The only way to make money from gambling (0% risk)

E Panagiotopoulou
4 min readNov 1, 2021

They say “Money won is twice as sweet as money earned”, but I never resonated with that expression. The few times that I won money gambling it felt like a weight to me, attached to an urge to gamble more, and make more money, and the cycle continues.

Perhaps it’s because of my innate tendency for all things addictive, but nothing felt sweeter to me than the first money I earned working for a local book store the summer before I graduated highschool.

After that, I earned money doing all sorts of jobs; working as a cashier for a big supermarket, tutoring, then getting my first “serious job” as a travel agent, and then, I took the first step in my actual career. I got a job working for the biggest sportsbook and casino company in the country.

Today I’m counting 5 years since then, still working in the same industry, making more money than I could ever imagine I could and I’m working on a fully remote basis, on my own schedule. If you’re wondering how you can get started, I have a couple of tips for you at the end of this article.

Gambling (or i-Gaming as the industry prefers to call itself), is the wagering of money or something of value, also known as “the stakes”, on an event with an uncertain outcome that dates back to the Paleolithic period, before written history. But the first casinos or gambling houses appeared in Italy in the 17th century; The Ridotto — the first casino was established in Venice in 1638 to provide a controlled gambling environment by the Great Council of Venice to provide controlled gambling during the carnival season. After that, casinos started to appear throughout continental Europe in the 19th century.

Casino games and sports betting are extremely popular around the world. It’s a major international commercial activity, with the legal gambling market totaling an estimated $335 billion in 2009 worldwide.

Traditional land based casino players are rapidly moving on to online gaming. According to a recent EGBA (European Gaming and Betting Association) report, the online revenue from the total European Gambling industry rose from 24.8% in 2019 to 34.7% in 2020. The report concluded that even though they expected Europe’s Gambling Revenues to drop 23% in 2020, online gaming will maintain growth.

It’s also one of the fastest-growing industries in the United States. Data suggests that there are close to 400 registered casino hotels in the United States, with an estimated value of $54.8 billion this year. The 465 registered non-hotel casinos reported a gross gaming revenue just over $43 billion in 2019. The United States brought in $34.3 billion in total gross gaming revenue (GGR) in 2009, meaning that the interest and cash flow has nearly tripled in a ten year span.

Many factors could be accounted for the growth of the iGaming industry. Technological advance means that the games are constantly evolving and improving. All kinds of betting services are offered with better visual and audio design which naturally attract more customers.

iGaming is a highly innovative industry that never sleeps, and the online casino sector is leading the way. Online slots are coming out every week and gather a massive public following. Meanwhile, classic games like roulette and blackjack maintain a steady base of players.

So how can you get involved in this ever-rising industry?

  1. Learn as much as you can. You can find online courses like this one or even whole academies dedicated to iGaming where you can get a quick idea of the different departments and ways you can join an iGaming company, or get specialised training depending on the career path you’re on. That way, you can easily get a non technical introduction and increase your chances to join an iGaming company or get ahead of your competition to land a lucrative job in it.
  2. Find out about affiliation, and how you can work on your own to promote online casinos through your website, your blog or even your channel on Twitch. You can get paid on shared revenue basis, on a fixed rate or you can agree on a hybrid model of compensation, depending on your success.
  3. Explore online casinos, find out what kind of games they offer, how the games work, what positions they have open, what problems they’re facing and how you can help them based on your expertise. You can work as a games designer, a responsible gambling specialist, a fraud analyst or get involved in anti-money laundering, like I did. Of course there is always customer service, finance, legal and IT but I don’t even feel the need to mention those, as they’re usually there in every industry.
  4. Have a look at the regulations of the country or state you’re in, and find out which online gambling sites are licenced by a regulatory entity in your jurisdiction. Always be careful of unregulated operators or companies operating in grey/black listed countries. Follow them on LinkedIn and keep an eye out for new openings

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E Panagiotopoulou

Anti-Money Laundering Specialist & MLRO working in iGaming since 2015