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?

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.

Roulette Systems, Strategy And Professional Gambling Explained

The most profitable game for online casinos is roulette, and conversely it is the most profitable for professional gamblers. That is it attracts many amateurs – it is easy to understand and play. However what sets amateurs aside from professionals (apart from the bankroll) is their use of strategies and a deeper understanding of how the game works.

In roulette, the odds against you are pretty standard for every bet on the board, at a somewhat nasty 5.26% house edge. This means the house will win 5.26% more of the bets on the table than they lose. A few places offer single zero European roulette. This lowers the edge on every bet and end up as 1/37, or 2.70%

For prospective professional online gamblers, this statistic is some what of a turn off. However, by firstly taking advantage of European tables, and using some lesser known tips of the professionals, the odds can be significantly reduced, and in some cases turned in your favour.

The only way to completely remove the house edge is to have a good understanding of how online casino software works. In order to avoid situations in which players might doubt the randomness of the roulette wheel, those developing the game made it certain that specific events were programmed to never occur. Using this knowledge and the knowledge of where to put it to use, it is possible to reverse the casinos odds and take advantage of the design of the game.

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.

Opt to Gamble Via the Internet Or Via Your Cellular Phone Or Even Offline

Long before the introduction of land based casinos in the major cities in the world, gambling had become a popular pastime for many people; and in the modern time it continues to be a major force that drives people to spend their money for the outright thrill of testing their luck and winning. Today, gambling is one flexible field with so many facets, with lots of thrills, with lots of fun to offer to its followers all over the globe. Now people can bet on any game of chance from sports betting or casino games. These activities are for everyone interested and curious to take part in; and you can enjoy them at so many venues all over the world, so it is not hard to find a venue in your locality or near. In fact, virtually everyone can now participate in such games because a lot of gambling promoters have brought themselves too open to everyone. When gambling was brought online, it just became a phenomenon, being completely accessible to anyone online. This revolution made it possible for this activity to be enjoyed anywhere, at different venues for complete fun.

The usual place where gambling is held is at land based casinos, and they are still popular even up to this modern time when online versions are rising to popularity. With the online gambling sites having more to offer than the conventional brick and mortar venues, the latter are simply bracing themselves to survive the competition. But online sites do not intend to compete with their well established land based elders. Instead, they simply serve as an alternative should people want to enjoy games of chance and yet can’t hope to go out of their houses. Nevertheless, therein lies the sheer advantage of online sites over the land based ones, as online gambling is completely suitable for people who are starting to be gaming enthusiasts and wish to hone their skills and techniques in playing. Online gambling venues allow people to subscribe for free at first, with no need to drop in their money. This is quite good for those who are not yet adept but are eager to learn the basics and ins and outs of their favorite casino games. Nonetheless, seasoned pros can just come to their chosen brick and mortar casino for real fun and real feel and real deal.

Amazing prizes and great rewards

Gambling is not the same as it used to be. In fact, you can see how much video poker, live roulette, TV slots, and blackjack have changed as they have gone onto the internet. Long-established casino games are coming out now with more variations and exciting additional benefits which, together with the pot money, make the online version even more profitable for newbies in gambling.

Seasoned players may want to check out what’s online and they would be happy to know that the online version offers rich rewards and big prizes.

But there is another option for gambling and this one is formatted to be played on mobile phones-great for people on the go. While online playing is most suitable for those who live hundreds of miles from the nearest casino house, mobile phone betting is apt for busy professionals.

What You Should Do When Gambling Online

Online casino gambling can be very thrilling. The fun never stops when gambling online. The rush you experience when you win something is matchless. The fun and thrill can be increased further if you follow certain unwritten tips while gambling online. These tips will help in making the online gambling experience an enjoyable one. It will minimize the possibility of you shedding tears of frustration and failure. Let us call these tips the do’s of online casino gambling.

1) Decide on the games you are going to play at an online casino before you start gambling online. Do not play games you are not familiar with. Stick to the games which are known to you. This way, you will not have to lose money unnecessarily while learning how to play games.

2) Decide on a gambling budget and a losing limit. Stop gambling once your budgeted amount is exhausted. A wise gambler will quit when he/she reaches his/her losing limit. This will minimize the loss. So be wise and quit once you have used up the budgeted amount.

3) Be aware of the local law. In some places, online gambling is illegal. So, before you start to gamble on the internet, it is better to check and make sure that online gambling is legal in the place you are residing.

4) Be knowledgeable about the online casino you choose. There are many rogue casinos on the internet. Check and make sure that the online casino you have chosen is genuine and legitimate. Consult your friends or check out the casino on online gambling forums.

5) Give the online casino a test drive. Most of the legitimate online casinos offer the option of playing for free. Avoid casinos that do not offer this option. Play the free games offered by the online casino. If you are satisfied, then you can decide whether to start placing bets.

6) Be aware of the payout rates. Before starting to gamble online, you must check out the payout rates offered by the online casino you have chosen. Compare the payout rates against those offered by other online casinos. Make sure that you are not getting shortchanged.

7) Check out the bonuses. Most online casinos offer bonuses to their players. These bonuses range from sign-up bonuses to frequent-player bonuses. A good online casino will reward its players with small bonuses from time to time. But beware of bonus offers that seem too good to be true. Such bonuses are sometimes used by rogue casinos in order to attract people and then defraud them.

8) Ensure your privacy. Make sure that the security software used by the online casino of your choice is up-to-date. Before signing up, make sure that your data will be safe.

9) Place bets only when you are sure that you can afford to lose them. Do not play with money you cannot afford to lose.

10) Most of all have fun. Enjoy yourself and do not get too worked up. Play for fun and have a good time.

Follow these tips and your online gambling experience would be a lot better. Gambling is to be only for fun and making money. The minute gambling causes you tensions and worries it is time to quit.

Advantages of Gambling Online

Only a few years ago, if you wanted to gamble you had to head to a gambling town like Las Vegas or Atlantic City. If these options weren’t available to you then you just had to use whatever ‘resources’ you could find locally – which tended to be somewhat illicit if you could find them! Nowadays gambling is an international pastime and casinos, card rooms, and bingo halls can be found in every county and country in the world.

Given that such widespread gambling is a relatively new phenomenon, many gamblers question the reasoning for internet gambling. Some feel that online gambling lacks the excitement, sociability and regulation of land-based casinos. While online gambling does have some limitations, it does have an awful lot to offer.

Many online games offer players higher average payout schedules and a wider range of betting limits. Players can also check to see which games are paying out the most, switch between many different types of sports – horse racing, slots, poker, bingo, and learn how to play new games (without money bets) in the privacy of their home, before unleashing themselves on unsuspecting fellow players for money!

Online players often get better odds than they would find in ‘real’ casinos. A prime example of this is in roulette – the American roulette wheel has 38 numbered slots: 1 to 36, a zero and a double-zero, which gives the house edge 5.26 percent. However internet sites also offer the European version of roulette, which has only 37 slots: 1 to 36 plus a zero, which gives a more favourable-to-the-punter house edge of 2.7 percent. It is a similar story with slots, in that online casinos offer higher average payouts than real casinos. You can also check out each site’s monthly payout percentages for each type of game, giving you an even greater advantage.

There are ‘play for free’ options on nearly every game online. These give beginners and more experienced players the opportunity to ready or better themselves without risking any money that can be better spent when you really know what you’re doing in the game.

All prizes from online casinos are money! Land-based casinos offer free meals etc, but online you are guaranteed money prizes which include sign up bonuses, match bonuses, high roller bonuses, player coupons and VIP clubs, and there is always something on offer for new and returning players.

While poker, casino games and sports betting on events like the Grand National are the most common form of gambling online, there are lots of other forms of betting – keno, horse racing, lotteries, chess, pool – you name it and you will be able to bet on it online.

Internet gambling is extremely convenient – you can gamble from home, during your lunch break, on a train journey…. anywhere that has internet access. Not only that, there is also a never ending stream of tournament action. Some gamblers don’t like the idea of online gambling as they fear that they will be alone with no access to assistance. However, all reputable sites have hosts which provide exceptional customer care, the most popular of which is live chat and /or emails. As well as the hosts for information, many sites have message boards or chat rooms, where you can make friends and receive invaluable advice and tips from other players.

Strategize Your Moves to Win Gambling Online Bonus

I’ve just finished reading way too many articles about how to win a gambling online bonus and other fool proof ways to win at casinos. I’ve had enough with roulette computers that beat roulette wheels. I feel a need to get in my two cents in. My two cents are pessimistic. That being said, I do know how you can tilt the odds in your favour. It’s just not that glamorous. It’s like cutting out coupons in the newspaper before you buy your groceries.

Quality online gambling casinos like new customers. It’s a bit of an obvious statement, but a good place to start nonetheless. Quality online gambling casinos are wrestling with the marketing problem. Faced with many similar casinos, how can one create a unique value proposition for customers? How can they make their casino the best? There are several possible means. Casinos can compete on:

- Payout ratio (one casino pays out 98% of the money it takes in)

- Quality of the software

- Give you a gambling online bonus when you sign up.

The main problem with the first marketing effort is that it reinforces the notion that you’re taking money from the players. This might not be the fact that you want to emphasize in your online casino marketing efforts.

The problem with the second is that the best and highest quality software and resulting quality online gambling experience can’t be experienced until after the customer downloads the software. This strategy doesn’t help get new customers. The first two strategies don’t help you get new customers; they just help keep the ones you already have. The last strategy is the online equivalent to the $5 lobster dinner at Vegas. It’s just a loss leader – plain and simple.

Combined with search engine optimization and affiliate programs, the third strategy seems to be the strategy of choice. The proposal works like this. Sign up, deposit $50 and we’ll give you $50. The only catch for this gambling online bonus that you need to gamble a bit before you take the gambling online bonus money out.

Many quality online gambling casinos offer a gambling online bonus of 10%, 20%, or 25%. It might be better to look for individual free money for every $25 you deposit. If the quality online gambling casino gives you a free $50 for every $50 you put in, this works out to a 100% bonus. One place offered $100 for a $25 deposit. This is a whopping 400% bonus! Not bad.

So is there a catch? Not really, as long as you don’t end up losing more than the bonus. A little self discipline.

So, how do you hustle the quality online gambling casino?

A Blackjack player that knows some basic strategy has a disadvantage of around .5%. This means that for every $100 that you wager, you should get $99.50 back. I think that this is actually pretty good. For one hours worth of entertainment, you should be down at most a buck or two. If you’re lucky, you might win a bit.

Quality online gambling casinos usually want you to make $50 worth of bets before you take the money out. Normally, you’ll end up with $40 to $60 to take out (assuming you deposited $25 and the casino kicked in $25 as well). It’s cool is you suck at Black don’t sweat it just play Baccarat or Craps. In Baccarat, bet player or banker. In Craps, bet pass or don’t pass. These strategies give you about a 1% disadvantage. Make all your bets the table minimum. Keeping you bets at the minimum diversifies the risk over more hands and increases the chance that you will end up with between $45 and $55 worth of cash. Now just have fun and make $50 worth of bets. In general, it’s a good rule of thumb to deposit more than the minimum amount for the gambling online bonus. This is just to avoid suspicion. After you’re done, take most of your money out. If you leave a bit in, the casino might give you the same sort of gambling online bonus and you can make more money this way.