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

Among the first considerations must be establishing a betting bank that is used exclusively for this purpose, it must not be money which 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 offered by the internet bookmakers are used to build a bank through risk free betting. It really is entirely possible to build up a betting bank running into thousands of pounds using this method.

It shall then be necessary to establish the portfolio of methods that you’ll be applying. Although horse racing is usually 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 within 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.

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 over time, not the daily results.

Following the creation of the betting exchanges, gamble online primarily betfair, a sizable range of the professionals i know include an element of trading within their betting activities. This means 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 having said that, the obvious question is where to start, which 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 being an initial pointer I would suggest that you will want to look for some or all the following characteristics when contemplating a method 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’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 evidence of this, but it is extremely easy to lose money should you not 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 may determine your success.