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Re: What You Need to Know About Being a Professional Gambler
I've read this guy's blog and its of a much higher quality than much of the garbage out there. I wouldn't class him as a gambler though - he strikes me more as a trader. If you are interested in finding how to bet on tennis (which is his sport) the blog is next to useless IMO as he doesn't give any idea of what he was thinking when he struck a particular bet or decided on an opening position. It is very strong on the psychology of gambling and the swings involved in trading. A lot of his work seems to be anticipating the market moves and trading accordingly.
I have to say I am slightly sceptical of his numbers or else I am completely underestimating his bankroll. Even assumeing he is leveraging his funds by laying heavy odds on shots in running losing 37K would mean that his bankroll should even at a 5% limit be more than 750K.
I also don't see how it is possible to function without a state of the art satelitte dish. I have a top end model and I barely trade at all.
Interesting read nonetheless.
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