Online Gambling as a Living

February 6, 2013

So you want to try your hand at professional online gambling do you? Well good for you, you may well be one of the small percentage of people who have what it takes to make a full-time living online gambling. Just in case you are not, here are a few tips to get you started!

Don’t quite your day job (yet) – To make money online gambling you need to have money to wager, and your bankroll will need to be pretty large. That few hundred dollars you have sitting in your online casino account isn’t going to cut it, you are going to need several thousand to sustain a big enough bankroll to see you through the tough times. So stick at the day job and save your bankroll.

Rake it in! – Find a good rakeback site that offers a regular and sustainable parentage back on the amount of cash you wager. Rakeback has become one of the main income streams for people that play online casino sites professional in recent years.

Find the reward scheme – A reward scheme, or V.I.P. scheme is another big earner for online gambling professionals. The more you play, the more reward scheme points you earn, and these reward scheme points can be cashed in, or even cashed out, at some stage in the future.

Check the house edge – No matter what type of online casino game you enjoy playing, you are going to need to find something where the house edge gives you a chance to earn. For example (purely hypothetically), if the house edge is 1%, and your rakeback and reward scheme income adds up to 2% gross profit, you are in a potential 1% net profit position.

Find the best casino bonuses – Casino bonuses are free credit, free money to add to your bankroll. However, remember that whilst using up the free casino credits given by bonus schemes, you won’t be earning any rakeback, so you need to take this into account when calculating your net profit.

Overall, it is still possible to play at an online casino and make a full-time income online gambling. However, it is not as easy as it once was, and it will take a lot of time and effort to even begin to break even. For most people, it is better to continue working in a regular job, and just see online gambling as a fun hobby.

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