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

5 Reasons Why Las Vegas Earned Its Nickname Sin City

5 Reasons Why Las Vegas Earned Its Nickname Sin City Las Vegas, often dubbed “Sin City,” is a world-renowned destination known for its vibrant nightlife, extravagant casinos, and endless entertainment options. But why is it called Sin City? The moniker conjures images of debauchery and excess, yet there’s more to it than meets the eye. Let’s delve into five reasons why Las Vegas has earned this infamous title.

1) Gaming and Gambling Galore:

At the heart of Las Vegas lies its thriving gambling industry, a cornerstone of its economy and culture. From iconic establishments like the Bellagio and Caesars Palace to the dazzling lights of the Las Vegas Strip, the city boasts a plethora of casinos where visitors can try their luck at games of chance. The allure of winning big, coupled with the adrenaline rush of risking it all, creates an atmosphere of indulgence and excitement. While gambling itself isn’t inherently sinful, the temptation it presents aligns with the perception of sin in popular culture, thus contributing to Las Vegas’s reputation as Sin City.

2) 24/7 Entertainment and Excess:

Las Vegas never sleeps, offering round-the-clock entertainment and extravagance that cater to every whim and desire. Whether it’s world-class shows featuring renowned performers, lavish nightclubs pulsating with music and energy, or opulent dining experiences curated by celebrity chefs, the city embodies the epitome of excess. This constant availability of indulgence can lead visitors down a path of hedonism, further solidifying Las Vegas’s association with sinfulness.

3) Adult-Oriented Attractions:

Unlike many other tourist destinations, Las Vegas isn’t particularly family-friendly. Instead, it caters primarily to adults seeking an escape from the constraints of everyday life. The city’s risqué shows, provocative advertisements, and adult-themed attractions contribute to its reputation as a playground for grown-ups. From topless revues to themed hotels with suggestive motifs, Las Vegas doesn’t shy away from embracing its more lascivious side, earning it the Sin City moniker.

4) Legalized Vice:

While gambling is the most prominent vice associated with Las Vegas, it’s not the only one. The city’s liberal attitudes toward other forms of adult entertainment, including legalized prostitution in nearby counties, further fuel its reputation for vice and indulgence. Although these activities are confined to specific areas and regulated by law, their mere presence adds to the allure of sinfulness that permeates Las Vegas’s identity.

The Las Vegas Experience: 48 Hours in Sin City

5) A History of Scandal and Controversy:

Throughout its storied past, Las Vegas has been no stranger to scandal and controversy. From organized crime syndicates controlling the city’s casinos in the mid-20th century to high-profile incidents of corruption and debauchery, Sin City has seen its fair share of dark moments. While the city has undergone significant transformations and cleaned up its image in recent decades, its colorful history continues to contribute to its reputation as a place where anything goes and indulgence knows no bounds.

In conclusion, Las Vegas’s nickname of Sin City is a multifaceted designation rooted in its history, culture, and offerings. From its thriving gambling scene and round-the-clock entertainment to its adult-oriented attractions and history of scandal, the city embodies the notion of indulgence and excess that defines sinfulness in popular imagination. Whether one embraces or recoils from its sinful reputation, there’s no denying that Las Vegas’s allure lies in its unabashed celebration of hedonism and escapism.

Photo: Freepik

5 Things to Avoid Doing in Las Vegas for a Smooth Vacation

Image by freepik

5 Things to Avoid Doing in Las Vegas for a Smooth VacationLas Vegas, famously dubbed “Sin City,” is a mesmerizing destination that dazzles visitors with its vibrant nightlife, world-class entertainment, and extravagant casinos. However, amid the glitz and glamour, there are pitfalls that can turn your dream vacation into a nightmare. To ensure your trip to Las Vegas is unforgettable for all the right reasons, here are five things to avoid doing:

1) Don’t Overspend:

It’s easy to get caught up in the excitement of Las Vegas and lose track of your budget. The city is designed to tempt you with its luxurious accommodations, gourmet dining, and endless entertainment options. However, indulging too much can lead to financial stress once the vacation ends. Set a daily gambling budget and stick to it. Consider using cash instead of credit cards to prevent overspending. Take advantage of free attractions and entertainment options to balance out your expenses and look for free upgrades.

2) Avoid Ignoring Safety Precautions:

While Las Vegas is generally a safe destination for tourists, it’s essential to remain vigilant, especially in crowded areas like the Strip. Pickpocketing and petty theft can occur, so keep your belongings secure at all times. Avoid walking alone in dimly lit or deserted areas, particularly at night. If you plan to drink alcohol, do so responsibly and never leave your drink unattended. Familiarize yourself with your hotel’s emergency procedures and contact information in case of any unforeseen circumstances.

3) Don’t Underestimate the Desert Climate:

Las Vegas is situated in the Mojave Desert, which means it experiences scorching summers and chilly winters. Many visitors underestimate the desert climate and end up suffering from dehydration or sunburn. Always carry a water bottle and stay hydrated, especially if you plan to spend time outdoors. Apply sunscreen liberally and wear protective clothing to shield yourself from the sun’s harmful rays. Seek shade whenever possible, and avoid prolonged exposure during the hottest parts of the day.

4) Avoid Overbooking Your Itinerary:

With so much to see and do in Las Vegas, it’s tempting to cram your itinerary with non-stop activities. However, overbooking can lead to burnout and prevent you from fully enjoying each experience. Instead, prioritize your must-see attractions and allow for plenty of downtime to relax and recharge. Don’t be afraid to skip the crowds and explore off-the-beaten-path destinations like the Neon Museum or Red Rock Canyon. Pace yourself and savor each moment to make the most of your Las Vegas adventure.

5) Don’t Disrespect Local Customs and Etiquette:

Las Vegas is a melting pot of cultures and backgrounds, and it’s essential to respect local customs and etiquette during your visit. While the city has a reputation for wild parties and indulgence, remember that not everyone shares the same values or beliefs. Avoid disruptive behavior in public spaces, and be mindful of noise levels, particularly in hotel corridors late at night. Tipping is customary in Las Vegas, so remember to tip service staff, from hotel maids to casino dealers, for their hard work and hospitality.

In conclusion, by avoiding these common pitfalls, you can ensure a smooth and enjoyable vacation experience in Las Vegas. Stay within your budget, prioritize safety, respect the desert climate, pace yourself, and embrace local customs. With careful planning and consideration, your trip to Sin City is sure to be a memorable one for all the right reasons.

Photo: Freepik

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)