To many, being a Professional Gambler could be a dream job, but can it be done? This article looks at how it is possible to have success, fantastic online casino football and also the traits and factors 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 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 provided by the on-line 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 shall then be essential to establish the portfolio of methods that you’re going to be applying. Although horse racing is usually the very 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 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 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 range of the professionals i know include an element of trading within their betting activities. Therefore they look to place back or lay bets which are then traded out for a profit prior to the event has finished, or even 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 net is awash with “Guaranteed” winning betting systems which 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 of the following characteristics with regards to a approach to add to your portfolio:

Are 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 secure Cash back guarantee?

In conclusion, it really is certainly possible to make consistent long-term profits on a part-time or even full-time basis from betting, myself and several others that I know personally are proof of this, but it is exceedingly 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 more in-depth analysis of several of the factors that can determine your success.