Can one get rich from gambling?

[Kennysplash]

So many gamblers today believe that they can become rich one day from gambling. That is why most of them spend a great percentage of their income on gambling. But is this true?

Statistics say that only 1 percent of gamblers actually make reasonable money, the rest are just enriching the pockets of the bookies.

If you keep this in mind you will gamble responsibly. 

[⭐ DoubleCycleBiz]

If you are talking specifically about bookmakers, then it is difficult for those who fix profits, because bookmakers reduce betting limits, so it is difficult for those who earn.
You've probably heard about match fixing. There are teams of cheaters who buy negative balance of bets accounts of bookmakers in order to place several large bets and earn money.

[Kennysplash]

6 hours ago, DoubleCycleBiz said:

If you are talking specifically about bookmakers, then it is difficult for those who fix profits, because bookmakers reduce betting limits, so it is difficult for those who earn.
You've probably heard about match fixing. There are teams of cheaters who buy negative balance of bets accounts of bookmakers in order to place several large bets and earn money.

Bookmakers definitely make a lot of money off gamblers. In fact I rarely hear of bookmakers that go out of business. It's the masses that suffer the financial strain. 

[amandaisawoman]

You're absolutely right about the realities of gambling. It's easy to get caught up in the excitement and the dream of hitting it big, but the statistics remind us that making consistent profits from gambling can be quite challenging.
I've always believed in responsible gambling and knowing your limits. While I enjoy the thrill of sports betting, especially following WNBA free picks, I also understand the importance of not risking more than I can afford to lose. It's all about finding that balance between entertainment and financial responsibility.

Edited October 24, 2023 by amandaisawoman