Hallmarks of Professional Slot Machines Players
Can you make a full time living from playing slot machines?
Even though it is hard to believe, there are people who make a living off slot machines. They pay taxes on their winnings. They are able to charge their expenses against their winnings when they report their income.
Professional slot machine players
It is possible to be a professional slot machine player, but it means that you have to cultivate self control, and make money consistently.
The professional slot machine players do not go for the big jackpot. They aim to win a small amount every day. Some professional slot machine players aim to make an hourly rate of between $50 and $100.
The small winning will add up to a regular income. It is very much like you receive a salary from your full time employment.
How do they do that?
First of all, they do not fall in love with any machine. There is no such thing as the lucky machine for them. They understand that the slot machines are programmed to hook a player to that particular machine. Once they win, they cash out and play other machine.
They do not think that small regular wins in the same machine means that the big jackpot is ahead. No, they cash out and run. They do not aim for the biggest jackpot this way, but they do make money in the long run.
Most professional slot machine players know that the machines near the entrances and exits are programmed to pay out regularly. The casino managements want to let people who step into the casino think that winning is so easy.
Even then, the professional players do not fall in love with any particular machine. They adopt a play, win and run strategy.
If the machine does not pay within a few tries, they quit the machine. They do not think that playing longer means winning. They do not think the machine is due for payment after sucking so much money.
Some players try a machine for 10 spins. Some players test the machine for 20 spins. Once the number of spins is up, and the machine does not pay, they quit the machine.
If the next player sits down and win, the professional players will not regret, and think that they should stay on a few minutes longer. Once they quit a machine, they do not think about it anymore. They concentrate on the next machine.
The professional slot machine players have a budget to play for a day. If they budget a thousand dollars for a particular day, they play through the thousand dollars. They do not use their winnings.
They keep the winnings in a separate account, and do not touch the winnings. For example, they used $50 in a machine. They play through the $50 and win $100 dollars. The $100 winning are not used that day. Winning any amount, whether big or small, does not mean that they can play with more money that day.
Professional players always sign up as a member of the casinos players' club. They always use the card to earn complimentary points. They exchange the points for accommodation and food.
When it is time to declare tax on their spending and earnings, having a card means that all the transactions are recorded. They are able to print out a profit and loss statement, and submit to the authority for income tax assessment.
Professional slot machine players always play max bets. No matter what kind of machines they play on, they play maximum lines, and maximum bets.
Slot machines are programmed to entice players to part with their money. The more money the players are willing to part with, the more the machine rewards them. Playing maximum lines and maximum bets increase the likelihood of winning.
If the professional slot machine players do not have the budget to play the dollar machine, they will play the nickel machine. No matter what is dollar value of the machine, playing max provides a better chance of winning.
The professional slot machines players enjoy the game, but they are not addicted. They are not those that play 24 hours nonstop. Professional players know when to quit. Once they play through the budget, they quit. Even if they make a loss that day, they do not think that using more money means that they can gain the money back.
Self control is the hallmark of a professional player.
Do you have the self control to cut loss? Do you have the self control to take the winnings and run? Do you enjoy playing the slot machines and yet are not addicted to the game? If you are, you are likely to make a living off playing slot machines.
Scheng1 is a passionate blogger from Singapore. Rich in every sense reveals my deep desire in enjoying life, and be rich in every possible ways. Personal Finance is about money, from making money to investing money