Why is being a professional gambler so difficult?

Think about it. If you went to a casino 100 times in 100 days (once a day), do you think you could average $10 per day take home? I think I could. Of course I would need to make more than $10 per day to live. But if you can average $10 per day, someone with 10 times the bankroll, all things being equal, could average $100 per day. Everybody has their amount that they need to live on. And many people in the US can live on $100 a day.

So if you have the funds, to begin with, it just stands to reason that you could do it. I do think, however, that poor discipline and money money management would do in most people.

Let's say you get an inheritance check for $50,000. Or let's just say you earned it... whatever. You go into a casino and play roulette at $100 per spin. I think you'd have to be mentally handicapped if you couldn't average $100 per day. Just my opinion though. Hell you'd think you could do this with $5,000 but maybe it would be more difficult than I'm thinking... I don't know.

I will follow this system closely

I am not sure it is this easy. Of course people are good at it. But lines are pretty sharp these days so many games are essentially a coin flip. and at the end of the day the combination of coin flip and Vig = losing proposition.

Go ahead and do it.    Give us an update after a year.  lol 

5k is more than enough to start with. You could build a fortune. Good luck steel cash 

I place only a few bets per month.

Your casino example would be tough. How many people in your example would have the discipline to walk away after one roulette spin?

In the end, greed does everybody in.  The money can comes so easy sometimes that you start thirsting for bigger and better scores.  What starts off as a few bucks turns into hundreds.  Then thousands.  You start to have wild ideas of paying off all your bills and buying fancy things.

Impossible to beat the casino long term. The only persons that are ahead of any casino are the ones who make a big hit on their first visit and never return.

or the ones that own a casino

In your example, what happens if you lose that 1st spin?Say you're betting Red,do you martingale and bet 200 and etc? you will bump up to the limit in about 5-6 losses and if you ever see the tally on most tables there are streaks of 8-12 even bets all the time.There are men who spent there whole lives trying to make a living wage on the table. Only 2 people make money long-term on the table games, those that cheat and those that book the game.

The problem is that the odds are against you in everything you can do in Vegas to make money.  Sports, you are constantly fighting the Vig.  Casino games are built with the odds in the Casinos favor.  The problem with the fallacy of a "professional gambler" is that someone may hit it big, but that only causes them to bet more.  The more you bet, the quicker you lose once the odds catches up with you.

Okay so if you make $100 a day how much are you actually profiting driving there every day? How far away is it from your house and much is gas? Gas is $3.85 here and is a 40 minute highway drive for me one way to the nearest one.

The problem is not living in Nevada makes Sports Betting as a profession supremely difficult...
 
Bookies are a losing proposition.

Overseas Sports Books are very glad to accept a deposit but are not interested in making you wealth... They know if you win too many times it is a fact that you are cheating...

Then if you are lucky enough to live in Nevada (William Hill mobile app good anywhere in Nevada) you stand a chance of making a living off sports bets.... If you have the discipline.

I can pick winners, but not a lot of winners, 3 or 4 solid picks a week that rate a wager. In less than 5 years wifey will retire and I will move to Nevada.

I so look forward to moving to Nevada...

Roulette?  Nice troll.

Exactly right. The house edge in any table game-is in no way affected by stopping & starting at certain intervals. Today-tomorrow-it doesn't matter. Long term-the house edge prevails against any technique of betting. The house edge is not affected by the technique of quitting while you're ahead on a particular day. Unless you know how to count cards in Blackjack-table games are a long term loser.

guys...are explanations really necessary to explain why this isn't a good idea....really?

Post #7 mentioned the discipline to walk away. This is so crucial. It is my number one rule when I play poker at casino's. Usually cash games and I grind at the lower stakes. 1-2 NL or preferable 2-5 NL. The goal is to make and as soon as I'm up, the session is over. 

excellent post Sir the thing with chasing is as soon as you do it you just know you are chasing and what will most likely occur

U can't  And gamble!!! 

Yeah... I know it's next to impossible, especially with roulette. I guess I'm just saying that it doesn't seem to me like it would be, or should be. If it was easy, more would be doing it. I understand that. I would choose blackjack if I were to try, but even the best blackjack players in the world can't make anymore than 30,000 a year consistently. With counting cards, you need to play a lot and it becomes similar to a job. It gets extremely boring, and you still have loing sessions. But take that guy in Atlantic City that took a casino for 4.5 million in one day. I don't know how much he loses when he loses, but he could live off that for the rest of his life. Thing is he probably has a mortgage payment of $100,000 a month or something crazy like that.

That dude got permission to play $100,000 per hand. Fücking insane. At one time he had $800,000 on the table from splitting and doubling down. And he won all of it. I believe the dealer busted.

And actually, if no limit roulette tables exist (I don't know if they do), it would be easy to average $100 or even $1,000 per day if you have an enormous bankroll. You bet 1-12 AND 13-24. You're covering nearly two thirds of the board. If you lose you simply triple your wager for the next spin on each section. With this method, it's rare to lose anymore than 4 or 5 consecutive spins. If you're betting with $100 units, you'll have $200 on the table. Chasing, you'll lay $600, $1,800, $5,400, $16,200, $48,600... I've used this method before and it's very effective. Very difficult to lose four consecutive spins.

no.



NO.




NO.