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Can Gambling Be a Career?

November 15, 2021
Earn a Living Gambling Yes or No?

Are you planning to resign from work and be a full-time bettor at an online bookie service? Many people aspire to be professional gamblers, but some of them aren’t certain whether betting can earn them a steady income. Here are five ways in which gambling can be a career.

  • Compete in Progressive Slot Machine Jackpots

Slot machine jackpots, including Megabucks, have a higher winning probability than the lottery. But, they have unusually long odds that are difficult to compare.

The jackpots are a perfect choice if you are yearning for life-changing wins and want better shots than those of Mega Millions and the Powerball. They have instant results, and you can play them any time. Besides, they have many small wins.

It isn’t compulsory to visit a brick-and-mortar casino to play slot machine jackpots as online casinos provide them. Some jackpots are worth millions of dollars.

  • Compete in the World Series of Poker

Hossein Ensan won $10 million in the 2019 World Series of Poker (WSOP) Main Event. The tournament had 8,569 entries, and each entry cost $10,000. So, if each player had an equal winning probability, then Hossein had 1 in 8,569 chances to win.

$10,000 isn’t pocket change, but it is a large investment. Poker requires skill to win, and players have different winning odds. For example, sharp players have a higher probability to win compared to average players.

Your odds can improve if you spend more time learning about poker. Top poker players face fierce competition as they often look at long odds. Moreover, you cannot control the cards that the dealer will deal with.

  • Play Video Poker

Bob Dancer’s book called Million Dollar Video Poker is suitable for beginners and experienced players. He published the book in 2003 and recounted it between September 2000 and March 2001.

The author won $1 million in Las Vegas while playing video poker. He started with a $6,000 budget, and Shirley, his wife, was his partner in adventure.

The book contains video poker tips that Bob uses to play. He runs a poker series, the Winners Guide, that you can watch if you want to create a robust gaming strategy.

It is a challenge to find video poker games whose odds favor you. Still, some games have a small house edge.

  • Be a Poker Coach

Millions of people, especially teenagers and youth, aspire to be world-class poker players. There are many videos and books that you can find online to learn new poker tricks. Still, some people understand the game better when a skilled poker coach teaches them.

You can start offering poker lessons if you enjoy playing it and you need a consistent income. Many poker coaches ask for $200 per hour. For example, you can make $8,000 a week if you are engaged for 40 hours every week.

  • Venture into the Casino Business

It costs an arm and leg to buy an existing and successful casino. Still, some establishments allow investors to be their co-owners.

For example, many casinos in the United States are public firms. You can buy their shares in the stock market and get a share of their profits.

It is prudent to take caution when investing in a casino. Consider factors like the company’s profitability, asking price, and growth rate.

The following casino firms are available on the stock market:

  • Empire Resorts
  • Eldorado Resorts
  • Golden Entertainment
  • Boyd Gaming
  • Caesars Acquisition Company
  • Caesars Entertainment Corporation
  • Full House Resorts
  • Las Vegas Sands Corporation
  • MGM Growth Properties
  • Melco Resorts and Entertainment

Gambling is a career for some people and a recreational activity for other bettors. You need to research a lot about various forms of gambling if you want to be a sharp bettor. Also, review your losses and profits regularly to evaluate your gambling strategy.

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