Gambling

dmg24

want2bmortgage3 wrote: »

I have been doing quite well on betfair, I started with matched betting but now just do a little bit of gambling mainly on football, whenever I see there are games on. Ideally I look in advance at the odds/form/recent results/league table etc. I sometimes bet before the game, but often just in-play as you can get a feeling about how the game is going.

Tonight for example, from £1000 sitting in betfair, I've ended up with £1227.

Beats my day job which earns me £55-60 a day for 7 hours slog!!!

Good for you. Come back to us when your £1000 ends up as £500, as it inevitably will. 'Punters' do not win at gambling in the long term.

Rothschild

dmg24 wrote: »

Good for you. Come back to us when your £1000 ends up as £500, as it inevitably will. 'Punters' do not win at gambling in the long term.

Just stick to Matched-Betting + Arbing, and you'll keep raking in a very nice, easy, risk-free 2nd income stream of a few hundred quid extra per week.

Amistoso_2

no gambling is risk free, that's a contradiction in terms!!!

Holes_in_my_pocket

i back greyhounds to lose now that will confuse the un intialiated and yes successful now after a few yrs of losing and a expensive learning curve but reason i asked the question is that i am becoming successful not rich but a income

AnxiousMum

Well, I think your own wording, and calling your gambling 'winnings' as an 'income', not once but twice, mean that it is more of an income and not a one off thing - and so yes, you should report it to the benefits people.

If you yourself see it as 'income'........then I think in reality you know it is

alwaysonthego_2

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