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

One of the first factors has to be establishing a betting bank that’s used exclusively because of this purpose, it must not be money which is necessary 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 online bookmakers are used to build a bank through risk free betting. It is quite possible to build up a betting bank running into thousands of pounds using this method.

It will then be necessary to establish the portfolio of methods that you’re going go directly to nuevocampus.efe.edu.co be applying. Although horse racing is often the very first sport many think of whenever we speak 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 just like how investments are made in the currency markets. The actual 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.

An essential 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 big number of the professionals i know include an element of trading within their betting activities. This means 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 most obvious question is where to start, which may be the main stumbling block, it certainly was for myself! The internet is awash with “Guaranteed” winning betting systems which 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 should look for some or all of 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 can 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 safe and secure Cash back guarantee?

In conclusion, it really is 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 proof of this, but it’s extremely easy to lose money in the event that 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.