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FEB
10
Becoming a Professional Gambler
By:
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FEB
10
I found this article on Slipperytoad website, originally published by Punt.Com blog, and it makes fascinating if not a little pessimistic reading. Forums, blogs, bookies and betting websites are full of people dreaming of becoming professional gamblers. Being your own boss, working when you feel like it, playing online pokies australia, with the hope making loads of money and watching sports for a living is certainly appealing to most people. Let this post (and the rest of this blog) be a reality check. I see a lot of people giving up jobs to do this after a short time trading. They think it’s easy and straight forward, they think it will last forever… They haven’t thought it through. I’ve been a professional gambler now for over 3 1/2 years. Before that, I gambled for 2 years before I took the decision to do it. It was the biggest decision of my life, certainly not one I took lightly. Giving up a guaranteed income and job prospects to gamble w
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NOV
02
Professional Gamblers: Jack Ramsden
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NOV
02
Jack Ramsden quit his job as a stockbroker in 1980 and since then has had 13 consecutive winning years as a professional punter. His successful punting like so many other professional punters is based around speed figures and race times. He recently stated I cannot stress too strongly the importance of race times. They bind my whole approach together. There are fewer good times recorded over jumps but everyone seems to know about those horses and they are too short to back. Even cutting out the endless looking up of form books, I still spend two or three hours every day working out my bets. Jack continues, I'm constantly on the lookout for the 3/1 chance that starts at 8/1. There are 30 or 40 of them a year and they are there to be seen. At those prices, you don't have to be right all the time! His premise is that while a good horse is capable of doing a bad time, no bad horse is capable of doing a good time. He is unusual in that he has his own bookmaker, Colin Webster. T
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OCT
16
Ex-Gambler Turns Software Ace
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OCT
16
Like all successful businessmen, Yuchun Lee is passionate about his experience of making money. The 42-year-old Taiwanese-American gushes about "big players", "advanced techniques" and "ace tracking". None of these exotic terms relate to Unica, the software house based in Waltham, Massachusetts, that he founded in 1992. Mr Lee is reminiscing about gambling tactics and his time with the Amphibians, a gang of top-grade students and graduates from the Massachusetts Institute of Technology. The Amphibians took on casinos and other gambling dens using a disciplined mathematical model of card-counting to lower the odds in their favour. Today, their exploits form the backdrop for 21, the Hollywood movie starring Kevin Spacey and based on the book Bringing Down The House by Ben Mezrich. The card-counting technique works only in blackjack, where the player bets against the casino, hoping to be dealt cards that add up to 21. Covert activity Math
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NOV
23
The Opportunities of a Professional Gambler: Eddy Murray
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NOV
23
One year as a Professional Gambler 2004-2005 This is a post from Eddy Murray: This was my original post on the Betfair forum about my first year as a professional gambler. This article led Inside Edge magazine to get in touch with me, and my work for both Inside Edge magazine and The Sportsman newspaper stemmed from it. The first week of March last year I left work to go full time, and one year on, I'd like to put this thread up as perhaps some people may find it helpful. Being a gambler is not something I ever expected to become. The advent of the internet, and the exchanges, have changed my life (for now) dramatically. I still can't quite believe its been just twelve months, but I for one have a lot to thank Andrew Black and Ed Wray for. The twelve months started fairly badly after nearly being killed in a car crash in Puerto Del Carmen, Lanzarote. That was a bit of a disappointment. However, on return to the UK, I had two or three very successful months, until sudden
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AUG
10
How Gambling Killed Kenny Uston
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AUG
10
Ken Uston was a professional gambler with a love of blackjack. Born in New York in 1935, his mother a native of Austria and his father a Japanese migrant businessman. Uston went to Yale University at the age of 16, then studies an MBA at Harvard. He had varied jobs including Senior Vice President at the Pacific Stock Exchange. He enjoyed playing blackjack at weekends and read Thorp's Beat the Dealer becoming a genius card-counter. In 1983 Blackjack Forum interviewed Uston. He said he became fascinated by blackjack and its strategies after meeting professional gambler Al Francesco in a poker game. Francesco had launched the first ''big player'' type of blackjack card counting team and recruited Uston to be his main team player. A team of card counters would wait until a table became extremely positive and the ''big player'' would place big bets. Uston was promoted as the ''big player''. He later co-authored a book called The Big Player which effectively ba
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JUL
27
The Art of Winner Finding
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on
JUL
27
Another great article from the Horseracing Pro. Foreword by Bob. Here's another of Spy's inimitable views. When you read it take some of his modesty with a pinch of salt! He actually does very well with his betting and racing has provided him with a living for some 20 years now! But I absolutely agree with his fundamental point. One man on his own just hasn't the time or the ability to go through all the racing, form lines, videos and sift views from a stable of contacts in 24 hours. You need help. Help from experts. Expert form advice, expert race readers, and expert contacts. To do well in this business you would be well advised to do one of three things. Either •Build a team ◦ ... of form experts, race experts and contacts whose opinion you trust implicitly. This does NOT mean you will always be right no matter how good the team is. Apart from the normal good luck/bad luck in racing from time to time team members will fall for "put-aways" and be put away by c
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JUN
20
Sporty the tale of a professional gambler
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on
JUN
20
In memory of Sporty Jim. I found this article, which is a number of years old, but enjoyed the sentiment what this reader says about 'behind every username there is someone with a story to tell'. Well, this is his story. For me, this is what makes blogging so interesting: our ability to see through another's eyes. I hope you enjoy. On the buses Regulars on the Betfair football forum may recognise my name. It can be very lonely sitting on the computer all day, especially midweek, and I really enjoy the forum and the good banter you get there. I have also made some very good friends through the forum. One of the interesting things about the forum for me is the fact that behind every username there is someone with a story to tell, but for the vast majority, the story remains untold. I am pleased to take this opportunity to share my story with anyone who is interested – I hope that you enjoy it. I am 56 years of age, married for 27 years with 2 daughters.
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MAY
22
Bookies Glean Information From The Bets They Accept
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MAY
22
There is an old story of the punter who liked to back short-priced horses. He seemed to believe that the shorter the price, the more market confidence it carried; so, therefore, the bigger the certainty it was. He used to attend race meetings and had an entourage of different punters to place bets on his behalf. The story (not to be taken too literally) goes that one day he instructed his punter too, ‘Hurry up and take the 10/11 before if goes Evens,’ about a certain horse. Such thinking, if it ever existed in real life, has long been eclipsed by the value-seekers; those looking for odds they feel represent a cut above true odds. I have addressed this subject before; pointing out that Indefinite Odds as opposed to Absolute Odds [those that are incontrovertible], are based on opinion. As a result, it is very important that punters back horses they fancy rather than getting sucked into bets purely because of prices on offer. Overpriced horses are often overpriced
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NOV
14
Professional Gamblers: John Aspinall
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Unknown
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NOV
14
Aspinall's whole life was dangerous and controversial, and in the popular press there was much speculation that he had aided the disappearance of his gambling crony Lord Lucan. But by far the most important part of his career was his work with animals. He insisted on treating them not as beasts to be exhibited, but as friends to be pampered. He ensured that they should have adequate space to live in the same kind of groupings as in the wild, and took the greatest trouble to reproduce the variety of their natural diet. His gorillas, for example, were given all kinds of berries, and treats such as roast meat on Sundays and chocolate bars. "Aspers" himself, determined to annihilate the gulf between the species, delighted to romp with tigers and gorillas. His keepers, usually chosen without reference to qualifications, were encouraged to behave in a similar manner. In his book The Best of Friends (1976), Aspinall insisted on the individuality of animals:
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OCT
07
Wit and Wisdom of a Racecourse Gambler
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Unknown
on
OCT
07
This article was originally published on the superb Sippertoad website, which is well worth a visit. On the eve of St Valentine’s Day was held the February meeting of the Club, at the usual venue, Jury’s Kensington Hotel. The guest was sure to draw a big crowd, and he did. He was none other than the Professional punter Dave Nevison who, once upon a time, was himself a member of London Racing Club. In the chair was Nick Luck, but the Dave was so fluent that Nick did not have to work very hard on this occasion; he simply made a provocative introduction (he and Dave seem to know each other well) and Nevison was off. It was noticeable that many in the audience had equipped themselves with pen and paper to note all the money-making points to be learned; after which punting would be easy, but the reality is that nothing much changes. Most of those present probably know as much as Dave. The vital difference is in commitment, hard work and the taking of
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AUG
25
Professional Gamblers: Barney Curley
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AUG
25
Who is Barney Curley? Why is he so feared by bookmakers and one of the most is celebrated and respected punters in their field? The reason Barney Curley has been the annoyance of bookmakers and one of the most renowned punters of modern times can be traced back to a night at a Belfast race track over forty years ago. Barney's father, a grocer by trade, decided to take a gamble. He bet and bet big on one of his own dogs. During the race, the dog fell and broke his neck at the first bend. The sight of his dad walking back up the track, cradling the dead dog, has haunted Barney ever since. The consequences were devastating, yet would be the backbone of the driving force in Curley becoming in a league of his own where punters are concerned. Curley's father, Curley senior, took Barney, the oldest of six siblings, out of school and sentenced him to 15 months of working double shifts at the plastics factory in Manchester. The two Curley's stayed in Manchester working until enough w
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AUG
14
Kid Delicious: Pool Hustler
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Unknown
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AUG
14
When cleaning a pool table, you have to go with the grain - follow the weave of the felt so it doesn't disturb the natural pattern in the swath. Lightly brush across the surface, do not put too much pressure or you'll rip the felt. Hustling pool is pretty much the same process - go with the flow, follow a pattern, inconspicuously sweep the room, don't force it, let the mark come to you and don't get ripped off. It's hard to be a modern day pool hustler, what with movies, books and the Internet always leaking tricks of the trade. It takes a creative hustler to make a living at it anymore. That is exactly what Danny Basavich was - a creative hustler who used improvisation and quick thinking to hustle. Basavich is a legend known in billiards circuits as Kid Delicious - a man who traveled the U.S. and parts of Canada, sharking the local talent - including an alleged $5,000 take right here in Myrtle Beach - for a half a million dollars in a little more than 5 years. On Saturday, Kid D
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OCT
16
Getting Bets On
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OCT
16
Another fascinating article from the Horse Racing Pro. Okay, the title is already somewhat misleading! We have covered many of the aspects of actually identifying the sort of horse that is liable to make you money. This time I am addressing a persistent problem for the successful or semi-successful punter: that of actually placing bets. Before launching in to the rights and wrongs of the uneasy game of financial chess played between bookmakers and punters, a thorough grounding in debate, or arguing if I am truthful, dictates I ought to present both sides of the argument. Perhaps we can look at the punter’s case first. He contends that bookmakers invite bets by pricing up horses and if they are incorrect, it is his prerogative to revise his betting accordingly. Therefore, when the bookmaker offers 8/1 about a horse he priced the night before and the going has altered, or there is a noticeable change in draw bias, the punter bemoans the fact he cannot avail himself of t
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OCT
03
8 Top Tips for Becoming a Professional Gambler by Keith Driscoll
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OCT
03
Most folk are under the assumption that professional gamblers have one bet, play one game of poker, or most other form of betting, and then collect the winnings and go back to their castle in the country for a few months rest, before having another gamble!! I wish it was like that, but in legitimate life it is vastly different. I personally work 10-12 hours a day, 360 days a year, and still do a bit on the days off, including Christmas day. When you see professional poker players they are spending 3-5 days at a table in a tournament every week, sometimes sitting for 12 hours, and when they are not doing that, they are at home playing poker on the computer. So if you are looking for a relaxing life, do not take up gambling as a profession. Yes it can pay well, very well, but you need to put in a lot of work, and it can be 2-3 years before you are making any meaningful money. Anyone who tells you otherwise is in all likelihood lying just to receive your hard cash. When you see tippin
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JUL
02
Professional Gamblers: The Computer Group
By:
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JUL
02
He was in the bed sleeping when the two men walked into his bedroom. Billy Walters sleeps in a big clean bed in Las Vegas, in a small but elaborate home renovated to his liking, with palm trees and white flowerpots and two satellite dishes in the yard, and four large televisions in the den, and a security guard who sits just out of sight behind the shrubs across the street. This environment was disrupted early last January 5th when the two strangers introduced themselves to Billy Walters with all the subtlety of an alarm clock. He greeted them by sitting up in the bed, blinking. His wife wasn't in the bed with him. They already had her, probably. "You're going to have to get dressed," one man said. Billy Walters reached down for the pile of wrinkled clothes he had worn the night before. The room was quiet. The men watched him dress. "We don't like to have to do this to you," the other man said. His wife Susan was downstairs with a third man
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DEC
21
Betting Tips from Professional Gamblers like Dave Nevison
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DEC
21
Professional gambling. Plenty of everyday punters would love to give it a go. In fact, it's a subject matter which captures the imagination of many gamblers who fancy they can beat their bookie. High-Class Equine has many a varied professional gambler stories. You can read highlights here with this article: Top 10 Professional Gamblers in the UK. But what are we to make of these pro gamblers? I read an article mentioning Harry Findlay who was very much in the limelight not so many years ago. He was a larger than life character and big gambler. Was he an investor? Well, he was declared bankrupt in 2013. So, perhaps, that answered its own question. We have seen gamblers who clearly made a lot of money within their expertise. I'm sure readers will remember Terry Ramsden. A man from very humble beginnings who became a multi-millionaire with his company Glen International. When his Japanese stocks crashed and his betting losses were totaled there were f
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JUL
17
Professional Gambler Series: Dave Nevison
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on
JUL
17
Punter makes easy money the hard way There are barristers and stockbrokers who are neighbours to Dave Nevison and even a woman four doors down called Gloria Hunniford who has made a career out of sitting on sofas. But when Nevison himself emerges from his Sevenoaks home each morning he is embarking on a quite different business. He is going to the racecourse to make money. There are barristers and stockbrokers who are neighbours to Dave Nevison and even a woman four doors down called Gloria Hunniford who has made a career out of sitting on sofas. But when Nevison himself emerges from his Sevenoaks home each morning he is embarking on a quite different business. He is going to the racecourse to make money. Of the dozen or so men countrywide who are thought to make a career out of backing racehorses Nevison, at 38, is just about the newest on the block. Along with the Runyonesque pairing of Eddie "The Shoe" Fremantle and "Beardy" Alan, his is now one of
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MAY
28
The Shadow: a gambler's tale
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on
MAY
28
I found this old posting from 22nd May, 2008. It gives a fascinating insight about some of the UK's most influential gamblers: their character, speciality, wagers and trials and tribulations. Great racing days stick in the memory usually because great bets were struck and won or lost and that in turn starts me off recalling all the great gamblers I have known over the years. Some of the big pro gamblers I have only known casually but others have been close personal friends. The heaviest gambler I have met is probably J P McManus but I have only known him just enough to be on nodding terms and because so many of his huge punts have been very secret the buzz of seeing him in action scaring the pants off the bookies was not as high profile as most of the others of his kind. Much more high profile was Alec Bird whose speciality was place only betting. His standard bet was two hundred grand place only on a red hot favourite. He would be quite happy with a ten percent return
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FEB
10
A Random Professional Gambler's Story
By:
Unknown
on
FEB
10
The first week of March last year I left work to go full time, and one year on, I’d like to put this thread up as perhaps some people may find it helpful. Being a gambler is not something I ever expected to become. The advent of the Internet, and the exchanges, have changed my life (for now) dramatically. I still can’t quite believe its been just twelve months, but I for one have a lot to thank Andrew Black and Ed Wray for. The twelve months started fairly badly after nearly being killed in a car crash in Puerto Del Carmen, Lanzarote. That was a bit of a disappointment. However, on return to the UK, I had two or three very successful months, until suddenly I was hit by a double whammy. I had originally been winning on three different types of market, and suddenly overnight became a big loser on two of them. At the same time I had been guilty of expanding my own lifestyle and expectations (in a very human, but perhaps unwise way), and had also spent a third of my
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OCT
26
The Tortured Champion: A Professional Gambler From the Age Of 14!
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Unknown
on
OCT
26
They called him The Tortured Champion: Stuart Errol ''Stu'' Ungar. He who was born in New York City and raised on the city's Lower East Side, became a professional gambler at age 14, a year after his father, who was a bookmaker and bar operator, had died. Stu was an incredible gin rummy player. At age 10 in '63, he won his first gin rummy tournament in a Catskill Mountain Resort while vacationing with his parents. At age 14, he was regularly playing and beating the best players in New York. At 15 he dropped out of school when a well known bookie staked Stu to the $500 buy-in in a big gin rummy tournament. Stu won the $10,000 first prize without ever loosing a hand, a record still held in the card rooms of New York City. A week later, after giving his parents $1,000, he lost the rest on horses at the Aqueduct racetrack. It was a sign of things to come. Ungar moved to Miami where the juiciest Gin games were. He did well but his weakness for sports and track betting draine
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OCT
03
Professional Gamblers: Sidney Harris
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Unknown
on
OCT
03
Who is Sidney Harris? He is a famous punter that became interested in horses in his mid-forties. Sidney Harris was a stock market trader before he became a professional punter. Sidney made his largest gamble on Black Monday. The 19th of October 1987. As the financial advisors' sat stunned unable to move watching their VDU screens losing their fortunes, Sidney had a lunchtime bet that the market would continue to fall and the public would continue to panic. That day Sidney netted over £60,000. He was one of the few individuals that were able to see a chance for profit from very adverse circumstances.Since his retirement from stocks he has since retiring from the Stock Market, Sidney has dedicated his life and time to horse racing. Sidney has also developed some remarkably good associates. When Sidney wrote his book, 'Horse Racing, The Essential Guide To Backing Winners', he had been a professional gambler for seven years. He recalled how he became a professional punter on the 2
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JUL
02
Meet the 9 - 5 Gamblers
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Unknown
on
JUL
02
An old story originally published in BBC News Magazine by Denis Winterman, 2005. Forget those ideas about card sharps and hustlers, a new breed of white-collar gambler is using statistics and the power of the internet to turn a profit. Welcome to gambling as a career option. Despite the stereotypes of smoke-filled betting shops and glitzy Mayfair casinos, gambling is not what it once was. The abolition of betting tax for punters in 2001 and the growth of internet gambling have revolutionised the industry and opened the door to a new breed of gambler, who is choosing it as a career. Matthew Benham, managing director of Smartodds, had placed just a handful of bets in his life before he became a professional gambler last year. He was a City trader for eight years before setting up his company, which bets exclusively on football. Suspicion The 36-year-old employs 13 full-time staff, mainly made up of mathematicians and statisticians. He also has 25 part-time employe
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JUN
03
Another gambler's tale...Story of my (Gambling) Life!
By:
Unknown
on
JUN
03
This is quite an old post (Thursday, 08 November 2007 09:14) which I found on the net but it shows how this individual gambler diversified over the years - attaining considerable success after a number of disappointments. My name is Jim Makos and I am a professional gambler since 2003. I played at the casinos' blackjack tables for a year and during the following 2.5 years I have been a Betfair trader trading the odds in the UK Horse Racing markets. Nowadays I'm playing online poker. Apart from online gambling, I also write about online poker and trading for the Betfair's Greek Blog and own various websites. During my first year playing Blackjack in the casinos, I made €10,000 in a month. During my first year trading in Betfair's UK Horse Racing markets I made almost €100,000. Nowadays, I'm trying to make €1,000,000 playing online Hold'em poker. Seems that I got your attention, right? Here are more details about my life as a professional gambler
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FEB
22
Make a Living Betting the Games - Not Just Selling His Picks
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Unknown
on
FEB
22
It was surely the most successful financial portfolio that never graced the covers of those glossy money magazines touting "the year's hottest funds." It achieved a phenomenal rate of growth, awarding its admittedly select clientele a return of 10 times the original investment in a year. It ended without fanfare this month, officially dissolved during a meeting "at a tawdry, nondescript restaurant on West Sahara," according to its de facto junior partner. Farewell, "Fezzdaq." A year ago the one-name Las Vegas professional gambler Fezzik teamed up with Jeff Jones of Henderson, a part-time bettor and full-time skeptic, to form a small sports betting fund seeded with an initial bankroll of $1,000. Loosely based on Dallas Mavericks owner Mark Cuban's proposal for a "gambling hedge fund," the Fezzdaq would be devoted to sports wagers made at the most advantageous point spreads - often called "rogue," or off-market, betting lines.
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