To many, learning to be a Professional Gambler will be a dream job, but can it be done? This article looks at how it is possible to achieve success, and also the traits and factors that the professionals have in common.

Among the first concerns has to be establishing a betting bank that is used exclusively because of this purpose, it must not be money that’s required for day to day living expenditures 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 provided by the internet bookmakers are used to build a bank through risk free betting. It’s quite possible to build up a betting bank running into thousands of pounds using this method.

It shall then be necessary to establish the portfolio of methods that you’ll be applying. Although horse racing is usually the very first sport many think of once 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 market. The actual methods used will be a combination 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 also by keeping accurate records be happy to accept the inevitable ups and downs. The key to survival will be the generation of consistent profits over time, not the daily results.

Following the creation 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 which are then traded out for a profit prior to the event has finished, or even in many cases ahead of the event has even started!

With with that being said, the 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. Being an initial pointer I would suggest that you should look for some or all of the following characteristics when it comes to a approach to add to your portfolio:

Will be the previous results disclosed verified and checkable? Is there a real person you can contact( and you should contact them as the quality of their reply will often give an indication of the person behind the system) Is there a trusted safe soccer and secure Cash back guarantee?

In conclusion, it is certainly possible to make consistent long-term profits on a part time or perhaps 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 should you not set about the process in the correct way. Please feel free to visit my website for a more in-depth analysis of several of the factors that will determine your success.