Business & Finances
How to Become a Professional Gambler: A Career Guide

How to Become a Professional Gambler: A Career Guide

Back at the turn of the century, there weren’t very many professional gamblers in the U.S. One report indicated that as few as 100,000 people considered themselves to be pro gamblers.

But that has all changed now that gambling has been legalized to some degree in almost all states. There are pro gamblers popping up all over the place and launching successful gambling careers.

If you’ve ever wondered how to become a professional gambler, you should learn all about the process involved with doing it before you take the leap of faith and begin gambling as a pro. Because while there is no shortage of professional gamblers, not all of them are as profitable as they might like to be.

You can improve your chances of enjoying success by figuring out how to make money by gambling. Here are some gambling tips that should get you off to a strong start.

Decide Which Casino Games You’re Going to Play as a Professional Gambler

There are some professional gamblers who have mastered an array of casino games. You might be able to do this, too, at some point down the line.

But when you’re first trying to figure out how to become a professional gambler, you’re going to need to pick just one or two casino games and focus on them. You’ll increase your odds of walking out of a casino a winner more often than not when you’re playing a game that you know inside and out.

It doesn’t matter if you choose to play blackjack, roulette, poker, or fun online slots for a living. What’s important is that you make a decision early on as far as which casino games you’re going to spend most of your time playing.

Perfect Your Skills by Playing Your Preferred Casino Games a Lot

Once you know which casino games you’re going to attempt to play professionally, it’ll be your job—like literally your job—to master each and every one of them. You’re going to have to spend a ton of time playing blackjack, roulette, poker, slots, or whatever other games you’re planning on playing for real money on a regular basis.

How much time? Well, some experts have suggested that it takes 20,000 hours to truly master something. You might not need to go that crazy, but you should spend your fair share of time practicing the casino games you plan to play.

You should know all the latest strategies for playing these games. The more that you know about the games, the better you’re going to be able to perform when you have money on the line.

Put Together a Bankroll That You Can Use to Gamble

You’re probably not going to be able to make it as a professional gambler if you only have, say, $200 in your bank account. That might be enough for you to enjoy one fun night in a casino, but it’s not going to last.

Instead, you’ll need to work on establishing a bankroll that you can use to gamble. You should put together at least a few thousand dollars that you can use at the start while you’re learning how to become a professional gambler.

This shouldn’t be money that you need to survive. It should be money that has been specifically earmarked for gambling purposes. You don’t want to put yourself in a tough spot financially in other aspects of your life by gambling with money you can’t afford to lose.

Figure Out When You Do Your Best Gambling and Come Up With a Schedule

In this day and age, you can gamble at pretty much any time of the day or night. Thanks to the internet, you’re going to be able to find a seat at an open table whenever you would like.

That doesn’t mean that you should just gamble all day and all night long, though. Rather than doing this, you should figure out what times are going to work best for you.

Ideally, you want to gamble at times when you’re not going to be focused on other things. You should come up with a schedule that works for you so that you can gamble without any distractions during your designated times.

Set a Betting Limit for Yourself—and Commit to Sticking to It!

How much are you going to bet at a time? That’s a very important question that you’ll need to answer before you begin putting down bets as a pro.

Generally speaking, you’re only going to want each of your individual bets to represent a very small percentage of your overall bankroll. It’ll allow you to ride out the highs and lows that you’re sure to experience along the way.

It’s not always going to be easy to stick to your bankroll. But it’ll guide you in the right direction as you set out to add to it as opposed to taking big chunks of it away.

Avoid Chasing Your Losses When You Can’t Seem to Buy a Win

No matter how much time you spend playing your favorite casino games, there will be times when it’ll feel like you just can’t seem to win any money. It happens to even the best professional gamblers in the business.

When these times come, you might be tempted to chase your losses in an effort to get yourself back to even. This is not the way to establish yourself as a professional gambler.

You’re going to have to get used to losing every now and then. It’s going to come with the territory when you gamble on a professional level.

Keep Track of Your Wins and Losses for Tax Purposes

Professional gamblers have to pay taxes just like everyone else. For this reason, you’re going to have to get yourself into the habit of keeping accurate records when it comes to your wins and losses.

You should create a binder that you use to keep tabs on your wins and losses as you move forward. It’ll make tax time a breeze and prevent you from running into any issues with the IRS.

Know How to Become a Professional Gambler Before You Get Started

Far too often, people try to become professional gamblers without figuring out how to do it first. This almost always leads to them blowing through a bunch of money without enjoying much success.

You can avoid having this happen to you by learning how to become a professional gambler. Use the tips found here to get your gambling career off the ground.

Read other informative gambling-related articles by browsing around on the rest of our blog.

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