To many, becoming a Professional Gambler would be a dream job, but can it be done? This article looks at how it is possible to have success, as well as the traits and concerns that the professionals have in common.

Among the first concerns must be establishing a betting bank that’s used exclusively because of this purpose, it must not be money that’s 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 good online football gambling agent bookmakers are used to build a bank through risk free betting. It is 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 will be applying. Although horse racing is usually the very first sport many think of as 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 similar to how investments are made within the stock exchange. The specific methods used will be a combination 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 has to 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 advent of the betting exchanges, primarily betfair, a big range of the professionals i know include an element of trading in their betting activities. It indicates 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 with that being said, the most obvious question is where to start, and this can be the main stumbling block, it certainly was for myself! The net is awash with “Guaranteed” winning betting systems that produce the most outrageous claims of success. In my experience 90% of these fail to deliver. As being an initial pointer I would suggest that you will want to look for some or all of the following characteristics when considering a approach to add to your portfolio:

Are 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 as well as full-time basis from betting, myself and many others that I know personally are evidence of this, but it is very easy to lose money should you not 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 which will determine your success.