How to Become a Professional Gambler: Ultimate Guide

How to Become a Professional Gambler: Ultimate Guide

Have you ever heard that people make money gambling, and they do it for a living and not just for pleasure? 

Do you think you got what it takes to be one of the few professionals? 

Let’s see if it is in your cards to be a pro high roller as we teach you how to become a professional gambler.

What is a Professional Gambler?

A professional gambler is someone whose primary income comes from gambling. The prize money, or salary, can come from betting on sporting events or playing casino games like poker or blackjack.  

They are NOT just regular players.
Professional gamblers have a deep understanding of the sporting odds or probability of having a winning hand. Moreover, they do it for a living

Like every other profession, becoming a professional gambler has its ups and downs.

Pros

  • Endless earnings available
  • Challenging career
  • Your job includes playing entertaining games

Cons

  • No fixed income and common downswings 
  • Irresponsible gambling can turn your career into an addiction

Steps To Becoming a Professional Gambler

When it comes to the steps on how to become a professional gambler, different paths work for different people. But there are some general STEPS for anyone looking to make a career out of gambling.

Choose the gambling field you want to master

Every gambling game has a unique set of rules of play and strategies. Go through every possible option and CHOOSE what you want to master.
Whether:

  • The money management techniques of roulette or slots
  • A game that requires more skills like poker or blackjack.

Don’t get discouraged if you may try different beginner games for a more extended period. Eventually, it will pay off, and you will find the right gambling game.

Start small and build your way up to the top

Start with lower stakes until you have reached the pro level and feel confident that you own the game. Until you do, practice, and then don’t forget to practice some more.

In the meantime, make sure you have a respectable bankroll available for play.

Excellent advice from pro gamblers is to make a personal statistics sheet by keeping track of your wins and losses. By doing this, you will always be aware of where you stand and won’t be in a position to spend more than you can afford to lose. 

Develop a strong gambling system

Learn every possible trick, strategy, and playing technique by watching the more experienced gamblers. Moreover, learn from your failures. Your gambling system should be based on mathematical betting principles, and it should be tailored specifically to the games you are playing. 

It takes a lot of hard work and practice to perfect a gambling system, but it’s worth it if you want to make money gambling.

Remember that learning how to gamble is a lifetime process, and it won’t end once you turn into a pro.

Gamble responsibly 

Gambling can be a fun and exciting way to make money, but it can also be addictive. So, always remember to gamble responsibly!

Do you find yourself losing more cash than you’re comfortable with? Is gambling causing problems in your life?

It’s time to take a step back and reassess your relationship with gambling. Professional gamblers know when to walk away from the tables, and so should you.

Types of Professional Gamblers

There are many different types of professional gamblers, but they all have one thing in common: they make money by gambling.

Some professional gamblers specialise in a particular type of gambling, while others are generalists who gamble on various games. 

Here are some of the most common types of professional gamblers:

  • Slot players
  • Table players
  • Card Counters
  • Matched bettors
  • Horse bettors
  • Arbitrage bettors
  • Value bettors

Slot Players

The specialities of the slot pro players are the slot machines as they know all the slot secrets. Therefore, the different games range from non-progressive slot games to progressive slots. 

As with every other gambling option, even if you play slots for more than 10 hours in a row, there is a chance that you won’t finish in the green.

That’s why pro slot players aim for:

  • the big jackpots, 
  • volume hunting, 
  • bonus hunting,
  • handling the variance. 

Table Players

Table players have a professional career in gambling on beginner casino table games like blackjack, baccarat, poker, crabs, etc. Every table game has its own rules that every professional gambler should know by heart. 

Pro table players are fond of the system they are playing, always take the lead on crowded tables and know how much cash to bet. 

Card Counters

Card counters can keep track of the cards left from the deck. This tactic is usually used while playing blackjack. By counting the cards, the gambler knows when to raise his stakes. 

Becoming a professional gambler by counting cards is more complicated than it looks. It requires a lot of focus and mathematical skills.

Unfortunately, card counters cannot use their powers while playing with an online casino. Also, card counting is not allowed, and casinos can disqualify every suspicious player. 

Matched Bettors

Matched bettors are also risk-free bettors because they keep up with every promotion the bookmakers have for free bets.

Every bet they win while using the bonuses and promotions is usually without risking actual money, but the reward from the bets can be pretty high.

Horse Bettors

Horse bettors are more than just bettors who wager on the Nap. So, you have to learn many things to become a professional bettor on the Sports of Kings.

While placing your bets, you should consider many other factors like: 

  • the latest statistics and trends of the racehorses, jockeys, and trainers
  • knowing how to read racecards, 
  • being familiar with the stables, 
  • understand how handicaps work.

Arbitrage Bettors

The arbitrage bettors have excellent research skills. First, they start with analysing the odds bookmakers offer and their margins. Then, they place bets on several outcomes with different bookmakers. The aim is to secure a profit. 

Many punters fail to make a difference between arbitrage and matched betting. So, matched bettors usually place free bets where their return is 0 or under. On the other hand, arbitrage bettors are wagering on both market sides. Therefore, they are using their money instead of taking advantage of the free bets.

Value Bettors

Being a value bettor will bring out the need to know everything about the players and the sport in question. In simple terms, you have to be an expert in analysing sports matches.

They combine all of the data and calculate their own odds. If their odds differ significantly from those of the bookies, they will gamble the difference. Thus, the goal is to win a bigger prize.

Conclusion

Money won is twice as sweet as money earned. Agree, right?

Now that you know everything about how to make money gambling, you are ready to make the jump from casual gambler to professional. 

Think about which type of pro gambler will suit you the best and start making a career out of gambling.

FAQs:

How much do professional gamblers make?

Professional gamblers for sure know how to make money gambling. Most of the global pro gamblers make approximately £32 000 to £80 000 per year.

Is gambling skill or just plain luck?

There is no straightforward answer to this question. 

Many believe that the right formula for a successful gambling is a balanced MIX of skills and luck. They just don’t go one without the other.

Do professional gamblers pay tax?

According to the HMRC Business Income Manual, money earned on gambling is NOT a subject of taxation in the United Kingdom.

Furthermore, professional gamblers do NOT pay taxes in the UK because gambling is not considered a trade. Instead, bookmakers and casinos are obligated to pay taxes on their profits.

Who is the richest gambler in the world?

Althoutgh he is the wealthiest he is not one of the most famous gamblers worldwide. The wealthiest gambler in the world is the American horse racing punter and blackjack player Bill Benter. He earns approximately  £80 million a year, and we can learn a lot about how to become a professional gambler from his story.

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