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

Among the first things to consider must be establishing a betting bank that is used exclusively because of this purpose, it must not be money that 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 internet bookmakers are used to build a bank through risk free betting. It is quite feasible 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 will be applying. Although horse racing is usually the first sport many think of whenever we speak about betting, most professionals will spread their risk across different sports, betting on Tennis, Soccer, Cricket etc. This has simply click the following web site effect of creating a managed betting portfolio much like how investments are made in the stock exchange. The actual 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 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 over time, not the daily results.

Following the advent of the betting exchanges, primarily betfair, a large number of the professionals i know include an element of trading within their betting activities. Therefore they look to place back or lay bets that are then traded out for a profit ahead of 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, which can be the main stumbling block, it certainly was for myself! The internet is awash with “Guaranteed” winning betting systems that 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 will want to look for some or all the following characteristics when thinking about a method to add to your portfolio:

Are 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 Money-back guarantee?

In conclusion, it’s certainly possible to make consistent long-term profits on a part time or perhaps full time basis from betting, myself and many others that I know personally are evidence of this, but it’s extremely easy to lose money in the event that you don’t 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 may determine your success.