Can You Make a Living from Gambling?

May 4, 2017

If you love betting, full-time gambling is a viable career option, although many people will tell you that it’s not practical. One thing you need to realize is that being a professional gambler is not a walk in the park. It requires that you become a pro at your game of choice and possess top-notch bankroll management skills. 

Many bettors try to make a living out of gambling, but only a few succeed. If you take on this path, be ready to face a lot of challenges. But if you’re resilient, you’ll learn all the tips and tricks of wagering correctly, and in the long run, it’ll be a dream come true. In this post, you’ll learn everything to help you become a professional gambler. 

Tips to Help You Make Money Out of Gambling

If you feel that you’re ready to take the ultimate risk of turning gambling into your bread and butter, be sure to apply the following tips.

Choose Your Game and Stick to It

Gambling entails a diverse classification of games ranging from roulette, slot machines, blackjack, sports betting, and poker, among others. The best casino in India has these and many other options for you to explore. When choosing which games to focus on, be sure to understand how it works to increase your odds. 

Choosing the slot machines allows you to hit the mega jackpot, but only when the reels align in your favor. When playing the slots, you remain at the mercies of a random chance until a matching spin arrives. Before that happens, be ready to cope with the high house edges rates that are usually in favor of the casino.

If you’re into sports betting, you need to study statistics, carefully watch the teams play, and assess both sides of your bet. While doing these things to perfection increases your chances of winning, be sure to acknowledge a hit rate of 52% as a benchmark. 

If you plan on becoming a blackjack pro, familiarize yourself with the game’s basic strategy through and through such that you can quickly get the house edge below 0.5%. When you’re at it, don’t expect to hit the jackpot overnight. Instead, be ready to grind by placing thousands of hands, trying to make each game better than the previous until you win. 

Understand the Edge for Different Games

The secret to making $50,000 a year from gambling is looking for situations that give you an edge on a long-term basis. Unfortunately, casinos are designed to provide the house with a higher margin than the players, making it hard to find such an opportunity. 

But the good thing is, find a favorable edge is hard, not impossible. That said, you need to compare the margins for different games and understand their playing rules. 

  • Poker– unlike many other casino games, poker is unique in that you play against other players instead of against the house. In this case, the house takes a little cut from the players. Therefore, mastering poker presents you with a long-tern edge, provided you play better than your opponents. 
  • Blackjack– this game is played with a specific set of cards, and the rules change from time to time. You can get a long-term edge if you master the ration between the high and low cards and place varying bet sizes. In short, learning card counting will help you gain a long-term edge in blackjack. 
  • Sports betting– if you’re into sports betting, then you probably know that the bookmakers set the betting lines, Sometimes, however,  the amount of money bet on each game leads to a change in the betting lines. In order to get a long term edge on sports betting, you need to find games that offer value in one way or another. If you can manage to identify several games that provide value each time, you’ll end up getting long-term profit from sports betting. 

Each game has an opportunity of finding an edge, and sometimes you can combine two or three chances to get an edge. However, it’s better to focus on mastering one option before trying several at the same time. 

Bottom Line

Gambling for a living gives you the freedom to manage your time; however you want and work from anywhere. You also decide how much you want to make each year, as long as you have mastered the above gambling tips. Turning gambling into your full-time job is possible. Whether you should try it depends on you entirely, but it’s not an easy decision. If you do, be sure to apply the above tips. 

About the Author Pushpendra

{"email":"Email address invalid","url":"Website address invalid","required":"Required field missing"}