To many, being a Professional Gambler could be a dream job, but can it be done? This article looks at how it really is possible to achieve success, as well as the traits and considerations that the professionals have in common.

One of the first concerns must be establishing a betting bank that is used exclusively because of this purpose, it must not be money which is required 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 internet bookmakers are used to build a bank through risk free betting. It really is quite possible 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 often the first sport many think of when 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 much like how investments are made in the stock-market. The particular 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.

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 also by keeping accurate records be happy to accept the inevitable ups and downs. The key to survival is the generation of consistent profits in the long run, not the daily results.

Following the advent of the betting exchanges, primarily betfair, a sizable range of mouse click the following web site professionals i know include an element of trading within their betting activities. This implies 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 ahead of the event has even started!

With in spite of this, the most obvious question is where to start, and this may 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. Being an initial pointer I would suggest that you should look for some or all the following characteristics when thinking about 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 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 even full time basis from betting, myself and lots of others that I know personally are evidence of this, but it really is extremely 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 some of the factors that may determine your success.