One of the paradoxes of life is that at first glance, gambling
for a living seems to be a carefree, easy, and unconfining way
to make a living. But appearances are seldom what they seem and
that is especially true of professional gambling. Successful,
profitable gambling is a process and not just luck.
Like any way of making a living, gambling requires hard work.
The more successful you want to be in life, the harder you have
to work at it. You can work hard without a plan and get some
results, though they may be mixed, or you can work hard with a
plan or strategy and get better results. The question is, how
much of a payoff do you want for that hard work?
If you don't want to waste time and all that hard work, I
suggest you plan your work (learning how to gamble) as well as
your gambling. The studying and learning are part of the job, so
you have to consider part of pro gambling is education. How you
get that education may vary. For some, a gambling mentor or
school is the way to go. Other people choose books, videos, and
other methods. While you can practice at the race track or
casino or sports book, practicing before you study can be very
costly.
Successful businesses usually have a business plan, in fact,
business experts say that a good business plan is the most
important tool for success in business. Since pro gambling is a
business (and if you aren't treating it that way, good luck
making a profit and luck is exactly what you will need) it only
makes sense to have a real written plan. The first part of that
plan should be a list of tools that you want to acquire or have
acquired to be a successful gambler. Write down what skills you
will need to be a success at your chosen gambling venue.
Obviously knowledge of the game, whether it is racing, sports,
or casino gambling, is a good place to start. To be successful
at a game or business you have to know it inside and out.
Knowing what tools (skills and knowledge) you will need and how
to acquire them is a good place to start. Also, writing down
some realistic goals is another requirement. If you don't know
what you want or expect, how will you figure out how to get it
or even know when you have attained it?
Money management is an absolutely essential skill that you need
to develop and practice vigilantly in order to succeed as a
gambler. If this is starting to sound like a lot of work and
somewhat confining and less free than you thought gambling would
be, welcome to the real world of professional gambling.
Everything should be written down in a business plan. It doesn't
have to be real complicated but it should be clear and give good
guidelines that you can follow. It is your business plan and you
can edit it any time that you want to. I advise you to write
your plan including goals, both financial and personal, starting
bankroll and where future more money will come from, as well as
what tools and skills will be needed. Next, start to budget your
time. How much time will be spent each day/week/month on book
keeping, learning, gambling? Also, and this is very important,
how much time will you spend reviewing your plan or gambling
strategy and also, finally, how much time will you spend on
other areas of your life such as family and relationship
commitments and responsibilities?
Let's not forget that gambling can be fun, but it also is work,
in fact, if you do it for living it can be more work than work,
if you know what I mean. by Bill Peterson
for a living seems to be a carefree, easy, and unconfining way
to make a living. But appearances are seldom what they seem and
that is especially true of professional gambling. Successful,
profitable gambling is a process and not just luck.
Like any way of making a living, gambling requires hard work.
The more successful you want to be in life, the harder you have
to work at it. You can work hard without a plan and get some
results, though they may be mixed, or you can work hard with a
plan or strategy and get better results. The question is, how
much of a payoff do you want for that hard work?
If you don't want to waste time and all that hard work, I
suggest you plan your work (learning how to gamble) as well as
your gambling. The studying and learning are part of the job, so
you have to consider part of pro gambling is education. How you
get that education may vary. For some, a gambling mentor or
school is the way to go. Other people choose books, videos, and
other methods. While you can practice at the race track or
casino or sports book, practicing before you study can be very
costly.
Successful businesses usually have a business plan, in fact,
business experts say that a good business plan is the most
important tool for success in business. Since pro gambling is a
business (and if you aren't treating it that way, good luck
making a profit and luck is exactly what you will need) it only
makes sense to have a real written plan. The first part of that
plan should be a list of tools that you want to acquire or have
acquired to be a successful gambler. Write down what skills you
will need to be a success at your chosen gambling venue.
Obviously knowledge of the game, whether it is racing, sports,
or casino gambling, is a good place to start. To be successful
at a game or business you have to know it inside and out.
Knowing what tools (skills and knowledge) you will need and how
to acquire them is a good place to start. Also, writing down
some realistic goals is another requirement. If you don't know
what you want or expect, how will you figure out how to get it
or even know when you have attained it?
Money management is an absolutely essential skill that you need
to develop and practice vigilantly in order to succeed as a
gambler. If this is starting to sound like a lot of work and
somewhat confining and less free than you thought gambling would
be, welcome to the real world of professional gambling.
Everything should be written down in a business plan. It doesn't
have to be real complicated but it should be clear and give good
guidelines that you can follow. It is your business plan and you
can edit it any time that you want to. I advise you to write
your plan including goals, both financial and personal, starting
bankroll and where future more money will come from, as well as
what tools and skills will be needed. Next, start to budget your
time. How much time will be spent each day/week/month on book
keeping, learning, gambling? Also, and this is very important,
how much time will you spend reviewing your plan or gambling
strategy and also, finally, how much time will you spend on
other areas of your life such as family and relationship
commitments and responsibilities?
Let's not forget that gambling can be fun, but it also is work,
in fact, if you do it for living it can be more work than work,
if you know what I mean. by Bill Peterson
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