Years ago I read an article published by Michael Bluejay about how much better the odds of winning a million dollars in a casino was than playing the lottery.
Bluejay worked with Michael Shackleford, also known as the Wizard of Odds, for several years.
One of the easiest ways to make MORE money online with correct sports betting picks is through line shopping. Line shopping is a strategy that is not possible with brick and mortar casinos due to logistics and has really only become popular thanks to online sportsbooks. Now you know at least 9 ways to win $100,000 gambling. Some of them are long shots like playing the lottery, keno, or slot machines. But a few of them are more realistic like poker, blackjack, and sports betting. They just take more time. The games you choose to play and the way you go about shooting for $100,000 depends on how you want to play. So, play a mixture of games with different RTPs and you’ll soon discover the best way to win at slots, based on your personal gaming style and preferences. Understand Different Types of Slot Machines The next thing you can do is do your own research about the best online slots according to their types.
His system was parlaying a $10 bet 17 times. In other words, you start with a bet of $10 and double up after each win. You have to win 17 straight bets to win a million.
Of course winning 17 bets in a row is an extreme long shot, but it turns out that it isn’t near as long as hitting the lottery, or even a big progressive jackpot slot machine.
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The odds of doubling your way to a million starting with a $10 bet playing the player bet in baccarat or the don’t pass line bet in craps is less than 170,000 to 1.
But what if you only want to win $100,000?
What does this do to the odds?
If you use the Bluejay system the odds of doubling your way to $100,000 starting with a $10 bet playing baccarat or craps bets as described above improve to less than 20,000 to 1. If you start with a $20 bet they improve to less than 10,000 to 1.
Starting with a $100 bet reduces the odds to just over 1,000 to 1.
It’s clear that these are all long shots, but when you compare them to many lotteries that have odds of over 100 million to 1 to win the big prize they don’t look bad.
All of this made me start thinking about legitimate ways to make $100,000 gambling.
You can follow the method described above, or you can try one of ones I describe below.
Some of them are extreme long shots, taking a chance at one lucky break, and others have a better chance to work but may take longer.
The simplest way would be to bet $100,000 on a single event, like red or black at the roulette table, or on the player at baccarat, or on a sporting event.
But when I made the following list I made the assumption that you don’t already have $100,000 to gamble with.
1 – Slot Machines
Many slot machines have top jackpots that pay $100,000 or more. Some of the big progressives have a secondary prize that pays this much, and some of the machines that don’t even offer a progressive jackpot have top prizes this big.
The odds are long, but often you can risk $1 to have a chance at winning $100,000.
If you don’t get lucky and hit a big win the slots will consistently drain your bankroll.
2 – Keno
You can find keno games that offer a top prize of $100,000 or more for a bet of $1.
Keno has the worst house edge in most casinos so just like the slot machines it’s not a game where you’re going to grind out any profit. You need to get lucky and hit the big win in order to make any money.
3 – Win a Poker Tournament
Poker tournaments run around the world every day. Many of them have small buy in’s and small pay outs, but some have pay outs in the millions. Most of the WPT and WSOP events pay over a million to the first place finisher and many have final tables that all pay over $10,000.
It’s a challenge to win a poker tournament with hundreds or thousands of entrants, but if you’re a decent player your chances are much better than playing the lottery, slots, or keno.
If you enter a tournament with 1,000 players for $2,000 and the top 10 players all win at least $100,000 you have a one in 100 chance of hitting your goal. And if you win the tournament you’ll win considerably more than $100,000.
Poker tournaments are hard to win and it helps considerably if you’re a good player, but even as an average player you have a realistic chance to do well.
And even if you don’t make it to the final table and just sneak into the money you stand a great chance of doubling your buy in or more.
4 – Grind It Out at the Poker Tables
Everything I’ve talked about so far is based on longer odds. But if you can win on a consistent basis playing poker you can grind out $100,000. It just takes time.
A good poker player can win around one big bet per hour playing limit Teas holdem. So if you play $20 / $40 you just need to play 2,500 hours.
If you play 40 hours a week it’ll just take 63 weeks to reach $100,000.
If you play 50 hours a week it takes it down to just 50 weeks.
Of course many variables come into play. You may play at a different limit or play no limit holdem.
But the main point is if you can learn the skills and strategies needed to become a winning poker player all you have to do is play long enough and you’ll grind out $100,000.
5 – Sports Betting
Sports betting is another area that allows some bettors to consistently turn a profit. Just like poker it isn’t easy, but some punters do it.
The size of your bets and your ability to beat the sports book directly influence if you can make $100,000 betting on sports and how fast you can do it.
The keys are developing a winning system, managing your bankroll so you don’t run out of money on a down swing, and sticking with your system.
Though it isn’t quite the same thing, some bettors are able to develop winning systems betting on horses and dogs as well. The way to reach $100,000 is basically the same.
6 – Counting Cards
Just as some poker players are able to grind out $100,000 at the tables over time, some blackjack players who learn how to count cards can grind out a consistent profit over time.
Learning how to count cards isn’t as difficult as many believe. Anyone with average intelligence can learn fairly quickly, but using it effectively at the tables and getting away with it are also skills that you need to develop.
Even if you’re able to learn how to count cards and get away with it the profit is slow and the swings are still big.
At best you work with an edge of less than 2% and most of the time it’s closer to a half percent.
This means if your average edge is a half percent and your average bet is $100 and you play 100 hands per hour you make $50 an hour on average.
But one problem card counters face is they usually can’t play for hour after hour at the same table, or even in the same casino, like poker players can do. So it’s hard to play 40 or more hours per week. It’s possible, but it’s a challenge.
7 – Win the Lottery
I talked a little bit about the lottery in the first part of the post, and the odds are the worst you can find on this page. But for a small investment of a dollar or two you have the chance to win millions.
Some of the big lotteries have second place prizes of $100,000 or more, so the odds aren’t quite as bad if that’s your goal.
8 – Roulette
If you place a bet of $2,857.14 on a single number on the roulette table and win you’re up a cool $100,000. And the odds are only 37 to 1 against you, so it’s not out of the question for it to happen.
If you don’t have that much to risk you can bet $81.64 on a single number and let it ride if you win. If you win twice in a row you win just over $100,000.
9 – Video Poker
Jacks or Better video poker machines pay 4,000 coins for a royal flush, so if you play max coins on a $25 machines, making a bet of $125, if you hit the royal you walk away with $100,000.
The odds are long, but they’re considerably better than most slot machines and the lottery.
Conclusion
Now you know at least 9 ways to win $100,000 gambling. Some of them are long shots like playing the lottery, keno, or slot machines. But a few of them are more realistic like poker, blackjack, and sports betting. They just take more time.
The games you choose to play and the way you go about shooting for $100,000 depends on how you want to play. If you get a thrill out of the chance at a big return for a small investment you can find plenty of opportunities.
But if you enjoy grinding out a small edge over time you can do that too. Once you decide how you want to try to win $100,000 gambling you can get started any time.
Without a doubt, the number one question we get asked in regards to betting
online is “How do I make money gambling online?” The answer as you might expect
is not a simple answer. While we wish we could just tell you to “do x, y, and z
and you’ll be rich,” it’s just not that simple.
Making money online comes down to game selection and having clear
expectations of what you’re doing. The opportunities are huge, and there are
millions and millions to be made if you look in the right spots. Lucky for you,
we’re going to do our best to educate you and point you in the right direction.
The best way for us to approach answering this question is to answer it
individually for each different type of online gambling/betting that exists.
Specifically today we’re going to look at sports betting online, casino/table
games online, and skill-based online games. There are a few other obscure forms
of gambling online that do exist, but these main categories should encompass
almost all of the major types that are out there.
As a spoiler, I can tell you that it is possible to make money at each of
these, though, some will depend solely on your luck while the others are
sustainable based on your skill and abilities. The difference is going to come
down to whether the game is a luck based or skill based game. Let’s clarify the
difference first before we dive into each individual type of online gambling and
how to make money at it.
Luck vs. Skill
If you’ve ever hung around a casino or talked to gamblers before, you’ve
probably heard someone at least once tell you that they had a system to beat a
certain game. It might have been craps or roulette or maybe even blackjack. The
problem we always noticed when we heard this from someone was that they were
broke or were not rolling in the money. If they truly had a system to beat a
casino game, wouldn’t they be doing it 24/7 and living the high life?
The real reason they don’t do this 24/7 for a living and aren’t living the
high life is that
most casino games are luck based. Luck based games are games
where the house has the edge. This means that there are no super secret systems
out there that can beat these games outside of cheating. Does this mean you
can’t make money at them? Of course not. All it means is that in the long-run
over thousands and thousands of hands, spins, or rolls, the casino is going to
win.
This means you can most certainly make money in the short run. Many gamblers
go months and sometimes years winning at games. The thing to note, though, is
that this is a statistical anomaly that will correct itself. In the end, the
casino will ALWAYS win at luck based games. There is a silly cliché phrase
that explains this:
Spotting a luck based game is easy. If the game is run by a casino (live or
online) and you are playing against the casino and not versus other players,
this is a luck based game, and they are going to have a long run edge. Again,
you can still make money playing these games (and lots of it), but in the long
run over thousands and thousands of games, the casino will ultimately win.
Skill-based games, on the other hand, have no house edge. These games are
ones where players compete against each other instead of against the house (the
casino). The casino will take a small fee for facilitating the game, but
ultimately it is up to the players who wins the money.
Skill-based games are sustainable ways for people to make money long-term. If
you are good at a skill based game and can continually get people to compete
against you, you can make a full-time living playing the game. These games are
easy to spot as they are games where players are competing against other players
and not the house.
Making Money Online Playing Casino Games and Slots
We have some good news, and we have some bad news when it comes to making
money gambling on your favorite casino games and slots. The bad news is that
online casino games and slots are games of luck that the house will always have
a long-term edge on. The good news is that regardless of this, you can still
make a lot of money at them!
Addressing the bad news first, you need to realize that there is no system
out there to “beat” online casino games to make a living playing them. You will
never be able to be a professional slots player or a professional roulette
player or anything like that. Ultimately, the casino edge and statistics are
going to prevail, and the casino is going to win. Understanding this is
imperative to have a great time playing these games online.
Regarding the good news, though, this does not mean you can’t make money
playing online casino games and slots. First, the casino edge is only for the
long term. The long term usually means hundreds of thousands and millions of
spins of a slot or roulette wheel or hundreds of thousands of tosses of the
craps dice etc. You may play the games and never ever experience the long term
statistics correcting themselves. The casino edge on most games is only a couple
of percentage points meaning you can totally have major winning sessions and
runs.
An Analogy to Help
Imagine this analogy. There are two bettors, you and a friend, who are going
to bet on the flip of a coin. You are going to take turns flipping the coin with
you allowed to bet on every flip. If the flip is heads, you win your bet. If the
flip is tails, you lose your bet. You do not have a choice; you have to bet
heads every time.
We all know that coins are going to land on heads 50% of the time and on
tails 50% of the time. Let’s say we alter the coin a little bit to make it more
like when we are betting against the casino giving them an edge. Let’s say that
this coin lands on heads only 48% of the time and on tails 52% of the time.
This represents the long-term edge that the casino is going to have.
You and your friend start flipping the coin and placing your bets against the
house. You each get to flip the coin 50 times. If everything happened without
any variance, you both would get heads about 48% of your flips and lose a tiny
bit of money to the casino over the course of the flips. But variance comes into
play. Variance says that over ALL 100 flips about 48% will be heads, but it
doesn’t necessarily say which of you two are going to get more or less of the
heads in the short run.
It’s possible that you get heads 48 of your 50 flips and your friend gets
heads zero times in their 50 flips. At the end of the day in the long-run, the
casino is still making money because it is winning 52% of its bets, but you’ve
made an absolute TON of money. The point here is that most recreational gamblers
will be operating in the short term for most or their entire gambling career.
Jackpots
Part of the way that this variance spreads itself out is through jackpots.
Not all players are going to win jackpots but if you do win one you can bet that
you’re going to be a lifetime profitable gambler (depending on the size of the
jackpot of course). Jackpots still fall in line when it comes to
statistics and house edge, but that doesn’t mean you can’t be one of the players
to fall outside of the statistical norm and strike it rich!
Bonuses
One way to fight back against the house edge and a lot of times turn it in
your favor (at least temporarily) is by
taking advantage of bonuses. Bonuses, as
you may already know, are free money/free spins/free play that online casino
sites will give you to try to attract your business. A lot of times the benefits
of these bonuses will turn the odds in your favor while you are using the bonus.
Of course, they won’t give you the bonus forever because they would lose
money and have to shut their doors. But in the short term, you can definitely
take full advantage of these promotions and clean up some easy cash. It’s also
of importance to note that there is no reason you can’t jump between a few sites
to take advantage of different promotions.
This is a lot like going to a different grocery store for a week because you
have a coupon for something. There is nothing unethical about it, and the sites
actually would prefer you use their promotions. The reason they run the promos
is to get you in the door to try out their product in hopes that you will stay
or make a change from your home site.
Making Money Online Sports Betting
Sports betting is a complete 180 the other direction from online slots and
table games. Sports betting is a skill based bet (depending on the bets you
choose). While you might think you are betting against the house, they are
actually manipulating lines so that you’re basically betting against other
players and they are taking a small fee for facilitating the bets. With proper
skill and a sharp eye, you can make a living as a sports bettor. Is this
difficult? You bet your butt it’s difficult but it’s completely possible, and a
lot of people do it every day.
So how do you make money online betting sports?
Simple. Join a sportsbook and
start making correct picks. Start with a sport that you know well and do
extensive research. If you can come up with a system to properly predict games
and outcomes, you can be a successful sports bettor.
One thing that is extremely important to point out is that you have to choose
the right type of sports bets or you’re going to be placing luck based bets
instead of skill based bets. As you may or may not know, you can bet on a lot
more than just who the winner of a game is going to be. You can bet how many
points will be scored, how many times they will do something, who will score
first etc. Some of these bets will require research and skill to make a correct
pick, and some are just going to be dumb luck.
Here are two different sports bet as an example. One is a skill based bet and
one is a luck based bet.
- Will Rob Gronkowski score more or less than 1.5 touchdowns in a game?
- Will the final score of the Patriots be odd or even?
As you can hopefully see, the first bet would require you to have strong
knowledge of how Rob Gronkowski is going to perform in a game. You would have to
look at the defense he is up against and predict the game plan of attack the
Patriots employ. There is a lot of skill that goes into picking this bet and the
more knowledgeable and skilled you are, the better off you will do. This is an
example of a skill based bet that you could profit from long term if you were
sharp enough.
The second bet about whether or not their final point total is odd or even is
really just dumb luck. You could make some crazy argument that you can predict
the exact game flow and how many points they score, but in reality, you are just
guessing. This is an example of a luck based bet that you can still make money
off of but it is not sustainable long term. As long as you’re aware of this,
have at it!
It’s important to point out that these bets are not segregated or separated
at all when you go to the online sportsbooks. The luck based and the skill based
bets are all going to be listed side by side, and it’s up to you to be able to
decipher the difference. Honestly, it should be easy to tell the difference by
just taking a few minutes to pay attention to what you’re betting on. If it is
something that you are struggling to find data and information to support your
pick, it is probably a luck based bet.
The Beauty of Line Shopping Online
One of the easiest ways to make MORE money online with correct sports betting
picks is through line shopping. Line shopping is a strategy that is not possible
with brick and mortar casinos due to logistics and has really only become
popular thanks to online sportsbooks. Line shopping is the process of checking
several different sportsbooks to get the best odds and payouts possible for your
bets.
You just can’t do this in real life unless you live somewhere like Vegas
where you have a ton of different sportsbooks right next to each other. Even
then, most of the books there are interconnected, so the odds are going to be
the same at all of them. Online, though, you tend to see a lot of greatly
varying lines for the same bet.
Let’s say you are planning to bet the Miami Heat to beat
the Golden State Warriors on the moneyline at +150. Let’s say you’re totally
confident on this bet and you think it’s the easiest bet in the world. Is this a
good bet for you to make?
A better question would be, is this the best bet you can make? If you were to
take a few seconds and line shop another online sportsbook, you would see that
one is offering the same bet for +170. This is the exact same bet except if you
place it at the second online sportsbook you will get paid out more money. If
you bet $100 and the Heat win, the first sportsbook will pay you $150 in profit
and the second will pay you $170 in profit.
By simply taking advantage of the technology that comes with betting online,
you can make MORE money on a correct pick just by taking a few seconds to check
a few different sportsbooks. We can assure that this is not a rare occurrence to
find varying lines. It’s actually a fairly common occurrence to find different
lines, and it can greatly affect the amount of money you make betting online.
Best Way To Win Money Online Gambling Sites
Making Money Online Playing Skill-Based Games
You may notice that in the title of this section it does not say anything
about “gambling.” This is because gambling refers to placing wagers on a game of
chance that you have no control over. Out of all the different bet types on this
page, these are the ones that you have the most control over. Skill-based games
are games that pit two or more players against each other. Skill-based games are
NOT played against the house, but as we stated earlier, the house takes a small
cut for facilitating the game.
Skill based games can 100% be played for a living as long as you can continue
to get people willing to play against you. While some of these games do have an
element of luck, the majority of the game’s outcome is determined by skill. This
means that a worse player may win a few games in the short run, but the better
player will always win out in the long run.
For example, if you get your money in the middle playing Texas Hold em poker
(a skill based game) with pocket Aces against J-10, you’re supposed to win that
hand based on the statistics. However, it is entirely possible that you lose
that hand in an unlucky fashion. If you continue to get your money in
significantly ahead, though, statistics should even out, and you should make
money in the long run. Though you might lose in the short run, you will prevail
in the long run.
Some of the most popular skill games you can play for money online are:
Win Money Online Philippines
For more information on playing these games online, here’s a guide we’ve put
together for you:
The Bottom Line of How to Make Money Gambling Online
Hopefully, if you’ve read until this point, you have a pretty strong idea of
the different options you have when it comes to making money gambling online.
Depending on whether you’re just looking for some recreational fun or a way to
make a living, we’ve given you several different options in both directions.
Remember, be realistic with your expectations and don’t try and make a career
out of a game that you are not statistically supposed to win long term at.