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Professional Gambling

Discussion in 'BlackHat Lounge' started by Windmill, Jul 11, 2011.

  1. Windmill

    Windmill Supreme Member

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    Occupation:
    IM all the way.
    So I have a friend who is incredible at "gambling" on sports teams. He can turn 200 euros into 700 euros in a month.

    I want to help him turn this into a career. Besides gambling for himself, I'm thinking of a business where he gambles for other people. Someone gives him 200 euros, he makes his 500 euro profit and takes a 20% cut. His clients then take 200 for spending money and reinvest another 200. He will then turn that 400 euros into 1400, and so on.

    Does this sort of gambling have a legit name? Anyone know what its called, and how to get into this LEGALLY? We have a lawyer ready to draw up a contract to cover any potential loses. This is gambling ter all. Like with the stocks, sometimes you can lose money.

    Also, if anyone is actually interested in this, feel free to PM me, I'll hook you up :D
     
  2. t0mmy

    t0mmy Moderator Staff Member Moderator Jr. VIP

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    "professional gambling" is the term, but remember the bookie always wins eventually, nothing is 100% with betting, and i know from a lot of experience
     
  3. damage83

    damage83 Junior Member

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    I dont really agree with the term bookie always wins because there are a very small percentage of professionals with vast knowledge and discipline that can make a living.

    However if he is that good then why would he need to gamble with other peoples money? If he is that consistent and compounded his winnings then after 6 months he would have £367,653 which to me sounds like he is telling porkies and probably looking to rip people off.
     
  4. damage83

    damage83 Junior Member

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    damn I only just realized how old this post is lol
     
  5. steelballs

    steelballs BANNED BANNED

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    Well summarized after all when did you ever see a poor bookmaker and/or casino owner operator...
     
  6. JohnSimpson

    JohnSimpson Newbie

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    Surely he would be better just selling his tips?