General Betting
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20 Dec 11
04:10
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Surely an oxymoron ?
I know it has all been said and discussed before, but if you find gambling thrilling , you're doing it wrongly ? If you find it boring, you're doing it correctly ? Whatever you think, don't let it spoil you Xmas. Have a good one to all on here, both my admirers and detractors. ( Note I use the plural very hesitantly in relation to the former ). But however you gamble, just make sure you control it and not vice versa. Here endeth the lesson. Made the birds of paradise------. |
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I guess some may say the thrill in Professional gambling is in the winning as opposed to the actual process of winning assuming the term 'professional gambler' is defined by the majority as a way in which, it only entails betting strategies that only include mundane practices, such as the use of bots or betting in thousands upon thousands of markets weekly or arbing, cold trading etc, to be more precise the thrill would be watching your bank grow daily and substantially over time from a much smaller bank, setting yourself challenges and achieving them and finding new edges.
However, imo, you can be a Professional gambler without any aids and enjoy the thrill of the actual process of winning such as betting in play with the delayed bet process in Tennis for example - having good instincts/game knowledge in a sport like that/anticipating the projected odds movements and acting upon them locking in a profit - is a big thrill - assuming you consistently make a living - as a bare minimum - then you are deemed a Professional in my eyes. |
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I find that the more desensitised I become either to in game ebbs and flows or end game final results, the better, and dare I say it the more professionally, I feel that I am gambling.
If and when I ever get to the utopian state of truly feeling that, whatever the results, whatever the misfortunes or good fortunes that happen to me along the way, my system is prevailing irregardless, then I will have become a true pro. The act of winning will become a mere side factor, a mere by product of my edge and discipline. A mere measure of my success. There will be no thrill, just quiet satisfaction of doing something that most can't. But until then, I can but dream. At the moment, I confess that whilst I may not hang on like death waiting to hear the final whistle of each and every game I bet on, I do not wait around too long after a game has finished to find out what happened. If I'm somewhere I can't for some reason access any and all results real time if and when they are coming in, I'm like a bear with a sore head. |
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That's why I like horse racing, it's over relatively fast, normally find at least one bet a day and losers/winners aren't far apart. So many races turned over doesn't leave much room for crushing streaks.
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Winning is nice whether you win long term or not -no body wants to lose a bet ,even if it's inevitable along the way.
So yes, there should be a thrill in winning -it should be more than just a way to earn a living ,it should stir your soul - FAFH - you seem fairly well educated, what job do you do that is so poor that makes you want to become a pro ? |
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becoming a pro has disadvantages if you already have a healthy work background -
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I want to be pro but I think my best bet is remaining semi-pro until I have enough winnings to sustain me for a few years with a betting bank on top.
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I think Coach that it is perhaps a mistake to say that trying to gambling professionally is necessarily the same as meaning that you are trying to use gambling as your main, if not sole, means of earning a life sustaining income.
In my case, I'm not at all concerned about making a living, part or whole, out of it, I am just doing it as a hobby, but trying to do it in the manner of a pro. That is totally objectively and without " undue" emotion. |
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If you enjoy your job,it pays your bills then that's good - then you can gamble for fun ,lose some - win some.
Pro's have a different approach depending on their personality type . Some take high risks -seat of your pants stuff Some take a conservative approach ,easy does it (a bit like a routine office job really) Personally i prefer neither - i prefer medium risk and a bit of excitement - a losing week is common, but my aim is to make that back and more the following week . (i understand the nuts and bolts at making it alone- it's hard going) but i would advise anyone in a decent job to stay where they are - i had nothing to lose. |
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Yeah I prefer that approach Coach. I like to ramp up my stakes a little beyond normal sometimes and it does pay off more often than not because my strike rate is consistently good.
It's not even chasing, I just have boundries, and then an extra outer boundry for when I'm feeling a bit cocky/confident or the price is about to crash. |
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Coach
You're correlating risk with return. Which is fair enough. High risk = high return and so on. But to correlate risk with excitement/thrill, I'm not sure that has anything to do with being professional. An example in point maybe. I like senior bank executives to be professional risk takers, not high or medium thrill seekers, which they have turned out to be to the misfortune of the world in general. |
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Wicked Whisper
"---It's not even chasing.--- " I sincerely hope not, because that is definitely not professional, but is certainly potentially thrilling. The ultimate thrill perhaps. |
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Ha no, not a chaser though I have been in the past. Dangerous game, very dangerous.
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Agreed Wicked regarding the stakes.
FAFH- maybe not professional in the discipline sense- i'm not sure i even like the word professional really . We wouldn't call a Pilot a professional Pilot |
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Certainly not if he is a thrill seeker.
But then again, stunt pilots presumably have to be the ultimate professionals, I would have thought. As you say, perhaps the wrong adjective to use altogether. Of course nobody thankfully has brought up its use as in professional street walkers. |
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If you have an edge - It's a pretty straight forward choice between slow and steady (controlled variance but that may come with slower growth) or going for it (at risk of much higher variance but with the opportunity for much faster growth).
I instinctively go for the latter - which is great when it all goes to plan but then when it does go t1ts up, I have to revert to the former, until I am back on track and I find that a grind! I expect there are people (much cleverer than me!) that have established their optimal balance between the two - but I find that the prospect of maybe having to revert to grinding, keeps me on my toes. |
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Why do you instinctively go for the latter ?
Is that a strength or a weakness ? After all you could argue that the greatest value investor of all time, Warren Buffet, instinctively goes for the former. |
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Btw MGIA, a particularly merry Xmas to you.
I just wish you would reconsider you recent resolution to start smoking again in the near future. Not a very intelligent decision for someone as smart as you. |
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It's instinctive - so I can't explain it - DNA maybe. I am old school, so a risk taker at heart.
Is it a strength or a weakness? - That can only be answered with hindsight but long term - swings and roundabouts imo. When it all comes together it is a strength, when it doesn't, it's a weakness. The knowledge that you can revert to grinding it out is a reassuring safety net but I detest it and prefer to use it as a last resort. Nothing worse than waking up in the morning knowing that you are going to grind it out. I can't imagine waking up to that as a way of life. Nothing better than waking up in the morning knowing that you have earned the right to take some considered risks. I never smoked heavily but I always really enjoyed it - simple as that really. I don't drink, I exercise and I eat well, so if three smokes a day is going to kill me - so be it! Merry Christmas to you too. |
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It's just that it was a particularly gruesome end for Christopher Hitchens.
But no comparison I suppose really. After all he was reported as having even smoked whilst taking a shower. Btw interesting that you should describe being an old schooler, as being equivalent to a risk taker. I would have thought the opposite personally. But maybe you're just referring to old school sports bettors ( which mainly means horse racing punters I suppose). In other areas of life, earlier generations were much more risk averse. |
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Yeah - I don't even smoke between courses, whereas I think CH probably smoked between mouthfuls.
I meant old-school in that, yes, horses are my chosen poison and I even still read form books. There is still nothing more satisfying than picking out a couple of short ones that you don't think will act on the surface at Suuvval! BF has changed the game completely but you have to move with the times. I was on here from the outset, so whilst I always have been (and probably still am) one step behind some younger players, I think I have adapted ok. |
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i dont see how it's possible. also never seen proof
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What limiting yourself to 3 smokes a day ?
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TheManIsAGent 21 Dec 11 00:03
It's instinctive - so I can't explain it - DNA maybe. I am old school, so a risk taker at heart. ___________________ definately in our DNA if 10 folk drove to Bristol from London on an empty road we'd get their at different times -all driving at the speed we'd feel most comfortable with (taking into account unlikely risk of accident/economy/speed we prefer too travel at - Why put yourself outside YOUR comfort zone ? |
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Zero excitement on a result by result basis. Joy at continued long term profit and quality of life, wretched cold excepted.
The Hitch was a brilliant man and i was very sad at his (not unexpected) death. |
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Did you like that cutting phrase in one of his books "---England---the has-been country par excellence " ?.
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I'm pleasantly surprised for this random talk and admiration of Hitch :)
Gonna have to buy some Johnnie Walker Black Label and pay respects in style. |
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One of thr thrills is in knowing the potential outcome of your bet, but not knowing how to achieve it.
What I means is this (using tonight's Sours v Chelsea game as the example): Pre-match odds are now: Spurs 3.00 Chelsea 2.60 Draw 3.4 So if I have £1,000 in my bank now, I know that by placing the right bet it will have more than doubled within 90+ minutes. But I have three choices. So which to choose? That is the tantalising bit. Knowing I have a one in three chance of increasing my bank by at least £1,600 (before commission) if I were to back Chelsea. But, for me and I many others, it's the natural fear of making the wrong choice of three that will prevent me from placing this bet. There must be people out there, though, who go all in at times and thrill to their success. Their luck/judgement will eventually let them down and many would lose the lot as quickly as they won it, but if they happen to get lucky several times before that happens, it's possible for them to win life-changing amounts. It would be interesting to know how many have been brave/foolish/reckless (delete as appropriate) and got out while they were in front, or were content to continue building their bank in a more measured and smaller scale after having taken that initial bigger risk. |
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Plechy, they'd be better off playing roulette as the house only takes 2.7% rather than 5% + potential premium charge.
I think it's likely that anyone who goes down this road and takes initial big risks to get rich quick will have a high chance of returning to the same tactics at some point in the future and blowing the lot, or worse building up debt. |
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WW, the breakfast of champions
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WW, the breakfast of champions
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"That is the tantalising bit. Knowing I have a one in three chance of increasing my bank by at least £1,600 (before commission) if I were to back Chelsea."
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that isn't professional imo
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Quite right marky.
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without dismissing any of the above comments all from guys i respect on here i really can say i get no thrill. Just a job really.
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Trevh
Date Joined: 21 Jul 06 Add contact | Send message When: 22 Dec 11 20:25 Joined: Date Joined: 21 Jul 06 | Topic/replies: 1,355 | Blogger: Trevh's blog Plechy, they'd be better off playing roulette as the house only takes 2.7% rather than 5% + potential premium charge. I think it's likely that anyone who goes down this road and takes initial big risks to get rich quick will have a high chance of returning to the same tactics at some point in the future and blowing the lot, or worse building up debt. Someone on 5% commission would pay an average of 2.5% on turnover not 5%, so it is better than roulette. Someone betting for fun is not that likely to be confronted with PC. The best thing for a fun bettor to do to get a good deal on here, is place bets on multiple selections in a market, that will get the comm on turnover percentage down further, for instance, backing or laying multiple correct scores. |
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Not sure if I count as professional but the thrill is coming back from the pub and finding how much money the bot has made in my absence.
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i know i could never do it
 i see a loss as a bigger psychological burden than a potential win but i can say i dont hav the best of diets  |
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Well at least you know you're not an addict then xmoney X.
Because if and when you start getting as many, or even more, thrills out of losing as out of winning, then you've really got serious personal problems. Btw to all on here, I'm not talking about the thrill of winning. That's there for all, professional or other. I'm talking more about the thrill of gambling, in the sense of it being a generally exciting and glamorous way of making a living. |