Quote from: Ailmand on January 29, 2020, 12:56:09 AM

Thank you for answering. I would also like to ask are you following or have a set of principles or discipline that you stick with when you gamble, or do you sometimes or most of the times bet randomly on events or sports avalaible you are familiar with? Would you consider your self gambling addicted? No offense meant, I am just curious. Grin

My main principles are sticking to my money management, focusing on single bets and staying with the sports/leagues where I have an edge; or think I have. This leads to discipline, if you follow those rules; which is probably hard for a lot of people, since no one monitors and you can just break the rules without any consequences but monetary ones. From time to time I do some fun bets in other sports, bigger parlays or system bets. I am just human and like to have some gambles as well - my normal/pro betting I would phrase investing (in good odds) rather than gambling.

Your second quesiton was already answere here:

Quote from: tyKiwanuka on January 28, 2020, 04:09:53 PM

I often asked myself the question, if am addicted to gambling. In the past I tended to say probably yes. But I never bothered with being addicted, since it was kind of good addiction to me I was making money with it and didnt feel like I ticked a lot of boxes that come with a gambling addiction.

Nowadays I can clearly say, that I am not addicted. I have no problem being without gambling for some time and I am not missing it in these times. I probably have already gambled too much in all those years, so there seems to be some saturation Grin

But I always get back to gambling, since I have to make some money as well of course.

Quote from: Genemind on January 29, 2020, 02:48:54 AM

Did you ever try to quit and stop yourself from gambling because you have lost most of your capital and assets? How did you handle your downfalls in gambling? We all know that gambling isn't all about winning and sometimes, losing leads us to disappointments, how did you surpass those stages?

Why should I stop with something that brings me joy and money ? Wink

There were losing stretches, but you should always think longterm, variance happens. My first losing month came after 3.5 years of betting and it even was two losing months in a row with quite some losses. Was hard to digest at first, but I looked at the big picture. I had won amount X during all those years and now I have lost 10% of that, no big deal and it was expected to happen at some point. I was still confident with my abilities and trusted my system. Took my foot off the gas a bit, lowered the stakes and tried to forget about what happened and have a fresh start. It worked and it took a long time for the next losing month to appear on my spreadsheet again.

Quote from: Rosilito on January 29, 2020, 06:04:37 AM

I never thought that someone would take gambling for a living. You're quite a different man. Well, living is a gamble in the first place, isn't it? Anyway, what made you decide to take gambling as a source of income? And do you let a day having no gain? Or you won't stand up unless you lose? Do you have any long term plan? Like conducting a small business for you to generate passive income? And what it takes to be a professional gambler? Sorry for loads of questions, man 'cause I find your life interesting, and I have more question I just can't say it right now. Thank you in advance, appreciated.

That are indeed a lot of questions Grin

Some of them I already answered more or less earlier, let me get some quotes for you:

Quote from: tyKiwanuka on January 29, 2020, 12:20:18 AM

It kind of fell into my lap as explained earlier. I was making good money with betting, more than a regular job in modern slavery would have given me at that time, so why work for less money and more importantly less fun.

Quote from: tyKiwanuka on January 28, 2020, 03:03:19 PM

I started betting for fun in first place. By the time I learned that I can actually make money with this and now the fun and making money aspect have merged.

Quote from: tyKiwanuka on January 28, 2020, 01:53:40 AM

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.

I don't have any long term plans betting wise. It's a very fast business and what works today might not work tomorrow anymore. During recent years it already has become harder and harder to survive in the betting markets and regulatory issues are not helping this case as well. So I don't bank on doing this for eternity, I take it day by day and don't think too much on what will be in 1 year.

I do of course have a private plan or a plan for my life in the future, but this is not something I would want to discuss in public, sorry Wink

Generating passive income is always welcomed, but I don't think I will (have to) start a small business for that. There is lots of possibilites to invest your money and generate some income from it.

Let me do some brainstorming for what it takes to be a professional gambler and put it here without any particular order:

Discipline, money management, dedication, cold-bloodedness, some maths, willing to learn, be content with spending a lot of time in front of the computer, mentally stable, accepting losses, working hard and for long hours, being able to adapt, good observer, lots of reading/watching, gut feeling, motivation, don't be greedy and start small.

You don't have to have that all Grin

I am lacking in some of those as well, but if you lack the majority, you should better not think about going pro. Being a pro isn't always fun and also has quite some disadvantages, but no one asked so far about that, so no need to post it just yet^^

Quote from: Mahanton on January 29, 2020, 06:57:09 AM

What situations you experienced that almost makes you quit on betting? Ex. Losing streak etc. and how you do overcome it?

Longer losing streaks of course always make you kind of think of that. See the second question in this post and how to overcome it or how I do it normally.

The thing that always makes the think about quitting and what will probably make me quit one day, is the "logistics". German government is coming up with some pretty crazy shit all the time to bully gambling people. As a result I am pretty tight on betting accounts nowadays. And without a good and somewhat big bookmaker portfolio, things are getting complicated. I am running out of accounts because the german government wants to get their share of taxes from the bookmakers smokescreening it with "player protection". So lots of geo restrictions are in place, some bookmakers tax me as a resident of Germany and I am blocked by a lot of bookmakers.

That is why I was shifting my focus more on Betfair trading in recent times, as Betfair is a place where you can do your business without too many inconveniences. But I can't access Betfair (Exchange) from Germany, so had to go via an agents account. Betfair decided to close those agent accounts in December, and as a result I don't have a Betfair account now no more. Only have this white-label Orbit account. They have no API and thus no betting software can be used. Trading without software on a pretty laggy site like Orbit is kind of weary.

These surrounding logistics are really a nightmare and annoying Grin