So what exactly is the definition of a Pro-Gambler? As far as I understand you become a professional in sports betting singapore pools odds when your sole income is derived from your betting activities. Likewise, you are a semi-pro if a substantial part of your income is derived from your betting activities.
There are many people who whilst aspiring to be a pro or semi-pro gambler, never reach their goal, not because they are not good enough at picking winners, but simply they do not have the discipline or self control to run their betting activities as a business. Likewise, I am sure there are many people who have developed successful systems, but again lack the discipline to use their potential to the full. Basically, they do not treat their betting as a business. This is the single most important factor in determining your success or failure as a semi-pro or pro gambler. You MUST treat your betting activities as a BUSINESS and run it like a BUSINESS.
Could you imagine any successful business working without virtually any record keeping or without any carefully thought out financial planning? This is exactly what many would be pro-gamblers do. They may be very good at selecting or they may have the best sport betting system in the world, but without a professional business-like approach they are doomed to failure.
How can you possibly know how well or how badly you are doing if you do not log down every single bet that you ever make down, so that at the end of the month you have a profit and loss balance sheet, just like any business would, yet many people bet on a whim without making any notes at all. They can only begin to guess how well or badly they have done by the end of the month depending on how heavy or light their pocket feels. Yet keeping DAILY RECORDS of all your selections is NOT difficult or time consuming but it IS essential in order to help you on the way to becoming a semi pro or pro gambler.
What about financial planning for your business? Again this is something simple to do but what most potential pro-gamblers fail to do. Many people bet with the amount of money they have available at that time. You may lose money not by bad selections, bad luck or any other excuse, but purely from bad planning and bad management.
You see the important thing here is not how much money you have on each bet (although obviously it is desirable to have as much as possible), but that your bets are placed within the limits of your available BETTING BANK. A betting bank is the amount of money that you should set aside for your betting activities BEFORE a single bet has been placed. This should be money that you can afford to lose.
With betting, as well as with any business, there are no guarantees how wonderful a betting system is or how good your selection process is, and I have yet to come across any form of betting that does not involve a losing run at some stage or another. A betting bank planned correctly eliminates the heartache of the losing runs and keeps your business afloat, whatever the size of the betting bank you start with. The size of the betting bank is not the important thing. You can always increase your stakes in line with the growth of your bank, but what you must do is start with a betting bank and stick to it.