Quote from: sunsilk on January 27, 2020, 11:35:47 PM

What were the fiat bookies or casinos that you have been with all over the years, preferably the longer ones where you have stayed. (...) I hope these questions are okay to you.

Those questions are perfectlyy fine, don't worry.

The first bookie I ever registered with was Interwetten, an european soft book. During all the years I have registered with maybe 200+. Some of them still exist, others do not, but most of them I can't use anymore due to being limited to very low amounts or even having my account closed by them. I didn't play with all of those accounts frequently, often times they just had one good bet, so I registered, placed the bet and never went back there. I placed the majority of my bets with 15-20 bookmakers, but the portfolio always had some fluctuation due to various reasons (limits, geo restrictions, witched bookmakers, taxes, ceased operations, some smaller books were taken over by bigger ones etc.).

Nowadays I am placing my bets mostly on exchanges, agent accounts and two accounts that survived the years. I tried my luck with some crypto bookies, but they rarely have the best odds for my bets or don't offer what I want to bet on, so they are not that interesting to me.

Quote from: sunsilk on January 27, 2020, 11:35:47 PM

Last question, how much capital or do you have a specific amount of capital to start the day?

Quote from: LbtalkL on January 27, 2020, 11:44:17 PM

Did it come out on your mind selling one of your properties just to do gambling or did you just borrow money to do gambling stuff?

I started like a lot of people do - losing. After some time, maybe half a year, I was done with losing and said to myself, I either up my game or quit gambling. So I took 800,- Euro and that was my starting bank. I always had a pretty simple money management and I started with staking 3% flat. Only single bets allowed.
I still remember my very first bet as a "pro". It was a tennis WTA match, Bammer to beat Bohmova @1,55. Stake was 24,- Euro (3% of 800,-) and it won, which gave me a net profit of 13,20 Euro. And so it started.

As the weeks, months and years went by, my winnings were higher than what I needed for my expenses. I only ever cashed out, what I needed to live and thus was able to compound - my betting bank grew and with it the stakes I placed on bets. I stayed on flat 3% stake for a long time. And with higher stakes and good, valuable bets, I was able to make more money of course. So, I never had to sell anything or borrow money. I started with the 800,- Euro and build my way up from there.

Nowadays I still have a betting bank (i.e. money that sits on my betting accounts, Neteller, Skrill etc.) and I am using this capital for my bets. I don't play 3% flat stakes anymore, it's lower now. I was never a fan of money management systems like Kelly for example, just for the reason, that I can tell that a bet has probably value, but I am struggling to tell precisely how much value it has. So flat stakes is a bit for the lazy ones, but just suits me right. And you should always do things the way you feel comfortable, if possible.

Quote from: sunsilk on January 27, 2020, 11:35:47 PM

and for you to stop and get to say that you have a profit, how much profit or percentage do you have to achieve within the day?

Quote from: LbtalkL on January 27, 2020, 11:44:17 PM

It is great to hear someone in gambling for around 15 years. Anyways, my question is how do you survive? given that gambling is not always winning. what are your strategies and discipline?

I don't set myself any targets or limits. I play bets whenever I see value (well, sometimes the recreational gambler in me also places some fun bets Grin

). This can be 10 bets a day or no bets at all for several days. I don't stop for the day after I have won amount X nor do I stop, when I have lost amount Y. I stop, when there is no bets with value left. So the discipline is to not gamble when there is nothing worth to gamble on.

And I am not thinking in days, but rather in months. Every single betting person, pro or not, will have losing days, losing weeks and losing months. I have had a few losing months, but never a losing year. I was never the person to chase losses or go on tilt, I just tried to keep going and do solid work (yes, this is hard work). So discipline has never been an issue for me, but it is for many people. If you lack discipline and lose your mind easily, you will have a hard time in this business.

In regards to my strategy, this is easy: Value. Play valuable odds and you will win. There is no other strategy than value, thats the whole secret and pretty straightforward. The difficulty lies in spotting the value. But if you are able to play valuable odds on a regular basis, with a good money management and discipline in place, you can't lose. You just can't, it's maths.