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******** BETTING FOR A LIVING ********
******** BETTING FOR A LIVING ********
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RothmanMike....if you bet £1k per race and you try to make £33 per day, what happens when you lose a £1k stake....it takes a month to recover from? If you are just laying outsiders, there have been a fair few outsiders win the last month!
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I agree,but to be able to lay in the main at value prices,I believe requires,putting the price up in running as pre race prices are too high, but if you have the homework done then it is a lucrative business.
Absolutely GH. But your key comment there is 'value prices'. Whether you back or lay, operate in-running, at morning prices or at ante-post prices, obtaining value is the only thing that matters. If you can lay in running at value prices you will not fail to make money. It is mathematically certain. It's just the dogma that you 'have to lay' or 'have to back' or 'have to bet in running' etc that is nonsensical. Do whatever suits you best. But unless you obtain a better price than the likelihood of that event occurring you will fail. That's mathematically certain too! |
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I see this thread is STILL going and several have found it interesting. No one has yet mentioned BetFairs own figures, admitedly several years old, that just over 1% of BetFair users make over £15k a year.
SO it is is likely that just under 99% of users make much less than a living wage. I know that not all users are trying to make a living on hear.Believe me, if anyone, and I know there are very few but they do exist,knows how ITCANBEDONE. they are not going to tell anonymous posters on a gambolling forum HOWITCANBEDONE! Also true professionals are too busy to post on gambolling forums. DO NOT DELUDE YOURSELVES! Think logically! If form, ratings or statistics worked we would all be winners and their would be no one to take our bets. Ask yourselves, why is it that so few win. If those who write in the racing journals were any good, they would not be cooped up at a computer in a stuffy office, they wood of maid their pile and have retired to the Bahamas, spending there days relaxing by a swimming pool being served Pina Coladas by young dusky maidens. Even those with info don't always get it right. Look at how many "gambols" go astray. To quote from my book "The Sayings of Dr Slicer", which is available at all not very good bookshops nowhere in the country, "There are lies, damn lies, statistics, and then there is form!" Now for those novices who think they can beat the sharks on hear, and all the deluded who have convinced themselves that THEYCANDOIT here is a song I have requested for you. www.youtube.com/watch?v=hnzHtm1jhL4 Asta Banana Dr Aristotle Slicer |
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By the way, as I regard the above posting as being for the public good, I am waiving my normal posting fee. That's the sort of generous philanthropist I am!
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Can we use the above as a spelling test for the under 5's,
 Dr Slicer? |
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Although I have many degrees and am highly edumacated, I was no good at spelling cos I am illegitimate.
I hope this clarifies the matter. Off for tiffin now before I consult the horoscope of every hoarse racing today so that I can plaice high steaks in order to make a big prophet. Back in time for the Royal procession. God Bless Her Majesty. |
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Well it is a fact that systems in their pure form don't work in the long run,and bookmakers in the past were willing to accommodate punters with their system bets.
However systematic betting can be successful. Dr Aristotle your image of young dusky maidens,could be the inspiration for many aspiring professional punters. |
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Betlarge, that assumes every horse is layed in each race, but of course this is not so.
In fact only the front 4 or 5 are layed, and rarely are the rags bet - on here you can lay whatever you wish, and I lay the rags. This is where a degree of knowledge comes in. Knowledge of tracks, trainers, owners,jockeys, draws, going, distances, etc . Betting patterns, trainer-jockey associations, C&D horses. etc. So many other criteria built up over the "apprenticeship" of 40 years - no substitute for experience unfortunately. |
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Blades, I try to cruise to my min target but continue to watch every race with a view to increasing a daily return -usually 10-15 lays per day.
When I have big loss (and £1000 is very rare, usually £400-ish), I then re-calculate the requirement for the rest of the month to acheive the target. I also then increase lays to 30 lays in the day. PS I start in the morning with South African an go through to US racing, and even Australian if necessary. In between there are dogs, football, tennis,rugby, etc so at lease 100 opportunities per day. So alot of extra effort has to go in to retrieve the situation, but must not go "on tilt" under any circumstances. Expext losses 'cos they're gonna happen, its how you deal with them that costs most people their money. |
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Zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz.
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Red Hiney Monkey • June 21, 2012 12:34 PM BST
There is no definitive method. You find what works FOR YOU. could not agree more red, I bet in big field handicaps between march and last day of the flat. |
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Anyone considering betting full-time has to ask themselves w/ they want to do w/ their lives in the most global sense.
What do you want yr relationships to be like? Yr work-life balance? Ye retirement? Do you enjoy betting enough to want to be staring at a screen all day when what you're betting on doesn't excite you? People who can make a living betting can almost certainly make money doing something else. Even someone smart who did badly at school can over a 5yr period get themselves educated and put themselves in line for a 40k or so job. Personally I make roughly 40% of my normal salary per hour betting and take days off (I'm self-employed) when I'm passionate about the day's racing. I doubt my relationships wd have lasted if I did this full-time; I'd see friends less often and know fewer interesting clients, esp. from East Asia. If you're determined, winning is not insuperably difficult, but riding out the swings and winning enough w/out becoming a slave to it are. |
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Zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz
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wake up deadbrain or your miss today's racing
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Thanks for the reply RothmanMike.
Must be tempting with such a sizable bank to get involved more often especially if your daily return is 0.33? Or have you learnt form bitter experience? |
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RothmanMike, I think we both have a similar strategy, except, I stick to UK racing and top cricket/footie only, so I have limited opportunities.
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*0.33%
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i think astology is good value in the 3.05 at ascot
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* Astrology *
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Wow- you are sticking your neck out with that one.
Good luck! |
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Oh dear!!!!
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it lost we move on,no drama
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when did this turn into a tipping thread
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The contribution is valuable in that it shows that even backing an odds on fave which has been heavily backed is not the way to Bet for A living.
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You have to be very lucy to be a pro.
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And the more work I put into it, the luckier I get.
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How many horses in one day go odds on in running but do not win?
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ttt
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soba
22 Jun 12 15:36 You have to be very lucy to be a pro. hello soba no need be very lucky to be pro nowing true odds is must to get value be careful with monie is also best luck me pts show loss june  nest month me win for shure  |
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The duration of this thread is enuff time for all to realise ITCANTBEDONE!
I hope this is of assistance. |
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ttt
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roberto likes to win and for the new year 2 combined is over 350 pts in profit for the year 2012
£100 per point £35,000 both are doing this on a part time basis. |
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Part time since 2003, Full time since 2007. Patience and discipline required in abundance VB, don't need a partcularly big float (I was playing with £20,000 when I first started but find half that is sufficient these days due to weaker markets) but do need to be very astute with it.
Tell your mate that it can be done but in all honesty the best days for what I do are long gone and won't be coming back in a hurry. I've had to adapt to the changing environment we now find ourselves in. Did I do the right thing in 2007? Yes. Would I do it now? Probably not. |
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did you punt or trade, trademark.
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apols of you've already answered this valuebetting but has your mate given it a go since back in June when this started?
If so how has he got on? |
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cheers yorkie
back in june his job looked very dodgy and that's why we were discussing betting for a living, he was earning €700 a week so he was willing to put 10k in here to see what happened but he got a reprieve in the job. however after all the discussions and idea's that were floated he decided to put some money in to see if he could do it his views are 1. without the pressure of knowing if the results didn't go his way he would have no money he does not know whether he or his wife could take the pressure. 2. he put 5k in his account in june and started betting, he only had 2 kind of bets 25 e/w or 50 win, he does want everyone to know because he was working he did not bet everyday so this must be taking into account, now we can take that both ways either he had less days to win or (in slicers view it can't be done) less days to lose. 3. financial gains/loss he has taken €5,332 from his account and has left 4k in it he also would like it known that he had 25 e/w on a system horse that won at 100/1 on the sand so he would be down to a little more than half the profit had that not have won but I myself fail to see why that matters as how much did he lose on the system horse's that lost. talking to him just last week he said if he had to do it and it was the only way of increasing his weekly earning he would do it but not by choice also said that he thought peoples moods and their well being might come in to play if they were not mentally cut out for the losing side if the betting. asked him "did he still think he could get a living from punting" answer: he is not as confident as he was before he started in june but he did state he was only doing it part time so who knows but did want to point out how a family would cope mentally depending on results to eat and pay bills. so there you go folks warts an all |
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Bit of both VB. Used to have a very rigid system for years but since the markets have weakened I've had to start being more flexible in my approach.
His views ring a lot of bells with me, very honest and accurate assessment of life on here currently IMO. |
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yes trademark, he tells it as it is. no rose tinted glass views from this fellow.
good luck mate. |
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cheers valuebetting - agree with trademark, sounds like a very honest appraisal.
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I would give you some more advice, but I seem to remember how much
is left over from the last time we crossed paths |