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Anyone here dont need to work,just depend on gambling soccer to survive???

Betsycrant said:
I've heard of people who make a living from it. It can be quite risky to rely solely on soccer betting for income, though.
Click to expand...

The Crow said:
十赌九输 I had encountered so many cases ... :o-o:
Click to expand...

Unless you know the 'secret code' like @sbfuncle , else better avoid at all costs except the occasional big match or WC bet for fun.

I betted for years with all kinds of strategies still lose money overall, worsen by high margin by SP pools at around at least 12%. So the moment you bet, you already potentially lose this margin, LOL.

If can win most of the time, nobody need to work already...

As mentioned before, Singapore Pool's profit margin is at least 12% for 1x2 bets. Means no matter how you bet you will lose 12% in the long run. Usually you will lose more because you anyhow hoot trying to recoup losses. You might make a few small wins, but once you encounter one big loss, you will try to chase losses, end up whole bankroll also gone, GG. Ask Mark Lee.
https://www.8days.sg/entertainment/local/mark-lee-gambling-debt-200k-take-hand-creditor-681621

See for yourself...LOL:

https://www.pinnacle.com/en/betting-resources/betting-tools/margin-calculator

Using live Austin FC vs LA Galaxy (Live) 1x@ odds on 25 Sep 2023 as example:
Screenshot-2023-09-25-130003.png

.
.
.
 
k1976 said:
十赌百输，because most even lost their wives, dotters, sons, bros and sisters as well...

U are lucky to escape with your underwear
Click to expand...
1 case to share. there is a boss earning $600 per day but due to gambling now working part-time earning $15 - $20 per hour ... :o-o:
 
There is quite a number of jobless punters gambled professionally on soccer matches & horse racing.
 
SMall case...my dad had a friend who inherited a number of assets in HK / MY / SG...all lost in option trading in 1997-2001 Asian Finacial Crisis and Dot.com Bubble..turn mad and gone missing
The Crow said:
1 case to share. there is a boss earning $600 per day but due to gambling now working part-time earning $15 - $20 per hour ...
Click to expand...
 
k1976 said:
SMall case...my dad had a friend who inherited a number of assets in HK / MY / SG...all lost in option trading in 1997-2001 Asian Finacial Crisis and Dot.com Bubble..turn mad and gone missing
Click to expand...

Options trading is the most risking form of stock trading which is worse than forex as most retail traders will fall into the trap of using volatility and trade with high leverage to try to get rich overnight.

All those ranjiao youtube masterclass videos advocating nonsense that options trading has 'maximum upside but minimum downside' should be banned and jailed. esp. that CB farker who keep boasting that he retires at Age 28 as SAF officer and 'I was fortunate to be mentioned by Mary Buffet' LOL.
 
Hightech88 said:
Unless you know the 'secret code' like @sbfuncle , else better avoid at all costs except the occasional big match or WC bet for fun.

I betted for years with all kinds of strategies still lose money overall, worsen by high margin by SP pools at around at least 12%. So the moment you bet, you already potentially lose this margin, LOL.

If can win most of the time, nobody need to work already...

As mentioned before, Singapore Pool's profit margin is at least 12% for 1x2 bets. Means no matter how you bet you will lose 12% in the long run. Usually you will lose more because you anyhow hoot trying to recoup losses. You might make a few small wins, but once you encounter one big loss, you will try to chase losses, end up whole bankroll also gone, GG. Ask Mark Lee.
https://www.8days.sg/entertainment/local/mark-lee-gambling-debt-200k-take-hand-creditor-681621

See for yourself...LOL:

https://www.pinnacle.com/en/betting-resources/betting-tools/margin-calculator

Using live Austin FC vs LA Galaxy (Live) 1x@ odds on 25 Sep 2023 as example:
Screenshot-2023-09-25-130003.png

.
.
.
Click to expand...

Then why still got ppl can earn living from gambling??
 
jurongkechil said:
Then why still got ppl can earn living from gambling??
Click to expand...

Let me answer you in the style of @Willamshakespear :

You're right, gambling is inherently risky. The odds are always stacked in favor of the house, meaning casinos and other gambling establishments are designed for you to lose money in the long run.

However, there are a small number of people who are able to make a living from gambling. Here's why:

  • Skill-Based Games: Some casino games involve a significant element of skill, like poker or blackjack. By developing expertise in these games, players can gain an advantage over the house and potentially win money consistently. This requires a deep understanding of the game's rules, odds, strategies, and even psychology of other players.
  • Advantage Play: Some gamblers exploit weaknesses in casino games or systems to gain an edge. This could involve things like card counting in blackjack or identifying patterns in roulette. It's important to note that these techniques are not always legal and casinos can take countermeasures.
  • Disciplined Bankroll Management: Successful gamblers meticulously manage their bankroll, the amount of money they set aside for gambling. They only bet a small portion of their bankroll at a time, minimizing losses and maximizing the potential for winnings.
  • Focus on the Long Term: Professional gamblers understand the inherent ups and downs of gambling. They focus on winning over a long period, accepting there will be losing streaks along the way. They don't chase losses or gamble recklessly.
But here's the important caveat:

For every successful professional gambler, there are countless others who lose money. The vast majority of people who gamble do so for entertainment, and the casinos know this. The allure of a quick win and the ease of losing track of time can easily lead to financial problems.

So, while it is possible to make a living from gambling, it's incredibly difficult, requires exceptional skill, discipline, and a healthy dose of luck. It's not a recommended path for most people.

Source: Google AI
------------------------------
 
Hightech88 said:
Let me answer you in the style of @Willamshakespear :

You're right, gambling is inherently risky. The odds are always stacked in favor of the house, meaning casinos and other gambling establishments are designed for you to lose money in the long run.

However, there are a small number of people who are able to make a living from gambling. Here's why:

  • Skill-Based Games: Some casino games involve a significant element of skill, like poker or blackjack. By developing expertise in these games, players can gain an advantage over the house and potentially win money consistently. This requires a deep understanding of the game's rules, odds, strategies, and even psychology of other players.
  • Advantage Play: Some gamblers exploit weaknesses in casino games or systems to gain an edge. This could involve things like card counting in blackjack or identifying patterns in roulette. It's important to note that these techniques are not always legal and casinos can take countermeasures.
  • Disciplined Bankroll Management: Successful gamblers meticulously manage their bankroll, the amount of money they set aside for gambling. They only bet a small portion of their bankroll at a time, minimizing losses and maximizing the potential for winnings.
  • Focus on the Long Term: Professional gamblers understand the inherent ups and downs of gambling. They focus on winning over a long period, accepting there will be losing streaks along the way. They don't chase losses or gamble recklessly.
But here's the important caveat:

For every successful professional gambler, there are countless others who lose money. The vast majority of people who gamble do so for entertainment, and the casinos know this. The allure of a quick win and the ease of losing track of time can easily lead to financial problems.

So, while it is possible to make a living from gambling, it's incredibly difficult, requires exceptional skill, discipline, and a healthy dose of luck. It's not a recommended path for most people.

Source: Google AI
------------------------------
Click to expand...
What..
 
Hightech88 said:
Options trading is the most risking form of stock trading which is worse than forex as most retail traders will fall into the trap of using volatility and trade with high leverage to try to get rich overnight.

All those ranjiao youtube masterclass videos advocating nonsense that options trading has 'maximum upside but minimum downside' should be banned and jailed. esp. that CB farker who keep boasting that he retires at Age 28 as SAF officer and 'I was fortunate to be mentioned by Mary Buffet' LOL.
Click to expand...
No risk no gain
The thrill of 绝地大反击is much more sexciting than Huat Big Big for a Real Player
 
Hightech88 said:
Let me answer you in the style of @Willamshakespear :

You're right, gambling is inherently risky. The odds are always stacked in favor of the house, meaning casinos and other gambling establishments are designed for you to lose money in the long run.

However, there are a small number of people who are able to make a living from gambling. Here's why:

  • Skill-Based Games: Some casino games involve a significant element of skill, like poker or blackjack. By developing expertise in these games, players can gain an advantage over the house and potentially win money consistently. This requires a deep understanding of the game's rules, odds, strategies, and even psychology of other players.
  • Advantage Play: Some gamblers exploit weaknesses in casino games or systems to gain an edge. This could involve things like card counting in blackjack or identifying patterns in roulette. It's important to note that these techniques are not always legal and casinos can take countermeasures.
  • Disciplined Bankroll Management: Successful gamblers meticulously manage their bankroll, the amount of money they set aside for gambling. They only bet a small portion of their bankroll at a time, minimizing losses and maximizing the potential for winnings.
  • Focus on the Long Term: Professional gamblers understand the inherent ups and downs of gambling. They focus on winning over a long period, accepting there will be losing streaks along the way. They don't chase losses or gamble recklessly.
But here's the important caveat:

For every successful professional gambler, there are countless others who lose money. The vast majority of people who gamble do so for entertainment, and the casinos know this. The allure of a quick win and the ease of losing track of time can easily lead to financial problems.

So, while it is possible to make a living from gambling, it's incredibly difficult, requires exceptional skill, discipline, and a healthy dose of luck. It's not a recommended path for most people.

Source: Google AI
------------------------------
Click to expand...
Only the Supreme big boss behind the global synicated network does win big big
 
k1976 said:
Only the Supreme big boss behind the global synicated network does win big big
Click to expand...

Correct. All gamblers are killed by losses in large variances wiping out their bankroll or savings. With no more bullets to shoot, how to win? So have to surrender and kpkb make up sob stories advising others on the perils of gambling, like Mark Lee, LOL.

Many people don't realise the moment they walk into a casino, they are actually fighting against the whole freaking casino syndicate's bankroll.
Ironically, the more they win, esp. when you get into winning in millions, they will be induced with all kinds of privileges making you feel completely like a king, making use of your pride to gamble more in their VVIP room and given more credits to roll, til they cannot pay back anymore, get sued til they become bankrupt.

Hence the only way to win in gambling is you must always have a bankroll much larger than the casino or else open a casino yourself to pwn gamblers, LOL.

Look at what happened to this fellow...:

 
There is one punter that I know .. he gambled on soccer matches professionally to support his old parents & his teenage daughter who studied in the Polytechnic.

He often bet sleague matches on teams that he is very confident & sure of winning. Low odds like 1.20 to 1.40 his bet is $10,000 per match :eek:
 
Robert Half said:
There is one punter that I know .. he gambled on soccer matches professionally to support his old parents & his teenage daughter who studied in the Polytechnic.

He often bet sleague matches on teams that he is very confident & sure of winning. Low odds like 1.20 to 1.40 his bet is $10,000 per match :eek:
Click to expand...

Soccer betting is one of the worse forms of gambling esp. betting on those with low odds like 1.20, 1.40 etc.

You bet $10K on 1.20, if win, win only $2K but if lose, lose entire $10K, can't even get back a portion of principal. How is this a worthwhile investment?

Do check on him whether he is alive now, LOL.
 
Hightech88 said:
Soccer betting is one of the worse forms of gambling esp. betting on those with low odds like 1.20, 1.40 etc.

You bet $10K on 1.20, if win, win only $2K but if lose, lose entire $10K, can't even get back a portion of principal. How is this a worthwhile investment?

Do check on him whether he is alive now, LOL.
Click to expand...

This punter will not bet anything that he is unsure or not confident at all because to him everyday there are soccer matches to bet.

Once he showed me his winning ticket was $10,000 returns only $14,000 odd is 1.40
 
Robert Half said:
He is still alive now & almost daily he watches horse racing in those betting centres.
Click to expand...

So now switch to horse racing?
--------------------

Here's a breakdown of the risks and odds of betting on horse racing in Singapore:

Risks:

  • High House Edge: Like most forms of gambling, horse racing has a built-in advantage for the betting venue (Singapore Turf Club in this case). The odds offered are not a true reflection of a horse's chance of winning, and the house takes a commission (often called the takeout rate) on every bet. This means over time, the house statistically makes money, and the bettors lose money.
  • Unpredictable Events: Horse racing is a sport with many variables. A horse's performance can be affected by its health, jockey skill, weather conditions, and even racing luck. Even the most heavily favored horse can lose due to unforeseen circumstances.
  • Impulse Betting: The excitement of the race and the ease of placing bets can lead to impulsive decisions. Sticking to a budget and betting strategy is crucial to avoid significant losses.
  • Addiction: Gambling can be addictive, and horse racing is no exception. The thrill of a win can create a desire to chase that feeling, potentially leading to excessive betting and financial problems.
Odds:

Horse racing odds in Singapore are typically displayed in decimals. A lower decimal number indicates a favorite with a higher chance of winning, while a higher number represents an underdog. Here's a general breakdown:

  • Odds below 2.00: These are favorites, with a high chance of winning but lower potential payout.
  • Odds between 2.00 and 4.00: These are contenders with a decent chance of winning.
  • Odds above 4.00: These are longshots, less likely to win but offer a higher potential payout if they do.
Here are some resources to help you understand horse racing odds in Singapore:

Remember, gambling should be viewed as entertainment, not a way to make money. Always set a budget for betting and stick to it. If you feel you or someone you know has a gambling problem, there are resources available to help:

Source: Google AI
-------------------
 
Hightech88 said:
So now switch to horse racing?
--------------------

Here's a breakdown of the risks and odds of betting on horse racing in Singapore:

Risks:

  • High House Edge: Like most forms of gambling, horse racing has a built-in advantage for the betting venue (Singapore Turf Club in this case). The odds offered are not a true reflection of a horse's chance of winning, and the house takes a commission (often called the takeout rate) on every bet. This means over time, the house statistically makes money, and the bettors lose money.
  • Unpredictable Events: Horse racing is a sport with many variables. A horse's performance can be affected by its health, jockey skill, weather conditions, and even racing luck. Even the most heavily favored horse can lose due to unforeseen circumstances.
  • Impulse Betting: The excitement of the race and the ease of placing bets can lead to impulsive decisions. Sticking to a budget and betting strategy is crucial to avoid significant losses.
  • Addiction: Gambling can be addictive, and horse racing is no exception. The thrill of a win can create a desire to chase that feeling, potentially leading to excessive betting and financial problems.
Odds:

Horse racing odds in Singapore are typically displayed in decimals. A lower decimal number indicates a favorite with a higher chance of winning, while a higher number represents an underdog. Here's a general breakdown:

  • Odds below 2.00: These are favorites, with a high chance of winning but lower potential payout.
  • Odds between 2.00 and 4.00: These are contenders with a decent chance of winning.
  • Odds above 4.00: These are longshots, less likely to win but offer a higher potential payout if they do.
Here are some resources to help you understand horse racing odds in Singapore:

Remember, gambling should be viewed as entertainment, not a way to make money. Always set a budget for betting and stick to it. If you feel you or someone you know has a gambling problem, there are resources available to help:

Source: Google AI
-------------------
Click to expand...

He watched horse racing & occasionally bet like $6 to $20 per race. Dun underestimated this punter .. he is not of person who get hot easily when losing.
 
Many middle aged men (above 50 years old) cannot find jobs anymore … gambled professionally to pay their housing loans, necessities bills, school fees & put foods on the table.

I admire these people as they are really good in looking for money to support their families :sneaky:
 
Robert Half said:
Many middle aged men (above 50 years old) cannot find jobs anymore … gambled professionally to pay their housing loans, necessities bills, school fees & put foods on the table.

I admire these people as they are really good in looking for money to support their families :sneaky:
Click to expand...
Or they work abit part time job???
 
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