Obviously, gamblers do “gamble” in the first place and that’s how they start their career. So, they will always gamble even though it may represent a smaller part of their total revenue over time.
The need to do something you enjoy for a profit is common. It’s a dream job for many working-class people. If you have a penchant for gambling, you might have wondered: could you make money off of it?
There’s only one answer to that question. It’s a YES. Professional gamblers are often mistaken to be individuals who make a living from betting on a part-time or full-time basis. True professionals not only end up making a profit from wagers but have enough to cover their living expenses.
Living, utilities, auto payments, taxes, housing, clothes, and everything else considered appropriate are included. A semi-pro is someone who earns sufficient money to augment their salary but does not generate a full profit.
Ways to Make Money as Professional Gambler
A professional gambler involves someone whose primary source of income comes from winning bets and other casino games. Many successful professional gamblers made several millions just by gambling, some like Negreanu were just better than everybody else, whilst others like Edward O.
Thorp found ways to gain the edge against casino operators. These individuals invest most of their time in casinos to win bets and to compete worldwide.
Gambling is not the only thing that professional gamblers do. They also get their stream of profit in various ways. Here are the following options and means they optimize their earnings:
1. Gambling
Any people you talk to will tell you that this full-time occupation is not a realistic goal. However, a significant number of individuals have made a lucrative livelihood from participating in it.
It is not straightforward. But, some players are determined to strengthen their skills sufficiently to help them become professional gamblers.
Poker provides numerous opportunities, including cash games and competitions. It is all around the clock in online casinos and poker rooms. They have the choice of specializing in large multi-player competitions, small competitions, or cash tournaments.
Professional gamblers also employ strategy. Thus, their likelihood of succeeding in this path is probable.
2. Brand Deals
Brands compensate social media influencers with a massive fanbase for paid sponsorship deals. Additionally, these businesses use a third party to advertise and create interest in the network.
You will make money by growing your audience, collaborating with companies, and sending paid content to your leads.
In the past, partnering for brand deals was considered a financial reward for famous gamblers. However, this is no longer the case because of the digital trend and social media platforms used for marketing. Professional gamblers can now have an online identity and also maintain a dedicated audience.
Pro gamblers are important to casinos and enterprises, especially when they have a huge fan base. Their connection with the public can land them an advertisement campaign or a paid endorsement. After all, having confidence and a reputable name will contribute to sales and transactions.
Popular gamblers, especially in poker and eSports, get massive amounts of money through brand deals (sponsoring). They may be sponsored by online poker and casino sites, protein brands, energy drinks, clothing, etc.
3. Live Streaming
Online streamers are casino players who operate live-stream activities on YouTube or Twitch while betting online. Operators gradually understand the effect of streaming in raising brand visibility and driving players to the registration form. They target the interest of gambling enthusiasts.
These streamers share their gaming experiences and knowledge online. Above all, they guide their audience through the latest slot games that are accessible on the website. They demonstrate how to win the game, unlock functionality and include helpful hints.
Assuming the audiences enjoy the user interface provided by Mr. Bit Casino. They will visit the operator’s platform, register, spend, and begin playing, whereas the streamer will be “rewarded” for the referrals. Streamers operate as associates and raise money by affiliate connections.
4. Courses
One area that has had tremendous development is the sale of online courses for profit. The market for genuine and legitimate classes is incredibly strong and will continue to rise.
Professional gamblers share their tips and tricks with their targeted audiences. Some publish courses that they can sell online, but many courses are scams so buyers must be aware.
The desire for knowledge and training has provided a good possibility for pro gamblers to be compensated for their expertise.
Some individuals have accomplished this by starting a blog or writing a book. Another way to sell something you know is uploading an educational course about gambling online.
5. Mentoring
Whenever you’re struggling to perform something you have not done before, having a coach can be a huge help. They will send you real-world insights based on their own experiences, and assist you in realizing your goals and aspirations.
A mentor or coach is someone that can assist you in your gambling career and get paid to mentor some specific players. The greatest gambling instructor is someone who knows and employs advantages. They do not need to make income from playing, but they must win once they do compete.
Suppose a casino enthusiast is looking for a tutor, the partnership is evident. Pro-gamblers share their knowledge and expertise, and learners pay them for it. It can be arranged as a one-time encounter or as a continuing friendship.
6. Staking Other Players
Staking is a mutual arrangement between experienced gamblers (the horse) and investors (the backer). Investors purchase shares throughout the gambler’s operation. The player collects the funds to be used for joining competitions, playing cash games, or placing bets.
If the gambler is successful, investors receive a share of the prize money proportionate to their stake in the activity. Best gamblers are paid in the same way as hedge fund managers are. They earn a significant percentage of the gains while assuming relatively little risk.
Many events, especially in poker and eSports, require five-figure entry tickets for interested individuals just to participate. Pro-gamblers may pay out of their own pocket for part of that ticket and get a share of the player’s profits.
7. Private Games
A “private game” of poker occurs outside of gambling rooms or physical casinos. The private game has money-changing hands, which is illegal in certain parts of the world. Exclusive matches mix your preference of playing, location, and atmosphere in a unique style, either for profit or enjoyment.
These tournaments are just like some celebrities arranging meet-and-greets. Some gamblers accept private games with anybody who can pay the high price, and they are most likely to win the game.
Conclusion
Some pro-gamblers, like Saahil Sud and Bob Voulgaris, have become wealthy due to their talent. Of course, you could be content with a salary of five figures if you get to reap the perks above.
But, there are certain drawbacks to be mindful of. These barriers include risk, extreme highs and lows, no paid holidays, and the possibility of losing big.
Being a professional gambler has advantages, such as flexible time, no boss, and the potential to maximize your salary.