Is there any skill to horse betting?

There was a successful horse racing bettor that said one big truth about betting on the races: you don’t need any skill to bet on horses, but you need plenty of skill to be a winner most of the time. Horse racing is about making the most of your return on investment. And to do that you have a lot of work to do.

Can you make a living off horse betting?

The Benefits of Being a Professional Horse Racing Gambler Horse racing is a great sport to get involved with. One huge benefit is that there is no such thing as an off-season, and with the exception of a handful of days, racing takes place every day.

Is it possible to be a professional gambler?

The short answer is yes, but becoming a professional gambler is neither easy nor without its financial perils. In fact, your desire to become a professional gambler must not precede your expertise in a certain realm of the gambling experience, whether this is video poker, sports betting, blackjack, or something else.

How much do pro gamblers make?

Professional Gambler Salary

	Annual Salary	Monthly Pay
Top Earners	$89,500	$7,458
75th Percentile	$58,500	$4,875
Average	$48,133	$4,011
25th Percentile	$27,000	$2,250

What is the best horse racing system?

The Dutching System For the mathematically inclined, one of the best horse racing betting system is the Dutching method. In a nutshell, this strategy basically ensures that when you bet on a selection of horses, you will make the same amount of money in each instance, regardless of the overall winner.

Why don’t professional horse betting gamblers talk about their wins?

That could potentially make the IRS come calling. Granted, this is unlikely to happen but it’s a chance that you do not have to take. Another reason that professional horse racing gamblers do not talk about the wins they achieve on the race track is to prevent other bettors, family, or friends hitting them up for money.

Is it possible to make a living gambling on horse races?

You can theoretically make a living gambling on horse races, but it is very hard and only a few people can manage do it. With the parimutuel system, it isn’t the same as poker – you’re betting against an entire market of other bettors, many of which will likely be a lot more sophisticated than you.

Should you be private about your horse racing betting?

Being private about your horse racing betting is just wise and good sense. It is your business and no one needs to know about it. On that subject of privacy we arrive at another way of betting on horses like a professional gambler – using cryptocurrency.

How did Alan Potts become a professional gambler?

At the age of just 14 Alan Potts started betting on horse racing and become a full time professional gambler after being made redundant from his office job in 1991. He has admitted it took him many years to become a regular winner and despite making an estimated £50,000 a year from betting in the past, he has also suffered losing runs.