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Profit Parlay

Congratulations on picking up this report on how I turned $4 into $40 with just a

couple of clicks of your mouse and the best part is, it is all done at a minimum risk.

Profit Parlay is a betting method that can be used to increase a bankroll quickly.

Depending on your selection method, the payouts on a Profit Parlay could even be a

whole lot more than the example I’ve given above. This is dependent on 2 major

factors: 1.) The odds on your horses and 2.) How good your selection method is.

You can use any selection method you prefer to make Profit Parlay work for you,

but we’ll address this issue later on in this report.

Let’s start with the basics. What is a parlay exactly?

Ever heard of the phrase, “Let It Ride”? Essentially, that is what we are doing here.

The great thing about this is that you only have to pick 2 horses in 2 different races

and the horses have to run at least 1st or 2

nd in both races. If you have the right

selection method this is no problem. And the odds on the horses really make no

difference, although the better the odds, the bigger the pay.

The above example of turning $4 into $40 is based on hitting 12 to1 and 5 to 1

horses. Imagine if the odds were even longer! If the odds were shorter the end result

would be less, of course, but the main thing here is you risk a little to gain a lot.

Also think about if you were able to make your bets bigger. You could easily win

hundreds or thousands of dollars, but let’s not get ahead of ourselves! Once you’ve

nailed down these basics with minimum bets, you’ll definitely want to up the

wagers and go for some huge payouts, but for now, we’ll start out with a minimum

$2 to win and $2 to place bet.

Before you get too excited and eager to bet, let me add a

disclaimer now. There is no way that this report guarantees

that you will win money. If your selection method is weak,

you probably won’t win anything. Even if you use the method

we suggest later on in this report there is always a possibility

that you won’t win any money at all. Sorry to be a buzz-kill

and state the obvious here, but horse racing is a gamble. You

must be aware of this at all times. With that being said, here is

what I can guarantee, though. If you are able to put together 2 win horses, or a win

and a place horse, or even 2 place horses, you will make some money. Now that

may sound obvious and simple, but if you follow the instructions in this report, you

can easily increase your bankroll at a minimum risk. Ok, let’s get on with the basics

of the Profit Parlay System.

This is not difficult at all and won’t take very long to explain. It really is a simple

betting method and it consists of 2 sets, each with separate parts or stipulations. At

first this may seem a little confusing, but by breaking the Profit Parlay method

down into sets and parts, you’ll see how every angle is covered and how each part

benefits you in the long run. Many people attempt to make parlay bets, but fail to

realize the best ways to provide leverage and better pays at lower risks. By breaking

each outcome down, you’ll see how this can help you. Our ultimate goal here is to

keep your worst case scenario loss down to a small $4 bet. That is what Set One of

Profit Parlay is all about.

You make your selection. Obviously, this is the most important factor in Profit

Parlay. Do your best to handicap a winner. Don’t play hunches or anything like that.

If you approach this by selecting the prettiest horse or the one whose name is the

same name of your Aunt Betty’s pet poodle, you will more than likely not fare well

at all! Try to pick the horse that has the best chance to win in the race by using the

handicapping method that has worked best for you in the past. If you are new to

horse racing or you’ve never used a handicapping system before, it is strongly

suggested that you pick up a copy of the Oldest System on the Planet and use the

method we talk about later on. However you go about selecting your horse, just be

certain that your selection system is sound. Profit Parlay is not a betting method

you’ll want to use on hunches and “feelings”.

Now you may be asking yourself, “What kind of race” or “Which race” you should

make your selection from. Again, this is entirely up to you and your selection

method. It may be the first race at your favorite track or the last race at a track

you’ve never bet on before! It doesn’t matter. What does matter is that you make

the best selection in whatever race you choose. Once you have your first horse

ready, it’s time to make a wager!

After you have selected your first horse, go and bet him. Bet him to win and to

place. How much? We suggest that you bet $2 to win and $2 to place to begin with.

Of course it can be as much as you want. Now this type of betting method can be

done at the track, but Profit Parlay is better suited for online betting, for several

different reasons. By betting online, you will be giving yourself a much better

chance to let your selection system work for you. In other words, not only will you

have multiple tracks to choose the best horses from, you can also spread this out

over different days. Towards the end of this report, I’ll show you how I do it

through TwinSpires in a live video so you’ll see what I mean here.

By betting your selection to win and to place you are also increasing your pay-off

chances for the horse. If you wanted to, you could also bet him to show, giving you

a little more wiggle room for error on your selection, but for the purpose of this

report, I will bet only a win and place wager.

Another reason I want to start off with a $2 win and $2 place bet is so that you can

see the limitations of how much you make with a lower end bet like this. For such a

low end bet, we will be reliant on the odds of our horse. If the horse’s odds are low

and in his favor, the pay will be low as well, determining whether we can move on

to Set Two of the Profit Parlay method. We will discuss this in more detail in a

moment, but for now just know that we are starting with the lowest possible bet

which is a $2 win bet and a $2 place bet, making our start-up bankroll $4.

Okay, let’s do a quick recap-

Very simple so far, right? At this point, you’ll simply watch the race and wait. Once

the race is run, we’ll have some decisions to make. This will all depend on the

outcome of your horse and the amount of money you made if he ran second or

better. These options will be divided into Part Three A, Part Three B and Part Three

C. Let’s start with Part Three A.

If your horse ran 3

rd or worse, quite simply, you lost the first set and must start over.

The good news is that by making a $2 win and $2 place bet, you have only lost $4.

Don’t be discouraged. As I mentioned earlier and as you already know, horse racing

is a gamble and there are times that you just can’t bring them in. The best thing to

do is try again. If you are unsure of your selection method and feel like it’s your

system that’s failing you, you definitely should consider taking a look at the Oldest

System on the Planet. At any rate, continue using the first two steps of this method

until you nail one. Then proceed to Step 3B or 3C depending on how much you

win.

If your horse ran 2nd

or better and your total payout is less than $8 (after holding

back $4 to cover your first bet), you’ll need to follow these instructions. You would

still start over with part 1 and begin the search for another horse. But this time when

you find him, instead of betting $2 to win and $2 to place, bet the money you

won before that was $8 or less.

Example: With the first horse you bet, after subtracting the $4 original bet all you

have is $6. You find the next horse and wager $3 to win and $3 to place. That way

you are risking no money at all. Technically you’ll be risking the money you won,

but nothing from your own pocket. Take a look at the chart below-

Make sense? In other words, once you win you’ll hold back your initial bet so that

going forward you’re only betting with won money. This will up your initial bet on

Set 1 of Profit Parlay, but the amount is still too low to move on to Set 2. We want

to make sure that going into Set 2 you have two main things going for you. One is

that you’ll be playing with only “cleared” money and two; the amount of cleared

money you are betting on Set 2 will bring in a nice payout. Because odds can vary,

let’s take a look at a real world example, just to make sure you understand.

Let’s say for our 1st selection in Set 1, we decided to bet on a horse named Satin

Gold in the 4th

race at Remington Park. Satin Gold won the race and this is what his

results payout looked like-

On a $2 bet to win, Satin Gold paid $3.80. On a $2 bet to place, he paid $2.60. Our

total on the full $4 bet is $6.40. After we subtract the initial $4 bet from this total,

we are only left with $2.40. According to the rules of Profit Parlay, we still have to

start over with Set 1 because we cleared less than $8. Now at this point, when

starting over with Set 1, because we did win and made a small profit, we can bump

up the bet. Originally we bet $2 to win and $2 to place, but now we have $2.40 that

we didn’t have before making our total bankroll $6.40. As a side note to this, set

aside the $0.40. Since we can only make bets in even dollar amounts, we will now

start Set 1 over with a $3 win and a $3 place bet.

We would continue on this way until our Set 1 selection makes us over $8. This will

help to grow the bet we want to capitalize on in Set 2. Plus all change we

accumulate (like the example of the $0.40 above) is cleared money that will be

added to our bankroll and eventually help to get some other bets down the road for

“free”. This may seem like a small factor with this method, but anytime you can

accumulate cleared money for future bets, believe me- it’s a good thing!

Let’s say your selection for Set 1 cleared more than $8. Here’s where the real fun

begins! Let’s see the example in the next race at Remington:

If we bet $2 to win and $2 to place on Itouch Gold, we’re feeling pretty good right

about now! A $2 bet to win paid us $36.60 and a $2 place bet paid us $16.60,

bringing our total to $53.20! To cover our first bet and only move on with cleared

money, we subtract the initial bet ($4) and our total is now $49.20. To move

forward to Set 2 of the Profit Parlay method, we need to do 2 things. First, we want

to subtract the change ($0.20), leaving us with $49 even. Since we can’t split $49

evenly without ending up with more change, we’ll also subtract $1 from this

amount. That will leave us with $5.20 to hang onto and $48 to move to Set 2 with.

Now there are variations here you can use, obviously, but for the sake of showing

the best bet value, this is how I prefer to do it. Like I said earlier, it’s always nice to

hold back money so that it will accumulate towards more free bets in the future. If

you make this small adjustment consistently, over time you will see the benefits!

Simple enough, right? All you’ll do now is pick out another horse to make your bet

on. Keep in mind that this selection doesn’t have to be in the next race. In other

words, no matter where or when you selected your horse for Set 1 of this method,

let your selection system help you to determine when to make this next bet. It could

be at a different track or on a totally different day- it doesn’t matter. The key here is

that you don’t rush the next selection and you make a strong effort to bring this next

selection into a payout. If you feel you got “lucky” on your first horse or you made

a hunch bet, I strongly advise you to find a selection system for the next bet. In

theory, you should have a nice chunk of change wagered on this next Set, so don’t

take a chance on blindly moving forward! As I mentioned before, the Oldest

System on the Planet has a selection method called “The Twist” that is ideal for the

Profit Parlay Method and if you haven’t checked it out, now is certainly the time for

it!

Using our example from before, Itouch Gold, we decided to move to Set 2 with

$48. At this point, we simply split this amount between a win and a place bet for

our Set 2 horse. That’s $24 to win and $24 to place on our next horse. Quite a jump

up from our original $4 bet (which, by the way, should now be safely tucked away

for starting the Profit Parlay method all over again at another time!).

As we move into Set 2, Part 2 of Profit Parlay, there are 2 possible outcomes which

we will go over in 2 parts: Set 2, Part TWO A and Set 2, Part TWO B.

Not real thrilled with Part 2 A, right? I’m with you, but it does happen. I show you

this so that you know that you can’t win them all, and just in case you thought you

could, let this be the wakeup call! Even the best selection systems have their off

days, but as a handicapper you learn to roll with the punches. Although you lost the

$48 you won with the Set 1 horse in our example, you are still holding the money

from your original bet. At this point you would want to go back to Set 1 and start

the process over again. If you haven’t already, this is the type of loss that will make

you want look at another selection method like the Oldest System on the Planet. I

urge you, no matter what selection system you decide to use, test it out and don’t try

the Profit Parlay method again until you are confident with a system that is proven.

At least by this point you should see that using a solid selection system to pick your

horses will only strengthen the power of Profit Parlay and really bring in nice

windfalls of cash into your bankroll when you win.

Okay, so let’s move past Set 2, Part 2 A and hope that it never happens to you

again! Let’s take a look at Set 2, Part 2 B instead.

Now that’s what we want to see, right? Let’s say that our Set 2 selection horse was

in race 6 at Remington and our horse was Wild Rebel Rose.

As you can see, for a $2 win bet this horse paid $22.40 and for a $2 place bet Wild

Rebel Rose paid $7.80. But we didn’t bet a $2 win and $2 place bet, did we? Since

we bet $24 to win on this horse, it paid $268.80! And since we bet $24 to place on

this horse, it paid us $93.60! That makes our total $362.40!!! Not too shabby,

considering we started off with $4.

Like I said earlier, your payouts for Profit Parlay are all dependent on

your horse’s odds. The example we used above is probably a little

higher than the average payout, but is definitely within reach as long as

you have a great selection system for picking your horses.

So where do you go after Set 2 of Profit Parlay is finished? That’s entirely up to

you. I would not advise pushing the full amount forward to another race, though.

By starting off with a $4 bet and working towards a high end payout like the

example above, you are capturing a tremendous ROI (return on investment). Ask

any handicapper and they will tell you that an ROI like this is a great place to cash

in. You only had to make 2 selections, you kept your initial bet making your second

bet practically free (no out of pocket money) and you walk away with a healthy

cash-out. That’s a great day!

But if you wanted to, you could start over with

Profit Parlay and up your initial bet. Instead of

starting out with a minimum $4 wager, you now

have enough bankroll to increase that to upwards

of a $10, $20 or more wagers. This would only

increase the payouts as you move through Set 1

and 2 of Profit Parlay, which in turn will bring in

bigger payouts. My personal suggestion is that

you raise your minimum wager to $10 and $10.

This will make you even more money on your

next completed set. From there, you might even consider bumping your bet again

on the next set to $20 to win and $20 to place, gradually upping your first initial bet

every time you start the method over. Once you complete sets like these, you will

be in the hundreds or even thousands of dollars. But I would never bet above $50

win, $50 place on your initial wager. There really is no need. The backend set will

produce above what you want. This, of course, would be entirely up to you.

Check out the video tutorial for this step-by-step breakdown of the Profit Parlay

Method-

Earlier in this book, I used the 3 different examples from 3 back-to-back races at

Remington Park on the same day, just to give you an idea of the possibilities of

what this method is capable of. Now let me show you a real world example that I

actually played and won on.

Following the rules of Profit Parlay, I made my selection for my Set 1 horse. To

show you what I mean about making your selection system work for you, I spent a

lot of time finding my first horse for Set 1. This is crucial and I can’t stress it

enough. You would never rush into a business investment, right? The same thought

process applies here as well.

After much consideration, I used my selection system and landed on Saratoga Blitz

at Calder Race Course. Here she is in that line-up:

As per the Profit Parlay method, I bet Saratoga Blitz $2 to win and $2 to place.

Once I made my wager, I kicked back and watched the race unfold like this:

Very nice win and a great way to start my Profit Parlay! My total bankroll after

adding the $24.60 win money and $4.20 place money was now $28.80. I subtracted

my initial $4 wager and the $0.80 change and now had $24 to move forward on Set

2 of Profit Parlay. By removing the initial wager (or rather holding it back for

another day), I’ve made it where my next bet will be free! Even if I do poorly with

my next bet, I will not lose any out-of-pocket money, you see? How awesome is

that?! It’s like being handed $24 to go bet again. Who would pass that up? Not me

and I seriously doubt you would either!

So now that I completed Set 1 of this method, it’s time to move on to Set 2. As I

said before, let your selection system pull you out another winner. Take your time,

study the angles and get to the next race because it’s the right choice- not because

you are eager to win again. The thing to remember is not to rush either bet. Make

sure you have a horse that has a good chance of winning. After you hit the initial

horse, the human reaction is to go ahead and make the second one immediately.

Don’t fall prey to that. Be meticulous about finding the second horse. It does not

have to be running that same day. It can be running the next day or next week. It

could be at the same track or another one altogether. We have been conditioned to

thinking that there is no tomorrow in horse racing. There is. And when you use an

online betting service like TwinSpires, you can have the money sitting there in your

account waiting for you. There is no hurry. I repeat- there is no hurry.

Again, after carefully searching for the right horse to play in Set 2, I decided on

Quanah Gold at Keeneland. Notice that I am now at a completely different track.

Now that I had my selection for Set 2 of Profit Parlay, it was time to make my

wager. After my winnings at Calder with Saratoga Blitz and removing the change

and my initial wager of $4, I was left with $24 to bet on Set 2. I split that amount in

half and made a $12 to win and $12 to place bet on Quanah Gold. This is where the

Profit Parlay method can be a little nerve racking, but you have to keep in mind that

this is technically a free, no out-of-pocket bet. Think of it this way. When I started

the day, I was only going to bet $4, the amount I was comfortable starting out with.

At this point in the Profit Parlay method I am now able to wager $24 on one horse-

something I normally wouldn’t have done if my initial $4 bet hadn’t paid off! You

have to train yourself to think of it as a free wager, because it cost you no out-of-

pocket cash and if you are confident in your selection method, this is more like an

investment. At any rate this is how my wager on Quanah Gold played out-

Almost feels like a heartbreaker, right? Trust me- it’s not. Because Quanah Gold

didn’t win, I lost the $12 win bet. It sucks, but it happens. Quanah Gold did run

second, though and since I made a $12 place bet on him, I made $40.80! That’s 10

times the amount I started off with. As racing “investments” go, that’s a pretty solid

ROI. The race was really close, too and had my horse hung on and won it… that

pay-off would have been huge. Now I’m not one to talk about “what could have

been”, but for the sake of showing you the potential of the Profit Parlay method,

let’s look at how this could’ve turned out if I had started Set 1 off with higher bets.

When looking over the chart above, there are a few things to keep in mind. For

starters, I included the “Deduct Bet, etc.” column to remind you that each time you

move forward to Set 2, you are holding back your original bet. You are also holding

back any spare change, and if you end up with an odd dollar amount, you would

hold back $1 so you can evenly split the remaining balance. For example, take a

look at the second row.

In this hypothetical example, let’s say I started off with a $3 to win and $3 to place

wager on my Set 1 horse, Saratoga Blitz. Once he won, I was paid out $36.90 to

win and $6.30 to place making my total $43.20. In the “Deduct bet, etc.” column, I

subtracted my initial bet of $6 and the change of $0.20. That made my total $37.

Because it is an odd numbered amount, I also subtracted $1. That makes my total

$36 that I can now split evenly towards the Set 2 wager- $18 to win and $18 to

place.

The other thing to keep in mind here is that in my Set 2 race, my horse, Quanah

Gold, ran second. That means that I collected no win money in Set 2 at all. If your

selection hits the boards on Set 2 as the winner, think of how much more these

numbers could be inflated! I used this example so you could see that even with a

place horse; I made 10x my original bet. And the beauty is that I did it with no out-

of-pocket expense. As a matter of fact, I set back $4.80 that is now sitting in my

account for the next time I want to try Profit Parlay. Now I now talking about this is

one thing, but what about seeing it in action? Check out the video below:

Now after completing both sets of the Profit Parlay system, I have some

suggestions for you.

Only Start Off With Money You Are Comfortable Betting- I know that after

seeing the chart above you may be eager to start Set 1 of Profit Parlay with a high

bet. I strongly advise you to test the waters with a $4 bet first or at least with a low

amount that you are comfortable betting. Get a feel for the method before charging

head-long into a major wager.

Use A Reliable Selection System And Take Your Time- This method will cause

you some serious problems if you approach it on hunches. Sometimes you might

pull one out, but you are more than likely going to fail. I would never use Profit

Parlay without a strong selection system to rely on for my picks.

Approach Profit Parlay As An Investment- Remember to subtract your original

bet in Set 1 before doing Set 2. This will ensure that you are making a free, no out-

of-pocket bet going forward. You should be using this method to make money, so

keep that investment mentality at the forefront of your mind.

Refrain From Pushing Set 2 Forward- After winning Set 2, never start a new set

with all the money you earned. Sure raise your bet and start Profit Parlay over, but

don’t take it all and bet it. You are in this to make money. Pull your profits and

spend it on something else. If you always keep your winnings in the races, you will

most definitely lose it all. Pull the majority of the profits and spend it on something

you like or something for a spouse or a companion. “Letting It Ride” might be fun,

but I promise you, heartbreak is around the corner!

As I mentioned throughout this book, Profit Parlay relies heavily on a strong

selection system. Now I know that some of you may very well have a system you

prefer to use and that is fine, but a vast majority of you are still looking for a spot

selection system that will work for you. As promised, I have a suggestion for you

that is ideal for the Profit Parlay method. The Oldest System on the Planet is a spot

selection system that I created and within it is a handicapping play that I call “The

Twist”.

The Twist is a spot selection system that is great at spotting winners. It’s based on

the basics of the Oldest System on the Planet along with a few other standards that

make these horses perfect for the Profit Parlay method. Remember when I said it is

human nature to hit Set 1 and rush out to bet Set 2 right away? If you use the Twist

in The Oldest System on the Planet, you will develop the discipline needed to resist

that urge. The Twist also has a tendency to pull out some longshots along the way,

helping to increase the payouts of Profit Parlay by leaps and bounds. Pick up your

copy of the Oldest System on the Planet at www.HorsePlayerHaven.com and start

nailing the Profit Parlay method today. You’ll be glad you did!

Well, that’s all for the Profit Parlay method. I hope this report has helped to shed

some light on how to increase your horse racing ROIs. Be sure to check out the

Profit Parlay Tutorial video and the Profit Parlay In Action video to help you get a

complete grasp on this powerful method. See you at the windows!

---Visit HorsePlayerHaven.com To Learn About a Handicapping system that works!