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Is there any1 on here who classifys themselves as a professional gambler? I left school at 15 and have been punting professionally for the last 6 years and make a very nice Annual Income. It seems to be a bad word for some reason on a certain other forum and ur classed as a mug if u r 1!
(Edited by IRSHEYEZ at 8:10 pm on May 13, 2006)
I’m almost a professional gambler but I don’t like gambling. I earn a decent living from trading on Betfair solely on horse racing.
Using my own dveloped tools to predict how the mass market will take a view on a particular horse is a very satisfying and profitable activity. Back em in the morning and lay them close to the off and be over for around 15% to 20% beats punting every day.
Doesnt always work in ur favour Wallace backin early and layin off b4 the race. I tend to do it the nite b4 if i think a horse is overpriced.
i’m a professional loser, well somebody has to pay for the big shiny televisions in the bookie shops!!!
IRSHEYEZ, about 85% of my trades are positive this year so far. I look to make an initial margin of 4 ticks and use a stop loss of 3 with good results. Backing the night before does not seem to work for me and I prefer to wait until the market is formed and the book is trading at less than 105%.
There are some very powerful market influences and it is key to be on top of these to gain some good prices.
caravan, I have tried Betangel and all the other trading apps I find but I commissioned a programmer do build an app to suit me. BA pro is good but over complicated for some users and has too many overlapping features. It also shares a common flaw with all the other apps I have tested so far in that it is one-race-at-a-time.
My application is based on a whole days trading on once page. I typically trade between 5 and 10 races per day and like to monitor these on a single page specifically designed to run on a very small laptop with a widescreen display.
Ur rite enuff this thread is boring and i think wallace is out of order sayin u shud give up the tippin game as i rem u tippin around 5 losers in a row and most of them were odds on. Ur nice run finished with give me love if my mind serves me right but u picked up were u left off after that with 3 or 4 more good lays and i must say u do give good analysis with ur selections.
I noticed u didnt give any last nite tho with stoutes horse, was that a lazy selection? I tend not to get to involved with lays or tips on the forum as i dont like to see people maybe listenin and doin there money. I do this for a living but not every day is a rosey day have been on the worst run in my life since 2 sundays ago. I started this thread because i just wanted to know if any other people who do this for a living were about and mayb have a chat with them on sytems and what they make there money most on. I aint on any ego trip by tellin people i am a pro, i love horseracing and sport and am doing my dream job but when i have a bad run it really gets u down.
Hi there
Professional gamblers obviously come in numerous variations.  (born of experiences and personality)
Yet there are underlying constants that apply.
1. Full time commitment. (That begs the ? how many hours per week.)
any more suggestions.
byefrom<br>carlisle<br>
Irish. You seem like a normal and perfectly decent human being and thus, Im wondering how you manage as a punter :biggrin:
Seriously, what type of betting do you do…arbitrage, only group races etc etc. How long have you been at the game? Do you tend to favour horses of a certain price…thus extending or shortening the time between a payout? Im just curious
SHL
To make a living (say £30k per annum) at say a rather nice 10% margin, you would have to turn over £300k per annum of course
need a pot to start with too
its a world away from what most punters are used to
One bad year and you lose your house too
clivex, your figures are realistic for a serious punter but if you apply the same knowledge of the subjet to trading a much better return is possible from a modest bank.
Well that depends on how much you live on….
unless you can regularly get a much bigger margin than 10%
Easy sum… £30k per anumm would take 150k turnover on a whopping 20% margin
Well i have been goin to the races since i was about 6 and strated to get serious around the age of 15. My Granny left me 5k in her will and i started from there. I don’t want to go into too may details but i made over 50 k last year. 4 months of last year i was travellin so i decided to give the punting a timeout and come back fresh. I tend to mostly back in group races, Maidens Novice Hurdles, Novice chases and championship jumps races. I try to stay away from handicaps unless something catches my eye as bein well in. I have 2 systems 1 horse racing and 1 sport, there is no system which is bomb proof but the sports 1 really is as goos as it gets imo. The horse racing 1 makes a steady sum but wudnt make u a millionaire but i keep tweaking it and gettin more greedy. 1 thing i am proud to say is i do have very good discipline and tend to never chase my money which i used to do when younger. I do have a fair few contacts as well in racing and it does help when u know sometimes.
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