How to Make a Living as a Professional Gambler
- Mitchell Stern
- Sep 27, 2022
- 10 min read
Updated: Nov 3, 2022
Gambling is one of the oldest pastimes of mankind. There is evidence that suggests humans have been gambling in some form or the other as far back as 100,000 years. The modern day form of gambling started in the 18th century.
The introduction of casinos into the European country of continental Europe in the 19th century and the invention of the slot machine in the early 20th century saw the dawn of the gambling era.
In this article we're going to discuss real ways to make a living as a professional gambler.
Table of Contents
Why Do People Gamble?
There are two main reasons why people gamble. The first is for pleasure. Many people just enjoy the thrill of spinning a roulette wheel or pulling a lever that is going to cause some numbers to appear.
This often depends on how much they are planning to spend. When people are gambling for pleasure they are usually doing it for enjoyment and not to make money.
The second reason is to make money. For many people gambling is a source of means of generating income. Many people will spend time researching different bets online or just playing different games on their computers or mobile devices.
Some people will bet on horse racing, some on football, some on blackjack.
Gambling is about predicting odds. It is about determining what probability an event is going to occur and using that probability to calculate the odds that a specific outcome will happen.
How Professional Gamblers Think
For the vast majority of people, gambling is a leisure activity that they enjoy from time to time or amongst friends. For professional gamblers, gambling is a career.
It is generally accepted that the majority of players in the market are losing. That is not to say that all players are losing. There are some players that win big, all of the time.
These types of players are known as professional gamblers.
Professional gamblers spend a lot of time analyzing games. They study the trends, they study the odds of winning and they study the payouts.
By studying all of those things, they are able to predict where the winning slots are going to be.
Professional gamblers are psychology experts.
They know that a casino is a psychological battleground. They know that when a player enters a casino, they are focused entirely on one thing, winning money.
They know that players are very easy to influence. They know that players themselves may not be rational when gambling. They know that people will change their behavior in order to try and win.
This knowledge means that they are able to play the game to their advantage. They know that players will behave in certain ways and they know that by playing at the right time, they are able to exploit these patterns.
This level of knowledge is incredibly important. It is not enough to just be able to throw money at the problem. Professional gamblers know what it takes to win.
They know that winning requires strategy, it requires focus. They know that winning takes hard work. They know that there is no magic pill, no lucky unicorn. They know that winning requires a huge amount of work.
Professional gamblers are out there, winning big. They are the lucky few that get to play roulette with millionaires, they play poker against celebrities and they win at blackjack.
How Safe are Online Casinos?
Most online casinos are completely safe. But there are a few things you should look for before you make your initial deposit.
The first and most obvious is the license. Online casinos need to be licensed by a country. The casinos should be licensed on a reputable website such as eCOGRA.
The next thing that players should look for is audits. The casinos should publish their audits on their websites. The audits should show audits of their games, audits of their payouts, and audits of their customer service.
The casinos should show independent audits. These audits should be carried out by reputable companies. These audits should show that the casinos hold a license and that the casinos pay out winnings in a timely manner.
The last thing that players should look at is the customer. The casinos should publish user reviews. The reviews should be published both on the website of the casino and on third-party websites such as users review.
The reviews that players are looking at should show that the casino is fair and honest.
What Are The Best Online Casinos?
Choosing the right online casino can be the difference between winning and losing. The main variable to look for is the bonuses.
Casinos offer sign up bonuses to new players and these bonuses can go a long way toward increasing your bank roll.
For example, if a casino offers a $1,000 bonus to new members, it means that your first $1,000 worth of losses are forgiven.
In other words: if you win then you get to keep the money; but if you lose then the money comes out of your bonus play instead of your bankroll.
With so many online casinos to choose from, it can be difficult to know which ones offer the best odds of success. Our favorite casinos are the ones that offer the largest new player bonuses.
New Player Bonus: $3,000
Games: Poker, Blackjack, Craps, Roulette, Baccarat, Super 6, and Slots
Live dealers: Yes
Review: Ignition Casino is perhaps the most reputable casino online. They offer excellent bonuses and a variety of funding options, including cryptocurrency. They also have live dealers which helps add an element of realism and transparency.
New Player Bonus: Up to $14,000
Games: Poker, Blackjack, European Roulette, Keno, and Slots
Live dealers: No
Review: Las Atlantis offers the best bonuses of any casino we've reviewed. They're loyalty bonuses are paid out in sequence and increase with every subsequent deposit. The exact amount of bonus play that new players recieve is dependant on the size of their deposit and frequency of play.
New Player Bonus: 250% of Initial Deposit + 50 Free Spins
Games: Poker, Blackjack, European Roulette, Keno, and Slots
Live dealers: No
Review: If you like slot machines, Slots Empire is for you. They're extremely generous sign-up bonus means that you'll likely accumulate a significant bankroll before having to risk your own money.
New Player Bonus: 110 Free Spins
Games: Poker, Blackjack, European Roulette, Keno, and Slots
Live dealers: No
Review: Red Dog Casino offers the best mobile interface of any casino on this list. Despite having a lower sign-up bonus than the other casinos, Red Dog is the best choice for people who enjoy playing on their phones.
New Player Bonus: 250% of Initial Deposit + 55 Free Spins
Games: Poker, Blackjack, European Roulette, Keno, and Slots
Live dealers: No
Review: Although similar to other casinos we've mentioned, El Royale still offers a sign-up bonus that is too generous to be ignored.
What do the Most Successful Online Gamblers Have in Common?
Some of the most successful gamblers on the Internet don't even gamble in casinos - they bet on stocks!
Free trading apps like Robinhood have made it easy and simple to place bets on stocks, ETFs, and cryptocurrencies that you think will increase in value.
The most obvious advantage to investing is that is that you can research your way to a winning bet, whereas casino odds are always stacked against you.
If you do decide to start betting on stocks, we highly recommend that you subscribe to The Mindful Trader or The Motley Fool for insight into expert strategies and stock tips.
Of course, stocks aren't the only investment vehicle available to you. You can make money trading options, futures, and even foreign currency.
In addition to the Mindful Trader, we recommend keeping up with FXPro CopyTrade, a signal provider that covers foreign currency exchanges. Basically, they tell you exactly when to buy and sell to help you maximize your profits.
Reasons Why Today's Gamblers Are More Successful Than Ever
If you have spent any amount of time in casinos around the world, you would have noticed some familiar faces. These people seem to be everywhere, they have money and they win. But how do they get so good at gambling? Why are they so successful?
It all boils down to one thing - gambling is a skill. The more you practice the better you will get.
Online casinos have removed many of the old obstacles that prevented people from honing their skills. Twenty years ago, practicing at a casino meant buying a plane ticket, staying in a hotel, and neglecting your job and family.
Today, people can gamble every day without having to worry about overhead expenses and commitments. In fact, they never have to leave their homes!
So where do casino gamblers get their skill?
Practice.
The best way to practice is by playing against other people. Play at online casinos, play at offline casinos and play with your friends and your family members. Play for as long as you can.
Even if you only spend 10 minutes a day practicing, you will be improving your skills. Before you know it, you will be able to play longer, win more, and look like a real professional.
Of course, there is no guarantee that you will win. In fact, it is unlikely that you will win your first game. But the more you play, the more you win. The simple fact is, the more you play, the more you experience and the more you will learn.
So start practicing, start winning and start building your experience. Before long, you will be winning big and impressing everyone around you.
Gambling Methods
One of the most beneficial gambling methods is to learn as much as you can about the games that you play. The more information you have about the games and the more you can understand the game, the better chance you have of playing successfully.
The best way to do this is to read and review different game manuals. With each manual, there will be a number of statistics. These statistics are extremely beneficial if you want to play successfully.
For example, if you like slot machines, reading reviews put you in a better position to understand which machines pay best and which machines have a low payout percentage.
By learning about the game, you are better placed to understand its odds. You will know if the slot machine is offering you good odds or if it is giving you short odds.
By knowing the odds, you will know how much you should hope to wager and how much you should stand to lose.
Finding the Perfect Strategy
Throughout the ages, gambling has been an activity that has attracted many cultures. From Ancient Greece and Rome, through to the Middle Ages and the Renaissance, the allure of the game has drawn players in from all over the world.
As has evolved alongside the rest of society, the activity has become more and more detached from its traditional roots and is now recognized as one of the oldest, most popular, and most successful forms of entertainment.
In order to bring to life the concept of gambling as a modern entertainment activity, a number of different classification schemes have been applied to the activity of gambling.
These classifications have been largely successful in attracting the attention of researchers and academics and have helped to extend our understanding of the activity.
In order to enjoy gambling, it is important to make sure that you play responsibly. There are a number of different ways in which you can play responsibly.
Firstly, it is important to make sure that you are aware of your limitations. Make sure that you have a limit on the amount of money that you are willing to lose. This limit should be based on your level of budget. Make sure that you don't exceed this limit.
It is also important that you are comfortable with the amount of money that you are betting. Make sure that you are not placing bets which make you feel uncomfortable.
Finally, it is important to make sure that you use some form of money management. Make sure that you budget the amount you are willing to spend on gambling. Make sure that you stick with this budget.
Safe Ways to Gamble Online
Online Casinos are essentially the same thing as land-based casinos. The only difference is that online casinos are open 24/7 so that more people can join in the fun.
Online casinos use technology to allow players to actually play casino games online. They create games that use software to simulate the cards, dice, and the action of the game itself. The graphics are life-like and the gameplay is smooth and enjoyable.
The growth in the industry has also led to better security which means that modern online casinos are safer than ever.
The online gambling industry has been through several changes over the past few years. At first, all of the online casinos were based in Europe.
This meant that they were forced to follow similar rules and were limited to offering games that were legal in those regions.
Over the past few years, online casinos have begun to offer games from a variety of different countries. This means that there is a huge range of games that are available to players. It also means that there are a huge number of online casinos.
This increase in the number of online casinos has led to better competition between online casinos. This means that online casinos are offering better bonuses.
It also incentivizes casinos to be fair, honest, and secure so that you'll continue giving them your business.
With the industry growing at a rapid rate, it is likely that online casinos will continue to grow in the future and more and more players will find enjoyment in playing online.
Practicing Self-Control
Self-control is a concept that relates to how a person manages their emotions. A person with good self-control is able to control their impulses and act reasonably with regard to those impulses. A person who is not good at controlling their emotions is more likely to act impulsively, often without thinking.
People with good self-control are able to exercise it over the long term. This means that they are able to control their thoughts and emotions with regard to gambling. They are able to resist short-term temptation and are able to stick to a plan.
A person who has poor self-control may have success in the short term, but their downfall is later on when long-term issues arise.
Although it is not necessary that you have good self-control in order to play at an online casino, it is something that you want to have.
If you are someone who struggles with gambling then good self-control is absolutely vital. It is the only way you will be able to resist the lure of the gambling machine.
If you are someone who does not struggle with gambling but is thinking of giving online gambling a try, then good self-control is going to be very helpful.
The ability to control your emotions and your thoughts is the difference between having success at an online casino and having a downfall.
Having good self-control does not mean that you will never lose money. However, it will mean that you will be less likely to lose big.
Self-control is something that you can learn. So if you are someone who has struggled with gambling in the past, then learning how to control your emotions and your thoughts can be the difference between starting on a journey and trying to stay in the same place.
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