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.

One of the first factors has to be establishing a betting bank which is used exclusively for 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 provided by the internet bookmakers are used to build a bank through risk free betting. It's quite feasible to build up a betting bank running into thousands of pounds using this method.

It shall then be necessary to establish the portfolio of methods that you're going to be applying. Although horse racing is often the very first sport many think of when we speak about betting, most professionals will spread their risk across different sports, betting on Tennis, good soccer [click through the up coming webpage], Cricket etc. This has the effect of creating a managed betting portfolio just like how investments are made within the stock exchange. The specific 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 happy 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 creation of the betting exchanges, primarily betfair, a big number 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 prior to the event has finished, or even in many cases ahead of the event has even started!

With that said, 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 produce the most outrageous claims of success. In my experience 90% of these fail to deliver. Being an initial pointer I would suggest that you will want to look for some or all the following characteristics when contemplating a approach 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 secure Money 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 many others that I know personally are proof of this, but it is extremely easy to lose money in the event that you don't set about the process in the correct way. Please feel free to visit my website for a far more in-depth analysis of several of the factors that can determine your success.