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, as well as the traits and considerations that the professionals have in common.

Among the first concerns must be establishing a betting bank that’s used exclusively because of this purpose, it must not be money that is necessary 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 click through the up coming web site risk free betting. It is entirely possible to build up a betting bank running into thousands of pounds using this method.

It’s going to then be necessary to establish the portfolio of methods that you’ll be applying. Although horse racing is often the first sport many think of once we talk 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 currency markets. The actual 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.

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 through keeping accurate records be happy to accept the inevitable ups and downs. The key to survival is 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 in their betting activities. This implies they look to place back or lay bets which are then traded out for a profit ahead of the event has finished, or in many cases before the event has even started!

With with that being said, the most obvious question is where to start, which 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 will want to look for some or all of the following characteristics with regards to a approach 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 person behind the system) Is there a safe and secure Cash back 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 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 some of the factors which will determine your success.