What does it take to make a living at punting?

[SCUDSBROTHER]

You need to get paid well when you are correct.Getting paid well for it is very difficult.So,these exchanges(that allow players to cut the juice to a minimum)would be the way to go.If a horse pays $6.00 to win at the track,you need to find a way to get atleast $7.00 for it(minimum.)The best exchanges are in Europe.I play TVG,because I want to help pay the purse money etc.,and I am a horizontal player(and don't trust some of these rebate sites to pay when... for instance,last year, I won a $5800 on a pick 3 that I only put $16 into...that would have been a nightmare to get a rebate site to pay up.)Lets say you play just one bet a week.You isolate some horse that pays $6.00 to win at the track.You put 2K on it to win.If you play it at the track,you make 4k.If you play it at a rebate site,you get what? 4k + 7% of 2K bet($140)=$4,140 profit.This is not enough to make a living.To make a living,you need to find an exchange,and get that profit(for this 1 weekly bet) to the 5k range.That means getting your $2 payoff to $7(atleast) while others get $6.00.

Profit at track=$4,000

Profit at rebate site=$4,140

Profit at an exchange(if you get a $7 payoff on a track 2-1 shot)=$5k

You need to get paid more(while taking the same risk of losing that somebody betting track odds takes.)