Quote:
Originally Posted by BJennet
tfm,
Well-known handicapper Ernie Dahlman makes over $750,000 per annum based on a 3% edge.
-recall that William Benter used a 1000-race sample to contruct his immensely profitable handicapping model) you can do very well. Worth remembering that Benter's ROI was only 28%, but he still was able to make 35 million a year.
Cheers,
B Jennet
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Since I did not know who Ernie Dahlman was, I did a Google search on him. Here's what I found.
"Ernie Dahlman is among the largest and most influential investors in horse racing wagering, betting as much as $18 million a year from his office at the Suncoast Hotel and Casino in Las Vegas. A horseplayer for more than 40 years, he relies on computers for information and calls in his bets by phone."
Doing the math, when he
HAS bet as much as $18 mil, with a 3% edge (or ROI) that means he would have won $540,000.
This is not $750,00 a year, but still not a bad payday!
I think "tfm" is looking at this from the standpoint of ROI based on WIN BETS. I doubt very much that Ernie Dahlman is wagering on the WIN position only.
I am of the opinion that people pushing money through the windows with both hands are playing the exotic bets. Very large pick 6's and etc.
Also, I do not know who William Benter is and at this point wasn't real interested in finding out. If this guy is pulling down $35 mil a year, he's pushing $125 mil through the windows, at the rate of 28% ROI. Again, I seriously doubt that he is betting WIN only. In fact, I doubt that he is EVER making a WIN bet. Like the guy mentioned above, this man is probably going after large exotic pools. Perhaps even playing in places
OTHER THAN the US. And I don't mean Canada. Winning money is winning money no matter what your approach, but if I am reading "tfm" correctly, again, he is looking at WIN betting, not exotics, so I doubt that any of this is meaningful to "tfm" although it sounds very exciting.