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scrooge_mcduck
06 Dec 09 10:18
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Date Joined: 24 Apr 08
| Topic/replies: 899 | Blogger: scrooge_mcduck's blog
Anyone know of any interesting blogs or web reading material about professional gamblers? Ideally I'd like to know the following:

1) Starting bank
2) Rough estimate of ROI per year
3) Staking system - i.e. level stakes, percentage stakes or other

The tips I can do myself ;)

Thanks in advance
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Report OspreyMan December 6, 2009 10:36 AM GMT
Pro gambling takes up alot of time and energy searching out bets and value, unlike the mug punter who picks his selections from family names or sentiment, some pro's spend days pouring over form and conditions in an event, first of all you must specialise in a sport like rugby boxing football ETC, a friend of mine buys money, he put £5000 pounds on Khan in ladbrokes to win on the boxing, he is a type of gambler who puts the cash on certs, he bought hiself £670 and probably browned his pants in the proccess, i have shelled out £1000 pounds on 2 bets in the rugby union and gained enough for the xmas presents, best of luck, but the man that studies always has the best chance in my book.
Report DFCIRONMAN December 6, 2009 10:43 AM GMT
Koo's Comeback Thread

Above is title of thread and poster was Koo...


LInk -

http://www.gubbed.com/forum-search.fcgi?q=Koo...&s=32&b=Search
=========================================================

His "style" is probably well different from other "pros"..........however, liked the way he was prepared to "risk" a part of main bank to make excellent profits IR .............You will see he had some huge losses, but was consistently doing well from March 2008 til towards end of 2008.......no idea how he fared after that.
Report Doyler1987 December 6, 2009 11:12 AM GMT
FFS man what are doing posting this on a Sunday morning when were all in bed hungover to fook.

1) Originally started with 400 quid, lost €13,000 in a week (wasnt all my profit but you know that hurts), started again with €100 then. If you cant do it with a small amount youre not gonna be able to do it with a big amount, granted you cant do certain things with a small bank but you have to learn. You dont have to bet thousands to win thousands. Just be comfortable with the amounts youre starting with.

2) Dont bother with it.

3) I have different staking systems for every sport, and different for in running compared to pre-off. Keep an excel record for every sport and see what youre best/worse at then go from there. If youre awful at a sport (golf for me) give up, simple. Focus on sports youre good at. But if you wanna bet on a sport youre pants at keep a "fun" bank for it, but also keep it in your overall records. I'm currently working on whats better for me, in running or pre-off, in running is coming out best so will kick on with that and stop pre-off for a little while. I'm always changing my staking every so often, change with the market, plus if youre going through a bad patch do something about it. Alway have a max though and never up it (too much, odd hundred maybe on a good run), I dont up mine often.

Basically everybody can tell you stuff but you have to row your own boat and do what suits you best. One bit of advice - enjoy yourself, dont give a tooss about what anyone else says and have the craic. If people ask what you do, tell them what you do, they have issues thats their problem, dont explain yourself to anyone, you dont have to prove anything to anybody. Dont chase - might help too :) But as I said people can tell you stuff, but youre on your own when youre betting.

Yours sincerely, The Daddy B-) :^0 ;\
Report Alex the old wrinkled retainer December 6, 2009 11:33 AM GMT
Here we go again.
Report Alex the old wrinkled retainer December 6, 2009 11:36 AM GMT
1) Starting bank
2) Rough estimate of ROI per year
3) Staking system - i.e. level stakes, percentage stakes or other




1.) Why does starting bank matter? If you are profitable you don't need a big bank to start.

2.) Why does ROI matter? Is that the right measure?

3.) Other. Stake according to probability verses odds.
Report scrooge_mcduck December 6, 2009 12:23 PM GMT
Thanks for the input guys...

I ask this because I think if you are extremely good you can build up from a samll bank but to make consistent measurable profit a big bank + level stakes is the way to make a smaller but safer profit and I wondered if this is what most poeple do.
Report Alex the old wrinkled retainer December 6, 2009 12:24 PM GMT
Most people lose so you need to do the opposite.
Report scrooge_mcduck December 6, 2009 12:24 PM GMT
Probability versus odds is very difficult if not impossible to measure.
Report The Betfairy December 6, 2009 12:27 PM GMT
probability verses odds
Indeed, that's the crux of gambling.
Report not_drwho December 6, 2009 12:31 PM GMT
"when were all in bed hungover to fook."

No doubt you watch the X-factor too.

The state of Britain today......
Report Doyler1987 December 6, 2009 12:34 PM GMT
Stopped watched after Jedward, cheers. :^0

And for the record, I'm Irish.
Report scrooge_mcduck December 6, 2009 12:34 PM GMT
The Betfairy 06 Dec 13:27


probability verses odds
Indeed, that's the crux of gambling.


Only where you can accurately measure probability e.g. cards etc - not possible in sports betting imo.
Report Alex the old wrinkled retainer December 6, 2009 12:40 PM GMT
Yes it is.
Report The Betfairy December 6, 2009 12:42 PM GMT
Here we go again :(
Report Doyler1987 December 6, 2009 12:43 PM GMT
:^0
Report Alex the old wrinkled retainer December 6, 2009 12:46 PM GMT
It's behind you.
Report joshuag December 8, 2009 3:50 PM GMT
There is a series of interveiws with professional gamblers in the current and back copies of SmarterSig.com magazine. Interviewees include

Alan Potts
Russell Clarke
Laurence Lambourn
Hugh Taylor
Report birch2 December 8, 2009 5:09 PM GMT
The tips I can do myself

This is 99% certain to be where you fail
Report CaliforniaHereWeCome. December 8, 2009 9:19 PM GMT
:D
Report Trevh December 8, 2009 9:30 PM GMT
Fwiw, I believe before you can succeed you first have to fail. There's an awful lot to learn from your failure, that you don't know first time round.

I guess what I do is classed as trading rather than gambling, in that I don't try to predict the outcome of an event. I tried that first time round and failed, and learnt that I can't see into the future.

I study alot and record everything I do, my stats are my bible. I always use plain old level stakes. I don't know or care what my ROI is, it's too complicated to work out, so a plain old % of bank weekly increase is what I look for. I've learnt that gambling is a very insecure business, so I've learnt to reduce my vulnerability by following a strict set of rules, which also reduces volatility. Anger management is important too :)
Report Glengarry Glen Ross December 8, 2009 9:52 PM GMT
Great shout Trev
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