I once helped a guy structure a P3 ticket:
All-5-All twice
All-5-3 twice
All-5-4 twice
He hit it 4 times. The horse in the middle leg was Easy Goer, who won with win odds of 2/5 against 3yo's after beating older two weeks earlier (as sure as it gets). The P3 paid $1,600 (x4). So, this guy got better than 13/1 on a 2/5 horse. — RanchWest
To be competitive the whales must PLAY (roughly)...
85% of all tracks
85% of all races at those tracks
85% of all the pools in those races
Typically, whales lose in December & January - yet to keep their deals, they have to keep their handle up to their norms. — Dave Schwartz
They just make huge bets, aiming to break even or make a small profit. They make their profit from rebates. — RanchWest
If you had (say)...
20 people doing studies for you
5 statistical analysts (Master's Degrees or PhDs)
2 quants
20 people to watch races and fire the bets
4 programmers — Dave Schwartz