Can Betting Be a Source of Good Money?

I’ve been wondering if betting can actually be a reliable way to make money, or if it’s just all about luck. I've seen some people win big, but others lose everything. What do you all think? Is betting something that requires skill, or is it all down to chance? I’m curious about different strategies or methods that might help increase your chances of winning. Would love to hear your experiences, and if you think it can be profitable long term or just a fleeting thing.