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 succeed, as well as the traits and factors that the professionals have in common.

One of the first considerations has to be establishing a betting bank that is used exclusively due to this purpose, it must not be money that's required 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 really is quite possible 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 will be applying. Although horse racing is often the first sport many think of whenever we speak about betting, most professionals will spread their risk across different sports, betting on Tennis, best online soccer, Cricket etc. This has the effect of creating a managed betting portfolio just like how investments are made in the stock exchange. The specific 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.

A crucial 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 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 advent of the betting exchanges, primarily betfair, a large range of the professionals i know include an element of trading in their betting activities. This implies 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 ahead of the event has even started!

With having said that, the most obvious question is where to start, and this may be the main stumbling block, it certainly was for myself! The web 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 with regards to a method 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 Cash 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, myself and several others that I know personally are proof of this, but it is very easy to lose money in the event that you don't set about the process in the proper way. Please feel free to visit my website for a far more in-depth analysis of several of the factors that may determine your success.