General Betting
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06 Sep 10
12:50
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Date Joined:
27 Jan 09
so general question, how much would you be happy to make per day off betfair as a fulltime job? 
just interested to see what people would regard as enough for full time income
just interested to see what people would regard as enough for full time income
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Apparently the top 3% on here can make the equivalent of £41 pd.
the rest fail miserably. |
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The top 3% on here would not get out of bed for £41 a day.
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similar to current job would do me
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5k
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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) |
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£437, or thereabouts
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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 . |
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about £1000000
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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 |
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= £150 p/d
= £900 p/w = £3600 p/m = £36k p/y No tax is bonus  |
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 commission thoughi 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 |
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stevie get ure suitcase packed for uni................this is no place to spend ure life
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freddie im ready for uni mate, just would be nice to make few quid off here too though
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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? |
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a small few
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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.. |
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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.
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The Betfairy 06 Sep 10 18:08
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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. |
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....the one-eyed man is king.
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DREAMERS
BETFAIR MAKE MONEY...YOU DO NOT END OF THREAD R.I.P. |
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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 ? |
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mis click, dangerous thing on BF
[;)] |
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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 |
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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 |
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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. |
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It's debatable whether you could call this a 'job' by the way, as it's unearned income [;)]
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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 |
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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 |
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Stevies , best to get your mortgage and loans in place before you ever go FT gambling [;)]
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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. |
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coach, when im a millionaire i wont need it..
(im dreaming again  ) |
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Indeed Investor, makes full sense to rent at the minute .
Holland a curious choice Investor ? |
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I'm currently averaging 0.0051% p.d. which is more than enough.
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If I make less than £400/day, it's a disappointment. I'm happy if I make over £1000.
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contrarian, are you being serious? you see less than 400 as disappointment?
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stevies .... it's getting harder for me on here mate . I might need some of your millions when you get there
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no problem coach
ill give you 2 mil just to make sure.. you have to martin gale though, its the future |
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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. |