How To Become A Professional Gambler
For many people who enjoy a regular bet, the ambition of becoming a professional gambler exists.
This is partially due to Hollywood's infatuation with gambling, which is seen in films like Casino Royale, 21 and Rounders.
Regretfully, the actual situation differs significantly.
Not everything is guaranteed, including fast vehicles, flawless poker hands, and shaken, not stirred, vodka martinis.
A number of measures need to be taken as well before you can become a professional gambler. These include choosing the appropriate betting strategy and bankroll management technique.
We've put together this comprehensive guide to assist you in understanding each stage. You'll learn that becoming a professional gambler involves far more than what Hollywood portrays.
How to Start a Professional Gambling Career
It will require time, patience, and experience before you are ready to wager professionally. There's no need to make it seem nice. That's what it means to be a gambler in the business.
You have to work at betting in the same manner that you would at a typical "proper" employment.
You will not be able to gamble for a living until you have sufficient experience, patience, and time. There's no need to sugarcoat the situation; effort is what's required.
As an aspiring professional gambler, the majority of your time should be dedicated to honing these three skills:
1. Education and Research
It makes no difference how, where, or when you gamble—studying is crucial.
There's always another soccer match or horse race to watch if you're into sports. There are always opponents to research and odds to figure out for poker players.
Studying is crucial since information is the only thing that can help you make the best choices and increase your chances of success.
For instance, a specific racetrack trainer may consistently aim for a specific event at a specific track. Alternatively, one football team could be a rivalry team for another.
These are variables that you must be aware of.
You can't make the greatest choices if you don't fully comprehend the chances associated with each wager. Making bad choices will eventually cause you to lose money as a professional gambler.
You should give up on your ambition to become a professional gambler right away if you don't enjoy putting in the work because learning will never end throughout your career.
2. Getting Ready for Complete Devotion
Understanding is only helpful when combined with dedication.
Recall that we are discussing professional gambling here. If you approach it with half-heartedness, success is not something you can expect.
For instance, when it comes to soccer betting, twin brothers Gavin and Alex Walker watch four or five matches a day. Their commitment to their trade allowed them to earn £440,000 in just 18 months.
You must commit to gambling full-time if you hope to achieve comparable success. Show up and work hard each and every day.
Make no excuses.
3. Acquiring The Ability To Disregard Emotions
You have to use hard, cold reasoning to make betting selections if you're a professional.
Successful gambling does not allow for sentimentality, so always remember to follow your logic rather than your emotions. Put differently, place the rational wager rather than the sentimental one.
Avoiding superstitions is closely related to making reasonable decisions.
Although you may find solace in lucky charms and rituals, even skilled gamblers don't always win.
A pro differs from the typical bettor in that they make more accurate bets than incorrect ones. If you're extremely superstitious, you might be unable to accomplish this.
It's one thing to put your lucky charms away and not wager on your preferred sports team, but it's much more crucial to let go of your feelings when it comes to casino games.
After all, if you can't maintain your composure, you can't hope to succeed as a poker player.
Put your feelings aside and concentrate on the task at hand.
The Types Of Professional Gambler
Professional gamblers are not all created equal.
Proficiency in card counting and bluffing is essential for success at the casino; nevertheless, these skills will not be useful if you are a sports bettor.
The several categories of professional bettors are listed below:
1. The Matched Trader
There is almost always a sign-up bonus or welcome offer available at online casinos to entice you to sign up.
Due to this, the number of matched bettors—gamblers who get revenue from what are known as "free bets"—has increased. The best thing about these bonuses is that there is no real financial risk.
Any profit generated from free bets is pure profit, even though investments are never refunded.
The drawback of matched betting is, of course, that it is only possible to sign up for sportsbooks once.
Additionally, bookies may restrict, prohibit, or even remove further incentives if they discover what you are doing, which would put an early end to your run of free bets.
2. Bettors on Horses
Around the world, racecourses were home to professional gamblers long before soccer became the most popular sport to bet on.
It's well known that horse racing is highly statistical.
As a matter of fact, a few of the wealthiest gamblers globally have amassed their wealth through the development of algorithms that evaluate enormous datasets to ascertain the genuine favorite.
Of course, it's also critical to comprehend how handicapping operates. The majority of horse races are handicapped, which explains this.
Today's gambling syndicates utilize statistical models extensively, and exchange betting makes it possible for the average bettor to observe which horses being backed and which are being bet on to lose.
This offers substitute income streams for seasoned gamblers: Invest in the syndicates or go with the favorites, who usually end up losing about two thirds of the time.
3. The Sports Merchant
Speaking of the exchanges, the point of horse racing also applies to other forms of sports betting.
It's commonly compared to financial traders playing the stock markets because you can wager for or against sporting events.
You can sell the sports bets you don't like by laying them not to occur, and you can buy into the ones you enjoy by backing them.
You can use exchanges to add to any bets you have placed with sportsbooks that have fixed odds. It implies that you can cover every eventuality. This is a smart choice.
Professional gamblers with a sharp mind always try to set up situations in which they cannot lose.
You have the ability to keep a careful eye on the exchanges to determine when it is best to lay or support an outcome.
Gaining proficiency in this timing is essential for successful sports betting.
4. Sports Trader
This brings us to the topic of arbitrage betting, or simply "arbing."
It is feasible to discover mathematical variations in the odds provided by different sportsbooks by placing bets on a variety of platforms and sportsbooks.
By pursuing such margins, you can bet on and lay the same outcome throughout a sporting event, which ensures that you will benefit no matter how the game turns out.
As you gamble on various websites and betting services, you must maintain meticulous records of your bets. Confusion is avoided in this way.
However, the bookies discourage arbitrage, much like they do matched betting, so you don't want to get caught doing it.
5. Counter Card
Blackjack and other card games primarily involve counting.
You have to be aware of which cards are on the table and which are still unseen when each hand is dealt and played.
It's also necessary to calculate future probabilities and maintain a record of every card that has ever been played.
To put it another way, you must be an expert in math.
While it's not against the law, casinos will prohibit anyone they believe to be card counting because it's a type of advantage play.
You cannot attempt this virtually, if that is what you are considering. You cannot count cards because every hand is played with a shuffled deck.
Pros And Cons Of Being A Professional Gambler
There are benefits and drawbacks to betting professionally, just like with any career.
Before pursuing professional gambling as a career, thoroughly weigh the benefits and drawbacks:
Pros
- You won't feel like you're working if you enjoy playing card games or sports.
- Relief at defeating the bookies.
- Vast quantities of money that can change your life (but only if you work hard and succeed).
Cons
- The potential for abrupt closure by bookmakers or expulsion from a casino.
- There are always other places you can take your business, but the market is getting smaller.
- Research and expertise are necessary and must be updated frequently, which could make enjoyable activities like watching sports into a job.
- Plus, there's always a chance of losing a lot of money because gambling has no guarantees.
3 Top Tips That All Professional Gamblers Follow
Some helpful tips that you should heed in your journey to become a professional bettor are as follows.
Over the years, a lot of seasoned gamblers have picked up these suggestions.
1. Manage Your Bankroll Wisely
Despite the fact that wins should outweigh losses, keeping an eye on your betting bank balance is crucial.
Savvy gamblers will take a portion of their winnings and set aside money for more wagers.
You risk losing all of your money if you don't take profits out of your bets. This would be the last thing you would ever gamble on.
2. Examine the broader picture
It is definitely worthwhile to check out what is happening elsewhere in addition to the soccer match, horse race, or other sporting event you are currently betting on.
Even though you're not placing a wager on this other game, you might discover something new or even a future wager.
The same holds true for casino games. Observe everything and pay attention to everyone. You never know when you might find out anything important.
3. Place Reasonable Bets
There's one guideline that applies even to pros: Never wager more than you can afford to lose.
Respect your betting limitations and stick to your budget. Respecting these is essential since pushing yourself too far can result in financial collapse.
After a poor day, it may be tempting to try to gain back your losses, but you will likely end up digging yourself a worse hole.
Remain realistic, move on, and accept the defeat.
Would You Like To Gamble Professionally?
There you have it, then. Anyone who wishes to make a living from betting needs to be extremely knowledgeable and committed.
Professional gamblers are unable to cut corners and must thoroughly research the sports or card games they play.
When making decisions, emotions and egos have to be kept outside. Data and logic ought to replace them.
There are many different gambling-related careers. Each has advantages and disadvantages in addition to abilities and characteristics. Make sure to choose yours carefully.
All we can do now is wish you the utmost luck if, after reading all of this, you are still determined to wager like a pro!