May 13, 2006 at 19:10 #2719
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)May 13, 2006 at 19:17 #72265
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.May 13, 2006 at 19:23 #72266
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.May 13, 2006 at 19:56 #72267schumiMember
- Total Posts 166
i’m a professional loser, well somebody has to pay for the big shiny televisions in the bookie shops!!!May 13, 2006 at 21:32 #72268
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.May 14, 2006 at 05:44 #72269caravanParticipant
- Total Posts 107
are you using Betangel or a similar product ?May 14, 2006 at 11:42 #72270
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.May 14, 2006 at 17:58 #72271
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.May 15, 2006 at 08:57 #72272carlisleMember
- Total Posts 772
Professional gamblers obviously come in numerous variations. Ãƒâ€šÃ‚Â (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>May 15, 2006 at 11:01 #72273SirHarryLewisParticipant
- 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
SHLMay 15, 2006 at 11:38 #72274
To make a living (say Ãƒâ€šÃ‚Â£30k per annum) at say a rather nice 10% margin, you would have to turn over Ãƒâ€šÃ‚Â£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 tooMay 15, 2006 at 11:45 #72275
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.May 15, 2006 at 12:06 #72276
Well that depends on how much you live on….
unless you can regularly get a much bigger margin than 10%
Easy sum… Ãƒâ€šÃ‚Â£30k per anumm would take 150k turnover on a whopping 20% marginMay 15, 2006 at 12:48 #72277conallMember
- Total Posts 59
Yes but turnover does not mean bankMay 15, 2006 at 13:02 #72278
i know that…
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