To many, being a Professional Gambler will be a dream job, but can it be done? This article looks at how it’s possible to succeed, and also the traits and concerns that the professionals have in common.

One of the first concerns must be establishing a betting bank that is used exclusively due to this purpose, it must not be money which 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 offered by the on-line bookmakers are used to build a bank through risk free betting. It really is 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’re going to be applying. Although horse racing is usually the 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 much like how investments are made within 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.

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 happy to accept the inevitable ups and downs. The key to survival will be the generation of consistent profits in the long run, 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 ahead of the event has finished, or in many cases ahead of the event has even started!

With that said, the most obvious question is where to start, and this may 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. As an initial pointer I would suggest that you will want to look for some or all the following characteristics when considering a method to add to your portfolio:

Will be the previous results disclosed verified and checkable? Is there a real person you may contact( and you should contact them as the quality online soccer gambling site (listen to this podcast) 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 is certainly possible to make consistent long-term profits on a part time or even full time basis from betting, myself and lots of others that I know personally are evidence of this, but it’s extremely easy to lose money should you not set about the process in the proper way. Please feel free to visit my website for a more in-depth analysis of some of the factors which will determine your success.