28th February 2012, 11:28 AM
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Member
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Join Date: Jan 1970
Posts: 4,429
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Quote:
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Originally Posted by Vortech
In order to make money betting on horses, you must either have information that is not being used by the betting public, or you must have a superior ability to process the information that is public
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That's an extremely good summary of it.
Quote:
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Originally Posted by Vortech
In reality long-term if you put many hours into the horses you can make 5-10% POT. Its the fun element that keeps us coming back otherwise you might as well buy an investment property.
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Not entirely agreeing here. You can't buy an investment property with $1,000.
Make that into turnover of $500,000.
If POT was only 5% = $25,000 profit.
$1,000 becomes $26,000, the following year, etc etc etc.
No investment property is going to reap those kind of rewards with such small capital.
This is what brings me to this game......and of course the love of the spectacle that is racing.  |