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Gambling

12K views 104 replies 38 participants last post by  spermbunny  
#1 ·
So I use to be a degenrate gambler - lost around 50k+ gambling for around 10 years mainly on sports betting. Haven't gambled for around 2 years now and the Gym has been a big part of my recovery.

Wondering if there are any recovering gamblers here - keeps me going when I hear others have been through the same experience and turned their lives around.
 
#7 ·
It's a mugs game because the bookies give you bad odds. When it's a 20% chance of winning, they pay out at 25%, so for example you should win 50 quid off a tenner, but they only pay out 40,and they do this every single bet you can put on, so over time you will always lose.
You can see the real odds on betting exchanges. The bookies like Paddy Power and all them are giving you odds in their favour not yours.
 
#15 ·
Couple of withdrawals I made this year from online roulette. In total this year made around 40k from this. And no my deposits don’t equal anywhere near that amount. Been banned from numerous online Casinos and don’t get given free bonuses anymore because I’d turn the free £10 bonus in to a £200 withdrawal lol
 

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#21 ·
i only bet on sporting events i'm actually watching these days, means even if i lose i can justify the loss somewhat because atleast it made the watch more enjoyable. money well-spent in some respect.

i used to make a few grand a year via matched-betting if anyone is familiar with that. don't think it's as profitable now though and the bookies are seemingly quick to ban accounts they slightly suspect.


do you believe you've got a roulette system to turn the odds in your favour then? +ev over time
 
#34 ·
I don't know why there are still people who gamble when there are Crypto currencies.
Winning with crypto is more likely, losing your bet won't make you lose all your capital.
That’s the difference between a casual punter and not. A casual punter will just place a bet. Someone more serious will have a bankroll…only stake a certain percentage each time and will have some kind of bankroll management plan in place
 
#39 ·
I lost 27k years ago. Unfortunately not all was savings and quite a bit was on a loan and card. Took me 7 years to pay them all off. To me it’s a mugs game and I won’t do it unless it’s an event I’m watching so for added interest eg I bet on Usyk last week as I was watching it. Likewise I’ll bet on fury to win by TKO next week
 
#44 ·
If your primary source of income is gambling you're supposed to pay tax on that income.

I.e if its not your main profession any winnings are not taxable.

Also anyone that thinks it's possible to show a profit playing online casino house games, has no clue about gambling full stop.

Some house games can be beaten "live" , blackjack with the aid of card counting, baccarat with edge sorting, are a couple I can think of. But you'll get banned pretty quickly if you're any good at either of these.

It's possible to win from sports betting if you're knowledgeable enough (very small number probably a good bit less than 0.0001% of all sports gamblers)

Can make a profit from arbing but very difficult these days to make that worthwhile. with the software the bookies use now, the opportunities are limited, and they'll shut you down very quickly when they see what you're doing. Sometimes within 2 or 3 bets , even without a winner.

You can make money consistently playing poker , if you're sufficiently better than the standard of your opponents to beat them and also the rake.
 
#45 ·
That’s what I thought, if it’s your primary source of income then you’d have to declare it. Unless it’s chump change of course. If you’ve got no job and pulling in over 50k then that wouldn’t go unnoticed for too long

I agree, online roulette, slots etc are rigged aren’t they. You can’t beat the system, no matter how good you think are

No one is making a living from that
 
#52 ·
Before my old man cracked the shits with Alzheimer's he always used to point out that you never hear of a betting shop or casino going backrupt. That put me off gambling as it was clear there was only one winner.

He also used to point out most burger vans don't have toilets so where do they pee? Unfortunately that didn't really deter me from a greasy double egg and bacon burger 😬😂
 
#66 ·
At the end of the day I wasn’t trying to flex and sh1t I was simply replying to people saying it can’t be done long term or for a living. It can be and many people are….

Just because I can’t fly a plane doesn’t mean some people aren’t flying planes lol

Have a good evening you b4st4rds lol 🤜🏻🤛🏻
 
#68 ·
Gambling on the stock market can be profitable. Hedge funds etc. I purchased £10000 of shares in Evolution Gaming when they floated on to the market. They provide most of the games on most bookmaker websites live casinos. Was around 6 years and I sold them when they got to £13000 happy with my £3000 profit. That £10000 would now be worth over £250000 as they have just gone up and up and had share splits then carried on going up further.
Why has this share done so well, because they take a percentage of everyones losses who plays live casinos on bookmakers websites.
What I will say gambling with an element of skill such as texas hold em poker can be very profitable and can be your full time job. Players such as daniel negranu, tom dwan, phil ivey. If you look up the winnings they have and lifestyles they have from just playing poker you will see it is possible to continuously win.
 
#71 ·
Put £10 on fury smashing wilder the other week! Had to ask the girl in Ladbrokes how I put a bet on :D

never been a gambler, I work too hard making my money to just risk it like that.
Had one experience when I was working in Brisbane I got dragged to a casino there, I changed £150 in chips which was about 400AUD at the time. Don’t know how to play poker and couldn’t see any tables for “Go fish” or “Snap” so sat at a roulette table, first one the minimum bet was something insane like $1000, got redirected to the poor peoples ones.
Put some chips on red…. It was black
Put some chips on black…. It was red!
This was repeated and I hadn’t won AT ALL! my last few dollars I split onto red and black so at least I could win once… the ball landed on Green!

lost £150 in about 10 minutes. Never again

possibly the best outcome I could have had though?

also I look at places like Las Vegas and all them huge casinos…. They don’t afford to build them by paying out more than they’re making