Hi Darky,

The quick answer is no, you don't need that much. But you would need to have a decent bank. It's more about turning the bank over, that generates the required money without having (wasting) a large sum on standby.

In fact the greater the turnover the smaller the bank reserve needs to be, if you have 75 'carefully crafted' selections per year then yes you need to bet in high thousands to make a profit providing that what you are betting on is actually profitable to begin with. If you are having 3 or so bets a day then the turn over ensures that the bets size can remain relatively small, this is then manageable in terms of actually getting on and getting through bad patches quickly.

Outside of that; proportional staking is the hallmark of a professional punter, betting to collect more on horses with a greater chance of winning makes sense and it also increases the turnover.

What most people assume is that a professional punter is someone that lays thousands on the line with each bet .... you know the usual stereotype. Sure punters like that do exist .... BUT

In reality there are many professional punters that only bet in hundreds and low thousands. Really anyone can become a professional punter. All you need is a profitable method; you also need to know the risks involved and then you just need the turnover, consistency in application, discipline, ability to obtain at least a reasonable dividend and record keeping. Also having a realistic expectation helps, if you are willing to risk a $100 then your reward will still be proportionally the same as the person that risks $100,000 but wont be the same in terms of real dollars.

You can start doing all of the above with just a $10 bet and only betting in your spare time! Then once the basics are mastered the bets go up naturally, with much less stress because you win the bank and hone your skills at the same time. Then betting with a $100,000 bank wont seem such an scary task. If you can't manage a $10 bet then you most certainly wont manage a $1000 bet. The problem is that most people don't do any of this and then wonder why they are hunting for the next grail every month!

Kind regards

__________________
Michal - Ratings2Win Pty Ltd
R2W Axis - Axis is Australia's leading horse racing software and database;
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http://www.ratings2win.com.au/