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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 ensure success, and also the traits and things to consider that the professionals have in common.
One of the first considerations must be establishing a betting bank that’s used exclusively for this purpose, it must not be money which is necessary 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 on-line bookmakers are used to build a bank through risk free betting. It really 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’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 online sports agent, 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-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.
An essential component will be the psychology of the Professional. They must be able to take a long term view of their betting activity through keeping accurate records be happy 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 number of the professionals i know include an element of trading in 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 ahead of the event has even started!
With nevertheless, 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 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 thinking about a approach to add to your portfolio:
Are 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 person behind the system) Is there a safe and secure Cash back guarantee?
In conclusion, it’s certainly possible to make consistent long-term profits on a part-time and even full-time basis from betting, myself and many others that I know personally are evidence of this, but it is exceedingly easy to lose money should you not set about the process in the proper way. Please feel free to visit my website for a more in-depth analysis of several of the factors that will determine your success.