A surprise from an interview with a professional punter

I watched a video the other day on YouTube and it was an interview with a professional gambler, involved in the horse racing game.

One thing he said which stuck in my mind was that people think professional gamblers judge their success by the number of winners they back.

But that is not the case. It is about the return on the investment/stake, not necessarily backing a winner.

What is the difference? Professionals are not afraid to back each way and therefore could get a better return if a horse finishes in the first three, sometimes four and five, at a big price.

This surprised me as I did not think professional punters would be concerned with each way bets, something you would associate with a once a year punter having a bet on the Grand National.

You learn something new every day, if you open up your inquisitive mind.