Without a doubt, the number one question we get asked in regards to betting
online is “How do I make money gambling online?” The answer as you might expect
is not a simple answer. While we wish we could just tell you to “do x, y, and z
and you’ll be rich,” it’s just not that simple.

Gambling is bad thing and most of the time those who run this game in their premises are not there to do charity for the customer. This is absolutely wrong idea and hardly any one can become rich by gambling and all the rest are sure to have loss. Forget the richness idea. The people I know who are rich from sports betting did it one of the following three ways: Formed partnerships to pool capital and efforts, and ran it as a business, with investment and negotiated relationships. Today this is usually done on BetFair, although people still do old-fashioned betting as well. Formed organizations to take bets. Next, one needs to have the patience and discipline to stick with it, through both the upswings and downswings. Reducing variance in value betting There are steps you can take to reduce the variance in value betting, such as placing on lower odds, only placing one trade per game, placing trades close to kick-off, using a proportional staking. #1 - People DON'T think they can get rich quick through gambling. MAYBE a very small percent of people do, but they are the exception. There ARE people who fool themselves into thinking they can beat the casinos out of money, but most of these people don't try to get rich quick.

Making money online comes down to game selection and having clear
expectations of what you’re doing. The opportunities are huge, and there are
millions and millions to be made if you look in the right spots. Lucky for you,
we’re going to do our best to educate you and point you in the right direction.

The best way for us to approach answering this question is to answer it
individually for each different type of online gambling/betting that exists.
Specifically today we’re going to look at sports betting online, casino/table
games online, and skill-based online games. There are a few other obscure forms
of gambling online that do exist, but these main categories should encompass
almost all of the major types that are out there.

As a spoiler, I can tell you that it is possible to make money at each of
these, though, some will depend solely on your luck while the others are
sustainable based on your skill and abilities. The difference is going to come
down to whether the game is a luck based or skill based game. Let’s clarify the
difference first before we dive into each individual type of online gambling and
how to make money at it.

Luck vs. Skill

If you’ve ever hung around a casino or talked to gamblers before, you’ve
probably heard someone at least once tell you that they had a system to beat a
certain game. It might have been craps or roulette or maybe even blackjack. The
problem we always noticed when we heard this from someone was that they were
broke or were not rolling in the money. If they truly had a system to beat a
casino game, wouldn’t they be doing it 24/7 and living the high life?

The real reason they don’t do this 24/7 for a living and aren’t living the
high life is that
most casino games are luck based. Luck based games are games
where the house has the edge. This means that there are no super secret systems
out there that can beat these games outside of cheating. Does this mean you
can’t make money at them? Of course not. All it means is that in the long-run
over thousands and thousands of hands, spins, or rolls, the casino is going to
win.

This means you can most certainly make money in the short run. Many gamblers
go months and sometimes years winning at games. The thing to note, though, is
that this is a statistical anomaly that will correct itself. In the end, the
casino will ALWAYS win at luck based games. There is a silly cliché phrase
that explains this:

Spotting a luck based game is easy. If the game is run by a casino (live or
online) and you are playing against the casino and not versus other players,
this is a luck based game, and they are going to have a long run edge. Again,
you can still make money playing these games (and lots of it), but in the long
run over thousands and thousands of games, the casino will ultimately win.

Skill-based games, on the other hand, have no house edge. These games are
ones where players compete against each other instead of against the house (the
casino). The casino will take a small fee for facilitating the game, but
ultimately it is up to the players who wins the money.

Skill-based games are sustainable ways for people to make money long-term. If
you are good at a skill based game and can continually get people to compete
against you, you can make a full-time living playing the game. These games are
easy to spot as they are games where players are competing against other players
and not the house.

Making Money Online Playing Casino Games and Slots

How To Become Rich Through Sports Betting

We have some good news, and we have some bad news when it comes to making
money gambling on your favorite casino games and slots. The bad news is that
online casino games and slots are games of luck that the house will always have
a long-term edge on. The good news is that regardless of this, you can still
make a lot of money at them!

Addressing the bad news first, you need to realize that there is no system
out there to “beat” online casino games to make a living playing them. You will
never be able to be a professional slots player or a professional roulette
player or anything like that. Ultimately, the casino edge and statistics are
going to prevail, and the casino is going to win. Understanding this is
imperative to have a great time playing these games online.

Regarding the good news, though, this does not mean you can’t make money
playing online casino games and slots. First, the casino edge is only for the
long term. The long term usually means hundreds of thousands and millions of
spins of a slot or roulette wheel or hundreds of thousands of tosses of the
craps dice etc. You may play the games and never ever experience the long term
statistics correcting themselves. The casino edge on most games is only a couple
of percentage points meaning you can totally have major winning sessions and
runs.

An Analogy to Help

Imagine this analogy. There are two bettors, you and a friend, who are going
to bet on the flip of a coin. You are going to take turns flipping the coin with
you allowed to bet on every flip. If the flip is heads, you win your bet. If the
flip is tails, you lose your bet. You do not have a choice; you have to bet
heads every time.

We all know that coins are going to land on heads 50% of the time and on
tails 50% of the time. Let’s say we alter the coin a little bit to make it more
like when we are betting against the casino giving them an edge. Let’s say that
this coin lands on heads only 48% of the time and on tails 52% of the time.
This represents the long-term edge that the casino is going to have.

You and your friend start flipping the coin and placing your bets against the
house. You each get to flip the coin 50 times. If everything happened without
any variance, you both would get heads about 48% of your flips and lose a tiny
bit of money to the casino over the course of the flips. But variance comes into
play. Variance says that over ALL 100 flips about 48% will be heads, but it
doesn’t necessarily say which of you two are going to get more or less of the
heads in the short run.

It’s possible that you get heads 48 of your 50 flips and your friend gets
heads zero times in their 50 flips. At the end of the day in the long-run, the
casino is still making money because it is winning 52% of its bets, but you’ve
made an absolute TON of money. The point here is that most recreational gamblers
will be operating in the short term for most or their entire gambling career.

Jackpots

Part of the way that this variance spreads itself out is through jackpots.
Not all players are going to win jackpots but if you do win one you can bet that
you’re going to be a lifetime profitable gambler (depending on the size of the
jackpot of course). Jackpots still fall in line when it comes to
statistics and house edge, but that doesn’t mean you can’t be one of the players
to fall outside of the statistical norm and strike it rich!

Bonuses

How To Become Rich Through Gambling Winnings

One way to fight back against the house edge and a lot of times turn it in
your favor (at least temporarily) is by
taking advantage of bonuses. Bonuses, as
you may already know, are free money/free spins/free play that online casino
sites will give you to try to attract your business. A lot of times the benefits
of these bonuses will turn the odds in your favor while you are using the bonus.

Of course, they won’t give you the bonus forever because they would lose
money and have to shut their doors. But in the short term, you can definitely
take full advantage of these promotions and clean up some easy cash. It’s also
of importance to note that there is no reason you can’t jump between a few sites
to take advantage of different promotions.

This is a lot like going to a different grocery store for a week because you
have a coupon for something. There is nothing unethical about it, and the sites
actually would prefer you use their promotions. The reason they run the promos
is to get you in the door to try out their product in hopes that you will stay
or make a change from your home site.

Making Money Online Sports Betting

Sports betting is a complete 180 the other direction from online slots and
table games. Sports betting is a skill based bet (depending on the bets you
choose). While you might think you are betting against the house, they are
actually manipulating lines so that you’re basically betting against other
players and they are taking a small fee for facilitating the bets. With proper
skill and a sharp eye, you can make a living as a sports bettor. Is this
difficult? You bet your butt it’s difficult but it’s completely possible, and a
lot of people do it every day.

So how do you make money online betting sports?

Simple. Join a sportsbook and
start making correct picks. Start with a sport that you know well and do
extensive research. If you can come up with a system to properly predict games
and outcomes, you can be a successful sports bettor.

One thing that is extremely important to point out is that you have to choose
the right type of sports bets or you’re going to be placing luck based bets
instead of skill based bets. As you may or may not know, you can bet on a lot
more than just who the winner of a game is going to be. You can bet how many
points will be scored, how many times they will do something, who will score
first etc. Some of these bets will require research and skill to make a correct
pick, and some are just going to be dumb luck.

Here are two different sports bet as an example. One is a skill based bet and
one is a luck based bet.

• Will Rob Gronkowski score more or less than 1.5 touchdowns in a game?
• Will the final score of the Patriots be odd or even?

As you can hopefully see, the first bet would require you to have strong
knowledge of how Rob Gronkowski is going to perform in a game. You would have to
look at the defense he is up against and predict the game plan of attack the
Patriots employ. There is a lot of skill that goes into picking this bet and the
more knowledgeable and skilled you are, the better off you will do. This is an
example of a skill based bet that you could profit from long term if you were
sharp enough.

The second bet about whether or not their final point total is odd or even is
really just dumb luck. You could make some crazy argument that you can predict
the exact game flow and how many points they score, but in reality, you are just
guessing. This is an example of a luck based bet that you can still make money
off of but it is not sustainable long term. As long as you’re aware of this,
have at it!

It’s important to point out that these bets are not segregated or separated
at all when you go to the online sportsbooks. The luck based and the skill based
bets are all going to be listed side by side, and it’s up to you to be able to
decipher the difference. Honestly, it should be easy to tell the difference by
just taking a few minutes to pay attention to what you’re betting on. If it is
something that you are struggling to find data and information to support your
pick, it is probably a luck based bet.

The Beauty of Line Shopping Online

One of the easiest ways to make MORE money online with correct sports betting
picks is through line shopping. Line shopping is a strategy that is not possible
with brick and mortar casinos due to logistics and has really only become
popular thanks to online sportsbooks. Line shopping is the process of checking
several different sportsbooks to get the best odds and payouts possible for your
bets.

You just can’t do this in real life unless you live somewhere like Vegas
where you have a ton of different sportsbooks right next to each other. Even
then, most of the books there are interconnected, so the odds are going to be
the same at all of them. Online, though, you tend to see a lot of greatly
varying lines for the same bet.

Let’s say you are planning to bet the Miami Heat to beat
the Golden State Warriors on the moneyline at +150. Let’s say you’re totally
confident on this bet and you think it’s the easiest bet in the world. Is this a
good bet for you to make?

A better question would be, is this the best bet you can make? If you were to
take a few seconds and line shop another online sportsbook, you would see that
one is offering the same bet for +170. This is the exact same bet except if you
place it at the second online sportsbook you will get paid out more money. If
you bet $100 and the Heat win, the first sportsbook will pay you $150 in profit
and the second will pay you $170 in profit.

By simply taking advantage of the technology that comes with betting online,
you can make MORE money on a correct pick just by taking a few seconds to check
a few different sportsbooks. We can assure that this is not a rare occurrence to
find varying lines. It’s actually a fairly common occurrence to find different
lines, and it can greatly affect the amount of money you make betting online.

Making Money Online Playing Skill-Based Games

You may notice that in the title of this section it does not say anything
about “gambling.” This is because gambling refers to placing wagers on a game of
chance that you have no control over. Out of all the different bet types on this
page, these are the ones that you have the most control over. Skill-based games
are games that pit two or more players against each other. Skill-based games are
NOT played against the house, but as we stated earlier, the house takes a small
cut for facilitating the game.

Skill based games can 100% be played for a living as long as you can continue
to get people willing to play against you. While some of these games do have an
element of luck, the majority of the game’s outcome is determined by skill. This
means that a worse player may win a few games in the short run, but the better
player will always win out in the long run.

For example, if you get your money in the middle playing Texas Hold em poker
(a skill based game) with pocket Aces against J-10, you’re supposed to win that
hand based on the statistics. However, it is entirely possible that you lose
that hand in an unlucky fashion. If you continue to get your money in
significantly ahead, though, statistics should even out, and you should make
money in the long run. Though you might lose in the short run, you will prevail
in the long run.

Some of the most popular skill games you can play for money online are:

For more information on playing these games online, here’s a guide we’ve put
together for you:

The Bottom Line of How to Make Money Gambling Online

Hopefully, if you’ve read until this point, you have a pretty strong idea of
the different options you have when it comes to making money gambling online.
Depending on whether you’re just looking for some recreational fun or a way to
make a living, we’ve given you several different options in both directions.

Remember, be realistic with your expectations and don’t try and make a career
out of a game that you are not statistically supposed to win long term at.

We all think about it sometime – somehow finding a trick, shortcut or secret method to getting rich quickly. Gambling is often considered by enterprising millionaires-to-be because gambling offers the allure of massive cash payouts in a short amount of time. The question, of course, is if it’s possible to get rich gambling.

So is it?

Yes, it is possible to get rich gambling and I’m going to show you a few methods for getting rich gambling. I don’t want to waste your time so I’ll tell you up front that none of the following methods are easy or simple. If everyone could get rich gambling, well, you know… everyone already would be rich.

The good news is that at least one person has used each of the following methods to make a fortune gambling. People have (and do) use all of the following methods to get rich gambling. It’s not easy but it is very possible. In fact, I’m using one of these very methods myself to build my own fortune.

Count Blackjack at a Live Casino

How To Become Rich By Gambling

Blackjack is one of the only games in the casino in which it is possible to gain an advantage over the house. The key to winning in blackjack is to learn how to count cards. Card counting involves keeping a running count of the high cards and low cards that appear on the table. This allows you to know when the deck is rich in high cards. When the deck is rich in high cards, you have an advantage and can then increase the sizes of your bets.

Card counting itself is pretty simple. I don’t want to get into a whole discussion about how it works here, but you can run a few quick Google searches to see how to keep count. It’s really not difficult at all. The difficulty in card counting is actually getting away with it.

Casinos also keep track of the current count and if you frequently place bigger bets at the right moments, the casino will know. It is not illegal to count cards, but casinos do have the right to kick you out in some states. So, you have to find ways to cover your play, such as playing with a team.

Play a Smart Video Poker Game

Video poker is another casino game in which you can gain an advantage if you play correctly. In certain cases, video poker machines return more than 100% when you play with perfect strategy. There are numerous resources on the internet that explain exactly how to play every single hand for every single video poker variant.

The difficulty in playing video poker for a profit is that every machine is a little different and you have to play with the perfect strategy 100% of the time. Video poker does require some serious volume as well, because the advantage is found over the long term. Royal Flush jackpots account for the player advantage, and that means you have to play a lot before you reach the full potential of player advantage.

Further adding to the complication is the fact that not every video poker machine can be beaten. Only certain video poker variants with the right pay tables can be beaten by the player. In some cases, the advantage comes from clearing bonuses or taking advantage of player comps.

Entire books have been written on beating video poker, so I’m not going to try to cover everything here. A great resource for getting started is the Wizard of Odds video poker page.

Start a Brick-and-Mortar Casino

The best way to make money gambling is to make money off other people gambling. Casinos reap in heaps of cash via gamblers, food, drinks, entertainment and hotel rooms. The gambling industry has taken a bit of a hit during the recent recession, but it’s still alive and well. They say that gambling and entertainment are the only recession-proof industries.

Obviously, there are a few challenges with starting your own casino. First of all, you’ll have to talk to a lawyer to work your way through the legal process for starting your own casino. The casino industry is regulated and protected to death. You will face a long, uphill battle in the beginning. If you can maintain the fight, the rewards will be great.

Casino mogul Sheldon Adelson is a great example of getting rich via gambling. As the Chairman and CEO of Las Vegas Sands, it is estimated that his personal fortune exceeds $20 billion.

Start an Underground Casino

If you can’t get a license to own a casino legally, the underground casino is always an option. This is actually a pretty bad idea though because it is highly illegal to run an underground casino in most countries. Additionally, it’s tough to make a lot of money while remaining under the radar.

Having said that, I do know of a few people who have made a lot of money with underground casinos. I wouldn’t recommend this method to anyone, but it makes the list simply because people have made money off underground casinos.

Start an Online Casino

If you live outside the US, an online casino may be a better option than running a brick-and-mortar operation. Online casinos are cheaper to start than traditional casinos and they generate cash quickly. You can build your own gambling site from scratch or use a white-label solution for the software and payment processing.

There are two obstacles to overcome with an online casino. First, you must figure out the legality of running an online casino in your country. In some countries, it’s pretty easy to start an online casino. You just need to get a quick certification and you’re good to go. In the United States, it is illegal to run an online casino at all.

The second obstacle to overcome is the competition. The ease of starting a gambling site has led many people to open their own casinos. You will have to fight to bring business to your casino. I recommend starting an affiliate program, connecting with website owners via online marketing forums and running a reputable organization.

When done right, online casinos can be hugely profitable. The operating costs of online casinos are minimized because there is no building to keep up, no dealers to pay, customers to clean up after and so on.

Become an Online Casino Affiliate

This is the path that I have taken to get rich gambling and it’s the path that I recommend to everyone else. Casino affiliates make money by referring players to online casinos. Every player that you send to a casino is tracked to you and you receive a percentage of that player’s losses.

For example, let’s say I send a player to Buzzluck Casino. If that player loses money at the casino, I keep a percentage of those losses. I know this may make me sound like a bad person, but that’s how every gambling website works. If it helps any, I always give honest reviews, never recommend bad casinos and I always give players legitimate gambling advice.

Anyways, most online casinos have affiliate programs that you can join for free. Just visit the casino’s website and look for a small text link that says “affiliates.” After you sign up for the affiliate program, you can log in to your account and receive special links that you can post on your own website or blog. Any time someone clicks on one of your links and signs up, that person is tagged as one of your players.

How To Become Rich Through Gambling Addiction

The reason I chose this path is because it requires the least upfront investment. I didn’t have to spend thousands of dollars practicing card counting or setting up an offshore gaming site. What makes it difficult is that there is a lot of competition. You have to be willing to put in a lot of work before you get any return.