Simon Nott
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A Professional Punter Calls It Quits.
An open letter from professional punter Alan Potts outlining why he has decided to stop betting on-line and with telephone bookmakers.
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Pro punters (rightly) don't pay income tax, so they're no use to the Treasury and they have a negative overall impact on bookmaker profits, gross profits tax revenues and the Levy.
None of them wants a winner.
A P has never made anywhere like a million quid a year gambling. He is also an owner so is putting something back into the gameLet's be generous and say Alan P makes £1m per year betting.
If he's spreading his bets between three or four bookmakers he's hitting them for, on average, 250k-330k pa.
Bookies' profits are in the hundreds of millions pa so this is negligible. It makes it all the more gobsmacking that some bookies can restrict accounts when someone just manages to beat the SP on a few occasions.
I'd have thought knowing what he was backing would be worth the hit. They can use that info to go short on his selections.
A P has never made anywhere like a million quid a year gambling. He is also an owner so is putting something back into the game
Proper punting that: '1000/120 the 3 horse please'
Shame that these ersatz plastic notes inflicted on us are distinctly unfoldable and unthumbable![]()
If the return of Drone to TH is all that the upgrade delivers, it will have been worth it.This thread was also posted to TRF and Alan Potts, being a member there, has replied to say he's returned to betting on-course with king cash
Proper punting that: '1000/120 the 3 horse please'
Shame that these ersatz plastic notes inflicted on us are distinctly unfoldable and unthumbable![]()