Results 1 to 3 of 3

Thread: How do professional players manage their finances?

  1. #1


    Did you find this post helpful? Yes | No

    How do professional players manage their finances?

    Hi all, I make a couple of presumptions in this post so for the sake of clarity I’m going to define my terms first.

    When I say “professional blackjack player” I am referring to a person whose primary means of income is playing blackjack. Or for whom their income from blackjack is required to maintain their day to day living.

    Further we are presuming that their bankroll is subject to a regular amount of variance and they haven’t found some way to cheat good old standard deviation.

    Based on most of the educated voices on this to ‘make a living’ as a player one has to play many hours a week at high hand values and they should have a bankroll after adjusting for risk of failure in the tens or hundreds of thousands of dollars.

    So everything is great on an upswing but how do these individuals support themselves on a downswing? When you hear of players having a year or two on a downswing how do they fund living? Do they withdraw from their bankrolls (thus increasing risk and undermining the entire idea in the first place)? Do ‘professionals’ only play with or leverage other people’s funds? (Seems like a hard investment to sell)

    I guess what I am asking is is there a sensible way to make a living playing blackjack for any length of time or is one required to be independently wealthy/retired?

  2. #2


    Did you find this post helpful? Yes | No
    One or two years downswing? That's a lot.

  3. #3


    Did you find this post helpful? Yes | No
    Quote Originally Posted by Mags View Post
    Hi all, I make a couple of presumptions in this post so for the sake of clarity I’m going to define my terms first.

    When I say “professional blackjack player” I am referring to a person whose primary means of income is playing blackjack. Or for whom their income from blackjack is required to maintain their day to day living.

    Further we are presuming that their bankroll is subject to a regular amount of variance and they haven’t found some way to cheat good old standard deviation.

    Based on most of the educated voices on this to ‘make a living’ as a player one has to play many hours a week at high hand values and they should have a bankroll after adjusting for risk of failure in the tens or hundreds of thousands of dollars.

    So everything is great on an upswing but how do these individuals support themselves on a downswing? When you hear of players having a year or two on a downswing how do they fund living? Do they withdraw from their bankrolls (thus increasing risk and undermining the entire idea in the first place)? Do ‘professionals’ only play with or leverage other people’s funds? (Seems like a hard investment to sell)

    I guess what I am asking is is there a sensible way to make a living playing blackjack for any length of time or is one required to be independently wealthy/retired?

    You have to be independently wealthy. Card-counting isn't really financially viable for most people for that reason.

Similar Threads

  1. Looking for Professional BJ Players in SoCal Area
    By Darien in forum General Blackjack Forum
    Replies: 4
    Last Post: 07-08-2022, 10:59 AM
  2. Professional and semi professional blackjack solo players DO use Hi Lo in 2015
    By Masterhoudini in forum General Blackjack Forum
    Replies: 22
    Last Post: 10-29-2015, 02:13 AM
  3. Part Time Professional Players (PTPPs)
    By Aslan in forum General Blackjack Forum
    Replies: 58
    Last Post: 03-12-2015, 11:35 AM
  4. SW: Professional blackjack players
    By SW in forum Blackjack Main
    Replies: 5
    Last Post: 10-01-2002, 06:29 PM

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  

About Blackjack: The Forum

BJTF is an advantage player site based on the principles of comity. That is, civil and considerate behavior for the mutual benefit of all involved. The goal of advantage play is the legal extraction of funds from gaming establishments by gaining a mathematic advantage and developing the skills required to use that advantage. To maximize our success, it is important to understand that we are all on the same side. Personal conflicts simply get in the way of our goals.