How People Make a Living Gambling Online

Most people who try their hand at online gambling lose more than they win, but those who find the right strategy can make a living gambling online. The key is to find that strategy and to manage your money properly.

Choose the Right Games to Play

Choosing the right games online is an important first step if you want to make money in gambling. Playing it live will make you win consistently when your strategy is applied such as blackjack, video poker, and craps.

Blackjack: Back in 1962 a man by the name of Edward O Thorp came up with what is known as basic blackjack strategy. It is based on the player's point total and the dealer's visible card. If you equip yourself with a basic strategy chart and combine it with card counting you'll know the best play mathematically in every situation. While it's called "basic" this strategy is actually quite complex due to the countless situations players can come up against during a blackjack hand. For instance, small changes in the rules such as surrender option or single deck can actually improve the player's chances of winning, while a change like dealer draws on soft 17 decreases chances of winning when using the basic strategy. Find full basic strategy charts at some online casinos or in blackjack guides. Using basic strategy charts, card counting and other systems can help you win often enough to make a living gambling online.

Video Poker: Video poker has been around since the 70s and is one of the most popular forms of online gambling today. For those who enjoy a game of skill this is one game with a low house edge that offers the possibility of big wins. Rules are uncomplicated. You play 1 – 5 coins, the machine deals five cards, and the player chooses which cards to hold and which to discard. The machine replaces the discarded cards and then pays based on the value of the hand. For the best chances to win, a player should search out the most liberal pay tables. If played properly players can see a return of over 100% (if you figure in incentives like free play, cash back, and other comps). Unfortunately, the video games that are really profitable are quickly disappearing from casino gambling today.

Online Craps: Craps is a game that depends on luck and skill. Once a player knows basic craps rules, the thing to understand is the odds and craps bets before you start to play. Each craps bet poses its own winning odds and house advantage. Some wagers are more advantageous than others, so it's important to have a complete understanding of all types of bets before playing online craps. Hone your skills and learn a solid craps strategy with free software before you start laying down your hard-earned cash. Understanding which craps odds are in your favor and which are not is the key to success if you hope to make a living by gambling online.

Play with the Strategies

The key to winning online is to follow proven strategies. Once you choose the game you want to play, focus on it and study it. Get to know its strategies. Don't jump from game to game. Stick with one and learn it from the inside out. This is the secret to maximizing your odds.

Manage Your Money

When it comes to managing your money, there are a few basic words of. Understand that no strategy guarantees a win no matter how beatable the game. If you over bet or chase losses, or bet money you need to pay the rent that's a red flag that you have a gambling problem which means you will probably never be able to make a living gambling. In fact, if you can't gamble responsibly it's almost a guarantee that you will lose money in the end. In that case, you'd be better off finding another way to make a living.