ladbrokes, william hill and betfred.
- Thread starter RadoX
- Start date
![[TW]Fox](/data/man-of-honor/2009.png){kind=avatar}
I think arbing was more lucrative in the early days of exchanges, def difficult to get an edge now. I pretty much bet for fun now but had my betfair account in consistent profit for years, not thousands but my strike rate was good. I found tho that when I increased stakes I over studied and my MO changed, essentially the pressure freaked me lol. Looking forward to Cheltenham
indeed when increasing stakes you make blunders. im on betdaq now as there offering just 2% commission if your backing properly this will make a diffrence over the week trust me. Here's a screenshot i took the other day before the 3 month purge caught up on it. I was trying to explain that MONSIEUR at 20/1 was good value for a place the other day (it placed at 20/1) so i showed the people who were saying that its never ran a race when i backed it last time at around 15/2, they still didn't listen at there own cost.
Give over.
I've read that it takes 5 years of solid work to become an expert at something, but even then there's plenty of things where that doesn't work. I could play football for 5 years solid and I'd still never be as good as Ronaldo or Messi.
[TW]Fox;18410932 said:
Someone who makes no money and feels the compulsion to gamble on anything and everything all the time. They will bet on the virtual RNG racing and spend every penny they have until they have nothing. I treat my betting as a business say my betting bank was £100 id only try and make 20% a day also on the other end of the scale im only willing to loose 20% of my bank a day. asoon as i reach either target i stop and transfer into my bank and then wait untill the next day.
today is a exception as ive put 1 single on and the placepot as ive got applications for college to sort out, there may be a thread later with me asking for advice
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It was my aim last year after being brought up with gambling i even posted a thread on here i think. Since then ive built up contacts and really got into the greyhound side of the family. I seem to be making a living i still live with my family so i dont have bills to pay etc. I seem to be able to afford anything my peers have that work 9-5, if you class that as professional then yes i am.
I wouldn't class that as professional tbh... (not that I am either though I do have an interest in betting markets)
I'm not saying you couldn't also make money if you had to rely on gambling income in order to make a living but you'd have increased psychological pressures if you were living by yourself, responsible for your own bills etc... Since your parents are in effect subsidising your living costs what you're doing isn't any different in that context to say someone with an ordinary job who generates some income from gambling on the side. (You've always got the parents/job to provide for your general living expenses).
this is why i said im probably not as im not actually having to pay for a house and bills etc.
Morba, in answer to your question, the on course bookies set the SP price, all the shrewd dog punters know not to bet at the track and stay off course so they can generate a bigger SP price.
RadoX if you are trying to make 20% a day you are setting your stall too high. 5% over a long period when not punting filthy is about the best you will manage.
RadoX if you are trying to make 20% a day you are setting your stall too high. 5% over a long period when not punting filthy is about the best you will manage.
ive done 20% a day with about 0.5 loosing 20% or no profit days a week for about 3 months now.
you could make about 15% just scalping the exchange markets
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[TW]Fox;18410932 said:
mug punter = majority of people who gamble tbh...
obv they have different motivations - ranging from an occasional flutter they couldn't care less about through to outright degens with serious gambling problems
From the POV of a punter it is a less than zero sum game - if the OP is able to exploit an edge to the extent where he is able to profit consistently then that in itself is special. I'd be a bit skeptical about this though as he seems to be reliant on third parties providing him with information and is already experiencing problems with his gambling becoming extremely obvious to the bookies who've limited him.
its not just the information bets ive had that's got me limited though, i can guarantee if i was backing on information but also loosing all day in there except from the bet i had information on i still wouldn't be limited, as soon as im on at a price i tell the punters in the shop i know anyway and they are mostly loosers and are able to get whatever they want on.
Presuming £1 level stakes £1 E/W = £2
2.25 DESERT STRIKE 5/1 E/W - WON Profit / Loss: £ 6.00
3.00 BLACKRIVER BOY 8/1 E/W - UNPLACED Profit / Loss: - £2
3.30 ORPENINDEED 4/7 WIN - PLACED Profit / Loss: - £1
4.05 TEWIN WOOD 6/1 E/W - UNPLACED Profit / Loss: - £2
4.35 SYRIAN 6/4 WIN - WON Profit / Loss: £ 1.50
5.05 CHRISTMAS COMING 9/2 E/W - UNPLACED Profit / Loss: -£2
5.35 COTTON KING 2/1 WIN -WON Profit / Loss: £ 4.00
£4.50 profit on a day when i couldn't even watch the market and had to pick in the morning
in case you didn't realise if you were backing in £10 you would have made £45 clear profit. Cant people understand now why im limited to £50 sometimes even less at SP ?In reality id have probably only backed cotton king today as i really fancied it and the favourite was very weak, in the end cotton king went favourite i saw the 2/1 value this morning when advised which i would have took.
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Soldato
- Joined
- 16 May 2008
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Pro gambling tip: Get job in bookie security department, find monitored customer who wins a lot, copy their bets. 
So more than half of the bets resulted in a loss?
£4.50 profit on a day when i couldn't even watch the market and had to pick in the morning
Wow, a whole £4.50
you wont make any money long term betting on races that you dont want to bet in and have to choose a winner, select your own races and stick to singles.
[TW]Fox;18416024 said:So more than half of the bets resulted in a loss?
Wow, a whole £4.50
betting in tenners you would have made £45. you cant expect a winner in every race. on a normal day id have only backed 2 maby 3 horses over every meeting.
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Associate
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[TW]Fox;18416056 said:So what? Betting in £10,000's and you'd have made £45,000?
Gambling is a 'mugs game' no matter how good you are at it.
"Gambling" yes, is a mugs game.
Betting in itself is not, providing you have an edge.
People in this thread are coming close to trading, and not gambling.
There are people out there trading horse odds on betfair etc, that make £100,000s a year, making a very good income and having it as their only job.
If the OP has an edge of some sort, getting better odds than the SP than is he really gambling?
I don't think so, sure he is betting, but he seems to have an edge.
£4.50 on £1 bets is awesome profit, usually you are talking a 2-6% edge when arbing at MOST.
I made £16.50 on £260 the other day, was very happy with it indeed, considering it was twenty minutes work.