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

Among the first considerations must be establishing a betting bank that is used exclusively due to this purpose, it must not be money that is necessary for day to day living expenditures 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 on-line 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 will then be essential to establish the portfolio of methods that you will be applying. Although horse racing is often the very first sport many think of whenever we talk about betting, most professionals will spread their risk across different sports, betting on Tennis, good online soccer gambling (Highly recommended Web-site), Cricket etc. This has the effect of creating a managed betting portfolio much like how investments are made within the currency markets. The specific methods used will be a variety 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 also by keeping accurate records be pleased to accept the inevitable ups and downs. The key to survival is the generation of consistent profits over time, not the daily results.

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

With in spite of this, the most obvious question is where to start, which can 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. As an initial pointer I would suggest that you should look for some or all of the following characteristics with regards to a approach to add to your portfolio:

Will be 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 individual behind the system) Is there a safe and secure Money-back guarantee?

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