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Here’s the first of a series of video clips interviewing professional punter Neil Channing.
Part one ‘The Early Days’
http://www.starsportsbet.co.uk/meeting-neil-channing-1-early-days/
Simon, how many gamblers do you reckon are making a living from horseracing in that it is actually their profession (rather than someone who simply claims to be a professional gambler)?
Hard to say but there are a fair few ‘in-running’ punters out there and I suspect there are more people than we think getting a few quid arbing and trading. As for just backing, I don’t know, even the shrewdest that I know have something else coming in, be it writing, tipping or whatever. It’s a big thing psychologically to at least have the mortgage covered.
Have to keep expenses to a minimum, no mortgage. Not that anyone will allow a “professional gambler” a mortgage anyway, unless they’ve got a regular income from something else… And if you’ve got another income then you’re not really a “professional gambler”. It’s also difficult to get car insurance for some reason.
Value Is EverythingSurely if you’re a professional gambler then you either make a lot of money or you get blown out completely
I find it hard to believe there are many pro gamblers out there who are grinding out 12k a year. Therefore if you’re a serious pro gambler your best bet is to buy a house outright and forget about the mortgage thing
Surely if you’re a professional gambler then you either make a lot of money or you get blown out completely
I find it hard to believe there are many pro gamblers out there who are grinding out 12k a year. Therefore if you’re a serious pro gambler your best bet is to buy a house outright and forget about the mortgage thing
Oh there is at least one pro’ gambler on 12k a year or less than that, Judge. But yes, even he bought the house outright before starting “professionally”.
If I remember rightly in Dave Nevison’s book he says “there are professional gamblers on a millionaire’s wage and there are professional gamblers on a lavatory cleaner’s wage”.
Value Is EverythingIt’s also difficult to get car insurance for some reason
You should of told them you don’t gamble
you invest……
Charles Darwin to conquer the World
Surely if you’re a professional gambler then you either make a lot of money or you get blown out completely
I find it hard to believe there are many pro gamblers out there who are grinding out 12k a year. Therefore if you’re a serious pro gambler your best bet is to buy a house outright and forget about the mortgage thing
Oh there is at least one pro’ gambler on 12k a year or less than that, Judge. But yes, even he bought the house outright before starting “professionally”.
If I remember rightly in Dave Nevison’s book he says “there are professional gamblers on a millionaire’s wage and there are professional gamblers on a lavatory cleaner’s wage”. 😉
Surely they are more grinders, say people who trade in running on betfair or on markets, something like that.
if you’re an out and out gambler you must be playing small stakes to win 12k a year, plus you couldn’t consistently win the same amount. It would vary from year to year.
Of course Judge, years vary quite a lot – no “consistency”. It’s the average amount made that matters. Got to have a fair amount behind you so as to cover the poor years.
Value Is EverythingPart two is up.
Neil goes racing and gets wiped out in a couple of days after ‘grinding’ a few quid for several years.
Thanks Simon, I really enjoyed listening to the interviews. He comes across as a
decent guy, and showed how even those “in the know” get their fingers burned.
Good luck to him
Part Three is up
His rise and fall as a racecourse bookmaker
Part 4, Neil discovers that the smart money is in Spread Betting
Parts 5 & 6 are live.
‘Getting on’ and coping with ‘Losing Runs’
<p abp=”222″>Have to keep expenses to a minimum, no mortgage. Not that anyone will allow a “professional gambler” a mortgage anyway, unless they’ve got a regular income from something else… And if you’ve got another income then you’re not really a <em abp=”223″>“professional gambler”. It’s also difficult to get car insurance for some reason.
Perhaps the risk of driving into a brick wall after a bad day.
Have to keep expenses to a minimum, no mortgage. Not that anyone will allow a “professional gambler” a mortgage anyway, unless they’ve got a regular income from something else… And if you’ve got another income then you’re not really a “professional gambler”. It’s also difficult to get car insurance for some reason.
Surely no one with a semblance of intelligence would put “professional gambler” for any form of insurance quote?
Here’s the 7th and final part. Thanks for reading and commenting.
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