Profitable Betting

[protop]

How many Punters Lounge forum members actually show a profit from their betting? Lets say over the last six months?

[protop]

Re: Profitable Betting So that's 15 views so far and no one's beating the book.

[Grex]

Re: Profitable Betting What is the purpose of this poll?..... with the options you have included, only those that actually make a profit will register..... it doesn't take into account the majority of us who actually make a loss.... so it doesn't really mean anything :unsure

[aliando]

Re: Profitable Betting have been on a bad run for a long time now. could start spouting a number of reasons/excuses but, bottom dollar, I've not been doing well enough.

[protop]

Re: Profitable Betting You're right Grex, It does only take into account Winners and the reason being, this is the only group I am interested in! Although granted it is looking like a very small group so far.

[Grex]

Re: Profitable Betting

You're right Grex' date=' It does only take into account Winners and the reason being, this is the only group I am interested in! Although granted it is looking like a very small group so far.[/quote'] Sorry for being such a pain-in-the-Rs, but I still can't understand what you are trying to achieve. Surely if you are going to do any sort of statistical analysis, you need to look at the broad picture, not just the very small percentage of punters who actually make a profit. Another problem (as with all polls)... are people actually going to tell you the truth ? :tongue2

[protop]

Re: Profitable Betting Hi Grex You are certainly not a pain in the butt, and yes you are right some people may well lie, but the only people they'd be kidding are themselves. What made be ask the question was that somebody recently posted a question about paid tipping services and if anyone used them. He was politely told he doesn't need tipping services as all the best tipsters are right here on PL. So my assumption was that profiting from betting was well within the forum readers remit as all the answers are on here somewhere? Bit like saying all the winners are in the racing post as indeed they are! By the way, a lot of your contributions seem well thought out are you not profiting from your own system selections? Me thinks that anybody that did have a profitable angle long term would not be posting it on here.

[Grex]

Re: Profitable Betting

By the way, a lot of your contributions seem well thought out are you not profiting from your own system selections?

I very rarely bet, Protop..... and certainly not on my own selections :rollin

[Grex]

Re: Profitable Betting

Me thinks that anybody that did have a profitable angle long term would not be posting it on here.

And why not?..... the whole point of this Forum is that it gives successful system authors the opportunity to share their "good news", for the benefit of others. Some people may argue that the bookies take into account the selections of successful systems published here and adjust their odds accordingly.... but, to be honest, I can't believe this. So why not let others benefit?

[protop]

Re: Profitable Betting First of all if you were making decent money from your betting, you would have your bets severely restricted by the bookmakers, that means you would have to eventually move onto the exchanges. On the exchanges it is every man for himself. You want the best price with the liquidity that goes with that price. Share a successful strategy on a forum, bang goes the liquidity and bang goes your profitable system. shooting the golden goose springs to mind. How come you rarely bet and yet contribute to a gambling forum and one of the better contributors at that. I agree that the the postings on here, don't worry the bookmakers prices in the slightest.

[clarky101]

Re: Profitable Betting

Me thinks that anybody that did have a profitable angle long term would not be posting it on here

you wanna check out Muppett & Shipupstreets mate, they change odds/spreads in their threads....

[Grex]

Re: Profitable Betting

How come you rarely bet and yet contribute to a gambling forum and one of the better contributors at that.

Thanks for the compliment, Protop..... why do I rarely bet myself?.... 'cos it's a mug's game :lol

[sodabrab]

Re: Profitable Betting +8% ROI last year, +30% this year:nana

[Grex]

Re: Profitable Betting

+8% ROI last year' date=' +30% this year:nana[/quote'] Excellent, Sodabrab :ok... care to share any secrets with the rest of us ;)

[icecreamdreams]

Re: Profitable Betting I don't get why u would bet if u know your not very profitable in selections!!! Might aswell do lottery or scratch cards surely! Recently I've lost few hundreds but overall over the years I'm mega up. Went on few crazy runs with the grand slams in tennis winning shite loads. Couldn't lose it seemed when u can watch the matches as their played and willing to risk big on service games or tie breaks with nadal federer roddick etc. Now I work it's alot harder but still seem to make a nice wedge every now and then for holiday or shopping sprees. Always consider stopping work n betting full time but don't think it's good to rely on betting for constant income. Easy to find winners but it's having the balls to go big. Few times I've had the balls me n mate won massive on two inter Milan games at 1/2 odds. I don't read too much into value as I consider it to be subjective to each person. I'd say there's value in inter to beat werder Bremen at 1/2 amazing value.. But sure some others wouldn't. Same with nadal service game at 1/8 . How many times does he get broken in a grand slam. Not a damn lot! But that's my two cents :) This year I'm about 4 g in profit including recent losses of about 800. My problem is betting on 0-0 and not wanting to lay it at all! Brazil Argentina was a big **** up for me bloody messi! But live and learn...sometimes!! Enjoy betting

[aliando]

Re: Profitable Betting

Share a successful strategy on a forum, bang goes the liquidity and bang goes your profitable system. shooting the golden goose springs to mind.

dont forget a lot of the profitable tipsters here include their own excellent knowledge to choose their picks - once they've taken the odds at the price they feel is value, then they are not going to see future value restricted. for the rigid strategy, I can understand your viewpoint but what some punters gain is the help and cooperation other PL members can contribute to fine tune/improve any potential returns.

[Norfolk Enchance]

Re: Profitable Betting

What made be ask the question was that somebody recently posted a question about paid tipping services and if anyone used them. He was politely told he doesn't need tipping services as all the best tipsters are right here on PL.

That made me chuckle. It would be great if all the 'best tipsters' were on here! It is almost an automatic response from some mods, I don’t know if they are programmed to say this or if they really believe it ;) The truth is that some paid tipping services are good, but most are bad. I think the same is probably true of ‘tipsters’ on PL. This is natural because it is very difficult to make significant profit from betting in the long term.

[Gingertipster]

Re: Profitable Betting Punters like to lie, whether anonymously or not. Why don't punters who say they make a profit put ALL their bets in ONE thread, without aftertiming? So we can all see if they make a profit and how much profit they make. Of course most punters will finish with a thread once clear it has no chance of making a profit, and start a new one from zero. Then when that one makes a small profit in the early days, think he's suddenly found the secret. Before that one also goes down the tubes. So every thread should be counted, no matter how small. The two questions that should really be asked are: What percentage of PL betting threads make a profit? What percentage profit do those profitable threads make? Not ask how much profit do you make? Most professional gamblers work on 10% profit. Seems like we've got quite a few on their way to being Professionals.

[Shy10ck]

Re: Profitable Betting

Most professional gamblers work on 10% profit. Seems like we've got quite a few on their way to being Professionals.

When you say that profesional gamblers work on 10% profit. Do you then mean 10% ROI? and over how long time, 3 months? a year? and do the forum agree that ROI = Profit + starting bank/starting bank

[Gingertipster]

Re: Profitable Betting Shy10ck, 10% as in for every £10 pounds they put on, they win £11. Obviously they won't make 10% every year, sometimes it will be 7% sometimes 15%, sometimes 23%. 10% is the figure (so two (independently) told me) most professionals need over a considerable amount of time, say 5 years.

[Shy10ck]

Re: Profitable Betting

Shy10ck, 10% as in for every £10 pounds they put on, they win £11. Obviously they won't make 10% every year, sometimes it will be 7% sometimes 15%, sometimes 23%. 10% is the figure (so two (independently) told me) most professionals need over a considerable amount of time, say 5 years.

If it 10% of every bet then I think we are talking about Yield and not ROI. My Yield over the last 3 months is app 4,3%, Money in/Money out. My ROI is app 70%, profit + starting bank/starting bank or do I have mixed it all up?

[captaincool]

Re: Profitable Betting

When you say that profesional gamblers work on 10% profit. Do you then mean 10% ROI? and over how long time, 3 months? a year? and do the forum agree that ROI = Profit + starting bank/starting bank

It's not 10% ROI, it's 10% yield, essentially over a period of 1 year, you'd want your total bets to equal £250,000 (regardless of starting bank) for a return of £275,000 and thus a 'wage' of £25,000.

[captaincool]

Re: Profitable Betting For what it's worth I just checked through my figures and for the last 3 months, my total staked was £9741.99 and total returned was £9742.99 :puke

[protop]

Re: Profitable Betting Well it seem so far 4 people are managing a ROI of greater than 10%. well done you guys. A pound profit in three months equates to £4 a year. Not the road to riches but a profit is a profit as they say!

[Shy10ck]

Re: Profitable Betting

It's not 10% ROI' date=' it's 10% yield, essentially over a period of 1 year, you'd want your total bets to equal £250,000 (regardless of starting bank) for a return of £275,000 and thus a 'wage' of £25,000.[/quote'] I agree, but this thread is about ROI. A 10% ROI is not as hard to get, as a 10% Yield. So the punters at this forum may not necesarily have a bad memory, as well as they dont necesarily is on edge to be pro gamblers, as gingertipster indicated.

[Sir Puntalot]

Re: Profitable Betting

I agree that the the postings on here, don't worry the bookmakers prices in the slightest.

I have first hand information that is completely incorrect. I'm not going to go into detail, but you are wrong, but of course it's a small percentage. Only 2% of gamblers make money.

[aderuk]

Re: Profitable Betting Since i opened my bet365 account in the begining of january i have. bet £883.38 and returned £902.48 amazing £19.10 profit HA HA £5 p/month. still better than being minus :clap mind you i started with £10 in there so i suppose its only £9.10 profit .

[mileni4uk]

Re: Profitable Betting What's the difference between ROI and yield?

[Faith]

Re: Profitable Betting C,mon,do you really think you can trust your bookie? When it comes to exchanges & bookies ,I way too often encounter all sorts of BS from rigged casino games, "server connection problems",fantasy matches,treacherous deletion of winning matches,cancellation of winning matches due to "incorrect odds", static odds, to empty buttons right at that vital moment making it very hard or impossible to trade out to lock in some profits... Always get the same kind of BS whether Im trying to do some trading or gaming at BETDAQ , BETFAIR or at anyone of my former regular online bookie like BET365 ,the flagship of all scammers or UNIBET . When it comes to gaming and roulette, I never ever had a drawdown of now over 200 units in my entire life at a brick & mortar casino but betting online at UNIBET I lost it all in no time. Tells you something,doesnt it...Total BS...Sure , they let you win a little here and there but there is no way in hell you can come out a winner here no matter your gambling capabilities.There is so much bs in action online I could write a book about it. Its important to do posts like this one when people are scamming you. Remember,If they need and do cheat on you one way,they can and will do so in other ways as well. Im a person of high moral and strong principles myself and always react when people try to bs me. Whats the point of gambling when its not gambling...Unless you go for cards and other players. If you think you can trust the exchanges and the bookies,think again.Make no mistake about it,they a l l cheat and theyre just as talented as any of the many online bucket shops that tamper and fiddle with the traders feedings & readings on a daily basis.Many of my trader-friends have given up altogether beacuse of all this shit and nonexistent trust... Gambling online takes a gigantic amount of faith or plain dumb trust to start with...Think about it,how would you feel if you made a bet with and against a friend of yours and caught him repeatedly and continuously cheating on you... Would that piss you off or would that piss you off... Sure , gaming & trading can definately be both rewarding and enjoyable but only if youre being treated fair & square and that just wont happen online.Ever... Land is the only way to go... See things with your own eyes... Save your money.

[Dumyat]

Re: Profitable Betting Perhaps I am getting older and losing my edge but I think it is more difficult now to make profits than 10 years ago. Bookmakers used to just promote shop managers to be compilers - now they employ graduates. An experienced hunch on pricing wont be sufficient - you need to also understand the maths. After tax free was introduced in 2001 many new people started to think they might be able to make a profit. A new breed of smarter young punters meant that many long-standing price anomolies were extinguished. For example look at the old correct score coupons - you could get 9/1 on strong home favs eg Man U v Wigan to be 2-0. So although CS was superficially a terrible bet with large margins there were many nuggets of value if you had some sort of statto edge - most of these longstanding pricing errors have been corrected. And of course the rise of Betfair means that people can arbitrage away instantly any out of line prices. It's not all doom and gloom. There are people who still have ideas which can beat the book - Muppets corners for example, sample size suggests it cant just have been luck.