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How You Can Become a Professional Gambler

I get an annoying amount of email from people asking me how to gamble like I used to. The truth is that what I used to do isn't profitable anymore. It was a right time, right place sort of scenario. Although I'm not a professional gambler anymore, I have been spending time studying and improving at poker (I'm a break-even or slightly profitable player), and I have friends who are pros. There are surely several different paths you can take to make a living gambling; this is the one that I'm aware of and is feasible for someone of above average intelligence.

Despite offering a rough guide to making money gambling, I don't necessarily recommend that you do so. I gambled professionally for seven years. During that time I made a lot of money and enjoyed my life. One morning I woke up and all of my money was gone. The story behind that is complicated, but the gist is that "they caught on". The strongest emotion I felt was a sense of relief. Gambling is fun, but it's not "big". It doesn't contribute in a meaningful way or leave you with a body of work.

Most casino games have a house advantage ranging from 2-5%, assuming "perfect play". That means that if you play perfectly, you can expect to lose, on average, about 2-5% of the action you put through a machine. Perfect play for slot machines is simply to bet the maximum amount of coins (the jackpot is skewed heavily in favor of maximum coins). For blackjack you need to memorize what to do for every combination of player hands vs. dealer hands, specific to each set of rules (hit on soft 17, resplitting aces, etc).

Bittersweet: The life of a professional poker player

On Striving For Happiness

Three times a week I spend an hour driving to the casino to begin my work. On the outside the casino looks like a Disneyland for adults with statues of roman warriors on the outside. I walk in, greet the managers, employees and fellow players and place myself on the 2/5 poker list. For the following 10 hours I shuffle chips with one hand, browse the internet with the other and quietly observe others in order to exploit them. Despite my long-term success; playing poker each day presents me with new challenges. Every hour I face a $500 decision which I must be right more than 80% of the time to be a winning player. Sometimes I chat with other players. Sometimes I listen to music and act solemn. Sometimes I play the role of a douchy frat kid. More than 90% of the time I’m friendly with the other players and chat with every dealer. Everyone knows my name. Some players refuse to sit at my table in fear, despite that I’m really not that great.

Playing poker for a living sounds like the dream, right? When everything is going in my favor I simply can’t help but see poker as a dream. One month I won so much I dropped a grand on clothes and it barely affected my monthly earnings.

I have no boss, yet no employees. I have no schedule. If I piss my “customers” off it usually makes me more money. I can work whenever I want. Also the job is relatively recession proof: gambling increases during times of economic hardships. Sometimes I can watch movies while I play and still make great money. I can listen to music the whole time I play. Writing all of these benefits make me smile irresistibly. I’m literally smiling right now.

Nearly every other day someone asks: “Should I quit my job to play poker for a living?” on the world’s only poker forum.

Honestly, no you should not. Players are continuously becoming better. All poker players are becoming better. If I could go back 8 years ago with the knowledge I posses now, I would earn half a million a year easily. Poker is a dying business to dive into. More and more people start playing poker for a living with each passing day. You can continue to increase your skill level, but at a certain point your efforts are better spent elsewhere.

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