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

One of the first considerations has to be establishing a betting bank which is used exclusively due to this purpose, it must not be money that's necessary for day to day living expenditures 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 on-line bookmakers are used to build a bank through risk free betting. It's quite possible to build up a betting bank running into thousands of pounds using this method.

It's going to then be essential to establish the portfolio of methods that you will be applying. Although horse racing is usually the very first sport many think of when we speak about betting, most professionals will spread their risk across different sports, betting on Tennis, soccer gamble, Cricket etc. This has the effect of creating a managed betting portfolio just like how investments are made in the stock market. 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 also by keeping accurate records be happy to accept the inevitable ups and downs. The key to survival is the generation of consistent profits over the long term, not the daily results.

Following the advent of the betting exchanges, primarily betfair, a large number of the professionals i know include an element of trading within their betting activities. Therefore they look to place back or lay bets which are then traded out for a profit prior to the event has finished, or even in many cases prior to the event has even started!

With having said that, the obvious question is where to start, and this 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 being 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:

Will be the previous results disclosed verified and checkable? Is there a real person you can 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 secure Refund?

In conclusion, it really is certainly possible to make consistent long-term profits on a part-time and even full-time basis from betting, myself and lots of others that I know personally are proof of this, but it's extremely 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.