Becoming a Professional Gambler – Is It Really Possible?
Becoming a Professional Gambler – Is It Really Possible?
A quick guide to becoming a professional gambler – do you have what it takes?
People often remark that it would be nice to be a professional gambler. They imagine the career comes with fame, money, glamour, and lots of parties. These people have probably watched too many movies.
The truth is that being a professional gambler is as hard work as any other full-time job, the rewards are just much better.
Most professional gamblers don’t spend their nights in casinos in expensive outfits and drinking martinis. They are more likely to be at home online betting or doing research into the next big race.
However, if getting big rewards for your hard work sounds like something you would be interested in, then a job as a professional gambler may still interest you.
In this article, we are going to talk you through everything you need to know about the career.
The pros and cons of being a professional gambler
Let’s kick off this piece by looking at the reasons why being a professional gambler could work for you and also look at the downsides of the career. This type of high octane life will not be something that suits everyone.
Pros
– You get to watch sports or play cards for a living
– The casinos and the bookkeeps tax your winnings before you get them, so you get to keep it all
– If you’re good at your job then you can win incredible amounts of money
You get to beat the house (over and over again)
Cons
– As easily as you can win big sums of money, you can also use them
– Your earnings are not stable
– Bookkeepers can lock your account and not give you the money if you start winning too much, casinos can do the same
– You might spend so much time playing cards or watching the sport that you lose your love for it
– It is a very stressful job
– Gambling can be addictive
There are both advantages and disadvantages to gambling professionally.
Types of Gamblers
There are 6 main types of gambling that you can do professionally.
Sports Trader – These types of gamblers make their money by betting on the results of sports games. Our tip – pick one sport to specialize in.
Horse Bettor – These gamblers are like sports traders but they bet on horse racing instead. Our tip – research is your best friend in this field.
Arb Bettor – These gamblers compare prices across different bookkeepers and exploit the differences to get themselves a bigger profit. Our tip – if you get caught doing this, bookkeepers will ban you from using their sites.
Matched Bettor – these gamblers use their free bets from being a new member on a site. This allows them to make a profit without having to put any of their own money in. Our tip – if you get caught doing this, bookkeepers will ban you from using their sites, just like with arb betting.
Professional Poker players – there is a league of professional poker players. They can make or lose large amounts of money every day.
Casino players – these people use online casinos and play to make a profit. Our tip – choose one game to specialize in and practice a lot.
Note – Card Counters are also considered professional gamblers. These are people who count (keep track of) the cards in a dealer’s hand, so they can work out who has what card. Card counting can get you a lifetime ban from casinos and is impossible to do online.
4 Tips for becoming a professional gambler
Before we go, here are 4 tips that will help you in your journey to becoming a professional gambler.
1 – Every hour you spend researching will improve your chances of making a profit. You should be researching for at least 5 hours a day.
2 – For most Poker players and online casino players their practice games are like a full-time job. They spend all day practicing and play in the evenings or on the weekends.
3 – Learn to bet without emotion. If you lose you have to brush it off and move on. You will probably lose a lot, it’s best to get used to it.
4 – When placing bets, short odds are your friend. The jackpots won’t be as good, but you will win them a lot more frequently.
