Do you believe gambling can effectively serve as a viable source of income, or do the risks outweigh the potential rewards?
No, never, and it cannot be effectively a viable source of income. You don't put your money on something that has a risk involved and expect something in return; even if you are good at analysis, there is no guarantee of return. Those who lose their fortune on gambling started with the mindset that they can make a lot of money or make gambling a source of income.
Having this mindset will get you in big trouble that you will regret later.