Becoming a pro punter?

1 - you wont get much help from here, most people will call you a mug, thats what this place is like

2 - if i found an edge in a market would i come on here and tell everyone, or keep it to myself and continue making profuts

3 - seeting a daily limit is pointless, if you are on a good run and have found a bet that is great value, are you going to not bet on it just because you have made a certain amount that day?

HTH

"Firstly, do you bet from home or have an office away from your house? "

You do not need an office

"Do you make a rule of sticking to one particular sport that you are most comfortable with or punt on several sports?"

Punt on whast you know about

"do you try and hit a certain profit target each day and stop when you hit it?"

Certainly not, forget about days, weeks or even months

"one large bet or several smaller ones"

Small ones eg 1/100th of your bank

Why don't you just get a job playing for Manchester United up front as a 40 goal a season man, I imagine that would pay very well.

do you try and hit a certain profit target each day and stop when you hit it?

A psychologist did some research on New York taxi drivers. He found that most of them expected to earn about $200 a day, so they would go out and come home when they had made $200. On rainy days, they made $200 fairly easily and came home after a couple of hours and took the rest of the day off. On sunny days, people didn't want cabs so much, so the drivers often had to work long shifts to make their $200.

The psychologist suggested a change in this pattern to a number of drivers. He said that they should put in the long shifts when it rained and there were plenty of customers. When it was sunny and there were few customers about, they should come home early.

The drivers followed his advice for a few weeks and discovered that they were making far more than they'd ever made before. When business was good, they worked as long as they could. When business was bad, they stopped work early.

The psychologist went back to see the taxi drivers six months later. He found that most of them had reverted to their old bad habits of working until they had made $200, no matter how long it took. The few who had stuck with the new style of working were well on the way to becoming wealthy.

I hope that answers your question.

Never heard that one Galllivanter, that's a good take on it. Can never understand the point of setting daily targets anyway.
The question about an office away from home is a very good one. Wouldnt go as far as that but it's important to get yourself into a proper 'i am now at work' frame of mind: its too easy to not get changed out of your pyjamas if you dont have to!

i'm going to invest in one of those SAD light machines. have a real problem getting adequate natural light in my office and its very important. manage to get outside plenty in summer but health takes a downturn in winter.

Rod Hull sounds about right imo

Get one of those bed tables that patients have their food from in hospital.
That will save you getting out of bed. Try & get a bed-pan and bottle for
the same reason.

As you won't be going out much, get a couple of vests and a set of cheap jogging pants for the odd times that you do get up. No need to wash or shower every day, about twice a week should do - the same for shaving.

Make sure that (once you have made enough money for a holiday) Betfair is not blocked on your laptop at your continental camp site.

It's best to ask on a new thread if pro gamblers have to pay tax.

Best of luck.

but i'm not naive enough to think it aint the hardest way to make an easy living.

That's a contradiction....IF IT'S HARD IT AINT EASY

Firstly, do you bet from home or have an office away from your house?

Complete no brainer....Keep costs down, and be able to act quickly. Good job you are not in any business if you first idea is to mull over wasting loads of money

I was thinking it might be beneficial to do it out of the house so you can try and separate it as much as possible from your home life?

Forget separating it from your home life if you want to make good money or any money.

Do you make a rule of sticking to one particular sport that you are most comfortable with or punt on several sports?

Target sports/areas where you think you can make money and target as many sports/areas as common sense dictates. Unless you are very good indeed at maths and computers I'd generally avoid sports where prices are 95% determined by mathematics, derivatives and technology. Then again if you want to concentrate on events where experience and judgement are the main keys to success, your judgement needs to be very good to make up for your lack of experience.

In terms of profits, do you try and hit a certain profit target each day and stop when you hit it? And do you try and hit your target with one large bet or several smaller ones?

That is such a stupid question. I'd say anyone asking that question is extremely naive. You make what you can which should be obvious.

I've got a decent sized bank to start with, but the main reason that i am considering it is because there aren't many job prospects for me elsewhere and i think that i could make it pay. Any other (constructive) feedback would be appreciated. Thanks

If you've got a decent size bank because you started with a small sized bank and built it up over time, gambling or trading then you have reason to consider making a serious effort to make a decent living. If you havent then you have your head in the clouds. You dont start with a big bank. You start small and learn as you go along.

hghoulash

dont do it.


there is a whole big REAL world out there

Why would you want to do it? It's easier to go to work. Plus gambling is repellant to women.

".............have an office away from your house? I was thinking it might be beneficial to do it out of the house so you can try and separate it as much as possible from your home life? "

why pay the extra overheads of having an office, all you need is a desk and a computer !

Re about betting on different sports - stick to what you do best.

You need discipline and knowledge, which comes from experience, and maybe at your young age
I would doubt if you have enough experience. Although Patrick Veitch started about your age........

It seems to be the only industry that you can go to bed as an amateur one night and wake up the following morning and decide you are suddenly a " professional " punter , every other profession I know requires some form of qualification or certificate.

If it will make you feel better to label yourself as a pro then that's great , go for it.

HAYDEN 19 Mar 22:15
It seems to be the only industry that you can go to bed as an amateur one night and wake up the following morning and decide you are suddenly a " professional "

Yesterday I couldn't even spell professional and today I are one.

paying for an office is a ridiculous solution, however the problem it solves is a real one.

a couple of years ago i was forced into buying a new computer, cheap dell effort with nofrills, just to run some gambling software. all my programs were buggy as hell on my then laptop and i found myself rushing tasks when it was running well and missing out on bets when it wasnt, it was a good solution.

having a reliable computer wasnt just giving me a stable and virus free connection to the internet, it also focused me as it was stationary in my bedroom and out of the way of all distractions. i hadnt planned on it making a difference but it did, the first thing i did everyday was get up and push the on button (not so thinly veiled i gambled in my pants post) and got things up and running, my laptop sat on the front room coffee table and became a toy again.

find a space to be comfortable and relaxed (without jeremy kyle blasting in the background), its important.

also if possible find a part time job, it takes a hell of alot of pressure off, noticed that about 5-6 years ago. many on here will tell you to have minimum 2 years salary in the bank or 10x+ whatever gambling bank behind you, its sound advice. having a part time job to pay the bills does as much to solve the security issue as it does the stress issue, having a couple years full time wages in the bank and a part time job would be ideal but if youve a winning formula/skill on here then it can help you maximise your time infront of the comp. it also gets you out the house on a regular basis, keeps you in touch with the real world, maybe in the right job itll keep you in shape too? might be worth having one just to remind yourself exactly why you like punting in your pants in the first place :)

Clacher you're depressing the hell outta me, that's for sure.

You've got it the wrong way round hghoulash, you're supposed to make lots of money and THEN turn pro. What you're doing is like joining the PGA Tour when you can't break 100 yet. Absolutely**ers..

The fact that you're asking about meeting daily targets suggests to me that you don't really understand what the game is about. The game is about finding value somehow. There's more than 1 way to skin a cat and there's more than 1 way to find value bet scenarios. But not many will allow you the luxury of having a steady daily income. That's for people on a salary in a safe profession. Pro gambling isn't usually like that unless you are a courtsider betting after the event. Even when you have an edge you will still have to endure the long losing run. If you really have an edge and you can hold onto the belief in your edge through the losing runs, then you've probably made it. I would guess most people fail because a) they don't have an edge and are just having punts(95%?) or b) they have an edge and they can't psychologically handle the long losing run or c) they have an edge and they don't manage their bankroll well enough to see out the long losing run.

when i say freedom there i mean mentally.

somebody rolling out of bed at 11am every morning and reading the racing post might claim to be 'free', unless they are well prepared then they are not. they will think about their 'job' and their money a hell of alot more than the bloke who clocks off at 5pm every night, some will thrive in that enviroment, others will buckle.

pro gamblers need to be very sure about themselves to clock off, most people couldnt.