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To many, becoming a Professional Gambler will be a dream job, but can it be done? This article looks at how it really is possible to ensure success, and also the traits and considerations that the professionals have in common.
One of the first considerations has to be establishing a betting bank that is used exclusively because of this purpose, it must not be money that’s 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 offered by the on-line bookmakers are used to build a bank through risk free betting. It 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 will be applying. Although horse racing is often the first sport many think of once 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 just like how investments are made within the stock exchange. The particular 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.
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 through keeping accurate records be pleased to accept the inevitable ups and downs. The key to survival is the generation of consistent profits over the long term, not the daily results.
Following the creation of the betting exchanges, primarily betfair, a large 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 that 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 that said, 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 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 should look for fantastic football some or all of the following characteristics with regards to a method to add to your portfolio:
Are the previous results disclosed verified and checkable? Is there a real person you may contact( and also you should contact them as the quality of their reply will often give an indication of the person behind the system) Is there a safe and secure Money-back guarantee?
In conclusion, it 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 proof of this, but it is rather 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 several of the factors that may determine your success.
