• But you can certainly win some major money through this form of gambling. Case in point: former poker pro Aaron Jones won $5 million through a DraftKings NFL contest in 2016. Plenty of other players have won large payouts since then. First things first though; in that you need to become a successful player before dreaming about a big win.
• At that point, I decided to stick with making money through gambling and keep leaching off of the rich men with dreams of poker, bridge, backgammon, euchre and craps and just keep going. Thinking about it, I guess it’s like being in a band except with shorter hair, no instruments, and regular bathing.

Being rich is a state of mind. In a sense, you could be rich but still poor, and vice versa. You can define “rich” in different ways. There are a lot of people who simply consider it as having a lot of money. For them, rich is equivalent to a being a millionaire. But rich can also be psychological richness.

Q: Have you ever heard any successful and rich person by spread trading?

A: This question was responded by an experienced trader whom I have full respect for -:
Actually, yes I do...quite a few, and some are SERIOUSLY rich! One person in particular...
She started with £2k and over a period of 2 years nearly lost it and just about came out flat... then she made a few hard decisions, mostly about honesty with herself and discipline... she currently makes about £1- £2k a day and its a bad day is when its only £500. She trades just a few stocks and very rarely holds overnight.
I also know of people who have worked on the inside for years. They all say similar things. They do have massively successful clients who make seven figure tax free sums most years. This IS NOT done via scalping but by either position or swing trading. Some clients hold positions for two years!
Although I'm not rich I do quite nicely on the whole spreadbetting and that's just little old self taught me. Just because people don't make the hall of fame does not mean they have not made a lot of money trading be it spreadbetting, cfd trading, warrants whatever...

This is not to say that spread betting is a way for easy riches; it is a known fact that the majority of spread traders fail. At a GFT trading seminar we attended we were informed that it could take up to two years before you start consistently making money spread betting.

Q. Is it possible to turn £10,000 pounds into £100,000 pounds in 1 year?

A: It is quite possible to turn £10,000 into £100,000 via spread betting but the odds are against you. You'd just have to be very lucky... Being this lucky, in my experience, wouldn't really do you any good. First of all, to have any chances of making it you would have to take really serious risks with leverage! Even if you somehow manage to turn £10,000 into £100,000 that amounts to an astounding 900% return on investment. By year end when you have your £100,000 you would start thinking why not turn £100,000 into £1,000,000 by the next year. Problem is that if you had been so lucky to achieve a 900% return what's the chance at being this lucky again? Chances are that one day your luck would run dry and you'd get trunked or struck by heavy losses - and you'd end up losing your capital and more...

Here's a trading system you could utilise if you are just about starting out and have £10,000 of available capital you are willing to risk (lose) -:
Most of the times I recommend only starting with £1000 after some months of successful demo spread betting. If you end up ahead after your first month of trading with real money, then simply add another £1000 to your trading account. If your second month is also successful, then add another £1000 for the next month. In this way you are proving (to yourself) that you are indeed successful before risking all of your hard earned cash.
If by any chance you end up losing all your money in a particular month, then you stop trading for the month. Do not deposit any more funds to your trading account until the following month and then retrace your steps and learn from your trading experience. As I said, you do not need big amounts of money to make it worthwhile. Say you are earning 8-10% per month and letting it compound. You take out 50% of your earnings each month to reward yourself and let the rest ride.
If you are starting with £10,000, then that would give you £400 each month the first year. The second year you would be starting with £16,000 in your trading account giving you £640 per month in earnings. etc. True, it's not a full-time income yet, but within 6 years you would be up to over £4000 per month and your trading account has increased to over £100k. After 10 years, your income would be over £27,000 per month.
The important thing is to be patient and not avoid getting greedy. Greed and the rush for riches is rookie thinking.

Q. Is it possible to become a millionaire spread betting?

A: Well, apart from the owners that run spread betting companies themselves , it is a fact that large fortunes can be made or lost from spread betting. It is documented that George Soros made almost $2 billion shorting the pound in September 1992 after betting almost all his wealth (however, in practice his profits amounted to some 10% since he risked a lot of his money on the punt). This episode earned him the unofficial title of the 'the man who broke the Bank of England' as the pound had to be devalued and withdrawn from the European Exchange Rate Mechanism.
But who exactly is George Soros?
George Soros is one of the living legends of financial investments. Today, his fortune runs into billions of dollars. His flagship is the Quantum fund and its various offshore offshoots.
George Soros was born on the 12th August 1930 in Hungary. He migrated to U.K. at the age of 17, and graduated from the London School of Economics. It was here that he became acquainted with the works of philosopher Karl Popper who had a profound impact on his thinking. He migrated to the U.S. in 1956, and started his own international investment fund – the Soros Fund Management LLC.
Soros actively invests a big portion of his assets in currencies and index-linked derivatives - but never for long. He flits in and out of these instruments incessantly, rarely holding a position for more than a few days. Soros is well-known for his generosity and started his philanthropist activities in 1979 when he provided fundis to help black students attend the University of Cape Town in South Africa.
A network of 20 foundations across Central and Eastern Europe organized most of Soros' philanthropic activity. The first was opened in Hungary in 1984. He pledged $100 million to support scientific research in the Commonwealth of Independent States last year, donated $50 million to Bosnia and financed a $25 million revolving loan to buy heating oil that helped Macedonia survive the winter. Soros has also authored eight books on various subjects.
Vince Stanzione is another well-known persona who raked in profits for more than £2 million spread betting commodities. However, a failed punt on the shares of HBOS cost Mike Ashley, an English millionaire retail entrepreneur some £300 million. This was when Mika Ashley opened a huge long position on HBOS expecting them to recover when in actual fact they kept going lower before finally being taken over by Lloyds TSB.
Another popular commentator and trader in the City, Simon Cawkwell, a trained accountant better known as 'Evil Knievil' made over a million-pound profit shorting Northern Rock in 2008. Now in his sixties, Evil Knievil established himself as a bear raider when he successfully shorted Maxwell Communication Corporation and Polly Peck International, two companies which went bust in the early 1990s.

How To Become Rich Through Gambling Money

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Every gambler wants to win profits. But this is very difficult to do when considering that the casino holds an edge in most games. Of course, you can use a combination of luck and skill to win more money. But banking on luck is a terrible way to earn long-term profits through gambling.

Therefore, you need to find games and advantage play techniques that give you an opportunity to win in the long run. I’m going to discuss the best games and advantage gambling methods that’ll help you accomplish this goal.

Poker has long been one of the top ways to make money with gambling. This reputation has only increased in recent times with the availability of online poker. The reason why poker offers such a great opportunity to earn money is because you’re competing against other players – not the house.

How To Get Rich Through Gambling

But I believe that any poker player can win with the right approach. The only question is what route you should take towards becoming a winner. Read the stories of any successful poker player – past or present – and you’ll see that there’s no single road to get there. But there are some universal steps you can take to becoming a stronger player.

Here are different methods you can use to improve your skills:

• Watching pros on Twitch streams.
• Watching training videos on YouTube.
• Joining a training site (usually $30 per month).
• Reading poker strategy books.
• Reading poker strategy articles.
• Hiring a poker coach.
• Reviewing your sessions afterward.

You also have to decide what poker variation and type you want to attack. After all, this game offers over a dozen variations along with different game types. Some of the poker variants include Texas holdem, Omaha, Omaha Hi-Lo, Seven Card Stud, Razz, Badugi, H.O.R.S.E., and Crazy Pineapple. The different types of poker include cash games, multi-table tournaments (MTTs) sit and go’s (SNGs), and lottery style games. You should throw out lottery style poker games right away if you’re a serious player. These games rely on too much luck in order to win anything significant.

This leaves you choosing between cash games, MTTs, and SNGs. Here are the pros and cons to each of these choices:

• Cash games – Pros: great for steady hourly profits, especially when multi-tabling online. Cons: your losses can accelerate greatly if you’re not skilled.
• MTTs – Pros: give you a chance at winning a huge payout for a small buy-in. Cons: bigger MTTs have lots of variance, meaning you won’t cash often.
• SNGs – Pros: you can make a steady profit from SNGs without assuming too much risk. Cons: you need to multi-table SNGs or play higher stakes in order to make serious profits.

The biggest thing to keep in mind about poker is that it’s not an easy way to win profits. This is especially the case in today’s poker climate, which features better players than ever before. But as long as you’re willing to take a long-term approach to the matter – rather than expecting quick winnings – then you can slowly grind up the stakes and make some money. Moreover, poker offers more opportunities to become a profitable gambler than anything else on this list. Despite modern poker’s increasing overall skill level, you’ll find lots of juicy cash games, MTTs, and SNGs.

Chances are that you’ve seen a daily fantasy sports (DFS) commercial or two. These commercials are often aimed at making sports fans think that they can easily win money. This couldn’t be further from the truth, though, because DFS is a skill-based form of gambling. The biggest winners are those who dedicate the most time to creating lineups, analyzing statistics, and learning other strategies. Much like poker, you’re competing against other DFS players to craft the best player lineups. This skill aspect gives you an opportunity to win on a consistent basis.

Of course, not everything regarding DFS is about analyzing stats. You also need to develop simple strategies that’ll help you craft winning lineups. One of my favorite simple approaches involves looking for low-salary value players before filling out the rest my lineup. Focusing on the best value picks first helps me fill multiple positions on a roster before going for the high-salary players. Additionally, this allows me to see how much remaining money I have to go for the All-Stars at the end. DFS isn’t as lucrative as poker or sports betting for the average gambler. But you can certainly win some major money through this form of gambling.

Case in point: former poker pro Aaron Jones won $5 million through a DraftKings NFL contest in 2016. Plenty of other players have won large payouts since then. First things first though; in that you need to become a successful player before dreaming about a big win. I suggest starting with general strategy in low-stakes contests, before diving into advanced stats and programs that can truly make your winner.

Sports betting is similar to poker and DFS in that you can win long-term profits. But it also works differently from these two games in some ways. Poker and DFS involve competing against other players, with the house collecting a small amount of rake from the contest. Sports betting, on the other hand, revolves around trying to figure out which side of the line has more value. Therefore, you’re not competing directly against other bettors for winnings.

For example, you’d need to win 52.4% of point spread bets with 10% juice (comes from losing side) to be profitable. Winning over 52.4% of your wagers doesn’t sound extremely difficult. But keep in mind that even the best sports gamblers only win 53% to 55% of their point spread wagers. The rate at which you need to win moneyline bets depends upon the odds you’re taking. For example, you only need to win over 43.5% of the time on +130 moneyline bets to earn profits. But it’s not any easier to beat moneyline wagers than point spreads or any other type of bet.

The reason why sports wagering is difficult to profit from is because bookmakers are really good at setting lines. Their goal is to create equal action on each outcome in a wager, thus guaranteeing them a profit when the juice is taken into account. I mentioned earlier how you’re directly competing against other bettors. But you need to find favorable opportunities before most other gamblers, because lines shift when there’s too much action on one side.

Jumping on lines early is one of the best things to do as a sports bettor. This allows you to find value before any potential shift occurs to balance out the action. Handicapping is the main strategy for finding value in lines. This technique involves examining a variety of factors to see if the bookmaker’s odds lineup with your take.

Here’s an example:

• Atlanta Falcons +140
• Carolina Panthers -165
• You handicap this game.
• You think that the Falcons are undervalued at +140.
• You bet on the Falcons to win.

The factors that you look at when handicapping differ based on the sport. But basic elements that you should consider include injuries, player matchups, travel schedules, motivational factors, and statistics.

Stats are very important in sports gambling, because you can use them to spot trends that’ll give you an advantage over time. You can also use sports betting software to help you analyze advanced stats and make better bets. Of course, sports betting is like DFS in that you want to first learn the basics while concentrating on low stakes wagers. As you become more competent, you can graduate towards making bigger bets and using programs to help you out.

The esports industry has been rapidly increasing in popularity over the past few years. Esports betting, which has spawned from this growth, allows you to bet on the action. If you’re already a sports gambler, then you’ll appreciate the easy transition into esports betting. This form of gambling uses the same odds and types of bets that are featured in traditional sports gambling. You can also use many of the same handicapping skills to win esports wagers. The only difference is that you need to learn about the different games, leagues, and players involved.

Esports betting allows you to wager on over a dozen computer and console video games. Here are just some of the available games:

• Battlefield
• Call of Duty
• Counter-Strike: Global Offensive
• Dota 2
• Halo
• Hearthstone: Heroes of the Warcraft
• Heroes of the Storm
• League of Legends
• Overwatch
• Rocket League
• Smite
• Starcraft II
• Street Fighter

These games all have different leagues too, which gives you even more chances to specialize. But I strongly suggest that you only focus on one game and 1-2 leagues in the beginning until you master them. There’s no sense in wagering on a bunch of options and spreading yourself thin. Instead, truly get to know a single game before moving on.

5 – Card Counting

Card counting is an advantage play technique that you can use in blackjack to make profits. The goal is to keep track of aces and 10-value cards so that you know when you have a better chance to get natural blackjack (21 on first two cards). Casinos pay you either 3:2 or 6:5 on your original bet when you have a winning natural blackjack. Therefore, you can gain a temporary advantage by making larger bets when your chances of getting a natural increase.

The biggest benefit to card counting is that you don’t have to compete with other players to win. Instead, this is a matter of you learning how to count cards and avoid being caught by the casino. The latter is one of the biggest disadvantages to card counting. It doesn’t matter how good you are if the pit boss detects that you’re counting cards and has security escort you out the door.

This makes it important that you don’t spread your bets too much when you have an advantage. Here are examples of an acceptable spread versus what’s not:

• Acceptable – Going from table minimum of $10 to $50 (1-5 spread).
• Unacceptable – Going from table minimum of $5 to $500 (1-100 spread).
• Acceptable – Going from table minimum of $5 to $75 (1-15 spread).
• Unacceptable – Going from table minimum of $10 to $5,000 (1-500 spread).

One other critical aspect involves researching casinos and finding out which ones are more tolerant of bet spreads. Some gambling establishments will become suspicious immediately when you use a 1-15 spread, while others won’t as long as you’re not obvious about your counting efforts.

Of course, you also have to thoroughly learn and master a card counting system. The actual process of learning a system isn’t overly difficult, especially if you use one like the OPP or Hi-Lo. The Hi-Lo is my favorite for beginners, because it’s simple and will still produce good results. You should be able to learn how to use the Hi-Lo within a matter of minutes.

Also note that you’ll need a large bankroll so that you don’t risk busting out in your card counting endeavors. The average successful counter only has between a 0.5% and 1.5% edge, which makes for a lot of variance. You also have to account for how you’ll be placing big bets when you have a positive count. This increases the risk, which is why you want at least a few thousand dollars in your bankroll when starting out.

Hole carding is another advantage play technique that you can employ in blackjack. This strategy revolves around trying to see the dealer’s face-down card (a.k.a. hole card) when they peek for a natural blackjack. As you may know, the dealer peeks for a blackjack when their upcard is either an ace or a 10-value card. The round ends if they have a natural, and anybody without a natural automatically loses.

Under optimal conditions with a dealer that consistently shows their hole card, you’ll have anywhere between an 11% and 13% advantage. The biggest obstacle to hole carding is that there aren’t many dealers who’ll actually reveal their value when checking for blackjack. Chances are that you’ll have to sit at 100 or more blackjack tables before you find a really bad dealer.

You also need to sit in the correct seat to spot the dealer’s hole card. First base (seat to croupier’s immediate left) is best when there’s a right-handed dealer, and third base (seat to croupier’s immediate right) is best when there’s a left-handed dealer.

Video poker is the only house-banked casino game that offers you a long-term advantage. Unlike hole carding and card counting, you can sit at a video poker game for as long as you want and take advantage of profits. The first step to being a video poker winner involves knowing which variations actually provide an advantage. Here are the three most-common variants that will deliver long-term profits:

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