My plays for tommorw....

[-BT-]

Originally Posted by Antitrust32

I am 24 years old, been involved with the sport since I was 12, worked for various trainers, racing organizations, and make my living now in the horse racing biz. I also went to college and graduated with a degree in the horse racing biz from the U of A. My mentor also has bred many champion horses and has held very high positions in the industry and he tries to teach me as much as he can about the game. I believe I very much understand the horse biz (including the breeding), its just that betting isnt my thing... I make money off the people who bet.

Please dont tell me you have to be a certain age to understand horse racing.

Also, Nobody who gambles makes money. period. doesnt matter if you are 24 44 or 84. A few people who make intelligent CALCULATED risks (Crist, etc.)make a living betting horses. That is different than gambling.

IMO "CALCULATED RISKS" and gambling are the same thing, your still partipating in a game/pool of chance happenings. You can't be a Calculated risk taker and not be a "gambler", if you were then you should have the greatest mythical bankroll in the business. Don't want to step on anyones toe's but that's just my 2 cents..... and i'm 25

-bt-

[Grits]

I agree with what you are saying. By definition the two are one in the same. And it doesn't matter whether all of your dollars are being co-mingled everyday with the NYSE or through the wagering pools of your favorite racetrack. It is all gambling.

Some are better risk takers than others, though in living each day, one has to know when to use speed, and when to apply the brakes.

If you have no ability to slow and apply the brakes, you'll live your entire life from hand to mouth, trying to keep something in the account, hoping you end each month--with more money than month.

Many do not, they spend most of their time one step ahead of their creditors, never able to achieve beyond their addiction. There has to be a degree of moderation in any endeavor where gambling is key. It's hard to accept, but I believe it true.

Originally Posted by -BT-

IMO "CALCULATED RISKS" and gambling are the same thing, your still partipating in a game/pool of chance happenings. You can't be a Calculated risk taker and not be a "gambler",
-bt-

[Antitrust32]

by definition the two are the same. but they are not the same. people who truely understand the calculated risks, the percentages and how to correctly use all the information make a living in the pari-mutuel game. i am def not one of those people. but I just use betting as a form of entertainment when I am at the track. there are very few people that do it right. and I'm not talking about people who just come out ahead for the year or make a 10,000 profit for the year. I am talking about people who make a substantial living through wagering on horses. there is a difference between those few individuals and people who just gamble.