Armed with a keen interest on all things finance, including the various ways through which different people earn their money, it would come rather naturally to want to take a closer look at the rather precarious world of professional gambling. Yes, there are indeed some people who identify as professional gamblers, citing the poker rooms, casinos, online casinos, sports betting outlets and even lotteries as their full and only source of income.
More and more people who identify as professional gamblers seem to be emerging out of the woodwork however, something which perhaps further confounds what is seemingly an already hazy practice and claim. I mean most of the time you’d find someone who claims to be a professional gambler operating some sort of sales page through which they try to sell you their e-book detailing their “revolutionary” betting system or formula, in which case alarm bells should already start going off because if you just think about it, if you had a revolutionary betting system that allows you to rake in good, consistent winnings, would you not go about your business of making use of that system to continue raking in those winnings instead of trying to sell it to everyone?
You would and that’s essentially what separates the real professional gamblers from the opportunistic sellers. This definitely implies that there are indeed real professional gamblers who’ve made gambling their primary source of income, but you hardly ever hear about them openly — well certainly not from themselves in any case. So professional gambling is definitely a thing, but there’s a lot more to it than what meets the eye.
If you find yourself flicking through the channels and you go all the way to sports channels such as ESPN, over the weekends they sometimes feature what one could call an alternative view on exactly what sports is. Poker nights feature professional poker players, playing on live television for real money, but these types of professional gamblers demonstrate the high barriers to entry into the world of professional gambling.
Nobody becomes a professional gambler overnight. Rather, how it happens is it normally starts out as perhaps a little hobby in which the part-time gambler doesn’t even mind losing the money they bet with, whether it’s playing an international lotto, playing the slots, playing online casino games or betting on sports. What then happens is you start thinking a little deeper about each next bet you place. You start to think about what the odds of winning and losing are and you start working out combinations, permutations and the risk-reward ratio associated with the various gambling channels available to you.
Once it becomes clear that you can actually do this on a full time basis and work the odds more in your favour than against you, all of a sudden professional gambling seems like a very tangible career path to follow.
Professional gamblers tend to apply the fundamentals of business with their gambling exploits however, instituting ideologies such as “diversifying their risk,” like playing skill-based games (such as poker) in addition to pure luck games (like the lotto).