It's happening at all the "Person to Person Betting Exchanges", "Bookmakers" and "Totes" around the world. Since the advent of "Person to Person Betting Exchanges" such as Betfair.com, an ever increasing number of people have been trying to make money via the Internet on sports betting and horse racing.

And in order to make your fortune, you won't need to place a single bet!

Most of those placing bets have little previous experience with either horse racing or sports betting and soon find that the winners they pick lose, while the losers they lay go on to win. A very frustrating situation, indeed!

But I'm not for a minute suggesting that you should join the greed and gouging that is going on at betting exchanges and bookmakers' offices. Not by any means!

To understand what's involved, let's take a look back at the last gold rush.

Who do you think made the most money? The miners? Not a chance!

Sure some made a big strike and went home with a big smile on their faces but most struggled to get by. Many lost their fortune and some even lost their lives.

No, those who made the most money from the gold rush were the people selling goods to the gold miners. In the old west, fortunes were made by those who stood on the banks. Just think "Levi Jeans".

So what's the best thing to do if you want to get rich?

Sell something to the other gold miners!

Right now everyone either wants to be a bookmaker and take others' bets, or to bet on thier selections believing that the better odds give them a chance of success. But does it really?

Most of those using the exchanges or bookmakers these days are people who:

* Have little previous experience with sports betting.

* Find it hard to pick winners to back or losers to lay.

* Have a full time job.

* A dream of making an income from horse racing.

* Betting is a leisure pastime.

Is it possible to make a profit on the Exchanges?

Figures released by Betfair show that only 2% of their clients won more than £15000 last year. That's right - just TWO PERCENT! Not exactly odds to get excited about, are they? And your chances of getting rich by placing bets on sport would be very slim indeed.

As you no doubt already know, horse racing and sports betting is fast becoming something of a leisure pastime for those with plenty of money to spend, but this type of "bettor" rarely has either the time or the inclination to pick their own selections.

But, rather than just put their money on any selection, they'll happily pay an "expert" to make the choices for them. Why? Because they believe it gives them a better chance of winning, and winning is what betting is all about.

So do you see where I'm heading?

If YOU offer the expert advice that people want, you can make HUGE amounts of money from your favourite sport!