Professional Gamblers – Pro Gamblers’ Stories & Wins
Everyone admires the professional gamblers, but not many people know how much effort and consistency it takes to be one of the best. In this article, you can learn what is required to be a pro gambler, how much they make, and the hidden dangers of gambling.
You may be wondering if the players pay professional gamblers tax. Well, we have the answer to that, too. You will also learn what are the pros and cons of being a full-time player. This article will give you information about gamblers playing different casino games, races and sports bettors. We will start with more details of what is a pro gambler.
What is a Pro Gambler?
There is not exact formulated definition, but we can say that a pro gambler is a person, who is playing casino games or places bets as full-time employment. According to the laws of many countries, the full-time player activity is accepted as a self-employment job. As a whole, the pro gamblers spend all their time playing or finding ways to improve their game. Further on in this article, we will share some professional gamblers stories and give you more details.
Types of Gamblers You Will Meet
If you have in mind to become a full-time gambler, then there are a few things to know about this profession. The main difference between the players is their reason for gambling. For example, most people play for fun and entertainment, they are considered social or amateur players. You can see those players at slot machines, racetracks, or casinos’ low stake tables. Usually, social gamblers play with their friends or family on casual events or game nights.
The most valuable professional gamblers tips can be heard at the top gambling cities and betting locations. Here, you can meet the real full-time gamblers. Some of them are world-famous, and you will be able to recognize them right away. Other professional players are not that popular but spend a lot of time around the tables and frequently win. We will tell you more about them later in this article.
The last type are the compulsive gamblers. They are the players who can’t stop gambling no matter what damages it brings to their lives. It is not important what the game is as long as there is a dangling prize at the end. Those players are incapable of rationale thought and can’t stop themselves from making another bet. This type of gambler usually requires a lot of support and assistance in fighting the habit. We have extra information on gambling addiction at the end of the review.
What Gamblers Bet On
Professional gamblers bet on casino games, sports bets, slots, races, and more. Since different countries have different laws to determine each game’s legality, the pro gamblers always play at legal and licenced locations. For example, US gambling laws that apply in Nevada have the widest selection of games to play at in all of the USA.
Many players specialize in one or two games and make their profits out of them. The most popular types of full-time gamblers prefer blackjack, poker, slots, sports betting, or horse races. Here is the main difference between them:
- Card players stick to casino card games and tournaments. Their secret weapon that guarantees big winning prize is card counting. This is not considered cheating, but if you are caught, it can get you banned from the casino.
- The horse bettor knows which stables are doing well, which jockeys are experts, and have a good eye for high breeding horses and their abilities.
- Slots matched bettors play with “free bets” collected from welcome bonuses of online casinos. Once the wagering requirements are fulfilled, the profit goes to the players pocket.
- Sports and arbitrary bettors try to predict the sports outcomes. The arb bettors go a step beyond and use multiple platforms and sportsbooks simultaneously. This can bring them a larger prize, and they can win from bets against themselves. That is why the bookies don’t like it, so don’t get caught if you intend to do it.
Now that you know, that can you determine what kind of a gambler you are? Most casual players choose betting locations and websites where they can try different games and have the top possible gambling experience.
Pro Gambler’s Profit and Taxes
Almost all full-time players state that they are self-employed. Since they dedicate their time solely to the game and make a profit, they are obligated to pay taxes on their earnings. We have an article, where you can find out more about the top ranking of the richest gamblers in 2024 and how they pay the professional gamblers tax.
The differences between how much and how the winners are taxed depends on the casino policy and the country where the money is won. For example, in Canada, the casual players who enjoy gambling for fun are free of all taxes. The gambling laws in the UK, USA, and the rest of the word also have special rules towards the players.
Professional Gamblers & Games
The richest professional gamblers list grows and changes all the time. Every time someone hits the lotto jackpot or wins from scratch cards. This section of our article will tell you about some of the most popular games’ top pro gamblers play.
Top Professional Gamblers Today
Many professional gamblers stories with great prizes share top gaming strategies. For example, all players at the best online roulette casinos in the UK have tried at least once the James Bond roulette strategy alongside the Fibonacci and the Martingale strategies. Below, you can read about some of the top gamblers and their preferred games.
The stories of the richest professional gamblers spread worldwide like a wildfire. Almost every successful pro player writes a book to help beginners and advanced gamers to improve. Many of the stories even end up adapted for the big screen like the Netflix’s roulette movies and series you can watch even online.
Professional Poker & Online Poker Players
The poker players frequently share professional gamblers tips. You can read their books or check our picks of poker movies we recommended to poker fans. This is a wonderful way to enhance your knowledge, but the best way to learn is to observe the players in action. The perfect opportunity for that is the live tournaments.
Some of the world’s top poker players have won tournaments like the WSOP many times. Currently, the first place is held by Phil Hellmuth with 15 WSOP bracelets. Right after him is Phil Ivey with 10 World Series of Poker bracelets. Another legendary poker player won ‘just’ 3 bracelets but his tragically notorious life was eternalised in the movie ‘High Roller: the Stu Ungar Story’. Those players are famous around the world and pointed as the best professional poker players. Chris “Moneymaker” is the first online poker player who in 2003 won $2.5 million from the WSOP Main Event. His victory started the “poker boom” all around the world.
Blackjack Pro Players
Even though blackjack is not always in the centre of attention, many professional gamblers should be noted here. Some of the best in history are Bill Benter, Edward Thorp, Don Johnson, and more. All those players have registered millions in profit from blackjack games. Undoubtedly, the most popular story about this game is the MIT blackjack team. If this is the first time you hear about them, we recommend you check our article about the best blackjack movies of all times.
Sports Betting & Horse Races
The professional gamblers tax applies to all sorts of gambling, including races and sports wagering. One of the most profitable sports bettors who paid winners taxes is Billy Walters. He is an incredible player who consistently won sports bets for 30+ years.
When it comes to horse races, the most popular name is Phil Bull – a bettor, breeder, owner, writer and publisher, and owner of the renowned organization Timeform. Other top bettors are Alan Woods (deceased), William Benter (Bill Benter), and Zeljko Ranogajec. Their prizes came frequently and in large amounts.
Tips on How to Be Pro Gambler
The professional gamblers stories make full-time gambling look like an easy job. It is because the highest level professional players take part at tournaments and games in exotic locations. Do not be surprised if you pick for your next vacation one of the top 10 US casino resorts for romantics, and you find out that there is a gambling tournament.
Visiting luxurious hotels is a gambling plus, but there are also many minuses. We made a shortlist of the pros and cons. Consider them well if you intend to jump into the deep water of pro gaming at casinos.
| Pros | Cons |
|---|---|
| Gambling is fun | Risk of losing your bets |
| The satisfaction of beating the players and casinos | Possibility of addiction |
| Incredible prizes | Might be accused of cheating and banned from playing sites |
| Fame and international recognition | Players need skills and knowledge to succeed |
| Interesting profession | Risk of losing loans and borrowed money |
Now that you know the risks and the perks of pro-gambling, it is time to get the rest straight. Now we will tell you what else you need to be a profitable full-time gambler in 2024.
Looking at the Bigger Picture
It is easy to get lost in the game and lose grip of reality. One of the most important things the players do is remind themselves why they play. This helps you reassess the risk and the money flow that goes out of your pocket. Reminding yourself your goals to achieve via gambling can help you win.
For example, if you play for fun and you intend to make $/£10,000 cash to buy a better car, then don’t spend your savings in an attempt to get big money. If you see that things are not going well, it is not recommendable to draw your savings. Instead, get the $/£2000 cash you already won and try later. Reminding yourself the reason to play will help you in the long run and even improve your game.
Know Your Game
All gamblers and players will tell you how their fascination towards gambling started. Sometimes it is inherited, other times it is based on personal interest. In rare occasions, people pick a full-time player’s profession with a sober mind and intend to make it a career. The one thing that is equally strong for all of them is that they picked a game and learned the rules.
This pro tip may seem pointless to be mentioned, but it actually isn’t. A good gambler’s base is laid by learning the game of choice and its strategies. For example, if you are interested in roulette, then learn how to play European, French, American, Live Roulette Pro, and every other game. Then, learn the strategies, find the best roulette payouts, and observe the game until you feel ready to play. This applies strongly to any other gambling game. Indian players can also gain experience at the best roulette casino in India.
Professional Gamblers’ Skills, Emotions, and Psychology
The professional gamblers tips go beyond just knowing how to hold the cards and place bets. Many people are born players. They have an eye for details and manage to stay calm when large sums are at stake. Playing against those gamblers is difficult because they seem to know what your cards are. Sometimes, their skills are called cheating or even magic, but the truth is that they are very good observers and notice the slightest changes in other people’s behaviour.
I’ve made a life
Out of readin’ people’s faces
Knowin’ what the cards were
By the way, they held their eyes“The Gambler”, Kenny Rogers
Everyone else who is not gifted in this way by birth can learn the psychology of gambling. Regular play can help you improve your game and give you practical experience. This is the moment to say that the top professional gamblers always monitor their own behaviour to improve their bluffs or hide their tales. This strongly applies for games of cards where you are against the other players, and there is slight to no element of chance.
Know Your Limits
The last tip of the richest professional gamblers is to know when to stop. This limitation is not only regarding losses. The pro players will tell you that you should enter a game rested and eager to play. If you are tired, bored, or distracted in any way, then you will probably make more mistakes from the start. An extra tip is to set a limit of loss before you start playing, and don’t cross it.
The end of the game for you should be when you feel like you can’t go on or when you lose more than planned. This is the trickiest part to all players because the hope of a bigger win with the next wager pushes them to keep playing.
Keep in mind that saying “enough” today will allow you to evaluate your game and chance of winning and the current losses. There is always time to play again tomorrow. The best online casinos won’t go anywhere, as are your favourite brick-and-mortar venues. Bottom line is, have more practical experience, knowledge, and be well-rested.
The Dangers of Gambling
Paying the professional gamblers tax after winning is not the worse thing that could happen to a player. The one thing you should consider before you even get near the betting sites is the gambling addiction. Even though this may seem like something that happens to other people, it is equally dangerous for beginners, social, and pro players.
The professional gamblers want to create conditions and scenarios where loss is impossible. This is a dangerous trap that gives you the additional satisfaction of the victory, but it can also be your complete downfall. The high self-esteem and full faith in your abilities can mislead you into thinking that you are invincible and can’t lose. This is the first step of gambling addiction.
If you feel that you are losing no matter how much you invest in the games, you are addicted. Listen to your family and friends who try to pull you away from the habit. Your first step towards healing is to try to limit your gambling, especially the amounts of money you put in. Many addicts look for help from organizations like GamStop, Association of Problem Gambling Service Administrators (APGSA), psychologists, and more. We have a great Gamblers Anonymous review, that can give you details about the work of the organization and how to contact them.
Professional Gamblers FAQ
Watching professional gamblers in action is a fascinating experience. It is not every day when you can see someone throw half a million on the table and act as if the money doesn’t matter. In our article, we told you about this fascinating job and which are the top pro gamblers. Now, we will answer your most frequently asked questions.
