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To many, being a Professional Gambler will be a dream job, but can it be done? This article looks at how it's possible to achieve success, and the traits and things to consider that the professionals have in common.

One of the first factors has to be establishing a betting bank that is used exclusively for Read Webpage this purpose, it must not be money that's necessary 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 online 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'll be applying. Although horse racing is usually the very first sport many think of when 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 just like how investments are made within the currency markets. 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 has to 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 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. Therefore they look to place back or lay bets which are then traded out for a profit ahead of the event has finished, or even in many cases prior to the event has even started!

With with that being said, the most obvious question is where to start, which can be the main stumbling block, it certainly was for myself! The internet 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 should look for some or all of the following characteristics with regards to a approach to add to your portfolio:

Will be 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 person behind the system) Is there a safe and secure Money back guarantee?

In conclusion, it is 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 is exceedingly 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 which will determine your success.