To many, being a Professional Gambler will be a dream job, but can it be done? This article looks at how it is possible to have success, and the traits and things to consider that the professionals have in common.
Among the first considerations has to be establishing a betting bank that is used exclusively due to this purpose, it must not be money that is required for day to day living expenditures 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 offered by the online bookmakers are used to build a bank through risk free betting. It’s entirely possible 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’ll be applying. Although horse racing is often the very first sport many think of once we speak 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 much like how investments are made within the stock exchange. The particular 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 also by keeping accurate records be pleased to accept the inevitable ups and downs. The key to survival is 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. This means they look to place back or lay bets that are then traded out for a profit prior to the event has finished, or even in many cases ahead of the event has even started!
With with that being said, the obvious question is where to start, and this 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. As being an initial pointer I would suggest that you should look for some or all the following characteristics when thinking about a approach to add to your portfolio:
Will be the previous results disclosed verified and checkable? Is there a real person you may contact( and also you could try this out 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’s certainly possible to make consistent long-term profits on a part time as well as full time basis from betting, myself and many others that I know personally are proof of this, but it is very easy to lose money in the event that 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 that can determine your success.