Quote:
Originally Posted by For The Lead
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.
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FTL,
tfm didn't say anything that was specific about the nature of his play, but, in any case, why do you assume that anyone making large bets, such as Dahlman or Benter, are deriving the bulk of their profits from exotic wagering, and that it's impossible to make significant profits through any other means? Didn't anyone ever tell you that you can't prove a negative? Tom Brohamer and Dick Schmidt both made a comfortable living for years almost entirely through win betting, and other Sartin players have discussed profitable records based on win bets. ROI is ROI whether in blackjack, sports betting, or horseracing. And by that measure Bill V. is a better handicapper than Bill B..
Cheers,
B Jennet