To many, learning to be a Professional Gambler could be a dream job, but can it be done? This article looks at how it is possible to succeed, and also the traits and considerations that the professionals have in common.

Among the first considerations has to be establishing a betting bank that is used exclusively because of this purpose, it must not be money that is necessary 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 provided by the trusted online football casino 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 shall then be essential 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 once 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 currency markets. The actual methods used will be a variety 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 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 large range of the professionals i know include an element of trading within their betting activities. What this means is 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 prior to the event has even started!

With with that being said, the most obvious question is where to start, which may be the main stumbling block, it certainly was for myself! The internet is awash with "Guaranteed" winning betting systems that 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 will want to look for some or all the following characteristics when considering a approach 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 person behind the system) Is there a safe and secure Money-back guarantee?

In conclusion, it is 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 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 can determine your success.