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 achieve success, and the traits and concerns that the professionals have in common.

One of the first things to consider must be establishing a betting bank that's used exclusively for this purpose, it must not be money which is necessary 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 offered by the internet bookmakers are used to build a bank through risk free betting. It's quite feasible 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 will be applying. Although horse racing is usually the very first sport many think of whenever 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 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.

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 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 creation of the betting exchanges, 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 that are then traded out for a profit before the event has finished, or in many cases prior to the event has even started!

With nevertheless, the most 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 produce 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 of the following characteristics when contemplating a approach 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 individual behind the system) Is there a safe and secure Money back guarantee?

In conclusion, it's certainly possible to make consistent long-term profits on a part time or maybe full-time basis from betting, online gambling site myself and many others that I know personally are evidence of this, but it is very 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 some of the factors that may determine your success.