Have you ever dreamed about getting rich gambling? Some gamblers are able to do it, so why not you? What could be better than taking a risk and having it pay off in a big way?

How To Make Money Gambling

Gamblers have been trying to get rich for years. Some of them have been able to do it by getting lucky and hitting a big progressive jackpot or a big lottery. But others have been able to amass riches by a more practical and straightforward method.

I’ve put together seven ways you can get rich gambling with real money below. Some of them are easy, just requiring a small bet and a great deal of luck. But some of them are within your reach, if you’re willing to do the work and put in the time.

1 – Win a Big Poker Tournament

Just about every poker player knows the winner of the WSOP main event takes home millions every year. But did you know there are hundreds of poker tournaments that pay out over $100,000 played every year?

You don’t have to win the WSOP main event to win a big score. But even if you only look at the biggest poker tournament in the world, your odds of winning are still much better than you get with things like one of the big lottery drawings.

The only working (legal) way to make money by playing slot machines online. Some slot machines -especially online video slots with progressive jackpots- accumulate such an extremely high progressive jackpot, that the house advantage disappears. Professional gambling systems: You are probably expecting me to say that roulette systems are the best way to make money ever. But it’s not the case. Roulette can be an extremely tough game to beat, or it can be remarkably easy. Most gamblers, even those who only play with an edge, don’t make that much money. But you CAN improve your chances of winning at almost any casino or gambling game. Sometimes this means choosing the bets with the lowest house edge. Other times it means making the correct playing decisions.

2 – Grind It out as a Blackjack Card Counter

This one isn’t glamorous like some of the other ways to get rich gambling on this list, but it’s one of the things that offers a realistic opportunity for anyone with the skill and desire to make some serious money.

When you buy a lottery ticket, you have the chance to win a huge prize, but the odds are strongly stacked against you. If you learn how to count cards, you can methodically make money.

But there’s one thing you need to understand, and it’s in the title of this section. Getting rich by blackjack card counting is a grind. You have to play as much as you can, you have to keep your mind in top shape, and you’re always doing your best not to get caught.

Even if the money is good, the grind can wear you down. On the plus side, you don’t have to be a genius to learn how to count cards, and like I mentioned above, it gives you a realistic opportunity to make money gambling. Anyone with average intelligence and the desire to master it can become a winning card counter.

3 – Hit a Progressive Jackpot

Most large progressive jackpots are available on slot machines, but some other games have them also. The problem with slot machines is they have a high house edge. The odds of hitting a progressive jackpot are also highly against you, but they’re not worse than hitting the lottery.

One thing you need to watch for is many of the slot machines with big progressives require a large bet per spin to be eligible for the top prize. If you’re betting $2 or $2.50 per spin, it doesn’t take long to burn through your bankroll.

4 – Win a Big Lottery

If you’re like me and most other people, you’ve probably spent some time thinking about what you’d do if you hit a big lottery prize. After all, most of us have never had a million to spend, much less 10 or 100 million. And the cost of a ticket is only $2 or $3.

I don’t know of any other bet you can make that offers the chance at such a high return for a small investment. This is one of the reasons why the lottery is so popular, and I’m all for taking a small risk for a big reward.

The odds of you hitting a big lottery, even if you play every day your entire life, are very small. It’s not really a realistic chance, but someone is going to win, so I don’t blame you for buying a ticket. If you want a better chance at riches, read one of the two sections on this page about grinding out your fortune.

5 – Poker Grinding

It’s not as flashy as it looks on television, but many poker players are able to grind out a good living at the tables. They play hour after hour, making $20 to $30 or even $50 an hour.

The first thing you need to do is learn how to win on a consistent basis. This isn’t easy, but it’s possible with enough study and practice. Once you learn how to win, the next key is to find the most profitable games and play in them as much as possible.

It might become less profitable because the players change or because you start getting tired and start making mistakes. But if you’re killing the game, you need to ride it until you can’t do it anymore.

Just like grinding out a living as a card counter, making good money as a poker player is a grind. It quickly changes from a fun game to something much like a job. This is acceptable to some players, but it makes many players quit playing. Only you can decide if this is a good option for you, but be aware that it can turn a game you love into one you dread.

6 – Sports Gambling

Sports gambling is a tough business to get rich in, but a few players are able to do it. I cover it more in the next section, but one way to use sports betting to take a shot at fast riches is by trying to win multiple bets in a row while rolling your profits into the next bet. Another way to try for quick money is by betting a multi-team parlay ticket.

Most sports bettors who try to roll their profits, or win a big parlay, usually fail. The sports bettors who make money are the ones that grind out wins over time, like some poker players and blackjack card counters.

Most successful sports bettors develop their own systems or models and use them to find games and lines that might be profitable. Then, they combine their models and systems with study of the players and teams involved, and find profitable betting situations.

The biggest problem sports bettors run into while trying to get rich, even when they figure out how to win more than they lose, is getting a large enough amount of money in action to win big. It’s easy to get large bets down on big games like the Super Bowl, but how do you get $50,000 or $100,000 down on a small conference game in the middle of the season?

If you want to try for fast riches sports betting, pick a multi-team parlay and take your chances. The odds are better than the lottery, but the rewards are smaller, too.

7 – Let It Ride

I’m not talking about the popular table game Let It Ride here. Instead, I’m talking about making a bet and betting the total amount again when you win. When you win a bet and place the original wager, then win back into action, it’s often called “let it ride.”

Many times, these types of bets are made on even money wagers, like red or odd at the roulette wheel. But this requires a long series of wins to add up to a large amount. The same concept is in use in sports betting using multiple game parlay bets.

But let’s look at the numbers using an example with a much higher pay out than even money.

If you place a $100 wager on a single number on roulette, you get your original wager back and a win of $3,500 when you win. If you let the $3,600 ride and hit a single number again, you suddenly have $126,000 plus your bet of $3,600.

The odds are heavily stacked against you, but not as much as they’re stacked against you in the lottery. If you’re playing on a single zero wheel, you have a 1 in 37 chance of hitting any single number. The odds of hitting a single number two times in a row are 1 in 1,369. This translates to .0007304602, or if you convert it to a percentage, it’s .073%.

You can use the “let it ride” strategy in many different situations. At the dog or horse track, you can bet on a long shot, then let your win ride on another long shot to try for a big win.

Conclusion

If you want to get rich gambling, you can either try to develop the skills you need then grind out profits over time, or you can rely on luck of the draw and try for a huge win on very long odds. The grinding method offers a more realistic path, but it takes a great deal of work.

Even if you aren’t willing to be a grinder, you can still take a shot from time to time at a big poker tournament, the lottery, or by letting your profits ride.

Every gambler wants to win profits. But this is very difficult to do when considering that the casino holds an edge in most games. Of course, you can use a combination of luck and skill to win more money. But banking on luck is a terrible way to earn long-term profits through gambling.

Therefore, you need to find games and advantage play techniques that give you an opportunity to win in the long run. I’m going to discuss the best games and advantage gambling methods that’ll help you accomplish this goal.

Poker has long been one of the top ways to make money with gambling. This reputation has only increased in recent times with the availability of online poker. The reason why poker offers such a great opportunity to earn money is because you’re competing against other players – not the house.

But I believe that any poker player can win with the right approach. The only question is what route you should take towards becoming a winner. Read the stories of any successful poker player – past or present – and you’ll see that there’s no single road to get there. But there are some universal steps you can take to becoming a stronger player.

Here are different methods you can use to improve your skills:

• Watching pros on Twitch streams.
• Watching training videos on YouTube.
• Joining a training site (usually $30 per month).
• Reading poker strategy books.
• Reading poker strategy articles.
• Hiring a poker coach.
• Reviewing your sessions afterward.

You also have to decide what poker variation and type you want to attack. After all, this game offers over a dozen variations along with different game types. Some of the poker variants include Texas holdem, Omaha, Omaha Hi-Lo, Seven Card Stud, Razz, Badugi, H.O.R.S.E., and Crazy Pineapple. The different types of poker include cash games, multi-table tournaments (MTTs) sit and go’s (SNGs), and lottery style games. You should throw out lottery style poker games right away if you’re a serious player. These games rely on too much luck in order to win anything significant.

This leaves you choosing between cash games, MTTs, and SNGs. Here are the pros and cons to each of these choices:

• Cash games – Pros: great for steady hourly profits, especially when multi-tabling online. Cons: your losses can accelerate greatly if you’re not skilled.
• MTTs – Pros: give you a chance at winning a huge payout for a small buy-in. Cons: bigger MTTs have lots of variance, meaning you won’t cash often.
• SNGs – Pros: you can make a steady profit from SNGs without assuming too much risk. Cons: you need to multi-table SNGs or play higher stakes in order to make serious profits.

The biggest thing to keep in mind about poker is that it’s not an easy way to win profits. This is especially the case in today’s poker climate, which features better players than ever before. But as long as you’re willing to take a long-term approach to the matter – rather than expecting quick winnings – then you can slowly grind up the stakes and make some money. Moreover, poker offers more opportunities to become a profitable gambler than anything else on this list. Despite modern poker’s increasing overall skill level, you’ll find lots of juicy cash games, MTTs, and SNGs.

Chances are that you’ve seen a daily fantasy sports (DFS) commercial or two. These commercials are often aimed at making sports fans think that they can easily win money. This couldn’t be further from the truth, though, because DFS is a skill-based form of gambling. The biggest winners are those who dedicate the most time to creating lineups, analyzing statistics, and learning other strategies. Much like poker, you’re competing against other DFS players to craft the best player lineups. This skill aspect gives you an opportunity to win on a consistent basis.

Of course, not everything regarding DFS is about analyzing stats. You also need to develop simple strategies that’ll help you craft winning lineups. One of my favorite simple approaches involves looking for low-salary value players before filling out the rest my lineup. Focusing on the best value picks first helps me fill multiple positions on a roster before going for the high-salary players. Additionally, this allows me to see how much remaining money I have to go for the All-Stars at the end. DFS isn’t as lucrative as poker or sports betting for the average gambler. But you can certainly win some major money through this form of gambling.

Case in point: former poker pro Aaron Jones won $5 million through a DraftKings NFL contest in 2016. Plenty of other players have won large payouts since then. First things first though; in that you need to become a successful player before dreaming about a big win. I suggest starting with general strategy in low-stakes contests, before diving into advanced stats and programs that can truly make your winner.

Sports betting is similar to poker and DFS in that you can win long-term profits. But it also works differently from these two games in some ways. Poker and DFS involve competing against other players, with the house collecting a small amount of rake from the contest. Sports betting, on the other hand, revolves around trying to figure out which side of the line has more value. Therefore, you’re not competing directly against other bettors for winnings.

For example, you’d need to win 52.4% of point spread bets with 10% juice (comes from losing side) to be profitable. Winning over 52.4% of your wagers doesn’t sound extremely difficult. But keep in mind that even the best sports gamblers only win 53% to 55% of their point spread wagers. The rate at which you need to win moneyline bets depends upon the odds you’re taking. For example, you only need to win over 43.5% of the time on +130 moneyline bets to earn profits. But it’s not any easier to beat moneyline wagers than point spreads or any other type of bet.

The reason why sports wagering is difficult to profit from is because bookmakers are really good at setting lines. Their goal is to create equal action on each outcome in a wager, thus guaranteeing them a profit when the juice is taken into account. I mentioned earlier how you’re directly competing against other bettors. But you need to find favorable opportunities before most other gamblers, because lines shift when there’s too much action on one side.

Jumping on lines early is one of the best things to do as a sports bettor. This allows you to find value before any potential shift occurs to balance out the action. Handicapping is the main strategy for finding value in lines. This technique involves examining a variety of factors to see if the bookmaker’s odds lineup with your take.

Here’s an example:

• Atlanta Falcons +140
• Carolina Panthers -165
• You handicap this game.
• You think that the Falcons are undervalued at +140.
• You bet on the Falcons to win.

The factors that you look at when handicapping differ based on the sport. But basic elements that you should consider include injuries, player matchups, travel schedules, motivational factors, and statistics.

Stats are very important in sports gambling, because you can use them to spot trends that’ll give you an advantage over time. You can also use sports betting software to help you analyze advanced stats and make better bets. Of course, sports betting is like DFS in that you want to first learn the basics while concentrating on low stakes wagers. As you become more competent, you can graduate towards making bigger bets and using programs to help you out.

The esports industry has been rapidly increasing in popularity over the past few years. Esports betting, which has spawned from this growth, allows you to bet on the action. If you’re already a sports gambler, then you’ll appreciate the easy transition into esports betting. This form of gambling uses the same odds and types of bets that are featured in traditional sports gambling. You can also use many of the same handicapping skills to win esports wagers. The only difference is that you need to learn about the different games, leagues, and players involved.

Esports betting allows you to wager on over a dozen computer and console video games. Here are just some of the available games:

• Battlefield
• Call of Duty
• Counter-Strike: Global Offensive
• Dota 2
• Halo
• Hearthstone: Heroes of the Warcraft
• Heroes of the Storm
• League of Legends
• Overwatch
• Rocket League
• Smite
• Starcraft II
• Street Fighter

These games all have different leagues too, which gives you even more chances to specialize. But I strongly suggest that you only focus on one game and 1-2 leagues in the beginning until you master them. There’s no sense in wagering on a bunch of options and spreading yourself thin. Instead, truly get to know a single game before moving on.

5 – Card Counting

Card counting is an advantage play technique that you can use in blackjack to make profits. The goal is to keep track of aces and 10-value cards so that you know when you have a better chance to get natural blackjack (21 on first two cards). Casinos pay you either 3:2 or 6:5 on your original bet when you have a winning natural blackjack. Therefore, you can gain a temporary advantage by making larger bets when your chances of getting a natural increase.

Easiest Way To Make Money Gambling

The biggest benefit to card counting is that you don’t have to compete with other players to win. Instead, this is a matter of you learning how to count cards and avoid being caught by the casino. The latter is one of the biggest disadvantages to card counting. It doesn’t matter how good you are if the pit boss detects that you’re counting cards and has security escort you out the door.

This makes it important that you don’t spread your bets too much when you have an advantage. Here are examples of an acceptable spread versus what’s not:

• Acceptable – Going from table minimum of $10 to $50 (1-5 spread).
• Unacceptable – Going from table minimum of $5 to $500 (1-100 spread).
• Acceptable – Going from table minimum of $5 to $75 (1-15 spread).
• Unacceptable – Going from table minimum of $10 to $5,000 (1-500 spread).

One other critical aspect involves researching casinos and finding out which ones are more tolerant of bet spreads. Some gambling establishments will become suspicious immediately when you use a 1-15 spread, while others won’t as long as you’re not obvious about your counting efforts.

Of course, you also have to thoroughly learn and master a card counting system. The actual process of learning a system isn’t overly difficult, especially if you use one like the OPP or Hi-Lo. The Hi-Lo is my favorite for beginners, because it’s simple and will still produce good results. You should be able to learn how to use the Hi-Lo within a matter of minutes.

Also note that you’ll need a large bankroll so that you don’t risk busting out in your card counting endeavors. The average successful counter only has between a 0.5% and 1.5% edge, which makes for a lot of variance. You also have to account for how you’ll be placing big bets when you have a positive count. This increases the risk, which is why you want at least a few thousand dollars in your bankroll when starting out.

Hole carding is another advantage play technique that you can employ in blackjack. This strategy revolves around trying to see the dealer’s face-down card (a.k.a. hole card) when they peek for a natural blackjack. As you may know, the dealer peeks for a blackjack when their upcard is either an ace or a 10-value card. The round ends if they have a natural, and anybody without a natural automatically loses.

Under optimal conditions with a dealer that consistently shows their hole card, you’ll have anywhere between an 11% and 13% advantage. The biggest obstacle to hole carding is that there aren’t many dealers who’ll actually reveal their value when checking for blackjack. Chances are that you’ll have to sit at 100 or more blackjack tables before you find a really bad dealer.

You also need to sit in the correct seat to spot the dealer’s hole card. First base (seat to croupier’s immediate left) is best when there’s a right-handed dealer, and third base (seat to croupier’s immediate right) is best when there’s a left-handed dealer.

Video poker is the only house-banked casino game that offers you a long-term advantage. Unlike hole carding and card counting, you can sit at a video poker game for as long as you want and take advantage of profits. The first step to being a video poker winner involves knowing which variations actually provide an advantage. Here are the three most-common variants that will deliver long-term profits:

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