I wouldn't say the gravy train left the station quite yet, but you certainly need to take larger risks in order to get the same or higher returns as one or two years ago. I started about 2 years ago, so can't comment on before that. That said, my last two months were the best I've had and I'm very pleased to still be in this business.
As as newbie I would say that boredom may be why some quit.
Do you want a min wage job in your spare time? Sometimes this can feel like that.
My mate has made £10k from bookies and some casinos but doesn't want to do the big rollover US offers and hasn't done spread betting offers. There is also financial SUBs that look very interesting. But each new level up requires more learning/reading and some don't want the effort. However if you do then there is loads to do.
Also read Fella's thread - it's very interesting and I can see that earning £8 in your free time is nice - but if it isn't for a specific thing and if you start to feel that you aren't hugging your missus because you are too busy then you may want to question why you are doing it all.
My advice would be:
If you enjoy it - work and study hard, bookies have tightened up but there is still lots of +EV out there, we just need to learn to adapt to the situation. I reckon we have at least a few years left before it becomes too difficult.
If you don't enjoy it - make a quick buck on the sign up bonuses and move on/ just keep an eye out for anything mega easy, unless your heart is in it I don't think you could maintain healthy long term profits especially with bookies tightening up.
I reckon there was more people moaning about bonuses coming to an end and the good old days when I started (a little over a year ago) than there are now.
Originally Posted by billysastard
Granted there are some bonuses that have got worse or disappeared. But there are also those that have got better. Just look at bet365's sign up. So much better/easier now.
5 or so years ago bonuses were a lot better but those days went long before either me or you started AP.
Times are getting tough for those doing high end advantage play, but for the rest of us who aren't trying to earn 6 figures a year there's still plenty of ev around.
I totally agree with that. As I stated, I work with a pretty damn small float, am far from expert level (only started dutching a few months ago, casinos a couple months ago) yet I can still make £600-700 per month easily enough.
Originally Posted by Grandthrax
You lose books from "bonus abuse", arbing etc but I wouldn't worry too much about that. Since I started this one year ago, some of the books that have opened business/been discovered in that time are TitanBet, YoGano, EuroSportBet, ChanceRoom, McBookie, ChiliBet, PurpleLounge, ToBet etc. EuroSportBet are one of the newest and - while their odds are often poor - they have some truely fantastic offers. I've made £100 out of them so far, and that figure could have been a lot higher if I had been more proactive about certain things (as I said, it's a constant learning curve).
BTW one great bit of advice for a newbie is to learn to dutch before you learn to lay - you will be grateful that you did. Don't throw away money paying the exchanges their comm % when you dont need to. Once you are confident, open as many books as fast as possible and generally only think about arbing if you dont have much else to do.
"Pay no attention to what the critics say. No statue has ever been erected to a critic."
The original term 'gubbing' refers to a 'sure bet' that 'goes wrong' or gets turned over. So for example if you bet on Man Utd to beat Alfreton Town at odds of 1.01, that's pretty much a sure bet. However if Man Utd then somehow manage to get beaten by Alfreton town, you would say that you 'took a gubbing' on that bet.
Originally Posted by howardmarks7
However more recently in the last 2-3yrs or so, the term 'Gubbing' has been coined to refer to the act of a gaming site stopping you from placing bets with them, whether it be through abuse of promotions or simply just winning too much with them to the point where it makes business sense for them to block you from betting with them any more. This kind of makes sense since the generic meaning for 'gubbing' means to take a beating (I think?), so you have really 'taken a beating' from the bookie because they've stopped you from playing with them any more (actually there doesn't seem to be a term called 'gub' in the English dictionary! I think it's a slang term though for beating).
Who exactly coined the phrase 'gubbing' for it's 'bookie shutting you down' meaning I don't know, it's been prevalent on the MSE forum for a good 2-3yrs and possibly it started somewhere else. Fairly sure it's a UK phenomenon though.
Got a very vague feeling it may have originated on BF forums? Far from certain though.
the wealth of experience here is unreal. i didnt realise dutching could be used so effectively and in football too. thanks u4ea! more reading to be done.
thing about starting with a small bank im forced to read more instead of doing and its making it better in the long run. rest of u guys thanks for the advice. (oh and fella im not sure if i should be doing this or going the gym! nice one tho)
Wide growth of "Bonus abuse" has led to a tightening up as others have mentioned and, as is widely accepted. Whilst that's not good news for casual bonus hustlers who have been encouraged to take the practice up, in a way it's good for Advantage Players who actually have an interest in the challenge of this (it's like a game really) - who find the less obvious techniques, try the more complex and riskier strategies and are prepared to do the work.
So I think things will continue to get increasingly difficult for the casual's, in a way I think this is a good thing because, and I am sorry to say this but it's got a little out of control.
However, my personal opinion is that Bookmakers and Gaming companies will continue to incentivise their marketing. The Gambling industry, particularly online is a massive industry and is still growing year upon year. Companies want to aggresively market their product in order to maximise their share of that market. I get a chance to watch TV as I am either working, betting or in the TGT chatbox but it seems to me whenever I turn on the TV there is a Bingo advertisment on, the other night Billies were advertising their Casino. In this country things are going to be fuelled now that Gambling can be advertised on TV etc. What's happened in the US probably won't help much though.
Urban Dictionary: gubbed
Originally Posted by munk