Three Ways to Make Money Gambling

I’ve been around gambling for many years and have tried many ways to make money as a gambler. I’ve learned that it is possible, but not easy to make money taking risks, whether at a casino, race track, or in other investment markets. Though I could easily be writing about stocks and commodities, for the purposes of this article, let’s talk about how to make money at a casino or race track, my two favorite places to gamble.

Is it your dream to be able to gamble and make a profit, either a side income or to support yourself through your efforts? You’re not alone. Many people have that dream or fantasy. Some of them work very hard at it while others give it a half hearted effort. The workers believe that cause equals effect and you get what you earn. The others probably think that it depends mostly on luck, so why work at it? My experience has shown me there is a place for each of them in the world of gambling.

First of all, let’s look at the three ways you can make money from gambling.

1. You can work hard to learn how to gamble, whether it’s playing poker or handicapping horse races, or any other form of risk taking for profit. If you work hard enough you might develop enough skill, but trust me, it is very difficult and my experiences as a gambler taught me it can be a lot more work than a regular job with no guarantee of a paycheck at the end of the week.

2. You can depend upon luck. Luck certainly matters and I have known a few individuals in life who were lucky and didn’t work hard but still made a profit from gambling. In fact, they didn’t even bother to learn the games very well. If you are one of the few who qualify for this group, congratulations. For the rest of us, however, luck is fleeting and doesn’t pay the rent.

3. You can become involved in the industry. You can work at a race track or casino or you may even invest in one or outright own it. I have worked at race tracks and got a paycheck every week. The people who build race tracks and casinos are gamblers, too. Make no mistake about it. They risk their money and though the odds are in their favor, it is still possible to fail and once in a while they do.

Then how should you go about making money from gambling? My advice is to keep your daytime job and approach it slowly and cautiously. You could lose all your money. If you don’t mind hard work and believe in cause and effect, why not work in the business? The risk is minimized because the odds will be in your favor.

If you want to take a stab at it and believe that it’s all about luck, then maybe you are the right person to be a gambler, but remember, keep a few bucks put aside in case things don’t work out.