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[Salimo1]

I was a very active member of BET 365 site , I used to bet each day on some sports events of football and tennis , I won for 7 consecutive days so I was glad with the Idea that betting may be a source of income if we know how to play but in the eighth day I lose all what's earn in the previous days almost .
So in my opinion betting will never be a source of income even if we are lucky enough to win a huge amount of money , cause we are always threatened to lose , what's your opinion so far ?

 

[Balint098]

Only a few with enough capital to cover their loses can earn a living exclusively through gambling. It's way too risky for many. You need to be a millionaire first to be able to really on gambling as your sole method of bread winner.

 

[Vladv26]

I think you can consider betting as a source of income only when you've become a professional. I've heard of many people who make a living out of betting but they've done this their entire life and they are professionals. What does it mean to be a professional? It means to spend a lot of time everyday (hours) analyzing the matches, the teams, the news, the press and everything else. It also means having the knowledge of how to manage your money, your bets, and how to be responsible. Basically betting has to become like your daily job if you want to consider it a source of income

 

[Salimo1]

I think you can consider betting as a source of income only when you've become a professional. I've heard of many people who make a living out of betting but they've done this their entire life and they are professionals. What does it mean to be a professional? It means to spend a lot of time everyday (hours) analyzing the matches, the teams, the news, the press and everything else. It also means having the knowledge of how to manage your money, your bets, and how to be responsible. Basically betting has to become like your daily job if you want to consider it a source of income

Yes that's could be correct cause betting is time consuming , so you only should be on football if you would be somehow a succesful better , but even though it is always the risk of losing money cause sometimes happen a very surprise scores without any hint before .

 

[Salimo1]

Only a few with enough capital to cover their loses can earn a living exclusively through gambling. It's way too risky for many. You need to be a millionaire first to be able to really on gambling as your sole method of bread winner.

I agree with you there are more opportunities for rich gamblers than poor cause if this rich gambler bet 1% of his fortune that may worth all poor gambler capital , so the loss for the rich will be pitty but for poor will be catastrophic .

 

[Mariappa45]

Their are persons whose income also comes from betting, I recently won $250 from sport betting. I never believed it until everything coloured green and my winnings showed the total funds of $250 when converted from my local currency to USD. Some aren't fortunate too around betting, that's how the game is all about, not everyone's thing to make profit.

 

[Dav1d]

I know of some persons who sees betting and also consider it as a source of income but personally I do not. Betting is risky, there is no guarantee that you would come out on top, to crown it all not all bets brings in big catch. You cannot rely on betting, instead you would end up becoming addicted to the point you are willing to do anything just to bet. I would advice anyone who wants to bet to rather in best in forex trading.

 

[Salimo1]

Their are persons whose income also comes from betting, I recently won $250 from sport betting. I never believed it until everything coloured green and my winnings showed the total funds of $250 when converted from my local currency to USD. Some aren't fortunate too around betting, that's how the game is all about, not everyone's thing to make profit.

That's really good my friend , 250 $ is good income , do you earn it from Bet365? so how much was your stake ?
I think that it is not easy to combine many scores with each others especially the company is too smart when it comes to rates .

 

[Mariappa45]

That's really good my friend , 250 $ is good income , do you earn it from Bet365? so how much was your stake ?
I think that it is not easy to combine many scores with each others especially the company is too smart when it comes to rates .

Nope, I didn't use a foreign bet to wagger such profit from betting. I didn't predict on my own, I funded the money to my siblings local betting account called 'bet9ja.com, they did the mathematics and won the bet for me. I simply offered them reward for the marvelous job they did. I entered with $5.50 and won total of $250 when converted to USD from my local currency.

 

[btaliat]

Betting should not be considered as a source of income no matter the winning spree. I can bet that the poster has well has lost countless time before he won all what he won. It is just a game of luck which wining is not guaranteed. But it can be seen as a side hustle.

 

[Ivanr01]

Well depends from that how much time you lose doing it and how much cash you earn doing it.. It is like forex -> you cant win everytime,but when win you must be able to recover the lost amount. Else this cant be marked as source of income.

I have earned before time for one hour gambling $10..Yes this is my daily income for offline work,but I have lost double than I have earned. If you feel lucky,you can try gambling. If it is going well,you can make it source of making money.

 

[CyberPreNurse]

Betting is a source of income, but is is only for those who know how to discipline themselves to see that they are doing it in moderation. If one does not do like this, you would end up being addicted to it and losing out always. It is only a small number of individuals that are into betting and are successful though.

 

[Dora_WalletInvestor]

I don't think it's a good idea to treat it as a source of income, just like you said - it can be very unpredictable. If you don't risk too much, you might find that the occassional win is a good addition to your budget but you shouldn't count on that money since the risks of losing are high.

 

[RioRio]

Gambling income is any money that is generated from games of chance or wagers on events with uncertain outcomes. This income is fully taxable and must be reported to the Internal Revenue Service (IRS).

 

[Fayiz]

I was a very active member of BET 365 site , I used to bet each day on some sports events of football and tennis , I won for 7 consecutive days so I was glad with the Idea that betting may be a source of income if we know how to play but in the eighth day I lose all what's earn in the previous days almost .
So in my opinion betting will never be a source of income even if we are lucky enough to win a huge amount of money , cause we are always threatened to lose , what's your opinion so far ?

I Have Experience In Betting Site. I Used Stake.com to Bet I am Always Like This Starting With Some Small Investment And Make 10-20 Times Of Investment Within Few Days But Final esult Is Always Same.Losing Of All Of Investment and Profit In Single Bet.Always Like This At One Point Its Very Difficult To Contoll Your Self Leads to Deppression

 

[cashisking86]

I was a very active member of BET 365 site , I used to bet each day on some sports events of football and tennis , I won for 7 consecutive days so I was glad with the Idea that betting may be a source of income if we know how to play but in the eighth day I lose all what's earn in the previous days almost .
So in my opinion betting will never be a source of income even if we are lucky enough to win a huge amount of money , cause we are always threatened to lose , what's your opinion so far ?

Not straight gambling no. You need to understand the concept of value in betting odds if you are going to make money long term.

 

[Rollerkid]

It could have been a source of income but the risk associated with is unmanageable. Even though you can make good sum of money with gambling, it is better to leave else you will have yourself to be blamed.
Addiction is very bad and gambling can make you spend your monthly income without taking a second thought due to addiction and with the hope that you will win.

 

[unhappytriad]

I was a very active member of BET 365 site , I used to bet each day on some sports events of football and tennis , I won for 7 consecutive days so I was glad with the Idea that betting may be a source of income if we know how to play but in the eighth day I lose all what's earn in the previous days almost .
So in my opinion betting will never be a source of income even if we are lucky enough to win a huge amount of money , cause we are always threatened to lose , what's your opinion so far ?

Betting is a game guided by greed. It is more like people seeking an easy way out to make funds in the end it's not worth it for many. It's more like stealing or robbing peter to pay paul. Why you earn another is losing his funds to you. And the owners or platform makes the most gain out of it. In the end one becomes addicted same addiction that hard drugs have.

 

[Mikesax]

As for me I can never consider betting as a means of income because am not used to it beside its highly risky and can ruin somebody's life if care is not taking.

Though some people do sees it as a source of their income mainly because they are use to it before and some of them are professionals in playing it because they ussually win.

 

[dorcasy]

You were lucky you stopped sport betting earlier unlike some of us that keep pushing hoping to get to the final root of knowing the secret and making the imaginary millions we fantasize about. Betting have ruin alot of people and it's safe to say that you can only benefit when you own a betting store or run a betting site.