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

One of the first factors must be establishing a betting bank that’s used exclusively due to this purpose, it must not be money which is required for day to day living expenditures 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’s entirely possible to build up a betting bank running into thousands of pounds using this method.

It shall then be necessary to establish the portfolio of methods that you’re going to be applying. Although horse racing is often the first sport many think of when we talk about betting, most professionals will spread their risk across different online sports gamble, 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 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 by 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 large range of the professionals i know include an element of trading in their betting activities. Therefore they look to place back or lay bets that are then traded out for a profit prior to the event has finished, or in many cases ahead of the event has even started!

With with that being said, the obvious question is where to start, and this may be the main stumbling block, it certainly was for myself! The web is awash with “Guaranteed” winning betting systems that produce 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 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 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 proof of this, but it’s extremely 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 some of the factors that will determine your success.