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To many, learning to be a Professional Gambler could 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.
Among the first things to consider has to be establishing a betting bank that is used exclusively because of this purpose, it must not be money that is required for day to day living expenditures or bills and must 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 (click this) bookmakers are used to build a bank through risk free betting. It is quite feasible 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’ll be applying. Although horse racing is often the first sport many think of as we talk 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 actual 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 pleased 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 big range of the professionals i know include an element of trading in their betting activities. This means they look to place back or lay bets which are then traded out for a profit prior to the event has finished, or in many cases before the event has even started!
With with that being said, the obvious question is where to start, which can be the main stumbling block, it certainly was for myself! The web 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 contemplating 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 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 really is certainly possible to make consistent long-term profits on a part time and even full time basis from betting, myself and lots of others that I know personally are evidence of this, but it is rather 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 more in-depth analysis of some of the factors that may determine your success.
