To many, being a Professional Gambler could be a dream job, but can it be done? This article looks at how it really is possible to succeed, and also the traits and considerations that the professionals have in common.

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

It will then be essential to establish the portfolio of methods that you’re going to be applying. Although horse racing is often the very first sport many think of once we talk 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 just like how investments are made within the stock-market. The actual methods used will be a mix 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 has to be able to take a long term view of their betting activity and by keeping accurate records be happy to accept the inevitable ups and downs. The key to survival is the generation of consistent profits over the long term, 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 within their betting activities. What this means is they look to place back or lay bets that are then traded out for a profit before the event has finished, or even in many cases before the event has even started!

With in spite of this, the most obvious question is where to start, and this can be the main stumbling block, it certainly was for myself! The internet 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 an initial pointer I would suggest that you should look for some or all of the following characteristics when considering a method 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 individual behind the system) Is there a secure Money-back guarantee?

In conclusion, it is certainly possible to make consistent long term profits on a part time as well as full-time basis from betting, myself and many others that I know personally are proof of this, but it is exceedingly easy to lose money should you not set about the process in the proper way. Please feel free to visit my website for a more in-depth analysis of several of the factors that can determine your success.