correction the p/l pic says its from yesterday but the dates say its 3 days.

Wow. Johns back in business.Be intereresting to see how he
goes now he seems to have a more workable bank.

If he won 50k the likelihood is he'd soon give it back and more purely down to the way he operates. At this moment he'll no doubt be feeling invincible but over the course of this weekend he'll be on the chase and it'll be down to pure luck if he's plus or potless again.

John still on the up.

+£188 this week.

tinca tinca, that £188 is the profit from the start of May so he's actually lost around £400 odd this week if we consider the other pnl's he put up from start of May were -£31, +£6, +£632.

Maybe his creative accounting convinces him he's still got it.

Mind you having said that he did make a £5 profit doing it.

The following post shows up on my Google Reader (I subscribe to his blog; better than following Eastenders IMO) as being posted about 9 hours ago.  When I clicked on the link to read it on his actual blog site (I wanted to see what comments people had made about it), it says that the post has now been removed.  So I thought I would copy and paste it here from my Google Reader so O'Dwyer's other fans can read it:

Finished
by John O'Dwyer

is a headline I hoped I wouldn't use. Nearly anyway. If I wrote the extent of how bad things really are on here it would shock a few people, and it has nothing to do with losing. I've not been losing recently, I've just not had the means to do anything about it for the time I need. There is big money to be made here as well. I've already won £350 mythical quid from predicting a new winner of the woman's French Open and Rafa as the winner of the men's, but what good is that?! When I did make the money I made 2 weeks back, I withdraw most and paid off various credit cards. I've been using an ultra small bank and seeing as this is my only form of income, it's an impossible task.

I've had a bad few months overall on Betfair and not been able to do what I did last year. I know a 1001% why. I'm using too small a bank size. My Betfair bank at the moment is £2.66 and it's not been higher than a tenner for about a week now, hence the small amount. I owe about 5k in total which again is not betting related. That £2.66 is the lot for me. I'm all sold out.

Wish me luck, and thanks.

I hope he has learnt a very useful lesson in humility and I wish him all the best for the future.

He's posted then removed them before, he removed one post where he was begging for money iirc.

To be honest it's probably the best thing that could happen to him, blowing the lot so he has to finally face up to his responsibilities. His approach was always had the feel of a man clinging onto a ledge and was bound to fail sooner or later. I know at the moment £5K in debts probably seems like hell to him but it's really **** all, they'll all be unsecured debts so there's little they can do in reality to get their money back. And the banks who've lent it to a dreamer on the dole probably deserve what they get.

It should be the making of him to realise the dreams over, for now at least, but somehow I imagine he'll still be blind to the truth.

Only lost £44 so far in June , looks like the dream is still alive

Based on many of his blog posts John is a strange character.  On the one hand he posts a link to a young terminally ill's person blog, and talks about how not moaning about something as 'trivial' as a hobby/job, yet there's always the inevitably boasts in his posts about how successful he was in the past, e.g. tipping taxi drivers £20 etc, and how he still has 'edges' etc.

In the grand scheme of things financially he isn't that badly off, £5000 debt isn't exactly a huge amount.  However, the problem is he seemingly hasn't got any way/isn't prepared to find another way of earning money other than betting.

And that's why I find his attempts at displaying 'humility' somewhat false, because at the end of the day it isn't just a hobby/job and can't be dismissed as "not really important", in John's position betting represents his life, both past, present and future, and with that comes all the associated issues to those around him, like his parents who must be extremely concerned about him and who presumably pay for his day to day existence.

At what point is John ever going to take a step back and look at his probable future ? - rather awful thing to say but is he just thinking "oh well, in the long run my parents will snuff it and then I'll get the inheritance ?".

And I don't mean to preach, I've been in a similar position, got into debt through over-spending and losing money betting during the good times, then went through two redundancies/months without work thus generating more debt, and then even when I found employment within afew months of staring we were all put on a 4 day working week etc.  As soon as the 4 day week started I realised I had to take stock and entered an IVA, which hasn't been 'fun', but 2 years into it I know that in 3 years time I'll be debt free (and have the 'pride' of knowing that I'll actually have paid off every penny that I owe) and I'll never make the same mistakes again.  I still feel stupid about my past, and often chastise myself about it...wonder if John will ever face up too ?.

Another post that O'Dwyer posted that shows up on my Google Reader (he posted it about 12 hours ago) but that he now appears to have deleted.  All quite sad really!

http://odwyer1980.blogspot.com/2011/06/this-time-last-year.html

This Time Last Year....
by John O'Dwyer

I'm finding it quite hard to look back at the moment, especially with Wimbledon around the corner. Had such a great time there last year, it's going to be quite hard to watch this year knowing how things have changed so negatively. This is a screen-shot from this time last year which totals £8,762.55 from the 11th March - 11 June 2010. There were consistent winning days, built from a solitary deposit of £500 in February 2010.

http://1.bp.blogspot.com/_tnR5W8Y3arE/TBHFRwweUjI/AAAAAAAAAkI/zKhFmMkyAEQ/s1600/3monttt.jpg

http://4.bp.blogspot.com/_tnR5W8Y3arE/TBHFlOrgqQI/AAAAAAAAAkQ/Ia1DJnZdtIE/s1600/3monnnnn.jpg

The frustrating thing is 'knowing' you can do this again, but using a bank size of 'nothing' it's going to be quite difficult, if not impossible! And to reiterate, I'm still 15k up since I started Betfair in 2007. I've just managed money poorly, over-spent and combined with a bad few months, this has left me more or less bankrupt and in debt. Big mistakes. I think the last time I had 1k in my Betfair account was March. Oh well, what's done is done! I'm 100% confident things will change for the better once I start using around 1k again, but when that is, I do not know.

For anyone wanting to visit Wimbledon btw - It's well worth doing! Much better than the US Open and probably the best sporting event I've been too, especially in the baking hot weather. Even if you can't get on Centre or Number 1 courts - the outside courts are just as good. A very good experience all in all.

http://2.bp.blogspot.com/-cCFkiBMQ2D4/Tfe6P3ixK7I/AAAAAAAAA7Q/3kcPdGeiMz8/s1600/nov.jpg

http://2.bp.blogspot.com/-vrvVR2RwvBI/Tfe6dTSbShI/AAAAAAAAA7Y/2MjGx6AHxPg/s1600/venus.jpg

http://3.bp.blogspot.com/-OWKFKPPKmQY/Tfe6xNbpXYI/AAAAAAAAA7g/oD2u_DnanlE/s1600/vera.jpg

http://1.bp.blogspot.com/-ECR1YaLT2rE/Tfe68br-O_I/AAAAAAAAA7o/wqlpP8BAdi4/s1600/hill.jpg

Read his blog before he took it down Da Daddy.I notice there was no P+L on it looks like John is bust.

The date on those picture...2005?

Thanks turtleshead.  Like other posters I wonder if John's blog is actually true - he says he lives with his parents, how many parents would stand around funding their 31 year old child's life, without ever giving him a seriously hard time about how he needed to get a job, a social life etc ? - Doesn't add up, it's not like John could hide the reality from them for all this time.

ty Stringer

'Full-time Betfair Trader/Gambler'

oh my god what is he doing with a twitter account 

Perhaps because back in 2007, when I posted on here much more than I do know (and under a different username) I and afew others were the ones who were telling John where his delusions of grandeur would lead him.  As we'd said before it's abit like a car crash, you turn away but curiosity makes you look again.  Beyond that I couldn't give a toss what happens to John, no sympathy whatsoever.

Like the removal from his latest blog of the suggestion of an IVA/DMP and John's "what's your email address so I can find out more" type response - no doubt John's lurking around on here and has read what I said about such a possibility yesterday.  Facing reality/a life not funded by Betfair is evidently something John cannot do.