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Hi All
Who on here has given work up to bet/lay full time and what how did you make the decision to go full time
Thanks in advance
Who on here has given work up to bet/lay full time and what how did you make the decision to go full time
Thanks in advance
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Ah, I remember I used to discuss it with you on Gen Betting forum, 2010, and you were trying something similar
I don't recall what I changed tbh
I did have the results from March-June 2010 saved on a spreadsheet
https://docs.google.com/spreadsheets/d/1D38a5fo2a-w25-z8uCEALOnoqgloWvlS1lzLdnhoq94/edit?hl=en&pli=1&hl=en&pli=1#gid=0
That was 662 races. Seems the highest point of bank was £312 near the end. But I got to £300 in just over 300 races and then just snakes and ladders.
I had 2 further attempts later on, maybe another 400 races, but just was a small loss from those. So about 1,000 races and the profit was in the 1st third of that.
I don't recall what I changed tbh
I did have the results from March-June 2010 saved on a spreadsheet
https://docs.google.com/spreadsheets/d/1D38a5fo2a-w25-z8uCEALOnoqgloWvlS1lzLdnhoq94/edit?hl=en&pli=1&hl=en&pli=1#gid=0
That was 662 races. Seems the highest point of bank was £312 near the end. But I got to £300 in just over 300 races and then just snakes and ladders.
I had 2 further attempts later on, maybe another 400 races, but just was a small loss from those. So about 1,000 races and the profit was in the 1st third of that.
you changed the % criteria because some were going way lower than the price you took. This meant some were now unmatched. You should have gone the other way, matching more runners. On-course bookies dont fret if they lay 3/1 early for something that goes off 9/4, otherwise they would offer 9/4 early and take alot less money
You made 89.7 points profit from 662 bets. 13.54%. It is a roller coaster. On course bookies dont win every day.
Don't worry guys..... i still am going to work every week as it does pay more as this just now.Hope all you guys are doing well...
just try and post it pre-result though.....its embarrassing the amount of after timing that goes on.....
I posted England were coming home and Mr Southgate would be sacked imminently with a minute maybe 2 to go on sunday. I walked away to do other domestic stuff and came back about 10 mins for confirmation; England 2-1 up in extra time. I did not see Bellingham's or Kane's goals.
I'd also like to say enough with the embarrassing After-timing.. Youre better than that (hopefully) and we're not stupid..
Who is going to open themselves up to be destroyed on this forum. I can never see myself posting my bets…. Happy to share my profit/loss
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....
Very true. i have said very little about my bets on here. just shared my journey to folk.
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. 
Hope you're enjoying the ride. Good luck.
You don't have to post anything to prove to these potless mugs
I dont. Im just genuinely interested in how others are getting on.
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
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
Good work man....i talk to close friends about my bets win and losses as i feel you need that bit of pressure to make the right decisions long term. Don't tell anyone than its a problem gambling...... i want to say i am doing better as i was last month and this is the pressure i like.
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.
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.
You cannot win big eg a few thousands like in the past. Your card will be marked, if so; shenanigans (manipulations) aplenty to dislodge your green status well before the event takes place. Horseracing punting, etc, are opinions based and also subject to emotions; charlatans will conspire to erode your green status by hook or by crook.
Cannot win thousands?marked card on an exchange betting footy?
^no, people who say you cannot be full time on here are full time losers.
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
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?
My lifetime p&l is there, I'm a backer of horses I/R from home using Live Video,lots of losses as well as wins, my graph would look very different to yours with lots of peeks and troughs.
Down the years my kids have said similar to me as you but rightly or wrongly I have always withdrawn money I've won and for the most part maintained the status quo.
If you're a lifetime winner or currently paying or near to PC you will have a portal showing lifetime figures.
Down the years my kids have said similar to me as you but rightly or wrongly I have always withdrawn money I've won and for the most part maintained the status quo.
If you're a lifetime winner or currently paying or near to PC you will have a portal showing lifetime figures.
Has your latest good run put you in front from all of your time on here?
Gross profit & loss
£32,398.01
Commission
Other charges
Premium Charges
Total charges (18.43%)
Maximum possible premium charge
£5,129.01
+
£0
+
£841.73
=
£5,970.74
£508.86
Commission & charges from last weekJuly 8th, 2024 - July 14th, 2024
Gross profit & loss
£2,954.79
Commission
Other charges
Total charges (2.78%)
£82.1
+
£0
=
£82.1
This week’s premium charge prior to allowance deduction
Available allowance
Premium charge this week
Your remaining allowance is
£508.86
-
£158.27
=
£350.59
£0
£32,398.01
Commission
Other charges
Premium Charges
Total charges (18.43%)
Maximum possible premium charge
£5,129.01
+
£0
+
£841.73
=
£5,970.74
£508.86
Commission & charges from last weekJuly 8th, 2024 - July 14th, 2024
Gross profit & loss
£2,954.79
Commission
Other charges
Total charges (2.78%)
£82.1
+
£0
=
£82.1
This week’s premium charge prior to allowance deduction
Available allowance
Premium charge this week
Your remaining allowance is
£508.86
-
£158.27
=
£350.59
£0
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!
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.
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.
I am happy to take your word for it.
Have you ever asked betfair if they would reduce charges to help you remain with them? Have you looked elsewhere to reduce your costs?
Thanks for your feedback Management.
This information a feel very valuable.
Have you ever asked betfair if they would reduce charges to help you remain with them? Have you looked elsewhere to reduce your costs?
Thanks for your feedback Management.
This information a feel very valuable.
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.
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.
What will happen with the F1….. I’ve been paid out but had Hamilton as a lay
Not 100% because of the unusual nature of this DQ but generally the podium result will stand regardless of subsequent changes.
Motor sport is usually pretty much first past the post, but just to re-itterate not 100% in this case.
Motor sport is usually pretty much first past the post, but just to re-itterate not 100% in this case.
Who me? or you? I never have and not even started working through my allowance, like I said, lots of peaks and troughs being a horse I/R backer from home, more losses than wins although the trend is up. I'll need to go under 20% total charges and I'm on 22.8%
You're already working through your 1000 allowance and you'll be paying it very soon by the looks of it.
You're already working through your 1000 allowance and you'll be paying it very soon by the looks of it.
Well.....hopefully i get passed this then i will review my options at this point.
how much do you need to win to start paying PC ?
It’s dead simple,if Betfair believe this is your main form of income and are basically using the site like a cash cow with no over heads,then charge the correct rate.accounts should determine how much.
If you are a fun bettor,semi retired type etc,and aren’t using Betfair cos it saves on employing people or paying rents etc,then charge accordingly.
I myself have a shop,where I have 3 ladies serving the public,I do the books back office.i bet for fun on Betfair,
Never mix business with pleasure.
If anyone moans about the pc charges,then let them explain why they believe it’s to high.if they put a good case,then reduce,if not then charge them the correct rate.
If you are a fun bettor,semi retired type etc,and aren’t using Betfair cos it saves on employing people or paying rents etc,then charge accordingly.
I myself have a shop,where I have 3 ladies serving the public,I do the books back office.i bet for fun on Betfair,
Never mix business with pleasure.
If anyone moans about the pc charges,then let them explain why they believe it’s to high.if they put a good case,then reduce,if not then charge them the correct rate.
Nots County
Barrow
Bradford
Wrexham
Walsall
Newport
Gillingham and draw
Barrow
Bradford
Wrexham
Walsall
Newport
Gillingham and draw
you make 50K a year and are making it pay, then betfair want 40%, do the maths, they've killed the exchange.
will see how it goes the next few month then make the call what i do
For ure needs of footy and golf it's the places to go if pc has kicked in ere. Daq has an offer on now for 100 days @zero
Amazed u haven't been there as I mentioned it on ere months ago
I didn’t look as I wasn’t sure if it’s the same set up as here. Wasn’t sure if you won you’d be taxed on other sites too
The Normal Commission Rate and the Enhanced Commission Rate apply to all consumer customers on ****. However, we reserve the right to apply different rates to accounts in other customer categories which may include the following customer groups: commercial customers including licensed bookmakers, certain profitable customers and customers with heavy usage of the exchange such as, but not limited to, API customers. We will notify such customers in advance if their accounts become subject to charges other than those specified commission rates.
daq is an exchange like here. betfair is the largest. they're not related/connected, they're owned by different companies. if you can get the liquidity you need on daq then you should definitely start doing some of your betting there, as there is no PC.
lumpOn if you're making that on football only, well done.
i think the daq may alter your commission % if you make too much profit, not sure but still worth taking some of your business there until it hits. could look a smarkets too
Yes, will sign up this weekend and see what it’s all about.
Swifty….. it’s mostly football and golf.
I hope to get that up to 50k in 12 month by the end of the year…….. hope labour doesn’t tax me
Swifty….. it’s mostly football and golf.
I hope to get that up to 50k in 12 month by the end of the year…….. hope labour doesn’t tax me
Daq prices mirror here. When here crashes. Daq prices disappear. They are linked to trade ticks
Prem games and golf will not move too much so the commission will definitely help me …. Another 220 debit from account this week
That’s me moved over now …. Gutted, love this layout but can’t keep paying out that charge. Still have 1 season long lay going on
Thank you…. I will pop over as I have 100 quid sitting for a play
Thank you…. I will pop over as I have 100 quid sitting for a play
He's not on ere anymore. Paying pc. None to pay elsewhere
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