A Day In The Life Of A Professional Gambler

In today's post, I thought I'd give you a perspective into a day in the life of a professional gambler.
So to begin, I want to explain that it's not an easy profession and is fraught with psychological pitfalls and is not as glamorous as people first think!

I start the day with breakfast (not unusual I hear you cry!) like most people. After a usual start to the day, I then sit down at my computer and the hard work starts.

Firstly I have to go through all the various selection processes I use with various systems. This can take up to three hours in itself and consists of running through the cards repeatedly looking for qualifying bets. Once I have all the data collected I then have to start reading the form of every horse in every handicap and then construct my own tissue and compare this with the morning markets. If I find a horse, I believe to be over-priced then it becomes a bet.

Then I post these value bets for my subscribers over at Value At The Races so they can benefit from the early prices.

So we're now around the 1100am mark and all the day's information is laid out in front of me. The next hardest task is to now try and get my bets on. Not as easy as you think!

Most Bookmakers have closed my accounts or limit my bets to a minimum, so it's a constant cat and mouse game I have to play. I obviously use the exchanges a lot as this makes my life easier but sometimes there isn't enough liquidity in the morning to place a large bet so I have to use a bookmaker. I have a few contacts who can place these bets for me and they are then paid a commission. Sometimes I'll even go into a shop and use cash, although nowadays it is easier to keep everything on-line.

Once the day's bets have been placed, I'll have some lunch and go for a walk or a swim. It's important to take your mind off racing and get some exercise as it helps to keep the mind focused.

Back to the afternoon and it's about trading through the various races and finding over-priced horses that I think will be over bet come the off. I'll back the horse at the over-priced odds and then lay them off to create a green book. In other words no matter what the outcome, I make a small profit. Do this on every race and it soon adds up!

It's very hard to stay focused throughout the afternoon and manage your time constructively but my wife does a good job of keeping me in check!

I still work part time for a large bookmakers which I thoroughly enjoy. I won't tell you what I do but I quietly work behind the scenes making sure bets are legitimate and we don't lose too much money.

Once the day's racing is over, which can obviously run into the evening, I then tally up everything that has been bet and work out my profit/loss for the day. Every single bet has to be recorded with explanations as to why they were placed and notes to be made about any future bets on the horse. I then kick back and relax for a few hours and then it's another day.

I do try to take one day off a week but invariably this type of work goes on for 7 days a week and consumes your whole life................. Good job I love it!!


Any questions then leave me a comment and I'll get back to you.

Regards,

Ed