Betfair as a full time job, is it possible?

no.3 is a reflection of my own methods. perhaps i'm not good enough to make it pay without a big bank. a big bank means you can hit your targets quicker with less bets, laying at bigger odds.

Yes of course you can do it as a full time job if your the luckiest person in the world! You'll have good days and you'll have bad days but usually the bad days kill you off eventually......its not a way to make a living in my eyes!



Anyone who can't make it pay thinks that no one else can. It would be funny if it wasn;t so embarrassing.

i agree dont listen to the mugs who say you cant..theyre only pissed they always lose ofcourse you can...with study..money management and discipline

You have to look at this way......
not many can but it is possible

another mug brought to you by betfair

lol

get in there gamsty! 21 May 12 14:19 
no.3 is a reflection of my own methods. perhaps i'm not good enough to make it pay without a big bank. a big bank means you can hit your targets quicker with less bets, laying at bigger odds.




Obviously not if you never lay anything under 100/1

i'm all about playing it safe. most would have backed frankel to win yesterday, it was a sure thing. i knew it was. but i didn't back it. i was happy laying an outsider who i knew their engine would cut out int he final few furlongs. it's just my way. i see plenty of good shorter price lays. but i'd rather decrease the risk. get in and get out. aslong as i hit my target i'm happy.

No that's fair enough, if you have a strategy and it works for you then it's all good. Backing 1.01s all day would test the patience of most on here though.

Out of interest what's the biggest odds lay you've placed that's gone and won (ie. you lost)

Probably.   I wouldn't say they pay very well though.

If the question needs to be asked, then no you can't.

it's been a long time since i lost a "big" amount. it was about 40/1 and i lost £800. i haven't lost anything near that since. it made me become how strict i am today.

when i say a serious bet i mean sometimes when i get a good few quid over what my target was for the day, i'll put that into a fancy i have in a footy match that evening, especially if i'm going to watch with friends. but if there isn't a game on or a angle i saw in it i'll just use it to give myself a smaller target for the next day.
sometimes for a pretty small amount like on saturday when i had bayern to win the most corners.
but it gave me an extra interest for the game that i was sure would profit.

i have up counting when 8-0 up at halftime. but i think they got to around 20?

gave**

So what is a typical lay for you then?

£2k liability to win £20 on a horse perhaps? Or we talking bigger?

gamsty
why
have
daily
target?

sometimes to win anything between £20 and £50. liability between about 2k and 20k

most people say a daily target is the wrong way to go and i can understand why. it just works for me.

although it's not strict i allow days off. i don't HAVE to make a bet that day.

People think you need luck. But to make serious money you requires great skill. I try to make decent money but just can't.

anyway, it's a glorious sunny day and i'm off to play tennis. laters!

anyone who wants a few bob,i think st pats are a certainty to beat dundalk this evening,and beat them well...goals

g hall, what do you know about Irish footie ?

I work as freelance it man from home but I do my betfair football  for a proper job normaly earn around £17000 per year
Does me ok

gamsty, if the worse thing happened, that is, whatever
you need the big bank for, what comes next ?

Ken a good lot,and I have one or two really good judges/contacts who are specialists in it,and one of them fancy st pats to really stuff dundalk this evening.

I am not about until tomorrow,so good luck if you follow me in,off racing for the evening.

If you're good enough, you can make money playing snooker, or golf, or football etc. etc.

You might be a good golfer. You might be single figures handicap--maybe you're scratch, got your pro-card. And even then, you are unlikely to be good enough to get on a tour and make it pay.

There are a lot of dreamers on here. Ask yourself, what puts you in the 2% of people that actually make this pay in the long-run?

Just bet with your head, not over it. You'll probably still lose, but at least it won't cost you more than you can afford. Defeatist? Realistic.

G, I'm not interested in 2/7 chances, thanks anyway.

Betfair is an exchange. In order for me to lose, someone has to win.  Some people must make money off it. If it weren't possible to make money by laying bets then where would the bookies be?

thank you krinko many people forget this is an exchange with matches like champions league finlas where 30 million pounds were matched it has to go somewhere

No

"If you're good enough, you can make money playing snooker, or golf, or football etc. etc.

You might be a good golfer. You might be single figures handicap--maybe you're scratch, got your pro-card. And even then, you are unlikely to be good enough to get on a tour and make it pay.

There are a lot of dreamers on here. Ask yourself, what puts you in the 2% of people that actually make this pay in the long-run?

Just bet with your head, not over it. You'll probably still lose, but at least it won't cost you more than you can afford. Defeatist? Realistic."

By far the smartest post so far.

Be prepared to be fired at very short notice.

It can be done and there are thousands of people around the country who do it however most of them will have some kind of saftey net such as a cleaning job for a few hours a day or something just to make sure if things turn sour they can still pay their bills. I have found i can generally make a profit every day if i try hard enough however if i was to do this as a full time job the risk and stress would be over whelming. If you do decide to do it though good luck but make sure you have a saftey net

those who say u can't make a fortune from betfair just arn't skilled enough, or are trading on the wrong sport, take tennis for example in the last 2-3 months there have been many occasions were favorites have traded at almost 1.05 and gone on to lose, this happens all the time. or the PL title race with man u trading at ridiculously low odds with almost 8 games go! or the crazy swings in the champs league shoot out. theres edges to be found every where all year round. jus caus you can't identify value dnt doesn't mean no1 can

if you have the right formula you can make profit from plain backing, no trading nesseccery

it is certainly possible.

If you were doing it full time i would imagine it would become quite a solitary experience.

Also as you become more successful and end up with winnings of 250k then it will be very difficult due to premium charge  2.

I do agree it becomes easier as your bank becomes bigger.

Also as you become more successful and end up with winnings of 250k then it will be very difficult due to premium charge  2.
____________________

must be every gamblers worst nightmare

theres a way around that though..ask your parents or relatives to open an account fund it with your money and use that under their name for winnings?

Not according to bob you would be considered very lucky to be paying PC charges

tegs - i bet BF haven't ever considered that  possibility

lol!

no chance of that working tegz.

Coachbuster if you are looking to do this long term for your primary source of income then paying 40-60% in commission is something you need to consider the impact of.

i agree they should up their feee on earners of 250k or more but 60k is a ridiculous amoount

if any1 is looking to add a profitable system to there portfolio check out goalprofits.co.uk . i have been trading with this guy for a while now and his selections are absolute gold (usally 3-6 a day), hes results arn't faked as he trades his selections on twitter for all to follow and his CS strategies are genius. his "lay the draw" picks are also solidly in profit and have been for years. there hav been losing days all be it very rarely but the profits are huge when they hit. i applogise for shamelessly plugging this service but it really is that good and ive managed to triple my starting bank jus through the last 7 weeks

mayb if u follow this guy for a couple months, many of u wont be so cynical

and for the record "Lay the draw" has and always will be profitable

p.s lol at coach ^

coachbuster from ur experiance, when having betfair as ur sole source of income, can u avoid thinking about betting when u are not on ur computer? for example during the time away from betting  do u think u can be able to focus on tasks which might need ur full concentration

Coachbuster if you are looking to do this long term for your primary source of income then paying 40-60% in commission is something you need to consider the impact of.
______________

Mighty whites - if i was able to win 250k in a couple of years i  would call it a day from the profit /work angle

250k isn't exactly enough to retire on.

agreed mcchicen

henok     21 May 12 22:38 
coachbuster from ur experiance, when having betfair as ur sole source of income, can u avoid thinking about betting when u are not on ur computer? for example during the time away from betting  do u think u can be able to focus on tasks which might need ur full concentration
_______________________________________________________________________________

henok , i'm on a bit of a joke tonight with the comments

i only think about betting when i'm betting tbf and even then i lose concentration or get sidetracked ,but rarely when i'm out and about do i give betting much thought  -  i used to give it more thought in the days  when i was a a net loser

McChicken_Sandwich     21 May 12 22:40 
250k isn't exactly enough to retire on.
_______________________

it is if you know what you're doing

McChicken ,if you have already made a net profit of 250 you should not be struggling on here with a 40 -60% charge or even trying to beat the charges for that matter

thanks coach

Depends how 'comfortable' you want your life to be.

Coachbuster
21 May 12 22:43 Joined: 08 Apr 06 | Topic/replies: 19,364 | Blogger: Coachbuster's blog
McChicken ,if you have already made a net profit of 250 you should not be struggling on here with a 40 -60% charge or even trying to beat the charges for that matter

What else am I meant to do? Buy a small stake in a vineyard?

McChicken - are you talking about  reclining chairs ?

Become a slum landlord.  It's rewarding.

Well i'm not on here to give advice ,but if i had 250k i could easily make that work enough to give you a living .

But you probably want to shop in Waitrose and drive around in a new Audi TT don't you ?

Not according to bob you would be considered very lucky to be paying PC charges

yep

Rob - slum landlord is exactly what i meant about multiple mortgages

Rob - how many houses do you possess in your portfolio - do have they an MOT ?

mcchicken, i think 250k is a big money. for instance u can go to middle income countries and easily made it into millions if u invested it wisely. but then again it depends on ur sill set

I don't want to attempt to retire on 250k in my mid-20s coach.....

I am sure with a canny savings plan and a good coupon book it could be achieved though.

Who knows what the future holds anyway, I am sure opportunities are out there, but not ready to quit betting entirely.......yet. Might not be on betfair as much though, time will tell.

You are a big posh sod with plums in your mouth

what else could you do to make that sorta dough?

May 21, 2012 -- 10:56PM, bob.vegas wrote:

what else could you do to make that sorta dough?

i think u can lay munich for 60000. easy

yep put down a 50k liability and saunter down the pub. what a life hey henok?

I think so, Betfair has set me up for life and im mid 20's
I dont need to worry about saving for house deposit,mortgage, cars, holidays anymore.

serious Bruce? never seen you discuss a bet

won an arcade jackpot in jan, just shy of 100k

you won 100k on the betfair arcade games? did they do a story about you? did you mention it on the fora?

Yes, they did a little story, had a banner up for months in the arcade section and it was in the poker forum.

wowzer. well done. did you ever discuss it on the forums then bud?

poker forum, no one listens to anything real on this one

bob , i think McChicken wanted a word with you 

Coachbuster

Rob - how many houses do you possess in your portfolio

I'm not really that interested in being a landlord, there's better uses for my money.  Not that I use it for anything sensible, but I don't really want to get to the ripe old age of 35 or something and wish I'd done more stuff.  I tend to fritter it away on nonsense.

something to do with strategies

Simple: don't chase losses.

Learn how to lose first.

link me to what you're on about Coach

Retire on 250k

You have got to be joking.

250k simples

Coach what you on about McChicken mate?

250k should make you £400pw - tax

320 net

he would like to advise you bob , a bit like a mentor

300 net would be more accurate ,enough to live on anyway

ok where is this post?

put a post up for him ,he's probably wondering where you are

Rob ,

Fritter away ?

what are you getting at Coach? i have no dealing with the guy. he is an unknown

From my experience I have made Betfair full time job and it is possible! To all those who think that is not I would say that they don't have enough experience yet. You don't have to waste so many time on calculating to make some bet, I mostly laying and that's it, I risk a lot to get a little, I choose only 1 club per day and that's it, it takes mi 15-20min at day, always risking 1/3 of bank and now have come to that level that I make a very good living of it with such a easy. So, don't calculate too much, don't think to much, risk a lot

I thought everybody on here was full time on B.F.

Do people actually work?

what is work?

vidocq

I understand what you are saying,but high risk,is exactly what it says though!!not for the faint hearted,and not for the long run either,strange things happen in betting.

bantam is the shrewdie.

the main problem with gamblers is how they react to losing.

if you chase then naturally your far more likely to overstake and get wiped out.

what i always do after a bad loss is stop for a few days....no trading no betting full stop.
the same goes if i have a really nice win.

got to be in a similar frame of mind at all times when gambling.

100% focused
no distractions.

no delusions of "im gonna make a living on here" etc

just concentrate on what you do best and let the results decide of your gonna make it.

well thats a dirty word imo.

you have never "made it"

Coachbuster

Rob ,

Fritter away ?

Yeah, spend it on pointless and/or meaningless things that seem amusing at the time but, ultimately, aren't.

whata bunch of idiots here i can only laugh at you GO BACK TO YOUR STUPID LIFE AND GET A JOB

with your winnings, invest the money & start a business to fall back on, before you go bankrupt lol

Edge*turnover=profit

Anyone who has an edge of over 1% is doing really well and probably getting it from low liquidity markets and can't get much on at those prices.

Therefore anyone taking out millions needs to have a very high turnover which only come from high liquidity markets where the prices should me more true.