The founder of MONA is a professional gambler with conscience. So definitely can make money.
Controversial opinion - I think Sports betting is way better option than horse racing. There was a study in UK showed that only 2% of horse punters made consistent returns. You are better off working in the industry.
Personally, betting larger stakes and infrequently is the way to go. I'm trying to develop niche in picking underdogs or above $2 bets. Multis are fun distractions.
Controversial opinion - I think Sports betting is way better option than horse racing. There was a study in UK showed that only 2% of horse punters made consistent returns. You are better off working in the industry.
Personally, betting larger stakes and infrequently is the way to go. I'm trying to develop niche in picking underdogs or above $2 bets. Multis are fun distractions.