How Many of You Guys have Gambling as your Primary Income?

oldmantime · Sep 16, 2003

Maybe, I'm showing how stupid I am here. My idea was that the overwhelming majority of posters to the RX (75% or more) were recreactional players and not "professionls". I use that word in the sense that although, you may be very good and have made some money, gambling is not your regular vocation.

Let's see how many respon to this thread.
Count me a recreactional player.

-Slim- · Sep 16, 2003

Did you mean primary expense oldman?

jjgold · Sep 16, 2003

How about 2 or 3!!

Most gamblers lose period!!

93% percent of posters end up losing in the long run..

exilarch · Sep 16, 2003

It is not wise to depend on gambling for your primary income. If you don't win that day, you and your kids don't eat.

oldmantime · Sep 16, 2003

ex--I totally AGREE with you. I asked this because Strut mentioned winning a large sum of money from Neteller. He is worried the IRS would get him in TRouble like the guy in North Dakota, who listed professional gambler or some such. For most of us it is recreation--but when I read some of the comments here-I start to get the idea--I'm the only rec. player here!

JoeyC · Sep 16, 2003

Are you excluding all the clerks, customer service guys, bookmakers, touts, and mods who post here?

JC

oldmantime · Sep 16, 2003

LOL--Good point Joey! That's probaby why I'm confused.
But are any of the "moderators" in that category.

Dante · Sep 16, 2003

I think the majority are rec gamblers...maybe closer to 65% though

mikewise · Sep 16, 2003

Isn't it evident that the books have a hold percentage for a reason?! Books are the only ones that have Gambling as their primary source of income. Can anybody prove me wrong?

Mike

THE SHRINK · Sep 17, 2003

I highly doubt that the professional gambler would feel comfortable posting that gambling is his number one source of income on a posting forum...

With this in mind, I believe that less than 2% of our posters fit this criteria...

THE SHRINK

TheGeneral+ · Sep 19, 2003

Very few oldmantime & many who say they do will also have assistance along the way. Not many people at all just one day say I'm quitting my day job and gonna take my $10,000 401K and become a pro gambler. Alot already had plenty of money to live on or do not have many expenses to start with.

Fishhead · Sep 19, 2003

But actually, alot more than you think.

valueman · Sep 19, 2003

most posters with more testosterone than brains would like to think their primary source of income is gambling. I have done it for about a year or so and its bloody hard work. Made good money but the effort you have to put in is intense. My tip to anyone - don't kid yourself - log ALL your bets and have a betting bank - then see how well you're REALLY doing!!

Chadster · Sep 19, 2003

<BLOCKQUOTE class="ip-ubbcode-quote"><font size="-1">quote:</font><HR>Originally posted by valueman:
most posters with more testosterone than brains would like to think their primary source of income is gambling. I have done it for about a year or so and its bloody hard work. Made good money but the effort you have to put in is intense. My tip to anyone - don't kid yourself - log ALL your bets and have a betting bank - then see how well you're REALLY doing!!<HR></BLOCKQUOTE>

good advice

jjgold · Sep 19, 2003

Most clowns do not log bets at all and I find that so silly and if you don't why even bet???

Doesn't make sense.

entropy · Sep 19, 2003

He is worried the IRS would get him in TRouble like the guy in North Dakota, who listed professional gambler or some such.

if you are referring to the "North Dakota Whale" then that is what he is and he would have been scrupuosly honest about paying taxes on all gambling income including sums won in other countries and easily hidden.

moi on the other hand moved countries to avoid the tax hounds.

5teamparlay · Feb 22, 2019

It’s rough- working on my goal to be a professional craps player lol..

there are pitfalls:

GETTING A MORTGAGE FOR PROFESSIONAL GAMBLERS Other considerations include whether you plan to get a mortgage for professional gamblers? if gambling is your sole source of income a mortgage company won’t touch you with a bargepole, even if you have shown consistent profits over many years. Simply put mortgage companies don’t like professional gamblers as it will bring in concerns of money laundering, consistency of income etc (even if you are a consistent winner the bank may still assume you have a gambling problem, also what happens if your country suddenly makes gambling illegal or taxes it heavily?). There are a few exceptions such as if you only need a small mortgage or if you go via a professional broker and have special circumstances, even then you may be relying on your partner to take on the mortgage in their name. Simply put if you are a professional gambler and what to buy some property, be prepared to pay for it in cash. Furthermore you may be required to prove your income, this is easily done via gambling statements

https://www.footandball.net/ https://www.footandball.net/a-guide-to-becoming-a-professional-gambler/

bigbet1234 · Feb 22, 2019

5teamparlay said:
It’s rough- working on my goal to be a professional craps player lol..

there are pitfalls:

GETTING A MORTGAGE FOR PROFESSIONAL GAMBLERS Other considerations include whether you plan to get a mortgage for professional gamblers? if gambling is your sole source of income a mortgage company won’t touch you with a bargepole, even if you have shown consistent profits over many years. Simply put mortgage companies don’t like professional gamblers as it will bring in concerns of money laundering, consistency of income etc (even if you are a consistent winner the bank may still assume you have a gambling problem, also what happens if your country suddenly makes gambling illegal or taxes it heavily?). There are a few exceptions such as if you only need a small mortgage or if you go via a professional broker and have special circumstances, even then you may be relying on your partner to take on the mortgage in their name. Simply put if you are a professional gambler and what to buy some property, be prepared to pay for it in cash. Furthermore you may be required to prove your income, this is easily done via gambling statements

https://www.footandball.net/ https://www.footandball.net/a-guide-to-becoming-a-professional-gambler/

When I applied for a car loan at a big dealership they wouldn’t touch me on credit score and word alone. I showed them 3 years of tax returns......problem solved. Lol

Dante · Feb 22, 2019

-Slim- said:
Did you mean primary expense oldman?

Haha man I miss slim... This Asian guy was super funny!!

Willie99 · Feb 22, 2019

Hahaha

I work hard to play hard, gambling is on the playing side of that equation

How Many of You Guys have Gambling as your Primary Income?

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