How to Make Money Gambling: 6 Great Tips
Go for broke! 31.5 million Americans in 30 states participated in gambling on the Super Bowl. Millions of other people visit casinos throughout the year to try their luck and earn money.
If you want to earn money and get exhilarated at the same time, you should figure out how to make money gambling. Do not go to a casino just yet. Familiarize yourself with gambling tips first and get smart on gambling.
What games should you play at casinos? How should you bet on sports? How can you save money at casinos and manage your earnings?
Answer these questions and you can make thousands without breaking a sweat. Here are six essential money-making tips.
1. Prioritize Skill-Based Games
Skill-based games let you make a lot of money, and you can stay in control. Poker is an easy game to start playing, and you can develop your skills just by playing the game. You can also find plenty of free resources online to learn about betting strategies, odds, and other factors.
You may be able to play some trick-taking games like bridge and whist as well. Roulette, craps, and blackjack do have skill components, but they have significant house edges. You can play them every now and again, but focus your attention on poker and trick-taking games where you have the edge.
2. Avoid Slot Machines
Slot machines give the players no edge whatsoever. The results are based on random chance, and there is nothing you can do to improve your odds.
If you want to use a machine, you can try video poker. Video poker machines have higher Return-to-Player rates than slot machines, and some people have made thousands off of them. Play at full-pay machines, as they pay out more money than low-pay ones.
Make sure you understand the rules for video poker before you play it. Most machines require you to make a very good hand in order to make money. Practice discarding cards and making hands with low wagers and move up in stakes as you get better.
3. Learn Card Counting
If you decide to play blackjack, you should learn how to count cards. Counting cards is legal, as long as you keep quiet about what you are doing.
Card counting involves assigning a point score to each card, which lets you estimate the value of the card. You track the sum of each card played with a running count, and you adjust your bets and hands based on that count. Bet big when the count favors you.
Some casinos try to prevent card counting by using multiple decks. If your dealer is using multiple decks, you should calculate a true count. This is your running count divided by the decks that are left in the dealer’s shoe.
4. Make Intelligent Sports Bets
Betting on sports is another way you can start making money gambling. But you should be diligent whenever you are engaged in sports betting.
Spend time doing research on a game, team, or player you want to make bets on. Visit websites like https://www.bookmakersreview.com/best-sportsbooks/ and look at sportsbooks so you know what the odds for games are.
If you’re new to sports betting, you should make a bet based on the outcome of the game. As you gather experience, your wagers can get more complicated. You can bet on the points spread, which focuses on how many points the winning team will win by.
Avoid parlays, which involve making several wagers at once. You must win all of your wagers in order to make money, and you can’t change your bets as the game goes on.
5. Avoid Casino Perks
Casinos do whatever they can to keep you inside and take your money. They may offer services like valet parking, discounted food and drinks, and special perks like a special seat or massages.
Bring only as much money to a casino as you want to gamble with. Do not withdraw more money, and refuse any offers for services, as they may come with hidden fees. If you need to eat, sneak a sandwich inside the casino and step away from the table to eat.
If you become a casino regular, the casino may give you perks and comps free of charge. You can use these perks, but make sure they don’t require you to spend additional money.
6. Manage Your Bankroll
Bankroll management is the key to making money gambling. You must never gamble with more money than you can afford to lose. If you don’t earn a lot of money at your day job, you shouldn’t gamble at all.
Take a look at your savings and see how much money you can spend. Then cap your bankroll at that amount. If you run out of money, stop gambling, and transfer any winnings over to your bank account as soon as possible.
Never gamble with more than 5% of your bankroll, regardless of what game you are playing. If you are a poker player, you should move down in stakes when you are losing. If you are a sports gambler, you should bet less than 3% of your bankroll on any one wager.
Figure Out How to Make Money Gambling
Learning how to make money gambling means mastering a few things. Prioritize skill-based games like live poker, video poker, and trick-taking games. Do not play slots or dice games, which are based on random chance.
Study the ins and outs of your game and concepts like card counting. Research your opportunities for sports betting and pay attention to how much money you are spending. Keep your costs down by avoiding expensive perks and keeping your bets small.
To beat the casinos, you have to be smart. Develop an edge by reading our informative gambling guides and following our coverage.