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

Among the first factors must be establishing a betting bank that's used exclusively for this purpose, it must not be money that is required 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 mouse click the up coming internet site 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's going to then be necessary to establish the portfolio of methods that you're going to be applying. Although horse racing is usually the first sport many think of as 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 within the currency markets. The particular 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 and by keeping accurate records be happy to accept the inevitable ups and downs. The key to survival will be the generation of consistent profits over the long term, not the daily results.

Following the advent of the betting exchanges, primarily betfair, a sizable number of the professionals i know include an element of trading in 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 before the event has even started!

With with that being said, 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 an initial pointer I would suggest that you should 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 may contact( and you should contact them as the quality of their reply will often give an indication of the individual behind the system) Is there a secure Money-back guarantee?

In conclusion, it is certainly possible to make consistent long-term profits on a part-time or even full time basis from betting, myself and many others that I know personally are evidence of this, but it is rather 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 which will determine your success.