It is often claimed that 98% of all gamblers lose which is likely to be statistically true given the percentage of ‘smiling’ faces seen at the TABs and race tracks compared to the tears on the dials of the losing punters.
If the converse is true, then an equally interesting statistic to consider is just how much money in total the 2% winners are raking in from the massive sports and racing betting turnovers worldwide.
While Bookmakers are in the business to make a profit and will quickly terminate their association with any client that consistently beats the odds and takes their money. The massive totes however couldn’t care less who wins, or how often they win as the tote’s profit margin is based only on turnover.
All of the money put into a tote, less tax and operating deductions, are refunded to the winning punter’s pockets. There is no limit to how often, or how much, any punter can win via tote betting other than the punter’s own ability to pick the winners, and the total available size of the tote pools available per race/event.
The Sydney Daily Telegraph newspaper reported in July 2012 that big-time Australian gambler, David Walsh, heads a gambling operation with a $2.4 Billion annual turnover and personally won a cool $17 million from his bets on the 2009 Melbourne Cup alone.
Those are extraordinary figures, and certainly Walsh fits comfortably into the 2% of gamblers who consistently win more often than they lose, but how can the average hobby punter ‘think’ like a full time professional and greatly improve their changes of getting a return?
The answer is Simple and can be achieved by following Three Easy Steps to Profit.
Step One: Have a Plan.
It seems extraordinarily obvious, but you wouldn’t think of building a house or a car without a specific proven plan of how those items need to be manufactured, assembled or constructed. A bank wouldn’t give a loan to a startup unless there was plausible evidence that the would be businessperson had done their homework on the risks associated with undertaking the business operation, balanced by realistic profit potential having deducted startup and ongoing expenses related to running the business. In short, you need a business plan before you establish a successful business.
If you are seeking to make consistent profits from gambling then you must also have a proven plan that will take you closer to consistently making a profit.
Your business plan should address how to make your betting selections, when and how to bet to maximise profits and what to do to minimise the inherent risks in all forms of betting, as there are in all forms of business operations.
Step Two: Adequately fund your business plan.
If you were thinking of opening up a car wash business and your preliminary investigations suggested you needed $1000 a day to be able to run that business, would you sign up to operate the business if the total amount of capital you had available for the entire operation was just $1000 ie you had enough startup capital to run the new business for just one day relying totally on your first day’s operation to be an outstanding success in order to fund day two?
Many people go into business with that extraordinarily failed level of funding and that is why the vast majority of new businesses fail quickly. To ‘hope’ your business will be an immediate outrageous success generating enough cash for it to be instantly self funding is pie in the sky dream stuff, far removed from the reality of life.
If you sit in a TAB you’ll see many punters slam $100 down on the counter for that first ‘surefire winner’ of the day only to walk sullenly out of the TAB penniless after their first bet, or worse still, walk to the closest ATM and withdraw another $100 on their credit card to perpetuate the hope of random success via an unfunded, and non-existent business plan.
Step Three: Be realistic with your expectations.
If most people could get a 10% return on their cash from depositing funds in a bank account and leaving them sit in that account for a full 12 months they would be rightly ecstatic. The current return on bank investments is around half that figure. So why is it that gamblers expect to make 200%-500% returns on their bets every time they make a transaction? Is that a realistic real world expectation? Would a real estate investor expect to double their investment within a few minutes (average race time) and consistently do so everytime they bought and sold a property? It just does not happen, and it never will at the TAB or the race track.
If you could get a 2% – 5% average return on the bets you place, and consistently do so, you would have an astoundingly successful business model. Gamblers would choke at the thought of placing a $100 bet and winning just $110 back on that bet, but a wise business minded person would realise that is an amazing return on investment.
Winning consistently from any form of gambling is never easy. It requires a patient, methodical, business approach to betting. If you are looking at business opportunities, seriously consider the enormous benefits a well researched, profitable home betting business may have over most other alternatives.
Your home or mobile phone based Racing Business requires no staff, shop, stock, factory, fittings, insurance, freight, security, rates, lease, advertising, accounting, legal or promotional fees. There is no produce to sell, or raw goods to manufacture and maintain. No franchise fees or commissions. No selling or advertising costs whatsoever.
For the majority of people, proceeds from betting on horse racing remains a TAX FREE income under current Australian legislation.
For less than $200, you can have in your hands instantly today, the most proven plan for long-term success from horse race wagering currently available anywhere on the international marketplace. A Business Plan, with over 21 years of Past Verifiable Results analysis in one of the most recession proof businesses available.
For further information on the astounding Plan for Success that is Racing Secrets, go to www.RacingSecrets.biz and download the Free Reports, Podcasts and wealth of information available to help you Start Winning Today at the Races!
