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 ensure success, and the traits and factors that the professionals have in common.

Among the first factors has to be establishing a betting bank that’s used exclusively for this purpose, it must not be money which is required 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 on-line bookmakers are used to build a bank through risk free betting. It is quite possible 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 first sport many think of once we speak about betting, most professionals will spread their risk across different sports, betting on Tennis, online soccer gamble, Cricket etc. This has the effect of creating a managed betting portfolio similar to how investments are made in the stock market. The specific 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 must 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 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 large range of the professionals i know include an element of trading within their betting activities. This means 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 before the event has even started!

With having said that, the most obvious question is where to start, and this may be the main stumbling block, it certainly was for myself! The net is awash with “Guaranteed” winning betting systems that produce 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 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 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 Refund?

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 lots of others that I know personally are proof of this, but it is exceedingly easy to lose money if you don’t set about the process in the correct way. Please feel free to visit my website for a far more in-depth analysis of some of the factors that may determine your success.