The idea of becoming a professional gambler is a dream for many people who like to have a flutter regularly.
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Fast cars, perfect poker hands, and vodka martinis – shaken not stirred – aren’t always guaranteed.
To help you understand all the steps we’ve put together this detailed guide. As you’ll see, there’s a lot more to being a professional gambler than Hollywood suggests…
As you would work at a regular “proper” job, you must do the same with betting.
Most of your time as a budding professional gambler should be spent on developing the following three practices:
If it’s sports, there is always another soccer match or horse race to watch. For poker players there are always opponents to study and odds to calculate.
Studying is so important because it is only with knowledge that you can make the best decisions possible and maximize your chances of winning.
If you don’t have a full understanding of the odds behind every bet then you can’t make the best decisions. Poor decisions will ultimately lead to you failing as a professional gambler.
Knowledge is only useful when paired with commitment.
For example, twin brothers Gavin and Alex Walker watch four or five matches a day when betting on soccer. This dedication to their craft saw them make £440,000 in an 18-month period.
If you want to have similar success you have to treat gambling as your full-time job. Turn up every day and put the work in.
As a professional, your betting decisions must be based on cold, hard logic.
Closely tied to logical decision making is avoiding superstition.
Lucky charms and rituals may be comforting to you, but even professional gamblers don’t win all the time.
The difference between a pro and the average bettor is that they get things right more often than they get them wrong. Being overly superstitious might prevent you from doing this.
Leaving your luck charms at home and not betting on your favorite sports team is one thing but when it comes to casino games, letting go of your emotions is even more important.
Leave your emotions at the door and focus on the job at hand.
To succeed in the casino, you need to be able to count cards and bluff well, but those attributes won’t help you if you like betting on sports.
This has led to the rise of the matched bettor, gamblers who make their money through so-called “free bets”. The beauty with such bonuses is that you don’t risk any actual capital.
Best Gambling WebsitesWhile stakes aren’t returned from any wagers placed with free bets, anything made off them is pure profit.
Long before soccer was the most popular betting sport, professional gamblers were seen on racecourses all around the world.
Horse betting is known for being incredibly statistical.
Of course, an understanding of how handicapping works is also important. This is because most horse races run are handicaps.
Thanks to both exchange betting and the widespread use of statistical models by today’s gambling syndicates, the average bettor can now see which horses are being backed and which are being bet on to lose.
This presents alternative ways for professional gamblers to make money: Follow the syndicates or take on favorites – who typically lose around two-thirds of the time.
As you can bet for or against sporting outcomes, it is often likened to financial traders playing the stock markets.
As you can bet for or against sporting outcomes, it is often likened to financial traders playing the stock markets.
You can buy into the sports bets you like by backing them and sell the ones you don’t by laying them not to happen.
What exchanges allow you to do is supplement any bets you have made through fixed odds sportsbooks. That means you can cover all your bases. This is a wise move.
Clever professional gamblers are always trying to create scenarios where they cannot lose.
Developing this sense of timing is the key to sports betting success.
That brings us on to arbitrage betting, or “arbing” for short.
Hunting down those margins allows you to back and lay the same outcome on a sporting event, guaranteeing you a profit regardless of the final result.
As you are gambling across different websites and betting services, you need to keep very good records of your wagers. This prevents confusion.
As each hand is dealt and played, you need to know which cards are on the table and which have yet to appear.
You’ll also need to keep track of all the cards that have been previously played as well as calculating future probabilities.