Except for Arbitrage punters on Betfair [investors really, not gamblers] and money launderers, you'll probably find punters who make some big bucks in Oz, turnover nowhere near the amount your talking about and don't grind out a small weekly percentage. Hitting enough horses a year with very good odds is probably the real gravy train [it was right up to about 1990] and to do that, unless they are exceptional handicappers, they probably get some very good and paid for by percentage or kickback ....'advice' ;-)

PS. The Iceman's tips in HK had a 51% SR. Tips certainly worth paying for?

I read a story in the Age on Sat. about the corruption in the racing industry over the years. One example was about a small field of Jockies in a race just after the jump: 'Right boys, I hope everyone remembers the plan in this?' yells the senior Jock. The 4kg. claiming apprentice on a real roughy, pipes up: "What plan, I don't know what to do'? The senior jockies yells across to him: 'You just go like the clappers mate after the turn, your on the winner'!