Can it be done?

IS IT all just luck or is there skill involved? Are those professional out there really making a good living from it?

The activity I refer to is betting (or gambling if you prefer).

Betting on sporting events is not seen as an ‘acceptable’ way to make money. Everyone assumes that all money staked is ultimately lost. I am here to attempt to prove that theory wrong.

Many have lost fortunes in investments and trading on exchanges yet it is seen as a more acceptable way of doing the same thing - placing money on an outcome that you believe to be likely.

Picture: gamblingpokersite.com

I have heard a statistic that about one in every 20 to 30 people who gamble come out in the black. On this blog I will post everyday (that I have a bet) and I invite you to follow my journey to see what sort of profit is made.

From December 1^st I will embark on a journey to see if a significant profit can be made by investing on sporting events.

On a personal note, I have been betting for about 6 years but only since 2010 I think I can say “I know what I am doing”.  The last 6 months (since May 2011) have been a “career best” for me.

Racing will be a main betting sport. Pic: espn.go.com

My bets will predominantly be Horse Racing and Soccer with the occasional bet on other events. No games where you play the house such as Blackjack or Roulette will be included. There will be lay (to lose) bets as well as win bets included.

I will attempt to be as honest as possible with all details regarding betting throughout the journey. If you have any comments you would like to make follow me on Twitter (@con_clancy).

This is not a tipping service, I am not employing any magical betting systems, and I am not promoting gambling.

I do not claim to known it all and at this game we are always learning and over the next few months we will surely do so.

So join me on a journey, you could be part of something!