i agree with everything you have said bar the first point.
i personally know of someone who has made an absolute killing from the punt and has gone from nothing to having a bank i would never see in my lifetime. although it would be extremely rare it has certainly been done, and im guessing more than once.

1. So called big money "professonal punters" really are not. They are men propped up by money from their buisnesses, inheritence or high incomes, or from stake money hits from horses they own.
In essence they are big money gamblers, not pro punters.
They all have one major thing in common.....they did not get their money from the punt, and if they had to start from scratch and punt up a liveable betting bank they would soon starve!


Agreed. Usually they started with big money and know how to handle it.
So, although they are now pro, started with a big bank behind them.


2. It is a falacy that a massive turnover is needed to show profit over time.
This is for men who have that poor of a selection and staking method, that a very large turnover of money is needed to capitalize on a very skinny profit margin. In reality these type of punters last only as long as other money (or imagination) is proping it up.


Agreed. In fact there are many different strategies to pro punting. Some have very high turnover (volume of bets), but the most common is very few targetted bets. It's very hard to have a high volume of bets in a negative market and come out in front. Exotic punters are the only real exception, but then they must have a massive bank behind them to endure the losses.


3. It's quite false that a very high starting bank of $10,000 to $30,000 or more is needed to start a betting bank off. And false also is the thinking that the bank must be turned over and over like it was inside a washing machine.
The fact is a betting bank must be protected from heavy turnover!


This is where I disagree to a certain extent. One can start small and build it up, but if one wants to start making a steady income to cover the bills etc, there's no way a $4,000 bank will cut the mustard to provide a liveable income. Even if one was lucky enough to get 20% POT per month, and it's not going to happen every month, that's only $800 per month utilizing the full $4,000, one bad month and bang! One must be able to cater for long runs of outs and that run depends on strike rate. I agree with your point on turnover in relation to straight out betting, exotics are a little different.


Here is another fact, if the average man clears $30,000 a year in his regular employment, then to match that in punting earnings, he can start off with a bank as little as $4000. And still keep his job. Nirvana for the average bloke on the punt would be around $50,000 a year.....roughly $4000 to $5000 a month. A $6000 starting bank for that is plenty.


What sort of POT are you basing that on, I strongly disagree.


4. It goes against any real common sense that an ** School Teacher, Mathematition, Engineer, Accountant or any highly educated induvidual, can come up with a numerical/class/time rating system that leads to first a steady income, then on to great wealth.
It simply cannot be done.


Are you saying an uneducated person stands a better chance or experience and research has more weight?


why you should never except odds on any bet unless it can return you over $7 to the dollar.


Again, strongly disagree. The weight of bias against longer prices means you have to be far better than the market suggests. Backing the shorter end of the market has less bias against the punter and is far easier to overcome.

Not picking on you, and a lot of what you have written is excellent, I just disagree with some points.
Look forward to your response and further parts to your article.

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Great thread easy money,

I agree with you that the real pro. punters are advantage takers of spot plays [good gamblers], not % grinders and they coildn't give a fig about roi's or pot's. Most aren't millionaires either, but battlers.

Big money punters are mostly well off mug punters [Kerry Packer was the top of this tree] and sure there are a few exceptions around for both these points, but most of us are born with 5 fingers on each hand. Naturally there are exceptions.


Your confusing education with intelligence Chrome. A smart punter will take an educated punter's shirt every time.

Any idiot can get [or buy] an education, but our level of intelligence is something were are born with.
Good 'gamblers' are also born not made, just like good muso's, chefs, orators etc. are also born with a gift for it. There is good money to be made from those easily convinced, that gifts some are born with can be learnt or bought.

Hi Guys.

I will see if I can answer most in Parts 2 and 3.
Remembering that these posts are about the average man making a living on the punt.

" Are you saying an uneducated person stands a better chance, or experience and research has more weight? "

Yes to the first part Chrome Prince, and yes to experience. Generaly the lowly educated do not take part in needless research like highly educated people do.

The highly educated, and those who deem themselves as such, are hamstrung the very minute they start their kick in as punters. For some reason they have an undeniable smugness that the racing game requires an intimate knowledge of equations, mixed in with superior intelligence, of which they have plenty of.
Mathematitions, School Teachers, Engineers, Accountants.....they seem to suffer the most with it. And when a highly educated man crashes, boy does he crash. If he is to succeed he must strip off all his smartalecness.

Now onto Part 2. The Psychology involved in Living on, or rather off, the Punt.

" I hope you comment on how mind numbingly boring punting for a living actually is. "

Boring is the last word I would use on punting for a living. Do not lock yourself away. I hope you find something in my next post that gets you thinking on how to rid yourself of boredom Darky.

I dont think he is saying that ChromePrince, the way it come across to me is that systems dont work. Which is a firm belief of mine.

A really good thread, I think it touches on that secret desire to make a living "without" working though. Personaly, it's something that I have aspired to for quite some time,( living off the punt that is) and although I have made a profit for nearly 4 years, going to that next step seems very hard to do.

Crash, I know the type of Character you're talking about, but on any one day they are either Rich or broke, in fact my Dad was a bit like that, we had periods of living like Kings, followed by periods of Poverty!

Anyway, roll on next episode!

Picked it from the start?

Not from where I sit.

And if you did why did you with others provide all this "any publicity is good publicity" by fanning the flames?

If he was allowed to say his piece without disruption this would not have dragged out for so long.

jfc, I gave him his chance, I didn't want to "attack" him from the start, but obviously I picked the maths didn't add up and it all unfolded within his first couple of posts.


It would have dragged out, that was his intention.

I can't believe jfc, that you and others argued with me for not letting him have a decent go at explaining himself, then when it's all revealed to be bollocks, insinuate that I had no idea.

__________________
RaceCensus - powerful system testing software.
Now with over 426,000 Metropolitan, Provincial and Country races!
http://www.propun.com.au/horse_raci...ng_systems.html
*RaceCensus now updated to 31/10/2025
Video overview of RaceCensus here:
http://www.youtube.com/watch?v=W821YP_b0Pg

Don't spoil it [your victory?] by 'crowing' chrome ..there is nothing uglier.

PS. The easyrun sure has a nice looking website/forum though. I'll be keeping a watch on that one.