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Can you make a fortune by gambling? Can gambling be considered as a source of income?

Postby anilmr » 08 Jan 2019, 13:03

We see a lot of gambling sites online. There are also gambling sites which pay in cryotos. Also we see many onshore as well as offshore casinos for gambling.Can one make a fortune by gambling? Can gambling be considered as a source of income? Have you joined any online gambling site and made a good income from it?
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Re: Can you make a fortune by gambling? Can gambling be considered as a source of income?

Postby fergus1234 » 08 Jan 2019, 15:59

If it's skilled base gambling like Poker, I would say yes but if it's luck based gambling no, it's not a business.
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Re: Can you make a fortune by gambling? Can gambling be considered as a source of income?

Postby skysnap » 08 Jan 2019, 16:29

Gambling is often either pure hack or pure luck. Either way I have no chance. So I try to avoid the gamble. That's what I have learned.
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Re: Can you make a fortune by gambling? Can gambling be considered as a source of income?

Postby mrki444 » 08 Jan 2019, 16:39

Gamble can make you rich but only if yuou have luck. If you use some methods like counting cards or similar, you will be banned for sure.
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Re: Can you make a fortune by gambling? Can gambling be considered as a source of income?

Postby fergus1234 » 08 Jan 2019, 16:43

The only gambling that is considered a sport is poker. the rest are luck based.
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Re: Can you make a fortune by gambling? Can gambling be considered as a source of income?

Postby anilmr » 08 Jan 2019, 20:10

fergus1234 wrote:If it's skilled base gambling like Poker, I would say yes but if it's luck based gambling no, it's not a business.

I am not well acquainted with Poker...in fact I know nothing about Poker, just heard its name and that it is played with cards. But how is it skill based game? I thought you needed to have good luck on your side to succeed.
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Re: Can you make a fortune by gambling? Can gambling be considered as a source of income?

Postby MysticMoons » 08 Jan 2019, 21:29

Yes but you have to know how and when to bet.
Sports gambling is the best because the Casino can't cheat.
I have friends who bet low and win big. And once you win you must
get out of there. Do not try to bet everything and double your money.
That is when you can lose it all. Once you win take it as a win.
Then come back another day, and bet low win high. :D
I am going to get started in gambling this year.
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Re: Can you make a fortune by gambling? Can gambling be considered as a source of income?

Postby A K Rao » 08 Jan 2019, 21:41

No way! I am working for a Stud Farm where we breed Race Horses! I am in this profession now more than 30 years! I have gambled on the horses during my first year of the career, there after I ever gambled! I could realized very soon that gambling can never make us rich!
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Re: Can you make a fortune by gambling? Can gambling be considered as a source of income?

Postby darrensurrey » 08 Jan 2019, 23:12

fergus1234 wrote:If it's skilled base gambling like Poker, I would say yes but if it's luck based gambling no, it's not a business.


Pretty much.

The other thing you can try is sports betting exchanges where you can trade the spread.
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Re: Can you make a fortune by gambling? Can gambling be considered as a source of income?

Postby anilmr » 08 Jan 2019, 23:48

A K Rao wrote:No way! I am working for a Stud Farm where we breed Race Horses! I am in this profession now more than 30 years! I have gambled on the horses during my first year of the career, there after I ever gambled! I could realized very soon that gambling can never make us rich!

Yes, you are right - gambling can never make us rich, on the other hand, it can turn us into a pauper. One can also get addicted to gambling - and if happens it will lead to catastrophic effects.
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Re: Can you make a fortune by gambling? Can gambling be considered as a source of income?

Postby cmoneyspinner » 09 Jan 2019, 01:15

I don't gamble so what I am saying might need to be verified. But as far as I know, in the United States, if you win money from gambling you have to pay income taxes on it. So for tax purposes gambling winning are considered income.
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Re: Can you make a fortune by gambling? Can gambling be considered as a source of income?

Postby sofs » 09 Jan 2019, 02:03

Nope, I do not even see gambling as earning, it is mostly depending on luck and throwing away your hard earned money. I hate lotteries and such for the same reason.I have seen people go from being middle class to pauper in no time. Nope I will never gamble or even buy a lottery ticket.
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Re: Can you make a fortune by gambling? Can gambling be considered as a source of income?

Postby katkat » 09 Jan 2019, 05:10

A K Rao wrote:No way! I am working for a Stud Farm where we breed Race Horses! I am in this profession now more than 30 years! I have gambled on the horses during my first year of the career, there after I ever gambled! I could realized very soon that gambling can never make us rich!


You are right, we can never be assure of a good life or fortune in gambling. It is still good to have a job or a business and make gambling just to pass time. Not relying on it.
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Re: Can you make a fortune by gambling? Can gambling be considered as a source of income?

Postby kat82 » 09 Jan 2019, 06:07

anilmr wrote:We see a lot of gambling sites online. There are also gambling sites which pay in cryotos. Also we see many onshore as well as offshore casinos for gambling.Can one make a fortune by gambling? Can gambling be considered as a source of income? Have you joined any online gambling site and made a good income from it?

I have never tried any online Gambling not even one offline. I fear loosing my money in activities which I find not worth for me to do. I have seen many share how they made it online through gambling but my heart has never accepted thus kind of money making since there are lots of risks and losses involved.
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Re: Can you make a fortune by gambling? Can gambling be considered as a source of income?

Postby katkat » 09 Jan 2019, 06:12

kat82 wrote:
anilmr wrote:We see a lot of gambling sites online. There are also gambling sites which pay in cryotos. Also we see many onshore as well as offshore casinos for gambling.Can one make a fortune by gambling? Can gambling be considered as a source of income? Have you joined any online gambling site and made a good income from it?

I have never tried any online Gambling not even one offline. I fear loosing my money in activities which I find not worth for me to do. I have seen many share how they made it online through gambling but my heart has never accepted thus kind of money making since there are lots of risks and losses involved.

I am scared that I will lose money in gambling. i am sure can't sleep and can't help to think it over and over. So I better stay away from this kind.
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