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

One of the first considerations must be establishing a betting bank that is used exclusively due to this purpose, it must not be money that is required for day to day living expenses or bills and must 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's entirely possible to build up a betting bank running into thousands of pounds using this method.

It will then be essential to establish the portfolio of methods that you're going to be applying. Although horse racing is often the very first sport many think of once we speak about betting, most professionals will spread their risk across different sports, betting on Tennis, good soccer online, 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 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 is the generation of consistent profits over time, 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. 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 ahead of the event has even started!

With that 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 when it comes to a method to add to your portfolio:

Are the previous results disclosed verified and checkable? Is there a real person you can 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 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 lots of 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 proper way. Please feel free to visit my website for a more in-depth analysis of several of the factors that may determine your success.