General Betting
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02 Nov 15
00:05
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Date Joined:
10 Apr 08
For the first time in my life I've managed to work my way upto a £10,000 betting fund. I've been betting/trading for 8 years of my life now and I have recorded almost all of the transactions I've ever made. Yet it would take me an age to go through them all, there's at least two hundred thousand different bets/trades there, all sorts of different systems and methods. The turnover on all those bets is a massive figure and if I even had a small edge I should be up considerably up by now
But the thing is after all that time, all those bets, I have more or less at the break-even point now and this £10,000 I sit on I would have had anyway had I not bet a single penny. But they say that's the first achievement don't they? getting to the point where I'm breaking even?
I've had a really good October and it had me thinking that maybe just maybe I could one day do this full-time. My question is a £10k betting fund enough to start with and earn a serious wage? I do know a number of fairly "low-risk" methods which I think could earn me an easy £100-£150 week without much fuss as long as I stick to the plan.
Maybe I don't take it too seriously though and I am guilty of losing my discipline at times. The fact is numerous times I've been back to around the £1,000 mark and I build myself up again, go down again, build myself up again. Then the same happened around the £5,000, where I've found myself this last year. But as I said the good October (especially yesterday) got me having dizzy daydreams about taking it more serious.
It all started out as fun but the hours I've put in is jus tplain silly. So what I'm wondering now is this just the upside of the luck curve? and maybe I should get out whilst I have the money there or should I continue with the adventure and try and make a living from doing so.
By the way I recently quit my job and I don't really feel like appyling for anything at the minute because I look at the wage and think, I could easily earn that betting if I put my mind to it.
So I'm not sure what I'm asking exactly, I'm at cross-roads really, anyone with similiar stories? what did you do? and any advice on what to do with a £10k fund, ideas outside gambling/trading also welcome?
But the thing is after all that time, all those bets, I have more or less at the break-even point now and this £10,000 I sit on I would have had anyway had I not bet a single penny. But they say that's the first achievement don't they? getting to the point where I'm breaking even?
I've had a really good October and it had me thinking that maybe just maybe I could one day do this full-time. My question is a £10k betting fund enough to start with and earn a serious wage? I do know a number of fairly "low-risk" methods which I think could earn me an easy £100-£150 week without much fuss as long as I stick to the plan.
Maybe I don't take it too seriously though and I am guilty of losing my discipline at times. The fact is numerous times I've been back to around the £1,000 mark and I build myself up again, go down again, build myself up again. Then the same happened around the £5,000, where I've found myself this last year. But as I said the good October (especially yesterday) got me having dizzy daydreams about taking it more serious.
It all started out as fun but the hours I've put in is jus tplain silly. So what I'm wondering now is this just the upside of the luck curve? and maybe I should get out whilst I have the money there or should I continue with the adventure and try and make a living from doing so.
By the way I recently quit my job and I don't really feel like appyling for anything at the minute because I look at the wage and think, I could easily earn that betting if I put my mind to it.
So I'm not sure what I'm asking exactly, I'm at cross-roads really, anyone with similiar stories? what did you do? and any advice on what to do with a £10k fund, ideas outside gambling/trading also welcome?
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Replies: 39
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Keep doing whatever made you the last 9k.
It sounds like you do have winning edges, but you lose by punting where you don't have an edge. My advice is keep as a hobby. With the PC, there would be hardly any real professionals left on here, and probably none that don't use bots. And I speak as a long term, PC paying winner. |
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FITST GET A CASH ISA TAX FREE
SECOND LEARN ARBITRAGE TRADING IM GOD I HAD TWO |
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My question is a £10k betting fund enough to start with and earn a serious wage?
What's a serious wage? There's been a fair few threads on this over the years; I'll try to bump one. |
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LITTLE ACORNS GROW OAK TREES I CAN HELP SEND ME YOUR EMAIL IF YOUR WILLING TO PUT THE HOURS IN AND LEARN GETTING RICH QUICK AINT EASY I CAM GET YOU THERE I AM DAVID
I DONT WORK APART FROM HOME BETTING YOU CAN UP TO YOU |
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im a pro pxb and i dont use a bot i use sports arbitrage
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And how much do you make a year?
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15k/20k approx
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Of those 200k bets/trades made to date, try breaking it down by sport/market, to see which methods are giving the best returns so allowing you to narrow it down a bit so you can use your time more efficiently looking further into those area.
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How anyone can say they are betting full time making 15/20k a year it's barely a living wage..
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How anyone can say they are betting full time making 15/20k a year it's barely a living wage..
One man's loose change is another man's fortune. Not everyone needs fancy cars and electronic goods and a big house with a swimming pool. |
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TO CLARIFY ABOVE COMMENTS IM HAPPY TO WIN ARNT WE ALL?
I RETIRED AT 35 AND HAVE SAVINGS AND PENSIONS AND A FINANCIAL ADVISOR ITS MY PASTIME MAKING MONEY SITTING ON MY ASS I SPECIALISE IN TV REALITY PROGRAMMES AND SUB MARKETS MAIN MARKETS ARE USELESS DUE TO THE MARKET OVER ROUND TO WIN YOU MUST HAVE AN EDGE I HAVE HAD MANY ACCOUNTS CLOSED WITH THE BOOKIES CLOSING MY ACCOUNTS ...REASONS..... NOT ECONOMICAL FOR THEM   OR THEY KNOW I ALWAYS TAKE BEST PRICE OR THEY KNOW I ARB I GET ROUND THIS BY CREATING A NEW IDENTITY WHEN THERE IS NO BET I PLAY POKER HOPE ABOVE HELPS |
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PS I KNOW MANY FOLK WHO WOULD DIE TO MAKE 15K/20K PER ANNUM AND SO DO YOU
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none of what you said has helped but at least you got to tell yourself how brilliant you are
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Andriy 04 Nov 15 11:53 Joined: 22 Jun 10 | Topic/replies: 715 | Blogger: Andriy's blog
Of those 200k bets/trades made to date, try breaking it down by sport/market, to see which methods are giving the best returns so allowing you to narrow it down a bit so you can use your time more efficiently looking further into those area. ^ This. But I'd put it more strongly. Narrow it down to only the things that are very obviously winning. Do only that, and see if you can profit in a super consistent way. Only then consider going full-time. |
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I AM FULL TIME I BET ON THE FOLLOWING MARKETS AND ALWAYS WIN CONSISTANTLY DUE TO THE MATHS
STRICTLY COME DANCING EVICTION EX FACTOR EVICTION OR BOTTOM TWO BIG BROTHER CELEBRITY BIG BROTHER IM A CELEBRITY GMOH EVICTION SOMETIMES OUTRIGHT DEPENDS ON ODDS EUROVISION SONG CONTEST MISS WORLD BOTTOM OF GROUP N EUROS AND WORLD CUP IE ENGLAND SPORTS PERSONALITY OF YEAR ETC ETC |
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PS THE CONSISTENT WINNINGS TOP UP MY CONSIDERABLE SAVINGS FOR SITTING ON MY ASS
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I hope your donkey is properly looked after and that you get his toenails cut regularly?
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"PS THE CONSISTENT WINNINGS TOP UP MY CONSIDERABLE SAVINGS FOR SITTING ON MY ASS"
Some of the markets you mention don't seem to have much liquidity on here E.g. eliminations on the dancing. |
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no moves exactly high over round i lay **** odds in running i avoid 102 per cent markets i like laying 130 per cent overound markets
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Thanks for all the replies everyone.
Like I've never really been interested in making mega-bucks I was working a pretty boring 9-5 admin job that paid minimum wage so I was only taking home around £270 a week. Anything in the £250-£300 per week region is comfortable for me, more would obvioulsy be nice. If I could do £20,000 a year I'd be happy with that. Premium charge isn't an issue for me at the moment since I'm down considerably on here over the time mentioned but up the bookmakers. |
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You are probably on the upside of the luck curve. If you have no discipline you have no chance of doing this full time. If you have gone from 10k to 1k and back up again it also sounds like you are just getting lucky chasing more than anything. No serious punter loses 90% of their bankroll.
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Well first out vis he wasn't a serious punter when he lost 90% of his bankroll. Also he can learn from his experiences and there is nothing to say he can't instill some bankroll management. Only he knows whether he has them traits but there is no reason he can't turn that aspect aroung
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Yes fair point. Discipline will definitely be the key.
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I WISH ALL THE BEST BUT I FEAR THE WORST IF HE HAS LOST 90 PER CENT OF HIS BANK ROLL. LEARN TO ARB MY FRIEND AND ALWAYS WIN ALTHOUGH RETURNS WONT BE LARGE BUT CONSTANT WINNING.
GOOD LUCK WHATEVER YOU DO. |
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draw it out and have a really nice holiday!
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myself included, i know people who make money betting on greyhounds.
betting on here, but the real value lies in the early prices with bet365. on a normal 14 race graded card, they will make at least four ricks, thats where u get your money |
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lets have a list of posters that use caps lock.
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Is this the Twilight Zone?????.
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I went pro in August with a 15k bank and I'm enjoying it, its a massive decision really dependent on your circumstances. I lost a contract and was self employed anyway so it kind of made my mind up. I've doing quite well, making steady profits but overall I reckon I earn less than I did when working full time and just punting on the side. But lifestyle is much better. My nagging fear is that that something will change re betfair or I lose my edge but I'll try and enjoy it while it lasts.
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I went pro in August with a 15k bank and I'm enjoying it, its a massive decision really dependent on your circumstances. I lost a contract and was self employed anyway so it kind of made my mind up. I've doing quite well, making steady profits but overall I reckon I earn less than I did when working full time and just punting on the side. But lifestyle is much better. My nagging fear is that that something will change re betfair or I lose my edge but I'll try and enjoy it while it lasts.
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good luck trigger
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To the OP - if you think you can quite easily make 5-8k a year with the 10k bank (100-150 per week) then you definitely have an edge & by the end of year 1 you'd have 15-18k then you need to ask yourself whether what you are doing is scaleable. If so then in a few years of compounding (or increased bank at least) you'd be doing pretty well.
I think the bigger question is how much time is this taking and whether you enjoy it and feel its worthwhile use of your time. Making 25k tax free on here for 100 hours a week sitting in front of a screen for example may not be worth your time/health/relationships. Only you know what you have to put in to achieve your results. |
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My nagging fear is that that something will change re betfair or I lose my edge but I'll try and enjoy it while it lasts
Very true. Nothing lasts forever, especially in this game. All edges have a life span so milk it while you can. On the up side there are always new opportunities out there its just a case of finding them. Constant evolution is the key to survival. |
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In racing there are some edges that will last forever . The markets wont necessarily adjust in order to stop a certain type of horse from being underbet .
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Am i missing something here or have you been betting/trading for the last 8 years and you are now at break even and your 10k betting bank is something you have built up through other means ?
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letsalldance: I've been a pro since 2009, before that I was an online bookie... 10k is a decent bankroll if you know how to use it. Shoot me an email if you wish, it might take me a while to get back to you but I might have something of interest: martin.svitel@gmail.com
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Letsalldance. Would like to hear which low risk bets you like, perhaps you could tell us which sport you trade in?
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it's not about how much a Pro makes NOW but how much he has made in the past from gambling .
If he owns a house outright for example or has a lump some being invested in other areas that has to be added to his 'today income' So in 2016 ,a pro gambler making 'peanuts' may well be making much more than his counterpart working every day paying off his mortgage . Just a thought  |
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it's weird how folk think pro gamblers are driving Ferraris ,own a house with a swimming pool and spend all summer in the south of France
 Too many Bond movies  |