Becoming A Professional Gambler

Published on January 28th, 2009 12:13 pm EST

Anyone who takes down a big score while gambling has thought about it.

What would it be like to be a professional gambler?

What would it be like to live in Vegas and gamble for a living?

pro gambler playing roulette - adding chipsNow, The King is not going to be the person to stop you from pursuing your dreams.

However, you need to know how many "professional" gamblers live before you make an informed decision regarding your future.

Many professional gamblers are broke or close to it.

Many professional gamblers owe great sums of money to other gamblers - lending and borrowing is very prevalent in the gambling community.

Many professional gamblers go through "boom" and "bust" cycles where they are either doing really well, or struggling just to get by.

Many professional gamblers liquidate assets whenever they are on a downswing. This leads many to have zero in the way of net worth. No houses, cars or other investments. Many have either cash or jewelry as their only assets.

Many professional gamblers live "off the radar", meaning that they don't file taxes or have any other sort of similar activity.

Many professional gamblers are divorced and have broken families.

These are just facts. While not ALL professional gamblers lead this type of lifestyle, most do.

The King's recommendation?

Keep your job and play at night and on the weekends. Take multiple trips to Vegas every year if you want (hey, it's dirt cheap right now). Just don't quit your day job, because this is a tough business.