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

One of the first considerations must be establishing a betting bank that’s used exclusively for 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 on-line 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’s going to then be essential 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 sports, betting on Tennis, fantastic soccer online – official source,, Cricket etc. This has the effect of creating a managed betting portfolio much like how investments are made within the stock exchange. The actual 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 must be able to take a long-term view of their betting activity through keeping accurate records be pleased to accept the inevitable ups and downs. The key to survival will be the generation of consistent profits in the long run, not the daily results.

Following the creation of the betting exchanges, primarily betfair, a big number of the professionals i know include an element of trading within their betting activities. It indicates they look to place back or lay bets that are then traded out for a profit before the event has finished, or even in many cases prior to the event has even started!

With in spite of this, the most obvious question is where to start, which can be the main stumbling block, it certainly was for myself! The net 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 will want to look for some or all the following characteristics when thinking about a approach to add to your portfolio:

Are the previous results disclosed verified and checkable? Is there a real person you may contact( and 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 Refund 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 several 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 correct way. Please feel free to visit my website for a more in-depth analysis of some of the factors that may determine your success.