Been betting 40 years still yearly profits but takes a lot of time and always wondered if my skill could be applied to other investments i gave up raceform interactive after 15 years couple of months ago was a superform man before that as i now only do saturdays big meetings because its near impossible doing all the meetings unless your really in to it full time, im on irishracing.com lots of stuff on there that horse racing forum told me was good and it is, spending lots of less time on the horses and i found crypto joined forums on reddit and studied using the same skills as the horses research spent months and im finding it very exiting and the same ups and downs of winning and losing but a lot more profitable than horses.
Bought bitcoin and sold at a great profit but realized if you buy now at 32k to double it has to go to 64k, so bought others buying and selling not all at a profit but most profit.
i found a coin at 1p-2p went to 3p sold then struggled to get back in but did at 3p then realized this is the one gone all in and went to 6p after recent crash now 4p but every increase of 3p i double my money and you could stake it at around 4% interest
its gambling its risky but last week when hit the high of 6p like winning on the horses as it goes ever higher standing me a large profit thousands not hundreds but with the crash now 4p should i have sold thoughts but confident will hit 20-30p by end of year and end up in a few years at a £1 imo so its a big price winning coin im after
use the reddit forums everyday and do research on you tube and the like, i like gemini.com its fca on there website in the uk but crypto not regulated, and you can pay using a debit card or transfer its a easy push button to buy or sell and you can research on there, you can buy £10 worth of bitcoin, its a very profitable hobby and crypto will disrupt the banking system imo hold on to your hat

And you [could] just hit the big one.
Why not?

Gambling is a basterd but our busterd

That depends if you enjoy it, tinky.

I'd play if I was making a few quid. I'd stop if I was losing.

If I broke even? Not sure...I'd probably see it as a reason to invest a bit more effort.

A bit of plain speaking at the end - hope you're not offended.
You've tried every angle but can't find an edge eh. I'm in Australia, been pro since 2003, and know quite a few that make good money via betting. The winners I know fall into two categories. (1) Horse Racing winners - they do hours and hours of form, speed maps etc but at the core are just good judges. They have their losing runs, but never chase. They only look at the yearly result - not monthly and certainly not daily. They frame 90% markets based on all their work and observations and bet accordingly within that 90% framework.
(2) Sports Winners. They specialise and keep huge statistical databases and generally specialise on one sport. Never emotional and support no team or player. 'Emotion guaranteed to turn you into a long term loser' one told me years ago. Only bet when the stats/odds tell them to.
There's many other types of winners obviously, especially the maths/algorhythm geniuses and automated players, but I'm old school and these are the people I know.
That's the sort of bettor you're often competing against. Very hard to beat.
Give it away mate. There's no dishonour. Most try but fail in the end.

You would have done better to have invested the money into your pension fund. Gambling should always be done only with money that you can not only afford to lose, but EASILY afford to lose! I have probably wasted as much money as you, but in my case not gambling but buying stuff that I liked but did not need and could not sell easily when I got tired of it. That's life. I'm 54 and have been interested in betting since 1990 but never found that 'holy grail' - I don't believe there is one. The only people who make money (except the bookmakers) are the cheats with inside information - there is no system that works, not one. You can probably scrape a quid a day in profits by backing Man City and Man Utd to win every time at ridiculously poor odds but it's not worth the risk. This is the real problem in gambling - the odds. Anything worth backing has absolutely sh*t odds so you end up making very risky bets in order to get a decent return, but then you usually lose. This is why bookmakers make money. They suck hope from gamblers, like leeches suck blood.

*do the homework*

"Premium Bonds are worth a look. The dividend on them has been cut quite dramatically recently but they are safe, you can cash them in quickly and all winnings are tax free"

I bought £30k's worth a week ago.  Will likely top up to the max at the end of this month.  Buy them at the end of the month if you do as the monthly draw is at the beginning of the month and it takes a month for them to be in the draw.  Return is 1% but most cash savings get zero interest atm.

If you've got the money and your circumstances permit.  I'd look at airbnb as an investment.

What goes up, must come down (minus commission).

I understand that markets don't go up every day.

"20% interest on staked Kava right now..pad twice a week plus those rewards go up or down with the price...as crypto is on the up...bingo
DOT is 12%.
"

Otherwise known as a Ponzi scheme

"20% interest on staked Kava right now..pad twice a week plus those rewards go up or down with the price...as crypto is on the up...bingo
DOT is 12%.
"

https://coinmarketcap.com/currencies/kava/
.

Wonder if he has considered Premium Bonds?

they will all rise soon as yesterday was people who leveraged the rise and got liquidated.

i personally would like another 10-20% shaved off so i can get the rest of my bank on at decent prices.

no im still holding the same amount.
the value dropped the other day by around 25%...it is now recovering as are many other alts.

this is normal.
you gotta take advantage of dips to get in.

Irrespective of your aftertiming posts you are standing on a Betfair post crypto loss as things stand

i and many took time to research crypto...yes it is volatile.
Not as volatile as betting ...i know from experience with the peaks n troughs of winning and losing runs.

I gave up a few years ago because of business and even though im ready to jump back in , i think its best to wait for a few years because crypto replacing the current money system is a once in a lifetime event where people can make money from.

why tie up funds in betting when they can gain from crypto?
makes zero sense.
why tie fund up in shares when the short term outlook due to brexit kicking in looks dodgy as....same goes for property...

The price Jockey bought his Kava shares at is irrelevant.

After reading this thread, I thought I would do a forum search for the earliest mention of Bitcoin.

I found the following thread posted in July 2010!!!!!

https://community.betfair.com/chit_chat/go/thread/view/94038/25453257/bitcoin?post_id=536541623#536541623*

At the time the Bitcoin price was $0.08 - it is now in the region of $46,000 giving a return of approx 57,500,000%

A £1000 investment would now be worth half a billion pounds (I know it would be impossible to hold the investment for that long but it's just a bit of fun)

I hope Psychic Muttley is relaxing on his own Carribean island!