8 Top Tips for Becoming a Professional Gambler in Horse Racing, Poker and Other Sports by Keith Driscoll

Patience: If you want big profits now, try the lottery. However, they need to receive your attention as a 1/8th ad in a paper costs around $500, and they need that money back before turning a profit. Building up you betting banks takes time a lot of time.

These days it is possible to receive horseracing software, poker software, etc that can facilitate you, they will only make you hard cash if you are already doing so, they just enhance your skills, not make them. Bank Management: Managing banks is not just staking, it also involves listing every bet on a spreadsheet so you can monitor things like average odds, strike rate, losing runs, etc. Anyone who tells you otherwise is possibly lying just to receive your hard cash.

6. You may have a spare $10,000 available, but prove you can profit with a $1000 bank maiden, and then add to the bank monthly.

You can also find innumerable free horse racing systems, staking systems, poker systems, on the internet, ignore them, they are only free for a reason, as they lose hard cash.

So if you are looking for a relaxing life, do not take up betting as a profession. If you do not list every bet, you will have no idea where you stand, and no way of having data to look back and learn from.

8 Top Tips for Becoming a Professional Gambler in Horse Racing, Poker and Other Sports

 by: Keith Driscoll. 5. That may not sound much but you have to learn to walk before you can run. This is because they have such a considerable turnover; they need to keep replenishing the customer base. If you cannot profit with 10c bets, how the hell will you profit with $100 bets?

4. They spread it around, and so should you. Do not do that, be truthful.

1. When you see professional poker players they are spending 3-5 days at a table in a game every week, sometimes sitting for 12 hours, and when they are not doing that, they are at home playing poker on the computer.

3. Always onset with levels, if you cannot make hard cash with that simple staking plan you will not make bankroll with anything more complicated. Most punters lie to themselves that they are breaking even. Most professionals will emergence at 3%, but get it down to 1% as the bank grows.

Also think why various tipsters advertise every day. The best way to treat fun bets is to handle them as you would any pro bets. Staking: You see betting plans for sale on EBay, most of them may make you a few dollars quickly, but it is 100% guaranteed they will bust your bank as these are designed by amateurs who have no understanding of gambling maths in the real world. Yes it can pay well, very well, but you need to put in a lot of work, and it can be 2-3 years before you are making any meaningful hard cash. And how innumerable average gamblers have $100 to bet, especially when you need a betting bank, and with $100 stakes, the cash you need before you even place one bet is around $3,500, any less and you can easily blow it all. This is usually suicide, you do not see the big boys in the city markets investing everything in one stock do you? No. It is as simple as that. Then divide the $26,000 by the $100 to work out how many points you make a year, and that is 260, then divide by 52 to see how numerous points profit a week, and that comes to 5pts a week. Search the web for reviews on every product before parting with any money; ask people on forums which software is the best.

I pray it was like that, but in valid life it is vastly different. Once you have proven over a few months you can turn a profit with level stakes, and then you can switch to each bet being between 1%-3% of the bank. Use a number of systems, proven tipsters, method bets, etc. I personally work 10-12 hours a day, 360 days a year, and still do a bit on the days off, including Christmas day. This does not always mean the tipster is rubbish, in some cases they may be profitable long term, but the average Joe Punter always wants profit NOW and every day, and average Joe points more than 5 points per week, whereas a full time professional would be happy with that.

When you see tipping advertisers stating things like “We made $26,000 to $100 stakes in the last 12 months”, it looks sensational. Risk Management: Most people follow one tipster, or one system. Betting Banks: If you do not have a betting bank to emergence with, and you are just betting from whatever is in your pocket, you will never make a profit. Wow!! If you are just starting off you are likely to only be using a realistic $5, so that is $25 a week average. Forums: Join a forum where you can bite ideas, this can prove a powerful aid, but make sure it is a decent one, and not full of idiots just spouting off how good they are!

So here are the 8 tips you need to learn, and stick to religiously if you want to stand a chance of ever making money from gambling.

If you are going to gamble to profit, then for the inaugural few months this should be your conditioning were you will be doing a lot of work for little return, but you will also learn how to handle losing runs, how to cope with mistakes, and if it does all go improper and you lose the betting bank, you should have learnt a lot from it for as little loss as possible, as you should only ever bet what you can afford to lose, especially while proving to yourself you can profit. And ensure you have a separate betting bank for each (you can use the same betting account, as the spreadsheets you keep will tell you the amount which is in each bank).

7. Alcohol: NEVER drink while betting, you will bet more than you should, you will bust banks, you will play bets you would never do when sober.

8. Fun Bets: You are often told not to do any ‘fun bets’ if you wish to turn professional, but this will not happen, as it is hard to break old habits at first. Separate betting bank, list all bets, and it will not be long before you lose the bank and realise how wonderful your own tipping is!

This advice goes for betting in any country, on horseracing, greyhounds, soccer, NFL, poker, etc.

Most folk are under the opinion that professional gamblers have one bet, play one game of poker, or some other form of gambling, and then collect the winnings and go back to their big mansion for a few months rest, before having another gamble!!

2

Nevada gambling regulators approve new fantasy sports model

Using football as an example, someone can bet that Tom Brady will throw the most yards that week.

“It’s so transparent and open,” commission chairman Tony Alamo said of US Fantasy, which will offer 11,000 sports events for betting annually and open later this year.

Peter Schoenke, chairman of the Fantasy Sports Trade Association representing 300 operators, said he has not seen US Fantasy’s system.

DraftKings operates in dozens of states, according to company spokeswoman Femi Wasserman. She declined to comment on the US Fantasy proposal but said its payout system is not the same as the Boston-based company’s model. So far, Virginia, Indiana, Tennessee, Missouri, Mississippi and Colorado legislators have done so, while New York’s governor has yet to sign off on the state’s version.

In traditional fantasy sports, users generally pick a group of players to create a team, and if they win, they know they are getting an established payout.

The hallmarks of fantasy sports are analyzing professional sports players’ stats and camaraderie among contestants in a league, he said. DraftKings and FanDuel ceased operations in states such as Illinois, New York and Nevada.

___

In Nevada, regulators had urged fantasy sports sites to apply for gambling licenses, a move the industry opposes as too costly and time consuming.

The industry has lobbied states to approve laws that would allow them to operate without legal ambiguity. But an industry leader predicts it won’t have a major effect on fantasy sports overall because it may only work in Nevada, where sports betting is already legal.

LAS VEGAS (AP) — A new gambling platform approved by Nevada regulators Thursday will further blur the lines between traditional sports betting and fantasy sports contests, an industry that insists its games are not gambling in the face of legal challenges across the country.

Several states over the past year have challenged the fantasy sports industry, which first drew widespread scrutiny last year amid a flurry of advertising that promised the savviest sports fans millions of dollars in payouts. Neither is required with Salerno’s hybrid platform, though “fantasy sports” is a loose term that does not have a uniform definition, he said.

The Nevada Gaming Commission gave a gambling license to Henderson-based US Fantasy, calling it a fair model as daily fantasy sports businesses such as DraftKings and FanDuel stand accused in several states of operating as illegal, unregulated betting systems.

“Is it truly a fantasy game or some sort of contest or instrument that is a regular gambling product? The industry is curious what exactly it is,” Schoenke said.

“It doesn’t feel like fantasy if you’re not putting up your knowledge against someone else,” Schoenke said.

US Fantasy owner Vic Salerno said it could easily be reframed to fit states that have approved guidelines allowing fantasy sports to operate. Her work can be found at http://bigstory.ap.org/journalist/sally-ho.. In the football example, Brady’s performance would help rack up points along with the rest of the players of the imaginary team.

Like DraftKings and FanDuel, it will allow people to bet on their picks of the top professional sports players and win money based on the athletes’ performance. But they differ in how they pay out winners and whether they believe their business model constitutes gambling.

In the US Fantasy system, users will bet against each other on individual player stats, with a pot of prize money that can change depending on how many people are wagering and how much they bet. New York-based FanDuel didn’t respond to a request for comment.

Follow Sally Ho at twitter.com/_sallyho

Gambler Who Dropped $127 Million in Vegas Blames Casino for Losses

“He was so addicted and so out of it, he didn’t really realize what was going on.”. “He did not.”

Watanabe said he would gamble 24 hours a day, playing three $50,000 hands of Blackjack at a time and losing as much as $5 million in a single day.

Watanabe said he was provided a three-room suite at a Harrah’s property and a $17 million gambling limit. His sister eventually intervened and Watanabe went to rehab, O’Donnell said.

“And they gave him highly addictive pills, eight or 10 a day,” O’Donnell said. “Sometimes in a candy box.”

“In the gambling world, ‘whales’ are the biggest of the big gamblers,” Anthony Curtis, of LasVegasAdvisor.com, told “Good Morning America.”

Watanabe, the former owner of popular mail-order retailer Oriental Trading Co., also contacted the Nevada Gaming Commission, after which the agency opened its own investigation into the matter to determine whether Harrah’s violated gambling regulations, The Wall Street Journal has reported.

null

The well-known businessman and philanthropist is credited with providing Harrah’s Entertainment Inc., the parent company of both casinos, about 5.6 percent of its total Las Vegas gambling revenue that year.

And although Watanabe was as big a whale as they come, not all casinos wanted his business. And at the end of the day, he takes responsibility of his drinking and gambling problem,” O’Donnell said, adding that Harrah’s needs to take responsibility for encouraging Watanabe’s addictions.

“We’ll let the good people of Las Vegas decide whether he has a criminal intent to defraud,” O’Donnell said. Watanabe’s a tragedy,” his lawyer, Pierce O’Donnell, told “Good Morning America” today. A Nebraska businessman who lost nearly $127 million in a yearlong, Las Vegas gambling binge has accused two Las Vegas casinos of plying him with generous amounts of alcohol and prescription drugs to keep the cash flowing.

Watanabe was drinking “two to three bottles of vodka a day,” all supplied by Harrah’s employees, O’Donnell said.

Watanabe has since been charged with four felony counts for refusing to pay the final $14 million and faces 28 years in prison if convicted.

It’s no secret that Las Vegas offers generous VIP treatment to court what many in the industry refer to as “whales” — extremely wealthy, high-roller patrons.

Watanabe’s suit and letter to the commission were part of a legal strategy to get Harrah’s to drop its charges against him, a spokesman for Harrah’s said.

“He’s standing up not just for himself but for other people who have a problem gambling,” O’Donnell said.

Watanabe is “a criminal defendant who faces imprisonment for theft and writing bad checks,” Harrah’s Entertainment said in a statement to ABC News. Three personal concierge attendants served at his beckon call.

O’Donnell said his client paid the bulk of his gambling losses while he was still struggling with addiction. Prior to his stints at Caesars and the Rio, Watanabe said, he was banned from the Wynn casino by Steve Wynn himself when he was found gambling intoxicated there in 2006.

“There’s a lot of competition to bring those guys in.”

Special vodka was imported from Russia by the case and served only to him, he said.

“It’s a tragedy, Mr. “All of his statements [and his criminal attorney’s statements] should be evaluated in that light.”

Terrance Watanabe said he bet more than $825 million and lost nearly $127 million of it in Caesars Palace and the Rio casinos in 2007, believed to be the biggest losing streak in Vegas history.

Now, Harrah’s and Watanabe are engaged in a complicated legal battle after Watanabe filed a civil suit in Clark County District Court last month claiming the casino was partly responsible for fueling his stunning streak by providing him free drinks and painkillers and allowing him to gamble when he was clearly intoxicated.

“It was outrageous