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1. Keep a record of all bets and analyse exhaustively.
2. Work to a structured staking system and betting bank.
3. Write down goals (how much you plan to win and by when)
and then monitor your progress carefully.
4. Write down, in detail, your selection methodology. If you haven’t got one you’re only guessing and, unless you are abnormally talented, you will fail.
5. Work very, very, very hard at it. The harder you work, within reason, the more successful you will be.Discuss….
Disagree with 3. It could force you in to chasing to reach a certain target, or holding back on something, or possibly even ignoring a value play altogether if your set target has been reached.
Also I haven’t got time to do 4. My brain works far faster than I can either type or write. That’s not to say I don’t have a sound reasoning for backing something.
I’d substitute 3 with Patience. There’s over 6000 races in the UK and Ireland on the Flat and probably about 4,000 over jumps. After a shite day, come back tomorrow, the day after or the week after.
Gosh I don’t do any of that…………. good ideas though if I am to become a serious punter………
Oh yes and always always always check it out in the parade ring… obviously if you can….. sometimes you can’t
Good set of rules, Corm. Although I agree with DJ in that rule 3 could lead to the dreaded chasing of losses.
Rule 5 is essesntial for long-term profits. However I would interpret ‘working hard at it’ as watching and taking in as much racing as possible in opposition to reading formbooks until the print comes off them. There is no formbook as good as the one in your head.
never back a horse to do somthing it has never done before………and there was me backing pearly way for the ayr gold cup having never run on soft !!!! when will i listen to my own advise???
my personal main rule is to know a horses preferences and only bet when these are met,chipmunkAgreed that 3) would be the least important though deciding on a goal to aim for at season start doesn’t hurt e.g "My aim this year is 50 points profit" though as others have said this should never be chased should things go belly up as they tend to do when goals are set.
I’d shunt all your list down a peg and put at 1) Specialise never more important than with todays bloated racing programme. Walks hand-in-hand with Patience mentioned by DJ
1. Keep a record of all bets and analyse exhaustively.
2. Work to a structured staking system and betting bank.
3. Write down goals (how much you plan to win and by when)
and then monitor your progress carefully.
4. Write down, in detail, your selection methodology. If you haven’t got one you’re only guessing and, unless you are abnormally talented, you will fail.
5. Work very, very, very hard at it. The harder you work, within reason, the more successful you will be.1. I agree with the first part of point 1 although the second part about analysing exhaustively should really have been done before the bet was made and could lead you to serious navel contemplation.
2. Agreed
3. Disagree
4. See point 1
5. AgreeThe golden rules for me are ..
1. Have a structured betting method which includes analysing horses.
2. Never bet at odds greater than 8/11 or bet on less than 3 horses in any race.
3. Never bet at SP, unless it’s a couple of bob for a laugh.
4. Don’t listen to egg heads, braggers or people on internet forums.
5. Make sure your betting is properly funded.I would also add :
Be selective.
Don’t bet every day.
Only bet what you can afford to lose (an old cliche, but very a wise one)…. and
never chase losses straightaway (sure fire way to the poor house) – keep cool, remember, there’s always tomorrow.
Gambling Only Pays When You're Winning
5. Work very, very, very hard at it. The harder you work, within reason, the more successful you will be.
Discuss….
I disagree with this one. I think specialising in a narrow field is far more important than sketching the surface of all the various levels of racing.
I rarely use the form book as what i see with my own eyes has more importance for me than what some guy has written down.never mind rules 1-5 my father summed racing up for me when i was 12-13 year old, he took me into ladbrokes and asked me how many counters there were for putting bets on and how many for paying out? the answer was 3 for betting 1 for paying out…………….lesson learnt nuff said,chipmunk
My brain works far faster than I can either type or write
Must have appaling typing skills then
I disagree with 3. Muddles the mind that one
I think one good strategy is to simply back off when things are not going well…but keep selecting and seeing how close you really are to keeping to your principles. A losing run can hit confidence and lead to doubts and istakes.
Talking from current experience and slecting Anna Pavlova today
Trust your brain too. Its still a far better filter than supposed systems and one eyed strategies.
Not sure you have to reanalyse to any great extent. I dont throw bets around like confetti so i trust my memory to take on board lessons learnt from poor wagers
never mind rules 1-5 my father summed racing up for me when i was 12-13 year old, he took me into ladbrokes and asked me how many counters there were for putting bets on and how many for paying out? the answer was 3 for betting 1 for paying out…………….lesson learnt nuff said,chipmunk
My dad pointed out something similar on a trip to Aintree – 12 said "bet here" and 3 said "pay out".
Equally in the old days my Grandfather told me that there’d be 4 people taking bets and 1 settling
1. Keep a record of all bets and analyse exhaustively.
2. Work to a structured staking system and betting bank.
3. Write down goals (how much you plan to win and by when)
and then monitor your progress carefully.
4. Write down, in detail, your selection methodology. If you haven’t got one you’re only guessing and, unless you are abnormally talented, you will fail.
5. Work very, very, very hard at it. The harder you work, within reason, the more successful you will be.Discuss….
Don’t know why so many here disagree about 3. I think it’s important to set goals. I start with small stakes and the more I win the more I bet. When I reach my goal I withdraw the money and start again with small stakes.
1. Keep a record of all bets and analyse exhaustively.
2. Work to a structured staking system and betting bank.
3. Write down goals (how much you plan to win and by when)
and then monitor your progress carefully.
4. Write down, in detail, your selection methodology. If you haven’t got one you’re only guessing and, unless you are abnormally talented, you will fail.
5. Work very, very, very hard at it. The harder you work, within reason, the more successful you will be.Discuss….
Don’t know why so many here disagree about 3. I think it’s important to set goals. I start with small stakes and the more I win the more I bet. When I reach my goal I withdraw the money and start again with small stakes.
Nothing wrong with that it’s setting goals based on a time period that I think people have problems with.
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