ElI5: how professional gamblers make money?

Question

If the house is favored in the long run how do pro gamblers make money?

In: Mathematics

Answer 1

Mostly by betting against other players: In games like poker, professional gamblers focus on playing against other players rather than the house. They use skills like bluffing, reading other players, and strategic betting to gain an advantage. In games like blackjack or baccarat, a deep understanding of statistics and card probabilities is crucial. They often use card counting or similar strategies to track what cards have been played and predict what might come up next.