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 the traits and factors that the professionals have in common.

One of the first concerns has to be establishing a betting bank that's used exclusively for this purpose, it must not be money which is required for day to day living expenses 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 internet bookmakers are used to build a bank through risk free betting. It is quite 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're going to be applying. Although horse racing is usually the very first sport many think of whenever we speak about betting, most professionals will spread their risk across different sports, betting on Tennis, fantastic online soccer gambling agency (what is it worth), Cricket etc. This has the effect of creating a managed betting portfolio much like how investments are made within the currency markets. The particular 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.

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 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 creation of the betting exchanges, primarily betfair, a big number of the professionals i know include an element of trading in their betting activities. This means they look to place back or lay bets that are then traded out for a profit ahead of the event has finished, or even in many cases ahead of the event has even started!

With nevertheless, the most obvious question is where to start, which 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 the following characteristics when considering 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 individual behind the system) Is there a secure Refund guarantee?

In conclusion, it's certainly possible to make consistent long-term profits on a part time or even full-time basis from betting, myself and several others that I know personally are proof of this, but it is rather 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 some of the factors which will determine your success.