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Online Casinos in general: Can you make money gambling? (Page 10)

Topic created on 17th Sep. 2020 | Page: 10 of 11 | Answers: 100 | Views: 22,638
Dutch78
Expert

Can you make money gambling?

25th Sep. 2023, at 02:31 pm CEST#92
8 Likes
Yes, you can make money gambling, you just have to see it from the casino's perspective.

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Iknowyou
Experienced

Can you make money gambling?

25th Sep. 2023, at 04:08 pm CEST#93
0 Likes

Nobody has liked this post so far
So I still know a legend from the Spielo times. 10 years ago by the way. The person in question is said to have always won in the Spielo and thus paid his rent
once a month this person came to the Spielo and cleared out one machine after the other.

BUT no. You cannot earn money with it. Especially not with slots. You can be lucky and win an enormous amount. And if you are really lucky then you stop gambling forever. Then you are in the plus.

Of course there are professional Poker players and the like. But until you get to the point where you can live off it, you're always on the edge of the abyss

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l****4

Can you make money gambling?

25th Sep. 2023, at 06:05 pm CEST#94
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While it is possible to make money through gambling, it is not a reliable source of income for most people. Casinos have a built-in advantage, and gambling involves risks and volatility. It's important to view gambling as a form of entertainment, set a budget, and be prepared to lose the money allocated for it.
Harald_B
Amateur

Can you make money gambling?

25th Sep. 2023, at 11:33 pm CEST#95
2 Likes

Liked this post: Avatar von Max_Bet Max_Bet, Avatar von TWiSTeD TWiSTeD
the only ones who make money with it are the slotstreamers and the booths

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bruffl
Expert

Can you make money gambling?

26th Sep. 2023, at 11:38 am CEST#96
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I don't know who the name QXXXXXXXXy means anything to.
He specializes in sports betting.
He has customers who pay for his services.
He specifies exactly which bets are made with which Provider and in what amount
are made. Everybody can set his starting capital at the beginning of the
set. The last years he has managed to double the stakes most of the time...
He watches every game of the 1st and 2nd BL....

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Stromberg
Legend

Can you make money gambling?

26th Sep. 2023, at 12:31 pm CEST#97
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bruffl wrote on 09/26/2023 at 11:38 am: I don't know who the name QXXXXXXXXy means anything to.
He specializes in sports betting.
He has customers who pay for his services.
He specifies exactly which bets with which Provider and in what amount
are made. Everybody can set his starting capital at the beginning of the
set. The last years he has managed to double the stakes most of the time...
He watches every game of the 1st and 2nd BL....

I do not know the and so could not find anything directly😄


That there are people or even small companies that successfully earn money with sports betting, I've also often read about it and their interviews on the subject etc...

But I have actually always taken the following points for me...:

More important than to know a lot about a sport is to look at the mathematical side. The pure statistics and odds developments, to find the right time when the quote is highest to get a few percent more out. Not necessarily only the encounter with its facts plays a role, but also how the market, so the other bettors, the odds influenced.
Everything to get a few percent more out and thus have value in the quote, the event thus better estimate than the bookmaker and the mass.

Which then leads to the point that the wins on a long term even with professional sports bettors in a single-digit percentage range, whereby very high stakes must be driven to earn money.

These few percent would be eaten in Germany probably by the wettsteuer or equivalent the worse odds at providers without wettsteuer.
And if not, you would be limited relatively quickly.

So I don't want to rule that out now, that he is so successful and doubles the starting capital in one year.
After everything I've read, however, that seems to me as a permanently functioning concept somehow unlikely.

An interesting interview on that I also but not only refer to can be found under the Google - search: how a betting professional makes over a million....
Link I may not believe that...

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bruffl
Expert

Can you make money gambling?

26th Sep. 2023, at 02:39 pm CEST#98
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that's exactly how it looks.
Very well described by you......
It takes only a maximum number of customers,
costs 50€ per month.

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Stromberg
Legend

Can you make money gambling?

26th Sep. 2023, at 02:56 pm CEST#99
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bruffl wrote on 26.09.2023 at 14:39: exactly so it looks.
Described very well by you......
It takes only a maximum number of customers,
costs 50€ per month.

Whether it is worth it no idea, but the general tips for betting are interesting.


The best Tip refers to the casino offer of the bookies.... "leave it, you can only lose there" 😄

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schwede666
Top Member

Can you make money gambling?

26th Sep. 2023, at 08:36 pm CEST#100
3 Likes
Years ago I was working for "bonuswhores" and tried to earn money by playing Poker (logically much more than in a usual employee relationship). The requirement was to open an account with different providers and to play the associated Bonuses in ring games. According to "bonuswhores", this would have theoretically generated an annual salary of at least $40,000 (around €75,000 at the time).

I did it for almost a year. Apart from the fact that you should keep your stack in the ring games and not lose under any circumstances, I had to play almost daily 7-8 hours at up to 8 tables at the same time. You can literally feel how it pulls the grit out of your brain - no fun.

In the end, I quit at $25,000 and went back to work as a department manager in retail. I didn't play poker again for 3 years after that.

Gambling is the child of greed, the brother of futility, and the father of disaster. (George Washington) - Well, you can't choose your "relatives", that's well known...

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Basitbulusi

Can you make money gambling?

29th Sep. 2023, at 09:08 pm CEST#101
0 Likes

Nobody has liked this post so far
Well, it's like this - some folks have Lady Luck on their side, while others find themselves in the red. It's all part of the game, right?

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