7 Tips on How to Make Money through Gambling

American Gambling Winner

Partaking in a little online casino gaming is a fun way to spend a few hours. Whether you’re taking some pulls of the slot machines, sitting in on a couple of hands of poker or blackjack, or watching the ball bound about on the spinning wheel at the roulette table, there’s plenty of entertainment to be had. And yes, sometimes there’s even money that is won.

Did you know that there are some people for whom this pursuit is a chosen career?

Professional gamblers don’t go to the casino for fun, they’re going to work. And some of them are very good at succeeding on this chosen path, which perhaps makes you wonder, how do you make money through gambling?

Well, first of all, glad you asked.

Now let’s take some time to talk about strategies, budgets and projections, because professional gambling is just like any other career pursuit. Without a sound business plan in place, it’s simply not going to end well.

Here are some strategies that the best professional gamblers employ to help them earn money at the online casino

Use these free tips to enhance your chances of winning at gambling. You can check out these apps if you prefer playing on your mobile device.

Practice, Practice, Practice

You’ve heard that old joke about the person in New York asking for directions on how to get to Carnegie Hall. The answer? Practice, practice, practice. 

Well, if you’re going to be a professional blackjack or poker player, or set out to seek out your fortune playing baccarat or craps, you’d better know what you’re doing prior to taking your shot. Many online casino sites like Caesars Palace and BetMGM will allow you to play their games in demo mode. By doing so, you can hone your skills and master the games prior to risking any of your hard-earned money. DraftKings offers gambling 101 sessions to help explain the rules and strategies of online casino games.

Once you feel confident in your playing ability, then it’s time to set foot into the realm of real money games.

There’s a term in gambling for people who are in over their head. Those folks are known as the fish. If you’re playing at the online casino, try and figure out which player in the game is the fish. If you can’t, then you might want to look in the mirror. And then you’ll want to go back and practice some more.

Set A Budget

All businesses operate under an established budget and as a professional gambler, so should you. 

Establish a bankroll. Know how much you’re going to bet before you start playing any casino game and win or lose, don’t exceed that number. People who win money through gambling don’t make foolhardy decisions with their money.

Play To Your Level

Again looking at gambling from a sporting analogy, the best players in the world didn’t start out on top. They weren’t playing in the world’s best leagues against the world’s top players. First, they had to hone their skills and build up to be able to succeed in that level.

In essence, the same holds true in the gambling realm. You aren’t going to grab a chair at the World Series of Poker if you’ve just learned the rules of how to play Texas Hold’em. No, you’ll want to hone your skills by competing against other neophyte players, gaining both expertise and confidence prior to sitting down to challenge the best in the business. 

Play What You Know

Dabbling is not a way to succeed in the gambling world. Pick a game, develop your skills at that game and stick with that approach. If it’s blackjack, then only play blackjack. The more you play, the better you’ll get. You’ll also develop a feel for tendencies and learn how to read other players. 

Enter Into Tournaments

Online casinos are frequently offering the chance to participate in slot tournaments and leaderboard competitions. These are offered at all levels of ability and budget and are a great opportunity to win a large sum of cash in a short period of time. Here is a few of the best slot sites you can try today.

Go For the Gusto

If you’re going to set out to win big money at the online casino, such as betMGM or Borgata, then get after it. If slots are your choice, play progressive jackpot games. And when you play them, bet the max. That’s the only way you’re going to hit the big score. 

Accept That You Will Lose

No player or team goes into a game thinking that they’re going to lose. Yet the reality is that even the best of the best are going to taste their share of defeat along the way.

That’s no different in the online casino game. You’re going to lose. In fact, you’re going to lose a lot. Studies show even the world’s best gamblers only win in a range of 53-57% of the time. But if you can succeed at that rate, you’ll be making money through gambling. 

Top Gambling Jackpots: United States’ Biggest Winners

  1. Kerry Packer$40 Million: Australian billionaire Kerry Packer famously won up to $40 million in a single night at the MGM Grand, Las Vegas.
  2. Archie Karas$40 Million: Archie Karas turned $50 into $40 million over a period of 30 months in Las Vegas, in an unprecedented gambling streak.
  3. Cynthia Jay-Brennan$34.9 Million: Cynthia Jay-Brennan hit a $34.9 million Megabucks jackpot at the Monte Carlo Casino in Las Vegas, shortly before a tragic accident.
  4. Johanna Heundl$22.6 Million: Johanna Heundl bagged a $22.6 million jackpot from a Megabucks slot machine at Bally’s casino in Las Vegas with just a $170 bet.

You are wondering in which states online gambling is legal. You can play real money casinos in New Jersey, Pennsylvania, Michigan, Delaware, Connecticut. Remember, that you have to pay taxes of your gambling winnings.