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To many, becoming a Professional Gambler would be a dream job, but can it be done? This article looks at how it really is possible to succeed, and also the traits and factors that the professionals have in common.

Among the first factors has to be establishing a betting bank which is used exclusively for this purpose, it must not be money that is required for day to day bills 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 internet bookmakers are used to build a bank through risk free betting. It is quite possible to build up a betting bank running into thousands of pounds using this method.

It will then be essential 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 in the currency markets. The particular 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.

A crucial 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 is the generation of consistent profits over the long term, not the daily results.

Following the advent of the betting exchanges, primarily betfair, a sizable number of the professionals i know include an element of trading within their betting activities. Therefore they look to place back or lay bets which are then traded out for a profit ahead of 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 can be the main stumbling block, it certainly was for myself! The internet 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 an initial pointer I would suggest that you will want to 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 soccer (Click That Link) of their reply will often give an indication of the individual behind the system) Is there a secure Money-back guarantee?

In conclusion, it is 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 evidence of this, but it's extremely 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 more in-depth analysis of several of the factors that may determine your success.

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