Earnings from Arbing/Gambling / taxation

**Dopple** · 24/01/2012 08:37

I'm sure this has been discussed before but I've never really had to think about it until now.

I quiet my job a couple of years ago to do AB full time.
I put about half of my savings down as a deposit for a new house,
but at the time had quite a bit of money locked in U.S Sportsbooks.

Now, I'm starting to get money back in from Sportsbooks I no longer play at (or are gubbed at),
and also getting general earnings from ABing back to my Bank Card, Moneybookers etc..
So I now have spare money to put a way in fixed rate savings accounts or fill up my ISA for the next few years.

But I concerned that questions will be asked where the money is coming from.
I don't claim any benefits, and have no other income.
Should I just keep the money in Moneybookers, or UK bookmakers,
or use lump sums to pay off the mortgage, rather than opening savings accounts?

Opinions please.

**magnico** · 24/01/2012 09:15

Sounds like a good position to be in Dopple!

If the excess money is money your float can do without, I'd say paying anything you can off your mortgage would likely be your best bet.

If you could add it to your float, and generate a decent amount of extra Aping income from that, that might be the way to go, although I imagine your not really wanting to increase your betting activity given you're already doing this full time. Good luck with it!