Gambling and financial independence are two phrases you never expect to see in the same sentence, and yet here we are, with the new world economy having fundamentally upended the conventional notions of financial wisdom
Given the newfound transparency and outsized returns offered by blockchain-based gambling sites, it can now very well feature in investment portfolios, after all, how is investing in equities or derivatives all that different from gambling? In this article, we list 3 ways to gamble responsibly and make headway toward your financial independence.
1. Use Crypto / Blockchain Gambling
Most casinos and sportsbooks, whether online or offline, are stacked in favor of the house, but with blockchain technology, transparency is the new name of the game.
With many of these newer entrants pioneering ‘provably fair’ gaming and 1,000s of different games, there are a lot more opportunities for players to generate a good return on their investments. There are, of course, portals that are blatant scams even here, but with a few reputed ones, players have a chance to compete on fair terms.
2. Limit How Much You Can Easily Spend e.g. By Using Bitcoin To Gamble
Online gambling has surged in the midst of the crypto frenzy and is often seen as one of the few practical applications of cryptocurrencies in the long run. Set free from the archaic, and often restrictive gambling laws, crypto-based casinos, and sportsbooks offer much in the way of fairness and transparency to gamers when compared to legacy players.
Addressing a key concern pertaining to gambling, players can now substantially limit how much they can easily spend by using Bitcoin to gamble. Coupled with the certifiably insane bonuses, promos, and offers.
For example, this bonus code for FortuneJack, one of the early pioneers in this niche, offers a 120% deposit bonus, an unprecedented offer that can get most people off to a good start.
3. Consider Arbitrage
While such trends present plenty of opportunities to de-risk gambling, all the while allowing for it to be used in pursuit of financial independence, the cold reality is that it still involves risk, and a vast majority of players still blow up their initial deposits within a few days of getting started.
However, there are opportunities to take part in gambling, and add value to the ecosystem, without actually having to risk a single penny — via arbitraging, also referred to as matched betting.
Essentially, what this means is you use two, or more sportsbooks, and take advantage of the differences in the odds, to ensure that no matter what the outcome, you will always be in the green.
These are undeniably exciting times for sports betting and gambling, with odds in favor of the players for the first time in generations. While it still remains far from being a genuine way to make a living, as far as side hustles go, it represents a great way to supplement your income, without taking any excess risks or putting too much effort.