Rugby League bets

So tell me, say you turned $1000 into $10000. We'll say over the space of a year. After that year's up, you decide to place a $2000 bet. What's wrong with that? Had you not betted any money you'd be at $0, but you have $9000 profit and regardless of if the bet wins or not you'll still have $7000 more than if you hadn't bet.

You're acting like all these bets people make are just coming out of their pay checks.

 

Bad habit I use my knowledge and skills to earn some extra money on the side (and entertainment) yet that's a bad habit.....why?

I have self control - anyone has to that profits and have measures in place should that ever change (I doubt it would but the control is there should it ever be needed).

My gambling doesn't consume me from doing other things, in most cases I'm watching the things I bet on anyway. I certainly would never treat it as a career or a main source of income - some people do, that's just not something I'd do.

What's bad about it? I'd perceive a bad habit as something that was taking you away from doing more important things or was detrimental in any other way - i.e losing more than you can afford to lose. Do you have shares or any other investments? because you're a gambler if so and mate you better stop that bad habit

 

So you tell me you have investments in an industry which can be affected by a lot of factors and you haven't analysed the risk and rewards of these? Fuck me. It's a gamble, there's no such thing as a sure thing in investments. There's always some risk.

 

Just like I've overall never lost and made quite a lot proportionally on sports gambling yet I still realise it's gambling and have the reality that I have to keep up with the industry and that you can lose.

I've seen more conventional investments destroy lives too, I had a client that lost $1 mill. End of the day, no matter what the investment don't put more in than you can afford to lose. At least with sports betting there's controls (deposit limits) to aid consumers to not invest more than they can afford to lose. So it physically won't destroy my life....not that I could ever see that happening anyway....I'm an accountant ffs, all I'm ever thinking about is making the most profit in the least risky and most efficient way.

 

End of the day everything in this world has destroyed someone's life but that doesn't mean it destroys all.

 

Not an argument, was more just putting my 2 cents in, in regards with MF's betting and you bagging him for it. Just annoys me that people bag something just because other people aren't good at something/ don't have self control doesn't mean others don't. Sure I'd never bet the amounts he does and would never see it as more than a bit of entertainment/ a hobby/ extra money on the side but it doesn't make it implausible for professional sports gamblers to exist. Having experienced the industry first hand, I can assure you of that. It's really no different to people bagging alcohol and the like. There's always someone to ruin it for the others.

I've always been open about my sports betting (although have been a lil broad on the profit front irl as of late because I get sick of people asking me for tips when they have no interest in sports, only the money - I never give mates tips because most don't support sport and they're not doing it for the right reasons and can guarantee I'll hit a loss when I tip for them).

 

If I didn't win more than I lost and didn't enjoy it, I certainly wouldn't gamble so I'm safe from anything of the sort. I certainly won't be losing my life over my small gambling.

I have actually seen documentaries on the matter, most of the people that have problems have serious issues - most of it stemming from slots, it's sad. Losing like $50k a year on it, stealing money to fuel their addiction. Like I said the most I can lose is $60 per week....it'd take 2 years of non stop losing to lose my all time profits. By that time I'd sure as hell would have stopped if I was losing so much. Like I said it's a hobby, I love stats (have numerous spreadsheets tracking my performance in all facets, so I can analyse my strengths) sports and money (who doesn't) I'm a fucking tight arse when it comes to money. It's ok if you don't approve (I don't approve of slots and the like) but I don't go around bagging every sole that uses them. You can and will win in sports betting if you're smart about it.

In regards to the addiction thing - in life anything I notice I'm doing a bit, I step back from for however long (month or whatever) so I can assure myself I can rely without it. Think of alcohol etc. I might be a bit bingey for a few weeks (maybe there's a few parties on) well after that I don't touch the stuff for like a month, I dunno it's just something I do. Healthy way to do it. After I won all that money in like the first 6 weeks of the year, I took a step back and didn't bet for awhile - notably there wasn't anything for me to bet on that I support and I was busy but that does show I'm not non stop betting on things like you suggest. Only so many things in a month I do actually have confidence to bet on....

 

No it's not guaranteed - what if the company goes bust, lose your job etc.

I dunno it'd take pretty strong character, would require long days (looking through stats and so forth too) and would be a stressful work environment.

 

Company doesn't pay you for work done etc.

It'd be fucking stressful, your ability to live is reliant on the results of your decisions. I certainly couldn't/ wouldn't do that.