Categories: Tips

Is Gambling Professionally A Realistic Career Choice?

Gambling has always a been fun activity to many and thanks to technology, it’s more accessible than ever. With more getting people gaining easy access to casinos, many are now playing real money games more than ever. Some would even get into gambling professionally and this is something we’re going to have a look at.

The internet made it possible for gamblers to gain access to casinos all over the world. Anyone could gain access to Casino and Sports betting app in India or anywhere else in the world. Using VPN has made this possible and this is why being strategical about placing bets on different bookies around the world is easy without having to spend so much from traveling.

This is why gambling professionally on the internet is more achievable. However, how realistic is it to choose online gambling as a career? Well, what we can say is that there are people who live off with gambling money. Some people have won serious amounts of money from betting that they don’t even have to work a day anymore. Still, it doesn’t necessarily mean that this is a career that can be available to anybody.

What to Consider Before Taking This Career Path

Taking on gambling professionally may require a lot from a person. If you want to take it seriously, you need to have the knowledge, resilience, and enough resources, which is mainly the amount on your bankroll.

We say knowledge because gambling professionally isn’t something that newbies on gambling should be doing. You need to know how games work or if you’re into sports betting, how odds work. Just knowing isn’t enough as you should be experienced in the type of casino game that you’d like to take seriously. This means that you should already have strategies when placing bets.

Resilience is important because gambling always includes risks and the more money is at stake, the harder it is to accept losses. And yes, don’t expect that you’d always win when you’re placing bets. You need to be able to afford the losses and this is why your bankroll should be big enough for it. Your bankroll is the lifeblood of the gambling business.

It’s also worth pointing out that gambling professionally isn’t exactly how you see it in movies like 21 or Two for the Money. Gambling films are fictitious and what you see is mostly exaggerated or just a product of imagination. Gambling as a career is just more about you, your money, and your decision-making.

Also, keep in mind that a professional gambler’s salary isn’t constant or carved in stone. It never will be. You have to treat gambling as a business and you are the business owner. Like many businesses, there will be good days and there will also be dull moments

What Makes You a Professional Gambler?

Many are probably wondering if they can already be called professional gamblers since they have been placing bets for a while now. Well, this depends. Being a professional on something doesn’t just rely on how long you’ve been doing it. As a professional gambler, at least sixty percent of your income should be coming from your gambling activities.

Aside from how much money gambling activities have been giving you, you should also have the characteristics of a pro like how you are objective when it comes to placing bets. A simple way of saying this is that you don’t get emotional when it comes to the bets that you place. You’re logical when it comes to this, which means you’ve studied the bets that you placed and you’re following a strategy.

Tips to Follow if You Are Decided on Pursuing This as A Career

And so maybe you’re decided on giving this a shot. You already know the risks and you are willing to take them. No one’s stopping you from pursuing a gambling career if you think you’re ready. Just be business-minded whenever you play a game or you place a bet.

When starting, it’s best that you only stick to one gambling activity. It could be a table game like poker or blackjack. It could also be sports betting. Whatever your choice is, focus on it and keep on studying it. Always try to develop strategies and don’t just rely on luck.

Keep a separate bank account for your gambling activities. Only use what’s in it and avoid using your bank account. Doing that means you’ve already exhausted your business funds and it most likely is the time to walk away from the gambling career path.

Be responsible and don’t get your emotions involved. Set a timeframe or a goal. Use it as a metric to know if gambling is working out for you. Lastly, if you feel like gambling has only caused you problems instead of gaining profits, learn to let go.

Sameer
Sameer is a writer, entrepreneur and investor. He is passionate about inspiring entrepreneurs and women in business, telling great startup stories, providing readers with actionable insights on startup fundraising, startup marketing and startup non-obviousnesses and generally ranting on things that he thinks should be ranting about all while hoping to impress upon them to bet on themselves (as entrepreneurs) and bet on others (as investors or potential board members or executives or managers) who are really betting on themselves but need the motivation of someone else’s endorsement to get there.

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