To many, becoming a Professional Gambler could be a dream job, but can it be done? This article looks at how it really is possible to have success, as well as the traits and factors that the professionals have in common.

Among the first factors must be establishing a betting bank that is used exclusively due to this purpose, it must not be money that is necessary for day to day living expenses or bills and has to be money you are prepared to lose. A popular way of establishing browse this site initial bank is through matched betting, a technique where the bonuses provided by the internet bookmakers are used to build a bank through risk free betting. It’s quite feasible to build up a betting bank running into thousands of pounds using this method.

It will then be necessary to establish the portfolio of methods that you will be applying. Although horse racing is often the very first sport many think of when we speak about betting, most professionals will spread their risk across different sports, betting on Tennis, Soccer, Cricket etc. This has the effect of creating a managed betting portfolio similar to how investments are made within the stock exchange. The particular methods used will be a variety of tried and tested methods supplied by third parties, and methods that the professional has developed for themselves over time.

A crucial component will be the psychology of the Professional. They must be able to take a long-term view of their betting activity through keeping accurate records be pleased to accept the inevitable ups and downs. The key to survival will be the generation of consistent profits in the long run, not the daily results.

Following the advent of the betting exchanges, primarily betfair, a sizable number of the professionals i know include an element of trading in their betting activities. It indicates they look to place back or lay bets that are then traded out for a profit ahead of the event has finished, or in many cases prior to the event has even started!

With that said, the obvious question is where to start, which may be the main stumbling block, it certainly was for myself! The web is awash with “Guaranteed” winning betting systems which make the most outrageous claims of success. In my experience 90% of these fail to deliver. As being an initial pointer I would suggest that you should look for some or all the following characteristics when considering a approach to add to your portfolio:

Will be the previous results disclosed verified and checkable? Is there a real person you may contact( and also you should contact them as the quality of their reply will often give an indication of the person behind the system) Is there a secure Refund guarantee?

In conclusion, it really is certainly possible to make consistent long term profits on a part-time or maybe full-time basis from betting, myself and lots of others that I know personally are proof of this, but it is rather easy to lose money in the event that you don’t set about the process in the proper way. Please feel free to visit my website for a more in-depth analysis of some of the factors that will determine your success.