Is there anyone out there that actually makes a profit betting on horses?

Question

Is there anyone out there that actually makes a profit betting on horses?

Answer 1

jp mcmanus for one

Answer 2

Yes many people turn a profit betting on horses - heck the people who bet $2 to show on the favorite still come out $.10 ahead.  The ones who do as a means of income are called professional gamblers.  Their numbers are much smaller, but they are out there.

Answer 3

women tend to win more (proven by the grand national) as they just pick a horse off it's name whereas the men try to follow form.  Horse racing is so unpredictable at times, it's really just a game of luck, however during certain races, certain people stand more of a chance.  The problem with horse racing, as any form of gambling, is that once a person has won, they tend to plough their winnings back into the system - always wanting to win more.  But it's a risky thing to do.  People have lost everything through gambling and it's hard to train yourself into quitting while you're ahead (in my opinion).  Sometimes you win and sometimes you lose.  That's the way that I see it.  The key is (if you wish to gamble) to first put aside the money you need to live on until your next pay check, (mortgage/rent/bills/food etc) and work out what you can afford to "lose" then to also set a time limit for staying in the bookies.   Betting is a form of entertainment - nothing more!  There is underlying issues why people become addicted to gambling in the first place, normally as an escape from something such as an unhappy life, but once you're "sucked in" it's hard to get out again.  Anyone in that situation should contact gamcare or gamblers anonymous for help.  Also speak to the bookies manager in confidence and tell them not to allow you to bet in the shop (which is what they are legally obliged to do if you feel you have a problem!)

To answer your question though, I won over £200 on a horse at Chester racecourse (the last race) - I left Chester £400 better off at the end of the day.  The following week I tried my luck at Haydock and lost almost all of my weeks wages.  I would have had a winner on the penultimate race there, wanted to put £5 on but felt 25/1 odds were too high so I bet on another instead, but the 25/1 horse won.

Answer 4

yes there is...but you have to have great betting discipline...I myself dont, so I have big days and bad days which make me minus by years end...I used to play with a few of these Korean cats I worked with at the naval air station and their friends...they would take 4 to 6 grand a man to the track a day, and find one horse maybe two to bet on, and bet place...their goal was only to get 3.60 or 4.80 on the place, they never bet any other races except the ones they pre determined, and they never chased races if they lost, simply went home and figured the next days races...I rarely saw these guys miss, and always marveled at the way they never chased a race or played races they didnt originally plan to...

Answer 5

it is not possible to make money,,you always try to spend more when we get ahead,,

Answer 6

There are actually quite a few professionals. The thing is, they don't just pick up a Form at the track, the day of the races, and handicap a particular race in 15 minutes. That is how I do it, and how most everyone else does it. It's OK for the casual race goer like myself. I take to the track the amount of money I'm willing to blow, and have fun. I win occasionally, but I sure don't count on it. Professionals are at the track every day, spend countless hours analyzing races and watching replays. It is their job, and it is the only way to win consistantly.  If anyone tells you they win money at the track, over a long period of time, and are just casual goers like myself, they are lying to you. I've been around a couple of professionals, and I know how they work. It is long hard work, takes tons of patience, and balls of steel. Certainly not for everyone.

Answer 7

Yes...The track...

Answer 8

Yes. Bet on the horse that just takes a dump. He will weigh

less, and in turn, run faster. <}:-})