The amount of money punters make from betting on horse racing can vary significantly. Some punters may make a substantial profit and consider it a lucrative endeavor, while others may experience losses. It depends on several factors, including the knowledge and skill of the punter, the strategies used, and a degree of luck.

Successful professional punters who dedicate considerable time and effort to studying horse racing form, analyzing statistics, and developing effective betting strategies can potentially earn significant profits. They often focus on finding value bets, where the odds offered by bookmakers are higher than the assessed probability of an outcome occurring. By consistently identifying value bets and managing their bankroll effectively, professional punters may generate substantial returns.

However, it is important to note that horse racing, like any form of gambling, involves inherent risk. Many punters may experience losses, particularly if they rely on hunches, emotional decisions, or lack a disciplined approach. It is crucial to approach betting responsibly and understand that no system or strategy guarantees consistent profits.

Ultimately, the amount of money punters make from horse racing betting varies widely. Some may earn modest profits, while others may achieve substantial returns, and some may incur losses.