Every gambler has thought about what it’d be like to earn a living through casino games. This spawns visions of making a 6-figure salary, feasting on comps, dressing like James Bond and traveling the world.

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But is being a professional gambler really this lucrative?

Let’s begin discussing the matter by defining what it means to be a pro. You and I will also cover the salaries that pro gamblers make in different games.

How Do We Define a Professional Gambler?

The term “professional gambler” is sometimes used interchangeably for both people who earn part-time and full-time income through gambling.

This makes sense because both groups have the skills to earn long-term profits. Therefore, you can technically be considered a pro gambler as long as you’re making profits of any kind throughout the year.

But I keep a much tighter definition of a professional gambler.

A true pro not only makes profits through gambling, but enough to pay all of their living expenses. This includes rent (house payment), utilities, car payment (transportation), insurance, meals, clothes and anything else deemed necessary.

A semi-professional is somebody who makes enough to supplement their income, but doesn’t earn full-time living through gambling. I’m only going to cover full-time professional gambler salaries in this post.

What Casino Games Offer the Chance to Make a Living?

The gambling world doesn’t offer an abundance of opportunities to make a living, but there are a few different games where you can earn some nice profits.

Here’s a list of the most common games that you can make long term profits with:

Blackjack card counting
Daily fantasy sports (DFS)
Poker
Sports betting
Video poker

Blackjack and video poker both see you try to win money directly from the house.

Casinos do everything in their power to hinder successful card counters. This includes using continue shuffling machines, multi deck shoes and watching for counters.

Anybody who’s caught counting cards is often kicked out of the casino and banned. This is why it’s so important for card counters to blend in with normal players.

Casinos don’t usually worry about advantage video poker player. In fact, some games are set up to offer positive expected value (+EV) to players who use perfect strategy.

Another problem is that it’s now harder than ever before to find video poker games offering over 100% payback like Deuces Wild (100.76% payback), Double Bonus (100.17%) and Double-Double Bonus (100.07%).

DFS and poker both see you compete against human opponents. The house merely takes a small cut of tournament fees or cash game pots (poker).

Sportsbooks create lines in an effort to get equal betting action on both sides. The sportsbooks make their money by taking 10% vigorish (juice) from the losing group.

Every form of advantage betting has its pros and cons, but the key is that each of these activities offers the chance to make a full-time living.

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Salaries for Professional Gamblers in Different Games

Card Counting

People have been making a living through card counting since the early 1960s, and despite all the obstacles that casinos have put in players’ way, it’s still possible to earn profits with card counting today.

You need a sizable bankroll in order to properly spread your bets and survive variance. The bare minimum you should aim for is $20,000, but it’s better to have closer to $50,000.

How much you make depends upon several factors, including the following:

Skill level – Successful counters have between a 0.5% and 1.5% edge on casinos.
Hands per hour – 50 to 200 depending upon dealer speed & table size.
Bet spreading – Difference between your lowest and highest bet.
Deck penetration – The further into the shoe you get, the more confidence you can bet with.
Counting system – Some systems are more accurate than others.
Game rules – You want the best rules possible in order to lower the standard house edge.
Tips – $5 per hour for the dealer is standard.

Now, let’s set up an example by creating variables behind your counting session:

You have a 1% edge based on the rules, your skill level and using the Hi-Lo counting system.
The dealer is dealing 100 hands per hour.
Your minimum bet is $25, and you spread up to $175 during favorable counts (i.e. 1 to 7 spread).
You get 70% deck penetration before the shoe is reshuffled.
You tip $5 per hour.

Here’s how this example would play out in terms of profits:

Your average bet is worth $50 ($25 minimum; spread up to $175 for favorable counts).
$50 average bet x 100 hands = $5,000 in hourly bets.
5,000 x 0.01 edge = $50 hourly win.
$50 hourly win minus $5 tip = $45 hourly profit.

Some counters make $100 or more per hour by improving their edge up to 1.5% and/or increasing bets, but many players are happy with a $45 per hour rate to start with.

The final step is to figure out how many hours you’ll play and convert this into an annual salary. Here are a few different figures on how much you’d make per year:

$45 x 40 hours per week x 52 weeks = $93,600 per year
$45 x 30 hours per week x 52 weeks = $70,200 per year
$45 x 20 hours per week x 52 weeks = $46,800 per year
$100 x 40 hours per week x 52 weeks = $208,000 per year

The last figure shows what’s possible for a really good card counter who makes $100 per hour. The $45 calculations show that even decent counters can make good money.

The keys, though, include keeping an accurate count amidst casino distractions and blending in with normal players.

Daily Fantasy Sports

DFS is the newest game that offers skilled gamblers an opportunity to make money.

Daily fantasy sees you pay an entry fee to enter contests and compete against other players. The goal is to create lineups that score the most points and rank the highest in tournaments.

Daily fantasy sports experienced a big boom in 2015, thanks to clever marketing campaigns that make it seem like any sports fan can win.

The truth, though, is that only a small percentage of those who play actually win. A McKinsey study from 2015 showed that 1.3% of daily fantasy baseball players collect 91% of the winnings.

Despite these long odds, many people still enjoy trying to win in daily fantasy, but what exactly can you expect to win if you’re among the small percentage of DFS pros?

The potential for big winners is there for the most skilled daily fantasy players.

Saahil Sud, profiled in a WBUR piece, said he made over $3 million in profits in a single year. Former poker pro Aaron Jones switched over to DFS and won a DraftKings contest worth $5 million in early 2016.

Of course, the average professional DFS player doesn’t earn quite this much. To determine a standard DFS salary, let’s consider the following factors:

Entries per day— Most DFS pros enter several hundred contests every day.
Stakes – Typical entry fees range anywhere from $1 up to $1,000.
Fees— DFS sites tack on a 10% fee to each buy in,

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