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  #1  
Old 16th March 2013, 12:46 AM
Puntz Puntz is offline
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Default "Proffesional Gambler" (Definition)

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.
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  #2  
Old 16th March 2013, 05:56 AM
UselessBettor UselessBettor is offline
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Quote:
Originally Posted by Puntz
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).
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  #3  
Old 16th March 2013, 07:34 AM
Lord Greystoke Lord Greystoke is offline
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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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Last edited by Lord Greystoke : 16th March 2013 at 07:38 AM.
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  #4  
Old 16th March 2013, 11:15 AM
Puntz Puntz is offline
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Quote:
When you can support your lifestyle off gambling. Since his lifestyle is being supported by a inheritance he isnt a professional gambler. If for instance you ate top ramon everyday and rented a room for $100 a month and you only made 2,000 a year gambling you could say you were a professional gambler. Whereas if you made 6 figures gambling but you made 7 figures working for a company i wouldnt consider you a professional gambler if you couldnt support your lifestyle off of the 6 figure gambling salary.


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?
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  #5  
Old 17th March 2013, 05:50 AM
aussielongboat aussielongboat is offline
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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.
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  #6  
Old 17th March 2013, 02:32 PM
OM SHARNTEE OM SHARNTEE is offline
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Quote:
Originally Posted by Puntz
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.
I'm sure the Tax Office have a definition !!!

.
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  #7  
Old 17th March 2013, 02:38 PM
Lord Greystoke Lord Greystoke is offline
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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
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Last edited by Lord Greystoke : 17th March 2013 at 02:45 PM.
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