Somebody just pointed this thread out to me.

I've made more money from modern 'gambling' markets than I ever did trying to trade or arbitrage. Modern gambling markets have totally turned conventional views upside down and I suggest you look at them again.

I know nothing about horses but make money each and every day from horse racing. Its been a revelation to me. I have been using exchanges since conception but only in the last couple of years has the volume and liquidity really taken off. There is well over £1bn in matched bets each month now.

"Gambling contains no management of the active period, the bets close BEFORE the race/ dice/ game begins and that is giving you full credit for your ability to select the bet ( entry)
You have NO control over the active period."

Is wrong, you can trade events well before and during the event now.

BTW, Arbitrage is not a one way street either and is not worth pursuing if you want to make serious money.

Scobie Breasley would think this thread is a load of dog shi*te.

And dear old Scobie would be spot on.

And surprising isn't it that even people supposedly actively engaged in trading view certain elements of trading as gambling. This tells me that if you view trading as gambling then you have not cracked it.
It would be more correct to say that occasionally the outcome you expect is not the one you experience.
Experiencing an unexpected or unpredictable outcome is not the same as consciously gambling.
Consciously gambling occurs when the participant does not have one iota of what he is doing or ought to be done, then it can be said to be a form of gambling, but not otherwise. The trader who knows his business and goes on to develop an edge, goes on to exploit that edge. In pure gambling, which is being prisoner to the vagaries of chance there cannot be any edge. Individuals, consequently, who have an edge, would never consider what they do as subject to the vagaries of chance, and hence are not engaged in gambling. Part of the edge is to assess beforehand what is the most likely probable outcome given a set of parameters and to prepare in the event of a neutral or unfavourable outcome in advance, which again is not gambling, but prudent and proactive strategy instead.

Yes Soc, we all know that.

Trading is a rather straightforward past-time.

Why make such a song and dance out of a rather mundane and boring activity ?

Of course it is straightforward, but it is only straightforward when two things are mastered. And it can get mundane and boring, and when it does you find yourself doing the trades the other way round, just to add some spice to it. But please, Salty, you must admit that the volume of nonsense posted here is incredible, and moreso from people who purport to have been trading for some time now, so that one wonders if what they post is a leg pull, but I am inclined to take the view they really mean it.

Of course they mean it Soc.

They are dumb, as amply evidenced by the nonsensical postings on T2W.

Not like me and you pal, huh ??

That's right.;-)

GAMBLING!

(id settle for experienced GAMBLING!) :lol:

[quote=darktone]Er.did somone say betfair!? :lol:

No disrespect C but if you cannot 100% guarantee an outcome. you are gambling! end of!

Hola DT.
Our biggest risk taken was at birth ... sadly this one action guarantees our demise, in fact it may well be the only true guarantee in our lives.

After this realisation, everything becomes more clear, in my humble opinion.

Poker was mentioned and yes I agree that any game involving card reading allows you to manage the active period of the game.
However, if you become known as a card reader and a winner in Blackjack etc, the Casino
will throw you out, so you are either destined to wander the globe looking for new Casino´s or acknowledge that you have a short shelf life.

Hi,

I have followed a very similar route to yourself and as I now seem to be on everyones gambling "list" I get all sorts of offers. As I have also lost a bloody fortune I do not take any of them up.
I do however run my own system and make on average of £2500 per month, although I did have an incredible month at the end of last year when I made over £15K !

I have never tried to sell it to date but have a new problem in that I am finding it more difficult to place bets as the bookies seem to have some kind of syndicate when it comes to closing down accounts. If you are interested in looking at an arrangement then please get in touch by email on philip.jay@talk21.com.

regards


Phil