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To many, being a Professional Gambler would be a dream job, but can it be done? This article looks at how it’s possible to ensure success, as well as the traits and concerns that the professionals have in common.
One of the first concerns has to be establishing a betting bank that is used exclusively because of this purpose, it must not be money that is 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 internet bookmakers are used to build a bank through risk free betting. It really is entirely possible 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’ll be applying. Although horse racing is often the first sport many think of as we talk about betting, most professionals will spread their risk across different sports, betting on Tennis, good online soccer, Cricket etc. This has the effect of creating a managed betting portfolio much like how investments are made in the stock market. The actual methods used will be a variety 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 has to be able to take a long-term view of their betting activity through 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 large 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 which are then traded out for a profit prior to the event has finished, or in many cases before the event has even started!
With having said that, the most obvious question is where to start, which may 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. As being an initial pointer I would suggest that you should look for some or all of the following characteristics when it comes 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 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 Money-back guarantee?
In conclusion, it is certainly possible to make consistent long-term profits on a part time and even full-time basis from betting, myself and several others that I know personally are proof of this, but it is extremely 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 far more in-depth analysis of several of the factors that may determine your success.
