How much would you need to bet on every race to make a second income from horse racing? One punter hoped to win $40,000 a year to double his income, and when his betting plan was worked through race by race, it needed $105 on every race from a bankroll that would stand $50. Brian Blackwell's January 2009 article for Practical Punting shows exactly where the sum comes apart, and what a professional handicapper told him to do about it.
FREE e-book: Getting Together with the International Experts – Part 3
Eight questions for building a punting plan, and the simple sum that shows whether your bankroll can really carry it.
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What you'll learn:
- Milkowskji's eight questions — bankroll, expenses, days, race cards, weeks off, quality wagers, straights or exotics, and a realistic return on investment
- The $40,000 goal — how it becomes a $42,000 profit, 8,000 races to handicap and 4,000 bets
- 1, 2 and 3 per cent of bankroll — the guide, and why the plan's $105 a race meets a $50 limit
- Steve Zacks's three questions — for a plan that isn't doing what it should