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 things to consider has to be establishing a betting bank that's used exclusively for this purpose, it must not be money that is required for day to day living expenses 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 provided by the internet bookmakers are used to build a bank through risk free betting. It 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 very first sport many think of as 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 stock market. 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.

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 by keeping accurate records be happy to accept the inevitable ups and downs. The key to survival will be the generation of consistent profits over the long term, not the daily results.

Following the creation of the betting exchanges, primarily betfair, a large 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 prior to the event has finished, or in many cases prior to the event has even started!

With with that being said, the 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 being an initial pointer I would suggest that you will want to look for some or all of 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 online gambling agent (read this post from cfi.edu.uy) of their reply will often give an indication of the person behind the system) Is there a safe and secure Refund guarantee?

In conclusion, it really is certainly possible to make consistent long term profits on a part-time as well as full-time basis from betting, myself and several others that I know personally are evidence of this, but it really 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 more in-depth analysis of several of the factors that can determine your success.