There aren’t too many ways that someone can consistently make money gambling. However, I have found 4 top gambling strategies that will surely make you money. In the future, I’ll be spending a lot of time researching, testing, and teaching you more about these gambling strategies. For now I want to share them with you so you can decide for yourself which of these top gambling strategies you want to use to make money gambling.
1) Online Poker
When you play online poker, you’re playing against other opponents, not the house. For the past several years Texas Holdem has been the most popular choice among poker players. I just wrote an article on how to play Texas Holdem that you may want to read if you’re new to poker. I’ve made a lot of money playing poker so I know first-hand how lucrative the game can be.
Pros of playing online poker:
- Lots of new players create plenty of money-making opportunities
- It’s simple to learn to basics of poker and feel comfortable playing for real money
- Many quality online poker rooms give players great poker bonuses which add to profits from the beginning
Cons of playing online poker:
- To successfully move up to higher stakes takes a lot of study of the game and self-analysis
- Due to the popularity of televised poker, online poker, and poker books, opponents are much stronger than in the past
2) Blackjack Card Counting
Recently made (even more) popular by the movie 21, blackjack card counting is a system of figuring out when you have an edge over the casino and thus, should bet bigger. Most of the time the house edge for blackjack is around .5% (meaning you lose $1 for every $200 you bet). By card counting in Blackjack you can gain an edge of .5% - 2% over the house (meaning you would make $5 - $20 per $1000 bet)! The key is to first learn and practice basic blackjack strategy first, and then study and master blackjack card counting.
Pros of Blackjack Card Counting:
- There are plenty of resources including books, websites, and software to help you learn card counting
- With the availability of online casinos, it’s easy to gain plenty of practice card counting before hitting the live casinos
- Anytime you can gain an edge over the casino it is a “pro”
Cons of Blackjack Card Counting:
- Just like any other area, if you want to be successful you will have to practice, learn, and master blackjack
- Because casinos are aware of card counters, you will have to learn how to make money without arousing suspicion
3) Sports Arbitrage
Sports betting is a new area for me. It’s one that is intriguing to say the least. Sports arbitrage is a way to make money with each bet you make. To make it work, you have to find two different sportsbooks that are offering the right odds. Then you bet on both teams at different books. You will lose money on one bet and make more money on the other.
Pros of Sports Arbitrage:
- Sophisticated professionals can make upwards of $100,000 per year using this method
- The large number of sites that allow sports betting online give you more opportunities to find these “sure bets”
Cons of Sports Arbitrage:
- It takes a lot of time, capital, and organization to get started developing the processes that will make you the most money
- Without a large bankroll to have money at many different sportsbooks at the same time, transfer and withdrawal fees may eat away your profits
4) Gambling Bonuses
One of my favorite ways to make money gambling is with gambling bonuses. By finding and signing up at sites with the best gambling bonuses, you can make money without being an expert in any certain area. As long as you understand correct gambling bonus strategy, you can make a build a bankroll to pursue any of these other top gambling strategies.
Pros of Gambling Bonuses:
- Provides a great way for new gamblers to build a bankroll
- Plenty of competition between online gambling sites means bonuses will be around for a long time
- Fun and easy to learn the strategy involved in getting top gambling offers
Cons of Gambling Bonuses:
- Once you build a bankroll to over $5,000 other gambling strategies may yield more profits
- If you immediately cash out after clearing a bonus the gambling site will label you as a bonus abuser and at a minimum refuse to give you future bonuses, and at a maximum refuse to pay your winnings
I hope this article has given you some ideas about how to make money gambling. If you’ve used any of these top gambling strategies with success, or have more questions about them please use the comments to share your thoughts.
Best Gambling Bonus 2008
July 11th, 2008 at 9:31 am
Excellent blog! These days many people are interested in making money through gambling as it has become an easy way of earning money online.It appears easy but it is very tricky and risky.Money management is important strategy of online gambling.