Here’s the Exact Routine of a Successful Online Casino Gambler
Published on January 11, 2018
Few people make a name for themselves in the gambling profession. Even fewer can lay claim to being successful online casino gamblers. Only 0.5% of gamblers can be categorized as professionals.
I scored a hat trick, though, to bring you three pros crushing it at casinos online.
One gent’s making a living playing online poker, another’s solidified a routine to stick to bankroll management rules that’s so powerful it took him from a new account with a zero balance to five figures in eighteen months.
And get this – a guy who runs a business playing online slot machines powered by a half-dozen laptops, eighteen desktop PCs, two routers, multiple IP addresses, and even a couple of his own servers. (I’m dubious about his claims, though — more about that later.)
By analyzing this successful trio, the real routine of a successful online casino gambler can be pieced together to create one ultimate casino routine to rule them all.
The BBC has a sneak peek clip that gives a glimpse into the life of a professional online poker player, Donald.
In the short run, it’s unpredictable.
Donald describes himself as technically unemployed, but he does say that he and his friends all play online poker for a living.
He also says that it does take a lot of work just to get good enough to make any money, never mind enough to support your living costs.
Here’s what you need to play online poker professionally:
Here’s what a typical day in the life of a professional online poker player looks like:
The day starts around 8 pm or 9 pm and ends around 2 am or 3 am. Those are the hours when the recreational players are at the table. To make money playing poker online, you need to find lots of action against amateur players.
And those players play at night and on the weekends.
This makes it hard to have normal social life.
Donald’s living arrangements and work arrangements are part of what makes his lifestyle possible. When things aren’t going well, he and his roommates can (and do) support each other.
It’s not just the money, though. By working together, they help keep each other sane. Otherwise, the work would be lonely.
Also, they can talk through strategies and collaborate on what approaches are and aren’t successful.
They also draw motivation from each other. When your roommates are doing well, you’re pushed to play better to keep up.
Donald says that in three to five years, new and old pro online poker players can expect challenges from artificial intelligence technology. The concern isn’t that you’ll be playing a smart bot, though. It’s that players of all levels will be able to use AI to improve their game very quickly.
But bots are also a concern. Carnegie Mellon University recently put their AI, Libratus, to the test against four of the world’s top poker players and won.
Poker bots are not new. Scientists and technologists have been working on them for years, but today, they’re more sophisticated and can give professional players a real advantage.
Here are some final tips from Donald about a pro poker playing routine:
Chris Ferguson is a professional poker player who in 2006 successfully managed to grow his bankroll from $0 to $10,000 gambling online, beginning by playing freeroll tournaments.
Freeroll tourneys are available from many online poker sites. They let you play for free for a chance to win real cash.
It took Chris nine months to raise his bankroll to $100, then another nine months to grow from $100 to $10,000. He challenged himself to go from nothing to $10,000 in 12 months, so it did take him an extra six months to complete the challenge.
What routine did Chris use to reach this extraordinary feat?
He got into a routine of practicing a sound bankroll management strategy every time he logged into play.
The rules of play were simple.
Never bet more than 5% of your bankroll.
If there’s ever any more than 10% of your bankroll on the table, quit the game.
Don’t buy-in for more than 5% of your bankroll for single-table tournaments.
For multi-table sit and go games and multi-table tournaments, no higher than 2% of the bankroll can be used for the buy-in.
The only exception to the 5% buy-in rule was until the bankroll was raised enough to afford the lowest table that could be played on. That’s often $1 on most online poker sites, so a balance of $20 would be needed before the 5% rule would start.
These rules aren’t set in stone. Yours could be playing freerolls until you have won $20 before you play real cash games.
Or you could do what Chris allowed himself to do and use any or all of your first winnings on cash games for the chance of winning faster.
When talking about applying the rules to the game, he recalls his first freeroll win of $2. He spent 3 days strategizing where to spend it. He finally decided to play Texas hold’em with a $2 buy-in. He lost and had to start again at $0.
No gambler can win every time. It’s impossible. You’re going to hit losing streaks, but you’ll also hit winners.
The worst thing anyone can do in gambling is chase their losses.
You’ll just lose faster if you do.
When you’re only buying into a game at 5% of your bankroll, you’re automatically scaling down your bets in line with your losses. Bad players feel the game out on luck.
Chasing losses is a symptom of the gamblers fallacy. That’s the belief that you’re due a win because you’ve lost so many times in a row.
If you were down ten sessions straight and buying in at 10% of your bankroll, you’d get cleaned out.
The second effect of not having more than 10% of your bankroll on the table in any game is that you’re never going to go all-in. No matter how great a hand you think you have, no gamble’s worth losing everything. Especially if you’re trying to play at a pro level and earn a living from gambling.
Instead, at 5% buy-in, you get to play for longer. When you hit a losing streak, your buy-in goes down. If you’ve won your way up to be playing $5 tables, and you lose 10 times, 50% of your bankroll will be gone.
Starting with $100 and losing 10 times, you’d be left with $50. Sticking to the 5% buy-in as a rule would see you move from a $5 table to play at $2.50 buy-ins and keep dropping the buy-in as your balance decreases.
This takes discipline. A system like this lets you practice disciplining yourself every time you play.
This discipline taught Chris when he needed to take a break from gambling.
When you’re on a winning streak, your bankroll will grow. You’ll be able to buy in to bigger games. When your bankroll hits $500, you’ll be able to buy into the $25 tournaments or tables.
One thing Chris noticed about playing in the lower stakes games is that they started to affect his game. He wasn’t taking the game as seriously at the lower stakes.
He started losing at the lowest stakes table imaginable.
When you stop taking the game seriously, it’s time to take a break. That’s what Chris Ferguson had to do.
Think about the psychology behind that last anecdote. Chris Ferguson had to drop down to the $5 and $10 tables, but in his mind, he felt like he still should have been at the $25 tables. The illusion was that he was a much better player and would be able to win every hand against these lesser mortals.
No matter the stakes, you need to play with 100% focus. You need to play at your best on every hand. Every situation needs to be taken seriously.
Lose your focus and you will lose your money. If you do find yourself starting to lose interest in the game, or if you believe a lower stakes game is beneath your player status, then it’s time to take a break. Come back a stronger player. See every game for the challenge it is.
If you can’t give 100% focus to every game you play, walk away.
Losing streaks can strike any player at any time. After successfully reaching the $10,000 goal, Chris continued to play. He eventually ran into a long losing streak.
At one point, he was up to $28,000. Then he dropped all the way back to $10,000.
Here’s a summary of Chris’s routine:
If you think being a professional online slot machine player is an oxymoron, you’re not alone.
But online gambling sites have more to offer than card games. Anyone who has visited an online casino will know there are many more slot machine games than there are card games.
Nearly every piece of advice about becoming a pro gambler advocates staying clear of the online slot machines. It’s widely known that you can never win more than you put in without luck. It’s a pure game of chance, just like roulette.
But one gambler, “John,” claims he has a grueling work routine that lets him play the slots as a business.
Here’s what “John” says it takes to play online slots professionally:
Essentially, John has built himself his own computer shop. His days are spent on numerous online casinos simultaneously. Every time the reels are spun, the results are recorded on paper and then transferred to a spreadsheet.
When enough data has been gathered on the spreadsheet, he’ll begin looking for patterns – long sequences of wins and losses. He’s looking for anything that would indicate the slot is about to pay out.
John claims that knowledge of the types of slots is essential to get the big wins. This is because the prize money in progressive slot machines is built up by the players over time.
But because they offer such huge payouts, they pay less often — MUCH less often. Smaller wins of $100 to $300 slot jackpots pay out more frequently. He claims that some of those smaller wins can be used to fund the gameplay on slots with large progressive jackpots.
John claims, too, that bankroll management is important to his slot machine strategies. Without the money to pay for the spins, you can’t play. And if you can’t play, you can’t collect data.
I’m skeptical that John is really able to make a living as an online gambler by playing slot machines.
But his story still makes for interesting reading.
All the success stories in the gambling industry share the following details about their routines:
One key thing is more important than any of these, though:
No strategy, gambling system, or advantage play techniques lead to success without mental discipline.
Every successful gambler has mastered his mindset, understanding the psychology of the bettor. It won’t matter how good or bad a player you are if you don’t have the emotional control to keep your gambling behavior in check.
The routine of every successful online casino gambler involves study, repetition, and data analysis. Long practice hours and studying stats are also par for the course.
Money management forms part of every pro gambler’s routine, as does continually testing and refining your gameplay.
Don’t risk large percentages of your bankroll on any single bet. Even when the odds are in your favor, you can go broke if you bet too much of your money.