To many, learning to be 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.

One of the first factors must be establishing a betting bank that’s used exclusively due to this purpose, it must not be money that’s necessary for day to day living expenses or bills and must 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 learn online casino 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’s going to then be essential to establish the portfolio of methods that you will be applying. Although horse racing is usually 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 in the stock-market. The particular 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.

An essential 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 pleased 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 creation of the betting exchanges, primarily betfair, a big range 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 which are then traded out for a profit before the event has finished, or in many cases ahead of the event has even started!

With with that being said, the most obvious question is where to start, and this 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 of the following characteristics when contemplating 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 person behind the system) Is there a safe and secure Cash back guarantee?

In conclusion, it really is certainly possible to make consistent long-term profits on a part-time or perhaps full-time basis from betting, myself and several others that I know personally are evidence 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 far more in-depth analysis of several of the factors which will determine your success.