Is it possible to generate 6-7 figure annual income betting on horses online?

[Sportsmozart]

Hi guys. I am gonna ask few dumb questions cause I need your expert opinion on topic.

I know pretty much everything about sportebetting and how to generate high end income from it. I know zip about horses.

Is it possible to generate mid 6 figure or 7 figure income betting on horses online? It is possible in sportsbetting but online horse shops seem to be Brittish books that are famous of limiting you quickly , plus you cannot place high limit bets ($2000-$10000)


WHERE TO BET, HOW TO BET TO GENERATE ABOVE NAMED INCOME. IS IT EVEN POSSIBLE?

It may seem dull but let's look at the bigger picture

Thank you.

 

[Sportsmozart]

No any kind of input shows that question indeed was stupid Ok let me rephrase it. Is it possible to generate good profits betting on horses online?
If yes then where to bet and what kind of numbers are we talking about if one wants to invest in long term, not to be limited or cut off?

 

[G.MONEY]

I would think there are pros and cons to what i will say....First off you have to be very selective if you are going to win at this game....if you just want action it surr is fun....Site like Twinspires here in the US are legal and not sure there are any limits other than what is in your account dollar wise but I beleive they go right in to the pools so that will effect your payouts, where i believe some if nto all of the offshore do not go into the pools so they will be leary of LARGE bets..Also with the legal sites you will be taxed so that makes it more difficult, I see you are from Austria so the above very well may not apply.

 

[dtmad]

If you are that big of an expert on other "sports betting", except horses, and you can generate a huge income from the other sports, why bother with horses? Just double up on your other bets and you can double your income.

 

[cutacrossshorty]

There's a way to potentially earn 6 figures without actually having to win that amount or something close to it.

You have to be playing through a rebate shop where every wager goes into the pari-mutual pools. Places exist that will give a player a 10% rebate (or more) if that player passes enough through their window. The shop gets a sizeable enough portion of the takeout to pass a significant portion of that to the large player as incentive to play through them.

For example, if you can negotiate a 10% rebate and put 2 million in a year through their window while breaking even, you would earn a rebate of 200k. My understanding is rebate's are distributed monthly or something like that. One trick is to stay in action and depending on the relationship, the shop may help one do that.

 

[Sportsmozart]

Thank you guys for your input indeed! Betting on horses is a very different animal all together and at this point I'm just contemplating if to move on with it at all. Fact is I do not know lot about it, but that is why I am here asking you all for advice. Some respectable people think that that's where the real money lays Yet looks to me that there are not too many places besides the all Brittish books where one can lay a larger bet and keep going. UK books are largely a Mickey mouse outfits where you can bet up tp 500 000 GBP on a soccer game but if you win you limit is 5 GPB from there on out Maybe most of this horse racing industry is based on high limit locals?