Blog Link: How Much Must You Bet to Play Professionally?
This is a question from our
The Horse Handicapping Authority Facebook Page.
Quote:
Shawn asks: “How much do you have to bet per race if $30.00 is hobbyist? What does it take to do it for a living?”
Let’s work through the math.
Let’s say that you are wagering $30 per race and you do that 5 times per card and you play 4 tracks. That is 20 races per day times $30 per race = $600. Let’s say that you are earning a 6% profit, after rebate. That makes your net for a full day $36, or about $4.50 per hour (for an 8-hr day).
Of course, if you spent 3 hours the night before preparing for the next day, then you have invested 11 hours and are now at $3.27 per hour.
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More at the link.
I invite your comments.
Regards,
Dave Schwartz
