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How to Become a Successful Professional Gambler

Updated on November 14, 2014

1. Have a Passion for Gambling

A lot of professional gamblers were simply drawn to gambling. They did not enjoy formal education and a 9 to 5 routine. Gambling professionally requires a significant time investment and commitment. Often, players don't have time for a family. However, if you reach some degree of success then you won't have to gamble as much leaving time for family and fun. But it is the passion for gambling that will ultimately make you patient and wait for the rewards.

You'll want to learn as much as you can about the game or bets that you're looking to make. Good gamblers love what they do for a living.

2. Be good at gambling

This is very important. Professional gamblers make their money by simply being better than other players. Luck does not last for long. Skill always wins out and the longer a game goes on, it is this skill that will save a professional gambler. There are prodigies in this 'sport' with successful poker players like Daniel Negreanu being one, but it takes years of dedicated effort to rank among the best.

In the case of Negreanu, he has won more than $19 million from live tournament pots. This is what awaits you if you become extremely good at gambling. It is definitely a skill since Negreanu is renowned for his bluffing. So good is his bluff that even a lie detector on a TV science show could not spot him when he was put to the test.

Gambling does not require a formal education so anyone with some free time on their hands can look to learn. Aspiring players should not bet more than 15 percent of their monthly disposable income when starting out.

The 2002 World Series of Poker in progress.
The 2002 World Series of Poker in progress. | Source

3. Look for backers and investors

There are plenty of investors and backers for gambling events. The World Series of Poker is famously funded with money from past and current players, poker investors and family members. A couple of years ago, Daniel Negreanu invested approximately $2 million in 10 players at this tournament. A lot of the successful gamblers stake money that is not all their own. To be a successful gambler, one needs to become comfortable with this. It is not a painless thing to play with other people's money. However, it becomes easier when you have the skills.

4. Put the competition away

When playing cards or any other game, it is always best to try to end the game as soon as you are ahead. This is not the time for resting on your laurels. Remember you still haven't earned your laurels as that only happens after you officially win the game. Never lose sight of the bottom line and always keep a cool head. If you let winning big get to your head, then your wins will become smaller until you end up losing big. If you end up losing after an hour of play, then count your losses and walk away. There is always tomorrow.

 The main fountain at Caesars Palace in Las Vegas, Nevada, United States.
The main fountain at Caesars Palace in Las Vegas, Nevada, United States. | Source

5. Stick to bets you can control

Horse racing, professional sports and college games are enticing. But the problem is that you control nothing when betting on sports. Now there are professional gamblers like Bill Krackomberger who have made an excellent living out of professional sports bets, but its best to avoid it. It must be noted that when playing a game, 50 percent of the variables can be controlled. These are good odds in gambling. The card games are the best way to make money with baccarat and blackjack being some of the popular ones in addition to poker.

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