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

One of the first considerations must be establishing a betting bank that is used exclusively due to this purpose, it must not be money which is necessary for day to day living expenses 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 internet 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 essential to establish the portfolio of methods that you’re going to be applying. Although horse racing is usually the first sport many think of once 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 similar to how investments are made within the stock exchange. The particular 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.

A crucial 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 will be the generation of consistent profits over the long term, 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 in 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 in many cases before the event has even started!

With with that being said, the obvious question is where to start, and this may be the main stumbling block, Read Homepage 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 being an initial pointer I would suggest that you will want to look for some or all the following characteristics with regards to a approach to add to your portfolio:

Are 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 individual behind the system) Is there a safe and secure Refund?

In conclusion, it’s certainly possible to make consistent long-term profits on a part time or maybe full-time basis from betting, myself and lots of others that I know personally are evidence of this, but it really is extremely easy to lose money should you not 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.