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

One of the first considerations 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 provided by the on-line bookmakers are used to build a bank through risk free betting. It’s entirely 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’re going to be applying. Although horse racing is often the very first sport many think of whenever we speak about betting, most professionals will spread their risk across different sports, betting on Tennis, football soccer agent, Cricket etc. This has the effect of creating a managed betting portfolio much like how investments are made in the stock market. 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.

An essential 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 creation of the betting exchanges, primarily betfair, a big number 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 prior to the event has finished, or in many cases prior to the event has even started!

With with that being said, the most obvious question is where to start, and this can be the main stumbling block, it certainly was for myself! The net 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 it comes to a method to add to your portfolio:

Will be the previous results disclosed verified and checkable? Is there a real person you can 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 Refund guarantee?

In conclusion, it’s certainly possible to make consistent long-term profits on a part-time and even full time basis from betting, myself and several others that I know personally are proof of this, but it is very easy to lose money if you don’t 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 which will determine your success.