If so, are you doing well?
Being a professional gambler is not a profession many can handle. The amount of time and the level of discipline needed alude most prospects. A higher percentage can pick winners...but are typically undone by lack of discipline and patience.
For anyone considering it... its best to start slow. Use a small bankroll and build-up over time. If you build-up to an amount that has teeth...than you can consider taking it to an official level. Just keep in mind that official level means declaring yourself a professional and keeping very accurate books in case of audit.
Also things such as health care and retirement need to be factored into your philosophy. Even though gambling is something you can do until you are old or dead. The amount of stress involved means its not something you want to do forever.
Being a professional gambler is not a profession many can handle. The amount of time and the level of discipline needed alude most prospects. A higher percentage can pick winners...but are typically undone by lack of discipline and patience.
For anyone considering it... its best to start slow. Use a small bankroll and build-up over time. If you build-up to an amount that has teeth...than you can consider taking it to an official level. Just keep in mind that official level means declaring yourself a professional and keeping very accurate books in case of audit.
Also things such as health care and retirement need to be factored into your philosophy. Even though gambling is something you can do until you are old or dead. The amount of stress involved means its not something you want to do forever.
Hi, i am a part time professional, who also sells tips via a couple of websites. I make about 10% profit on turnover, although this seems to be improving of late. If i was less careful/particular about odds i take this could be much less.
I have worked for the largest pro punter in the southern hemisphere doing the horse racing form and other tasks. His company bets about $1 billion Australian per year, keeping about 2% of that after costs, around double that before costs. HIs company has an arrangement where the 3 Australian Totelizers given him rebates on his bets.
My understanding is that single figures in terms of profit on turnover is normal in horse racing but used to be up to 20-25% before the internet and easier dispersion of information.
I am aware of traders making better margins, but actual fundamental punters, making greater than 10% on turnover is almost unheard of.
Adam Heathcote accumulated a cult following when tradin betfair horse racing markets in the UK.
For me tennis is by far the easiest sport to bet on with consistent profit.
Less variables and much fairer with the player who deserves to win almost always winning.
The unpredictability is remarkably predictable in terms of results.
Hi, i am a part time professional, who also sells tips via a couple of websites. I make about 10% profit on turnover, although this seems to be improving of late. If i was less careful/particular about odds i take this could be much less.
I have worked for the largest pro punter in the southern hemisphere doing the horse racing form and other tasks. His company bets about $1 billion Australian per year, keeping about 2% of that after costs, around double that before costs. HIs company has an arrangement where the 3 Australian Totelizers given him rebates on his bets.
My understanding is that single figures in terms of profit on turnover is normal in horse racing but used to be up to 20-25% before the internet and easier dispersion of information.
I am aware of traders making better margins, but actual fundamental punters, making greater than 10% on turnover is almost unheard of.
Adam Heathcote accumulated a cult following when tradin betfair horse racing markets in the UK.
For me tennis is by far the easiest sport to bet on with consistent profit.
Less variables and much fairer with the player who deserves to win almost always winning.
The unpredictability is remarkably predictable in terms of results.
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