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Professional Gambler's?

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Viewing 15 posts - 1 through 15 (of 16 total)
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  • #2719
    IRSHEYEZ
    Member
    • Total Posts 223

    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)

    #72265
    Wallace
    Participant
    • Total Posts 862

    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.

    #72266
    IRSHEYEZ
    Member
    • Total Posts 223

    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.

    #72267
    schumi
    Member
    • Total Posts 166

    i’m a professional loser, well somebody has to pay for the big shiny televisions in the bookie shops!!!

    #72268
    Wallace
    Participant
    • Total Posts 862

    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.

    #72269
    caravan
    Participant
    • Total Posts 107

    Wallace

    are you using Betangel or a similar product ?

    #72270
    Wallace
    Participant
    • Total Posts 862

    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.

    #72271
    IRSHEYEZ
    Member
    • Total Posts 223

    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.

    #72272
    carlisle
    Member
    • Total Posts 772

    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>

    #72273
    SirHarryLewis
    Participant
    • Total Posts 1208

    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

    #72274
    clivex
    Member
    • Total Posts 3420

    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

    #72275
    Wallace
    Participant
    • Total Posts 862

    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.  

    #72276
    clivex
    Member
    • Total Posts 3420

    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

    #72277
    conall
    Member
    • Total Posts 59

    Yes but turnover does not mean bank

    #72278
    clivex
    Member
    • Total Posts 3420

    i know that…

    And?

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