To many, becoming a Professional Gambler could be a dream job, but can it be done? This article looks at how it’s possible to succeed, 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 is used exclusively for this purpose, it must not be money which is necessary 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 offered by the internet bookmakers are used to build a bank through risk free betting. It really is entirely 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 often the first sport many think of once 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 much like how investments are made within the stock market. 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.

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 is 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 within their betting activities. Therefore they look to place back or lay bets which are then traded out for a profit prior to the event has finished, or even in many cases before 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 web is awash with “Guaranteed” winning betting systems which 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 will want to look for some or all of the following characteristics when considering a method to add to your portfolio:

Are the previous results disclosed verified and checkable? Is there a real person you can contact( and you should contact them as the quality online football casino of their reply will often give an indication of the individual behind the system) Is there a 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 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 that may determine your success.