Gambling is an absolute blast. It’s an incredible form of entertainment, tests the skills and patience of any player, and can be an overall rewarding and thrilling experience. In the end, it boils down to winning. After all, no one enjoys losing, and the main lure of casino gambling is the chance to win big on your favorite casino games.
Have you ever day-dreamed about how you could strike it rich playing at a casino? It might not be immediately apparent how to get rich playing high stakes poker, craps or slots games.
You’ve surely heard of the various casino guides, online strategies and gambling books that claim to teach players how to beat the house edge or hack the system. The truth is that it is easier said than done. Professional gamblers will tell you that it takes years of diligent practice and experience in order to see consistent returns from the casino.
However, the great news is that it is, in fact, possible. There is a lot of information out there as well as useful tips that help players gain the upper hand when it comes to hitting the casino floor. I’ll give you the ultimate strategy on how to get rich gambling.
1 – Skip the Slots
Anyone who enters a casino will without question have their senses bombarded by the beautiful chaos of slot machines that inhabit the casino floor. Their flashing lights and clinking of falling tokens lure players to insert their cash or game cards, and take a seat in front of the magical machines.
Slot machines promote huge megabucks and jackpot wins, but the reality is most often far less wonderful. Slots machines typically have the worst odds in any casino. Statistically, your likelihood of hitting it rich on a casino slot machine is extremely low.
Although you could technically win $1 million or more on a progressive slot machine, the odds are so astronomically high that you’ll have a better chance winning $1 million by wagering $100 on roulette and doubling your bet every time you win. Let that sink in.
Even roulette can fail you however, because in order to win a million you would have to win a whopping 17 times in a row. Although your odds of winning 17 times in a row in roulette straight bets are ridiculously low, they are still better than the odds for winning a slots jackpot.
According to the math, your chances of earning $1 million on a table game like roulette are about 1 in 120,000. Seems poor, but your chances of hitting a jackpot on a slot machine are a mind-blowing 1 in 3,000,000. Realistically, nobody should depend on slots for those big wins, but consistent small wins over time can increase your bankroll.
2 – Be Patient You Must
Channel your inner Jedi for this one and remain zen-like. This probably seems like a iveng, but one of the most important aspects of how to get rich gambling is to remain patient.
To break it down, the ability to attain consistent returns is about looking at the total sum of your wins, and not their amounts. It may take a while to utilize these strategies and get rich gambling, but the sure-fire way is by slowly growing your wealth.
Just like any Wall Street investor, gamblers will formulate their gambling strategies based on long-term goals. It is imperative not to rely on get rich quick schemes, as they are volatile and come with high risk.
These include making huge bets on games with high odds, like spending thousands of dollars buying scratch-off tickets or pooling hundreds of dollars into lotteries in hopes of cashing out on top with a huge win. This is a foolish endeavor because statistically the odds are against you. Patience is key; follow the more effective ways to win real money.
3 – Get High…Stakes
Start small, and make bets that have the best odds. Below I’ve listed the safest bets and casino games that have the lowest house edge. If you force yourself to place bets that have a higher probability of winning, this is a surefire way to gradually grow your bankroll. And as your bankroll increases, you can commit larger portions of it for tables that have higher limits.
Land-based casinos have high roller rooms that afford some border line insanely large bets. Although the wagering requirements vary from casino to casino, you need to have some serious credit or cash on hand to be able to play with the whales. I recommend avoiding these until you can afford to lose somewhere in the six-figures.
Search for table maximums that are reasonable. These can be as low as $50 at small casinos in Las Vegas, whereas large casinos can have table limits up to $10,000. The famed Golden Nugget in downtown Las Vegas for instance permits $15,000 bets, and the legendary Caesars Palace has three tables with bets between $5,000 and $50,000.
Back in the golden days of Vegas, at the famed Binion’s Casino, gamblers could make a one-time bet of any size as long as it was their first bet. The most famous case is that of William Lee Bergstrom, also known as the “phantom gambler”. He placed the largest bet in casino history (at the time) of $777,000 and won in a game of craps.
If you think you have what it takes then games like hold’em, baccarat and roulette are your best choice to increase your bankroll rapidly. Unfortunately, with great reward comes great risk. So if you’re willing to bet large sums of cash, keep in mind that you could hit a run of bad luck. Choose your tables and bets wisely.
4 – Pro Track
Professional gambling is a legitimate vocation, and many players that have the skills can make serious bank travelling the world attending the various table tournaments to compete for these enormous pots.
The most famous of these are the poker tournaments. Players like Phil Ivey, Daniel Negreanu and Gus Hansen have taken professional gambling to astronomical heights and can tell you that it’s very possible to become a millionaire if you have the inner resolve and the brain power to gamble like a pro.
Turning pro involves a culmination of balancing social dynamics, budget, harnessing talent, and betting wisely. This applies to all forms of gambling whether it is poker, dice, blackjack or even billiards for instance.
Turning pro also comes with some great fringe benefits. Casinos love to draw in players who have the habit of dropping large sums of money at their tables when gambling, and offer incredible incentives for such players; just ask Don Johnson. The casinos simply hope that these players leave a little lighter in the pocket.
5 – Bracelet Bling
If you’re a fan of poker, your best bet may be the World Series of Poker. Each year, thousands of players gather in Las Vegas to take part in the world’s most popular high stakes poker tournament. Last year, the jackpot at the WSOP main event was over $8 million. The runner-up earned roughly $4.7 million in winnings, and if you placed in the top 9, you would have earned at least $1 million. Not too shabby for a week’s wage.
Unfortunately, winning is extremely difficult. As a player, you go head-to-head against the best poker players from around the world. Averaging around 7,500 entries in the tournament annually, statistically your odds of winning come out to about 1 in 800.
However, these odds only apply if you are as equally skilled as your competitors. If you are up against someone like Phil Ivey for instance, your odds become significantly worse. Conversely, if you put in the time and effort practicing the intricacies of poker to become a master, you can dramatically increase your skills in comparison to the average player.
6 – Let It Ride
Modern problems require modern solutions. If you haven’t made a million yet based on the aforementioned tips, perhaps investing in a land-based or online casino is the way to go.
If you’ve built around $15,000 in capital, you might earn big if you invest in the casino industry. Real money online casinos are a good choice because statistically the online market is currently going through it’s largest growth spurt since its inception.
Online casinos are for sure the latest rage, and the numbers prove it as more and more players sign up by the hour to play their favorite online casino games.
Probably the most easily overlooked aspect of gambling, and the most sensible is money management. Bankroll management is what guarantees your longevity, and will help you hold on to your winnings once you start accomplishing consistent success. It is something you can do effectively. Never invest more than you are willing to lose when it comes to casino games.
Not everyone will strike it rich using these gambling strategies. Whether you make millions or not, you can still be extremely happy with your gambling experience by implementing the strategies into your game.
Maybe you’ll never be a poker pro, but by playing like a pro you will definitely increase your odds of leaving the casino with more than you brought. Gamble on.
Michael Stevens has been researching and writing topics involving the gambling industry for well over a decade now and is considered an expert on all things casino and sports betting. Michael has been writing for GamblingSites.org since early 2016. ...
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