Make A Living Betting Horses?

[hockey2315]

Originally Posted by DaHoss9698

Many professionals would disagree with this.

What the poster is trying to say is that pros are not gamblers because gambling relies strictly on luck. . . No professional horseplayer would consider themselves a gambler because they rely on edge and skill rather than randomness. . .

[hockey2315]

Originally Posted by DaHoss9698

You took all of that out of that sentence. Wow. I also disagree with what you are saying.

Most pros wouldn't. . . I can quote "Six Secrets of Successful Bettors" if you'd like. . .

[Slewbopper]

I know of at least one and maybe two on this board that make a living at it. Obviously they don't wish to chime in. I think I could do it being very good with numbers, but I don't wish to spend 16 hours a day every day trying. You can't treat handicapping as a second job.

[ELA]

Without offending professionals, I think this debate is merely a matter of semantics.

Eric

[hockey2315]

Originally Posted by DaHoss9698

I'm still wondering how you got a paragraph description out of a one sentence answer.

What else could he/she have been saying?

[Scav]

Originally Posted by DaHoss9698

You can quote whatever you'd like, or give it whatever name you'd like. A professional horseplayer makes a living gambling. Hence, they are a gambler. I'm still wondering how you got a paragraph description out of a one sentence answer. You're pretty good. Let's see if you can guess the number I am thinking of. 3 guesses. Go.

rephrase, A professional horseplayer makes a living investing.

What is the difference between a stock trader (buying and selling shares in a company) and a professional horse player (buying shares in a horse for 1-2 minutes)?

[Scav]

Originally Posted by DaHoss9698

You're kidding right? I know saying you are a gambler may be taboo or whatever, but we all gamble. Period.

WE all gamble, the professionals invest.

There is a difference between gambling and investing.

When I gamble, I am pissing money away for the juice and capping with 2mtp

When I invest, I carefully calculate my risk and plan out my attack, sometimes 3-4 days in advance.

Like today until Saturday night, it is investing time. I have 6 plays that I am dropping a dime on each of them. If I hit 3 of them I will be even, if I hit 5 of them I will turn 6k into about 16k....PARTY TIME HOSS, PARTY TIME

[Payson Dave]

Are day traders in the stock market investors or are they gamblers???

Me thinks they are at least partly gamblers...as imho is anyone who tries to make a living playing the ponies...

[Riot]

Originally Posted by Cardus

Anyone know the going rate, so to speak, for how much a professional horseplayer pushes through the windows each year?

I know this dude whom a mutual friend introduced to Charlie Heyward at a NYC OTB/restaurant, and he is talking about takeout with Charlie and says, " I wager about 12 million a year..."

Holy sh-t! My jaw hit the floor.

I think I'd have to push at least half a million through the windows a year, to make 100K

[GPK]

Originally Posted by Riot

I think I'd have to push at least half a million through the windows a year, to make 100K

If I had a 1/2 million to push through the windows, I wouldnt need to bet the horses.

[Riot]

I'd pursue my dream of following the pro-golf tour year-round ....

[SlewsMyHero]

In my 25+ years playing, I have only known 2 professionals that made money consistently. I use the term professional, since this was their only source of income. Many "professionals" have other sources of income, these 2 didn't. They had very different styles of play. One was a straight better. $1000 win, $2000 place on short price favorites. I don't know how he did it, but he had a sixth sense for when the chalk would get beat. He would go to the window and come back and say, "I changed my mind and didn't bet" and the 3/5 shot would run 3rd. Sometimes he would bet as much as $2500 win, $5000 place. He always doubled up on the place. If he got beat and got a $3.00 place price, he broke even. He would go several days without making a bet sometimes. He was very patient, but he won.

The other guy was well connected. He was formally in the harness racing business, and knew trainers, jockeys and owners from all over the country. He bet strictly on information. He made some huge scores.

[JJP]

Originally Posted by Riot

I think I'd have to push at least half a million through the windows a year, to make 100K

If you could get a 20% ROI without a rebate, you'd be crazy NOT to be betting full time.

[MISTERGEE]

rebates are available at about 15%, at a half mill a year in action if you could break even capping you would net $75k.