I'm a professional gambler - ask me anything

[onegiftedgal]

Have name changed for anonymity as this is something that only my DH knows.

That's a nice win! What was the bonus? Did you have to play through that money or was it straight to cash?

A screenshot isn't exactly putting your money where your mouth is. Tell me how you'd approach the example offer I posted earlier?

This is AMA you know.... what's the point of it otherwise.

@Frouby This was a £5 bonus with £30 x wagering attached from a main bookie. The game probably gives it away but I won't state who it is for obvious reasons.

So you have to wager those winnings through 30 times before you can cash out?

Too bloody confusing for me.

How “up” are you when you withdraw?

I’m a rubbish gambler. I won severel thousand $$ in Vegas but lost the lot ...though spent less than $100 altogether and had an utter blast. How do you know when to stop?

But earlier you said you never touch offers with a 30x wagering requirement.... me thinks you're bullshitting.

It was a William hill offer by the way for those interested...

I won severel thousand $$ in Vegas but lost the lot ..

Now I'm jealous - Vegas definitely on my bucket list

@MrsChollySawcutt - no, this is the final amount after wagering/ completing the bonus.
@Lucky Diamond - £10 was my qualifying stake to get the bonus, so the final amount minus £10.
@titchy - no, I have never said that? I said that I can work with any wagering requirement and extract profits.

@titchy - yes, William Hill - they have great offers continually, as you know.

Yeah you did: 29 Aug 12.11

Come on - tell me how you make profit off that wh offer I posted. Otherwise, sorry but you're bullshitting. you have made the OM community laugh though - hi guys!

I simply don't understand how you can won such large amounts on what is basically a game of chance. I do online slots every now and then and occasionally on between 10 and 30 pounds. What sort of 'mathematical equation'can beat a game of chance?

win not on

I think you're not being truthful about not losing any money. You say you spent 3 years learning. You will have lost money on that. You are making a good amount now (if I believe you, which I don't think I do), but how much did you "invest" in your learning before you reliably turned a profit?

This is fascinating! How would you suggest someone starts out? How did you get into it? Where do you look for tips and strategies?

I don't know. Ive worked for several major bookies, I live in Vegas. I've yet to see someone come up with a "system" to make money from slots. I've seen plenty get addicted and lose a lot though.

Sports betting and the likes of blackjack etc is easy, because actual statistics apply. Slots are totally different.

OP is spouting bollocks!

Slots and bookie offers are just Maths. If you're doing +ev and don't chase losses you make money, if not you don't. It ain't rocket science.

I know there are a few systems to beat the slots.

Slots aren't just random. They have to stick to the RTP they advertise. If you are playing with your money plus the bookies money on a 97% rtp slot, you should take out more than your stake.

You need to know the variances of each game, be prepared to bust out occasionally, know what stake value to place. And also like the OP says little things like playing at the right time of day on the right day will help.

I know people who make money doing this. Enough to leave their jobs. The op isn't going to tell us the system. Because people will try and replicate it and you have to be under the radar or the casinos will click on and change the rules.

I did a couple of welcome offers on casinos at the beginning of the year and was 1k up in 3 weeks. I can see how people make a living doing it consistently.

@Frouby - exactly that, you know what you're talking about. Also, a person has to be suited to a job to progress and it's the same with this. You have to be the exact opposite to what the casinos want you to be.

@titchy - you seem very angry about all of this. 29 August at 12:11 (page 2) I haven't said anything of the sort! I think you are imagining this or have read it on another thread somewhere and are getting confused.
It is an AMA post and my answer is that I am not prepared to tell you my system for all of the above mentioned reasons. If anyone is interested or already working on slots, then what I have written so far should be helping them.

I think you actually have to hate gambling to be good at it. You need to walk away from losses and not chase them. Be happy with a profit no matter how small. And you also need to be methodical and stick to your system.

Matched betting is different. That is just taking the free cash bookies offer and turning it into profit. Exploiting casinos is using mathmatical formula to exploit the RTP %s the casinos have to adhere to.

The problem for normal gamblers who use slot machines is that the slot machine is psychologically designed to make you take risks. Nice graphics, random free spins, wilds, bonus rounds, features to collect, random big wins. You need to be able to ignore all that, to focus on the maths and use the RTP against the slot machine.

You will have some losses but you need a bank that can absorb those losses. And they aren't real losses because eventually you will hit a big win of several hundred pounds which will completely negate the 10 £10 losses you had the day before. You aren't chasing wins, you are working the law of averages and the RTP% with the bonus offers.

You can manipulate it slightly more in your favour by playing at the right times. All slots have cycles of collect, break even, pay out. If you are playing on a pay out cycle you will make a profit.

Am not saying anymore now because casinos look for these kinds of threads. But it is possible and profitable to make money. Being a professional gambler isn't a new thing. And these days if you know how to use the exchanges you can be the bookie from your living room and make money on people losing bets.

Matched betting is pretty basic. I have done it and the amount of time it takes, and the amount of money I have tied up for x number of days while I faff around sending ID in isn't worth it. But manipulating the casinos I can see me doing. Am lucky that I know people who do and will show me how.

But don't expect someone on an AMA on mn to share knowledge they have built up over 3 years. All the information I have posted is available on various forums online. But you won't find people sharing their secret methods online for free.

I would love to know why you don't have to pay tax on all this regular income from your job as a professional gambler?

@HumptyNumptyNooNoo I can't remember exactly but I think it's something to do with paying tax at point of bet. So if you pay the tax on the money you stake (your £10 bet for example) you then don't pay tax on any winnings. However if you choose not to pay the tax on your stake - you are then liable for tax. However I think that is different to income tax so I'm not sure how that is accounted for.
Presumably the OP is classed as self employed and so should do a self assessment tax return...Whether the tax paid as per the above covers it, I'm not sure.
My DH bets and over the years has had some significant wins, but has never declared them on a tax return. Am now wondering if he should have under the 'other income' box

Not angry at all! I know how to make money off casinos - I do it! But I'm quite happy to explain how, as are others on MB sites who make the sort of money OP claims to make. Problem is nothing OP has said is helpful. She (I assume) has posted a couple of things which are contrary to standard casino strategy which makes me think she's bullshitting.

You can manipulate it slightly more in your favour by playing at the right times. All slots have cycles of collect, break even, pay out. If you are playing on a pay out cycle you will make a profit.

No - it may feel like that but behind every spin is a random number generator. There's no cycle.

You still have to send id to casinos by the way. (Total pain!)

I think the OP is getting an unnecessarily hard time.

I'm genuinely interested.

How do you work out RTP%?