Jan 12, 2018  How To Make a Living Betting on Sports - 'Work From Home, Make Money' - Advice From Pro Bettor. How To Make a Living In Music? - Duration: 37:56. How Casinos Make Money (Exactly).

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I don't 'guess'. Ever.
Now, does that mean that I do, in fact, know what the 'next cards will be'? Of course not.
But, Mosca, my friend, if you truly know how to approach and play this closed-end, shoe game called Baccarat, you truly can 'get really good' at it.
No, not knowing the exact cards, but knowing how certain shoe characteristics (read: trends) trends begin to develope, and how those trends flow from one to another. Heck, even the absence of trends is, in fact, a trend. It's a 'no-bet' trend, but a recognizable trend nonetheless, as recognizable as any domination (read: a trend where one side dominates most of the current results....very bettable).
Alot of you fellas in this esteemed forum seem to choose to believe in the casino math rather than in the player method. That's OK. I get it. Safe, very safe. Doesn't cost you fellas a dime to simply dismiss the game as unbeatable due to the built-in mathematics of it all. Safe, very safe. And, in this forum, might I add: popular, very popular.
But, know this: While the math is undeniable, that doesn't mean it's unbeatable. It doesn't preclude certain players from getting the better of this game.
But, that said, I ask myself: Who, exactly, am I trying to convince of this? Isn't it true that only I need believe in it for it to mean a thing to me? Sure it is.
So, you fellas can keep right on sitting on that most safest and popular side of the fence. Nice and warm and cozy over there, ain't it? Enjoy.....

If that's true, how do casinos exist? They're offering these games for free. If it were possible to be 'good' at it, by normal means (that is, means many players use, and a quick look at the baccarat table will tell you following trends is very much among them), they'd go bankrupt. You can see that in blackjack - if they get too tolerant of the relatively easy advantage play of card counting, as in the early days of Atlantic City, the game becomes a loser and is tightened or removed.
'While the math is undeniable, that doesn't mean it's unbeatable.' That's sort of the definition. If the undeniable math says it's unbeatable, it can't be beaten.
If you come to have too much confidence in your impossible system, you're setting yourself up for a massive fall.Ahigh

Many people believe that it's insane to state that you can't lose at a rate that exceeds the house edge in the long run, but it's true.

This is exactly why dealers who deal on low minimum games to players who make minimum bets (flat betting with no pressure) that last the longest period of time nearly go insane!
Go to an empty $3 craps table and bet $3 on the pass line and no other bet and throw the dice as fast as possible and challenge yourself to see how much you can lose! It's going to take you more than 24 hours to lose $100 even if you get TERRIBLY unlucky, it will still take hours.
It would be like taking $100 worth of pennies and throwing them one at a time into a pond. There's just not enough variance to really win or lose flat betting without tremendous luck or bad luck.The thing is, though, that you can lose at a rate that exceeds the house edge in the long run, and the dollar amount by which you might exceed the house edge with a given probability only increases. The only reason people say it 'levels out' is that the edge increases faster, so you become less likely to overcome it to the rapidly increasing break-even point, but more likely to lose any given amount beyond it.

Assuming, rdw4potus? I don't assume very much, especially Bac-wise.
I just know that most shoes.....MOST shoes.....have a prevailing trend, which translates into dollars....REAL dollars.....'ASSUMING' one knows what to look for.
That trend might last a few decisions, it might last longer, but, make no mistake of it, it will put money into my pocket.
It also might dissipate as quickly as it appeared, in which case, I will lose my bet on it.
Then I'll await the next trend. If I find myself in a shoe where the trends are not 'holding', I'll 'sit on my hands' (read: no-bet).
When a decent trend does hold up for a few winning decisions, again, I make money on it.
So, let's recap:
I bet where I want to.
I bet when I want to.
I bet the amount I want to.
I quit when I want to.
For these player's edges (and a bit more in my arsenal), the casino charges me roughly 1% on each bet.
No 'assumining ANYTHING predictable', rdw4potus. I claim no predictive powers.
Still, I say: I'll take that bet. I'll graciously accept your house edge if you can live with mine. I'll take that bet.

Hi, What sort of trends are we talking about?
For example, do you bet on the opposite when you see 7 player wins or banker wins in a row?
Can you elaborate please?gr8player isn't going to make money reliably, and he seems to vacillate on whether he knows it or not. His 'edge' is pure superstition. Remember, the universe runs on math, not feelings.
Keyser and teliot seem to have something, but good luck getting them to tell you. (Except for saying 'I was joking!' when you lose, but that might end badly.) I suppose the next time you play, you should look at the back of the next card in the shoe to see if a pattern forms. Although I've noticed (I'm not much of a table games player) that baccarat shoes have a kind of 'brush' that blackjack shoes don't, which I'm guessing is there with this in mind. Of course, don't cry foul when they kick you out; they're letting you play for free, so the game's got to be paid for somehow.

Although I've noticed (I'm not much of a table games player) that baccarat shoes have a kind of 'brush' that blackjack shoes don't, which I'm guessing is there with this in mind.

Exactly. That's why I was so surprised when they talked about looking at the back of the cards. You can barely see it!

Hi, What sort of trends are we talking about?
For example, do you bet on the opposite when you see 7 player wins or banker wins in a row?
Can you elaborate please?

Please don't listen to him. He's certainly entitled to his opinion, but the main problem I have with his posts is that new baccarat players might actually start buying what he says and will end up losing a lot of their money because of it.
Baccarat is a negative expectation game, and you cannot win trying to follow silly 'trends'.

Please don't listen to him. He's certainly entitled to his opinion, but the main problem I have with his posts is that new baccarat players might actually start buying what he says and will end up losing a lot of their money because of it.
Baccarat is a negative expectation game, and you cannot win trying to follow silly 'trends'.

How very noble of you, Beethoven9th. You're really concerned that 'new baccarat players might actually start buying what he says and will end up losing a lot of money vecause of it'. How very noble of you to save them from such a horrific fate...... ROTFLMAO!!!!!
Hey, Beeethoven....
.....this is a gambling site. I'm not posting my Baccarat methodologies on any social media sites like Facebook or Twitter or You-Tube! I'm posting on gambling sites only. I'm attempting to converse with like-minded people on a gambling forum, but I wind up responding to know-nothings like yourself.
You know nothing of me.
But I know of you, Beethoven9th. You're a wannabe. A frustrated Bac player/loser. You can't help but disbelieve that anyone can possibly come out ahead at this game because you've only known failure.
So now you dismiss my trend play as 'silly'. That, too, is a mistake on your part, IMHO.
I have preferred trends that I play.....when they appear I maximize my profits on their continuance, and when they don't I minimize the damage from their dissipation.
If you, Beethoven9th, are yet another in this esteemed forum that believes that the casino's 'house edge' outperforms my 'brain-power of choice' (read: my player's edges), well, my friend, you're in the majority 'round here.
Just know that you're wearing that 'house edge'/negative expectancy stat like an albatross on your shoulders...the more and more you believe in it, the heavier and heavier it gets...to the point that your self-fulfilling prophecy comes true, and you succumb to it rather than attempt to get the better of it.
Yes, Beethoven9th, Baccarat is, as you put it above, a 'negative expectation' game....it appears that you're becoming a bit of the same to me.

• Page 6 of 37

Everyone needs to figure out how to make a living.

Why not see if you can do so in the gambling industry?

Thousands of people work in and around the gambling industry. I’ve put together a list of 7 ways to make a living in the gambling industry to help you get started.

You’ve probably thought about some of the things on the list, but I bet there are at least one or two ways that haven’t crossed your mind.

Not everything on the list is easy, but making a living often isn’t easy. But people are making money today doing everything that’s included.

Of course, this isn’t an exhaustive list, but some of these ideas might spark other ones for you. Read over the list and pursue the things that jump out. Then go back over the list and see if anything else comes to mind that might be worth looking into.

1 – Work for a Casino or Poker Room

This is the first thing that comes to mind when thinking about ways to make a living in the gambling industry.

Casino and poker rooms need a host of employees to keep everything running smoothly.

The next time you’re in a casino keep track of all of the employees you see.

Here’s a partial list of casino employees:

• Security personnel
• Waitresses and waiters
• Front desk personnel
• Chip runners

• Cage workers
• Bartenders
• Slot machine technicians
• Pit bosses
• Cleaning crew

• Maids
• Management personnel
• Parking attendants
• Valets

All of these people have to come from somewhere, and the casino doesn’t work properly without them.

Casinos are like most large businesses. Most workers don’t make a ton of money but some of the positions pay well. Many casinos offer health insurance and a fairly secure way to make a living. His is especially true if you’re a good employee.

If you’re interested in working for a casino or poker room look on their website for job postings or ask an employee how to find the human resources department.

Even if the job you might like to try isn’t available often if you can get hired you’ll have the opportunity to bid for other jobs as they come open.

If you want to be a dealer you may need to find a dealer school and go through their program before you can be hired. Some casinos train their own dealers, so check with the casinos and poker rooms where you want to work to see what they do.

If they hire dealers from dealer schools ask them for the ones they recommend.

Many of the jobs where you can earn tips can pay well. Dealers and waitresses are the main two tip jobs in most casinos. The best dealers and waitresses can make good money in tips. But if you’re not good at the job and / or have a bad attitude it can hurt your tips.

2 – Design Gambling Games

Casinos are always looking for new games to replace ones that aren’t making as much money as they like.

New slot machines are introduced all of the time, but they also need new table games, and even video poker gets a new look sometimes.

This isn’t an easy way to make money in the gambling industry, but people are able to break in from time to time.

If you want to work with the best numbers, the industry introduces more slot machines than anything else, but the big manufacturers control most of the market. This doesn’t mean you can’t develop a hit, but you might have more luck selling it to a current manufacturer than setting out on your own.

Slot machines are expensive to build and now they use sophisticated computer and video programs to run the game engine. If you have programming skills you can build your system and contact the big players to try to find one who’s willing to consider your game.

Wikipedia lists the following big companies in the slot machine industry.

• Bally Technologies
• International Game Technology, or IGT
• Konami
• WMS Gaming

• High 5 Games
• Aristocrat
• Novomatic
• Barcrest
• Mikohn Gaming

Another option is developing slot machine games for the online casino companies. They don’t require a physical machine and just like land based casinos, these companies are always looking for new ideas.

Online gaming companies include:

• 888
• 777igt
• Aristocrat
• Amaya
• Amatic
• Betsoft

• Bally
• Gamesys
• IGT
• Microgaming
• NetEnt
• NextGen

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• Novomatic
• Rival Gaming
• Playtech
• Realtime Gaming or RTG
• WGS Technology
• WMS Gaming
• Topgame

Table games can be developed by anyone, but only a few of them are able to get placed in actual casinos, and even fewer are good enough to stick. But when you design a hit you can make money off of it for years.

Here are some of the table games that have been able to do well enough to earn a spot in most casinos over the years.

• Three Card Poker
• Let It Ride
• Mississippi Stud Poker
• Pai Gow Poker
• Caribbean Stud Poker

But for every one of these that makes a name for itself, there are hundreds that never get any traction.

When you design a table game you need to either be able to work out all of the math yourself or hire someone who can.

The challenge is being able to develop a game that offers enough profit to the casino while being easy enough for the players to play and be able to keep the players coming back for more.

This sounds easy, but sometimes the only way you can find out if the game appeals to enough players is to get it placed in a casino on a trial run.

The truth is that your chances of designing a casino game of any type and making much money are small. It may be the hardest path on this page, but it can be done. So it’s up to you to decide if you want to fight the long odds.

3 – Become a Celebrity

Professional Gambling For A Living

You might not have many names come to mind when you think of celebrities in the gambling industry.

This may lead you to think that becoming a celebrity and using it to make money is almost impossible, but it’s not as hard as some things.

Here’s a quick look at several people who’ve been able to build celebrity status and earn a living in the gambling industry. Notice that most of them are authors.

Bob Dancer – The self-proclaimed video poker expert has made quite a name for himself over the years, mostly from his many books. I don’t think there’s much doubt that he makes more money writing than playing video poker, but it’s better than working for a living either way.

David Sklansky – Sklansky is a long time gambling expert, designer of casino games, part owner of 2 + 2 Publishing, and author of many books. He worked with Bob Stupak years ago when Stupak was still a big name in Las Vegas.

John Patrick – Though he isn’t as famous as he was two decades ago, Patrick was the foremost gambling expert for many years. He wrote a series of books about gambling and even had a television show for a while. And this was before the days of 1,000 channels, so it actually meant something to be on TV.

Mason Malmuth – Also part owner of 2 + 2 Publishing, Malmuth has published many articles and books about gambling over the years.

Doyle Brunson – The elder statesman of the poker world, Brunson has won many World Series of Poker Bracelets and has authored one of the most well-known poker books of all time, Super System.

Frank Scoblete – Author of dozens of books and articles about gambling, Scoblete has made a living writing about casino games and his adventures at the tables.

Jean Scott – Scott is the author of the famous book The Frugal Gambler, which teaches players how to play the comps game, find and use coupons and promotions, and gamble with little money out of pocket.

Phil Hellmuth – Also known as the poker brat, Hellmuth is well known for his antics at the poker tables but has also won many tournaments and written a few books.

You can also find many celebrities in the entertainment businesses that perform at casinos around the world.

Before you discount the possibility of becoming a celebrity in the gambling industry, consider many of the people on the list above. Most of them aren’t different than other people and don’t have special skills that you couldn’t learn or develop.

The odds of you getting good enough to win the WSOP like Brunson and Hellmuth may be small, but many of the other authors simply learned about something and then shared with the world in book form.

Some of them aren’t particularly good or entertaining writers. Sklansky is clearly an expert about most of what he writes, but his writing style is dry and is difficult to read for many.

Scoblete and Dancer are more entertaining to read than many, but what the write about could be learned and written about by anyone.

Scott simply figured out ways to gamble without much money, something that many are interested in, and wrote books about it.

Do you have knowledge or an interest in something about gambling that could be turned into a book or a series of articles?

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If you’re afraid you can’t write well enough you can learn how to write.

Thousands of casinos dot the globe and most of them need entertainers of some sort. Can you sing or do magic tricks?

You don’t need to start at the top. Make your act as good as possible and start looking for gigs.

Many people have figured out ways to reach celebrity status in the gambling industry, so why can’t you do the same?

All it takes is some imagination and determination.

4 – Provide Products or Services to the Casinos

Casinos are a big business, and many of them outsource some of their needs.

Here’s a list of just some of the services outsourced by casinos.

• Laundry services
• Cleaning
• Uniforms
• Kitchen prep
• Accounting
• Marketing

Here’s a list of some things casinos need to buy.

• Playing cards
• Chips
• Chip trays
• Tables
• Chairs

• Food
• Beverages
• Roulette wheels
• Roulette balls
• Dice

• Beds
• Desks
• Uniforms

These lists aren’t complete, but they give you a good idea of ways to make money providing services and products to the gambling industry.

5 – Become a Winning Poker or Blackjack Player

It isn’t easy, but some players are able to work on their skills enough to become winning poker players and blackjack players.

Poker offers many opportunities with cash games and tournaments running around the clock in poker rooms, casinos, and online.

You can specialize in big multi player tournaments, small tournaments, or cash games.

You can find literally hundreds of books and thousands of articles about how to play and strategy and you can practice for free.

Many players struggle to build their skills to the point where the can win consistently, but you can do it if you’re willing to learn and work towards your goal.

The main area that most players make a mistake is who they choose to play against. You need to find games that have enough poor players that you stand a good chance to succeed.

If you focus on tournament play you’ll find that most tournament players aren’t very good. They play like they see the professional players play on television instead of playing tight and aggressive.

When you build your skills and learn how to win you can always find games so winning poker players never have to go far to find profit opportunities.

Winning blackjack players have learned how to get an edge while playing. The most common way is by learning how to count cards and vary their bets based on the remaining cards in the deck or shoe.

The casinos try to run off card counters so not only do you need to learn how to do it well, you also need to be able to do it in a way that makes it hard for the casinos to figure out what you’re doing.

Good card counters usually have to play at many different casinos and travel a lot to keep from being barred from playing.

Both poker and blackjack offers a chance to make a living in the casino industry, but poker is probably easier and a better long term option for most players.

The casinos aren’t trying to find and throw out good poker players.

6 – Open Your Own Casino

Most people think of a job when they think about making a living in the gambling industry, but the ones that tend to make the most money are the owners of the casinos.

You’re probably going to need millions to open a casino and the licenses and fees can be difficult and staggering. But if you can get started and run it the right way a casino can make a great deal of money.

The best way to get started might be to find a small casino for sale that can be improved with better marketing. You can buy it for less than starting a new one and invest some of the difference in price in attracting new players.

If you seriously are interested in starting your own casino you need to spend a great deal of time researching the industry to learn what works, what doesn’t, and everything you need to consider.

Starting an online casino is another possibility, but it has many of the same challenges as starting a land based casino.

You need to find a country where you can legally set up, find a software provider, get your business and support services in place, and spend money on marketing. The days of being able to start a successful online casino without much money are gone.

An online casino will probably cost millions, but often not as much as a land based casino.

It also requires the same amount of research and due diligence, so don’t jump into anything without a thorough investigation.

7 – Train Dealers

Can You Make Money Gambling

Casinos need qualified and competent dealers to run their games.

Dealing may look easy, but it takes quite a bit of skill to be good. Most people can learn these skills, but it takes training. This is where you can build a business.

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You can find dealer schools that charge prospective dealers a fee and train them for the casino industry. Once you get started and show the casinos that you produce quality dealers you can even start helping your graduates find jobs.

If you do a good enough job, the casinos will start coming to you to help fill their needs.

It takes money and time to build your dealer training business, but it can be lucrative if you run your school properly and concentrate on making your dealers the best they can be.

Conclusion

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Use these 7 ways to make a living in the gambling industry to help you find ways to make money. Some of them are easier than others, but people are doing all of them right now so why can’t you?