To many, becoming a Professional Gambler will be a dream job, but can it be done? This article looks at how it's possible to have success, and also the traits and concerns that the professionals have in common.

Among the first considerations has to be establishing a betting bank that is used exclusively due to this purpose, it must not be money which his comment is here 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 provided by the on-line bookmakers are used to build a bank through risk free betting. It is quite feasible to build up a betting bank running into thousands of pounds using this method.

It will then be necessary to establish the portfolio of methods that you'll be applying. Although horse racing is usually the first sport many think of whenever 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 just like how investments are made within the stock exchange. 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.

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 also by keeping accurate records be pleased to accept the inevitable ups and downs. The key to survival will be the generation of consistent profits over time, 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 within their betting activities. What this means is they look to place back or lay bets which are then traded out for a profit prior to the event has finished, or in many cases prior to the event has even started!

With having said that, the 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 that make 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 will want to look for some or all the following characteristics with regards 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 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 safe and 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 several others that I know personally are proof of this, but it is extremely easy to lose money should you not set about the process in the correct way. Please feel free to visit my website for a far more in-depth analysis of some of the factors which will determine your success.