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There are an infinite number of possibilities. John Morrison in the Sports Betting Champ has identified this particular situation that is the basis of his systems. Not the progressive betting scheme he is applicable to make his odds sound better, to the point of being unbelievable.
Other consumers are good handicappers and can pick winners, however you are lousy money managers and lack the discipline to gain success. Good money management crucial or really operate as well not even try to generate money betting on horse backrounds. Yes, you do need some intelligence, but don’t have to be a rocket researchers. You do have to be committed, tenacious, disciplined.