That's sort of the beauty of it, can pick yer own titles, I had these for a whileShaunWhite wrote: ↑Thu Dec 02, 2021 2:29 pmIt's the 3rd anniversary of this thread on Saturday.
Choosing a job title is harder than actually becoming whatever it is we became.
Professional trader?
Anyone using the term professional is usually doing it because they're selling something or other. I've made my living doing this for a fair few years but wouldn't ever dream of calling myself a 'pro' or 'professional' trader. The thought of referring to myself as a pro trader just makes me cringe. Anyone asks I usually say I make a living gambling, explaining sports trading to the uninitiated is a nightmare at the best of times and best avoided.
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Because it's still taboo that any lay about can make money from betting or trading. My wife is one of themSeth wrote: ↑Thu Dec 02, 2021 2:44 pmAnyone using the term professional is usually doing it because they're selling something or other. I've made my living doing this for a fair few years but wouldn't ever dream of calling myself a 'pro' or 'professional' trader. The thought of referring to myself as a pro trader just makes me cringe. Anyone asks I usually say I make a living gambling, explaining sports trading to the uninitiated is a nightmare at the best of times and best avoided.
Being a professional trader is similar to being a professional footballer. Your skill defines the level you’re playing at & the money you earn. There are traders that make 20k a year & ones that make 20k a week. Tom Pope is no less a professional than Ronaldo but by god they’re a world apart in ability and earnings.
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This job title malarkey is a pain in the ass. It's OK making stuff up in the pub but I've just spent 5mins explaining my 'job' to my solicitor only to be told it doesn't matter anyway its just for their files. So the business card reads..... "hmrc call it gambling but its just buying and selling risk like you do with shares but because I'm not working for a big company it doesn't even count as a proper job"
You can always fall back on Lister's job title in Red Dwarf, when asked for his occupation in court: Bum.ShaunWhite wrote: ↑Mon Mar 14, 2022 3:32 pmThis job title malarkey is a pain in the ass. It's OK making stuff up in the pub but I've just spent 5mins explaining my 'job' to my solicitor only to be told it doesn't matter anyway its just for their files. So the business card reads..... "hmrc call it gambling but its just buying and selling risk like you do with shares but because I'm not working for a big company it doesn't even count as a proper job"
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Refer to the official Betfair ranking scheme based on lifetime P&L
<£0: Keep Trying
£0-10k: Amateur Trader
+£10-100k: Intermediate Trader
+£100-250k: Professional Trader
+£250-1 million: Master Trader
+£1-5 million: Angel of Trading/Betting Angel
£5 million+: Mega Angel of Trading/Mega Betting Angel
£1 billion+: Berry/Badger Trading God
I found the simplest explanation is to say that you do some work with the odds on the Betfair website and they will either assume you work for BF or ask for more details, in which case you can say something along the lines of you update the odds when things change such as a jockey falling off a horse or a football team scoring a goal
<£0: Keep Trying
£0-10k: Amateur Trader
+£10-100k: Intermediate Trader
+£100-250k: Professional Trader
+£250-1 million: Master Trader
+£1-5 million: Angel of Trading/Betting Angel
£5 million+: Mega Angel of Trading/Mega Betting Angel
£1 billion+: Berry/Badger Trading God
I found the simplest explanation is to say that you do some work with the odds on the Betfair website and they will either assume you work for BF or ask for more details, in which case you can say something along the lines of you update the odds when things change such as a jockey falling off a horse or a football team scoring a goal
Close enough Alexalexmr2 wrote: ↑Tue Mar 15, 2022 12:35 amRefer to the official Betfair ranking scheme based on lifetime P&L
<£0: Keep Trying
£0-10k: Amateur Trader
+£10-100k: Intermediate Trader
+£100-250k: Professional Trader
+£250-1 million: Master Trader
+£1-5 million: Angel of Trading/Betting Angel
£5 million+: Mega Angel of Trading/Mega Betting Angel
£1 billion+: Berry/Old Centaur employee Trading God
I found the simplest explanation is to say that you do some work with the odds on the Betfair website and they will either assume you work for BF or ask for more details, in which case you can say something along the lines of you update the odds when things change such as a jockey falling off a horse or a football team scoring a goal
>£0: Pro Trader
-£0-10k: Unlucky Gambler
-£10-100k: Youtube Trader
-£100-250k: Unders Scalper
-£250-1 million: System Seller
-£1-5 million: Inplay Racing Trader
-£5 million+: The Bomber
-£1 billion+: Martingale Expert