To many, becoming a Professional Gambler could be a dream job, but can it be done? This article looks at how it’s possible to achieve success, and also the traits and concerns that the professionals have in common.
One of the first things to consider has to be establishing a betting bank that’s used exclusively for this purpose, it must not be money that’s 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 offered by the on-line 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’s going to then be essential to establish the portfolio of methods that you will be applying. Although horse racing is often the very first sport many think of whenever 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 just like how investments are made in 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 has to 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 advent of the betting exchanges, primarily betfair, a sizable range of the professionals i know include an element of trading within their betting activities. What this means is they look to place back or lay bets that 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 having said that, the most obvious question is where to start, and this can be the main stumbling block, it certainly was for myself! The Highly recommended Internet site 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 of the following characteristics when it comes to 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 individual behind the system) Is there a safe and secure Cash back guarantee?
In conclusion, it’s certainly possible to make consistent long-term profits on a part-time as well as 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 will determine your success.
