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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’s possible to succeed, 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’s 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 fantastic online casino bookmakers are used to build a bank through risk free betting. It’s quite 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’re going to be applying. Although horse racing is usually the first sport many think of whenever 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 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 by keeping accurate records be happy 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 advent of the betting exchanges, primarily betfair, a big number 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 that 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 with that being said, the most obvious question is where to start, and this may be the main stumbling block, it certainly was for myself! The net 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 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 safe and secure Refund?
In conclusion, it really is certainly possible to make consistent long-term profits on a part time or perhaps full-time basis from betting, myself and many others that I know personally are proof of this, but it is exceedingly easy to lose money if 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 some of the factors that will determine your success.