8 Top Tips for Becoming a Professional Gambler in Horse Racing, Poker and Other Sports

8 Top Tips for Becoming a Professional Gambler in Horse Racing, Poker and Other Sports

Most folk are under the impression 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 posh house for a few months rest, before having another gamble!!

I wish it was like that, but in legitimate life it is immensely 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 cosy life, do not take up gaming 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 undoubtedly lying just to get your funds.

When you see tipping advertisers stating things like "We made $26,000 to $100 stakes in the last 12 months", it looks sensational. However, they need to get your attention as a 1/8th ad in a paper costs around $500, and they need that money back before turning a profit. And how numerous average gamblers have $100 to bet, especially when you need a betting bank, and with $100 stakes, the cash you need before you even place one bet is around $3,500, any less and you can easily blow it all. Then divide the $26,000 by the $100 to work out how many points you make a year, and that is 260, then divide by 52 to see how many points profit a week, and that comes to 5pts a week. Wow!! If you are just starting off you are likely to only be using a realistic $5, so that is $25 a week average. That may not sound much but you have to learn to walk before you can run. If you cannot profit with 10c bets, how the hell will you profit with $100 bets?

Also think why quite a few tipsters advertise every day. This is because they have such a considerable turnover; they need to keep renewing the customer base. This does not always mean the tipster is rubbish, in various cases they may be profitable long term, but the average Joe Punter always wants profit NOW and every day, and average Joe points more than 5 points per week, whereas a full time professional would be happy with that.

If you are going to gamble to profit, then for the initial few months this should be your grooming were you will be doing a lot of work for little return, but you will also learn how to handle losing runs, how to cope with mistakes, and if it does all go incorrect and you lose the betting bank, you should have learnt a lot from it for as little loss as possible, as you should only ever bet what you can afford to lose, especially while proving to yourself you can profit. You may have a spare $10,000 available, but prove you can profit with a $1000 bank initial, and then add to the bank monthly.

So here are the 8 tips you need to learn, and stick to religiously if you want to stand a chance of ever making money from betting.

1. Patience: If you want big profits now, try the lottery. Building up you betting banks takes time a lot of time.

2. Betting Banks: If you do not have a betting bank to beginning with, and you are just betting from whatever is in your pocket, you will never make a profit. It is as simple as that. Most punters lie to themselves that they are breaking even. Do not do that, be truthful.

3. Staking: You see betting plans for sale on EBay, most of them may make you a few dollars quickly, but it is 100% guaranteed they will bust your bank as these are designed by amateurs who have no understanding of betting maths in the legitimate world. Always emergence with levels, if you cannot make hard cash with that simple staking plan you will not make funds with anything more complicated. Once you have proven over a few months you can turn a profit with level stakes, and then you can switch to each bet being between 1%-3% of the bank. Most professionals will beginning at 3%, but get it down to 1% as the bank grows.

4. Bank Management: Managing banks is not just staking, it also involves listing every bet on a spreadsheet so you can monitor things like average odds, strike rate, losing runs, etc. If you do not list every bet, you will have no idea where you stand, and no way of having data to look back and learn from.

5. Risk Management: Most people follow one tipster, or one system. This is usually suicide, you do not see the big boys in the city markets investing everything in one stock do you? No. They spread it around, and so should you. Use a number of systems, proven tipsters, method bets, etc. And ensure you have a separate betting bank for each (you can use the same betting account, as the spreadsheets you keep will advise you the amount which is in each bank).

6. Alcohol: NEVER drink while gaming, you will bet more than you should, you will bust banks, you will play bets you would never do when sober.

7. Forums: Join a forum where you can portion ideas, this can prove a powerful benefit, but make sure it is a decent one, and not full of idiots just spouting off how good they are!

8. Fun Bets: You are often told not to do any ‘fun bets’ if you pray to turn professional, but this will not happen, as it is hard to break old habits at maiden. The best way to treat fun bets is to handle them as you would any pro bets. Separate betting bank, list all bets, and it will not be long before you lose the bank and realise how wonderful your own tipping is!

This advice goes for betting in any country, on horseracing, greyhounds, soccer, NFL, poker, etc.

You can also find numerous free horseracing systems, staking systems, poker systems, on the web, ignore them, they are only free for a reason, as they lose money.

These days it is possible to receive horse racing software, poker software, etc that can assist you, they will only make you bankroll if you are already doing so, they just enhance your skills, not make them. Search the web for reviews on every product before parting with any money; ask people on forums which software is the best.

Watch the video related to horse racing

Help answer the question about horse racing

horse racing?
how do i get my dad back into horse racing he use 2for years make money go every where 4 horse races…my mother doesnt care much for that so i think when he met (she might have said something).her he stopped…he still had horses though 3 .when i wa about 7 .1 of them died (33years old….1 of our favorites,very brilliant and polite,friendly)them a couple years another died (32)and a year later the last one died from like i think food poisening.somebody left a note saying they fed him like wet food (i think it was cat food)(19) anyway about a year later 2005 he got me a mustang one thing led to another and we got rid of it (i didnt want to but had to)he keeps saying he'll get another horse/wants one but i doubt it and i want one that can race cause i love that kinds of stuff.i grew up with horses all my life so far and now cant stand not haveing one.i think partly the reason we dont have one yet has 2 do with the money . how can i get him back into doing this.i know he wants 2. steps

About Author

Keith Driscoll has been a professional gambler since the late nineties, and now runs many sites, forums and blogs as Managing Director of Win2Win Limited. You can visit my site at http://www.win2win.co.uk Free Horse Racing Tips

18 Responses to “8 Top Tips for Becoming a Professional Gambler in Horse Racing, Poker and Other Sports”

  1. champ0y says:

    You’re really good man. You’ve got excellent talent.

  2. Forbidia says:

    Brilliant Willy, Just Brilliant =D

  3. monkeymanbob says:

    Nice work, you did pretty good.

  4. avb17018411 says:

    woww that’s really relax and beatiful soung .good picture of jhony depp !

  5. superchode20164 says:

    amazing! Willy teach me how to paint like you!

  6. barrel racer says:

    As I always say, there's a village missing it's idiot somewhere and they can usually find them trolling on here. They think that if they repeatedly ask the same question and rave their PETA misinformation, that someone might actually end up agreeing with them. Let's hope not!

  7. Johnny Carnage says:

    Most owners actually don't make money racing.

    Only about 70% of all Thoroughbreds ever get to the races, and only about 55% of all Thoroughbreds ever win a race. It costs about $25,000, give or take a few thousand, to keep a horse in training for a year; more for the major racing centers like New York or Southern California, less for tracks away from the major population centers. roughly 10-15% of all Thoroughbreds earn enough money during the course of a year to cover their training expenses.

    Some owners can recover the residual value of their horse at the end of its racing career by selling, but most racehorses– particular male racehorses– have residual value that is low or even zero at the end of their racing careers.

    Basically, most people who are in racing are in it for the excitement, the fun, the competition; and the hope that maybe they'll be the one to strike it rich with a horse like Mine That Bird– or one of his relatives. It's the hope of getting that one special horse, plus the love of racing in general, that keeps people going.

  8. Faithless863 says:

    hm i couldn’t tell the difference between photograph and painting comparing the final resault.

    This is sick

  9. Richard says:

    I think this gives a good explanation of the definition of the various track conditions:

    http://www.ultimatecapper.com/track-conditions.htm

    That said, it's important to note that because there is no standard for track composition in terms of sand, silt, clay, loam, organic matter, and every track is different, each track plays differently. To cite one example, the track at Aqueduct has a high sand content because the dates run at Aqueduct are typically the wettest times of the year. So the track superintendent finds it beneficial to have a lot of sand in the track to assure fast drainage. The result is that when there has been a lot of rain, the main track at Aqueduct can be like a wet beach– it packs down and gets harder. You may get faster times on such a track than when the surface is rated "fast".

    Churchill Downs historically has had a high clay content in the track surface, with the result that the track can be very cuppy at best of times ("cuppy" means that when a horse strides on it, the hoofprint forms a "cup" on the surface of the track; it has depth, and it holds its shape rather than immediately crumbling) and can be really sticky and tiring when it gets wet.

    A lot depends, too, on how the track superintendent deals with rainfall. At Santa Anita and Hollywood Park in the pre-synthetic days, the superintendents had enough time in most cases to get out the heavy roller equipment and "seal" the track before rain came. Basically when they seal the track, they're rolling and compacting the surface so that instead of water penetrating and making the track muddy down deep, the water just runs off the surface and drains away. Of course, the problem with this is that even when they opened the track surface in preparation for the day's racing, there was some compaction and the track would tend to get harder. During some of our rare wet winters, the track superintendent would sometimes have to close the track to exercise in order to do deep harrowing and conditioning of the subsurface and base after the track had been repeatedly sealed.

    With synthetic surfaces, I think everyone, including the people who manufacture and install them, is still on a learning curve of what has to be done to keep the track consistant and safe in all kinds of weather.

    From a handicapping standpoint, the important thing to remember is that each track is unique, and that you have to become familiar with what the weather conditions do to the the individual track surface.

  10. warah110 says:

    Perfect.

  11. Christina says:

    http://www.xpressbet.com

    You have to sign up, but it's completely free. There's no fees for watching or betting. And they have like 60 tracks you can watch. It's a great service.

    Several tracks have their own broadcasts on their website, but xpressbet is great because you can get all the tracks in one place and place a bet if you'd like.

  12. mushy_69158 says:

    Its people like you, that pissin' an moanin', that ruin the world…………………..

  13. josejr226 says:

    You can go to the site for the Daily Racing Form at it should answer your questions also at any track the program will have instructions inside the cover explaining how to read the form and also how to make all wagers including the exotics.

  14. Totally Wizard says:

    Hi,
    A jockey has a very dangerous job, but a very important one. He must guide the horse in the correct way as to know how his horse runs, and performs during a race. It is his responsibility to get his horse in the correct position, and know how to guide him through traffic going at very high speeds while the rest of the field is fighting to do the same. Jockey error has played a huge roll in injuries to other jockey's and horses. The horse does the running, but it is up to the jockey to know how fast the horse runs, and when to ask the horse for his best without compromising. So the roll of a jockey is very important. Without a jockey it would be like racing a car with no driver. Hope this explains it to you.

  15. TheTroubadourMusic says:

    :O

    :O

    :O

    how is this not a real photo?

  16. lidiabarbarita says:

    Very nice!!

  17. connor_m_barr says:

    i don't like the gambling, the horse race is alright, mainly only good in the Kentucky Derby when you are really rooting for a horse to get the triple crown

  18. bc says:

    You need to go to a reputable trainer and tell him you're interested in buying a horse. Tell him how much you've got to spend and he'll do the rest. He might have a horse in his yard that's already for sale or he might go out and buy one for you.
    Don't go buying horses over the internet!

    The flat trainer Richard Hannon has had some good successes with cheaply bought horses in the past. He trains in Wiltshire.
    http://richardhannonracing.tv/

    Don't forget you'll have to contribute towards the horse's training expenses every week so the more people involved the cheaper it will be.

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