Best Way To Make Money Gambling Reddit



  • It would be great if you could make money at casinos. And 44 states have casinos! Here are ten ways to make money at casinos, along with some ways to save money by going to a casino, and — in case you need to satisfy your inner gambler — a way to risk a little money to win big. Become a Card Counter.
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  • When I first started researching how to make money online, a lot of the resources I found were aimed at Americans. Some online side hustles work from anywhere in the world, but I was frustrated to find a lot of sites that weren’t available to us over in the UK. To save you the same frustrations, I’ve put together this list of the best ways to make money online in the UK.
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Professional gambling has a definite allure to it. This job gives pros a chance to make their own hours and win lots of money.

3- Start Your Own Gambling Business The ones making the most money from gambling are the people who own gambling businesses. The casino owners, the cardroom owners, and the bookmakers are the people making the most money. You can start your own gambling business legally or illegally, but either way, you can make money.

However, nobody can be a pro without choosing the right type of gambling. After all, only certain games can be beaten on a consistent basis.

I’m going to discuss four types of professional gambling that are relevant today. These games are all still beatable in today’s gambling environment.

1 – Sports Betting

Many gamblers dream of making profits by wagering on the sports they love. Of course, only a small percentage of sports bettors actually realize this dream of becoming a successful sports bettor.

But you don’t have to win a large percentage of the time to be a long-term success. With -110 odds, you only have to win over 52.4% of your wagers to make profits.

Nevertheless, sports betting is still difficult to beat. Oddsmakers are really good at setting lines that offer little value one way or the other.

You also have to win enough to overcome the vig (a.k.a. juice). Vig refers to the small commission that sportsbooks take from the losing side of a wager.

Here’s an example:

  • Coin toss heads (-105)
  • Coin toss tails (-105)
  • The -105 indicates that both sides are risking $105 to win $100
  • But only the loser will pay the extra $5

Not even the pros crush sports gambling to a large degree. In fact, even the best bettors only win around 55% of their bets (assuming -110 odds).

However, you can still make serious profits in sports betting with large enough bets. Many professionals wager at least four figures per outcome to maximize their edge.

Of course, you have to develop an edge first. These skills only come as a result of proper handicapping, good bankroll management, and using helpful tools.

Regarding the latter, many sports betting software programs are available online. These programs offer a wealth of statistics on matches and point out when favorable betting opportunities exist.

For example, the software can alert you to a potential arbitrage opportunity. As you may know, arbitrage betting refers to situations where you can make the same bet at different sportsbooks and guarantee yourself a profit.

Finding perfect arbitrage situations is extremely difficult on your own. However, you can make the matter a lot easier by using software.

Experience is yet another factor that goes into beating sports betting. The more time you spend learning strategy and placing wagers, the better chance you’ll have at eventually being a winner.

2 – Esports Betting

Esports gambling is very similar to sports betting in a lot of ways. You’re dealing with the same bet types and odds (i.e., American, decimal, fractional) in esports wagering.

However, the key difference is that you’re betting on competitive video gaming. League of Legends(LoL), Dota 2, and Counter Strike: Global Offensive (CS:GO) are just some of the games that offer thriving betting environments.

Assuming you’re already well-versed in sports wagering, then you should be able to translate your skills to esports gambling. But you’ll have to learn a new set of players and teams.

You also want to specialize in a few markets, rather than betting on every single video game out there. For example, you might limit yourself to wagering on Call of Duty and CS:GO just to develop some level of mastery.

3 – Poker

Poker is one of the oldest casino games that give you a chance to win profits. It sees you compete against fellow gamblers, rather than a house edge.

The fact that you’re playing against other gamblers is exactly why you can beat this game. But this factor also makes for a more complex strategy than the average casino game.

Therefore, you need to be more skilled than ever to win in today’s poker environment. You should definitely spend some hours learning poker strategy for your game of choice.

If you’re playing Texas holdem, for example, then you want to learn everything possible about this specific variation. Of course, you might consider specializing in a less-popular variant, like Razz, to boost your chances of winning.

Whatever game you choose to play, you’ll need to use the right resources to improve. Articles, training videos, and Twitch streams are all great ways to better your game.

Twitch, which just recently became available within the last several years, is an especially good training tool. You can watch professional players who live stream their online sessions and offer helpful hints.

Poker isn’t an easy game to win money through. However, it offers the most profit potential if you do become successful and move up the stakes.

4 – Blackjack

Blackjack can’t be beaten with basic strategy. However, it can offer profits through card counting.

This advantage-play technique is extremely famous due to its appearance in many movies over the years. That said, casinos are fully aware of card counters and many of their potential tricks.

Card counting isn’t as lucrative as it was when the MIT Blackjack Team took casinos for millions of dollars in the 1980s and ‘90s. But it’s still a valid way to win profits through gambling.

You might be surprised to know that learning how to count cards isn’t overly difficult. You can use a simple, yet effective system like the Hi-Lo and gain between a 0.5% and 1.5% edge over the house. And if you want to learn even more check our ultimate Blackjack online guide.

The key is to practice your system enough to the point where you use it on autopilot. After all, you need to concentrate on other elements like blending in with the table.

The latter is important because you don’t want casinos to find you as a counter. Otherwise, they’ll throw you out and possibly even ban you from their establishment.

That said, you should research how to camouflage your bets and intentions before becoming a serious counter. Learning how to count is the easy part — not getting caught is where things get tricky.

What Types of Advantage Gambling Should You Avoid?

You can see the common theme in the games above. They all provide the chance to gain an advantage and win serious profits.

However, not all forms of advantage gambling are worth pursuing. The following games and techniques are best avoided because they aren’t lucrative enough.

Accumulator Slot Machines

An accumulator slot machine offers the chance to unlock bonuses by accumulating specific symbols. Once you’ve earned enough of the designated symbols, your bonus meter will fill, and you’ll have the opportunity to win a large prize.

Standard slot machines don’t have the same feature. Instead, bonuses are awarded randomly, and you have no idea of knowing when they’re coming.

Therefore, accumulator slots can actually be beaten in the long run. You simply have to sit down to games when the meter is nearly full.

Playing slots and making profits while doing so sounds like a dream to many gamblers. However, this particular method is anything but.

Is that most gamblers fully realize when they’re about to unlock a bonus. They’re unlikely to get up right as they’re about to fill the meter.

Those who are really serious about earning profits on these games will try coercing players off of accumulator slots. These “vultures” will use any trick in the book to get somebody to give up their seat.

You have to ask yourself if you’re comfortable doing such a thing. If not, then you won’t have many opportunities to play accumulator slots when they’re about to award a bonus.

Comp Hustling

Most casinos offer VIP rewards to players to keep them coming back. Gambling establishments work out the math to ensure that they still profit off the average gambler even when comps are included.

However, comp hustlers seek to overcome this imbalance and make profits through a combination of their casino winnings and rewards.

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You’re not profiting from a monetary standpoint with comp hustling. However, you theoretically earn profits as long as you’re okay with rewards being part of the “winnings.”

The problem with this technique, though, is that it’s not very profitable today. The casino gambling industry as a whole doesn’t offer the same lucrative rewards that it did 20 or 30 years ago.

You can still cash in on some nice rewards by comp hustling casinos. However, you’re very unlikely to profit from this practice.

Make

Video Poker

Video poker is the only house-banked game that gives you a realistic chance to make profits. You can beat games like full-pay Deuces Wild (100.76% payback), 10/7 Double Bonus (100.17%), and 10/6 Double Double Bonus (100.07%).

Another perk to video poker is that it has a static strategy. In other words, you don’t have to make any adjustments after learning an optimal strategy.

However, video poker is far from an ideal way to make money. First off, certain Vegas casinos are the only places that offer games with over 100% payback.

Another problem is that you can only bet five quarters per hand. This low max bet reduces your chances of making larger profits.

In the past, video poker could pay anywhere from $20 to $40 per hour. This large win rate was due to a combination of dollar machines and more comps.

However, quarter video poker and fewer comps have greatly diminished the chances of earning serious money. Under the perfect circumstances, you can only expect to make between $5 and $8 per hour.

Conclusion

The road to becoming a professional gambler is far from easy. However, it’s still possible in today’s gambling environment if you choose the right games.

For my money, poker is still the most realistic route to winning profits. It offers a number of opportunities to become a pro through live and online poker.

Of course, you can’t expect to be a professional within a week or two. Instead, you need to dedicate a lot of time to playing, learning strategy, and analyzing your leaks.

Card counting is a tried-and-true advantage-play technique. Casinos are very wise to counters, but they’re still not 100% perfect at catching pros.

Sports and esports betting are two more forms of gambling worth considering. Each can offer nice profits to skilled bettors.

One important thing to understand is that just because a game or technique offers an edge doesn’t mean you should use it. Such is the case with comp hustling, accumulator slot machines, and video poker —
none of which are worth pursuing.

That said, you should stick to the four games covered before if you’re serious about winning money through gambling.

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In a very real way, we are all losers when it comes to the 2020 presidential election.

Neither candidate is without their flaws, nobody ever gets exactly what they want no matter who wins, and this entire race has been filled with nastiness.

The presidential debates to this point have been fairly juvenile. The harsh ad campaigns and no holds barred approaches on social media are next-level crazy.

I can’t imagine a world where this presidential election ends without something ridiculous happening. I mean, it just wouldn’t be 2020 without it at this point.

If it’s going to drag us all down and/or take over our lives, we might as well profit from it. The best way to do that is to bet on the thing.

Should you be game for the plunge, here are the best ways to make money from betting on the 2020 presidential election.

One of the quickest and easiest ways to make money from presidential election betting is to take advantage of bonuses and promotions.

Most of the reputable online betting websites tend to offer nice welcome bonuses, and have numerous ongoing promotions. You’ll see this more and more as you bet at these sites, but there’s nothing like trying a site for the first time or being a betting newbie.

That’s where the free stuff comes pouring in.

As it’s happening, you’re just being flooded with free cash and you don’t even know what to do with yourself. Well, not really, but you do get to use these online betting bonuses for bets and you can build a bankroll without investing your own money.

Here’s a quick look at the best sites for betting on the 2020 presidential election, each of which offers a generous bonus to new customers.

Some sites will even have special election-themed bonuses and promotions, and you can also look around to see what the best presidential election betting apps have to offer.

Whatever the case, trying new online gambling sites sure has its perks. If you go to the right ones and use the right bonuses, you could end up placing a lot of bets effectively for free.

Whether you take advantage of online bonuses and promotions or not, you can still bet on the election.

And literally the easiest way to make money betting on the presidential election is to correctly predict who will win the race.

As in, you bet on Donald Trump or Joe Biden to be named the President of the United States.

The odds and expert analysts, so far, suggest this is Biden’s race to lose.

    Professor Allan Lichtman, who has accurately predicted the outcome of every U.S. presidential election since 1984, says President Donald Trump will lose the election pic.twitter.com/EDEwfYBp3a

    — Reuters (@Reuters) October 20, 2020

There is a lot of wild speculation about the voting process, voting fraud, and whether or not Trump would actually willingly step down if he loses. But that’s for figuring out after the dust settles.

You, the bettor, “just” need to get the final result right.

Bovada and other presidential election betting websites presently favor Joe Biden. Check out the latest odds.

  • Joe Biden (-180)
  • Donald Trump (+140)
  • Kamala Harris (+7500)
  • Mike Pence (+7500)

I really want to point out the value with Trump here, while it’s always possible one of the leading candidates “wins” but can’t proceed, and gives way to their prospective Vice President.

There’s also the whole “what about Kanye West” angle, but I am assuming most of us agree we should never get to that point.

The actual odds for who will be the next US President aren’t necessarily relevant to your choice, of course. All that matters is you are able to bet on the winner of the election, and it’s up to you to decide who that will be, or where you bet.

Where to Bet on the 2020 US Presidential Election

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Betting on who will win the presidential election is fun and potentially profitable. It’s just one bet that is virtually 50/50, however, and at the end of the night, it’s over.

To me, it’s like placing a wager on who will win the Super Bowl. Even if you feel great about it – and even if it wins you money – you don’t really get the thrill of winning until the game finishes.

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One way you can get the highs and lows of gambling the US presidential election throughout the entire process? Bet on Electoral College props.

Biden is presently projected to win most of them, but bettors have to ask themselves which ones?

    The @FiveThirtyEight presidential election forecast has Joe Biden with an 87 in 100 chance of winning the Electoral College: https://t.co/zF49MqdQMZpic.twitter.com/6tUxtGHQcs

    — ABC News (@ABC) October 22, 2020

There are a litany of presidential election prop bets to consider (more on that in a bit), but this is a very specific betting niche that covers all 50 American states.

You can wager on which party will win based on Electoral College “points” assigned to each state. Tying into this, of course, are the amount of states either candidate will win.

The point here is you’re not just betting on who wins. You’re gambling on the path to that win, and how it lays out.

With insane value littered across the nation (+950 for Democrats to take Alabama, etc), this is definitely one of the best ways to make money from betting on the 2020 presidential election.

Play Presidential Election DFS

No, don’t laugh. This does exist. Okay, fine, you can laugh. It is absurd, after all.

But hey, it’s free at most daily fantasy sports sites. You can “bet” on what happens at the presidential Election, and you don’t have to actually gamble real money at all.

Some of the top DFS sites are getting in on the fun with their special election DFS contests.

They’re basically prop bet contests, of course, which just has you leaning back to the appealing, fun, and upside of betting on presidential election props.

In this case, of course, you risk zero money, and can still potentially win money from the 2020 presidential election.

Betting on who will be the next President of the United States is really just the tip of the iceberg.

Playing presidential election DFS is fun, but the real upside is with trying to make money from gambling on the presidential election with real cash.

Bovada and other political betting websites offer you an insane amount of wagering options if you’re trying to win money from the 2020 presidential election.

This is serious business, to be sure. We’re trying to elect the leader of a nation, after all. But it also is a lot of fun, and if you play your cards right, you might exit the big night with a boatload of cash.

Here’s a taste of the many presidential election prop bets that exist online.

Way
  • Which party will win
  • Popular vote winner
  • Candidate-specific props
  • Social media prop bets

You can bet on the party that wins, who wins the popular vote, props dealing with Biden and Trump, and/or how they operate on social media during the presidential election.

To be frank, it really doesn’t stop there. The possibilities for presidential election props are honestly endless, and it’s up to the top political betting sites to decide what they put online.

I’m pulling a lot of these options from Bovada, but every site is different. Some sites will offer election props that are a little more outside the box, and others will just later pricing to appeal to bettors a bit more.

Ideally, you’re getting a nice combination of great US presidential election prop bets, good value, and killer bonuses.

Ready to Win Money on the 2020 Presidential Election?

The whole point of this post is to show you that there are a lot of ways to make money from betting on the 2020 presidential election.

Online Gambling Reddit

Gambling

Going back, the easiest way remains simply correctly predicting the winner. Even Biden comes in with pretty palatable betting odds, so no matter who you like, you’re getting some money back.

The bigger the wager, of course, the better the payout.

You can keep it going with a litany of 2020 presidential election props, DFS, and whatever other attractive wagers the top political betting websites want to showcase.

Just make sure you maximize your betting value by picking the safest sites that offer a nice combination of versatility, value, and upside.

If you’re left with any questions about how to gamble on the presidential election, we have you covered with a post that should help.

Frequently Asked Questions for Betting on the 2020 US Presidential Election

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