Becoming a professional gambler sounds way too easy. After all, who wouldn’t want to sit around all day making money in their pajamas playing computer games? While there are some people who operate this way as professional gamblers, it is considered to be one of the most stressful jobs in the world. It is estimated that only 0.01% of people actually make it in this profession.
Betting money just for fun or as a hobby can be relaxing ad entertaining. However, when your next meal depends on your next move, betting becomes a whole different ballgame. Many people who try their hand at professional gambling end up addicted to alcohol or drugs.
Casinos and other betting formats make sure the odds are stacked in their favor to begin with. Professional gamblers know that they will most definitely lose at least some of their money sooner or later. Sometimes these gambling places close down and gamblers never see their winnings. These concerns make it difficult for the professional gambler to make money long term.
People who want to become professional gamblers need to be able to make rational decisions and maintain full control over their emotions. If you lose sight of your bottom line, you are done for financially. A person who is considering this line of work needs to be able to look at situations analytically and objectively. Income from this type of source is not steady like a typical job. A professional gambler may spend an entire month without winning anything. Other months winnings may occur on a more consistent basis. This can be extremely frustrating and annoying for some people.
There are a few things to keep in mind when thinking about becoming a professional gambler. The first thing is to try it out for a few months while keeping current employment. This will help you discover whether or not you are good at gambling and can make an income from it that will suitable for present expenses. Put aside at least twelve months of living expenses outside of your gambling roll before attempting gambling professionally full time. Decide ahead of time what the size of your bank roll will be and make a commitment to walk away when you have spent the intended amount. Never bet money that you cannot afford to lose. A general rule of thumb would be to not bet more than 15% of your disposable net income. This will ensure that bills will remain paid and a roof over your head can still be maintained. Going over your bank roll is a sure-fire recipe for disaster.
Talk with other professional gamblers and ask them about their experiences. This will be extremely helpful in learning and pitfalls or obstacles that may be faced. It will be useful in developing strategies ahead of time to help you cope. Avoid becoming complacent and keep studying and developing betting skills even when on a winning streak. Look for other passive income sources that will help offset gambling losses. Find ways to invest your winnings to make your money work for you and not against you.