To many, being 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 concerns 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 that's required 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 really is entirely possible 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 usually the first sport many think of when 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 similar to how investments are made within the stock-market. 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.

A crucial component will be the psychology of the Professional. They has to be able redirect to iunis.edu.mx take a long term view of their betting activity and by 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 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 even in many cases before the event has even started!

With in spite of this, 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 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 when thinking about 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 person behind the system) Is there a safe and secure Money back guarantee?

In conclusion, it really is certainly possible to make consistent long-term profits on a part time or maybe full time basis from betting, myself and many others that I know personally are evidence of this, but it's extremely easy to lose money if 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 which will determine your success.