To many, learning to be a Professional Gambler would be a dream job, but can it be done? This article looks at how it's possible to succeed, and also the traits and concerns that the professionals have in common.
Among the first concerns must be establishing a betting bank which is used exclusively because of this purpose, it must not be money that is required for day to day bills 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 really 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're going to be applying. Although horse racing is usually the first sport many think of as we talk about betting, most professionals will spread their risk across different sports gamble (More Signup bonuses), 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 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.
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 time, not the daily results.
Following the advent of the betting exchanges, primarily betfair, a large number of the professionals i know include an element of trading in their betting activities. It indicates they look to place back or lay bets which are then traded out for a profit before the event has finished, or in many cases prior to the event has even started!
With having said that, the obvious question is where to start, which 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 the following characteristics when contemplating a approach to add to your portfolio:
Will be the previous results disclosed verified and checkable? Is there a real person you can contact( and also 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 and even full time basis from betting, myself and many others that I know personally are evidence of this, but it is very easy to lose money in the event that 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 some of the factors that may determine your success.
Among the first concerns must be establishing a betting bank which is used exclusively because of this purpose, it must not be money that is required for day to day bills 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 really 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're going to be applying. Although horse racing is usually the first sport many think of as we talk about betting, most professionals will spread their risk across different sports gamble (More Signup bonuses), 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 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.
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 time, not the daily results.
Following the advent of the betting exchanges, primarily betfair, a large number of the professionals i know include an element of trading in their betting activities. It indicates they look to place back or lay bets which are then traded out for a profit before the event has finished, or in many cases prior to the event has even started!
With having said that, the obvious question is where to start, which 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 the following characteristics when contemplating a approach to add to your portfolio:
Will be the previous results disclosed verified and checkable? Is there a real person you can contact( and also 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 and even full time basis from betting, myself and many others that I know personally are evidence of this, but it is very easy to lose money in the event that 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 some of the factors that may determine your success.