The Gambling industry is estimated to be worth over 400 billion dollars. It shows therefore that there are 400 billion dollars up for grabs, placed by punters and gamblers around the world. However, the one question many people normally ask themselves is whether making a living by gambling is possible. The answer to this question is yes, but it’s neither easy nor stress-free. Let’s take a look at how you can take a bite from the huge gambling pie and earn a living from it.
Before You Get Started
Before you quit that 8 to 5 job to become a professional poker, slots or sports gambler, you need to ask yourself, Where am I right now? To help you answer the question, you can pick any of the following options. I’m a newbie and know nothing about gambling, I have some gambling experience, I bet on a part-time basis or I take my gambling seriously but am unable to make consistent profits. Making a living by gambling requires you first to know where you currently stand.
If you’re a casino newbie or don’t have much experience in gambling, start with learning the basics. You can’t walk before you crawl. You might be dreaming of gambling for a living, but you need to accept that you have a long journey ahead before you fulfill that dream. Another thing that should be at the back of your mind is money management. As such, set aside some funds that are specifically meant for gambling activities. You don’t want to be bankrupt just after quitting your job which guaranteed you a salary at the end of the month. Remember also to choose a reputable online casino and one that gives you awesome welcome bonuses and bonus offers. Before you get a foothold of gambling, these will help you to make money without spending a dime.
Gambling For A Living – Pros And Cons
Gambling for a living is not like your 8-5pm office job. You choose the number of hours you’ll work without having a boss that is constantly on your neck. What’s more, you can work from any location provided you have an internet connection and a laptop or a smartphone in the case of mobile casinos. The other advantage which is the primary interest of making a living by gambling is that the earning potential is huge. Today, there are quite a lot of wealthy individuals who have eked out a living through online gambling.
Before you submit that resignation letter to your boss. There are some disadvantages with gambling and more so for a living. First, no matter which online game you choose be it Poker, Table Games, Slots or Sports Betting, your income is never guaranteed. You don’t have a paycheck to look forward to at the end of the month. Hit a run of bad luck, and you might be unable to pay your bills. The second disadvantage with gambling for a living is that it can sometimes be a lonely life. As such, you might find yourself spending a considerable amount of time away from friends and family. Lastly, try to imagine the worst case scenario. What if your betting account is closed or suspended? Where do you go next? A lot of online casinos will limit or close your account once their suspect their up against someone who knows what he or she is doing.
Gambling For A Living – Conclusion
In 2017, CNN news reported that Stephen Paddock, the Las Vegas gunman responsible for killing least 58 people and injuring more than 500 at the Las Vegas Strip was a successful gambler. In fact, in 2015 alone, he made at least $5 million in 2015. However, New York Times also reported that he was a loner and was never vibrant to the social way of life. As such, these shows that gambling for a living has its advantages and disadvantages hence you should think critically before making it your profession.