There is no where..., where the words "professional" and "gambler" are defined when the 2 sylables are combined to form; "Proffesional Gambler" (Definition).

There are opinions, but none accepted,approved and officially recognized by a reputed dictionary institution.

You either get definitions for "professional" and "gambler" separately, or an
opinion when those 2 words are combined when doing a search.

lol.

The best definition I know is that You are a professional gambler when the majority of your income comes from placing wagers on games of chance (skill based on luck based).

Something I read last night from a famous bookie suggested that there is no such thing as a professional gambler per se. But there are punters who have discovered how to get good value and who apply the concept on a regular basis. Would be the fundamental basis on what Don Scott was all about?

Would also suggest that bookies are all about providing poor value to the masses of uneducated punters, which is most of us!

LG

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The trick isn't finding profitable angles, it's finding ones you will bet through the ups and downs - UB

The above quote is not mine, I googled and found it on another forum, where a similar question was suggested.
It illustrates a scenario where a punter was asked how many days a week he is at the casino, he said almost every day, therefore considers himself a "professorial gambler". The twist is, the money used to bet with is inheritance money, possibly with enough money, so that when losing there is still more where it came from.

In my own experience, I met a punter, seemed he knew all about the racing game. He had a very smart looking car. So I asked him, specifically,
"did you buy that car by going to the TAB to withdraw actual winnings to purchase the car"? His reply was "No", he has a high roller job/business in a professional field and for tax purposes his nice looking car was on lease.

So to me the bench-mark is a few pages from the Pittsburgh Phill book, but he and a few others were rare and not of our time.

Is it the size of our bets,the money to pay bills and living derived exclusively and solely from the punt day in day out?
Is one who bets let's say once week more or less professional than the daily punter. Is winning constantly more professional than losing, but getting back in profit after a losing streak?
What is the benchmark or criteria?
Your car, your house, kids at private schools, or is it a double life where no one, not even your closest relative knows what you do?

take it from experience unless you are a licensed bookmaker its that

"is it a double life where no one, not even your closest relative knows what you do?"

IMHO.

I'm sure the Tax Office have a definition !!!

.

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"Keep yourself in the best of company & your horse in the worst" --Bart--

Yes indeed . The trick for the taxman would be to pocket some of the profits of the handful of big boys, whilst avoiding the millions of punters who make a loss every year. Might suggest that the concept of a professional punter is only ever debated in the courts and therefore cannot / does not 'exist' as a reality, elsewhere.

LG

__________________
The trick isn't finding profitable angles, it's finding ones you will bet through the ups and downs - UB