Gambling For a Living Requires a Business Plan Or Strategy

One of the paradoxes of life is that at first glance, gambling for a living seems to be a carefree, easy, and unconfining way to make a living. But appearances are seldom what they seem and that is especially true of professional gambling. Successful, profitable gambling is a process and not just luck.

Like any way of making a living, gambling requires hard work. The more successful you want to be in life, the harder you have to work at it. You can work hard without a plan and get some results, though they may be mixed, or you can work hard with a plan or strategy and get better results. The question is, how much of a payoff do you want for that hard work?

If you don’t want to waste time and all that hard work, I suggest you plan your work (learning how to gamble) as well as your gambling. The studying and learning are part of the job, so you have to consider part of pro gambling is education. How you get that education may vary. For some, a gambling mentor or school is the way to go. Other people choose books, videos, and other methods. While you can practice at the race track or casino or sports book, practicing before you study can be very costly.

Successful businesses usually have a business plan, in fact, business experts say that a good business plan is the most important tool for success in business. Since pro gambling is a business (and if you aren’t treating it that way, good luck making a profit and luck is exactly what you will need) it only makes sense to have a real written plan. The first part of that plan should be a list of tools that you want to acquire or have acquired to be a successful gambler. Write down what skills you will need to be a success at your chosen gambling venue.

Obviously knowledge of the game, whether it is racing, sports, or casino gambling, is a good place to start. To be successful at a game or business you have to know it inside and out. Knowing what tools (skills and knowledge) you will need and how to acquire them is a good place to start. Also, writing down some realistic goals is another requirement. If you don’t know what you want or expect, how will you figure out how to get it or even know when you have attained it?

Money management is an absolutely essential skill that you need to develop and practice vigilantly in order to succeed as a gambler. If this is starting to sound like a lot of work and somewhat confining and less free than you thought gambling would be, welcome to the real world of professional gambling.

Everything should be written down in a business plan. It doesn’t have to be real complicated but it should be clear and give good guidelines that you can follow. It is your business plan and you can edit it any time that you want to. I advise you to write your plan including goals, both financial and personal, starting bankroll and where future more money will come from, as well as what tools and skills will be needed. Next, start to budget your time. How much time will be spent each day/week/month on book keeping, learning, gambling? Also, and this is very important, how much time will you spend reviewing your plan or gambling strategy and also, finally, how much time will you spend on other areas of your life such as family and relationship commitments and responsibilities?

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Learn the Top Secrets on How to Become a Professional Gambler

If you’re the kind of person who can handle the ups and downs of the life of gambling, and if you enjoy the thrill of the potential wins more than the threat of the potential losses, then you might just be ready to learn how to become a professional gambler. But it’s not something you can take lightly; like any profession, it will take time, patience, and focus to develop the skills you need to earn a living with professional gambling.

Luckily, you don’t have to figure it out on your own. You can learn the secrets that professionals already know. And no matter what your schedule might be in your current ‘day job,’ the skills you need to get good at professional gambling are available to you any time of the day or night – through online gambling and guides.

What other profession allows you to learn without consequences? With online gambling, you can play any number of casino games with the ‘just for fun’ option before you ever risk any of your own money. Many of the sites include tutorials on the games as well, so you can learn tips and then quickly put them into practice.

But there are some secrets to becoming a professional gambler that the casinos won’t tell you. And neither will any competition that you’ll be playing against. Here are some of the most important ones to know:

1. If you truly expect to be a professional gambler, you will need to set yourself up to exceed. Besides studying the games, the casinos, the odds they offer, and the perks you can earn from them, you will also need to set your life up to be successful. This could mean moving to an area where you can gamble daily or at least multiple times a week. It will require focus on your health and well-being so that your decisions at the table or in front of the screen are made out of intelligence and strength rather than weakness or fatigue. It may mean setting up clear expectations with your family on when, how, and how much money you will contribute to your new career. Don’t be surprised if a spouse, parent, or even close friends balk at the idea of you becoming a professional gambler. It may take time to prove to them the possibilities open to you in your new career.

2. The phrase ‘it takes money to make money’ absolutely applies in gambling. Although you could start lower, current professional gamblers recommend a starting bankroll of around $100,000. This amount allows you to cover losses during the times that you lose – and make no mistake, there will be times that you lose, no matter how much you study.

3. There are two types of gambling games – those that are pure games of chance and those that involve both chance and skill. You have the best chances of winning at the games involving skill, since you can gain some advantage when you can improve those skills. The top games that meet these criteria are blackjack and poker.

4. Whether in person or online, playing single deck blackjack gives you as much as a 95% chance of winning 20% of your money in earnings. When you hit that mark, it’s time to stop and walk (or surf) away. When you first start playing, you may be risking small amounts of money so that 20% doesn’t seem significant. For example, 20% of $100 is just $20. So you might be tempted to keep playing. But what you’re learning here is self-discipline, the lack of which will destroy any gambler. When you start playing professionally, 20% might mean $200 or $500 a day. But until then, practice discipline.

5. When it comes to professional gambling, practice truly does make a difference. According to bestselling author Malcolm Gladwell, the magic number for success in any profession or vocation seems to be 10,000. It takes about 10,000 hours of practice to break into the arena of a truly successful professional in any field. Put in the time and you can reap the rewards.

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Professional Gambling – Where to Get Betting Tips

Betting on sports can be frowned upon by many people. When one declares they are a professional gambler, eyebrows are raised and knowing smiles belie the fact that people think it’s a foolish pastime. Certainly, most people who gamble lose money – the novice gambler who throws down a loose bet on a hunch may win one or two bets, but in the end they are hit with a hefty failure, and give up.

Alternatively, they gamble away their life savings, digging themselves a deeper and deeper hole of debt. There is some truth in these stereotypes; gambling addiction is the reason behind many modern personal bankruptcies. However, there are also the significant minority of gamblers who make a living from their talent. They may not even see themselves as gamblers at all, but strategic risk takers. At the end of the day, there is little difference between a city stockbroker, betting his or his client’s money on whether the stock will rise or fall, and the professional gambler who makes small bets where the odds are in his favor.

The professional gambler scoffs at the novice, even when he makes a big bet that pays off. The risk was too high, and he will get his comeuppance soon enough. The professional gambler is in the business to reduce risk as much as possible, and make a solid living from informed bets. In this endeavor, he must using betting tips and the services of betting tipsters, who are also other bettors who know their craft to a fine art. In the trading world it is known as ‘fundamentals’.

The more information that one has, the more informed a decision one can make. This boils down to what the market (in this case, other bettors) believe the outcome of a sports bet will be. One can get opinions from anywhere – newspapers, magazines, bookies, friends, associates, and increasingly – online.

There are sites where one can pay a membership to get access to the best tips and knowledge out there. Other statisticians, professional gamblers and bet traders will have done the sums for you, and you can drastically reduce your risk by making an informed decision. These betting tips sites are also full of pertinent information on when to make a bet, and with which bookmaker. With the advent of the internet, sports betting has been completely transformed. Those who simply read the Racing Post or make gut decisions are being left at the starting post.

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Professional Gambling – How to Become a Professional Blackjack Player

Unfortunately, playing blackjack as a profession is not as easy as it sounds, but it is possible. Gambling is unique in that there will be days when you do everything right and work very hard, but yet you come home with less money than when you left for work. So think long and hard before you decide this is the right profession for you.

Here is a list of 10 things you need to do to become a professional Blackjack player:

1. Get your hands on every piece of information available on Blackjack. Get books, go to websites, message forums, etc. Read, Read, Read, and Read some more. Have a firm understanding of how the game is played, basic blackjack strategy, and card counting.

2. Raise a Gambling Bankroll. One of the key indicators of a gambler’s rate of success is their bankroll. The more money, usually the greater chance of success.

3. Memorize basic strategy. You must have basic strategy memorized perfectly. You cannot make a basic strategy mistake while playing.

4. Use computer simulations and tutorials. Use these simulations to perfect basic strategy and make sure you are not making any mistakes. You will use these simulations later when you are learning to count cards as well.

4. Once you have memorized basic strategy decide which card counting system you are going to implement. I recommend starting with a basic high-low level one count. You are going to perfect the system until you can play at game speed error free. Use computer software and simulations to help you once again.

5. Scout for the best casinos. There are certain casinos that offer the most advantageous blackjack rules. Go to the message forums, online sites, etc. to find the casinos that have the best rules for blackjack. Also, you will be looking for dealers that have a high deck penetration rate. Once you’ve narrowed them down, visit them in person to make sure your research is correct.

6. Chart and document all of your play. Even when using simulations track your progress.

7. Make adjustments as necessary. You will make mistakes, but the key is to recognize those mistakes and correct them.

8. Manage your bankroll. Based on your success or lack there of, you will have to closely monitor your bankroll and make betting level adjustments as needed.

9. Find a mentor or advice from other professional gamblers. Gambling is a unique profession in a lot of ways, so no one can know what you are going through better than another professional gambler.

10. Keep learning. Things in the world of gambling are constantly changing. It’s not a profession where you learn a few things and you’re done. Situations change and if you do not stay on top of those changing situations you will be left behind.

These 10 guidelines will give you a general outline of what it takes to become a professional blackjack gambler. I almost forgot #11. Get a good psychologist. Losing streaks can be brutal.

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The Reasons For Online Casino Gambling

Online casino gambling is something that you can have a lot of reasons to try. Even if you have never gambled before, online gambling is the wave of the future. You will be able to learn all that you need to gamble online. You will find that there are a lot of different things that you will be able learn and experience when you are online.

People will often go online and gamble because it is very relaxing. Put some money aside that you can spend on whatever you want and use it to gamble. You will find that this is a relaxing hobby that can really pay off sometimes. It is important of course for you to only use the money that you can afford to play with. After all, it is not very relaxing to be broke.

If you happen to frequent casinos but not as often as you would like, then online gambling can be something that you can really benefit from. When you are not at the casino, keep your skills sharpened by playing online. You will find that you can learn a lot of things in between casino visits whenever you are still able to play on a regular basis. Playing at a casino can be very stressful and difficult if you are not used to the game. Make the game come to you naturally while you are in an environment that you are not familiar with.

The pay is of course something that keeps people coming back. While it is not a guarantee that gambling will pay you well, it is something that gives you the opportunity to win big. Whether you wish to earn a few bucks or try to do it professionally, gambling online can help you to get ahead of the game financially.

Of course it should always be remembered that gambling is not a guarantee to anything but a good time. You should not make any bets that you cannot back up. Gambling is meant as a fun hobby and something that you should do only if you can afford to.

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