As a professional gambler, I can tell you straight up, that the probability of getting rich from any form of wagering is pretty slim. Yes, there have been people whose stories you have heard of, getting lucky and winning lottery and/or Megabucks jackpots, or winning the World Series of Poker. But if you take all the people who actively gamble in an effort to make money, you'll find out that few have the skills and discipline to consistently make money, and even fewer get rich. One's specialty (table games, slots, video poker, live poker, sports betting, etc.) is irrelevant.
In general, about 90% of all gamblers will end up as net losers. About 8-9% will be able to come out ahead, but not by any significant amounts. Only the top 1-2% of gamblers are able to make a living at it, and just a fraction of those in the 1-2% end up wealthy because of it. Amongst my closest friends are a couple who as professional gamblers, made over $100,000 per year during 14 years of a 15-year span (the one year they didn't, they lost about $50,000). They live decently but are by no means rich.
Although I don't take up sports betting (my specialties are video poker and slot machines), my blog/ulog basically shows what happens on a day-to-day basis with professional gambling. I'm considered a low-level player but am looking to move up in stakes as my bankroll grows, but even at the lowest levels, there can be some really ugly losses.
I don’t think so that one can get rich by betting or gambling.
There is possibility that he/ she can get some money through gambling but I don’t think so that he/she can get so much to be a rich.
Other point is that if someone get a big wining in the gambling in one turn in another term he/she will lose the money, so in the end he/she can’t make huge money.
I have heard rich people getting poor through gambling but I haven’t heard someone getting rich through gambling.
The probability is 1 to none, or should I say very slim and this is because gambling is an addiction, one that's hard to break.
There have been research of people who got substantial amounts from sports betting or any betting, but kept going back in the hopes of winning higher amounts until the entire money won was sqandered.
On a personal level, there have been friends who have become impoverished due to sports betting.
It is possible to become rich from sports betting, but only if you are strong enough to walk away when you finally hit it big (an occurrence which seldom happens anyways).
When you toss a coin, the probabilityof getting either a Head or a Tail is half, thats how gamble is. in this wise you either loose or win. Most people seldome beat the game because those incharge always outsmart the gamblers so its difficult to get rich by gambling. However, betting is a bit different because to some extent you are sure of your pick.for example if Manchester city is playing with wigan Athletic, to a reasonable extent we know that mancity is far better than wigan so staking on mancity gives a kind of hope that the right club is picked and you will have to pick more games to get a better odd and you also need to stake high to make better amount from it but what if the Table turns the other way round, you lose your money and get discouraged. Thats why its difficult to get rich through betting and gambling but still some people get pretty cool cash through it.So the probability of getting rich by betting or gambling is not high as you can also lose your money but some people still find their way around it and make thousands of dollars from it through their fareless.
Sports betting is a gamble and gamble is a luck, sometimes it boils down to destiny and smartness, i have seen a lady that won over N10M in a single betslip. Some people win and invest with it, while some win and squander the money. But smart people invest as they get breakthrough.
But one thing i know that most people that will big money on beg never put their hope on it. They take it as it comes. But if you put all your hope on it, you will be doomed. Bet miracle comes to those that list expected it.
As a professional gambler, I can tell you straight up, that the probability of getting rich from any form of wagering is pretty slim. Yes, there have been people whose stories you have heard of, getting lucky and winning lottery and/or Megabucks jackpots, or winning the World Series of Poker. But if you take all the people who actively gamble in an effort to make money, you'll find out that few have the skills and discipline to consistently make money, and even fewer get rich. One's specialty (table games, slots, video poker, live poker, sports betting, etc.) is irrelevant.
In general, about 90% of all gamblers will end up as net losers. About 8-9% will be able to come out ahead, but not by any significant amounts. Only the top 1-2% of gamblers are able to make a living at it, and just a fraction of those in the 1-2% end up wealthy because of it. Amongst my closest friends are a couple who as professional gamblers, made over $100,000 per year during 14 years of a 15-year span (the one year they didn't, they lost about $50,000). They live decently but are by no means rich.
Although I don't take up sports betting (my specialties are video poker and slot machines), my blog/ulog basically shows what happens on a day-to-day basis with professional gambling. I'm considered a low-level player but am looking to move up in stakes as my bankroll grows, but even at the lowest levels, there can be some really ugly losses.
I'd like to think that betting is skill based and gambling is luck based.
The chances of getting rich by Sport betting is low, but there are a lot of people who make good money, and even living off of it.
They are just good at it.
The chances of getting rich by gambling is as low as winning the lottery.
It's just luck, and you don't have the better odds.
The house always wins
I don’t think so that one can get rich by betting or gambling.
There is possibility that he/ she can get some money through gambling but I don’t think so that he/she can get so much to be a rich.
Other point is that if someone get a big wining in the gambling in one turn in another term he/she will lose the money, so in the end he/she can’t make huge money.
I have heard rich people getting poor through gambling but I haven’t heard someone getting rich through gambling.
The probability is 1 to none, or should I say very slim and this is because gambling is an addiction, one that's hard to break.
There have been research of people who got substantial amounts from sports betting or any betting, but kept going back in the hopes of winning higher amounts until the entire money won was sqandered.
On a personal level, there have been friends who have become impoverished due to sports betting.
It is possible to become rich from sports betting, but only if you are strong enough to walk away when you finally hit it big (an occurrence which seldom happens anyways).
When you toss a coin, the probabilityof getting either a Head or a Tail is half, thats how gamble is. in this wise you either loose or win. Most people seldome beat the game because those incharge always outsmart the gamblers so its difficult to get rich by gambling. However, betting is a bit different because to some extent you are sure of your pick.for example if Manchester city is playing with wigan Athletic, to a reasonable extent we know that mancity is far better than wigan so staking on mancity gives a kind of hope that the right club is picked and you will have to pick more games to get a better odd and you also need to stake high to make better amount from it but what if the Table turns the other way round, you lose your money and get discouraged. Thats why its difficult to get rich through betting and gambling but still some people get pretty cool cash through it.So the probability of getting rich by betting or gambling is not high as you can also lose your money but some people still find their way around it and make thousands of dollars from it through their fareless.
Sports betting is a gamble and gamble is a luck, sometimes it boils down to destiny and smartness, i have seen a lady that won over N10M in a single betslip. Some people win and invest with it, while some win and squander the money. But smart people invest as they get breakthrough.
But one thing i know that most people that will big money on beg never put their hope on it. They take it as it comes. But if you put all your hope on it, you will be doomed. Bet miracle comes to those that list expected it.