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There is no "one way" of making a living at the track. Instead, consider some helpful attributes:
1. A way to accurately evaluate each race (or series of races) that interest you, whether you use software, the Form, or your own method.
2. The discipline to play only those horses or combinations which you perceive to be overlays which will mean passing many races, some of which you would have won had you bet.
3. The creativity to make the proper type of bet considering the particular circumstances of the situation (keying a horse for fourth, throwing out the second choice, using A's and B's and C's for multi-horse wagers, playing the daily double but not necessarily the win bets in either leg, betting a certain favorite to show, etc.).
4. A method of bet-sizing that considers factors such as your effect on the pool, your bankroll, the types of bets you make, the amount of value for the particular bet, your emotional big-bet threshhold, and several other factors.
5. The insistence on getting strong rebates, betting at Betfair, and similar deals which have a major effect on the bottom lines of nearly all the full-time players these days (including me).
6. A very large bankroll. If you have only $10,000 and bet a fairly safe 2% of your bankroll per bet and bet 8 races a day four days a week for 40 weeks a year, you're putting only $256,000 through the windows, which won't qualify you for much in rebates; if you do manage to get a 3% rebate and win 2% straight up (a much tougher long-term feat than some posters here may think), you'll make less than $13,000 annually. You can of course bet higher amounts, more races per day, more days, and more weeks--but there's no guarantee that this higher handle will help you win.
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Barry Meadow
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