I'd like to clarify that this topic is distinguished from businesses or entrepreneurs involved in gambling as businesses, such as casino companies, etc., but with a focus on gamblers. I know there are many people who regard themselves as professionals at playing gambling games, but do you ever think that one can make gambling a full-time job and career because of his or her deep knowledge of the games? Can someone bet with little or no loss because it is one of the most unpredictable games to play?
Gambling to my understanding, is a trial-and-error game with uncertain outcomes, unpredictability, and luck. Therefore, professional gamblers must exhibit a deeper than usual understanding of the games, the statistical probabilities, and a high level of risk management skills.
However, it is critical to realize the risks involved, which include unstable financial circumstances and potential addiction problems. So, pursuing a gambling career should be approached with serious caution, and gamblers ought to be well-informed about the accompanying problems. Furthermore, I believe that having various sources of income and taking calculated risks will be highly beneficial.
But, in a broader sense, can you make gambling a career path, abandoning all other sources of income to focus entirely on it?
If so, why?
If not, please advise!
Yes, definitely. There are two main ways that I've seen people turn gambling into a career.
First is that they become traders at sportsbooks like Bet365. Essentially when you place a bet on Bet365 there are often traders who review your bet and see if they are getting good betting flow. They have less of an opinion on whether or not a team is going to win a particular game but more of a focus on managing their positions so that they don't go bankrupt when a long-shot team wins.
Second is games of skill, such as poker, and advantage play in Blackjack. People can make a reliable living with these games if they are good.