Making a living gambling

[thesundevil]

Being one that has made the majority of their income from gambling the past 14+ years, allow me to shed some reality on this subject.

1. First and formost, there are many that make their living from gambling, but a very high percentage of these individuals could be making much more money if they pursued other careers, myself included. The trait that most all of these people have though, is a passion for what they are doing and love their job of gambling(Iceman and myself would fit this bill).

2. Many of those that gamble for a living will have looooong droughts of no income(nature of the business), so never out grow your bankroll if you pursue this line of work.

3. If you do choose to become a professional gambler, balance your life with other activities........take time for non-gaming vacations(even if they are only one-day excursions), family and friends.

4. Never get to big for your own britches.........this is so important. Stay within your means, both in your lifestyle and your gambling limits.

5. Pay taxes on your winnings. Keep an accurate diary of all your gambling ventures and be organized.

In closing, I don't recommend this to anyone...........because not only does it take superiour know how, but even after one can make a living at it, they would be better off with their lives with other pursuits. This is not to say that many have taken the right path though, as they love with they are doing and are content in their lives.

Professional gamblers are a rare bird, in more ways than one.

disagree with the part about paying taxes...need to be "streetwise" if you catch my drift.

 

[RDC-3]

i really never understand why you would claim gambling winnings on your taxes if it is an illegal activity. Ive never had this problem since i usually lose but just dont see how or why anyone would incriminate themselves by claiming money from illegal gambling.

 

[professional_capper]

You will do just fine Gator. I will send the email to my brother and he should be getting back to you soon. Fridays are very busy for him. He is on the phones most of the day with college traininers and his scouts getting any inside info he can get for tomorrow's games. He will walk you through all stages of the process. It takes A LOT OF WORK but the end result is PAY DIRT!!!!

 

[krk1030]

i really never understand why you would claim gambling winnings on your taxes if it is an illegal activity. Ive never had this problem since i usually lose but just dont see how or why anyone would incriminate themselves by claiming money from illegal gambling.

They dont care where the money came from, it's not even really illegal. But tax evasion sure is.

 

[thesundevil]

i really never understand why you would claim gambling winnings on your taxes if it is an illegal activity. Ive never had this problem since i usually lose but just dont see how or why anyone would incriminate themselves by claiming money from illegal gambling.

in my opinion if you pay taxes on gambling you dont know what you're doin..

 

[thesundevil]

They dont care where the money came from, it's not even really illegal. But tax evasion sure is.

if you cant see you cant I D...thanks for shopping at walmart.

 

[RDC-3]

in my opinion if you pay taxes on gambling you dont know what you're doin..

ive never heard of anyone claiming their gamb. winnings from offshore....or anyone getting arrested for tax evasion by not claiming their profits from sports gambling.

 

[red007]

in my opinion if you pay taxes on gambling you dont know what you're doin..

i agree

 

[red007]

Being one that has made the majority of their income from gambling the past 14+ years, allow me to shed some reality on this subject.

1. First and formost, there are many that make their living from gambling, but a very high percentage of these individuals could be making much more money if they pursued other careers, myself included. The trait that most all of these people have though, is a passion for what they are doing and love their job of gambling(Iceman and myself would fit this bill).

2. Many of those that gamble for a living will have looooong droughts of no income(nature of the business), so never out grow your bankroll if you pursue this line of work.

3. If you do choose to become a professional gambler, balance your life with other activities........take time for non-gaming vacations(even if they are only one-day excursions), family and friends.

4. Never get to big for your own britches.........this is so important. Stay within your means, both in your lifestyle and your gambling limits.

5. Pay taxes on your winnings. Keep an accurate diary of all your gambling ventures and be organized.

In closing, I don't recommend this to anyone...........because not only does it take superiour know how, but even after one can make a living at it, they would be better off with their lives with other pursuits. This is not to say that many have taken the right path though, as they love with they are doing and are content in their lives.

Professional gamblers are a rare bird, in more ways than one.

well said. i agree with almost everything you said

 

[whalewager]

Made a living strictly from gambling on games. No other source of income period. No jobs on the side.


I can count on my right hand and I'm missing my index finger.

 

[RDC-3]

George Jeff.>>did u ever have any problems not claiming it?

 

[in128770]

Being one that has made the majority of their income from gambling the past 14+ years, allow me to shed some reality on this subject.

1. First and formost, there are many that make their living from gambling, but a very high percentage of these individuals could be making much more money if they pursued other careers, myself included. The trait that most all of these people have though, is a passion for what they are doing and love their job of gambling(Iceman and myself would fit this bill).

2. Many of those that gamble for a living will have looooong droughts of no income(nature of the business), so never out grow your bankroll if you pursue this line of work.

3. If you do choose to become a professional gambler, balance your life with other activities........take time for non-gaming vacations(even if they are only one-day excursions), family and friends.

4. Never get to big for your own britches.........this is so important. Stay within your means, both in your lifestyle and your gambling limits.

5. Pay taxes on your winnings. Keep an accurate diary of all your gambling ventures and be organized.

In closing, I don't recommend this to anyone...........because not only does it take superiour know how, but even after one can make a living at it, they would be better off with their lives with other pursuits. This is not to say that many have taken the right path though, as they love with they are doing and are content in their lives.

Professional gamblers are a rare bird, in more ways than one.

Hey iceman, about two years ago on this site their was a guy??(he had a palmtree for his icon) who talked about this and had a good article attached on money managment using 3,4,5 ratings etc. Have you seen a $ management post like this?
ty

 

[Ruffneck]

You will do just fine Gator. I will send the email to my brother and he should be getting back to you soon. Fridays are very busy for him. He is on the phones most of the day with college traininers and his scouts getting any inside info he can get for tomorrow's games. He will walk you through all stages of the process. It takes A LOT OF WORK but the end result is PAY DIRT!!!!

Funny dude. If your brother really was a proffesional he would not have the time or inclination to screw with some young buck he does not even know. Not everyone can do it. You cannot just decide to do it one day and have a big bankroll and walla. Cash comming in. Have your brother post the outline to winning. I would like to see it. Oh yea he is to busy calling trainors.:missingte

 

[teamrichie]

You will do just fine Gator. I will send the email to my brother and he should be getting back to you soon. Fridays are very busy for him. He is on the phones most of the day with college traininers and his scouts getting any inside info he can get for tomorrow's games. He will walk you through all stages of the process. It takes A LOT OF WORK but the end result is PAY DIRT!!!!

:headbeat:
Almost seems like you are joking...funny thing is you are not joking.
Come on man...I don't know where to start...wow

 

[professional_capper]

I have been a Professional Capper for 10 years and my brothers have been Gambling Professionally for just as long. It is a great life if you have the patience and willpower. My brother can teach you the in's and out's of professional gambling, he will respond to your e mail in the next few days. He is scouting the Patriot League this week for college basketball. He is actually at the George Mason game tonight.

 

[bilbal]

I have been a Professional Capper for 10 years and my brothers have been Gambling Professionally for just as long.

Hey, if it doesn't work out with this guy's bro, I'll set you up with my 2 cousins, they are also pro gamblers, and for 11 years! Actually, maybe they are pro cappers...it doesn't matter, but I promise they will only charge half as much as this guy. :missingte

 

[barman]

I have a brother who's wife's father has a cousin who worked for this guy who lived next door to a woman whose son-in-law was a longtime associate of this famous actor who was once a neighbor of one of the greatest sports cappers of all time.

Send me an email and I'll hook you up.

 

[steaktartar]

I have a brother who's wife's father has a cousin who worked for this guy who lived next door to a woman whose son-in-law was a longtime associate of this famous actor who was once a neighbor of one of the greatest sports cappers of all time.

Send me an email and I'll hook you up.

sent

 

[Halifax]

He is actually at the George Mason game tonight.

He's probably the mascot ... or is that your job ?

 

[TheWolf]

It is very possible to make a living Gambling. Both my brothers are Professional Gamblers. One lives in Henderson NV and is on the WSOP Tour. He also plays Poker on line. My other brother is a Professional Sports Better. He has been doing it for about 10 years and has done very well. He wagers on line with about 8 books and has 2 locals who he deals with. If you have the willpower to know when to hold back and when to go all in you will do fine. He studies line movements, injury reports and he has insiders on a few college teams he has working for him. Great life and the Money is awesome.

Well, I hope he's a better better than you are speller speller.:lol: