To many, becoming a Professional Gambler would be a dream job, but can it be done? This article looks at how it’s possible to succeed, as well as the traits and concerns that the professionals have in common.

One of the first concerns must be establishing a betting bank which is used exclusively due to this purpose, it must not be money which is necessary for day to day living expenditures 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 online bookmakers are used to build a bank through risk free betting. It is entirely 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’re going to be applying. Although horse racing is often the very first sport many think of whenever 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 just like how investments are made within the currency markets. The specific 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.

A crucial 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 the long term, not the daily results.

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

With nevertheless, 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. 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 can contact( and also 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 online soccer and secure Cash back guarantee?

In conclusion, it is 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 in the event that you don’t set about the process in the correct way. Please feel free to visit my website for a far more in-depth analysis of several of the factors that can determine your success.