Hollywood movies, TV commercials and sites likePureNetWorth make the life of a professional gamblerlook very appealing.
But there's more to being a professional gambler than dressing like James Bond, drinking rare wines, staying in 5-star hotels, and living other luxurious lifestyles. What can we say about the fact that anime and manga have made gambling more popular in Japan over the past 20 years?
Technology has made it possible for modern players to save those costs and put them toward a bigger bankroll at the best online casinosites.
Whether you like the excitement of a real-life casino or the convenience of an online casino, if you want to make a reliable living from gambling, you need to do more than just hope.
Gambling can be very profitable if you know the secret, but you need to be practical if you want to win consistently. Having said that, let's look at if and how you can live your dream life as a punter.
Technology has made it possible for modern gamblersto save on such costs and use them to build up their bankrolls at the best online casinos on the web.
Whether you like the excitement of a real-life casino or the convenience of an online casino, if you want to make a reliable living from gambling, you need to do more than just hope.
Gambling can be very profitable if you know the secret, but you need to be practical if you want to win consistently. Having said that, let's look at if and how you can live your dream life as a punter.
How Much Do You Have In Your Bank Account?
At some point, every gambler has dreamed of winning a lot of money.
But if you play hoping for those earth-shattering wins, you're more likely to get hit by lightning. Here's what makes about 10% of gamblers different from the rest:
Even though lady luck is still the most important factor in gambling, you must work on your appearance if you want to attract her attention. The good news is that people who don't have much luck sometimes get lucky.
The bad news is that it doesn't happen very often. It mostly helps those who are brave, tough, and have a big bankroll. These are the people who can handle long losing streaks while waiting for the big break.
So, in this situation, the trick is to make more money before becoming a professional gambler.
Recognize And Acquire The Necessary Skill Set
Even though it may sound strange, there is more to gambling than picking the right odds or winning at the table. It requires basic skills like keeping records, budgeting, managing time, being emotionally stable, being good at analysis, and other skills that are needed in most jobs.
Let's talk about the skills you need for real gambling. Many people who want to gamble for a living make a professional mistake right here. They have a hard time telling the difference between games of skill and games of chance.
The harsh truth is that if you play a game of chance for a long time, it's almost impossible to win every time. The rules of these games are set up so that the house always wins and you never do.
On games like roulette, craps, or slots, it's not uncommon to be on a winning streak, but the math and odds are always against you unless you learn how to cheat. In the long run, the casino always comes out on top, so doing that can quickly get you blacklisted.
Games of skill are those in which you have some control over the outcome. Even though there is always an element of luck, using the right skill, knowledge, or technique when you place a bet can help to lower the variance.
Some of the games in this group are blackjack, poker, backgammon, spades, e-sports, and sports betting. With these games, you have a better chance of becoming a professional player.
Profiles Of Professional Gamblers
Here are the most common types of professional gamblers. If you want to become one, you might start learning a style that fits your skills or goals.
Match Bettor
Most online gambling sites offer perks like free bets to get you to join them instead of their competitors. You can't get your money back from the free bet, but any money you win is yours to keep.
If you are smart, you can spread your bets and take most of the bonus money no matter what the outcome is. You can make a big profit if you use this strategy with all online bookies.
Value Bettor
Value bettors often know more than anyone else in the world about a certain team or sport. They know more about it than the people who make the odds for the bookmakers. All of this information is used to figure out their own odds. If their odds are much better than those set by the bookies, they will bet the difference.
The value bettor may be the most honest type of professional gambler. Instead of taking advantage of bonuses or loopholes, they win at gambling by outsmarting the bookmakers.
Arbitrager
As a professional gambler, I've made the most money from sports betting arbitrage. Even my college thesis paper was about it.
To put it simply, let's say there is a tennis match going on. If one bookmaker thinks that player A will win and the other thinks that player B will win, their odds will be very different.
If the difference is large enough, you can bet at both bookies on the opposing players and make money no matter who wins the game.
Sports Trader
Everyone knows about traditional bookmakers, but have you ever heard of betting exchanges like Betfair? They are like the stock market, but they are places where people can buy and sell bets.
This means that you can buy and sell a single bet many times and make a profit before the event even happens.
Is There Anyone Who Has Won A Lot Of Money Gambling?
Those people are the most wealthy gamblers in the world. Zeljko Ranogajec, an Australian millionaire who made his money on his own and is known in the gambling world as "the Joker," bets almost $3 billion a year.
His company, Tabcorp, is one of the most important gambling businesses in Australia. This example made enough money to be in PureNetWorth. Maybe you could be the next professional gambler to start with a big net worth.
Remember To Practice
Play some low-stakes games at real or online casinos before putting a lot of money on the table. Keep track of your progress and evaluate it often. Change how you keep track of your money and how you play as needed until you feel ready to play games with high stakes.
If you're not having any luck, on the other hand, you should keep playing free social casino games until you get good at them.
People Also Ask
Who Is A Professional Gambler?
What Exactly Is "Professional Gambling"? Professional gambler has full control over how much time, money, and energy they put into gambling. People think they are better at gambling than other gamblers and that they are less likely to become addicted.
Can You Make A Living As A Professional Gambler?
You can still make money as a player if you work hard and get enough experience. Some professionals still make six or seven figures a year from the game. but most professionals earn between $40,000 and $100,000 per year these days.
What Are The 3 Types Of Gamblers?
There are three main types of gamblers: those who do it for a living, those who do it for fun, and those who have problems with it. Be aware that a person who has a gambling problem will often think or act as if they are a social or professional gambler.
Conclusion
If you want to become a professional gambler, you can't say enough about how important your bankroll is. If you don't have one yet, choose a job that will help you reach your goals.