Want to Make Money Gambling Online? Start with These 7 Options

Some people reading about how to make money gambling are looking for a way to generate consistent money over the long run. Other people are just looking for a way to make a quick buck by getting lucky.

Regardless of which of those goals you’re hoping to achieve, this post offers tips and strategies for maximizing your probability of making money gambling.

No one can guarantee you a way to make money from online gambling. The activity involves an element of chance and risk, or it wouldn’t be gambling.

Any reputable guru who wants to tell you how to make money gambling will always tell you that there are no guarantees in life, which goes double for gambling.

Below, I offer seven strategies on the fastest ways to make money gambling online. Some will fit your goals and inclinations; others won’t.

You can only win a big jackpot if you play games with really long odds, right? I mean, aren’t you stuck playing games like the lottery or progressive slot machines?

Not necessarily.

There’s nothing wrong with going after the life-changing jackpot. Just remember that you probably won’t succeed, no matter how long or consistently you play.

The odds of winning the lottery are nearly 1 in 300 million.

However, you’re WAY more likely to be struck by lightning than to win either of these jackpots. The odds of being struck by lightning are less than 1 in a million.

If only there was a way to predict when slot machine jackpots would drop. Oh, wait a minute, there is! They are called hot drop jackpots, and the timers are on display for everyone to see.

These timers vary depending on which slot machine you are playing. For the most part, many hot drop slots will have a jackpot every hour or day.

The ones at Bovada must drop before they reach $300,000 as well, and some can go even higher than that.

Bovada is a great gambling site that offers welcomes bonuses to new users, so it’s worth reading everything you can about the site.

You might have heard of a famous winning gambler named Ashley Revell. You might even know that he bet his entire bankroll on a single roulette spin. (He put it all on red, by the way.)

Depending on your perspective, Revell might be one of the biggest fools in the gambling community. But he might also be one of the savviest roulette players in history.

For those unfamiliar with Revell’s story, here it is in a nutshell.

When he was 32 years old, Ashley Revell sold everything he owned – including his house and car – and then bet all his money on red in a roulette game.

He was worth $135,500 and won his bet at the Plaza Hotel and Casino in Las Vegas. Since red’s an even-money bet, he walked away with $271,000 in his pocket.

The theory behind the maximum boldness strategy is that the best probability of doubling your money in a negative expectation game is to make a single huge bet.

If you’re playing on a standard American roulette wheel and placing an even-money bet, you have 18 ways to win out of 38 possible outcomes. Your probability of winning, therefore, is 18/38, or 47.37%.

That’s as close as you’ll get to a 50/50 shot in this scenario.

The more bets you make, the harder it is to win them all. If your goal is to double your money, placing one big bet is the best way to do it.

This is also a good example of how and why the casino house edge works in gambling.

The more bets you make, the likelier the casino will win all your money. Just make sure you choose a reputable casino or sportsbook before placing bets.

Sure, you can drop your life savings on one roulette spin and win a ton of cash. But, more often than not, you’ll lose that bet. And when you lose your life savings, it will hurt catastrophically.

I’m not sure if anyone out there would take such a hit and somehow get back on their feet, but what do I know?

So, what are some other ways to make money from online gambling that don’t require such a risk?

Well, you could go in the complete opposite direction and take things slow. A cautious and methodical betting method will help you make more money in the long run.

It might not be as flashy as a roulette spin with your life savings, but we don’t need flashy. The better option would be to nickel and dime your way to the top.

Everyone’s bankroll is different, and they say comparison is the thief of joy. Stick to what you are comfortable with and keep a level head.

You could take home a dollar a day, one more than you had the day before. After several months or years of grinding it out, you’ll find you’ve made a solid amount of cash.

If you’re looking for the best way for how to make money from online gambling, the first thing you need is a reputable place to play. Not only does BetUS have a casino, sportsbook, live betting, and racebook, but they also have a great welcome bonus as well.

New users get a 125% welcome bonus (up to $2,500) and can play any of their games in their vast selection.

Our BetUS review goes more into detail and will tell you exactly what you need to know about their site.

“Can you make money gambling,” is a question everyone asks in their lifetime. It would be much faster than doing your typical 9-5 job and probably more entertaining.

A lot of people will shy away from gambling because they don’t want to risk their hard-earned money.

That assumption is more than fair, but that doesn’t have to be the case. In fact, there is a way to make money gambling online for free.

For example, the best online casinos will reward you with a generous welcome bonus just by signing up at their site.

DuckyLuck Casino matches 500% of your first deposit when you join their site, which maxes out at $2,500. That means if you deposit $100 at their site, they’ll give you an additional $500 to play with.

You can then withdraw your $100 and simply play with the money the casino gave you. Sounds awesome, right? This method is arguably the best way to make money from online gambling, especially since you don’t risk any of your own cash.

If you were smart enough to think there’s a catch, you would be right. Unfortunately, the casino’s welcome bonus does come with a rollover requirement.

Essentially, this means you have to win back the money the casino gave you by a certain amount.

For example, let’s say that you signed up at DuckyLuck Casino. The good news is that DuckyLuck has a lower rollover requirement than others. You must win back 30x your welcome bonus before withdrawing your money.

So, using the $500 from my previous example would mean you have to win $15,000 back before the money is technically yours.

It may seem like a “gotcha” moment, but honestly, this is fair from the casino’s perspective. Otherwise, people would be signing up and immediately withdrawing their money. No casino would survive without a rollover requirement if they offered welcome bonuses.

The good news is that you get to play casino games for free. $15,000 sounds like a lot, but one jackpot win could easily cover that.

If you want to know how to make money gambling online, start by using the casino’s money instead of yours. For those of you curious about the best online casino welcome bonuses, TrustDice awards up to $90,000 (or 3 BTC) with their package.

I recommend reading their review to know if that’s exactly something you want to pursue.

If you’ve searched “can you make money gambling” before, you’ve almost certainly come across the idea of counting cards in blackjack.

You might have questions about card counting, in fact, like these.

• Is card counting legal?
• Does counting cards constitute cheating?
• Is it hard to count cards?
• How much money can you make as a card counter?

I can answer some of those questions here, but the most important questions are how hard it is to count cards and whether you can really make money counting cards.

The answer is that card counting is probably easier than you think, and yes, you really can make money counting cards.

Here’s how card counting works, in brief.

The odds in blackjack vary based on the composition of the deck of cards you’re playing with. As the cards are dealt, the ratios of various cards in the deck change. Sometimes the deck will have more aces and 10s than you’d expect. Sometimes it will have less.

When you’re playing with a deck with a proportionally higher number of aces and 10s than usual, the probability of getting a blackjack increases. And so does the probability of getting that bigger payoff.

Card counters track, in a rough way, how many low cards versus high cards have been dealt. They raise the size of their bets when the deck has lots of high cards (aces and 10s), then lower their bet sizes when the deck has lots of small cards in it.

By doing so, they can take a game where the house normally has an edge of between 0.5% and 1% and turn it into a game where the player has an edge of between 0.5% and 2%.

Casinos frown on card counting, but it’s not illegal. After all, how could it be illegal to just think about the game that you’re playing?

If you want to make money gambling by counting cards, you’ll need a large enough bankroll to handle the swings involved in being a card counter. You’re taking advantage of a long-term expectation, but anybody can have bad luck in the short run.

Here are some of the best card counting methods to use (and work) when playing blackjack at the casino.

Get an Edge in Blackjack with These 5 Card Counting Systems That Work

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There’s a good chance you’ve seen the World Series of Poker and the incredible amounts of money that these players gamble with and win.

Becoming an expert in the game of poker will not happen overnight, but everyone starts somewhere.

Yes, poker is a game of chance, but it’s also a game of skill.

In the short term, who wins a given hand in a poker game is random. Some players catch cards later in the round, even when someone was ahead of them earlier in the hand. That’s just how it goes.

But when you’re dealing with a game that has any percentage of skill, it’s that skill element that separates the winners from the losers.

Your job as a professional poker player (or a would-be poker pro) is to make correct decisions repeatedly, regardless of the individual outcomes.

In the long run, correct decisions should lead you down the road to long-term profits.

And when I say “correct” decisions, I’m talking about decisions with positive expectations. That’s a specific phrase with a specific meaning.

Here’s an example.

You have 2 to 1 odds of hitting your flush by the river in a game of Hold’em, and if you hit your flush, you’re sure you’ll win the hand. It costs you $10 to call someone’s bet, but there’s $60 in the pot. You’ll lose two out of three times, but the one time out of three that you win, you’ll get 6 to 1 on your money.

That’s a positive expectation call, and you should make that call.

On the other hand, if you only had 9 to 1 odds of hitting your hand, that would be a bad call. In that situation, you’d lose more money in the long run than you’d win.

Estimating your probability of winning and comparing it with how much you’ll win is what winning poker is all about.

It’s a comparison of pot odds with the odds of winning. Make good decisions repeatedly, and you’ll make a lot of money as a professional poker player.

But it doesn’t come easy. You’ll face plenty of other poker players who’ve read more books than you have – or at least the same books you have.

Many of them will have watched the same instructional videos. Some of them will have even been tutored by better coaches than you had.

It requires constant and never-ending improvement to make money as a professional poker player, but it’s worth doing. Especially if you like playing cards.

We have an excellent guide to poker that will delve into the risks and some of the top sites you can play at.

Most people lose money from their sports betting hobby, and that’s okay. These people are recreational gamblers. They’re trading money for entertainment; as long as that doesn’t get out of hand, that should be no problem for anyone.

However, sports betting can be one of the best ways for how to make money from online gambling. Like most of these methods, you have to know what you’re doing in order to have success.

If done correctly, you can win a ton of cash by betting on your favorite sports teams.

This means you must win 52% of your bets (or more) just to break even.

But the lines and odds from the books are sometimes wrong, and if you can spot those situations, you can win money at sports betting. Entire books and websites have been written about how to get an edge when betting on sports.

Becoming an expert sports bettor might be the toughest way to make money gambling. The only good book I can recommend on the subject is Sharp Sports Betting by Stanford Wong.

While mastering sports betting isn’t easy, one of the best ways to gain an edge is by targeting the best sports odds available online. Part of that process is also wagering at the top online sportsbooks.

Neither is necessarily easy to accomplish when you’re first starting out, but if you roll with the following sports betting sites, you’ll be on the right track.

Is gambling a good way to get extra money? It certainly is if you’re winning. If you can get lucky, you can win a life-changing sum of cash in a matter of seconds. What 9-5 job is going to beat that?

For those of you wondering how to make money gambling, there are many. As we’ve discussed above, just one of these seven methods can get you rich quickly. However, gambling in general can do that, it doesn’t have to be in any one way.

That means you can gamble in whichever way you prefer. Maybe you prefer to bet on your favorite sports teams, while your friend might enjoy playing poker.

I would say that the lottery can award you with an insane amount of money in a few seconds, but your chances of winning are very slim.

You can embrace the grind and commit to gambling, which is a slower and more methodical approach. I would even try to make money gambling online for free by taking advantage of online casino bonuses. That way, you don’t risk anything yourself while still having the chance to win big.

No matter which way you prefer for how to make money gambling, just be sure to use the top gambling apps for real money.

Footnotes:

• Odds of getting struck by lightning are from the CDC.
• Sharp Sports Betting book details are courtesy of Amazon.
• The Wall Street Journal provided the graphic about your odds of winning the lottery.