Online gambling is one of the fastest-growing industries in the world. The annual number of transactions that users make to top up their accounts is continually growing and in 2018 reached more than 90% of the total value. Thanks to such high interest from customers around the world, a logical question arises: is it possible to make a living with gambling?
Of course, making money through online casinos is a trendy thing. However, it is worthwhile to understand that this is only possible for true professionals. They have long years of practice behind them. This also applies to pro players who have been able to develop personal strategies and systems that allow them to receive a stable income.
However, even the top gamblers often face a complete loss of funds due to unpredictable circumstances. Do not forget that playing in a casino is a rather high risk.
Advantages and disadvantages of gambling as a source of income
Sometimes gambling is central to the player’s life, especially if luck favours him/her. Let’s be honest, many of us would like gambling to become a primary source of income. However, is this possible in real life?
Games in online casinos are not only fraught with the risk of losing money, but they often end up in addiction. As statistics show, only a few manage to truly earn substantial amounts of profit and forget about the five-day week.
- There is no need to report to the boss and work fixed hours. Obviously, when placing bets in online casinos, you are left to your own devices. You do not need to wear a formal suit or fully comply with the office dress code.
- You can do what you love. Suppose that a player is really well versed in poker or blackjack, then placing bets and making a profit really looks like something incredibly cool.
- High social status in certain groups. Being a pro player and earning vast amounts of profit, you can get a high level of respect among other professionals and thereby become famous throughout the world.
- Lack of social benefits. Profiting from gambling does not guarantee you a high pension, a calm old age. Such a source of income excludes the possibility of obtaining paid leave, medical and other benefits of official employment.
- It is not a permanent source of income. Regardless of the chosen game in the online casino, there will be no stability in earnings anyway. Even if you are fortunate enough, a few losses can completely empty your bankroll in no time.
- High pressure from family and relatives. Be prepared for the fact that not everyone around will approve of your way of earning. This is especially true for family members. The truth is that in this case, one of the most important arguments is valid, namely, that earning with the help of gambling is too risky.
- The need to have a substantial bankroll. For example, to succeed by betting in casinos that accept PayPal, you need to develop a clear strategy. Judging by the majority of professionals who succeeded in poker, they required a significant amount of money before they could get their hands on and gain invaluable experience in placing bets.
Why is it so challenging to make gambling the primary source of income?
The gambling industry has developed over a reasonably long period. During this time, the technology, as well as a variety of games, have gone far ahead. However, if you really want to grab a piece of the pie, then you have to compete with the incredibly powerful machine in the face of online casinos.
Perhaps everyone has already heard that the casino, and not the player, most often wins. It is not only a matter of the skill and knowledge of the user but also of human psychology. That is why getting a stable profit with the help of online casino betting is not an easy task that absolutely any player can do. Anyway, it can bring some decent income in case you use it like some kind of additional source of cash.
The only option when you can earn money through gambling and often win is to open your own casino. In this case, even the most successful players are unlikely to compete with you in the amount of profit that you will receive daily. However, it should be understood that opening an online casino is quite a costly affair. Nevertheless, this game is worth the candle.
My acquaintance earns great money on poker!
You can often hear similar words in a conversation between friends. However, is it worth it to take a word? Earning money through gambling, it is worthwhile to understand that even staff who work in gambling establishments and know all the details are not necessarily successful players.
One way or another, to make poker or blackjack the primary sources of income, this can require an incredible amount of time, money and patience. Though making gambling as an additional source of income is much more efficient today!