I love it. but no need to do a extra training for this, at least where i livearbusers wrote: ↑Tue Jun 13, 2023 1:19 pm
Alternatively, you trained a relative, who acts like junky or an addict, spends his day within a shop or two and he places the bets whenever you tell him to do so via Telegram, while he is searching for cheeks in Instagram. Welcome to the world of smart betting.
yes i think you are being overly paranoid, im not sure for other countries but in the UK the tax man has to prove your funds have come from business activities or a taxable transaction or event.VidaBlue wrote: ↑Mon Jun 12, 2023 10:55 pmThank you for asking this question. It made me revisit the matter. The truth is, that I am not 100% sure how the tax administration would treat this. I have called them some years ago when I wanted to increase my personal income to achieve a higher mortgage for a real estate investment, but the answer was that it could not be used for boosting my regular salary.
As long as the gambling tax is paid by the books, revenues from sports betting is by law be tax free. But when a person runs something as a business, the primary income from that is taxed as income tax. So it is kind of ambiguous. There have also been cases in the past, where citizens would get heavily taxed as their betting slips were not enough to prove their source of income. So to avoid any problems, I use sports betting as a taxfree salary booster. Maybe I am just too cautious and paranoid and should hire a specialist, if I some day decide that I want to prioritize more time and increase my salary from sports betting.
I live in a Scandinavia.
Thank you for providing a different perspective on this.treblepop wrote: ↑Tue Jun 13, 2023 6:40 pmyes i think you are being overly paranoid, im not sure for other countries but in the UK the tax man has to prove your funds have come from business activities or a taxable transaction or event.
just because you do not have physical evidence of shop bets etc does not mean they can just say well you cant prove it so you owe us x amount. There is a fairly recent court case where a professional who only bet cash in UK shops and made 7 figures over 10 years deposited the cash into his bank accounts and raised an investigation. He had no proof the money was from gambling but the tax man had no proof it was from business.
abrusers well i understand circumstances and skill play important factors is undeniable , my point was more on online accounts with one identity my own than was feasible in the long run , i have known smart plays for quite some time i recently switched to valuebet.arbusers wrote: ↑Tue Jun 13, 2023 1:19 pmbetto88t wrote: ↑Tue Jun 13, 2023 8:21 amI've been making value for a while and I'm getting excellent results, obviously I realize that the limitations come quickly in some cases, I'd like to hear from those who make value bets as a source of income to live on how it can be feasible without using other identities and only the your own using more books from time to time as can be feasible in the long run? I read that there is always a need for new identities.
then I'd be curious to know how many plays are made on average per day.
Your questions can not be answered.
Everyone has different circumstances, not to mention abilities. I will now focus only in the circumstances. Someone could be a pro trader in country X, and absolutely nothing in country Y.
Imagine the following scenario: You live in country X where you can milk the shops for ever. You sit at home with your tablet. Some cash is distributed among 3-4 shops and you simply call the shop owner to place the bet. Alternatively, you trained a relative, who acts like junky or an addict, spends his day within a shop or two and he places the bets whenever you tell him to do so via Telegram, while he is searching for cheeks in Instagram. Welcome to the world of smart betting.
This guy would never survive in country Y. But who knows, maybe country Y offers some different options?
P.S: I know at least 7 European countries that could take the role from country X in the above example.
betto88t wrote: ↑Thu Jun 15, 2023 4:58 pmabrusers well i understand circumstances and skill play important factors is undeniable , my point was more on online accounts with one identity my own than was feasible in the long run , i have known smart plays for quite some time i recently switched to valuebet.arbusers wrote: ↑Tue Jun 13, 2023 1:19 pmbetto88t wrote: ↑Tue Jun 13, 2023 8:21 amI've been making value for a while and I'm getting excellent results, obviously I realize that the limitations come quickly in some cases, I'd like to hear from those who make value bets as a source of income to live on how it can be feasible without using other identities and only the your own using more books from time to time as can be feasible in the long run? I read that there is always a need for new identities.
then I'd be curious to know how many plays are made on average per day.
Your questions can not be answered.
Everyone has different circumstances, not to mention abilities. I will now focus only in the circumstances. Someone could be a pro trader in country X, and absolutely nothing in country Y.
Imagine the following scenario: You live in country X where you can milk the shops for ever. You sit at home with your tablet. Some cash is distributed among 3-4 shops and you simply call the shop owner to place the bet. Alternatively, you trained a relative, who acts like junky or an addict, spends his day within a shop or two and he places the bets whenever you tell him to do so via Telegram, while he is searching for cheeks in Instagram. Welcome to the world of smart betting.
This guy would never survive in country Y. But who knows, maybe country Y offers some different options?
P.S: I know at least 7 European countries that could take the role from country X in the above example.
this month I seem to be a victim of the negative variance
@Alealeale,
VidaBlue wrote: ↑Sun Jun 11, 2023 8:55 amUnlike day trading stocks, the profitable sports bettor will be working in an environment that gets increasingly difficult. Like if you're playing a video game which awards you with the next level, each time you demonstrate that your skills and experience have improved. This helps preventing that the person, whose ultimate goal is to become a professional sports bettor gets discouraged right from the beginning. The "levels" could be something like this:
1. Bonus hunting
2. Arbing and getting limited
3. Value betting limited accounts
4. Value betting small amounts using bots
5. Shop betting
6. Value betting certain patterns on sharps
7. Market making
So the idea is that you progressively gain experience and insight as you work your way through this so that you will be able to make profit on the next "level".
This is just one kind of perspective to see things. There may be so many different paths to becoming a professional sports bettor.
arbusers wrote: ↑Mon Jun 12, 2023 8:09 am
5. ''create a statistical model based on the value?'' Some people will create their own statistical model. However this is a minority. Everyone finds a tactic that works, and he specialises on it. He then thinks of other ways and through trial and error he comes to a point were more than 3-4 tricks are working for him at the same time.
