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

Among the first considerations has to be establishing a betting bank that is used exclusively because of this purpose, it must not be money that’s necessary 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 is quite feasible 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’ll be applying. Although horse racing is often the very first sport many think of once 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 similar to how investments are made in the stock market. The specific 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 through keeping accurate records be pleased to accept the inevitable ups and downs. The key to survival is the generation of consistent profits over the long term, not the daily results.

Following the advent of the betting exchanges, primarily betfair, a sizable range of the professionals i know include an element of trading in their betting activities. Therefore they look to place back or lay bets that are then traded out for a profit prior to Read the Full Document event has finished, or even in many cases before the event has even started!

With having said that, the obvious question is where to start, and this can be the main stumbling block, it certainly was for myself! The web 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 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’s certainly possible to make consistent long-term profits on a part time as well as full-time basis from betting, myself and lots of others that I know personally are proof of this, but it really is extremely easy to lose money should you not 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 that can determine your success.