- This topic is empty.
- Wpisy
To many, being a Professional Gambler could be a dream job, but can it be done? This article looks at how it really is possible to achieve success, and also the traits and things to consider that the professionals have in common.
One of the first factors must 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 bills 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 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’re going to be applying. Although horse racing is usually the first sport many think of whenever 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 in the stock market. 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.
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 happy to accept the inevitable ups and football agent 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 big number of the professionals i know include an element of trading within their betting activities. It indicates they look to place back or lay bets which are then traded out for a profit before the event has finished, or in many cases before the event has even started!
With that 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 should look for some or all of 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 secure Refund guarantee?
In conclusion, it really is certainly possible to make consistent long term profits on a part time as well as 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 correct way. Please feel free to visit my website for a far more in-depth analysis of several of the factors that can determine your success.
