Successful betting is all about skill, confidence and discipline.
Skill and confidence comes from having a detailed understanding of where your edge lies, and how to use it effectively.
The discipline comes in developing a plan to maximise your edge, and sticking to it religiously.
Discipline and determination are the key factors in being able to bet successfully for a living – many brilliant race analysts are poor punters because they aren’t disciplined.
Red Belly has built an enviable record of success through an intimate knowledge of where our edge lies, coupled with a selective betting strategy which we stick to rigidly.
Our form expert Ed Kennett has detailed data on a huge number of thoroughbreds (predominantly across Sydney and Brisbane), giving him a good edge on the market.
This edge has delivered strong yearly profits since 2004.
To maintain this edge, so much has to be done behind the scenes to produce accurate data and prices to bet off.
The perception of being a professional punter is a long way from the reality.
Many people we talk to think that it is a dream job, but that is not necessarily the case.
The hours are long (much longer than any 9-5 job), and some of the data recording tasks are tedious.
A lot of punters rate themselves as highly disciplined, but when you are relying on betting as your sole source of income, even the best can come unstuck.
How would you handle putting hours of form and video analysis into a meeting for zero return? It can and will happen at times.
If you think you can do it, great, but don’t underestimate the challenges that lie ahead.
Ask questions, keep records, analyse them and start small and see if you have what it takes.
If you want to see if you have the discipline, why not take out a Red Belly membership and see if you can stick to our highly selective betting strategy.