What is a Professional Blackjack Player?

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At Counting Edge we sometimes receive questions from players. Many readers want to know, what is a professional blackjack player? The answer to this question can be important for a number of reasons. It can even have implications for how you pay taxes on blackjack profits if you live in the United States.

Let’s break down this topic step by step to see if we can provide a useful definition of the professional blackjack player. The info may also help you decide if playing professionally is a path you wish to pursue.

The Simple Definition of a Professional Blackjack Player

Keith Richards of the Rolling Stones has a very good response when someone refers to themselves as a professional musician. Richards says that being a professional just means that you get paid for it. This simple definition can also be used to answer our question. What is a professional blackjack player? Someone who earns their living from the game.

At the end of the day everything comes down to earnings. Someone that plays occasionally may win a lot of money, but they still would be an amateur. This is because they are probably depending upon another job to pay their living expenses. The professional player relies on blackjack to pay the bills. They may supplement that income with other activities, but blackjack is the number one source of earnings.

Requirements of Tax Agencies

If the answer to the professional blackjack player question was that simple, many people would feel differently about their own status. The truth is that some other things can come into play when others determine your professional status. This is especially true if you happen to live in the United States.

Being a professional blackjack player can mean something different to the IRS than it can to your peers, friends, and families. The IRS may be prone to consider things like how much time you spend playing the game. If you play blackjack online at home you may have to answer questions about how much space of your home is allotted to your profession.

Record keeping may also be required of you. You will likely be asked to provide proof of your blackjack playing, and that means records of your wins and your losses. The recreational player can avoid all of this.

Hallmarks of Blackjack Professionals

Let’s take a moment to look at a few things associated with professional blackjack players. We already mentioned the need to keep records. There are some other habits and hallmarks that can be used to determine what is a professional blackjack player.

Professionals take a disciplined approach to the game. This means that they look at all parts of it the same way that someone in another field would look at all parts of their own business. Nothing is left to chance.

You can ask a professional how much they need to earn from the game of blackjack and they can tell you. Usually to the penny. They also have worked out how many hours they need to play in a week to earn that money.

The blackjack professional is not someone that makes bets just for the sake of action. They only play when they have an edge. These players also look at their expenses and balance those against the income that they earn from playing blackjack.

Things You Must Do

Have you decided that you want to try your hand at playing professional blackjack? There are a few things you need to do to get yourself ready to succeed. All are based on the things that we have mentioned so far.

First, purchase the materials you need to keep solid records of your blackjack play. You can do it the old fashioned way and write down your wins and losses by hand. You can also use an app for your mobile device. The method doesn’t matter as much as the data you track. You need to log where you played, how long you played, and how much you won or lost. It also helps if you jot down any names of other players or the dealer when you play live.

Playing blackjack online can simplify much of this process. Some online casinos will allow you to pull up your records and see how much your profit or loss is. You will still need to keep some information on individual sessions.

We would also recommend that you have an idea of exactly what you need to make playing blackjack. You have to know what your expenses are and how often you need to play to meet those expenses. There are some blackjack players that we have known who have broken it down to how much profit they must make in a single day.

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