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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 have success, as well as the traits and things to consider that the professionals have in common.
One of the first things to consider must be establishing a betting bank that is 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 really is entirely possible to build up a betting bank running into thousands of pounds using this method.
It’s going to then be necessary to establish the portfolio of methods that you’re going to 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, Soccer, Cricket etc. This has the effect of creating a managed betting portfolio similar to how investments are made within the stock-market. The actual 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 also 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 time, trusted online football gambling site 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 within 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 even in many cases prior to the event has even started!
With in spite of this, the obvious question is where to start, and this may be the main stumbling block, it certainly was for myself! The web is awash with “Guaranteed” winning betting systems that produce 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 the following characteristics when contemplating a method to add to your portfolio:
Will be 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 secure Money-back guarantee?
In conclusion, it really is certainly possible to make consistent long-term profits on a part time or even 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 if you don’t set about the process in the proper way. Please feel free to visit my website for a more in-depth analysis of some of the factors which will determine your success.
