Becoming a pro gambler requires skill, discipline, and accepting the ups and downs of variance. Here’s what it takes to do it for a living.
Gambling professionally certainly sounds glamorous. No boss, no dress code, and the chance to win big. But beneath the surface lies a tough career path filled with risks only suited for a select few. If you think you have what it takes, here’s an inside look at life as a pro gambler at Hey Spin and how to get your foot in the high-stakes door.
Developing the Skills to Beat the House
Gambling professionally starts with having an edge – getting good enough to overcome the built-in house advantage. For casino games, this means mastering skills like:
Card Counting
Tracking the value of cards played in blackjack to bet more when the deck favors you. This can flip the house edge in your favor, but takes intense practice plus avoiding casino countermeasures.
Game Selection
Choosing games, tables, and venues with better odds and rules to minimize the house edge. Pros seek out the most profitable situations.
Bankroll Management
Precise betting schemes to maximize winnings during hot streaks and minimize losses during cold runs. This is vital for enduring variance.
Other games like sports betting rely on picking winners better than the public. This requires studying stats, injuries, matchups, and more to find profitable betting opportunities.
Building these skills takes years of practice, study, failure, and refinement. But they form the foundation for profitability.
Developing the Vital Mental Game
Equally as important is cultivating the right mental game. Gambling for a living means coping with major emotional and financial swings. Pros exhibit:
Discipline
Sticking to defined game plans and bankroll management strategies, not chasing losses or deviating from proven methods.
Detachment
Avoiding euphoria from wins or depression from losses. Emotional neutrality is key for clear decision-making.
Patience and Persistence
Enduring the ups and downs while waiting for the long-term edge to manifest. True pros think in terms of thousands of hands, not individual wins or losses.
Cultivating these mental habits helps you play optimally despite variance. Without them, even the most skilled pros eventually go bust.
Transitioning to Full-Time Pro Status
Once you’ve honed your skills, here are tips for taking your game to the next level:
Start as a Serious Hobbyist
Keep your day job at first. Devote nights and weekends to serious study and conservative play to polish skills without financial pressure.
Build a Pro Bankroll
Save up a big enough roll to withstand variance and play higher limits, usually 200-500 big bets depending on game volatility.
Track and Analyze Results
Meticulously record each session’s wins, losses, bets, game counts, and other metrics. Review periodically to identify leaks and optimize.
Join Pro Communities
Connect with advantage players online to exchange ideas, get mentoring, and stay on top of best practices. Lifelong learning is critical.
When your edge, bankroll, and metrics prove you can beat the games full-time, it may be time to take the plunge into pro status.
Downsides of Going Pro Most Don’t See
While visions of big wins and freedom from 9-to-5 jobs dance in aspiring pros’ heads, know that it’s not all glamour. Challenges include:
Extreme Income Variance
Unlike a salary, income fluctuates widely week-to-week and month-to-month based on unpredictable results. And losses can be sudden and huge.
Tax Headaches
As a self-employed professional, you must pay self-employment tax on top of income tax. Gambling tax rules are generally complex and differ depending on where you’re based.
Burnout
Maintaining intense focus for long sessions is mentally draining. Many pros fall into bad habits trying to cope.
Casino Heat and Bans
If casinos catch you card counting or employing other legal advantage play, you risk being removed from the game or banned from the casino.
While pros accept these challenges for the freedom and potential rewards, going pro means far more than just big wins. Know what you’re getting into.
Final Thoughts
Becoming a professional gambler is no easy feat, but can be lucrative for those who can master the skills and mental game required. Plus, those who can walk away when luck turns sour can save themselves from losing a significant amount of money.
It’s a rollercoaster ride most aren’t cut out for. But if you think you have what it takes and are ready to put in the work, brush up on game strategy, and build your bankroll, the cards and dice await.
Just remember – have a backup plan and know when to walk away. Chasing losses as a pro can be dangerous. Play responsibly, bankroll yourself properly, and don’t risk more than you can afford to lose.
David Prior
David Prior is the editor of Today News, responsible for the overall editorial strategy. He is an NCTJ-qualified journalist with over 20 years’ experience, and is also editor of the award-winning hyperlocal news title Altrincham Today. His LinkedIn profile is here.
