Gambling for a Living: How to Become a Professional Gambler

The concept of becoming a professional gambler appeals to many amateur gamblers. Many of them are taking it seriously, relocating to Las Vegas or Atlantic City and spending their days around the blackjack or poker tables or at the sportsbook or race book. Most of them return home broke and disappointed, few of them actually make it.

Becoming a professional gambler is not as easy as it seem. Being a talented poker or blackjack player with a background of notable winning is not always enough. Having unlimited funding is always an advantage, but cannot assure you a successful gambling career, the same goes for luck. In order to become a professional gambler, you must have different qualities such as high tolerance, ability to focus, realistic but positive perspective, high level of self discipline, and more.

For starters, in order to become a professional gambler, you must have a big enough bankroll that will be able to cover up your losses. At one point or the other, you will find yourself losing. Every professional gambler, as skilled and talented as he might be, is going through losing periods. You cannot avoid losing but the least you can do is be prepared in advance.

Many of the people who give up their professional gambling career aspiration do it because they did not take care of a sufficient bankroll to cover up their unexpected losses. A realistic bankroll is estimated as a minimum of 100,000 dollars. Realism, by the way, is a key word. Although gambling for a living may sound like a dream job, you must wake up and be aware to all the realistic aspects of it.

Whether you intend to be a professional blackjack or poker player, sports bettor or horse racing handicapper, you should learn to master your gambling field. It means reading every book available on the market, learning every strategy and betting system, practicing your play and writing notes after each playing session. If you want to become a professional blackjack player, learn all about card counting, shuffle tracking and the optimal blackjack strategy. If poker is the field of your experts, become a master in poker strategy, poker tells, etc.

How to Make 100,000 Dollars a Year Gambling for a Living authored by David Sklansky and Mason Malmuth is a good book to start. It is one of the most comprehensive books ever written about the subject and it covers most of the ways to gamble for a living including professional poker, blackjack, video poker, sports betting, horse racing betting, casinos promotions and more. For further information on the subject, you can pick up tips from the internet and/or even attend gambling conferences.

However, as I mentioned in the beginning of the article, becoming a professional gambler requires much more than a gaming skill. First, it requires a strong character and even stronger will to gamble professionally. It will not be easy. You are about to face tough competition, lose huge amounts of money, criticized by the society that will look at you as a parasite and a bum, and these are only few of the problems you are heading. Can you handle this? If you are keen about trying, and you can afford it financially, I say go for it.

Eden Katz is an amateur gambler who had gained vast experience in casino gambling and online casino gambling. She is the editor of an online casino portal that provides information on casinos for American players, poker, craps, baccarat and other casino games.

Popular Online Poker: Some Facts

The anonymous play is particularly advantageous to the novice, and can be very important when playing with a with a card shark who has a sharply honed ability to read other players behavior. Although there are a lot of online games website which offer free games also, but playing games with real money has always been excited as you have an opportunity to earn good amount of money. Detailed notes regarding your opponent’s style and previous play can be kept close at hand in a notebook something you cannot do in a live game, and can be referenced and utilized at any time. While there are subtle telling actions in online poker that can be picked up on, these are much more easily controlled and circumvented.

The first and foremost quality to master this game is skills, if you have skills you can make money and also if you don’t have skills you will always learn to play better next time. Other tools at the online poker player’s disposal include easily accessible odds information and statistics, and the ability to use charts and calculators during game play. With a little effort poker tricks can be learned and used instead against your opponent. Apart from being very simple, it is also fair and transparent. Online poker players also have access to their own securely stored history, making it easy to examine and continually improve upon their game from past experience.

There would be always online poker rooms in the online games sites. If you are a beginner, you will also find free registration in few online poker sites. If you spend much time at all playing poker, this small amount can really add up. In addition, while playing online, it’s never necessary to tip the dealer whereas in a live game, it is customary, even expected, that you tip the dealer when you win, in addition to the rake. To play online poker game, the best way is to analyze the moves of your opponent and make your own strategies based on your observations.

There are a few disadvantages to playing online poker as well, but for many the advantages far overlook them. Ease, Availability, Game play, and Money saved are consistent factors, but online play can’t provide the thrill of face to face action or the buxom waitress supplying complimentary drinks. Also few websites provides free virtual money so that the beginner players will always have an opportunity to learn this game without the risk of losing their real money. Online poker play doesn’t preclude live play and many poker enthusiasts are able to find a balance that satisfies both their gaming preferences and entertainment needs.

Why Do People Do Sports Betting Online?

Online sports betting is an activity that is enjoyed by millions of people all over the world, betting becomes a part of their lives and many of them bet to the max, day and night, pushing their luck as much as they possibly can. So why do people enjoy this activity so much? Well firstly and most importantly, betting online gives you a lot of freedom, it’s quick, it’s easy and best of all it’s convenient, it doesn’t matter if its 1100 am or 1000 pm, you simply get on your computer, sing in and then you can bet the night away.

Another popular reason that thousands prefer online betting rather than offline is that most of them find that placing a bet on their favorite sports team through the Internet greatly enhances their enjoyment.

This is also true when betting offline as it enhances your enjoyment in watching the game or listening to it on the radio. Another reason that thousands of people prefer online sports betting than the Las Vegas betting or betting from your local bookie. The main difference lies on the fact that if you are in Las Vegas sports book, you will be able to see the action on a big screen, broadcasting the numerous college and pro games being played across the country.

In Las Vegas sports book, you will also be able to know the scoring updates on the progress of all games on which you are taking action. On the other hand, for online sports betting, you can watch the game and even the whole action from the comfort of your own house.

You can place your bets online or by phone. You can even receive live updated sports lines and odds for every game you are betting on by receiving up-to-date emails, or going online and checking them out. I have a program on my computer that keeps up with the latest scores, lines, bets, etc. It’s hassle free and instant. Lastly, many bettors believe that online sports betting gives them better chances of winning. Perhaps this is for the idea that when you bet online, with a number of online sports books, you get the full idea of what the best lines and odds are.

You also know what factors that may affect the outcome of the game, giving you a hint of what to bet and how much. However, in today’s high tech world where hundreds of online sports betting sites are emerging, finding the best bookie can be difficult. The best thing that you can do is to read reviews and ask for recommendations as possible. Be careful with their claims, and read the rules posted on their sites before you place your bets.

How to Calculate the Odds at Casino Gambling Online You Do the Math

Online casinos, do not have pricey overhead expenses. Casino Gambling online establishments are able to pass these savings on to their customers. For this reason, online casinos offer payout rates that are considerably higher than those offered at brick and mortar casinos in Las Vegas- or anywhere else in the good old USA. Casino Gambling online payout rates are compiled on a monthly basis by the Online Players Association (OPA), an internet casino players advocacy group. Its kind of ironic really. Everyone (at least the lawmakers) talk about these rouge casinos that dont payout. The online casino industry is self policing. And it does a really good job. Online casinos are put through more scrutiny than land casinos. Its not that land casinos might cheat – they dont have to. They are legally allowed to set the payout of their slots to 80%. Casino Gambling online establishments have payouts that range from 96 to over 100% You need to be clever to get the 100+% payouts, but its doable.

Payouts at Tribal Casinos

Strange as it sounds, tribes do not have to report publicly their profit or what is paid out to patrons. In six years, casino-style gambling on Indian land in California has grown to a $7 billion-a-year industry, according to the Indian Gaming Industry Report. So it pays to ensure that customers think they have a fair shot at winning. Heres the payouts of slot machines at land casinos (courtesy of www.lasvegasinsider.com).

For comparison, online casinos have payouts around 98%.

Can You win at Casino Gambling online?

In this article, I present a basic overview of how to calculate the odds that are given to Casino Gambling online players. I use the casino bonuses in this article. This inclusion of the bonuses is because if youre Casino Gambling online (why did you search for that phrase again?) youre going to be on the receiving end of some pretty hefty bonuses.

The basic formula is this:

Amount wagered * (payout-100 %)/100 = amount won.

The amount wagered is the total amount you bet. If you bet $20 five times, the amount wagered is $100. The Casino Gambling online payout precentage is the average amount of cash youll get back if you wager $100. The payout % is commonly referred to as the odds. If the payout is 98% and you wager $100 (all your money), youll most likely be left with $98. If you have $1000 and you wager $200, youll probably be left with $996. The amount lost is pretty straightforward. If you cant figure this out, you shouldnt be a Casino Gambling online player.

If you are a Casino Gambling online player given a sign up bonus:

payout percent = 100*free cash/amount wagered + old payout percent.

A typical example is a free $50 if you deposit $50 and wager a total of $200. Assuming youre playing something like Blackjack, you should be able to get a basic payout % of 98%. Plugging these numbers into the first formula, we get.

In this case, the new Casino Gambling online payout percent is: 100*50/200+98 = 123%

How much would you win in the above scenario?

Amount won = amount wagered * (payout-100 %)/100 = 200 * (123-100)/100 = $46.

So what does this mean? I must apologize for the math. Basically, the blurb above says that if you download commodore casino software, register the software and make a $200 deposit, youll end up winning 46 bucks. All in all, not a bad way to pick up some extra money! Its not very often that you can go to a casino and have the odds in your favor. Opportunities like this need to be taken advantage of while they exist.

Online casinos, do not have pricey overhead expenses. Casino Gambling online establishments are able to pass these savings on to their customers. For this reason, online casinos offer payout rates that are considerably higher than those offered at brick and mortar casinos in Las Vegas- or anywhere else in the good old USA. Casino Gambling online payout rates are compiled on a monthly basis by the Online Players Association (OPA), an internet casino players advocacy group. Its kind of ironic really. Everyone (at least the lawmakers) talk about these rouge casinos that dont payout. The online casino industry is self policing. And it does a really good job. Online casinos are put through more scrutiny than land casinos. Its not that land casinos might cheat – they dont have to. They are legally allowed to set the payout of their slots to 80%. Casino Gambling online establishments have payouts that range from 96 to over 100% You need to be clever to get the 100+% payouts, but its doable.

Payouts at Tribal Casinos

Strange as it sounds, tribes do not have to report publicly their profit or what is paid out to patrons. In six years, casino-style gambling on Indian land in California has grown to a $7 billion-a-year industry, according to the Indian Gaming Industry Report. So it pays to ensure that customers think they have a fair shot at winning. Heres the payouts of slot machines at land casinos (courtesy of www.lasvegasinsider.com).

For comparison, online casinos have payouts around 98%.

Can You win at Casino Gambling online?

In this article, I present a basic overview of how to calculate the odds that are given to Casino Gambling online players. I use the casino bonuses in this article. This inclusion of the bonuses is because if youre Casino Gambling online (why did you search for that phrase again?) youre going to be on the receiving end of some pretty hefty bonuses.

The basic formula is this:

Amount wagered * (payout-100 %)/100 = amount won.

The amount wagered is the total amount you bet. If you bet $20 five times, the amount wagered is $100. The Casino Gambling online payout precentage is the average amount of cash youll get back if you wager $100. The payout % is commonly referred to as the odds. If the payout is 98% and you wager $100 (all your money), youll most likely be left with $98. If you have $1000 and you wager $200, youll probably be left with $996. The amount lost is pretty straightforward. If you cant figure this out, you shouldnt be a Casino Gambling online player.

If you are a Casino Gambling online player given a sign up bonus:

payout percent = 100*free cash/amount wagered + old payout percent.

A typical example is a free $50 if you deposit $50 and wager a total of $200. Assuming youre playing something like Blackjack, you should be able to get a basic payout % of 98%. Plugging these numbers into the first formula, we get.

In this case, the new Casino Gambling online payout percent is: 100*50/200+98 = 123%

How much would you win in the above scenario?

Amount won = amount wagered * (payout-100 %)/100 = 200 * (123-100)/100 = $46.

So what does this mean? I must apologize for the math. Basically, the blurb above says that if you download commodore casino software, register the software and make a $200 deposit, youll end up winning 46 bucks. All in all, not a bad way to pick up some extra money! Its not very often that you can go to a casino and have the odds in your favor. Opportunities like this need to be taken advantage of while they exist.