By far, one of the most common questions that people ask online gamers is, “How do you make a living?” After all, it’s a commonly known fact that casinos make their money from people losing their money, not winning an annual income – so how can those who engage in competitive gaming pay their bills?
The answer is certainly not cut and dry. What
works for one gamer might not be the best path for another, and everyone has
their own specific style and strategy when it comes to online gaming. While it
would be great to be able to write out, “ok, you just need to do a, b, and c –
and boom! You have a lucrative new career path,” it certainly isn’t that
Making money with online gaming is all about a personal plan that leverages your own specific strengths. For most people in the competitive gaming world, that boils down to game selection, and laying out clear and reasonable expectations about what you are doing, and what you can achieve.
Thankfully, there are some tips and pointers that can help you to start your own new career path in professional online gambling. Let’s take a look at the different types of online games that are out there, and provide ideas about each one. These categories include casino/table games, sports betting, and skill-based games.
Luck-Based Games vs. Skill-based Games
While there are millions and millions of dollars out there that you can make when online gaming, remember that some of these games depend only on luck. There are no ‘sure fire systems’ that can beat casino games – for luck-based games, over time the house will always win. Instead, it is up to you to make the most money you can in the short run.
On the other hand, a skill-based game gives no edge to the house. These are games in which players are competing against each other (rather than the dealer or the house), and the house takes a designated percentage of the winnings as their cut. The most famous of these games is poker, with tournaments and winnings that can reach into the millions.
While this might make you think that
skill-based games are always the best way to make money, this isn’t always the
case. While slots and casino games are skewed in favor of the house (and
eventually the house will come out on top), you can make a lot of money in the
short term. Remember, with skill-based games you are playing against other
skilled and driven people, and they will give you a literal run for your money!
Luck-based (Casino) Games
When you are playing a slot machine or online roulette, the game is designed to eventually benefit the house. This is not a secret, and nothing is ‘rigged’ – this is simply the way that the games are designed. Over time, if you play for long enough, you will lose.
That said, there are ways to win big in the short term. One of these strategies include going after jackpots, which allow you to go outside of the statistical norm and win a lot of money. Bonuses are another way to win – taking advantage of bonuses, free spins, and promos can help you boost your income.
betting is completely different from casino games – it is skill-based, and
requires you to have a deep understanding of the players, coaching, statistics,
and even things like weather conditions!
With sports betting, you are betting against other players, and the house is only taking a small cut. Is this a viable career path? You better believe it. Is it hard work? Absolutely- and only a small percentage of people can make a living as a sports bettor.
Some of the most common skill-based games include poker, Texas Hold’em, Chess, Backgammon, and even Yahtzee. You can play these games for a living, you just need to practice, practice, practice.
Your income for this career path is based on your skill, and while there are a few elements of luck involved (as with everything in life), your income will depend on your talent. A good player will always win in the long run. The trick is to know when to stop betting and walk away from a losing game.
Which Games are Best for You?
If you are thinking about making a move to this new career path, consider the games listed above. Which suits your strengths most?