Via Coinbase Pro: deposit BAT from Coinbase wallet; sell it for ETH, sell ETH for fiat.
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I heard that a friend of a friend used pay for tuition with poker money, I think that person had a rule to play late nights when others are drunk.
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I agree with Weenie, been Matched betting for over 4 years and made ÂŁ50k+. Best of all is that itâs all tax free so thereâs nothing to declare and thus, does not put you in an additional rate tax band. The downside is that itâs not passive. Itâs a lot of boring monotonous work, bet/freespins chasing, and multiple note-taking - coming back to check on your bets/extra places to log them on your spreadsheets. But I would say itâs worth it. My only regret is not doing it sooner 10 years ago when offers were much better. DM me if youâd like more info.
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Another hustle I did was Airbnb management in London. It was okay money but the amount of stress you experience in the hospitality business was a nightmare. I would not recommend it. Also there were too many expenses you had to pay: the cleaners, checkin/out greeters, laundrette/ironing services, Travel agent commissions, payment card services commissions, damages, unexpected large utility bills, etc.
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Another good hustle is joining platforms to tutor online. You can make decent money teaching English or Maths online and make a decent hourly rate all from the comfort of your home. Though again this is an active income and does require patience with the students sometimes!
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Plus, if youâre proficient in another language thatâs not so common, you can offer translation/transcription services which pays a decent hourly rate. Itâs not really a hard job if youâre a fast typer and the more you do it, the quicker you are the next time. This can be done at home at any time you want, as long as you meet the deadline.
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Lastly, a side hustle that I have just started a few months ago is selling stock drone footage. Whenever I travel with my drone I try to record some footage which I think will be good enough for people to buy, and earn royalties from that. This is semi-passive.
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I do think there is quite a lot poker can teach you about investing. Firstly in weighting the probability of outcomes and learning you can still lose on something that looks great. (Bet all your money on pocket aces you can still lose). There is quite a bit to learn about market physcology and indeed you own behaviour in various situations. Sizing of bets and indeed betting for information is also interesting (the later more for market making more than investing). Best to avoid the concept of âall inâ for investong though. Will end badly
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Agreed. Also I learned the importance of long-term thinking this way. In poker anyone can win in the short term, but only skilled people make make money in the long run, same with investing. You can hit it off with a random stock and make 200% return in one year. But if you donât know what you are doing you can lose all your money in the next year.
I got involved by converting my coins to BTC when it shot up and bought some more of my own. I managed the risk by transferring to Coinbase Pro where I could use stop losses - which triggered over the weekend for a small loss.
I think though the point Iâm making is that betting is gambling? I have no real concern with people doing it particularly as I do it myself, but a bet is a gamble and itâs not guaranteed. The bookie always wins in the end, donât kid yourself otherwise.
There is literally no gambling aspect to matched betting. The only way you can mess things up if is your calculator doesnât work. All emotion is taken out of it, unlike when youâre actually gambling.
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Irrespective of whatâs involved to place a bet is to take a gamble. Not my definition but based on how the word is referenced in a dictionary. A gamble is a bet as a bet is a gamble. And neither comes with guaranteed success otherwise it would be called something else surely?
The âmatchedâ part cancels out gambling aspect, regardless of the dictionary definition. Have you ever tried it? Iâd assume not, because youâd feel different about calling it gambling if you had (in my opinion).
Either way, itâs a great way to make some guaranteed profit (unless you miscalculate, then its your fault, not the bets fault), but as people have said, its a boring grind.
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I donât know anything about poker, but isnât it the case that even unskilled investors can make money in the long run with small amount of discipline? And at zero effort too!
Itâs not gambling but itâs not completely risk free. Accounts get locked/closed all the time when the bookmakers suspects you of matched betting, it can be a lot of hassle getting money back sometimes and throws a spanner in the whole thing.
Possibly - just talking from my own experience. 100% success rate, profit every single time. No accounts blocked etc. Iâm sure others have different experiences of course.
Havenât tried it, it sounds interesting certainly, but if its time consuming I might struggle as I have a kid on the way so time is not my own 
Sometimes they sleep. Not as often or for as long as youâd like, but it does occasionally happen
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Yes, I paraphrised that a little wrong. In investing you can make decent market returns even with little to no knowledge while you donât really have that in poker.
But still even ETF investors should know a thing or two about the markets and have some good self control. Even an ETF investor can lose a lot of money if he just panics during a crash and sell everything he owns for example.
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Investing is one of the few endeavours where additional knowledge and skill does NOT lead to higher performance.
In Fidelityâs study of investor performance over many years the highest performers were the dead clients, closely followed by those clients that had forgotten they had an account.
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Iâd love to find a citation for that report - plenty of people discuss it online (it was perhaps first mentioned by James OâShaughnessy on Barry Ritholzâs podcast) but I cannot find the actual report anywhere.
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Oh⌠or maybe it was an urban myth https://twitter.com/jposhaughnessy/status/1020286549961953281 . But regardless, less trading and more discipline does lead to better long-term results.
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