| Expectations / Projections |
Most are skeptical about the possibility of actually making a living betting on the races - thinking it's all just pie-in-the-sky wishful thinking. Maybe you are among those - good! A healthy helping of "prove it" is always wise.
Prove it? Okay, here goes - straight from the horse's mouth (!?):
Right off - betting on horse racing is not "investing."
Sometimes you'll see it called investing by some who have made consistent profits - and by others who have never even tasted a profit - but . . .
Betting on thoroughbred horse racing will never be investing. It is a risk taking.
At it's worst, it can be addictive and ruinous - but then, addictive personalities and self-destructive people will always be able to find an outlet for their problem - be it gambling, food, drugs, relationships - whatever. Those types are a small minority - and if you even have an inkling that you are like that - PLEASE stop reading this right now and delete it from your computer - this in all seriousness!
For the large majority of "horse players," it is a slightly expensive recreational pursuit - equivalent to many other expensive hobbies like; skiing, golf, car racing or restoring, photography, etc..
At a business level - betting the races most closely approximates "day trading" of stocks or commodities.
For the serious player - for you if you have what it takes - it can become a "controlled risk" business venture.
I hear someone saying, "Yeah - but this ain't like no real business - this is really risky!" I hear you, but then all business is a risk - let's do a quick comparison . . .
It is estimated that 85-88% of all new business start-ups fail sometime in the first two years. That's plain fact. It's also estimated that 95% of all race players lose money. Looking at those figures - starting a home-based race betting business is only about 5 to 12% more risky than starting any business - like say, a shoe store.
Now, consider the start-up costs. You can set up your race betting business for about $1000. It would probably cost $50,000 and up to start the shoe store!!
At only a 5-l0% greater risk of not succeeding - but while risking only 1/50th the amount of money - do you really want to put up and probably lose 50 grand while being bored to tears every day?
- Or would you prefer to give the race betting business a shot - risking as little as $1,000 while participating in one of life's most exciting pursuits?
EASY CALL!
"How much can I make?"
Good question . . .
At Horse Racing Gold we currently maintain a very long term (35,000+ races) ROI right at +18%.
Some might not realize the potential of an 18% return - but look at the following table:
(key for the table)
Column 1, # tracks: the number of tracks you're betting each
day
Column 2,# days: the number of days you wager per week
Column 3, # races : the number of races bet per track each day (based on HRG
averages)
Column 4, $ amt. bet: amount of money bet per race on average
Column 5, ROI%: return on investment (profit)
Column 6, profit week: average profit per week
Column 7, profit month: Weekly profit multiplied x 4.2 (weeks in a month)
Column 8, profit year: monthly profits multiplied x l0 (a l0 month
year prevents "burn-out")
| # tracks | # days | # races | $ amt. bet | ROI % | profit month | profit year |
| 3 | 3 | 5 | $20 | +18% | $680 | $6,800 |
| 3 | 5 | 5 | $20 | +18% | $1134 | $11,300 |
| 3 | 3 | 5 | $30 | +18% | $1020 | $10,200 |
| 3 | 5 | 5 | $30 | +18% | $1700 | $17,000 |
| 3 | 3 | 5 | $50 | +18% | $1700 | $17,000 |
| 3 | 5 | 5 | $50 | +18% | $2830 | $28,300 |
| 4 | 3 | 5 | $20 | +18% | $900 | $9,000 |
| 4 | 5 | 5 | $20 | +18% | $1500 | $15,000 |
| 4 | 3 | 5 | $30 | +18% | $1360 | $13,600 |
| 4 | 5 | 5 | $30 | +18% | $2268 | $22,600 |
| 4 | 3 | 5 | $50 | +18% | $2268 | $22,600 |
| 4 | 5 | 5 | $50 | +18% | $3780 | $37,800 |
| 5 | 3 | 5 | $20 | +18% | $1134 | $11,300 |
| 5 | 5 | 5 | $20 | +18% | $1890 | $18,900 |
| 5 | 3 | 5 | $30 | +18% | $1700 | $17,000 |
| 5 | 5 | 5 | $30 | +18% | $2830 | $28,300 |
| 5 | 3 | 5 | $50 | +18% | $2830 | $28,300 |
| 5 | 5 | 5 | $50 | +18% | $4225 | $42,200 |
| 6 | 3 | 5 | $20 | +18% | $1360 | $13,600 |
| 6 | 5 | 5 | $20 | +18% | $2268 | $22,600 |
| 6 | 3 | 5 | $30 | +18% | $2041 | $20,400 |
| 6 | 5 | 5 | $30 | +18% | $3400 | 34,000 |
| 6 | 3 | 5 | $50 | +18% | $3400 | $34,000 |
| 6 | 5 | 5 | $50 | +18% | $5670 | $56,700 |
| 5 | 5 | 5 | $100 | +25% | $13,125 | $131,000 |
| 5 | 5 | 5 | $100 | + 30 % | $15,750 | $157,000 |
The third to last line in the table shows what a serious player with a $100 "comfort level" could expect to gross. The second to last line in blue is the high-water mark - something to shoot for! The red line is likely the limit for a $100 per race bettor.
Most other permutations you might want to check out should be easy enough by using basic math.
Example - say you want to bet $25 per race - just figure half the $50 dollar figures. If you want to project a $40 bet level - just double the $20 figures - etc.
If you want to project a 30% ROI - just use a multiplier of 1.364 (30% divided by 22%) and so on.
Expenditures must be subtracted from the above projections - and for an even more conservative look - we would suggest subtracting I5%, from all figures as an added "error factor."
However; All above figured on a 10 month working year. For players with a portfolio bankroll management plan and working of separate "exotics" bankrolls - for a very few of these players - doubling the above figures is a distinct possibility.
You owe yourself a serious look - click here now and take the next step towards professional level race wagering
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"Contact Information and Links"