Comments on: How I Became a Professional Gambler

By: patrick

patrick — Mon, 12 Jul 2010 18:28:42 +0000

My guess is that Tynan probably used sign up bonuses in order to gain a positive EV. He would keep creating new accounts, playing until the sign up bonus was depositable in his cash account and then close up for the day. Maybe do 2 or 3 accounts a day or more. That’s my guess. Unfortunately, these days it is much harder to do this then it used to be because casinos have started employing countermeasures. Just as card counters had their day in the sun and then got cracked down on, so did gamblers like Tynan. It’s probably still possible to do what tynan did, however you will be spending a lot of time outwitting casinos and avoiding detection, just as card counters do now a days. It’s probably still possible to be profitable doing so, but the amount you will get per hour spent outsmarting casinos is probably so small that your time is more valuable in most other jobs. Plus most other jobs don’t have the potential threat of being shut down by either smart casinos or law enforcement (I’m not saying this is illegal now. I am saying that out of all the potential money-making activities out there, this is one that law enforcement would look closely at). I’d guess that the time for this has passed and people would be better off finding something else to do to make money. If you still want to gamble, count cards at blackjack, it’s a proven method. Or play poker, because you’re not playing against the house. Then you just have to outsmart the other players. The online bonus gig is up. Probably too much trouble to be worth it anymore, and the casinos are going to make it even harder to make money that way if it’s at all possible for them to do so. If you’re going to spend that kind of time, you could just as easily master a sales job or a trading system or something else which is worth a lot of money as well.

By: DUCY?

DUCY? — Thu, 20 May 2010 06:34:53 +0000

I can’t believe there are people out there who think Martingaling is a strategy that will yield a positive expectation over the long run. Hate to burst anyones bubble, but the Martingale system is -EV and you will lose money playing it. Back in the day you could bonus-whore the online casinos playing games where the house has a slight edge and the bonus would give you a positive expectation, but those days are long gone and they won’t be coming back.

You can sometimes have an edge in blackjack, however most people will never have an edge and those who do will have a very tiny one. Sports betting offers greater edges than blackjack but long term you’ll likely only have a 5%-10% edge if you’re good at it. The best way to make money in gambling is via poker, however most people are far too results-oriented and emotionally unstable to cope with the swings associated with the game.

Playing poker for income is a very stressful job especially now that there is so much information available and people have gotten so much better at the game. Anyone who thinks you just click buttons and print money is dead wrong.

By: mr. smith

mr. smith — Thu, 13 May 2010 07:07:37 +0000

I tried the martingale system up to casino table limits, I made a lot of money, getting lucky, then hit a bad streak and gave it all back. I then tried to tweak the system and not leave myself so vulnerable to bad luck taking all my winnings. i played different games, casino war, black jack, baccarat, etc. I think best odds are in baccarat so i have been using my new and improved system in baccarat only. My system includes multiple betting strategies including, martingale, positive progression and hedging. in this system i take my bets to a much higher increment of bets assuming i have a winning streak. Your profits and losses can vary from day to day. I don’t have unlimited funds, i do have a family to think of, so i don’t play often and don’t have a good understanding of the potential profit i can make. So i started to think of getting investors to put anywhere from $10 to $1,000. i have a lot of friends that are interested and pledged to invest. If we pool our money together we can do some have a chance of winning if i know no one gets hurt since no one is putting a lot of money. If anyone is interested in investing please email me at moneymyster@gmail.com

Remember we are gambling only invest what you can afford to loose.

By: AsianPunter

AsianPunter — Mon, 26 Apr 2010 14:54:06 +0000

OH MY GOD.. This was what I had been planning to do after I decided to quit my university last month. We had the same plan. I was now on the beginning stage whereby I had to build up a capital for ard $5k to try out the normal martingale instead of double as I think double martingale is more risky than normal if you are on a losing streak. Additional, the max cap for table game is the way they counter martingale. My plan is to win 4 shoes of $50, $200 per day and multiply it by 20days if I compared it to 9-5 job which add up to $4000. Before reading your article, I feel like nobody understands me as I had been keeping this plan from my parents and friends as all are too bound to the society and thinks gambling = bad + no future. I wanted to start this gambling business for a few years, piled up a sum and start an office so I can end the gambling for a better income. Thx for your article which calms my minds and heart as I know there is someone in this world had been through with this plan and I AM NOT ALONE!!! Cheers! Btw I am from Singapore!

By: Paul

Paul — Wed, 03 Feb 2010 03:46:04 +0000

You leave douchey comments on blogs of people much more interesting than you.

By: Haywood Jablomi

Haywood Jablomi — Fri, 15 Jan 2010 21:17:36 +0000

You lie for money

By: Anthony

Anthony — Tue, 12 Jan 2010 21:47:03 +0000

Good on you tynan … i would love to do what you did and make money from gambling but i dont have the balls. but fair play you took the risk and it payed off im happy for you

By: Tynan

Tynan — Sat, 26 Dec 2009 07:27:20 +0000

I did not master the Martingale system, and never said I did. Doing such a thing is not possible.

I got lucky and ran $1000 up to $10k with a friend in Martingale. My half of that money and the obsession with gambling that came with the run started me towards professional gambling.

I won’t say what I did.

By: Neil R.

Neil R. — Sat, 26 Dec 2009 07:23:23 +0000

Dude, this is bullshit. Sorry. You’re story reeks, and you obviously are holding back some of the truth. I started reading you after your post on Reddit, and am a fan of Life Nomadic, and most of your posts. But to say that you mastered the Martingale System is a bold-faced lie. Numerous people have tried to simplify the system that you “supposedly” mastered, and everyone would like to see how you made up for Maringale’s inherent flaws. By stating that you know the answer, but refusing to show, you insult progression, and welcome yourself to open criticism for your claims. There is no reason to hold back, as it will not affect your profits, especially playing online, as you claim you do. Let’s see the magic, Tynan.

By: Emily W

Emily W — Fri, 11 Dec 2009 18:10:26 +0000

Do you give speeches? I’m am organizing a Leadership Camp for FFA students in Arizona and our theme is Las Vegas, Betting it All. Let me know.