What If You Are Not a Professional Player?

Expecting an income from gambling is not a promising idea unless you are a professional player. There are two types of gambling, one depends entirely on luck and the other only in part. Gambling type games, where only luck decides, are roulette or lotteries, for example. Here, only numbers, cold math matters, nothing else. (Although many blog posts may claim something different.)

The organizers of the games don’t want to be unprofitable and file for bankruptcy. Therefore, they design their system from the base so it can’t cause them losses. They always incorporate a profit factor, a profit ratio, like the margin of traders.

You Maintain The Gambling Operators

The margin gives, in the best-case scenario, a modest and fair return for them. In the bad case, however, they can make high extra profits from players’ money. In the lottery, this works by paying people only a portion of the capital from the total income of the lottery tickets price. In roulette, zero and double zero play this role. This makes it mathematically impossible for players to win against the organizers in the long run.

The other gambling is when skills like intelligence, tactics, and other attributes also play a role in winning. Here plays human against human. (Unless a robot is disguised as a human in the online space.) In the vast majority of cases, who will win? The one who plays better. Although luck also has a greater or lesser role.

Amateur versus professional player

Here the danger is that the other person will be better than you. Because it’s not your main occupation, you’re not a professional, you don’t have enough experience. So, you will play worse than a professional player. Unless you can often play with weaker ones than you.

You may be super-intelligent or a special talent. But this is very rare. An amateur needs a lot of practice, attention, work to become a professional. The amateur, even if he or she is smart anyway, will always be at a disadvantage compared to the pros. This way, you only can make a good living off gambling if you become a professional player.

How to Make Passive Income with Gambling?

“Even the ones that are good at it view much closer to a job than playing games” – wrote Gamblingsites.org about professional players. I know gambling can mean a lot of fun and relaxation for some people. This is also an important aspect. If you don’t lose too much and don’t get addicted, there’s no big problem with it. But, if you want to make money and don’t want to be a professional player with years of work, you may need to choose a better solution.

It can be more rewarding in the long run than amateur gambling if you buy stocks. You buy out of the money you save, then you forget these, for ten or twenty years. If the gaming industry is your favorite business, you can also be a casino owner. You can choose listed companies that make a profit from it. (See the readings.) That may be your passive gambling income in the long term.

Interesting Readings I Found:

• Professional gamblers exist, see here.
• 7 Reasons Not to Be an Advantage Casino Player
• This seems to be a genuine and detailed guide: how to win as a gambler.
• Old, but a comprehensive article about gambling stocks with many ticker codes: How to Invest in Casino Stocks
• But no gambling ETF on the market?
• About the Hazards of Gambling

Disclaimer

I’m not a certified financial advisor nor a certified financial analyst, accountant nor lawyer. The contents on my site and in my posts are for informational and entertainment purposes and reflecting my collection of data, ideas, opinions. Please, make your proper research or consult your advisors before making any investment or financial or legal decisions.

(Photos: Pixabay.com.)