It’s a $2 dollar bet – you have to assume that you win every time that 2 horses come out of the race. And you just have to assume, that’s the way it’s going to be. And if you don’t win all the time that’s how you will eventually lose $1.5 million.
But if you don’t take any risks, then I’m saying you are losing $2.5 million.
And if this goes wrong, I’m betting you aren’t even going to win a single race that you bet on. You’re going to have another bet in your pocket the next year, and it’s going to be this same same horse and the same exact thing. So that’s what you do when you bet on horses. That’s what you do when you bet for the big races and the big things.
So it’s not like it’s going to be a lottery. It’s just betting.
How many bets are you going to make per season? Probably around $1 million. And you can make as much or as little as you would like to be. It’s just one of those things you have to think about when you’re preparing for it. It’s not something that you can sit back and say, okay, you’re $100,000 in the hole and you’re not going to bet any money because you thought that one time or one month ago you were going to be okay.
So it’s very, very important as well to know the amount if you’re betting on this sport and also the amount a race pays you. Some racing tracks pay you for a ride and some don’t. But if you’re going to bet on this one horse, you have to figure out how they’re going to pay you.
So you have probably heard about the “spread” or “split” or whatever you want to call it on that. It’s just basically like when, let’s say, you’re betting on a horse and there are a couple different ways of doing it. Maybe one of those ways is called an “off-race” and the other is called an “on-track” and that’s the way you call it. And you can go all through the race, and at one time you’re betting that one way and the other way because they’re different. But one way and the other one is always going to be.
You can go through a race and say well, you’ve bet with this horse