To many, becoming a Professional Gambler would be a dream job, but can it be done? This article looks at how it is possible to have success, as well as the traits and considerations 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's 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 on-line bookmakers are used to build a bank through risk free betting. It is quite feasible to build up a betting bank running into thousands of pounds using this method.

It shall 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, excellent online casino football - iucmanizales.edu.co's website, 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 much like 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 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. What this means is 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 prior to the event has even started!

With with that being said, the obvious question is where to start, and this can be the main stumbling block, it certainly was for myself! The internet 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 with regards to a method to add to your portfolio:

Are the previous results disclosed verified and checkable? Is there a real person you may contact( and also 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 Cash back 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 is rather easy to lose money should you not set about the process in the proper way. Please feel free to visit my website for a far more in-depth analysis of several of the factors that may determine your success.