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, as well as 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 because of this purpose, it must not be money which is required 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 online bookmakers are used to build a bank through risk free betting. It really is entirely possible to build up a betting bank running into thousands of pounds using this method.

It will then be essential to establish the portfolio of methods that you'll be applying. Although horse racing is often the 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 in the currency markets. The actual 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.

An essential 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 pleased 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 big range of the professionals i know include an element of trading in 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 in many cases prior to 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 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 when thinking about 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 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 Refund?

In conclusion, it really is certainly possible to make consistent long term profits on a part-time or perhaps full time basis from betting, myself and several others that I know personally are evidence of this, but it is exceedingly easy to lose money should you not set about the process in the proper way. Please feel free to visit this site my website for a far more in-depth analysis of several of the factors that can determine your success.