Is gambling an at all feasible way to make money, or is it a completely...

LuckyDusty
LuckyDusty

Is gambling an at all feasible way to make money, or is it a completely retarded endeavor which every half-intelligent person should avoid?

JunkTop
JunkTop

@LuckyDusty
Depends if you win or lose

StrangeWizard
StrangeWizard

@LuckyDusty
depends on the game, and how well you can play it.

Slots: You might as well just find a clerk and give them your money
Craps: Just don't go nuts
Blackjack: Depends on the dealer and the amount of decks
Horse racing: Ahahahahahahahahahahahahaha
Lotto tickets
AHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA
Poker
Really depends who you are playing with. There are people who really know what they are doing, and will eat you alive.
Bingo
Go back to watching Matlock Grandma
Cock/Dog/Insect/Midget Fighting
You sick fucking bastard
Boxing
Don't bet on the white guy
Sports
Depends on the sport, don't piss off bookies
Guessing how many Jelly Beans in a jar
Nigga are you that desperate?

New_Cliche
New_Cliche

@LuckyDusty
the house always wins, and thats made sure of

whereismyname
whereismyname

@LuckyDusty
its the latter

Need_TLC
Need_TLC

@LuckyDusty
Adult Chuckie Cheese

If you need money, don't gamble

Raving_Cute
Raving_Cute

@LuckyDusty
It is possible to be a long term winner in poker. It is possible to count cards and make money at blackjack.

Both of these things are not easy for most people and the time and energy put into mastering them could be put into something else for better returns. Plus there can be massive volatility even when playing +EV leading to highs and lows. Really not a great way to make a living.

Every other form of gambling is a losing proposition in the long run regardless of how much you master it.

Garbage Can Lid
Garbage Can Lid

@New_Cliche
cry about it a little more

farquit
farquit

@LuckyDusty
any games that require you to play against the house are most likely going to lead to a net loss for you. Card counting can be detected by most reputable casinos but I know a few people who've been able to make some money off of it at places like wendover.

Poker is probably your best shot but it requires a very specific type of person to be successful at it. Emotions must always take a back seat to your playing strategy and the goal is to make a profit in the long run, not win every game. You will certainly experience large losses and large gains if you play long enough but never let it get to you.

Develop your game as you learn more. If you have access to online poker make sure the site is very reputable and has a simple and fast withdraw system. After you play small stakes for a while get used to multi tasking with multiple tables.

This is what I can think of off the top of my head, I'll see if I can add anything later.

BlogWobbles
BlogWobbles

@StrangeWizard
Really depends who you are playing with. There are people who really know what they are doing, and will eat you alive.

This This This!!!

Had a modest living in Vegas for a while grinding out low stakes games and within 15 minutes of sitting down at a random table was able to suss out who was predator and prey.

FastChef
FastChef

@LuckyDusty
Games of fortune aka actual purely luck-based gambling: Completely retarded and a sure-fire way to lose money. You'll never get >50% odds in your favour.
Games of skill (even with a large luck-based component like Poker): Definitely feasable to make money, but - you guessed it - it depends on your skill.

@Raving_Cute
It is possible to count cards and make money at blackjack.
Unless you're playing with your friends: Fuck no! Even if they haven't switched to shuffling the dealt cards back in, they'll use 8 decks in the shoe and swap shoes if it ever gets below 2 decks worth of cards. The days of card counting in casinos are over. A game where ideal play by the customer leads to an expected negative pay-out for the house will never fly again. The thing with Blackjack is, that nobody ever ran the numbers until the MIT guys. The casinos simply didn't know they could lose. These days every casino has mathematicians and computers.

@farquit
This. Play conservative (Super System is a good place to start). Base your decisions exclusively on math until you build a reading skill and poker intuition. Math will always be the main part though. Then it boils down to frequency. If you have the skill you are expected to win >50%, but there is still a huge luck component that can and will royally fuck you over. That's why you need volume. If you have 52% odds of winning and you play 100 games, you might end up with 60 lost. But if you play 10k games, you'll get close to the actual odds and guarantee a net profit - hence why online poker and multi-tables are so popular among good players.

Supergrass
Supergrass

@FastChef
8 decks in the shoe
don't sit at those tables m8. plenty of 4,2,1 deck tables where I'm at and they run full shoes.

You're wrong if you think it's impossible to make a little bit of money counting cards before they come over and restrict your bets to the same size every hand. You might not know as much about counting as you think.

Stark_Naked
Stark_Naked

5 knuckle shuffle is pretty winnable.

Crazy_Nice
Crazy_Nice

@StrangeWizard
I have made a good amount of change kidnapping midgets and training them to be prize fighters. Everytime they win i let them fuck my sister as a reward. My sister is basically my slave at this point and i tell her to make the midgets fall in love with her and she lies to them telling them she loves them and she will help them escape if they can survive another match. Eventually the midgets start succumbing to their battle wounds. I will either have my boys bet against them or i will sell the midget off to a local midget fetishist who will fuck the little guy in the ass till he dies.

You would be surprised how big midget fighting/fucking is here in Romania.

iluvmen
iluvmen

@LuckyDusty

Poker is probably the only game you have a chance at making money playing, and only because you're playing against other idiots.

Table limits ensure you'll never win long term against the house in games like blackjack. If you manage to get ahead in a table game, quit immediately.

Stark_Naked
Stark_Naked

@LuckyDusty
Soros is making billions off currency fluctuations and macro economic movements.

You plan on making money of lotteries and cards.

Come on man, it is degenerate and pleb as fuck.

TreeEater
TreeEater

@LuckyDusty
Check wizard of odds site

Emberfire
Emberfire

@TreeEater
lol everything's rigged xD

Yeah real helpful

Dreamworx
Dreamworx

As long as the payout amount/chances to win are more favorable to you the player and you can stay disciplined with betting the way that exploits these favorable odds

Raving_Cute
Raving_Cute

Seems a lot of misconception here. I'm just gonna say the facts that I know. Sports betting can be long term profitable, bookmakers will restrict and close winning accounts, however there are exchanges which usualy only put a premium charge on massivley succesfull players. Betting on mainstream sports with lots of info available will never +ev, horse racing however is an exception to this as the bookmakers use a purely statistics based pricing model (with obvious exceptions like injuries etc..) so it can be very profitable if you know what to look for and you can get in early. Most pro gamblers stick to Asian bookmakers with huge limits like SBO also Pinnacle rarely limits and takes large bets.

And of course poker is very profitable and probably the most consistent type of gambling income, considering you make money off others rather than a house.

girlDog
girlDog

@Raving_Cute

bookmakers will restrict and close winning accounts
Does anybody have experience with this? How much profit are you "allowed" to make until your account is closed?

DeathDog
DeathDog

@Crazy_Nice

ahahahha jesus fucking christ

eGremlin
eGremlin

@Emberfire
It's the truth. How do you think casinos turn profits?

Stupidasole
Stupidasole

@Crazy_Nice
wtf

Spazyfool
Spazyfool

@Emberfire
Its literally the answer to your question. Making profit from gambling comes down to finding (temporary) niches where you can get positive ev and banging max profit out of them while they last.
If you are not capable of understanding that dont gamble.

MPmaster
MPmaster

@Emberfire
Let me give you an example. There where video poker machines back in the day where a very specific play style gave the player like a .25 edge on the house. Some people found out before casinos did and went on the (suicide by boredom inducing) grind while it lasted.
Another example was blackjack counting before cadinos found out.
Since the wizard of odds site is already too much for your brain to handle id wager you are not going to find such an exploit. So id say dont gamble, its -ev for you.

Boy_vs_Girl
Boy_vs_Girl

@girlDog
Yeah I've had loads of accounts limited, opened in friends/ families names and had those limited as well. Bookmakers are more likely to limit or close accounts if they detect certain betting patterns, the most obvious being you follow a succesfull tipster or pool (I forget the name for these, but they work slightly differently from tipsters) other things is if you are just betting on low liquidity games ie, Russian 3rd division, which was known as a bit of a gold mine on bet365 a few years back when they could not price it correctly to save their lives.
They also limit for arbitrage traders but I have no experience of this myself. Generally you can make £10k betting on the English Premier League and they are unlikely to limit you because they fully expect variance to kick in and you to be -EV, infact you can be limited without making any money. Most bookmakers keep an eye on certain accounts, interestingly if you open up an account as a female they instantly monitor this account because they know people will get their gf's, mothers etc.. to open accounts on their behalf's.

The most likely to limit and the quickest is Bet365, but it's also the quickest to make money with because of the huge amounts of markets and amount they're willing to lay, a pro gambler would probably be willing to pay £150-£200 for a "clean" bet365 account.
William Hill is pretty decent, forget the lays as it's been so long since I've had a clean one but they are decent, few hundred on low league AH markets at least, also they never limit losing accounts, one of the few to do this.
I made a bit of money out of sports betting, could've made more, haven't done well in asia or pinnacle, and exchanges can't really get much money down. But if you have any questions about expectations or whatnot I'd be happy to answer, gambling has always interested me, I'm a part time poker player nowadays, prefer it to sports betting and is definitely more of a long term viable option.

Deadlyinx
Deadlyinx

@LuckyDusty
Poker yes. But it's not dumbass Hollywood "epic poker face xDDDD ALL IN" bullshit. It's really about patience, the math, and making informed, thoughtful decisions. Online poker is harder (tougher opponents) but you will be able to put in significantly more volume and you get to "work from home". Live poker is full of donks but you'll need to jump right into 1/2 where you should have a $8k bankroll and it's a much slower grind.

If poker comes back to the USA though and you've already honed your skills online poker will be free money.

Every single other casino game is a complete and utter waste of time and money. Stay away.

viagrandad
viagrandad

@Deadlyinx
I think the biggest myths holding people back in poker is how large your bankroll needs to be buffered.

Sure, it's great in theory to have 50-100 buyins for your stake level, but it's typically just not feasible for new players. And no, I'm not exactly advocating taking your entire net worth and jumping into a 5/10 game either. But people look at that $8k number you suggested for 1/2 and think, "Man, I'll never have that much saved. May as well not play if the pros said I can't win without that figure."

Being more judicious with your table selection and decision making on the felt, you can get away without having a "proper" bankroll for what you stakes want to play.

In other words, I guess I'm encouraging people to take more shots.

SomethingNew
SomethingNew

@StrangeWizard

This was a very inefficient way of saying the only game you might be able to make money on is poker.

Methshot
Methshot

@Deadlyinx
@viagrandad
i like having 15 bi so that'd be about 3k at 1/2
unless of course you have a steady stream of income
and shot taking is actually the thing needed to break through the higher stakes

TalkBomber
TalkBomber

@viagrandad
online there are better ways to build rolls than cash games imo.

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