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stevies5_mufc
06 Sep 10 11:50
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Date Joined: 27 Jan 09
| Topic/replies: 17,764 | Blogger: stevies5_mufc's blog
so general question, how much would you be happy to make per day off betfair as a fulltime job? Confused

just interested to see what people would regard as enough for full time income

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Replies: 93
By:
seaview
When: 06 Sep 10 12:12
Apparently the top 3% on here can make the equivalent of £41 pd.

the rest fail miserably.
By:
Borley
When: 06 Sep 10 12:14
The top 3% on here would not get out of bed for £41 a day.
By:
brendanuk1
When: 06 Sep 10 12:20
similar to current job would do me
By:
zipper
When: 06 Sep 10 12:30
5k
By:
fallenangel
When: 06 Sep 10 12:33
3% from a bank of 5k
= £150 p/d
= £900 p/w
= £3600 p/m
= £36k p/y (allowing for 10 months in the year...for a rest)
By:
Homer Jay Simspon
When: 06 Sep 10 12:42
£437, or thereabouts
By:
zipper
When: 06 Sep 10 12:44
Fallen    these  jokers  come on  here  from  time  to  time 
Here  are  the  numbers   if  if  your  very  good   15%  of turnover   and  you  should  do  OK    buts  whats   turnover    £900 ..  £900.000 .. £1millon   its  all   on  turnover   you  could  not  expect  to  make  a    living  betting  in   say  £20   quid  a  throw   Corner  shops  turnover   £600 k  a  year   and  they  struggle  .
By:
ijs
When: 06 Sep 10 12:50
about £1000000
By:
zipper
When: 06 Sep 10 13:00
IJS   about  a  million     thats  ok with  me . 
You  should  be   happy  with  say  £90  grand  a  year   profit .
And  90 grand  will put you  up  there  with the  Prime Mimister    and   hes  Running   The  Country  .. and  you  are  only  pissing  about  on Betfair
By:
brendanuk1
When: 06 Sep 10 13:35
= £150 p/d
= £900 p/w
= £3600 p/m
= £36k p/y


No tax is bonus Cool
By:
stevies5_mufc
When: 06 Sep 10 15:40
Laugh commission though

i not quite sure what i would be happy with,

100 a day would be amazing to make that amount, dont think i could though, not currently
By:
freddiewilliams
When: 06 Sep 10 15:42
stevie get ure suitcase packed for uni................this is no place to spend ure life
By:
stevies5_mufc
When: 06 Sep 10 16:34
freddie im ready for uni mate, just would be nice to make few quid off here too though
By:
The Betfairy
When: 06 Sep 10 17:08
How much do you expect to earn from work in a lifetime, after taxes.

For most people £1million would be the target for 45 years' work.

How many will earn that from gambling?
By:
modk
When: 06 Sep 10 17:22
a small few
By:
MIB34
When: 06 Sep 10 21:06
The mean income was £22,800 per year with the average Briton paying £4060 in income tax.

range number of taxpayers (thousands)
£4745 to £6000      1,440
£6000 to £7000      1,160
£7000 to £8000      1,590
£8000 to 10,000     2,950
£10,000 to £12,000  2,760
£12,000 to £15,000  3,650
£15,000 to £20,000  4,950
£20,000 to £30,000  6,000
£30,000 to £50,000  4,090
£50,000 to £70,000  859
£70,000 to £100,000 410
£100,000 to £200,000 300
£200,000 to £500,000 89
£500,000 to £1Million 16
Over £1Million 6



Then  adjust  for Age   and  Location...
If  your  under 25  you earn much less    over  50   much more..
Also  don't  forget  the  North/south   split..
By:
RitzyDelandro
When: 07 Sep 10 04:24
I have averaged just over 4k profit p.a. here over the last 4 years which is a crap daily total (around 11 quid a day) but pays for a couple of nice trips away each year. I think it is very difficult to do this as a job full time. It must be emotionally difficult.
By:
RonaldinhoRAT
When: 07 Sep 10 08:26
The Betfairy 06 Sep 10 18:08 

Confused
By:
FINE AS FROG HAIR
When: 07 Sep 10 08:45
If you're betting in the manner where you are continually making subjective, emotion driven, border line decisions, then it would be nigh on impossible to keep going for very long.
Unless you can systemize your betting to the level where the decisions on what and how much to bet are virtually decided for you, then just do it all for fun and don't expect or even try to make a living out of it.
Basically if you cannot find a true mathematical edge of some form or manner, then you will not and can not win long term.
By:
The Betfairy
When: 07 Sep 10 08:55
....the one-eyed man is king.
By:
PIP99
When: 07 Sep 10 08:57
DREAMERS


BETFAIR MAKE MONEY...YOU DO NOT


END OF THREAD R.I.P.
By:
FINE AS FROG HAIR
When: 07 Sep 10 09:23
Come on Pip show a little bit of positivity.
Just because you can't win, doesn't necessarily mean that nobody can.
Or does it ?
By:
RonaldinhoRAT
When: 07 Sep 10 09:41
mis click, dangerous thing on BF
[;)]
By:
Coachbuster
When: 07 Sep 10 10:24
i think its all down to how much you enjoy betting .

if you can scrape by on 200-250 a week and have a modest living ,then thats fine as youre in a job you love .

if you find betting a chore ,then 400 wouldnt be enough if you could otherwise earn 500 .

if youre 18 and can make it pay to the tune of 200 pw and live with the 'rents then you must be the envy of all your mates
By:
stevies5_mufc
When: 07 Sep 10 13:26
i see what you mean coach..

i would like to be able to make 1.5k a month probably (Currently) but would hope to make more than that in the future as money becomes more necessary when renting housing or buying etc

shame i currently cant make 1.5k a month Laugh
By:
The Investor
When: 07 Sep 10 14:25
how much would you be happy to make per day off betfair as a fulltime job?

More and more.
I enjoy doing this, but I think it would get a little boring if there was no scope for improvement.
If I was making £100 a day or £1000 a day, I would still find other things to do alongside it if there was no way to improve upon that.

Improve your skills, learn, do something you enjoy and where there are opportunities, financial rewards are a natural consequence.
By:
The Investor
When: 07 Sep 10 14:26
It's debatable whether you could call this a 'job' by the way, as it's unearned income [;)]
By:
Coachbuster
When: 07 Sep 10 14:56
Investor , i always think that its good to have outside hobbies which don't always involve making money etc .

Yesterday i was at the windswept  beach taking some nice photos etc  .... nice to have a break away Cool
By:
stevies5_mufc
When: 07 Sep 10 16:54
ha nice coach,

investor, surely it leads it to be difficult to get finance from banks etc if this is your only income? Confused

never tried but just assumed it would be
By:
Coachbuster
When: 07 Sep 10 17:00
Stevies , best to get your mortgage and loans in place before you ever go FT gambling [;)]
By:
The Investor
When: 07 Sep 10 17:15
Good advice coach, especially now that self-cert is gone.

I got a mortgage in 2007 when I was still employed. It's on a house in Holland that I rent out. Get a tiny rental income after mortgage and costs, but more importantly I can slowly build up equity. I was able to get it financed to the tune of 120% of value, which probably won't be possible again in our lifetimes Laugh
I live in London and rent an apartment from a friend (even renting can be tricky without a job).

It's not too much of a handicap though. For me tying up my own money in property, only makes sense if you are already quite wealthy. The yields on property in nice parts of London is very low, so it usually makes sense to rent, or invest in something with a higher yield.
By:
stevies5_mufc
When: 07 Sep 10 17:16
coach, when im a millionaire i wont need it.. Laugh

(im dreaming again Cry )
By:
Coachbuster
When: 07 Sep 10 18:59
Indeed Investor, makes full sense to rent at the minute .

Holland a curious choice Investor ?  Confused
By:
kohaku
When: 07 Sep 10 20:06
I'm currently averaging 0.0051% p.d. which is more than enough.
By:
Contrarian
When: 07 Sep 10 21:01
If I make less than £400/day, it's a disappointment. I'm happy if I make over £1000.
By:
stevies5_mufc
When: 07 Sep 10 21:06
contrarian, are you being serious? you see less than 400 as disappointment? Laugh
By:
Coachbuster
When: 07 Sep 10 21:07
stevies .... it's getting harder for me on here mate  .  I might need some of your millions when you get there
Laugh
By:
stevies5_mufc
When: 07 Sep 10 21:12
no problem coach  Laugh

ill give you 2 mil just to make sure..
you have to martin gale though, its the future Laugh
By:
Contrarian
When: 08 Sep 10 08:15
stevies5_mufc,

Yes I'm serious. I do this full-time, and if I'm earning less than the equivalent of about £100k/year, I might as well be doing something else.
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