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The answer is that the pros know how to maximize their returns. They do not make bets just to experience the thrill of betting action.

Every bet they make is an investment. It is a calculated risk that is designed to produce financial return. The professional horse racing bettor looks at every race as an investment opportunity.

They are investing money for a very short period of time in the hopes of getting a huge return. Sometimes the investment pays off, and sometimes it does not.

To make a profit, a bettor must have more winners than losers, and that makes handicapping horses for a living a lot like playing the stock market.

You have to know when to get in, and when to get out. If you want to take the step of becoming a professional handicapper, there are a few things you are going to need.

Above all else, you will need the mental outlook that is required for successful gambling. This means that you cannot become emotionally invested in the wins and losses of betting horses online.

Some old school gamblers have said that the secret to being a successful bettor is hating money. This defies logic but makes a certain kind of sense.

If you become too attached to money you will get greedy. Greed is the downfall of any gambler. If they make their goal for the day they are happy to go home.

Another thing you are going to need betting horses for a living is a large bankroll. You should plan on setting aside one full year of betting capital before you take the plunge and start betting for a living.

That will give you the best chance to succeed. If you bust out then you are out of the game until you can build another bankroll.

An old song by the Eagles has a great line in it. When that happens, the game seems all too easy. The professional handicapper knows that this is misleading.

It is never easy, and those who make a living at it know just how hard it can be. Some people are attracted by what they believe is the glamorous lifestyle of a professional bettor.

They have seen the movies where a gambler rides in fine cars, sleeps with beautiful women, and eats good food. They stay in the best hotels and always have a big tip for the bellman.

That is a Hollywood vision. Anyone that has been around a race track will tell you there are plenty of down and out people who thought they could make it as a gambler.

You will spend a large part of every day going over past performances and race charts looking for a winner. You will prefer to spend an evening at home alone studying over going out with your friends.

You will watch a lot of racing. Essentially, horse racing will become your life. He is more convinced by arithmetic than emotion.

Author by : Antoinette M. Now, they share their wisdom with the next generation of Boss Ladies looking to up their game. Packed with strategies and solutions, as well as stories of other badass Boss Ladies including Ayesha Curry, Carly Cushnie, Anne Wojcicki, and many others, this remixed rulebook will help you see the power in yourself—and double down on it.

Drawing on controversies straight out of the headlines, Pielke looks at doping, match fixing, fake amateurism, and other ways of breaking the rules.

But are those rules--and the values they reflect--hopelessly outdated? Wonderfully readable and scrupulously researched, THE EDGE blends science and journalism to produce an unforgettable account of sport in crisis.

Author by : William H. Today it is on the cusp of becoming a country with no racial majority, and new minorities are poised to exert a profound impact on U.

The concept of a "minority white" may instill fear among some Americans, but William H. Frey, the man behind the demographic research, points out that demography is destiny, and the fear of a more racially diverse nation will almost certainly dissipate over time.

Through a compelling narrative and eye-catching charts and maps, eminent demographer Frey interprets and expounds on the dramatic growth of minority populations in the United States.

He finds that without these expanding groups, America could face a bleak future: this new generation of young minorities, who are having children at a faster rate than whites, is infusing our aging labor force with vitality and innovation.

Diversity Explosion shares the good news about diversity in the coming decades, and the more globalized, multiracial country that the U. These booklets, are just that; in the fact that they will only be between 90 to pages in length, always.

Hence the low price, even though there's plenty of wording 12, in this booklet , and it certainly packs a punch! The "systems" discussed in this book are absolutely years ahead of their time!

Invited to dinner by the boorish local landowner, Martin Clay, an easily distracted philosopher, and his art-historian wife are asked to assess three dusty paintings blocking the draught from the chimney.

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Drawing on controversies straight out of the headlines, Pielke looks at doping, match fixing, fake amateurism, and other ways of breaking the rules.

But are those rules--and the values they reflect--hopelessly outdated? Wonderfully readable and scrupulously researched, THE EDGE blends science and journalism to produce an unforgettable account of sport in crisis.

Author by : William H. Today it is on the cusp of becoming a country with no racial majority, and new minorities are poised to exert a profound impact on U.

The concept of a "minority white" may instill fear among some Americans, but William H. Frey, the man behind the demographic research, points out that demography is destiny, and the fear of a more racially diverse nation will almost certainly dissipate over time.

Through a compelling narrative and eye-catching charts and maps, eminent demographer Frey interprets and expounds on the dramatic growth of minority populations in the United States.

He finds that without these expanding groups, America could face a bleak future: this new generation of young minorities, who are having children at a faster rate than whites, is infusing our aging labor force with vitality and innovation.

Diversity Explosion shares the good news about diversity in the coming decades, and the more globalized, multiracial country that the U.

These booklets, are just that; in the fact that they will only be between 90 to pages in length, always. Hence the low price, even though there's plenty of wording 12, in this booklet , and it certainly packs a punch!

The "systems" discussed in this book are absolutely years ahead of their time! Invited to dinner by the boorish local landowner, Martin Clay, an easily distracted philosopher, and his art-historian wife are asked to assess three dusty paintings blocking the draught from the chimney.

But hiding beneath the soot is nothing less-Martin believes-than a lost work by Bruegel. So begins a hilarious trail of lies and concealments, desperate schemes and soaring hopes as Martin, betting all that he owns and much that he doesn't, embarks on a quest to prove his hunch, win his wife over, and separate the painting from its owner.

In Headlong, Michael Frayn, "the master of what is seriously funny" Anthony Burgess , offers a procession of superbly realized characters, from the country squire gone to seed to his giddy, oversexed young wife.

All are burdened by human muddle and human cravings; all are searching for a moral compass as they grapple with greed, folly, and desire.

Percentage of Bankroll This theory is based on the concept that you will play a certain percentage of your bankroll on a horse. Maybe a certain angle provides more of an edge or a higher win percentage than other angles?

In that case you can vary the percentage of bankroll you wager based on your confidence in the play. On an angle that hits less often, you may elect to use a percentage that is lowered based on the strike rate.

Some wager types may vary in size from others based on either historical return on investment or strike rate. Prime vs. Prime bets are the wagers that you feel most confident in and meet handicapping criteria that leads you to make the wager.

Action bets are the bets that you would place based on current odds or conditions that are not part of what your handicapping says are solid bets, but may be worth the risk given the potential payoff.

Since the greater potential for a larger payout resides in exotic wagers, you must consider what percentage split you would want to make.

If the exacta comes in, you win on both the win bet and the exacta. This is a way of hedging wagers should the favorites come in and allow for lower, yet profitable, wagers on longer shots.

In the case of exactas, you can see the probable payouts for each exacta combination either on your computer or on the monitors at the track. For every horseplayer and handicapper in the world, there is another way to play the races.

Every player is different and needs to find what works best for them. While specializing in thoroughbred racing, Ray also handicaps harness racing, Quarter Horse racing, baseball, football, hockey, and has been rumored to have calculated the speed and pace ratings on two squirrels running through his backyard.

Ray likes focusing on pace and angle plays while finding the middle ground between the art and science of handicapping.

When he is not crunching numbers, Ray enjoys spending time with his family, cheering on his alma mater Rutgers University , fishing, and playing golf.

This website does not endorse or encourage illegal gambling. All information provided by this website is for entertainment purposes only.

This website assumes no responsibility for the actions by and makes no representation or endorsement of any activities offered by any reviewed racebook or ADW.

Please confirm the wagering regulations in your jurisdiction as they vary from state to state, province to province and country to country.

Any use of this information in violation of federal, state, provincial or local laws is strictly prohibited. Bet Now. Andy Beyer photo via www.

Ray Wallin. Ray Wallin is a licensed civil engineer and part-time handicapper who has had a presence on the Web since for various sports and horse racing websites and through his personal blog.

Introduced to the sport over the course of a misspent teenage summer at Monmouth Park by his Uncle Dutch, a professional gambler, he quickly fell in love with racing and has been handicapping for over 25 years.

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