I had an uncle who thought it was easy, he chucked in his job and started to bet full time using a similar idea.

His plan was to win $200 a day 6 days a week backing favs, his plan was to bet to prices to win his $200 plus losses for the day.

A day at Warwick Farm with no favs getting up wiped out his bank plus more took him a while to get another job.

I don't think he started with a large bank, i remember dad telling me the family lived the high life for a couple of months untill it all crashed then they were luck if they could afford the mortgage each month.

Don't get fooled before you start putting real cash down do some research and paper testing for 6 months, this goes for any method.