Nah. Too scared & too lazy to act, work, think, try.
My first part time job was in a horrid factory surrounded by life time minimum wage earners. They were for what ever reason completely beaten for spirit, zero real optimism and every sunny day had a dark cloud coming to spoil the picnic.
The only universal hope they ALL had was winning the lotto. Luck. The new opium for the broken.
A lot of that on this forum now.
Whats the story.
Conventional methods of income producing sources
No longer appealing?
To hard?
Takes to long?
Whats the story.
Conventional methods of income producing sources
No longer appealing?
To hard?
Takes to long?
Trading and gambling can co exist .I gamble for fun and trading is a calling that I aspire to admittedly I gambled in early trading but was too naive to realise this.The enjoyment I get from gambling (99% Blackjack) is studying human psychology at the table practising self disicipline see money management and simply the game itself.In the over twenty years that I have played I am no more than 2k down but I always have a limit and I stick to it.I always have fun unless I lose very quickly which sometimes happen
I have little gambling knowledge, so please excuse me.
Read a very interesting post on another forum recently, regarding an individual in Australia that was allegedly making money on sports betting.
I cannot locate the link, and the story may have been apocryphal, but it had detail that suggested it was factual as the article was written to be that way.
The gent was allegedly turning over around $350m per year, mainly via Betfair.
He actually loses a small amount, but because of his very high turnover, receives a rebate, which may have been mentioned as high as as 4%
So the profit was 4% - (small losses + expenses of his employees) X $350m turnover
went on to quote name, something Yugoslavian or similar sounding, biggest gambler in Oz and many other details about his mathematical expertise etc.
anyone else heard of this story?
I dont know whether;
a) rebates are paid on turnover?
b) the maths of that scheme, even based on break-even and no costs, but superficially, based on a 50/50, you would only need a capital of a few million
I started that thread, and I don't think that it is as joke-worthy as you make it out to be.
Billionaire Mark Cuban, according to Forbes, the 296th richest person in the world has started/is in the process of starting a sports betting hedge fund.
Fair enough if you believe trading sports is too risky/low-rent for you. But let me ask you this, what sort of return do you aim to see on your share portfolio?
I've been trading sports instead of stocks and have made 660% exposed to minimal risk in 15 months, starting with $10k that I was prepared to lose.
My stock portfolio during this time has taken a beating.
Should i have been trading my cash in stocks/bonds in that time frame? Would that have been more risky than backing Roger Federer and Andy Murray in the second round of Wimbledon?
Woods, 62, was universally recognised as among the top three punters in the world.
Woods, born and raised at Murwillumbah in northern NSW, who was the co-pioneer of computer betting syndicates in Hong Kong and a key man in the development of computer analysis for betting.
His fortune at the time of his death was estimated at $670 million.
The Woods betting syndicate became legend in the cauldron of Hong Kong racing, where huge amounts of money are invested into the totalisator pools.
For the 2006-07 racing season which ended last June, the Hong Kong Jockey Club recorded a betting turnover of $US64billion ($71.46bn). It has been estimated the input to annual turnover by Woods and his syndicate was about 2 per cent.
EDIT: ha???????????where you go?
EDIT: ha???????????where you go?
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