Professional Gamblers: Jack Ramsden

Jack Ramsden quit his job as a stockbroker in 1980 and since then has had 13 consecutive winning years as a professional punter. His successful punting like so many other professional punters is based around speed figures and race times.

He recently stated I cannot stress too strongly the importance of race times. They bind my whole approach together. There are fewer good times recorded over jumps but everyone seems to know about those horses and they are too short to back. Join our professional gambler newsletter by clicking here

Even cutting out the endless looking up of form books, I still spend two or three hours every day working out my bets. Jack continues, I'm constantly on the look out for the 3/1 chance that starts at 8/1. There are 30 or 40 of them a year and they are there to be seen. At those prices, you don't have to be right all the time! His premise is that while a good horse is capable of doing a bad time, no bad horse is capable of doing a good time.

He is unusual in that he has his own bookmaker, Colin Webster. There relationship is indeed unique, Colin pays Ramsden £5,000 a year for his advice and also has the job of getting his bets on with other bookmakers. Another unusual trait of Jack Ramsden is his liking for the multiple bets. His reasoning is that they are an extension of his policy to go for large prices and he reckons that on 4 occasions he has won over £200,000 on multiple bets.

Another piece of advice from Ramsden is regarding each-way bets. His advice is to ditch them. He states: I analysed my betting a couple of years ago and found that if I had doubled my win stakes instead of having each way bets, I would have been much better off. I think all punters would benefit by cutting out all each-way bets and sticking to singles.

Jack met his wife Lynda Ramsden when she worked at the Epsom yard of John Sutcliffe Snr, where Jack, one of Barry Hills's first owners, had horses. Ramsden was working in the City, but the City wasn't working for him. "I was a pretty useless stockbroker," he admitted. The Couple married in 1977 and then started training racehorses in the Isle of Man. I few years later moving over to England and North Yorkshire where they  trained for many years.

More pro gambler tales:

Dave Nevison

Phill Bull
A Tale Of A Pro Gambler

5:25 Chelmsford 2YO Racing Tips (24th Nov) TOTEPOOLLIVEINFO.COM FOR RACING RESULTS MAIDEN FILLIES´ STAKES (Plus 10 Race) (CLASS 4) (2yo)

2yo racing tips, betting tips, 2yo racing,
A Maiden Fillies Stakes (Plus 10) over 7f on Standard going.

Quite a large field of thirteen juveniles which I will cut down in number. 

Hugo Palmer fields Al Mayda. This chestnut filly is a daughter of Distorted Humor. This American-bred wasn't sent through the sales ring and adorns the familiar silks of Al Shaqab Racing Ltd. She started her career at Newcastle when racing over 7f. Pretty weak in the betting for such a big stable, which was due to a couple of well-fancied horses in opposition. There was a lot to like about that racecourse bow. From a statistical point of view, this filly holds decent each-way claims. 

A few in opposition. 

Cercle D'or wasn't fancied in the betting when making her debut at Kempton over one mile. This daughter of Acclamation wasn't beaten far although it was something of a blanket finish. Being related to Golden Horn is no bad starting point and racing in the Sangster silks will tug at the heartstrings of many a punter of old. Not the easiest filly to assess. If in need of the debut and today priced 13/2 & less SP could be in the mix. If weak in the betting I would take a watching brief. 

Ebqaa is a home-bred daughter of Cape Cross. I always take a second glance when Marcus Tregoning trains one for Hamdan Al Maktoum although he isn't a handler I associate with debut winners. Mind you, it isn't beyond the realms. If a true talent, this juvenile may have claims but I suspect this bay will need the run. If seriously backed it would bring greater hope although he still offers a pretty poor win race to be fair. 

Sir Michael Stoute fields Freediver who makes her second start after being relatively fancied on debut at Leicester. A slow start didn't help her cause, then tiring into ninth at the line. More is needed here. If strong in the betting, this daughter of Bated Breath may have a fighting chance. However, if priced bigger than 13/2 & less SP I would expect others to prevail.

Amanda Perrett's two-year-olds have been showing some promise this latter part of the season and My Lady Marie belied her odds of 66/1 when finishing fifth. If seriously backed I would take note. However, if priced in double figures I'd consider those at the head of the betting.

John Gosden has My Rosie to accompany Cercle D'or. Interesting to note she is owned by Lord Lloyd-Webber who doesn't have too many hopeless cases in his string. This bay filly is a daughter of Redoute's Choice costing 400,000G at the yearling sales. The mare, My Branch, was a talented horse being placed at Group 1. My Rosie was half fancied on debut but always in rear - finishing last. It is strange principle but I often say that the worse a horse looks on debut often the better they turn out to be. This April foal needs to find ample improvement but it's possible. At present, she is a 14/1 shot. However, if backed I would take note because such a large price tag and significant ownership tell me this bay filly may show more today. 

Interesting to note Oberyn was priced 5/2 on debut for Sylvester Kirk. The stable have done exceptionally well with their juveniles this season. This daughter of Holy Roman Emperor finished last when making her debut at Newcastle although not beaten too far. In truth, that was a poor race with the winner having an official rating of just 55. It was an auction race which is a markedly lower class than this race type. This looks a stiff ask.

Godolphin has plenty of horses to race and most are bred to be winners. Pure Shores is a daughter of Dubawi who cost a whopping 700,000G at the yearling sales. The mare was a very consistent horse, winning at Listed class but placed numerous times at Group level. Charlie Appleby can ready a debutante and you have to consider that many of these blue-blooded horses are sent out this time to win rather than gain valuable experience [obviously both are important]. Definitely a horse with an exceptional price tag. Worthy of respect. 

Conclusion: At the time of writing, this looks an open race and although horse racing tipsters will have picked out their favourites I would definitely let the betting settle before getting stuck in unless you are taking a big price and convinced your selection will be backed. 

The betting should eek out a few weak links. 

Al Mayda is likely to go well and if available at each-way odds would be a fair bet. Gosden's two are worthy of note. Cercle D'or has claims if priced 13/2 & less SP. I would definitely keep an eye on the betting for My Rosie. Well owned and very expensive purchase. That debut was too bad to be true. If drifting to big odds on the exchanges it may be worth placing a bet in the hope she is seriously backed. If the money comes, I'd expect to see a transformation. 

The betting should tell the story for Freediver and My Lady Marie. If priced 13/2 & less each hold each-way claims. I get a feeling both will be bigger odds. 

It is always difficult assessing the potential of a debutante and inexperience can be a stumbling block for the best juveniles. Pure Shores cost a huge sum and have a pedigree to suggest she has an ability. I doubt Appleby is sending her out for a run just to gain experience and I would put this filly high on the shortlist. 

Al Mayda and Pure Shores look the most likely. The former is worth an each-way if prices allow. My Rosie may be worth a speculative punt at big odds. 

Find the Jockey!

Jockeys rarely reach much higher than 5ft 6 inches so finding them in a crowd can be tough.
We have hidden three jockeys in this crowded Indian gathering can you find them? Our racing odds are you can’t.

Click here to find the answer.

Horse Racing Tips - How to Use Them to Find Good Bets

There are all kinds of horse racing tips available to the people who bet on the races. Some of those picks are very valuable while others are just a come on to get you to spend money for more information. Like any other form of investing, wagering requires some planning and good information so that the investor can make a good decision. So the question arises, "Should I use those tips and if so, how should I use them?"

My advice is to proceed slowly when gambling and trust me, betting on horse races is gambling and very risky, in spite of what some tipsters would have you believe. The best way to find good information is to test it first. Ignore the sales pitch and rhetoric and instead, get picks and test them with paper bets or very small bets first.

When you go to a doctor for a serious condition and get a grave diagnosis, your fist step should be to get a second opinion. I advise you to do the same with horse racing picks. You may read what the handicapper has to say about a race and the horses and then read what someone else thinks about that same event.

Do they agree on any points? Do they disagree? Often you'll find that public handicappers like horse racing angles and will spot them from time to time and write about them. Unfortunately, they sometimes place too much importance on these little gems and that's where you, the consumer, have to use your judgment. If two prognosticators like the same runner for the same reason, they may be onto something, but if you get two completely different opinions, how do you know which one is right?

That's where testing and evaluating come into play. If you follow these tipsters for a while and get to know their strengths and weaknesses, you'll be able to tell when they are on track and when they are off course. That is an excellent way to let other people handicap the race for you while you simply handicap them. It doesn't matter how you form your opinions about a race and the runners, it just matters that at post time you can fairly evaluate each horse and then spot a good bet.

When I say a good bet, I mean one that has a positive outcome. In other words, the return outweighs the risk. How will you ever know that? Once again, it comes down to experience and following the handicappers long enough to know when they are on target or when they are off. A big part of horse racing handicapping success is experience and patience.

Article Source:
About the Author

If you want to learn how a horse owner and insider handicaps just go to and get the truth. Bill Peterson is a former horse race owner and professional handicapper. To see all Bill's horse racing material go to Horse Racing Handicapping, Bill's handicapping store.

1:30 Wolverhampton Racing Tips (1st Nov) 32RED.COM MAIDEN STAKES (CLASS 5) (2yo)

Racing tips best free horse racing tips,
A Maiden Stakes over 5f 20y on standard going. Quite an intriguing race from this ten-strong field. 

Gary Moore doesn't have the biggest string of two-year-olds but a talented trainer.  Rapid Ranger has been relatively fancied in the betting on both starts. This son of Kyllachy has been beaten eleven lengths on debut at Windsor but put in his place by two talented juveniles, especially the winner. This bay colt raced keenly last time out at Kempton when second to Mr. Black. That was a fair effort. From a low draw, he could lead and take some pegging back. Always a slight concern this January foal will be too keen and tire in the closing stages.

Kings Academy is owned and trained by Paul Cole. This son of Mayson cost £32,000 when purchased at the yearling sales. Interesting to note this chestnut colt started his racing career in Chantilly, France. He was fancied in the betting priced 9/2. Leading until the closing furlong. Perhaps the 6f was a stride too far. The prize money was a touch shy of £10,000. Cole wouldn't have sent this colt across the channel for a day out. Christophe Soumillon was booked to ride. I would keep an eye on the betting with this juvenile and if fancied has very good win claims. Strangely, past juveniles fitting this profile, which I can't go into, have very similar win and place claims suggesting they either win or unplaced. 

Phillip McBride's runner, Supreme Power, is another juvenile that makes interests. This son of Power was a relatively cheap foal but this stable does well with their two-year-olds. He finished behind Rapid Ranger last time. A reason why today this February foal will be odds of 14/1. However, I bet on this horse last time out and fancied him to run well. A slow start didn't fill me with glee and then hampered in the straight put pay to any hope of winning. A wide draw doesn't inspire confidence and if starting slowly it will be an uphill struggle. On the positive front, I'm pretty sure the stable expected a big run that day and with the favourite seemingly holding this youngster, the price may hold some value. 

Mr. Pocket is another runner fielded by Paul Cole. This son of Acclamation has been a difficult horse to follow and must bring bad memories for a few punters who have kept the faith. Certainly, the loss at 1/4f would have seen them crestfallen. With an official rating of 80 this bay colt has ability although you may need deep pockets and faith to continue betting on this horse. 

Jason Ward started the season with some hope when Mont Cinq finished third in the Brocklesby Stakes. This bonny colt is still trying to gain that elusive first win. This bay colt has plenty of pace and nearly won at big odds last time out at Newcastle with inspired tactics. However, an official rating of just  70 [has been as low as 62] and seven defeats suggests something will beat him.

Conclusion: An intriguing race. Four horses have some hope. Mr. pocket may have claims although he does have the knack of being beaten which makes me wonder if he relishes a battle. Kings Academy is definitely worth a glance in the betting. If strong in the market he could be the better of the Cole pair. If priced over 7/1 I would suggest Mr. Pocket is the more fancied. If betting, I would go for a straight win because I get a feeling Kings Academy will either win or be unplaced. Rapid Ranger looks to have a great chance based on his last run and beating Supreme Power most punters will scratch McBride's juvenile in the process. Moore's juvenile has a lot of pace, good draw and has a decent chance but I wouldn't be so quick to ignore Supreme Power. McBride's charge was expected to go well that day. A slow start, hampered, just meant it wasn't his day. Clearly, he needs to start well and it is a concern to have such a wide draw. It does put me off a little because you really don't want to run wide or fail to get to the lead if that is what connections choose. I'm not even sure if he has the pace to sit handy. Interesting, horse who may go well at a price. Funny old race in ways with  afew live chances. 

The Worst Place for Gamblers to Commit at Crime

underage gambling, betting, gamble, winning, casino, slots,
Underage gamblers beware. 
A New York man hit the headlines winning an undisclosed slot machine jackpot whilst playing at the Sands Casino Resort Bethlehem in Pennsylvania. 
However, things turned sour when he forfeited his winnings and was then charged with underage gambling.
Most US states prohibit players under 21. Needless to say, Pennsylvania law requires a person to be over 21 to gamble in casinos, much to the annoyance of Rong Lin of Fresh Meadows, New York, who was aged just 20.
Mr Lin tried to get past the state laws by using fake identification to enter the casino, playing the slots. Although the amount of his winnings have not been revealed, if it had been less than $1,200 he would likely have been able to collect the money and leave without much fuss. However, above that threshold a casino worker is automatically summoned to deal with an Internal Revenue Service form related to paying taxes on winnings, and a player must provide identification during the process.
Apparently, at that stage a casino security manager then became suspicious over the validity of his identification leading to a state trooper being called out and confirming Mr Lin had been using false identification.
Commenting on the whole incident, Pennsylvania Gaming Control Board spokesman Doug Harbach, said: “We say all the time, casinos have got to be the worst place to go to commit a crime. It’s just not a risk people should be taking. They report this kind of thing right away. For these individuals to think they’re going to get away with something like this, they’re wrong! And there’s criminal charges attached to it and you could end up with a record.”

Levin Gamble: ''Living in Cloud Cuckoo Land''

Johnny Levin, gambler, Dundalk, Cloud Cuckoo Land,
Big gambles come and go but not many are described by the horse trainer as ''Cloud cuckoo land''. But that's what County Kildare handler Johnny Levin said of his Dundalk runners which had been hammered in the betting.

Twitter was on fire with speculation that a plot was afoot as his six runners at Dundalk has been substantially backed. 

However, Levin was quick to respond on Facebook:  "We're on 16 winners for the year so far which represents a record year for the stable but anybody thinking we'll end the night on 22 winners is living in cloud cuckoo land. Don't be fooled by your bookmaker! "I'm updating early today from the sales in Newmarket as I'm informed my runners have moved in price and feel it's important to update the betting public as to my thoughts."

The trainer wrote: "Deeds Not Words has done nothing but disappoint this year. He's off an ordinary mark in an ordinary race and I gave up fancying him with any confidence four runs back."

Notable gambles of recent times

Byrne's treble 

Bookmakers reported losses of £1M after three horses were backed from double-figure odds at Roscommon.  

Sheena West plunge goes west

Her four runners were seriously backed in favourites but only one beat a horse home.

Barney Curley Knockout Blow

Legendary punter has executed many high-profile gambles including the Yellow Sam coup in 2014. Bookmakers lost £2M.  

Staking Strategy & Discipline

Staking strategy, betting, gambling, professional gamblers,
I wonder what Staking Strategy & Discipline mean to you as someone who bets? It is an interesting subject although you may consider if you are not one of the 2% of gamblers who make their betting pay does it matter? 

I would suggest it does. Why? Because no one wakes up one morning to find they are a professional gambler. They make a transition which takes time. It might be a stepping stone to understanding and proficiency. 

This article was inspired by one of my blogging friends, Jerry Banks. His website Jerry's Best Bets featured a post forwarded by Peter Sackville. I don't know Peter but you may enjoy his informative read by clicking on the link above. 

One thing to note is that whether you bet for fun or for a living any gambler can have a run of losers. It is these times which often make or break you because if emotion takes over it can be oh so easy to chase losses. [Not me]

His article emphasises the importance of strike rate and how this matter. This relates to value. If your bet doesn't have value then you are doomed to lose whatever your win rate. 

A great staking plan can ''Skyrocket your betting bank and help protect it.''

Sackville goes on to question the level stake approach insisting that to make a return you have to be very good at choosing your selections and picking winners. 

He details that instead of the level stake approach that it is much more beneficial to bet the cumulative approach of 5% of your betting bank or 2.5% each-way. This is arbitrary and you may bet 3% or even less depending for example.  

What is the advantage of this style of staking? It's simple. It means you bet less money when you are losing and your bank goes down but you bet more when you hit those winning streaks.  

This is a simple format which used long term can help. 

From my perspective, this information details one of the major points of success or failure and that is discipline. 

How many punters do you see in the betting shops and they have no idea whether they are winning or losing? A tenner in the slots, an each-way bet here, across-the-card double there, trap 6 at Romford... 

It is important to keep a record of your bets. Considering the main part of my betting is done via the exchanges it is simple to see. It is something that shouldn't take any consideration if you just have an account and use it without betting from your pocket. [You can but keep a record]

If you lose continuously - stop betting. If you can't stop betting...find professional help or at very least talk to someone. 

I have found discipline is very important to my betting success. In fact, I can't get across how much difference it makes. I have many guidelines to help me make the right decisions rather than acting on the spur of the moment. That often leads to dire decisions. I've made plenty of bad decisions my time even with being careful. But these valuable lessons, if learned, actually help you to find the right road to success. 

This is one reason why I suggest if you are interested in betting professionally you never bet for fun. Why? Because you are likely to have many bad habits when you bet for fun. If these spill over into your professional bets you face an uphill struggle. That's why from a psychological point of view you should look at positive reinforcement. Keep following good procedures until they become habitual. 

It is the reason why I often go to a race meeting and don't bet. In fact, it is usually the case that I don't have anything of interest on a course because I bet selectively and within my niche which is two-year-old racing. 

The thing to remember is that your approach or discipline is most likely to be different to mine, your mates or perhaps everyone else on planet earth. It doesn't matter. Because it should match your personality, understanding and goals. It is your discipline.

The difficult part of discipline is the appreciation that there will be times when a guideline shouldn't be followed. Because, as with all aspects of life, very few things are black or white...but an endless misty grey. 

It is important to learn and you hone your skills. However, I would suggest that you take baby steps rather than giants leaps and don't push too hard because it can destroy your knowledge and confidence. 

Confidence is something that grows with experience from a foundation of discipline.    

You Won't Win

I know it's not horse racing but this article on blackjack, written by Arnold Snyder, is fascinating simply for his frankness in explaining his thoughts about the chances of winning in a game he has dedicated his life. If you are interested in blackjack, card counting or strategies, it makes sobering reading. Not sure if it has relevance to horse racing betting or trading but it makes a point or two that we may all relate.

[Written from the depths of a once-in-a-lifetime magnitude losing streak...]

I am now in the process of editing a new book which, by the time you read this article in Casino Player, will already be published. Blackjack Wisdom is a compilation of some seventy-five magazine articles I have written over the past fifteen years or so, many of which initially appeared in Casino Player.

As I wrap up this project, I must confess that an entire chapter has been excised from this book—and the single longest chapter at that. “Bucks in Flux” was, for many months, the working title of Chapter One. This chapter was composed of more than a dozen articles I had written over the years for various periodicals, all with a common theme—negative fluctuations.

Among these articles were such gems as:

“Is It all Just Luck?” from Card Player,

“Speaking of Streaking,” from Casino Player,

“Those *!%]#* Fluctuations,” from Poker World,

“Good Guys Lose and Bad Guys Win,” from Blackjack Forum, and many other fine essays which, I must admit, bore some of my favorite titles. Perhaps I will include this chapter, or portions of it, in Blackjack Wisdom II. Perhaps I will simply let these writings die, uncollected in any anthology. But I have trashed the entire chapter at this late hour, with a decision instead to end the book with this article you are reading right now. So, you—my Casino Player faithful—do not have to buy the book, since you already know how it ends!

Essentially, each and every one of the “Bucks in Flux” articles delivers the same depressing message, a message I have espoused in every one of my books, a message which can be edited down to three words:

You won’t win.

Do I really need fifteen articles to say those three words? I don’t think so. Though it occurs to me that all blackjack books should have at least one chapter titled: “You Won’t Win.”

The message delivered by most blackjack books and systems has always been the same baloney. Stanley Roberts’ Winning Blackjack was once advertised with the slogan: “Make every casino in the world your personal bank account!” Ken Uston’s Million Dollar Blackjack was promoted with: “Make $500 per day any time you want!” And these aren’t phony systems; these books contain legitimate card counting strategies.

You can’t always tell the real systems from the phonies by looking at the advertising. Promotion is a promotion. Authors of blackjack books, like authors of all “self-help” books—from weight-loss systems to multi-level marketing programs—are reluctant to deliver the message:

You won’t win.

Nobody wants to hear it.

When I self-published my first book, The Blackjack Formula, in 1980, and advertised it in Gambling Times magazine with the catchy, upbeat slogan: “Card Counters Beware,” stating in the ad that most of the blackjack games available in the casinos of the world were unbeatable with any card counting system, the publisher of Gambling Times, Stan Sludikoff, told me bluntly that I would never make any great amount of money trying to sell books with that type of pessimistic advertising.

Stan was write. Seventeen years later, I’m still just scraping by, still delivering that vastly unpopular message:

You won’t win.

Of course, there are a few players who do win. Professional card counters exist; they’re not entirely mythical. It’s just that I know that these professional players are so exceptional, so obsessed, so dedicated, such gluttons for punishment, so terror-stricken by the concept of working a nine-to-five job, so few and far between in every sense of few and far between, that, honestly, you are highly unlikely to be one of these human anomalies. And the most honest thing I can say to you, if you tell me that you really want to become a professional blackjack player, is:

You won’t win.

And the reason is fluctuations.

If you are anything like the masses of humanity, if you like to be rewarded for your efforts within some reasonable time frame, you won’t be able to take the fluctuations. Those negative downswings will be bigger, and harder, and longer lasting, and more upsetting, and more unbelievable, than your level of toleration. Your losses will tear at your heart, and fill you with emptiness, and leave you in a state of quiet desperation. I hear this from players over and over again. I hear this from players who claim to have studied diligently and practiced for hours on end, for weeks and months with a singular dream—to beat the casinos.

And they don’t win.

And they ask me why.

And I say, “Oh, it’s just a normal standard deviation. A negative fluctuation. It could happen to anyone.”

But it happened to you.

Your money.

Your hours.

Your months of dreaming.

And you didn’t win.

So, over and over again, in my books, and my columns, and my magazine articles, I feel compelled to deliver the message I have been delivering since my very first book in 1980:

You won’t win.

Some card counters will win, but not you. Some card counters will actually experience inordinate positive fluctuations! Wow!

But not you.

You won’t win.

Other card counters will be having champagne parties in their hotel rooms, celebrating that marvelous life of freedom and money and adventure that just seems to come naturally with the lifestyle of a professional gambler. But not for you. You will be among the unfortunate few who, statistically speaking, will be located in the far left tail of the Gaussian curve. Someone has to be there. It will be you.

I have been in that tail; it is a cold and lonely place. I suspect many of those who write about this game have been there, and they know what a cold and lonely place it is. Every professional card counter I know has been there. And if they have played blackjack professionally for many years, they have been there many times. These players have hearts stronger than mine, and I suspect, stronger than yours.

This much I know: it is easier to make a living writing about this game than it is playing it.

In any case, instead of filling an entire chapter of this book with some fifteen articles, written over a period of seventeen years, every one of which simply says, you won’t win, I’ve tossed the whole chapter out in favor of leaving you with just those three words of blackjack wisdom:


By Arnold Snyder
(From Casino Player, November 1997)
© Arnold Snyder 1997

The Gambler's Gambler...

Gamblers. A special breed. Those punters who went that step further to take on the bookmakers at their own game. Read this collection of articles which detail individuals which not only won big time but in the process made a name for themselves. Be inspired by these gamblers. Learn what made them tick, gave them an edge and become their specialty. It's intriguing to note how each favourite bets contrasted greatly so they all found their niche. Fascinating reading. 

John Aspinall   
Harry Findlay 
Dave Nevison 
Alan Woods 
Barney Curley
Freddie Williams 
J P McManus 
Paul Cooper 
Sydney Harris 
Phill Bull 
Jack Ramsden 
Alex Bird 
The Shadow
Clive Holt 
The Computer Group
The Art Of Manliness: I'm A Professional Gambler
The Hidden Cost Of Being A Pro Gambler  
Becoming A Professional Gambler
Kid Delicious: Pool Hustler
Random Pro Gambler: My Story  
A Tale Of A Pro Gambler 
Meet The 9 - 5 Gamblers  
The Opportunities Of A Professional Gambler: Eddie Murray  

Who is your favourite gambler of all time? Detail your thoughts by leaving a comment. 

8 Top Tips for Becoming a Professional Gambler by Keith Driscoll

Most folk are under the assumption that professional gamblers have one bet, play one game of poker, or most other form of betting, and then collect the winnings and go back to their castle in the country for a few months rest, before having another gamble!!

I wish it was like that, but in legitimate life it is vastly different. I personally work 10-12 hours a day, 360 days a year, and still do a bit on the days off, including Christmas day. When you see professional poker players they are spending 3-5 days at a table in a tournament every week, sometimes sitting for 12 hours, and when they are not doing that, they are at home playing poker on the computer.

So if you are looking for a relaxing life, do not take up gambling as a profession. Yes it can pay well, very well, but you need to put in a lot of work, and it can be 2-3 years before you are making any meaningful money. Anyone who tells you otherwise is in all likelihood lying just to receive your hard cash.

When you see tipping advertisers stating things like "We made $26,000 to $100 stakes in the last 12 months", it looks breathtaking. However, they need to receive your attention as a 1/8th ad in a paper costs around $500, and they need that funds back before turning a profit. And how many average gamblers have $100 to bet, especially when you need a betting bank, and with $100 stakes, the cash you need before you even place one bet is around $3,500, any less and you can easily blow it all. Then divide the $26,000 by the $100 to work out how countless points you make a year, and that is 260, then divide by 52 to see how numerous points profit a week, and that comes to 5pts a week. Wow!! If you are just starting off you are likely to only be using a realistic $5, so that is $25 a week average. That may not sound much but you have to learn to walk before you can run. If you cannot profit with 10c bets, how the hell will you profit with $100 bets?

Also think why various tipsters advertise every day. This is because they have such a large turnover; they need to keep renewing the customer base. This does not always mean the tipster is rubbish, in various cases they may be profitable long term, but the average Joe Punter always wants profit NOW and every day, and average Joe points more than 5 points per week, whereas a full time professional would be happy with that.

If you are going to gamble to profit, then for the initial few months this should be your basic training were you will be doing a lot of work for little return, but you will also learn how to handle losing runs, how to cope with mistakes, and if it does all go improper and you lose the betting bank, you should have learnt a lot from it for as little loss as possible, as you should only ever bet what you can afford to lose, especially while proving to yourself you can profit. You may have a spare $10,000 available, but prove you can profit with a $1000 bank maiden, and then add to the bank monthly.

So here are the 8 tips you need to learn, and stick to religiously if you want to stand a chance of ever profiting from betting.

1. Patience: If you want big profits now, try the lottery. Building up you betting banks takes time a lot of time.

2. Betting Banks: If you do not have a betting bank to inception with, and you are just betting from whatever is in your pocket, you will never make a profit. It is as simple as that. Most punters lie to themselves that they are breaking even. Do not do that, be truthful.

3. Staking: You see betting plans for sale on EBay, most of them may make you a few dollars quickly, but it is 100% guaranteed they will bust your bank as these are designed by amateurs who have no understanding of betting maths in the actual world. Always inception with levels, if you cannot make bankroll with that simple staking plan you will not make money with anything more complicated. Once you have proven over a few months you can turn a profit with level stakes, and then you can switch to each bet being between 1%-3% of the bank. Most professionals will emergence at 3%, but get it down to 1% as the bank grows.

4. Bank Management: Managing banks is not just staking, it also involves listing every bet on a spreadsheet so you can monitor things like average odds, strike rate, losing runs, etc. If you do not list every bet, you will have no idea where you stand, and no way of having data to look back and learn from.

5. Risk Management: Most people follow one tipster, or one system. This is usually suicide, you do not see the big boys in the city markets investing everything in one stock do you? No. They spread it around, and so should you. Use a number of systems, proven tipsters, method bets, etc. And ensure you have a separate betting bank for each (you can use the same betting account, as the spreadsheets you keep will explain you the amount which is in each bank).

6. Alcohol: NEVER drink while gambling, you will bet more than you should, you will bust banks, you will play bets you would never do when sober.

7. Forums: Join a forum where you can bite ideas, this can prove a huge facilitate, but make sure it is a good one, and not full of idiots just spouting off how good they are!

8. Fun Bets: You are often told not to do any 'fun bets' if you wish to turn professional, but this will not happen, as it is hard to break kind of habits at earliest. The best way to treat fun bets is to handle them as you would any pro bets. Separate betting bank, list all bets, and it will not be long before you lose the bank and realise how wonderful your own tipping is!

This advice goes for betting in any country, on horseracing, greyhounds, soccer, NFL, poker, etc.

You can also find various free horse racing systems, staking systems, poker systems, on the web, ignore them, they are only free for a reason, as they lose hard cash.

These days it is possible to get horseracing software, poker software, etc that can benefit you, they will only make you hard cash if you are already doing so, they just enhance your skills, not make them. Search the internet for reviews on every product before parting with any bankroll; ask people on forums which software is the best.

Keith Driscoll has been a professional gambler since the late nineties, and now runs many sites, forums and blogs as Managing Director of Win2Win Limited. You can visit my site at Free Horse Racing Tips