Only part of Arnold Rothstein's representation by the character in the "Boardwalk Empire" series clip that I disagree with is the 'betting it all' part.
You may be surprised with some decent hits from simply 'playing your opinion', and even if you strikeout, you can still pay the electric bill.
If you do well, incrementally increase the minimums.
Wager Cost
bolded
2019-02-26
...
Sunland Park
7
Superfecta
$0.20
5 + 6 / 5 + 6 / 3 + 4 + 5 + 6 + 7 + 8 / 4
$1.20
$49.84
2019-01-12
...
Bet
Gulfstream
8
Double
$1.00
2 + 4 / 4
$2.00
$43.40
2019-02-13
...
Bet
Sam Houston
5
Superfecta
$0.10
4 / 2 + 6 / 2 + 3 + 6 / 3 + 8
$0.60
$22.22
2019-02-09
...
Bet
Mahoning Valley
3
Superfecta
$0.10
1 + 2 + 3 / 1 + 2 + 3 / 1 + 2 + 3 / 5 + 6
$1.20
$23.16
2019-02-06
...
Bet
Gulfstream
6
Superfecta
$0.10
6 / 3 + 6 + 7 + 8 + 9 / 3 + 6 + 7 + 8 + 9 / 1
$1.20
$24.98
2019-02-15
...
Bet
Delta Downs
7
Exacta
$1.00
6 + 8 / 7
$2.00
$136.10
2019-02-25
...
Mahoning Valley
5
Superfecta
$0.10
2 + 3 + 4 + 7 / 5 / 2 + 3 + 4 + 7 / 8
$1.20
$36.89
2018-03-14
...
Bet
Gulfstream
6
Pick-3
$0.50
2 + 3 + 8 / 7 / 2
$1.50
$28.35
2018-07-18
...
Bet
Del Mar
1
Trifecta
$0.50
5 + 6 / 1 + 6 + 7 / 2
$2.50
$181.50
2019-01-13
...
Gulfstream
9
Win
$1.00
5
$1.00
$5.70
2018-11-16
...
Bet
Del Mar
5
Pick-3
$0.50
1 + 5 + 6 / 4 + 5 + 6 / 1
$4.50
$137.80
2018-07-14
...
Bet
Delaware Park
9
Trifecta
$0.50
3 + 6 / 2 / 1 + 3 + 4 + 5 + 6 + 9
$5.00
$100.15