What is a Professional Gambler?
A professional gambler is a person who makes their living entirely or mainly through gambling. Professional gamblers take a realistic living wage from their play, and often make a lot more on top of this. They use legal gambling methods and often employ legal betting systems to maximise their earnings, and they are able to manage wins and losses in order to achieve a profit.
Professional Gamblers may also be able to gain an advantage by having superior knowledge, or a knack for placing the right bets, at the right levels.
Professional Gambler Explained
While gambling is a fun activity or a casual hobby for most players, there are many people who are so successful at gambling, they are able to earn a good living from it. They spend the majority of their time gambling and they are able to make a good return on their investment through playing wisely and through using betting strategies or game analysis systems. Professional gamblers use legal methods to become extremely skilled at their chosen game, and they spend a great deal of time on gambling in order to achieve a good income from it.
In some countries, gambling is seen as legitimate income and earnings from gambling are taxed like any other wage would be. The United States is one example of this: players who gamble must submit records and returns to the IRS, and pay tax on any winnings. In places like the UK, gambling income is free from tax, making it easy for gamblers to make a sizeable profit on their bets.
Some gamblers, for example in sports betting, may have such good knowledge or analysis of their chosen field, that they can gain an advantage over the bookmaker laying the odds. Some professional gamblers are naturally good at maths, and can establish whether a bet represents good value or not.
Sometimes, professional gambler is heard in a negative context, describing a player who uses advantage play and other underhand methods to pick up their wins – perhaps even a cheating player, or a team of players who work together to cheat. The term is used sarcastically in this sense, implying that someone is making a living from their gambling play but not in an honest or fair way.