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When you finally conclude that betting, particularly in horseracing, is a complete and utter waste of time and money, a weight is lifted from your shoulders. You realise that your losses are not the result of some deficiency or lack of application on your part but due rather to a skewing of the sport to the detriment of punters who cling to the archaic belief that form study can result in profit.
”some people make a profit from betting on racing ”
Are they form readers or are they party to information from connections>
Form readers and value seekers Woolf
"thehorsesmouth":14e86lm5 wrote:
”some people make a profit from betting on racing ”
Are they form readers or are they party to information from connections>
Form readers and value seekers Woolf
This should probably read
form student who are value seekers
because in my opinion you could know the form book inside out but that would not necessarily mean you’re likely to make a profit, although it surely helps.
We had a very pleasant afternoon at the races and were impressed with the first race maiden winner Sacred Path, who will hopefully repay our diligent paddock watching with a win at Sandown tomorrow. He certainly wasn’t fully fit or expected to win last time.
AP
Needs 3 miles and fences imo. Could be the fav for the National one day.
Without any inside knowledge I think you need a large bank and plenty of good fortune to generate anything like a significant profit.
Small stakes punters have very little chance unless you happen to strike it lucky on an accumulator. These days just making any sort of profit is an achievement.
There are just too many stumbling blocks the biggest being the unreliability of the current batch of jocks. Nearly all of them can go from hero to villain in the space of half an hour. Very few actually ‘win’ races but there are plenty who find no trouble in losing them and you can often be left wondering if defeat is down to sheer incompetence or something more sinister. The Stewards will always settle for incompetence.
We had a very pleasant afternoon at the races and were impressed with the first race maiden winner
Sacred Path
, who will hopefully repay our diligent paddock watching with a win at Sandown tomorrow. He certainly wasn’t fully fit or expected to win last time.
AP
Needs 3 miles and fences imo. Could be the fav for the National one day.
Sacred Act
on the other hand could still take up his Group 1 engagement at Royal Ascot,forget todays performance.
Sacred PATH ran in Rhyme and Reason’s Grand National and he fell/unseated at the first fence. Rhyme and Reason went down on his knees at Bechers first time round but somehow got up and managed to win the race.
Thanks for the good crack. Time for me to move on. Be lucky.
Without any inside knowledge I think you need a large bank and plenty of good fortune to generate anything like a significant profit.
Small stakes punters have very little chance unless you happen to strike it lucky on an accumulator. These days just making any sort of profit is an achievement.
There are just too many stumbling blocks the biggest being the unreliability of the current batch of jocks. Nearly all of them can go from hero to villain in the space of half an hour. Very few actually ‘win’ races but there are plenty who find no trouble in losing them and you can often be left wondering if defeat is down to sheer incompetence or something more sinister. The Stewards will always settle for incompetence.
Totally agree. Large bank is needed considering 20% would be considered a very good return on investment especially with studying time and only races you should be betting on coming at a handful per week, you would have to stake £2000 per week over 4 races to make an ok wage
Jockey example look at Hayley turner on clockmaker, it doesn’t take a genius to work out the horse needs to be raced from the front and surely the trainer would know this but time and time again she holds the horse back! Just an example of how easily a jockey can lose a race without looking suspicious, I try and stick to class 3 races minimum.
20% ROI is good these days, 10 years ago I regarded 30% as poor and 40% as only reasonable.
"I view racing today as a form of comedic entertainment"
Thats a coincidence, I view your posts in the same way.
Saucer of milk with that, AP?
he writes superbly and the Post could have used him as a counterweight to Steve Palmer.
Well said. Palmer’s articles come across as pure fantasy designed to attract a young impressionable audience into believing there is some merit in being a compulsive gambler and heavy drinker. There is of course no merit to be had from either, and I doubt very much if Mr Palmer in his well paid job as a journalist and author is anything but a very good journalist/employee, who gives his bosses exactly what they require, on time and is no more a hard drinking fearless maverick punter than Graham Norton!
As for the subject being discussed in the thread, my suspicion is if gambling is effecting one’s mental wellbeing then it has already become a "problem" in the way a gambling addiction councillor might perceive it.
If that is the case then the only way to counteract its adverse effects is to walk away from it, but of course that is easier said than done.
I imagine for a lot of problem gamblers who genuinely love their racing it is hard to imagine being able to enjoy racing without betting.
he writes superbly and the Post could have used him as a counterweight to Steve Palmer.
Well said. Palmer’s articles come across as pure fantasy designed to attract a young impressionable audience into believing there is some merit in being a compulsive gambler and heavy drinker. There is of course no merit to be had from either, and I doubt very much if Mr Palmer in his well paid job as a journalist and author is anything but a very good journalist/employee, who gives his bosses exactly what they require, on time and is no more a hard drinking fearless maverick punter than Graham Norton!
VG Ivanjica
Actually Maxilon5 was/is a fan of Steve Palmer’s and as such was something of a lone voice here on TRF. He leapt to his defence on several occasions even nominating him for ‘Journalist of the Year’ in the annual TRF awards bash
His staunchest defence is here:
https://theracingforum.co.uk/horse-r … =2&t=79573
Didn’t really understand his regard for Palmer as – as Steeplechasing points out – the heavyweight, dark, disturbing, unique prose of Max is at odds with Palmer’s lightweight, frothy, comforting, derivative journalese
Yes, depression is inevitable. It is usually short-lived though.
Take today. I thought: OK, the Scoop6 is £4million. I ought to have a go even though I know it is designed to be impossible.
The hard thing for most punters will be not only going out on the first leg, but going out on a McCoy shot at 14/1!
The game is full of unpleasant sods’ law. Always has, always will be. One has long periods when one feels elevated from what McCririck calls ‘the sufferers’, but in the end you will be back there.
The game can be exciting and beautiful. But the whole shebang is dependent on almost everyone losing almost all the time. It is designed to that purpose and almost everyone involved in it is compelled to connive to that end. Never forget that.
The pain and the messing around of the punting public is almost endless. Seasons begin with weeks if not months of guesswork, and finish with great unpredictability. Weeks go by with nothing but rubbish offered, except for weekends, when there is too much good stuff for the sane man to even contemplate.
For every one you call right, you’ll four wrong if not six. For almost every punter it is not much different to the grinding attrition of the roulette wheel.
The real tribute of the lowly punter is the endurance of human hope. When I look at betting shops on a Saturday I sometimes think: What could these stalwarts achieve if they applied their efforts to something other than this ridiculous farce?We may never know.
The pain and the messing around of the punting public is almost endless. Seasons begin with weeks if not months of guesswork, and finish with great unpredictability. Weeks go by with nothing but rubbish offered, except for weekends, when there is too much good stuff for the sane man to even contemplate.
For every one you call right, you’ll four wrong if not six. For almost every punter it is not much different to the grinding attrition of the roulette wheel.
The real tribute of the lowly punter is the endurance of human hope. When I look at betting shops on a Saturday I sometimes think: What could these stalwarts achieve if they applied their efforts to something other than this ridiculous farce?We may never know.
Wise words Prof, wise words indeed.
I’ve also packed the jumps in. I used to think it was the greatest thing since sliced bread, but I just cannot be bothered with the herculean effort and patience required. The thrill and magic of losing loads of money at Cheltenham while watching plots unfold that you never stood a chance with has long worn off. I allow others to get excited about that sort of thing now.
I look forward to Chester, R Ascot, Goodwood and York. I visit Brighton regularly because I like the town, the views and the echoes of Brighton Rock. I back and lay a few on the all-weather, Wolverhampton being a rather happy hunting ground believe it or not.
But there is always something better to be doing with one’s time and resources. Just think about it.
he writes superbly and the Post could have used him as a counterweight to Steve Palmer.
Well said. Palmer’s articles come across as pure fantasy designed to attract a young impressionable audience into believing there is some merit in being a compulsive gambler and heavy drinker. There is of course no merit to be had from either, and I doubt very much if Mr Palmer in his well paid job as a journalist and author is anything but a very good journalist/employee, who gives his bosses exactly what they require, on time and is no more a hard drinking fearless maverick punter than Graham Norton!
As for the subject being discussed in the thread, my suspicion is if gambling is effecting one’s mental wellbeing then it has already become a "problem" in the way a gambling addiction councillor might perceive it.
If that is the case then the only way to counteract its adverse effects is to walk away from it, but of course that is easier said than done.
I imagine for a lot of problem gamblers who genuinely love their racing it is hard to imagine being able to enjoy racing without betting.
I’ve always enjoyed racing and always loved a punt as secondary. But when your focus becomes more the pursuit of money, it tended to spoil thing for me. Laying horses in particular is very souring experience.
I also wonder, since racing is a puzzle to be solved, the motivation of money may well be an inhibiting factor for many.
Here is a rather interesting talk on that subject.
http://www.ted.com/talks/dan_pink_on_motivation
SHL
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we should wake up every morning and feel blessed we can enjoy our sport.We can all ruin that feeling by overdoing it
,just like everytime we get P*ssed and the hangover that subsequently comes from it gets the ‘Never again’ feeling,albeit till the next time.
Moderation is the Key to surviving lifes demons
and Gambling is one of lifes biggest
That’s it right there. Couldn’t have said it any better if I’d tried.
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