Gambling is a long-term endeavor. The entire industry is built on the notion that you give the casino your cash, and in exchange, they provide you with entertainment.
Still, it’s the dream of nearly every gambler to somehow strike it rich and tell those clowns at work precisely what they can do with their mandatory overtime.
Making a ton of money gambling comes in many forms. Some of them rely on pure luck, while others require years of dedication and hard work.
Here are 10 real money gambling methods that give you the best shot at an early retirement. Which path will you follow?
Betting It All on One Shot
One of the most compelling ways to gamble is by loading your entire bankroll on one bet. This method is terrible if you’re looking to manage a casino bankroll and stay in the game long-term.
In fact, I can hardly believe I’m suggesting it. However, if you want to hit it big, you’re going to need to take some chances.
Why not take one chance at cashing in big?
We’ll use roulette as an easy example; a single number bet pays 35 to 1. So, if you need $3.5 million to retire early, you’d merely lay a cool $100k on your lucky number and hope for the best.
Hitting the Lotto
The lottery seems to be the retirement plan of an alarming number of people. Millions of Americans without any formal retirement savings plan to bank on the lottery to bail them out of dire financial straits.
That is problematic for several reasons. The main reason being the actual odds of winning the lottery.
Players see the massive sums of cash being won in Mega Millions and Powerball and think they’re due next. Sure, upwards of $100 million is enough to entice even the most critical lottery skeptic.
Still, the odds remain the same for everyone. Your chance of hitting the Mega Millions jackpot sits at 1 in 302,575,350. For the Powerball, you’re looking at a slightly better shot of 1 in 292,201,338.
All of that being said, your chances remain at zero if you never buy a ticket. So, throw a couple of dollars down on occasion.
Hopefully, one of you will be extremely lucky and become rich beyond your wildest dreams.
Becoming a Poker Star
Professional poker players aren’t all jet-setting world travelers playing for millions of dollars on television. So, you don’t need to become a real star to head to an early retirement, but it helps.
Most professional poker players I know are rather low-key. They take their job seriously, and it pays off for them.
The payoff can be tremendous; I’ve known several poker pros that amassed enough money to retire before 60. Many of them still play poker a few days a week, but they were able to escape the grind of corporate America.
Card counting suffers a negative image, mainly due to misconceptions and misinformation. Many gamblers ask themselves – is card counting illegal?
That’s not the case at all, though the casinos love players to think that. If players knew that card counting was perfectly legal, more gamblers would learn the skill.
Once you learn to count cards, you have a long-term advantage on the casino. You flip the script on them, and they don’t like it at all.
The casinos spend money and dedicate a lot of resources to combating card counting in their blackjack games. Still, avoid detection, and you could amass a fortune in a relatively short time.
Believe me, counting cards is not hard! It is far more straightforward than you think.
Not Your Grandma’s Bingo
I regularly see and hear gambling pundits giving bingo a bad wrap. Sure, the game is regularly associated with small parlors in painful areas full of octogenarian gamblers.
However, casino bingo is much bigger than all of the negative hoopla. In fact, some casinos are dedicating huge rooms with a capacity reaching 4,000 to accommodate the demand for bingo games.
You can win serious cash playing bingo. The most giant casino pot I’ve seen was north of $8,000,000.
That fabulous cash prize was won from a simple $50 wager in an online bingo casino. This is a truly rare case, but players are regularly scoring wins of five figures and up all around the world.
Slot Machine Jackpots
Slot machines are the most popular games in the casino. Gamblers flock to the machines for their simplicity and their entertaining nature.
I suppose the massive jackpots play a significant role in the popularity of the games as well. Slot machine jackpots quickly rise to over $100 grand.
In some progressive slots jackpots like Megabucks, the prize is often in excess of $10,000,000. All of this on a simple $3 wager.
Based on what machines you’re playing, the casino may be taking an edge of over 10% on you. So, the scenario is far more likely to turn out as you’re pilfering through your money before the massive win arrives.
Bet on Sports Like the Greats
Betting on sports is hands down the most lucrative form of gambling. The greats of sports betting have spent countless hours over the years honing their craft.
In return, the successful ones have been blessed with monumental piles of money. Some have gone on to build their own casino empires, while others settle for owning their favorite sports franchise.
You can’t get more prosperous in a casino than killing it in the sportsbook. It’s much easier said than done; profitable sports bettors have to win over 53% to break even. That’s the price you pay for overcoming the vig.
Still, any brilliant bettor that can hit 55% and execute bankroll management will make enough money to last several lifetimes.
So, if you want your grandkids to also enjoy an early retirement, focus on sports.
Progressive Table Games
Progressive table games are still foreign to many casino gamblers. The premise is relatively easy once you’re familiar with the way they work.
Essentially, you take a classic casino games like blackjack and add a side bet that pays a specific hand bonus.
So, you have a real opportunity to strike it rich while playing a game with a much lower edge than slots, for example.
If you’re lucky enough to draw four aces, you could win a jackpot well over a quarter of a million dollars. Advantage gamblers will tell you to avoid the side bet because it increases the house edge, but they’ll never hit the jackpot.
Keno Could Put You Closer
Keno runs along similar lines to bingo in terms of how it’s viewed by most of the gambling community. It’s where defeated gamblers go to make one more desperate swing for the fences.
However, you can make some legitimate coin playing keno for real money. You’ll also be able to enjoy hours of casino action for a relatively low cost.
The action moves slowly in keno with only a few drawings an hour. So, even if you lose every wager, you’ll be out less cash than if you were playing slot machines.
You can win several prizes that will pay you over $10,000, with the top prize being a whopping $200,000. That’s enough money to make retirement closer for almost anyone.
Daily fantasy sports have seen a significant decline in popularity over the past decade. Part of this is due to various legal struggles the main two competitors have had over this time.
The rise of legal sports betting across the US has also played a significant role in the discipline’s wavering fan base.
DFS is highly competitive, and you won’t be able to merely set a lineup and hope for luck. Winning requires equal parts skill and strategy.
If you’ve got what it takes, you could be retiring sooner than you think.
Our Final Thoughts
These 10 gambling habits that give you the best shot at an early retirement aren’t geared for the faint of heart. You’re going to have to take some risks if you want to enjoy year-round Caribbean cocktails on the beach.
However, if you’ve got the grit, you could reap some life-changing rewards.