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 achieve success, as well as the traits and concerns that the professionals have in common.

Among the first factors has to be establishing a betting bank that is used exclusively because of this purpose, it must not be money that is required for day to day bills 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 is 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’ll be applying. Although horse racing is often the very first sport many think of once we speak about betting, most professionals will spread their risk across different sports, betting on Tennis, good online soccer gambling agency, 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 also 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 sizable number of the professionals i know include an element of trading within their betting activities. This implies 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 ahead of the event has even started!

With in spite of this, the obvious question is where to start, which 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 should look for some or all of the following characteristics when thinking about a approach 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 Refund?

In conclusion, it’s certainly possible to make consistent long term profits on a part time and even full time basis from betting, myself and many others that I know personally are evidence of this, but it is extremely easy to lose money should you not set about the process in the correct way. Please feel free to visit my website for a far more in-depth analysis of some of the factors which will determine your success.