Lets say I had £14,000 and gave myself 8 hours a day to just find 1win that's 400 units a day. A system that hasn't lost in 419 spins abused(virtual wins)
The big boys in wall street bet millions so why does the gambling community always talk pussy numbers and expect to get rich?
If someone in wall street lost 14,000 they'll laugh it's nothing to them yet if I lose 350 units its gut wrenching. If you want to be a big player you have to act like it because eventually when you become a pro gambler you will be playing huge stakes which means you have to man up when huge losses happen. If you can't handle it get out. unless you are just doing it for fun of course ! :)
My advice is figure out a system that's extremely safe but only worth if you bet really high then pitch to an investor who can afford to lose it. That's how you'll become rich. If I done my same system betting 175 units and walk away after one win that would be 5 units a day. You get it now?
I've been backed, I done the pitch now I have a month to prove it works everyday so wish me luck! I aim for 4 wins a day spread out 6 hours which will make my backer and I 240 units per day. Safest way.
IF this does't work out I am moving on as I believe there are much easier ways to make money I approached this thinking it was easy because I knew someone who made 225,000 in 3 months.
It was one hell of a journey though I wouldn't take it back. I'm down £2500 in 8 months O0 I have tried so many different systems but one thing I didn't pay attention to was mentality. It's as important it's not just about having a great system it's the person who's playing it.
Quote from: Tagu1 on Dec 11, 07:42 PM 2017
The big boys in wall street bet millions so why does the gambling community always talk pussy numbers and expect to get rich?
Haha
Billionaires in this industry don't think about systems. They think about casino licensing, jurisdictions and expansion.
You can do very well with a good system. But getting to billions isn't going to happen. And millions usually only happens with high stakes.
If someone in wall street lost 14,000 they'll laugh it's nothing to them yet if I lose 350 units its gut wrenching. If you want to be a big player you have to act like it
Losing one penny hurts.
Look into bots if you have a solid system. That way you can free up your time for other pursuits.
There is money in the stock market but you have to form a corporation so the capital gains taxes don't eat you alive.
Best advice I can give is Proverbs 13:11 Money that comes easily
disappears quickly, but money that is gathered little by little will grow.
Quote from: Proofreaders2000 on Dec 12, 08:54 PM 2017There is money in the stock market but you have to form a corporation so the capital gains taxes don't eat you alive.
Capital gains tax (and stamp duty) makes it much harder for ordinary people to become wealthy. In Australia its half of your profit, unless you hold the asset over 12 months in which case you can halve the tax from about 50% to about 23% (excludes corporations). A good accountant can make a very big difference because they let you know about important points. A bad accountant will just file paperwork. There are good and bad points using a corporation.
If you are minimizing capital gains on property, then live in it for a while. It can make a huge difference. You'll generally save $50k+ in tax per house.