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The professional gambler can be occupied in any filed of gambling , given that they have the ability to find their edge in that field. How do they know which field to master?
"Try and learn yourself" is the best thing here. No one knows if he is a good poker player if he doesn't play. No one can say that he is a good trader if he hasn't made any trades. Still, it isn't necessary to lose vast amounts of money just to find out if he is good or not. While there is the theory, there is also the practice, and practice can cost. For that reason, during the first steps it's essential to focus on money management and proper preservation of the capital than maximizing profit.
So, the professional gambler has a small capital invested in the theory. The theory consists of reading, studying, again reading and again studying. That's why he may buy some books, some documents, he may participate in seminars or in anything else that will help him understand theory more. Money spent in that direction is considered as the investment's foundations, as "school's fees".
Then and since he has acquired the necessary knowledge, he begins his long, hard and (in the beginning more than usual) losing journey to master his work. He has to feel like he owns his work in order to succeed. And then testing, testing and testing start. During this testing period he will fully understand if he will succeed in that particular field of work he has chosen.
And what might be the field of his work he will end to?
Card games is a field. The professional gambler can find an edge over the other players in any card game and take advantage of it in the long run .
Another field is the stock market and generally speaking, trading . The professional (here called trader and not gambler), while he may trade anything, aims to make a profit in the long run since he has found his edge in trading.
Yet another field is sports betting . The professional gambler has found his edge in a sport or in some sports and he is certain that edge will make money in the long run.
Other fields in gambling are any games of luck, any casino games and everything people can bet on. The professional gambler tries to take advantage of everything so that he is a winner, and here the magic word is the one repeated above. A winner in the LONG RUN . |