Is it possible to parlay your talents into a real profession? The short answer, yes. While you won’t expect to see the exact same earnings every other week like you would a 9-to-5 paycheck, that doesn’t mean the payout isn’t reliable or steady. In fact, some professional gamblers make well over six figures a year, and that’s without putting in full-time hours.
A good place to start is figuring out the best avenues for online gambling. That’s the easy part. Next comes the real work. If you can train yourself to master the art of self-discipline, and not only figure out a system that works but one you can stick to, then we say “the outlook is good” to the odds of you making a successful career out of gambling.
Where to Make Money Gambling Online
Online gambling is an ever-growing industry, and for good reason. It offers the freedom of location, and an endless variety of games to choose from in one central place. Not to mention, the world of online gambling is ripe with bonuses and promotions. With that said, you’ll want to know which games pay, and which ones pay consistently through a bit of strategy.
Making a killing from online slots, for example, is a tougher gamble. Why? The numbers are often generated at random. If you’re looking for an easier, more reliable way to cash in, keep your focus on skill-based card games, such as online poker. In fact, many of today’s top young poker players got their humble start online.
If you’re a sports or gaming guru, utilize that knowledge in the field of sports betting, daily fantasy sports and esports.
Gambling Online in the US
If you’re based in the United States and hope to make a living off of gambling but have been reluctant to start due to concerns about its legality, fear not. Educating yourself on the legality behind US online gambling can help ease your fears and make you confident to jump in. There are a few key things to remember, though.
While it’s legal to gamble online in the US, gambling regulations are done on a state-by-state basis. That means that state-based governments are in control of the practice and regulation of legal US gambling sites.
Have Starting Capital
With any new venture, there’s always a learning curve involved. Apply the same concept to online gambling. You’re not going to know everything off the bat, and you’ll certainly learn tricks of the trade along the way. But this comes after the trial and error that comes with playing. A lot.
Knowing this, it’s wise to set aside a good amount of money that you can afford to lose. Think of it this way, you need to treat your new online gambling career just as serious as you would starting up a new business.
Play strategically. Don’t play when your wallet is stretched thin and you’re desperate to make a few hundred bucks.
The Mathematical Edge
What do the separate avenues of gambling, such as blackjack, poker, and sports betting have in common? They require a deeper understanding of math.
If you want to make a full-time living from gambling, you’re going to have to know your numbers and how they work. There’s no other way around it. Try looking into taking a course in probability or gambling math for a better understanding of the mechanics. It could prove very useful when placing your bets.
Stick to a System
Eventually, you’re going to find your pocket. You’ll start to find the games with the highest payouts, and you’ll feel more confident in securing those wins with everything you’ve been putting into practice.
A word of advice from big-time gamblers? Stick to a steady stream of revenue instead of chasing life-changing wins. It’s important to remember that what everyone can afford to lose is different, so bet only on what you can afford to lose.
Also, remain confident in yourself. If your system isn’t working right now, it doesn’t mean it’s broken. Keep the faith that you’ll turn losses into profits again soon enough.
Take Calculated Risks
A gambler who takes calculated risks is a gambler who enters a game of chance with at least one known advantage.
The real difference between a risk versus a calculated risk is foresight. The “calculation” part comes from the education gained by studying and understanding the set of rules of information that a certain game follows.
Calculated risk-taking involves using the logical thinking part of your brain, not the part that is reactive and fueled by emotions.
What to Remember
Admittedly, gambling isn’t the easiest of professions to step into. It may not always be the glamorous lifestyle it’s often portrayed to be, but it will be an incredible challenge. One, that if you’re able to get a good grip on, will provide a sense of accomplishment, exhilarating winning rushes, and the opportunity to live life on your terms.