Is my head in the clouds

Conor_M1990

Right Im thinking of using betting as means for a part time income is this possible or is my head in the clouds generally. Might put down a fiver here and there and might win the odd time. Im in college so wouldnt be putting down big bets or looking for big returns which bets are the safest for returns.

UrbanSea

It depends,what would you be betting on?
Have you done much betting before? Have you found that you win often? Do you research your bets?

Letyourselfgo

The answer is yes but only if you treat it as a full time job. I'm still yet to make any real money but I've spent the last 2 years studying the horses and I know I still have alot to learn but I'm finally discovering my edge.
You should check out some of the logs such as urbansea, aidan, xpyro, nulty and horsebox and see the effort they put into their selections.
I would also say patience is a major factor, I would imagine that most people give up as they lose far too much too soon. Gambling is not the golden egg but it can be done, I hope so anyway.

Conor_M1990

UrbanSea wrote: »

It depends,what would you be betting on?
Have you done much betting before? Have you found that you win often? Do you research your bets?

Generally normally do the odd bit here and there I bet on the football. I dont keep a record as its usually just a bit of fun sometimes I win sometimes I lose.Im starting to research my bets now which is read the papers look at the statistics watch post match analysis. starting to look at betting websites now. I have a few rules myself I dont bet if Im not sure I set a limit for the week depending on now much if I lose money i dont try to win it back and I never take anybodys word about a sure bet

Letyourselfgo wrote: »

The answer is yes but only if you treat it as a full time job. I'm still yet to make any real money but I've spent the last 2 years studying the horses and I know I still have alot to learn but I'm finally discovering my edge.
You should check out some of the logs such as urbansea, aidan, xpyro, nulty and horsebox and see the effort they put into their selections.
I would also say patience is a major factor, I would imagine that most people give up as they lose far too much too soon. Gambling is not the golden egg but it can be done, I hope so anyway.

I cant really treat it as a full time job because of college but thanks Ill have a look at those logs

mozil

Well from the sounds of it... no
not being funny but your going to have to ask yourself a few questions
do you follow a specific sport would you consider yourself as being pretty knowledgeable on a chosen sport eg: horses, football
i suppose by having a good knowledge of a certian sport taking football as an example could you ream of stats hold a good conversarion with anyone you come across say in your local :-)
would you be concentrating your efforts on that one particular sport.
then of course theres what sort of money youd be looking at? the odd 100 quid or so for beer?

Meself i have been doing pretty well lately mainly concentrating on the soccer mostly backing in the running on team to score first/ next find you can get a good feel for the way is going downside id youd have to put up some big cash getting prices like 4/9 8/11 4/6. Can be some very quick and easy money but of course when things start to go bad they go very bad very quick.
Well thats my two pennys not trying to put you off because i do it myself these are just the questions I asked meself. so if you can survive on beans and toast when things go bad which they will id say why not you may get lucky and have some serious weeks of partying
and in the end isnt that what college is all about????

Conor_M1990

mozil wrote: »

Well from the sounds of it... no
not being funny but your going to have to ask yourself a few questions
do you follow a specific sport would you consider yourself as being pretty knowledgeable on a chosen sport eg: horses, football
i suppose by having a good knowledge of a certian sport taking football as an example could you ream of stats hold a good conversarion with anyone you come across say in your local :-)
would you be concentrating your efforts on that one particular sport.
then of course theres what sort of money youd be looking at? the odd 100 quid or so for beer?

Meself i have been doing pretty well lately mainly concentrating on the soccer mostly backing in the running on team to score first/ next find you can get a good feel for the way is going downside id youd have to put up some big cash getting prices like 4/9 8/11 4/6. Can be some very quick and easy money but of course when things start to go bad they go very bad very quick.
Well thats my two pennys not trying to put you off because i do it myself these are just the questions I asked meself. so if you can survive on beans and toast when things go bad which they will id say why not you may get lucky and have some serious weeks of partying
and in the end isnt that what college is all about????

Thanks for the help yeap thats really all Id be looking to win really

ValueSeeker

A couple of articles I've written that you and others trying to get serious about their betting may find of use:

Value Betting

Basic Betting Advice

First thing's first though, you need to have a few key strengths or you won't get anywhere:

1. Deep knowledge of your chosen markets
2. Good numerical / mathematical ability
3. Good discipline / risk management skills
4. Numerous accounts (most importantly exchange accounts)

Remember, it's all obout finding an edge on the odds - Spotting selections that have been overpriced. It's no use knowing something is 80% likely to win and backing it if the sportsbooks have backed this up in their implied probabilities.

Fursttimer

Conor_M1990 wrote: »

Right Im thinking of using betting as means for a part time income is this possible or is my head in the clouds generally. Might put down a fiver here and there and might win the odd time. Im in college so wouldnt be putting down big bets or looking for big returns which bets are the safest for returns.

Everyone has there own little methods of winning from time to time, different betting markets and sports. Winning is the easy part. Sustaining profit is the most difficult.

At your age you should learn to enjoy gambling and not see it as a means of income as there is very few who do. Gambling is abused by everyone. If you bet small and only bet what you can afford to lose then you will reap the benefits of gambling. That being the joy of winning.

When it starts to become anything else then you are in trouble and the vast majority of people who gamble beyond their means, end up in trouble, financially usually. You don't have to go far to hear about some horror stories (the local pub).

If you can, and don't already have, get yourself a part-time job somewhere, anywhere. Use a small proportionate of that to enjoy your gambling, win or lose.

The above poster from me has unfortunately seized this opportunity for a shameless plug. My advice is to change your betting routine so that you are in control of your money and the most important thing, you enjoy having a bet from time to time.

I bet €250 per week because I can easily afford to. I win, break even or I lose it. The most important part of the process for me though is that I enjoy it. I hope you, and others, find similar enjoyment through betting

mickey1979

mate you cannot make money gambling, loads will advise you that you can but they are simply delusional. I know two pro punters and it is a tough life the swings are unreal and trying to make a stable living is next to impossible. Let me explain it is not possible if you are a winning or a losing punter to get on in the majority of bookmaker shops in this country for decent stakes. I followed pyro last year for the three months of the flat season and my biggest wonder was how he got on the horses online as I simply could not. Bet365 max was 20 euro alot of races william hill would not lay to lose more than 500 ladbrokes would lay a bet but only on saturdays it was next to impossible and I am by no means a winning punter. also simply not possible to beat betfair at 5% commission against bots traders and those in the know

Conor_M1990

Conor_M1990 wrote: »

Right Im thinking of using betting as means for a part time income is this possible or is my head in the clouds generally. Might put down a fiver here and there and might win the odd time. Im in college so wouldnt be putting down big bets or looking for big returns which bets are the safest for returns.

Head in the clouds, all you'll do is lose overall unless you are a remarkable gambler, which you probably aren't. There is more chance of you making it as a professional footballer than a gambler.

By all means have a bet if you can afford to lose it, and enjoy it. I've had some of my best days out at racetracks or in the local betting office, as a means of having a laugh and the crack it's great. As a means of making a living it is a dream really for 99.999% of people.

Also you mention most of your bets are on football, a football match is a 3 horse race, either wins or it's a draw, you won't find any value in a 3 way market usually (Liverpool away to Chelsea at 5/1 was value though win lose or draw, Liverpool at home to Utd on Sunday at 15/8 though was not, just my opinion).

The more fancy football bets, HT FT, first scorer etc are just poorly priced stabs in the dark. Statistically a 0-0 draw should be close to 20/1, it's rarely over 8/1. First goalscorer markets are robbery, Tevez was 9/4 last weekend, that's complete madness)

Personally after years of gambling I reckon handicaps on the all weather tracks of Lingfield and Kempton are the only ways I can actually make a profit at gambling. However I have no intention of cutting out my bets on other horse racing and soccer markets so I don't see me making anything from it :pac:

Cavehill Red

Online environment has helped bookies identify how many of their victims punters win on a regular basis and are in regular profit.
The answer is c. 2%. Chances are you'll be part of the other 98%.
If you did happen to find yourself regularly winning, a whole new problem arises. You won't be able to place a meaningful bet. Online, they'll limit your bets to pennies or close your account. In the shops, they'll start getting to recognise you. CCTV images get sent around. Bets get referred to head office and rejected.
The pro punters, rare enough creatures, end up having to pay people to place their bets which comes with its own risks attached (organisation, trust issues, etc.)
If you're a student looking for some additional income, OP, gambling is not the answer, sorry to tell you.

Vurnon San Benito

It's very possible to make a decent income gambling if you have the know how and indeed the discipline.
I know guys who make thousands every weekend or so, and of course they lose here and there.

Impossible is nothing; but you need discipline, vigorous research and a depth of knowledge in the particular sport you are concentrating on before putting your hand into your pocket.

CiaranC

Doocey wrote: »

It's very possible to make a decent income gambling if you have the know how and indeed the discipline.
I know guys who make thousands every weekend or so, and of course they lose here and there.

Impossible is nothing; but you need discipline, vigorous research and a depth of knowledge in the particular sport you are concentrating on before putting your hand into your pocket.

Also OP, for every experienced gambler who tells you it cant be done, you'll have five lads telling you about their mates who take out five grand a week. Its rubbish.

If you read a few of the articles above, youll understand why its practically impossible to make a profit over the long term. Youll need to 1. find an edge, 2. find an edge which is statistically bigger than the profit the exchanges and bookies take out of the markets, and then 3. back it consistently, with 4. iron discipline, 5. over a long period of time.

Ive never personally met a gambler who has even got past stage 1/2.

If you want to make money, stick your savings in a long term savings account with a solid european bank. Have a bet for fun by all means.

Vurnon San Benito

CiaranC wrote: »

Also OP, for every experienced gambler who tells you it cant be done, you'll have five lads telling you about their mates who take out five grand a week. Its rubbish.

If you read a few of the articles above, youll understand why its practically impossible to make a profit over the long term. Youll need to 1. find an edge, 2. find an edge which is statistically bigger than the profit the exchanges and bookies take out of the markets, and then 3. back it consistently, with 4. iron discipline, 5. over a long period of time.

Ive never personally met a gambler who has even got past stage 1/2.

If you want to make money, stick your savings in a long term savings account with a solid european bank. Have a bet for fun by all means.

I'm guessing you're an online gambler then..

DB74

RoverJames wrote: »

The more fancy football bets, HT FT, first scorer etc are just poorly priced stabs in the dark. Statistically a 0-0 draw should be close to 20/1, it's rarely over 8/1. First goalscorer markets are robbery, Tevez was 9/4 last weekend, that's complete madness)

Just in relation to the point about 0-0's, since Aug-2003 there have been 258 0-0 draws in the Premiership from 2958 matches which means that the correct price should be 10.47/1

I don't know about the rest of World Football though so maybe that price is still a bit skinny outside the Premiership but I don't think 20/1 is correct

I agree about the first goalscorer bets though