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So you really want to become a professional gambler just like me? Do you simply want to make a bit of extra beer money; pay for a nice holiday, have a little bonus cash in the bank, or go the full monty and turn into a full-time professional gambler, or do you just simply want to be a semi-pro, that is making money from gambling, while still retaining a job?

My own gambling life revolves around horse racing, but you will find that these tips work for any form of pro-gambling.

Whatever way you decide, here a five tips:

• Take a peek at the professional poker players, yes they get paid a lot of cash, have a nice house, but they have to spend the majority of their lives travelling to tournaments around the globe, make appearances, and subsequently your 50th 5,000 mile flight of the year is no longer fun. On top of that, tournaments can last 3-5 days, so you can be sitting at the table, playing only the odd hand, for 12+ hours a day, in a room full of smoking perspiring people, Annie Duke apart!
• In order to do this you have to be prepared to disregard most of what you know concerning betting, and begin the learning process all over again. If you are one of those gamblers that kid yourself that you are winning, or at least breaking even, you certainly need to disregard everything.
• However, we do not do it because we have to; we do it as we love it. If the time arrives when I wake up in the morning and say, I cannot be bothered with it today, I would pack it in, but I do not see that day any time soon.
• I personally put in about 10-14 hours a day, studying form, the markets, working out systems, doing research, placing bets, watching the racing itself, updating my web sites, etc. I rarely get any time to have a night out. This is the realism of professional gambling.
• The fantasy of winning big from gambling clouds the reality, and it is the reality I should initially make apparent, and get you to understand before you can even consider making money from betting.

+Quick tips for horse racing+

- Backing the outsider of 3 is a myth. Less than 20% in any given season actually win, and you can use this to your benefit by laying the outsider in every race of 3 runners.

- Winning handicappers running in Group company. Form appears solid doesn’t it, but be warned, it is a very large gap between handicap, and Group company. I’d say less than 5% actually make the jump to any amount of success, so if you can’t get 20/1+ for your horse, let it run without your money. The one’s that do win, are at such short prices, you will never recover your losses. If they are short prices, look at laying it.

Very few people mange to become professional gamblers, it is only those who put the work in that will make decent money out of it. If you are looking for further information please visit my horse racing forum.

Filed under: Recreation and Sports on September 21st, 2009