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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 have success, and also the traits and factors that the professionals have in common.
Among the first factors must be establishing a betting bank that’s used exclusively because of 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 provided by the internet bookmakers are used to build a bank through risk free betting. It really is entirely possible to build up a betting bank running into thousands of pounds using this method.
It shall then be essential to establish the portfolio of methods that you’ll be applying. Although horse racing is usually the very first sport many think of whenever we speak about betting, most professionals will spread their risk across different sports, betting on Tennis, learn soccer online, Cricket etc. This has the effect of creating a managed betting portfolio just like how investments are made in 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 has to be able to take a long term view of their betting activity and also 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 within their betting activities. What this means is they look to place back or lay bets that are then traded out for a profit before the event has finished, or in many cases ahead of the event has even started!
With that said, the obvious question is where to start, which may 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 being an initial pointer I would suggest that you will want to look for 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 can contact( and also 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 Money-back guarantee?
In conclusion, it’s 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 proof of this, but it is rather 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 can determine your success.
