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wasimbutt2007
Group 3 Class
Joined: 26 Feb 2008
Posts: 62
Location: Reading
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 Posted: Thu Apr 17, 2008 7:53 pm Post subject: PROFIT OR LOSS |
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I am interested to know how many of you are consistently making either a profit or loss. If you make a profit, here are the main issues i would like to raise:
what do you bet on?
how many bets do you place on average a week?
what tactics do you deploy?
how can you maintain profits consistently in the long term?
The final question is very important and it's the one i am most curious about.
Any feedback would be more than welcome, plus i would be willing to share my thoughts as well on these issues!!! |
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jwoody
Stallion
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Joined: 13 Dec 2004
Posts: 5758
Location: Fortress Selhurst, Crystal Palace
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| Posted: Thu Apr 17, 2008 8:34 pm Post subject: |
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| what do you bet on? |
Poker, online mostly.
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| how many bets do you place on average a week? |
It fluctuates depending on my schedule, if I'm not busy I could play 300+ Sit & Go tournaments in a week.
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| what tactics do you deploy? |
Either a tight aggressive or a loose aggressive style depending on which phase of the Sit & Go I'm playing.
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| how can you maintain profits consistently in the long term? |
By keeping ahead of your opponents in terms of experience, skill and strategy, also by using the mathematical and psychological elements of the game. My style is based on maths, I continuously put my money in when I'm a 70%+ favourite and I'm normally getting between evens and 2/1 payoff.
I've managed to make a profit every month for the last 3 years and I'm nearly at the stage where I will be able to live off of my earnings! This is very much possible because you don't have to pay tax on your winnings in the UK, so anything I make I get to keep 
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Don't worry, we've got Neil Warnock! |
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qhstatistics
Group 2 Class
Joined: 13 Jul 2007
Posts: 108
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| Posted: Fri Apr 18, 2008 10:10 am Post subject: |
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If its horse betting your talking about the only way to make profits are with a good selection criteria, too many people think a staking plan can make profits despite a poor selection process this is the downfall of mabny punters, also the idea needs to be to win small and consistently.
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http://layhorsesuk.blogspot.com |
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thepro
2yo
Joined: 14 Jan 2006
Posts: 9
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| Posted: Fri Apr 18, 2008 11:17 am Post subject: |
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Football betting 1 X 2
Have had 173 perceived value bets since December 2007 having rated 25+ European leagues to get these selections. So therefore very selective procedure in place and a lot of patience required! Totally agree about staking, will not turn a negative outcome in to a positive one but will enhance a profitable one quite considerably. In my case just over double the ROI. However bad money management can turn a winning system in to a losing one. How to maintain profitability?
Always, always back value! - If you back 1.2 shots and get a 80% S/R you will lose money long term, simple maths.
Best of luck with your betting |
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Shockjock
Group 1 Class
Joined: 02 Feb 2007
Posts: 361
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| Posted: Fri Apr 18, 2008 3:03 pm Post subject: |
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how can you maintain profits consistently in the long term?
My one word answer to this question in my experiences is Discipline.
It such a massive factor that, if I’m going to be honest, I’m yet to master and on that reason I’ll find it impossible to make a long term profit.
There are so many areas to gamble your cash and everyone has there opinions but be disciplined and stake what you can afford to lose and also only put money down on sports that you know inside and out.
Always analysis why you lost a bet (bad luck, not enough research, long shot etc…) and take the knowledge to the next bet.
I’ll stop there as most on hear know all these factors but discipline is the most key thing for me! |
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