simple stats, eventually over a long period of time your chances of making money from gambling go down and your chances of losing go up.
     
  2. sazzydan

    sazzydanMember

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    I agree. I actually work as a croupier in a casino in the UK. It seems odd that some people consider themselves as professional gamblers, but the odds are against them if they are just playing the house games. Poker is a little different, but the main casino games are against you!
     
  3. worldmachine

    worldmachineActive Member

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    If people are going to gamble then they should at least bet on a subject that they are knowledgeable on. The bookmakers dream is what they call 'the mug punter' these are the type of people who bet blindly on a horse for example just because they like the name.

    I think you need an encyclopedic knowledge of the subject you are betting on to give yourself an edge and avoid just throwing money away. Ultimately though for 99% of people the house always wins as many others have said.
     
  4. Ke Gordon

    Ke GordonWell-Known Member

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    Yeah, actually there are people who make a fine living playing poker professionally, but you have to really know what you are doing. The average person is likely to lose their shirt doing such things. I mean you could try doing with your friends first to see if you can make some money, but unless you are consistenly winnining it is a waste of time, and many of those tournaments have high entry fees as well.
     
  5. Denis Hard

    Denis HardWell-Known Member

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    If there's a possibility that I will consistently make money from gambling then I think I would consider being a professional gambler. It's very much like business. Use money, make profits. However since there's a 50% chance of losing your money , gambling certainly isn't a great way to make money.

    My money would be better off in a savings account:)
     
  6. gata montes

    gata montesActive Member

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    As the term “professional gambler “ is very loosely defined as someone who makes a living from gambling - the latter of which I think would not only be extremely erratic but also not entirely reliable either.

    No this is not something that I would ever consider - as to me - gambling will always be something that sells hope in exchange for money - particularly as, regardless of whatever method is used or however risk free it is said to be - as there will always only be one winner when it comes to gambling and the winner is rarely ever the person risking their money - but the bookies, the casinos and whoever else stands to gain from people taking risks with their money - who are generally the winners - I very definitely don't see gambling as a means of making money.
     
  7. hg088

    hg088New Member

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    It's definitely possible but It's not for everyone. I tried gambling and doing some currency exchange but failed at both. Lost some money but I got out in time. I guess I didn't have the brains for it or something. So my advice is that if you don't really know what your're doing, just don't bother and save yourself some money.
     
  8. djdontpay

    djdontpayActive Member

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    Professional Gamblers are few and far between. If you think about it, they only work a few weeks in a year and rake in millions in earnings. And that's why most "Professional" Gamblers also have everyday businesses, just to keep things interesting.
     
  9. thenextGeek

    thenextGeekActive Member

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    I agree with your statement. The house always wins and it's not really advisable to become a professional gambler because you will surely end up with a better financial future if you invest your money than gamble it all away. I have a friend who's really addicted to gambling and he's already lost quite a sum due to his addiction. The good thing is that his parents are rich so he's not on trouble but to think that he might have been a very rich person by now only if he invested his money.
     
  10. tasha

    tashaActive Member

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    I love casinos and gambling but there are times when it can get expensive and if you lose you think of all the things that you could have bought with that money! the house does eventually always win that is why they have a very successful business!
     
  11. djdontpay

    djdontpayActive Member

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    Yes. The house does eventually win. Professional Gamblers though are a different breed of people who play games of skill such as poker and win big all the time.
     
  12. Ke Gordon

    Ke GordonWell-Known Member

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    Unless you are a rich person to begin with, who doesn't really need the money, and a combination mathematician and amateur psychologist you should not really consider becoming a professional gambler. For everyone millionaire, there are 10 who end up broken and in debt from trying to gamble professionally.
     
  13. remnant

    remnantActive Member

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    The last thing that would cross my mind is to be a professional gambler. Apart from corrupting the person's moral fibre, it is a game of chance in which the odds are stacked against the gambler. Worse, its addictive and the rollercoaster side to commences in full swing.
     
  14. Lushlala

    LushlalaWell-Known Member

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    My sentiment exactly, remnant! It's weird, but only this morning I did a survey on gambling and I was horrified to see how many gambling brands are now out there! I know gambling's big, but those of us who don't engage in it don't really see how far reaching it is. The only sort of gambling I'll do is the lottery when there's a huge jackpot. It's a dangerous thing to get immersed in.
     
  15. artyarson

    artyarsonActive Member

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    It's a cool thing to do but it's very risky at the same time. Only top gamblers can live by the game. Other had better do that on the side. I love poker and I enjoy playing it, especially if good money is involved. However, I'm doing that only on a side. I feel safer like that.
     
  16. vpresson

    vpressonWell-Known Member

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    I like to do small gambling, like online game sites like worldwinner or in casinos. The most I'll play at a casino are the lower bet machines, I don't go black jack or any card games. Now if I had the funds I'd probably bet higher and try my hand at the card games but I wouldn't want to do it as a Pro, I don't think it would be as fun.
     
  17. rz3300

    rz3300Active Member

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    Well anytime that I run into someone who calls themselves a professional gambler I am a little weary of. I have not really met many people who say that though, so I guess it is more of a hypothetical, but the point is the same. I think @BrandonScooterman@BrandonScooterman makes a good point...the house always wins. That said, if you are professional gambler then that means you have to be good to consistently stay ahead, and ahead enough to make a living. Sounds pretty tough to me.
     
  18. xTinx

    xTinxWell-Known Member

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    How can you call a gambler "professional," anyway? Does that mean a professional gambler makes a living out of his gambling (which requires either a lot of skill or a lot of cheating)? On the other hand, an ordinary gambler gambles as a hobby but his main source of income is a normal and less risky job.