professional gambler

Gambling For A Living: Jason Coote

 Tony, Dan and Me at Great Yarmouth

There’s no doubt gambling at a professional level is hard work. In fact, I have followed my passion of two-year-old horse racing since 1985. Almost 40-years of honing my skills to achieve my goal of making my betting pay.

To achieve this level of knowledge is above and beyond 99.9% of the gambling population. As the saying goes: ‘You don’t know what you don’t know’ and there has never been a truer word said when it comes to mastering the complex world of horse racing.

People have asked: ‘Why do you only bet on two-year-old horse racing?’

The answer is simple: there simply isn’t enough time to do everything and more importantly there is no need. Such thinking is just one point of the wisdom which comes from finding answers to questions. Because, to put it simply, that is exactly what a successful professional gambler does. They understand their niche to the highest level and work to a method and process that is replicable. There is no logic or wisdom in trying to answer the same questions without learning. For that reason, every question must be answered. The best answer must be found. This is no easy task and leading to this point may have taken years.

Literally years to answer a question.

Decades to answer hundreds of questions.

And the understanding it’s a lifelong journey of learning.

Gambling is about knowledge, skill and experience.

Here’s the important thing to remember: ‘Knowledge comes before money!’

Too many gamblers think gambling is all about money. To a point it is but the days of ‘buying money’ have long gone. We live in a competitive world. In fact, if you could see the competition from the bookmakers and layers, the push of the competent backers you would have reason to raise your game. There is no hiding place. Whatever it takes you have to set your self apart from the crowd. As a wise old sage said: ‘Betting against the crowd.’ How can everyone be right? They can’t. You either know more than the competition or you lose. But here’s the key quote: ‘You don’t need to be the best gambler in the world.’

‘You simply need to be that little better than most.’

It sounds simple but it isn’t. Far from it. You know it isn’t simple. How can it be. The answer to every question can be seen in the horse racing results. They are speaking to you. Listen and you will understand.

What makes a winner?

What makes a loser?

It’s so easy to move onto the next race. That is a mistake. You need an approach, method and process. You need to understand what makes you a better gambler. So many punters simply never learn. They have been gambling for a lifetime and they are at the same level as they started.

That is a travesty.

You may be asking: ‘What do I need to know to be a professional gambler?’

I will gladly outline my approach. As you can imagine, I won’t be giving you the answer to every question because its not in my interests and even if I did it would take time to learn.

You don’t just wake up one morning to find you are a professional gambler.

It’s a pleasant thought but it’s not reality.

Remember the film: Vanilla Sky staring Tom Cruise.

So what sets me apart from the wave of losing gamblers?

To set myself apart I need to know the best unraced and lightly raced two-year-old horses in training. How do I know the cream of the crop? Not just one horse trainer but all of them big or small. How can that be possible? It comes from learning and my gambling partners and I have the luxury of having that information at hand. In fact, we have an updated list of super stars which is the foundation to our success.

This is just part of the jigsaw puzzle.

You need to understand each and every horse trainer. What are their strengths and weaknesses? Both are as important as each other. Don’t be fooled into thinking it is all about finding winners. It is about finding value. You could have a 75% win rate and be losing cash hand over fist. It’s another understanding of wisdom. Each trainer has a point where the winners start and end. Where the losers start and end. You either know or you don’t know. If you don’t understand all aspects of data analysis you will struggle. That blind spot will be your eternal weakness. Picked off by the piranhas until you wise up, learn more and bet with the confidence of knowing.

You either know or you don’t know.

What do you know?

If you aren’t confident in your knowledge then you are not only lacking in confidence (knowledge) but you will be losing.

Knowledge is power.

Strangely, the best bets are often due to circumstance.

If you don’t know what that means it’s another part of the learning curve. Another factor of wisdom.

There is much to learn.

You don’t know what you don’t know. You have to answer 50 questions to see the next one. It’s smiling like the layer who knows more and waiting to take your cash and leave you disappointed.

Until the day when you look back and smile that little more.

I know more.

You take their cash.

This post just gives a brief glimpse through the eyes of a gambling man who has spent a lifetime of learning to be a winner. I have to carve out a successful approach where the devil is in the detail and replicable. Worked into a lifestyle that suits me and not glued to the laptop. As I’ve said a few times here: ‘You don’t know what you don’t know.’

Until the day you do.

If I can help you in your journey contact jason@professionalgamblers.co.uk

What Is A Racecard | How Do You Read A Race Card?

What Is A Racecard | How Do You Read A Race Card? Race cards are essential tools for horse racing enthusiasts and bettors alike, providing a comprehensive overview of the day’s races and the competing horses. Understanding how to read a race card is crucial for making informed betting decisions and enjoying the sport to its fullest. Here are five key points to demystify race cards and unlock their potential:

1) Race Information:

At the top of a race card, you’ll find essential details about the race, including the race number, distance, surface (such as turf or dirt), and any specific conditions (e.g., age or gender restrictions, eligibility criteria). This section provides a snapshot of what to expect from the race and helps bettors identify races that align with their preferences or betting strategies.

2) Horse Entries:

The heart of the race card lies in the entries section, where each competing horse is listed along with vital information. This typically includes the horse’s name, post position (starting gate number), weight carried, jockey, and trainer. Additionally, you’ll find the horse’s recent performance history, such as its finishes in previous races, the distances it has raced, and the surfaces it has competed on. Evaluating this information allows bettors to assess each horse’s form, suitability for the race conditions, and potential for success.

3) Morning Line Odds:

Race cards often feature morning line odds for each horse, which are the initial estimated odds set by the track’s oddsmaker or handicapper. These odds give bettors a sense of how the betting public is expected to perceive each horse’s chances of winning. While morning line odds can serve as a useful reference point, they are not definitive and may fluctuate based on betting activity leading up to the race. Bettors should consider the morning line odds in conjunction with their own analysis and intuition when making betting decisions.

4) Race Analysis and Insights:

Many race cards include additional analysis and insights provided by experts or handicappers. This commentary may offer valuable perspectives on the race, including potential pace scenarios, notable contenders, and strategic considerations. While not all race cards include this feature, it can be a valuable resource for bettors seeking additional context and guidance. However, it’s essential to interpret race analysis critically and supplement it with your own research and analysis.

How To Read A Horse Racecard

5) Betting Options and Exotics:

Race cards typically outline the various betting options available for each race, ranging from straightforward win, place, and show bets to more exotic wagers like exactas, trifectas, and superfectas. Exotic wagers involve predicting the order of finish for multiple horses and offer the potential for higher payouts but require a higher degree of skill and risk. Understanding the betting options available and how to structure bets effectively is key for maximizing potential returns while managing risk and even become a professional gambler.

In conclusion, race cards serve as indispensable tools for horse racing enthusiasts and bettors, providing a wealth of information and insights to inform betting decisions and enhance the racing experience. By mastering the art of reading race cards and interpreting the wealth of information they contain, bettors can navigate the complexities of horse racing with confidence and precision, unlocking the thrill and excitement of the sport.

Photo: JC 2024

5 Key Factors to Consider When Deciphering Horse Racing Form

5 Key Factors to Consider When Deciphering Horse Racing FormHorse racing is a sport where success often hinges on the ability to interpret past performances, known as form. Understanding the nuances of form is crucial for bettors seeking to make informed decisions and gain an edge in the wagering markets. While there are numerous factors to consider, here are five key elements to evaluate when assessing horse racing form.

1) Recent Performance:

The most immediate indicator of a horse’s form is its recent performances. Examining its finishing positions, margin of victory or defeat, and the quality of competition faced provides valuable insights into its current condition. A horse that has consistently finished in the top positions in recent races is likely to be in good form, while one that has been struggling or underperforming may be facing obstacles or experiencing a decline in form. Paying attention to the horse’s performance in its last few outings can help bettors gauge its current level of competitiveness.

2) Class and Competition:

The level of competition a horse has faced in previous races is another critical factor to consider. Races are typically classified based on factors such as the horse’s age, sex, and previous performance. A horse that has been competing successfully at a higher class level may have a competitive advantage when dropping down to a lower class race. Conversely, a horse moving up in class may face stiffer competition and could struggle to replicate its previous successes. Understanding the dynamics of class and competition allows bettors to assess a horse’s chances more accurately.

3) Track and Distance Preferences:

Some horses perform better on certain types of tracks such as Great Yarmouth or over specific distances. Factors such as track surface (e.g., dirt, turf), track configuration, and race distance can all influence a horse’s performance. By analyzing a horse’s past performances under similar track and distance conditions, bettors can identify patterns and preferences that may affect its chances in an upcoming race. A horse with a proven track record on a particular surface or distance may have a distinct advantage over its rivals, while one that has struggled under similar conditions may be at a disadvantage.

4) Trainer and Jockey Statistics:

The expertise of the trainer and jockey can significantly impact a horse’s performance. Bettors often scrutinize the records of trainers and jockeys to assess their proficiency and track record of success. Factors such as win percentage, average earnings per start, and recent form can provide valuable insights into their abilities. A horse trained by a successful trainer or ridden by a top jockey may be more likely to perform well, particularly if they have a history of success together. Conversely, a horse with a less experienced or less successful trainer or jockey may face additional challenges.

How To Read A Horse Race Card 

5) Fitness and Preparation:

Finally, assessing a horse’s fitness and preparation leading up to a race is essential. Factors such as recent workouts, medical history, and overall health can all influence a horse’s readiness to compete. Observing how a horse looks and behaves in the paddock and on the track can provide additional clues about its condition and readiness to perform. Trainers often employ various training techniques and regimens to ensure their horses are in peak physical and mental condition on race day. Evaluating these factors can help bettors gauge whether a horse is likely to perform up to its potential or if it may be at a disadvantage due to fitness or preparation issues.

In conclusion, analyzing horse racing form requires a comprehensive evaluation of multiple factors. From recent performance and class considerations to track preferences and trainer/jockey statistics, each element plays a crucial role in assessing a horse’s chances of success. By carefully weighing these factors and considering their interplay, bettors can make more informed decisions and increase their chances of success in the complex and unpredictable world of horse racing.

Jason Coote, owner of casino blog, 5pointz.co.uk

Jason Coote

Photo: JC 2024 (Leadpages)

5 Essentials for Becoming a Professional Gambler

Image by rawpixel.com on Freepik

5 Essential for Becoming a Professional Gambler

How To Become A Professional Gambler

In the realm of gambling, the allure of turning a pastime into a profession is undeniable. The notion of making a living through strategic wagers and calculated risks captivates many. However, the path to becoming a professional gambler is not paved with luck alone. It requires a unique blend of skills, mindset, and discipline. Here are five essential traits one needs to embark on this challenging yet rewarding journey.

1) Financial Discipline:

At the core of professional gambling lies the ability to manage finances meticulously. Unlike casual gamblers who may bet impulsively, professionals approach gambling as a business. They establish a bankroll management system, allocating funds for bets, expenses, and savings. Professional gamblers understand the importance of preserving capital and avoiding reckless bets that could lead to ruin. They adhere to strict money management principles, such as the Kelly Criterion, to optimize their wager sizes based on their edge in each bet.

2) Analytical Skills:

Successful professional gamblers are adept at analyzing data and spotting patterns. Whether it’s studying sports statistics, analyzing horse racing form guides, or scrutinizing poker hand histories, analytical skills are paramount. They use probability theory, game theory, and statistical models to gain an edge over the house or other players. Professional gamblers continuously refine their analytical abilities, seeking out new insights and exploiting inefficiencies in the betting markets.

3) Emotional Control:

Emotions can be both a gambler’s greatest asset and their most significant liability. Professional gamblers cultivate emotional resilience to navigate the highs and lows of gambling. They remain calm and composed during winning streaks, avoiding the temptation to become overconfident. Likewise, they maintain discipline and focus during losing streaks, preventing emotions like frustration or desperation from clouding their judgment. Emotional control allows professional gamblers to make rational decisions based on logic and probability rather than impulse or sentiment.

4) Risk Management:

Gambling inherently involves risk, but professional gamblers approach risk with a strategic mindset. They assess the risk-reward ratio of each wager, balancing the potential profit against the likelihood of success. Professional gamblers diversify their bets across different games, sports, or markets to mitigate the impact of variance. They also set clear limits on their exposure to risk, knowing when to walk away from a losing proposition and when to capitalize on favorable opportunities. Effective risk management is essential for sustaining long-term profitability in the unpredictable world of gambling.

5) Continuous Learning:

The landscape of gambling is constantly evolving, with new games, strategies, and technologies emerging regularly. Professional gamblers understand the importance of lifelong learning to stay ahead of the curve. They devour books, articles, and forums on gambling theory, seeking out insights from experts and fellow practitioners. They also embrace technology, utilizing advanced software and tools to analyze data and refine their strategies. By remaining curious and adaptive, professional gamblers ensure they stay competitive in an ever-changing environment.

In conclusion, the path to becoming a professional gambler requires more than just luck—it demands a unique blend of skills, mindset, and discipline. From financial acumen to emotional control, successful professional gamblers embody a diverse array of traits. By cultivating these essential qualities and embracing continuous learning, aspiring professionals can embark on a challenging yet rewarding journey in the world of gambling.

Jason Coote, owner of casino blog, 5pointz.co.uk

Jason Coote, Pro Gambler

Photo: Freepik

5 Essential Travel Items for Professional Gamblers Going Abroad

Image by freepik

5 Essential Travel Items for Professional Gamblers Going AbroadTraveling abroad as a professional gambler entails more than just packing your favorite lucky charms. It requires careful planning and consideration of essential items to ensure seamless gaming experiences while away from home. Here are five crucial things every professional gambler should take when holidaying abroad:

1) Fast Track Security Pass:

Time is of the essence for professional gamblers, especially when navigating through busy airports or customs checkpoints. Investing in a fast track security pass can significantly streamline your travel experience by granting expedited access through security and immigration queues. With shorter wait times and priority processing, you’ll have more time to focus on your gambling activities upon arrival at your destination. Many airports offer fast track services either as a standalone purchase or bundled with premium travel packages, making it a worthwhile investment for frequent travelers.

2) Travel Plug Adapter:

In today’s digital age, staying connected is paramount for professional gamblers. Whether it’s charging your laptop, smartphone, or other electronic devices, having a reliable travel adapter is essential. Different countries have varying socket types and voltages, so investing in a universal adapter ensures you can power up your devices wherever you go. This ensures uninterrupted access to online gambling platforms, research materials, and communication tools.

3) VPN (Virtual Private Network) on Laptop:

Online security is a top priority for professional gamblers, especially when accessing gambling websites or transferring funds online. Utilizing a VPN on your laptop adds an extra layer of security by encrypting your internet connection and masking your IP address. This not only protects your sensitive data from potential cyber threats but also allows you to bypass geo-restrictions imposed by certain gambling sites in different countries. With a VPN, you can confidently gamble online while safeguarding your privacy and anonymity.

4) Currency Card:

Managing finances efficiently is crucial for professional gamblers, particularly when traveling abroad. Instead of carrying large sums of cash or relying solely on credit/debit cards, consider using a currency card. These prepaid cards allow you to load multiple currencies onto a single card, avoiding hefty foreign transaction fees and unfavorable exchange rates. Moreover, currency cards offer added security features like PIN protection and the ability to lock in exchange rates, providing peace of mind while indulging in your gambling endeavors overseas.

5) Cash and SIM Card for the Country:

While digital transactions are becoming increasingly prevalent, having access to local currency is still essential, especially in regions where cash is king. Carrying a reasonable amount of cash ensures you’re prepared for situations where card payments may not be accepted or reliable. Additionally, purchasing a local SIM card upon arrival allows you to stay connected without incurring exorbitant roaming charges. Having a local phone number enables seamless communication with fellow gamblers, hotel staff, or local contacts, enhancing your overall travel experience.

In conclusion, professional gamblers embarking on international adventures must prioritize essential travel items to optimize their gaming experiences abroad. From staying connected and secure online to managing finances efficiently and streamlining travel logistics, these five items are indispensable for ensuring a successful and enjoyable gambling holiday. By equipping yourself with the right tools and preparations, you can immerse yourself fully in the thrill of gambling while exploring new destinations around the globe.

Photo: Freepik