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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 ensure success, and the traits and concerns that the professionals have in common.
One of the first things to consider must be establishing a betting bank that’s used exclusively due to this purpose, it must not be money that is necessary 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 internet bookmakers are used to build a bank through risk free betting. It is quite 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’re going to be applying. Although horse racing is usually the first sport many think of once we speak about betting, most professionals will spread their risk across different sports, betting on Tennis, best online soccer, Cricket etc. This has the effect of creating a managed betting portfolio just like how investments are made in the stock market. The particular 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 and by keeping accurate records be happy to accept the inevitable ups and downs. The key to survival will be the generation of consistent profits over time, not the daily results.
Following the advent of the betting exchanges, primarily betfair, a large number of the professionals i know include an element of trading in their betting activities. This implies 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 prior to the event has even started!
With nevertheless, the obvious question is where to start, and this can be the main stumbling block, it certainly was for myself! The net 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 an initial pointer I would suggest that you will want to look for some or all 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 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 or maybe full-time basis from betting, myself and several others that I know personally are evidence of this, but it’s extremely easy to lose money should you not set about the process in the proper way. Please feel free to visit my website for a far more in-depth analysis of some of the factors which will determine your success.
