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could you make it as a pro punter ? ...
could you make it as a pro punter ? ...
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Replies: 99
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Exactly stu….all about the mindset….
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you do need a strong mind set especially when its going pear shaped ,chasing is an issue ,chasing is bad enough when losing but chasing when you are winning is another side to the coin ,ie i am well in front today lets have another bet or 2 . most will have another form of income coming in be it pension part time job selling tips or whatever.
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I keep telling you guys how win gambling but none of you guys will listen to THE BRASS.
All you have to do is lay odds on football teams playing away from home. "NOW, Watch your available to bet balance race up like a petrol pump clock" FROM THE BRASS  |
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Correct Foyles,imagine on a losing streak and the household bills coming in…
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the stress of a losing run and a declining bank with bills /expenses to pay with no other income coming in will play on your mind and doubt about your ability and luck will almost certainly set in .
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In answer to the o.p. No I couldn’t and, I wonder that anyone does.
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The biggest irony though, is that two questions which should relate basically don't (in many ways at least)
1. can someone (relatively easily) make a good income from punting - yes 2. can someone (relatively easily) make their only income from punting - no This is a good trap many people fall into thinking that question 1 should logically lead to question 2. |
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I eventually shaped my betting/trading around taking small winning returns, as often as possible, to jus pay bills etc, however losing runs become intolerable and distort how you think and act and unless you walk away for a period of time and really take a rest the losing tends to continue. Don’t play much now unless I come across something appealing.
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A fairly feasible occupation for a pensioner with horseracing punting experience, assuming AC and bet restriction are not part of the equation. If so, the pensioner would have to contend himself/herself with exertions to and from race tracks. At the end of the day this taxing exercise could be too daunting for most pensioners.
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Correct Foyles,imagine on a losing streak and the household bills coming in…
So your bank goes down from say 65k to 25k. How does that stop you paying the bills ? |
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extra expenses of going racing would make it even more difficult imo. sat at home on the lappy more cost effective and the prices on here and firms are often better.
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you can still pay the bills howard but extra pressure ,whereas amoney coming in from different sources would be a great help to not only funds but confidence and confidence or lack of it is a big thing .
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I think if one has £65k loose money one would not be a serious professional horse punter. There are so many less risky ventures about with a better return - some even assured - without the addition of AC and other punting impediments.
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Completely different mindset when on the racecourse …..
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Why on Earth do you not go back On Course then Aceform?
It would be doing us all a favour  |
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I’ve had my day being a member of Scottish tracks when you could relax and enjoy your day,had my share of some good winners like all punters….
Noise and prices would scunner many an original….. |
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as for selling tips if you are that good would you need to sell tips, i dont like losing my own money and would hate to think others were losing money paying for tips ,put em up free and if anyone wants to back them then its down to them.
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You cannot live in the past.
By going On Course you would incur horrendous expenses,have to take at least 20% shorter prices than on here and devalue your vehicle massively. The Markets are mostly controlled by BF activity anyway |
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If you are skilful enough to make a living from betting then you could almost certainly make much much more using the same skills working for a living.
Under those circumstances being a pro punter actually costs you money. |
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It's a labour of love,Johnny
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Ask one question "What is my edge ?" - If you can't answer that, you are doomed before you start.
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Edges included being able to actually get money on in the Shops in the morning via "putter onners".
Knowing when certain horses were "off" and knowledge in general. The loss of the first was massive |
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I must admit I find this question fascinating.
Do you have targets, be them daily, weekly, or monthly? Do you cover your monthly exes first then move on to expenditure or as above is it just a target figure. I am sure I would have to plan long term...I couldn't do it month to month. I would definitely want a pot that could cope with runs of losses and wins. Those that do it must have a pot that can survive for at least 12-18 months, as well as the main exes covered like mortgage or rent. Fascinating, but I doubt I will ever know how those that can, do. |
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A lot or most will call the accounts frequently telling them to transfer from the business account tbh…..
Care homes,car sales etc……cuckoo…. |
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In your opinion only.Aceform.
The amounts that you bet in preclude you from commenting,never mind your lack of knowledge |
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Ten bob or ten grand…who cares….
I’m retired……you think I’m going to punt 40 years of pension …. I will profit from this up and coming flat season tbh….. |
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If you are skilful enough to make a living from betting then you could almost certainly make much much more using the same skills working for a living.
Under those circumstances being a pro punter actually costs you money. Good point Johnny the guesser. Remember reading something similar about 30 odd years ago about blackjack card counters. |
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You never show the forum evidence from yourself as a big hitter tbf…..
Don’t be shy….. |
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The point that I am making is,you have absolutely no idea of how people who do make racing pay manage to do so.
I am not asking you to bet in larger amounts,merely statin the fact that you are a "two bobber". As for you making a profit next Flat Season |
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grow up Irons FFS
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Interesting point JML….I remember years back in Malta an old pro (female) screaming at a player for ruining the cards….
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Take a cold bath Iron…..
Then talk to the mirror…. |
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The day that I need advice from you will be a first,Scrub Buddy Boy,you sanctimonious person.
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I’ve worked out the previous name you spouted…..
And can honestly say you are just the same old End….. |
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Do one,you losing two bobber
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"This time next year"
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Don’t be shy you big player……
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The mythology and appeal of being a pro punter was never really about making huge profits, I would suggest.
It was always about the idea of being a 'free man' not working for 'the man', living life that wasn't part of normal society or under those type of rules of control. You made your own money, lived your own life - as the kind of general concept. At least that would be my best understanding of the idea. |
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Nick Mordin an interesting early writer about it in his books. At least in portraying the idea of that lifestyle.
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Dave Nevison wrote about it as well. This is from A Bloody Good Winner. The last line, well...
When I left the City, I knew Timeform Perspective off by heart, and I knew Raceform, but although you may be able to make a profit by relying on them, and can certainly stop losing, I don’t think it’s the way to make proper money, and it was proper money I was determined to make. I hadn’t left the City in order to drink tap water instead of champagne, or to live off a toilet cleaner’s wage. One of the first things I discovered was that the people who made their living on the racecourse, bookmakers and professional punters, weren’t as I had imagined them to be. I had come from an industry which dealt in millions of pounds every day, and I thought the racecourse market was the same. I thought bookmakers were rich and were used to dealing in big sums, and that professional punters were betting on a huge scale, and making fortunes. I was mistaken. Despite the fact that I’d been going racing on Saturdays all my life, and on other days when I could, and was totally wrapped up in it, I was hopelessly wrong about the reality of the racecourse market. It came as a complete surprise to me that when I went to put on £400 I could only get on £200, and that there were a lot of professional punters who would never have a bet as big as £400. For many of them, the ceiling of their ambition was to stay in the game. They set out for the racecourse hoping to win the sort of sums in a week that I’d been used to spending on one good lunch in the City, or someone spending on my behalf. Those professional punters got a buzz from the feeling that, in some way, they were putting two fingers up at society and getting away with it, even if they would have made more money stacking shelves at Tesco. Even a successful, respected professional punter like Alan Potts was operating on a scale well below what I had in mind. In his book Against the Crowd, published in 1995, Potts related that his normal maximum stake was £400 and that he was not comfortable with a bet of over £500. ‘My aspiration is to make an annual profit of at least £10,000,’ he wrote. ‘There are no fortunes to be made from full-time punting, but there is a steady income for the hard working and the competent.’ To me, that sounds depressing, a vision of hard labour rewarded by baked beans on toast. Although we are chalk and cheese in terms of our personalities – Potts actually calls his racehorse ownership venture The Golden Anorak Partnership – I am not criticising his knowledge or approach. We all have to bet in the way that suits us best, but in my view, if you make only £10,000 a year from betting then you are not really a professional punter because you would be considerably better off doing almost anything else for a living. You have not beaten the system and must be living a pretty quiet life, probably in a bus shelter. Three years earlier, in 1992, Nick Mordin published Betting for a Living. Mordin was forever developing and testing different betting systems and I loved his book, but his ambition was as limited as Potts. Mordin admitted, ‘My emotional threshold for betting is about £100. When I bet beyond that amount I start to get jittery and my judgement goes.’ At a time when he had plenty of money in the bank, Mordin once had a bet of £200. ‘I was having kittens as the dead cert skipped home,’ he recalled. Mordin set out to prove, as the title of his book suggested, that you can bet for a living, but during the six months of his experiment he made an average of only £1,100 a month, which he estimated worked out at £8 per hour of work. That wasn’t the kind of living I had in mind. Mordin and Potts may well be making a lot more nowadays but I still see people eking out a living at the racecourse. I think a lot of them are loners and misfits, and women don’t figure in their lives at all. Apart from Eddie Fremantle and me, I can’t think of any professional punters on the racecourse who are married, with children. |