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Author Topic: Diary of a professional punter  (Read 137621 times)
redarmi
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« on: October 08, 2011, 12:46:31 AM »

Been contemplating doing this for a while because I want to get into the process of recording my daily betting processes and the psychological side of the business.  I have been a professional gambler of sorts for much of the past ten years although I normally have other income that is derived from providing odds compilation or advice to either bookmakers or, more recently, punters and syndicates.  I don't really want to discuss actual bet sizes in his but for the purposes of the diary I will pretend to be working off a £1000 bank.  My basic rules tend to be that no bet exceeds 5% of my bankroll and, realistically, a 5% bet doesn't happen very often.  Most bets are in the 1-2% region.  I bet on a bewildering array of sports and events through a combination of good sources and my own odds compilation.  For those sports which I do myself I price every event I intend to bet on and take my betting from there.  Where possible i will give an idea of what i consider to be the correct price for my selections and my reasons but I won't do this until i (or those that pay me) have got bets on and normally this will mean the price has gone.  Just to be clear I don't intend this to be a tipping thread as such and wouldn't advise anyone following me but hopefully it will give an idea of the ups and downs of someone that relies on his judgement of sport for his living.

To kick off I have two bets outstanding for this weekend.

£30 @ 4/6 Vettel to win Japanese GP
I missed the really juicy price of 4/5 on Vettel and that would have been close to a max.

£10 England -4 @ evens paddy power RWC
I know almost nothing about rugby union but I do know that the best judge in the game is the guy that does it for Sporting Index and he has set his market at 5-7 which, whilst they will be anticipating patriotic money, seems as though he is looking for sellers and I have years of profits to show from following him. 
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Boba Fett
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« Reply #1 on: October 08, 2011, 02:20:27 AM »

1st

wiiiii

GL with the diary and the betting.

Out of interest, do you ever bet Basketball?  If so, what kind of market do you bet regularly and do you have the required knowledge of it to be a winning punter or do you have an "NBA guy" that you trust.
« Last Edit: October 08, 2011, 02:22:53 AM by Boba Fett » Logged

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Horneris
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« Reply #2 on: October 08, 2011, 02:28:33 AM »

Awesome
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ChipRich
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« Reply #3 on: October 08, 2011, 02:29:00 AM »

oioiii, gl with this. Will be a good read

Any thoughts in the Niffle this week? I really cant find anything, but could be convinced Smiley
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redarmi
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« Reply #4 on: October 08, 2011, 02:54:50 AM »

1st

wiiiii

GL with the diary and the betting.

Out of interest, do you ever bet Basketball?  If so, what kind of market do you bet regularly and do you have the required knowledge of it to be a winning punter or do you have an "NBA guy" that you trust.

I might have between five and ten bets a year on the nba.  Usually revolving around Miami, Boston or Lakers because I watch a fair few of their games when I am in the States but I don't price it and something would have to really stand out.  Very occasionally I may read something which leads me to believe that a team is under or overrated and I will bet that close to blind until the market catches up.  College basketball tends to be the same but I absolutely have to be in the States to bet on college hoops otherwise I just don't watch/follow it at all except for the tournament.  A couple of years ago i was fairly close to an asian bookie that was getting some very good US bettors plays in the asian market before they hit in Vegas and that was profitable but has fallen off the radar now.
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redarmi
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« Reply #5 on: October 08, 2011, 03:03:00 AM »

NFL - haven't finished my lines yet tbh although I am pretty sure i will be a bit lower on the KC@Indy total than the 39 available now.  Nothing else stands out though.
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mondatoo
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« Reply #6 on: October 08, 2011, 04:13:15 AM »

Probably going to be the best diary on blonde, expect mine on a Friday night, but I'm guna behave tonight Tongue
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Eso Kral
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« Reply #7 on: October 08, 2011, 05:24:40 AM »

Awesome
This 
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« Reply #8 on: October 08, 2011, 09:35:42 AM »


^^^
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paulhouk03
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« Reply #9 on: October 08, 2011, 09:40:52 AM »

Do u only bet on sports? Or do you trade  in stocks?
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millidonk
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« Reply #10 on: October 08, 2011, 09:50:42 AM »

Always enoyed reading your posts they are normally very well constructed and thought out. Got a feeling there won't be too many degen stories though, as you seem a bit too switched on, that aside I have always been genuinely interested how the pros do it.

What advice would you give to someone who dreams of being able to punt for a living? And what sort of bankroll do you think someone would need to start out to be able to bet for a living and maintain a comfortable lifestyle, say to have an equivalent of 40K a year lifestyle.

Also, have you been to Ocho Rios yourself? Couples hotel is immense!!

GL with all punting, life and the diary.
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outragous76
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« Reply #11 on: October 08, 2011, 12:30:03 PM »

Great stuff, I don't really bet but I will enjoy this

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nirvana
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« Reply #12 on: October 08, 2011, 12:37:10 PM »


+ 1

Will provide some supplementary info now and then when 'I'm on' as well


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« Reply #13 on: October 08, 2011, 01:50:02 PM »

Pretty sure this will be a must read.  GL with it.
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redarmi
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« Reply #14 on: October 08, 2011, 03:56:36 PM »

Couple of racing bets:

£5 e/w Kaldoun Kingdom @ 16/1 405 York
£10 e/w Sentry Duty @ 14/1 350 Newmarket
£5 Lay of Dux Scholar @ 3.85 535 Nmkt
£5 Lay of Bubble Chic @ 5.0 535 Nmkt
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