Can I be a full-time gambler?

Some even want to become professional bettors and build lifelong careers in the gambling industry. While you can become a professional gambler, the journey is not easy. It also has financial perils that you should know before starting. Ideally, betting like a pro requires a lifestyle change.

insidekentmagazine.co.uk - Betting like a Pro: How to Become a Professional Gambler and Build a ...

How long does Bet365 withdrawal take Visa?

The Bet365 withdrawal time can range from instant (Bet365 MasterCard) to within 24 hours (PayPal, Paysafecard) or 1-5 banking days (Debit, Visa,...

Last updated Jan 12, 2021

What is the most important thing in poker?

Discipline is the most important trait a poker player can possess. It can help you make good folds when frustrated, put in more study time and...

Last updated Dec 8, 2021

Make Your Bookie Cry And Pull The Hair By Generating $23,187

Promotion

Everybody loves the idea of earning money by doing what they love. For this reason, many people admire professional gamblers. Some even want to become professional bettors and build lifelong careers in the gambling industry. While you can become a professional gambler, the journey is not easy. It also has financial perils that you should know before starting. Ideally, betting like a pro requires a lifestyle change. And when you embrace a professional gambler’s lifestyle, you will encounter significant financial changes. Ideally, the desire to bet like a pro shouldn’t precede research and expertise. Also, you need gambling experience to make a living from this activity. So, whether you want to earn your living playing video poker, blackjack, slots, or something else, take your time to study the gambling industry. Also, learn how to collect money from online casino to avoid playing games where you can’t withdraw payout. For many years, individuals in different cultures have gambled for a living. And things have not changed with the emergence of online casinos. That’s because online gambling platforms feature games that you can bet on and win reasonable amounts of money. But don’t assume that betting like a pro guarantees you a living or a luxurious life. In the gambling world, vodka martinis and fast cars won’t always come your way. In some cases, you will incur significant losses. Therefore, weigh the pros and cons of venturing into gambling to earn a living. Nevertheless, you can follow several steps to become a professional bettor if you’ve decided that this is how you want to make a living. It’s easy to think about betting like a pro and earning a living from your gambling activity. But what does it mean to bet like a pro? Some of the attributes of professional gamblers include discipline, dedication, and commitment to getting more value from every bet. Whether you wish to make a living from playing online casino games or sports betting, you must work hard and focus on improving your gaming skills. Here’s what betting as a pro entails.

Setting Realistic Expectations

Professional bettors have realistic expectations. Therefore, betting like a pro means taking a long-term look at your finances. A professional better doesn’t expect immediate satisfaction from every wager. Instead, they want to achieve long-term success in their gambling career. For this reason, professional gamblers set goals that keep them focused on their short and long-term goals. Your plans or expectations can have a significant effect on your emotions when betting. For instance, you can become complacent after a winning streak. A losing streak, on the other hand, can ruin your confidence or distract you. As such, professional betters stick to their realistic expectations or goals when betting.

Exercising Excellent Money Management Skills

People that bet like a pro manage their bankrolls skillfully. And this is a skill that every gambler that wants to make a living from betting should possess. A professional better spend only the amount of money they plan for every gambling session. Also, they have a staking plan that they follow to secure long-term winnings. While you might not across many professional betting strategies, most punters use a fixed staking strategy. And this entails spending a fixed initial bankroll percentage as the foundation. The initial bankroll of a gambler might not be sufficiently big to bring a good income. However, this isn’t a severe issue if the bettor is successful. Also, professional bettors start with a small amount that helps them to do the following:

Build their bankroll over time

Learn to control emotions at the gambling table

Shape their betting model

Thus, betting like a pro doesn’t necessarily involve a lot of money. Instead, you can start gambling with a small amount and gain experience, increase your bankroll, and develop a gambling strategy.

Having an Eye for Value

Betting like a pro also entails identifying value. Ideally, a professional gambler focuses on value betting. But spotting value every day is not easy because it requires up to a thousand bets to draw a relevant conclusion. A professional better can find value whenever they find a betting market with an outcome probability more significant than the available odds. Nevertheless, value betting becomes a simple concept once a person becomes a professional gambler. However, applying this concept, in the long run, is a different story.

Getting the Best Odds

Gambling like a pro entails picking the top odds even after getting everything else correct. A professional bettor can have realistic expectations, stick to a staking plan, spot value, and analyze their picks. However, this doesn’t allow them to rest on their laurels. A professional punter knows they can have an edge by placing their bets with one bookmaker. Thus, access to several gambling sites is a winning secret for professional punters.

How to Become a Professional Gambler

If getting started, you may have noticed that becoming a professional gambler is not an easy path. That’s because a professional better must excel at specific games. They also need discipline and bankroll management skills, among others. While professional gambling looks like a desirable career to some people, it’s a job with highs and lows. What’s more, it may come with fortunes and fame that you must learn to manage when starting. With that said, you must understand the basics of professional and profitable betting when starting a gambling career. Every professional gambler knows learning doesn’t end the moment you start betting and winning. Instead, you continue expanding your gambling knowledge and acquiring experience over the years. So here’s a guide for becoming a professional gambler.

Be Sure That This Is What You Want

Gambling is generally a reasonably fickle profession. That means your daily income might not always be consistent from one day to another. Therefore, make sure that you’re confident that you will be comfortable with this profession. Ideally, take your time to set up a practice account. You can also start by playing casino games online during your leisure time. Then, if you find gambling exciting and satisfying, proceed to pursue it as a profession.

Learn about Different Forms of Gambling

Once you venture into the gambling industry, you can place different types of bets. Single bets, lucky 15 bets, accumulators, and Trixie bets are only some of them. Ideally, gambling is not as easy as you might think when starting. Gambling is more than betting your money on a football game, a horse race, or an online casino game. What’s more, don’t expect everything to work out smoothly. Online casino games, sports betting, and other forms of gambling have unique terminologies. Therefore, learn about different types of gambling and then decide on your specialty. After that, research it extensively to know it inside-out like a pro.

What happens when you gamble too much?

Gambling can stimulate the brain's reward system much like drugs or alcohol can, leading to addiction. If you have a problem with compulsive...

Last updated May 10, 2019

Can slots be beaten?

They can't. Except for an ever-decreasing number of games with banked bonuses, slot machines can't be beaten in the long run. All casino games make...

Last updated Apr 20, 2022

Promotion

Be Realistic With Expectations

You won’t become a professional gambler overnight. Therefore, set realistic expectations about your career development. If you’ve checked out online sports betting or casino gaming, you might think it’s an easy thing to do. Ideally, you can assume that professional gamblers don’t implement any trick or tip. However, becoming a professional gambler will take several weeks, months, or even years. Essentially, every ordinary gambler needs time to acquire skills, experience, and discipline to gamble and make consistent profits. What’s more, you won’t win with every wager even after practicing gambling for years. That’s because gambling entails betting on games of chance. Additionally, betters make money via gambling online by implementing different intricate strategies. And you will need time to learn or develop these strategies to compete effectively. So it’s not surprising that some professional gamblers specialize in certain casino games. That’s because mastering all games at a casino is not easy.

Don’t Assume Every Form of Gambling is Luck-Based

A popular argument is whether gamblers are skilled or lucky. The truth is that gambling involves many things. However, not every game is luck-based. Professional gamblers have skills that enable them to win more often. Therefore, gambling is arguably a skill-based profession. Professional gamblers implement specific strategies when playing different games. And this enables them to win more money than others. Even if a skilled bettor doesn’t win all rounds of blackjack or video poker, they arrange it in a way that turns the overall play arc in their favor.

Learn to Stay Calm and Collected

Regardless of what happens at the gambling table or the number of losses you incur, maintain your composure and stay calm and collected. That way, you can prevent emotions from crowding your judgment. Ideally, don’t panic if you notice that things are not going as you expected. Also, don’t play more games than you had planned to try to recover your losses. Instead, determine the time when you need to quit the game and walk away to cool down your emotions. Panicking will lead to worse decisions and more losses. Therefore, learn to compose yourself even when things don’t go your way.

Learn Bankroll Management Skills

You’ve probably read or heard stories of individuals that have lost a lot of money gambling online and even run into debt. Gambling is addictive, and people lose a lot of money due to the lack of bankroll management skills. Becoming a professional gambler requires you to acquire these vital skills. Essentially, set a limit for the amount you can’t exceed in a single gambling session. Also, avoid placing a massive amount of money on a single bet. Becoming a professional gambler also entails avoiding unnecessary risks. Even whales take calculated risks when gambling. Proper money management tips will enable you to avoid running out of money. Always remember that money is a vital asset for a pro gambler. That’s because you can’t do your job, which is gambling, without it.

Select Your Games Carefully

Although you want to become a professional gambler, you might not be good with all games you can wager. Therefore, decide on your betting type and select the plays to specialize in when starting. Ideally, pick the games you already know and love. If you already have an innate knowledge and understanding of some games, consider them as your specialty. Focusing on specific games will enable you to sharpen your gambling skills faster. For example, if you want to specialize in sports betting, you can focus on games like football or tennis. That way, you will understand them and know what happens globally better. Similarly, if you venture into online casino gambling, select a few games to specialize in and perfect your skills. For instance, you can focus on slots and video poker. That way, you can play slots for a while and move to video poker if they bore you.

Learn to Perform Intensive Analysis

Tracking the strike rates, losses, and wins is not enough when gambling professionally. Improving your gambling skills and experience requires you to delve deeper and identify trends in results. In addition, being a successful gambler requires you to be good with intensive analysis. That means you must start using analytical skills to select bets, perform unbiased account monitoring, and audit your betting record. That way, you can find your true edge in gambling. Perhaps, identifying the odds’ range where you excel is the best starting point. For instance, you might be good at picking long shots to win disproportionate bets number. On the other hand, you might as well know the right time to bet on your favorite games to get small wins. Regardless of your specialty, make a conscious attempt to concentrate on the odds range that suits you. A telling factor is discovering fixture timing trends. Therefore, look for success rate patterns in sports betting. For instance, you may be cautious betting on the league matches after the international break since you may have noticed that you historically lose on these selections.

Always Have Fun

Don’t become a professional gambler if you don’t find it fun. And if gambling is no longer enjoyable, quit the profession and go somewhere else. You don’t want gambling to ruin your mental health because you don’t love your career. Perhaps, you can ask your loved ones or friends to monitor your gambling activity and tell you if they suspect it’s doing more harm than good. Nevertheless, set up protective measures and guidelines to help you stop if you no longer enjoy gambling, but you can’t stop because of its addictive nature. Also, seek an expert’s assistance if you feel like addiction is setting in.

Protect Your Reputation

Being a professional gambler can make you a celebrity. Therefore, uphold your integrity and be an honest person when gambling. Whether you bet online or at a local casino, always protect your reputation. If your wins come from stiffing, scamming, or cheating people, you cease being a professional. Instead, you become a scam artist, a stiff, or a cheat. Therefore, make a good reputation your asset. That way, finding betting opportunities will be an easy experience. Professionals in the gambling industry and beyond will also want to work with you if you have a sterling reputation for upholding high professional levels.

What is a Black Mariah in poker?

Most cards score 0. The exceptions are that all hearts score 1 point and the three highest spades score as follows: Ace of Spades = 7 points, King...

Last updated Jan 21, 2020

What does a 5 to 1 chance mean?

5-1 Betting Odds means that out of 6 possible outcomes, the 5/1 odds are that there will be 5 of one kind of outcome and 1 of another kind of outcome.

Last updated Oct 9, 2022

Promotion

Things to Consider Before Building a Lifelong Gambling Career

Now that you’ve known how to become an expert gambler, you may want to consider several things before getting started. You’re reading this article because you’re probably thinking about leaving your regular job to gamble full-time. While some gamblers have done this before, others have tried and failed. But if you’re still considering gambling as a full-time job, consider these things before starting.

Hourly Earnings

What are your hourly earnings in your current job? If you already know the amount you earn every month or daily, this can be a simple calculation. However, this is a crucial factor to consider before becoming a full-time gambler. For example, if you currently work 40 hours every week earning $25, you’re making $1,000 per week. Now, can you get this amount from full-time gambling?

The answer is a resounding yes since some gamblers make this amount. However, this might not be easy for you. Here’s what you should do to replace the amount you earn now with winnings from your gambling activities.

Identify a gambling activity you can win and learn to beat it

Get sufficient capital or bankroll to support your gambling at any level and generate profits Gamble several hours per week to earn adequate money to replace your current income Sports betting, poker, and blackjack are some of the gambling activities that can bring you money. Nevertheless, each of these activities requires specific skills, and you may not possess them. Therefore, master your favorite gambling activity and practice to see if it can bring you sufficient winnings to replace your income.

Healthcare Costs and Benefits

Maybe you can become a professional gambler and earn enough money to replace the income from your full-time job. However, you will still have additional considerations before becoming a full-time gambler. Among the key considerations are healthcare costs and benefits. In countries like the U.S, a single emergency room visit without insurance can ruin you financially. Unfortunately, many professional gamblers don’t buy health insurance covers. Instead, they assume they are healthy and young to incur medical expenses. And some of them get lucky and go for years without requiring medical services. A professional gambler can also be lucky to have a partner with health insurance coverage. However, experts recommend a budget of around $1,000 for healthcare coverage every month for a professional gambler. You can easily find a good plan that suits you by shopping around because you’ll eventually need and use it. Since you will be gambling all the time once you become a professional, you will spend most of your time seated. And this can cause health problems if you’re not careful. Therefore, embark on an exercise routine and healthy eating to stay fit and healthy. For a regular job, the worker’s compensation covers you if you sustain some injuries. You can also draw unemployment if you lose the job. What’s more, you get a paid vacation and sick days with a regular job. That means you won’t make money if you fall ill as a professional, full-time gambler. Additionally, you won’t make money when going on vacation. For this reason, set aside another $1,000 per month for an interest-generating account. That way, you can have money to cater to your downtime. And make sure that this account is entirely off-limits. Additionally, avoid making it a vacation fund or sick day fund. Instead, have separate budgets for such funds. Finally, if you use the funds in this account after missing a few days, play more games to increase your winnings and replenish the amount. Nobody loves planning for a worse occurrence. However, a professional gambler should think and plan about the worst. Therefore, don’t gamble with your future or health.

The Worst Can Happen

Before becoming a professional gambler, know that you should budget around $2,000 more per month outside the ordinary monthly expenses. And even this amount might be insufficient. Essentially, don’t overestimate your ability to win all the time, even if you become a professional gambler. Also, don’t think that you have the edge over the house because you don’t. The worst that can happen is failing to win the amount of money you need to survive, and you have nothing to cater to your daily or monthly expenses. In that case, you may want to revert to the job you want to quit to become a full-time gambler. But, unfortunately, finding a decent regular job won’t be easy, especially after spending some time as a full-time professional gambler. Therefore, build a reserve of around 12 months’ worth of all your living expenses before venturing into full-time gambling. While people have different living expenses, a budget of at least $20,000 is ideal. Also, set aside an adequate amount for your gambling bankroll. Then, put the amount for the worst scenario in an interest-bearing account too.

Parting Shot

Many people think betting like a pro is easy. Others want to become professional gamblers because they think it’s glamorous. But, real gambling is different from what you see in movies. Ideally, you won’t become a professional gambler overnight, and you won’t win every game you decide to play, whether online or at a brick-and-mortar casino. Nevertheless, you can become a professional gambler by following the guidelines in this article. But before deciding to build a lifelong career in the gambling industry, weigh all the considerations. That way, you will have a more informed decision on quitting your regular job and becoming a full-time gambler.

insidekentmagazine.co.uk - Betting like a Pro: How to Become a Professional Gambler and Build a ...

Who has won the most money gambling?

The Biggest Casino Wins of All Time #1 Archie Karas – $50 to $50million to $0. ... #2 Anonymous 'Peter'- $38 million. ... #3 Kerry Packer – $30...

Last updated Feb 18, 2021

What should my net worth be at 40?

Net Worth at Age 40 By age 40, your goal is to have a net worth of two times your annual salary. So, if your salary edges up to $80,000 in your...

Last updated Apr 27, 2019

Promotion

What is the rule of round robin?

A round robin is an arrangement of choosing all elements in a group equally in some rational order, usually from the top to the bottom of a list...

Last updated Aug 18, 2019

Promotion

Is Dream11 legal in Dubai?

In brief, this law states that fantasy sports are exempt from the law, as long as people are not betting on the outcome of a single game or the...

Last updated Jul 26, 2022