how much would you be happy making per day?

Apparently the top 3% on here can make the equivalent of £41 pd.

the rest fail miserably.

The top 3% on here would not get out of bed for £41 a day.

similar to current job would do me

5k

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)

£437, or thereabouts

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  .

about £1000000

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

= £150 p/d
= £900 p/w
= £3600 p/m
= £36k p/y

No tax is bonus

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

stevie get ure suitcase packed for uni................this is no place to spend ure life

freddie im ready for uni mate, just would be nice to make few quid off here too though

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?

a small few

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..

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.

The Betfairy 06 Sep 10 18:08 

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.

....the one-eyed man is king.

DREAMERS


BETFAIR MAKE MONEY...YOU DO NOT


END OF THREAD R.I.P.

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 ?

mis click, dangerous thing on BF
[;)]

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

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

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.

It's debatable whether you could call this a 'job' by the way, as it's unearned income [;)]

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

ha nice coach,

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

never tried but just assumed it would be

Stevies , best to get your mortgage and loans in place before you ever go FT gambling [;)]

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
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.

coach, when im a millionaire i wont need it..

(im dreaming again )

Indeed Investor, makes full sense to rent at the minute .

Holland a curious choice Investor ? 

I'm currently averaging 0.0051% p.d. which is more than enough.

If I make less than £400/day, it's a disappointment. I'm happy if I make over £1000.

contrarian, are you being serious? you see less than 400 as disappointment?

stevies .... it's getting harder for me on here mate  .  I might need some of your millions when you get there

no problem coach 

ill give you 2 mil just to make sure..
you have to martin gale though, its the future

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.

wind up merchant, the ones making the serious money do not come on here telling others.

wind up merchant, the ones making the serious money do not come on here telling others

PMSL

Well he does have a point Contrarian.
Look at me. I make a fckin fortune but do you hear me telling anybody ?
There you go.

@Contrarian are you a trader or are you betting outright? just interested cheers

FAFH,

One of the reasons why I find his comment amusing is that he thinks £100k/year is 'serious money'. He's absolutely right that there are people making what I would call 'serious money', who would never bother posting on here. Unfortunately, I'm not one of them.

NealP,

It's all trading.

How much is serious money then Contrarian? A million pounds?

I'd be "happy" on Bob Diamonds salary - even after tax, it'd be about £12,000 a week...whether I can achieve it, is another story ;-)

Serious is £500k/year and up. Believe me, there are individuals making this sort of money on here.

What is the maximum you think someone is making on here per year? Several million?

Well there are several companies or groups who trade on here who I assume would be making that sort of figure. God knows who they manage it - partly, I suppose, by being willing to cover a massive range of markets.

honestly i think just a large bank to start off with is how you make serious money on here. take tennis for example the fav always seems to come in a few ticks and if you were only trading pre start should be very possible to make good long term profits

Neal,

The serious money is in-play and a large bank is neither necessary nor sufficient (most people given a large bank would just lose it very quickly).

contrarian in my limited experience of trading i fnd it very hard to price events in running however i would not argue that serious money is around inplay. do you trade based on the actual result like take a position first or do you just trade the prices?

Neal,

I build models that tell me that if, say, it's 0-0 with 55 mins to play and the price on the home team is X, then at 1-0 with 56 mins to play, the price is Y.

A large bank is probably more of a hindrance than benefit when trading Neal, you'll probably find for most traders it's more a case of turning over a large volume of markets, with an edge you can replicate, rather than making large amounts in few markets.

thanks for the replies Contrarian sorry cant chat more am working

i definately think trading is the way forward.. i learnt trading tennis last year  best thing i could have done

im sure ya did rob

you playing on horses today mate?

stevies i made another 700 after last speakin to uon verdasco and williams and made a few hundred on football and darts today 

Darts: £43.94 | Soccer: £144.66 | Tennis: £799.55 | Tote: |  Total P&L:  £988.15 

Soccer / Shimizu v FC Tokyo : Over/Under 2.5 goals 08-Sep-10 11:00  08-Sep-10 12:52  55.62
Soccer / Shimizu v FC Tokyo : Correct Score 08-Sep-10 11:00  08-Sep-10 12:51  89.04
Darts / Stompe v Whitlock : Match Odds 08-Sep-10 13:00  08-Sep-10 13:11  43.94

havin a great few days on my days off from work

ill be playin the horses shortly m8  few dutches in mind
 

Tennis Showing 1 - 2 of 2 markets

Market Start time Settled date Profit/loss (£)
Tennis / Ferrer v Verdasco : Match Odds 07-Sep-10 21:00  08-Sep-10 03:50  509.00
Tennis / Schiavone v V Williams : Match Odds 08-Sep-10 00:00  08-Sep-10 01:05  290.55

Well done Rob, what bank are you using these days? You've come on a bundle [;)]

i can't see how any one person or company could make that much on here  given the limited resources ... ie losing punters .

all very well having a huge bank ,but who is backing  with  these huge volumes out of value ?

i can't see how any one person or company could make that much on here  given the limited resources ... ie losing punters .

i think you underestimate the fast pic advantage

nice one rob mate, good profit that is

hello buzzer mate
cheeers
   
im keeeping my bank at 10k . i figured withdrawing and starting again was not very clever so i allowed it to build up.
i finally got over this all in marlarky (although i still try 100 pound even bets  once in a while)lol im focusing on watchin the games and betting  accodingly...  im still working full time but i work shifts so i am on my five days off (back tomorrow).. so all is well at the moment..
hows yaself

Horse Racing / Uttox 8th Sep : 2m Sell Hrd 08-Sep-10 14:55  08-Sep-10 15:04  24.38
Horse Racing / Epsm (RFC) 8th Sep : Reverse FC 08-Sep-10 14:45  08-Sep-10 14:51  -9.00
Horse Racing / Donc 8th Sep : 6f Cond Stks 08-Sep-10 14:35  08-Sep-10 14:41  25.88
Horse Racing / Uttox 8th Sep : 2m4f Nov Hrd 08-Sep-10 14:20  08-Sep-10 14:30  14.04
Horse Racing / Epsm 8th Sep : 6f Nursery 08-Sep-10 14:10  08-Sep-10 14:13  9.55
Horse Racing / Scots (RSA) 8th Sep : R4 1950m Plt 08-Sep-10 13:25  08-Sep-10 13:43  -6.90

so far today on horses buzzer few dutches and lays

Rob looks abit better after the last few

lol ano few more wins

I'm good thanks Rob, stay lucky

How much bank must contrarian have to make £100k/year? Millions? if your already rich then surely the only possible outcome is failure, if you were successful, contrarian, where would the benifit be taking into account that your already wealthy.

I'll take evens that contrarian's bank is less than £100k if you want to bet no moves?

If he had £1 million.  Then Id bet he would have a max of 100k on BF.

400K+ on property

100k on shares
and
200k on bonds.




Put simply,  If you can make money fast of BF  then you probably cam make money trading in shares (as a market marker).

Hi Invester,
Did you ever find out how safe it was to keeep big sums of money in your betfair account and what measures were taken by betfair to ensure safety of such amounts of money?.
regards

robs concerned about his £2.00

nomoves,

Investor is right of course.

It seems you don't understand how little money is actually required for trading purposes. I NEVER keep more than £15k in my BF account - there's just no need.

What kind of trading do you do? Buying and selling fruit and veg?

Back in the good old days I used to make 30-40K a year trading horses with a 500 pound bank. It was like having a money tree in the garden. And no one had even heard of bots back then, it was all done manually.

what do u do now pumkin?

I'm still on here fulltime. I guess I was lucky back 8-9 years ago. I had a part-time job mornings, lived in a bed sit and had the time to get betfair working. I also had no kids or mortgage. If it hadn't have worked after a year or two I could easily have gone back to mt career. What I will say, is that as soon as I had around 30K in the bank I gave my my parttime job, and started doing much worse, and ended up chasing losses. I lost 9K chasing losses in a day once when I was only making 1K a month. Trading had got harder with more competition and the pressure of having to make money meant didnt help at all. It nearly broke me. Luckily, a good friend had a bot. He was laying on the place market with a system he had. I had had enough foresight to buy a copy too and I managed to automate trading. It meant my profit rocketed as I could trade every horse in the race, every race and because I didn't have to be around I stopped chasing losses. Once I had the bot I soon expanded operations and started gambling, and yada yada yada, that's what im still doing.

where can i buy this bot?

whats the system?
is place laying the way to go?

I'd be extremely happy if I made on average £50 a day.

what is a bot?

freddie always on look out for new systems

Id be happy making 500k a day for a couple of weeks

i wouldnt mind that once a week tbh or year

i-only-lay or TheGoodBet would be embarrassed if they only made 500k a week.

wedged posting on the forum? shock haha

wedged how you been getting on mate?

Been in prison stevies

Ha, i've been here every day mate, you must be on the wrong threads!

put on 2 stone while he was there.....................they wouldnt let him out for a run or 5

ps lay Micky P 17:15 [smiley:crazy]

I knew someone who made about £300k in a few months. Unfortunately for him he lost it all - and more

tbh im just happy making anything........no targets .

Thanks for resurrecting this topic skip, a good read imo, thought provoking  for me.