Can You Make a Career/Business as a Professional Gambler?
Now, I admit that gambling can be seen as a controversial topic for a careers blog, which is why I want to make it clear that I am approaching it in a responsible way. I am not encouraging you to, (and this article is not condoning anyone to), gamble in a problematic or addictive way. (If you find yourself in this situation you should consult an organization such as GamCare.org). Also, while gambling for leisure is a perfectly legal and respectable past-time I am also not talking about this kind of gambling, because people are not relying on these earnings for their income.
I am exploring the idea of whether you can make a career/business as a professional gambler. It may sound strange to outsiders but it’s very clear that you can make a profession in gambling. (Just for disclosure, I am not a professional gambler and do not know any). This is evidenced by the fact that there are several gambling businesses in the FTSE 100 in the UK, meaning that gambling business are one of the largest businesses in the UK. Gambling is clearly a viable business, but we should make it clear that gambling businesses don’t ‘bet’, but ‘lay’ other people’s bets and set the odds. They control many of the parameters around the gambling transactions to ensure the odds are stacked in their favour over the long term. They also have mechanisms to manage risk, and they control unacceptable losses that would bankrupt them. This is how they can turn gambling into a professional business. A good example of a how to make money from gambling from the other side of the fence is Casimpo Casino Online. As long as you have the appropriate knowledge of international gambling law and can lease an automated online gambling platform, you can do this too.
So, there is no doubting that you can make a career as a bookmaker, who ‘lays’ bets, as long as you know what you are doing and manage the odds so they are stacked in your favour over the long term and you run it like a going concern/business. You’d need to set yourself up as a bookmaker or casino owner, but I strongly recommend that you did a degree in business, finance and mathematics and worked 5 to 10 years as an apprentice in a bookmakers or casino so you fully understand the business. You may want to pair with an affiliate network, by looking into the programme d’affiliation PMU, for instance, as this can help with brand promotion and producing more traffic to your casino website.
But, can you also make a profession out of the other side of gambling, e.g. when you are betting? Now, there are many people out there who claim to have made successful careers as professional gamblers. If you search on google you will find references to many successful and renowned professional blackjack players, poker players and so on. We are seeing the arrival of new exciting games like aviator moçambique, a new multiplayer gambling game built around strategy, judgement and nerve with a constantly increasing coefficient and cash out opportunity. It is however, clearly not a mainstream business or career option that you would see advertised in the university job shop or local business start-up forum, but it seems that many people do make betting as a business work financially.
Attempting a professional gambling career does of course come with risks, in that you can lose more money than you invest, but this is the same risk that anyone who invests shares on the stock market or who owns a private pension is taking. But, those risks can be managed just like in the stock market by treating your gambling career just like a business investment, which means: researching the market, to find companies who allow you to ‘bet’ and ‘lay’ for maximum career/business options), developing a strategy, setting revenue and profitability targets, budgeting for losses and if your business becomes insolvent, closing it as you would any other business.
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