Simon’s Guide to Making Money Like A Professional Gambler
How to make money gambling, like a professional gambler
For years I assumed – like most gamblers – , that there are no working, mathematically-proven, reliable ways to make money gambling. I assumed, that it is inevitable to lose money on the long-run and there is no way to overcome the house edge (check the bottom of the page for a definition of the house edge if you don’t know what it is).
I was wrong.
I realised in college that you can indeed make money gambling.
And the secret is: advantage gambling methods.
Advantage gambling methods are tested and reliable practices used by professional gamblers to gamble profitably in the long run. The effectiveness of these methods are proven by the sheer existence of professional gambling, as a means to earn a living.
Professional gambling using advantage gambling methods
I found a way to make money gambling online using a method called “casino whoring” (read about how I made money gambling online with casino whoring).
Although, I did not myself become a professional gambler after that, It helped me tremendously at that time. I could pay my way through college without piling up mountains of debt.
That has been more than 7 years and now and I know a lot more about gambling.
And I have tried out many more ways to make money gambling.
Let me show you these methods.
Get a taste of whats it like to make money gambling like a professional gambler!
Advantage gambling methods sorted by casino type
Not every advantage gambling method works in every type of casino. If you are serious about making money gambling, then first you need to understand which method works in which type of casino.
Professional gamblers using advantage gambling methods sort the casinos the following way :
- brick & mortar casinos
- online casinos
- live dealer online casinos
- bitcoin casinos
Let’s see which method works in which casino!
Proven, tested, working methods to making money gambling like a professional gambler
I have compiled this list of all the working, tested advantage gambling methods to help players to make the most out of their gambling experiences and learn how to make money gambling.
Using these methods and practicing, you too can become a professional gambler.
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Advantage gambling methods used by professional gamblers
If you master any of these, you might have a chance to make money like a professional gambler.
Card counting is the most popular advantage gambling method.
Card counting is most often used while playing Blackjack and Baccarat but theoretically it can be used while playing other card games as well.
Card counting is based on statistics and probability. There are sets of cards in the game, which benefit the player more, and there are sets of cards, which benefit the dealer more.
Card counting is about keeping track of cards already in the game and trying to figure out how the probability of the cards – which benefit the player more – change as the game progresses and adjusting your strategy accordingly.
- card games are available in every casino
- can be used online (in live dealer casinos) and offline
- can be done in teams to avoid detection
- high earning potential
Continuous Shuffling Machines (CSMs, here is a picture of one) allow dealers to return the cards played to a single shoe, which make it possible for cards that were just played on the table to be re-shuffled to the top of the shoe. This makes all card-counting schemes useless.
- you can be banned for doing it
- hard to master
- software and trained dealers detect card counting easily
- you have to learn to mimic the natural pattern as close as possible to avoid detection
Name: Dr. Edward O. Thorp
Amount won: $5 million total estimated
Thorp is on of the most famous professional gamblers in the world and the father of card counting. Not only was he successful using it in real-world situations, he was the one who invented the original system. A mathematics professor who possessed a master’s degree in physics and a doctorate degree in mathematics, he clearly had above-average intelligence.
Thorpe was introduced to Blackjack in the 60s by a friend, Claude Shannon and after playing a few hands in Vegas he became convinced that there was a mathematical way in which the player could gain an advantage. He started to systematically study an examine each and every facet of he game and in the end he came up with a system that is the basis of pretty much every card counting methods even today.
Thorp delved into the life of a professional gambler. He and Shannon hit the casinos and would return with their pockets filled with cash. One typical weekend would net $70,000 in today’s money. Even though nobody knew how he was doing it, after all, card counting did not yet exist back then, he’s winnings attracted the attention of casino bosses and he got banned from several casinos at that time.
In 1962 Thorp wrote his book “Beat the Dealer”, a classic in its field and a must-read for every professional gambler. In the book, which became an instant best-seller he presented the details of his card counting “ten count system”.
After making piles of money as a professional gambler, Thorp applied his mathematical genius to the stock market and made a huge fortune in securities and hedge funds. Due to his dominance over the casinos and revolutionary thinking, Thorp was one of the first seven inducted into the Blackjack Hall of Fame.
Shuffle tracking is an advanced advantage gambling technique used in conjunction with card counting. As the name suggest it is all about keeping track of certain cards or series of cards through subsequent shuffles.
- hard to detect by casinos
- 0.225-0.9% player advantage
- does not always work
- even harder to learn than card counting
- knowing card counting is a prerequisite
Name: Arnold Snyder
Amount won: unknown
Arnold Snyder is a professional gambler and gambling author. He was elected by professional Blackjack players as one of the seven original inductees into the Blackjack Hall of Fame which is hosted at Barona Casino in California. He received the nomination for his record as a Blackjack player and his innovations in professional gambling techniques.
He’s name is heavily associated with shuffle tracking, as he also authored the Blackjack Shuffle Tracker’s Cookbook in the nineties, in which he presented a mathematical analysis of shuffle tracking methods and their profitability for a professional gambler.
However, shuffle tracking is widely recognised as a too-hard-to master and too error-prone method for any professional gambler to exploit systematically and profitably in the long run.
Snyder is still authoring and still gambling to this date, however, whether he actually uses shuffle tracking is unknown.
Dice control (also called controlled shooting and dice setting) is an advantage gambling method used in casino craps games.
Proponents of dice control claim that by using a variety of techniques, one can influence the outcome of a dice toss, and one can overcome the house advantage.
- not as well known as card counting
- harder to spot and detect by casino employees
- craps already has one of the lowest house edge
- very hard to master
- gives very little player advantage
Name: Dominic LoRiggio
Amount: $ 500,000
Date: still ongoing
“The Man With The Golden Arm” and “The Dominator” are LoRiggio’s nicknames as a professional gambler. Through years of practice, hours at a time, LoRiggio learned “controlled shooting” which is a technique of getting the rolls you needs in the game of craps when you need them.
The method involves setting the dice a certain way, gripping them precisely, tossing them so they stay together in the air, then having them land as gently as possible against the back wall of the craps table. He began professional gambling with fellow dice control aficionados in the team known as Rosebud, and together they were the first to attack the Vegas strip with their specialised way of shooting.
LoRiggio eventually left the group because he felt their steadfast adherence to conservative betting was restraining him from making serious money. He teamed up with famous professional gambler and writer Frank Scoblete, and using controlled shooting they have claimed to have won thousands of dollars at various casinos. Although nothing LoRiggio has ever done is illegal, thanks in large part to him many casinos now identify controlled shooters and will force them to shoot the dice using different mechanics.
LoRiggio now conducts dice throwing classes so if anyone wants to learn how to win thousands of dollars or become a professional gambler, sign up! However, its months – perhaps years – of practice to master dice control.
Every roulette table is manufactured to precise and strict standards. However, in reality each roulette table is unique and there are slight differences between them.
Older roulette tables can have a bias towards a certain number or zone.Finding and exploiting this bias is called wheel bias.
Wheel bias is the only Roulette advantage gambling method (beware, Roulette systems don’t work, don’t be scammed).
- reliable if you discover a bias
- hard to detect by the casinos, hard to detect that you are using wheel bias to your advantage
- requires days of meticulous analysis of a few select roulette tables
- hard to find a biased roulette table
Name: Gonzalo Garcia-Pelayos
Amount: $ 1 million
In the early 1990s, Gonzalo Garcia-Pelayo, who, was at that time a record producer, and certainly not a professional gambler hunched, that casino roulette wheels were not perfectly random. He was not the first one to suspect, but he was the first one to actually prove, that small differences between roulette wheels can be taken advantage of. By recording the results and analysing them with a computer, he could gain an edge on the house by predicting that certain numbers were more likely to occur next than the 1-in-36 odds offered by the house. He used this method at the Casino de Madrid in Madrid, Spain, winning 600,000 euros in a single day, and around one million euros in total.
The casino tried to sue Gonzalo. However, legal action against him by the casino was unsuccessful. It was ruled that the casino should fix its wheel and it is not cheating.
Because of Gonzalo’s widely publicized actions casinos laser scan their roulette wheels to try to keep them uniform. This reduced the occurrence of wheel bias greatly around the world but did not eliminate it entirely. Wheel bias is the only working method to eliminate the house edge and make money playing roulette.
After every casino in Spain knew he’s method, he went to the US and made some more money in Vegas. Although, he still bets on horses and sports as a hobby, he ditched being a professional gambler long time ago and nowadays focuses more on his work as a film director.
“Angle shooting” is another type of advantage play. “Angle shooting” refers to legal but possibly unethical ways to beat card games.
In short: using unfair tactics. Angle shooting is most often used in Poker and online Poker but technically, angle shooting is possible in all card games. However, when it comes to advantage gambling methods, it’s not the first choice of a professional gambler, due to it being morally dubious, to say the least.
Angle shooting is used mostly in Poker and online Poker.
- working ,reliable method of gaining advantage under special circumstances
- does not give you a lot of advantage
- can only be used under special circumstances
- ruins your reputation (especially in Poker)
Angle shooting is not cheating in the traditional sense. If you’re curious about how you can actually cheat at certain card games, or spot cheaters, check out my guide on how to cheat at Poker and spot cheats.
Name: Archie Karas
Amount: $50 to $40 million
Karas drove to Vegas with $50 in his wallet, which he turned to $17 million playing poker and pool. It all started at Binion’s Horseshoe in 1992, he started gambling and went on a hot streak. Many professional gamblers and poker players seen Archie Karas play with stakes never seen before. Karas ended up winning $17,000,000.
Karas, although not exactly a professional gambler in the traditional sense, continued to beat many top players, from Doyle Brunson to Puggy Pearson to Johnny Moss. Many of them would not play him simply because his stakes were too high. The only player to beat Karas during his run was Johnny Chan, who beat him for $900,000 after losing to Karas the first two games.
The Poker action for Karas had mostly dried up due to his reputation and stakes. He turned to dice rolling for $100,000 on one roll and playing high-stakes pool.
By mid-1995, Karas lost all of his money in a period of three weeks. He lost $20 million playing dice and then lost the $2 million he won from Chip Reese back to him. Following these losses he switched to baccarat and lost another $17 million, for a total of $30 million. With $12 million left and needing a break from gambling, he returned to Greece. When he came back to Las Vegas, he went back to the Horseshoe shooting dice and playing baccarat at $300,000 per bet, and in less than a month, lost all but his last million. As a professional gambler, he’s attitude was not exactly professional (sorry for the pun).
Comp hustling is the offline’s world equivalent of “casino whoring” , “bonus hunting”. The idea is to gamble very slowly and on low house edge games like casino craps and penny slots and only increase the amount you bet when a pit boss a floor manager checks you out to evaluate you for comp points. Comp hustlers may also take frequent breaks from playing, play at full tables to be dealt fewer hands per hour, and play more slowly.
The value of the comps you receive should be greater, than your losses.
Many different techniques and comp hustling strategies are used by professional gamblers, some have even wrote books about it. What works and what does not varies from casino to casino.
- you can get your player status upgraded if you do it right
- it is definitely a working method if you know what works in your casino
- they can ask you to leave
- it is not guaranteed to work in every casino
- it is not guaranteed to work all the time
- you are not receiving money but you are receiving value in comp points
I am not myself familiar with the practice of comp hustling, however, I can recommend Comp City by Max Rubin, who is the actual “inventor” of the method! It as a niche classic, and if you’re interested in advantage gambling, it’s definitely worth reading.
Name: Max Rubin
Max Rubin, a professional gambler, successful card counter and Blackjack player is the author of the 1994 book Comp City. In this book he explains the method called comp hustling, that he discovered in the nineties when playing in advanced Blackjack teams as a professional gambler.
He learned and studied all the intricacies of what made comp systems work and figured out a way to beat it. The basis of the book is how to play with an advantage against the casino without counting cards or doing anything else. Simply by being a basic strategy player, but instead of winning money you’ll win stuff. With this technique, Rubin introduced a new, revolutionary way how professional gamblers can approach Blackjack.
In 1999, Rubin quit being a professional gambler, however, he’s reputation in the gambling community remains. In 2004 he was selected to become a member of the Blackjack Hall of Fame, along with legends like Dr. Edward O. Thorpe, the father of card counting and Peter Griffin, the author of the niche classic, The Theory of Blackjack.
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.
The jackpot will grow to such a size, that the cost of spins it take to get it will be smaller, than the jackpot.
The problem is knowing and calculating when this “break-even” point has been reached, but as a thumb rule, if you are playing slot machines go for massive progressive jackpots offered.
- you can win a lot of money this way
- the only working method, which gives a player advantage playing slots
- we are talking about 30-46 hours of constant playing of slots, at the same machine or online, that’s just inhumane
- you will probably run out of money sooner than before you hit the jackpot, unless you have hundreds of thousands of dollars to play with
- it is very hard to know for sure and to calculate the “break-even” point
Name: Peter Liston
Amount: unknown, allegedly millions
Peter Liston is an accountant, turned professional gambler from Australia and the author of the book Million Dollar Slots, in which he explains how he figured out a method that allegedly made him millions from mere $500. The book is a detailed memoir of how he discovered a way to take advantage of progressive jackpots offered by casino slot machines.
The method earned Liston the title of a professional gambler, as it offers a mathematically proven, feasible solution to turning playing slot machines into a profitable activity. The book does not hand the reader the silver bullet, only shows what to look for and how to start thinking about making slots profitable. Slot and jackpots systems vary from casinos to casinos and any mathematical method needs to be based on careful planning and analysis.
It is, nevertheless, a mathematically feasible model and worthy of the attention of anyone interested in becoming a professional gambler.
I also found an interesting thread on reddit, where a guy claims he was a professional gambler for 5 months, paying his bills playing slot machines. The thread is intriguing and by the answers he gave to commenters, he looks legit.
And lastly casino whoring. This is how I made $ 1200 from just $ 25 in a day.
Casino whoring is all about seeking out the best bonuses offered by online casinos (mostly available to new players, welcome bonuses) and using to your advantage to reduce and in certain cases eliminate the house advantage and then repeating the process all over again. Sadly casino bonuses – because of people like me and other casino whores – have become very uniform and heavily weighed in the casinos’s favor. I can no longer advise trying to make money this way. You will be hard-pressed to find any casino bonus offer, which gives a player any advantage.
You can find the best casino bonuses here, preselected for casino bonus hunters.
- small but steady source of winnings
- small initial investment required
- takes a long time
- you need to find the best casino bonuses (you can find them here)
- welcome bonuses are the best and there is only a limited number of online casinos available so if you are registered at all of them that’s that, finite possibilities
Casino bonus hunting has it’s own separate page. You can find much more about casino bonus hunting here (it’s under the casino bonuses listed).
During college I supported myself as a professional gambler using the method called casino whoring or casino bonus hunting. If you’re interested about the details of how I made couple of thousands of dollars this way, check out my Definitive Casino Bonus Guide.
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If you want to learn more about how to become a professional gambler, check out my Definitive Casino Bonus Guide to get started.
If you are ready to practice, check out Simon’s Free Casino, where you can play with 500+ free casino games, without registration.
Last updated: 2015 10. 21
Gamble responsibly! Good luck,