To many, learning to be a Professional Gambler will be a dream job, but can it be done? This article looks at how it's possible to succeed, and the traits and things to consider that the professionals have in common.

Among the first things to consider has to be establishing a betting bank that is used exclusively for this purpose, it must not be money that is required for day to day bills 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 on-line bookmakers are used to build a bank through risk free betting. It's entirely possible to build up a betting bank running into thousands of pounds using this method.

It will then be necessary 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 whenever we speak about betting, most professionals will spread their risk across different sports, betting on Tennis, soccer bet, Cricket etc. This has the effect of creating a managed betting portfolio similar to how investments are made within the stock exchange. 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 must be able to take a long-term view of their betting activity and by 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 advent of the betting exchanges, primarily betfair, a big number of the professionals i know include an element of trading within their betting activities. This implies they look to place back or lay bets that are then traded out for a profit before the event has finished, or even in many cases ahead of the event has even started!

With in spite of this, 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 which make the most outrageous claims of success. In my experience 90% of these fail to deliver. Being an initial pointer I would suggest that you should look for some or all of 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 may 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 and 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 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 some of the factors which will determine your success.