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Well it’s both investing and gambling so technically you’re both right
But the traditional and unpretentious way of describing an “investment” on sports is gambling
I look forward to the day when The Gambling Commission is renamed The Investment Commission .
Gambling Only Pays When You're Winning
Don’t have to be on a “winning run” at all, it is a punter’s overall record that matters.
An expert investor in the stock market invests every time he/she puts money in to the stock market, even though not all investments return a profit. At times, the chance of profit on a particular investment might be slim, but that slim chance of success could show potentially very high returns which make it worth investing.
Someone who is not an expert in the stock market who puts money in without a very good understanding of the market is gambling.
Same with horse racing, but an investor in racing needs to understand both the racing/form and markets.
If only betting @ 11/10 (or better) about something I believe has a fair Even money chance, why is that not “investing”?
If only betting @ 3/1 (or better) about something I believe has a fair 5/2 chance, why is that not “investing”?
If only betting @ 10/1 (or better) about something I believe has a fair 17/2 chance, why is that not “investing”?
If only betting @ 33/1 (or better) about something I believe has a fair 25/1 chance, why is that not “investing”?
If only betting @ 100/1 (or better) about something I believe has a fair 50/1 chance, why is that not “investing”?
etc.[/quote]
I like that Ginger, in my field that is called Scalping, so get where your coming from on the investment side. It sounds like a lot of dedication and self control needed to earn a living?
I find it amazing how people can earn money.
Also speculating is another apt word
So at what stage of an overall winning run would one turn from gambler to investor…..?
Don’t have to be on a “winning run” at all, it is a punter’s overall record that matters.
An expert investor in the stock market invests every time he/she puts money in to the stock market, even though not all investments return a profit. At times, the chance of profit on a particular investment might be slim, but that slim chance of success could show potentially very high returns which make it worth investing.
Someone who is not an expert in the stock market who puts money in without a very good understanding of the market is gambling.
Same with horse racing, but an investor in racing needs to understand both the racing/form and markets.
If only betting @ 11/10 (or better) about something I believe has a fair Even money chance, why is that not “investing”?
If only betting @ 3/1 (or better) about something I believe has a fair 5/2 chance, why is that not “investing”?
If only betting @ 10/1 (or better) about something I believe has a fair 17/2 chance, why is that not “investing”?
If only betting @ 33/1 (or better) about something I believe has a fair 25/1 chance, why is that not “investing”?
If only betting @ 100/1 (or better) about something I believe has a fair 50/1 chance, why is that not “investing”?
etc.Yes, but how long does it take for the punters overall record to be considered good enough to change from gambler to investor.?
or how much profit per year would one have to make to be considered expert.?Gaelic Warrior Gold Cup Winner 2026
I think if you don’t track your overall profit/loss over a period of time say quarterly, you know deep down you’re not a profitable investor (Nathan it’s definitely investing
haha) cannot be that difficult with bet history online?
If on course I would keep each bet slip or take a pic.Trainer level stake profit is at SP when most winners have shortened up.
I place a lot of my bets down the bookies Theo.
Most bookies online offer ‘Best Odds Guaranteed’ which can be a real price boost. I backed Martello Tower for 2014 at 11’s in the morning, he went off 14’s…BOG is essential imo and why I’d never bet in a bookies.
I think if you don’t track your overall profit/loss over a period of time say quarterly, you know deep down you’re not a profitable investor (Nathan it’s definitely investing
haha) cannot be that difficult with bet history online?
If on course I would keep each bet slip or take a pic.Trainer level stake profit is at SP when most winners have shortened up.
I place a lot of my bets down the bookies Theo.
Most bookies online offer ‘Best Odds Guaranteed’ which can be a real price boost. I backed Martello Tower for 2014 at 11’s in the morning, he went off 14’s…BOG is essential imo and why I’d never bet in a bookies.
Some shops do BOG, for example Ladbrokes do it between 12 and 2
besides you get out of the front door and get some fresh air
Actually there’s a good point, you won’t need to keep records because if you even look like breaking even you’ll soon lose the BOG concession!
So at what stage of an overall winning run would one turn from gambler to investor…..?
Don’t have to be on a “winning run” at all, it is a punter’s overall record that matters.
An expert investor in the stock market invests every time he/she puts money in to the stock market, even though not all investments return a profit. At times, the chance of profit on a particular investment might be slim, but that slim chance of success could show potentially very high returns which make it worth investing.
Someone who is not an expert in the stock market who puts money in without a very good understanding of the market is gambling.
Same with horse racing, but an investor in racing needs to understand both the racing/form and markets.
If only betting @ 11/10 (or better) about something I believe has a fair Even money chance, why is that not “investing”?
If only betting @ 3/1 (or better) about something I believe has a fair 5/2 chance, why is that not “investing”?
If only betting @ 10/1 (or better) about something I believe has a fair 17/2 chance, why is that not “investing”?
If only betting @ 33/1 (or better) about something I believe has a fair 25/1 chance, why is that not “investing”?
If only betting @ 100/1 (or better) about something I believe has a fair 50/1 chance, why is that not “investing”?
etc.Yes, but how long does it take for the punters overall record to be considered good enough to change from gambler to investor.?
or how much profit per year would one have to make to be considered expert.?It doesn’t, you’re still gambling. As I said it’s just slightly pretentious way of changing the terminology.
Although Ginger is right in the sense that the mindset of a professional gambler is somewhat different from that of the normal punter. They are looking for the longer term.
I’ve always been attracted to pure gambling, that’s why I get bored when people talk about arbing, and each way thieving, and so on. Sometimes you just want to have a huge punt on something and really put yourself on the precipice.
I don’t have the patience for the more grinding aspects of gambling, I want to hang on that precipice between disaster and success and take the safety net away.
It’s the only way I can feel alive
But in truth I think we’re all driven by this primitive urge, and my belief is that even professional gamblers are addicted in some way. They’re just better at it than I am. There must be easier ways to make money than gambling on sports. Speculating on the stock market must surely be easier.
Actually there’s a good point, you won’t need to keep records because if you even look like breaking even you’ll soon lose the BOG concession!
Doesn’t look good for us lot being offered bog plus where if you back a horse at 3/1 and it returns at 7/2 you get paid at 4/1
Gaelic Warrior Gold Cup Winner 2026
Ginger stop being so pretentious you were not born with a silver spoon in your mouth
Gaelic Warrior Gold Cup Winner 2026
Well it’s both investing and gambling so technically you’re both right
But the traditional and unpretentious way of describing an “investment” on sports is gambling
For the vast majority of punters sports betting is gambling, Judge.
For a small minority it is investing.Value Is EverythingI always found the bookies or pub a much more enjoyable experience, obviously due to the camaraderie and craic etc. But alone in front of the laptop/tele away from distractions and alcohol is by far the more profitable place to be for me personally.
Actually there’s a good point, you won’t need to keep records because if you even look like breaking even you’ll soon lose the BOG concession!
On calculations of a couple of years ago, I found that BOG gave you a 17% advantage over SP on a spread of prices. Which means if you’re operating at the sharp end of the market, you’ll do impressively well not to break even or show a profit.
As Simon says, best of luck getting that to decent money over a period of time. BOG is a competition-driven semi-loss-leader honoured more in the breach than in the observance. Has sir tried our online Casino..?
Mike
Yes, but how long does it take for the punters overall record to be considered good enough to change from gambler to investor.?
or how much profit per year would one have to make to be considered expert.?imo If a punter shows a good percentage profit from his/her overall record over many thousands of bets and not just one or two years… And when that profit does not come from one or two “lucky” wins (eg big Scoop 6 pay out) and does not rely on bookmakers special offers… then imo the punter is an investor.
It’s not atall about how much money a punter wins, it’s more about percentage profit. There are many “experts” who are not professionals. Taking the above paragraph in to account, imo anyone who makes an overall average of 10%+ on their betting can be considered an “expert”. That means a punter can have a poor year/s and still be an expert/investor or have a year of 40% profit and not be an expert/investor if his/her overall record does not add up.
However, what someone considers an expert/investor will always be a personal/subjective opinion.
Value Is EverythingActually there’s a good point, you won’t need to keep records because if you even look like breaking even you’ll soon lose the BOG concession!
In my experience Simon, most bookmakers limit or close accounts without BOG coming in to it. One says “SP only” which just as well be closed. BOG concession has only been lost with a couple. Still got BOG in a place or two, but maybe that’s because I am not a big hitter and/or don’t take advantage of a lot of their special offers and/or because still got telephone accounts instead of internet. Latter seem to be adjusted/closed more often. With one telephone account I have that allows me BOG every bet goes to a trader who says yes, yes but severely limits how much, or offers SP only.
Value Is EverythingGinger stop being so pretentious you were not born with a silver spoon in your mouth
Nathan, stop being so jealous.
Value Is Everything
haha) cannot be that difficult with bet history online?
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