Do you want to become a professional gambler?
Gambling is alluring, considering how a $5 wager could win $10.5 million. However, making money gambling isn’t as simple as these strokes of luck. It involves making strategies for a sustainable income.
Otherwise, you will end up draining your bank account in a blink of an eye.
So, how to become a professional gambler? Read on as we discuss some steps to kickstart your career:
1. Choose A Gambling Game
As an aspiring professional gambler, you have lots of game options. Some specialize in slots, despite their primary reliance on luck. The good news is a lot of games require gambling strategies.
Here are some popular games among professional gamblers:
The majority of the rich and famous figures in the professional gambling world play poker. After all, it’s mostly a game of skill. If you want to become a professional poker player, consider looking beyond percentages.
Poker is a psychological game since it requires reading your opponents. You must analyze every situation to determine when and how much to bet.
Some of this game’s prize sizes make it one of the fastest ways to become a professional. A lot of poker events have six-figure rewards. Several are even worth millions.
Unlike poker, blackjack is trickier because of the house edge. Even when you do everything correctly, you still risk losing. It’s what makes this game challenging to build a consistent bankroll.
If you think you have what it takes, it’s possible to earn from blackjack. Legendary players won millions from blackjack before casinos focused on prohibiting card counting.
However, blackjack tournaments are more profitable. They aren’t as strict with card counting since you’re playing against other gamblers.
Online blackjack is harder to win because of random card generator algorithms. Some players think it’s impossible.
Sportsbooks often work in favor of the house. Regardless, a lot of professional gamblers make it big on sports betting.
Bettors are becoming more complex. They now have systems and algorithms to discover the top odds. It also allows them to choose from the most profitable sports around.
As a sports bettor, you’re unlikely to win all the time. With -110 odds, you must hit around 52.5 percent of your bets to make bank. If you’re willing to commit, you can build a steady income stream in the long run.
2. Get A Sizeable Bankroll
Gambling is similar to starting a business. Even if you’re playing in Online Casinos, you must have some capital to start your career. It’s because you’re unlikely to make profits off the bat.
For example, only 128 professional baseball players achieved a first at-bat home run. These odds are similar to your likelihood of winning a jackpot on your first gambling experience.
Starting with a large bankroll is vital since you can expect to lose at least 45 percent of your bets. It applies even after playing professional gambling games after a few years.
Gambling means taking risks to earn money. If you make small wagers due to a lack of funding, you can’t maintain your career. It makes you hesitant to bet a lot because you fear the loss.
3. Develop A Winning Mindset
Ask yourself whether you have what it takes to win. Sitting on your couch and making bets based on gut feeling aren’t winning attitudes.
As a professional, you must exude mastery. It means committing to your learning before even betting a dime. By the time you get to the table, you already have extensive knowledge of techniques.
You must also develop a stronger mindset to handle losses. In most cases, losing is more prevalent than winning. It allows you to accept these and move on.
4. Make A Plan And Set Goals
Following the steps above gives you a game, bankroll, and mindset. Planning and setting goals will help build your professional gambling career. After all, you won’t achieve this status within a few days.
Your path toward making a living with gambling starts with proper planning. At the same time, you must set benchmarks as you progress. For example, you can spend three to six months mastering your chosen game.
Start placing bets to learn winning and losing strategies. Test out your techniques and determine what works for you. You’ll gather enough data as you play.
Maintain a backup plan to prevent failure. Assume some processes take longer. Learn when to step back and assess your situation.
5. Keep Records
Your gambling career should focus on recordkeeping. Track your games, expected results, the reasoning for the prediction, and the actual result.
Having these details on hand allows you to make better decisions in the future. The data will give you insight into where you went wrong. It’s a trove of information to develop your gambling skills.
Your gambling records are also necessary for audits. The IRS scrutinizes professional gamblers more than the average citizen. Protect yourself by keeping records of your gambling wins, losses, and amounts.
6. Keep Practicing
Before you go all-in, play some low-stakes games. It doesn’t matter if you play online or physically. However, the former offers more free games.
Take advantage of these low-risk gambling activities to build your skillset. Track how well you do in each game and change it to cover your weaknesses. Apply the same to your money management system.
Keep practicing until you feel ready to go professional. If the local free casinos are defeating your strategy, you aren’t fit to build a career yet.
Learn How To Become A Professional Gambler Now
These are the steps on how to become a professional gambler. Many types of gambling exist, so choose the best one for your skills. However, your attitude will determine how you progress in your career.
However, learning these gambling tips is only the beginning. Look for reputable casinos in your area if you plan to play physically. Otherwise, look at online casino reviews to avoid scams.
Are you looking for more helpful tips? Consider reading our other guides and learn more today.