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If you're going to take the risk of punting for a living, it's far better to do so when you're young, free and single than with a wife and children to provide for. That's why a young man would have a go.
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deffo gallavanter, a mortgage, kids etc etc, and thinking of pumping 10k redundancy into here and trying to give it a go?? mental. but they do i'm sure, and some must make it
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As Shakespeare said, Tennis, conscience makes cowards of us all. You can't go all in when the wife and kids need looking after, you have to build it up slowly.
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its only a risk if you havent followed the advice of others and secured your front door from the wolves, either with a large bank or regular part time income.
the same principal would apply to an older family man as it would apply to an 18 year old out of college, the only difference is a younger man will have far fewer outgoings. it should be easier for a younger person but its all relative, an older person might find buiding a stabilising bank easier and have experience in another field to fall back on, a younger person wont need to have as much under the matress as they will never need it. saying somebody starting out young is ideal isnt true, it may be easier but problems could be created that will follow them the rest of their lives. ask around.. |
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what like 40k on credit cards...
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The main issues are potential lifestyle, and gap in CV.
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40k on credit cards is OK if you spent them backing barca the other night, otherwise yes that could be a slight issue :D
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I bet hghoulash is now sorry he even asked the question.
If he wasn't a confused young man before, he must certainly be now. |
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McChicken_Sandwich, I was in a similar position to yourself around this time last year. I was 23 and had been gambling for money since I began uni and 'full-time' for 2 years since I'd left.
I was getting a little bored of the monotony of watching sport everyday. It took me until August to actually decide to find work and I was gainfully employed by the 7th September. It was surprisingly easy to explain to my current employers what I had been doing, the skills it took and the reasons why I was searching for a career. I guess honestly is always the best policy. As a sidenote, in the period from when I started work until now compared to last year, my profits from gambling are actually up 15% and I'm convinced this is because of a) I no longer have the financial pressure to win and b) I enjoy doing it again now that its not my 'job'. Just my experience. |
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CurlyBlues 20 Mar 07:45
McChicken_Sandwich, I was in a similar position to yourself around this time last year. I was 23 and had been gambling for money since I began uni and 'full-time' for 2 years since I'd left. I was getting a little bored of the monotony of watching sport everyday. It took me until August to actually decide to find work and I was gainfully employed by the 7th September. It was surprisingly easy to explain to my current employers what I had been doing, the skills it took and the reasons why I was searching for a career. I guess honestly is always the best policy. As a sidenote, in the period from when I started work until now compared to last year, my profits from gambling are actually up 15% and I'm convinced this is because of a) I no longer have the financial pressure to win and b) I enjoy doing it again now that its not my 'job'. Just my experience. Hi Curly I am going semi pro from the start of October this year. I have waited a long time to get myself into a position where I can study the form and have time to trade on the races I have selected. I am still going to work as I will be specialising on AW sprint hcps and will have a max of 3 trades per day. I also really enjoy my work and get more out of it than I put in. From November 2009 until now I have proofed my selections/trades to 6 other forumites. I needed to do this to sharpen my act up and prove to myself I can do it. It can be done with, Specialisation. Form study. Knowing a horses racing style. Discipline. Betting Bank. Money management. Any other things I should do, please add, will be gratefully received. All my spare money is going towards my Bank for the AW 2010/11 I would say wish me luck, but hope to make money by doing the above, luck playing its part just a little, now and again. GGR Enter Delta!!! |
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best advice I can give is :
Only take advice from pro-punters. I am not a pro-punter. Good luck. |
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Glengarry Glen Ross 20 Mar 09:25
Specialisation. Form study. Knowing a horses racing style. Discipline. Betting Bank. Money management. The extra factors I have difficulty fitting into the above.. Trainer style (Is he sending the horse out to win or lose that day?.. and don't tell me it doesn't happen...) Jockey style (as above) These are two of the most uncalculable factors in my opinion, and there will never be a way to suss them out. gl. |
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I willgive you some good advice before you start and this is from someone who pays premium charges.Yes I received the dreaded letter from the bf management.
Firstly:- Since the world credit crisis people have been cutting back on their credit cards,less equity in houses,people worried for their jobs,continual errosion of wage levels dues to the governments acceptance of millions of skilled illegal immigrants,double dip recession fears,on track racetech in running punting,more suspect races uk/usa/oz etc due to owners connections etc needing more equity,more information on succesful wagering i.e. more people doing the right things.etc etc. All this results in LESS EDGE due to the prices been what they should be or lower .I will give you an example.I have followed usa horse racing since 2000.In the early days every horse almost was well over the track odds.Many favs could be just punted or traded and come down from 5/2 to odds on. Today many many more horses are returning bigger price on track and you have to factor in the the track price is after 20% is deducted.Also much much less people playing. All these factors are similar to the poker explosion when the americans where allowed to play poker online.Since the UIGEA(unlawful internet gambling enforcement act)poker has been dying a slow death.Check the poor numbers and low players in flop percentages on here and all poker sites. The point is the effort making money on here and the effort making money with your own business is the same.However the rewards as a pro punter are veryvery small compared with the same effort going into a business successfully of course. This is how markets work.The glory days of BF are long gone IMHO and with wealth moving to asian countries especially China the glory days of capatalism are long gone in the western world. So my advice is you will make more money by getting a job and planning your future away from pro punting.It was a great life but them days are now over for this lifetime. |
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pmbets 20 Mar 12:26
I willgive you some good advice before you start and this is from someone who pays premium charges. :^0 |
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The thing is Lori this guy is very young.What I am saying is that an older pro like myself is giving good advice to a young lad who is just beginning his path in life.
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I love the idea that you're calling yourself a pro after some of the dire efforts you've made recently :D
Also love the notion that betfair write to you about the premium charge |
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You are a sad loser Lori obviously.The letter will go like this. 'We are writing to you to inform you that last week ,for the first time you would have been required to pay the premium charge ending The Betfair Management .
I probably have some of your money Lori.Also why do you think all my bets I make an edge on I would give on the forum?It's up to you.But if you do your own research you will find I am your peer and you have much to learn. |
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BTW I have a good well paid job 50k plus.You can be a pro and have a job.For me thats the best way as the job is an insurance.
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What's 50K after tax these days?
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I got one email september 8th 2008 telling me they were changing the price structure and that I had to sign the new T+C as if my results continued in the same manner as the last 6 months I'd have to pay the charge.
No letter or anything. |
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pmbets is obviously very special indeed
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The only certainty on a gambling forum these days seems to be that that every thread with meaningful intent will eventually degenerate into a slanging match of sorts and a couple of punters ending up personally abusing each other , this thread was a decent read but unfortunately has just fallen into the same category.
It's all anonymous for gods sake and indeed relative so nobody should care who's got the biggest this that and the other , cue the almost scripted forum response these days of feck off and nobody forces me to read the thread. Good luck today guys.' |
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Hayden,
this guy is offering deliberately misleading advice in nearly every forum every day. The post in this thread is no exception. That stuff needs to be called out, especially as the forums are effectively unmonitored. |
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GGR,
I can't really give you much advice (even if I wanted to) in regards to horse racing. My efforts there are limited literally to the odd track day drinking with my friends. Even then I tend to avoid actually gambling too much and it isn't an experience I would recommend. Best of luck, if it all goes wrong atleast you'll still have your job to fall back on. You're Wiltshire based too, right? Extent of my racing knowledge is that the Salisbury races are supposed to be alright (never been myself). |
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hghoulash
id say go for it, no point doing it whilst you have kids and a mortgage to pay. Split half your money to betting put the rest in an ISA. if after one month you've not won 25% of your starting bank then quit. And Specialise in areas you know best and never chase. |
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pmbets 20 Mar 12:26
Yes I received the dreaded letter from the bf management. You're having a laugh, surely... Anyway, there seem to be quite a few threads of this nature recently. The questions asked normally show that the thread starter is unfortunately nowhere near ready to go 'pro'. Worrying about how much to make a day, bank sizes and so on. These things just should initially be of little or no concern. Compared to the real difficulties of actually making it pay, they are trivialities. |
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does anyone on here think that if they had 100,000 pounds they could make 10,000 a year on here
if so how 1. out an out punting with good judgement /money management 2, trading scalping 3, concentrating on one sport meaning that some days of the yearr they are completely inactive but busy at others such as March IPL, June World Cup etc interested to hear your thoughts |
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The problem is all these flat screen tvs have made the cardboard boxes big enough to live in quite rare . be very careful , this game is ruthless.
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small business now retired 1 only 2%win 98 lose 2 small is nice .3 if you what to be a full time pro thousands have tried it bookers waiting for you 4 look chelentam would you have won no you would have lost how much business start up forget it country gone tax mad too much state money to certain people who dont deserve it as abusiness with taxes you pay plus on top of that you make any money out the the business the company pays another 21% tax and petrol costd bank charges how can you employ people 28 days holiday pay country gone move on
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words of wisdom
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dont follow tipsters.
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20/03/2010 08:19
Morning All Nice to get a nice trade under my belt last night. One horse to keep an eye on from Cheltenham is imo Petite Robin, he is a natural front runner and I can only think that AP was told to run to orders and hold him up in his race. Next time out if he runs his normal race he should be a rock solid Back to Lay proposition. Anyway on to today´s racing. I have not looked at the Derby but the 7f Hcp instead. As you can see from my ratings it is very tight at the top. With Scorching Wind and Seek The Fair Land joint top rated. In this circumstance I would look to see if either were QA or SA horses but as you can see they both like to be prominent. So I now look at the prices being offered and this is where the value lies. I have helped myself to some 8´s, 7.8 and 7.6, which I thought was good value and put in Keep lays @ 5.5 and 5.2 I see for small money he has drifted to 8.4, if he goes out to 9´s I will play again. Have a good day and keep in touch Paul Ratings below as always K 150 5F 125 L 150 14:25 6F 125 S 150 10 Run Sportingbet Supports Heros 'super 7' Handicap (final) 7F 125 W 150 Class 2, £50000.00 added, 4yo plus, £31155.00 penalty R25 R20 7f CL 2 7.0 L #### #### O15 O5 Back to Top 125 150 20 120 150 40 40 25 20 10 10 0 710 Form Horse Trainer Age Wgt Jockey OR Pr D D Pr G G WM R/F O/F R S Q A T J CD C BF DR Total 1(10) 0623-41 Everymanforhimself (IRE) K A Ryan 6 9 10 N Callan 97 6.6F 108 L- 140 0 116 128 HU -10 10 492 2(9) 113276 Autumn Blades (IRE) A Bailey 5 9 8 David Probert 95 7F 125 L 150 0 114 124 HU -10 20 10 533 3(3) 410-113 Elna Bright B R Johnson 5 9 8 K Fallon 95 7F 125 L 150 0 98 118 HU -10 10 10 501 4(4) 1208-31 The Scorching Wind (IRE) S C Williams 4 9 6 R L Moore 93 7F 125 L- 140 0 110 140 PR 20 10 545 5(6) 0318-72 Wigram's Turn (USA) A M Balding 5 9 3 J Fortune 90 7F 125 AW++ 120 0 96 127 SA -20 448 6(2) 4-11540 Tourist D Shaw 5 9 3 J Quinn 90 6F 85 AW++ 120 0 ??? 20 SA -20 10 15 230 7(7) 30510-6 Kyllachy Star R A Fahey 4 9 3 P Hanagan 90 7F 125 L- 140 0 ??? 30 HU -10 20 10 315 8(5) 543556 Carcinetto (IRE) P D Evans 8 9 2 R Hughes 89 6.6F 108 L- 140 0 ??? 65 AL 40 353 9(8) 5135-22 Bravo Echo M J Attwater 4 9 2 Luke Morris 89 7.5F 105 L-- 130 0 110 134 PR 20 25 524 10(1) Dec-21 Seek The Fair Land J R**4 9 1 P Cosgrave 88 7F 125 L 150 0 118 122 PR 20 10 545 The Scorching Wind (IRE) S C Williams 4 9 6 R L Moore 93 7F 125 L- 140 0 110 140 PR 20 10 545 Seek The Fair Land J R**4 9 1 P Cosgrave 88 7F 125 L 150 0 118 122 PR 20 10 545 Autumn Blades (IRE) A Bailey 5 9 8 David Probert 95 7F 125 L 150 0 114 124 HU -10 20 10 533 Bravo Echo M J Attwater 4 9 2 Luke Morris 89 7.5F 105 L-- 130 0 110 134 PR 20 25 524 Elna Bright B R Johnson 5 9 8 K Fallon 95 7F 125 L 150 0 98 118 HU -10 10 10 501 Everymanforhimself (IRE) K A Ryan 6 9 10 N Callan 97 6.6F 108 L- 140 0 116 128 HU -10 10 492 Wigram's Turn (USA) A M Balding 5 9 3 J Fortune 90 7F 125 AW++ 120 0 96 127 SA -20 448 Carcinetto (IRE) P D Evans 8 9 2 R Hughes 89 6.6F 108 L- 140 0 ??? 65 AL 40 353 Kyllachy Star R A Fahey 4 9 3 P Hanagan 90 7F 125 L- 140 0 ??? 30 HU -10 20 10 315 Tourist D Shaw 5 9 3 J Quinn 90 6F 85 AW++ 120 0 ??? 20 SA -20 10 15 230 |
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Tax is good point.
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cricketjon 20 Mar 19:41
does anyone on here think that if they had 100,000 pounds they could make 10,000 a year on here if so how 1. out an out punting with good judgement /money management 2, trading scalping 3, concentrating on one sport meaning that some days of the yearr they are completely inactive but busy at others such as March IPL, June World Cup etc interested to hear your thoughts If you're scalping, you could make 10,000 a year from a 1000 bank quite easily (even from a 100 bank) and you wouldn't concentrate on one sport; why limit yourself? |
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old crumpy 20 Mar 21:30
small business now retired 1 only 2%win 98 lose 2 small is nice .3 if you what to be a full time pro thousands have tried it bookers waiting for you 4 look chelentam would you have won no you would have lost how much business start up forget it country gone tax mad too much state money to certain people who dont deserve it as abusiness with taxes you pay plus on top of that you make any money out the the business the company pays another 21% tax and petrol costd bank charges how can you employ people 28 days holiday pay country gone move on Impossible not to read this post in the style of REM's It's The End Of The World As We Know It. |
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i been there thought easy forget it now i enjoy itjust play to win 10 pound a day doing okey win 4000 a year think i get 2 000 min but every time i go for it opps so now never go for it enjoy brings confidence
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Forget it and dream on, Takes 20 years of learning and hard knocks before even the best can think about turning pro.
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bonus 12'' version SM
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hghoulash, I think I'm the same as you, betfair recently stated that I think it was like 2.5% of all betfair customers are in reasonable profit/made a living, and none of them are in the U.K. I suggest having a decent bank on here to make a part-time wage/min wage while doing something else
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age*
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