nobody wants to see your bets but you could have said i am getting stuck into Portugal tonight before the start....or whatever....there's plenty of liquidity on the football markets so it will not affect the pricing your after....

How much of the 20k profit you posted last March have you got left ?

Thats good then. Hope you're enjoying the ride. Good luck.

Just the month of MAY will do for me

They all think I make it up

Cheers buddy

No I haven't run away, I just wanted to see if you were prepared to post up a screenshot when you may have taken a couple of hits and I can see that you did in May and that was when things went very quiet on here.

Look this is how it is, the whole thing is on you because you started the thread and you did so because you had had a phenomenal run and you have had credit from many on here including me but the truth is that you started the thread because, probably for a while you were desperate to tell all about how well you'd been doing but you didn't want to look big-headed so didn't want to start a thread entitled, "Look at me, I'm good" instead you started one with a roundabout title that you knew would lead at some point to you being able to reveal how you had been doing.

As you started the thread we are entitled to ask questions and you should be prepared to reveal losses as well as profits, but you only want to come on here and crow when things have gone well and not poorly, like in MAY.



Anyway, here's mine, 20+ years, not quite 30K a year, but steady 6k, year in year out, no laying, backing horses in running from home.





Lifetime summary

Applies across 129,252 Exchange markets

Gross profit & loss

£133,965.83

Commission
       

Other charges
       

Premium Charges
       

Total charges (22.82%)
   

Maximum possible premium charge

£30,569.64
   

+
    £0
   

+
   

£0.55
   

=
   

£30,570.19
   

£0

Commission & charges from last week

June 24th, 2024 - June 30th, 2024

Gross profit & loss

£594.59

Commission
       

Other charges
       

Total charges (4.79%)

£28.5
   

+
    £0
   

=
   

£28.5

This week’s premium charge prior to allowance deduction
       

Available allowance
       

Premium charge this week
   

Your remaining allowance is

£0
   

-
   

£1,000
   

=
   

£0
   

£1,000

lumpOn - I haven't read the whole thread - but there used to be threads like this (usually on the general Betting Forum) every day 20 years ago.

At a quick scan, it sounds like you are laying long-shots (a different side of the same coin as backing at long odds-on).

If that is correct? - you will need a much bigger sample size (than one season) to understand whether you have just been lucky or whether you are good, because while the loses might be a bit devastating, long winning runs from time to time are to be expected from that method of play.

My guess would be that you have just been lucky. It's just a guess but I base that on the fact that previously you were a loser and you have been here (or had a forum-name) for 16 years.

If you are playing mainstream leagues, the pricing inaccuracies (when you find them) are early (before the market matures), even then they are small and would require absolutely massive turn-over. There are plenty "wrong prices" out there - but not in mainstream leagues where the volume can be achieved - all the best opportunities are in minor markets with minimal liquidity. Sadly most of the very best value bets are likely to be to £2 to £50 stakes in obscure games or side markets!

If you are betting mainstream games (e.g. EPL) you can probably distinguish between luck versus skill by comparing the prices you achieved to BFSP. i.e. If you could have fairly consistently locked in a profit before a ball has been kicked, you possibly have an edge.

As for going full time, there dozens of factors to consider, I can't be bothered to list them but there are so many down-sides now, that on balance, I would say you have missed that boat by about 20 years. GL.

Cannot win thousands?marked card on an exchange betting footy?

... Lumping on Djokoff again this year mes?

People say you can’t do this full time is a very negative attitude. Yes, this takes no time so can still work and gain a tax free income.  I wasn’t profit gambling before but had a look at doing a different strategy and took sports I feel I have a very good knowledge with. I’ve made good money but I know if it starts going down at an alarming rate I can stop and still keep a very good profit …..


Everyone needs a chill pill and do what they enjoy doing. Profit if you can ……. Sleep well peeps

Duffy..... if you are making money why can't you increase you stake to make more money?

so why not?

Has your latest good run put you in front from all of your time on here?

That is what my one says

Looks like BF will be taking their pound of flesh out of you soon, bit of a badge of honour though I suppose even if it will sting a bit.!!

lump0n20 Jul 24 17:12Joined: 04 Mar 08 | Topic/replies: 671 | Blogger: lump0n's blog
Duffy..... if you are making money why can't you increase you stake to make more money?

Try it. Maybe when you hit PC. Let us know how it works out for you!

Lifetime summaryApplies across 102,320 Exchange markets
Gross profit & loss

£916,156.79

Nearly +£9 per market (average) but nowhere near so pretty when you take off "Total charges"

Then again I only played seriously (mostly horse-racing) from 2000 till about 2008, juggling with full-time employment that whole time - but I was lucky enough to be a "home-worker" (with a lot of travel) from about 1990 (well before it became trendy!). After PC I then played only semi-seriously till about 2012. Ironically now that I am pretty much retired, my circumstances are secure and I actually have the time, I don't really fancy working full-time for Betfair (which is what paying PC effectively amounts to), at what would probably amount (Net) to little more than minimum wage. Increased charges coupled with declining edge isn't a great incentive.

As you might discover, PC makes any serious variance very stressful, I don't need the stress, so now I am (since about 2012) just what I would describe as an enthusiastic part-time "ponce"!

I wrestled with "full-time" Betfair in about 2002 (after my first proper good year), on balance I decided against it, regretted it a little (sometimes a lot) till about 2008 but still know deep down I did the right thing relative to my job, my salary, benefit package, pension, family circumstances, real world responsibilities (personal & financial) etc, etc.

As per my previous reply to you - you have missed the "full-time Betfair" boat by about 20 years imo. Unless you are single and childless (and intend to stay that way), plus currently working as a parcel courier or food delivery driver. In which case I'd say go for it, if you have very little to lose!

Everything can be faked, so whether you believe my numbers and/or my storyline is entirely your choice. I don't care either way and shan't reply again, I'm off for 4 weeks+ from tomorrow anyway and when I return I intend to seriously reduce the amount of time I waste on the ever declining pleasures of the forum. GL.

The problem with full time Betfair,now and 20 years ago is.
Given you need minimum 20k/30k to live,plus private school fees,plus holidays,so need 40/50k a year.

So every Monday morning you are 1k down,so you are effectively chasing.
So all the requirements to be calculated,value,patience,bank etc are against you.
Part time/fun,hobby betting is more possible,but then you aren’t paying enough attention to it.

So it’s a full time work load v part time attention v pressure on finances.

It does suit someone retired,but if your life finances are safe,then do you really need the money,so why gamble.

As jp Mac Angus said on backing a 2/5 shot,if you’ve got the 5 why do you need the 2.

So all that’s left is fun,excitement,joy.

In order of in the moment joy.
1.big win on horses
2.team score important goal
3.the rest 100/1 bar,including
Marriage,kids born,job promotion,people around you doing all the above.

So chasing number 1 seems  to be the best. Life goal to aim for.