To many, learning to be a Professional Gambler will be a dream job, but can it be done? This article looks at how it is possible to achieve success, and also the traits and concerns that the professionals have in common.
Among the first considerations must be establishing a betting bank that is used exclusively because of this purpose, it must not be money that is necessary for day to day living expenses 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 provided by the online 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 will then be necessary to establish the portfolio of methods that you're going to be applying. Although horse racing is usually the first sport many think of as 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 similar to 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 and by keeping accurate records be happy to accept the inevitable ups and downs. The key to survival is the generation of consistent profits in the long run, not the daily results.
Following the creation of the betting exchanges, primarily betfair, a big 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 which are then traded out for a profit ahead of the event has finished, or even in many cases ahead of the event has even started!
With nevertheless, the most obvious question is where to start, and this can be the main stumbling block, it certainly was for myself! The net 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 an initial pointer I would suggest that you will want to look for playing football (click this site) some or all the following characteristics when thinking about a method to add to your portfolio:
Will be 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 individual behind the system) Is there a secure Refund guarantee?
In conclusion, it's certainly possible to make consistent long term profits on a part-time or maybe 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 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 can determine your success.
Among the first considerations must be establishing a betting bank that is used exclusively because of this purpose, it must not be money that is necessary for day to day living expenses 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 provided by the online 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 will then be necessary to establish the portfolio of methods that you're going to be applying. Although horse racing is usually the first sport many think of as 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 similar to 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 and by keeping accurate records be happy to accept the inevitable ups and downs. The key to survival is the generation of consistent profits in the long run, not the daily results.
Following the creation of the betting exchanges, primarily betfair, a big 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 which are then traded out for a profit ahead of the event has finished, or even in many cases ahead of the event has even started!
With nevertheless, the most obvious question is where to start, and this can be the main stumbling block, it certainly was for myself! The net 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 an initial pointer I would suggest that you will want to look for playing football (click this site) some or all the following characteristics when thinking about a method to add to your portfolio:
Will be 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 individual behind the system) Is there a secure Refund guarantee?
In conclusion, it's certainly possible to make consistent long term profits on a part-time or maybe 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 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 can determine your success.