Just placed my first ever bet

britboy4321 said:
You can certainly make money from gambling long-term.

eg. stock market traders.
Click to expand...

You certainly can..my boss is a big time gambler on horses..does it through betfair and has automated robots ie programs that back and lay horses 24-7...he does UK, Irish and American horse races and **** me he makes a lotta money...he also does tote betting on horses too and makes a shedload of money on that too....i just help him run it so i dont know the ins and outs of it...mind you if i really wanted to i could just copy his programs that he uses for my own use but its not something im interested in all honesty.

Ill just say this that hes made his millions gambling on horses..sure he wins big but also loses big too..his motto is if you want to win big you have to win big...looking at his current betfair balance...its sitting at a pretty £1.5mill so far and that hes made this month starting with a balance of £100k....usually starts each month with £100k so hes more or less making close to a mill a month...altho sometimes he has some pretty bad weeks where he easily loses around £50-£100k a week.

So yes you can make big money but you need to have big money in order to make those gains.

In fact theres enough on the internet about him;):

http://www.everyedge.com/vb/showthread.php?t=39237

http://www.majorwager.com/forums/775953-post2.html

http://www.freerepublic.com/focus/f-news/1759692/posts

And yes hes from Canada, i grew up with him and thats where hes made most of his fortune...hes done very very well for himself.
 
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i'm up about £40 over 4 years.

dont expect to make a living out of it!

just bet on things for a bit of fun. it often livens up an otherwise boring sporting event.
 
My first betting was this world cup. Ended up winning £40 when Greece won, then ended up losing £100 on France. Eventually won back the £100 with a very risky bet, then lost a few more small bets.

I think overall I was £10-20 down. Should have withdrawn the £40 and ran! Was fun, but never again:p
 
When I have disposable income, I play a few ££ through a fruit machine. Remember, you're doing it for the 'buzz'. If you lose a few pounds, then it's your prerogative. If you end up with more than you started with, then try and end your session. You don't have to stop playing completely, but if you can demonstrate that you can stop for the day, and play again a few weeks later, sticking to a budget, then you are showing good self-control. Bad self-control is when you're making bets more frequently, raising your bet, and going outside of a planned budget.
 
I am only betting when there are say less than 8 horses, ideally 5 horses which i have seen i think 3 races today. So when you have a reasonable favourite with 5 horses at say 2/1 then it must be worth a bet, so it's not exactly blind betting. also i am checking sportinglife to get their verdicts, many of which are way out. I'd say the odds must be about 20-30% for making a long term profit.
 
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