To many, being a Professional Gambler would be a dream job, but can it be done? This article looks at how it's possible to have success, and the traits and things to consider that the professionals have in common.

Among the first factors must be establishing a betting bank which is used exclusively for this purpose, it must not be money that 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 offered by the online soccer online [article source] bookmakers are used to build a bank through risk free betting. It's quite possible to build up a betting bank running into thousands of pounds using this method.

It's going to then be necessary to establish the portfolio of methods that you'll be applying. Although horse racing is usually the first sport many think of when 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 within the stock exchange. The actual 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 through keeping accurate records be happy 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 advent of the betting exchanges, primarily betfair, a big number of the professionals i know include an element of trading in their betting activities. It indicates they look to place back or lay bets which are then traded out for a profit before the event has finished, or in many cases prior to 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 web is awash with "Guaranteed" winning betting systems that make 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 it comes to a method 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 safe and secure Money-back guarantee?

In conclusion, it really is certainly possible to make consistent long term profits on a part-time or maybe full time basis from betting, myself and lots of others that I know personally are evidence of this, but it is very 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 some of the factors that can determine your success.