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Gambling for a Living – What It Takes to Become a Professional Gambler
While most people view gambling as an exciting form of entertainment, others view it as a terrible practice that is a waste of time and money. Regardless of the different opinions, however, there are actually people who gamble for a living. Are these types of people the luckiest people on the planet? No way. In fact, there are a lot more players involved in the game than most people realize. We’ll take a look at some of the major aspects of professional gaming and get a glimpse of how pro gamers make a living against the odds.
There are many forms of play, and it goes without saying that some forms are easier to draw than others. For example, someone who is very interested in sports might find it easier to make money from sports betting than from playing blackjack in a casino. On the other hand, someone who is good with numbers will find it easier to profit from blackjack or poker. Whatever the game, there are several essential factors that must be mastered and perfected, and luck is not one of them.
The first and most obvious factor in professional gaming is “knowledge of the game”. It is not enough to know a little about the game. It is not enough to know a lot about the game. You must have full and complete knowledge of the game you decide to play. You must be a perfect player. However, in most forms of gambling, being a perfect player will only give you at best a 50/50 chance of winning. You’ve no doubt heard of the dreaded “house edge”. If being a perfect gambler gives you a 50/50 chance of winning, think about the 99% chance of people walking into a casino. They’re just there to have a good time, and their lack of knowledge puts them way below a 50/50 win. So if being a perfect player only gives you a 50/50 chance of winning at best, there must be more to professional gaming. Right?
Bankroll management is by far the most important aspect of professional gambling. Your “bankroll” is the amount of money you use to play. Not only do you need the right amount of money, but you need to know how to manage that money when things get hot and sticky. You need to know what to bet on when you win and what to bet on when you lose. You can’t go into a game with 50 bucks and expect to walk away with 200. You have to be realistic and set realistic goals to win. Most professional players are happy with a 10% return. That sounds drastic for someone playing for fun, but when it becomes a business, things get both serious and realistic.
Discipline is also a top priority when it comes to playing for a living. You need to know when it’s time to leave. You need to be able to set a limit on your losses and not go broke like everyone else does. Don’t let your emotions get the better of you. Day-to-day play will involve both positive and negative swings, and you need to be able to handle those swings without losing your mind or getting upset. Once your emotions override reason and start affecting the way you play a particular game, you can say goodbye to your money.
Experimenting with different systems can be very beneficial. Do your homework and figure out what works best. Learn to look for trends in the gaming world. They’re everywhere. No one can explain why trends happen, but they do. For example, tossing a coin has a 50% chance of landing heads and a 50% chance of tails. And yet, by flipping this coin 1000 times, you will see result patterns such as 4 heads followed by 2 tails, rather than a pair of heads and tails tampering. Don’t commit the “player fallacy” and assume that because there have been 5 consecutive heads, the tails are more likely to come next. Each spin is independent of the other, and this is a big key in the gambling world. Most professional gamblers would advise you to follow the trends and not play against them.
These are just a few of the basic factors involved in gambling to earn a living as a professional. If you want to see if you have what it takes, practice at a free online casino with play money. Practice and hone the big factors, such as knowledge, bankroll management, and discipline. Don’t make the jump to gambling for a living until you’re sure you have what it takes to do it day in and day out. As they say, “It’s a hard way to make an easy living.”
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