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The dream of many gamblers is to be able to quit their boring regular job and gamble for a living. They know that some people do it, so why can't they do it to?

The truth is that many people try to make a living by gambling full-time, but only a small percentage of gamblers are able to do it. You'll face many challenges, but if you can take the pressure and learn how to make the correct wagers, the dream can be real.

I've put together a step-by-step plan of how to make $50,000 a year gambling. It includes everything you need know, including the good and the bad.

$50,000 isn't a random number. I chose it because it's $1,000 a week if you take two weeks off during the year. Some people would be happy gambling for a living and making $1,000 a week. Others might want or need to make more.

The key thing to understand is if you can build your skills to the point where you can make $50,000 a year you can probably keep working and increasing your bankroll so you can make more.

In 1997, David Sklansky and Mason Malmuth of Two Plus Two Publishing, released a book titled How to Make $100,000 a Year Gambling for a Living. It isn't one of their most popular books, but it shows that there's a market of people who want to know more.

The good news for you is you can find out everything you need to know on this page for free, so you don't need to buy the book.

Bankroll

If you want to make a living gambling you have to have a bankroll. All forms of gambling have ups and downs, and nothing you do is going to cause you to win all of the time.

Your bankroll is the life blood of your gambling career. If you don't have any money to risk, you can't make any money.

It's important that you have enough money so you can ride out the winning and losing streaks and let the long-term edge work in your favor. The first mistake most would-be professional gamblers make is not having a large enough bankroll.

You need to have enough money in reserve to live on while you build your bankroll enough to ride the ups and downs, and eventually start taking profit from it.

In the case of making $50,000 a year, you need to be able to take $1,000 out of your bankroll every week. This means that your bankroll needs to be big enough to make bets large enough to make this much money with the edge you create.

The required bankroll depends somewhat on the variance in the gambling activity you choose. The three realistic gambling activities for professional gamblers, each with their own section below, include blackjack, poker, and sports betting.

The required bankroll for each varies, but you can follow some guidelines to help you get a good idea of how much you need. I cover these guidelines in each of the game sections below.

Finding an Edge

In order to make $50,000 a year gambling, you have to find situations where you can get a long-term edge. Casino and gambling games are designed to give the house an edge. So your choices are limited when it comes to finding an edge.

Blackjack is designed in a way where the house rules change the edge. It also is played with a specific set of cards. This gives you an opportunity to keep track of the ratio between high and low cards and vary your bet sizes so you can get a long-term edge. This is called card counting, and you're going to learn more about it in the blackjack section.

Poker is a unique game in gambling, because instead of playing against the house, you play against the other players and the house takes a small cut from each pot. This creates an opportunity where you can get a long-term edge if you can play better than most of your opponents.

Sports betting is the other area where a few people are able to create a long-term edge. The betting lines are set by the bookmakers and sometimes change based on the amount of money bet on the game.

This can create opportunities for smart sports bettors to find games that offer value on one side or the other. If you can identify enough games with value and can bet enough on each game you can turn a long-term profit.

Other possibilities to find an edge include a few video poker games and other advantage play opportunities like arbitrage, hole carding, shuffle tracking, and ace tracking. These are more difficult in many cases than the three gambling opportunities listed above.

Some gamblers are able to combine two or more opportunities to get an edge, but you should focus on mastering one area before looking to add a second and third option.

The Numbers

The numbers behind making $50,000 a year gambling are fairly simple, but they also show why most players fail to make a living.

If you learn how to count cards playing blackjack, you can usually achieve a long-term edge of between a half percent and one percent. Knowing this, we can determine how much you need to wager each week to reach your goal of $1,000 in profit.

If you want to make $1,000 a week in profit playing blackjack with a half percent edge, you have to make $200,000 worth of bets per week. This means that if your average bet is $100, you have to play 2,000 hands. At an average of 50 hands per hour, you need to play 40 hours per week.

This seems like a realistic number at first, but card counters have a hard time playing in the same game and at the same casino for too long. When the casino figures out that you're counting cards, they stop you from playing.

Also, blackjack players that average $100 per bet are watched closer than ones that make lower bets. But let's look at a few different situations.

If you can get a 1% edge, you can play 20 hours a week with an average bet of $100 and get the same outcome as playing 40 hours at a half percent. Or you can play 40 hours with an average bet of $50 with a 1% edge.

It's not easy, but with the proper bankroll and card counting skills, blackjack is a real possibility.

Poker gives you the opportunity to play as many hours per week as you want to, because the casino or poker room doesn't care if you win or lose. Good poker players can win one big bet per hour in limit games, so if you play 10 / 20 and play 50 hours per week you can grind out $1,000 in profit.

Good no-limit players can win more per hour in some situations, so you might be able to turn a $1,000 profit playing $500 buy-in no-limit Texas hold'em playing fewer hours. It's even easier for a good player to make $1,000 a week in $1,000 buy-in games.

For these reasons, poker is the best option for many players who want to make a living gambling.

In many ways, sports betting is the most challenging of the three possibilities for gambling for a living.

The profit margins for winning sports bettors are usually thin, and large amounts of money must be bet in order to show enough profit to make a living. As a sports bettor, it's almost impossible to win over 55% of the games you bet on in the long-run, and the vig takes a chunk of your profit.

In order to make $50,000 a year, you need to win $4,167 a month. If you can find 100 games a month that offer value and win 55 of them, here's how the numbers work out:

If you bet $1,100 on each of the 100 games for the opportunity to win $1,000, your total investment is $110,000. On the 55 bets you win, you get back your $1,100 and the $1,000 win. This means your total return is $115,500.

This creates a profit of $5,500 for the month. It sounds like a workable situation, but there are a few challenges. The first challenge is finding 100 games a month that offer value.

The second challenge is the short-term variance and how it can hurt your bankroll and profit. If you only win 50 to 52 out of 100 games, you lose money for the month. And if you only win 53 or 54 of the 100 games, you don't make much.

• If you win 50 games you lose $5,000.
• If you win 51 games you lose $2,900.
• If you win 52 games you lose $800.
• If you win 53 games you only make $1,300 for the month.
• If you win 54 games you make $3,400.

And when you have a month where you lose money or don't make enough to cover your bills, you still need to pay the bills. This money has to come out of your bankroll unless you have money put back for expenses.

Of course, if you're a good sports bettor, you're going to have months where you win more than 55 games, but don't count on this happening often.

If you can't find enough games to bet on each month, you need to bet more per game. This is usually a better strategy because it's easier to find games that offer value if you don't need to find so many of them. But it also means you need a bigger bankroll to safely make larger bets.

Playing Full Time and the Grind

It's fun to play blackjack or poker or bet on sports in your spare time. But it can quickly become a grind if you have to do it to pay the bills. Many players find that it's as bad as a job when they're forced to pay hour after hour to grind out a living.

Let's say you learn how to be a decent poker player but can only make $10 an hour. If you want to make $1,000 a week, you have to play 100 hours. It's possible to play 100 hours a week but it's hard on you mentally and physically and you're probably going to burn out quickly if you try to do it.

Card counters often need to spend as much time looking for games and moving from game to game as they do playing. So if you need to play 40 hours a week to make $50,000 you might spend another 40 hours finding games and keeping from being thrown out.

In the last section, you learned how many games you need to bet on each month as a sports bettor, so it can be a full-time job evaluating and betting on games.

I'm not telling you to forget your dream of gambling for a living, but you need to be aware of what you're getting into. If you don't have a large bankroll that lets you make larger bets, you're forced to spend more time gambling.

A good poker player playing $1,000 or higher buy-in no-limit games will be able to make $1,000 a week faster than one playing $200 or $500 buy-in games. And a sports bettor who can bet $5,000 a game or more doesn't need to find as many games offering value as one betting $500 a game.

The constant stress of playing with an edge and needing to make a certain amount of money each week can take a toll on you. Make sure you're mentally and physically prepared for the grind before you start. Gambling for a living isn't for everyone, even if you have the skills to do it.

Blackjack

If you want to make a living as a blackjack player, you need to learn how to count cards. It's not as difficult as many people think, but you also need to be able to do it in a way that keeps the casinos from figuring out what you're doing and have a large enough bankroll to survive the downswings.

Even the best card counters have losing days and weeks. The edge is so small that short-term variance can and will go against you often. This means that you need to be able to keep playing the way that gives you a long-term edge no matter what happens.

The amount of money you need in your bankroll to make $1,000 a week in profit involves many variables. This isn't an exact estimate, but I wouldn't try to do it with less than $20,000 if the average bet is $100. $50,000 is even better.

The mechanics and how-to of card counting are deep subjects. Dozens of books have been written covering the subject, and thousands of pages of information are available. I suggest learning about the Hi Lo counting system or one of the unbalanced systems like the K O or Red 7.

The basics behind every card counting system are tracking the ratio of high and low cards remaining in the shoe or deck. You raise your bets when the ratio is rich in high cards and lower your bet when more low cards remain than high cards.

This is done by adding and subtracting a small number, usually one, from a running count. Just about anyone can learn to be a card counter with a little effort, so don't be afraid to look into it.

You also need to learn about camouflage, which helps you learn how to count without getting caught.

Poker

Just like blackjack, you can find a wide range of books that can help you play winning poker. It also is a game that lets you get started with a smaller bankroll than blackjack or sports betting. For these reasons I always suggest poker to anyone who thinks they want to try making a living gambling.

To be a winning poker player you simply need to learn how to play better than most of your opponents. Realize that this means that you can try to find worse players while improving your game at the same time.

Here are some rough bankroll guidelines for poker players. You need to understand that until you learn how to be a winning player, no bankroll is large enough.

For limit poker you should have 200 to 300 times the big bet. For no-limit ring games you need 20 to 30 times the buy in amount for the normal game you play.

This means that if you play 10 / 20 limit Texas hold'em or Omaha you should have between $4,000 and $6,000. $10,000 is even better.

If you play $500 buy-in no-limit games you should have between $10,000 and $15,000. Once again, more is better, so $20,000 is even safer.

You can also specialize in tournament poker, but the ups and downs tend to be bigger in tournaments. I suggest having a big enough bankroll to buy into at least 20 tournaments at the average buy-in you play.

I suggest learning how to play winning limit Texas hold'em or Omaha first. Mistakes cost less in limit play, and as your skills progress, you can start consistently winning a percentage or multiple of the big bet every hour on average.

Once you master limit play you can consider playing no-limit or pot-limit, but you might find it more profitable to play higher limits and stick with limit play.

Sports Betting

You've already learned why sports betting can be beat, and the challenges that sports bettors face in finding enough games that offer value, as well as why you need a big bankroll. In this section, I'm going to get into more details about the size of your bankroll.

Most recreational sports bettors place bets of $100 or less per game. But it's almost impossible to make a living with small bets, even if you can evaluate games and find value.

I don't recommend trying to make a living as a sports bettor until you can afford to make $500 or $1,000 bets per game. I also recommend betting a maximum of 1% of your total bankroll per game. This is a conservative suggestion. But remember that your bankroll is the life of your career as a professional gambler.

This means that you need a $50,000 bankroll to make $500 bets and $100,000 to make $1,000 bets. Some bettors are good enough to stretch their bets to 2% of their bankroll, but I don't recommend trying it until you have a long track record of successful results.

Health Care and Benefits

When you gamble for a living, it's just like when you own your own business. You don't have health care and other benefits that some jobs offer.

This means that you're either going to need to have health care provided by your spouse or purchase it. This can be a large expense, and if you need to buy health care, you might need to be able to win more than your original goal.

Before you start your professional gambling career, consider your options and find out how much things are going to cost. If you're young, you might be tempted to go without health insurance, but this can be a costly gamble.

The other thing you need to think about is that if you don't play, you don't get paid. You can take time off whenever you want, but the bills don't go away and you don't have any income when you take a break.

You also don't have retirement benefits that many jobs offer. You need to put some money away for your retirement as you earn.

Can you make a living as a full-time professional gambler? Many players can. But the real question is should you try to do it? Only you can answer this question, and it's not simple.

After reading this page about how to make $50,000 a year gambling, you know how to get started and the many challenges you face. You can use what you just learned to decide if you have what it takes to be a professional gambler.

Super Bowl betting and making money are synonymous. You need to find the right bets and be on the correct side of them, but to say there are endless ways to make money betting on the Super Bowl is an understatement.

It seems the top Super Bowl betting sites push the envelope every single year, too.

Just when you thought you knew of all the ways to make money from Super Bowl betting, the best sportsbooks surprise you with new props.

Old or new, though, the point is there will be plenty of ways to bet on Super Bowl 55 and win money.

If you’re not totally familiar, join me as I break down the best ways to make money betting on the 2021 Super Bowl.

Before you can make money betting on Super Bowl 55, you need to find the best spot to do so. There are a lot of different Super Bowl betting sites and apps, and they all have something to offer.

Some carry risk or aren’t easy to trust, or maybe they just don’t offer great wagers or odds. Whatever the case, you want to like where you bet on Super Bowl 2021, and you certainly want to feel comfortable with that betting site.

Stick with the best Super Bowl 55 betting apps and sites above, and I think you’ll be good to go.

So, how does using the best 2021 Super Bowl betting sites help you make money? Pricing, my friends.

The best Super Bowl LV betting websites are understandably going to offer competitive pricing. The more you frequent the top sites, the better chance of getting the best price available.

Here’s a quick example.

Most sites are posting this bet at -115, but what if you could find a reputable Super Bowl betting site listing Mahomes at plus money?

Assuming you think Mahomes is the winner, how do you not make that bet? Right there, without any real strategy, you’re making money betting on the Super Bowl.

You still obviously need Mahomes to win the MVP award, but by betting at the site offering +100, as opposed to -115, you’re automatically making more money by choosing the site offering superior odds.

This goes right along with picking the right sites to bet on the Super Bowl and is relatively self-explanatory.

You can make money betting on Super Bowl 2021 just by picking the right site, but you can make even more money if you use sites offering top-shelf bonuses and promotions.

Our Super Bowl 2021 betting guide touches on this in greater detail.

Super Bowl 55 Betting Guide for Beginners - How and Where to Bet on the Super Bowl in 2021

The Super Bowl is the biggest game in the biggest sport in America. It’s no wonder that Super Bowl betting breaks new records every year. Placing wagers on the big game is easy if you know how, especially when using gambling apps or online sportsbooks....

Most Super Bowl betting websites will offer some type of sign-up or Super Bowl-specific bonus.

Take advantage of that to enhance your bankroll in some manner, and also hunt down other bonuses and Super Bowl promos that reward you for betting on the big game.

You’re risking cash anytime you bet, and you only get back what you win. By using promos and bonuses, the earnings only get bigger.

Okay, now we can get into the actual act of placing Super Bowl 2021 bets that can win you money. The most obvious and one of the more popular options is simply betting on who will win the 2021 Super Bowl.

For this bet, you just find the best moneyline available and bet on the team you think will win.

Here’s how the pricing shakes out at the top Super Bowl 55 betting sites at the moment.

This is easily one of the easiest ways to make money betting online when it comes to Super Bowl 55.

Most Super Bowl LV betting sites have very similar pricing, so it’s quite arguable the difference in pricing doesn’t matter that much. If you really value one site over the other and the difference is +143 to +145, I don’t think you’re going to bet on a site you like less.

As for figuring out the right bet, that’s totally up to you. However, Michael Wynn and I did break down compelling arguments for both sides going into the 2021 Super Bowl.

Not sure who will win Super Bowl 55? Don’t love the pricing? Maybe you just don’t want to put a bunch of money on the line for such an absolute wager.

After all, if you’re wrong, you win nothing.

You can make a similar Super Bowl 55 bet without as much risk, and that’s betting on the point spread. The current Super Bowl 55 point spread is at 3 or 3.5, depending on where you like to bet.

For a point of reference, here’s how the spread looks at BetUs.

Obviously, you want the spread thicker to bet on Tampa Bay and thinner to bet on the Chiefs.

That could help you decide where to bet on Super Bowl 55, but as I mentioned, I personally wouldn’t let it dictate things too much.

Check out these tips for betting on football point spreads if you’re new to the wager. To put it simply, though, you’re just betting on if a team can keep a game within a set amount of points or if the favorite can win by a set amount of points.

So, why bet on the Super Bowl 55 point spread rather than just predict the winner? Because you might love the Buccaneers but aren’t totally sold, they actually win.

Or you may like Kansas City, but betting on the Chiefs to cover offers more betting value than getting them as the winner. A pretty clear example is that BetUs spread above has KC at -115, while their moneyline there is -165.

If the Chiefs can win by four, that may be enough of a difference in price to get you on that bet.

However, you opt to exploit the Super Bowl 55 point spread is up to you. You can attach it to moneyline bets, or just pick one or the other.

Personally, I like to shop alternative lines. The Buccaneers at +7.5 files in as one of the safest Super Bowl 55 bets for me.

Bet on the Super Bowl 55 Game Total

Another extremely popular way to make money betting on Super Bowl 2021 is to bet how many points will be scored in the game.

This refers to the amount of points going “over” the game total or going “under.” For Super Bowl 55, most sportsbooks have this total hanging right around 56 or 56.5.

You obviously have a 50/50 shot at picking the right side, which gives you a reasonable chance at a winning Super Bowl bet.

There is a certain amount of research that can help you profit from this wager, too. Here are a few things I’d definitely consider before placing a bet on the Super Bowl 55 over/under.

• Over/Under Record in respective team’s games
• Past meeting game totals
• Offensive upside
• Defensive ability
• Team scoring average
• Plays per game

I am sure even more can go into it, but this is typically what I look at the most when trying to project game totals.

If you have one or two elite defenses, teams that play slow, and/or teams that don’t typically put up a ton of points, the Under is going to look quite attractive.

For Super Bowl 55, though, both of these offenses are stacked. Tampa Bay and Kansas City both resided in the top-5 for points per game on the year, Kansas City owns the league’s #1 passing offense, and the previous meeting resulted in a cool 51 points.

I’ll let you decide how that sways things in trying to make money betting on the Super Bowl 55 game total, but it’s clearly a great bet to consider.

Whether you attack the more popular Super Bowl bets or not, you can always break off into the alluring world of Super Bowl prop bets.

The most basic way to bet on Super Bowl props is to just target props dealing with the game itself.

They are virtually endless, but they can deal with some of the following.

• Scoring by quarter
• First half/Second half scoring
• Total yardage
• 4th downs converted
• Penalties committed
• Time of score
• Exact score

This is just scratching the surface, as basically any part of the game you’d want to bet on can be bet on when it comes to the Super Bowl.

I won’t do a deep dive into all the game props that can make you money during Super Bowl 2021, but that’s definitely a great way to profit from the big game.

This is just as extensive as betting on Super Bowl 55 game props, but it deals with individual players only.

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All of the top stars from either side are on the table here, and you can bet on any number of player stats, milestones, or over/unders.

There’s all kinds of wild Super Bowl player props that can change based on the year and the players involved, too.

Here’s an example of player props you can target at most Super Bowl 55 betting websites.

• Patrick Mahomes Passing Yardage
• Tom Brady Touchdown Passes
• First Player to Score a TD
• Tyreek Hill Receiving Yardage
• Travis Kelce vs. Mike Evans: First Touchdown

Betting on Super Bowl player props adds a little extra excitement to Super Bowl Sunday, and it’s a somewhat more appealing bet style.

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Why? Because how the game actually plays out doesn’t necessarily have any bearing on whether or not your player prop can hit.

Game flow can play into how you bet on NFL player props in the Super Bowl, but your props can convert no matter what happens in the game.

There is still a bit of a science to picking the best Super Bowl 55 player props, but that process and the actual picks are ultimately fairly subjective.

Okay, so this is literally still just another player prop for the Super Bowl, but it’s also kind of its own thing entirely.

Unlike most Super Bowl player props, however, this one kind of depends on how the game goes.

Only once in history has the Super Bowl MVP come from the losing side, while the award is notoriously dominated by the quarterback position.

Seriously, take a look at Super Bowl MVP awards won by position.

That is damning evidence. Also, the next closest position is a tie between running back and wide receiver, both of which got a whopping seven.

Suffice to say, barring something wacky, you’re betting on a quarterback to win this thing.

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For the 2021 Super Bowl specifically, that brings you to Tom Brady or Patrick Mahomes, but there’s also a bet out there (-350) to just bank on a quarterback claiming it.

Whatever way you go, the point is you’re betting on the Super Bowl 55 Most Valuable Player.

Their team almost certainly needs to win, they probably need gaudy stats in the game, and they had to be a key reason for their team’s success.

In a Super Bowl like this year’s – where the game has a high total and two loaded offenses – betting on anything, but one of the quarterbacks doesn’t make a ton of sense.

Lastly, if you don’t love how you can make money betting on Super Bowl 55 on sports betting sites, then just take the whole process into your own hands.

Hosting a party, or just watching the big game with your family? Use our free printable Super Bowl 55 prop bet sheets and fill out your answers before the game starts.

You still get all of the fun of betting on the Super Bowl, but you can decide precisely how it’s done, what you bet on, and what’s at risk.

Hopefully, this breakdown helps you win some money from your 2021 Super Bowl betting.

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From betting on who will win to betting on a variety of Super Bowl props, you now know the best ways to make money from betting on Super Bowl 55.

Ideally, some of my advice sprinkled in through this post also helps you decide how to bet this year.

How To Make Money With Gambling

I’m just one voice, though, and the “how” is only part of mastering Super Bowl gambling. For a little more insight, check out some helpful post for Super Bowl 55 betting.

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• Best Bets for Super Bowl 55 – Advice for how to find the best bets for Super Bowl 55, including some of the top bets to target in 2021.
• Crazy Super Bowl 55 Props to Bet On – Tickle your brain and make some money betting on the 2021 Super Bowl with these weird SB props.